Great business ideas used at the right moment can end up in successful large-scale projects and millions of dollars as an annual profit. Not that I promise every small business entrepreneur to become a millionaire, but there’s always a chance. And now the chance is right in your hands… or, should I say, in front of your eyes. Today I offer you to review 99 small business ideas that will work successfully in 2020 and several years ahead.
Don’t think as if I am trying to reinvent the wheel or come up with super “unique” business ideas. The real secret to running a successful business is being passionate about what you do. That’s why the list of business ideas is quite long and consists of various types of activity. I am sure you will be able to find THAT ONE idea that matches your interests and a vocation.
All the businesses that we have chosen meet some requirements:
- They are potentially profitable today and for many years in the future.
- Most of them do not require a Ph.D. or long-term experience.
- They can “survive” in any economic situation;
- Most of them do not require substantial startup capital.
Most of these startup business ideas can be operated as home-based businesses. For other ideas, it is necessary to rent premises and hire a certain number of employees. And, as a rule, to promote any of these businesses you will have to make a good website and get a communication channel with the maximum number of potential customers!
What’s more, you can create a digital brochure to increase engagement and drive sales. Such online tools as FlippingBook help you turn your PDFs into interactive online brochures with a realistic page flip effect. You can add videos, pop-up images, or outbound links to create an unrivaled reading experience and catch readers’ attention right away.
How can you make it cool, fast, and without spending time on the development of the site yourself? Look for the answers at the end of the post!
1. Smartwatches - Creative Business Ideas
Looking for small business ideas from home? Several huge companies are continually working on smartwatches.
Your task is to buy and sell smartwatches more dearly.
Having studied the market for worn gadgets, you will pay attention to the shortage of high-quality devices in the price range for the end-user "up to $ 100". From this, you can start. Nowadays writing new mobile applications for smartwatches is a trend. If you write programs yourself - or there is a familiar programmer, you can increase your profits.
If you have a small business idea that is perfect and you want to choose a business name, try out the TRUiC AI powered business name generator. It is a free tool that can make life easier for any startup founder.
2. Start Travel Planning Business
If you are looking for small business ideas for small towns, then travel planning might be the one for you. Even though nowadays there are many convenient booking services, some people still choose an old-school travel planning. Most of them just don`t want to care about all that stuff when they are having their vacation. They believe that a professional will do it better.
So, if you have strong organizational skills and other skills required for this profession, you can inevitably become a travel planner.
Quick Tips:
Whether to start a travel planning or any other business, promoting your business is something you must consider. More and more small business owners are now using promotional items instead of traditional advertising methods such as billboards because they can market your products and services at a lower cost.
Custom lanyards are a common promotional product used by many small business owners. Especially in the travel industry, personalized lanyards with company logos are very common. People can use it to hang their cell phones, keys, and other important items during their trip so that your company brand can be known tomoreand more people. Therefore, if you are thinking of starting a travel planning business or any other business, you can try custom lanyards at GS-JJ.
3. Start Power Bank Business - profitable business ideas
Searching for the profitable small business ideas, consider this one.
All mobile devices consume a lot of power, so today's popular product is the power bank - the wireless charging for batteries. It is possible to identify the best brands and models and sell them independently to the traveling segment, but you can connect to one of the famous franchises. Another interesting idea for a business is selling a power bank in the form of a menu for cafes and restaurants. Many people who visit public catering establishments and who are connected to the Internet can leave the cafe because the battery is seated. However, customers will stay in the cafe if the cafe is able to charge the battery.
4. Make An E-commerce Site
You can use pre-made templates for e-commerce websites to launch your business quickly. The secrets of a successful online store, in addition to classroom usability, design, assortment, trust rating and download speed are simple:
- 2 out of 10 provide a discount on the purchase of additional goods;
- 4 out of 10 online stores offer a gift certificate to the customer for a 5% discount upon re-purchase from them;
- Managers of 5 of 10 online stores carefully listen to the client and help them choose the product that will meet their expectations.
The best products for sale today:
- clothes and shoes;
- goods for beauty and health;
- children's goods;
- food and drinks;
- goods for home.
5. Coffee Shop - Business Ideas
If you live in a small town, then this is one of the easy business ideas you might be interested in. Coffee houses are not only successful but also gigantic. The coffee business ranks second in the world regarding money turnover, after energy carriers, ahead! Weapons and high technology. And the entrance threshold for this market is still quite low!
6. Sports Bar
The sports bar combines at once two formats - a standard bar with alcohol and dishes, and a hall where matches are broadcast, and fans will prefer such a bar to the usual. Today the niche is filled up by a maximum of 30%. Provide delicious dishes and undiluted low-alcohol beverages at affordable prices in addition to the good image and acoustics.
Moreover, you cannot do without an online presence - you need to create a good website, a blog, and provide support for social networks.
7. Specialty Health Food/Organic Food
People of different ages need eco-friendly food. The sale of eco-friendly food is experiencing a period of rapid growth. The potential of the market is that the benefits of healthy eating have not yet reached all regions, and demand is increasing.
8. Craft Brewery - Startup Business Ideas
Craft beer can be put on one level with elite alcohol. And such business advantages as emotional proximity to the consumer, the powerful effect of the sarafan radio (which means the minimum spending on advertising!), Minimal competition, and an increasing number of connoisseurs make it possible to earn millions in this business.
Order the most appropriate website for your niche from professionals, provide a presence in social networks - and your popularity and your revenue will take off in a short time.
