Independence, authority, creativity, and risk – are the first of many things that come to mind when you think about owning a business. Start-up culture is all around us these days, and you might be considering getting on board with your very own unique idea.
There are numerous benefits of owning a business. You will take many risks, but unemployment won’t be one of them. Secondly, as your own boss, you can unleash your creativity and do things your way. This freedom includes taking vacations and deciding your work hours. That means you will have more time to spend with your friends and family and make wealth while you do something you are passionate about.
Although we understand that it can be quite a struggle to pick an idea that is just right for you – easy to start, doesn’t require a lot of financing, is profitable, and sounds fun and exciting. Don’t let these considerations deter you from your dream. We have rounded up a list of unique ideas for you. Let’s get started.
Freelancing is perhaps the easiest business to start these days. Whether you are a programmer, designer, writer, or possess any skill that can be of service, you can offer them on platforms like Upwork and Fiverr. All you need to get started is your skill, a laptop, and an internet connection. There are no significant costs involved as you can take gigs anywhere across the world from the comfort of your home. Alternatively, a fluid co working space like the Auckland-based offices and meeting rooms at The Workshop can help you set up an office away from home and give networking opportunities.
Freelancing is one of the go-to business startups for around 1.1 billion people. According to the statistics, 44% of freelance professionals treat their freelance gigs as their primary source of income for a good reason. Once established, you can earn some serious bucks! For instance, the median pay of writers is $24 per hour. Similarly, the median annual salaries of freelance web designers are around $77,200. Most importantly, there is no waiting. All you have to do is create an account on freelancing platforms and start right away.
The clothing industry is worth $2.560 trillion. Everyone is constantly looking for trendy new articles to add to their wardrobes. One article that never goes out of style is a graphic tee. With a T-shirt printing business, you can offer your audience T-shirts with their choice of graphics, whether they are designs, memes, or catchy phrases.
You can easily acquire printing equipment and bulk-buy basic T-shirts. You can do this solo or ask your friends to join you for more creative input and help manage day-to-day tasks. You can find a workspace close to other fashion retail outlets, and lots of marketing will get your business up and running in no time.
Property, for the most part, is a great investment. However, its maintenance is a not-so-great part where property owners need property managers’ help. As a property manager, you will be managing your clients’ tenants – introducing them to decent individuals, collecting rent, getting rid of bad tenants, and looking after the property’s maintenance, such as fixing damaged stuff.
The property management industry has seen a growth rate of 7.19% in the last five years. All you need is good management skills, maybe a friend to help you manage and market, and a space for you to handle clients, tenants, and workers.
If you have a skill such as jewelry making, crochet, knitting, etc., you can easily set up a shop online and sell your collections on platforms like Etsy. You can also exhibit your collection at art exhibitions and local community fairs. Handmade crafts have a large online market, with 2.1 million sellers on Etsy, of which 87% are women, according to Wunderlabel.com. Though it can be a great side business, 30% of the owners treat this as their primary income.
All you need to succeed here is to build a collection you can sell and market your online shop or website well. Build a social media following and spread the word among friends and family to share. This way, you can build a community of loyal customers that set you on the path to success.
People are a lot more conscious about their health now. They actively try to incorporate exercise into their hectic schedules. One of the best ways to do that is to opt for bicycles when going to the gym, running errands, etc. You can facilitate this lifestyle by opening up a bicycle rental in the neighborhood so people can conveniently get bikes on their way.
Additionally, you could set up stalls in tourist spots so they can rent your bikes to explore famous sights because biking will help save travel costs. Another plus with bicycle rental is that it is environmentally friendly and as more and more people are gaining awareness, they are trying to reduce their carbon footprint. So it’s safe to say that this business will definitely be profitable.
Your primary expense in setting up this business is the purchase of bicycles. All you need is to get some second-hand bikes that are in decent condition and then heavily market your stall online to gain popularity.
Like the ideas above, you can take advantage of people’s desire to stay active by giving yoga classes. You can even set up a yoga studio in one of the rooms in the house. You will need to market your studio to prospective clients, for instance, people in your neighborhood. You can give out offers like if they bring five clients, they can take their classes free. Build a website and make yourself available on social media platforms so you can build a following.
You can expand your yoga business by offering live online and recorded sessions. Statistics show that the popularity of Yoga studios is set to grow at a rate of 10.6% annually. This business requires minimal setup costs. All you need is yoga training skills and experience to set up your one-room yoga studio.
Once you have chosen your business idea, you might wonder what to do next. It would be best if you created your business plan, which will contain all your business’s immediate and long-term details, including your goals. Along with this, you have to set up your business bank account to conduct all your transactions. Next, you will set up an office or studio at home or in a formal office space, and that’s it. Brace yourself for not just a lot of hard work but also for a life-changing, adventurous journey.
Best of luck.