Did you know there are over 30 million small businesses in the United States?
If you’re hoping to branch out from the typical 9-5 office job, you may be considering starting your own business.
However, the popularity of certain niches is always changing. How can you make the most out of your business funding?
We’re here to help you out. Keep reading below for eight of the best new business ideas right now!
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Have a killer business idea but no room to store inventory? Dropshipping is the answer.
As a dropshipping business, you’ll partner with wholesalers to market products. After you make a sale, you pocket part of the profit while also paying the retail price to the wholesaler. The wholesaler then ships the product to the customer.
Social Media Management
You may think social media management is an oversaturated market, but there are still plenty of opportunities to excel as a social media management business.
There are plenty of businesses that have little to no experience with social media and are looking to outsource the work. As long as you have a track record of successful social media campaigns, you can brand yourself as a social media manager.
New Business Ideas from Home: Virtual Assistant
If you want to work from home, it’s worth considering a business as a virtual assistant. As a virtual assistant, you’ll assist professionals with tasks like managing appointments, answering emails, and building itineraries. This is a successful business idea for anyone with amazing organizational skills.
Tutoring is the perfect business venture as either an offline or online business. Online businesses are especially successful because your clients can reach you from anywhere around the world. It’s important to note that tutors typically require a degree in their field of tutoring.
While an art degree can make you more credible, you don’t need one to start a successful graphic design business. As long as you have a strong portfolio, you can rope in clients. Since many businesses don’t need a full-time designer, you can easily work as a freelancing business and improve your customer retention rate.
Business Ideas for Creatives: Personal Shopper
If you’re looking for a more artistic business idea, build your reputation as a personal shopper. Personal shoppers work with clients who need help with their personal style. A personal shopper will get a good idea of the client’s wants and sizes before choosing clothing pieces best suited for the client.
New business professionals are often unsure of which mistakes to avoid when it comes to funding and money management. As a bookkeeper, you’ll help these businesses successfully compile expense reports and process payroll and invoices. If you have a background in accounting, this is one of the best new business ideas to pursue.
If you have a successful professional background, you can make it as a career mentor. As a career mentor, you can provide online classes for budding professionals. You can also offer one-on-one services to give more personalized advice to new businesses in your niche industry.
Shaping Your Idea
There are endless business opportunities available to new entrepreneurs—so many that it can feel overwhelming. However, the list of new business ideas above will give you a starting point for your next business venture!
For more articles on business and money management, check out the rest of our blog!