Looking for a great business idea? These ideas will help you start and grow a successful business
If you are planning to start a business, it is important to consider the new general situation. The COVID-19 pandemic has made a lot of changes in the way people consume products and services. If setting up a retail or restaurant is already a good idea, it’s best to reconsider these ideas until you see how they work next year.
Instead of more traditional companies, think of those who can now support people’s lifestyles. No matter what kind of business you do, you want to create a good business plan, but many of the ideas on this list only require the approval of your credit card processing partner to initiate payments.
- Choose a business idea that you are aware of and passionate about.
- Before you start a business, find out if there is a demand for what you want to offer.
- This article is for anyone looking for an idea to start a business.
You know you want to start a business, but you have trouble expressing your thoughts. If you want to become an entrepreneur, it is important to start with a good business idea. You just need a little inspiration. It all starts with an idea that has room to grow over time.
This list of business ideas includes 20 major business types to help you find success and beyond
Top 20 Great business ideas
If you’re ready to run your own business, consider any of these great business ideas.
1. Online teaching
The demand for e-learning has opened up a wide opportunity for entrepreneurs to start their own projects. Because this is an online business idea, you can choose any topic you know about and teach the course regardless of your location. If you do not have advanced knowledge on a particular topic, you can always consider teaching English as a foreign language online to students abroad.
2. Freelance copywriter
If you are a natural dictionary with little marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, online content, or press releases, many companies pay for your services. You can increase your value by bringing search engine optimization skills to the table so that customers can plan a strategy to attack specific keywords that your target audience is already using in their online searches. Most freelance copywriters charge $ 40- $ 50 per hour, but experts in a particular field may charge even more.
Freelance copywriting is a great company because you can work as long as you have an internet connection. It’s a company you can run from the comfort of your home or even on the road if you’re traveling. If you set up a large enough network and get testimonials from satisfied customers, you can even write freelance writing for your full-time job.
3. Real estate agent
For many, moving into the housing market is overwhelming. As a real estate agent, you can help people find the home of their dreams at a price that fits their budget. In many states, you simply have to complete a few months of classes and pass an exam to become a real estate agent. Even with certification, you can’t get anywhere without basic skills, so if you’re not human, this may not be the right route for you.
4. Medical courier service
If you have a reliable vehicle and good time management skills, you may want to consider creating your own courier service – more specifically, a medical courier service. As a driver, you would be responsible for transporting medical supplies such as laboratory fillings, prescription drugs, and equipment. The healthcare sector is expanding, which is good for the stability of the work of the medical courier service. You can start a courier business alone or hire other drivers to work for you.
5. Transcription service
If you have a good ear and can write quickly, transcription is a great business idea that allows you to work flexibly from home. Medical transcription services are especially needed as speech recognition technology increases due to dictation by healthcare providers. If you don’t want to start all at once or want to continue your day job, you can accept as few or as many transcription jobs as you want. If you want to improve your business opportunities and get more billing, consider writing a certified transcript and check out a few specialties.
Medical transcriptionists typically charge 6 to 14 cents per line of transcription, which can grow rapidly. The typical turnaround time for a transcription job is 24 hours, so it’s important to stay on top of the jobs you accept. The flexibility to accept only a few startup requests means you can expand your features, making transcription easy to start slowly. Best of all, start-up and overhead costs are very low. All you need is a computer, the right software, and a secure messaging service.
Read: Digital Transformation Financial Services Specialties
6. Online reseller
Those interested in clothing and/or sales may consider setting up an online retailer. While it takes a lot of time and dedication — and we look at fashion — it’s a good idea to start a branch and become a full-time retailer. You can start by selling your unwanted clothes on eCommerce sites like Poshmark and Mercari, and eventually expand your retail business.
If you are aware and passionate about a particular topic (business, social media, marketing, human resources, leadership, communications, etc.), starting a consulting business can be a lucrative option. You can start your consulting business alone, then grow your business and hire other consultants over time.
Not all companies that sell goods store them on site. In dropshipping, people who use e-commerce sites go to a third party to fill out all the orders. The third party is likely to be a wholesaler or other storage and transportation company. Low inventory and the tools needed for dropshipping make it a particularly good starting point if you are concerned about overhead and physical condition.
9. Online bookkeeping
Like education, technology enables many accounting services to be performed online. If you are an accountant or an accountant who wants the freedom and independence of their own business, you can take advantage of modern technology and set up your own online accounting service by hiring other companies as clients.
10. App developer
If you are knowledgeable and experienced in technology, you may want to consider a career in application development. Smartphones have become an everyday accessory for many Americans, which has increased the demand for mobile applications. Similarly, virtual reality software has become popular in recent years, so there is also a demand for VR application development.
11. Professional organizer
Looking for a business idea that can really “bring joy”? Professional organizers like Marie Kondo help people survive and minimize their livelihoods. In the age of materialism, many people desperately want to reduce their possessions and take possession of them instead of giving power to their objects. Minimalism is becoming very popular, but people often find it difficult to differentiate from things they have owned for a long time. Some professional organizers help clients develop a system to minimize and keep things that way.
If you are a well-organized person who enjoys the functionality and comfort of the facilities, you may be good at coaching others to do the same. People pay you to help them develop a method to minimize wealth and then maintain organized space. You can promote your business by asking if your customers allow you to take pictures before and after of the areas of your home that you have organized and using them to create a portfolio that you can put on social media to attract more customers.
