If you are an entrepreneur, then you must already know that coming up with a business idea that can win customers is something that not everybody can pull off. Without a lucrative business idea, all your funds and efforts might go down the drain, leaving you high and dry. However, with the help of a winning idea for your startup, even the smallest of ideas can make it big in the market.
Only a revolutionary business idea will enjoy significant growth. Built on a brilliant idea, your company will have the potential to earn the desired amount of profit. It will also bear the brunt of uncertain economic times. But, it is also crucial that you take up a business idea that won’t call for large amounts of startup capital. Opt for something that will thrive on hard work, dedication, and the right amount of passion.
Considering how risky selecting an industry for a startup can be, I am here to help you out with the best sectors that you can venture into.
Here is a list of the best startup business ideas for 2019!
#1. Online assignment help
With digitalisation redefining traditional educational methods, online learning is the new trend. Students are opting for assignment help from online academic sites for a better learning experience. With an influx of digital collaboration tools like Byju’s and similar academic sites, the young generation is more eager to learn and expand their knowledge with the help of the internet.
If you want a startup of your own, an online educational site is a great idea. With academic stress on the rise, students are looking for experts who provide instant assistance. There is an ever-increasing demand for the professionals who can extend a helping hand and help students to deal with loads of assignments. “If you can provide online study material and assist the students with their homework, they will keep coming back to you. All you need is a team of academic professionals who can help students score better grades and manage deadlines efficiently,” says Tory Williams, the management head of famous Australian assignment help brand Myassignmenthelp.
#2. Tourist Guidance
Another great business idea for you to capitalise on is tourism guidance. If you live in a tourist area, then providing tour guides can be a lucrative option. The establishing cost of such a business is usually very low and the legal and commercial structures are simple too. If you want to promote your business, you can rely on travel-related sites like TripAdvisor and Tripoto to advertise your services.
You can even use hotel-booking sites such as Trivago and HotWire to reach the largest potential audience. For easy advertisement, you can create videos of the trips that you have guided and post them on Facebook to share a part of your tour with your friends. You can also use Instagram to post images and videos of the journey using the correct hashtags, so that people can find it easily. This will help you to build more engagement in no time.
#3. Social Media Management
Everyone known to you has an account on the social media platforms. That is precisely why all companies – small or big – are not leaving any stone unturned to tap the potential of various social media platforms. What can be more profitable than starting a venture that helps companies manage their social media handles with expertise?
With an extensive knowledge of how social media platforms work and algorithms they work on, you can help local businesses add value to their enterprises. At the same time, you can earn out of it. With the right team of social media enthusiasts who have a penchant for all things creative, you can help companies boost their leads and improve their sales.
#4. Vacation Rental like AirBnB
As more people are feeding their wanderlust, vacation rental has become a thriving business option, especially if you happen to reside in a busy tourist destination. You can open a site that lists homes that owners are ready to rent out. From cleaning to taking care of the arriving guests, from taking a booking to mobilising payments from the boarders to the owners – you can build quite a successful business in the hospitality sector.
There are several options where you can advertise your listings that can help you draw traffic from people who are looking for a place to stay without having to pay exorbitant hotel rates. With time, you can build a robust portfolio with more households. The business works on a commission basis, and you expect to get between 20 and 40 per cent of the gross rental rate (depending on demographic factors). Either way, you will be making quite a lot of money out of the venture.
#5. Website Flipping
Did you know that you can earn in bundles by buying and reselling websites? Website flipping is a serious business where all you need to do is purchase domains in names that you think will be in demand in the future and sell the sites to people who are interested after keeping a substantial margin of profit on the price. It is actually quite similar to buying shares and involves research skills.
Just go to platforms like GoDaddy and buy sites with names that are in the trend. You can either auction the domains or sell the entire websites to interested customers. You can even use platforms like FreeMarket.com or Flippa.com to buy and sell domains and full-blown websites. You will definitely take some time to get an idea of how the business works. But once you get rolling, flipping a site can be a great online business opportunity.
#6. Web Development & SEO
With almost every company going digital and running a site of their own, web development will develop into a promising industry in 2019. With digitalisation taking over, online advertising and high-end techniques like SEO and PPC will be looming large. But, considering how tricky these marketing efforts can be, most companies are looking for someone deft in the algorithms and analytics of digital marketing.
To establish a digital agency, all you have to do is hire a team of web developers and marketers who can power your company by providing digital solutions to companies in need. Once you build a base of loyal clients by giving them positive results, there will be no looking back for you. The business idea involves an impressive amount of money. You can even provide content writing services to companies along with other advertising and marketing solutions. Since copy-writing is a big industry in itself, the chances are high that you will be able to mint money out of the business.
The above mentioned business ideas can definitely bring you success if you do the right things. Each idea has the potential to help you make it big in the market. At the end of the day, it is going to depend on you and your perseverance. So, choose a sector that you are interested in and go for something you are passionate about. Here’s wishing you all the luck with your new endeavor!
Featured image: Unsplash