Do you need a business idea? Many people dream of the financial freedom that can often result from entrepreneurship. Entrepreneurs take on financial risk with setting up a business in the hopes of making a profit. There is no doubt entrepreneurship is riskier than holding down a 9 to 5 job. Starting the venture and making it grow requires significant sacrifice from your end. However, once your business starts bringing in profit, all of your work and the sacrifices will be worth it.
A 2017 survey by the Economic Innovation Group showed that 62% of 18 to 32-year-olds have considered entrepreneurship. However, the hindrance is that 42% feel that they don’t have enough finances to pursue entrepreneurship. One main financial hurdle that Americans face is the increasing level of student debt. The ballooning debt and expenses discourage people from taking risks and pursuing entrepreneurship. Today we will take a closer look at entrepreneurship ideas that you can consider. All it will take from you is a little commitment, some sacrifice and a whole lot of resilience.
Business Tools To Help Get You Started:
Logo Design (Logo Garden) – If you are looking for help with a professional looking affordable logo in minutes, then Logo Garden is a great option for you. They offer step by step customization, flat rate prices with unlimited revisions and additional tools for you to market your business. Click here to learn how you can get started with Logo Garden.
Fiverr – A great online business tool, which allows you to find freelancers to complete anything that you would like to outsource within your business. Whether it be website design, administration assistance, logo design, dropshipping, video editing, programming etc. Begin freelancing with Fiverr to help your business get started.
Jobber – Assists with professional business services and keeping the jobs on track. It allows you to automate repetitive administration work, retains your customer’s information so that you can keep track of each customer’s history, offers multiple payment options so that you get paid quicker, allows you to take on more work without hiring additional staff, automates workflow and to date is currently utilized by 100,000 small business owners. Jobber prides themselves in making small businesses look big. If you would like a 14 day free trial click here.
Hiscox Business Insurance – Hiscox is well known for providing fast, affordable and complete coverage for small businesses. Whether you are looking for general liability coverage, professional liability, short term liability coverage or cyber security coverage, Hiscox does it all. Their policies are specifically tailored to you as business owner and a specialist will walk you through ensuring your business is completely covered. Hiscox will also provide you with a quote within minutes.
1. Business Idea: Start A Blog
You may ask, is blogging still a viable business venture in 2021? The answer is yes and there is plenty of room for you to make money as a blogger. Even though there are millions of blogs out there, blogging remains a successful business venture that you can pursue. The challenge is learning how to make your blog successful.
People who have struggled to make their blog successful, either start the blog as a hobby or do not invest money into it. When seeking to make a blog successful, it is imperative to focus on the audience’s wants or needs.
You can monetize a blog through including affiliate links on your blog posts, including paid ads on your blog or even choosing to do sponsored content.
2. Business Idea: Handmade Gifts
Handmade gifts have become a popular way to make money. This idea requires you to tap into your creative streak and look for just about anything that will help you earn passive income, from quilts, fresh baked cookies, soaps, tutus for the puppy, and so much more.
A great book to get inspired is Creating Really Awesome Free Things.
3. Business Idea: Graphic Design
Graphic design is a thriving industry that continues to grow at a rate of 3.5% per annum. As with most creative careers online, you can either gain skills by going to school or by learning on your own. You can learn how to use Adobe Illustrator or other accessible tools such as Visme and Stencil. With a bit of creativity, you can make money by selling images, such as motivational quotes. Alternatively, you can look for a local startup or a small business owner or photographer who could use your skills for tasks such as creating a logo or create graphics for marketing campaigns.
There are online courses such as The Graphic Design Bootcamp or Graphic Design Fundamentals to help you start out as a graphic designer. Once you gain some skills, you can further your education by offering hands-on experiences such as designing sprints for top-tier clients.
