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- / 82 Best Business Ideas For New Entrepreneurs [2023...
82 Best Business Ideas For New Entrepreneurs [2023 Edition]
Small businesses often fill a need or solve a problem. If you pinpoint an unmet need and define its target prospects, you have a viable business idea for 2023.
By: Akshat Biyani Business Analyst
Technology has made starting your own small business easy, affordable, and possible. All you need to start a company online is a phone, a computer, an internet connection, and a domain name .
The biggest challenge, however, is coming up with a viable and unique small business idea.
Ideally, a perfect small business idea should fulfill three important criteria:
- It should be something you like doing,
- It should be something you are good at, and
- It should be something that is in demand (i.e., people would pay for).
To help get you started we’ve come up with a list of online– and offline-based profitable business ideas that are easy to start and in demand.
We have categorized each idea as follows:
|Business type||Online or Offline||Is this opportunity available in the real world or in cyberspace?|
|Investment||Low or high investment||How much money does it cost to start this business?|
|Earning Potential||Low or High value||How much can you realistically expect to earn?|
We also indicate which ideas are well-suited to (1) stay-at-home moms and dads (2) undergraduate students and (3) teenagers and kids.
- What Are Good B2B Business Services Ideas?
1. Online Bookkeeping
Just like so many other professions, bookkeeping has gone online. This is great news for many bookkeepers and accountants who feel trapped in the office environment and long for more personal freedom and the ability to work during their own hours.
With easy-to-use accounting software and appointment-setting tools available, it’s never been easier to set up and manage client accounts.
- Business type: Online
- Investment: Low investment ⬇︎
- Potential: Low value ⬇︎
- Good for: Stay at home parents ✔
2. Business Broker
A business broker is someone who assists the transaction between buyers and sellers. They must have adequate training and comprehensive knowledge of business law and standard practices in their respective industry. Business brokers are rewarded with commissions for the sales they make.
- Potential: High value ⬆︎
- Good for: Undergraduate students ✔
3. Office Space Rental
Office sharing is a booming industry that’s largely driven by the needs of young entrepreneurs who are creating the next Google or Amazon.
If you already own a suitable property, then you will only have to bear relatively low startup costs. However, if that’s not the case, you are looking at a substantial investment.
- Business type: Offline
- Investment: High investment ⬆︎
4. Virtual Call Center Operator
Unlike regular call centers, virtual call centers often employ people from all parts of the world, who then make money by working from their homes. You can be sitting in your dorm room and the person you are talking to could still think that they are talking directly with someone who is physically present in the company.
- Good for: Stay at home parents ✔ Undergraduate students ✔
5. Language Translation
Despite the impressive advancements of machine translation, the demand for skilled translators is still very high and will probably remain so for quite some time.
You can start looking for work on platforms such as Fiverr or Upwork and slowly build your clientele. It’s also a good idea to directly contact popular bloggers or a freelance writing business and ask them if they would consider having their blog work translated into another language.
6. Importing Electronic OEM Gadgets
If you look at top selling items on Amazon or eBay , you will probably notice that many of them are imported. The formula is fairly simple: you purchase your initial inventory, create a brand, and then market and advertise your products online.
You can even use drop-shipping or Amazon fulfillment services to do the whole thing and increase your average order value without a physical warehouse.
- Business type: Online/Offline
- Good for: Stay at home parents ✔ Undergraduate students ✔ Kids & Teens ✔
7. Online shop
Opening an online e-commerce store is just as viable a way to make a living as it was a decade ago. Yes, the completion is tougher, but you have access to a wide range of free tools that you can use to set everything up with very little effort.
With a platform like Shopify and providers like Domain.com , you’ll get everything you need to create and launch an online shop, including Shopify’s new AI (artificial intelligence) “assistant” named Kit. Kit can handle most of your marketing for you.
- Good for: Stay at home parents ✔ Undergraduate students ✔ Kids & Teens
8. Affiliate Marketing
Affiliate marketers promote products made by other people and then earn commissions on their sales. Amazon is currently the most popular platform for affiliate marketing, but there are many alternatives as well. Affiliate marketing is often combined with blogging to create a seamless mix of content and promotion.
9. Data Analyst Consulting
With the rise of big data , an increasing number of companies need to make sense of heaps of information to adjust their overall business strategies. A data analyst is someone who has the technical expertise to do this and often has a background in economics, mathematics, or finance.
Data analysts who work for large international corporations can earn more than enough money to support extravagant lifestyles.
10. Digital Marketing Campaign Manager
Marketing has gone digital, and it’s the job of digital marketing campaign managers to produce the best results possible.
You can start your career as a digital marketing campaign manager by studying freely available online resources and experimenting on your own.
You’ll need to understand things like advertising , SEO, landing pages , calls to action, and social media management (including the use of Facebook and Facebook Live). Once you know what you are doing, try cold-calling local businesses , asking them whether they would be interested in your services.
11. Niche Website Owner
New trends start every day, and some of them grow to be pop culture sensations. Your job as a niche website owner is to capture the market before it gets too saturated.
Creating a niche website ( using WordPress ) will allow you to secure your place on the very top of search engines, resulting in thousands of daily visitors. Using a tool like StudioPress can make this even easier. Blogging will grow your audience.
Ready to begin? Step one is choosing the right host. SiteGround is one of our favorite web hosts and currently our top recommendation.
- Potential: High value ⬆
12. SEO Expert
Search Engine Optimization (SEO) is an absolute necessity for anyone who wants to be relevant on the web.
A capable SEO expert can turn a dying business into a prosperous operation in a matter of months. No wonder then that the best SEO professionals can earn as much as seasoned software developers.
13. Business Incubator
The role of a business incubator is to help new companies and startups plan and start small businesses successfully. A typical business incubator will provide clients with management training, office space, high-speed internet connectivity, and other necessities.
You don’t have to think too big – being a small, local incubator can be the perfect place to start.
14. Security Services
We live in turbulent times, so it’s no surprise that the demand for security services is rising at a steady pace.
Such security services can work either offline (home and personal security) or online.
The online side of things deals with identity theft, protection against doxing , or general information security.
- What Are Good Idea for Arts and Media Businesses?
Some self-published authors earn as much as $100k yearly . You can achieve the same kind of success — and all you need is a few freely available tools and the ability to write a compelling book that will sell.
Of course, you don’t have to earn six figures to succeed with self-publishing. Just a few hundred extra dollars every month can go a long way. Many self-publishers begin with freelance writing or a simple website, relying on web hosts like Bluehost to help them get started.
16. Social Media Consultant
This business is ideal for someone who knows how to use social media to obtain business objectives. You can specialize (e.g., in running ads on Facebook and other social media platforms) , or you can be a generalist social media manager who can navigate LinkedIn, Snapchat stories, Twitter, and more social media accounts. Social media tools make this management easier.
While some social media consultants can earn big bucks, most can only manage to earn an average wage .
17. Content Writer
Businesses of all sizes embrace content marketing as their primary way of attracting customers and establishing their position as market leaders.
A content writer should be able to quickly digest complex topics and turn them into engaging posts that are well optimized for search engines. As such, it’s great for people who know a little bit about everything .
Podcasting is a fantastic way to make a few bucks on the side for anyone who deals with interesting or niche topics that are suitable for this format.
Do you like video games or ethnic music? Interested in startups and entrepreneurship ? There are definitely plenty of people just like you, who would look forward to hearing your show on their way to work or school.
Blogging is alive and thriving in 2023. It’s still free to get started, but you must be patient: it will take a while to get exposure and grow your audience. These days, the competition is fierce. There are over 1.90 billion websites and over 200 million are active . Good knowledge of SEO is essential, as is the ability to create excellent content.
If you need a platform for blogging, you can easily create your own website with an affordable web host like Dreamhost .
20. YouTube Stardom
PewDiePie is one of the biggest YouTube stars with over 111 million subscribers. His journey to stardom started in his room with a humble webcam and one simple Let’s Play video, which he does to this day.
Beyond live game streaming, there are still vast, unexplored seas filled with opportunities for anyone on YouTube who dares to go after them.
21. Handmade Goods
If you are a crafty person, you should take a look at Etsy , the largest online market for homemade and vintage goods.
You will find an amazing mix of leather wallets, lamps made from river wood, unique hand-printed t-shirts, jewelry, organic soup, and countless other things. Top sellers often expand beyond the platform, creating their own brands and opening stores across the globe. Keep in mind that you can sell your products on more than one site, including platforms like Shopify and BigCommerce .
22. Antique Refurbishment
If you like working with wood and beautiful, valuable objects in general but don’t have the creative talent to make your own, antique refurbishing could be your ticket to success.
Depending on what you do exactly, you don’t need to invest a lot of money to get started, but you will need to travel across the country to get the best pieces on which to work you can.
23. WordPress Themes
Are you a web developer or designer who earns passive income from a side business? If so, creating WordPress themes might be the right path for you. You can sell your themes on websites like Envato Market .
Once your theme is finished, you will still need to provide customers with ongoing support and continue to work on updates, but you can do so when you please.
24. Makeup Artist
This profession is one of the few that you can start working on in your bedroom and end up on the set of a Hollywood movie just a few years down the road.
What’s more, makeup artists can take advantage of platforms such as YouTube and make their content visible to billions of people from all over the world.
25. Image Consultant
You are probably wondering who needs an image consultant . Many companies and individuals rely on their images, making it worthwhile to hire someone to manage theirs.
The best image consultants are people with a proven track record of success, and inside knowledge of their particular industry.
These days it’s easy to start an e-magazine ; you can outsource everything online and act as the chief editor.
The subscription model allows you to know exactly how much money you will make the next month, and the global nature of the web gives you a very large audience to target.
27. Drone Videographer
If you like piloting drones, perhaps you should consider working as a drone videographer . You get to go to interesting places, meet cool people, and eventually develop a portfolio that could land you a job in Hollywood or a high-paying company in the real estate industry.
Professional drones are very expensive, but you can start small with a mid-sized drone and a GoPro camera and go from there.
28. Graphic Design Artist
A graphic designer may create digital or print design work, like website design and print layouts. Many freelance graphic designers work small jobs (like logo design) on gig websites like Upwork . Competition can be fierce.
You can expect to make anywhere from $15/hour to $300/hour. Developing an impressive portfolio can help you earn more.
29. Subscription Service Owner
The main advantage of the subscription model is its predictable nature.
As the number of your subscribers rises, you will know exactly how much you can expect to earn every month.
The largest subscription services in the world are well-oiled machines that generate hundreds of thousands of dollars in revenue.
- What Are Good Education-Related Business Opportunities?
30. Language Teacher
For a long time, language teaching has been the go-to side business to make money for students and even full-time high school or university teachers. Now, with Skype and ubiquitous internet access, everyone can start teaching languages from the comfort of their home.
You don’t even have to know any foreign languages yourself – there are many advanced learners who are happy just to practice their conversation skills.
31. Online Teaching
The success of Khan Academy , a non-profit educational organization created in 2006 by educator Salman “Sal” Khan, has proven the efficacy of online teaching and paved the way for talented educators and their students.
You can sell your expertise as video content on YouTube, or create your own website and charge your students on an hourly basis for Skype lessons.
32. Online Course Creator
One of the most popular platforms where people can access massive open online courses ( MOOCs ), Coursera , has more than 100 million users , who are hungry for knowledge. Such courses go far beyond the traditional high school curriculum.
If you have any skill at all that you think people might be interested in, there’s nothing stopping you from giving it a go. All it takes is a web camera, capture software, and basic editing skills.
- What Are Good Hospitality and Food Services Business Ideas?
33. Hostel Owner
With services like Airbnb, everyone can turn their house, garage, or just a single room into a unique accommodation for tourists and travelers from all around the world.
The platform takes care of the initial exposure and provides a way for owners and clients to communicate. If you happen to own a house in a very attractive destination, you can even expect to earn good money .
34. Event Planner
The internet has enabled people to connect with like-minded individuals from across the globe, creating the best small business opportunity for event planners .
Event planning requires organizational skills to manage an event like a wedding or a trade show. Money can then be made from entrance fees, sponsorships, on-premise sales to attendees, and more.
35. Food Truck
Do you like to cook and always like coming up with new, creative ideas? Then opening a food truck might be just for you.
Even if you can hardly make tea, you can still get in the food truck business. Simply hire other people to do what you can’t or are not willing to do yourself and become the brain of the operation.
36. Catering Business
These days, starting a catering business is all about finding the right niche. You can specialize in any type of food you like, any type of clients, and any type of venue.
Perhaps you would like to cater to young professionals who want to organize networking events, or you would like to be known as the go-to caterer for children’s parties – there’s nothing stopping you.
37. Craft Beer Brewing
Producing small amounts of beer has recently turned into a popular hobby and fantastic business opportunity.
You will need to invest in equipment, acquire the necessary knowledge, and possibly even employ a handful of people to help you with the entire initiative. But seeing the finished product being served to customers in your favorite pub will be a wonderful reward.
38. Espresso Cart
Your first espresso cart could be a start of a much larger business. The key is to not actually spend your time selling the coffee and, instead, employing someone else to do the job.
You can then focus on growing your fleet of espresso carts and moving the business in the right direction .
- Business type: Online / Offline
39. Gluten-Free Bakery
Just like a regular bakery, only gluten-free ! While starting a very small home bakery won’t cost you much, a larger commercial operation is expensive.
Luckily, you can get the necessary equipment for a competitive price if you search for used commercial components online. Learn how to use blogging to increase awareness of your business and grow revenue.
40. Organic Vending Machines
Vending machines are not exactly in vogue, but there’s still one niche that could end up being extremely profitable: organic vending machines. Where else can you get your favorite granola bar at any time of the day?
This business is most suitable for high-traffic areas in affluent parts of larger cities.
41. Guided Tours
Are you situated in a popular tourist destination? If so, you may consider yourself lucky.
