Whether you are looking to become a full-time entrepreneur or just to start a part-time business for passive income, your product or service should fulfill a specific consumer need. We’ve compiled a series of profitable need-based businesses, with minimal startup costs, that you can start as soon as possible.
1. SEO consultant
You could use your marketing skills to show business owners the benefits of using analytics data, strategic keywords and content structure to gain more organic web traffic. If you are unfamiliar with SEO or want to brush up on your digital marketing skills, you can refer to Moz’s Beginner’s Guide to SEO.
2. Small business consultant
If you have a great deal of business experience and knowledge, why not create a business that helps aspiring entrepreneurs find success? As a business consultant, you could use your skills to help new business owners get off to a good start and help experienced entrepreneurs keep up with demand. Your chances of success are greater if you focus your strategy on a niche aspect of business consulting.
3. Social media consultant
Facebook and Twitter are still the top business networks, but businesses often tend to struggle with more visual platforms like Instagram, Pinterest, Tumblr and Snapchat. All of these platforms have huge consumer audiences, but many businesses don’t realize how big they are, how effective they can be and how to make them work for their brand. If you have a background in social media marketing and a passion for photography, focusing your consulting business on one specific platform, like Instagram, can be a great way to make money while helping other businesses improve their content and achieve their business goals.
4. Niche market e-commerce retailer
There’s an audience for everything, even if it’s as specific as dollhouse furniture or organic dog food. With a niche e-commerce site, you can reach customers who seek your specific products. Building a business in a niche market can help you differentiate yourself from other brands and build your credibility and expertise. Look to social media or your own consumer needs to come up with a product to sell on your online store.
5. Web designer or web developer
If you are a creative, digital professional who thrives on forming the layout, visual theme, font set and color palette of a website, freelance web design may be a good path for you. If you have little to no experience in this field, you can learn the basics of web design and master the tools you’ll need for success, like Adobe XD, Chrome DevTools and text editor software.
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