While thinking of starting your own business, the first thought that may cross your mind will probably be about “What should I sell?” or, “Which market segment makes the most money?” or even, “How do I start with my skills?”
Coming up with brilliant startup ideas is tricky to aspiring entrepreneurs, especially when it seems that everyone already has good ideas for a business.
One can become successful by improving on existing products or putting a unique touch on an existing idea. Starting a business can bring greater job satisfaction and higher earning potential.
Below are some ideas;
Business Consulting
If your friends and family constantly turn to you for help when it comes to business advice, then it might be time to look into starting a business consultancy. Being involved in business consultancy will need credentials no matter how good you are.
Credentials add value to your knowledge and even if you don’t have them now, you can always work towards getting them. Companies are always looking for people with a great sense of business no matter which field it is.
Make local guides
Creating local guides can get you familiar with your surroundings and help tourists enjoy experiences in your area. Make themed guides, highlight attractions, and partner with local businesses for advertising opportunities.
Start ghostwriting
Create content for busy professionals that 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.
Become a resume writer
Alomst all Individuals need a resume, but few people are skilled at writing their own. If you’ve got writing experience and are looking to for a startup with no setup costs, creating a resume-writing service could be the path for you.
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 clients. Start by creating your own YouTube channel and consider breaking into wellness, business, or life coaching.
Start flipping 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 easily be a profitable pursuit.
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.
Commission sales
If your skills involve having great sales and marketing skills and you enjoy building professional relationships to grow your network, this may just be the field for you.
Many companies are looking for someone who has their own sales ability with a great technical know-how. The more you sell, the more you make money and the better you get at it, the higher your commission goes.
Start a podcast
If you’re deeply knowledgeable or passionate about a subject matter, consider getting into podcast production or hosting. The number of people that listen to podcasts has increased and it’s an easy way to connect to an audience.
Be a social media influencer
Influencer marketing is a great opportunity once you find a niche and build a personal brand, with a large following on Instagram or YouTube, it can be a source of income through influencer marketing.
Create online courses
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.
Become a marketing consultant
If you’ve got digital marketing skills, help small businesses reach their target audiences by providing SEO, social media, or copywriting services. If you don’t have marketing experience, taking an online course could help get your foot in the door.
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.