Are you planning to launch your own business this year but are short of possible ideas as to what opportunities will best fit you? We got you covered. In this article, we will give you some of the 2020’s best small business opportunities and ideas.
It will be a beneficial tool, especially for beginners and new entrepreneurs.
1. Print-on-demand online business
POD business or print-on-demand business is one of the easiest ways to make money through the internet. To start a POD business, it will usually take only 3 to 5 days. This business has a straightforward principle:
- You will be selling uniquely designed shirts that will be made after your customer place an order.
- You will get the payment of the customers then pay for the ordered T-shirts.
- The supplier will be the one to send the T-shirts to your customers.
This business will allow you to gain profit without maintaining a warehouse or investing in stocks. You can also sell tote bags, hoodies, and more. But you need to remember that people purchase shirts depending on their designs.
This exact is what makes this business extra challenging, mainly that most new entrepreneurs aren’t designers but rather businessmen.
2. Software engineering and development
Today, anything related to computers and technology like computer business franchises, software development, and software engineering are incredibly in-demand. Software developers and engineers make, test, and maintain software on various platforms such as mobile devices and mainframes.
Lots of software engineers came from salaried employees into self-employed contractors. It is a perfect home-based business because software development provides ease of remote access and cloud computing.
There are also other well-paid and high-demand opportunities in the IT sector, including the security specialist, network engineers, hardware and software technicians, and systems analyst.
3. Food truck business
If you’re someone who loves to cook and experiment with different food, then this business is perfect for you. Most people who want to enter the food industry dream to have a restaurant of their own. However, not everyone is fortunate enough to have funding.
Plus, not all starting entrepreneurs can afford such a significant investment. But that doesn’t mean it will be impossible for newbies. If you don’t have enough funds for a restaurant, you can open a food truck business instead. If you want a low investment business, a food truck business is the best option.
4. Meal kit sales and delivery
Today, people are almost always busy. So, as a new entrepreneur, you can take this opportunity to generate a business that will target busy consumers. One business idea you can invest in is a meal kit sales and delivery.
This business is not new to many but is starting to become very popular, especially to those people who don’t have time to prepare healthy and nutritious meals. It is also an excellent option for people who want to reduce their environmental footprint by minimizing food waste.
In this business, costumers will choose their preferred recipes online or meal kits with measured and pre-chopped ingredients. It will come with the cooking instructions and final preparation. These meal kits will be delivered to their preferred address on their chosen date.
It will also include information like the calorie counts, which enables consumers to adhere to their dietary requirements.
Choosing a business will significantly depend on your personal choice and decision. There are lots of business ideas available for new entrepreneurs. The best thing to do is to choose your passion so that you will love what you do.