In search for best business ideas, it is important to note that entrepreneurship has made many men and women millionaires. It is a journey that kicks off with getting ideas that may be suitable to actualize. However, with the hunger of getting as many ideas as possible, confusion may cloud your effort in deciding what to go for. To solve this, I have identified six best ideas you can establish this year.
Consultancy
If you are good at something, you can offer consultancy services. Professionals from various backgrounds take this opportunity in solving problems. Among these services which you can offer are bookkeeping, IT, training, medical services, tours & travel, homecare, ,body exercises, education, digital marketing, and entrepreneurship training among many others.
How do you learn whatever you want to offer before taking it as a business idea? Well, there are two options: experience or learning from Youtube and other sources you can get. You should be very well-versed before starting to avoid denial challenges.
Consultancy requires smartness. In that regard, you need to focus on quality because many times, you will find a lot of things that require your time but they have little returns. If you choose a few that pay, you can utilize your extra time on development. But then you need to start small by focusing on many of them as you narrow your niche and market. In consultancy, continuous learning helps in getting updated on industry trends and sharing information and solutions with your clients.
What you need in consultancy is mostly to equip yourself with knowledge and maybe a few things like a computer that you can use for presentations and doing your research. If you happen to have some good money you can open a small office to earn some trust from prospects. Otherwise if taken seriously, it can be the best business idea to turn things in 2023.
Sell eBooks
Writing and selling your e-book is very simple. You create content in your area of expertise and publish it on online websites that sell books. Other people use social media platforms to market their e-books and they make it well. If it is great content you can easily make it to the bestselling category.
In choosing a topic, it’s recommended that you write on a topic you have an interest not that can earn you money quickly. This helps in getting your words on paper easily. With writing, you can make a breakthrough once your first book is out to the market and it touches on issues affecting people in various ways.
Social media marketing
Nowadays there are many social media platforms and many people and businesses are rushing to find a space in them. Twitter, Facebook, Instagram, YouTube, Tik Tok, Pinterest, and LinkedIn are the most famous. If you train yourself on how to manage these platforms, you can make a living from them. Luckily, there are so many platforms you can get knowledge from like Digital Skills Africa, Facebook Blueprint, Hub Spot, and others that offer free online courses that cover social media. What is even more interesting is that you can use the idea to market your business.
Affiliate marketing
Many bloggers are earning from affiliate marketing. It is in most cases a commission-based reward where you earn a certain percentage from a purchase made through your link. You create a blog or website then select a niche. Once you have a niche then you choose products to make affiliate marketing on. There are many of them including amazon, Shareasale, Clickbank, and Ranktracker among others.
What you should know about this idea is that some have a high commission while others are low. So, be conversant before engaging. In affiliate marketing, once you have established yourself well, you can earn money for a long time even when you are not working.
Use your private car to earn
Many people have personal cars. If you can spare some time after work and look for money, it would be a great deal. You register with a mobile taxi company like uber and go to business when free to generate more money. Such a business idea may bring a lot of talks among friends, so it is advisable not to share to people you don’t share interests.
Drop shipping
With the idea of drop shipping, you can leverage lot of technological improvement. This happens in that you can sell stuff online without owning a store. What you are required to do is to open your online business, then make an agreement with suppliers of particular goods you want to sell. Once this is in order, then do marketing so that you get visitors.
The beauty of this business model is that you need very little capital to start. You also don’t need a lot of logistics in setting it up. But if you have a good amount of capital, you can consider buying goods wholesale and selling at retail as you add what you may not have.
You can choose one or more best business idea and start your journey of making money this year. It is said a journey of thousand miles begins from one step. Do not allow fear to reign you, be optimistic. But don’t forget that business can take quite some time to make a profit or break even. Have patience as you venture and have a fruitful year full of entrepreneurial success.
