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Elevate your entrepreneurship

In today’s fast-paced digital world, the allure of starting an online business has never been greater. The ability to work from anywhere, cater to a global audience and enjoy the flexibility of being your own boss are just a few of the many reasons aspiring entrepreneurs are exploring online ventures. However, with so many possibilities at your fingertips, choosing the right online business idea can feel like a daunting task.

Don’t fret, we’re here to help.

In this guide, we’ve compiled a list of 25 diverse online business ideas that cater to a variety of interests and skill sets. Whether you’re a seasoned professional looking to transition into the online space, or a budding entrepreneur looking for the perfect opportunity, these ideas will inspire you to take the leap and start building your ideal online business right away.

25 online business ideas that you can start today

Here are the 25 online business ideas that we’re going to cover:

  1. Provide content editing.
  2. Launch dropshipping business.
  3. Develop an ecommerce store.
  4. Produce podcasts.
  5. Offer translation services.
  6. Construct niche websites.
  7. Revamp and update websites.
  8. Sell handmade products.
  9. Design a training program.
  10. Create a YouTube channel.
  11. Provide ghostwriting services.
  12. Do voiceover work.
  13. Stream videogames.
  14. Sell 3D-printed items.
  15. Offer social media management.
  16. Become a freelancer.
  17. Curate subscription box service.
  18. Buy and sell domain names.
  19. Provide accounting services.
  20. Offer travel planning services.
  21. Do resume writing.
  22. Become a life coach.
  23. Teach online classes.
  24. Provide technical support.
  25. Operate online community management.

Ready? Let’s go.

1. Provide content editing

With the rise of AI-generated content, the need for careful and thorough content editors continues to grow. 

  • What it involves: Content editors spruce up content, fact-check, and give content suggestions, as well as correct grammar and punctuation. They also explain writing ideas in simple terms for non-writers.
  • Skills needed: Writing, copy editing, and proofreading experience. Strong attention to detail.
  • Equipment required: A computer and reliable internet connection.
  • Possible earnings: A content editor earns an average of $26 per hour, with ranges of $21-38 per hour depending on location.

2. Launch dropshipping business

Dropshipping is a great way to get started in ecommerce without having to manage your own inventory. 

  • What it involves: Dropshippers operate an online store, selling products without holding inventory or handling the shipping process. They partner with suppliers who fulfill orders on their behalf, allowing the dropshipper to focus on marketing and customer service.
  • Skills needed: Ability to identify a profitable market segment. Create a strong marketing plan. Source reliable suppliers. Provide solid customer service.
  • Equipment required: A computer, reliable internet connection and dropshipping website.
  • Possible earnings: Depending on niche/market, dropshippers can make $1000-$3000 monthly.

Note: If you need a seamless way to accept payment online, GoDaddy Payments is a great tool.

3. Develop an ecommerce store

Person taping custom packing tape to a small box

If you’d rather sell your own products instead of dropshipping, opening your own ecommerce store would be the next logical step.

  • What it involves: Ecommerce store operators need to effectively manage their online platforms, manage product inventory, and ensure a seamless customer experience. Additionally, they must implement strategic marketing and customer service efforts to drive sales, build customer loyalty and maintain a strong online presence.
  • Skills needed: Skilled in digital marketing, including SEO, email campaigns, and social media to promote their store. Web design and development skills. Ability to conduct product research and inventory management to identify profitable items and maintain accurate stock levels.
  • Equipment required: A computer, reliable internet and an online store builder.
  • Possible earnings: Earnings for ecommerce stores vary widely, but a 10% net profit is considered to be an average profit for ecommerce stores.

4. Produce podcasts

Podcasts continue to grow in popularity and, with a relatively low barrier to entry, the possibilities are numerous. 

  • What it involves: Podcasters create and distribute episodic digital audio content, often focusing on specific topics or themes, engaging listeners through storytelling, interviews or discussions. They also manage the technical aspects of recording, editing and promoting their podcasts, building an audience and fostering a sense of community among their listeners.
  • Skills needed: Strong communication and storytelling skills. The ability to engage and connect with their audience through compelling content. Must have technical proficiency in audio recording, editing, and publishing software. Marketing skills to promote their podcast.
  • Equipment required: Quality microphone, headphones, recording software, camera (if doing video), computer, strong internet connection.
  • Possible earnings: Depending on audience and monetization, podcasters can earn anywhere from $300-5000 per episode.

5. Offer translation services

Language translation is a specialized field, but is one that can be easily performed online. 

  • What it involves: A language translator converts written text from one language to another, ensuring that the meaning, style and tone of the original content are accurately preserved.
  • Skills needed: Possess a deep understanding of the source and target languages, as well as cultural nuances. Strong grasp of grammar and syntax. The ability to accurately convey meaning and tone.
  • Equipment required: A computer and reliable internet connection.
  • Possible earnings: A language translator can expect an average of $33 per hour, with ranges of $21 to $48 per hour.

6. Construct niche websites

Multiple computers on a light-toned wood desk

Multiple computers on a light-toned wood desk

Niche websites are websites intended to cater to a small segment of a large market by focusing on a specific interest.

  • What it involves: A niche website developer designs and builds websites that target a specific audience with a shared interest in a particular subject. They create user-friendly and engaging content, ensuring the site’s layout and features effectively address the unique needs and preferences of the niche market.
  • Skills needed: Strong web development skills. Keen understanding of user experience and interface design. Deep knowledge of the targeted niche market. Ability to create engaging, audience-specific content that resonates with users.
  • Equipment required: A computer and reliable internet connection.
  • Possible earnings: Web developers earn a median salary of $77,030 in the United States, with freelance web developers typically earning twice that.

