Amazing Small Business Ideas: Are you looking for innovative small business ideas? Continue reading for great small business ideas to help you to build and grow your business in 2023.
- An online business model is a common way to start a small business.
- Develop a business plan that reflects your passion and knowledge about the business idea.
- Before you start a business, make sure there is demand for the product or service that you are offering.
- This article is intended for anyone who wants to inspire others to start a business.
But you are struggling to articulate your small business ideas. Inspiration is key to becoming an entrepreneur. An idea that can grow over time is the key to success.
It is important to consider the new standard when starting small business ideas in 2023. Although starting a restaurant or retail business might have seemed like a good small business idea in the past, it is worth rethinking your ideas until you see what the next year brings. Think about businesses that are more practical and can help people live their daily lives.
While you will need to develop a solid business plan regardless of the outcome, many of these small business ideas only require a partner in credit card processing to allow payments to be accepted.
This list includes 21 small business ideas that will help you achieve success in 2023. You can review these steps to help you start your business if you decide to go into a particular area.
21 Amazing Small Business Ideas
- 1. Consulting
- 2. Online reselling
- 3. Online
- 4. Online bookkeeping
- 5. Service of medical couriers
- 6. App development
- 7. Transcription service
- 8. Professional organizing
- 9. Cleaning service
- 10. Copywriting and content writing as a freelance job
- 11. Home care service
- 12. Translation service
- 13. Digital marketing
- 14. Food truck ownership
- 15. Lawn care
- 16. Rideshare driving
- 17. Real estate
- 18. Graphic design
- 19. Printing T-shirts
- 20. Dropshipping
- 21. Pet sitting
These small business ideas are available to you if you are ready to start your own business.
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This could be considered one of the best small business ideas if you are passionate and have knowledge about a particular topic. It is possible to start your own consulting company, grow it and then hire other consultants.
2. Online reselling
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This could be considered one of the best small business ideas who are passionate about selling clothing. It takes dedication and time, but you can make it a side business and then grow it into a full-time resale company. Start by selling your clothes at online stores like Poshmark or Mercari. Then you can expand your resale site.
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This could be considered one of the best small business ideas, Entrepreneurs have many options available because of the demand for online education. This online business allows you to choose any subject and teach it, regardless of where you live. You can teach English online to students who do not have a lot of knowledge about a particular subject if you do not have one.
4. Online bookkeeping
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This could be considered one of the best small business ideas. You can start your online accounting service if you are an accountant or bookkeeper and want to be your boss.
5. Service of medical couriers
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This could be considered one of the best small business ideas, You have to be able to drive a reliable vehicle, and you must have good time management skills. You would be responsible to transport medical items such as prescription drugs, lab specimens, and equipment. You can either start your courier company on your own or hire drivers to help you.
Did you know? This is a positive sign for job stability in the medical courier industry.
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6. App development
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This could be considered one of the best small business ideas if you have the technical knowledge and experience. Many Americans use smartphones as a daily accessory, so there is a greater demand for mobile apps. Virtual reality software is also very popular, which means that there is a high demand for VR app development.
7. Transcription service
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This could be considered one of the best small business ideas, A transcription service allows you to work remotely if you can type fast and have good hearing. Because voice recognition technology is rapidly improving healthcare provider dictation, medical transcription services are in high demand. You can accept as many or as few transcription jobs as you wish, even if you do not want to take on all the work immediately. You can increase your business prospects by becoming a certified transcriptionist and delving into some specialties to justify higher rates.
The average cost of medical transcriptionists is 6 to 14 cents per page. This adds up quickly. It takes 24 hrs. to complete transcription work so be sure you are aware of what jobs you accept. You can accept a limited number of requests at first so you have the flexibility to scale up when you are ready. The best part is that there is minimal startup cost and overhead. Only a computer and the right software are required.
8. Professional organizing
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Are you looking for a business idea to bring joy and create joy? Marie Kondo and other professional organizers help people to declutter and reduce for a living. Many people want to reduce their possessions and get control of them in this age of materialism. Although minimalism is becoming increasingly popular, many people find it difficult to let go of things they have owned for a while. Professional organizers help clients create a system to downsize.
You might find coaching others useful if you are a very organized person who likes to make spaces comfortable and functional. You can help people organize their belongings and keep them organized by charging them a fee.
Ask your clients to take before and afterward photos of the areas in their homes that you have organized to promote your business. You can then use these to create a portfolio you can post on social media to get more clients.
