Starting your own small business is everyone’s dream. Owning a small business gives you the independence and freedom to be your boss in establishing an empire from scratch.
“When all fails, only hard work succeeds”
The definition of the best small business idea is very subjective and depends on a lot of underlying conditions of the market, demography, and demand. Well, let me first clarify. No business is straightforward, and making a business profitable and sustainable requires a lot of hard work. Here we have helped you out a bit in this endeavor. We have compiled a list of small business ideas that you can choose from. So read on and find out which one suits you the best
One cannot overemphasize enough on how blogging is the number one way to earn online with zero to low investment and unlimited earning potential. A few years back, blogging was just another hobby that some people did besides working full-time jobs.
Today, blogging still functions in that way, but a lot has changed. In 2020, blogging has become a profitable online profession and people at large started a blog to get into this noble profession. If you have a skill and have some expertise in it, then you could probably share it with others through Blogging. Hundreds of platforms will help your blog.
Blogging Revenue Is A Function Of Traffic.
– Write consistent, high-quality content. Stick to your niche. Create SEO-friendly articles to increase traffic. Get paid via AdSense, promotions, and collaborations.
Taking blogging as a small business idea can fetch you up to 10k-100k Doller per month.
2. Affiliate Marketing
Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate searches for a product they enjoy then promote that product and earns a piece of the profit from each sale they make.
Affiliate marketing is one of the growing fields amongst our internet generation that enables users to earn commission by marketing or selling some other site’s product on their blog or website.
What you’ll do?
Promote other’s products/services on your website or YouTube channel, Get paid your off the share for each product/service purchased via your link, and Get paid your percentage(%) of the share for CPA (Cost Per Action) affiliate programs.
Steps To Affiliate Marketing Success
Create solid content, Track your success, Know your products, Engage your visitors, Concentrate on one niche, Provide information and help, rather than sell, Choose the right products, Always be testing and improving, Dedicate the time, and Set the proper expectations.
Taking affiliate marketing as small business ideas can fetch you 50k $ plus per month.
3. Virtual Assistant
A virtual assistant is a self-employed worker who specializes in offering administrative services to clients from a remote location, usually a home office. Typical tasks a virtual assistant might perform include scheduling appointments, making phone calls, making travel arrangements, and managing email accounts.
Various companies like Amazon and eBay are on a constant hunt to hire virtual assistants to help them out with providing technical and manual support to their customers.
Virtual Assistant Must Have Skills
Word Processing skills. Word Processing is a basic virtual assistant task that is almost always done by virtual assistants and is rarely left out, Oral Communication and writing skills, Computer skills, Self Motivation and Discipline, Quick Thinking and Effective Decision Making, Last, Love for Continuous Learning.
What you will do?
Answer simple customer queries. Get paid on an hourly, weekly, or monthly base.
Having virtual help as the best small business, you can typically earn up to $ 1k per hour.
4. Organic Farming as a small business
Organic products contain a high level of minerals, vitamins and antioxidants than conventional farm food grown with fertilizer. An organic diet excludes toxic chemicals and genetically modified organisms (GMO) as chemical fertilizers and pesticides are not used while growing the crop. If you have some land, you can think of starting organic farming.
You need to do some study and get a professional’s advice before starting this business. But it can never go wrong with people across the country becoming more and more health-conscious.
How to start up an organic farm [what you’ll do?]
- Research your target market
- Conversion to an organic farm.
- Organic versus conventional.
- Price your produce.
- Estimate your sales.
- Market your produce.
- Buy an existing business.
5. Social Media Manager
Social media managers are to represent a company across social channels as the sole voice of the brand. They respond to comments, compile campaigns, and create content. These experts provide organizations with the guidance needed to enhance their online presence.
There are a few essential elements of social media management that you need to understand, which can quickly be done via Google. Start managing social media handles for companies and individuals as your side hustle.
Essential Skills of a Social Media Manager
- Strategy planning.
- Tactics and execution.
- Community management.
- Understand how content works on a social web.
- Optimizing content and technology.
- Creative mindset.
- Writing skills.
- Be on top of the latest digital marketing trends.
What you’ll do?
Create engaging content for social media handles, Be updated with the latest social media trends, Add relevant hashtags, Increase the following and reach of the social media handles, and Interact with potential customers on DM.
As a social media manager, small business ideas can fetch you around10k to 50k $ per month.
