Top 10 Small Business Ideas. Starting your own business can be rewarding and challenging, but it’s never been easier thanks to the Internet. If you have an idea, so many resources are available to help you get your business off the ground and running that you don’t need to worry about having too few business ideas.
There are plenty of good ones out there! Some small business ideas can earn more than $100k per year without requiring the owner to work full-time on them! But what are the best small business ideas to make you money in 2023? We’ve got a few suggestions here.
10 Small Business Ideas
1. Sell handcrafted and homemade goods
If you love to create things and have some artistic talent in you, try your hand at selling handmade items online. One of my favorite places to start is Etsy. It’s simple to set up an account, post photos of your wares, and start selling. Give it a shot if you are a crafty person with some skills or specialties! You could quickly turn your hobby into a full-time gig. Learn more about how at Handmadeology.
2. Open a Poultry Business
Poultry farming isn’t just a business idea you can do from home. It also lets you make your schedule. Start with chicks and grow them into laying hens, or start with birds that have already begun to lay eggs and sell their extra eggs for profit. Poultry farms don’t require much investment, and while your earnings may not be substantial in your first year, they should increase steadily over time. If you want to know more about poultry farming, try these sites: fao.org/poultry-production
3. Start a freelance writing business
If you’re looking for a business idea that can be done from home, starting a freelance writing business is one way to go. Use your existing knowledge and interests to write everything from website content to help with marketing efforts to business plans. And if you can get established, copywriting work is also available. It might seem like there are tons of options out there when it comes to freelance writing, but competition is fierce, and content businesses have a concise shelf life.
The market is constantly changing, and what was hot last year may not be now, so you have to be willing to change directions quickly—and sometimes radically—to stay afloat (and ideally make money). The good news? Even if that happens, you still know how to write.
4. Design and sell print-on-demand t-shirts
This is a great business idea for those who are either artistic or interested in design. If you want to start a t-shirt printing business from home, it’s best to go with one of these options: using a site like Printful or marketing your products using services like Shopify. Both are easy to use and get started with and can help turn your designs into an actual income stream for your business idea.
You could even use both Printful and Shopify at once to maximize profits! But what do you put on your t-shirts? It depends on what people want! As far as small businesses go (and since they’re relatively simple), having three or four distinct designs would be plenty.
5. Market your skills online
Just because you’re working from home doesn’t mean you can’t make money. A lot of companies are hiring remote workers right now. From telecommuting to virtual assistants, there are plenty of ways to make some extra cash from home. See if there’s a freelance opportunity that matches your skillset on sites like FlexJobs and Upwork.
If you already have a job, see if your company has remote work opportunities available—or even experiment with making money from home for free by offering pro bono services through something like Fiverr or PeoplePerHour. It might seem daunting initially, but as long as you approach it strategically, it can pay off massively for your business!
6. Fashion Design
Want to start a business but aren’t sure what type of business you want to start? Consider fashion design. Fashion is one of those things that we all use daily, but many people don’t think about where their clothes are coming from. Designing clothes gives you a great chance to work with many different materials while also allowing you to help make clothing more sustainable.
7. Phone Accessories
They’re everywhere. They’re affordable. And for many, they improve your day-to-day life. It seems to make sense that if cell phone accessories were so popular and ubiquitous, there would be money to be made. So what are you waiting for? Here are a few business ideas you can use to get started on your way to making some extra cash.
8. Start a Salon as Small Business Ideas
The salon business is a dream of many women looking for ways to work from home. With all of the high-quality products on store shelves, salon owners and stylists can create trendy hairstyles, nails, and facials to make their customers look their best. If you’re one of these women—or if you know someone who is—then starting a small business might be right up your alley.
After all, there’s no time like now for women to take matters into their own hands and start running their businesses! Here are 10 ideas for creating a successful salon business from home: 10 Business Ideas That Will Make You Money in 2023
9. Food Processing
Food processing is a great small business idea because people always need to eat. Beyond that, food processing can be an extremely lucrative venture if you have access to affordable and high-quality ingredients. You find vendors for items like potatoes or chickens and buy them in bulk at low prices. Then you process them into things like potato chips or chicken wings and sell them for a markup.
This method of business is scalable too. Suppose your food processor gets busy during a particular festival, such as Christmas or Thanksgiving. In that case, he or she can hire temporary workers to help keep up with demand while keeping overhead costs down. It’s also a relatively straightforward operation since you typically don’t need any special equipment—just some knives and cutting boards!
10. Computer and Smartphone Repair
If you have any background in computer repair, consider starting a side business. You can quickly create a business repairing computers, smartphones, and tablets. If you already work in a field related to computer repair—or if you’re willing to change your career—then starting a part-time business as an on-demand tech consultant is one of many opportunities that can help diversify your income streams.
In addition to working with clients individually or in groups, some companies might offer paid apprenticeships or freelancing opportunities where you help people remotely.
If you are considering starting a business, consider which small business idea best suits your situation. Don’t pick a business idea based on what seems like easy money. Best small business ideas take effort and planning but can also be very rewarding. Make sure to write out a solid business plan and consider investing as much time into starting a business as you would a traditional job. The more prepared you are for running your own company, the better your chance of success!