Some of these business ideas you can operate from your home. Some you can start part-time. And most of them you can scale FAST. Starting a business with 10k can bring you the same amount of money, your colleagues can have with mid-size enterprise.
In this article, we will help you identify a business niche definition, and you just look at the key factors you need to keep in mind.
Main Idea: buy stuff – sell stuff. Simple as that.
Problem: Business Model is very important. Find a supplier that can deliver goods on time and with wholesale pricing that can bring you enough margin to evaluate your business.
Main Idea: find a person who’s selling a house, make a house more appealing and preparing for the real estate market.
Problem: Networking and Paid Ads is the gold here. So, you’ll need to have money in your pocket for your beautiful Ads (with your face on it). Plus – a very good, PROVEN decoration, home-design and communication skills.
Main Idea: find a person who’s buying a house, invoice him for your services (houses inspections). He’s going to pay you for every house he’s going to buy or rent.
Problem: Starting a business with 10k may sounds like easy-peasy. But this time – competence and Paid Ads is the gold here, again. So, you’ll need a very good house-maintenance skills PLUS budgets for the Ads. So be ready to have enough money for budgeting your marketing.
Main Idea: find a product / service / software that is legit and known by YOU and your community. Find a way to promote your drop-shipping business. Have an affiliate bonus from every item you’ve sold.
Problem: You must be a descent youtuber / influencer, or creative SEO-specialist, or very good at Facebook / TikTok / Instagram / LinkedIn Ads. If you’re not experienced enough, you may have a money loss just because Ads are pricey. And yes, this is not your product. If it’s gone – your business is gone too. Generating business ideas is a crucial competence for you.
Main Idea: create a product line without pricing at all. Make a degustation party with anonyms voting about what’s good and what’s wrong with visual, naming or is it taste good. Edit your product line and make a descent pricing. Sell it in your city. Your first clients can be schools, cafe’s, small business owners.
Problem: You have to be very confident on your product (is it looks / tastes good enough to make a recurrent pricing plan?). Is it cheap or pricey? How many clients can you handle per day without going mad about it? How many clients you MUST have to have a 10K/month (for example)
Main Idea: Be a niche photographer / Artist. Sell your services in your city, for the people or for the business owners. Be as unique and as niche oriented business as possible (be profitable as well).
Problem: Deeper niche is always less markets to buy from you. Initial investment can not be cheap when you go with pricey services or Art.
Main Idea: Be the one who understands every social media platform’s algorithms, who writes a sales copy and has a good taste in designing for social media. Business owners love that.
Problem: Your (or your clients) posts should have at least 10 reposts, and you have 10 leads from every post you made on average, to start that kind of business
Main Idea: Business owners want some outdoor activities to manage. You have a catalog of events you can handle (business trends says it can be in PDF format).
Problem: this is not a small business! You’ll need a pro-team (account, decorator, animators, maintenance manager / technician, buyer) and a bigger amount of initial investment on instruments, decor, ads. In a year or two, you’ll be going to need a business expense reduction consultants.
p.s. Accepting credit cards can bring you a lot of upsell (think now!) during outdoor activity itself.
Main Idea: Your business plan is simple. Business owners need a perfect team for their business, you can find right people.
Problem: small business that needs to find a way to be cheaper than “others” and your HR system must be perfect, so people will not leave the client’s job in 2 months.
Main Idea: be the one who’s writing skills is soooo good, that everyone of your target business-clients want to work with you. And you only!
Problem: you must be in love with copywriting. Can you write about your target businesses freely? Can your texts bring leads / brand awareness fast? Does your small business have a new team members onboarding process for scaling fast?
You can view our article about 9 trendy niche ideas for business in 2022, it will be useful for those who have not yet understood their business niche definition and for those who are looking for their niche.
Yes, without advertising and marketing services, there will be no promotion of your business. Without promotion – no growth. Without growth, there is no income. Therefore, advertising and marketing are necessary.
Uniqueness – you have to give people what someone else has not given. Pay attention to those products, services that many people forget about, or those interests of people on which they rarely try to build a business, and voila – your customer base of people you listen to is ready.