9. Mobile Pet Grooming
Benefits of this business:
- Startup costs and current overhead costs are low.
- You can work as much as you want whenever you want.
- You can control solo.
- The potential for profit is high.
- You can expand your business by offering additional services.
- Franchise opportunities are available.
10. Start Beard Oil Business
Do you want some more small business startup ideas? Beards continue to gain popularity. So, there appear more companies that are specialized in producing or selling products for beards. Today every 4 of 10 American men have a beard. The toiletries industry for men is growing much faster than the shaving industry. But since it`s a relatively new niche (in the same time it is one of the most high-demanded small business ideas for men), we are sure you will be able to find a “place” in this business. To get started, create the right website for this business – choose the best professionals of the new generation.
11. Food truck
Mobile food truck pays off in 6-8 months.
Advantages:
- cheapness,
- mobility,
- promptness of preparation and excellent taste. This kind of food is used by students in demand, so, by the way, it will open fast food in or near the student towns. "On the go" people are still snack and travelers. If you manage to rent a place near train stations and bus stations, it will be a real success.
12. Become an Antiques Dealer
Despite the world economic crisis, if antiques are targeted at the right market, the value of antiques increase! You can sell the item on popular online auctions. You can act as an intermediary in selling items and things of other people, working on a certain percentage, agreed with the owner of the goods.
13. Start Art Gallery Business
This option involves getting almost instant profit and a quick return on investment. Moreover, even in the gallery business, a competitor becomes a kind of promoter working on creating a common cultural and market environment. It takes a lot of time to create a reputation.
14. Open Creative Arts Day Camp
If you plan to open such a camp, you will have to find investors. This is a flexible business, and innovative programs involve constant changes and refinements, introducing new entertainment.
When calculating the payback rate of such a camp, keep in mind that at least 40% of the cost of each trip should go into profit.
15. Create Matcha Tea Store
Still don`t know what business to start? We`ve got another one for you! Only water is more popular than tea. Every 8 from 10 Americans have tea in their home. Online tea stores are becoming increasingly popular. And Matcha tea has got just enormous popularity lately. It has fabulous benefits for health. Creating an online tea store can become an excellent source of income. You can work on a long-term search engine optimization strategy to rank organically for your products, colorfully and competently presented on your website (you can get ready-made and perfect for your business niche website).
However, you can also run Facebook ads to get immediate sales.
16. Designing Business Plans
A well-considered business plan is a real art and hard work, and most entrepreneurs are turning to a business plan for the professors to answer their main question - is it worthwhile to invest in a particular business. And they pay a lot of money for it!
The costs are minimal, but you will need to carry out careful monitoring of the market.
17. Gift-Basket Design
You can give presents and receive money for it all year round! Now, it's one of the hottest business ideas with the last annual sales of $ 800 million.
Business Benefits:
- You can start work during part-time work;
- Your initial expenses are relatively small;
- And if you are a creative person, you will definitely succeed.
18. Skype coaching - Business Ideas
Are you an expert? Do you want to teach somebody something? Today there is a great option to do that using Skype. This is an easy business idea which can be very profitable in the end! All you need is Internet access and Skype. You can make it on a daily, weekly, or monthly basis.
19. Hot Air Balloon Rides - Business Startup Ideas
The idea is quite simple in the implementation.
The main advantage is high demand at a low level of competition.
The payback period of such a business project is estimated at a minimum of a year. Expanding business involves organizing its own network in several regions, opening its own club of air sports, and offering additional services - paragliding, parachuting.
Nail down all the licensing and safety requirements, create a website to expand your potential customer base, and this could be a fun business that quickly builds by word-of-mouth.
20. Children's Services
Benefits to this business:
- Perfect for young mothers; can combine work and care for their children;
- You can positively influence the development and upbringing of children;
- Your schedule will be measured and normalized, you will not have to work overtime;
- Costs for starting work are minimal;
- Babysitter services are in high demand, and you can find clients;
- You will be provided with a stable income - the services involve a long period of cooperation.
21. Affiliate Marketing
What is affiliate marketing anyway? Basically, it is getting a commission for promoting somebody else’s product.
It is good to start an affiliate marketing business if:
- You have your own blog or a website;
- You have good visitor statistics;
- You have experience in affiliate marketing, and you can show your success to your potential clients.
22. Fake Flowers Small Business Ideas
From floral arrangements to wedding decor, fake flowers can be used at home or for special events. This is one of the greatest small business ideas for small towns, that has a vast potential.
Production can be arranged directly at home. Plus - practically everyone can do this business! You will need specialized knowledge and skills to independently produce flowers. Or you can simply order flowers from China. It is possible to implement the products independently, and through wholesale companies, and directly to flower shops and individual sellers. Since they’re artificial, you won’t need to worry about flowers that die too soon making the shipping process easier for customers.
If you’re looking to go after the wedding market, your best bet is to sell silk flowers that have a more realistic appearance to ensure an elegant look. This business requires your online presence – create a good pro website to let people know about you!
23. Air Sofa Beds (Furniture Business)
You do not need to rent a separate room. It's much better to "stick" to an existing furniture center or rent an area in a large shopping mall.
Advantages of such furniture:
- low price (especially when compared to the prices of similar products and upholstered furniture),
- small weight and compactness. These last two advantages allow you to store unnecessary furniture and reduce the expenses of transporting furniture without inconvenience.
