You could start your courier business on your own or hire other drivers to work for you. If you are knowledgeable and experienced in technology, you may want to consider a career in app development. Smartphones have become an everyday accessory for many Americans, which has increased demand for mobile apps. Similarly, virtual reality software has become popular in recent years, so there is also a demand for VR app development.
If you have a good ear and can type quickly, a transcription service is a great business idea that allows you to work from home with a flexible schedule.
Medical transcription services are especially needed as voice recognition technology proliferates for healthcare provider dictation. If you're not looking to start all at once, or if you have a day job you would like to keep for the time being, you can accept as few or many transcription jobs as you'd like. To boost your business prospects and justify charging more, consider becoming a certified transcriptionist and delving into a few specialties.
Medical transcriptionists typically charge 6 to 14 cents per line of transcription, which can quickly add up. The typical turnaround time for transcription work is 24 hours, so it's important to stay on top of the jobs you accept. However, the flexibility to accept only a few requests to get started means you can scale up as you are ready, making transcription an easy service to start up slowly.
Best of all, there is very little startup cost and overhead. You simply need a computer, the appropriate software and a secure messaging service. Looking for a business idea that can really "spark joy"?
Professional organizers, like Marie Kondo, help people declutter and minimize for a living. In an age of materialism, many people are desperate to downsize and take control over their possessions, rather than letting their things possess them. Minimalism is becoming extremely popular, but people often find it hard to part with things they've owned for a long time.
Part of being a professional organizer is helping clients develop a system for downsizing and keeping things that way. If you're a highly organized person who enjoys making spaces functional and comfortable, you might be good at coaching others to do the same.
People will pay you to help them devise a method of minimizing their possessions and then maintaining an organized space.
To promote your business, ask if your clients will let you take before and after photos of the areas of their homes you've organized, and use those to create a portfolio that you can put on social media to attract more clients. If you like to clean, you can easily turn it into a business. With a few staff members, a host of cleaning supplies and transportation, you can offer cleaning services to homeowners, apartment complexes and commercial properties.
Cleaning services are straightforward businesses that require relatively little overhead; you simply need planning, dedication and marketing to get your business noticed. If you're looking to differentiate yourself from other cleaning services, consider adding premium options like floor waxing or exterior power washing for an additional fee. These services could be the deciding factor between your new cleaning service and seasoned companies that maintain too large a client list to provide that level of cleaning.
If you're a natural wordsmith with a bit of marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, web content or press releases, plenty of companies will pay for your services. You can increase your value by bringing SEO knowledge to the table to help your clients craft a strategy to attack specific keywords that their target audience is already using in their online searches. Freelance copywriting is a great business to run, because as long as you have an internet connection, you can work.
It's a business that you can operate from the comfort of your own home, or even from the road if you travel. If you establish a large enough network and gain referrals from satisfied clients, you could even make freelance writing your full-time job. A background in care and hospitality can go a long way to support housebound seniors who require in-home care. It's also a service for which demand is only going to grow.
Many will need care and assistance, oftentimes in their own homes. Luckily, you don't need a background in healthcare to help seniors and grow a successful business at the same time, although those skills are certain to be in demand as well. Many seniors need help with everything from errands to repairs around the house. Are you good at writing emails? If so, you can step into entrepreneurship and make money by launching an email marketing business.
You can find companies that need help with their email strategy on platforms like PeoplePerHour and Upwork , as well as via cold outreach. Once you demonstrate that skill of enticing recipients, clients will rush to get your services and even agree to the price you quote them major brownie points if you can help grow their email list.
Startup costs include investing in email marketing tools , which will automate many of your tasks. This has led to a rise in meals-to-go-businesses offering all kinds of cuisine options.
You can capitalize on this trend by starting your own meals-to-go business in your city, state, or neighborhood. A meals-to-go business can also be managed from a shared rental kitchen. These places are usually equipped with all the essential supplies and can be rented by the month, day or hour. You can find shared-use, licensed commissary kitchens through websites like The Kitchen Door.
Did you know that brands with a digital footprint hire real people to give feedback on their websites? The opinions allow them to address issues that their developers may have failed to identify. You can hire a bunch of people on a freelance basis and create your own website testing company.
Do you have experience in generating backlinks and improving the search engine visibility of a website? Site owners worldwide require the services of SEO experts, so opening a business in this field could turn out to be one of your best decisions. When looking for clients, focus on a niche audience, learn from the experiences and build your portfolio — showcase your success stories and you are bound to see an influx of clients if your SEO techniques are on point.
You can choose to target all sorts of companies or appeal to businesses in a particular niche, such as in the legal, health or financial sector. App development is one of the best small profitable business ideas because so many companies require an app.
Not to mention, the cost of starting this venture has drastically gone down due to the growth of tools and affordable developers.
Today, you can use software like OmniGraffle , Sketch , and CoreAnimator to create the wireframes and mockups before you decide to publish the app. Alternatively, you can hire a freelance app developer via sites like AngelList and Upwork. Of course, that depends on coming up with a monetization strategy that generates recurring revenue. Profitable strategies could include offering in-app purchases and charging for a premium version of your app. If you have the ability to capture great candid moments or recently did a portrait shoot of a relative, you can become a stock photographer by registering a sole proprietorship under your name.