7. Revamp and update websites

The internet has been around for a long while and older web technologies are rapidly becoming outdated. Offering web redesign services is a valuable online business idea.

  • What it involves: This job is similar to the previous listing, but someone providing website update services will need to assess the current site’s layout, user interface and overall design to identify areas that require improvement or modernization. They will then create and implement a refreshed design that adheres to the latest web design trends and meets the specific goals and objectives of the website owner or business.
  • Skills needed: Strong web development skills. Keen understanding of modern user experience and interface design. Ability to combine modern web design standards with the needs of the website owner. Detailed knowledge of how to bring old content up to current standards.
  • Equipment required: A computer and reliable internet connection.
  • Possible earnings: Earnings will vary widely based on skill level and the amount of work needed, but website update work is typically billed hourly at a rate of $18-25 per hour.

Note: Need a logo for an updated website? GoDaddy’s free logo maker has you covered.

8. Sell handmade products

If arts and crafts are your strong suit, then selling your crafts online can be a good way to bring in some extra money.

  • What it involves: A crafter creates handmade items, such as jewelry, clothing, home decor, or artwork, by utilizing their artistic skills and various materials. They earn a living by selling these unique products through various channels, such as online shops and craft fairs.
  • Skills needed: Strong digital marketing skills, including photography, search engine optimization (SEO) and social media management. Quality customer service. Skills either with web design or familiarity with marketplace platforms like Etsy, Amazon or Instagram Shopping.
  • Equipment required: A computer, reliable internet connection, POS system (if also selling via craft fairs) and crafting materials specific to their specialty.
  • Possible earnings: Earnings will vary widely by the type of craft being sold. Etsy sellers, for example, earn a median of $537 per month, but individual experiences will differ.

9. Design a training program

Online skills training courses remain a strong demand and, if you have extensive knowledge on a topic, you can turn that knowledge into an online business.

  • What it involves: Virtual trainers design and deliver educational content through digital platforms, typically in a video or audio format. Typically done via a static online course that users pay to access, but can also be live.
  • Skills needed: Strong communication skills to effectively train viewers on complex topics in an understandable way. Proficiency in using various online training tools and technologies. Excellent time management and organizational skills to plan lessons and create relevant training courses.
  • Equipment required: A computer and a reliable internet connection, as well as access to a digital learning platform, such as Udemy or Skillshare.
  • Possible earnings: What you can earn will vary based on how you choose to distribute your online classes, but online trainers can earn an average of $51,544 per year.

10. Create a YouTube channel

Person hiding their face behind a clapperboard

Person hiding their face behind a clapperboard

YouTube is a popular video-sharing platform that allows users to upload, view, rate, share and comment on a wide variety of user-generated content, ranging from entertainment and educational videos to music and live streams.

  • What it involves: A YouTube creator produces, edits and uploads video content on the YouTube platform, often focusing on specific topics, interests or niches. YouTubers aim to grow their subscriber base, increase views and potentially earn revenue through ads, sponsorships or merchandising.
  • Skills needed: Strong storytelling and communication skills to create engaging, relatable content that resonates with their target audience. Solid video editing and production skills. Keen understanding of social media and digital marketing strategies to promote their channel and grow their viewership.
  • Equipment required: Quality video camera, studio lighting, microphone, editing software, a computer and a strong internet connection.
  • Possible earnings: The average YouTube pay in 2022 was about $1,154 per week or $4,616 monthly. Creators earn about 55% of the revenue on their channels. For every $100 an advertiser pays, Google pays $55 to the creator.

11. Provide ghostwriting services

Self-publishing is exploding in popularity and, along with it, the demand for skilled ghostwriters has grown as well.

  • What it involves: Ghostwriters create written content (articles, books, speeches, etc.) on behalf of another person, often without receiving public credit for their work. They collaborate closely with clients to ensure the final product reflects the desired tone and message.
  • Skills needed: Impeccable writing skills, strong grammar, punctuation, and storytelling abilities. Ability to adapt to different writing styles and tones to accurately convey the client’s voice. Excellent research skills.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Ghostwriters sometimes charge by the word or by service, but typically can expect between $35-$140 per hour.

12. Do voiceover work

For those with strong acting backgrounds, voiceover work and voice acting continues to be a solid work option. 

  • What it involves: Voiceover artists provide the spoken narration or character voices for various media projects, such as commercials, films, video games, and animations. They use their vocal talents and acting skills to convey emotions and personality to a script.
  • Skills needed: Exceptional vocal control and versatility to alter pitch, tone and accent. Strong acting skills. Good enunciation. Ability to interpret scripts and take direction.
  • Equipment required: Quality microphone, headphones, recording software, camera (if doing video), computer, strong internet connection.
  • Possible earnings: Earnings will vary based on the format and skill, most voice actors can expect to earn within the range of $13,500-87,499 per year.

13. Stream video games

Pile of audio equipment in a room lit by blue LED lights

Pile of audio equipment in a room lit by blue LED lights

Streaming video games started as a niche form of entertainment but continues to grow in popularity, especially around esports competitions and noteworthy personalities. 