24. Buy and flip Domains
We all know people who buy and “flip” real estate: they buy it for a reasonable price, change it somehow, and resell it. We want to share with you a similar idea for domains. You can resell your own domain, or you can buy somebody else’s website, no matter what you choose, it will be a decent source of income.
There are special resources where you can buy and sell your domains (for example, Empire Flippers).
25. Making chatbots
10 years ago, every company needed a website, and five years ago, every company needed an app. Now every company needs to embrace messaging with AI and chatbots.
Chatbot is a new tool in internet marketing. Creating robots is not the highest mathematics.
- Define the purpose. Describe what a chatbot should do online.
- Select a pad. Where your customers are.
- Select a creation method: create from scratch or using special services.
- Configure and launch the robot. Write the algorithm of its actions, load the database with replies and test the work of the chatbot.
26. Virtual Reality - most successful small business ideas
Virtual reality computing is one of the most successful small business ideas nowadays.
Even though this type of entrepreneurship is only evolving, a newcomer can start this business with minimal expenses, which promises a considerable income. But do not take the word to believe companies that offer the organization of such a business "on a turn-key basis" for little money, promising fabulous profits, because there are some difficulties in this direction as well.
27. Start Bookkeeping Services
Investments in the development of such a project will be relatively small. The bulk of the cost will come from organizational equipment and software. The payback period for such a business is statistically limited to one year. The profitability of the project reaches 20-30 percent.
The priority direction of the further activity will be development in other professional areas; that is, reorganization into the so-called consulting company.
28. Become a Social Media Expert
On the Internet, people get to know, play, sell and buy. Moreover, in social networks, business activity is most active. Demand gives birth to a proposal, and today a new service has appeared - consultations on the promotion of products from various companies in social networks. The purpose of the promotion is the appearance of products on the top search rows in the search engines and attracting a large number of buyers. The winners are those who are creative in popularizing the products of the client!
29. Become a Tester or Reviewer
Tester is one of the most sought-after specialties in the IT industry. You must have curiosity, thoroughness, creative approach, flexibility. You must be aware of the release of new applications, operating systems, gadgets. The tester must be ready for ongoing training! The easiest opportunity to get the basics of the profession is to enroll in the testing courses.
Even better, if you have your own website or blog, you could write posts about these products, and charge more money in the long run and build a portfolio with tangible results to show future clients.
Pay Per Click consulting (freelance)
We all know those sponsored ads at the top the search results in Google. This is actually PPC (Pay Per Click) advertising. It is one of the forms of internet marketing when those who advertise pay for each time their ad is clicked. In other words, it is a method of buying visits on your website. If you feel that you can be the best at this, you can even start consulting other companies on this issue.
30. Secretarial Services
If you like to consider someone else's money - why not get your money for it?! This work is ideal for those who are familiar with secretarial work. However, everyone else can go through the secretary's courses. The experience will allow you to receive an hourly payment; for example, the secretary receives $ 300-500 a month, then the 1 day of the secretary's performance of one-time orders is estimated at $ 150. In the case of particularly important negotiations, overseas travel, or urgent work, the payment is 700 and more dollars.
31. Become an Online Dating Specialist
Competition in this sphere is rather large. You can work from home. The primary target audience of dating service is people aged 25-40, with higher education, active social status, high salaries, but not having enough time to look for the second half. Therefore, they are ready to rely on expert advice. Your team must have a family and marriage counselor, a psychologist, and a web developer who will be involved in the creation and development of their own site.
32. Gift Card Shop - creative small business ideas
If you are interested in top creative small business ideas, here’s the one.
The significant advantage of a business is the lack of the need to buy automated machines and rent a large office. To sell cards, you need to create your own online store. Also, it is possible to successfully sell cards in bookstores, souvenir shops, boutiques, and salons of flowers.
33. Selfie Drones
The drone niche is one of the best niche examples for a growing trend. So, this is one of the most successful small business ideas for today. For example, on a crowdfunding service like Kickstarter, you can find a "flying selfie-camera" AirSelfie. The joint work of designers from Italy and engineers from China led to the creation of a compact drone, placed in a special case for a smartphone. If you also have a wonderful idea about creating a selfie drone, be brave and go forward! For your perfect presentation, you will require a website designed perfectly for your niche.
34. Become an eBay Trading Assistant or Seller
Sales assistant deals with all sales details and receives a commission for successful selling of things. A big plus is working from home with low start-up capital and minimal financial risk.
You will need:
- knowledge of all aspects of eBay;
- experience in retail and merchandising;
- photographic skills and a good camera;
- Good state of the eBay account;
- At least 100 feedbacks (and at least 98% should be positive).
35. Create Your Own Fashion Blog
While some brands are struggling for contracts for a joint collection with a superstar, others collaborate with opinion leaders in the fashion blogosphere.
Fashion blogger is a fashion voice. Ways of earning:
- Money from advertising - If your blog has a lot of readers, you will be contacted by advertisers.
- Money from personal counseling - Use the blog to advertise yourself as a personal shopper, stylist, or image-maker.
Some bloggers make $50k per month or more. Already have a computer and a good quality camera? Register a domain name, get web hosting, and make a website (you can get all-in-one & more with Template Monster ready-to-use website service) – and you’re good to go!
36. A Paid Private Facebook Group
One of the best social media marketing tools nowadays is a paid Facebook group, it allows you to gain popularity for several weeks. You can deliver your content, limit access to qualified members, moderate your group, the members of your group can conveniently communicate with each other.
Note: it would be much better to quickly create a decent website and an email list, this way it’s easier to create a paid private Facebook group.
