80 Startup Business Ideas That Can Make You Money (chapter 1)
Nothing beats working for yourself. Even when you love your job and think that it’s rewarding, the satisfaction you get when you are your own boss is a completely different feeling. Not only is it more meaningful but it comes with so many benefits.
While it may seem alluring venturing into a new market, especially if you are a startup, it can be tricky, and let’s face it, pretty risky too—you are putting in more hours than at a 9-5 job elsewhere, and there will be moments where you may actually be sacrificing a lot more than just your time. Even then, it is absolutely worth it.
While thinking of starting your own business, the first thought that may have crossed your mind was probably, “What should I sell?” or, “Which market segment has the most money?” or even, “How do I start with my current skillset?”
We have created a list of 80 startup business ideas that have been split into two categories: Product based business ideas and service-based business ideas. We hope this gives you a little insight into the different segments that you could break into and what they would entail.
Skill & Service-Based Startup Ideas
STARTUP BUSINESS IDEAS #1: BUYING WEBSITES
Just like stocks and property, in our interconnected world thanks to the internet, websites also have a really high value. Even as you read this, websites are constantly being purchased or sold for hefty prices. There are several factors that will affect the value of a site online, such as the domain name, the amount of traffic it receives, general popularity and profits that the site earns amongst other factors. While this business can be really lucrative, it requires an in-depth understanding of the market, however, once you understand how it works, you could potentially be sitting on a goldmine.
STARTUP BUSINESS IDEAS #2: ONLINE COACH
If you are passionate about something and have a big knowledge base about the topic, you could start a career as an online coach. Setting up a YouTube channel with tutorials, setting up a blog to help people understand concepts, creating online courses—there is a multitude of things that you could be doing. Online coaching can be a lucrative way of making money, however, make sure you don’t oversell yourself online or to a client as their success depends on many different things that may not entirely be under your control.
STARTUP BUSINESS IDEAS #3: ONLINE ASSISTANT
Are you organized, can multitask and are meticulous about your work? Chances are that someone out there is looking for a virtual assistant with your skillset and would be willing to pay quite well. To start off, you can look for assistant jobs on platforms like Upwork or on remote working websites such as Jobspresso . This job is also a great way of making contacts in an industry that you want to eventually end up in. Furthermore, as an online virtual assistant, you decide your hours, can have a flexible schedule and you won’t be tied down to any location due to the remote nature of the work.
STARTUP BUSINESS IDEAS #4: ENGLISH TEACHER
If you are a native English speaker or are bilingual but proficient in English, you could look towards teaching English as a second language to people online. This is more than just a summer of “ESL.” There are people willing to pay up to $50 dollars depending on your experience and skills and it can all be done online—which means you could potentially set up a company and even hire others to expand your client base. Just be sure to remember that while knowing English is a requirement for this job, it’s not the only requirement—you need to be patient and have the ability to explain and simplify the difficult language and cultural concepts.
STARTUP BUSINESS IDEAS #5: VOCATIONAL CONSULTANT
If you are leaving behind a corporate job with a fair amount of experience to start your own venture but have no idea where to begin, this one may be for you. There are several people out there who want to learn how to ace a promotion interview or ask for a raise, or simply land a high paying job. If you have useful tips for them, you can just start your own consultancy and people will be willing to pay you good money to learn the tricks of the trade. If you aren’t ready to start up your own website or just want to test out the waters, you should look at signing up to platforms such as The Muse or Coach Me where others are looking for people like you to mentor them.
STARTUP BUSINESS IDEAS #6: REAL ESTATE VALUATION
Real estate valuation is a great job to have because you can decide how much you want to work, where you want to work from and these parameters will decide how much you earn. You don’t necessarily need a degree in this field but you should check if you require some kind of certification in the country or state that you want to operate in. Of course, apart from the certification, you also need to have a solid understanding of the market to be able to make a living for yourself in this field.
STARTUP BUSINESS IDEAS #7: GRAPHIC DESIGN
There is a huge demand for graphic designers in the market today. If you already have the existing skillset and knowledge of design platforms such as Adobe Illustrator, Photoshop or Sketch , then you can literally just sign up to Fiverr or Upwork or find remote jobs on websites such as Jobspresso . However, if you don’t have the required skills, you can always sign up to Skillshare and enroll in a graphic designing course and then practice through smaller gigs. Businesses need graphic designers to create logos, banners, social media posts, design campaigns, products and packaging and so many other smaller processes that we don’t even realize—so keep practicing and before you know it, you may be snapping up clients with the utmost of ease.
STARTUP BUSINESS IDEAS #8: UI/UX DESIGNERS & SPECIALISTS
UI/UX or User Interface/User-Experience designers and specialists have a unique skillset that is extremely important in today’s world. A lot of consumer psychology is based on how the customers interact with a website or app interface and how pleasant or easy the experience is. UI/UX designers can literally build the face of the company or brand and they often get paid a large sum to do so too. As with any other job, the experience and work portfolio plays a big role in the future work prospects, so if you are interested in starting your own UI/UX business, keep hustling and take up even the smallest gigs, even just for the experience.
STARTUP BUSINESS IDEAS #9: PRESENTATION DESIGN
Believe it or not, there are entire businesses set up for people to hire someone else to create their PowerPoint presentations. For those who are not well-versed in technology or have a tough time getting around Microsoft Office, creating a presentation can be a major challenge and even a hurdle in their professional career. Familiarize yourself with different types and formats of presentations, such as Pecha Kucha or Prezi , and you can widen your customer base even more.
STARTUP BUSINESS IDEAS #10: WEB DEVELOPMENT