  • What it involves: Video game streamers broadcast themselves playing video games live on platforms like Twitch or YouTube Gaming, providing entertainment and commentary to their viewers. They engage with their audience through chat interactions and often monetize their content through donations, subscriptions, sponsorships and advertising revenue.
  • Skills needed: Strong communication and entertainment skills, enabling them to captivate and engage their audience through commentary, humor, and personality. Solid understanding of the streaming platforms. Technical expertise for troubleshooting issues. Social media savvy to promote their channel and build a loyal community.
  • Equipment required: Quality microphone, headphones, streaming software, camera, a computer able to handle simultaneous gaming and streaming, and a strong internet connection.
  • Possible earnings: Video game streaming has a wide variance in earnings, with smaller streamers earning $50 and $1500 per month and medium to large channels earning $3000-6000 per month.

14. Sell 3D-printed items

3D printers are becoming increasingly accessible to the public, allowing owners to create custom 3-dimensional products. 

  • What it involves: A 3D printer crafter designs and creates unique objects, such as figurines, sculptures, or functional items, using 3D modeling software and a 3D printer. They may sell their creations online or at craft fairs, or provide custom 3D printing services to clients seeking personalized designs and products.
  • Skills needed: Proficiency in 3D modeling software to design and prepare digital files for printing. Thorough understanding of 3D printer operation, maintenance, and materials. Strong entrepreneurial skills, including marketing and customer service.
  • Equipment required: Quality 3D printer, 3D modeling software, print materials, POS system (if selling at trade shows) and a computer.
  • Possible earnings: Similar to handcrafted goods, the earnings will vary widely for 3D printer designers and crafters. Given the time required to both design and print the items, most crafters will charge hourly, from $10-50 per hour.

15. Offer social media management

Social media is a must for businesses these days, but managing a business across multiple platforms is extremely time-consuming. And so, the demand for social media management continues to grow. 

  • What it involves: A social media manager is responsible for creating, curating and managing content across various social media platforms to enhance a brand’s online presence and engage with its audience. They also analyze performance metrics and develop strategies based on those metrics to increase engagement for the brand.
  • Skills needed: Strong communication and writing skills to create compelling content that resonates with the target audience. Deep understanding of each social media platform’s algorithms and best practices. Highly organized, creative and analytical, with the ability to multitask and adapt to the ever-changing digital landscape.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: The average salary for a social media manager is $70,287.

Note: Interested in creating videos for social media? GoDaddy’s online video editor can help you out.

16. Become a freelancer

If you’re more of a generalist, jack-of-all-trades type of person, then general freelancing can be a diverse and interesting option. 

  • What it involves: A general freelancer offers their expertise and skills in various fields such as writing, graphic design, web development, or marketing on a project-based or contractual basis, allowing them to work with multiple clients simultaneously.
  • Skills needed: Excellent time management and organizational skills to handle multiple projects and meet deadlines. Exceptional communication abilities to build rapport with clients and understand their requirements. Self-motivated, adaptable and continuously focused on developing their expertise in their specific field to stay competitive and relevant in the ever-evolving market.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Due to the variance in work needed, the earnings will vary, but freelancers generally make an average of $30-40 per hour.

17. Curate subscription box service

Subscription box services have flourished in recent years and are increasingly expanding their reach into more niche markets. 

  • What it involves: Creating a subscription box service involves carefully curating and sourcing unique, high-quality products tailored to a specific niche, and designing an appealing and functional packaging that reflects your brand identity. Additionally, you would need to develop a robust marketing strategy, manage inventory and logistics, establish pricing and billing structures, and provide excellent customer service to maintain subscriber satisfaction and retention.
  • Skills needed: Project management and organizational skills to oversee product quality and sourcing. Creative and strategic thinking abilities to curate appealing boxes. Excellent customer service and relationship-building skills to foster loyalty and ensure subscriber satisfaction.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Subscription boxes tend to generate a gross profit of between 40% and 60% due to the low cost of goods and recurring renewals.

Note: Your subscription box service will need a website. Create a website using GoDaddy’s Website Builder.

18. Buy and sell domain names

If you’re unfamiliar with this particular field, domain investing, also known as domain flipping or domain trading, is the practice of buying domain names to hold onto them or improve their value and later selling them at a profit. 

  • What it involves: A domain investor strategically identifies and registers potentially valuable domain names, anticipating future demand for these web addresses based on trends, keywords or industry relevance. They then hold onto or improve the domains and eventually sell them at a higher price to interested parties, generating profit from the increased value of the domain names.
  • Skills needed: Superb analytical skills to identify valuable and potentially profitable domain names. Excellent negotiation and marketing abilities to sell or lease those domains at the best possible price. Deep understanding of market trends and consumer behavior within the digital landscape to make informed decisions and maximize their investment returns.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: New domain investors typically start small, earning around $100-$2000 per month.

19. Provide accounting services

Two people reviewing a notebook and laptop on a long table

Two people reviewing a notebook and laptop on a long table

Are you an accountant by trade and want to be your own boss? Freelance accounting would be a great fit. 

  • What it involves: A freelance accountant provides professional accounting services to clients on an individual or contractual basis, without being tied to a single employer or company. Their responsibilities may include financial reporting, tax preparation, bookkeeping and financial analysis, allowing businesses and individuals to maintain accurate financial records and make informed financial decisions.
  • Skills needed: Exemplary analytical and organizational skills to accurately maintain and analyze financial records. Understanding of accounting principles, tax regulations and financial management. Excellent communication and interpersonal skills to effectively convey financial information and advice to clients, and adapt to the varying needs of different businesses and industries. CPA license will also likely be required.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Freelance accountants tend to make around $35 per hour.