37. Instagram Sponsorships - creative small business ideas
Are you a passionate photo lover?
Do you want to become an Instagram star? As soon as you manage to do so, more sponsorship opportunities will be available to you. You will be offered to advertise the products that are somehow related to your Instagram.
Get creative and create a particularly strong page on your website, complete with all the information anyone would need to learn what your brand is all about.
38. Become an Internet Security Consultant
If you are well versed in cybersecurity, you can build your business on solving cybersecurity problems of someone else's business.
You can offer such services as:
- Analysis of threats to your security's information security.
- Audit and assess the current state of information security of the company
- Development of a system for improving cybersecurity.
- Checking the effectiveness of the cybersecurity system by simulating hacker attacks.
- Quick recovery in case of hacking and investigation of the incident.
Just take care to let people hear about you - choose the easiest and most profitable way to get a decent website – and you’re ready to go.
39. Flipping Websites
When you buy a website, the first thing you need to know is whether you can increase the monthly revenue from the site.
Remember traffic, usability, topics, searches, indicators, TIC, PR, Trust site can be improved as follows:
- Adaptation for mobile applications.
- Increase the download speed.
- Extension of the semantic core.
- Improving content.
- Switch to HTTPS.
40. Planning Meals
The scope of services that such a person can provide is broad:
- Making plans for proper nutrition for your customers.
- Theoretical lessons with your clients.
- Development of all kinds of menus
- Theoretical lessons in which you will share information about new diets and methods of weight loss from world experts.
How to offer services:
- open your own consulting center
- rent a cabinet directly at a medical center
- to provide paid seminars in medical universities
- issue a book or video training on a DVD.
41. Become a Massage Therapist
To arrange a massage therapist at home, you need to go two to three months for masseurs. Do not hurry up immediately after the courses go for free swimming, bother with a massage therapist at the salon or gym. There you will find practical experience, confidence in your strengths and abilities, and the first regular customers. The business has many advantages, primarily when working with corporate and "family" groups of clients.
Create a website to show your benefits and get more clients.
42. Bed and Breakfast
Such hotels are very homely, with a "soul" and, as a rule, the cost of stacking is cheaper than in a regular hotel. Room prices range from $ 25 to $ 100 or more. If you have a large house with one or more extra bedrooms, you could realize a non-standard business idea and get additional income by opening the hotel bed and breakfast. One of the nice aspects of this idea is that, as long as your home-building is running on a small scale, you will not need any licenses. Don't forget to make a cool website so people can find you when they will need you!
43. Electronics Supplier
According to the American Consumer Electronics Association in 2015, about 700 thousand consumers in the United States wanted to acquire unmanned aerial vehicles as a gift. Only the US sales market in 2015 was $ 105 million in revenue, up 52% from 2014. You can start selling through an online store, and in the future, you can open a store for selling drones in the crowded area of your city.
As the demand for drones is continuously increasing, there will also be a growing need for the accessories needed to use and control unmanned aerial vehicles.
44. Start a Cleaning Services
Cleaning service is one of the relevant small business ideas that can bring you big money.
Initial investments in business can be minimal and limited to a set of harvesting equipment, but on the other hand, not only specialized equipment but also the equipped premises and staff of well-trained cleaners will be required for the competent construction of the work of the cleaning service.
The profitability of a business depends on the type of work. For daily cleaning, it is not high - 10-15%. For special jobs in cleaning, this indicator is much higher - 25-40%.
Related article: How to start a cleaning business
45. Home Improvement
The basis of such a company is experienced masters in various segments: electricians, plumbers, and versatile workers. You can offer something that you can do on 5+, you can unite a team of masters in different spheres. Work on departure, office is not needed. An important factor is a fact that the services provided, for example, repair of plumbing or furniture repair, are in constant demand.
46. Open an Ice Cream Shop
Ice cream shop is a business that does not require substantial investments, is fast enough for the sphere of public catering and is easy to manage. The niche is practically free even today.
There are 2 types of points:
- stationary
- located in dining areas (renting a place there is a little cheaper than a similar area in ordinary buildings).
The sales of beverages in their turnover ranges from 10-15%. And the presence in the menu of baking, salads and other dishes increases the revenues by 35-40%, the basis of trade turnover - 80% - nevertheless make sales of ice cream.
47. Smartphone Repair Service
Are you looking for small business ideas for men? Today almost everyone has a smartphone. A smartphone repair business can be very profitable, because people are happy to save their money, and repair their phone instead of buying a new one.
To start this business, you will need to have experience in fixing smartphones and a good marketing strategy.
48. Hair parlor/Barbershop
Hairdressing services are included in the list of household services most in-demand among the population. The most promising segment is the average level targeted at a target group with revenue of up to $700-1000.
To open a hairdresser's economy class for two or four armchairs is necessary from $3,000 to $4,000. The business pays off in 4-9 months.
Quality cuts, depending on your experience can go for around $100. If you have a good website, the number of your clients will multiply.
49. Open a Gym
According to experts, nowadays the demand is used by inexpensive gyms at the house, where you can buy a monthly subscription. The opening of the gym can cost $50-100 thousand. Not every entrepreneur can pull such investments, so it's best to pay attention to some kind of "home" format worth up to $30 thousand. That is, to open a small gym in those sleeping areas where there is a shortage of such services.
50. Tutoring
Follow the simple rules:
- Collect recommendations from the students (or their parents) that you have been involved with.
Continually engage in self-education, take part in specialized seminars, attend advanced training courses. - Pay particular attention to drawing up a schedule of work.
