Looking for some simple small business ideas because you are driven by the passion to start something on your own? Then this list of small business ideas will surely help you find your niche and guide you towards a money-making venture!
(Updated on 30th Jan2020)
Vishal Awasthi, the 42 year old System Engineer with a promising career, decided to submit his resignation the day he realized the corporate world has nothing more to offer to his personal and professional growth. He started researching for suitable small business ideas online and finally zeroed in on “tech consultancy for startups”.
The sagacious decision of quitting the 9-5 job became the turning point in his life. The way he utilized small business ideas, enabled a gradual accretion of wealth. Now he is quite happy and relaxed with his swanky opulent lifestyle envied by most of his co-workers.
If you are a dream-chaser like Vishal, bursting with verve and energy to start a venture of your own, then you might be interested in some of these small business ideas which can be started as online/offline venture.
Start a Facebook Fan Page – One of The Simple Small Business Ideas Online For Social Butterflies!
Do you curse yourself for spending too much time on Facebook? No need to feel guilty anymore! You can now make easy money by being a little creative on the world’s favorite social media website.
All you have to do is to target the most profitable niches. Then you can create niche fan pages, post photos, videos, and updates a couple of times per day.
Some of the super-targeted niches on Facebook are self-improvement, beauty therapy, pets, fitness, and weight loss.
How it Exactly Works?
The idea is to post engaging content that inspires your fans to share the information within Facebook. When a post is shared several times, it goes viral. This ultimately helps drive thousands of visitors to your fan page. The simple trick opens up a plethora of opportunities to monetize your time and effort. There are a variety of ways to earn money from the visiting traffic, but the widely adopted method is affiliate marketing.
Affiliate Marketing – One of the Most Popular Small Business Online Ideas That No Marketer Can Ignore
This online business model is greatly appealing. It lets you make money without having to deal with the intricacies of business, such as product creation, business relationship, customer support and the like.
All you have to do is to draw traffic to your blog, YouTube channel, or Facebook fan page. The ulterior motive is to facilitate a sale through affiliate links of online retail sites like Amazon, Commission Junction, or ClickBank (CB).
Here’s a list of top affiliate programs to consider in 2020.
How it Precisely Works
As an affiliate, you can sell digital, as well as physical products, and earn commissions to the tune of 10 to 50 per cent on product sales. Amazon is indubitably the place to be to start your online business as it shells out billions of dollars in commissions to its affiliates.
Create a Youtube Channel
From Daniel Middleton to Logan Paul, Felix Kjellberg to Jake Paul, and Lilly Singh, there are thousands of stars in the pixelated world of YouTube. They are making millions of dollars in hard cash. YouTube sensations are all over the place, and all it takes is a great idea to be one. Tech-giant Google’s web and app-based video sharing platform YouTube, with an insane 5 billion traffic per day, is without a doubt the gold mine that has something for everyone.
How to make it work for you?
You can easily conduct online courses, launch a channel of your band, post DIY tips and tutorials, upload activities of your pets.
In short, you can share anything under the sun that is funny, interesting, and informative. No matter whatever your niche is, the traffic your channel generates, instantly translates into money.
You can monetize your YouTube channel by selling your own products, affiliate products, or through Google’s AdSense for YouTube.
Blogging – The Guru of Small Business Online Ideas
The fastest, easiest, and the most inexpensive technique to kick start your small business is to build a blog. Blogging is a great way to attract an overwhelming number of internet traffic. Make no mistake, blogging has made people millionaires and billionaires in a short span of time. There is a myriad of systems that bloggers deploy to monetize their blogs.
Can Blogging really make money?
Some of the most common practices that help make good money are Google AdSense, affiliate marketing, selling guest posts, and banner advertising. You can post anything from cooking tips to product reviews, or online albums. But to start with, make use of the world’s most preferred content management system, the WordPress. A WordPress blog is one of the top-ranking small business online ideas to generate a passive income from the word go.
If you are serious about blogging, first you need to check out the top blogs in your niche. Nowadays, micro blogging has become the trend as it is making real money for serious bloggers.
