More and more people have been gaining the courage to quit their day jobs and start their own ventures. Whether that venture was a long-forgotten dream awakened by sudden inspiration or a way to escape the clutches of bosses and supervisors, the fact of the matter is that it’s a huge step. A step made harder by the pre-existing number of startups and the cut-throat competition in the market.
If everyone is already working on developing a social media platform or starting their denim fashion line, no one will pay attention to the newcomers. If you are struggling to come up with a new business idea that can take the market by storm, you can stop the search. Here are six startup ideas you should consider.
1. E-Commerce Business
One of the best ways to start a retail business is to do so through the internet. Nowadays, people look to the internet for everything, from ordering food to self-diagnosis. Without a physical storefront, you’ll already be off to a good start when it comes to cutting costs.
A thorough amount of market research and a unique product or service are guaranteed to put you ahead of the competition, along with a solid marketing strategy, of course. It may sound like a lot of work, but if you love the idea, your journey can be invaluable.
2. Event Planning
It’s not as easy as you think, but a remarkable advantage of picking event planning as your startup business idea is that if you’ve got the talent, then you’ve got the talent. There’s no need for you to go out of your way to acquire some form of certification. Granted, some old-fashioned clients will give you points for those, but a good portfolio is what you should focus on.
Try getting yourself as many opportunities as possible with family and friends, progress through referrals, document your events, and then you won’t have trouble landing businesses. Though, don’t let yourself get caught up in the planning part that you forget to tend to the business side of your startup.
The intriguing thing about candles is that they’re everywhere, yet somehow they always go unnoticed. What does this mean for you if you’re interested in a candle-making startup? That demand is always high.
As for our favorite thing about candle startups? You can easily start one on a tight budget, which takes away a lot of the tension and risk. Whether it’s through your individual selling efforts at craft fairs and social media, or through landing a deal with an organic shop or a large chain, you’re guaranteed to find a buyer.
4. Start an Animal Shelter
If you’ve always been an animal lover, look no further because you were born for this job. As awful as it is to picture, many of our furry friends out there are without families, homes, and proper food, in some cases. Aside from experiencing the beauty of human-animal connection, starting and running a dog rescue service is quite easy with the proper tools by your side.
It’s one of the few businesses where you can actually leave the documents and filings to software while you take care of the pups and kittens.
5. Social Media Marketing
Have you always had a knack for social dynamics and how people perceive their surroundings? With the basic knowledge of business, psychology, and social media marketing, the option of starting becoming a social media marketer is more than possible.
What’s the most important step you need to take? Pick a specialty, client-wise. The same way restaurants have cuisines, you’ve got to settle on an industry and target its businesses. That way, you’ll be deepening your knowledge and honing your skills without wasting time on learning the ropes of the industries new to you.
We’ve all seen Eddie Murphy’s Daddy Day Care and thought about it at some point. Lucky are those who will get to live that dream. Keep in mind, however, that starting a daycare is different from starting a babysitting service. For one, you’ll need a lot of permits for a daycare, as well as safe, child-proof premises.
Meanwhile, babysitting is pretty much self-explanatory. Although, you’ll need a good reason to convince families to hire you instead of the neighbors’ kid who will do it for ten bucks.
Before settling on an idea, make sure you are passionate about it. It’s natural to opt for the most stable or safe option, but if your passion is driving you somewhere else, don’t struggle. Getting a startup off the ground takes tremendous effort, and working for yourself requires the ability to self-motivate.
If your only motive is fear of bankruptcy, you’re guaranteed to get sick of your startup eventually. However, this doesn’t mean you should throw caution to the wind. Just give your passion a seat at the table.