Starting a guided tours business can be a good opportunity. You can use it to make extra money during the summer, or it can be the start of a much larger business that employs other people to work as guides . Consider setting up a website that enables people to book tours online.
42. Organic Food Catering
Organic food catering is such a popular and lucrative niche in the catering business that it deserves to be mentioned on its own.
You should establish close ties with local farmers to ensure a steady supply of organic products. Then it’s just about acquiring the right equipment and marketing your services.
43. Organic Café
Being an owner of a small café definitely sounds like a wonderful experience. In fact, the only thing that sounds even better is being an owner of an organic café.
The main advantage of organic cafés is that you can charge premium prices for the items on your menu.
- What Are Good Technology Business Ideas?
44. Mobile application developer
Mobile applications are more popular than ever, and people are willing to pay good money for ways to manage their lives from their smartphones.
If you have a great idea and know how to code, you can run with it and create your app yourself.
If you just have an idea and need graphic design, there are plenty of software developers looking to collaborate with people on app creation.
45. Custom Drone Builder
After a teenager won $250,000 by piloting his drone to victory in Dubai’s World Drone Prix, the first global drone-racing event in history, it’s clear that this new sport will be huge in the future.
Because professional drone racers need professional custom-built drones, now is the perfect time to establish your name as a custom drone builder .
46. VR/AR Application Developer
The virtual reality software market is expected to reach $29.17 billion in revenue during 2022-2026 . A good chunk of that revenue could be in your pocket.
All you have to do is learn how to develop immersive VR and AR experiences . The internet is full of resources and communities of like-minded people to help you along the way.
Video: Get an introduction to virtual reality by creating a VR app for Android in 15 minutes.
47. IoT Service Provider
Likewise, the Internet of Things (IoT) is expanding at a rapid rate, and it appears that soon every device will be connected to the cloud. Businesses and organizations of all sizes will need someone to provide them with the necessary infrastructure, hardware sensors, and continuous support.
48. VR Arcade Owner
The very first batch of VR arcades is just starting to pop up in some of the world’s largest cities.
Virtual reality is the perfect fit for arcades and could really bring a new life to this dying business. The technology is still not 100% there, but it probably will be soon .
49. Indoor Drone Racing
Drone racing is expected to be a multimillion-dollar sport within the next few years.
If you have a suitable indoor venue where you could host races or let people practice their flying skills , you should definitely consider giving this business a try. Additional income could be made from posting the footage online.
50. Electric Charging Station Provider
Electric vehicles are the future of transportation and electric vehicle charging stations are the backbone of this revolution.
If you own a highly frequented property, you might consider installing a charger and offering it to EV drivers for a small fee.
51. Energy Auditor
Green energy solutions can lead to dramatic savings, allowing some people to completely drop from the grid .
As an energy auditor , you will help businesses and individual home and apartment owners find ways they could decrease their energy footprint as well as their monthly bills.
52. 3D Printing Services
3D printing is taking the world by storm, and you can be part of this revolution if you just invest in a high-quality 3D printer and offer it to other people.
They will simply send their projects for you to print and then come to pick them up or have them sent to them in a box.
If you’re experienced in a variety of software platforms, you’ll likely pick up 3D printing without serious challenges.
53. E-Bike Repair Services
E-bikes are finally starting to become affordable for the average consumer. But most traditional bike shops lack the necessary expertise that would allow them to service the often complex electronic components found inside.
If you feel up to the task, this could be a tremendous opportunity to become the biggest player in your local area.
54. Web Developer
As long as there will be a web, there will be a need for web developers.
Taking low-cost courses online is a good place to start.
55. SaaS Business Owner
Software-as-a-Service is a business model in which software is licensed on a subscription basis and is centrally hosted.
It has the advantage of predictable monthly revenue and complete control over the entire project. But it takes time, skill, and effort to develop SaaS software.
56. Smart Home Contractor
Modern smart home solutions can do everything from remotely controlling light bulbs or air-conditioning in your house to a health-monitoring application on your smartphone.
Because the possibilities are virtually endless, it takes someone who understands the industry to come up with the best solutions possible.
- What Are Good Personal Services Business Ideas?
57. Barbershop Owner
For many barbers, opening a barbershop seems like the ideal next step in their careers. However, only experienced barbers should consider opening a barbershop.
The median barbershop owner’s salary is the same as the median barber’s salary: around $30,000/year. Owners who are also barbers can expect to make more. Barber websites should include a way for customers to book appointments online.
- Investment: High investment⬆︎
58. Dog Walker
Dog walking is a profession that usually involves walking the dog from its home and then returning back.
A dog walker can either be an individual or be part of a business like https://www.rover.com/become-a-sitter/Rover . He or she will be paid for walking or for pet sitting.
- Good for: Undergraduate students ✔ Kids & Teens ✔
59. Career Coaching
The millennial generation faces a much tougher job market than any generation before. There’s no doubt that many will feel clueless about which direction they should take to maximize their chances of having a bright future ahead of them.
A career coach can work either from an office or via the internet.
60. Personal Shopper
Shopping for groceries, clothes, or electronic goods can eat up a lot of time. A personal shopper can help busy people reclaim this time in exchange for a small fee.
A personal shopper can be someone who goes to stores in person, or it can be someone who gives online recommendations about which products the client should buy.
- Business type: Offline/Online
61. Virtual assistant
The umbrella term “ virtual assistant ” refers to anyone who is paid to do a job for another person.
Let’s say that somebody runs an online shop . That person might need occasional help with getting through customers’ correspondence and questions.
A digital assistant works on an hourly basis and often serves multiple clients at the same time. The obvious limitation of this business is time itself.
62. Uber or Lyft Driver
Anyone who considers him– or herself to be a good driver can sign up with Uber or Lyft and make a good living driving people around town.
While working as an Uber driver may not sound like an exciting career, it’s certainly a great way to put food on the table when you find yourself in between jobs.
Enjoy driving? With Uber or Lyft, you can put your vehicle to work by driving locals or tourists around.
63. Mobile Laundry
Mobile laundry services can be the ideal extension of an existing laundry business. Anyone else will have to deal with high investment costsand relatively low returns.
In this day and age, it’s paramount to make the entire service as convenient as possible, which often means creating mobile applications and a website where customers can schedule deliveries and pickups.
64. Mobile Pet Grooming
As more and more people are postponing the decision to have children, they turn their attention to their pets .
Many owners are willing to pay as much as several hundreds of dollars to give their beloved pets a makeover . If you start a pet grooming business, be sure to set up a website that enables visitors to book appointments online.
65. Fitness Instructor
Whether it’s because people fail to adhere to a strict fitness regimen or because new fad diets and fitness movements are cropping up on a regular basis, the demand for fitness instructors is always high.
Modern fitness instructors should definitely consider exploring the online space and perhaps recording a series of educational videos and posting them online.
Not only is this a fantastic marketing strategy , but it’s also a viable way to generate additional income.
- Good for: Stay at home Undergraduate students ✔
66. Anti-Aging Spa
The quest for eternal youth is as old as the hills. Modern technology gives us new options to prolong our good looks and keep health problems at bay.
A good anti-aging spa will require a substantial investment and constant maintenance. The upside is that it will attract clients who have money to spare.
67. Decluttering Services
With the tremendous success of “The Life-Changing Magic of Tidying Up” by Marie Kondo , there has been a surge in demand for decluttering services.
People are in dire need to get rid of useless things that become an emotional burden.
This business is far from being just a cleaning service in disguise. More often than not, people will be unwilling to give up even what’s clearly just trash, so you must have a good understanding of human psychology as well.
68. Green Cleaning Services
The only thing that differentiates green cleaning services from regular cleaning services is the type of products used for the actual cleaning. But this simple thing can turn otherwise unattractive businesses into something highly desirable.
People in upscale neighborhoods are willing to pay a lot of extra money just to know they are helping to preserve the environment .
69. Beard Care Products
You can start your own beard care brand with just a few cheap ingredients that are available online. When you are able to create a good product, all you need to do is take care of its marketing and bulk manufacturing.
70. Tattoo Studio
Talented individuals can make a small fortune by opening their own tattoo studio and establishing themselves in the industry.
Some people are willing to travel across the world to get a tattoo from the artist they love. A substantial initial investment will be necessary. You’ll want to have a website that enables individuals to book appointments online. Be sure to engage in foreseeable risk management. You’ll need a deep understanding of how to prevent health risks associated with poorly executed tattoos and body piercings. Explore liability insurance and consider forming an LLC .
71. Pet Daycare
If you love animals and pet sitting and have enough room to spare in your house, you can start a pet daycare business.
There’s not much to it: pet owners leave their animals whenever they have to go out for a longer time, and your job is to provide them with everything they need and ensure that the pets will be happy.
72. Pick & Drop Services
Pick and drop service is another type of business that combines modern technology with our constant need for more time.
It usually starts with a platform that automatically pairs clients with suitable pickers. From there, it’s all about completing assignments as you receive them.
73. CrossFit Gym
Opening any kind of gym can be a fantastic business , but CrossFit gyms are what’s currently “in.”
Compared to traditional gyms, CrossFit gyms don’t require overly expensive machines, as you get by with a high-quality set of barbells and squat racks.
74. Caretaker for Children
Even though you can start a childcare service from your home, you should still prepare for a large investment.
If you live in a large city, you should definitely consider catering to a niche group of parents and charging premium prices for your services.
You could focus only on children with specific allergies or serve only organic food.
75. Solar Contractor
People are embracing solar energy and are even using it to become completely self-sufficient. Solar contractors help realize complex solar projects by supplying suitable equipment and ensuring that everything will be properly installed.
Background in electrical engineering is definitely recommended.
76. Sustainable Landscaping
Sustainable landscaping business uses strategies to avoid negative environmental problems like excess stormwater run-off, drinking water pollution, and invasive species propagation.
Sustainable landscapes often feature shade structures and bike racks made from recycled materials, wireless irrigation systems, native grasses, and large, open areas for sports and leisure.
- What Are Good Healthcare Business Ideas?
77. Medical Courier Service
This low-cost startup is an attractive option for those who are organized, responsible, and have a reliable vehicle. Medical couriers may deliver equipment, lab specimens, prescription drugs, documents, or even organs.
Couriers make an average of $36 an hour or over $70,000 a year. You can start as a sole driver and then expand by hiring other drivers. Consider forming an LLC .
- Investment: Low investment⬇︎
- Undergraduate students ✔
78. Mobile Medical Application Developer
This is an opportunity for app developers with close ties to the healthcare industry and a knowledge of how it’s being shaped by AI and machine learning. Medical apps use monitoring, tracking, and rewards to improve user health.
App development costs can range widely: expect it to cost from $5,000 – $50,000. Beware: getting users to download and use apps can be challenging.
79. Acupuncture Business
An acupuncturist can expect to make anywhere from $45,000 – $100,000 per year, depending on experience.
If you are already trained in acupuncture and choose to start your business by renting a room at a community acupuncture clinic, your startup costs should be low.
80. Mobile Hearing Aid Specialist
With this business you can serve seniors in their homes, conducting hearing tests and providing them with the appropriate hearing aids. You may serve as the bridge between one or more audiologists or health centers and local clients.
The median salary for a hearing aid specialist is $50,000. Check your local state for licensure or certification requirements.
81. Respite Care For Baby Boomers
This business provides planned temporary relief to adult caregivers of elderly parents. This non-medical work may entail a few hours a week of assistance or stepping in while the caregiver takes a vacation.
Individual providers of respite care can expect to earn between $20 – $40/hour or an average of $54,000/year. You can start the business as a solo provider and then expand it into a highly profitable venture .
82. Growing Medical Marijuana
If you live in a state or country where medical marijuana is legal , you can consider starting your own growing operation.
The initial setup can be costly, but it’s relatively smooth sailing after that.
Your days will be spent taking care of a wonderful plant and helping people improve their health and well-being in general.
- Additional Resources For Starting Your Business
How to Start a Business for Under $100
How to Build Your Own Startup Business the Easy Way
Small Business Financing: What’s Available For You?
Choose One of the Most Fitting Project Management Tools for Your Business
- Appendix: Business Idea Categories
Below we’ve grouped the business ideas described in this article under the categories of:
- Low startup costs or no-cost ideas.
- Ideas for stay-at-home parents.
- Ideas for undergraduate students.
- Ideas for teens and kids.
List of Low-Cost or No-Cost Business Ideas
All low investment or no investment business ideas included in this article are organized here for easy comparison. They are linked to their descriptions above.
- Online bookkeeping
- Business broker
- Virtual call center operator
- Language translator
- Online shop
- Affiliate marketing
- Data analyst consulting
- Digital marketing campaign manager
- Niche website owner
- Security services
- Social media consulting
- Content writer
- Handmade goods
- Antique refurbishment
- WordPress theme developer
- Make-Up Artist
- Image Consultant
- Graphic design artist
- Language teacher
- Online teaching
- Online course creator
- Event planner
- Guided tours
- Mobile application developer
- VR/AR application developer
- Energy auditor
- Web developer
- Career coaching
- Personal shopper
- Digital assistant
- Uber or Lyft driver
- Fitness instructor
- Decluttering services
- Green cleaning services
- Beard care products
- Pet daycare
- Pick and drop services
- Sustainable landscaping
- Medical courier service
- Acupuncture business
- Respite care for baby boomers
- List of Online Business Ideas For Stay-at-Home Parents
We’ve taken all of the business ideas included in this article and generated this list of the ones that are particularly suitable for stay-at-home parents.
Some of these home-based businesses, like data analyst consultancy, require a background in the field. But most of these ideas do not. For example, you can teach yourself SEO, 3D printing, and how to run an online shop.
- Importing electronic OEM gadgets
- Drone videographer
- Subscription service owner
- Hostel owner
- Custom drone builder
- 3D printing services
- Career coach
- Pet daycare provider
- Caretaker for children
- Mobile medical application developer
- Medical marijuana grower
- List of Business Ideas For Undergraduate Students
Here we’ve pulled together a list of those business ideas that are attractive for undergraduate students. Like the list above, some — like web developer — require previous experience. But many do not.
