Passion, abilities, strategic thinking – and time – all come together to create the finest small business ideas. It might have seemed like a good idea to launch that swanky Crossfit microbrewery last year. But it’s a good thing you didn’t, since you’d have been closed for the most of 2021 if you had. As more firms go online, the environment is fast shifting. In fact, COVID-19 and social alienation hastened the rise of internet buying by 4-6 years. As a result, many of the small business ideas in this article are low-cost internet enterprises that you can start from the comfort of your own home. This strategy resulted in the creation of this blog, which you are currently reading. We’ll go through small company ideas in this guide to get you thinking about your next business endeavor. Whether you want to start a part-time side hustle or full-time operation, this guide is for you.
Let’s get started.
Disclaimer: 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 small business ideas.
What Are the Best Small Business Ideas? Here is a list of the best small business ideas for potential business owners to get started with.
1. Best Online Small Business Idea: Start a Profitable Blog.
When you start a low-cost online business, you’re most likely selling one of three things: • Your time (coaching or consulting). • Your own products (ecommerce or SaaS). • Someone else’s products (affiliate marketing or ads). With a blog, you can sell all of these from one website and make the most money from any low-cost online business idea out there.
So how do you get started?
To begin, you must ignore popular blogging advice and learn to blog as a business from the beginning. Many successful bloggers’ advise is to “write about your hobbies” so that you may generate a reasonable side income in a few years (they all started 5-10 years ago, mind you). This type of general counsel has never appealed to me. I’ve always had the impression that it was intended to appeal to the broadest possible audience, and that it never provided tactical, step-by-step instruction on how to start from scratch. All you have to do now is scale it and run it like a company. Some of the steps: • Choosing your blog’s niche based on four primary business factors, not your passions. • How to choose your domain name and set up web hosting for as low as $2.95/month with a company like Bluehost. • How to install a simple WordPress theme along with all of the relevant plugins bloggers need. • Getting to know SEO tools and performing keyword research to generate traffic to your site. • Becoming well-versed in search engine optimization (SEO) writing to help your content rank. • Scaling your guest blogging and link building strategies to build Domain Authority. • Monetizing your blog with the right tactics at the right stage of your blog’s growth. If you’re ready to get started now, I recommend you sign-up with Bluehost for $2.95/month.
Blogging is the ultimate low-risk, high-reward business idea, and my top pick. With a low barrier-to-entry and high profits, it’s a great idea, even while working full-time from home. Launch Your Blog with Bluehost
2. Online Courses and Coaching.
It has become easier to share your knowledge or expertise via online course platforms. If you are a subject matter expert or passionate about something, then you can convert it into a substantial income.
Small business owners can offer online coaching classes to students, build a community to help while building an 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. All of these coaching and training-based business models can be done at a low cost and at home. There are also several online platforms, including Thinkific and Teachable, to help you get started quickly. You can register on these platforms and start coaching right away. You can get started today with a One-Month Free Trial of the Thinkific Pro Plan with my link below.
3. Start an Ecommerce Business.
4. Start a Podcast.
5. Sell Custom Printed Products.
Another option for ecommerce is to create a brand and sell custom products like T-shirts, mugs, stickers, bags, and more. There are a lot of websites that take care of the logistics for you.
For example, here’s how the process goes with a company like Printify: • Pick one of over 200 products you’d like to sell. • Use a mockup generator to apply designs to your products based on images and graphics. • Order samples to make sure your products have the quality and feel that you’re looking for. • Publish your products and sync them automatically with an ecommerce platform like Shopify. • When you make a sale, your product is put into production and you don’t have to manage any manufacturing or shipping.
To succeed with a custom printed product business, you need excellent designs, a strong brand, and good marketing skills to generate sales.
6. Graphic Design.
Companies are always on the lookout for graphic designers to help them with their brand image. From designing marketing collateral like banners, posters, and logos to designing landing pages and websites, the opportunities are vast.
