26 Great Business Ideas to Start in 2023
This list of great business ideas offers inspiration to entrepreneurs looking for their next big business idea. Blogsom
Whether you've already started a business or want to start your first one, these fantastic business ideas offer opportunities for entrepreneurs looking to start something new.
- The best small business concepts frequently use an online business model.
- Create a thorough business plan for a venture you are knowledgeable and passionate about.
- Find out if there is a market for the good or service you want to offer before starting a business.
- Anyone looking for motivation to launch a business should read this article.
26 great small business ideas
You can start your entrepreneurial journey with the help of this list of 26 excellent business concepts. Keep in mind that many of the suggestions below can be implemented with just a credit card processing partner, allowing you to keep startup costs to a minimum.
Continue reading for some ideas on the various business ventures that could help you succeed.
1. Internet resale
Start an online reseller business if you're interested in both sales and clothing. You can start your business as a side hustle and grow it into a full-time resale business, but it will require time, commitment, and a keen eye for fashion. You could start by selling your unwanted clothes and other items on online storefronts like Poshmark and Mercari, then develop your own resale website.
Think about looking for hidden treasures at flea markets and estate sales and then listing them online to sell for a profit. If you're diligent and look in the right places, you might be able to gather a sizable inventory of good-condition items for very little overhead.
2. Animal care
Seventy per cent of American families own a pet. Your pet-sitting small business can provide these families with reassurance when they are away for an extended period of time. You will keep an eye on the dogs, cats, or other pets of your clients while they are away. You'll need to play with them, feed them, give them water, and (if they have dogs) walk them as needed as part of your job. You must frequently inform clients of the progress of their pets if you want to maintain their satisfaction.
Pet sitting might be a particularly good small-business idea if you already have sources of income that only require a laptop and an internet connection. You can operate two income streams at once because almost all pet owners will be happy to let you work on your laptop while you visit their homes with their animals.
3. printing on t-shirts
Starting a T-shirt printing company might be fun if you have a sense of humour or fashion. Additionally, you can screenprint designs that you have obtained a licence for onto plain t-shirts. In either case, it's simple to get the equipment you need to get started if you have space for a T-shirt printing setup.
4. Housekeeping services
If you enjoy cleaning, you could probably make money doing it. You are able to provide cleaning services to individuals, apartment buildings, and commercial properties with a small staff, a variety of cleaning supplies, and transportation. The average hourly rate for cleaning services is $25 to $50. Cleaning services are simple businesses with minimal overhead; all you need is planning, commitment, and marketing to draw clients.
If you want to set yourself apart from other cleaning services, think about charging more for premium services like exterior power washing or floor waxing. These services might make the difference between your new cleaning service and established businesses that have too many customers to offer that calibre of cleaning.
5. Online instruction
The demand for online education has opened up possibilities for entrepreneurs. Since this is an online venture, you can choose any subject you know about and teach a course regardless of location. If you don’t have advanced knowledge in any particular subject, consider teaching English as a foreign language online to students overseas.
6. Online accounting
Technology has made it possible to perform many bookkeeping tasks online, just like in education. Take advantage of contemporary technology to launch your own online bookkeeping service if you are an accountant or bookkeeper who desires the liberty and independence of operating your own business.
Consulting can be a successful career choice if you are knowledgeable and enthusiastic about a particular subject (such as business, social media, marketing, human resources, leadership, or communication). You can launch a consulting firm on your own, grow it over time, and eventually bring on additional consultants.
8. A healthcare messenger service
Consider starting your own courier service, preferably a medical courier service, if you have a dependable vehicle and strong time management abilities. Transporting medical supplies like lab specimens, prescription drugs, and equipment would fall under your purview as a driver. Starting a courier business on your own or with the help of other drivers are both options.
9. App Development
Consider a career in app development if you have knowledge and experience in technology. The fact that many Americans carry smartphones around with them every day has increased demand for mobile apps. Similar to how virtual reality software has gained popularity recently, there is a demand for virtual reality app development.
10. A service for transcription
A transcription service would enable you to work from home with a flexible schedule if you have a good ear and can type quickly. With the proliferation of voice recognition technology for healthcare provider dictation, medical transcription services are increasingly necessary.
You can choose how many or how few transcription jobs you want to accept. This flexibility can be especially useful if you don't want to start right away or if you want to keep your day job for the time being. Consider becoming a certified transcriptionist and specialising in a few areas to improve your business prospects and allow you to charge more.
The typical line rate for medical transcriptionists is 6 to 14 cents, which adds up quickly. Keep track of the jobs you accept because transcription work typically requires a 24-hour turnaround time. But because you can initially only accept a small number of requests, you can scale up when you're ready. The startup and overhead costs are extremely low, which is the best part. Only a computer, the necessary software, and a secure messaging service are required.
