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With the rise of the digital economy and the “economy of the individual,” more people than ever want to start a business and be their own boss.
A survey suggests that over 63% of 20-somethings are keen on starting their own business for the first time. The fact that you’re reading this article means you are on the same page and may even want to start a part-time side hustle.
All you need is the right business idea to make it big. For example, this blog was just a business idea at one point but now brings in over $20,000/month.
You might not realize it, but even hobbies can turn into the best small business ideas with a little online marketing. Take dog walking for instance. It may not seem like a legitimate business idea at first. But once you start running it solo and understand the ropes of pet sitting, you can build your dog walking agency, take out a short term loan, hire other dog walkers, create an app, and build your puppy walking empire.
And just like that, a business idea is born.
Please note that some of the links in this article are affiliate links, which provide me a small commission at no cost to you. These are merely good business tools to use in tandem with these home business ideas.
Let’s get started.
What Are the Best Business Ideas?
Here is a list of the 51 best business ideas to start in 2020.
There are thousands of bloggers who are making handsome six figures by writing about their passion or expertise. Try to connect with a niche audience using your content, and you are likely to make more money with your blogging career.
In fact, according to statistics, 73% of bloggers who earn over $50,000 per year say they focus their content on the interests of a particular group.
To get started, I recommend you:
- Choose a relevant domain name for your blog using a domain name generator
- Set up low-cost web hosting with an affordable hosting service like Bluehost
- Install a simple WordPress theme along with relevant plugins
- Get to know SEO and generate traffic to your site
Next, make a content calendar and start building a loyal audience base using various email marketing and marketing automation software. Furthermore, you can integrate it with Google Analytics to monitor your traffic and other essential metrics.
To help you with your blogging journey, join my free 7-day email series on the exact steps to take (and get a free 8-page blog launch checklist).
You can also check out these amazingly helpful blogging courses for beginners:
- Blogging Masterclass: How to build a successful blog in 2019 (Udemy)
- How to start a blog – Blogging for Beginners (Skillshare)
- How to start a blog – Ryan Robinson (ryrob.com)
Companies are always on a lookout for graphic designers for branding purposes.
From designing marketing collaterals, including banners, posters, and logos to creating stunning designs of landing pages, the opportunities here are immense.
You can pitch your design skills to small business owners or individuals to start your gig. Graphic designers can also join freelance websites like Flexjobs to find relevant work.
If you have prior knowledge of this field, then getting clients would be helpful. However, learning the basics of graphic design from scratch is pretty easy, with a vast number of online courses. You can leverage Adobe Illustrator to learn the foundation of graphic design. Alternatively, you can use other user-friendly tools like Visme and Stencil to hone your graphic design skills further.
Here are some amazing graphic design courses that will give you a great head start in this career:
- Fundamentals of Graphic Design (Coursera)
- Graphic Design Fundamentals: Getting Started (Creative Live)
There are over 4 billion internet users in the world. And to cater to this massive online population, 6 out of 10 small businesses have a website. This is why web development is a valuable skill to cater to the surging demand for launching and upgrading websites.
Start by developing websites for your friends and family to polish your skills. New businesses are always looking for efficient coders at cost-effective prices. You can kickstart your career by offering competitive prices for your services and then slowly transform it into a more lucrative business plan by solidifying your portfolio.
With the rise of social media channels like Instagram, now consumers are increasingly turning to niche influencers to get advice on a product they are looking to purchase.
This is what being an Instagram Influencers is all about.
The term evokes images of promoting energy drinks and raving about skincare products.
Kylie Jenner, anyone?
But it’s much more than that.
First, you have to choose your niche. It can be anything, from tech to beauty to health. Make sure to select the domain area you are passionate about and are well versed with. Next, you have to build a solid Instagram following by posting interesting stuff about your life and talk about things that are relevant to your target audience. Once you build a healthy following, brands and affiliate marketers will contact you automatically for collaborations with handsome pay-outs.
People with the right marketing skills, know-how, and thousands of Instagram followers can earn anything from $500 to $6000 per post. Even if it can publish 3-4 posts a week, it becomes an extremely profitable business.
You can check out this course on Udemy to learn incisive knowledge on Instagram marketing.
It has become easier to share your knowledge or expertise via the internet. If you are a subject matter expert or passionate about something, then you can convert it into a substantial income.