Market Your Designing Skills
If you are a designer with impeccable Photoshop skills, then no one can stop you from making fast bucks from the Internet world. Graphics designing is a high-paid skill set. If you have the creative bone, you can start an online business right now.
There are two ways to monetize your design work. You can start a blog and take direct orders from private clients. Else you can market your graphics templates on design marketplaces like zazzle, 99designs, DesignCrowd, and Graphics River.
Do a Google search to explore the top online marketplaces that offer designers a platform to showcase their artwork. Check out the top-selling categories to get a feel for designs that sell.
Here are some of the top platforms to consider for selling graphic designs.
Become a Virtual Assistant – Really Simple Small Business Idea With Great Earning Opportunity!
Are you interested in desk job assignments that pay you in the range of 10 to 25 dollars an hour? Well, you can make much more than that, if you are an expert in handling administrative workload.
Today, millions of entrepreneurs and busy professionals offload their secretarial jobs to virtual assistants.
They efficiently accomplish tasks like scheduling a meeting, sending and replying to emails, or feeding data into excel sheets.
In this fast-paced world, virtual assistant support is one of the top-trending small business online ideas that pays you from the very first day. However, if you are planning to work for big companies with massive, mission-critical workload then this business may demand a small investment from your end.
Start a Domaining Business Online
Domaining is very much like the real estate business, except that, in this case, you will be dealing in cyberspace instead of a physical real estate. The inherent constituent of real estate dynamics – ‘speculation’ – is present in this business as well.
In this speculative business, there are instances of people making hundreds and thousands of dollars with investments as low as ten bucks. Nothing like it, if you can manage to acquire a list of existing and upcoming local businesses that do not have a website yet.
How to Make it Work For You
You can buy a combination of domain names at a cheap price, and later, sell them at a profit.
Besides direct marketing, you can also make big money by selling the domain names owned by you on marketplaces like Afternic, Flippa, Sedo, Brand Bucket or GoDaddy Auctions.
The best part is, domaining is one of the very few small business online ideas that requires no prior experience or expertise. Simply follow the rules of a website flipping business and make money in no time!
Teach Foreign Language– One Of The Simple Business Ideas Online With Huge Earning Potential
If you have had the opportunity to learn languages such as Spanish, French, or Chinese, you can leverage your linguistic proficiency and make money online. The skill that you probably take for granted can turn out to be a big money-earner. Foreign language teachers are in-demand, and if you are not utilizing your skills, then you are missing out big time.
What should you do?
Contact interested learners using video telecommunication applications like Google Hangouts or Microsoft’s Skype, and you are ready to go. Fix an hourly rate for your teaching sessions, and charge accordingly for the service you are offering.
You can consider few of these online platforms to teach language of your choice.
Be a Private Chef – An Opportunity To Turn Passion Into Profession
If you are passionate about cooking, then the internet is full of opportunities to turn your passion into a business venture. All you need is a decent website to showcase your cooking skills to a wide range of audience.
How do you turn your passion into a profitable startup?
If you are someone who is not camera-shy , then you can start subscription-based online cooking classes. Another good idea is to launch an Youtube channel to offer health and nutrition tips.
Start 3D-Printed Product Business – One Of The Unique Small Business Online Ideas To Try Now!
3D printing, one of the key technological breakthroughs in this digital era, is all set to transform the world of e-commerce. No wonder, young entrepreneurs are seriously considering it as one of the lucrative small business online ideas.
So what do you do to harness this new trend?
Consider few hot-selling 3D-print products like jewelry, technical accessories, bicycle parts, and home accessories.
You can sell your 3D-printed products via your own e-commerce store, or on any third-party website.
Offer Service as a Makeup Artist – One of the Creative Small Business Online Ideas
To get started with this unique online business, all you need is a professional website and a powerful portfolio. If not a website, you can start with a Facebook Page or YouTube channel. It’s better if you can pick up a niche, e.g. makeup tips for busy lady bosses or beauty tips after 60.