9. Cleaning service
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You can turn your passion for cleaning into a profitable business. You can provide cleaning services for homeowners, apartments, and commercial properties with a couple of staff members and a variety of cleaning supplies. Most cleaning services charge between $25 – $50 per hour. Cleaning services are a simple business that requires little overhead. You only need to plan, dedicate and market your cleaning service to get customers.
You can add premium services such as exterior power washing or floor waxing to your cleaning service to make it stand out from the rest. These services can make the difference between your new cleaning company and established companies with too many clients to offer that level of cleaning.
10. Copywriting and content writing as a freelance job
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You can become a freelance copywriter or content creator if you are a natural wordsmith and have some marketing knowledge. Many companies will pay you to write blogs, web content, or press releases. You can increase your value by sharing SEO knowledge with clients to help them craft strategies around keywords that their target audience uses in their online searches. While most freelance copywriters charge between $40 – $50 per hour, those who are experts in a particular vertical may charge more.
You can make a living as a freelance copywriter by providing an internet connection. You can work from your home or on the road if you are traveling. You could make freelance writing your full-time job if you have a strong network and can get referrals from satisfied customers.
11. Home care service
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This could be considered one of the best small business ideas. An education in hospitality and caregiving can be a great asset to housebound seniors who need in-home support. This service is in high demand and will only grow. The National Institute on Aging projects that between 2010-2050, the global 85-and-over population will grow by 351%, while the global number of centenarians will increase tenfold. Many people will require care and assistance, sometimes in their own homes.
You do not have to be a healthcare professional to help seniors while also running a business. However, those skills will still be needed. Seniors need assistance with many tasks such as house repairs and errands. You could grow your business and offer services to seniors who are moving from their homes into assisted living facilities.
12. Translation service
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IBISWorld research shows that the translation services industry suffered a decline in 2020. However, IBISWorld projects a “major increase” for the industry over five years. This is not surprising as entrepreneurs from other countries have been able to access English-speaking markets.
Multilingual speakers can now offer services such as document translation or the translation of website information to other languages. You could find a niche in translation services if you are fluent in several languages.
13. Digital marketing
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This could be considered one of the best small business ideas. While the internet is becoming more important every day, it is also becoming harder for businesses to make their online presence known. Many small and medium-sized businesses prefer to outsource digital marketing services rather than hire expensive in-house staff. You could be able to start your own business if you are skilled in content marketing, SEO, pay-per-click advertising, web development, or social media management.
Digital marketing is an integral part of any brand’s marketing strategy. You will need to be responsive to changes in your clients’ strategies. Social media management involves monitoring for comments and messages throughout the day, rather than scheduling posts with a “set-it-and-forget-it” mindset. Digital marketing is a great business if you are good at planning and executing marketing strategies. Affiliate marketing is another type of digital marketing.
14. Food truck ownership
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A food truck is a great option for aspiring restaurateurs, as indoor dining is limited in many places right now. Food trucks come in many sizes and offer a variety of foods and cuisines. You can take your favorite food truck and make it a selling point for hungry customers. You will work, sure, but it will be something you love and an opportunity to meet people with similar interests.
Although food trucks may sound crazy, the industry is expanding. A truck costs significantly less to maintain and overhead than a restaurant and has the added advantage of being mobile. Check out our recommendations for POS systems to use for your food truck.
If you are interested in making smiles and starting a food truck, read our guide on how to do it.
15. Lawn care
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Chances are that your parents taught you how to maintain a lawn if you were raised with one. While lawn care can be a chore for many, it can provide a sense of serenity and peace for others. It can be rewarding to work outdoors, taming and beautifying the natural environment. This can also prove profitable, even though many find it tedious.
A trailer, basic equipment, and a few staff are all you need to provide lawn care services. This depends on the number of clients and the size of the job. A small lawn care company can be transformed into a full-service landscaping business by offering premium services. This will allow you to build a reputation for doing a great job and smiling. This could be the right business for you if you enjoy working outside and creating beautiful landscapes.
16. Rideshare driving
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This could be considered one of the best small business ideas. Rideshare drivers can use your car as a vehicle for this purpose. You have the freedom to work as little or as much as you like, with no overhead or responsibility for running the company. Side hustles such as Uber or Lyft can be started with rideshare apps like Lyft and Uber. All you need to do is drive people around and have a friendly conversation.
Without the burden of managing behind-the-scenes logistics, rideshare drivers can have the autonomy of small business owners. Ridesharing may be a good way to get started in entrepreneurship if any of your other ideas require too much effort and upfront capital.
