5 Business Ideas That Are Best For New Entrepreneurs

The idea of launching a business is always exciting. But thinking about the costs of setting it up can be overwhelming, depending on your budget and objectives. After all, owning a business always involves taking risks.

Fortunately, there are now other ways to open and manage a business without starting from scratch.

Take the idea of owning a franchise as an example. You have the option to start a business by acquiring one of those franchises under 30K as your capital.

Regardless of the type of business you’re considering opening, here are some business ideas that you can start executing as a new entrepreneur:

Writing Agency 

Building a writing agency might be best for you if you want a flexible work schedule to fit your lifestyle goals.

Nowadays, entrepreneurs no longer need to recruit writers directly for their companies and hire them to write for specific materials.

And the incredible thing is, you don’t need to have a high amount of capital to start a writing agency—all thanks to digital marketing.

With the in-demand varieties of writing tasks today, you only need to make sure that your writers have a stable internet connection, a computer, and writing software such as Google Docs.

Plus, building your writing agency online means you don’t need to create a working place. You won’t have to secure capital to build a physical office or rent office space.

Additionally, as an online entrepreneur, you don’t need a degree in English or journalism to build a profitable writing business.

Instead, you simply need the capability to manage your freelance writing agency online and hire the perfect candidates that can write high-quality, engaging content.  

Moreover, since you’re working with various clients online, you should also consider training your writers to create SEO-friendly content so that the blogs they write have a higher chance to appear on top of search engine results pages (SERPs).

Having this strategy as part of your writing agency’s services can help you increase your revenues since search engine optimization is critical for many businesses online.

Graphic Design Business

With the shift to digital marketing and operations, most companies seek graphic designers who can create impressive promotional materials, but not everyone has an eye for incredible looks.

For that reason, if you already have first-hand experience being a graphic designer and you’re considering launching a business, then a graphic design business can be the right business for you.

Your company will create print or digital formats such as print layouts, website design, and other engaging visual content.  

With the help of the latest software, your business can make just about anything that requires excellent graphic design skills for your clients, such as creating brochures, logos, letterheads, and product packaging. 

Social Media Management 

Due to the digital transformation, social media management has become a winning career for many people.

Owning a social media management business doesn’t require you to have programming experience. For that reason, you may want to start pursuing this startup.

Your company will create company information, marketing promotions, and brand promotions for many social media networks such as Twitter, Instagram, and Facebook. 

Although starting social media management company typically requires a bachelor’s degree in marketing, you can still make your way into this pursuit by learning the necessary skills with the help of the internet.

There are already many social media management courses online that you can enroll in, so you’ll learn the whole process of this management business.

In owning a social media management company, your business will be responsible for working with several clients, devising social media strategies, scheduling social media posts, finding relevant content, interacting with your audience, and reviewing the content calendar.

E-commerce Store Owner

ecommerce store owner

If you want to be an independent entrepreneur and be in charge of your future, you may consider launching an e-commerce store.

Although starting an e-commerce business can be challenging from the get-go, with the help of the internet and software available today, you’ll undoubtedly get the hang of it and begin to make sales. 

There’s already numerous information available on the internet that can help you create a reliable system to build and manage your e-commerce store.

For instance, as an aspiring e-commerce business owner, your job is to identify the latest product trends, source those items through dropshipping vendors, provide excellent customer service and experiences, optimize your website, and update your inventory regularly—all skills that you can simply learn online.

Tattoo Studio Owner

Although some professions and businesses may come and go, the tattoo industry has proved quite flexible over the past few years.

Therefore, if you’re a person who’s into art, you may want to start setting up your tattoo business.

Over 21,000 tattoo studios are currently operating in the United States. And many researchers expect one new artist to create a shop every day.

In addition, the tattoo industry in America earns around USD$2.3 billion worth of yearly revenue.

Keep in mind that running a business isn’t just about gaining funding and showing a bit of creativity.

If you’re interested in launching a tattoo studio, the first thing you need to do is create a website with a simple but unforgettable interface.

Then you also need to present the services that you’ll provide, your location, and other information that your potential customers need to know.

Lastly, once your business is ready, make sure to build an excellent customer experience by engaging with your clients via online questions, reviews, and comments.

Conclusion

With the help of technology, it’s a bit easier now to build a successful business and get sales without renting a space, spending on complex inventory systems, or sourcing products.

Picking a company that’s best for you will entail doing some introspection and identifying what works for your budget, circumstances, and passion.

Being self-employed can be challenging, but with enough knowledge and determination, you can certainly make it.