How do you generate revenue from this niche?
Apply the right content marketing strategies to promote your services and products. Once your business starts gaining momentum, you can start selling beauty products and makeup tutorials, as well as bill your clients for customized makeup tips.
Another unique idea is a subscription based delivery model where you offer to deliver custom makeup kit to the subscriber every month, against a fixed price.
Be a Dating Coach or Consultant – Undoubtedly one of the Popular Small Business Online Ideas
In today’s fast-paced life, a lot of people rely on online dating sites to find their perfect match. But many, unfortunately, remain unsuccessful in their endeavors. Thus the field is open to make money online as a dating coach or consultant. You can simply start the service with a Facebook page or online chat.
What are the responsibilities of a dating coach?
Being a dating advisor, you have to help your clients overcome their weaknesses. You need to fine-tune their individual strengths so that their confidence level gets a mega boost.
It is your responsibility to advise clients who are unlucky in love and help them develop interpersonal skills which ultimately leads to finding a better match.
You can chose to work in person/offer online service or a combination of both.
Offer Services as a Public Speaking Trainer
From delivering messages at conferences to pitching ideas to investors, public speaking skills can help win toughest situations. But speaking in public before a huge audience, can be a nightmare for many.
How do you make money as a public speaking trainer ?
If speaking onstage is your natural ability, then this is one of the best small business online ideas which can make fast money! Conduct online coaching lessons and share the secrets of your public speaking success. Approach individual professionals and entrepreneurs, who need to communicate smartly. Also, you can start corporate training classes for a handsome earning.
Earn as an Online Translator
Companies looking to expand their businesses worldwide, need translation services for various purposes, the prime purpose being is translation of important content. If you are fluent in more than one language, but not interested in teaching, then you can offer online translation service and make good money out of it.
How do you earn as an online translator
Connect with businesses, especially the ones with global presence. You can offer online content translation services (website/business blog/social media posts) in languages preferred by your target audience.
There are many freelancing sites where you can find translation jobs, matching your criteria. You can charge your customers hourly / per word and even monthly basis.
Here’s a list of websites to get translation jobs online.
Start an SEO Consulting Business
If you keep interacting with small business owners, by now you must have noticed how obsessed they are about optimizing their websites for search engines. The problem is most of them don’t have clear idea about how SEO works.
Grab this opportunity to start an SEO consulting business. However it is one of those small business online ideas where money doesn’t come easy!
Often the customer expects fast result and may follow a hire-and-fire policy if you fail to deliver within 2-3 months!
How exactly does it work?
If you plan to enter the SEO consulting market, then you must be prepared to undertake lots of responsibilities. You must have clear idea about keyword research and mapping, SEO optimized content creation, link building, on-page and off-page optimization, search engine ranking, online competitive analysis, website audit and a lot more.
Offer Bed and Breakfast – One of The Lucrative Money Making Business Ideas For Young Adults Worth Considering
Home-stays are rapidly emerging as one of the hot new business ideas in the hospitality sector. This is quite evident from the phenomenal growth of portals like Airbnb.
If you are lucky enough to have a house or can arrange an accommodation that has 2-3 spare rooms, then you can earn a few hundred dollars per month. How? By simply listing your rooms on sites like Airbnb with bed and breakfast service!
Guest hosting also opens up various earning opportunities. Besides bed and breakfast, you can offer added services. These can be arranging flight and cabs, planning city tours and cultural activities, taking the guest to exotic eateries, etc.
According to recent statistics, there are 1.9 million listings on Airbnb. The portal has 150 million users, covering over 65,000 cities. Since 2008, 400 million guests stayed at Airbnb listings.
Make Money by Referring Customers to Local Businesses
If people trust your suggestion and call you up to know about the best bistro, lawyer, or dentist, then you can make a buck by referring them to businesses you know. Referral service is one of the oldest money making business ideas that has made many people rich.
In this internet age, you need to build a website to feature businesses you intend to work with. Market your website among friends and family. Just make sure that your users can easily and instantly access authentic information, which they can’t find elsewhere.