Have a professional DSLR camera and know all about the photo editing software? Start building portfolios for aspiring models and cover events in return for a decent profit margin.
What you’ll do to learn photography:
Join photography clubs
Build a network
Popular Types of Photography
- Portrait Photography-Portraiture is arguably one of the most popular photography styles.
- Still Life Photography.
- Landscape Photography.
- Food Photography.
- Sports Photography.
- Wildlife Photography.
- Macro Photography.
- Event Photography.
- Being another one of the best businesses, you can earn anything between 50k to 100k $ per month.
7. Online Course sells for business
Prepare an easy-to-comprehend and visually appealing online course in your particular niche, be it learning the basics of photography, how to write an essay for school, etc., and spread the word for its promotions. Like traditional teachers, online teachers must incorporate engaging, active learning into their lesson plans and course material.
Some skills that these courses or programs emphasize for online teachers can include student group work, online assessment, copyrighted material, Internet resources, and course mapping
What you’ll do:
Create an informative online course using video, audio & comprehensible content
Promote online courses via ads or affiliate marketing
Gain passive income through subscribers
Having a successful online course can fetch you up to 10k $, making it the best small business.
8. Event Planner
Individuals holding experience in event planning through their volunteering experience, or even if you have active organization and communication skills, you can try your luck at event planning.
What you’ll do as an event planner:
- Plan and organize the event
- Coordinate between the caterers, organizers and everyone in between
- Manage the budget
- Hire volunteers and team
- Event Planning Skills
- Organizational Skills
- Networking Savvy.
- A Basic Understanding of Events
- Client-first Approach
- Negotiation and Budgeting
- On average, an event planner can earn around 50k $, being small business ideas.
9. Small Business as a Makeup Artist
If you’re thinking of becoming a makeup artist, you’re probably looking for a makeup career with a decent salary outlook so you can make a livable wage. … But makeup artistry is a very broad field, and certain careers within the makeup industry will definitely be higher-paying than others.
This one goes higher in investment, but the returns are limitless. If you have the skills or have learned makeup professionally, you can be a full-time makeup artist with a rising return rate with each session.
What you’ll do as a matchup artist:
- Expand your network
- Propose different makeup schemes
- Do makeup for different occasions and according to the client’s requirements
- Depending on the number of clients you get each month, as the best small business ideas, you earn up to 20k $ from each client.
10. Content Writing as a small business
This is probably one of the best business ideas for earning online. Huge companies like Infosys, TCS, Wipro to mid-level media, startups to bloggers and websites, and more, everybody everywhere needs content. In the upcoming years, content creation and distribution are going to be in even greater demand than today. If you have a team of video creators, editors, podcast recorders, writers, photographers, and other kinds of content creators, then you stand a chance of making it big in the content industry.
What you’ll do in the content writing business?
- Here, the investment is pretty small, but the earnings is significantly huge. The only investment you need to make here is your time, skill, laptop or a desktop, and internet access. And start writing.
- Skills Every Great Content Writer Needs
- Strong Research Skills
- A Solid Understanding of SEO
- Organizational Skills
- The Ability to Get Focused
- The Ability to Meet Deadlines
- Editing, Editing, and More Editing.
- Earning: INR 10,000 to INR 60,000/month.
11. YouTube as a small business
Start your own YouTube channel in your niche, be it fashion, vlogging, travel, tech, etc. and to earn higher rewards with the ads as the views rise.
What you’ll do as a Youtuber:
- Create consistent, high-quality content
- Create engaging videos
- Interact with your following on social media
- Work on collaborations, promotions and sponsored content
- You can earn up to 100k $ to 200k $ monthly as a YouTuber.
12. Dog Walker
Who doesn’t love dogs? Imagine getting paid to walk someone’s dogs and work on your side hustle while playing with the furry little adorable creatures.
What you’ll do as a dog walker:
Walk and play with cute dogs in return for cash. How cool is that!
As a dog walker, you can earn up to 20k $ per month.
13. Warehouse for Ecommerce sites
If you hold a decent-sized garage or some spare space available with you, you can use it as a warehouse for eCommerce websites to store their products.
What you’ll do for the warehouse for Ecommerce:
Allow e-commerce sites to store their stuff in your spare space
Wait for your monthly warehouse rent
Having a warehouse for eCommerce can fetch you up to 100k $ per month as small business ideas.
Thank you for your time.