11. Expert organisation
Looking for a business venture that will truly make you happy? Professional organisers, like Marie Kondo, make a living by assisting clients with minimization and decluttering. Many people are frantically trying to downsize and regain control of their possessions in this age of materialism. Although minimalism is becoming increasingly popular, many people find it difficult to part with items they've had for a while. Helping clients create a system for downsizing is part of what it means to be a professional organiser.
If you enjoy creating functional and comfortable spaces and are extremely organised, you might be effective at teaching others how to do the same. People will pay you to advise them on how to reduce their possessions and keep their space organised. For marketing purposes, request permission from your clients to take before-and-after pictures of the spaces in their homes that you have organised. If so, you can use them to build a portfolio that you can share on social media to draw in more customers.
12. Independent content or copywriting
You can make a name for yourself as a freelance copywriter or content writer if you have a knack for language and some understanding of marketing. There are many businesses that will pay you to write blogs, web content, or press releases. Your value will increase if you can assist clients in developing a strategy around particular keywords that their target audience is already using in online searches.
The best thing about running a freelance copywriting business is that you can work from anywhere as long as you have access to the internet. You can run this business from the convenience of your home or even from a moving vehicle if you like to travel. You could even turn freelance writing into a full-time career if you build a sizable network and receive referrals from pleased customers.
13. Services for home care
Supporting seniors who are housebound and require in-home care can be greatly aided by someone with experience in care and hospitality. Additionally, there will be an increase in demand for this service. The population of people aged 85 and over is anticipated to triple between 2020 and 2060, going from 6.7 million to 19 million, according to the Population Reference Bureau. There are now nearly 600,000 centenarians (people over 100) in the world. Many people will require care and support, frequently in their own homes.
Fortunately, you don't need experience in the medical field to help seniors and build a prosperous business at the same time, though those skills will also be in demand. Many senior citizens require assistance with a variety of tasks, including house repairs and errands. After gaining some expertise, you might think about expanding your company to assist seniors in moving from their homes to assisted living facilities by providing services like packing, transporting, arranging, or storing their furniture and belongings.
14. The use of a translator
IBISWorld's research indicates that the translation services sector experienced a decline in 2020, as did many other sectors. Nevertheless, IBISWorld predicts that the sector will experience a "major uptick" over the following five years. This predicted growth is understandable given how easily accessible English-speaking markets are to entrepreneurs in other nations thanks to the internet.
Due to this development, multilingual speakers now have the opportunity to provide specialised services like document translation and website information translation for use in other markets. If you speak several languages well, you might be able to carve out a niche for yourself in the translation services sector.
15. Digital marketing
Every day that goes by, the importance of the internet increases, but it also gets harder for businesses to effectively market themselves online because of the online clutter. Services for digital marketing are always in demand. Nevertheless, a lot of small and midsize businesses would rather outsource them than build an expensive in-house team. If you're skilled in SEO, content marketing, PPC, web development, or social media management, you might be able to take advantage of a business opportunity that gives you the flexibility to work from home.
Given the significance of digital marketing to any brand, you must react to changes in your clients' marketing plans. Social media management entails more than just scheduling posts with a set-it-and-forget-it attitude; it also involves continuously monitoring for comments and messages. Digital marketing might be the ideal career choice for you if you enjoy carefully planning and executing marketing strategies. Another type of digital marketing you might think about is becoming an affiliate marketer.
16. Owning a food truck
There are many different types of food trucks that serve a variety of snacks and cuisines. Bring your preferred cuisine with you so you can sell it to hungry customers on the go. Yes, you will be working, but you will be doing so in a field that you are passionate about, giving you the opportunity to meet others who share your interests.
Though starting a food truck may seem like a crazy idea, the industry is expanding. In addition to having the added benefit of mobility, a truck has significantly lower overhead and maintenance costs than a restaurant. [View our suggestions for the best POS systems for your food truck.]
17. Providing lawn care
It's likely that your parents made you take care of the lawn if you were raised with one. While many people find lawn care annoying, some people find it to be calming and tranquillizing. Although so many people find the work tedious, working outside with your hands to tame and beautify the natural landscape can be a rewarding experience as well as financially rewarding.
Depending on the number of clients you have and the size of the jobs, all you really need to provide lawn care services is some basic equipment, a trailer, and possibly some staff. By providing top-notch services and developing a reputation as a company that completes tasks thoroughly and with a smile, you can expand a small lawn care business into a complete landscaping business. This may be the right line of work for you if you enjoy working outside and designing beautiful landscapes.