Provide Child-Proofing Services – And Earn More Through an E-commerce Store
Child-proofing is one of the profitable business ideas that many entrepreneurs don’t know about. This makes it one of the low-competition, money making business ideas.
Want to know what a child-proofing service exactly is? Simply speaking it is about providing a safe home for babies. As a child proofing service provider, you have to do a survey of the client’s home.
Your responsibility is to find out particular nooks and corners which might be dangerous or unsafe for the baby. That area can be a sharp corner, staircase,or a kitchen cabinet. Even a door lock that doesn’t work properly is considered unsafe for a kid.
As a childproofing service provider, your responsibilities will be something like this, as illustrate in the image.
You can also boost income by starting an e-commerce store to sell baby products.
Why childproofing business is growing fast? According to latest statistics, 80% of child deaths occur at home; reasons are poisoning, choking, burning, or drowning. This is why parents have now become quite conscious child safety as home. They are ready to hire child-proofing experts to implement home safety measures.
The increased awareness is driving the global child-proofing market, which is growing at a CAGR of 6.96%.
Offer Online Editorial Services to A Broad Range of Customers
As a part of editorial services, you can offer a multitude of solutions. Few services which are in demand are
book writing especially e-books and
web content writing.
You can extend your online editorial services to small businesses, large enterprises, students, professionals, authors and more.
Setting up an editorial services company is one of the best business ideas to make money online without any huge involvement. And there is huge scope of making money from this business.
Beauty Vlogging – One of the Hot Money Making Business Ideas For Young Adults
These days, beauticians and makeup artists are turning into YouTube celebrities. They are earning in five figures by providing beauty tips and makeup tutorials to their audience.
If you are an expert makeup artist, looking for money making business ideas, then launch a YouTube channel to earn money online. You can run this business right from your home. Simply you s need a laptop or a desktop with high quality webcam and microphone to operate. Even you can do beauty vlogging from your mobile phone. To make more money, you can develop a website and sell makeup courses and/or beauty products to interested candidates.
According to Statista, in the year 2017 more than 88 billion videos related to beauty-related were viewed on YouTube. This figure was 55 billion in the year 2016. YouTube reported 700+ million views of videos that serve beauty content.
You can draw inspiration from some of these top beauty channels on YouTube.
Patient Advocacy Is Gaining Tremendous Importance Across the World
You should not treat patient advocacy like any other general business. It is actually a sort of healthcare specialization service where you have to provide support to patients suffering from long-term illness. These patients are most likely, not in a condition to attend to their own medical condition.
As a patient advocate, you have to monitor several important things. For example, you need to suggest the right hospitals, collect bills to claim insurance. Also you have to negotiate with insurance companies to pass on the optimum benefit to your client.
While patient advocacy business can be started without any investment and even during weekends, but a thorough groundwork is always suggested before you take the plunge.
Real Estate Management Is Emerging as One of the Top Money Making Business Ideas for New Entrepreneurs
A real estate manager is the first contact for people looking to buy or sell their properties. As a real estate manager, you need to undertake several responsibilities. Besides ensuring safety and maintenance, a real estate managers confirms that properties managed by him are free of litigation.
Real estate management is one of the best money making business ideas for young adults worth considering. Why? Because there are endless opportunities to increase earning potential. You can make money as a real estate agent by undertaking a variety of additional jobs like interior designing, furniture supply, painting, landscaping, etc.
MarketsandMarkets, a market research firm expects the global property management market size to grow at a Compound Annual Growth Rate (CAGR) of 8.8% between 2018 and 2023, from USD 14.47 billion to USD 22.04 billion during the forecast period.
A Telemarketing Unit Is One of the Best Small Profitable Business Ideas That Is Witnessing Growth Over the Years
With an aim to cut down costs, an increasing number of businesses now outsource their marketing campaigns. Thus telemarketing services are in demand.
As a telemarketing business owner, you have to generate warm leads, and set up customer appointments on behalf of your client. If you have good communication skill and can fluently interact in different languages, then you can start a telemarketing unit.