Offer online coaching classes to students, build a community to help while building your online coaching business. You can set up a Facebook page or even a podcast where you can reach out to people looking for online coaching classes.
If you have the ability to procure products in demand at lower prices, then you can start a lucrative dropshipping business by reselling those products at third-party sites like eBay or AliExpress. Dropshipping is a concept in which sellers procure products in bulk from suppliers and sell them further to the end-user.
Here’s a perfect breakdown of how dropshipping works:
You need to do extensive market research to identify critical products that are in high demand and can be procured easily at discounted prices. Check high-selling products on the leading ecommerce website, including Amazon, to gauge the current trend.
There are more than 2.5 billion smartphone users in the world, and the number is increasing every day.
Since everyone worries over the safety of their Smartphone, Smartphone cases are one of the top-selling mobile phone accessories. As a result, mobile case sellers are raking in 6 or 7 figures income by selling smartphone cases in huge volumes.
Mobile cases don’t have to be bland and boring. People today are showing interest in various types of mobile case designs, with interesting artworks, witty quotes, or funky designs. You need to be creative and innovative to create a collection of smartphone cases that your audience would be attracted to. Etsy store managed to sell handmade cases worth $60,000 in its first year.
The idea is to find your niche.
You can easily list your collection of new products on ecommerce giants like Amazon and eBay. Once you start making some money, there is always an option of launching your own boutique website on a platform like Shopify to cut down commissions.
It is a buzzword in the marketing arena these days.
When someone asks how to make passive money online, a lot of people automatically envision affiliate marketing.
According to one research report, 38 percent of bloggers make somewhere between $7500 — $25k per month from affiliate marketing.
In simple terms, Affiliate marketing is a business model where bloggers and influencers recommend services or products they like or find useful, something that will be genuinely helpful for their followers, and earn a percentage of profit for each sale that follows.
Here’s a perfect rundown of how Affiliate marketing works:
To get started, register with networks like ShareASale, Rakuten, Clickbank, and Skimlinks to start making money from the type of content being published on the website. The income will gradually grow along with the growth of your website – Sky’s the limit here.
You can use your excellent organizational skills to create an extra stream of income. Virtual assistants are in high demand by corporations, freelancers, and every kind of business.
It is also an excellent opportunity to know successful and influential people from different fields of work to build a vast professional network. At the same time, it also provides you the opportunity to work from anywhere in the world while developing your professional skills.
People are always looking for efficient Virtual Assistants on freelance job websites like Flexjobs.
Check out this link to find out more than 100 free virtual assistant courses.
Billions of people are on social media, and businesses are spending millions to reach their target audience through various social media platforms. If you are glued to social channels and understand how the eco-systems work, then you can put your knowledge to good use and start your own social media marketing business.
Small businesses, start-ups, and influencers with massive social media presence are always looking for capable social media managers to help them grow their social media presence. You can pitch for social media account management and help businesses run paid ad campaigns on Facebook, Twitter, and other channels.
If traveling is your passion and you are always updated about things like best airplane ticket options and hotel deals, then you fit the bill. You can start by helping your family and friends, securing the best travel deals. It will help you earn free word of mouth publicity and kickstart the growth of your freelance travel consulting business.
Create pages on platforms like Instagram, Facebook, LinkedIn, and WhatsApp to promote your business and connect with people who want to leverage great deals. When you develop a solid follower base, you can also collaborate with travel agencies to cut exclusive deals for your customers.
To make it a full-time career, you can also consider earning a certification in travel consulting.
People have become more aware and tasteful about how their homes look. There is always a need for an interior designer who can tell which color will suit your walls and what is the right place to put your armchair.
You can take inspiration from Pinterest, which offers plenty of interior designing ideas to take inspiration from. You can even start by pitching your expertise to people in your acquaintance to gain confidence before going starting officially.
Here is the list of free interior design courses you can opt for to get a formal education.
Wedding photography has become grander and fetches handsome pay per project. Professional wedding photographers can charge anything between $2500 – $10,000 and even more for each photoshoot.
In the starting, you can build your clientele by searching online and registering on aggregators, including MyWed, to find the business. You can also reach out to potential clients through Facebook and Instagram.