You can pitch your design skills to small businesses owned by individuals who aren’t giving the right attention to how things look. Graphic designers can also join freelance websites like Flexjobs to find relevant work. If you have prior knowledge in this field, getting new clients should be relatively easy. However, learning the basics of graphic design from scratch is also simple, with a lot of online courses and tutorials available. First, you leverage graphic design software like Adobe InDesign or Photoshop to learn the foundation of graphic design. Alternatively, you can use other user-friendly online tools like Visme 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)
I recommend you get started with Adobe Photoshop as part of Creative Cloud. Try Adobe Photoshop
7. Web Development.
Front-end web development is a valuable skill to cater to the surging demand for launching new websites. You can start by developing websites for your friends and family to polish your skills. While there are a lot of website builders that can help small businesses create their own websites, developers are needed for more custom jobs (and 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.
8. Instagram Influencer.
9. Phone Case Business.
Buying and selling domain names is one of the original online business ideas, and there are customers who are still looking to buy. Trading domains is a tactic almost as old as the Internet itself. The domain name Insure.com was bought for $16 million in 2009. Even though old, valuable domains are mainly taken, if you get lucky and jump on a trending domain name, then you can flip it for extra money.
The key is to identify interesting blog names that have the potential to sell later. Buy them with cheap hosting plans and place them in an auction. However, the long-term viability of this business is debatable. Hence, it is better not to go full-time with this idea. This Investopedia article explains more details about domain trading.
20. Freelance Content Writing.
33. Freelance eBook Writing.
Whether you work in an office, school, healthcare setting, or even work from your home, every person wants a clean space to get things done. Starting a mobile cleaning service is something that can be done rather quickly and with lower overhead than other small businesses. Focusing on a specific type of cleaning will also help you stand out. For example, using safe products, focusing on a niche, or specializing in allergen removal may help attract more business.
There will always be persons who need assistance with their personal and business finances. If you are an accountant, starting your own bookkeeping, or accounting business is a wonderful option. Finances can be worked on remotely, or in an office setting, and many people are willing to pay higher rates, making it a very profitable small business. It is also a rather low-cost, home business that most accountants are already qualified to run.
56. Resume Writer.
Writing a good resume is not something that comes easily to every person, especially now with automated reviewers and the use of keywords within job descriptions. Resume writing is one of the few online business ideas if you know how to create professional and unique resumes that land jobs. There are plenty of clients for this particular small business; start with word of mouth, reach out to your people, and utilize social media accounts. Your small business could be just a few clicks away and with barely any startup costs.
List of Business Ideas for Food Lovers
57. Ice Cream Shop
Another one of the proven and successful business ideas that you can try is one for foodies. Have you ever considered starting your own ice cream shop? Let’s face it people love ice cream and you will have plenty of customers with the right product and a solid business plan. You have quite a few options for your sweet new business. Start your own brand new shop, buy a franchise from a popular chain, or take over a current shop. An ice cream food truck is another great small business idea. Being mobile may be the wave of the future for most food, and offering catering services will also help you to find new customers.
58. Homemade Popcorn Business
It does seem like a very simple small business idea, but creating homemade popcorn may be a great starting point for your own retail business or mobile catering business. Plus who doesn’t love tasty popcorn? You will need to create some homemade recipes, but luckily the startup costs could be substantially lower than other food businesses. Popcorn is cheap, and one batch could sell up to $20 or more. Once you’ve come up with some creative popcorn recipes, get your name out using your social media accounts, and use digital marketing as an inexpensive way to spread the word. You will also want to connect with a party planner or two, restaurants, and other food-related businesses to offer your product as an add-on to their services.
More Small Business Ideas.
Those are my 58 favorite small business ideas. Here are some more to pique your interest.
59. Craft Beer Pub. Open up a craft beer pub and serve your own brewed beer, host events, and build a fun spot to hang out in your community. Any business that fosters community is a business that can build quickly.
60. Home Bakery. Starting a bakery from home is the best way to test baked good ideas. Every successful business idea starts small, so don’t be afraid to start baking at home in order to start a side business.
