A lot of us are passionate about something, and most of the time we want to turn this into a career. However, competition in the market is fierce and tough. This might make you think twice and stick to your regular day job to make you feel safe, but most of the time taking a leap of faith will help you learn more things.
When you establish your own business, you get to be your own boss. You have choices and you get to make decisions. You will feel fulfilled for pursuing your passion and it can also pave way for you to raise awareness in a cause that you feel a deep connection with. Being able to help your customers and clients is also one of the benefits of owning a small business. Businesses can be a means to steer change and innovate a society.
Once you’ve learned the ropes and have some wins and losses, you already know everything there is to know about business. This is really something you want to venture in, then that is reason enough for you to put your idea out there and make it grow.
8 Small Business Ideas For Beginners
So, here are 8 small business ideas for beginners:
1. Ecommerce Retailer
Electronic commerce or Ecommerce is buying or selling of goods through the internet. These transactions can either occur between business-to-business, business-to-consumer, consumer-to-consumer, or consumer-to-business.
This is an emerging kind of business in the retail industry where entrepreneurs are fully utilizing the convenience of modern technology. A lot of people prefer these kinds of transactions because they feel the advantage of being able to buy an item in the comfort of their own home.
This business requires a low-cost start up where you can either use your social media account or make a website. Now, being a lone manager can be a tough job and you might overlook your financials, so if you need help monitoring your cash flow, you can use an online accounting systems.
2. Social Media Manager
A lot of companies recognize the advantage of social media when it comes to marketing their services and products. They often turn to social sites to let prospective consumers know their brand. That is why the demand for Social Media Managers recently hit a new all-time high.
A social media manager will administer a company’s social media marketing and advertising strategies. He or she will set goals, develop brand awareness, manage content, do SEO (Search Engine Optimization) tasks, and cultivate leads and sales.
This kind of business requires someone to be highly motivated, creative, and passionate in connecting to current, past, and new customers.
3. Transcription Services
This is a business where you convert either live or recorded speech into written or electronic document. These services are very convenient because you can work at home. You can provide services to companies, the government; legal, and medical purposes.
For transcription services, various individuals or organizations have different methods of pricing, you can either charge per word, per minute, or per hour; this differs from industry-to-industry. One of the most commonly transcribed files are court proceedings, interviews, and recorded voice notes of physicians.
4. Blogging / Freelance Writing
This is a common business especially for millennials who have passion for writing. This can either be a part-time job or full-time employment.
Blogging and Freelance Writing seems to have it all, you can work from home, focus on a topic that interests you the most, and you are in demand because companies search for writers that can publish relevant and click-worthy topics to help them market their brand to the public.
Bloggers and writers alike can charge per article, per word, or per hour. This is a good business to start especially if you want to market yourself well.
Related: 25 Freelance Websites To Get Online Jobs
5. Graphic Designer
As a graphic designer, you are tasked to create visual layouts by hand or by using computer program. These will invite, spark ideas, and inform consumers.
Graphic designers develop the overall production design and layout of advertisements, brochures, corporate reports, and everything that involves marketing of a company. You can charge a reasonable amount per project while enjoying the comfort of your own home.
6. Event Planner
If you have passion for throwing parties or meetings, this is the right business to start with. Event planners or coordinators, and sometimes more known as event specialists, are in charge of every facet of an event. This means that you will plan everything that’s going to happen in weddings, large expos, trade shows, debuts, birthdays, and so on. You meet up with clients and coordinate the event with them from conception to clean-up.
After that, you must scout and book locations, food, entertainment, and staff. You create budget and stick to that, organize transportation, hire speakers/celebrities, teams and equipment, and generally make sure that the event runs smoothly.
7. Professional Consultancy
Companies hire professional consultant services to give them expert advice and help them make sound decisions. Your job varies depending on what industry you will be working in and based on the specific field of expertise.
The broadest duty for any consultant is fixing or improving a particular component of a client’s business. Professional consultants analyze the business and provide possible solutions while helping the enterprise reach their goals.
8. General Cleaning Services
Most households do not hire housemaids and are dual-income, meaning both parents are working and can’t clean the house every now and then.
This is a great opportunity for aspiring entrepreneurs. A general cleaning services business can be a means for good income. Homeowners can contract the service once or twice a month to keep their home tidy and organized. The cost for the services can start from a dollar per square meter including the cleaning equipment.
Related: 101+ New Business Ideas for Entrepreneurs
Author Bio:- I’m a freelance writer and business enthusiasm. I love reading and writing about business accounting. I’m currently working in Quickbooks Online, the one of the top accounting software in Philippines.