Top 10 Small Business Ideas of 2020
Feeling bored with your regular nine to five job and looking to start a business? Are you looking to start an additional source of income? Or, do you want to start a small business in full swing to turn it into your career?
The idea of starting a business can be exciting and all it takes is time, effort, money and a fresh idea. We can definitely help you with the ‘idea’ part.
let’s start with 10 Small Business Ideas of 2020 that can help you get started.
Cooking/Baking: This does not need a large capital. If you already have the skills, you’re ready to go. Make a slow start. If necessary, work from home. Select your preferred grit, such as braising, stewing, steaming, baking, roasting, grilling, etc. Start with 2/3 items and start delivering. Everyone likes a well cooked home cooked meal. Advertise within your known area and let your kitchen do the rest.
Tutorships: This is probably the most well-known source of income, although most of us don’t try to take it to another level. Tutoring is not limited to academic teaching. It can be a great business opportunity with these additional steps:
– You know how to play a musical instrument? Show your skill.
– Can you make small but practical crafts? Teach your techniques.
– Good at editing or designing? Show your skills.
– Able to sing, dance, art, cook, or anything like that? Show your experience.
– Are you confident in applying your makeup correctly? People always ask, how come your good looks are always so perfect? Show your domain.
– Do you know how to click the perfect picture? Teach your knowledge.
In short, find out what you know because there are a lot of potential students looking for your service. Remember, learning will never go out of style.
Baby sister: I bet you have spent a good chunk of time taking care of your nephew and nieces. Now is the time to use that experience. Keep an eye on the kids when their working parents are too busy to do so. Turn your family and friends into ambassadors of your brand in this case.
Interior designer: Are you fascinated by a beautifully arranged house? Then start learning of course! Online courses on interior basics aren’t too hard to find. After collecting enough knowledge, start doing small projects, take pictures, make a portfolio and open a website or online page or distribute brochures if necessary. The need for virtual assistants is huge in rate.
He breaks the norm by saying that interior designers are only for the rich. Provide your service in all possible ranges and you will see your business booming. Due to the increasing demand, you can consider interior design as one of the best among 10 Small Business Ideas of 2020.
Personalized jewelry: Do you have a thing for jewelry? In that case, this business is for you. The opportunity in this field is huge with its growth projected at 5-6% per year. From gold to wood, no piece of jewelry will ever go out of style. This is perfect for a small capital side business. Due to the growing popularity of personalized jewelry among fashion-seeking women, this can be considered as one of the best among 10 Small Business Ideas of 2020.
Develop an app: There are apps for anything and everything these days. From finding all your essential files to finding a good night’s sleep, there’s an app to the rescue. With coding skills or no coding skills, learning how to develop an app will only bring you potential business opportunities. Start with a little market research and you’re off to a great start.
Translator: Now is the time to put your language skills into practice.
The employment of translators is projected to grow 19 percent from 2018 to 2028, much faster than the average for all occupations. If you know more than one second language then you are in luck and highly sought after.
Create your channel: A YouTube channel can earn around $3 to $5 per 1000 views. A successful YouTuber can earn millions from a single video. If you are willing to do so, this can also be your only source of income. Therefore, this idea can be considered as a demanding idea among the top 10 small business ideas of 2020.
If you’re passionate about travel, standup comedy, music, dance, animation, teaching, creating, or anything like that, start sharing with the world.
Learn about YouTube’s guidelines and learn about its tools. A decent location and a good camera can increase your earning potential.
Ghost write: Every ‘BoJack Horseman’ fan knows Diane and how she was a successful ghost writer. She was never without a job and neither will you be if you have a passion for writing. A ghostwriter may not get credit for her work, but it’s a lot of money.
Many started out as a regular ghostwriter and ended up having influential careers. On average, a skilled ghostwriter can earn $20,000 per project and more than $50,000 if the client is a celebrity. Beginners on average earn around $5,000 depending on the topic and length of any text.
Freelance content writing: Content writing is undoubtedly one of the top 10 small business ideas of 2020. In this age of digital marketing, content writers have their fair share of demands. If you have the ability to formulate a well-structured story or article, this startup is for you.
One can write content for a variety of things like web content, blogs, social media, ads and sales copy, expert or industry writing, journalistic/news writing, creative writing, etc. An experienced content writer can earn between $1,000 and $5,000 per month.
If you’ve already decided to start a small business, great! Don’t delay, pick one of the 10 small business ideas of 2020 above and get ready to take a leap into the great space of business!