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Best Small Business Ideas

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Best Small Business Ideas

There are plenty of reasons you may be thinking about starting a business.

Maybe you’ve had a great business idea for a long time, are tired of the daily grind, or are just looking for a change.

Regardless of your reason, there are more small business ideas out there than ever before.

You can start a more traditional business based around a physical location, or you can sell a service remotely.

Whatever you choose, the web has created the opportunity for small businesses to scale by reaching customers across the globe.

Related: Best LLC Formation Services

Consulting

If you have expertise in something and love doing it, then consider becoming a consultant.

Many companies don’t want to hire full-time employees for work that may not last in the long term.

That leaves the door open for consultants that come in on a part-time basis and don’t require a lot of the overhead involved with full-time labor.

Other benefits of this small business idea are more control over your work-life balance and a higher hourly wage.

Just keep in mind that higher wage is often offset by having to pay for benefits, and less total hours worked.

Online Courses

One of the trends that have been growing for years in education is online courses. The global e-learning market is expected to be valued at $499.1 billion by 2027.

From Massive Open Online Course (MOOC) platforms to individual creators, online courses are everywhere. And just like consulting, if you have an in-demand skill, you can command a good price for your course.

While opportunity exists in this space, be aware you have to produce quality content. Because there is so much competition, not just any course is going to sell at a worthwhile price.

You need to produce great content that delivers real value. If you do, you can make a great living in the online course space.

Related: Best Online Course Platforms

Podcasting

If you haven’t been paying attention, then you might not know the world of podcasting is exploding.

According to eMarketer, there will be 117.8 million monthly podcast listeners in 2021. Also for the first time, advertising dollars spent will surpass the $1 billion mark, up to $1.28 billion.

If you want to do well in the podcasting space, you again will need to have great content. You will also need to be effective at presenting that content.

Whether you are conducting interviews, or simply providing knowledge, podcasting is one of the best small business ideas if you can get an audience.

WordPress Developer

The power of the web has only increased since its meteoric rise in the 1990s. And it shows no signs of slowing, which is why WordPress is so powerful.

WordPress is the dominating force behind much of the website creation in the world. It accounts for approximately 40% of all websites on the internet today.

Because it does not always require extensive knowledge of coding, being a WordPress developer is accessible to those with limited knowledge.

WordPress has many different easy-to-use page builders that require no coding knowledge at all.

There’s still a learning curve that many business owners want nothing to do with. That leaves the door open for your small business as a WordPress developer.

Social Media Manager

Mastering the world of social media is a complicated task these days. Many business owners don’t have the time or don’t see the value in using social media for their business.

If you are a social media wiz, consider helping other businesses leverage social media to get new customers and build their brand.

It’s a marketing segment with enormous potential if businesses can hone in on their target market and get the right conversions.

It’s much trickier than other forms of digital marketing like CPC. Because of this, a great social media manager can drive significant value for a company.

Photography

One of the best small business ideas for many years has been photography.

It’s an area that always seems to have demand because of the special occasions they help document.

And because you are often hired to document occasions, people are often ready to spend top dollar. think about weddings, family reunions, birthdays, and more.

The average photographer brings in $66,709 per year according to salary.com.

That’s not too shabby especially if you have a passion for the job and get to make people happy in the process.

Graphic Design

If you are a talented graphic designer, you can turn those talents into a successful small business idea. 

Whether that’s designing graphics for a website, mobile app, or print material, the demand is high.

Like consulting and other service-oriented businesses, graphic design can give you much more flexibility than a traditional job. You can typically do design work from any location and complete the work any time of day so long as you meet client deadlines.

Massage Therapist

The population in the United States is getting older by the minute. With the majority of baby boomers now in their 60’s and 70’s, that means there are a lot of people out there with aches and pains.

That, coupled with the trend for more holistic health treatment, has many people looking for ways to naturally reduce pain.

This increasing demand makes becoming a massage therapist one of the best small business ideas out there today.

Personal Trainer

Another great idea that fits right in with today’s health trends is a personal trainer.

If you love staying fit, then consider turning your passion for health into a business.

Because you are working with individual clients, it’s a business that has a lot of flexibility. You set th

Bookkeeping

Most large companies have an in-house accountant to do this work, but millions of small businesses don’t have the budget.

If you have accounting skills, one of the best small business ideas for you is bookkeeping.

This is another business that you can do from anywhere for most small businesses. That gives you the flexibility to work from wherever you want. And in most cases, you can choose your hours since you’re not needed on a daily basis to provide consent financial guidance.

Daycare

Parents across the country are in need of daycare more now than ever. With the growing trend of dual-parent working households, daycare is a necessity.

And they are willing to pay a pretty penny for these services. According to the Center for American Progress, the average cost to provide center-based childcare for an infant in the United States is $1,230.

While this creates a significant opportunity, starting a daycare is not for everyone. Watches children every day comes with a lot of challenges and frustrations as any parent knows.

But if children are something you truly love, then starting a daycare might be a great idea.

The Bottom Line on Small Business Ideas

Starting a new business is hard work, but it can be more than worthwhile if you love what you’re doing.

So finding the best small business ideas suited to your skills is absolutely critical.

The good news is that starting your own business is easier than ever in today’s world of technology.

In many cases, you can work from wherever you want and do the work on your own timelines.

You also have limitless access to customers via web-based businesses like eCommerce, online courses, podcasting, and many more.

So if you’re looking for a change and interested in working for yourself, think about starting your own small business.

These are just a few ideas to kickstart your brainstorming.

Leave a comment below if you have other great small business ideas to suggest.

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