How would you like to turn $50,000 of capital into a multi-million-dollar business?
Ben Van Leeuwen did just that with a food truck business plan. Since launching in 2008, the artisan ice cream truck company has been experiencing tremendous success. Now Ben’s company is making over $20 million in annual revenue.
If starting your own company has always been your dream, why not make it a reality? There are a ton of different ventures you can embark on, ranging from major companies to small startups.
What are the best businesses to start in 2022? Read on to find out.
Affiliate Marketing Business Ideas for Beginners
Would you like to make money online without offering any products or services? Then you should explore the world of affiliate marketing.
Affiliate marketing takes place whenever you promote another company’s service or product. You’ll receive an agreed-upon commission for any sales you help generate. The commissions are usually a set percentage of each sale.
However, you can also find companies willing to offer affiliate marketing opportunities for a fixed amount. One of the top reasons for affiliate marketing is a low-risk opportunity.
The low risk also comes with a low cost. Since you won’t have to incur many upfront costs for products or equipment, it’ll be easy to get things up and running.
If things don’t work out, you’ll only have wasted your time and a minimal amount of money. You’ll also find that affiliate marketing companies are easy to scale.
As an affiliate marketer, you can promote all sorts of products from companies. You’ll be able to earn various commissions from each business you work for.
Cleaning Service Business Opportunities
Another of the best businesses to start in 2022 is a cleaning company service. Starting a cleaning business presents another opportunity to start a business with low overhead. You won’t have the standard operating costs, and you’ll also be able to count on a reliable demand.
Do you already have a friend or family member working in the cleaning industry? Reach out to them for advice. You should capitalize on every single networking opportunity available.
See if you can shadow a professional cleaner for the day to see what the work entails. As long as you’re sure you have what it takes, you can start fine-tuning the services you’ll offer.
Individual cleaners usually work for personal residences or a smaller number of clients. If you decide to go the house cleaning route, you’ll have an even smaller upfront cost. You could also look for popular cleaning franchises in your area and see the process for joining them.
Become a Professional Consultant
Are you looking for business opportunities you can scale and grow? Then consider becoming a consultant.
Consultants provide expert advice to people working in professional and technical fields. As long as you can give advice that helps in a business-to-business atmosphere, you can start a consulting company.
Nonprofits also provide excellent opportunities for lending your consulting services. Both individual people and organizations are willing to pay for advice that gets results.
Results are more sales, better brand recognition, and help with executive decision-making and beyond. Before starting a consulting company, you’ll want to develop an optimal business model.
For instance, there’s the solo consultant model. As a solo consultant, you’ll be working closely with all of your clients to complete projects on your own.
Solo consulting models are great if you want a lean and flexible consulting company. A solo approach isn’t right if you intend to sell your business.
Instead, you’ll want to invest in a consulting firm model. A consulting firm means that you’ll be running a firm instead of just working on individual projects with clients.
The consulting firm model is perfect if you don’t want to take place in the day-to-day work and instead want to start a business that can run without you. When your business can run without you, you’ll have the option to sell it one day.
Start an Interior Design Company
Are you a naturally creative person? You can become an interior designer when you have the creativity, knowledge, and skills to design beautiful spaces.
Starting your own business can be tricky, but your hard work will pay off. The first step is to determine precisely what services you’ll offer.
Are you going to be offering your services online? Then you’ll want to make a concise list of every deliverable. Examples of specific deliverables include shopping lists, detailed notes, paint pallets, 3D renderings, and mood boards.
You’ll also want to determine what rooms you’d like to design. Be clear about whether or not you do entire home makeovers or focus on the kitchen and bathrooms.
Typically focusing on your style and specialty will be the best way to advance your company. Everyone has their style, and you’ll excel at what you know best.
Finally, pick a catchy business name, and don’t wait to register it. Your business name should reflect your work.
Whatever you do, don’t choose an overly complicated name or any words that are hard to pronounce. It’s usually a good idea to include your name in the company, but it’s not a requirement.
Register it with your state once you have a business name that you’re sure will do the trick. Then you can obtain all of the licenses necessary to start your company!
Open a Coworking Space
About 59% of Americans who can work from home are. That’s why coworking spaces are such a profitable venture.
If you decide to open up a coworking space, you’ll be creating an area where like-minded people can get together to collaborate. The future of coworking spaces looks excellent as more and more people transition to a remote working model.
Along with providing affordable offices, coworking spaces also have necessary amenities. They create an area that can turn into a community of like-minded individuals.
The first step toward starting your own coworking space is to know your intent. Exactly why do you want to create a coworking place?
