Entrepreneurship has been rapidly increasing in popularity over the last decade, and it seems that everyone is trying their luck with it. And for a reason. There is something about running your own business that creates a sense of freedom that no job can provide.
Whether you are looking for a side hustle to generate some extra money to cover the bills, or you want something to create your entire income, this is the article for you. There are so many different areas of business you can go into, and it’s hard to pick the right one for you without research. Luckily, we made a list explaining the most beneficial ones, so check out the best business ideas to make money in 2020!
There Is a Demand for Online Tutors
With people practicing social distancing, the request for online tutors working from home has increased significantly in 2020. If there is something you excel in so much that you can teach it, this might be an opportunity you should grab and not let go. The first thing that comes to mind is teaching English as a second language, but if that isn’t your niche, find something you love and go for it.
Don’t think that not having a degree is going to stop you from being a great tutor. If you prove yourself as a great teacher, your students are going to refer you to friends, and that’s how your business will grow. If your schedule and finances still aren’t ready for you to start your own business, you can start by working for different websites and schools online, and after you gain some experience, then start your school.
35.5 Million Americans Move Each Year
Stats tell a lot, and in this case, they say that 35.5 million Americans move every year. Most of them need help with moving, so why not create a business that provides that service. Try figuring out how you can stand out from the competition and help all of these people with their moving needs.
There are companies like Phoenix A to Z moving with over a decade of moving experience whose business model you can look up to. They offer a variety of services like long-distance moving, packing services, and piano moving in Phoenix. Relocating a piano is quite difficult, so people seek professional help no matter if they’re moving it from one room to another, or across the country. That was the background for the piano moving idea, find yours, and you’re good to go.
From each move, moving companies generate revenue, and stats have shown us that there is no lack of people relocating, so if you’re looking to make money, this might be the business for you.
You Can Start Dropshipping With Limited Funds
If you want to start selling products but don’t have the budget to rent a store and stock merchandise, then dropshipping is the job for you. With this type of business, an online store is the only necessity, considering you don’t manage any physical products.
After you realize an online marketplace, get in contact with suppliers who have products, and are willing to sell them to your customers. Find the right type of products you are going to be selling, and go at it. But beware, if a product doesn’t have a lot of competitors dropshipping it, then the demand for it probably isn’t high. A lot of competition means high demand, so those types of goods are your best choice.
Catering Is the Perfect Job for Amateur Chefs
If you like cooking and know how to do it, turn that passion into a profit by starting a home catering business. For young, or amateur chefs, this is the perfect opportunity to learn more and gain experience in preparing food.
When you’re starting, you’re the one deciding how big you want to be. Are you doing smaller events or going for big venues right away? This determines the amount of money you need for starters. It’s also important to decide if you’re doing a specific type of food or events, like preparing only Vietnamese food or catering strictly to cocktail celebrations.
When you’re ready, you can invest more and grow your business. That can mean anything from buying more pots and pans to hiring more people and expanding your team that’s going to work together.
Every Company Needs Content Marketing
To stay relevant and competitive most companies and businesses need an online presence. That means they need content writers. Regularly producing quality content is an obstacle most firms have to overcome, and they often rely on freelance writers to do the job for them.
If you enjoy writing and you can provide quality content frequently, then freelance writing should be a good fit for you. There is a high demand for copywriters, and with all the freelance websites out there, finding a job shouldn’t be that hard.