20. Offer travel planning services

Travel is booming in 2023 and more travel planners are a necessity. If you’re a seasoned traveler, why not offer travel planning services?

  • What it involves: Travel planners, also known as travel agents or travel consultants, assist clients in planning, organizing, and booking various aspects of their trips, including transportation, accommodations and activities. They leverage their expertise in the travel industry and destination knowledge to create personalized itineraries, provide travel advice and ensure a seamless and enjoyable travel experience for their clients.
  • Skills needed: Organizational and multitasking skills to manage multiple clients and bookings simultaneously. Strong attention to detail to ensure all trip components are arranged accurately and efficiently. Exceptional interpersonal and communication skills to build rapport with clients, understand their travel preferences and effectively convey relevant information and recommendations.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Freelance travel planners typically make an average of $62,439 per year.

21. Do resume writing

As the economy continues to shift through this year, resume review services are in high demand and are likely to stay that way for a long while.

  • What it involves: A freelance resume writer specializes in crafting, editing and optimizing resumes for clients to effectively showcase their skills and achievements in a compelling manner. They work closely with clients to understand their career goals, tailor their resumes for specific industries or job opportunities, and provide guidance on best practices for resume writing and formatting to increase the likelihood of securing job interviews.
  • Skills needed: Strong writing and editing skills to accurately and creatively present a client’s professional background. Deep understanding of current recruitment trends and hiring practices to ensure the resume aligns with industry expectations. Excellent communication and interpersonal skills to effectively collaborate with clients, gather relevant information and provide constructive feedback throughout the resume development process.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Most resume writers charge a flat rate per resume, with the average currently being about $200.

22. Become a life coach

If your strength is motivating others, the coaching field is in-demand and likely a perfect match for your skills.

  • What it involves: A life coach is a professional who helps individuals identify their personal and professional goals, overcome obstacles and develop strategies to improve various aspects of their lives. Through guidance and support, life coaches assist clients in building self-awareness, fostering personal growth and achieving desired outcomes in areas such as relationships, career, health and overall well-being.
  • Skills needed: Active listening and communication skills to understand their clients’ needs, challenges and aspirations, while providing thoughtful feedback and guidance. Excellent interpersonal and empathetic abilities to establish trust and foster a supportive environment.
  • Equipment required: A computer, a web camera for remote sessions and a reliable internet connection.
  • Possible earnings: Coaches currently earn a median income of $60,510 per year.

Note: It’s a good idea to keep your personal and professional phone numbers separate to accommodate clients. Get a second phone number to use for your coaching business to separate it from your personal one.

23. Teach online classes

A mug resting next to a laptop with the screen full of Zoom thumbnails

A mug resting next to a laptop with the screen full of Zoom thumbnails

Teachers and skilled tutors are always in demand, so if you have a passion for helping others learn, consider teaching live courses online. 

  • What it involves: An online teacher delivers educational instruction and support to students through virtual platforms, utilizing digital tools and resources to facilitate learning and engagement. They create lesson plans, assess student progress, provide feedback and adapt their teaching methods to accommodate different learning styles and needs in a remote setting.
  • Skills needed: Strong communication and presentation skills to effectively convey information and concepts through digital mediums. Ability to utilize technology and online teaching tools to enhance the learning experience. Excellent time management, organization, and adaptability skills to meet the unique challenges and demands of virtual education.
  • Equipment required: A computer, a web camera for remote sessions and a reliable internet connection.
  • Possible earnings: Teachers typically make $48,033 per year.

24. Provide technical support

As long as technology continues to grow and develop, there will be a need for technical support. 

  • What it involves: Freelance technical support professionals provide remote assistance and troubleshooting services for clients experiencing issues with their hardware, software or network systems. They diagnose and resolve technical problems, offer guidance on best practices and may also assist in system maintenance, updates, and configurations to ensure optimal performance and user satisfaction.
  • Skills needed: Advanced problem-solving and analytical skills to efficiently diagnose and resolve a wide range of technical issues, as well as in-depth knowledge of various hardware, software and network systems. Strong communication and customer service skills to effectively interact with clients, explain complex technical concepts in layman’s terms and provide clear guidance and support.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: The pay will vary on the specialty and technical skill level, but freelance technical support engineers are paid an average annual salary of $99,686.

If you’re outgoing and enjoy listening to multiple points of view on topics, then a community manager role could be for you. 

  • What it involves: An online community manager is responsible for overseeing, engaging with, and growing an online community on behalf of a brand, organization or client. Their duties typically include creating and curating content, moderating discussions, responding to community members’ questions and concerns, monitoring community sentiment and implementing strategies to foster a positive and active community environment, all while working remotely.
  • Skills needed: Excellent communication and interpersonal skills to effectively engage with diverse community members, address their concerns and foster a sense of belonging within the community. Organizational skills and a keen understanding of social media platforms, analytics and content creation to strategically manage and grow the online community in alignment with the brand or organization’s goals.
  • Equipment required: A computer and a reliable internet connection.
  • Possible earnings: Depending on the company size and skills required, the earnings can vary, but the US average salary is $60,172.

