Best Trending Business Ideas – With so many business ideas in 2023, it can be difficult to know which ones are worth pursuing.
While jumping on a new trend can sometimes be risky, it can also be very rewarding. You may notice that many of the ideas on this list have gained popularity recently. Others have been popular for a long time, making them more competitive but less risky. But all of the small business ideas below will help you make money.
Best Trending Business Ideas
If you have been asking yourself what business to start, then this list is for you. According to small business statistics, one of the biggest motivations for starting your own business is being your own boss. Owning a business gives you the freedom to work when, where and how you want.
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Do you want to work on the beach or at grandma’s house? Keep going, no one is stopping you or questioning you. This is the dream life that many people hope to live one day, and with great business ideas, achieving this lifestyle can be within reach.
Want to sell products online but don’t have the money to buy and store inventory? Consider dropshipping! Dropshipping is an e-commerce business model where you don’t need to handle any physical products.
All you have to do is create an online store and work with suppliers who are ready to store, pack and ship orders to your customers. No need to spend hours researching products because you can use dropshipping apps like Automizely to find great products to sell.
Check out this dropshipping course from Shopify to learn more about selling online without inventory. If you’re looking for simple online business ideas, you’d be hard-pressed to find anything better than dropshipping. If you have access to the right tools and resources, this is one of the easiest businesses to start.
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The biggest reason people are often drawn to dropshipping is that you don’t need to maintain inventory. However, if keeping stock is not a problem (there may be plenty of room in a spare cupboard), you may consider buying products in bulk.
Online marketplaces like Handshake allow small business owners to find unique, high-quality products and build long-term relationships with suppliers. It’s worth trying as an add-on to dropshipping if you already know what you want to sell.
Print on Demand (POD) means you sell your own design on items like phone cases, mugs, and t-shirts, but you don’t actually print the artwork. Instead, you work with suppliers who will print your design on the product – package and even ship the item to your customer, so you don’t have to worry about logistics. Plus, you only pay when you sell the products. No sale equals no cost.
One of the fastest ways to get started is to create a Shopify store and install a POD app like Printify. When it comes to marketing, partnering with Instagram influencers to promote your POD items is an effective way to reach your audience. To evaluate whether print-on-demand is right for you, watch our video where we engage in a healthy debate with Wholesale Ted (a print-on-demand company).
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Multilingual people are always in demand, so if you speak two or more languages, consider starting a small business where you can monetize those skills.
You can search for clients on Upwork and Flexjobs and slowly build your portfolio. As you successfully work with more and more companies, you can hire more translators who specialize in other languages to keep things to your liking. It’s also a good idea to promote your business on social media as it can help you reach a wider audience.
Do you only have a few hours of free time each day? Translation is one of the best business ideas you can pursue because it allows you to schedule clients based on when you are available.
Website flipping is one of the new business ideas that excites everyone from work-at-home parents to recent graduates. It involves buying an already running website, improving its design and content, and then making a profit from it.
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There are quite a few places where you can buy and sell websites to make money. Shopify’s marketplace, Exchange , for example, allows you to buy e-commerce sites that you can further enhance with content marketing, SEO, and other tactics. When your website starts generating more income than when you bought it, you can market it for sale.
If you have a knack for cooking and see it as a creative outlet, you can earn a decent income by opening a home catering business.
The initial investment depends on how big an installation you want to have. For example, if you start with smaller events that you can handle yourself, you should be able to start a business for less money.
Most home-based catering businesses start by creating a website, experimenting with local food markets, or joining platforms that allow cooking professionals to earn some profits from their culinary skills.
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Keeping up with a furry friend can be difficult, especially for high-energy breeds with limited access to the outdoors. As a professional dog handler, you will help pet owners in the community keep their dogs happy, healthy and fit.
Dog walking requires no initial investment other than marketing and business liability insurance. This will protect you in case of accidents, bites or unexpected lawsuits. It’s a good idea to charge rates that reflect your insurance costs, with an average range between $30 and $60 per hour.
You can set up your dog walking business on a number of platforms, including Wag! , Rover and Care.com. Offer promotions to new clients and build a positive reputation by asking for reviews from those you’ve worked with in the past.
One of the most successful business ideas is to offer virtual assistant services. Everyone from large companies to sole proprietors needs help with the day-to-day running of their business. You can use your excellent organizational skills to take some of the weight off their shoulders.
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Of course, you get paid for the time and effort you spend answering emails, scheduling meetings, and doing other administrative tasks.
You can get your first clients by responding to offers on platforms like FreeUp, PeoplePerHour or Virtual Assistant Jobs. This is a proven business model as people are constantly looking for effective virtual assistants.
Do you often get compliments on fashion trends? Are you someone friends and family go to for clothing advice? Personal shopping can be a business that builds on these skills.
Personal shoppers find clothes for customers who don’t have time to shop for themselves. Responsibilities include assessing your client’s wardrobe, visiting websites and selecting items that suit them. There are all kinds of products in various online clothing stores, so you don’t necessarily need to shop offline to start this business.
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Plus, you don’t need any special certification or degree to become a personal shopper. If your interests lie in low investment business ideas, personal shopping may be the perfect avenue to consider.
Contrary to popular belief, it is entirely possible to turn auto detailing into a full-time business. The average profit from auto parts ranges from $50 to $400 per vehicle, which means you can make a healthy profit if you find repeat customers.
The key to success in the automotive industry is marketing. You must spread the word about your services through your website or social media platform and encourage regular reviews as well. Try offering discounts for new customers or packages for those who commit to multiple sessions.
All you need to get started are cleaning supplies and a driveway. You might consider getting certified through the IDA or taking a craft workshop to improve your skills.
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If you are an expert in art, math or any other subject, you can start with online tutoring. A bachelor’s degree in the subject you intend to teach is a prerequisite.
You can find online tutoring clients on sites like Skooli and Tutor.com. To get the best results, you should always learn subjects related to your area of expertise, as you will be able to share your skills and constructive knowledge to improve your students’ own knowledge. You can lecture and communicate with your students via Zoom, making online tutoring one of the easiest online businesses to start.
Greeting cards are always in style, so if you have a great sense of design or just love to display your artwork on physical objects, this is one of the best creative business ideas for you.
Before you start looking for clients, you need to have a handful of proposals ready. Tools like Photoshop and Canva make it easy to create your own card designs. In addition, you need to stock up on consumables needed to create postcards (ink, paper, etc.).
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Pro tip: If you want to keep costs low, consider buying supplies in bulk. Once you have inventory, you can start generating income by promoting your business
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