- Smart home contractor
- Mobile pet grooming
- List of Business Ideas for Kids and Teens
Kids and teenagers have more options than ever for launching their own business given the prevalence of internet technologies and online learning.
Remember that 17-year old girl who created a million-dollar website ? Then there’s the 7-year old who makes $11 million a year on his YouTube channel.
You might not become a multi-millionaire, but you can certainly earn income and grow your revenue.
Bookmark our site for tips on planning your business, funding it , marketing it , and managing it .
- Don’t Forget to Form Your Business
Once you’ve decided to set up a new company, the most important next step is to form your business. Most small businesses set up as an LLC (Limited Liability Company).
This keeps all your assets separate from the company’s, limiting your personal liability while giving the pass-through tax benefits of being a sole proprietor.
The process of forming your company can be really simple. Incfile can handle everything for you for $0 — all you pay is any state fees. Form your company for $0 now at Incfile .
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19 Small Business Ideas For 2023
Updated: Mar 28, 2023, 1:42pm
Table of Contents
1. tutoring, 2. music and voice lessons, 3. bookkeeper, 4. pet care services, 5. subscription box service, 6. dropshipping website, 7. dog grooming, 8. copywriter, 9. copyeditor, 10. wedding or events planner, 11. photographer or videographer, 12. home cleaning, 13. personal trainer, 14. sewing and alterations, 15. virtual assistant, 16. college consultant, 17. antique sales, 18. life insurance agent, 19. life coach, frequently asked questions.
Every day, hardworking individuals choose to step away from their employers and start their own companies. In fact, small businesses launched by everyday entrepreneurs have added over 12.9 million jobs to the U.S. economy in the last 25 years. If you’re looking to join the fray but aren’t sure which path is best for you, here’s a list of nineteen profitable small business ideas.
If you’re a master of a particular subject, you can help students struggling in their classes by becoming a tutor. No certification is required to become a tutor, but you should be an ace in the topic. Usually, a tutor has a college degree in the subject they are tutoring.
You can teach in person or online to expand your target market. You may want to invest in some teaching aid tools such as Canvas or Blackboard. These will help you interact more effectively with online students. You can market yourself or join a tutoring platform such as BuffTutor that brings clients to you.
Tutoring is an excellent way to make some money while enriching the lives of the next generation.
Are you skilled with a musical instrument, or do you have golden pipes? Do you love teaching as well? Sharing those skills with others can help foster a love of the arts. You can either set up a studio at your home or travel to your clients’ homes, depending on what works best for your situation. The flexibility means the possibilities here are endless.
You can market yourself to local schools or community theaters where parents are looking to get their kids music or voice lessons. A good teacher quickly gets word-of-mouth referrals for new business, which helps reduce the amount of marketing that you need to do.
Learn more: Find the right scheduling app to keep your sessions organized.
If you’re someone who is great with numbers and pays attention to the little details, starting a bookkeeping business might be a viable idea. Bookkeepers sell their services to small businesses that need help managing the books, preparing payroll and gathering data for taxes. You would need to be very well-organized and understand the inherent liabilities that can come with handling someone’s finances; make sure you form an LLC if you choose this route.
While you don’t need specific credentials to become a bookkeeper, getting something such as the QuickBooks Bookkeeping Certification will not only teach you a lot but will also give potential clients confidence in your ability. However, it might cost you as much as $450 to obtain the certification.
A dog walking business is an excellent opportunity for someone who loves dogs and is good with other people’s dogs. You get out every day and enjoy fresh air with grateful pups. This business requires you to go to people’s homes to let their dogs out to play or go for a walk. You don’t need any special credentials to be a dog walker, and since you’ll be using your clients’ leashes, you really don’t need to invest in much. Primarily, you should purchase items such as dog treats and waste bags so that you are prepared for any situation.
If you live in a rural area where clients are spread out, you could pursue the option of offering more generalized pet-sitting services for those who are on vacations or business trips. The income for this type of service may be less consistent, but it’s an excellent fit for someone with experience handling different types of animals. Many small critters such as birds, reptiles and fish require very detailed care that their owners don’t trust just anyone to handle. If you can build a reputation for taking good care of these pets, winning new clients will come with ease.
Subscription boxes are a hot trend right now. There are subscriptions for anything and everything, including vitamins and contraception. If you have an idea for a subscription box, you could have the next hot trend.
You’ll want to establish a website where customers buy your box. At the end of the month, you send each customer a curated box of goodies. While you can often purchase these items based on the demand, you may need to carry some inventory of certain products. It will all depend on your subscription box.
A dropshipping website promotes products that it doesn’t keep in stock. Instead, it has a deal with a distributor who will take your orders and mail them to your customers on your behalf. This eliminates the cost of having inventory and expands the number of products that a business owner can market and sell.
To start a dropshipping business , you’ll need to find relationships with dropshippers. There are big companies that have thousands of products, such as Oberlo and Alibaba, that do this. You’ll also need to create a website that features the products. Getting started may cost you $500 to $1,000 if you need help setting up a website.
Dogs’ coats need regular care, and dog grooming is a service that is in high demand. Washing dogs, trimming their nails and clipping their fur must be done as often as every 4-6 weeks for some breeds. While you can do this in a client’s home, most groomers have either a retail location or a mobile pet salon where they have all their supplies and tools.
To have a complete setup, a mobile pet grooming van may cost anywhere from $10,000 to $100,000. If you’d prefer clients bring their pups to you, converting a shed into a grooming salon may be a more convenient option.
Just about every business has an online presence, most with some sort of blog or distributed content. This content needs to be written, and most business owners don’t have the time to do this themselves. They hire a professional writer. If you have a passion for certain topics, an ability to do deep research and are a good writer, this can be a profitable business for you.
There are no startup costs other than having a computer with a good internet connection. Many writers market their services on LinkedIn or in business social media groups. You can also reach out to the marketing director of businesses to offer your services.
With hundreds of blogs and content streams starting every day, there’s a huge demand for reliable editors who can ensure high-quality content goes live. If you have an eye for grammar and punctuation, you might consider becoming an editor who reads and helps improve content. And you don’t have to be limited to blogs or social media; you can edit books and print articles as well.
Make sure that you are a grammar stickler and that you know the differences between AP and Chicago-style writing. You’ll want to invest in these manuals so that you can help your clients meet the right style guides. Other than that, you only need your computer to start this business. You’ll market yourself in online groups and may choose to invest in building a website to help promote your new business.
$16 per month
On Wix's Website
$1.95 per month
On Web.com's Website
$6.99 per month
On GoDaddy's Website
On Squarespace's Website
If you’d love to help make a special day as memorable as possible, the events business is very rewarding. Those who organize these events should have strong networking skills, pay close attention to details and be highly organized. It helps to have a creative edge that enables you to come up with new and exciting ideas for your clients.
If you want to focus on weddings, be prepared to help with all aspects of the wedding, from the decorations and venue to entertainment and food. While you don’t need any licensing or credentials to do this, you want to have a Rolodex of professionals who can fill certain roles at the event.
Learn more: Use CRM software to keep your vendors and your clients organized.
This is a great business for a creative person with an eye for composition. You can be a generalist or niche down as a wedding videographer or family photo session provider. You don’t need any specialized certifications to start a photography business or start producing videos.
However, you do need a high-quality camera and may also want to invest in lighting accessories. To start a videography business, you’ll need a good digital video camera, lights, microphones and bounce boards to help you get the best quality footage. You should also launch a website that shows potential clients your portfolio of work.
A home cleaning service business is an excellent idea for detail-oriented people who want to be solopreneurs or who want to grow to have a team. As a home cleaner, you go to people’s homes and clean the kitchen, bathrooms and all other rooms. You’ll dust, mop and vacuum rooms and make sure that sinks, toilets and tubs are clean.
You don’t need to be licensed to be a home cleaner, but it’s a good idea to get bonded and insured. This gives clients confidence that you are a professional. As far as investment goes, you will want to have your own cleaning tools and supplies so that you don’t rely on clients to provide them—though some will.
A personal trainer helps people meet their fitness goals. As a trainer, you are part workout expert and part motivational expert. You help develop workout plans to help people either lose weight, build muscle or meet other fitness goals. Certification is required if you plan to work at a gym and will also help you build your credentials to get new clients.
A certification might cost you anywhere from $500 to $1,000. Many fitness trainers also have degrees in kinesiology from a university, but this is not required.
If you’re talented with a needle and thread, you could have a business sewing and making alterations for others who don’t have this skill or the tools to do it. While you may be busy with alterations, the real money is in custom jobs for dresses and costumes. If you live near a thriving renaissance fair or convention center, you can expect to find plenty of potential customers dressing up for events at these locations.
You don’t need any certification to become a seamstress or a tailor. You will need to invest in a good sewing machine and get materials and supplies that you use when working for clients. Advertising your services on-call or even setting up “emergency” booths at costumed events can bring you new clientele from those in a bind.
More and more business executives are turning to virtual assistants (VAs) to help them with certain business tasks. This saves the business money because they don’t need another full-time employee with benefits while still getting the work done. As a VA, you will do certain tasks such as managing social media, coordinating travel and maintaining the calendar.
There is no prerequisite to becoming a VA. You just need to be good with people and have keen organizational skills. You’ll want a computer with a fast internet connection to service your clients.
Parents will do whatever they can to help their children get into the college of their dreams. This includes hiring a college consultant who can help prepare them for standardized tests, review personal statements and navigate the world of financial aid and scholarships.
There is little to no overhead as a college consultant. You simply need a computer and a good internet connection. While there are no required certifications, the College Consultant Certification from Heartland Institute can help give you credibility in a competitive market.
You might love going to garage sales and auctions. This hobby can become a business where you buy antiques and then resell them after freshening them up with some paint. You may even work on consignment for clients to limit your cash outlay.
This is a business where you can work from your garage or invest some money and open a storefront. The cost will depend on your location and the size of the store.
If you’re passionate about helping families prepare for the worst-case scenario, then you may be highly fulfilled working as an independent life insurance agent. You’ll work with people to help assess their life insurance needs and find the right type of coverage. You’ll become their main point of contact for sales and service.
To become a life insurance agent, you must pass a state licensing class and a standardized test. Once you do that, you’ll need to get appointed with life insurance companies to offer their products.
A life coach helps people navigate through difficult times in their lives. Coaching may come into play for relationships, parenting or other challenging life transitions. A life coach has a lot of experience and can bring that experience to the table to help people successfully navigate through their troubles and blocks.
While you don’t need a certification to become a life coach, it does help to give you credibility in what you do. A certification may cost you anywhere from $500 to $1,000, depending on where you get it from. The International Coach Federation offers a three-day, accredited program that is $995.
If you’re ready to start a small business , start with what you’re passionate about and what you already have skills in. You may need a certification or to buy some tools and equipment, but many small businesses can be started for under $1,000.
How do I start a small business with no money?
There are several funding sources for new businesses and most require a business plan to secure it. These include the SBA , private grants, angel investors, crowdfunding and venture capital.
How can you get money to start a business?
While it takes some work to apply and there’s no guarantee of funding, there are many different types of grants for small businesses available. Competition here can be fierce so make sure you send applications to a variety of sources. Usually each state has its own programs, but there are also national foundations and organizations that offer grants specifically to minorities . If grants don’t work out, you can always pursue business loans or private investors.
What is the best way to get a business loan?
Online lenders tend to be more flexible than traditional banks, so you may consider shopping around for different rates before applying. Pay close attention to eligibility requirements and repayment terms, and carefully read consumer reviews to gauge the lender’s reputation. Check out our list of the best small business loans to see some of the top lenders.
What is the easiest SBA loan to get?
Small Business Administration (SBA) microloans are the easiest to get because they have little in terms of revenue requirements and are designed for new businesses needing a small amount of capital.
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Kimberlee Leonard has taken her professional experience as an insurance agency owner and financial advisor and translated that into a finance writing career that helps business owners and professionals succeed. Her work has appeared on Business.com, Business News Daily, FitSmallBusiness.com, CentsibleMoney.com, and Kin Insurance.
70 Business Ideas for Young Adults: Avoid the Get-Rich-Quick Schemes and Turn a Profit
By Devin Hargrove
Last updated: February 22, 2023
When you buy something through one of the links on our site, we may earn an affiliate commission.
The best business ideas for young adults may seem difficult to come by, with many businesses being expensive to start or highly time-consuming. To help, here are more than 70 business ideas perfect for the busy schedules of young adults.
These ideas have been selected based on their viability and chances of success to help you avoid the many pitfalls new business owners face.
In a rush for great business ideas?
Why not kickstart your online business journey with The Affiliate Lab . Learn everything you need to start, grow, profit, and sell an online business today!
1. Niche and Authority Websites
2. blogging, 3. affiliate marketing, 4. grant writing, 5. content writing, 6. copywriting, 7. photography business, 8. handmade jewelry, 9. podcaster, 10. tutoring, 11. babysitting, 12. social media influencer, 13. pet sitting, 14. pet grooming, 15. dog walking, 16. errand running service/assistant, 17. delivery service, 18. lawn care business, 19. holiday decorating business, 20. washing cars, 21. recycling business, 22. music lessons, 23. house cleaning services, 24. gift wrapping business, 25. transcribing, 26. laundry service, 27. cake maker, 28. leaf removal business ideas for young adults, 29. sell art, 30. data entry, 31. pressure washing company, 32. window washing, 33. editor/proofreader, 34. investing/day trading, 35. freelance writing, 36. buying and selling on ebay, 37. seo expert, 38. language translation, 39. dropshipping, 40. security services, 41. editing and proofreading, 42. graphic design, 43. sell ebooks, 44. saas business owner, 45. decluttering services, 46. mobile app developer, 47. virtual assistant, 48. fitness instructor/personal trainers, 49. become a voiceover artist, 50. event planner, 51. curriculum vitae/resume creator, 52. relocation specialists, 53. ghost blogger/writer, 54. social media marketing, 55. english language tutor, 56. pre-owned clothing shop owner, 57. solar installers, 58. wedding planner or bridal consultant, 60. mystery shopper, 61. deliver-to-your-door chef, 62. chimney sweep, 63. food truck, 64. sales agency, 65. catering business, 66. coworking service, 67. tech support, 68. house sitting, 69. t-shirt designer, 70. craft beer brewing, do your research, create a business plan, get organized, network with other entrepreneurs, secure funding, continue your education, final thoughts on business ideas for young adults, the ultimate list of business ideas for young adults.
