Top 20 Small Business Ideas For Beginners In 2020
Nowadays, tens of thousands of people are considering starting their own business, and for good reasons.
Operating and running a new business venture successfully is a tough duty. According to a report, about 85% of new businesses close down in the first year. That’s a high failure rate. This should make you more conscious about the steps you take to establish your startup.
Small business entrepreneurs have many opportunities that they can explore successfully, all they need is a great small business idea. All good business ideas do not require spending of greater funds, but surely need thorough research before you take a step. However, make sure that you give your time and have some clever marketing plans in place to get a good start. we will look at Top 20 Small Business Ideas For Beginners In 2020 today.
Here’s the secret to finding an awesome business idea. You need to be systematic and you need to be thorough. You need to put together a solid list of proven and practical business ideas. Then you need to carefully evaluate which ones would be most likely to work for you.
Top 20 Small Business Ideas For Beginners In 2020
Have you been asking yourself what business to start, then this article is for you.
Let’s take a look at the list of Top 20 Small Business Ideas For Beginners In 2020
that’ll make you money in 2020.
1. Photo Printer
While photo printers may seem like a blast from the past, the nostalgia element combined can help bring back print photos.
The key to marketing this business will be including two main components: a hint of nostalgia and a highlight of security. You can create funny ’90s themed videos of people printing their pictures and storing them in a box. Highlight that this is a way of keeping your memories on-hand at all times.
2. Bakery Business
Starting a bakery business is one of the most successful home based businesses available today. If you enjoy baking and got skills not only to create tempting food but also visually appealing, then this can be one of the best startup ideas. You can also tie-up with retail shops to sell your products in their stores.
While going with this business opportunity, there is one thing that you need to keep in mind and that is business plan. Just like other businesses, home based bakery business also requires a proper business plan.
3. Sewing Business
If you enjoy sewing, you might like a business specializing in altering or repairing garments. While you don’t need a specific degree or training, you’ll need a certain level of skill to get started with this one.
However, if you’re already great at sewing, an alteration business could be a great fit. It’s a perfect home based business opportunity, and you’ll have limited overhead if you have a sewing machine and a good iron, you’re halfway there.
4. Cleaning Service (Laundry and house cleaning)
There are many directions you can take this business. If you want to work during hours when no one else does, you can focus on office clients. You can focus on retail businesses and keep your customers clumped into one or two blocks. Restaurants are in great need of daily thorough cleaning and can be a great source of steady clients. Perhaps you would be more interested in house cleaning. Many times with cleaning services you don’t have to spend lots of money on advertising or marketing because your customers will come by word of mouth.
5. Product and Business Reviewer
Startups or individuals usually look for people who can write reviews for their products or services to encourage the audience to make a purchase. If you love to write and looking for online business ideas, then this can be a great option. You can either get started with a profile on freelancing websites or contact companies directly.
6. Start Cooking Classes
Do you make food so scrumptious that your loved ones can’t stop praising about the food and the presentation? If the answer to these questions is yes, then it means that you are a great cook.
Starting cooking classes is also one of the great business ideas from home. Just like fast food joint, this business too requires minimum capital investment, and once you start gaining popularity, you can always start your own training center.
7. Ice-Cream Stand
Starting an ice-cream stand or a kiosk can bring you handsome profits. You can have a mobile or a fixed ice cream stand, whatever brings you more income.
When it comes to ice-creams, people love to try new flavors. Spread the word on social media pages and make your audience aware of the new ice cream flavors, special offers, etc.
8. Website Design Service
In today’s digital world, you will hardly find any company that doesn’t have its own website. Even if it is a one-page website, having an online presence has become necessary for businesses. In order to look fresh and impressive, companies keep revamping their website design.
If you have all the required skills, then having a business of website design can be the best option for you. You can get lots of clients and few professionals to meet their requirements. This is one of the small business ideas, which has really worked well for many.
9. Electronics Repair Service
This business is similar to the computer repair business, but you will take on all sorts of electronic equipment besides just computers. With smaller electronics, you will need to be prepared to have customers bring their repair projects to you, as you would have difficulty recovering the cost of driving around picking up broken equipment and returning it. You may also want to encourage people to give you their old electronics so you can use them for parts.
10. Currency Trading (Exchange)
Currency trading can be one of the most lucrative and fascinating small business ideas. If you are someone who is good with numbers, willing to work long hours, ready to take high risk, then this is the ideal business for you.
Photography is not only about capturing pictures but emotions too. Taking pictures is now no more a hobby. It has turned into a business now. In 2015, the digital photography market was estimated to reach $77.66 billion, it is expected to touch $110.79 billion marks by 2021.
This type of business often grow by word of mouth, but you can create a Facebook page, Instagram page or any other popular social media page where you can tag your clients and gain popularity.
12. Interior Decoration Service
Market your talents to building contractors. People purchasing new homes can often be overwhelmed with the choices and possibilities in home decorating. Design some questionnaires for each major element and each major room in the house.
13. Writing as a Freelancer
Sites like Elance and Upwork are great places to get started freelance writing, and you can easily build a small business around your skills as a freelance writer, or potentially expand to include other writers (or graphic designers, web designers, and so on) down the road.
Another great thing about starting a freelance writing small business? You can tailor it to your strengths. Whether you’re interested in copywriting, technical writing, or writing for trade publications, writers are always in demand.
14. Mobile App Development
With a majority of people using smartphones, there are countless apps that are developed every day. In order to tap into new revenue streams, companies now find mobile apps more useful than desktops. Currently, there are around 2.53 billion Smartphone users worldwide, and the number is expected to grow by 2.87 billion by the end of 2020.
Since the vast number of apps operate on a free or freemium basis, in-app purchases and digital advertising represent their primary strategies of app monetization.
It is giving a lot of app developers a bright future in the industry. If you are brilliant tech-savvy, then you may think this as one of the best businesses to start in 2020. Get as many clients as possible. Hire other developers, as required to meet the requirements of your clients.
15. Proofreading Service:
Similarly, editing and proofreading services are always needed and would make a great small business idea. You can begin by taking on freelance work and go from there (and surprise—you’re already a sole proprietor!).
16. Make-Up Artist
Companies from all around the world have come up with innovative beauty products that have started giving more confidence not only to females but males too. Make-up artist is one of the most successful home based businesses available today.
It is the most lucrative business provides flexibility, recession-resistant and non-seasonal markets. If you know how to create magic with powders, lipsticks, and shadows, this could be the business for you.
17. Online Tutoring
The online tutoring service industry is growing rapidly with the continued development of technologies and widespread usage of the internet. Individuals who don’t have time to attend full-time classes have started taking the online classes.
Just choose the field you are passionate about and help others in gaining knowledge by providing virtual classes. At every stage, people love to learn new things. So having online tutoring can be a profitable business.
18. Massage therapy business:
While it does take licensing to become a massage therapist, starting a massage therapy business can be a great career for someone who enjoys working with people, and making them feel relaxed and peaceful, or helping them manage pain or injury.
19. Clothing Boutique
There are individuals who have a great eye on fashion, who can create different styles by using any patterns, who can make some look fabulous at any occasion. If the person sounds like you, then you should consider your passion for fashion into business.
Like any other business, before opening a clothing boutique, you need a proper business plan, a right location, and trained people. While setting up your boutique make a list of suppliers and start marketing your business in advance. Check out some tips on how to generate business name ideas for fashion companies.
20. Beauty salon Business
Like a massage therapist, you will need a license to be a hairstylist, esthetician, or nail technician. However, if the training sounds enjoyable, consider looking into starting a salon or spa business.