Students can be searched using traditional ads (newspaper ads, direct mail), as well as posting ads on their services on local Internet portals and forums. The placement of announcements in educational institutions and adjacent territories is especially effective.
51. Gardening Service
Although the competition in this area is relatively large, it mainly concerns companies operating in a high-priced segment. Meanwhile, landscape design services are in high demand among middle-income people as well. Partnerships with suppliers of materials and independent contractors providing similar services can provide additional benefits and significantly reduce initial investment.
Later expand to offering landscaping services as well – place all your beneficial offers right on your gardening website (take care about creating a good one easily).
52. Bakery Service
A mini bakery can be run on a franchise or on its own. Buying a franchise costs 7-10 thousand dollars. The assortment should be periodically updated: This will not only expand the audience but also allow you to respond to customer requests. The investment can be redeemed for at least 3-5 years. The profitability of the baking business is kept at an average of 7-8%. Better to put in advertising at least 2-3% of turnover. This is the first half-year of the bakery's work.
53. App Development
Everybody knows that apps are popular nowadays. If you have come up with an idea of what mobile app to create, this may be the solution of what business to start.
Every single day a new application is being launched, so if you really have a unique idea, this type of business is for you! It is nice to know that you don`t even have to have a big capital to start.
Once you have created your application, couple it with the right marketing strategy, create a perfect app website that will present an application and the benefits of it, and you'll be making money in your sleep. The best part about developing applications is that you can do it from anywhere in the world.
54. Clothing Boutique
This kind of trade does not require expensive equipment or in-depth knowledge of the owner, with the fact that clothes are in demand and its sale almost always brings considerable income. There are two approaches to the organization of virtually any business. The first one is franchising, the second is the creation of a firm under its own brand name. The most simple and safe option for those who do not have enough experience in doing business in this area. The average payback period of a store, say, children's clothing under its own brand - not less than a year and a half, and this is the right business organization.
55. Appliance Repair
Often, it's easier for customers to pay a check at $ 17- $ 40 than buying a new technique at a price tag of $ 600 or higher. Therefore, the demand for services for the repair of home appliances will always, and in the future, given the economic crisis, this business will only grow and develop. The main thing is the quality of work and installation of original components, then customers, having received a high service, will advise your friends and acquaintances, and you, in turn, will receive new regular customers.
56. Become a SEO Expert
The studio site promotion should ideally offer the client the creation, promotion, and support of his online resource. Creating websites will not be the primary activity of the company, but as an additional service will bring a good income.
To succeed in this kind of activity, you need to find a professional search engine optimization, he will lead the team. Also, we need analyzers, optimizers, programmers, and copywriters.
The startup costs are low; you’ll need to create a website to promote your business.
57. Wedding Photography
This is one of the most profitable startup business ideas for the photographers.
This is the most profitable earnings in the business of the photographer. In the absence of a special room for the studio (not a bad economy), this business will become seasonal. Warm periods of the year - the peak of the photographer's work: taking pictures of nature, photographing weddings. This direction of the photo business requires the presence of a portfolio. Make a portfolio of family and friends' photos. Or, if possible, work on barter conditions. Digital image correction is required. You can reduce your initial costs by starting small and part-time. Your costs will include a professional camera, lighting equipment, editing software. Also, you have to start your own wedding website and spend some money on marketing and hiring photography assistants.
58. Wedding Planner
If the agency renders a full-service cycle. The startup investment in the agency is $ 2,250. Total investment required - $ 55 thousand
- For "students" who are interested in the cheapness and clarity of the work of the wedding agency, "box" offers will be interesting.
- For "economical" customers, value for money is also important. In this segment, there can be not only young but also mature people who are not suffering from a lack of money.
- For wealthy clients, it's essential to demonstrate an individual approach to service.
It’s a seasonal type of business that you can run from your home with low startup costs, but it may require frequent travel. You’ll likely need to start your own wedding website with TemplateMonster ready-to-use website service and spend some money on marketing. Some training may be required if you lack experience.
59. Tour Guide
A tour guide business could be one of the most suitable small business ideas if you live in a popular tourist destination Competition is high here. So, take advantage of the features:
- Tour operators organize large-scale excursions, and offers for groups of 5-8 people is not enough.
- The routes of classical excursions take place in well-known historical places - organize original excursion routes!
It is possible to organize a "tour of the day off":
- Meet the members of the group
- Take them on a rented minibus to a restaurant
- Take an excursion
Lunch.
- After lunch, the tour continues,
- In the evening you deliver clients to apartments that you rent for the day.
- When you are finished, you are delivering customers to the airport or train station.
To pay for a bus and apartment rent, require a prepayment.
The important thing is to create a website so people can contact you beforehand.
60. Home Health Care Services Business Ideas
The medical business is an excellent opportunity to earn extra money.
He will be able to approach not only nurses but also other medical workers.
Areas in which you can organize your own business:
- Care for the sick or a private service.
- Nursing home care.
- Private counseling.
- Nutrition Consultant.
Success will not come immediately but will bring a number of regular customers. Advertising in this type of activity should be approached with caution. Since potential customers are the elderly, Internet advertising is less effective than the radio and newspapers.
61. Start a Personal Training Online Business
A personal trainer can take classes in any convenient place for this purpose. The average cost of a personal trainer is $20-80 per hour. To become a well-known, well-paid specialist, you will need to develop training for each client individually, in accordance with the features of the body and the state of health. Also, in addition to training, it is essential to develop a nutrition system that will help lose weight or improve health.