12. Cleaning service
If you like cleaning, you can easily make it a business. With a few staff, cleaning equipment, and transportation services, you can provide cleaning services to homeowners, residential complexes, and commercial properties. Most cleaning services charge $ 25- $ 50 per hour. Cleaning services are simple businesses that require relatively little overhead. all you need is planning, dedication, and marketing to get your business’s attention.
If you want to stand out from other cleaning services, add accessories such as floor waxing or external electric washing. These services can be a crucial factor between your new cleaning service and experienced companies that maintain too large a customer list to provide such cleaning.
13. Rideshare driver
If starting your own business feels intimidating or too risky, you can always use the car as a driver. The overhead costs and responsibilities of running a business are part of the rideshare service, giving you the freedom to work as much or as little as you need. Rideshare apps like Uber and Lyft have allowed people to start side activities that pay well and only require more than the desire to direct people to their destination and have an occasional friendly conversation.
Rideshare drivers have an independent small business owner without a heavy workload behind the scenes to manage logistics. If another business idea seems to require too much effort or upfront capital, sharing a ride can be a great way to immerse your toes in the world of entrepreneurship.
14. Digital marketing
The importance of the Internet is growing day by day, making it increasingly difficult for businesses to mess up and market themselves. Digital marketing services are always in demand, and many small and medium-sized businesses prefer to outsource them rather than set up an expensive in-house team. If you have Search Engine Optimization, content marketing, pay-per-click, web development, or social media management, you may have a business opportunity that allows you the freedom to work from home.
Digital marketing is an important part of a brand, so you need to respond to the evolution of customers ’marketing strategies. Managing social media requires tracking comments and messages around the clock, not just scheduling messages for “set and forget” thinking. If you want to plan and execute your plans carefully, digital marketing may be the right business for you. You may also want to become an affiliate marketer, which is another form of digital marketing.
15. Translation service
According to a study by IBISWorld, the translation services sector declined in 2020, as did many sectors; however, it is projected to pick up well in 2021. This projected growth is not surprising as the internet has opened up entrepreneurs from other countries to the English-speaking market and vice versa.
This trend has made it possible for multilingual speakers to offer specialized services such as translation of documents and translation of website information for use in other markets. If you speak multiple languages, creating a niche for the translation industry can be a successful endeavor.
16. Home care service
A care and hospitality background can help elderly people living far away at home who need home care. It is also a service whose demand is only growing. According to the National Institute on Aging, the population aged 85 and over is projected to grow by 351% between 2010 and 2050, and the global number of centenarians (over 100) to increase tenfold. Many often need care and help at home.
Fortunately, you don’t need a healthcare background to help seniors and grow a successful business at the same time, although there is certainly a demand for these skills. Many seniors need help with all sorts of things to fix their homes. If you have experience, you may want to become an entrepreneur so that seniors can move from their home to an assisted living area, for example, by packing, transporting, locating, or storing furniture and property.
17. Food truck
Because indoor dining is limited in many places, aspiring restaurateurs can succeed with a food car. Food cars come in all kinds and sizes and offer a wide range of snacks and dishes. Take your favorite food on the trip and sell your culinary passions directly to hungry customers. Sure, you work, but you’re in a passionate state and you can connect with people with similar interests.
Food cars may sound like a wild idea, but the industry is growing. The overhead costs and maintenance of a truck cost significantly less than owning a restaurant, and you get the added benefit of mobility
18. Lawn care service
If you grew up on the lawn, your parents have probably forced you to take care of it. For many of us, lawn care is embarrassing, but it offers a sense of peace and serenity. Working outdoors by hand to tame and beautify the natural landscape can be a rewarding experience, and because so many people find work stressful, it can also be rewarding.
Lawn care services require only a few basic types of equipment, a trailer, and maybe some staff depending on how many clients you have and how much work you have. You can quickly grow a small lawn care service into the perfect landscaping business by offering premium services and building a reputation as a brand that does a thorough job with a smile. If you want to work outdoors and create stylish landscapes, this may be the right business for you.
19. Graphic designer
Businesses, small businesses, and sole proprietors all need eye-catching promotional material, but almost not everyone sees what looks good. If you have an artistic line and know how to organize your content in a visually pleasing format, you can set up a graphic design company to provide brochures, digital ads, posters, and other interesting visual material. Another advantage of graphic design is that it requires little physical tools in addition to a laptop and desktop.
Read This: How To Start Graphic Design Business In India-10 Easy Ways to should
20. T-shirt printing business
What are the most successful small businesses?
Small businesses that use website design, a subset of digital marketing, sell the most and produce the most. People now learn about businesses on the Internet more often than in other ways, so finding customers and a steady stream of income is usually not difficult. Cleaning services and real estate companies are also doing well, which makes sense – all people need an apartment and keep it clean.
What would be a good small business to start?
If you’re concerned about maximizing profits and minimizing workload, starting a good small business can be anything that most often proves successful. However, if you are more interested in incorporating your passion into your work to earn enough money to live, a good little business to start is anything that will satisfy you, require you to use your skills, and provide you with a good work-life balance.
There are so many good business ideas that there is no objectively correct answer to this question – you know better than anyone which small business ideas will bring you happiness, success, and stability.
How do I start a small business from home?
Home businesses are usually the most convenient and manageable small business ideas. However, not all great business ideas are suitable for home offices, so make sure your business can be run from home — jobs with on-site needs and high personal requirements may not be appropriate. Be sure to include in your business plan and budget all the office supplies and tools that make your online business ideas feasible, such as a separate business computer, the right desktop, high-speed internet, filing cabinets, and a website for your business.