People start businesses for various reasons, from the need to secure a secure financial future to an opportunity to pursue a lifelong passion, among other reasons. According to the College Investor, a business venture can help you create wealth, secure early retirement and meet long-term commitments like paying your child’s college education. A successful venture is one that promises higher returns on a relatively short timeframe.
With a good business plan, dedication and a little bit of patience, it is possible to build a successful business enterprise. The fast-changing marketplace and advances in technology have brought with it many profitable business ideas, some of which can be realized with little capital and effort. According to the Entrepreneur, here is a list of 7 business ideas you should seriously consider investing in today:
Graphic Design
Businesses, both large and small need branding to market and sell their products. You can take advantage of this opportunity to establish a graphic design business that answers to these needs. With the right skills, all you need is a computer and graphic design applications such as Adobe Photoshop and Google Sketch-up. Some of the materials you can create on behalf of your clients include fliers, logos, business cards, advertisements, and newsletters.
Creating Chatbots
Companies that want to compete effectively in today’s marketplace need websites and apps to help them promote visibility, drive traffic and sales. The focus is now tilting towards smart messaging using Artificial Intelligence (AI) and Chatbots designed to enhance customer experience. You can start a Chatbot creation business without understanding much about codes. For instance, you can use the Facebook messenger to launch a Chatbot that processes orders from Facebook clients. For monetization purposes, the bots can easily integrate with various payment processing systems.
Secretarial Services
Like a virtual assistant, you can establish a remote secretarial business with little capital and experience. What you need is a high level of autonomy, strong organizational skills, time management skills and excellent communication skills. As a freelancing secretary, you will be able to perform various tasks on behalf of your clients, such as organizing events calendar, responding to emails, booking meetings and answering calls.
eBay Seller
An eBay seller makes a commission by selling product directly to the customer. To avoid scamming and other common pitfalls, avoid sharing your banking information and make sure you know the distributor. You also need to make sure all payments are safely tucked in the e-wallet until the customer confirms product receipt. Lastly, any suspicious activities should be reported to the relevant authorities.
Online Photo Seller
You can turn your hobby in photography into a rewarding business venture. To get started, you need to invest in a good SLR camera with advanced specs along and a computer. After the initial investment, you need to market your work by opening an account with online photography platforms such as Flickr and Getty Images. As a compliment, you can establish your website from where you can upload priced, stock images.
Website Developer
The digital era has ushered in new business opportunities for the creative minds. A website developer can help businesses increase online traffic and conversions. Websites are relatively easy to establish, thanks to free Open Source platforms like WordPress. To advance your expertise to the next level, you can take lessons in coding to enable you to work on items like feedback forms, shopping carts, and service pages.
Your Business Consultancy Expert
Transforming a new business idea into a viable venture takes a lot of sacrifices and support. Sean Seshadri is a renowned trading strategist and investment advisor. He is an investment consultant. With expertise spanning over two decades, Sean Seshadri has helped many startups, and high net-worth individuals read the market correctly and reap the rewards of sound investments.