If you are planning to start on your own, chances are that you are constantly looking for Best business ideas that will give you high returns without burning your resources too much.
The 21ist century is the era of opportunities. The era in which you can truly express yourself and see your business grow. Conventional businesses aside, in this digital age, making money online or offline is no longer a distant dream for many. Many people already have and there is still scope for many players. But the biggest challenge before Starting up is narrowing down with a single idea amidst a plethora of business ideas you hear on a daily basis.
As digital penetration is increasing globally, competition in the world of online business is also increasing. Therefore, we have prepared a list of best businesses ideas that is in line with the changing trends. You might be thinking why these business ideas are termed Best business ideas? Aren’t there other business ideas that are equally or even more profitable? Of course, there are numerous other businesses that can be included in the list of best business ideas but we are focusing more on those business ideas that anyone can use to create a highly profitable business. Yes, building a steel manufacturing company can be a highly profitable business but it isn’t something everyone can do. So this list of best business ideas focuses only on those ideas which are in line with the ongoing disruptions in the world of business and can be adopted by anyone who wants to make big in the world of business.
Best Business Ideas You Need To Know
Become a cryptocurrency expert
Cryptocurrency is the buzzword nowadays. If you are a little tech savvy and are into online world, you must have heard someone investing in Bitcoins, which is currently the largest blockchain network, or any other cryptocurrency. However many people who want to invest in a digital currency, do not have proper knowledge about the topic and they are seeking for help online. According to Wikipedia, “A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.”
Cryptocurrency expert doesn’t necessarily mean someone who can assist buyers but also someone who can help crypto currency companies prevent incidents of hacking.
Design a course and sell it Online
Yes, if you are good at anything and you think you are a subject matter expert, you can sell your expertise. The best thing to do would be to create a course and sell it online either on Amazon or through independent channels. For example, if you are an expert in Python, you can create a course like “How to Use Python effectively in Artificial Intelligence” or “Learning Python with ease”. You could be a gardener or a chef, there are many who are willing to pay you if you can teach them do things right. You can design your micro-courses, either video or written course and sell them online.
Recent trend has been to design small video tutorials with a great deal of explanation through graphics
Become a Social Media Strategist
If you have a smart phone, chances are, you must have used Facebook, twitter, Instagram etc. It’s not just individuals but small and big companies that are using social media to drive sales and generate business. If you think you can bring business to these companies through your innovative strategies and bring them more social media followers, you can either approach them to work as their employees or can form your own digital marketing company and provide them third party services.
Social media is the present and the future. Though there is a lot of competition in this field, there are lots of opportunities too. Learn how companies use social media to their advantage.
Become a Search Engine Optimization(SEO) Guru
People who are into online business know how crucial it is to optimize your Site for Search engines like google, bing etc. Due to ever increasing competition, sites which are appearing in the search results for a particular keyword may not appear for the same keyword again. Big and small companies are hiring SEO experts to drive business organically. Being a SEO expert needs proper understanding of Keywords, both long tail and short tail, SEO tools like MOZ etc. Learn how to do SEO for a website.
Start a Dropshipping business
Drop shipping in simple terms mean, when your online store sells someone else’s products. For every successful transaction, you get a commission which is already discussed with the seller. You are not involved in manufacturing or shipping and therefore you don’t have to deal with the headache of complaints from the buyers regarding product quality being poor etc. Also, the entry level cost in this business drops dramatically because you don’t have to maintain an inventory of products.
Do you think there are other ideas that should be included in the list? Drop us a mail and we will include your suggestions in our list.