10 Best Small Business Ideas For 2020

In this article, I am going to go through the best small business ideas for this year. Another great thing is most of these businesses are done by complete beginners and you don't need a lot of startup money to get started. You might not be able to do this even if you are completely broke which is always good because not everyone has access to a lot of money.

There are over 4 billion internet users in the world. And to cater to this massive online population, 6 out of 10 small businesses have a website. In fact, according to statistics, 73% of online businesses who earn over $50,000 per year. So, If you want to start your own business and want to be your own boss now is the time.

Virtual Assistant
Sell Your Services
Reviewing Products
Affiliate Marketers
Graphics Designing
Create A Podcast
Create A Blog And Monetize It
Create A Course
Sell Products Online
Do Print On Demand

Anyway, let's get started with the best small business ideas for the year 2020.

Virtual Assistant

best small business ideas - Virtual assistant
Virtual Assistant

This the first online business that you could do and the best place to do it at a website called upwork.com. Essentially what Upwork.com is going to allow you to do is to get jobs online without actually having been in a physical location. So, you can see that these people here have been earning a lot of money working from home. What you would do as virtual assistance is to provide assistance services people over the net but if you got skills in bookkeeping take a look also it Upwork because you can get paid a lot more.

You need to know is how to work in software like QuickBooks which is accounting software or bookkeeping software. Just knowing the basics of income, outgoings, thinks like that and also there's another software called zero which is another one which you might want to learn that. So, you spend three months learning about bookkeeping and could get a job as a bookkeeper on Upwork.com. It is easy and best small business idea to start online business.


Also read : 10 eCommerce Business Ideas Which Can Yield High Profit


Sell Your Services

Sell your services over at Fiverr.com. This is a little bit different from Upwork.com because you will be doing it on a project basis so you know there are so many things that you could do over Fiverr.com. You could do voice-overs, translations. You could do transcribing people's text and write small blog posts. Originally what Fiverr used to be was selling your jobs for around about 5 dollars. These days it's changed a lot you can do certain kinds of gigs. Examples of designing an Amazon product listing image. Some guys are doing it for five gigs worth which would be like $25 in Fiverr.com.

You can do so many things like logo design if you are good at that. If you want to know how to help people with their social media you could do that. If you got a noise voice you can do the good voice over. You can do translations, illustration there are so many different things you can do on Fiverr and its a great way of making a good amount of money again from your home. If, you take the illustrations in Fiverr done over 1000 orders and the premium package is around about fifty dollars three hundred crowns by selling to people on Fiverr. You could review things on a blog or a YouTube channel. One of the best small business idea to start your own business.

Reviewing Products

best small business ideas - Product reviewing
Product Reviewing

It is easy and best small business idea to start online business. If someone is looking to buy a camera make the camera review talk about it share your thoughts with it and you can see that lots of people like to watch reviews before they buy themselves. You can do tutorials as well which get a lot of reviews because always interested in learning how to use their cameras or maybe their phone or if you know reviewing barbeques you could also teach people the best way to barbeque you could get a lot of views and the great way of making money through this is either through Google Adsense which is Google's way of selling ads on your videos. So, you know the videos that you get before your videos and you can also do affiliate products.


Also read : Best Business Ideas for Women


Affiliate Marketers

Essentially what affiliate marketing is an example if I review a camera and with the links provided at the bottom of the video and if anyone goes to Amazon by clicking on this within 24 hours buys this. Then, I'm going to get a certain commission from this. That's the reason why many reviewers provide links. One will get 4 percent of commission. Let's say a DSLR cost around $1000 just for basic sake I am going to make $40 off each of those. Imagine if 10 people do that a day I have been going to end up like making $400 a day. This is the Amazon associate program but there are other ones like the Shopify affiliate program.

If, you have got it doing illustrations or designing logos also take a look at 99 designs. 99 designs have been around for ages probably 10 years or so. The way that it works is you can either get hired as a designer to create logos or you can be in a contest and what you would do is you would go up against maybe 20 other designers and you will get brief from a company, and they will say okay we want this level's logo to be created, do your best and then they will put up a bounty of three thousand five thousand and ten thousand dollars for a logo and then if you win you will get that bounty. The best small business idea to start your own business.

