After the start of the COVID-19 pandemic, many businesses have adapted to work from home practices. Entrepreneurship is on the rise, and people are choosing to start small businesses online. If you plan to start a business, setting up dedicated office spaces and hiring employees can get expensive. To know if your idea is worth a great business in the future, launch it on a smaller scale and later scale-up. In this article, find some of the top upcoming business ideas and if they are a good fit for you.
Did you know?
In the year 2020, there was a 20% layoff rate in the sectors like IT, travel, hotel administration.
A-List of Top 12 Small Business Ideas
1. Online Dating Consultant
Do you think you are a relationship expert, or do you love matchmaking? This can be your ticket to success, then! As an online dating consultant, your job will be to coach couples about exploring and discovering love and give advice that even Tinder can't! We're not kidding! Some singles want to know how to up their game and are willing to pay good money for solid advice. If you're looking for new business ideas, online dating consultancy should be at the top of that list.
2. Freelance Web Developer
Every business needs a website for a better customer experience. Freelance web designers have a huge demand because of their level of expertise. You can give your clients a different kind of personalisation by combining web development with your favourite niche. For example, maybe you're good at graphic design and can charge a premium for designing websites with captivating visuals. Market yourself to non-technical clients who don't know much about web development and help them achieve their digital goals. You'll land good gigs in no time. If you are open to working for freelance websites, there are many platforms you can sign up on. However, it's always recommended to launch your website as a business idea and work on it. It's much easier to attract high-ticket clients that way.
3. Personal Trainer
If you are a fitness enthusiast, becoming a personal trainer is a lucrative and smart career move. Many clients want to get in shape and need help with proper nutrition. You can create personalised meal plans, give tips and tricks, and invite customers to join workout events. You can start an Instagram feed for your fitness brand as a small business and slowly scale it up. As your business grows in popularity, you'll be getting chances to network with other fitness influencers too.
4. Freelance Artist
Graphic designing is one of the top creative fields for a freelance artist. Brands are always looking for artists who can design digital graphics that resonate with their brand. If you are a skilled creative, you can monetise this opportunity. Start an Instagram profile and post your artwork there. Showcase your paintings, sketches and caricatures. You can mention your prices on the story highlights and ask people to DM you for commissions.
You can also kickstart your small business art brand by signing up on platforms like Patreon and Etsy. These platforms offer creative artists a chance to interact with clients, make money and not lose their earnings to high commission fees. You get to keep what you make from royalties too.
5. Freelance Writer
Starting a copywriting business will be your best bet if you want to make big money. Journalism and content marketing are other popular segments. You want to focus on getting customer testimonials and submitting a solid portfolio. Content marketing agencies always need freelance writers, and you can set up your own freelance writing business online. A freelance writer is one of the best new small business ideas on our growing list.
6. Translation Services
You're in luck if you love language and literature and speak multiple languages. The is translation services. Many international clients are constantly looking to translate their written works. You can offer translation services such as audio, written text or offer to do medical and financial translations. You can specialise in different genres as the global translation community is open to talented newcomers.
7. Video Editing
Video editing is an excellent business to start because production companies hire freelance video editors regularly. Your reels and videos will make your small business stand out, so make sure you have a variety of work to showcase. If you have a YouTube channel or a DeviantArt account, you can post your creations on those platforms. You can also create a website and post all your work there. Don't forget to mention your email and contact information so that interested clients can get in touch.
8. Home Inspection
Home inspectors are tasked with checking homes and reviewing their conditions right before a buy-in or sale. These services provide a thorough inspection of various facilities, and experts have to prepare a detailed report. A home inspection service can be started as a small business from home, but eventually, you have to scale up. Be sure to check the state requirements for all the certifications needed before starting this.
9. Freelance Photography Services
Photographers are in great demand all the time in different industry verticals. You can specialise in product photography, wedding photoshoots and various creative segments. The key requirement is you have a good portfolio and spread the word about your services. Some creators use platforms like Fiverr or Upwork to start their new business and later launch a website once clients give enough testimonials. You can charge clients per photograph or set pricing quotes for bulk projects. If you're lucky, you may even get invited to travel worldwide and work on cool project ideas! It depends on your creativity, and there are no limits. Some small business owners choose to start documentary photography as a side hustle.
10. App Development
App development is a growing segment and for a good reason. Smartphones are used every day by users, and they download a variety of apps. From games, ebooks, Android software, Vtubing, virtual reality apps, etc. Users are constantly looking for the best options on Google Play Store or IOS. There are call recording and screen lock apps too. The best way to get started is to choose a niche you like and narrow it down. If you specialise in gaming, look at the top-performing Android games genres, and make apps around that. The same applies to the other categories.
11. Transcription Services
Voice recognition technology is not perfect, and there is an ongoing demand for transcription services. If you are good at listening to audio and transcribing the text, you can start a small business around it. You can charge less when starting out, but you can ask for more as you acquire the proper certifications. Medical transcription services cost about ₹0.49 on average per transcription line, with the lowest rate being ₹0.21. It takes around 24 hours to deliver the work, and you can accept as many requests from clients as you want. Just make sure you take on volumes you can handle and not go overboard.
12. Professional Cleaning Services
Cleaning services charge clients anywhere between ₹1900 to ₹3800 an hour and have minimal overhead expenses. You can market your cleaning services to homeowners, offices, and large scale enterprises. It's one of the best new small business ideas, and it doesn't take a huge investment to get started.
Once you get your small business idea set up, you can refer it to your friends and neighbours. Word of mouth is important, but spend time on your digital marketing strategy. Most small businesses are launched online these days, and some of them don't even have an offline store. It is easy to start your business idea from home, and all it takes is just a few clicks.
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