business niche definition

Business niche definition: The Best Service Businesses to Start With 10 000 USD or less

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.

1) Online Store with trendy niche goods (E-commerce)

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.

The Way:

  • Find a Niche with growing demand
  • Find the best suppliers (at least 2 companies)
  • Create an easy-to-manage Website with great UX, FAST and CHEAP
  • Create a simple CRM or Google Sheets / Excel Online clients Database
  • Create a Social Media content Marketing Strategy
  • Develop a mobile version of your web store and add push notification
  • More sales = better wholesale prices = more margin 
001 online store

2) Start Home Staging with 10K: business niche definition

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.

The Way:

  • Find a Niche that you’re comfortable with (commercial real estate, big houses, old houses, small houses, apartments etc.)
  • Find a few clients in your area (it is going to be perfect if real estate is located on a well-known street)
  • Create a simple website (web-based sales funnel to be exact, with free offer, upsell and thank you page)
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your potential customers (they are your real marketing instruments)
  • Create a real estate service with local business profile in Google 
  • Create Social Media page for real estate sellers with portfolio and your personal brand
  • 20$ per Ad, per week as a minimum (make at least 3 at the same time)
  • More clients per month = more business ideas about scaling
002 home staging business for 2022

3) Begin today that Home Inspection if you have enough experience

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.

The Way:

  • Find a few clients which buying a house in about 3 months and make them an offer of free first inspection
  • Create a simple website (web-based sales funnel to be exact, with free offer, upsell and thank you page) and easy to understand pricing plan.
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create Social Media page with posts about crucial mistakes or issues when buying a house 
  • More clients per month = more ways to be more pricey
003 home inspection business

4) Creating Online Affiliate Marketing business like you are a celebrity

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.

The Way:

  • Find your perfect product (you like it, you know a lot of people who can buy it)
  • Create a simple website (web-based sales funnel; with your product offer, upsell with quantity and thank you page)
  • Promo video, Ads, Ads, Ads!
004 affiliate business

5) Business niche definition about home based food hobby

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)

The Way:

  • Make a product with good taste, price, look.
  • Create an e-commerce website for your product line. Find local business associations for your next business development steps.
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create a local business profile in Google
  • Create Social Media page with posts about your products, delivery, manufacturing
  • Give Ads a shot (100$ per week)
  • More clients per month = more business ideas about your product line. Then, maybe, you should consider starting a business with 10K again.
005 home based food business

6) Creative Artists business problems and Main idea for starting a business with 10k

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.

The Way:

  • Find your niche (means – you`re the best on it in your area, and every other Artist agreed with that)
  • Create your photography business portfolio with free offers to your first clients (5-10 influencers would be perfect)
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be intouch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create Social Media page with posts about your clients, your work, and manufacturing process
  • Find your dream clients (dream portfolio, medium and small business owners, I`d say) in Facebook and other social media, maybe they`ll be interested in free work from you?
  • More clients per month = more ways to be more pricey
006 Artist

7) Go with Social Media marketing and overall SM management business in 2022

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

The Way:

  • Find 2-3 business owners from your target audience (online business or home based business – doesn’t matter at all). Your work is free for them. They only pay for Ads cost.
  • Create your perfect-record PDF. Go to local business associations. Find potential clients there.
  • Find digital marketing partners (not competitors, but partners!) to have a better product line.
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create a Social Media page with posts about your clients, and free tips on “how to promote your business on TikTok” etc.
  • Design a simple website (web-based sales funnel; with your product offer, upsell with quantity and thank you page)
  • More clients per month = more ways to be more pricey, more expected earnings. Starting a business with 10k is more likely successes.
007 social media business idea

8) Business niche definition 2022: Create some outdoor events and stay away from scailing

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.

The Way:

  • Find 2-3 clients with business from your target audience. Your work is free for them. They only pay budgets.
  • Create your testimonials PDF, standard invoice calculator for every standard project in Google Sheets or Excel and share it with your potential clients.
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create a simple task-manager for your team (like trello or Google Forms + google Sheets)
  • Create a Social Media page with posts about your clients, and free tips on “how to make a perfect outdoor activity” etc.
  • Design a simple website (web-based sales funnel; with your services offer, upsell and thank you page)
  • More clients per month = more ways to be more pricey. 
  • But customer service is crucial – keep an eye on it.

p.s. Accepting credit cards can bring you a lot of upsell (think now!) during outdoor activity itself.

008 Outdoor Adventures

9) Be a better HR in a Market

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.

The Way:

  • Find 2-3 clients with businesses from your target audience. Your work is free for them. They only pay after your people are hired and worked for 3 months.
  • Create your testimonials PDF, standard invoice calculator for every standard position in Google Sheets or Excel
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create a simple task-manager for yourself (like trello or google Sheets)
  • Create Social Media page with posts about your clients, and free tips on “how to find a perfect team” etc.
  • Create a simple website (web-based sales funnel; with your services offer, upsell and thank you page), make a post about your customer service and virtual assistant services.
  • Find a digital marketing partner to get more local businesses and potential clients from the United States. 
  • More clients per month = more teammates you need.. or collect some more money for initial investment on Top-Level clients with Top-Level HR needs. So, business model can change right away.
009 HR Services Startup business idea

10) Freelance writing as a small business with a small team

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?

The Way:

  • Find 2-3 clients with businesses from your target audience. Your work is free for them. They only pay if they like your texts. Marketing consultants, affiliate marketing specialists are your potential clients and on top of that… they are your source of clients.
  • Create your testimonials PDF, pricing, standard invoice for every standard copywriting items from your product-line
  • Create a simple CRM or Google Sheets / Excel Online clients Database to be in touch with your loyal clients (they are your real marketing instruments, and your future customers as well)
  • Create a simple task-manager for yourself (like trello or google Sheets). It`s useful if you are the one who`s starting a business with 10k.
  • Create Social Media page with posts about your clients, and free tips on “how to be more powerful on social media and sell more with texts” etc.
  • Create a simple website (web-based sales funnel; with your services offer, upsell and thank you page)
  • More clients per month = more ways to be more pricey
freelance writing

FAQ

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.

Remember that EVERYTHING is possible. The main thing is your desire and fire in your eyes. If you need the first free consultation with advice – contact City Profit.