Small Business Ideas Nz – Tired of sitting in the bathroom – or standing in the shower – waiting for that brilliant internet business idea? You know you want to do something different, become your own boss or better balance work and family life. But you just need a little inspiration. Grab a towel and read on.
A recent survey of small online businesses showed that these are the most common retail categories worldwide and in New Zealand.
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Maybe you have a hobby or passion project that you can monetize online. Do you have photography skills? Create an online gallery of your work, sell cards or calendars or other items with your images. Do you like to knit? Make sweaters for poodles; no, really, there is a market for it.
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If you’re not the crafty, creative or hands-on type, make some other product that you’re happy to sell. You can work with manufacturers to customize existing products or even design something from scratch. Contract manufacturers can make a small batch of product for a reasonable cost, making your online small business idea a reality easier than you thought.
You can also take the more traditional retail model and buy products from others to resell. But turn it around. If you are selling the same product as many other people, do something to differentiate yourself. You can create a great brand for your store or increase your marketing to become the first stop for certain types of customers.
If your online business idea is less practical, you can try dropshipping. Customers place orders in your store and you pass that order on to the supplier for shipping. There is no inventory and less logistics to manage. Drop shipping is really for people whose skills lie more on the marketing side of business.
No matter how good your online business idea is, chances are you won’t market or beat the prices of the big retailers. However, you can take a marketing fee away from them if your individual story stands out.
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E-commerce consultant Marc McKeown of FortBrave recommends finding something unique about your brand and shouting about it.
“Put all your own history into your product and brand it however you can,” he says. “Customers will gravitate to you because of your authentic story, even if they have to pay a little more.”
“And carry this over to your packaging and shipping. Differentiate from the corporate experience. Package products well and put a personal touch. Amazon can’t compete with that.”
Don’t be afraid to do something hyper-specific or even weird. Don’t just sell locally – something that might not fly in your town could take off online.
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McKeown says online shopping habits have given new life to new and unusual business ideas. “Niche shopping has been made possible by the Internet. It’s much easier to find extraordinary products online than to go around town, so that’s what people do.”
Can you turn existing experience or parts of your current job that you really enjoy doing into an online business? Maybe you are a brilliant manager; Consider becoming a virtual assistant. If you are a teacher, turn it into online tutorials.
As with a traditional service firm, it is common to settle with one or two founding clients and grow from there.
Olivia Park moved her personal training business online this way. She was a traditional face-to-face trainer in Taiwan, but accepted to work hands-on with her clients after moving to South Korea. At the same time, the health and wellness content he distributed on social channels grew in popularity. She was soon able to market online group programs that helped Olivia Park Coaching serve more clients.
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“It has allowed me to create more products with different levels of service. Some people are happy to do the online courses on their own. Others ask for customized routines. And others want one-on-one time. But the result is that I am able to offer twice as much of service online than I could when limited to personal training.
Like any service business, word of mouth is one of the keys to the success of an online business idea. Michael Yared says referrals drive most of the new business at his all-online application agency, Echobind.
“We got a referral client and built from there. It was tough the first few years because we never knew if the projects would keep coming. But we keep asking for referrals and it’s still our biggest source of new work.”
Online programs and software automate tasks for individuals or businesses. They can end up in the hands of millions of users, which means lots of potential income.
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There are actually dozens of categories of consumer apps within the major app stores. On the business side, the accounting software integrates with more than 1,000 business applications that do everything from tracking overdue gym bills to figuring out which cows are the most productive on a farm.
The thing is, there’s a lot going on in the app world, so marketing needs to be a key part of your plan. We asked app development agency, Echobind, for more tips, which you can find in the guide to making money with an app.
You probably won’t make a fortune, but you might get some advertising revenue or maybe even a YouTube video sponsorship. There are particular types of YouTube content that attract a lot of subscribers and ultimately make money, often through sponsorships: games and hands-on demos are some of them. But it’s a crowded market, so maybe don’t quit your day job just yet.
Podcasts or blogs are other forms of content that can earn some income through subscriptions, advertising, or affiliate marketing. Affiliate marketing is when an online merchant pays a content creator a commission for traffic or sales generated by their referrals.
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Successful and profitable content ideas rely heavily on great marketing, a compelling concept or niche, and often a great personality to attract an audience.
With today’s technology, there is no reason why you can’t realize your online business idea from your living room, spare room, garage or garden shed. And you don’t have to limit yourself to your home. Imagine being able to manage your business from anywhere in the world. See the pyramids in the morning, sell some products or services online in the afternoon.
Are you in the mood? Dry from the shower? get dressed It’s time to think, research and plan to refine your online business idea.
Does not provide accounting, tax, business or legal advice. This guide is provided for informational purposes only. You should consult your own professional advisors for advice directly related to your business or before acting in relation to any of the content provided. In the corporate world we hear a lot about entrepreneurs and companies needing to be “global from day one”. . Investors and business commentators bemoan our lack of big global companies and say the ‘three B’ (bach, ‘Beemer’ and boat) mentality of Kiwi business owners is holding us back. In this sense, small businesses are often seen as a symbol of a lack of progress, rather than a symbol of success: the unfortunate by-products of large companies that “should be”.
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Our stock market, they say, is underdeveloped because of this (although I would argue that our lack of venture capital is partly due to our preference for investing in property rather than entrepreneurs) and that New Zealand is a small, owner-occupied nation of companies that are content to build small businesses.
But while it’s true that New Zealand needs more globally successful brands that bring us mountains of foreign cash, there are some very real reasons why we need to put more emphasis on valuing and supporting our small businesses and small business owners.
While we often hear statistics that claim that New Zealand is a nation of small businesses, such as 97% of New Zealand businesses having fewer than 20 employees (which is the current definition of a small business in New Zealand and Australia), this Those numbers are not the reason why small businesses are important in themselves. It’s like saying that men are important to people because almost half of the world is made up of men.
If you’re one of the 2.5 million people who would rather not live in Auckland, Christchurch or Wellington, you can only do so because small business owners are willing to take the risk to bring you the goods and services you need. As I witness here in Wanaka (population around 11,000) regularly, starting businesses in smaller towns is risky! It is a delicate balance between population and competition. Population growth brings new competitors into the market and just one new competitor could eliminate you.
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Likewise, the loss of just one other employer could be enough to put your clients and you out of a job. We have seen in the past what happens to cities built around a large employer when they are let go.
While large companies tend to make targets more tempting for internationals
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