62.Start a Beauty Salon or Spa
To open a beauty salon at the start, you will need $8-20,000. The business will pay back in three to seven months. The most profitable, perspective, and medium costly beautiful business will be in the "middle-class" format. Firstly, you can easily find and choose the best room option. Secondly, provide yourself with a permanent customer base. And thirdly, you can actively develop your business - from introducing new services to the creation of a brand network and a specialized center.
63. Online Game - innovative business ideas
It's easier to hire a browser in-browser games, but they are limited in graphics capabilities and do not have sound effects. To minimize your risks, you can start by creating a small project, the mechanism of promotion which differs significantly from the sale of ordinary games. Typically, such games are designed not to extract profits by selling a copy, but on the implementation of paid subscriptions and privileges that give a significant advantage to the player who acquired them. Multiplayer and browser games are designed not so much for the pre-sale promotion of the project, as for the wow effect of the game launched for the interest of players.
64. Podcasting
In 2015, penetration of advertising in podcasting reached 48%, and if you believe the forecasts, by 2020 this indicator will increase by about 25% annually.
If in the past year, dynamic advertising sounded only in 5% of podcasts, then in 2017, as analysts expect, almost all issues will contain promotional messages. The interest of advertisers provoked a sharp increase in the number of podcast channels.
65. Self-Publish a Book on Amazon
Another one of the most interesting and creative small business ideas is here. Writing a book has always been your dream, but you think that the publishing process is too complicated?
Nowadays there is an excellent solution for you. You can self-publish your book on Amazon, and really make good money (in case that your book is popular).
The masses should know their writer! And the best way to promote your future bestseller is to create an ideal website.
Read how to find products to sell on Amazon.
66. Sell on Etsy
Trading on Etsy can be another one of the most profitable small business ideas from home. This is a platform where anyone can sell any items created by him/herself. That is, the sale of the results of the work of other people is prohibited here. Although, if you sell knitted socks that your grandmother is making, no one will be against it. On the page of each of the online stores located on Etsy, statistics are maintained. Here you can see how popular the product is and find out the average monthly earnings of the owner.
67. Banquet Facility
At start-up costs of $ 15,000, the catering company will pay back in 5 months. Particular attention in business catering should be given to the organization of courier service. An important topic for a key logger is the creation of a menu because, in recent years, office workers will not be surprised with borsch or cutlet. Market players believe that it is not necessary to set the price for lunch lower than that of competitors - you can play on the quality, variety, and weight of the portion. Later, you should create a website, which will give a clear vision of why you are the one they should trust!
68. Commercial Real Estate Broker
This is a boom or bust business and one of the most relevant contemporary small business ideas to get you rich if you are a highly charismatic person.
For the effectiveness of its work, it is required to enter into an association of realtors, which will inform you about the changes made to the legislative base, as well as provide a catalog of real estate. In this case, you can find a permanent notary and a lawyer for cooperation. In the first stage in the establishment of a private business, you will have to work hard on your reputation (start better with a lease - more customer turnover), then satisfied customers will begin to advise your services to their acquaintances.
69. Concert Promoter
Steps of your development:
- Find a job at a concert company.
Get an invaluable experience of everyday work of organizing concerts. - Make acquaintances among artists, their managers, and other local representatives of musical professions.
- Learn to arrange a real show.
Meet with sound engineers, security organizers, and other people from these areas who can also work as ticket collectors and controllers at the concert.
Try to get a job as a concert organizer for one or two concert venues. - Start organizing small concerts.
- Increase the number of fans and regular visitors to their concerts and begin to arrange more and more large concerts and shows.
70. Executive Search Firm
The work of the HR team can play a vital role in the company, which is preparing to make a qualitative leap in its development.
Tips for Succeeding:
- Learn to firmly defend your interests.
- Develop the competence of the diplomat.
- All your actions are aimed at increasing productivity.
- Learn to delegate authority.
- Get rid of perfectionism: "A bad process is better than none."
- Get support for the First Person Company.
- Try to do everything as transparently and publicly as possible.
71. Open Your Own Vape Shop
The vape shop industry is something that is growing very fast these days. Statistics show that the rate of traditional smoking continues to steadily decline. So, it’s a great time to start this kind of business.
And do not forget about online presence – create your own website in the easiest way possible and start getting benefits from your perfect customer communication channel!
72. Fundraising Firm
Fundraising is an art associated with the attraction of finance and the search for human, material, technical, information and other resources. Writing unambiguous advice is impossible. But the landmarks of a successful fundraiser are as follows:
- Be "unprotected" psychologically
- Always know who you are talking to
- Plan a strategy
- Look for the main investor
- Be incredibly self-confident
- Divide large amounts into smaller ones
- Always keep your partner up to date
- Do not stop at the achievement.
73. Musical Instrument Leasing
Today, people who want to rent musical instruments for a time is much more than you think!
The gradation of popularity tools is as follows:
- Guitars and electric guitars
- Piano
- DJ Console.
The funds received for the rental of things are counted as a discount when bought by the landlord. For example, if someone rents a piano for a few months and then decides to return it, they will have to pay rent for the months for which the piano was hired, and this rent will be considered in the payment (minus 15%). Separately paid delivery of goods from/to the station.
Separately, there is a tremendous demand for home recording studios with a sound engineer as an alternative to costly professionals.
74. Rehabbing Houses
Many people have been buying property for investment in recent months for the purpose of further selling.