18. Participant driving
Using your car to become a rideshare driver is an option if starting your own business seems difficult or risky enough. You are free to work as much or as little as you like because the rideshare service is responsible for all business expenses and management. The ability to start a side business that pays well and only requires the willingness to drive people to their destinations and engage in the occasional friendly conversation is made possible by rideshare applications like Uber and Lyft.
The independence of a small business owner without the demanding workload of running the back-end logistics is what rideshare drivers enjoy. If any of the other business ideas seem to require too much effort or upfront capital, ridesharing might be the way to dip your toe into the world of entrepreneurship.
19. Real estate
The housing market can be confusing for many people. You can assist people in finding their ideal home at a price that fits their budget by working as a real estate agent. For many states, becoming a real estate agent only requires passing an exam and a few months of coursework. Remember that you'll need strong social skills even if you have a certification, so if you're not a people person, this may not be the path for you.
20. Graphic design
Everyone needs eye-catching marketing materials, but not everyone has a sense of aesthetics. Corporations, small businesses, and sole proprietors all need these materials. Start a graphic design company to create flyers, digital ads, posters, and other visually appealing content if you have an artistic streak and know how to arrange content in a pleasing format. Apart from a laptop and a desk, not many physical tools are needed for graphic design.
Not all businesses that sell products keep them on hand. In drop-shipping, owners of e-commerce websites entrust the fulfilment of all orders to a third party. The third party is probably a wholesaler or another company that manages a distribution centre. If you're worried about overhead costs and available space for your business, drop-shipping is a fantastic startup idea because it requires very little inventory and equipment.
22. Individual instruction
If the gym feels like a second home to you, you might want to offer some of your knowledge and assist others in achieving their fitness objectives. As a personal trainer, you can provide in-home training sessions that are tailored to the fitness levels of each of your clients. In order for their diets to support their physical goals, you can also assist clients in creating personalised nutrition and meal plans.
Many personal trainers begin the process of acquiring clients by creating social media pages that describe their experiences working out and include inspirational quotes. You are not legally required to have any specialised training to launch this kind of business, though a certification can help you increase your customer base.
23. Writing a resume
Whether they want to change careers, increase their pay, or work in a different environment, people are constantly applying for jobs. Of course, the majority of job applications call for applicants to send in resumes outlining their work history. You can make job applicants' resumes stand out from the crowd as a resume writer.
Additionally, you'll assist your clients in putting together portfolios and cover letters that highlight their best work. Additionally, you only need some fundamental organising and proofreading skills to be a resume writer. You're already off to a great start if you know what makes resumes look polished and prepared for employers to look at them.
24. Organize a podcast
More than 100 million people in the United States alone actively listen to podcasts, demonstrating how popular they have become. The best part is that you can start a podcast on any subject that grabs your attention, including business, history, pop culture, and more. Starting a podcast requires consistency, commitment, and a fundamental knowledge of audio editing (and video editing if you want to start a companion YouTube channel for subscribers to follow).
Once your podcast has a sizable audience, you can sell time to advertisers or form collaborations with businesses that make money. You might even be able to charge to speak at events or moderate panels on the subjects your podcast focuses on as your brand grows. Of course, in order to reach that level, you must first develop a novel idea about which you are knowledgeable and passionate, and then you must ensure that you can connect with your target audience.
25. Establish a newsletter.
Consider starting an email newsletter if you don't like podcasts but like the idea of amassing a sizable subscriber list and then selling space to advertisers and partners. More than 90% of Americans are newsletter subscribers. This implies that you could develop a sizable following and earn money from it if you can draw in a specific audience.
To do this, think of a broad subject that you can write extensively about, then work to define a brand voice and mission. When you're ready to get started, look into the best email marketing tools that can assist you in managing your subscriber list and email sends. To give your audience more of what they want and less of what they don't, periodically seek their feedback. After all, it is their continued participation in your newsletter that will enable you to develop it into a lucrative business.
26. Event catering
Are you passionate about the culinary arts? If so, considering event catering as a potential business venture. Whether it's for gatherings like weddings, parties, fundraisers, or family reunions, there is no shortage of people who need delectable food to serve their guests. Event catering might be a fun and lucrative way for you to feed hungry guests if you have a knack for cooking or baking.
You must set up a menu and price list before you can begin, as well as acquire all required permits and licences. Start out small to spread the word about your catering service, but when your food speaks for itself, don't be surprised if word-of-mouth alone helps your business grow by leaps and bounds.
What small businesses have the greatest success?
Among the small businesses that generate the most sales and profits are those that use website design, a component of digital marketing. Finding customers and a reliable source of income isn't as difficult because more people learn about businesses online than through other channels. Since everyone needs a place to live and prefers clean homes, it makes sense that cleaning services and real estate businesses have high success rates.