Most of the students after graduating from college want to go for a 9 to 5 job because of not having any business ideas. Instead of starting something on their own, students are more inclined to join a big company for a fat salary.
But do you think working in a cubicle from 9 to 5 is really a great choice? Why not become an entrepreneur and start something new?
I am an entrepreneur, and I can tell you how it is great to work for your business rather than for a multinational company. I tried my hand in many businesses, some of them failed but some succeeded. From my 20 years of experience, I can tell you some of the best business ideas for beginners.
As a beginner, you just have to keep 2 things in mind.
a) How easy is it to start a new business and
b) The startup cost
Keeping these 2 things in mind I jotted down a list of 10 best business ideas for beginners.
Here are they …
1. Blogging and Selling Online
First, let us look at some of the online options. Blogging is one of them. If you have a passion for something like music, cooking, traveling, teaching, etc, you can turn your hobby into a blog.
Younger people all over the world are earning thousands of dollars from blogging. You have to create great content that people would love to read and share.
Blogging is just like running a small business. You buy a domain name and hosting, create content and market your blog on Google.
The income will come from advertising. Google Adsense program will pay you monthly on a regular basis.
Later you can expand your business by selling products online. You sell products on behalf of a company and make money through commissions.
Blogging is totally an online business idea.
2. Fiverr or Upwork Freelance Services
If you think blogging and selling is not your cup of tea then you can go for freelancing work. There are many small entrepreneurs living in developing countries who offer their services on websites like Fiverr and Upwork.
These services can be anything like website designing, app development, logo designing, coding, freelance writing, etc. There are hundreds of services that you can offer.
In return for their services, they get paid by the clients. However, you have to first create your comprehensive profile and promote it on various social media platforms. After a few days you will start getting offers from different clients. You get paid once you submit your work to the client.
You don’t need any money to get started!
3. Online Tutoring
The third online business idea is tutoring subjects like English, Maths and Science. There is a huge demand for online tutors from various online coaching institutes. These companies are looking for tutors who can teach high school math, English, Physics, Chemistry, History, Biology, etc to students online.
If you have knowledge about a particular subject and have the necessary teaching skills then there is no dearth of online teaching opportunities. You teach students via Zoom. Each session is just 20–30 minutes long.
As a beginner, you can join an online company but after some experience, you can launch your own platform and recruit students online directly.
Online tutoring is one of the best online business ideas.
4. Digital Marketing Services
Digital marketing is the future of marketing. It is replacing all forms of traditional marketing like TV, newspaper, radio, etc.
More and more people are starting their own digital marketing agencies.
Some of the most common digital marketing services given by a typical digital marketing company are
1. SEO, SEM (Search Engine Marketing)
2. Content and Video Marketing
3. Email Marketing
4. E-Commerce Marketing
5. Web Analytics
6. Mobile Advertising etc
However, among the six, SEO is one of the most sought-after digital marketing services. Your agency will not have any shortage of clients who want to rank their website on the first page of Google.
5. Intraday Trading
The last online business idea on the list is intraday trading. Trading is totally optional if you are not willing to take risks. However, the money is really great. You can become rich in a very short time.
You can trade stocks, currencies and commodities daily. But I would suggest you to trade stocks only. As an intraday trader, you buy stocks and sell them the same day. You don’t hold the stocks like an investor.
If you are willing to learn daily and take risks then you can start trading. Otherwise, you can skip it.
6. Breakfast Joint/Juice Center/Café
Now let us look at some of the offline business ideas.
You can open any one of these, a breakfast joint, a juice center, a café, or a restaurant. Food joints are never going to run out of business. No matter what the economic situation is, people are going to eat and drink.
You don’t have to start a full-fledged find-n-dine restaurant, just start with only a few key dishes like breakfast and snacks. You offer customers only in the morning, afternoon and evening for just a few hours.
If you are able to find the right location then your business is going to be a huge success.
7. Tiffin Services
Tiffin Services is one of the fastest-growing businesses in metropolitan cities of India.
You deliver meals to employees at workplaces and residences. The initial investment required is pretty low, making this business very profitable.
8. Opening a Franchise Business
Opening a franchise business is a bit ambitious. But you can do it if you have some financial support from your family.
In a franchise business, the owner of a company licenses its business rights and operations to a franchisee like you. The relationship between the owner and you is contractual.
Other than this, you also get the right to sell products and services to customers on the behalf of the franchisor. In return, you get annual licensing fees, royalty, and an initial startup fee from the franchisee.
There are many franchise options available in the private and public sectors.
9. Interior Designing
It is one of the most creative business ideas on the list. Residential projects, office projects, and commercial projects need interior designers with creative design ideas and great aesthetic sense.
To get clients you have to advertise yourself online and offline. You also have to meet new clients daily. Once you have established yourself in this industry, there is no shortage of clients who are willing to pay anything.
10. Consultancy Services — Real Estate Agency or Marriage Bureau
You can start any consultancy service like Real Estate, HR Consultancy, marriage Bureau, etc, depending upon your experience and expertise.
The best part of consultancy service is you can start this business from your home.
These were some of the best business ideas for beginners. You can choose any one of them depending upon your qualification and investment budget. Just stick to anyone’s business idea!