Video Production
Are you the person who carries a video recorder around with them all the time, or the kid who used to record all of your family's happenings and memories on a video recorder? If that's the case, video production might be one of the best small business ideas for you. With the rise in popularity of video on social media sites and the internet as a whole, those who can shoot, edit, or both are in high demand. Even if you have no prior video experience, such as graphic design, there are a plethora of online courses that can teach you how to cut and edit video using video editing softwares like Adobe or Final Cut Pro.
Also, you can use simple online video editors like Invideo or Pictory in your initial days.
With the growing popularity of video, this is another low-cost business you can start from the comfort of your own home. You'll also have automatic marketing for your production company once your videos are out in the world.
Podcasting
You should consider starting a podcasting business if you have anything to say or important stories to tell. Because of the growing popularity of podcasts among newspapers and other news organizations, private individuals have been able to capitalise on the trend, turning a hobby into a full-fledged business. Podcasting will require an initial investment in audio equipment and editing software, but once you get began, you'll be able to expand your podcast as quickly as you can talk, produce, and, of course, market it.
Furthermore, if you're searching for online business ideas, podcasting can be done from the comfort of your own home and completely online.
Social media management
Most business owners comprehend the importance of social media marketing, but only a few are competent of doing it well. Consider building a client base of business owners who need help to manage their brand's social media platforms if you're glued to your phone, Instagram all your meals, and have most of your conversations in 280 characters or less.
IT consulting
Have you worked with computers or even other types of technology before? If that's the case, put your skills to good use and consider starting an IT consultancy firm. Many small businesses hire an outside consultant to help them install, manage, update, and troubleshoot their technology because they have limited allocated budget. As an IT consultant, you'd most likely be able to provide both remote and on-site services, giving you more freedom and flexibility while working in a high-demand field.
PR agency
A PR agency might be the ideal business idea for you if you have a background in public relations or simply have a wide network and knowledge of the business world. Small businesses, like some of these other B2B examples, frequently hire PR firms to assist with their public image and presence, which includes business marketing, events, press releases, outreach, and more. Your services will be even more attractive to businesses in that industry if you have a network of contacts in that industry.
Ice Cream Shop
Going out to a local ice cream shop and getting a delicious ice cream cone – or even better, a big hot fudge sundae – is hard to beat! While business may be brisk in the summer, you'd be surprised at how many people – including myself – will seek out an ice cream treat in the dead of winter!
So, what factors influence success? Fantastic ice cream! To succeed, you don't need a lot of flavours or specialty products, but whatever you do have to be fantastic! Why? Because if it's not good, no one will come back for a second chance.
Is it important to consider the price? Not at all. Why? Because if people were truly concerned about cost, they would go to the supermarket, purchase the cheapest ice cream, and eat it in their own backyard. So prioritise quality over quantity.
It is important to choose the right location. Unlike many of the other businesses on this list, digital or other forms of marketing will not be as important as a good location. So you're looking for a good, visible location. It does not, however, have to be large or perfect.
Gift Basket Business
Because I enjoyed some of the gift baskets my brother sent me, I decided to send out a few of my own this past Christmas. I started by looking up “gift baskets with Champagne” on Google. This search led me to a newspaper article, which led me to a small business selling a massive “gift basket” based on a four-foot-long Santa Claus sleigh. Sure, it was a little pricey, but what a statement it made!
Gift baskets are relatively simple to put together. You're basically repackaging other companies' products. However, the presentation must be stunning. Your website must also be visually appealing.
You must also increase traffic to your website. Using SEO to target the most popular related search term “gift baskets” is almost certainly doomed to fail. Instead, concentrate on three or four less competitive word combinations. You also want to include email and social media in your marketing strategy. My purchase was followed up on by email campaigns from the gift basket companies I purchased from.
You can also sell your gift baskets on well-known platforms such as Etsy or Amazon. I'd also think about selling your gift baskets to stores. You can learn how to make compelling sales presentations to potential sales outlets for your products even if you've never done it before.
Online Courses
It's no surprise that online courses are becoming a huge business. They're a fantastic way to learn whatever you want to know quickly and effectively! Online courses can be viewed at your leisure and even on your smartphone.
In an online course, you can teach almost anything. Professional abilities, business abilities, artistic abilities, lifestyle abilities, and more! In general, I recommend focusing on a topic that is as narrow and specialized as possible. A larger topic may appear to have a larger audience. However, a smaller audience will usually provide a better income opportunity.
In general, the more specialised the courses you offer, the more willing people are to pay for them. I've seen a lot of people offering specialized courses for $500 to $2,000 per course. Typically, courses last between 4 and 10 hours. In general, I recommend that you take this specialized course, which is relatively expensive.