To hone your skills, you can either take online wedding photography classes or learn by reading this detailed guide. Here is the list of wedding photography gear you would need to start your wedding photography business.
WordPress is the go-to platform for small businesses and budding bloggers to start a website of their own. If you are well versed with how to set up a WordPress blog, then people can pay you hundreds of dollars for your skills.
Apart from WordPress consulting, you can also offer digital marketing services to your clients to diversify your revenue stream. It will help your clients bring relevant traffic to their website. If you build a successful business as a WordPress website consultant, you can even transform your business into a full-fledged digital marketing agency.
You can learn more about building websites on WordPress through these free online courses.
Driving an Uber can help you earn a substantial amount of side money. Apart from driving, no specific skills are required to start this side business.
You can check all the requirements on Uber’s website to know the feasibility of your decision.
However, before making a final decision, it is essential to factor in the costs of gas, wear and tear, toll charges, and maintenance to identify actual profits per month. You can use this calculator to calculate actual earnings.
There is an app for anything and everything – and they are making thousands of dollars. Bet you won’t be able to find a niche for which there is no app built yet.
The best part is that you don’t have to worry if your coding skills are good or not. Head to this course to learn about how you can build apps with little or no coding skills. But before implementing it, do some market research about the competition, revenue model, and feasibility of the app.
Look at some of the successful apps, including Instagram and Snapchat; all were built for a specific target audience and are now worth billions.
Trading of domains is an old tactic to make some extra money. But if you get lucky, then you can earn millions. The domain name Insure.com was bought for $16 million in 2009.
The key is to identify interesting blog names that have the potential to sell later. Buy them with cheap hosting plans and wait until a buyer approaches you. Building a desirable domain portfolio could take years. Keep researching and be patient.
Content writers are in huge demand, especially for digital marketing purposes. If you have a knack for crafting engaging stories and writing articles, then you can turn your skills into a lucrative freelance writing business.
From website copy to blog posts and email newsletters, you can write content for a variety of things. Experienced freelancers earn anything between $1000 to $5000 in a week. You can also take up editing and proofreading work to help clients upload error-free work.
Freelance content writing offers you the opportunity to earn from any location. Check out these content free writing courses to polish your skills further.
If you are starting out, you can find work on websites like:
- Flexjobs (my #1 choice)
Once you build your portfolio, you can even launch your own website where you can welcome inbound leads. Other than this, you can connect with potential clients on social media platforms like LinkedIn.
Businesses are becoming data-driven to make more informed decisions. Talented data analysts, who can make sense of heaps of data and bring actionable insights on the table, are in high demand. If you are great with numbers and have sufficient technical knowledge, then this is the job you would love.
The data analyst industry also offers lucrative pay for full-time jobs as well. An average data analyst earns around $60,000 in a year.
You can learn more about data analysis by taking online courses from edX and Coursera. Once you build your data analytical prowess, you can search for both remote data analysis jobs on platforms like Upwork, Flexjobs, and more.
You can make the most out of your unused space by listing your property on Airbnb. It has become a lucrative business for millions of homeowners who want to earn some extra side income.
Aside from renting your room or apartment, it also provides an excellent opportunity to meet different people from all over the world. However, you might need to stay available on call to help out your guests with local requirements.
You also have the option to enhance this business by offering food, personalized experiences like city tour, and transport on a chargeable basis. This article talks in detail about how to calculate your earning potential from Airbnb.
Personal fitness trainers are in high demand. If you are into fitness and know the technicalities of workout and diet plan, then you can make some extra money by helping people become fit.
Once you find the right clients and build a stellar reputation, the job is both physically and financially beneficial. Aside, you can also learn online about fitness diets to add more value to your service. There’s also an option of starting your own fitness blog to share your fitness tips with a wider audience and position yourself as an authority in the business.
Learn more about fitness training and earn a certification to add more credibility to your profession.
Several YouTubers are making thousands of dollars by vlogging about their passion, skills, travel, food, reviews, and stand-up comedy videos, among others. Pick a niche you are passionate about and have sufficient knowledge to create engaging and unique videos. The more entertaining content you post, the more views and subscribers you will gain.
Before starting your YouTube channel, learn about YouTube guidelines and how to use its tools. Also, invest in a good camera and microphone to make quality videos for a greater earning potential.
