Smart Business Ideas for 2019
You know you want to start a business, but you’re having a tough time articulating your idea. If you want to become an entrepreneur, it’s important to start with a great business idea.
All you need is a bit of inspiration. These 10 great business ideas will help you launch a project that can grow into a truly successful small business.
It all starts with coming up with an idea that has room to grow over time. This list includes 10 great business ideas that will help you find success in 2019 and beyond. Related: 10 Unique Business Ideas to Inspire You in 2019
1. Transcription service
If you have a good ear and can type quickly, transcription service is a great business idea that allows you to work from home with a flexible schedule.
Medical transcription services are especially needed as voice recognition technology continues to proliferate for healthcare provider dictation.
Best of all, if you’re not looking to start all at once, or if you have a day job you would like to keep, for the time being, you can accept as few transcription jobs as you’d like.
To boost your business prospects and justify charging more, consider becoming a certified transcriptionist and delving into a few niche specialties.
Medical transcriptionists typically charge between $0.06 and $0.14 per line of transcription, which can quickly add up. The typical turnaround time for transcription work is 24 hours, so it’s important to stay on top of the jobs you accept.
However, the flexibility of accepting a few requests to get started ensures you can scale up as you are ready, making transcription an easy service to get off to a slow start with. Best of all, there is very little overhead. You simply need a computer, the appropriate software and a secure messaging service. Related: What Is The Difference Between A Startup and a Small Business?]
2. Professional organizer
Looking for a business idea that can really “spark joy?” Professional organizers, like Marie Kondo, help people declutter and minimize for a living.
In an age of materialism, people are desperate to downsize and take control over their possessions, rather than letting their things possess them.
Minimalism is becoming extremely popular, but people often find it hard to part with things they’ve owned for a long time.
Part of being a professional organizer is helping clients develop a system for downsizing and keeping things that way.
If you’re a highly organized person who enjoys making spaces functional and comfortable, you might be good at coaching people to do the same.
People will pay you to help them devise a method of minimizing their possessions and then maintaining an organized space.
To promote your business, ask if your clients will let you take before and after photos of the areas of their homes you’ve organized and use those to create a portfolio to attract more clients by marketing your work on social media. Related: How to Start a Business in a Competitive Industry
3. Cleaning service
If you like to clean, you can easily turn it into a business. With a few staff members, a host of cleaning supplies and transportation), you can offer cleaning services to homeowners, apartment complexes and commercial properties.
Most cleaning services charge as much as $30 or $40 per hour. Cleaning services are straightforward businesses that require relatively little overhead; you simply need planning, dedication, and marketing to get your business noticed.
If you’re looking to differentiate yourself from other cleaning services, consider adding premium options like floor waxing or exterior power-washing for an additional fee.
These services could be the deciding factor between your new cleaning service and more seasoned veterans that maintain too large a client list to provide that level of detail. Related: Make Sustainability Part of Your Business Model
4. Freelance copywriter
If you’re a natural wordsmith with a bit of marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, web content or press releases, plenty of companies will pay for your services.
You can increase your value further by bringing search engine optimization (SEO) skills to the table to help clients craft a strategy to attack specific keywords that their target audience is already using in their online searches.
Most freelance copywriters charge between $40 and $50 per hour, but those with expertise in a given vertical could charge even more.
Freelance copywriting is a great business to run because as long as you have an internet connection, you can work. It’s a business that can be operated from the comfort of your own home or even from the road if you travel.
If you establish a large enough network and gain referrals from satisfied clients, you could even make freelance writing your full-time job. Related: How to find the perfect business name
5. Home care service
A background in care and hospitality can go a long way to helping support housebound seniors that require in-home care. It’s also a service for which demand is only going to grow.
According to the National Institute on Aging, between 2010 and 2050, the 85-and-overpopulation is projected to increase by 351 percent globally, and the global number of centenarians (those over age 100) is projected to increase tenfold. Many will need care and assistance, oftentimes in their own homes.
Luckily, you don’t need a background in healthcare to help seniors and grow a successful business at the same time, although those skills are certain to be in demand as well.
Many seniors need help with everything from running errands to repairs around the house.
With some experience, you could consider growing your business to help seniors transition from their homes to assisted living facilities, offering services such as packing, transporting, setting up or storing their furniture and possessions. Related: Top 10 Business Ideas for College Students]
6. Translation service
According to research from IBISWorld, the translation services industry is growing more than 5% annually. That growth is showing no signs of slowing as the internet opens entrepreneurs in other countries up to English-speaking markets and vice versa.
This trend has created an opening for multilingual speakers to offer specific services, such as document translation or the translation of website information into languages for use in other markets.
If you know multiple languages, carving out a niche in the translation services industry could prove to be a successful endeavor. Related: 10 Steps to Start a Small Business
7. Digital marketing
The importance of the internet grows with every passing day, making it harder all the time for businesses to cut through the clutter and get their brand noticed. Digital marketing services are always in demand, and many small and midsized companies would rather outsource it than establish a costly in-house team.
If you’ve got digital marketing chops in SEO, content marketing, pay-per-click, web development, or social media management, you could have a business opportunity that allows you the freedom to work from home.
Digital marketing is an important job, though, so it’s critical you respond to developments in your clients’ marketing strategy.
Social media management entails watching for comments and messages around the clock, not just scheduling posts in a “set-it-and-forget-it” mindset. If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you. Related: Top 10 Business Ideas for College Students]
8. Food truck
If you love food and traveling, then a food truck business might be right for you. Food trucks come in all shapes and sizes, serving up a wide range of snacks and cuisines to hungry event or festivalgoers.
Take your favorite style of food on the road and travel to events you’d already like to attend. Sure, you might be working, but you’ll be in a space you’re passionate about with a chance to connect with people who have similar interests.
Food trucks might sound like a wild idea, but the industry is growing. Better yet, the overhead and upkeep for a truck are significantly less than owning a restaurant, plus you have the added benefit of mobility.
If you’re interested in serving up smiles, check out our guide to getting your food truck business rolling full speed ahead. Related: How to Start a Business in a Competitive Industry.
9. Lawn care service
If you grew up with a lawn, chances are your parents might have made you take care of it. For many of us, lawn care is bothersome, but for some, it offers a sense of peace and serenity.
Working outdoors with your hands to tame and beautify the natural landscape can be a rewarding experience, and since so many people find the work tedious, arduous, or time-consuming, it can also be profitable.
Lawn care services require little more than some basic equipment, a trailer and perhaps some labor depending on how many clients you have and how big the jobs are.
You can quickly grow a small lawn care service into a full landscaping company by offering premium services and establishing a reputation as a brand that does a thorough job with a smile. If you like working outdoors and creating elegant landscapes, this could be the business for you. Related: 15 Great Home-Based Business Ideas]
If starting your own business seems daunting or too much of a risk, you can always use your car to become a ride-share driver.
The overhead and responsibility of running the company falls on the ride-share service, giving you the freedom to work as much or as little as you need.
Ride-share applications have enabled people to start side hustles that pay well and require little more than a willingness to drive people to their destinations and maybe make occasional friendly conversation.
Ride-share drivers have the independence of a small business owner without the heavy workload required to manage the logistics behind the scenes.
If any of the other nine ideas seem like they require too much effort or upfront capital, ride-sharing might be a great way for you to dip your toes into the world of entrepreneurship. Related: 40 Home-Based Businesses You Can Start Today