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Great Ideas For Small Business
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Good Small Business Ideas For Aspiring Entrepreneurs
Contrary to popular belief, there are actually many ways you can focus less on logistics and upfront costs and more on launching your idea. Take you through the first major psychological barrier of “want to start a business but have no idea”.
These 26 small business ideas are a great entry point for beginners, entrepreneurs, or anyone with a busy schedule, allowing you to put your business on the back burner without giving up everything else.
To help you get inspired to get started, we’ve compiled a list of over 100 top business ideas organized into categories like fitness, apparel, and gaming.
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No matter what type of business you are, you need a good domain name (use our free domain name generator) as well as a great brand name and representative logo.
Buy stocks, store them, collect them, pack them, ship them. Inventory management is a daunting task when you run a business.
Dropshipping is an easy, low-cost business idea and the first of our good business ideas. Dropshipping is a fulfillment model in which third-party suppliers store inventory and ship it to customers on your behalf. It’s one of the best to start a business because of its low overhead, simplicity, and scalability.
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You don’t need to handle any products yourself – you just make the sale and transfer the order to your supplier. In fact, it’s one of the fastest and cheapest businesses to start.
You can choose products from one or more of the online store’s suppliers based on a theme that focuses on a particular niche, such as equipment for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who will fulfill the order on your behalf. However, you are still responsible for marketing and customer service.
You can work with both local and foreign suppliers as long as you can develop a trust-based relationship with them – unreliable suppliers can have a bad effect on your brand.
Dropshipping is a great way to test product market fit and build a business before investing in the original product. Just make sure you always order samples for yourself to make sure your supplier is reliable and the product is of the right quality to sell to your customers.
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Another direct selling model, print-on-demand, leaves inventory, shipping, and fulfillment to third-party suppliers. But unlike the dropshipping business ideas above, the goal here is to create something original by customizing the product with your own designs.
T-shirts, hats, phone cases, hoodies, skirts, bags and more become the canvas for your creativity. You can think of witty developer catchphrases or references that resonate with cat owners—if there’s passion and pride in the community, you can start a potential t-shirt business.
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Even if you’re not a designer, you can use freelance sites like Fiverr, Upwork, Dribbble, or 99Designs to find designers to work with.
With many print-on-demand services, you pay per product, so the base price per item will be more expensive than bulk orders. But the good thing is that if a certain t-shirt design doesn’t sell, you haven’t actually paid for the item (you’d only pay for the design if you’d outsourced).
You can even use t-shirt mockup templates so you don’t have to spend extra money for full photoshoots for each new design.
There are a variety of print-on-demand platforms at your disposal, many of which can integrate with your store for seamless order fulfillment. However, make sure you always order product samples (often available at a discounted price) to ensure your custom product looks great.
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If you think about it, a book is just another type of product. Therefore, you can create one to meet the specific needs of the market.
Cookbooks, picture books, comics, poetry books, photo books, coffee table books and fiction – if you have the knowledge or creativity, there are all kinds of original titles to bring to market. The options are endless, which is why it’s one of the best small business ideas.
Print on demand is a relatively safe way to test the waters and get started with self-publishing. It also gives you control over the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing books for physical and digital products. You can also sell on third-party marketplaces like Amazon or Powell’s.
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While you can order one book at a time, the cost will naturally decrease when buying in bulk. Consider preselling or crowdfunding your book idea to ensure demand and secure a certain number of sales so you can order in bulk with confidence.
If you have your own book or plan to start writing your own, publishing your own book can be a great way to monetize your blog.
Digital products like music, courses, podcasts, and templates are unique on this list of low-investment small business ideas. Unlike others, they are not tangible. There are no recurring production or shipping costs to worry about, so your profit margins can stay high, making being one of the best startups another no-brainer.
The trick is knowing what makes a good digital product. What’s so useful that people are willing to pay to download it?
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Answers range from raw instrumental beats to stock photos that can be licensed to other creators, to information products and templates that help people improve skills in specific areas.
If you have talent that you can turn into a digital product, consider packaging it as a new revenue stream.
There’s a free Digital Downloads app that makes offering digital products as easy as offering physical products in your store.
If you’re artistically inclined or familiar with a camera, you can use a print-on-demand business model for dropshipping to allow other people to actually own your work. Just make sure you own the rights to what you want to print, or use public domain assets that you can monetize freely.
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If you already have a large online following (assuming you’re a cartoonist or urban photographer), you’re in an especially good position to try out this little business idea.
Depending on the printer you use, you can turn your creations into products such as posters or framed wall art, or even greeting cards. There are many low-cost digital mockups and mockup generators, such as Placeit, that you can use to showcase your products without having to print each item and do your own photo shoot.
In our free 40-minute video workshops, we’ll take you from product ideation to building an online store to making your first print-on-demand sale.
With a mission to drive business growth and set aside profits for a cause, social entrepreneurs offer a unique way to position their companies in the marketplace by solving the issues that matter most to them.
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While many social businesses offer their own original products, you can also take any of the low-cost small business ideas above and partner with a nonprofit or run the social good yourself, as long as you are transparent about how it works.
As part of your marketing, you can share the impact your customers are having by supporting your business, such as a blog post about your work in the community or a real-time impact calculator on your website.
The Give & Grow app makes it easy to partner with charities and integrate your mission into your business. You can set it up to donate a specific amount or a percentage of your sales, or ask your customers to add a donation during checkout.
Providing services is not passive, but it can certainly be a lucrative way of gaining self-employment. When it comes to service-based small business ideas, “time” is your inventory and greatest investment. You have limited hours in your day. However, if you have the required skills, it will make it easier for you to get started.
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Writers, graphic designers, virtual assistants, SEO professionals, cleaning service providers, dog walkers, real estate professionals and more can build a business around their skills. you can provide these