New Entrepreneurial Ideas with Huge Potential in 2018

This millenium has been the golden era of Entrepreneurship all round the globe. People have started from scratch and made an impact in the Business world with their firm determination and smart-work. The thing that determines whether you will make-it or break-it is the Idea for your business venture.

If your capital investment and man-force is the body of the business then the Idea is the soul of the Business. So, if you too are eager to ditch the 9-5 routine and start your own something, here is a list of idea to get you started.

Plus Size Clothing

As they say necessity is the mother of invention. Somewhere, someone who got tired when there were no stores which would provide him with stylish clothes in his size, and it clicked- Fashion stores for the ones who are a bit on the heavier side.

It is a revolutionary idea and has paid well enough for people who have tried it. Reputed online stores like Shein.com have added it in their catalogue. There are still not enough brick and mortar stores for such apparels. With negligible competition in the market, the probability of making a fortune out of this business is extremely high.

Online store for quirky stuff

People are drawn to products that make them centre of attention in the room. Many creative minds have already recognized that and are releasing out of the box things and people are ready to loosen their pockets on something they find interesting.

One such site is Chumbak which is offering customers what they want and exploring the possibilities. Response of customers to such initiatives is amazing, all you need to do is understand the psychology of the youth and reflect that in your merchandise.

Freelance Fitness trainer

If you select your meal according to its calories and emphasise on being fit then there might be a profile which suits you minus the monotonous routine. Freelance Fitness training is a ongoing trend, and is a big thing in cities where the life is fast-paced.

All you need to do is become a certified trainer which is not a big deal nowadays, and you are set to begin with your clients. You must have fundamental knowledge of diet-management as well. This can be a dream-job for people who are into fitness and like to be in good-shape.

Blogger or Vlogger

Seems like a fun thing to do. Right ? The behind-the-scenes of this job is that it is as real as any profession can be and can provide you with a reasonable income. With people spending majority of their spare-time on platforms like Instagram and Youtube.

Bloggers can be either associated with a specific brand or can be independent as well. This facilitates you with enough options. Vloggers are equally popular on Youtube, preparing videos while travelling, attending an event etc. keeps your life happening and your wallet full.

Event and Project planning

The best thing about event planning is that it can be done from your home. If you have efficient organizational skills and you think you can can put together an crowd-pleasing event, this one is for you.

There are plenty of events from small to mega ones, once you get acquainted with the basics of the job you can handle any event. It brings out your creative side into the play and also tests your leadership abilities. All in all, it is a dream profession for a person who is good at strategic planning.

Drop shipping Business

If you have a product in your mind which you want to sell under your name but the only thing that is stopping you is the investment needed for a real store. You have come to right place- Dropshipping is the answer. You manage your listings on a selling platform and when customer places an order, you provide the details to your supplier and they ship it directly to the address provided by the customer.

It is not easy or quick money, but can prove game-changing in the long run. It requires investment of both your time and money. Another important factor is the product you are selling, if it appeals to the customers, then only your business can be successful.

With the use of inventory management softwares, you can manage your drop shipping businesses easier than ever.

 3-D Printing Business

3D printers seem to be perfect solution for the innovative business. As 3D printing is quite new technology chance that Your business will succeed and You will a achieve 3D printing profits are huge.

There is a lot of scope of what you can do with 3-D printer, for example- 3D printing can be perfect solution for Your home decoration. You can also offer 3-D printing services to many companies who are interested. The unique designing of the products attracts more customers. So don’t wait. 3D printing is within your reach. Just try.

Affiliate Marketing

Affiliate marketing is basically the process of earning a commission by promoting somebody else’s product. In other words you recommend a specific product by a merchant to the customer and if customer ends up buying it, you get awarded with a share in the profit.

Your URL is used to keep track of all the traffic and sales you are making via your website or other promotional techniques. There are many techniques like SEO which can help you step up your game. The margin of commission varies from 10%-50% depending on the product you are promoting.

 

Day care

Day care is a $48 billion industry in the U.S., according to a research report at the marketing firm IBISWorld. Decide the age-group of children your agency is going to accept and then reach out to the target-customers.

You need to have sufficient amount of space at your house and the surroundings should be children friendly. This requires a serious amount of investment but is sure to pay off in long-run. You have the comfort of staying at home and can also do some side-work.

Food Truck

Food trucks are another booming industry, growing at an annual rate of 7.9% between 2011 and 2016, according to a research report by marketing firm IBISWorld. If you have a chef inside of you and you dream of feeding goodness to people as well as make a living out of it. This is the ideal business for you. It is comparatively less costly than a restaurant set-up and is mobile to ensure location advantage.

For this reason, consider testing out your dishes on a smaller scale first, at a local farmer’s market or a food festival. You can get feedback from customers on your product before investing in a mobile operation.

Here it is, a list of promising businesses which have proved to be profitable in recent past. Also, all of the above business ventures do not require mammoth investment, your savings would do but for that you got to believe in the idea and put in every possible efforts. One important characteristic of a successful entrepreneur is firm determination and strong will-power, if you possess these qualities, you are destined to be at the top of the ladder. All the best.

 

 

 

About the author

Raviraj Hegde

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