Companies like Shutterstock , Adobe Stock and the like are always on the search for enticing images. You can get started by listing a few of your existing photos on these platforms. Most stock photography websites pay you a royalty for every download on their platform. Another option is to launch your own photography website and sell images directly to people, which is only viable if you have the resources to invest in marketing.
Make sure to arrange enough classes per month so that your students learn their routines fast. If you have a passion for creating your own unique choreography, you may also find opportunities to partner with dance schools to give their students access to your content on a membership basis. If you know the secrets to Instagram engagement , consider becoming an Instagram consultant.
Clients will pay you for creating engaging captions, responding to comments, creating attractive bios, and more. You can monetize these services by charging a specific rate per hour or by the project. This is the perfect business idea for digital nomads as the whole thing can be managed from a smartphone.
To become a sought-after Instagram consultant, master the skill of creating killer Instagram ads that get people to engage and buy from businesses. You can get your first clients by marketing your business on Upwork and other social media platforms.
Starting a video production company, therefore, might turn out to be a lucrative business idea for you.
The initial investment in this business is a basic lighting set, wireless microphones, one to two cameras and lenses , and editing software like Adobe Premiere or Final Cut Pro. See if you can find second-hand varieties for some of this equipment in order to reduce startup costs.
Do you have acquaintances who lack proficiency in computer software? If so, you can set up your own software education business and enroll students on a monthly basis.
Pupils might include entrepreneurs looking to build on their IT skills, or other small business owners looking to master software like Excel and PowerPoint. If you have the expertise, you can lead from the front by teaching most of the classes. Need more inspiration? Check out the latest small business trends.
We have included the most popular business ideas categories below to help you get started in finding the best one for you. There are a few industries with recession-proof businesses that survive or even thrive during economic downturns. This is a list of our favorites from some robust industries. There are a variety of businesses you can run out of your home, and because of the minimal overhead expenses, most of them can be started fairly cheaply. In this article, we outline our top 40 home-based small business ideas for the modern entrepreneur.
See All Home Business Ideas. In this article, we outline our top 40 small business ideas with low startup costs to help you find a low-cost business idea that aligns with your interests and goals. See All Online Business Ideas. Side hustles can help you make some extra money and even lead to more opportunities. In this article, we share our top 40 small business ideas that are best as side hustles to get you started.
Read our list of green business ideas that are perfect for the eco-minded entrepreneur. See All Green Business Ideas. From arts and crafts to performing arts to literature and writing, we outline the best small business ideas for innovators looking to boost their creative spirits and achieve success. See All Creative Business Ideas. If you are family-oriented and love working with children, we created a list of the top family-friendly business ideas that will be perfect for your unique entrepreneurial journey.
It takes time to develop a steady patronage and iron out the operational issues of running the business. To be successful, you have to rent a lot of items, because the rental fees on even expensive products like cars or boats can be relatively modest. On the expense side, you have marketing costs, repair, and maintenance, to name a few.
Liability insurance can also be high. Even if you get people to sign a release, you can still get sued on the basis of having rented out faulty equipment. Then you have the issue of theft.
One day, one of my rental agents the owner of a small motel , called to say that although no bicycles were stolen that day, someone had walked off with the unlocked foot-long, pound chain that I gave him to lock up the bicycles at night! Another huge issue in the rental business can be cyclicality.
When the business is booming, it can be great. When the economy turns, it can be a disaster. Eventually, however, he survived and became hugely successful. Another friend did very well renting out Dumpsters in the construction industry even though he had no experience whatsoever when he started. One great aspect of the rental business is that you can usually get a bank to finance a good portion of your rental equipment.
The public companies in this space tend to be highly leveraged. Hotels and motels are really another version of the rental business, and my comments above apply to them, including the significant cyclicality in rates they can charge and profitability. Especially if you have lots of in-depth specialized experience and industry contacts, consulting can be a great business. Through my book business, I also got to know a number of consultants who I believe switched from a corporate job to independent consulting a little too early in their career.
But, until you develop deep expertise, I think you should focus on lower-priced packaged options, that is, for a certain fixed price you will offer a certain package of consulting. Just like any other type of freelancing, being an independent consultant is a business.
You will be much more successful if you go through the many steps I advise for any other business, including creating a highly detailed and well-though-out business plan, writing out your strategy, testing and experimenting with your marketing, and so on.
In addition to the huge discount department store chains like Walmart continuing to take market share, the so-called category-killer superstores or big box stores continue to threaten smaller retailers in all kinds of categories. Then on top of that, you have the Internet companies, like Amazon, which are more than willing to run their business at a loss today in hopes of making it up at some point in the distant future. You especially need a very carefully developed strategy that clearly differentiates your business and gives shoppers a clear reason for choosing your store.
Location means everything in retail, and a good location usually costs a lot of money. Then if you do get a great location, take full advantage of it with great signage and an enticing storefront. At one point I tried to retail new Polish bicycles out of my house. So for selling new bicycles I think I would have done much better with a real commercial storefront location. Opening up a retail business online—or an e-commerce site, if you prefer—what could be easier? Just throw together a website and wait for the orders to roll in, right?
First and foremost, it is much harder than you might think to get visitors to come to your site. For starters, getting a new website to rank in the first page of search engine results of the more popular keywords on the larger search engines is a formidable task indeed. Yes, you can buy advertising to drive traffic to your site, but it is very expensive.
Then, even once you have driven traffic to your website, it can be very hard to convert visitors to sales.
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