Top 07 business ideas to start in 2022 Sometimes a new venture begins with business ideas.
Sometimes a new venture begins with business ideas. Other times, the entrepreneurial itch comes first. If you have made up your mind about doing your own business, we’re here to help you find great business ideas that can help you kick start.
What makes a business one of the best in the upcoming years? Projected market growth and low costs are the answer! Choosing a business model based on a digital product can also help you cast a wider net when building a strong customer base and business model that’s easier to scale.
So, here are the top 7 business ideas to inspire you.
E-commerce as a sector experienced a massive boom after the COVID 19 pandemic. At the height of the pandemic, e-commerce experienced 10 years of growth in just 90 days which is prodigious. This spike in demand has definitely brought a lot of competition to the market. Approximately 150 million people experienced online purchasing during the pandemic and e-commerce as a percentage of global retail sales is expected to grow more over the next 5 years. All of this combined with a minimal startup cost makes an e-commerce business one of the best businesses you can opt for.
The demand for digital marketing has continued to grow along with the increase in demand for E-commerce, content marketing & social media. If you’re planning to start a digital marketing business, you may want to consider specialization. As the market expands, it also becomes more crowded. You’ll be better served by choosing one thing to do really well. The options are wide – you can pick between Facebook ads, social media campaigns, SEO-based content marketing, and many more and differentiate your company in the market from others.
Online courses can be one of the most profitable small businesses to start. You first need to outline a course you think you are good at. Once you complete the work for creating the content for your course and marketing it, the course can become a source of passive income. According to many sources, the online education market is expanding at a record pace and is expected to be a $350 billion market by 2025 which makes it an even more attractive opportunity.
Consulting services are expected to experience a jump in demand. It can’t get much more appealing than a consulting business if you’re looking for low-cost business ideas. Given that your expertise is the product, you can start up your business with relatively low overhead. All you need is a strong consulting proposal, knowledge of how to set your fees compared to others, and where to find clients, and you’re ready to go!
Smartphones have created an entirely new market for applications. If you are a quick study and know how to code or if you’re good with tech, you might want to work on developing a mobile application that will serve a useful purpose. While developing an app, you can either develop your own mobile application or you can work with an agency model, providing app development services for other companies.
A virtual assistant specializes in providing administrative tasks from a remote location that includes scheduling meetings, making phone calls, arranging travel, and managing email. Virtual assistant work can be a flexible home business that is accessible to a wide range of skills and experience. It is an ideal manageable job for someone who is looking for full-time or part-time work. Virtual assistant work can be done through an agency or you can start your own sole-proprietorship.
If you have a good ear and can type quickly, a transcription service would allow you to work from anywhere you want with a flexible schedule. There aren’t any startup costs associated with it, and there is consistent demand from journalists and corporate clients.