Most people opt to start their business when tired of 8 to 5 jobs. Others just need the freedom that comes with self-employment. But, before throwing in the towel and starting a business, it’s crucial to consider different startup ideas. Mainly, you should figure out which business model is ideal for you.
You have many startup ideas to consider, thanks to technology. Some of these business models give you the freedom to work from home because transactions are done online. That means you no longer have to waste hours as you commute to and from the office. And, you don’t have to work under somebody that’s always bossing you around. Here are the top 5 startup ideas of 2020 that you can try.
- Vaping Business
One of the best startup ideas for 2020 is starting an online vape shop. More people are switching from smoking to vaping. Others are starting to vape as a hobby. That means that the demand for vaping products will keep increasing. As such, starting a vaping business can be a successful venture.
Since some people can’t access vapes and associated products from their local stores, they order them online. Nevertheless, starting a vape shop is not that easy. You need to understand the vaping industry before you venture into it. Find out more about products like vape pens, coils, e-cigarettes, mods, vape tanks, and accessories.
With proper and extensive knowledge of the industry, you can recommend or discuss different products with customers and prospects online. When a customer wants to buy vape juice online from vapingdaily, they want to get it from a knowledgeable vendor. Providing information about different vape juice brands can make you stand out from the other vendors.
- Digital Marketing
Digital marketing enables businesses to advertise themselves, their products, services, or ideas to a broad audience via the internet. Many people are turning to the internet to promote their products and services to the modern audience.
Research has shown that a significant percentage of people are completing their shopping online. More people are searching for information or browsing the internet to find pictures of the products they want to purchase. It shows how important the internet is when it comes to marketing products and services.
Starting a digital marketing business is a great startup idea for 2020. Your focus can be about helping other businesses gain exposure, thereby increasing their chances of selling their products or services. For instance, you can promote the best online vape store and its products. In that case, the tasks you will be paid to complete may include content management and SEO writing, graphic design, social media management, and website development. Nevertheless, you need specialized skills to complete such tasks.
- Virtual Assistant and Freelancing
What do you excel in? Are you an expert web developer, app developer, ads designer, copywriter, or copy editor? Are you excellent at Photoshop, proofreading, or video editing? These are some of the things you can turn into a successful business. Simply determine what your passions are and your favorite niche.
Somebody could be looking for the skills you possess or somebody to do what you’re passionate about. All you have to do is find the business or person that needs the skilled help that you can provide.
Once you find people or businesses that will pay you to fill such roles as a freelancer, you can exit your 9 to 5 job grind. Working as a virtual assistant or freelancer will give you the flexibility and freedom you need to explore other opportunities.
In the past, having an inventory was a must when selling products. But, that’s no longer the case with drop shipping. With a drop shipping business, you sell items, customers place their orders, and the ordered items are shipped to the customers. Your role is to handle the service part of the entire transaction.
For instance, you can sell the products of an online vape store without a warehouse for storing vaping products. That means you will liaise with the store to deliver products to customers. Thus, you won’t have to worry about warehousing or shipping. Your only worries will be about handling transactions and providing excellent customer service.
- Non-Alcoholic Fun Business
More people are ditching alcohol on realizing its negative effect on their health. However, some of these people don’t know what to do for fun without alcohol. But, with the growing number of people becoming abstinent, the alcohol-free drinks market is increasing. Therefore, starting a non-alcoholic fun business is a great startup idea for 2020.
Such a business can specialize in selling alcohol-free cocktails and beverages, activities, corporate events, and socializing.
In a nutshell, several startup ideas can be turned into successful businesses. You just need to figure out what you’re passionate about and what can be done with the little capital you have.