Ways:
- The purchase of an apartment in a high-rise building at one of the initial stages of erection and its resale is more expensive at commissioning.
- Buy in a well-stocked area of a plot or a dilapidated building, then build a new home on the land and make a subsequent profitable resale.
- One-stage or step-by-step purchase of apartments in a communal building with subsequent repair and resale at a more favorable price.
- Purchase of urgently selling apartments with subsequent resale.
Knowing the housing market and creating a good website are recommended!
75. Used Car Leasing
The owner of the leasing company must insure all their cars, carry out vehicle inspection at his own expense, and carry out maintenance and repair of the car on the shoulders of the owner. On average, renting a car will cost the customer $ 250 a month. It is not necessary to invest the bulk of investments in the purchase of several expensive cars, it is more appropriate to buy two to three times more cars of the lower class. Pre-monitor the car market and buy cars at a reasonable price.
76. Become a YouTuber
The next pearl in our top 80 small business ideas list is a YouTube occupation. Nowadays videos are extremely popular. Instagram, Snapchat Stories, Facebook Live video - videos will only continue to grow. If you are one of those, who have always wanted to be behind the camera, it's your star time.
Ways to get revenue from your YouTube channel:
- you can either start a vlog and get selling products to your audience
- or build a YouTube channel to drive more traffic to your website – in both cases now is a great time to get started.
77. Weight Loss Center
This is a very lucrative business that can bring great benefits while demanding only a small amount of initial investment and moderate operating costs.
Your customers will be individuals, couples and families looking to improve their diet, weight, and health - in general, who want advice, support, products and weight loss services,
There are many business destinations:
- Food products
- Various additives
- Industrial goods (supplements, cocktails, simulators, plasters for weight loss, etc.)
- Fitness club
- Network companies or MLM (supplements, cocktails, simulators, plasters for weight loss, etc.)
- Website about slimming.
78. Coin-Operated Laundry
In a crisis, opening a laundry is considered a good option for investment. One point serves on average 600-1000 apartments. You can get up to $2,300 of monthly income on linen and outerwear. The target audience of the laundry facilities is students, tenants of hostels, seasonal workers, and people who have not yet bought a stylus, or want to put in order winter things. Despite the demand, entrepreneurs do not forget to popularize the business. This requires a site, its promotion in social networks. We expand the flyer to mailboxes, use promotions and discount systems.
79. Starting an Event Agency
Do you like to have parties and organize meetings? Turn your hobby into an idea for a super demanded business in 2020 - an event agency. Event managers help clients plan and coordinate an event. These people hold a huge responsibility, especially when it comes to large-scale events like weddings, conferences, festivals, etc.
Working as an event organizer requires ingenuity and huge attention to details. You also need to learn how to keep calm during unplanned moments, stressful situations and unforeseen disasters. Yet, creating memorable moments and making people comfortable during any event is 100% worth the effort.
80. Reselling Used Goods
Flea markets and garage sales are always in trend. People visit such places to find stuff they will never find anywhere else: from vintage home goods to handmade jewelry or else. Not only can you sell your own goods there but also resell them online. Can you believe you need only one website to start making money on reselling vintage goods? The Internet is power!
Likewise, you can start reselling second-hand clothes. This is one of the few niches with a high margin (more than 100%), so you can return your investments and start making money quite fast.
81. Personal Chef Service
Is cooking your passion? Do you get compliments about your culinary skills when inviting friends for dinner? You may consider becoming a personal chef and cook for a client or clients at home. This type of business doesn’t require huge investments as owning your personal restaurant, which is a definite advantage for every amateur cook with no business capital.
82. Clothes Tailoring and Repair Atelier
Conscious consumption took over the 2020 fashion trends. People started to be super selective in clothing and think twice before throwing away their clothing items. Tailoring and repair ateliers have become eve more popular as the trend started to gain its momentum. Even if you live in a small city, know sewing basics and own a sewing machine, you can offer such services to locals as a side-job without any special efforts. You can start from sewing at home and end up owning an entire atelier!
83. Restoration Service
If you enjoy handicrafts, another good business idea would be giving a second life to old things. As they say, one man's trash is another man's treasure. One great perk of this job is the fact that your creativity is the only limit. There are no rules to how you can turn old goods into a piece of art and sell them at fairs or online.
84. Personal Stylist / Shopping Assistant
Personal stylists work not only for celebrities and rich people. Professional stylists or shopping assistance to help people come up with their own individual style and purchase clothes in accordance to that person’s style. More and more people would rather pay a stylist instead of wasting that money on clothes they won’t wear at all. Personal stylists usually take relevant courses before offering their services - otherwise, clients will not put too much trust in your knowledge.
85. Culinary Arts Course
Cooking amateurs and professionals, another great business idea for you would be organizing cooking classes. After all, why can’t your knowledge be profitable? For instance, students come with their own food products, while you provide workspace and tools. You decide the program of the course depending on your own knowledge. For instance, if you follow a healthy food diet, you can teach others how to easily cook nutritious but yet delicious meals. Just a thing to remember: healthy cooking is super trendy right now.
86. DJing
A DJ is not only a musician creating his own music. A DJ is also a person able to create the right atmosphere using music as his only tool. Any party, corporate event, or holiday will no exist without a cool DJ.
87. Website Development Service
Many companies and other business owners are willing to pay a website development. If you have the patience to understand the basics of CMS (content management system), you’ll be able to earn good cash from crafting landing pages to numerous clients.