4. Business Idea: Web Design
Web design entails creating beautiful websites or apps that enhance the experience of the user. Web designers are always in demand because people are continually setting up websites. If you feel that this is a viable profession that you can pursue, you can start by reading books such as HTML & CSS: Design and Build Websites by web designer Jon Duckett and Don’t Make Me Think by Steve King.
You can make steps and enroll in online courses such as Digital Marketing or UX Designer, they will help you gain basic knowledge of web design. However, should you feel the need to delve deeper, you can look for platforms such as the General Assembly and Treehouse.
When you pursue this career, you will need to learn new things continually. For instance, today’s websites have moved beyond basic HTML, CSS, and JS. Websites are getting more complicated each day as technology is constantly evolving. If you choose to pursue this business idea, you should be a person who loves gaining knowledge and is not afraid to take risks.
If you want to start your own website, a great web hosting site is Bluehost. You can get started for as little as $3.95 per month, with a free domain for the first year! Click here for more information.
5. Business Idea: Invest
Investing is a viable approach to building wealth. Thanks to modern technology such as Robo-advisors and investment apps, you can start with as little as $50 a month and work your way up to building an investment portfolio.
Investment and savings go hand in hand. So if you’re going to start investing, then you need to discipline yourself to save. You can start by opening an online savings account that’s separate from your checking account. Also, you can take time to learn how to invest and the best investment strategies for beginners.
Real estate investing is another strategy that you should pursue. This strategy contains potential financial rewards that outweigh the costs. Real estate investment will give you a steady income, and if approached correctly, you will be making enough income to cover your expenses and put some extra cash on the side. Read on how you can retire early through investing. There are excellent resources to help you get started in real estate.
6. Business Idea: Jewellery Design
You can design your own jewelry and sell it. The jewelry doesn’t have to be complicated, but you can use simple materials such as wooden beads, hemp bracelets, and painted glass. You can design your own jewelry online through platforms such as Printiful. Similarly, you can learn how to make your jewelry by taking an online course. The beauty of this entrepreneurship idea is that it is creative and fun and also allows you to engage with your kids and encourage them to sell their own designs at the local markets.
7. Business Idea: Pet sitting Service
Pet owners who tend to travel a lot want someone to take care of their pets while they are away. A pet sitter provides hands-on care for the pet; for instance, they regularly walk the dog, feed it, and groom it in the owner’s apartment while they are away. The blog by Paws At Home, Google trends reports that there has been an increase in searches for dog and cat sitting services by 40% and 30%, respectively. Organizations such as NAPPS(National Association of Professional Pet Sitters), PSI (Pet Sitters International), or Pet Expert.com are helping boost this niche by offering startups with training and best services. There are books on the pet sitting business that you can read as well.
If you love animals, then pet sitting can result in a steady income. But there are factors that you have to consider before starting the pet sitting business, so be sure to learn as much as you can before starting.
8. Business Idea: Car Wash
A carwash business is an attractive venture. There are many advantages attached to this business; for instance, there’s a constant need for affordable, accessible vehicle cleaning and maintenance. But you need to research the market before you invest in this business thoroughly.
If starting a carwash business if it interests you. The book “Car Wash Business 101: The #1 Car Wash Start-Up Guide” by Buzz Glover offers insightful information on starting his enterprise successfully.
9. Business Idea: Online Courses
Starting an online course entails using your skills for profit. If you are an expert in something, then there is a high chance that there are people online who are willing to pay to learn your skill. If this is something that would interest you, then I suggest you start with ‘How To Create An Online Course with Udemy,’ where Miguel Hernandez teaches you how he managed to make $90,000/yr with learning online. Miguel’s course has more than 8 hours of video instruction. Alternatively, Ryan Robinson’s free online course helps you discover a profitable course that you can launch in three days.
Once you have mastered how to create a course, you can use Teachable, which is the most comfortable and most affordable platform for creating, selling, and hosting your online course. Teachable also has tons of educational resources that will show you how to create an online course.