Tips for starting an online business

Starting an online business can be both an exhilarating and challenging endeavor. If you’re interested in getting started, here are some quick tips to get you rolling:

  • Choose a business idea based on passion and knowledge
  • Identify a niche with gaps in the marketplace
  • Conduct market research and competitive analysis
  • Familiarize yourself with relevant laws and regulations
  • Obtain a federal employer identification number (FEIN)
  • Decide on a suitable legal structure
  • Insure your business
  • Select appropriate software for your business venture
  • Develop a comprehensive marketing strategy

By following these steps, you will be well on your way to establishing a thriving online business.

Conclusion

As this list of online business ideas shows, 2023 offers a wealth of opportunities for aspiring entrepreneurs to establish successful online businesses. There’s something for everyone, with a wide range of professional interests and skill sets.

By identifying the right niche, honing the necessary skills and leveraging the power of the internet, you too can build a thriving online business and enjoy the flexibility and freedom that come with it.

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32 small business ideas for 2023, easy to start on a low budget https://smallbiz.com/32-small-business-ideas-for-2023-easy-to-start-on-a-low-budget/ Mon, 20 Mar 2023 21:39:52 +0000 https://smallbiz.com/?p=95319
Big dreams, small investment

Are you considering a dive into the exciting world of small business in 2023, but feeling a little overwhelmed by where to start? Never fear, we’ve got you covered. In this guide, we’ll take you through 32 easy-to-start small business ideas that won’t break the bank. These budget-friendly options will help you turn your passions and skills into a money-making adventure, giving you the chance to be your own boss and grow your ventures.

32 small business ideas for 2023

Let’s get started and explore some fantastic low-budget business ideas to make 2023 your most successful year yet.

Best small business ideas

We’ve gathered a list of the best small business ideas to help spark some inspiration, so let’s take a closer look at each idea below.

1. Freelance writer

Small business ideas woman writing at desk

Passionate about writing? Turn it into a profitable web-writing business, even with minimal experience.

Begin by identifying your niche, such as writing emails for SaaS companies, blog posts for supplement brands, or copywriting for fitness professionals. Then, pitch your services to potential clients or explore freelancer platforms like Upwork, Freelancer or Fiverr.

These platforms offer a range of writing gigs, from blog posts and website copy to resumes and press releases, allowing you to build your business and gain experience.

2. Social media manager

Many of us use social media daily, but did you know you can build a business managing and growing accounts for brands? Social media managers are in high demand, with their importance only set to increase, according to Sprout Social.

If you’ve successfully managed your own accounts, you have a head start; otherwise, numerous educational resources can help you develop the necessary skills to excel in this growing field.

3. Graphic designer

If you’ve always had a love for design, or spend your off hours toying around with Photoshop and Illustrator, then you can build a business around these design skills.

There are several different niches you can tap into with your graphic design skills. For example, you can find work in markets like:

  • Book cover design
  • Front-end web design
  • Logo design
  • UX design for mobile and web apps

There are nearly endless arrays of niches open for those with the right skill set. And, if you need an attractive website to display your portfolio, GoDaddy’s Website Builder is the perfect place to start.

4. Web developer

If you have a knack for web design or you’ve always wanted to learn how to build sites, then you can build a viable business.

Your first step is learning how to code, and building up your skills and portfolio. Once you feel confident in your abilities, it’s time to start getting clients. You can start pitching clients on platforms like Upwork or start building relationships with businesses directly.

To increase your chances of success, it’s always a good idea to find a niche for your services. For example, do you build websites for real estate agents and property managers? Are you focusing on a local market? Or, maybe you build sites for startup ecommerce companies? Whichever niche you choose, it’s a good idea to register a domain that clearly states your specialty.

5. Digital marketing

Digital marketing is a pretty broad category and can cover virtually any online marketing task. But, as more and more companies jump online to stake their claim, you can build a business by helping these companies succeed.

Once again, deciding upon a niche will help to increase your chances of success.

Here’s a quick look at the types of skills you can build an online business around:

  • SEO and SEM
  • Content marketing
  • Email marketing
  • Building websites
  • Google Business Profile page creation

You can either build up a roster of local clients or serve clients virtually across the globe.

6. Ecommerce store owner

Woman working on an ecommerce website on her laptop while testing on her phone

Ecommerce stores have experienced a surge in popularity in recent years, providing a promising avenue for those interested in selling physical products rather than digital services.

In the world of ecommerce, there are two primary approaches to consider. First, you can create and sell your own unique, handmade products. This allows you to fully control the product that you’re delivering, ultimately offering a much more authentic experience to customers.

Alternatively, you can opt for a more cost-effective strategy by sourcing inexpensive goods from other countries and reselling them at a profit. This method, often referred to as dropshipping, enables you to capitalize on popular trends without the hassle of inventory management.

Regardless of the approach you choose, the key to success lies in identifying a profitable niche and offering products that resonate with your target audience. And when you’re ready to create an online store, GoDaddy has you covered.

7. Sell online courses

Chances are, you have some existing knowledge you can package up and sell as an online course. The online education industry is projected to grow to $325 billion by 2025. There’s enough room to make a name for yourself in this space.

You can package up your knowledge and sell it in a ton of different ways. You can integrate your course into an existing blog, sell courses from your social media profile pages, and even use one of many education platforms like Udemy or Skillshare.

The online world is so big. There’s room for even the most niche of information.

8. Self-publish Kindle books

If you’ve been dreaming about making a living as an author, this reality may be closer than you think. As a self-published author, you can make up to a 70% royalty on your books.

