TOP 9 small business ideas for 2020-21
Today, we’re going to talk about the best business ideas for 2020. They won’t be the obvious ones that you can think of on your own like starting a restaurant or a car wash; We’ll talk about ideas based on recent trends and recently growing markets.
A very important rule! If you decide to start your own business, it shouldn’t be your motivation because Marina said, “It’s going to be great work!” Your ideal business idea should consist of the following things: It must be something you love to do and it must be a really good thing.
1. Teleworkers are catalyzing a new revolution for white-collar professionals, as many of the roles traditionally defined in the office space are moving to work via the web. Since loneliness is a very common affliction for remote workers, working from a coffee shop is not always the quietest option, the appeal of co-working spaces grows every year
2. Nowadays, people constantly bend over their phones and laptops, so it is not surprising that there is a rise in back and neck pain. The keyword “posture corrector” gets around 74,000 monthly searches that prove to be a great idea for a new startup entrepreneur.
3. Diet and fitness-related apps account for 3.31% of the total apps on the Apple Store. People are on the move constantly. Enabling consumers to conveniently match their daily workouts with their crazy schedules closes another barrier to a healthy lifestyle.
4- The men’s cosmetics industry is worth about $ 3.4 billion. One of the most popular niche products aimed at men, beard oil is the part of the grooming industry with annual sales of around $ 6 billion. Almost 39% of American men have beards.
5. Food trucks represent all the advantages of a restaurant but without the initial investment in a brick and mortar workspace. Only 10-20% of food trucks fail, while the failure rate of new restaurants can be as high as 90%.
6. Think about why people flock to their favorite fast-food chains. Price, speed, and convenience provide consumers with a fast way to eat on the go, on a budget. With demand high and competition low, healthy fast food makes a great business idea for 2020
7. As people become more aware of the waste they produce in their homes, some have started to use reusable bags to reduce the amount of plastic waste. Green business ideas can help you build a socially conscious brand.
8. With the rise in smart apparel growth rates, this niche industry is looking to achieve a net worth of more than $ 4 billion by 2024. This sub-sector is still very new, making it new for innovative ideas from emerging tech entrepreneurs.
9. If travel is your passion and you are always on the lookout for things like the best airline tickets and hotel deals, then you fit the bill.
You can start by helping your family and friends, securing the best travel deals, and selling reward flights.
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