10. Business Idea: Ebooks
Ebooks are a great way to share your knowledge and skills with those seeking to learn a new skill. This entrepreneurship idea allows you to deliver value to your target audience for a fee. You can learn how to write an ebook within weeks by taking an online course or reading blogs from successful ebook writers.
In most instances, you start by creating an outline for a blog to kick off the process. It will help if you put in some effort with your ebook by putting in some serious thought, and building an audience. When you build your audience, you will pitch to traditional publishers and land a book deal. The more quality ebooks you commit to publishing, the more you develop your brand.
11. Business Idea: Become an Influencer
Influencer marketing is one of the most successful marketing tactics today. Trends show that 84% of people trust online reviews as much as they trust online recommendations. When you become an influencer, you review a product or a service to your target audience via social media. This venture is quite profitable as the average influencer takes home anywhere between $30,000 to $100,000 annually.
These articles will assist with learning more about making money on Instagram or Youtube. Books such as Jason Miller’s Influencer Marketing book, will also assist you. What niche are you interested in? Once you figure that out, then you can work towards building your authority online in that niche. Influencer marketing works well when you focus on building a connection with your audience. This takes time and commitment from your end, as you will continually engage with your audience. Overall, the rewards of influencer marketing are priceless.
12. Business Idea: Podcast
A successful podcast will help you get sponsors and passive income. Podcasts are growing in popularity as more people continue to venture into it. Many people are using podcasts as an additional revenue stream, and you can do so as well. You can start a podcast and work towards building an audience, connecting with more influencers, and boosting exposure for your side-hassles.
Learn how to set-up a podcast that’s focussed on a topic you find interesting. Next, work towards building a successful podcast. When done well, you can earn an average of $500 to $900 on affiliate sales or sponsorships. If you are interested, you can start by learning how to make money podcasting.
13. Business Idea: Virtual Assistant
Do you have strong organizational skills, strong time-management, communication, and organizational skills? If you do, then you should consider setting up a virtual assistant business. A virtual assistant has the ability to offer administrative assistance and services to clients remotely. They perform a range of tasks such as making calls, travel arrangements and managing their email.
This business comes with perks as you develop profitable skills such as creating GIFs, VR videos, and blogging. Also, you get to travel around the world as a digital nomad while you make money online.
14. Business Idea: Greeting Cards
Do you have a way with words? You can make $300 from writing greeting cards if you are a good poet. Companies such as Blue Mountain Arts, Oatmeal Studios, and Viabella will pay for your work. Therefore, if you are good enough to make Shakespeare weep and are not afraid of rejection, then you can try out this business idea.
15. Business Idea: Translation
Translator jobs are projected to grow by 20% in 2020. This growth is faster than the average occupations. Therefore, if you have mastery of grammar and spelling, you can set this up as a business venture. Translator jobs can be done remotely. Moreover, there are remote job websites where you can find the right opportunity for you.
What skills do you need for a translator job? You need to have an exceptional command of the language, including grammar and writing. You also need to have sound translation judgment, strong computing and CAT skills, plus knowledge of the translation process and best practices. There are translation courses online that will help you gain the skills you need to pursue this business.
16. Business Idea: Website Flipping
Website flipping entails buying, improving, and selling websites. The term comes from real estate, where investors purchase property and renovate it to increase its value. Now in website flipping, you do the same by renovating a website to add its value. The benefits of this entrepreneurship idea are that you will require low-capital investment to start. The website flipping market is also one of the fastest-growing markets, and anyone can profit from it. Doug Cunnington is one of the case studies of how this business works. Doug made a profit of $10,479 in less than a year from flipping websites.
Domain.com allows you to quickly and easily register domain names to start flipping websites.
17. Business Idea: Start an E-commerce Business
An ecommerce business is an affordable business idea that can give you a good income. However, you need to sell a product or service that meets your target audience’s needs for this business idea to work. What you sell and how you sell it will distinguish you from an ecommerce that’s struggling versus an ecommerce that’s gaining traction. It is advisable to take a step-by-step course such as the Ecommerce Business Blueprint before you get started. Also, check out Ecommerce 101 articles.