88. Audio Recording Service
Voicing videos and recording texts for podcasts can be a good start to your own business. Your only requirement for a solid start would be a minimal set of equipment to make high-quality recordings. After a while, you can move on to the next level of owning a whole recording studio.
89. Photo Studio
Most photo studios are found by former photographers, which makes a lot of sense. You don’t necessarily have to be a photographer to have your own photo studio, but understanding its basics will help you feel more confident in this niche.
90. Language School
There will always be a demand for learning foreign languages due to globalization trends. Unlike individual tutoring, foreign language courses do not require you to know the language. It is enough to be a competent manager to organize courses by hiring relevant professional teachers.
91. Recruiting Agency
A recruiting agency is an intermediary between an employer and a future employee. The value of a recruiting agency is its own database of trusted employees and reliable employers. Although there exist tons of online platforms, a recruitment agency can take on all the stages of selecting the best employees. Such a service is a cheaper alternative to having the company’s own recruiter in their team.
92. Translating and Interpreting Service
Companies, individuals, or even government agencies often hire translators for communicating with people in different languages. If you are fluent in some other language or better, have a relevant degree, you can use this idea to provide your own translation & interpreting service. And if you are not, you can simply start an agency and hire professional translators and interpreters for your own firm.
93. Yoga Club
A yoga instructor is another type of business that does not requires great financial investment. You can start by having classes in the rented studio, at home, or even in your local park like they do in NY Central Park.
Having your own yoga club, though, will bring you good profits right from the start. Clients will pay for several classes or months in advance. Equipping a studio from scratch does not require serious investments, unlike gyms or fitness clubs. You can reduce investments to a minimum by finding a suitable room that does not require major repairs.
94. Art or Dance Studio Creative Business Idea
Whoever you ask, it seems like everyone has been lately into arts. Everyone does arts because it’s a good form of relaxation, such as the above-mentioned yoga. If you have more than amateur knowledge in this area, you can open an art studio and offer art classes. Believe me, this studio will be a hit - even if you live in a small town with several thousand inhabitants. The real advantage of such a business is that its target audience varies from little kids to seniors.
Alternatively, if dances have been your life passion, consider opening a dance school. You can rent a studio and offer dance classes yourself or gather a team of dancers of different styles to expand your business.
95. Cost Reduction Consulting Firm
Have you ever noticed that telephone bills seem to be slowly growing with time? So before you can actually realize that, you will already start paying a couple hundred more of what you expected. Story of your life, right? Not only yours!
The problem is, only a few people have enough time to carefully study all their accounts, call the provider and do something to make the bill small again. A cost reduction consultant offers such services to both individuals and companies, thereby helping them save thousands of dollars monthly.
96. Resume Writing Service
Young professionals or people who haven’t faced a job search process for years lack the precious knowledge about current resume writing trends. Resume writing services are a great idea for a small business. All you need for a start is a modern website with your resume portfolios and good resume writing skills.
97. Collection and Disposal Services
Many people don’t know or simply have no desire to deal with the utilization of large items like computers or other appliances. Collection and disposal service does everything for their lazy clients, in particular, load and deliver goods to the right recycling center.
A good advertising campaign in your area and a car is all you need to start buying up or simply picking up scrap metal, old computers, electronics, cartridges, and other recyclable materials. You will be able to get paid and do good for our planet - a great combo, I guess!
98. Pet Hotel Small Business Idea
Not a lot of people still know about the existence of pet hotels. No, this is not a "shelter" but rather a certain Dog & Cat Boarding service. Not only can you leave the animal to a caring owner, but also make sure they will be well treated, properly fed, and cherished. Pet hotels will be especially demanded in big cities where people tend to travel more and have no one to take care of their pets during their absence.
99. Real-Life Escape Room
Escape rooms have been in the market for years, but yet continue to gain their momentum in the entertainment niche. The target audience is young people from 20 to 35 with average income preferring active leisure activities, as well as companies organizing interesting corporate events to their employees. The payback from an escape room returns in about 3-6 months. Moreover, this type of a business has an interesting specificity - the competitors are kind of helping each other. This means a person visits an escape room only once, so if one likes it, he would want to visit others.
Hopefully, you chose that one perfect business idea from our list and already have thoughts about starting in the nearest future. Just don’t forget that every modern business nowadays requires a website. Your website is an online presentation of your goals, benefits, and achievements for your USP.
Hopefully, creating a website is no longer a big “pain in the butt”. You don’t need to spend big budgets on website design, purchasing a domain, hosting, ranking, etc. What you do is go to Template Monster ready-to-use website service and design your site from scratch using pre-made web solutions. You don’t even have to worry about the domain and hosting - the service includes Google cloud hosting and guarantees you a free domain for 1 year.
For more information, follow the link above.
Love what you do and do what you love.
Ray Bradbury
Read Also
How to Start an Online Business in 2020 [A Complete Guide]
Top 50 Ecommerce Business Ideas for 2020
Top 50 Blogs for Entrepreneurs to Follow in 2020
Top 15 Online Marketing Tips and Tricks for Small Business 2020
99 Best Small Business Ideas That Work in 2020 FAQ
A small business is small entrepreneurship or company owned by an individual or several people. It’s characterized by small production volumes and revenue, limited by the staff.
1. Low starting costs and full control over the company.
2. Easy to manage.
3. Mobility and flexibility.
4. Easy to promote: a large number of low-budget advertising media are available.
1. Limited capital.
2. Difficulties in competing with large companies.
3. High crisis risks.