61. Meal Prep Service. Want to start a business that has a subscription model? Meal prepping is a rising industry that operates on recurring revenue model. If you are looking for a business that can compound, this is an option for you.
62. Home Chef. Similar to baking from home, being a home chef is a way to use your skills for starting a side hustle. Busy people and families are always looking for people to come to their home and help them. You have child care service providers, cleaners, and even chefs.
63. Art Lessons Teach hobbyists’ or kids art. It could be anything you know how to do from painting to pottery. Don’t over think it. If you have a skill in any art at all it can be a great option.
64. Knitting Club Knitting clubs are not only reserved for your grandma. If you know how to knit, don’t underestimate the potential here for people wanting to learn how to knit as well and join a like-minded club.
65. Custom Embroidery Business. Embroidery has been around forever and it is one that you can actually do from home with a few simple pieces of equipment.
66. Soap and Lotion Making. Making soaps and lotions is easy to do from home and still has room to grow. A lot of popular brands today started as small operations.
67. Flea Market Vendor. If you make any type of small custom goods being a flea market vendor might be something for you to look into. Almost every city has multiple local flea markets that you can set up a booth at.
68. Scrapbooking Services. Scrapbooking is a pain to do yourself which is why this is a great service to offer to families. They want to have family photo albums but they don’t want to deal with putting them together.
69. Antique Refurbishment. There is a ton of value in restored furniture. Being able to take an old beat-up piece of furniture and turn it around is a service that people are willing to pay serious money for.
70. Furniture Making. Good with your hands? Find a way to make furniture for your local community. You could sell it at a local flea market or even online at Etsy.
Home Service Business Idea.
71. Basement Remodeling.
72. House Baby-Proofing Business.
73. Home Landscaping.
74. Garden Consultant.
75. Gutter Cleaner.
76. Aquarium Maintenance.
77. Painting and Wallpaper Services.
78. Irrigation Services.
79. Apartment Preparation Service.
80. Stair Lift Installation.
81. General Handyman.
82. Landscaping Business for commercial businesses.
Outdoor and Sports.
83. Bicycle Repair.
84. Adventure Planning.
85. Fishing and Charter Boat Tours.
86. Buy and Sell Used Boats.
87. Fitness Rental Equipment.
88. Health Club.
89. HR Consultant.
90. Business Plan Template Writer.
91. Financial Planning.
92. Local Marketing Services.
93. Contract Writer.
Steady Income Businesses.
94. Coin-Operated Laundry.
95. Pest Control.
96. Property Management Company.
97. Pool Maintenance.
98. Vending Machine Owner.
99. Real Estate Investment Trusts (REIT)
100. Lawn Care and Landscaping Service.
101. Snow Plowing Service.
102. Start a Food Truck.
103. Outdoor Adventure Business.
104. Chimney Sweep.
105. Fireworks Seller.
106. Halloween Retailer.
107. Canoe and Kayak Rental Business.
108. Miniature Golf Course.
109. Event Planning Business Around Specific Holidays
The importance of understanding what the customer needs.
Starting an internet business is a fantastic concept, but doing so without first knowing your clients is doomed to fail. Due to a lack of comprehension, important details such as whether or not they have money to spend on the goods you’re providing them may be overlooked. It’s critical to understand your consumers, but how can you achieve that? After all, they’re not going to approach you on the street and tell you what’s keeping them from purchasing your goods. The way that many people are going about understanding their customers better is by using surveys. Survey software is readily available online, with some companies even offering free top-quality software for people to use. When it comes to determining what your consumers want, research is critical, but you must also remember to ask the appropriate questions at the correct moments. If your survey is too long, clients will grow tired with completing the same questions over and over again. Start with just one or two questions then see what kind of response you get from them. Be interested in what the people you’re surveying are interested in and remember that even if you don’t think the product is right for them, they might know someone else who would be interested – so do ask for a referral.
What business can I start with no money?
