A lot of people tend to debate what comes first in entrepreneurship, an idea or motivation. On the one hand, the right idea can ignite the spark even in those who had no idea that they have an entrepreneurial spirit in them. On the other hand, sometimes, the desire to be your own boss, create a legacy and build a name for yourself within the industry might do the trick. For those who see themselves within the latter category, yet, lack an adequate idea to see this through, here are several simple business ideas you can at least consider in 2019.
The first thing you should consider (especially this early in the year) is the idea of entering the business with fitness equipment. The reason why we stressed out “early in the year” is due to the fact that January and February are the time of the year when a lot of people still cling to their New Year’s resolution to get fit.
The reason why this is considered good enough in the fitness industry is due to the fact that weights and the majority of equipment are so-called one-time-purchases. This means that you automatically get to eliminate the need for return customers (although working on positive reviews usually comes through similar methods). Specializing or having a niche like selling HIIT equipment or boxing gear are just some of the ideas you can use.
It’s not a secret that our lives are getting increasingly phone-centric. With that in mind, it’s important to understand that every single phone accessory out there has a target audience, especially phone cases. Why is this such a lucrative idea? Well, because it gives you an opportunity to customize, personalize and diversify your offer at a relatively low cost. Due to the sheer volume of phones on the market, even with tough competition, this is a field where you shouldn’t have that much trouble developing a client base. Also, you can either start your own e-store or use eBay or Amazon marketplaces, for the time being.
The food industry is always a profitable market, especially if you aim to launch a small catering operation. First, however, you need to do some market research for your local area since, unlike with an e-commerce business, you’ll be limited by your delivery range. Food is always perishable, which means that time will be of the essence, therefore, you’ll be able to figure out just how big of an area you’re currently working on. Here, you can also check the competition, in order to see just how segmented the market is.
Your necessary investment won’t be that great; just keep in mind that having a kitchen that’s good enough and having a kitchen that you can run a business from aren’t the one and the same. What you need to do is outfit your kitchen with branded equipment. The reliability of appliances also reduces the cost of maintenance by quite a bit, which, at the end of the day, reduces your overhead.
People with at least a bit of talent in on-site optimization can earn quite a bit of money by flipping websites. What this means is that they can purchase these websites, improve them and sell them at a better price. When you come to think about it, this is a trend that’s surprisingly similar to real estate flipping, the only difference lies in the fact that instead of doing an actual remodel, what you’re supposed to do is perform a simple SEO audit. Other than this, you can also work a bit on the design. This is also a diagnostic art, seeing as it requires you to recognize growing trends (in term of URLs) that might become more valuable in the future.
Regardless of what your stance on this issue is, the fact is that people of the world are getting more and more overweight by the hour. Surprisingly, the average size of clothes on the market does nothing to reflect this, which, may seem like a massive missed potential. Moreover, the clothing industry is not nearly as competitive as some other fields, due to the fact that people aren’t exclusive to a single brand or a single venue when buying clothes.
The best thing about these five ideas lies in the fact that they’re just as specific to let you know in which direction you should plan and just as broad to give you the freedom to customize the idea. Try giving them some thought.