These small business ideas for young adults have been selected based on the probability of success and ease of getting started.
Some may require more skill than others, and some ideas may have more potential for profit. However, given enough time and consistency, every business idea on this list is viable given enough hard work and persistence.
Niche websites cover sub-segments of a market, such as golf club reviews. Authority websites attempt to establish themselves as experts on a topic.
Check out our guide on how to build a niche website for more information.
You can monetize these websites in various ways, such as ad displays, affiliate links, creating courses, and selling products.
Average Salary: $35,000 – $80,000 (top site owners can make high six and seven figures)
While the heyday of personal blogs has faded, many bloggers still make good money talking about specialized topics.
One of the best things about blogging is the low barrier to entry, with only a computer and internet connection required to get started.
We have a complete guide about how to start a blog .
It can take months to years of consistency to get any traction, so make sure you have realistic expectations going in.
Average Salary: $35,000 – $40,000 (top blogger can earn high six and seven figures)
Already have a blog?
Affiliate marketing is a type of performance-based marketing where affiliates get paid for referring traffic to a business. You will usually be paid for each sale via the cost per metric model.
There's even a way to start affiliate marketing with no money .
You can become an affiliate marketer in multiple ways, such as:
- Authority/Niche Sites
- Social Media influencer
- Email Marketing
Average Salary: $42,000 – $83,000 (top affiliate marketers can earn high six and seven figures)
Want to get started in affiliate marketing?
Grant writers help organizations obtain funding by researching, creating, and submitting proposals. When it comes to small business ideas for young adults, it can be a good option.
It's essential to understand the process of submitting for grants. You will need to learn proper formatting, when to submit, who to submit to, and what information is required.
Average Salary: $51,000 – $81,000
Interested in learning more about grant writing?
Content writers create long-form content to help readers better understand a topic. This article is an example of content writing.
You can work for SEO agencies, blogs, niche and authority website owners, or create your own business through content-fueled websites.
Find out more about how to earn extra money as a website content writer .
Average Salary: $30,000 – $75,000 (topic experts in medical, legal, or financial writing can earn more than average)
Copywriters focus on creating sales pages, advertisements, and other sales-focused copy to persuade people to take action.
Generally speaking, copywriters can earn more than content writers due to the sales-focused nature of the business.
Average Salary: $40,000 – $70,000 (top copywriters can earn mid- to high-six figures – and don't miss our guide on how to become a copywriter from home )
Photographers can range from wedding photography to food photography and are in demand worldwide. One thing to note is that it can be quite an expensive upfront investment.
While it can take time to develop the skills needed to start a photography business, the benefits can be rewarding. You are free to set your hours and increase your rate as you advance.
Average Salary: $30,000 – $80,000 (specialty photography business owners and those with a reputation can command a much higher income)
Creating handmade jewelry can be an excellent way to make extra money through Etsy or by creating an eCommerce website.
Top jewelry makers can even get into big-box retailers and jewelry stores, significantly increasing their earning potential.
Average Salary: $40,000 – $65,000 (recognized jewelry makers can command high-six and seven figures)
While the podcasting market has certainly become saturated over the past decade, new podcasters can still make a stable living for themselves (and you can learn from the best on selling and marketing by checking out the best copywriting podcasts ).
The key is to be consistent, persistent, and patient. Your earnings potential will depend significantly on the topic of your podcast and how large your audience is, so choose wisely.
Average Salary: $55,000 – $80,000
Tutoring is easier than ever before with the proliferation of tutoring websites connecting potential pupils with tutors. You can easily connect with students around the world through Zoom.
If you want to take your earnings to the next level, begin finding your own students and cutting out the middleman.
Average Salary: $20,000 – $50,000 (you can make more with your own business, finding clients and hiring other tutors to scale your business up)
It may not seem like a real money maker, but babysitting in the U.S. alone is a $54 billion industry.
There are apps such as Urbansitter that can help you connect with families who need help. However, creating a reputable babysitting agency and bringing in clients is the real moneymaker.
Average Salary: $22,000 – $50,000 (agency owners can pull in six and even seven figures yearly)
You can get into the influencer game if you have something interesting to say and the patience and persistence to gather a large following on social media platforms like Instagram or TikTok.
We have a comprehensive guide on how to become a social media influencer .
Social media influencers typically earn money promoting products to their following (and there's a whole list of companies looking for influencers ). Many also make extra spending money through funding sources like Patreon and Patreon alternatives .
Ask yourself if you'd like to become a social media influencer.
Average Salary: $45,000 – $50,000 (top influencers can make high-six and mid-seven figures or more)
Pet sitting is one of the best ways to make money while chilling for furry friends. There are apps such as Rover that connect you with people needing a pet sitter.
However, as with babysitting, the real money for related small business ideas is creating an agency or attracting multiple steady clients outside of an app.
Average Salary: $17,000 – $35,000 (even more can be made in larger metro areas with steady clients or as an agency owner)
The pet grooming industry pulls in over $10 billion annually in the U.S. and is expected to increase every year as pet ownership grows.
You can get started with just a few clients and scale your small business ideas up with persistence and a good reputation.
Average Salary: $25,000 – $35,000 (you can make more as a grooming business owner with enough client volume)
Another area of the pet industry that has experienced significant growth over the past few years is dog walking. Apps like Rover make it easier than ever to connect with pet owners and grow your own dog walking business.
If you can get clients outside of the apps, you can cut out the middleman and increase profit margins.
Average Salary: $25,000 – $50,000 (dog walkers in larger cities like Los Angeles and New York can earn more)
Errand runners provide various services to busy people ranging from getting groceries to taking packages to the post office.
In major metro areas, where many business people work with very little time but lots of money, errand running services can be pretty profitable.
Average Salary: $24,000 – $35,000 plus tips (you can make more as an agency owner with enough clients)
Logistics is an almost $1 trillion industry in the U.S. and over $8 trillion globally. Everything from mail to food to consumer goods needs to be transported.
One common problem is what's known as the last mile, how products get to the end-user. You can create a stable business with long-term growth potential by bridging that gap.
Average Salary: $25,000 – $35,000 (significantly more if you can create a high-volume business)
The landscaping industry in America is estimated to be over $100 billion. It can be quite easy for the hardworking and aspiring young adult to start a lawn care business and get a piece of that enormous pie.
The key to a successful lawn care business is to be consistent and stay on top of things for your clients. With a bit of persistence and hard work, you can begin to generate a high-income business.
Average Salary: $25,000 – $60,000 (although company owners can earn in the mid-to high-six figures in larger markets such as Los Angeles)
Though a seasonal business, holiday decorating can be quite profitable and is an excellent go-to for landscaping business owners to fill in the winter months.
If you don't mind getting on roofs and installing Christmas lights, holiday decorating could be a good business. Even better if you can get corporate clients with large buildings.
Average Salary: $5,000 – $15,000 per season (business owners in high-volume areas can clear as much as six figures)
It may not seem like it, but mobile car washing can be an extremely lucrative hustle. There is an upfront investment, but this can be quickly recouped with enough persistence.
In the beginning, you will need to stay on top of things and find places to set up where you can drum up business. However, once you have a steady clientele, you can clear quite a bit of profit.
Average Salary: $25,000 – $70,000 (you can make even more with multiple setups and employees)
Recycling is a multi-billion dollar business idea in the United States. The majority of this income comes via one of two ways, collection fees and selling recycled materials for reuse.
If you can land a sorting contract from a municipality, this can also lead to a more lucrative business.
Average Salary: Varies significantly by size and locality
Turn your passion for playing music into a profitable business. If you can play an instrument and have the temperament for teaching others, you could be making money from giving lessons.
For the entrepreneurial-minded young person, if you can get enough clients wanting your music lessons, you may hire other instructors. This can help to clear higher revenues and create a full-time business.
Average Salary: $43,000 – $90,000 (even more if you can create a business managing instructors)
While house cleaning isn't the most glamorous of jobs, it can be pretty lucrative given enough persistence in acquiring clients.
If you're interested in cleaning houses you may also want to look into how to start a carpet cleaning business .
The money isn't in cleaning but acquiring enough clients to hire others to do the work. Remember, this can take a bit of time and a lot of hustle.
Average Salary: $50,000 – $70,000 for personal cleaners and over $100,000 for commercial
Another seasonal gig, gift wrapping alone likely won't provide a full-time income but can add a profitable side income stream during the winter months.
If you want to make it a full-time gift wrapping business, you can sell other products and services such as party supplies, gift cards, and related items.
Average Salary: $50,000 – $90,000 (more profitable in larger metro areas)
While the transcription industry has taken a significant hit with SaaS software that can automate the process, there is still money to be made.
If you can type quickly and keep secrets, you can get into the transcription business. Once you've learned the ropes, start getting your own business with clients and hiring out the work.
Average Salary: $45,000 – $60,000 (more if you can create your own business)
With the world becoming busier every year, people increasingly have less time to do everyday tasks like cleaning their home and laundry.
If you aren't too squeamish and don't mind going through other people's laundry, you can turn a tidy profit. Scrape enough money together, and you can turn that into a dry cleaning business or even look into how to start a laundromat .
Average Salary: $50,000 – $100,000 (you can earn more in high-income metropolitan areas)
If you enjoy baking and have an artistic flair, a cake-making business idea could be an excellent choice to get started.
You will need a bit of upfront investment for all of the equipment but should recoup costs quickly. With enough persistence and a large enough network of customers, you can turn a decent profit.
Average Salary: $40,000 – $70,000 (full scale bakeries can make low- to mid-six figures)
Another business idea that can pair well with landscaping and holiday lighting, leaf removal, can be lucrative in certain parts of the United States.
This is a seasonal business, so don't expect a full-time income, but you can do well during the season if you can get enough clients and workers.
Average Salary: Varies greatly depending on the location and conditions
If you have a flair for art, you could make a good living selling it online or through traditional galleries.
The internet has paved the way for artists to sell their work. If you are a savvy enough marketer and can build a strong network of people with the money for art, you can make a great career.
Average Salary: $30,000 – $65,000 (top artists with good marketing skills can earn high-six to seven figures)
Data entry is a big business in the United States and other countries. The industry is growing at an average of $300 million each year as companies seek to digitize records.
In the beginning, you will need to hustle to get clients. Be aware that you are competing with foreign companies in the Philippines and India.
Average Salary: $30,000 – $60,000 (company owners can earn in the low- to mid-six figures)
The pressure washing industry is valued at $1.88 billion worldwide. It involves everything from cleaning parking lots and driveways to fences and buildings.
One downside to pressure washing is the upfront cost of equipment. However, with hard work and hustle, you should see a return on investment.
Average Salary: $40,000 – $50,000 (potential for six-figure income after a few years of hard work)
Window washing can be a great small business idea in larger metropolitan areas with many potential clients.
You will need to hit the ground running to drum up the business initially. However, you can start seeing a decent income with a bit of persistence.
Average Salary: $40,000 – $60,000 (potentially more in metro areas and with corporate clients)
Do you have a keen eye for proper grammar? Editing could be one of the best business ideas for young adults to get into and, as luck would have it, it's in higher demand than ever before.
Millions of new articles are published online every day, and that number is growing. That means there are tons of opportunities for editors to make money.
Average Salary: $35,000 – $100,000
Investing is a great way to make money or lose a lot if you don't know what you're doing. Thankfully, resources such as courses and forums can help you.
A good rule of thumb is never to invest money you can't afford to lose. Whether you are trading forex (or promoting forex affiliate programs ), stocks, or investing in ETFs, make sure you are comfortable with what you are doing.
Average Salary: $70,000 – $150,000 (top traders can make high-six figures and seven figures while inexperienced traders can go broke or, worse, into steep debt)
Freelance writers vary from ghostwriters for websites to journalists who write for various publications.
There is plenty of work for freelance writers on online writing sites , and quite a bit of it is high-paying. If you don't want to get stuck in a race to the bottom, you will need to be persistent in finding quality clients that pay well and offer steady work.
Average Salary: $30,000 – $100,000
If you enjoy scouring garage sales or antique shops for products, finding the best things to sell on eBay could be a great way to turn your hobby into an income-generating endeavor.
While most sellers conduct their business as a side hustle or hobby, quite a few sellers are making full-time incomes on the platform.
Average Salary: $25,000 – $45,000 (dedicated sellers can earn in the low to mid-six figures)
Search engine optimization is the process of optimizing a website so search engines can more easily index information to serve searchers. The end goal is to increase the quality and quantity of traffic from search engines.
If you are already running a website such as a blog or a niche or authority site, moving into SEO can be a natural next step.
Average Salary: $35,000 – $80,000 (successful agency owners can pull in six to mid-seven figures)
Translators do everything from translating forms for businesses to website translation and document translation for individuals. For the right person, it's one of many low-cost small business ideas to start.
This can be highly profitable, especially if you can complete highly technical translation work in tech, business, healthcare, etc.
Average Salary: $40,000 – $65,000 (translation companies that can clear high volumes and specialized work can earn six to seven figures)
Dropshipping is a business model that allows you to sell items that you don't physically have in your possession by taking orders and working with manufacturers or wholesalers for order fulfillment (and we've got a full guide for finding wholesale items to sell from home ).