The prevalence of self-publishing has brought down the walls between you and your career as an author. The ease of publishing means there’s more competition, but by writing a book that satisfies reader expectations, you can still make a name for yourself.

Spend some time figuring out the genre you’re going to write in. Then, write the best book possible, and build an email list of readers to whom you can sell books in the future.

9. Etsy store owner

Do you love crafting and regularly create Pinterest-worthy crafts, art and other goods? If so, you might be sitting on an Etsy goldmine. Spend some time exploring Etsy to see if there’s a market for what you produce, then make sure you can keep costs low enough to turn a profit.

If you can satisfy these two conditions, then you have a solid chance of running a successful Etsy business.

If you can move enough of your products on Etsy, you always have the option of moving to a full-fledged ecommerce store as well.

10. Online consignment store owner

Thrift stores and consignment shops are more popular than ever. If you have a talent for putting outfits together and finding stylish clothing, then this unique business idea could be the business for you.

Consignment shops can work well as an online businesses too. So, you don’t have to worry about a building lease or employees.

Plus, there are sites like Poshmark and Mercari that allow you to create a virtual closet to sell your clothing and goods.

11. Sell stock photos/videos

If you’re passionate about photography or videography, you can transform it into a profitable business. Simply create and upload content that aligns with current trends and market demands.

Some stock photo sites include iStockPhoto and Shutterstock. If you prefer to go the video route, you can upload your stock videos to sites like Pond5, VideoBlocks or VideoHive.

To build a long-term business, it can be helpful to create a niche for yourself on these sites, either through your unique style or the topics you capture.

12. Event/wedding planner

A wedding party holding red balloons, watching the bride and groom as they release white balloons into the air

The stress of event planning isn’t for everyone. But, some people thrive under this pressure. If you love planning and coordinating events, hiring caterers, booking talent, and managing staff, then this could be the right home-based business idea for you.

As an event planner, you can either focus on a specific style of event, like weddings or conventions, or you can serve your local area by tackling the variety of events that’ll come up.

Event planning is largely a word-of-mouth space, but with a quality online presence, you can make success that much more likely.

13. Electronics repair shop

Are you skilled at repairing your own devices and electronics? If so, you can turn this talent into a business by offering repair services to others. With modern electronics being relatively fragile, many people require assistance with issues like cracked screens and dead batteries.

You can choose to specialize in repairing a specific type of electronic device, such as the latest iPhone, or become a generalist who caters to a broader range of devices.

14.  Landscaping

Do you have a knack for outdoor design? Would you rather be outside than sitting at a desk? If so, combining your interests into a landscaping business could be the perfect fit for you. As a landscaper, you’ll have the opportunity to leverage your interests to create visually appealing outdoor spaces.

By starting a landscaping business, you can tap into this growing market and capitalize on the demand for quality outdoor design and maintenance services. Not only will you be providing a valuable service to clients, but you’ll also get to work in beautiful outdoor settings, combining your love for nature with your creative skills to bring stunning landscapes to life.

Note: Need an easy solution to collect payment from your clients on the go? GoDaddy offers multiple POS systems to help you out.

15. House painting

Two people painting the walls of a house

Starting a painting business is an attractive option for aspiring small business owners due to its low startup and overhead costs, as well as the ongoing high demand for specialized skills.

Unlike other trades, painters don’t require extensive education or certification, allowing for quick onboarding of employees or self-employment. Additionally, working to develop specialized painting techniques can increase your earning potential, especially with the popularity of home renovation shows and historical property restoration.

16. Auto detailing

Auto detailing businesses are an in-demand field of work with a low cost of entry. This business type offers flexibility in scheduling as well, allowing you to choose your working hours and whether or not to work on weekends. You would also have the freedom to set your rates based on what you believe is fair compensation for your time and skills.

17. House cleaning

Launching a house cleaning business is another budget-friendly business option. The demand for cleaning services is consistently high, ensuring a steady flow of income for your business. As long as people live in houses, those houses will need to be cleaned. By offering a comprehensive range of general cleaning services, you’ll be well-positioned to cater to a diverse clientele and capitalize on an evergreen business segment.

18. Snowplowing

Snowfall is a fact of life in many parts of the US, and winter and early spring usually come with a generous helping of snow.

If you’ve got a truck or SUV, all you need to do is grab a reliable plow to hook up to the front. You can score some sweet deals on used plow blades from other landscapers or by checking out online marketplaces. The trick is to advertise your services before the snow hits, so think about using Google Ads, social media, or even good old-fashioned postcards with special offers for new clients.

19. Yard cleaning

If you enjoy being outside and getting your hands dirty, a yard cleaning business is a perfect fit. It’s a great way to stay active and enjoy the fresh air while you work. A yard cleaning business is also scalable. You can start as a solo operation and expand your business over time by hiring employees or subcontracting work to other professionals.

Additionally, starting a yard cleaning business is an excellent starting point for those wanting to eventually get into landscaping as a career.

20. Interior decorating

For those with a flair for design and a passion for transforming spaces, this career path can be incredibly fulfilling and creative. You’ll have the opportunity to help clients realize their dream homes or workspaces while showcasing your unique style and expertise.

The demand for interior decorators is on the rise as people increasingly seek professional help to create well-designed, functional and beautiful spaces. This means there’s potential for a steady stream of clients and income. And, as your business grows, you can expand your services, network with other professionals in the industry, and even establish your own brand.

Small businesses you can start from home

Are you looking for a business that you can run solely from your home? Let’s take a look at a few ideas for those wanting to stick closer to their house.