Best Small Business Ideas For 2020

Graphics Designing

This is another place to sell your work and this is a bot more of passive income strategy. This is the part of inviting marketplace. You can create different kinds of templates for people to download and use. Whenever someone does it you are going to get paid for it. For example, if someone is created a brochure which is for a brand manual and it's got a photoshop design or illustration design and people will pay 15 to 25 dollars. This is a great way if you are good at the design may be good in a photoshop or an illustrator. One of the best small business idea to start your business.

You can create a YouTube Channel. It does not have to be a reviewing YouTube channel. Just pretty much do anything with making money online and entrepreneur. All you need to do is make videos on what you are passionate about because it's easier to talk about. If, you are going to be doing like a vlogging channel you might only get paid only two dollars per thousand views. YouTube channel is still a great way to do it because you could make money for ads, affiliates, print on demand.


Also read : 62 Business Ideas With Low Investment


Create A Podcast

best small business ideas - podcast
Create Your Podcast

It is easy and best small business idea. This similar to the YouTube channel but the great thing about the podcast is they are booming, they are really popular at the moment. A lot of people are listening to a podcast. Joe Rogan podcasts are one of the popular ones. It's got over 6 million subscribers and the videos go for 3 hours long. These are long-form content so, people are sitting down and enjoying listening to. You can put so many ads in this 3 hours video then you could also get brand deals with sponsors like Squarespace or audible and they would pay a lot to be part of your podcast and again you could affiliate things like we were seen about before you could promote a product.

You could talk about the microphone that you are using in your podcast. Get someone to buy that and then you are going to make a commission from that. You can even use your phone if you have one because of the microphone and just pretty good. You can record an audio file and then upload it to a website. Anchored.fm will share your podcast around the world. They will do apple podcasts, Google podcast, and Spotify. You need to just upload it and can get paid from it. It is easy and best small business idea and create your own podcast if you have interest in podcasting.


Also read : 15 Small Scale Manufacturing Business Ideas


Create A Blog And Monetize It

Dollar spot is a very good example of this. Guys here are making a killing. This is a blog where you can make different posts like banking, how to make money, how to save money, and how to invest. These guys in January this year made three hundred and forty-seven thousand mental dollars blogging. You probably think that can't be true but it's true they have got all the revenue reports which are openly provided for the public.

You can see how do they are making their money. They have got the best investing apps. They probably make $100 for each person who signs up. Stash is the same as the dollar spot. It's a paid partner of stash. It is easy and best small business idea to start your career by creating your own blog if you are passionate about writing.

Create A Course

You can teach a really good course like how to do affiliate marketing, how to do the stock market. If you are a pro you could sell your course maximum for up to $1000. You need to just make a few videos and if you made that videos a year ago you can still sell your course every day and make a good amount of money. This is done through a website called teachable. It allows you to create different courses. It is a website builder you need to upload videos and text files. If, you are good at writing you can help people out with resumes because a lot of people struggle with writing resumes. Therefore, if you are good at writing a cover letter or CV then is the best small business idea and is another good way of making money.


Also read : Best Business Development Tools For More Profit


Sell Products Online

You can also sell online through an online shop and the best place is Shopify which is the number one online shop creator. It is a fantastic website. They will give awesome, professional templates and are super easy to set up. You can also sell digital products like any courses, do drop shipping. Best small business idea if you products to offer.

Do Print On Demand

Here you design a logo or a design and you don't need to own any of the merchandise and frames and some other websites will print it for you and send it off for you and you will get the profits. It is one of the best small business idea if you are good at designing and editing.

Conclusion

If you're concerned about maximizing your profit while minimizing your workload, a good small business to start might be any of the ones that most frequently prove successful. However, if you're more interested in incorporating your passions into your work while earning enough money to live, a good small business to start is any that fulfills you, requires you to use your skills and offers you a good work-life balance. There are so many great business ideas that this question has no objectively correct answer – you know better than anyone what small business ideas will bring you happiness, success and stability.

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About Devashish Shrivastava

I work on optimizing articles (SEO).
  • Raipur, Chhattisgarh