Interested in learning more about it? Check out our post on “ what is dropshipping .”
This can be a great way to dip your toes into eCommerce without needing to spend a lot of money on inventory, warehousing, and related expenses.
Average Salary: $12,000 – $60,000 (motivated dropshippers can make mid-six and even seven figures)
For the right person, security services can end up being a lucrative business. Security service providers work with individuals, businesses, bars, and event promoters to offer manpower where necessary.
You will need to check on the local laws in your area as often licenses and permits are necessary to provide such services. Insurance will also be a significant expense to look into.
Average Salary: $20,000 – $40,000 (company owners can pull in mid-six figures and even mid-seven figures for executive protection services)
Editors can work with a wide range of companies and websites such as blogs, publishers, news agencies, and more to ensure their content flows well and is grammatically correct.
Proofreaders (don't miss our list of great proofreading jobs from home ) and editors that provide consistent and high-quality service are in high demand and can benefit from job security.
Average Salary: $45,000 – $80,000 (content agency owners can add this as a service to increase income)
Graphic designers are responsible for creating everything from logos to complete brand identity packages. This can be an excellent job for individuals who want to be location-independent and are artistically inclined.
You will need to spend time learning brand psychology, design theory, and more, but you can start taking small jobs while you learn.
Average Salary: $35,000 – $55,000 (agency owners can pull in mid- to high-six figures with enough volume)
While it may seem like the eBook market is oversaturated, there is still a massive market for inspiring and helpful eBooks. The trick is, you need strong marketing skills and a solid understanding of your target market.
The best way to get into eBooks is to start somewhere else, like blogging or with a niche or authority site. Once you build an audience, you can more easily sell your book.
Average Salary: $45,000 – $70,000 (top earners can pull in six figures or more)
SaaS stands for software as a service and refers to licensing software on a subscription basis instead of more traditional methods.
New SaaS companies are created every year with billions of potential customers. The one downside to the SaaS model is the enormous capital requirements when first getting started.
Average Salary: Varies greatly but can be anywhere between six and eight figures
Ever watched the show Hoarders ? While not always that bad, decluttering services can help people to clean out their homes and get organized in their lives.
You will need some strong marketing skills in the beginning to find customers. However, it can be a solid low overhead business, making it a great business idea for young adults.
Average Salary: $40,000 – $60,000 (more can be made in larger metro areas with higher volume)
App development is one of the most in-demand skills in the tech industry. Thankfully, there are plenty of resources that can help you learn, from courses to videos and articles.
In the beginning, it may not be easy to find your first client, but as long as you are persistent and continually working on your craft, you will eventually start getting clients to work with.
Average Salary: $45,000 – $80,000 (this can reach into the six- and seven-figure range if you create your own business creating apps)
Virtual assistants handle a wide range of tasks for business and agency owners. Daily tasks range from everyday administrative work to more complex tasks like managing link-building campaigns.
While many virtual assistants are from non-Western countries, there are still plenty of opportunities as many business owners require assistants in the same time zone or with localized knowledge.
Average Salary: $25,000 – $50,000 (salaries can go as high as low six-figures for highly specialized virtual assistants)
Fitness instructors are in demand more than ever post-2020, with people worldwide taking their health more seriously. Better yet, many fitness instructors can now work remotely.
The key to bringing in a solid income stream is finding steady clients, which means you will be doing more marketing initially.
Average Salary: $45,000 – $55,000 (you can increase income by creating courses and scaling)
With more companies than ever running video ads on social media platforms like YouTube or Instagram, voiceover artists are more in demand.
Another upside is modern software, and more affordable audio equipment make this easier to do from home. You can find clients on freelance sites like Upwork and Fiverr (learn more about how Fiverr works ).
Average Salary: $30,000 – $40,000 (top voiceover artists can make low-six figures and more)
Event planners work with individuals to plan weddings, parties, public events, and more. This could be a good opportunity if you have a flair for organizing the right people and an extensive network.
One thing to note is this is a better opportunity for individuals that live in larger metropolitan areas. For the right person, it's potentially a great business idea for young adults.
Average Salary: $50,000 – $100,000 (even more for company owners with a good reputation and high volume)
CVs and resumes can be a pain to write at best and anxiety-inducing at worst. Curriculum vitae writers can help with this by creating top-quality CVs for individuals.
If you have the talent for writing resumes and CVs and a strong understanding of many industries, you can make a decent bit of profit.
Average Salary: $50,000 – $60,000 (top writers working with executives can earn more)
Relocation specialists help arrange the entire moving process, from selling a home and purchasing a new one to handling the moving process. It's not a common job but still one of many cool business ideas for young adults.
This can be a good moneymaker, especially in larger metro areas with specialists who handle high-level corporate clients.
Average Salary: $60,000 – $72,000
Ghostwriters create content to be published under other people's names. This means freelance writing for blogs and niche or authority site owners at the lower levels.
However, top ghostwriters can earn a living penning celebrity memoirs and writing books for top-level executives.
Average Salary: $45,000 – $63,000 (top earners can make low-six figures and potentially more with royalty deals)
Social media consultants work with brands and businesses to improve their social media channels with strong social media marketing that resonate with their audience.
Top social media consultants who can drive traffic to companies and help shape their image are invaluable and can earn high-level compensation.
Average Salary: $55,000 – $75,000 (top earners can clear low- to mid-six figures or more)
Children and adults worldwide regularly pay top dollar to have experienced and dedicated native English speakers tutor them. This is one of the lower-cost teen business ideas to consider.
If you have teaching experience, you can work with students worldwide and create a full-time business. Tutors with corporate or other specialized expertise can command top dollar.
Average Salary: $44,000 – $50,000 (more can be made with enough clients hiring tutors)
If you have a knack for fashion and know where to find used and vintage clothing, you could be selling on sites like Pinterest and Instagram (and other social media channels) or even your own business with an eCommerce website.
Vintage and used clothing can be extremely profitable for someone who understands the market and target audience. For the right person, opening online stores is one of the best small business ideas for young adults.
Average Salary: $45,000 – $55,000 (top websites can earn much more)
Solar installers work with businesses and individuals to install solar panel systems on homes and buildings. It's one of the top business ideas for young adults that like to work outdoors.
The solar industry is growing each year, presenting many opportunities for installers. If you have the technical ability, this could be a good chance at creating a stable business.
Average Salary: $46,000 – $55,000 (top earners in high volume metro areas can earn low-six figures)
Wedding planners can help make people's special days go off without a hitch. Planners are responsible for everything from finding the right venue to organizing dining and floral arrangements.
For a young adult, working in a wedding planning company can help you quickly learn the ropes. Top-level wedding planners with industry connections and a solid network can carve out a profitable living.
Average Salary: $45,000 – $50,000 (top wedding planners in go-to destinations can earn low- to mid-six figures)
DJs do more than just play at clubs and earn good money providing entertainment for weddings, parties, and other events.
The startup can be expensive as you will need the right equipment. However, with a big enough network and solid marketing skills, you can quickly see an ROI.
Average Salary: $40,000 – $53,000 (skilled DJs in larger metro areas with good marketing skills can earn significantly more)
Mystery shoppers audit a business's services and provide valuable insights into the experience customers have when shopping.
While there are many lower-paid mystery shopper jobs, many companies are willing to pay top dollar for experienced mystery shopping firms that can provide actionable insights.
Average Salary: Varies greatly
While many people want to eat healthily, not everyone has the time. Deliver-to-your-door chefs solve this problem by creating meal plans and delivering to customers regularly.
This can pose a good opportunity if you have good culinary skills and a network willing to pay for regular services.
Average Salary: $40,000 – $62,000 (more in top metro positions)
Chimney sweeps inspect and clean chimneys for homes and buildings, helping to prevent potential hazards.
A chimney sweep company can turn a reasonable profit in the right location, especially if they are trustworthy and good with marketing.
Average Salary: $30,000 – $55,000 (companies in large metro areas with high volume can earn much more)
Food trucks have become a hot commodity in cities around the world. Owners can benefit from mobility, allowing them to change locations as needed to maximize revenue.
Startup costs for food trucks can be pretty steep. However, these costs can be easier to recoup in larger metro areas and college towns, and profits relatively high.
Average Salary: $40,000 – $55,000 (popular food trucks can earn low- to mid-six figures and even more by franchising)
Sales are still one of the best ways to make money if you have the right temperament for the job. Many businesses that can't afford a full-time sales team will outsource to sales agencies.
One benefit of a sales agency is the lower overhead. Your two primary expenses are labor and office space, so if you can hire the right people and work with reputable clients, you can do well.
Average Salary: Varies greatly based on clients (top sales agencies can clear mid-six figures to seven figures)
If you have a passion for food and enjoy cooking for large numbers of people, catering can be one of many good business ideas for young adults.
There are some upfront expenses for equipment, and you will need to be good with marketing and networking. However, with a solid business plan, these should be recouped quickly.
Average Salary: $48,000 – $70,000 (higher with a good reputation and in larger metro areas with more clients)
Post-2020, coworking spaces have become a hot commodity. With many office buildings closed down for extended periods, many employees moved to coworking spaces.
The great thing about coworking spaces is the lower overhead. Once you have a space paid off, your primary expenses are coffee and utilities. Depending on how many offices and desks you have, you can turn a decent profit.
Average Salary: Varies greatly (coworking spaces benefit from economies of scale, so more desks mean more profits)
More than ever, companies need talented people with the right attitude to handle their tech support lines and care for their customers. Most companies choose to hire out for this, which is where you come in.
You can start as a home-based tech support rep to learn the ropes. If you enjoy the business, there is quite a bit of money in setting up a thriving call center.
Average Salary: $35,000 – $50,000 (tech support call center owners can pull in low- to mid-six figures and more with dividends)
House sitters are responsible for taking care of a property owner's home while they are away. This can be short-term for a few weeks when people are on vacation or longer with seasonal vacation homes.
Typical responsibilities include keeping the house clean, taking care of the lawn, sometimes taking care of pets, and similar tasks. Get enough regular clients, and you can generate a decent income.
Average Salary: Varies significantly by property type and region (upscale vacation homes usually pay better)
Though the market may seem saturated, T-shirts are still a great way to make money and a great business idea for young adults. The good part is that breaking into the business has gotten cheaper over the years, especially if you create your designs.
You can test out different designs with dropshipping to see what works before purchasing in bulk (and check out our list for ideas of what you can buy in bulk and sell individually ). Sites like Printful make this quick and straightforward to set up.
Average Salary: Varies greatly (successful T-shirt companies can clear low- to mid-six figures)
The demand for craft beer and opportunities for creating a brewing business has never been greater. If you are interested in beer brewing, this is an excellent opportunity to create a career and business you enjoy.
One thing to note is the upfront costs of opening a micro-brewery are expensive. Initial equipment costs can be tens of thousands before factoring in space and operating costs.
Average Salary: Varies greatly (factors include how and where you sell and taproom size)
What Are Some Tips To Find The Right Business Ideas For Young Adults?
While opening your own small business can be an enriching experience, it's important not to leap without planning. Finding the right business ideas for young adults is only the first step.
Remember, 20% of small businesses fail before the first year finishes. Following the tips below can keep you from being one of them.
Market research can help you better understand your target audience and verify whether your idea has enough potential buyers to be sustainable.
While you may think an idea is solid, digging deeper will often reveal potential problems that can be avoided but could cripple a new business if not addressed.
Conduct thorough market research and make sure to look at everything from industry trends to your profit margins and competitors.
Business plans are the blueprint to your business and your go-to when questions arise. Your business plan will help you remain consistent and ensure that you have a guide when times get tough.
While creating a business plan may seem tiring and tedious, it is one of the most important steps you will take to ensure your business is successful long term.
If you've never created a business plan, you can find a template online or use a service like LivePlan to get started.
From experience, any business can have you swamped with work quite quickly. With most companies, this is what leads to failure as owners become overworked, underpaid, and stressed. The same holds true for even the best business ideas for young adults.
The key is to be organized from the beginning. Don't wait until the work is flowing in to begin arranging the administrative side of your business. By this time, it's too late.
Ensure everything from standard operating procedures (SOP) to forms and accounting are organized when you start your business.
A great book that can change how you think about your business or a business you want to open is The E Myth Revisited by Michael E. Gerber.
This book will help you avoid the trap of being disorganized, which can lead to creating a few full-time jobs you have versus a business you love.
While most people don't want to hear it, the key to success is to get out there and create authentic and reliable relationships with potential customers and other entrepreneurs.
Remember that at the end of the day, all businesses are in the business of people. It is people who pay you and people who will recommend your service to others, creating a network of regular customers that can help your business succeed.
The best way to start is with your immediate network of friends and family. However, you may want to look into local networking groups such as BNI or your local Chamber of Commerce, depending on your business type. And for an online business, the world is your oyster.
Another of the most common reasons new businesses fail is due to lack of funding or not enough funding. You will need money to manage operations in the beginning until you are turning a profit.
Securing enough funding will be essential to ensure you have the cash flow needed to keep going in the beginning (learn about different sources of funding for businesses here). This funding can come from the following sources:
- Business Loans
- Funding From Investors
- Savings (Founders' Capital)
Make sure you work out how much cash flow you will need for the first three months, six months, and the entire first year in your business plan (and for more ideas, check out our list of assets that generate cash flow ).
Factor in the high end and low end in terms of revenue growth to ensure that you always have enough cash on hand as your business grows.
Some of the most successful business owners in the world will tell you continuing education is essential to remain successful over the long term.
You cannot remain static in your knowledge and continuously expect to succeed in a non-static environment.
Whatever business you decide to open, ensure that you continually update your knowledge base through courses, events, and mentorships. You may also find value in the best Udemy courses in business, marketing, and more.
Don't be afraid to spend money either. You might be surprised at how much successful business owners spend each year on continuing education. For some, it can be in the tens to hundreds of thousands. However, if you see a return on that investment, then it's worth it.
