Young and aspiring entrepreneurs have been looking for growing and emerging markets worldwide that they can dive in. These individuals are ready to create a difference through their new ideas and thoughts.
They can do that by creating new technology or a positive customer experience through their business. So then, here are the best business opportunities across the world that you can target to change your life and make a positive impact on society.
Airbnb Renting: This is ranked among the top local business niche opportunities. Finding clients to rent your spare bedroom or unit can be challenging. However, expanding your target to include travelers can be an excellent opportunity. In fact, you can charge them close to a hotel’s day rate and work at getting a whole month’s booking. This kind of booking is more profitable than renting out your unit to a tenant through the traditional way because the charges are way different.
App Creation: There are numerous app creation opportunities in the market because businesses use the web and mobile apps to engage with their customers. Also, you can build entertainment apps like online games or useful applications like meals prep, to-do lists, budgeting and more. This is a perfect business opportunity for those aspiring entrepreneurs with programming skills. Still, individuals without technical skills can hire developers from freelancing platforms such as Fiverr, Upwork and more. You can also take an online app development course and learn how to create unique apps, thus reducing the cost because hiring a developer can be expensive and reduce your profit margins. Next, you can promote your apps on your social media, blogging and influencer marketing.
Blogging: Generating and publishing articles can be a good source of income. It gives you the opportunity to engage in affiliate marketing, influencer marketing, sponsored posts and more. Still, you can make passive income by writing articles and placing ads or affiliate links within the content to market other companies products. Because blogging has many potential income sources, you can create a website and use content to drive traffic.
Customer Support: Several companies have switched from working in the office to teleworking. As a result, employees are required to focus on the core role in order to hit their targets while minor tasks are outsourced. So launching a customer support business can help you get such opportunities where you handle other companies’ customers’ queries via email, chat, phone or social networks. You can also hire remote chat specialists when you get many companies interested in your services in order to expand your resources. Still, you can create a remote-friendly customer support firm where your team work from their home office.
Cryptocurrency Investor: This has become a popular business opportunity in recent years, but it’s yet to reach its peak. Many are interested in investing in cryptocurrency but are not sure how it evolve and grow. However, you can generate a lot of return by investing here because more and more organizations are accepting cryptocurrency as payment. It’s important to do your own research before diving here because there are risks involved, and losing money is possible. Also, it’s important to know that great business opportunities have some risks, but you can minimize them when you do your homework well.
Dog Walking Business: The pet industry witnessed tremendous growth during the pandemic as many people adopted more animal companions during the lockdown. So today many people own dogs than in previous years. This has caused the dog walking business to rise, particularly in major cities, as many pet owners realize their animal companions suffer from separation anxiety. So if you’re passionate about dogs, you can walk more than two dogs of the same size at the same time. This will help the pets get some fresh air, socialize and have a good experience while their owners are working or on vacation.
EBooks: You can teach others a new skill through a digital book (eBook). Unlike a printed copy, eBooks are sold at a low price and are easy to market online; however, they offer the same level of education as a hard copy. Further, it’s very easy to start writing an eBook, and you can sell them on major online platforms such as Amazon. Still, you can donate some copies to NGOs passionate about the topics or who believe in your cause.
Ethical Hacker (Cyber Security): Cybercrime has grown in recent years due to increased internet usage. Starting a business to provide cybersecurity solutions can earn you a decent income and help many companies secure their data. Ethical hacking is different from what cybercriminals do. Its objective is to prevent major hacks and cyberattacks targeting big brands.
Food Delivery: This is a growing business opportunity lately due to the impacts of the Covid-19 pandemic. As a result, you might notice several food delivery services near you, but still, the market is big. Many working parents with a couple of kids may find it challenging to prepare healthy meals for their families. So you can drive, bike or walk to deliver healthy food in people’s offices or homes. Still, you can hire people to cook and deliver homemade meals to your customers or open a restaurant or convenience store. People can order via social media, website or phone calls and then pass by to collect or deliver at their home or office.
Housekeeping Business: Housekeeping and cleaning are two jobs in high demand because working professionals are looking for people to keep their homes tidy when they’re working, travelling or on vacation. You can launch a business and hire cleaners to keep your customers’ homes clean. While you pay your workers hourly, you can earn a sizable income if you maintain a good client base and offer high-quality services.
Influencer Marketing Services: This is a modern business opportunity for individuals with a massive social media following. Brands partner with content creators, celebrities and industry leaders to promote their products and services to their audience. Partnering with affiliate programs can also help you grow your audience, thus driving more business opportunities on your way. Therefore pick your niche or a specific topic and start generating content and posting them on your various social accounts. Soon brands will notice you and begin working with you to promote their products.
Online Course Creation: Covid-19 pandemic expanded the online learning opportunities as schools closed, and students and teachers were forced to engage through digital platforms. Also, institutions of higher learning are offering courses online, thus allowing people to take to the internet to learn. As a result, the e-learning market is expected to continue to grow and so creating an online course on various topics can be a life-changing venture. You may create these courses yourself or work with freelancers to generate high-quality content regularly because this opportunity is expected to continue growing.
Personal Shopper: Are you passionate about fashion or any other field? If so, you can easily become a personal shopper for your friends, family and others in your locality. You can focus on those who are busy or unable to buy products for themselves. However, you have to be continually updated and keeping track of what is trending. These are what will make you stand out from any other personal shopper in your locality. Still, you can ask your clients to experiment with your selections to see whether they will boost their look and confidence.
Photography Business: Do you have a camera or a smartphone and enjoy taking pictures? If so? Launching a photography business is an ideal option for you. You can make a decent income by focusing on a niche with good demand, such as wedding photography, birthday parties or corporate events. Still, you can register with a stock image website such as Brust library and sell your photos to entrepreneurs looking for images to add to their content in their blog posts or website.
Print on Demand: This involves designing, and printing products, packaging them and shipping them to customers. Still, you can partner with a supplier or manufacturer who will print your designs, package and send them to your customers. This allows you to sell a single product that you have designed, thus no competition.
Social Crowdfunding: This is similar to micro-lending platforms, but crowdfunding allows social entrepreneurs to get funding for their projects. You can engage in social crowdfunding by creating a platform that lists humanitarian projects and look for individuals with a similar interest to fund them. While you don’t charge them any fees or interest, you may get a lifetime membership to their company projects or allow you to feature them in your content, website or social networks, which can drive traffic to your business or platform.
Tutoring Business: The education space has witnessed tremendous growth because of the Covid-19 pandemic. Actually, getting tutoring opportunities is now easier than years before the global health crisis. With a computer and stable internet connection, you can offer online classes to students across the world through video conferencing applications such as skype and zoom.
Web Designer: Billions of companies are moving their business online, hence the huge demand for web designers. Using platforms such as WordPress, you can create a website in just 2 hours, and you can find clients on platforms such as Fiverr, Freelancer or Upwork.
Web Flipping: You might have seen a website with huge growth potential and wish to buy it, improve it and sell it again at a profit. Website flipping involves buying underperforming websites from platforms such as Exchange for the purpose and improve it through SEO, content marketing and more. Next is to sell it when it begins to generate good revenue than it initially did. Done correctly, website flipping can be a life-changing business opportunity, especially for entrepreneurs with limited capital.
3D Printing: This is an exciting technology that has seen increased demand in recent years. Based on your budget, you can purchase a new or second-hand 3D printer or still outsources services from established suppliers. This will help you develop prototypes to help small businesses test the quality of their products while keeping their costs low. It’s expected that the price of 3D printers will drop due to increased supply by Chinese manufacturers.
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