With the recent global pandemic that saw many of us locked indoors for days, a lot of people came up with different business ideas to sustain their livelihoods as well as keep busy.
These days people are no longer interested in working 9-5 jobs, they wish to start up their businesses.
Most persons no longer rely solely on one stream of income, they find various ways to get more money to meet up with their daily expenses.
The good news is that anyone can start up a business without requiring an extensive education or huge capital.
In this article, we’ll be discussing the best startup business ideas for anyone interested in starting a business, we’ll be discussing home-based business ideas, businesses ideas you can do online, and remotely.
Read through and find where your niche lies.
Read This Article: Top 200 Business Ideas In India | 2022 Full List
Can Anyone Startup a Business?
There’s no rule anywhere that restricts anyone from having a startup or a business. If you intend to have a startup that means you have an idea that you think is of benefit to people.
There are several questions you should ask yourself before having or starting a business such as:
- Do I have the capital to establish a startup?
- What type of business do I want to do?
- Am I willing to dedicate my time to running and managing a business?
- Who are my target audiences?
- What type of marketing strategy do I need?
- How do I promote my business?
- Who are my competitors?
These and several other questions are things you should research before deciding if you’re fit and ready to own a business. Nobody is born with a special entrepreneurial gift, it only requires defining your goals and objectives.
Advantages of Having a Startup
There are a lot of benefits attached to having or starting your own business and they include:
One of the benefits of having a startup or business is that it creates independence. You get to call the shots and be the boss, you’re not under anybody.
Since you’re the founder of your business, you make decisions on your own without consulting anyone.
2. Flexible Schedule
Having your own business means you can decide how you want to operate. You own your time.
You can work at any time in the day you prefer without getting a query or threats of getting sacked.
3. Select your Team
Working with a team in an organization can be very tasking at times because everyone has their views and opinions on how things should be done.
Having your business gives you the advantage of selecting the team members that will work with you and have an interest in the company.
4. No professional ceiling
As the owner of your business, you don’t need to wait for years to get promoted neither do you need to work hard or do things you’re not comfortable with before you can get promoted.
Starting your own business automatically makes you the CEO or manager of the business.
5. Set your Workspace
As a business owner you can set up your workspace, you don’t need to worry about sharing a small office or working in a tight cubicle.
You can decide to work from home, set up your own office at your business place, or work while traveling, it all depends on the type of business you do.
Disadvantages of Having a Startup
Everything that has an advantage also has a disadvantage. While there are a lot of benefits attached to having your business, there are still some difficulties you’ll encounter along the line.
Below are some disadvantages of having a startup:
1. Multiple roles and responsibilities
At the initial stage of your business, you might not have enough manpower so you’ll be performing most of the tasks like accounting, human resources, sales, marketing, and other functions alone until you finally have a team that can handle these roles.
2. High Risk
There are lots of risks involved in starting up your business but financial and legal risks.
Therefore, you should research thoroughly and draft out a good business plan before starting. If you cannot plan then you should get ready to lose your business.
Having your own business means you’ll not have any boss to check up on you regularly to ensure you meet up with the organization’s goals now this is where discipline comes in.
Without discipline, perseverance, and determination, you might be tempted to call it quits.
4. Work-life Balance
Having a flexible schedule doesn’t translate to you being less busy.
In fact, as a business owner, you’re going to be working in the evenings, weekends, and even during vacations most times especially if you’re just starting.
Having a business does not mean you automatically have good leadership skills.
Most times you might find it challenging leading people especially if you’ve never done it before but there’s no need to fear because leadership is something you can learn and develop over time.
After knowing several questions you should ask yourself before starting a business and the advantages and disadvantages associated with running your business, here are some business ideas you should consider if you’re interested in having a startup.
20 Best Startup Business Ideas To Make Money In 2022
The following are the best business ideas for you to make money in 2021:
- Logistics services
- Food Ordering System
- Real Estate
- Chatting Apps
- Event Management
- Laundry Services
- Affiliate Marketing
- Sell Courses Online
- Social Media Influencer
- Translation Services
- UI/UX Design
- SEO Consultancy
- Start YouTube Channel
- Jewelry Making
1. Logistics Services
Starting a logistics company is a great business idea that will make you lots of money especially in this age where people hardly have time for little errands. You can help people and companies deliver or pick up products.
If you have a car you can start up this business or you can partner with someone that has a vehicle or motorcycle and then when you get enough capital, you can acquire your vehicles.
2. E-commerce Store
The E-commerce store is becoming the trend these days because a lot of people now buy things online. Most people don’t have the time to go to physical shops so instead, they opt for online stores.
You can start by advertising your products on Facebook, Instagram, or any other popular social media. You can even get a website for your business and as you expand, you can showcase other vendors as well.
3. Food Ordering System
Ordering foods from different restaurants and eateries have become the norm these days, if you have enough capital to build and develop a food ordering application or system, then this is another lucrative business idea you can venture into.
You can enlist the best restaurants and eateries on your app, including the types of food they have as well as their prices.
4. Real Estate
This is a cool business idea that won’t cost you much to start. People are always in need of houses and landed properties either to rent or to buy them.
You can open up a real estate business where you offer your services to people looking for houses.
You can advertise your business on different social media platforms to get more customers. This could either be an online business idea or you can get a small office space if you have the capital.
Opening an accounting firm doesn’t cost much. This business idea can be done from anywhere. You can offer your services to different companies and people.
