If you’re itching to start a business, you’ll need a great idea.
With the understanding that the world is growing digitally and technologically daily, we have identified five businesses you can start in 2022.
Million-dollar ideas are stumbled upon constantly, by people who think in the right way. They don’t hold special powers; you can replicate their success.
Get intentional about finding one by reviewing the businesses listed below.
The importance of the internet grows with every passing day, making it harder all the time for businesses to cut through the clutter and properly market themselves. Digital marketing services are always in demand, and many small and midsize companies would rather outsource it than establish a costly in-house team. If you’ve got chops in SEO, content marketing, pay-per-click, web development or social media management, you could have a business opportunity that allows you the freedom to work from home.
Digital marketing is an important part of a brand, so it’s critical for you to respond to developments in your clients’ marketing strategies. Social media management entails watching for comments and messages around the clock, not just scheduling posts in a “set-it-and-forget-it” mindset. If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you. You may also consider becoming an affiliate marketer, which is another form of digital marketing.
The process of dropshipping is where you list supplier products on your online store or selling platform without purchasing the stock upfront. With this supplier, you have an agreement that when you a customer orders you will purchase the product from the supplier and the supplier agrees to deliver the product to the customer (also usually deal with any returns). Similar to affiliate but the user can stay on your website. You’re still selling products without the inventory requirements but you control the buying process.
This method of eCommerce means you don’t have any storage or warehouse needs and your cash isn’t tied up in stock sitting around (which is typically a big cause of cash flow problems for retail businesses). Dropshipping works at a lower profit margin than buying stock upfront, 20-30% profit margin being normal, whereas with buying stock from a wholesaler a margin of 60-70% would be common (the margin is lower but the risk is much less).
Starting a successful drop shopping business is all about selecting the right products at the right margin from reliable suppliers, focusing on a specific niche or looking for trends you can capitalize on to make a profit (i.e. Fidget spinners would be a good example of this). From here you’ll need to set up an online store and open accounts of the relevant selling platforms (i.e. eBay).
Homemade meal kit creation and local delivery
For those who can’t get to the grocery store or who struggle with preparing fresh, healthy meals that taste good too, turn your kitchen prowess and passion into a passive income source that gives back to the community. Several meal kit brands, such as Blue Apron and HelloFresh, have long offered similar services via online subscription models, but your unique business idea can help you forge lasting bonds with people in your area.
Physical therapists are always in demand. People are always getting injured. Yet not everyone has the time or energy to go to a clinic and receive the therapy they need. Retirees and baby boomers especially may not have access to reliable transportation.
Consider setting up a business where physical therapists visit patients at their houses. You can connect them and have a flat fee charged to your business. The demand for this will never die, and people will appreciate the convenience. Physical therapists can also gain the experience they need and not worry about saturating the market.
Frontend, backend, and every type of code in between, this skill requires no in-person interaction with your clients. But one skill you’ll want to carry over from the in-person world for this type of business is active listening. It can be easy to zone out while building a product, but developing a connection with the client is just as important as developing the code for their website.
If you keep the client top of mind when you can’t be around physically, you can ensure that you’re meeting their development needs with your coding work.