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Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on initial logistics and costs and more on getting your ideas off the ground. Let’s skip the first big mental hurdle of “I want to start a business but I have no ideas”.
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These 26 small business ideas are a great entry point for beginners, novices, or anyone with a busy schedule, and will allow you to start a business on the side without giving up everything.
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To help you get inspired to get started, we’ve compiled a list of over 100 in-demand business ideas, divided into categories like fitness, clothing and gaming.
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Whatever your type of business, you will need a good domain name (use our free domain name generator) combined with a great brand name and a representative logo.
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Buy stock, stock it, pick it, pack it, ship it. Inventory management is an important investment in running a business.
Dropshipping is an easy and cheap business idea to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It is one of the best businesses to start because it is cheap, hands-off and scalable.
You don’t have to handle the products yourself, just make the sale and place the orders with your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can organize products from one or more suppliers in your own online store under a theme that focuses on a specific niche, such as equipment for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for your own marketing and customer service.
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There are local and foreign suppliers that you can work with as long as you can build a relationship with them based on trust. An unreliable supplier will have a bad image of your brand.
Dropshipping is a great way to test product market fit and start a business before investing in your own original products. Make sure you always order a sample for yourself to make sure your supplier is reliable and the quality of the products is suitable to sell to your customers.
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Another drop-shipping model, print-on-demand places inventory, shipping and fulfillment in the hands of a third-party supplier. But unlike the dropshipping business idea above, the focus here is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, bags and more become canvases for your creativity. You can suggest witty taglines for developers or references that resonate with cat owners. If there is passion and pride within a community, there is a potential t-shirt business you can start.
Even if you’re not a designer, you can find someone to work with with freelance sites like Fiverr, Upwork, Dribbble, or 99Designs.
With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than if you order in bulk. But the advantage is that if a particular t-shirt design doesn’t sell, you still haven’t paid for the item (only the design, if you outsource it).
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You can even use t-shirt mockup templates so you don’t have to spend extra money on a whole photo shoot for each new design.
There are a variety of print-on-demand platforms you can work with, many of which can be integrated with your store for seamless order fulfillment. However, be sure to always order a sample of your product (often offered at a discount) to ensure your custom products look great.
A book is just another type of product when you think about it. As such, you can create one to meet a particular market demand.
Cookbooks, picture books, comic books, poetry books, photo books, coffee table books and novels – if you have the knowledge or the creativity, there are a variety of quirky books you can sell. The options are endless, which is why this is one of the best small business startup ideas.
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Print-on-demand is a relatively safe way to test the waters and self-publish. It also gives you control over the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your own books as physical and digital products. You can also sell it on third-party marketplaces like Amazon or Powell’s.
Although you can order one book at a time, the cost naturally comes down when you buy in bulk. Consider pre-selling or financing your book idea to ensure there is demand and guarantee a certain number of sales so you can feel confident placing a bulk order.
Starting your own book can be a great way to monetize a blog if you have one or are looking to start one.
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Digital products like music, courses, podcasts, and templates are unique on this list of small investment ideas for small businesses. Unlike the others, they are not tangible. There are no recurring production or shipping costs to worry about so your margins can stay high, making it another no-brainer to be one of the best businesses to start.
The trick is to figure out what makes a good digital product. What is useful enough that people are willing to pay to download it?
The answers range from original instrumental beats, to stock photos that can be licensed to other creators, to information products and templates that help people improve their skills in a particular area.
If you have a talent that can be turned into a digital product, consider turning it into a new source of income.
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Has a free digital download app that allows you to offer digital products in your store just as easily as physical products.
If you have artistic flair or know how to handle a camera, you can use a print-on-demand business model to let others physically have some of your work. Just make sure you have the rights to the content you want to print or that you’re using public domain assets that you can freely monetize.
If you already have an engaged online audience, say you’re an urban designer or photographer, you’re in a particularly good position to try this small business idea.
Depending on the printer you work with, you can turn your work into products like posters or framed wall art, or even greeting cards. There are many inexpensive digital templates and mockup generators like Placeit that you can use to showcase your products without having to print each item and do your own photoshoots.
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In our free 40-minute video workshop, we’ll take you from product idea to creating an online store to your first print-on-demand sale.
Having a mission to support a business and put profits to a cause gives social entrepreneurs a unique way to market their business while addressing the issues that matter most to them.
While many social enterprises offer their own quirky products, you can also take one of the cheap small business ideas above and partner with a non-profit or implement this social good with your own hands, as long as you are transparent about how it works.
As part of your marketing, you can share the impact your customers have had by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
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TheGive & Grow app makes it easy to partner with charities and embed your mission into your business. You can set it to donate a specific amount or percentage of sales, or ask your customers to add a donation at checkout.
Offering services is not passive, but it can definitely be a lucrative way to get freelance work. With service-based small business ideas, “time” is your inventory and your biggest investment. You only have a limited number of hours in your day. However, it makes it easier to get started if you have the skills in question.
Writers, graphic designers, virtual assistants, SEO practitioners, cleaning service providers, dog walkers, real estate professionals, etc. can build a business around their skills. You can offer these skills as an ongoing service or start a consulting business that advises on projects.
This is one of the best business opportunities because it can be expanded with any of the other ideas above to create additional revenue streams by “producing” services through physical services.
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