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Best Small Business Ideas You Can Start In 2023
Contrary to popular belief, there are plenty of ways to start a business that allow you to focus less on equipment and upfront costs and more on getting your ideas out there. Let’s overcome the first big mental block of “I want to start a business but I have no ideas”.
These 26 small business ideas are a great entry point for beginners, cobblers, or anyone with a busy schedule, allowing you to take the business aside without having to give up everything else.
To help you get started, we’ve compiled a list of over 100 business ideas you need, divided into categories like fitness, apparel, and games.
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Whatever your type of business, you’ll need a good domain name (use our free domain name generator) paired with a well-represented logo.
Buy inventory, store it, retrieve it, load it, ship it. Inventory management is an important task when running a business.
Dropshipping is a simple and inexpensive idea for starting a business and the first of our best business ideas. Dropshipping is a form of fulfillment where a third-party service provider stores and ships inventory to customers on your behalf. It is one of the best businesses to start because it is inexpensive, scalable, and flexible.
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You don’t need to handle a product yourself – just close the sale and place the order with your supplier. In fact, it’s one of the fastest and cheapest businesses to start.
You can organize products from one or more vendors in your online store under a theme that focuses on a specific niche, such as equipment for yoga enthusiasts or water bowls for dog owners. When a customer purchases a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for your own marketing and customer service.
There are national and international suppliers that you can work with, as long as you can establish a relationship with them based on trust. An unreliable supplier will have a bad image of your brand.
Dropshipping is a great way to test products in the market and start a business before investing in your original products. Be sure to always order samples to ensure that your supplier is reliable and the quality of the product is suitable for sale to your customers.
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Another walk-in print-on-demand model places inventory, shipping, and fulfillment in the hands of a third-party service provider. But unlike the drop-down business idea, the goal here is to customize the product with your own designs to create something original.
T-shirts, hats, phone cases, hats, skirts, tote bags and more become the canvas for your creativity. You can think of catchy slogans or developer references that resonate with cat owners. If there is passion and pride within the community, there is a potential t-shirt business you can start.
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Even if you’re not a designer, you can find someone to work with using freelance sites like Fiverr, Upwork, Dribbble, or 99Designs.
With most print-on-demand services, you pay per item, so the base price per unit will be higher than if you were ordering in bulk. But the benefit is that if a particular t-shirt design isn’t selling, you haven’t paid for the item yet (just the design, if you’ve outsourced it).
You can even use mockup templates so you don’t have to spend extra money to snap a perfect image for every new design.
There are a variety of print-on-demand platforms you can work with, many of which can be integrated with your store for seamless order fulfillment. However, be sure to always order a sample of your product (often offered at a discount) to ensure your custom products look great.
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A book is just another type of product when you think about it. Therefore, you can create one to meet a particular market need.
Cookbooks, picture books, comics, poetry, picture books, coffee table books and novels – if you have the skills or the creativity, there are a variety of original books you can bring to market. The options are endless, which is why this is one of the best small business startup ideas.
On-demand publishing is a relatively safe way to test the waters and start self-publishing. It also lets you control the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering, and distributing your books as physical and digital products. You can also sell it on third-party marketplaces like Amazon or Powell’s.
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Although you can order one book at a time, the cost goes down when you buy in bulk. Consider pre-selling or funding your book idea to ensure there’s demand and guarantee a certain number of sales so you can order in bulk with confidence.
Starting your own book can be a great way to monetize a blog if you have or are looking to start a book.
Digital products such as music, courses, podcasts, and templates are unique to this list of low-investment small business ideas. Unlike others, they are invisible. There are no recurring shipping costs to worry about, so your margins can stay high, making this another no-brainer for one of the best businesses to start.
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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The answers range from actual instrumental beats, to stock images that can be licensed to other creators, to information products and templates that help people improve their skills in a particular area.
If you have a talent that can be turned into a digital product, consider turning it into a new source of income.
Has a free digital download software that allows you to offer digital products in your store as easily as physical products.
If you have an artistic bent or know how to use a camera, you can trademark a product using a business model that allows others to own some of your work. Just make sure you have the rights to the content you want to post or are using public domain assets that you can monetize for free.
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If you already have an engaged online audience, say you’re a cartoonist or urban photographer, you’re in a good position to try this small business idea.
Depending on the printer you work with, you can turn your work into products such as posters or framed wall hangings, or even greeting cards. There are plenty of low-cost digital templates and copy generators like Placeit that you can use to showcase your products without having to print out each item and take your own photos.
In our free 40-minute video workshop, we’ll walk you from product idea to creating an online store to getting your first print-on-demand offer.
Committing to supporting the business and setting aside profits for a cause gives social entrepreneurs a unique way to market their business while tackling the issues that matter most to them.
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While many social enterprises offer their own products, you can also take any cheap small business idea and partner with a nonprofit or implement that social benefit with your own hands, as long as you are clear about this. That works.
As part of your marketing, you can share the impact your customers are getting by supporting your business, such as a blog post highlighting your work in the community or a real-time impact calculator on your website.
TheGive & Grow app makes it easy to partner with charities and embed your mission into your business. You can set it up to donate a specific amount or percentage of sales, or ask your customers to add a donation at checkout.
Outsourcing is not only, but it can definitely be a cost-effective way to do self-employment. With a service-based small business mindset, “time” is your inventory and your biggest investment. You only have a few hours in your day. However, it makes it easier to get started if you have the necessary skills.
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Writers, graphic designers, virtual assistants, SEO specialists, cleaning service providers, dog walkers, real estate professionals, etc. can start businesses based on their skills. You can provide these