Creating a business as a young adult can be an exciting and rewarding experience. Done right, you can start a profitable business that gives you freedom and opportunity in the way a regular 9-5 wouldn't.
Don't think that you will see success in the beginning just because you get started. There will be a lot of work involved. Creating a successful business requires hard work, consistency, and patience to see the fruits of your labor.
Also, remember that the goal of these business ideas are to help you create a business, not a job. Know when to hire out and when to scale so you don't get stuck with a job you hate.
If you can find the right business idea for young adults, and successfully navigate the potential pitfalls of owning a small company, you will find yourself greatly rewarded for your efforts.
Devin is a former journalist turned content writer and strategist.
He spends his time working with businesses to create content-forward marketing plans. On the side, he tinkers with authority and niche sites in between traveling with family.
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40 Startup Ideas to Try in 2022
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Coming up with brilliant startup ideas may feel tricky to aspiring entrepreneurs, especially when it may seem that everyone’s already swooped up every good idea for a business. Still, it’s entirely possible to become successful by improving on existing products or putting a unique spin on an old idea.
The benefits of self-employment can make the effort of launching a startup worth it. In addition to the freedom that comes from being your own boss, starting a business can bring greater job satisfaction and higher earning potential.
40 startup ideas
Even startup ideas that seemingly come out of left field can yield incredible success. Read through this list for instant inspiration and get your creative gears turning.
1. Create educational content or activities
Parents are always looking for tools and activities to keep their kids entertained and engaged. Printable activity guides for different age groups, home-school lesson plans or even virtual nature walks or story time could all be viable startup ideas.
2. Offer virtual team-building
Companies need new ways to boost morale and build camaraderie among remote and hybrid teams. Enter the virtual team-builder. Cheesemongers, mixologists, chefs, magicians, artists, historians, master gardeners — almost anyone can create and offer bonding experiences for virtual companies.
3. Start a meal-prep business
By 2026, more than 217 million people in the U.S. will use online food delivery services. Tap into that market and start a meal-prep service to make people’s lives easier and cater to specialized diets (keto, vegan, Whole30).
4. Create a food waste solution
Creating a startup focused on reducing food waste could not only earn you some serious funding, but also positively change the food system and help save grocery stores and restaurants money.
5. Capitalize on plant-based foods
The U.S. plant-based market is exploding, with sales of plant-based foods doubling in recent years to $7.4 billion in 2021. Creating a vegan supermarket or making meat-free versions of traditional foods could be the ticket to success for aspiring entrepreneurs.
How Much Do You Need?
6. Start a drop-shipping business
The e-commerce business model of drop-shipping is especially attractive because it doesn’t require you to purchase inventory upfront. Selling higher-end products with low shipping costs could become profitable quickly if you do thorough competition research.
» MORE: 25 low-cost business ideas
7. Curate subscription boxes
Subscription boxes are a $22.7 billion dollar business globally, and the industry is still set to grow. Pick a niche, and then curate a collection of specialized goods to deliver unique experiences to consumers. Some subscription boxes focus on makeup; others focus on sustainability. Find the right starting point for you and run with it.
8. Create an airport-centric app
Creating an all-in-one app that allows travelers to navigate unfamiliar airports with real-time information is a relatively untapped startup idea. Though various travel applications exist, an app that shows amenities, TSA line wait times, ground transportation options and airport maps could be useful to passengers.
9. Become a destination wedding planner
The coronavirus pandemic added an extra layer of stress to destination weddings, creating added demand for wedding planners who can help manage wedding and travel logistics, including local guidelines and testing requirements. If you love exploring, are great under pressure and don’t mind working long hours, this could be the startup idea for you.
10. Make local guides
Even if you don’t consider yourself a local expert, creating local guides can get you familiar with your surroundings and help tourists enjoy off-the-beaten-path experiences in your area. Make themed guides, highlight attractions and partner with local businesses for advertising opportunities.
» MORE: 25 side business ideas
11. Create a local grocery delivery service
A grocery delivery startup can come with minimal setup costs — you only need a vehicle and a cell phone to get started. Help older people or others who are too busy to shop by offering this community-friendly service. You can even approach grocery stores in your area to see if they're willing to partner with you to get the service off the ground.
12. Start a virtual event planning company
Virtual event planning is a new booming business as in-person gatherings go online or take a hybrid approach. A skilled planner who can ensure all attendees are engaged, regardless of location, will be in high demand for years to come.
13. Sell zero-waste products
Starting a zero-waste company is more than just a trendy thing to do; it can be an ethical, environmentally conscious decision. Selling sustainable products such as reusable bags, bamboo toothbrushes or products with zero-waste packaging could appeal to a growing number of sustainability-focused consumers.
14. Make products for pets
Create innovative pet products to take advantage of the fact that 70% of U.S. households (about 90.5 million families) have at least one animal companion. Look into developing toys, accessories or even clothing for furry friends.
15. Create custom clothing
Selling custom clothing or offering a tailoring service could be your winning startup idea. The custom clothing industry is gaining popularity and offers room for long-term growth.
16. Sell vintage clothing online
Demand for sustainable fashion has helped propel second-hand clothing into a $36 billion industry in the U.S. with projections to double in the next five years. Consider selling thrifted, vintage or upcycled clothing on social media, an ecommerce platform or an app such as ThredUp or Poshmark.
» MORE: 14 profitable ecommerce business ideas
17. Begin niche blogging
Find a niche (think e-sports or urban farming) and create engaging content around it. You can earn money through advertising, affiliate links and even product sales once you build an audience.
18. Become an e-book writer
If you’ve got a way with words, consider becoming a self-published author and selling e-books on virtual platforms.
19. Start ghostwriting
Create content for busy professionals who don’t have the time or the skill to write themselves. If you don’t mind not attaching your name to your writing, ghostwriting is a great way to earn money with little to no startup costs attached.
20. Become a resume writer
Everyone needs a resume, but few people are skilled at or enjoy writing their own. If you’ve got writing experience and are looking to launch a startup with no setup costs, creating a resume-writing service could be the path for you.
21. Open a coworking space
Capitalize on the rising popularity of remote work by creating a modern coworking space that addresses pain points of entrepreneurs. Pick a convenient location and build it out with highly sought-after amenities.
» MORE: 35 businesses that every community needs
22. Become an online coach
If you enjoy helping others achieve their goals and are a people person, this startup idea could be fulfilling for yourself and for your clientele. You can provide wellness, business or life coaching.
23. Flip failing websites
Buy an existing website, make improvements on it and sell it for a profit. You’ll need to understand the market well and have some web development skills, but this can be a profitable pursuit.
24. Become a web developer
The need for custom websites isn’t ever going away, and if you know your way around WordPress or know a programming language or two, you can start a profitable website development startup.
25. Start a podcast
If you’re deeply knowledgeable or passionate about a subject, consider getting into podcast production or hosting. Building an audience takes time, but once established, podcasters can earn money through affiliate marketing, donations and sponsorships.
26. Be a social media influencer
Once you find a niche and build a personal brand, amassing a large following on Instagram or YouTube can lead to a solid source of income through influencer marketing.
» MORE: 30 Instagram business ideas
27. Create online courses
Obscure hobbies can lead to lucrative business ideas if you make them easy for others to learn. If you’d like to teach others but aren’t interested in the coaching route, creating an online course could lead to reliable passive income.
28. Become a marketing consultant
If you’ve got digital marketing chops, help small businesses reach their target audiences by providing SEO, social media or copywriting services.
29. Develop an app
If you’ve got a unique idea and the necessary technical skills, creating an app could be your gold mine. It’s also possible to build an app without extensive coding skills, and once it launches, it can bring in passive earnings.
» MORE: 25 tech business ideas
30. Make a smart appliance
Smart accessories and home appliances are all the rage and becoming an important part of daily life for the average consumer. For inspiration, take note of daily tasks at home or at work that would be easier with a smart appliance.
31. Tap into virtual reality experiences
VR is the future, and the future is now. Create virtual reality experiences or accessories to tap into a global industry that’s projected to grow to a $44.7 billion market by 2024.
32. Make a niche dating site
The stigma around online dating has decreased over the past decade, so take the opportunity to help others find love. With various dating sites targeted to everyone from sea captains to farmers, there is market demand for specialty dating options.
33. Develop a chatbot
Create a chatbot — which uses artificial intelligence to communicate with people — to help businesses improve their communication. Chatbots have become more popular in recent years, and you can create one without knowing how to code.
34. Offer matchmaking skills
This is like creating a dating site but with a personal touch. If you have a knack for knowing what types of people and which personalities get along well, you might be the perfect person to start matchmaking. You can do this online or meet clients in person as well.
35. Be a virtual assistant
Being an online assistant for someone, or starting a company of virtual assistants, can be a huge success. Everyone could use a little extra help, and creating a startup focused around getting people that help for the administrative tasks in their lives, professional or personal, can be a huge moneymaker.
» MORE: Home-business ideas: 40 remote jobs to explore
36. Reinvent exercising
If there's one thing people get bored with, it's doing the same type of exercise day in and day out to stay healthy. Plenty of people have turned the exercise industry on its head, with businesses like CrossFit and Peloton popping up. You can do the same if you have an idea for a new regimen or activity for exercise enthusiasts.
37. Create eco-friendly, health-friendly makeup and beauty products
As people become more aware of the impact their personal choices have on their health and on the environment, they're looking for more health and beauty products that are also eco-friendly. Creating safe and eco-friendly products could be a great startup idea.
38. Open a food truck or restaurant pop-up
Opening a food truck or restaurant pop-up is a great startup idea for entrepreneurs with a knack for cooking. Both options are easier to launch than a full-scale restaurant and allow you to get started with a smaller staff and menu. You can open a food truck that only sells french fries with crazy toppings, for example, or launch a breakfast sandwich pop-up in your neighborhood coffee shop.
39. Start an organization business
Shows like "Tidying Up With Marie Kondo" and "The Home Edit" put professional organizing on the map, exposing millions to the magic of a tidy home. If you have a knack for making order out of chaotic spaces, you could start a business offering those services to those who need them. Organizing kitchen pantries, closets, bookshelves and more are all options you could offer customers at your new business.
40. Do interior design for young professionals
Have an eye for decorating? Start an interior design business, offering your services at an hourly rate virtually to young professionals looking for inspiration. It can be as simple as them uploading some images of their new space to your site and you sending back a few links with furniture in their budget and example images of what the room might look like when it's finished.
How to choose a startup idea
Do your homework before diving headfirst into a startup idea. First, make sure there's demand for the business you want to start, where you want to start it. More than 35% of businesses fail because there isn't a market need for their services or product.
You also need to write a business plan , which should include your company’s objective, sales plan, market analysis and financial projections. A good business plan can help to keep your business on track. Lenders will also want to see your business plan when considering you for a startup business loan . You should also consider the skills you already have and see how those align with any of the startup business ideas you might go with.
at Bluevine, Deposits are FDIC Insured
The bottom line
Whether you choose from one of these startup business ideas or come up with your own, opportunities abound for entrepreneurs motivated to make money and start an endeavor all their own.
This article originally appeared on JustBusiness, a subsidiary of NerdWallet.
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10+ Best & Profitable Young Entrepreneur Business Ideas in 2023
Whether you’re a budding entrepreneur looking for a new idea or an existing business owner trying to stay ahead of the curve, it’s crucial to be aware of the latest trends and innovations in the business world. As the global economy continues to evolve, opportunities for young entrepreneurs are opening up faster than ever before. In this article, we’ll look at ten of the most profitable and promising business ideas for 2023 that any young entrepreneur can take advantage of. From creating innovative digital services to leveraging emerging technologies, these exciting ventures are sure to provide plenty of profitable opportunities. Each one offers its own unique advantages, so make sure you do your research and pick the one that's right for you! With creativity, determination, and a willingness to keep up with the cutting edge in business trends, there is no limit to what you can achieve as a young entrepreneur in 2023.
Get worry-free services and support to launch your business starting at $0 plus state fees.
Our List of 10+ Best Young Entrepreneur Business Ideas:
1. online tutoring..
Online tutoring is a great business idea for those looking to provide quality educational services to a wide range of students. With online tutoring, students can receive personalized instruction and guidance from certified, professional teachers from the comfort of their own homes. Additionally, online tutoring provides teachers the ability to reach more students than ever before. Here are some key benefits of starting an online tutoring business:
- Flexible working hours
- Affordable start-up costs
- Wide selection of course materials
- The ability to tailor programs to individual needs
- Access to global markets
- Potential for rapid growth and profitability.
Form an LLC in your state!
2. Virtual Assistant.
A virtual assistant is a contracted employee who works remotely, often to provide administrative, creative, or technical services. As a business idea, a virtual assistant can be appealing because it allows entrepreneurs to get the services they need without having to commit to an on-site employee.
- Low overhead: no physical office space needed
- Flexible staffing: hire assistants for short-term projects or specialized tasks
- Cost efficiency: hire assistants at a lower rate than an in-house employee
- Access to skills from around the globe: hire experts from different disciplines and countries
3. Online Marketplace For Handmade Goods.
An online marketplace for handmade goods is a great business idea for those looking to sell unique, one-of-a-kind products. By creating an online store that specializes in handmade goods, entrepreneurs can tap into a growing market of customers seeking to buy unique, quality items.
- Customers seek out handmade goods because they are able to purchase something that is not only attractive and inspiring, but also made with care and quality materials.
- Online marketplaces for handmade goods provide entrepreneurs with a global outlet to reach customers who may not have access to brick and mortar shops.
- By offering items through an online marketplace, entrepreneurs can increase their customer base and expand their visibility.
- The ability to create an online presence allows entrepreneurs to create a personalized shop where they can customize their products and make them stand out.
- Handmade items are often more special than mass-produced items due to the care and attention put into them, making them highly desirable.