18. Business Idea: Amazon reselling
Amazon reselling is another proven idea that you can start. It is possible to succeed as a solo entrepreneur in this field. Alternatively, you can create a team and turn it into a bigger business venture. Presently, 85% of Amazon sellers have successfully managed to run this venture on their own without a team.
The features of the FBA (Fulfillment By Amazon) are designed to make it easy for anyone to resell. Still, Amazon is a competitive platform, and you need to learn as much as you can before venturing into it.
You can find detailed stories of people who’ve landed riches are resellers for Amazon and eBay.
19. Business Idea: Local Business Consulting
This profession is one of the best business ideas that you can have today. It entails utilizing your experience, professional skills, and certifications to help companies that may need your services. Whether you are an SEO expert, online marketer, sales expert, sales professional, there’s likely a business that’s willing to pay you for your services. There are online business courses that can help you build your skills and master how to land your first clients.
You can target some businesses and send them a cold email explaining what value you’d bring to the company. Check out this 18-step checklist to becoming a consultant as a side hassle.
20. Business Idea: Nonprofit work
The beauty of nonprofit work is that you get to focus on something close to your heart. If you want to affect lives while being rewarded with fame and influence positively, you can start identifying an area or niche that interests you. Nonprofit business ideas that can positively impact society include green-living, elderly care, tree planting, and preservation, plus so much more. It will help if you take a course on how to start a nonprofit business.
21. Business Idea: Commission Only Sales
If you love connecting with people and have a passion for taking risks, then a commission-only sales job may be ideal for you. It is quite common for startups to have part-time and commission only-sales people, especially when they are just starting out. You begin by developing your sales strategy and perfecting your cold-calling skills. Some of the books you can read on this include Secrets of A Master Closer and To Sell is Human. You can also immerse yourself in online courses like Sales Training and Prospecting on Udemy to Pitching and Selling to Clients. You can check out AngelList for sales opportunities that align with your interest.
It would best if you started this business idea as a side-hassle as it will give you the flexibility to pursue other options.
22. Business Idea: Sell custom printed products
Custom printed products such as t-shirts, phone cases, and personalized gifts are another rewarding business. If you have an affinity for creating visually appealing designs, then this is an ideal venture for you. Printful is a great plaftform to utilize when looking to sell custom printed products. It simplifies the process of creating personalized items.
23. Business Idea: Affiliate Sales & marketing
Affiliate marketing is an excellent idea if you have an established website that’s generating high traffic. This is a great way to make passive income. According to a survey, 9% of publishers have made more than $50,000 in affiliate income in 2016. 65% have made 5% to 20% of their annual revenue from affiliate marketing. You can start by joining an affiliate network such as ShareASale, Clickbank, Rakuten, and Skimlinks. There are case studies of people who transitioned from starting a blog to making money on the same thanks to affiliate marketing.
24. Business Idea: Garage sales
Garage sales are a time and tested way to earn income. This job requires you to find items around the house that aren’t being used and selling them. What makes garage sales appealing is that you can do it as a family. If you have kids, you can encourage them to develop their entrepreneurial skills by holding garage sales.
25. Business Idea: Start A Cleaning Service
Cleaning services are in demand as people don’t have time to clean their houses, offices or cars. If it is something that can get dirty, there’s a high chance that someone is willing to pay you to clean it. Therefore, this is a business venture with a variety of opportunities to either target the consumer niche or the commercial niche. You can build a highly profitable business from providing a cleaning service.
26. Business Idea: Phone case business
Mobile accessories are a growing business with plenty of handmade sellers making six to seven figures from it. You can pursue this entrepreneurship idea as a side-business using turnkey solutions from Case Escape. Moreover, ready-to-go kits will give you all the tools you need to start a phone case business. Once you make your phone cases, you can sell them on Etsy or Amazon Handmade.
