We are very fortunate to live in a borderless world full of opportunities. If you want to replace your income, build a side income or build a business, here are 10 business ideas to consider.
Start your own ecommerce business by selling products online. You can set up your own online store on platforms like Shopify or BigCommerce, plus you can set up a store on other marketplaces like Amazon. This will allow you to access huge marketplaces of buyers without having to advertise your products.
2 Marketing Services
Learn digital marketing – from social media to advertising. Digital marketing services are high profit services and you only need a handful of clients to make a full time income working part time hours. Learning digital marketing can provide a full time income, side income, or you can scale up and build up your own agency.
3 Local services
Provide local services for example pet care, dog walking, childcare, tuition, Uber, Lyft, Deliveroo, AirBNB etc. There are many services people will buy – do some research in your area and find out what is in demand.
4 Online services
Online services such as VA or virtual assistant services are always in demand and can be provided worldwide so you are not limited by your geographical location and can run a small business if you want to provide the services yourself, or you can scale up if you want to hire a team.
5 Online training
Do you have any skills, expertise or knowledge that would be valuable to others? Either as an online tutor or coach, or by producing an online course or training program for example on platforms like Udemy.
6 Craft and design
Are you creative? Do you enjoy craft and design? Craft gifts like jewelry and personalized gifts are popular and you can reach millions of buyers on craft marketplaces like Etsy and NotOnTheHighStreet, in addition to other marketplaces like Amazon and Ebay.
7 Sell a service
What services could you provide either online or in person? There is a huge shift to online services for different sectors such as music tuition and personal training, hypnotherapy etc.
8 Affiliate marketing
Affiliate marketing is a huge mainstream industry and many leading brands have affiliate programs. Affiliate marketing simply means promoting products or services via your own unique affiliate link. Sales made via your affiliate link are tracked and commission is paid directly to you. Affiliate programs include platforms like Amazon, sports brands, beauty, hair, makeup, home furnishings, financial services, fitness and many more. Whatever your area of interest, you will be able to find an affiliate program in that niche.
If you enjoy creating social media content and building an audience, you can become an influencer and work with brands to promote their content, brand, products or services.
If you enjoy doing deals, you can become an intermediary and work with different service providers and customers. For example SEO or search engine optimization is a high price service, frequently purchased by business owners worldwide. If are good at deal making and finding new customers or clients, you can act as the broker and find new customers, which you then outsource the service fulfilment.