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Best Small Business Ideas To Start In 2023
Contrary to popular belief, there are actually many ways you can focus less on logistics and upfront costs and more on how to get your idea off the ground. Take you across the first major psychological barrier of “want to start a business but have no idea”.
These 26 small business ideas provide a great entry point for beginners, entrepreneurs, or anyone with a busy schedule, allowing you to take over a business without giving up everything else.
To help you find inspiration to get started, we’ve compiled a list of over 100 top business ideas organized into categories like fitness, apparel, and gaming.
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No matter what type of business you are, you need a good domain name (using our free domain name generator) associated with a great brand name and representative logo.
Purchase inventory, store, pick, pack, ship. When you run a business, managing inventory is a major commitment.
Dropshipping is an easy, low-cost business idea and the first of our good business ideas. Dropshipping is a fulfillment model where third-party suppliers store inventory and ship it to customers on your behalf. It’s one of the best businesses to start with because it’s low overhead, hands-free, and scalable.
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You don’t need to handle any products yourself – you just make the sale and pass the order on to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can curate products from one or more suppliers into your own online store based on a theme that focuses on a specific niche, such as gear for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who will fulfill the order on your behalf. However, you are still responsible for your own marketing and customer service.
You can work with local and overseas suppliers as long as you can develop a relationship with them based on trust – unreliable suppliers will have a bad effect on your brand.
Dropshipping is a great way to test product-market fit and build a business before you invest in your own original product. Be sure to always order samples for yourself to ensure that your supplier is reliable and that the product is of the right quality to sell to your customers.
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Another direct selling model, print-on-demand, leaves inventory, shipping, and fulfillment to third-party suppliers. But unlike the dropshipping business ideas above, the focus here is to create something original by customizing the product with your own designs.
T-shirts, hats, phone cases, hoodies, skirts, totes and more become the canvas for your creativity. You could come up with a witty catchphrase for a developer or a reference that resonates with cat owners—if there’s enthusiasm and pride in the community, you could start a potential t-shirt business.
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Even if you’re not a designer, you can find one who can use freelance sites like Fiverr, Upwork, Dribbble, or 99Designs.
With many print-on-demand services, you pay per product, so the base price per item will be more expensive than bulk orders. But the good thing is that if a certain t-shirt design doesn’t sell, you haven’t actually paid for the item yet (only the design if you outsource).
You can even use shirt mockup templates so you don’t need to spend extra money for full photoshoots for each new design.
There are a variety of print-on-demand platforms at your disposal, many of which can integrate with your store for seamless order fulfillment. However, be sure to always order a sample of your product (often available at a discounted price) to ensure your custom product looks good.
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When you think of a book, it’s just another type of product. Therefore, you can create one to meet the specific needs of the market.
Cookbooks, picture books, comic books, poetry books, photo books, coffee table books and fiction – if you have the knowledge or creativity, there are all kinds of original titles to bring to market. The options are endless—that’s why it’s one of the best small business ideas.
Print on demand is a relatively safe way to test the waters and start self-publishing. It also gives you control over the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your own books as physical and digital products. You can also sell on third-party marketplaces like Amazon or Powell.
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While you can order one book at a time, the cost will naturally drop when you buy in bulk. Consider preselling or crowdfunding your book idea to ensure demand and guarantee a certain number of sales so you can place bulk orders with confidence.
If you already have or are looking for your own book, publishing your own book can be a great way to monetize your blog.
Digital offerings like music, courses, podcasts, and templates are unique on this list of low-investment small business ideas. Unlike others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your profit margins can be kept high, making it another smart option for being one of the best startups out there.
The trick is figuring out what makes a good digital product. What’s so useful that people are willing to pay to download it?
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Answers range from raw instrumental beats to stock photos that can be licensed to other creators, to information products and templates that help people improve skills in specific areas.
If you have a talent that you can turn into a digital product, consider packaging it as a new revenue stream.
There’s a free Digital Downloads app that makes offering digital products as easy as offering physical products in your store.
If you’re artistically inclined or camera-savvy, you can use the print-on-demand business model for dropshipping, allowing other people to actually own your work. Just make sure you own the rights to what you want to print, or are using public domain assets that you can monetize freely.
Profitable Small Business Ideas For 2023
If you already have a loyal following online (say you’re a cartoonist or urban photographer), then you’re in an especially good position to try this small business idea.
Depending on the printer you use, you can turn your creations into products such as posters or framed wall art, or even greeting cards. There are plenty of low-cost digital templates and mockup generators, such as Placeit, that you can use to showcase your products without having to print out every item and do your own photo shoot.
In our free 40-minute video workshops, we’ll guide you from product idea to building an online store to making your first print-on-demand sale.
Taking on a mission to walk with a business and set aside some of the profits for a cause offers social entrepreneurs a unique way to position their company in the marketplace while addressing their top concerns.
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While many social businesses offer their own original products, you can also take any of the low-cost small business ideas above, partner with a nonprofit, or execute the social good yourself, as long as you’re transparent about how it works.
As part of your marketing, you can share the impact your customers are having by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
TheGive & Grow app makes it easy to partner with charities and integrate your mission into your business. You can set it up to donate a specific amount or a percentage of your sales, or ask your customers to add a donation during checkout.
Providing services is not passive, but it can certainly be a lucrative way of gaining self-employment. When it comes to service-based small business ideas, “time” is your inventory and greatest investment. You have limited hours in your day. However, if you have the required skills, it will make it easier to get you up and running.
Solopreneur Business Ideas You Can Start Today
Writers, graphic designers, virtual assistants, SEO practitioners, cleaning service providers, dog walkers, real estate professionals and more can build a business around their skills. you can provide these
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