27. Business Idea: SAT Tutor
This business idea is for those who had no trouble with standardized tests and easily aced the SAT or ACT, or any other college exam. Tutoring can become a great business, as parents are willing to pay for a tutor.
You can earn as high as $100/hr. Similarly, there is plenty of work from home jobs that pay you to help kids with their homework.
28. Business Idea: Travel business consultant
Do you love traveling? If you are a person who loves browsing Lonely Planet and reading about all the best travel destinations, then you can consider carving out your niche as a travel consultant. You can start building your business with word of mouth recommendations from friends and family members who are willing to support your business. You can also create a Facebook or LinkedIn Group, where you invite people to check out your latest deals. A travel blog is a great idea; just be sure to cover all the relevant topics and work towards building a successful blog.
29. Business Idea: Software Educator
The demand for software educators continues to grow as new software is continually being launched. This business idea entails training people in office production applications. This job comes with the perks of occasionally traveling and is particularly good for you if you are a ‘people-person.’ You have to be skilled in training and development. Moreover, you must have certification in specific software to qualify for this job. You can promote your skills online via social media. Alternatively, you can focus on building a blog that will help you build traffic and thereby attract clients to your business.
30. Business Idea: Video Production
Video production is a popular opportunity that you can start with little capital. There’s plenty of chances in this venture as video consumption is high; for instance, 85% of internet users in the U.S consume content monthly. You should start by learning about all the video production business ideas to discover which one you would do well.
31. Business Idea: Social Media Manager
Social media has become an integral part of our everyday lives. As more and more people use social media, companies are seeking people who will help them build their online presence. You can find opportunities on Upwork or Flexjobs. Over time as you build your reputation, you can extend your services to other high-paying jobs such as running Facebook Ads.
Focus on building your social following and creating your brand as the owner of WeRateDogs. You can start by running the job as a side-business, and overtime, you can turn it into a full-time business.
32. Business Idea: Become A Personal Trainer
This job will require you to gain some experience, licensing, and training. Once you get them, you can advertise your services online or in public places such as the grocery store or restaurant. Similarly, a website can help you build your reputation online. You can use your website as a platform for creating relevant content that helps your target audience view you as a thought leader in the niche. There is plenty of room for growth in this industry as a growing number of people have become health conscious and want someone who will help them get into shape.
33. Business Idea: Refurbish Used Electronics
Many people are throwing away their faulty laptops, mobile phones, and other electronic gadgets without fixing them. If you have a knack for repairing electronics, then you can consider setting up a side-business where you refurbish and resell.
The refurbished electronic market is a booming market that’s valued at $10 billion. This expansion is because a growing number of people have realized that refurbished electronics can affordable and can offer quality performance. So this is a worthy business idea that can help you make six figures.
34. Business Idea: AirBnB Host
Airbnb is a great way to earn money from your living space while still meeting new people. You can rent out an entirely new apartment on Airbnb. This business idea requires you to be actively involved in managing the rental. You can increase the money you earn by offering your guests add-ons and personalized experiences. Airbnb can begin as a great side hassle, which can turn into a full time successful business.
The Bottom Line
Now you know 34-business ideas that you can successfully build. No doubt, each of these ideas has its own challenges and possible risks. You will have to make sacrifices, especially if you choose to develop them while still working in your 9 to 5. Yet once you build your business, you will reap the lifestyle benefits that come with being your boss.
How do you know which business idea is good for you? You start by figuring out which need or problem you could become most passionate about solving in the market. Take a notebook and pick out business ideas that you feel that you can comfortably handle.
Suppose you are worried about increasing profits while maintaining workload. In that case, you might want to start with any of the entrepreneurship ideas mentioned here, as they have proven to be successful. Overall, go for a business idea that you will enjoy working on because that will lead to stability and success.