26 Best Small Business Ideas For 2022

Get free online marketing tips and resources delivered directly to your inbox. If you plan to do all of the work yourself, you’re limited by the time you have available to invest. If you plan on hiring help, you’ll need to account for those costs—as well as the time involved in finding and onboarding freelancers or employees. This could come from your personal interests, a market opportunity, an experience—anywhere, really. Think about how you can zero in on a specific audience for your products and how the business you build can serve them. If you already have a sizable audience , maybe you can even find a way to base your business off of that existing audience.

Sell A Service

Coupling your service-based business with physical products can give you another source of income that isn’t directly tied to your time. One of the great parts about subscription boxes is you can create them for pretty much every single niche out there. For example, featuring merchants and makers in your community is one of the best local business ideas for subscription boxes. You can also go for themes like yoga, beer brewing, or pets—the possibilities are pretty much limitless. Turn your hobby into a full-time photography business.

You don’t need to handle any products yourself—you just need to make the sales and pass orders on to your supplier. In fact, it’s one of the quickest and cheapest businesses to start. To help you find the inspiration to start, we compiled a list of 100+ in-demand business ideas, broken down into categories like fitness, apparel, and gaming. Beyond that big idea or plan to offer a new service, starting a business involves figuring out funding, startup costs, types of payments you’ll accept, among other steps. It’s not realistic for everyone, but low-investment business ideas make it easier to come up with the cash yourself. Entrepreneurs have a few options when it comes to legal protection of their small business ideas, both now and in the future.

Managing Your Online Reputation

Because consumer app development isn’t the only path for entrepreneurs. New apps for the Shopify App Store crop up daily, with a market of motivated businesses eager to find the tools they need. Online memberships aren’t just a hot new business idea that materialized from people being required to stay home during the COVID-19 crisis.

It’s good to have a balance of ambition and realism with your business aspirations. At the end of the day, your prices can be tweaked and you can experiment with a variety of pricing strategies until you find one that works for you. Get the business plan template delivered right to your inbox.

Even if you’re not a designer, you can find one to work with using freelance sites like Fiverr, Upwork, Dribbble, or 99Designs. There are both local and overseas suppliers you can work with, as long as you can establish a relationship with them built on trust—an unreliable supplier will reflect poorly on your brand. Find more information to help you grow and achieve your business dreams.

With services-based small business ideas, “time” is your inventory and your biggest investment. You’ve only got a limited supply of hours in your day. However, that makes it easier to get up and running if you’ve got skills that are in demand. Luckily, marketing is a lot easier when you’re catering to a specific target audience or identity (e.g., vegans, board game lovers, photographers in your city).

You don’t want to create a negative yet avoidable experience for customers who receive an item they can’t even use. The Give & Grow Shopify app makes it easy to partner with charitable organizations and incorporate your mission into your business. You can set it up to donate a specific amount or a percentage of sales, or ask your customers to add a donation at checkout. If you’ve already got an engaged online following—say you’re a cartoonist or an urban photographer—you’re in an especially good position to give this small business idea a try. If you’re artistically inclined or know your way around a camera, you can dropship using a print-on-demand business model to let others physically own a piece of your work. Just be sure you have the rights to the content you want to print or are using public domain assets you can freely monetize.