Top 20 Small Business Ideas – With so many business ideas in 2023, it can be hard to figure out which ones are worth pursuing.
Jumping on a new trend can sometimes be risky, but it can also be extremely rewarding. You may notice that many of the ideas on this list have grown in popularity recently. Others have been around longer, making them more competitive but less risky. However, all of the small business ideas below will help you make money.
Top 20 Small Business Ideas
If you’re asking yourself what business to start, this list is for you. According to small business statistics, the biggest motivator for starting your own business is being your own boss. Owning a business gives you the freedom to work when, where or how you want
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Want to work on the beach or at grandma’s house? Go ahead and no one will stop you or question you. It’s the dream life that many people hope to someday live, and thanks to some great business ideas, it’s within reach.
Do you want to sell products online but don’t have the money to buy and store inventory? Consider dropshipping! Dropshipping is an e-commerce business model where you don’t have to deal with any physical products.
All you need to do is set up an online store and work with suppliers who are ready to store, pack and ship orders for your customers. No need to spend hours researching products because you can use dropshipping apps like Automizely to find great products to sell.
Check out this dropshipping course from Shopify to learn more about selling online with no inventory. If you’re looking for simple online business ideas to follow, it’s hard to find anything better than dropshipping. It’s one of the easiest businesses to start if you have access to the right tools and resources.
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One of the biggest reasons people are often attracted to dropshipping is that you don’t have to keep inventory. But if keeping in stock isn’t an issue (maybe there’s plenty of room in that extra closet), you might consider buying products wholesale.
Online marketplaces like Handshake enable small business owners to find unique, high-quality products and build lasting relationships with suppliers. If you already know what you’re selling, it’s worth checking out as a dropshipping supplement.
Print on demand (POD) is when you sell your own custom designs on items like phone cases, mugs, and t-shirts without actually printing the artwork. Instead, you work with a supplier who will have your design printed on the product—they’ll even pack and ship the item to your customer, so you don’t have to worry about logistics. Plus, you only pay when the product sells. No sales equals no cost.
One of the quickest ways to get started is to create a Shopify store and install a POD app such as Printify. When it comes to marketing, working with Instagram influencers to promote your POD items is an effective way to reach your audience. To assess whether print-on-demand is right for you, watch our video of a healthy debate with Wholesale Ted, a print-on-demand company.
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Multilingual talent will always be in short supply, so if you speak two or more languages, consider starting a small business where you can capitalize on those skills.
You can find clients on Upwork and Flexjobs and slowly build your portfolio. As you successfully work with more companies, you can hire more translators fluent in other languages to help you get the job done. Marketing your business on social media sites is also a great idea as it can help you reach a larger audience.
Only a few hours a day? Translation is one of the best side hustles because it allows you to schedule your clients based on when you are free to work.
Website flipping is one of those new business ideas that gets everyone excited, from work-at-home parents to recent grads. It involves buying an already running website, improving its design and content, and then selling it for a profit.
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There are several places where you can buy and sell websites for profit. For example, Shopify’s marketplace Exchange allows you to buy an eCommerce website that can be further developed with content marketing, SEO, and other techniques. Once your website starts earning more than your acquisition income, you can list it on the marketplace for sale.
If you have a knack for cooking and see it as a creative outlet, you can earn a decent income by opening a home-based catering business.
The initial investment depends on how large you wish to set up. For example, if you start with a small event that you can manage yourself, you will be able to start your business at a lower cost.
Most home-based caterers set up a website, experiment with local food markets, or join platforms that allow culinary experts to squeeze some profit out of their culinary skills.
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Keeping up with a furry friend can be difficult, especially a high-energy breed with limited outdoor access. As a professional dog walker, you’ll help community pet owners keep their dogs happy, healthy and well-exercised.
Dog walking does not require any initial investment other than marketing and business liability insurance. This will protect you in the event of an accident, bite or unexpected situation. It’s a good idea to charge a price that reflects your insurance costs, averaging $30 to $60 an hour.
You can build your dog walking business on several platforms including Wag! , rovers, and care.com. Offer promotions to new customers and build your reputation by asking customers you’ve worked with in the past to leave a review.
One of the most successful business ideas is to provide virtual assistant services. From large corporations to the self-employed, everyone needs help with day-to-day business management. You can use your excellent organizational skills to lighten their load.
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Of course, you will be paid for the time and effort you put into answering emails, scheduling meetings, and performing other administrative duties.
You can land your first few clients by responding to listings on platforms like FreeUp, PeoplePerHour, or Virtual Assistant Jobs. It’s a business model that works because people are always looking for skilled virtual assistants.
Are you constantly being complimented for your eye for fashion trends? Are you the one friends and family come to for styling advice? Personal shopping can become a business built on these skills.
Personal shoppers find clothing for clients who don’t have time to shop for themselves. Responsibilities include evaluating clients’ apparel, visiting websites and selecting items that are right for them. Various online clothing boutiques have a wide range of products, so you don’t need to shop offline to start this business.
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Plus, you don’t need to hold any special certificates or degrees to become a personal shopper. If you’re interested in a low-investment business idea, a private purchase might be the ideal avenue to consider.
Contrary to popular belief, it’s entirely possible to build a car with full-time business details. The average auto detailing profit per vehicle is between $50 and $400, which means you can make a decent profit if you find a steady clientele.
The key to success in your auto detailing business is marketing. You need to promote your services through your website or social media platforms and encourage regular reviews. Try offering discounts or package deals to new clients who commit to multiple sessions.
All you need to get started are cleaning supplies and a driveway. You might consider getting certified through the IDA or taking craft workshops to improve your skills.
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If you are an expert in art, math or any other subject, you can start an online tutoring business. A basic prerequisite is a bachelor’s degree in the subject you wish to teach.
You can find online tutoring clients on sites like Skooli and Tutor.com. For best results, always teach topics that are relevant to your area of expertise, as you will be able to share your expertise and constructive knowledge with your students to enhance their own. You can teach and interact with your students over Zoom, making online tutoring one of the easiest online businesses you can start.
Greeting cards are always in fashion, so if you have a keen eye for design, or just want to showcase your work on a physical item, this is one of the best creative business ideas for you.
Before you start looking for clients, you need to have some designs ready. Tools like Photoshop and Canva make it easy to create custom card designs. Also, you’ll want to stock up on the supplies you need to make your cards (ink, paper, etc.).
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Pro tip: If you want to keep costs down, consider buying your supplies wholesale. Once you have inventory, you can start making money marketing your business
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