Your expert knowledge of another language can help you earn handsome money. Translators are always in demand, but good translators are rare to find. You can land lucrative jobs if you know the correct application of grammar and spell the words correctly. There are thousands of jobs listed on Flexjobs for translators.
If you are living in a tourist hotspot and love interacting with new people, then you can easily become a tour guide. However, you also need to have extensive knowledge of your surroundings along with its history and culture.
You can launch your own tour guide company to help tourists get the best experience during their travel. On top of that, you can offer a little something extra by arranging vintage vehicles or unique local food for the travelers to stand apart from other travel agencies.
Tour guides also earn handsome tips if they delight their clients with their services. Read this detailed article to find out the qualities you need in a tour guide.
From websites and banners to social media and marketing, stock images are used everywhere. If you have a DSLR and decent photoshop skills, then you can easily sell your images to stock photo websites including Pexels, Unsplash, and Shutterstock, among others.
Every time a client uses your photo, you get paid with a markup amount. You can later build your own website to secure better corporate projects.
Before considering the profession, learn about the type of equipment and investment, you would need to start stock photography. I recently put together a list of 18 best photo editing software for photographers, which might come in handy while building your stock photography business.
Ghostwriters might not get the credit for what they write, but they sure make a lot of money. Jeff Hadden has made millions just by writing for famous and successful people. He started writing as a side gig and ended up making a lucrative career out of it.
You can secure ghostwriting gigs from platforms Freelancer, Workana, Contena, and more. Beginners can expect to earn anything between $15 to $30 per hour depending upon their quality of work. Once you gain experience and develop a portfolio, your remuneration can increase exponentially.
Learn the ethics and rules of ghostwriting before entering the arena.
If you know the art of mixing beats and have a taste for music, then you have the ability to become the DJ of your next local gig. Famous DJs usually earn thousands of dollars per month by doing a bunch of gigs.
However, it is not that simple. You need to learn the basics of sound mixing, design, and production of music before cutting to the professional scene. Go through this guide to get a better idea of how to get started.
I’d suggest you first take an online DJ course to understand the nuances of art to build a successful career as a DJ.
Style and fashion are always a topic of discussion. Naturally, being a good tailor is a great business opportunity. Your expertise to design and make designer-clothes within a limited budget can help you get access to a wide array of customers.
According to Entrepreneur.com, the business of alteration and tailoring requires a minimal investment of $2000. But you always have the option to start small and build your business gradually.
You can take an online fashion designing course from Oxford Home Study to gain more technical expertise in clothing and styling.
Baking can make you a lot of money. However, you should have a knack to make scrumptious delicacies, then only you will be able to sell them at premium prices. People always give more value and preference to hand-made and gourmet baked products.
To get started, you also need to stock up some essential cooking equipment.
You can start by cooking something as simple as your mom’s perfect recipe for cookies to perfect your skills. Later, you can master in a bunch of niche recipes to create your own USP and command premium rates on your products.
You can find free baking classes on Skillshare to master your baking skills further.
Startups, small businesses, and influencers are always looking to scale up their online presence by promoting high-quality, engaging content.
Your expertise in providing highly-effective content marketing strategy can help you get some high-ticket clients. Once you start building a portfolio of established clientele, you stand a chance to earn thousands of dollars per project. You can start looking into your existing network to find out about the companies who are seeking content marketers to build their brand.
Content marketing is a dynamic skill set, and as technology keeps on evolving, you need to be on your toes to stay updated. Keep following top content marketing blogs to stay in the groove.
However, you should not go full time with this profession as only established authors earn more than $10,000 a year through e-books. Instead, start small, keep writing for others to make a name, and then probably foray into writing your own eBooks.
You can leverage it as your side-gig for extra income until you hit the sweet spot. Meanwhile, keep researching on the right strategy to write an eBook.
If your money is lying unused in banks and earning you minimal interest, then you might consider investing in more lucrative schemes. Warren Buffet is the most prominent example of being a smart investor who has made a fortune out of his intelligent investing habit.
You can start small with short term trading while learning the ropes of the stock market. Invest smartly in value stocks to grow your wealth steadily.
You can also take online stock market courses to get a better understanding of other financial investment options like cryptocurrencies and blockchain.