Transparency Market Research, a leading market research and intelligence firm, presents few interesting statistics.
The global outbound telemarketing market will touch $12,201.4 million by 2025. This a big leap from $8,848.9 million in 2016, posting a CAGR of 3.7% between 2017 and 2025.
Become a Health and Fitness Guru – One of The Simple Business Ideas to Start on YouTube
Health and fitness topics are the most-searched categories on YouTube. For fitness enthusiasts, a health and wellness-related YouTube channel is one of the hot new business ideas to consider right now.
If you know how to treat different health issues the natural way and have benefited by following a certain fitness regime, then share such info with your followers on YouTube. However, to make money on YouTube you need to be innovative and methodical.
The global health club industry revenue reached $87.2 billion in 2017. And the industry has 151 million members worldwide.
This is reported by the International Health, Racquet & Sportsclub Association. The health and fitness sector is growing fast, as brands are approaching vloggers to promote their products.
Website Flipping Ranks as One of the Top Profitable Yet Simple Small Business Ideas for Web Developers
One of the hot new business ideas for tech enthusiasts, website flipping is all about buying a website, optimizing it, and selling it at a profit. If you are a web developer, who can expertly identify websites that have room for improvement, then this business is ideal for you.
However, it is not easy to make money from website flipping. You need to know the ins and outs to website flipping to make the most of this online income opportunity.
Currency Trading Is One Of the Attractive Money Making Business Ideas For Young Adults Who Know the Fundamentals of Forex Market
Currency trading is increasingly becoming a popular trend. These days, many stockbrokers and banks offer online trading platforms to trade currencies at lightning speed. You can use the platform to do your own currency trading.
Else you can start a currency trading business also, on a profit-sharing basis with the Forex trading platform provider. The business demands thorough analytical and technical skills to understand the foreign exchange market worldwide.
According to NASDAQ, the global foreign exchange market trades over 5 trillion dollars every day. The Forex market trading volume is 25X more than the total equity trade volumes worldwide.
Custom Clothing – Really Simple Business Idea for Creative Individuals!
The online custom clothing market is still at its nascent stage, and the sector is fairly untapped. This throws open an excellent opportunity for fashion stylists. If you are a fashion enthusiast looking for hot new business ideas, then this industry offers significant growth potential.
If you are passionate about trending styles and fashion, you can start this online business and provide personalized tips to your clients. Your custom clothing suggestions can range from designs to fitting, patterns, and fabric.
According to a report published by Credence Research Inc, the custom T-shirt printing segment alone will cross $10 billion by 2025,. Through the forecast period, i.e. 2017 to 2025, the global market for custom T-shirt printing will grow at a CAGR of 6.3%.
Application Development Is One of the Booming Money Making Business Ideas Today
IBISWorld reports that the market size for smartphone applications in the US is $12 billion. The market is growing at a crazy speed, with an annual growth rate of over 36%.
Do you have the expertise to create unique applications for web/Android? Then this is the right time to enter the app development market. Yes, this is one of those money making business ideas for young professionals passionate about technology and coding! The best part is, this business requires only app development skill, and little to zero investment.
Sustainability Consulting – Help Businesses Manage Social and Environmental Responsibilities
Today’s business model lays great emphasis on CSR (Corporate Social Responsibility). The sustainability consultant delivers social, economic, and environmental benefits to stakeholders, employees, and the public.
Modern businesses, need sustainability advisors to recommend them unique options and solutions. The advisor is responsible for sustainable development without impacting the bottom line.
Recently an independent research firm Verdantix published a forecast model. It shows that the global sustainability consulting market will touch $1 billion in 2019. Spending on sustainability commitments will also increase. It is expected to rise from $877 million in 2015 to over $1 billion in 2019.
If you have specialization in this field, then consider sustainability consulting. It is one of the best money making business ideas that can actually make you wealthy very fast!
