Unique Business Ideas For Year 2020

Envisioning a business framework can be a mind-bending task. You need to come up with a simple or an unusual idea that will bring profitable margins. Opportunities are bountiful, but many people have difficulty in recognizing them. What separates a successful entrepreneur from others is his or her ability to see and seize the opportunity.

On that note, here are some unique business ideas to consider next year.

#1: LOGO DESIGNER

As I was watching a renowned Tattoo artist review the different tattoos seen in cinema, I realized how important branding and logos are to a person or a business. It emphasizes ones beliefs and sends out a message. Help your clients send out the “right” message by designing their logos for them. Offer your design services to help businesses brand their materials or products.

#2: VINTAGE RESELLER

The entrepreneur behind the fashion maven Nasty Gal started out as a vintage reseller. She thrift shops and sells vintage items online for a higher premium. You can do the same by curating your own vintage or pre-loved collection.

You do not have to actually make or own your products in order to showcase your creativity. Simply resell these items online and use your photography skills to attract more customers in Instagram, Carousell, and beyond.

#3: HEAD LICE REMOVER

Bugs and pests are nasty! Fortunately, you can make a fortune out of it by providing “removal services”. Head lice are out there and come when you least expect them – scavenging on your child’s hair. With a few medicated shampoos and oils as well as a set of combing tools, you will be able to help several mothers out there!

#4: MANNEQUIN SELLER

Whether you acquired mannequins by chance or by choice, you can re-sell or rent them out to businesses or individuals who need them. Is there a retail store coming up in your neighborhood? Offer your services with a discount to start a professional relationship. Who knows? They might branch out in a year or two.

#5: JEWELRY VENDOR

Josh Opperman started his website called I Do, Now I Don’t when he was left by the woman he was supposed to marry after a three-month engagement period. When he took his fancy ring back to the jeweler, he was offered US$3,500 for it. He refused ad he paid over US$10,000 for its original price. Imagine that!

Image Credits: pixabay.com

Hence, he opened a website that allows people to sell their engagement rings for a friendlier price that the jewelry store. Think of it as Carousell or Craigslist for fine jewelry. Now, you may adapt the same business framework and put a local twist to it.

Sources: 1 & 2

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Attractive Advantages Of Selling Online

Have you ever had one of those days when you simply want to quit? Becoming your own boss does not sound bad. Sometimes, selling online is better than having a job.

THE FLEXIBILITY OF TIME

A full-time job in the offices comes with a fixed schedule and you have no other choice. You can either work a 9 to 5 job or a rotating schedule in the course of Monday to Saturday. Your manager has the control over your work schedule.

Image Credits: pixabay.com

In contrast, having an online business allows you to take full control over your work schedule. If you are not a morning person, you may sleep more and start your operations by 10 am. The same can be said when you have to attend a family event. You can turn things around to work in your favor.

THE INDEPENDENCE OF WORK

One of the worst feelings that an employee can experience is being micromanaged. It is annoying to be always told what to do. A mistrusting boss checking up on your decisions can be demoralizing too. Skip these scenarios by becoming your own boss.

Starting your own business online requires you to embrace the responsibility of making huge decisions on your own. You are independent by choice. It can be overwhelming at first, but you can get used to it.

THE POWER OF CREATION

There is no limit to the number of products or the category of products that you can sell. You can tap as many people as you want too! This means that a new product can create a new income stream for you.

It is up to you to market these products. You can choose to market thru videos, audio files, social media ads and more.

THE POSSIBILITY OF PASSIVE INCOME

Setting up your own online business allows you to earn money differently. Your efforts put into product creation and marketing determine how much your can earn. This puts you in charge of your own finances.

Image Credits: pixabay.com

Moreover, you can automate your business to earn money while you sleep. Passive income can be acquired thru global audience and other creative ways.

Sources: 1 & 2

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Online Business Ideas You Can Do Now Without Quitting Your Job

Halt! Do not make rash decisions when you are emotional or over-fatigued. You can follow your passion or showcase your talents without quitting your job. Simply create an online business wherein you can earn money on the side. Consider the following business ideas.

UNLEASH YOUR CREATIVITY

One of the easiest ways to earn money online is by selling your images. If you have a knack for photography, round up your best pictures and sell your brand. Upload your designs on photo-sharing websites such as CafePress or Zazzle. If an individual or a company gets attracted with your design, it can be printed on a product or used for a marketing material.

Image Credits: pixabay.com

Who knows? Your unique design can be displayed on posters, calendars, book covers, bags, shirts, or hats. Do not limit yourself to posting filtered snaps on your Instagram feed!

BE A SOCIAL MEDIA CONSULTANT

We live in a world where digital consumption is fast and pervasive. As a social media consultant, it is your job to use ideal tactics to place the company in the right direction. This includes implementing posting schedules and creating target-specific content. You must have the knowledge of SEO tools and the latest trends.

Running the website, Twitter, Facebook, and Instagram accounts for smaller businesses is something you can do on the side.

BE A PROFESSIONAL FREELANCER

Maximize your spare time by becoming a professional freelancer. Websites such as Upwork or Freelance Zone allow you to apply for almost any task such as writing content, data entry, and programming. These websites allow businesses to get the additional help that they need on certain projects.

Increase your chances of earning money by providing different services in accordance with your skills and interests.

OFFER BOOKKEEPING SERVICES

Aside from being a full-time supervisor for a grocery, my uncle provides his bookkeeping services. Clients will typically come to our home to discuss their businesses. If you want to work from home and are great with numbers, consider this.

You may offer services such as creating financial statements or invoices. Invoicing tools such as Sighted and payment tools such as Due are available online to ease your load.