4. Subscription Box Service.
A subscription box service is a monthly or quarterly package of goods delivered directly to a customer’s home. This type of business can provide customers with convenience and the opportunity to discover new products at an affordable price. It makes for a great business idea because:
- It allows customers to sample and experience new products.
- It offers the convenience of having items delivered directly to their doorstep.
- Often customers get more savings than they would buying products individually.
- It provides businesses with opportunities for repeat sales over a period of time.
5. Event Planning Business.
A event planning business is a business that provides services related to the planning, coordination and execution of special events. This includes everything from corporate events, business meetings, conferences, weddings and engagements, birthdays and anniversaries, brand launches and more. Event planners help clients make an impression by offering custom solutions to meet individual needs. They coordinate all aspects of the event such as venue selection, catering services, audio/visual support, activities for guests, entertainment and decorations.
- Much of the work can be done virtually
- Helps clients create memorable experiences
- Competitively priced services
- Requires minimal startup capital
- You can showcase innovative ideas every day
- Caters to a wide market
- Opportunities to create long-term relationships
6. App Concept And Development.
A app concept and development is the process of creating software applications for handheld devices, such as smartphones and tablets. It involves analyzing the client’s needs, deciding on a design and layout, developing the code for the application and testing for quality assurance. It can be an excellent business opportunity as it can provide potential customers with convenience, much-needed services, convenience of use and more. Here are some benefits of creating an app concept and development business:
- The potential to reach a larger market than with traditional advertising strategies.
- Ability to increase sales or revenue by providing customers with access to additional features.
- The ability to offer customers higher levels of service.
- Cost savings can be achieved by avoiding expensive printing costs.
- Opportunity to increase brand visibility by providing customers with easy-to-use access to products or services.
- Opportunity to create loyalty by sending customers notifications about new products or services.
7. Organic Skincare Products Business.
Organic skincare products are natural skin care products which are produced with natural ingredients instead of synthetic compounds. Organic skincare products can include lotions, soaps, serums, toners and more. The benefits of these natural products include that they are often hypoallergenic and can be gentler on the skin than conventional skincare products. As a business idea, organic skincare products have a lot of potential due to the consumer demand for natural and organic options.
- Organic skincare products can be made from plant-based ingredients
- Organic ingredients may be gentler for sensitive skin types
- They are produced without harsh chemicals or animal byproducts
- Organic skincare business owners have the potential to make a significant profit margin
- There is an increasing demand for organic and natural skincare potions
8. Professional Organizing Services.
Professional organizing services provide help to individuals, families and businesses with organization of physical spaces, filing systems and calendar management. It is a great business idea for those who have an eye for detail and like helping people be more efficient with their organizing projects. Professional organizing services can include:
- Decluttering closets, pantries, garages etc.
- Creating filing systems
- Setting up storage solutions (shelving, bins, cubbies)
- Organizing offices and desks
- Developing organizational tools and processes
- Teaching organizational skills and habits
9. Graphic Design Services.
Graphic design is a creative process that combines art and technology to communicate ideas. It can be used to create visuals such as logos, brochures, business cards, websites, album covers, posters and much more. Graphic design services make a great business idea because:
- It can provide an ongoing source of income for creative entrepreneurs.
- It can be done remotely and with the use of technology.
- The high demand for graphic designers allows for charging competitive pricing.
- Service providers can specialize in certain areas to cater to specific customer needs.
10. Online Blogging.
Online blogging is a form of content creation that allows individuals to share their thoughts and ideas in the form of written content. It involves creating blog posts that are posted on the internet and can be viewed by anyone who has access to a computer or mobile device. Blogging can make a great business idea as it can help you generate an income while also providing value to readers. Here are some of the benefits of starting an online blog as a business:
- It allows you to reach a wider audience.
- You can generate passive income from advertising, sponsorships and affiliate links.
- It gives you the opportunity to build your brand and establish yourself as an expert in your field.
- It helps to cultivate relationships with other bloggers and potential customers.
Successful Examples of Young Entrepreneur Businesses:
Young entrepreneurs have been integral in the development of a variety of businesses that have achieved success. Here are some examples of companies that have been started by young entrepreneurs:
- Blizzard Entertainment
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55+ Business Ideas For Teens & Young Entrepreneurs in 2022
Last updated on: November 21, 2022 by Arunima Singh
Are you a teen looking for a way to make some money? Check out these business ideas for teens and get started today!
And rightly so.
Being a teenager, many people would have advised you to focus on your studies or school, or just be a kid, when you know in your heart that you will be successful in your business.
Next time someone tells you that you’re “too young” to start a business, tell them about Mark Cuban , who started selling garbage bags from the age of 12 and eventually became a billionaire or remind them about Warren Buffett , who started selling chewing gum from the very young age of 6!
If people had told them that they were “too young”, they might not have been where they are now.
But before you jump at the ideas listed below, have a look at the advantages and disadvantages of starting a business in your teenage years.
- Low investment.
- You can experiment with your career.
- You can learn essential skills that aren’t taught in school.
- Be independent of an early age.
- Takes time and effort.
- Might take a toll on academic performance.
- Difficult to maintain work-life balance.
- Legal formalities can be a roadblock.
1. Start dropshipping
2. sell handmade products, 3. garage sale organizing business, 4. gift basket service business, 5. videographer/photographer, 6. proofreading business, 7. scrunchies store, 8. digital art store, 9. graphic designing, 9. skincare store, 10. haircare store, 11. candles store/home decor store, 12. handmade jewelry store, 13. recycling services, 14. thrift store, 15. t-shirt designing business, 16. social media influencer, 17. become a reseller, 18. podcast business, 19. conduct online courses, 20. be a personal gym or fitness trainer, 21. language translation service, 22. website designing, 23. door-to-door delivery services, 24. wedding/event planner, 25. start a food truck, 26. become a language teacher, 27. become an mua (makeup artist), 28. be an affiliate marketing partner, 29. consulting services, 30. social media manager, 31. organic food catering, 32. become a freelance writer, 33. open a gluten-free bakery, 34. pr or image consultant, 35. become a subscription service owner, 36. life coach, 37. mobile pet grooming service, 38. open a cafe, 39. home cleaning services, 40. start an online marketing agency, 41. automobile repair service shop, 42. mobile app developer, 43. be a tour guide, 44. iot service and solutions provider, 45. offer 3d printing services, 46. uber or ola driver, 47. offer rentals, 48. digital marketing campaign manager, 49. self-publishing business, 50. currency trading, 51. become an seo expert, 52. open up a fashion boutique, 53. purchase a franchise, 54. online bookkeeping, 55. niche website owner, 56. blogging/vlogging, 57. open a tattoo studio, 58. start an outsourcing business, small business ideas for teens in 2022.
With the above criteria in mind, let’s take a look at small business ideas for teens.
Yeah, yeah, I know, this is too mainstream, but this is one trend that has not become boring yet. Most of the trading done online is under the dropshipping model of business only.
In fact, you can start many of the ideas listed later in this article under this model and make the online business even easier for yourself.
Why gift your handmade things for free, when you can earn from them?
These products can range from jewelry, accessories, pottery, and furniture, to artifacts, art, etc. If you have deft hands and want to make use of them.
You can work as a garage sales organizer for people who are, well, too lazy to do it on their own. Running a successful garage sale is no small feat. You need to know which items to showcase in the front, which ones in the back, how to price them, and how to catch people’s attention.
Put your natural organizational and sales skills to use for this side hustle. You can also sell some of those garage sale items in your online store.
Well, these are Sheldon’s words, but if you don’t agree with them and absolutely love gift shopping, have a go at this option. With more and more options available in the market, giving gifts has become increasingly difficult and tiresome for some people.
If you are one of those people who always seem to know exactly what to give to someone, use your “gift”, to pick the perfect present for your customers.
Pictures are forever. If you can find a way to make every moment special with your lens, use that skill to earn some cash. You can either freelance as a photographer or videographer for events, or click and upload your original work on your website where people can buy them to use good quality images.
Product photography is a good line of the photography profession to try out, and you can make a swift buck with it.
If you know the difference between except, accept, and expect, or you can correctly use then and than, you’re better than many native English speakers.
Use that expertise and start a proofreading business to channel your inner “grammar nazi” and help other businesses, writers, and professionals perfect their content online.
These days, Instagram is crawling with beautiful scrunchies that adorn people’s luscious hair. People absolutely love these hair tie-cum-accessory which they can wear on their hair and wrists, and look stunning either way.
If you are skilled at digital art, be it digital photography, computer-generated media, or darkroom and digital installation art.
If you have the required skill set, you can start a graphic designing business and do freelance work.
You can work on a contractual basis or even be the exclusive partner for brands where you provide them with their logos, branding elements, and other requirements.
With the life we lead today, our bodies are exposed to so many harmful elements that affect us negatively, inside and out. That’s why healthy eating and skincare have become extremely important these days.
Just like skincare, haircare has also become very necessary among one and all. All the pollution, exposure to the sun, and lack of nutrition have adverse effects on people’s hair just as much as their skin. With natural products being introduced in the market every day, you can open your very own all-natural online haircare store.
These products can be things that your customers use on their scalp or eat/drink to enable healthy hair growth.
Home decor was always popular and is one thing that always keeps changing with time. You can open your own candle & home decor store where you can sell candles , aroma diffusers, and other decor products all in one place.
And because of its fickle nature, you will always have a steady flow of customers provided you keep up the quality of your products and customer experience.
Jewelry is used on so many occasions, to mark important events, to show our love and appreciation for the special people in our lives, and also to mark things that are forever.
If you have an eye for classy jewelry or can make quirky pieces yourself, think about starting a jewelry store online as your teen adventure in the business world!
If you want to run an environment-friendly business and earn profits for yourself, start a recycling business. The basic idea here is to collect redeemable things from people who generally throw them away, and make something useful out of them.
Then, you can sell those recycled, sustainable products to your customers through your online store, just like these!
While we are on the matter of sustainability, let’s discuss the apparel industry, which collectively contributes heavily to the waste generated by industries. In fact, if this trend continues, by 2050, over 150 million tonnes of clothing waste will block landfills.
Fleeting trends, ever-changing styles, and low-quality products are the main reason for this waste, but there are things that can be done about this problem. Through a thrift store , you can sell these old clothes that are trash for someone, but a treasure for another.
T-shirt designing is a whole new subsection of the t-shirt industry that has arisen in the past few years. This business is amazingly lucrative and although it requires some investment, it runs a very low risk of loss. What’s even better is that teens are the best choice to run this kind of business as they are the ones who set these trends that go on a t-shirt.
You can design as well as sell your t-shirts in your online store directly to customers.
Social media influencer is a word that did not even exist a decade ago, before the launch of platforms like Instagram and TikTok , but now, it is a mainstream career option. Many people have made full-time careers out of this and lead fun life as well.
If you have the talent to promote other businesses, influence (in a positive and genuine manner) your followers to hang on to your every word, and of course, a huge following on social media, you can be a social media influencer.
Reselling businesses have been in existence since long ago, but with everything going online, reselling more or less started to be associated with fraud and got a bad name.
Podcasts are very popular these days, and most audio streaming platforms are proudly hosting multiple podcasts on various topics on their platforms. If you feel that you are a talented orator, and can capture your audience’s attention just with your voice, start a podcast.
You can talk about anything that interests you and your listeners, and remember to engage with them as much as possible to maintain that connection.
Businesses on online courses are among the best trade models for teens and young entrepreneurs. If you have a skill you think you can use to train others, you can quickly capitalize on that skill by creating and selling an online course.
You must search for the right platform and invest in the necessary resources to develop your program.
Today, most people strive to maintain a healthy lifestyle by exercising daily. Since personal fitness training is a booming market, you can take this opportunity and share your passion for fitness with others by becoming a trainer.
You can join a gym as a fitness instructor or give fitness sessions from home. You can even sell your fitness mantras online by conducting virtual fitness classes.
If you want to advertise your online fitness class, use social media to promote your offering. Try running a fitness challenge or quiz and offer rewards. Work with influencers in the niche to ensure your business is visible online.
Although AI translation is seeing massive advancements every year, the demand for human language translators is still high these days. If you are fluent in a language other than your native language, you can teach it to others and earn a lot of money.
Open a freelance language translation service business and search for clients online. You can even work on offline legal contracts and other documents that need to be translated into another language.
In today’s era, where everything has gone digital, businesses are looking for ways to sell their products online. There are a plethora of companies and brands that are in constant need of a high-end and user-friendly website.
As a programmer and website developer, you can kick start your journey as an entrepreneur by developing websites for businesses. You can use platforms like WordPress to earn six figures every month.
Since the COVID-19 pandemic, everything is being sold online and delivered to homes, from groceries to apparel and even medicines.
That’s where you can come in. Start a door-to-door delivery service business, deliver products to the customers, and earn high returns.
If you have a knack for organizing events, you can turn this opportunity to your advantage. Why not look after the arrangements for the events in your area? Start small by organizing birthdays, weddings, and retirements in your locality, then expand your services by taking your event planning business online.
Get in touch with your neighbors, restaurants, hotels, and other physical venues that can drive more customers through the door. To make your event planning business a class apart, build connections that last. Create interactive events and partner with affiliates and influencers to spread the word about your business.
Also, optimize your website (if any) and create promotional content. Do not forget to use social media platforms to promote your brand.
A research analysis of the Global Food Truck Market states that the market is estimated to reach USD 5.78 billion by 2028. In India, the future of food trucks also seems bright in the coming years.
Food trucks are a much cheaper alternative to restaurants and roadside eateries. If you are a cook and love serving food, opening a food truck can be a lucrative move for you.
To make your food truck stand out from the crowd, your vehicle should be visually appealing. Take catering work for clubs, hotels, restaurants, and other venues. Create a brand and promote it on social media. Furthermore, get a gist of what is trending in the market and experiment with famous recipes accordingly.
Lastly, keep adding exciting options to your menu from time to time.