If you don’t have any startup capital, there are still plenty of business opportunities out there. Most of them are ways to make money online by offering digital services. Here are some of the best ones: 1. Start a blog and make money with affiliate programs, ads, online courses, and digital products. 2. Become a freelance writer. 3. Join a platform like Fiverr and offer graphic design services. 4. If you have coding skills, start a business and develop websites and apps. 5. Become an online business coach and sell 1:1 coaching. 6. Join a high-end freelancing site like Upwork and become a social media marketing consultant. 7. Offer other digital services like SEO consulting, PPC management, or content marketing services.
What are the best startup ideas?
If you’re looking to create a startup this year, there are plenty of options out there. Here are some of the best startup ideas: 1. Start a dropshipping business to sell products online. 2. Create a SaaS application and build monthly recurring customers. 3. Invest in real estate and co-working spaces. 4. Start a blog and make money with ads, online courses, and affiliate programs. 5. Start a podcast and sell online ad slots after building up your audience. 6. Start a digital agency and sell anything from web development and site management to social media and SEO consulting. 7. Start a food truck business and find a great location to generate sales.
What are the most successful small businesses?
The most successful small businesses have strong revenue and profit margins. Here are some of the types of small businesses that are most successful: 1. Legal services. 2. Accounting, bookkeeping, taxes, and payroll services. 3. Real estate leasing and sales. 4. Dental offices. 5. Outpatient care businesses. 6. Custom design services. 7. Warehouse and storage companies. 8. Mineral quarrying and mining. 9. Medical laboratories. 10. Secondary schools and education.
What business can I do from home?
With the rise of the digital economy, it is easier than ever to start an online business and work from home. Here are some good options: 1. Freelance writing. 2. Graphic designer. 3. Web developer. 4. Photographer. 5. Social media specialist. 6. Home tutoring. 7. Speaking and coaching. 8. Podcaster. 9. Airbnb host. 10. Virtual assistant.
How can I be my own boss?
If you want to be your own boss, follow these steps: 1. Determine what you want to do and which small business ideas are best for you. 2. Evaluate the market and competition. 3. Make sure you have enough money to start your new venture and set aside capital. 4. Create a business and marketing plan. 5. Choose your business name and create your brand identity. 6. Officially start your business by choosing the best LLC service to form the right type of company. 7. Get your finances in order by hiring a bookkeeper or using small business accounting software. 8. Set up a business bank account. 9. Start marketing your business online by building a website and creating a social media presence.
How can I earn money fast?
If you need to make money fast and don’t have time to wait for profits, there are a lot of options. Here are some of your best options: 1. Refinance your debt to get a lump sum of cash. 2. Sign up for an online survey site like Survey Junkie to make money filling out surveys. 3. Use investment apps that pay you back every month. 4. Utilize an ecommerce platform to sell products online and get traffic quickly by using Google and Facebook ads. 5. Sign up for a gig economy app like Fiverr and sell digital services online. 6. Create an account with an app like Turo or Spinlister to rent out your stuff. 7. Write and publish an eBook to make money on Amazon. 8. Call your bank and see what kind of account bonuses you can get. 9. Build an online course and sell your knowledge to students. 10. Become a freelance writer. 11. Host a podcast and make money selling ad slots.
What type of business should I start?
1. Find a business that is not overly saturated. 2. Start a business based online. They are only growing in popularity. You can start an Etsy online store, consult virtually, or freelance writing business the options are endless, but you have to start the business that you can actually do. 3. One based on a trend. Every industry has emerging trends so a key factor is finding a business idea that is actually on an upward trend.
Now it’s your turn.
All of the small business ideas mentioned above can help you earn a decent income even with a low startup cost.
Ultimately, I recommend you start something online like a blog, ecommerce business, or consulting firm, as these are less susceptible to market shifters like Covid-19.
Disclosure: I may receive affiliate compensation for some of the links below at no cost to you. This site is not intending to provide financial advice. This is for entertainment only.