Are you looking to turn a significant profit, or do you want to enjoy the hustle and bustle of a creative environment? Next, you’ll need to gauge your appeal.
Make sure there’s a demand for your coworking company in your area before you start buying furniture. As long as there’s enough demand, you can move forward with creating a business model. You can choose to open up a coworking space with private offices or keep everything communal.
Begin a Professional Resume Writing Company
Are you already good at writing resumes? Start a resume writing business. Resume writing can be a wise career decision for anyone experienced in recruiting, writing, or human relations.
Professional resume writers get to decide when and how they work. Your services will help job applicants create resumes that drive results. By providing professional formats along with your hard-earned expertise, you’ll be able to help applicants land their dream job.
Typically, you’ll need to interview job seekers to get a good feel for how to write their resumes. Then you’ll be able to take the information from your interview to create a relevant background. You can also offer other career services such as occupational counseling or cover letters.
One of the most significant advantages of starting a resume writing business is low startup costs. You don’t need any special licenses, however, obtaining certifications can help you gain higher-end clients.
The downside to starting a resume business is that there’s a lot of competition. Maintaining a steady supply of customers can be challenging if you don’t know how to market yourself correctly.
To make sure your resume writing business is a success, you’ll need to develop a strong content marketing strategy. Take advantage of your website, social media platforms, and email campaigns to reach customers.
Start a Virtual Assistant Company
Have you heard of virtual assistants or VAs? Virtual assistants help support individuals and businesses by performing tasks online. You can think of virtual assistants as a type of digital secretary.
Your company’s standard services include taking phone calls, running live chats, operating social media accounts, and scheduling appointments. Virtual assistants can even help companies manage their accounts by paying invoices.
Your first step will be to identify exactly what skills you’d like to offer small business owners. The more specific you are about the skills you offer, the easier it’ll be to find your target audience.
Be prepared to justify your rates so that clients understand the value of what you’re providing. Depending on your industry, things can either be fast-paced or easygoing.
The good news is that starting a virtual assistant business requires very little overhead. You’ll need some general office equipment, such as a computer and fast internet, and you’ll be good to go. Make sure that you have a quiet area to work in since you’ll likely be taking client calls.
How to Start an Ebook Store
Ebooks are a significant component of the publishing industry. If you want to take advantage of the prominent market of readers, then you should consider starting an Ebook business.
The first step will be to set forth a clear plan for your Ebook store. Determine precisely what you’ll need to spend, and identify your target markets.
Typically the cost involved in opening an Ebook store is minimal. Since you’ll probably be writing the books yourself, you can easily spend less than $300. Your expenses will help cover formatting, design, and professional editing.
If you have limited capital, you can do all of the formatting and editing on your own. Some of your ongoing expenses will include web hosting fees and cover designs for new books.
One of the most significant advantages to opening up an Ebook store is that your product will appeal to almost everyone. People of all ages and genders can benefit from digital content. You’ll be able to make money selling copies of your books through platforms such as Barnes & Noble, Amazon, iTunes, and beyond.
You can charge customers whatever price you feel is fair. However, it’s best to do a bit of market research to use competitive pricing. Typically, Ebooks will sell from .99 cents up to $
10.
Take your time when choosing the name for your Ebook store. You’ll want a name that’s easy to remember and stands out among the crowd.
Begin an Event Planning Business
Have you always dreamed of starting your own event planning business? Maybe you worked in the event industry in the past, or perhaps it’s just a dream you’ve always held in your heart.Â
A few of the skills that will help you be successful include excellent verbal communication, careful time management, and creativity. If you think you have what it takes, the next step is to figure out your event planning market.
For instance, do you want to help plan corporate events or family outings? You could also specialize in planning weddings since there’s always a high demand.
After picking your niche, you can begin to develop your business plan. Be sure to choose a business entity that best fits your long-term goals. You can choose from a few business entities, including a sole proprietorship, unlimited liability corporation, or partnership.
You can begin to set up your event planning fee structure to market your services to clients. Typically event planners will charge using a percentage of expenses or an hourly rate. However, if you’d like to offer flat fees or commissionable rates, the choice is entirely up to you.
Profiting With the Best Businesses to Start in 2022
Now you know the best businesses to start in 2022. Which one of the ideas from this article are you the most excited about?
Whichever venture you choose, you must identify your target market. Take a moment to think about your target market today and explore ways your company can reach them.
Once you’ve established that there’s a high enough demand, you can start to develop a business plan.
What could other tips help you live the life of your dreams? Read another article to find out.