TRANSLATE VARIED DOCUMENTS

When I was working in a yoga studio, I came across and fitness instructor who translates documents from Italian to English. She does this for a fairly good price. It is one of the most profitable freelancing jobs in the industry. Your proficiency in a language or two is sought after in Singapore.

Advertise your services online in websites such as Craigslist and Gumtree.

BE A RESUME WRITER

It does not matter which industry you came from, you will not be there without an efficient resume or C.V. Some people pay very good money to have their personal statements on paper.

Image Credits: pixabay.com

Transform your gifts with words to gold by writing job documents for a daily rate or a “per page” rate.

Sources: 1 & 2

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5 Online Businesses You Can Start With Little To No Money

The Internet has a wealth of things to offer! Anyone with a computer or a smartphone can make money online. That is, without spending too much money.

#1: BLOGGING

More than 5 years ago, I launched Miss Psychobabble to blogger.com. I dove into blogging without a plan in mind. It was merely a medium for me to speak out my views regarding human behavior and how Psychology helps with life’s processes. My passion and knowledge for Psychology led me to start making articles that involve current issues and the workings of the mind. I am very thankful for services such as Blogger and other websites that offer free platforms for one to start blogging.

You can post photos, articles, and videos to earn money through sponsorships and advertisements. The key is to post regular content that is useful for your target audience.

#2: POSTING VIDEOS

It is bizarre to know someone who has not watched a YouTube video throughout his or her life. YouTube is one of the most popular websites across the globe, with more than 1 billion users streaming hours of video playlists each day. Use its reach to your advantage by making money online. Then, you may enable monetization on your Youtube settings. You cannot aim for an immediate viral video as a newbie!

Instead, you can create multiple videos to maximize the views and increase your gains. Whether you are knowledgeable about hair styling or an expert in how-to videos, you must find your niche. The sky is the limit!

#3: SELLING DOMAIN NAMES

Looking for a lucrative and entertaining way to earn money? Search no further than selling and buying domain names. It is comparable to buying a property for a low price and selling it for a higher rate. For instance, the most expensive domain name was sold for US$35.6 million. It was none other than insurance.com.

To buy a domain, you need more than just a credit card. Purchase domains on familiar websites such as GoDaddy.com, NameJet, or Sedo. Successful sellers will tell you that creating a portfolio of dozens of domains increases your chances of making sales.

#4: BECOMING A CONSULTANT

We are all good at something. If you have the knack to share your knowledge to others, you can pass it on by becoming a consultant. Becoming a consultant refers to tapping into an area you are great at to teach others.

You may offer services such as social media management, search engine optimization, and business promotion. More businesses seek experts rather than people who know a little bit of everything – Jack Of All Trades.

#5: SELLING YOUR CRAFTS

Crafty individuals tend to shy away from technology. However, social media and online marketplaces allow these individuals to share their love for the arts. Use websites such as Etsy or Carousell or platforms such ad Facebook or Instagram to sell your hand-crafted goods.

Image Credits: pixabay.com

You can surely sell something online if you knit, paint, sew, carve, or blend. Spend minutes navigating through these online marketplaces to get ideas on the items that you can sell.

Sources: 1
& 2

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How To Start An E-Commerce Business From Scratch

Whether you want to admit it or not, the online business world is filled with fierce competition. The key to a successful business is turning your dreams into a reality by knowing yourself. Plan your defense. Know what you are getting yourself into before you even begin.

WHAT MAKES YOU UNIQUE?

Everything starts from within. Before you begin selling your products or services, you must find the right ones that have the potential for serious profitability. Find a niche. Learn how to examine your skills and capabilities and research on the unique aspects that you can offer.

For instance, a friend of mine owns an online store that sells organic mosquito repellent products such as Citronella soaps and Citronella room spray. Her niche is fusing organic ingredients and self-care needs.

WHICH BUSINESS IDEAS CAN SUSTAIN THE MARKET?

Do your extensive research on evaluating market viability. Which products or services do people clamor over? What are the needs of the Singaporean children, teens, or adults? Use your business idea to dig deeper into market viability. Think about the details that can make or break your business such as shipping methods and staff requirements.

For instance, you must consider the product lifespan. Think of owning an online store selling vegetables. Inventory churn is high and competition reigns supreme!

WHAT ARE THE PROBLEMS YOU ARE TRYING TO SOLVE?

Validate the importance of your products or services by using keyword research and evaluating trending items in the market. Start conducting research on the market and the Singaporean majority. The trick is to find a group of people who are searching for a solution to a problem.

Visit online forums to see what problems people are trying to solve. Then, create a product or a service that will alleviate the issues. Learn about your competitors too!

WHAT ARE THE ONLINE BUSINESS LAWS?

Which government laws do you need to abide to when you open your online business? Do your research on the shipping restrictions, zoning laws, trademark considerations, and so on.

You need to polish all your business requirements before pursuing the leap of faith. By knowing the laws, you can avoid being trapped into landmines that will derail your business from succeeding.

WHICH WEBSITE DESIGN SHALL YOU APPLY?

Once you have established your product or service and you have researched your market, you are now ready to build your website. Remember to keep things simple in order to grab your potential client’s attention. Keep these pointers in mind:

A. work with two plain fonts that are easy to understand,
B. make your navigation clear and consistent on every page,
C. only use graphics, videos, or audios that will enhance your message, and
D. include opt-in promotions to collect email addresses.

HOW CAN YOU CREATE LIFETIME RELATIONSHIPS?

Well, the surest way to create a tribe for your online shop is to use the power of email marketing. Your customers and subscribers have given you the permission to send them notifications. This means that you may develop lifetime relationships with them, you may measure the percentage of response, and you may boost your traffic.

Image Credits: pixabay.com

Email marketing is cheaper and more efficient than print, TV, or radio marketing because it is highly targeted.

Sources: 1 &
2

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