SMALL BUSINESS IDEAS TO MAKE MONEY IN 2022
(LOW INVESTMENT IDEAS)
While jumping on a new trend can sometimes be risky – it can also be very rewarding. You may notice that many of the ideas on this list have been growing in popularity recently. Others have been popular for a long time, making them more competitive but less risky. However, all of the small business ideas below will help you make money.
Best Business Ideas of 2022
If you have been asking yourself what business to start, then this list is for you. one of the biggest motivations for opening your own business is being your own boss. Owning a business gives you the freedom to work when, where and how you want.
Do you want to work on the beach or at your grandma's house? Keep going, no one is stopping you or questioning you. This is the dream life many people hope to live one day, and with great business ideas, achieving this lifestyle is within reach.
Let's take a look at the list of business ideas that will make you money in 2022:
1. Drop shipping
Want to sell products online but don't have the money to buy and store inventory? Consider dropshipping! Dropshipping is an e-commerce business model where you don't need to manage any physical products.
All you have to do is set up an online store and work with suppliers who are ready to store, pack and ship orders to your customers. No need to spend hours researching products because you can use dropshipping apps like Automizely to find amazing products to sell.
The biggest reason people are often drawn to dropshipping is that you don't have to hold inventory. However, if inventory holding isn't an issue (perhaps there's plenty of room in that spare cabinet), you might want to consider buying products in bulk.
Online marketplaces like Handshake allow small business owners to find unique, high-quality products and build long-term relationships with suppliers. It's worth trying as an add-on to dropshipping if you already know what you want to sell.
2. Print on demand
If you are looking for proven business ideas to implement, try print on demand.
Print on Demand (POD) means you sell your own designs on items like phone cases, mugs, and t-shirts, but you don't actually print the artwork. Instead, you work with suppliers who print your design onto the product – they even package and ship the goods to the customer, so you don't have to worry about logistics. Plus, you only pay after you sell the products. No sale equals no cost.
One of the fastest ways to get started is to create a Shopify store and install a POD app like Printify. When it comes to marketing, partnering with Instagram influencers to promote your POD items is an effective way to reach your audience. To evaluate whether print-on-demand is right for you, watch our video where we engage in a healthy debate with Wholesale Ted (a print-on-demand company).
3. Translation
Multilingual people are always in demand, so if you speak two or more languages, consider starting a small business where you can monetize those skills.
You can look for clients on Upwork and Flexjobs and slowly build your portfolio. As you successfully work with more and more companies, you can hire additional translators who specialize in other languages to take things off your plate. It is also a good idea to promote your business on social media websites as this can help you reach a wider audience.
Do you only have a few hours of free time each day? Translation is one of the best side business ideas you can pursue because it allows you to schedule your clients around when you are available.
4. Reversal of Websites
Website flipping is among the new business ideas that have excited everyone from work-at-home parents to recent graduates. It involves buying an already running website, improving its design and content, and then making a profit from it.
There are quite a few places where you can buy and sell websites to make a profit. For example, Shopify's marketplace, Exchange, allows you to buy e-commerce websites that you can further enhance with content marketing, SEO, and other tactics. Once your site starts generating more revenue than when you bought it, you can market it for sale.
5. Home catering
If you have a knack for cooking and see it as a creative outlet, you can earn a decent income by opening a home catering business.
The initial investment depends on how big a setup you want to have. For example, if you start with smaller events that you can handle yourself, you should be able to start a business for less money.
Most home cooks start by creating websites, experimenting with local food markets, or joining platforms that allow cooking experts to squeeze some profits out of their culinary skills.
6. Walking the dogs
It can be difficult to keep up with a furry friend, especially for high-energy breeds with limited access to the outdoors. As a professional dog walker, you will help pet owners in the community keep their dogs happy, healthy and well trained.
Dog walking requires no initial investment other than marketing and business liability insurance. This will protect you in case of accidents, bites or unexpected lawsuits. It's a good idea to charge prices that reflect your insurance costs, with an average range between $30 to $60 per hour.
You can set up your dog walking business on a number of platforms, including Wag!, Rover and Care.com. Offer promotions for new clients and build a positive reputation by asking for reviews from those you've worked with in the past.
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