1. Music teacher

Person playing a bass guitar

As a child, you probably took your fair share of piano or guitar lessons. Now, if you have the musical skills, you can pass on this same love of music to the next generation.

If you have the right setup at your home, you can teach lessons right from there, either in-person or virtually. A work-from-home music teaching career offers the opportunity to make a meaningful impact on students’ lives, foster a love for music, and enjoy a flexible, fulfilling career.

2. Personal chef/caterer

As a personal chef, you can have a pretty broad customer base — anyone who loves to eat who has the budget for your services.

To be a success, you not only need to be a master of the kitchen, but also be up-to-date on the latest food handling and health regulations.

You might only have one client for whom you prepare meals or multiple families. Be ready to adapt to various kitchen setups or invest in your own portable kitchen utensils.

If you want to scale up your cooking even further, you can start to cater events. To produce this volume of food, you may need to rent out a commercial cooking space and bring on additional staff. But, the fee you can make per gig can be much higher.

3. Run an Airbnb

There’s a lot that goes into managing a successful property via Airbnb. But, if you’re serious about renting out your home, or even just a room, then you have the chance to build a decent side income.

Depending on how desirable your property is, and the reality of your local rental market, you may be able to offset your entire rent or mortgage just by renting out your place on the weekends.

Easy to start business ideas

If you’re looking for the easiest businesses to start, we’ve got several suggestions to get you going.

1. Data entry

Data entry might not seem like the most exciting job. But the fact that you can work from home, or a beachside bungalow, might help to make it a more appealing home business idea.

Plus, the skills required to get your business off the ground are minimal. All that’s needed is the willingness to learn how to input information into your clients’ desired software program.

This kind of business might not be as lucrative as others on this list, but it won’t require as much attention either. So, feel free to listen to a podcast or put on Netflix while you work.

2. Sell baked goods

Person kneading bread dough on a floured surface

If you’re a talented baker, you can create a business selling baked goods to local businesses. Most coffee shops and cafes don’t make their own baked goods in-house. Instead, they outsource this to others with the proper skills.

You can specialize in a certain type of pastry, like gluten-free or vegan baked goods, or instead opt to cast a wide net and bake every kind of pastry under the sun.

3. Join a freelancer site

There are many massive freelance platforms that you can take advantage of by selling your freelance skills.

For example, you can join Fiverr, Guru, Freelancer and Upwork, to name a few.

To build a sustainable business on the back of these platforms, you’ll need to create a niche for yourself. For example, do you do SEO for large content sites? Are you a graphic designer who does startup web design? Or, are you a writer who specializes in small business personal finance?

These platforms are a quick path toward a reliable income. As your experience and reputation grow, you can expand beyond these platforms and diversify your client base.

Side-hustle business ideas

Not sure if you’re ready to fully commit to a new small business? Here are a few suggestions of some side business ideas for those who might be curious, but not ready to make the leap.

1. Blogger

Creating a blog gives you a multitude of opportunities to create an excellent side business or even full-time income. There are tons of success stories floating around online about bloggers earning crazy profits online.

It will take a lot of work to get to this level as a blogger, but with the right strategy, you have a solid chance of building a business.

A blog in and of itself won’t make you any money. But there are many different ways you can monetize your site once it’s picking up traffic, such as:

  • Selling affiliate products
  • Paid advertising
  • Selling online courses and ebooks

2. Photographer

Are you talented with your camera? There are a number of different photography-based businesses you can build from home.

For example, you could specialize in wedding photography, portraits, product photography for ecommerce, studio photography, drone photography, events, real estate photography and more.

3. Pet sitter/dog walker

A fluffy corgi sitting on a ledge in front of an orange background

If you have a deep love for animals, then it’s hard to imagine a better job. You spend your days watching and playing with pets while their owners are away. Or, walking a group of dogs down to your favorite park for the afternoon.

Most pet owners care for their pets as if they were their children, so attention to detail and a high degree of trustworthiness are essential qualities to possess.

Typically, dogs and cats will be the most common animals. But, you may have to take care of fish, birds, rabbits and other animals on occasion.

Small business ideas on a low budget

For those with skills and a need for a low-cost business to start, we’ve got a few suggestions to help you out.

1. Fitness instructor

If fitness is your passion, you can create a business sharing this with others.

There are multiple paths to success as a fitness instructor. You can make house calls, create group fitness events in your local park, work out of a gym or have clients come to you (if you have the space and equipment).

Social media marketing tools like Instagram can be very effective in helping you build your brand, whether you’re operating your fitness business out of a gym or offering personal consulting.

Beyond physical fitness you can also consider adding meal planning and diet consultations as an additional service to help your clients meet their fitness goals.

2. Online tutor/teacher

If you have a penchant for teaching, you can start a business teaching or tutoring online. It’s more of a contractor role than a traditional business, but the work is consistent, and the need for competent teachers is high.

You can explore virtual teaching roles on sites like VerbalPlanet and Learn4Good.

If you prefer to take the tutoring approach, you can build a sustainable tutoring business teaching kids about your favorite topics. For this approach, you can find solid leads on your local Craigslist page or on sites like Tutor.com.

3. Virtual assistant

If you love planning and organization, then a virtual assistant business might be right up your alley. As a virtual assistant, there are a ton of different tasks that’ll fill up your workday.

It might range from bookkeeping and responding to emails, scheduling meetings, posting to social media, or doing general data entry. A lot of online businesses and solopreneurs are turning to VAs to handle daily tasks they don’t have time to themselves.

