8 Best Business Ideas to make Money in 2020

Who doesn’t want to be their own boss? Who doesn’t want that extra bit of income coming in? More and more people are looking to start their own business and break free of their traditional 9-5. Finding the best business ideas to make money and eventually becoming self-employed results into greater pay and more benefits regardless of  how rewarding your full-time job may be. It is only possible if you have unique business ideas and perfect strategy to follow. So, here we have listed best side business ideas that one can start in 2020.

Running your own business means that you have more freedom. So it’s easy to see why so many people are looking to build their own business empire with small business ideas from home. Although starting your own business from scratch isn’t easy after all as it needs good strategic planning and more importantly the business idea must have scope in future. To help you find answers to these questions, here are some profitable business ideas one can go for in 2020.

Plant based Food

Plant-based or plant-forward eating patterns focus on foods primarily from plants. which includes not only fruits and vegetables, but nuts, seeds, oils, whole grains, and beans.The world is going crazy for everything plant based. In last few years, you might have noticed more and more plant based eateries in the high street, and options on the supermarket shelves. Many people tend to buy this to follow their fitness regime. So, why not take full advantage of the trend?

The plant-based market is in high demand all over the world. From starting your own coffee truck with plant milk alternatives to your own eatery that serves plant based treats and pastries. Do plenty of research on the trend and you might just come across an area that hasn’t been fully explored yet. Creating a vegan supermarket or making meat-free alternatives of traditional foods could lead make you a successful entrepreneur.

Personal Training

They say that personal training is a saturated market, and while that might be true, that doesn’t mean you can’t turn your passion for fitness into a lucrative business. There are plenty of training providers who can help you get your personal training qualifications, but you can always go a step further and become a professional in different areas other than the gym. You could focus on pre/postnatal women's exercise, Pilates and yoga or even take on GP referrals. Your success depends on how much effort you put into building your brand.

Graphic Designing

Graphic designing is one of the budding trends but not-so-hard job. The foundations of graphic design can be learned on your own easily. One can also take up a professional course; online or offline.While having a formal background in graphic design, can help you become a freelancer. Morever, tools like Adobe Illustrator, Stencil and Visme are easily accessible.

With these tools, a bit of creativity, and motivation can help you become master in graphic designing and earn a side income. One can design images like motivational quotes that can be printed onto posters or you can tie up with a local startup or photographer helping them design  images for their products.

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Destination Wedding Planner

One business which is not affected by seasons is wedding planning. Lately, the trend for destination wedding has soared in India. By starting destination wedding planning company, one can take the stress out of wedding planning for couples and you might get to travel to exciting places around the globe. By learning some tactics and event management skills, one can make a good wedding planner.

small business ideas list
Creative small business ideas help you make money

Hairdressing/Makeup artist

If you’re talented with all things hair and makeup then why not make a business out of it? There are plenty of qualifications, classes and tutorials to invest in – many led by industry professionals. You won’t even need to pay for an expensive chair at a salon; become a bridal makeup specialist for example and you can bring your makeup expertise to your clients.

Open a Coworking Space

The coronavirus pandemic has made most of the employees work from home for the first time. This trend of working remotely, will be there even after the pandemic because it has their own benefits. So taking the current situation in consideration, it is the right time to capitalize on the rising popularity of remote work by creating a modern coworking space that addresses pain points of entrepreneurs. One can choose a convenient location, build it out with highly sought after amenities, and consider local impact.

Bicycle Rental Business

In many parts of the country, this business is gaining popularity. Today, many people tend to ride bicycle for fitness or to travel with group of enthusiasts or daily commute. Many online and offline bicycle rental businesses have started in last few years. One can also develop an app for renting bicycle.

Now, using GPS and Bluetooth enabled bicycles & e-bike can be rented via a mobile app. The user can view nearby available bicycles on the app, scan the QR code on the bicycle to unlock it and ride. You get the charge per hour according to customer's usage. As owner, you also don't need to worry about bicycle's security as bicycles get locked automatically after the use.

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Ecommerce & Dropshipping

There are a couple of avenues you can take here. If you already create a specific product, then you can turn your hobby into a business by selling your products on platforms such as Etsy, Amazon, Flipkart and through social media. Alternatively, you can choose a particular line of products you want to sell (after extensive market research of course), build your own website from scratch, advertise via social media etc and get selling.

If you don't make your own products, then you can also go for Dropshipping. It is an ecommerce business model that involves shipping the products to customers. By selling higher-end products with low shipping costs, one can earn profitable amount quickly. Ecommerce does require some upfront costs which could be daunting, but if you do plenty of research and work hard, your first sale will make it all worth it!

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About Lakshya Singh

I am a visionary content creator and internet researcher.
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About Varad Kitey

  • Pune