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17. Real estate
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Navigating the housing market can be overwhelming for many. You can help people find their dream home at a budget-friendly price by being a real estate agent. To become a real estate agent in many states, you will only need to take a few months of classes as well as pass an exam. You will need to be able to communicate well with people, even if you have a certificate. [Refer to related article: How To Become A Real Estate Agent]
18. Graphic design
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This could be considered one of the best small business ideas. All businesses, whether they are sole proprietors or corporations, need attractive promotional materials. But not everyone has the eye for designing great materials. You can start your own graphic design company if you are an artist and can arrange content pleasingly. Graphic design does not require any other tools than a computer and a desk.
19. Printing T-shirts
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This could be considered one of the best small business ideas, You might also enjoy screenprinting other people’s designs onto T-shirts, just like graphic design. You can acquire all the tools you need to get started if there is enough space.
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This could be considered one of the best small business ideas, Some companies do not store goods onsite. Dropshipping is where e-commerce site owners use a third party to fulfill all orders. This third party could be a wholesaler or another entity that has a warehouse and shipping business. Dropshipping is a great idea for startups that do not require a lot of inventory or tools.
21. Pet sitting
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This could be considered one of the best small business ideas. Your pet-sitting business can provide peace of mind for families that are away from home for long periods. You will watch over the pets of your clients, including their cats and dogs. Your clients will also be updated on the health and well-being of their pets by you.
Pet sitting is a great small business idea if you already have income sources that are not dependent on the internet and a computer. Pet owners are likely to allow you to use their laptops and spend time with their pets. This allows you to have two income streams at once.
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Which are the most successful small business ideas?
Website design is a subset of digital marketing that helps small businesses make more sales and generate more profit. It is easier to find clients and steady income streams by looking online for businesses. High success rates are also common for real estate and cleaning services. People need homes and want them to be clean.
Key TakeawayKey takeaway
What is a good idea for a small business?
You can maximize your profits while keeping your workload down by starting small businesses. If you are more interested in following your passions and making enough money to live, you can start a small business. It will allow you to utilize your skills and provide you with a great work-life balance. You know best than anyone which small business ideas will bring happiness, success, and stability. There are so many great small business ideas.
How do I start my business without any money?
To start a small business, you do not have to be rich. First, you need to leave your job and start your business as a side venture. Next, you will need to create a business plan, analyze your market and identify potential problems. You will be able to better estimate how much money is needed to make your business a full-time job. This money can be found through crowdfunding platforms or by investors. As a last resort, you should not consider taking out a loan for a business.
Choose a small business plan with low startup costs. You can finance your business idea via crowdfunding or investors if you do not have enough capital.
How can I start my own small business?
The most manageable and convenient home-based business models are the best. However, not all small business ideas work well in a home office. If you have onsite requirements or require frequent visits, your home-based business might not be the best fit. Include any office supplies and tools necessary to make your online business idea feasible in your budget and business plan.
What is a great idea for a work-from-home business?
These are the characteristics of good work-from-home small business ideas.
Minimal inventory and supplies If you are looking to work remotely, lawn care is probably not something you should consider. If you do not have enough storage space, the same goes for T-shirt printing. Graphic design and copywriting require only a computer and an internet connection. You probably already have these.
Start-up costs are low: It should not take much to start a viable business from home. It is unlikely that you will be able to accumulate inventory and raw materials with such a small storage area. Although you might need software licensing or purchase hardware for your small business, financial hurdles should not be too numerous.
Online, computer-based work: Many of these small business ideas need an internet connection. Dropshipping and digital marketing are great examples. Pet sitting is an exception to this rule if you look after pets at your home rather than their owners. All you need to do is keep an eye on your pets and listen carefully. Even better, you can do computer-based work and watch your pets.
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Flexible schedule: Employees in traditional office jobs are often expected to follow a strict 9-to-5 work schedule. If you work from home, this schedule may not be as important for you to follow. Flexible schedules are a key feature of the best work-from-home small business ideas. Who is stopping you from doing your best app development work at three o’clock in the morning?
Working remotely is possible, but it is easier to work from home if you are almost completely independent. You will be more independent if you have a small business that only has a few clients and one or two employees. You can then work on your terms and see your small business concept through to completion.
What is the step-by-step process to start a business?
Although starting a business is hard work, you can get your company up and running quickly with the right tools. While your business journey is unique, there are steps entrepreneurs can follow to get their business started.
Find your niche and choose a business idea.
- Analyze the market.
- Make a business plan.
- Evaluate your financial situation and make any necessary investments.
- Identify your legal business structure.
- Register your company with the government and IRS
- Select the right business insurance policy.
- Hire staff and grow your team as needed
- Choose your vendors (as needed).
- Advertise and market your business.
Skye Schooley and Adam Uzialko contributed to this article’s writing and research.