If this sounds like the right home business idea for you, you can explore gigs on sites like Upwork or Remote.co, or learn more here about this field.

Conclusion

The possibilities for starting a small business in 2023 are vast, with plenty of budget-friendly and easy-to-start options available. Whether you’re interested in offering specialized services like web development or graphic design, selling unique products through an ecommerce store, or sharing your passion and expertise as a music teacher or fitness instructor, there’s a small business idea out there for you.

By exploring these recommendations, you can find the perfect opportunity to turn your skills and passions into a thriving venture. Don’t let the fear of starting a business hold you back — take the plunge and make 2023 your most successful year yet.

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Top 5 Small Businesses to Start This 2023 https://smallbiz.com/top-5-small-businesses-to-start-this-2023/ Wed, 08 Mar 2023 12:41:10 +0000 https://smallbiz.com/?p=93234 If you are looking to be really successful in your work or career, you will never really achieve that amount of success by being an employee, where you are beholden to someone else for your work and your finances. While there may be some risks, starting your own small business can be life-changing and may just be the jump you need to take control of your life and career.

If you’re looking for a new business to start, here are five small businesses that could be profitable in 2023.

Roofing business owner

What is a Small Business?

Before you start your new business, it’s important to understand what a small business is. A small business is any type of company that has fewer than 100 employees and less than $5 million in sales. This includes sole proprietorships and partnerships, as well as corporations with fewer than 100 stockholders (or shareholders).

A small business also must be incorporated or organized under state law and meet certain minimum requirements for size–that means it must have at least one employee who makes at least $5,000 per year or has an ownership stake of 50% or more in their corporation (if they are a single person).

If you want to learn more, you may continue reading on why you should start a small business or check out the top 5 small businesses we recommend you check out and maybe even start.

1. Dryer Vent Cleaning

Dryer vent cleaning is a service that can be provided by small businesses, and there are many different ways you can go about it. The best way to start your own dryer vent cleaning business is to find an established company that already offers this service in your area, or consider joining one that does.

If you decide on starting your own venture, keep these tips in mind:

  • Know what kind of equipment and supplies are needed for the job; this will help ensure customers get their money’s worth when using your services!
  • Make sure all workers follow safety rules at all times; accidents happen fast when working around electricity!

2. Plumbing Repair

Plumbing repairs are a great business for someone with a background in the trade. If you have skills and experience that can help people save money on their plumbing bills, this is a perfect way to start your own company.

If you’re looking for an easy way to make money, then plumbing repairs could be just what you need! There’s no need for expensive equipment or complicated procedures; all that’s required is some basic knowledge of how things work under the sink (or outside).

Plumbing repair jobs are typically low-paying jobs due to their simplicity, but they allow people who don’t have any experience in this field yet to access opportunities without having to invest too much upfront capital into starting up something new like opening a restaurant or storefront shop, where they would need more initial funds before seeing profits come back through sales revenue generated during the opening period (which usually lasts around six months).

3. Window Tinting

Window tinting is a great way to earn money. It’s easy to start, and it doesn’t require much investment at all. You can get started with a small investment, sell window tinting services to people who need it, and learn how to do it yourself with training or online videos.

Window tints are an excellent way for you to earn an income while staying home during work hours or even just watching TV in the evening after work! You don’t need any fancy equipment or skills; just some privacy film on your windows will give your business plenty of potential customers!

4. Commercial Roofing

Commercial roofing is a growing industry. The market for commercial roofing services was estimated at $35 billion in 2016, and that figure is expected to grow by 26% annually through 2023.

Commercial roofs are important to building owners because they provide protection against water damage, prevent leaks from occurring during storms or heavy rain (if the roof has been properly installed), and help maintain your property’s appearance. However, installing a new commercial roof can be expensive–upwards of $15 per square foot (or $1 million per acre). Plus, you have to factor in all the other costs associated with having one installed: labor costs; materials such as asphalt shingles or metal panels; structural engineering calculations required by state agencies if there are issues with the existing structure’s integrity; etcetera!

5. General Contractor Services

A general contractor is a person who specializes in the construction and renovation of buildings. They may also be involved with other aspects of the construction industry, including planning and design.

General contractors often work on their own or as part of a team, but they can be hired by larger companies as well. The majority of general contractors work on commercial projects such as office buildings, hotels, and restaurants. In addition to these types of projects, there are many other types that require skilled workers: schools, hospitals/physicians’ offices (like doctors’ offices), retail stores (like grocery stores), office buildings; even stadiums and arenas!

There are many benefits associated with being a general contractor, such as:

  1. You get paid for completing projects faster than if you were working independently;
  2. You have more control over what happens during construction;
  3. You get paid even when no work has been completed yet because most contracts will include payment upon completion;
  4. It’s easier than ever before because technology has made things easier than ever before, which means less stress during stressful times;
  5. It’s fun!

Busy contractor

There are Many Ways to Start a New Business

There are many ways to start a new business. You can do it from home, part-time, or with a partner or friend. You can also do it alone or with family members (in some cases).

There are many different ways that you could start your own business at this time in history. Whatever path you choose will depend on what kind of company you want to create and how much capital is available for investment in this venture.

Conclusion

You’ve decided it’s time to start your own business. You may be starting a new venture, or perhaps you’re expanding upon an existing idea. Whatever the case may be, there are many ways to start a new company.

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