You can always find readers who are willing to read about the subject you are passionate about. For instance, if you want to build a niche website about solo traveling, then you can write valuable stuff related to solo traveling that may help out your readers as well. Make it engaging and informative to offer value to your audience.
However, you would need to invest greater hours in building the audience. You can also do market research to identify whether your niche is feasible in the long run as a money-making gig or not. Sift through the internet to search for ideas to build a profitable niche website.
The majority of car owners never get the time to wash their car and keep it squeaky clean. With the increasing number of car owners, it is a great business idea to start earning handsome income in your free time.
All you need is a sponge, car shampoo, tire black, hose, and some networking skills to get the business. A mobile car wash service has the potential to generate a revenue of up to $1,00,000 in a year. So, you might even want to make it your full-time business later.
Keep researching about new-age car washing technique to keep yourself updated.
Every home has at least one carpet, and they are bound to get dirty. People are always in search for a reliable carpet cleaner to get rid of allergens, dust, bugs, and stains.
You need to invest in a good vacuum cleaner, cleaning agents, and carpet brushes to launch this business. Do market research on prices to offer the best options. You can start by asking around in your neighborhood for house cleaning service requirements.
Make sure to keep on learning about new techniques to upgrade your knowledge of carpet cleaning. Further down the lane, you can even hire a bunch of carpet cleaners and launch your own carpet cleaning company.
Singe parents and nuclear families are always short of time to take care of their child. Hence, there is always a demand for compassionate childcare professionals. It is a lucrative career option if you love being around kids.
But before taking the plunge, be sure about the age-group of the kids you are willing to look after. As you gain experience, you can also open your own day-care center to look after the kids and expand your business.
To increase your chances of finding success in this arena, you might want to earn formal certification in childcare.
There are more than 1 billion computers in use right now. No wonder the market for credible computer repair service is huge. According to statistics, the computer repair industry earned a total revenue of $19 billion in 2018.
Given the high repair costs at authorized service stations, you have a great opportunity to earn money by offering cost-effective repair services. If you’re a handyman, You can start by approaching small businesses and neighboring homes to get computer repair projects. Gradually you can expand your team to take bigger orders from medium or larger enterprises.
From learning to fix networking issues to replace the crashed hard drive, opportunities are immense in this field.
If you have the attitude and body for the ramp, then this gig requires no investment. Marketers and fashion designers are always hunting for fresh models to launch their products.
However, it is important to assess what you are subscribing to. Talk to people who are already in the industry, find a mentor who can help at an early stage of your career, and make the right contacts. The job may look glamorous, but it demands a lot of commitment and hard work to reach the top.
Several dog owners don’t have the time to take their dogs out for a walk. As per AVMA, more than 50 percent of households have pets. If you are a dog lover, then you can help dog owners while earning a handsome amount.
You can also take the help of mobile applications such as Wag to connect with dog owners.
Here’s the application process to apply:
Dogwalker is another great website that can help you connect with dog owners to get your business started.
Once you understand how this business runs, you can even start your own dog walking agency. Expand it further by offering dog bathing, food, and other related services.
The real estate market is back to booming in the USA, and people are closing more real estate deals than before. However, people want to avoid the hassles of getting the paperwork done and legal permissions required to acquire their property.
You can broker the deals to help buyers and sellers have smooth transactions. Build a healthy pool of clients by assisting them in buying and selling commercial and residential properties. You can also build a small sales team to approach the customers more efficiently.
Custom-made furniture is in high demand. If you have an eye for creativity and are good at building furniture from scratch, then you can convert your craft into a great money-making opportunity. People are ready to pay a hefty premium for a great degree of personalization and customization.
The number of people who want to make their homes look authentic is growing exponentially, and so is the business opportunity. You can get business by contacting local homes and listing your products on platforms like eBay and Amazon.
Hand-made jewelry is the new fad. Teenage entrepreneurs including M3 Girl Designs’ Maddie Bradshaw, Bella Weems of Origami Owl, and the girl behind DesignedByLei have raked in vast amounts by selling handmade jewelry.
There are huge opportunities in the industry, with its growth projected at 5 to 6 percent per annum. With no big players in the field, the entry to this segment is also easy. You can start selling online to earn a name, and if you end up becoming a household name, you can even open up a brick and mortar storefront.
Take a diploma or opt for online courses to understand the nuances of jewelry design and its making.
