If you possess the entrepreneurial hunger, but at the same time feel overwhelmed on which business idea to chase, considering possible options displayed in front of you may be the missing puzzle piece you need to take the following step further.
As stated in research from Pew Research Center, little pay and absence of opportunity for career development were the top reasons employees quit in 2021. Many industry professionals are probing substitute career options.
So, if you are one of them, you might have come to a conclusion that in order to enable the independence and flexibility you want in your career, your ideal next step is to invest in opening a business on your own.
Have you been seeking the appropriate small business idea to try in 2022? You are lucky because we’ve put together a list of 6 small business ideas that are worth considering.
Blogging
Can you still make a profit nowadays by blogging? The brief and concise answer is yes.
To be successful at blogging, you need to discover a niche with small competition and hit hard on it. Patience and perseverance will most likely help. Blogging is a great business idea for college students, freelancers, stay-at-home moms, etc.
Plenty of stay-at-home moms, for instance, are supporting the family by writing blogs. Plus, you are able to write about anything from motherhood to helpful student finance tips.
However, to see considerable income from blogging, you must first increase traffic to your website. That will require publishing content constantly. You can later monetize that traffic by utilizing Google ads, affiliate marketing, etc.
Later on, if you don’t want to run your blog anymore, you can sell it and make a good profit from it. Generally, selling content websites goes for about 24-36x the monthly website revenue. Therefore, if your blog makes $2,000 per month, a good range for its value would be $48,000 to $72,000.
Virtual Assistant Service
Lots of small business owners and solopreneurs need assistance in order to keep their businesses running, and don’t mind paying to get help.
So, why not capitalize on this opportunity by providing virtual assistant services to those busy entrepreneurs? Worldwide marketplaces and BPOs nowadays can assist you in finding clients.
You can help them handle booking appointments, manage their emails, make calls to their clients, answer customer demands, and so much more.
The highlight here is that you can do all that without being physically present. Crowd-based outsourcing platforms such as Remote.co, Indeed, and Upwork can help you look for clients.
Social Media Management Service
Possessing a strong online presence is essential to surviving and being relevant in business in this digital era. No wonder why the majority of businesses strive to establish themselves on social media.
So, you may also make a profit out of this by helping busy entrepreneurs manage their social media accounts.
Your responsibilities will include supervising a company’s interactions with the online audience by implementing different social media content strategies. Furthermore, by engaging in data analysis, identifying trends in customer engagement, and scheduling digital campaigns you will be able to build a strong online community.
Property Management
If you’ve been working in the real estate sector previously, or you are just good at management, you can find success as a property manager.
The point is that there are plenty of property owners that don’t have enough time to manage their properties throughout the city. They need somebody trustworthy and reliable to collect rents, repair broken stuff, and evict bad tenants.
So, if you enjoy being in the real estate sector, and feel like you are up to the task, by all means, have a go at it. You might even be surprised how profitable this can be if you are good at it.
Food Delivery Service
Opening your own restaurant might be daunting and pretty expensive. Too many things need to be taken into consideration starting from the restaurant interior to the color and model choice of utensils.
So, if you have been considering opening one but haven’t got the resources, you should explore starting a food delivery service instead.
It works this way—you cook quality, delicious meals at home and afterward deliver them to your customers either at their offices or homes.
Depending on the regulations of the city you reside in, you may need certain permits and courier insurance coverage to be able to run a food delivery business.
Final Thoughts
Opening a business on your own and succeeding can be tough and demanding, but at the same time worthwhile. If you are stuck on concepts, consider any of our 5 small business ideas shared in this article.