Starting your own business can seem like a daunting task, but with so many options to choose from, it’s not always clear where to begin. Do you pursue an online business or a brick-and-mortar store? What products or services will make you the most money? Don’t get overwhelmed! Here are 5 profitable business ideas for starting that will help you gain traction right away and earn money in the near future.
1) Build an online course
Do you have a hobby or interest that could turn into an online course? Maybe you’re an expert in cooking, interior decorating, or makeup. Think about what people would want to learn from you. Do some research on what courses are already out there and how you can make yours different. Once your course is developed, look into self-publishing it so that you can control the pricing and get paid royalties every time someone buys your course. Once the course is live, start marketing it! Share it on social media and with friends and family so that they know about your work. Offer free previews of the content to entice people to sign up for the full class.
2) Start selling handmade items
One of the most rewarding and inexpensive ways to make money is by selling handmade items. It can good business ideas. With just a few simple supplies, you can create something that’s totally unique and sell it on your own website or at craft fairs. Doing this requires relatively low start-up costs, no employees, and you have complete control over the time you spend working.
The idea is to create something that will appeal to a niche group of people who are interested in buying handcrafted items because they want to support small businesses, purchase eco-friendly goods or connect with the maker on an emotional level. For example, if you love sewing clothes, making jewellery or crocheting blankets then these are all great things you could make and sell online or at local events like farmers’ markets.
3) Start an affiliate marketing business
Affiliate marketing, another one of the business ideas, is one of the best ways to earn money as a beginner entrepreneur. It doesn’t require any startup costs, and all you need to do is get traffic to your website. The best part about affiliate marketing is that you can promote just about anything! You can make money promoting physical products, digital products, or even other affiliate marketers’ offers. You just sign up with one of the many affiliate networks, select an offer from their list, put together a promotional page (you don’t have to create the page yourself), and then drive traffic to it. If people buy the product on your promotion page after clicking through from your site, you’ll receive a commission on every sale made.
4) Garbage Removal Service
Garbage removal is a service in constant demand in almost every city, town, and even rural area. The service can be very labour-intensive, but it is also one of the most lucrative services you can offer. If you have trucks and the manpower to do it, this could be the perfect opportunity for you to start your own garbage removal company!
5) Marquee Rental Service
Marquee Rental Service is an event rental service which provides tents, tables, chairs and other equipment needed to host events. At the moment, they work with clients in Cork, Ireland and the surrounding area but hope to expand their services in the future. Marquee Rental Service offers packages for both small and large events. Packages are priced according to the type of event as well as how many days of coverage are desired. For example, if you’re hosting a wedding reception that only needs 2 days of coverage then your cost would be $1100. If you want 5 days of coverage your cost would be $2195. All packages come with setup and breakdown included!