If you have no qualms about parading around promoting stuff and grabbing eyeballs from strangers, then you can make some good bucks by becoming a human billboard. Brands can either rent out your beard or hair to carve their logo. All you need to do is to walk around in the markets and crowded public places to get noticed.
You can earn from $5 per day to $7,000 for a contract of five years. However, the business idea is quite radical and might appeal only to a bunch of people – but it pays.
The average human billboard salary can be as high as $50,242 per annum.
The job of a human billboard is most suited for students who want to earn quick bucks to meet their tuition fees and other daily expenses.
If you have an eye for spotting the right business for investment, then you can look for purchasing an existing website. Several websites on the internet have great potential but need an expert to make it possible.
You can buy a website at a discounted price, build its audience and business to sell at a larger premium later.
Here are the places where you can buy a website:
Website trading is a real thing, and people make a lot of money through it. The prices of a website usually depend on its traffic, domain name, revenue, and potential to scale up.
Buy, nurture, and sell.
Laundry service is worth more than $40 billion in the USA. People will never stop wearing clothes, and as a result, they would continue to require laundry service.
Several home pickup laundry services have mushroomed over the years, but there is still potential to open a reliable mobile laundry service for locals by offering better services at a lower cost.
You can do a course in retail laundry and cleaning to understand the proper usage of chemicals and fabrics.
Well, it is not a conventional business idea that you usually pitch to your peers, but it has got great potential. You get the opportunity to clear the junk and make it accessible to recycling units for a sustainable future.
You can also get a franchise of big companies like JunkLuggers to kickstart your business. To get started, you would need proper equipment like a truck, shovels, garbage cans, sledgehammer, and more.
Once you set up your junk removal business, go through this guide to get an idea of how to make money with your new endeavor.
Weddings have become more opulent, organized, and resource-intensive. To manage all aspects of the wedding efficiently, couples these days look for credible wedding planners.
You can jump into the wedding planning business right away if you have contacts with professionals like good caterers, florists, performers, travel agents, photographer DJs, and more.
The process is time-intensive and capital intensive but can bring abundant rewards. An average wedding planner earns around $40 per hour for their services. You can also do a diploma in wedding planning to take your skills to the next level and prove your credibility in the industry.
Becoming a personal chef can help you earn big bucks for your exemplary cooking skills. The majority of people are too busy with their profession and get little time for themselves. You can help such professionals out by preparing delicious food of their choice.
The personal chef job market is expected to grow by 5.2% between 2016 and 2026. The demand for chefs capable of cooking healthy and delicious meals is only increasing with time.
You can learn how to make new dishes on YouTube or take a certification in personal cooking to make yourself more employable. This can even lead to you opening up your own restaurant, bar, or coffee shop where your culinary skills are put on display to the public.
Many organizations cut down their costs by outsourcing customer service to freelancers. If you are good at communicating and have sufficient management skills, then you can easily take customer service jobs.
Freelancing websites, including UpWork and Fiverr, offer a lot of contract-based customer service. If you already have the relevant experience, then you can also build a virtual team and start your own customer service agency.
Pet grooming has become a thriving business idea in areas where affluent pet owners reside. From a spa and foot massage to haircut and massage therapists, people are spoiling their pets to no boundaries.
To set-up a pet grooming business, you would require around $2000 and can earn average dividends of approximately $48,000 in a year. Find out clients in neighborhoods or look for them on Facebook and WhatsApp groups.
You can also enroll in a dog grooming course to get a better insight into the job.
T-shirts with exciting graphics and funky logos are in high demand. T-shirt retailing business is worth millions of dollars and relies on efficient t-shirt printers to meet the supply.
Several suppliers are already in the business, but there is enough room for new players. You can take the orders from multinational brands or local businesses or even launch your own line. Moreover, this industry allows you to work on your terms, i.e., you can either choose to work from a small room or start off with a big factory-based production.
Take a print production course to understand the dynamics of dyes and printing technology.
All of the professions and small business ideas mentioned above can help you earn a decent income even after starting on a small scale. Take the right pick depending upon your skills, interests, and pocket size. Never opt for a business idea just because somebody else is also doing that – listen to your true calling to become a successful entrepreneur.
Did you miss any of your picks of the best business ideas? Let me know in the comment section below!