Cyber Security Consulting Features as One of the Extremely Popular & Profitable Business Ideas
As a cyber-security consultant, your prime responsibility is to protect clients from diverse security threats. These can be virus attacks, scamming, and hacking and related issues. Cyber-security consultants play both the roles of a defender and attacker in software programs, networks, and computer systems.
If you have a bachelor’s degree in computer science, then you can start a cyber-security consulting company and make a living out of it.
The total value of the global cyber security market was $116.5 billion in 2018. Business consulting firm Grand View Research predicts a CAGR of 11.0% over the forecast period 2019 – 2025.
Become a Social Media Advisor – Help Businesses Get Social Media Recognition
With the addition of new platforms every year, the social media craze is not going to die soon. This makes social media consultancy one of the most sought after business ideas to make money in recent times.
The best part is you can become a social media constant without any formal training. If you have a significant social media fan following (preferably 1000 plus), you can start making money as a micro-influencer.
And then you can opt for certification courses conducted by several established platforms. You can take your pick from Google, Twitter, LinkedIn, Udemy and the like. The certification will turn you into a thorough professional within a few months.
Read this article to know start a social media consulting business.
Start a Business of Creating and Selling Online Educational Products
Educational product creators are making smart money. Sometimes they can earn even better than bloggers and vloggers. This is because they offer specialized knowledge and expertise in a digital format, such as an e-book, online course, presentation, etc.
If you have a subject-specific knowledge to share, you can publish and sell your own e-book. The most popular free self-publishing platforms are Amazon’s Kindle Direct Publishing (KDP) and Barnes & Noble.
You can even design online courses and sell it from your own website. Else you can try several trusted online course platforms to sell the digital educational product.
Launch Desktop Publishing Business And Earn in Your Spare time
If you have few years of experience in freelance desktop publishing, then consider starting a full-fledged business now. You need to create a business plan and decide what sorts of assignments to take up from clients. Generally customers place orders for brochures, pamphlets, posters, magazines, newsletters, etc.
You simply need a computer and a high-quality desktop publishing software to start this business. There are design tools like Lucidpress or Scribus which can be used for free.
If you are a designer confident about own creativity then consider desktop publishing to make easy money online.
Offer Virtual Assistant Service To SMEs and Startups- One of The Simple Business Ideas for Qualified Professionals
A virtual assistant is basically a digital version of a personal assistant. If you have held the post of a personal assistant in an office, then this business is ideal for you. Work as a virtual assistant and enjoy greater freedom. As you get to pick your clients, working hours, and pay rate, that assures greater job satisfaction.
The fact that only 59% Virtual Assistants work full time, makes it quite a lucrative part-time business proposition. According to Global Market Insights, Inc., the intelligent VA (IVA) sector is expanding fast.
From a modest $1 billion in 2017 this industry is expected to reach an astronomical $11.5 billion figure by 2024.
Undoubtedly, the Virtual Assistant industry is on the verge of phenomenal growth and a young entrepreneur can immensely benefit from this expansion.
Start a Virtual Reality Related Business – One of the Fast Emerging Small Profitable Business Ideas
VR is rewriting the technology dictionary every possible way! Terms like “Oculus Rift” no more sounds like a spaceship component. Neither do people misinterpret “Google Cardboard” as a Google card game! This means people are ready to explore the world of virtual reality. They are willing to spend money on VR technology too.
This opens up lots of business opportunities for tech-savvy entrepreneurs intrigued by VR innovation. Few VR-oriented hot new business ideas worth considering are VR café, virtual reality dating service, VR app development, marketing service and a lot more.
By 2027, the virtual reality business market globally is expected to touch an exorbitant $485 billion.
Enough reason to be a VRpreneur??
As evident, the above money making small business ideas for young adults do not need huge investment. Apparently most of these business ideas sound simple, especially if you have experience in the relevant field. but starting a business is quite a different ballgame!
You should be prepared to do extensive research to decide if you are ready to commit to entrepreneurship. And of course you need to do thorough planning before making the first move. So, devote quality time to build up a business plan, and try to stick to it. Your business will definitely start making money!