Will 2020 be the year you take the plunge and start a new business?
The new year is notoriously popular for start-ups. Many people use the Christmas break to think about what they want to achieve in the year ahead and by the time the new year comes around, many are eager to take action and start something new.
In a digital age, it’s now easier than ever to start a business from home. So with that in mind, here are 5 business ideas you could try this year…
- Coach others
If you’re highly knowledgeable and have vast experience within a certain industry, why not monetise your expertise and start your own coaching business to teach others? You could do this by creating your own online course, blog or programme on practically any topic you’re passionate about.
Start by launching a website and blog and share valuable, helpful content with your audience to demonstrate your expertise and promote your services. You can then offer paid programmes or hourly coaching sessions once you’ve demonstrated credibility.
- Sell a service
If coaching isn’t for you but you’re highly knowledgeable in a specific industry, you could simply sell your expertise as a service from the comfort of your home. This can be anything from digital marketing, business consulting, web design, graphic design, accounting, financial advice, the list goes on – as long as you’ve got the know-how and your business can be managed online, you can start from home.
Whether you go freelance, set-up a business with remote staff or simply offer your services on the side of your current job, using your knowldge and experience is a great way to make some money from home.
We live in a shopping-obsessed world and consumers are always wanting the next best thing. Shopify makes it so easy to create your own online store. Granted, you’ll need some basic marketing skills in order for people to know about your business, but with just a few clicks your store can be up and running.
Alternatively, you could buy goods in bulk and sell on sites like eBay and Amazon. The important thing with e-commerce is that you really need to understand your market, be aware of popular trends, and know your numbers in order to make a profit. It can be a risky business if you need to buy stock in advance, but like most successful businesses, there’s no reward without risk.
- Make and sell
Are you someone that’s creative and loves to make things? Personalisation and hand-made items were huge in 2019 and are set to continue growing in 2020. Baking and other ‘foody’ businesses are also popular, especially in an Instagram-able age.
Whether you create your own website or sell via Etsy or eBay, the power of social media is making it easier than ever for people to get creative for cash at home.
- Virtual Assistant
If you’re someone that’s super organised and great at admin tasks, a virtual assistant business could be just for you. VA’s take care of day-to-day tasks for busy business owners such as managing emails, organising their calendar, data input and social media – basically, any admin job a business needs but doesn’t have the time to do.
Did you know, a virtual office means you can have a local business address even though your business is run from home?! This means you get increased visibility in online searches and customers are more likely to consider you as a credible business.