Are you contemplating on what business to start? Do you need evergreen business ideas that will stand the test of time? Then below are ten up and coming small business ideas you can start with little or no money in 2020.
Changing lifestyles and changing individual and collective needs are the reasons why new technology and business ideas evolve. These new ideas usually last as long as the needs they fill. And since many of the needs remain extant for decades, smart entrepreneurs make money from these ideas for as long as the needs exist.
If you are looking to start a business of your own, then you should consider starting any of the up and coming business ideas borne out of latest trends and demands. Here are 10 such business ideas that have huge potential for success.
Top 10 Best Up and Coming Small Business ideas for 2020
1. Senior care
Due to improving health care, average life expectancy is increasing in most countries of the world, as people now live longer than in the past. With this trend comes the need for senior care services, which provide personal services such as grocery shopping, chauffeuring, and physical therapy for seniors. If you have a passion for taking care of the elderly, this might be the best option for you.
2. Retirement real estate
This is a fast growing niche within the real estate industry. As they approach their retirement years, people want to acquire property, especially homes where they can enjoy their retirement. So, selling retirement real estate or providing services to firms that do, is a lucrative business option that will remain a money-spinner for decades to come.
Many smart entrepreneurs who cannot afford the costs of a large brewery are now gaining their share of the beer and wine market by starting microbreweries. And interestingly, consumers are turning away from commercially brewed beers in favor of those produced in microbreweries due to their unique new tastes. So, if you have what it takes, then you should consider entering the craft beer market.
With increasing awareness of the multiple health risks of being overweight or obese comes the demand for everything that helps people lose weight or prevent excessive weight gain. So, both the fit and overweight people are fueling the personal training industry in their quest to keep healthy. If you have a solid background in physical fitness training or education, this might be a great business opportunity for you.
5. Virtual assistance
With more business transactions being completed over the internet, the demand for online work is increasing rapidly. But as more and more businesses turn away from full-time, in-house staff to virtual assistants, the demand for virtual assistants is on the increase. If you are internet savvy and can handle tasks quickly with the computer, this might be your calling.
6. Food truck
People eat food every day. Even when they are too busy or too lazy to cook, they turn to restaurants and snack bars. But presently, food trucks are becoming more popular and are in fact threatening the existence of some brick-and-mortar restaurants. Due to their mobility, food trucks enjoy more patronage because they take food closer to people’s homes. And they are much cheaper to start than brick-and-mortar restaurants.
SEO will continue to boom as long as search engines are thriving. Because it is now more difficult to rank a website in search engines with basic optimization techniques, SEO experts and firms are now in huge demand and businesses are dedicating a huge fraction of their marketing budget to SEO.
Businesses and brands need SEO to improve their visibility in Google and other major search engines, since these search engines are channels through which they attract customers.
Social media is fast becoming the most effective tool for many businesses to create brand awareness and interact with potential customers. This explains why the demand for social media marketing experts is on the increase. If you are an expert in promoting businesses and helping them attract customers with social media, then this business opportunity is for you.
9. Business process outsourcing (BPO) service
In order to cut costs, businesses are now resorting to outsourcing rather than hire in-house staff. Some of the tasks now commonly outsourced to third-party firms include customer support, data entry, accounting, research, technical support and so on. If you can build a team of professionals and can gather the required IT infrastructure, then you can start a BPO company.
10. Cloud hosting
More and more businesses now prefer to host their files, websites, and applications on the cloud. This is because physical storage devices are prone to damage and attacks. So, you can start a cloud hosting company or start as a reseller.
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