- List of Food Business Ideas
If you have already graduated and have foreign language skills, you can teach languages to high-school or university students. You can also learn a language first and then teach others from the comfort of your home using Skype and social media.
Apart from English, some of the languages in great demand today include Mandarin, Chinese, Spanish, German, and French. Get skilled in a language of interest and share your knowledge with others by conducting teaching sessions online.
You can start a makeup service business if you have makeup skills down pat. You can even start a makeup channel on YouTube and share your tricks with others. Monetize your social media platforms by being a makeup influencer and earning significantly.
If you are a newbie, get certified before becoming an entrepreneur. Your unique style, great makeup skills, and positive personality will bring customers to your door in the beginning.
Once you are on track, you can promote your business with business cards, influencer collaborations, and by attending makeup artistry fairs. Make sure you create a great portfolio showcasing your work and clients.
Today, a separate world of affiliate marketing online is extremely profitable. Even if you are a beginner, you can generate a good income by becoming an affiliate marketing partner for brands and businesses.
You just need to partner with online companies, create good content for them, and promote their products or services. In return, you will earn commissions on the sales.
You can start your own consulting agency if you are skilled in a particular niche or area, such as technology, data analysis, law, etc. Generally, consulting services fall under B2B and can be extremely profitable if you land some large corporate clients. You can even open an online consulting firm and hire experts to service more clients.
An online consulting business must invest in advertising for long-term success. Leverage Google and social media ads to gain visibility online. Host events, get referrals, and reach out to potential customers directly. You can also launch email newsletters and reach your target audience.
The social media space is full of marketers that use their time on the internet to help meet business objectives for their clients. You can handle social media accounts for different companies simultaneously and help them reach a larger audience by strengthening communications from their end.
Advertise your ability to drive sales by building your portfolio. Include your expertise in handling different social media platforms, such as Instagram, Facebook, LinkedIn, and more.
If you are interested in the organic food catering niche, you can specialize in different cuisines and sell your organic food to restaurants, clubs, hotels, and other clients.
To open an organic food store, find a suitable location and secure it. Obtain the required permits. Choose the organic food items you want to sell and set their prices. For selling, management, and logistics of your store, hire manpower. Finally, market your organic food store offline and online.
Have great writing skills? Leverage the opportunity of selling your writing services by becoming a freelance writer. Ditch your 9-5 grind and start working from home as a writer. You can write for multiple clients and businesses and help them promote their products/services online.
Read and write daily to improve your writing skills. Decide on a niche and specialize in it. Do not forget to build your portfolio and market your writing.
According to statistics, the Indian gluten-free food and beverage market is expected to grow at a CAGR of 8.92% from 2022 to 2027. Since the bakery is an evergreen business, you can start a gluten-free bakery with a low investment.
Start with gluten-free cakes and bread, and then add more items to your menu to scale up and sell more. The best way to make a name for yourself is to use Instagram and Pinterest to market your baked goods. Post high-resolution pictures of your products and ask your followers to share them. Use relevant and trending hashtags. For Pinterest, you can even share your bakery tutorials and baking recipes.
Many companies and big-wigs in multiple industries use image consultants to assess and align their professional or personal image with their goals.
If you have knowledge of a particular industry and are familiar with public relations, you can easily be a PR or image consultant.
Did you know Amazon currently has over 200 million Prime subscribers across the globe? Recent stats also indicate that its retail subscription model earns $25.21 billion in annual revenue. The whopping numbers and the predictable nature of the subscription model are some of the reasons young entrepreneurs choose to get into the subscription business.
You, too, can start a subscription business with something you are passionate about.
Almost everyone needs a mentor at some point in their lives. A good life coach or mentor uses their past experiences and expertise to add value to others’ lives. Even if you are in your mid-30s, you can choose to devise growth strategies or give general advice and make a difference.
You can even start hosting a podcast series and share valuable experiences and knowledge with other people.
There isn’t a dearth of pet owners in the world. Many owners shell out huge bucks from time to time to keep their pets well-groomed. You can provide a mobile pet grooming service and earn thousands of dollars every month.
Pet daycare services and even opening a pet store are other great options to count on.
You can be a cafe owner if you love coming up with creative recipes for preparing coffee and snacks. You don’t have to rent a large space to open a commercial cafe. Use your garden, backyard, or deck and convert it into a residential cafe.
Keeping their home clean and organized is the priority of every homeowner. For this reason, the cleaning service business is a great option to rely on if you have an entrepreneurial mindset. To start a home cleaning business, hire domestic cleaners. With word-of-mouth marketing, you can easily enjoy high returns.
Marketing plays an indispensable role in the success of a business. Whether digital marketing, inbound marketing, or social media marketing, it helps the company create brand awareness, reach a target audience, and generate leads.
If you possess marketing expertise, use this niche and capitalize on your skills to earn a good living each month.
Opening an automobile workshop or repair shop is a lucrative option for young entrepreneurs. Although you may need funds to rent a garage or a workshop, a few smart strategies, such as a disciplined approach to finances, local coupon advertising, etc., can help you save big in the long run.
If you have graduated in computer science or IT or have impeccable coding skills, nothing can be better than developing mobile applications and selling them to tech giants. You may also partner with other software developers and work on multiple mobile app creation projects.
Experiment with cloud-based apps, mobile wallets, AR/VR, IoT, and even chatbots for a high income.
Are you a travel fanatic, and have you covered multiple destinations? Or are you familiar with tourist spots in your area? If so, starting a guided tour business is a wonderful opportunity for you to kick-start your entrepreneurial career.
You can also consider setting up a website and offering travel tips, tour packages, flight and accommodation booking services, etc.
The Internet of Things (IoT) is expanding faster every year. Today, almost every business or organization needs IoT services or solutions. Reap the benefits of this opportunity by becoming an IoT service and solutions provider.
From helping businesses design, build, and install IoT infrastructure to offering IoT support and maintenance services, there are tons of options to earn money in this field.
3D printing has taken the world by storm. Invest in a 3D printer and build a successful printing business by producing prototypes for brands and companies.
Some of the other innovative items you can create using 3D printing include toys, eyeglasses, home decor, jewelry, and smartphone cases, to name a few.
Anyone who considers themselves a good driver can contact Uber or Ola and make a decent living by driving cars for their customers. You may need training and a valid four-wheeler license to work for these ridesharing companies.
Today, people love renting things since it’s cheaper than buying. You can offer rentals through a rental company and earn a million every year. Decide on a niche, study the market, and get the ball rolling.
Some of the most profitable rental options for teens and young entrepreneurs include car rentals, residential property rentals, domestic goods rentals, and office space rentals.
Since the digital world is booming these days, businesses are looking for digital marketing campaign managers to drive their sales. You can easily start a digital marketing company if you understand SEO, social media, email, advertising, and other online marketing tools.
Once you know what you are doing, you can also opt to cold-call local businesses to promote your services.
Writers out there! You can self-publish your books and earn lakhs a year. Write a compelling book and then proofread it with the help of a professional editor. Finalize your manuscript, get your book cover designed, and launch your book on a suitable platform.
With an infinite number of online courses, tutorials, and applications, it is easy to become a currency trader. You need to open a forex trading account with a broker to carry out currency trading. Begin with small investments, and when you excel, invest big to earn big in the live currency market.
Search Engine Optimisation ( SEO ) is a skill required to successfully operate any web business. If you are an SEO professional, you can start your own SEO company and help online enterprises to rank on the first page of prominent search engines like Google.
If you are a newbie, you can start by first learning the basics of SEO and understanding SEO strategies and tools.
Fashion designers with an entrepreneurial mindset can start a fashion boutique and sell their innovative fashion ensembles. Write a business plan, create your products, give your boutique a name, and start selling. You can also take your boutique online and sell your designs to high-end fashion brands.
Franchises are is often overlooked, but they are highly profitable businesses. You can purchase a franchise if you want to join the world of entrepreneurs. Determine market interest, research startup costs, choose a location, and sign the franchise agreement.
Like many other businesses, bookkeeping has also gone digital. If you are an accountant, you can tap into this opportunity and start an online bookkeeping business. This will not only help you ditch your 9-to-5 job and give you personal freedom but also collaborate with ease with multiple clients simultaneously.
Choose your niche, build your site, conduct market analysis, and create content competitors miss out on to earn traffic. Use SEO strategies and content promotion tools before experimenting with monetization.
Blogging and vlogging are all the rage these days. While sitting at home, you can create quality content and publish it online to earn high six figures. You can create your own blog and offer an option for guest posting. For vlogging, you can start a YouTube channel and capture a worldwide audience.
If you have worked as an apprentice in a tattoo studio, you can use your experience to open your own tattoo studio. All it will take is a little investment and a website for online appointments.
The outsourcing business involves hiring a third party to provide services or handle operations for you or your company. Before hiring talent, pick a niche and do a market analysis.
Some outsourcing business ideas for teens include project outsourcing, IT outsourcing, and operational outsourcing. To find your clients, show them that you know their business. Give them samples and promise to meet the deadlines after sample approval.
In today’s world where we have everything at our fingertips, and people can make money doing whatever it is that they love, teen businesses are blossoming everywhere.
As you saw in this article as well, many teen entrepreneurs are thriving and hustling their way to success from a very early age.
Dukaan has been created keeping in mind the needs of young entrepreneurs, who do not have the time to focus on trivial things and appreciate the simplicity of their eCommerce platform, rather than getting tangled in a web of complex code.
It is for this reason that Dukaan has dedicated its platform to serve the needs of entrepreneurs like you, in the best way possible, so that you only have to focus on growing your business, and leave the rest to it.
With amazing marketing features, built-in live chat feature, SEO optimization, and even things like logistics and delivery, you get it all in one place.
We understand that your time and effort are put to better use when you think about scaling up your operations and adding more products quickly, rather than creating WhatsApp stories or other promotional designs, so we took care of that too!
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Grants for Young Entrepreneurs
This is Part 14 of our Back to College series, which aims to help college students thrive as small business owners. In Part 13 , we covered stories from entrepreneurs who started businesses in college. To view all the posts in the series, click here .
If you’re starting a business while in college, it can be hard to know where to look for funding. Many businesses started by young entrepreneurs are bootstrapped businesses – started with very little cash and lots of “sweat equity,” ingenuity and hard work. But if you have a business idea that can only be realized with an infusion of capital, you might want to consider applying for a grant.
There are a variety of small business grants dedicated to young entrepreneurs. The challenge is knowing where to look, and figuring out whether a grant is the right fit for you and your business. If you’re willing to put in some time and effort to do research and hone in on the right grant opportunities, you might find that small business grants can be a great source of funding for your business.
Here are a few ideas of where to look for Small Business Grants as a young entrepreneur:
Business plan competition:
Your college might have a small business/startup business plan competition to award cash prizes to the most promising and well-crafted business ideas. Check with your local business school or startup incubator for more details. Even if you don’t win any money, participating in these contests is a great way to network, meet some new potential partners/customers/ referrers and get some valuable insights into how to market and pitch your business to investors and the public.
Grants.gov is a federal government website that contains a wide range of federal grant listings from many different grant-issuing federal agencies. You can search for grants for small business and other relevant categories. The grants are constantly updated with close dates, so be sure to apply early if you see a grant that looks like a good fit. One precautionary note: federal grants are often highly specific – they want to give money to organizations that are working on very precisely-focused problems or issues related to public policy – and there are often significant strings attached to the grant; you need to be prepared to show that you’re using the federal government grant money in the way it was intended.
Local Chamber of Commerce:
The U.S. Chamber of Commerce runs a Young Entrepreneurs Academy, which provides grants and awards to young entrepreneurs via local chambers of commerce that participate in the program. Check with your local Chamber of Commerce for ideas and information about any available small business grants – and even if they don’t have grants, they will likely be happy to get to know you and connect you with other resources, networking opportunities and possible mentors and partnerships. Chambers of Commerce love to support young entrepreneurs, even if it’s in ways that don’t involve directly giving you money.
The Grants Register:
The Grants Register is an annual guide to professional funding, with a listing of more than 4,200 grants. One advantage of this resource is that it’s well-vetted and comprehensive – you can feel confident than any grants listed in this book are up-to-date and verified. However, this book is not cheap – the eBook version costs $349. So you need to be ready to spend some money just to get access to the grant listings – and there’s no guarantee that you’ll actually find a grant that is the right fit.
Save money on student loans:
It doesn’t quite count as a “grant,” but the federal government now offers an Income-Based Repayment (IBR) plan for student loan debt, where borrowers can reduce their loan payments based on a sliding scale relative to your income. This can help young entrepreneurs reduce their monthly loan payments and free up more money to invest in starting their business – essentially working the same way as a grant!
Grants for Women-owned businesses:
If you are a woman and a young entrepreneur, you might qualify for a special grant designed for women-owned businesses. Check out this article for a list of ideas.
Financing help for Minority-owned businesses:
If you are a member of a traditionally underrepresented racial/ethnic minority group, you might be able to get help from the U.S. Department of Commerce Minority Business Development Agency . They have 40 business centers throughout the U.S. and offer grant competitions along with other services for minority-owned businesses. These grants and assistance programs are not specific to “young” entrepreneurs, but they might help you!
Before you apply for a small business grant, do your research and be cautious. Google any grant to make sure it’s legitimate and has not been accused of fraud; be suspicious of any grant program that has an expensive application fee, for example. Also, make sure that your business is truly the right fit for the goals and mission of the grant program. There are many grants out there, but many of them are so specifically targeted and limited in scope that they might not work for your business, and you’ll be better off spending your time trying to raise funds in other ways. But with a careful strategy and research-based approach, getting grants for your small business can be a worthwhile way to get the cash needed to help your business grow!
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Here are a few ideas of where to look for Small Business Grants as a young entrepreneur: Business plan competition: Your college might have a small business/startup business plan competition to award cash prizes to the most promising and well-crafted business ideas. Check with your local business school or startup incubator for more details.