For a start, you can provide services such as the preparation of financial statements, bookkeeping, statement of cash flows, and other monetary services.
You get to decide how much you’ll charge for your services. It won’t cost much to start this business and the more clients you get, the more money you make.
6. Chatting Apps
Tech startups are the trends these days. People need faster and cheaper ways to connect to as well as chat with people who are not close by.
You can design and develop a social media messaging app for users to communicate with. Check out similar apps like WhatsApp and Facebook.
This business idea is a great way to make money however, it involves a lot of investment. You can also get designers and developers to build the app for you if you have the resources.
Asides from messages, users can also send important images, audio and video files. Ensure that your app works on both iOS and Android phones.
7. Event Management
Event Management is a very lucrative business idea. Events like birthday parties, weddings, anniversaries, etc. are hosted every day and these events involve some planning and management.
If you’re skilled in organizing and managing events, then you can start this business.
You can build your client base by advertising your services on different social media handles.
8. Interior Decoration
This business idea needs a creative spirit. Interior decoration involves the process of arranging and designing the home or office attractively and comfortably.
As an interior decorator, you select the colors, furniture, curtains, artworks, and other ornaments that will make the home or office stand out.
You don’t need much capital to start this business, all it requires is your skills and good advertisement.
9. Laundry Services
These days people hardly have time for themselves and one thing they will appreciate is a good laundry service to take care of their clothes.
You can start this business with moderate capital. You can either collect people’s clothes and deliver them when you’re done or they bring them over.
Another option is to start this business idea from home. When you’re business grows, you can also decide to build an app or website where people can easily schedule laundry Services.
Another side to this business is that, if you don’t want to do the laundry, you can also develop an app or website that connects different laundry service providers with potential clients. It all depends on your capital.
10. Affiliate Marketing
Affiliate marketing is another great business idea that you can do from home, all it requires is a website or a YouTube channel because you’ll be advertising products and services for companies and brands.
This advertisement utilizes the traffic generated from your website or YouTube channel and the more clicks or traffic you generate, the higher your commission.
Before starting this business, you’ll need to sign up with one or more affiliate networks.
11. Sell Courses Online
Online courses are fast becoming a popular way for people to learn. Lots of people who want to learn new skills go online to search for courses.
If you have a skill you go at and you’d love to share your knowledge for money, you can create and sell online courses.
They’re willing and ready to pay money for a good source of knowledge.
This is a great business idea for people who have large followers on social media.
As an influencer, you promote brands and their products on your page. You get to charge any amount per post.
Becoming a social media influencer first requires much, you only need a large number of followers. It is also a good online business for anyone.
13. Translation Services
If you’re very skilled at more than one language especially English, you can become a translator for different businesses around the world.
You get to decide how much to charge per job.
Translating gives you a very flexible schedule and as your business expands, you can hire more translators. You can find jobs on Fiverr or Upwork.
Tutoring is another great online or home-based business idea you can do from anywhere. If you’re good in any subject like mathematics or sciences, or you have excellent skills, you can start up your own tutoring business.
You can either choose to set up an online presence or start from home.
Also, you get to decide how much you want to collect per hour or week, it depends on you. You can also employ more hands when your business grows.
15. UI/UX Design
The need for experienced user interfaces and user experience designers is increasing every day. Apps and websites are built and developed every day and without designers, the job will be incomplete.
If you’re skilled in this field you can start up your design agency, but if you lack prior experience, then there are lots of online platforms offering these courses online.
It doesn’t cost much to learn. UI/UX design is a business idea that you can either do in person remotely or online.
Blogging is another popular business idea that is in demand today. This involves writing and sharing outstanding, interesting, and useful topics to target users.
If you have great ideas that could captivate your audience, then you can start up this online business. You can add more writers when your business expands.
17. Yoga Classes
If you’re very good at yoga and you’re certified to train other people then you can start up your yoga classes. Individuals and companies now pay a great deal to yoga instructors to keep themselves and their staff in excellent health.
It doesn’t cost much to become a yoga instructor and you can start up this business idea online and from home.
18. SEO Consultancy
SEO is a great marketing strategy that helps boost traffic to sites with useful content.
If you’ve got the right skills to help businesses and bloggers attract more traffic to their websites, then you can start up your SEO consultancy agency.
19. Start a YouTube Channel
YouTube videos are very popular today. It is a video search engine similar to Google. You can find various contents on YouTube on ‘How Tos’.
If you have a skill you’d love to share, you can start up a successful business creating and uploading videos on YouTube. The more subscribers you have, the more money you make.
20. Jewelry Making
A lot of people fancy jewelry. This is one cool business idea that will never go out of fashion. People always need jewelry to complete their outfits.
If you’re very creative and you can make beautiful jewelry then this is a great business idea for you. You can start from home, supply your products to various stores, and advertise you’re products online.
Get family members and friends to help promote your business. When you get enough clients you can open up a store, employ more people, and even create a website to show off your products and their prices.
There are lots of business ideas out there today. You just need to come up with an idea that solves people’s problems.
This is a list of some popular business ideas today and you can start any of them with little or no income.
These business ideas are not restricted to any gender, neither do they require a degree. There’s something on the list for anyone, students, stay-at-home parents, working people, etc.
There are also home-based business ideas, online, and remote business ideas. Find where your interest lies and start your dream business.