All these startups going live around you might inspire you to start your own small business. But you cannot exactly make up your mind about what it should be.
Thankfully this new-normal world has ensured that we make big profits from minimal resources. With the trend of everything going online and how technology is taking over, there are endless opportunities for you to earn. But, the thing is, you can only be a successful entrepreneur if you anticipate market needs sooner.
While you might still be figuring out what your small business should be, someone somewhere is making profits and working to build an empire already. To ensure that you do not miss out on that, here are the 5 best small business ideas to start in 2022.
6 Best Small Business Ideas with Low Investment & High Profit
If you’re looking to start a business now, you must consider the technological trends and new norms. It will help you in picking one that will benefit you in the long run. Here are 5 ideas for the best small business for 2022 that you can start with low investment!
1. Reseller Hosting Business
The reseller hosting business is becoming really popular these days. It works like renting a property. But here, instead of buying and renting a property, you rent out storage space on a web server for websites. This allows people to have all web server resources that are required for a website. Reseller hosting is cheaper than buying one directly from the central hosting service as the resellers assign the bandwidth specifically customized for the niche of the website.
Since you rent out the space for a certain time period, you can make a great profit. To become a hosting reseller, all you need is some technical knowledge of the website hosting, minimal budget to buy a reseller plan from parent service, customizing those packages, and selling.
If you want to learn more about how to resell hosting, the ultimate guide should be your starting point.
There’s a lot of potential in this business as you can also sell this service along with web designing, development, SEO, and other website services too.
2. Sell NFT Collectibles
NFTs are Non-fungible Tokens of unique art pieces that can be your blockchain digital assets. For the previous month, NFTs average sales value was estimated to be 336.6 million $ USD. This speaks for the potential in the NFT business.
The NFT startup could be your thing if you are interested in graphics and crypto. However, you do not have to be a pro of all the graphic designing tools, you can start with creativity and some basic skills. You can create any kind of abstract piece, gif, picture, music, drawing, or anything and mint it to sell it as a blockchain asset.
The process of minting the art requires you to codify it for the blockchains. It will ensure that no one copies your original art. For selling NFTs, Ethereum is the most popular choice, however, there are several other cryptocurrencies too.
3. E-commerce Store for Sustainable Products
If you are eco-minded then starting a sustainable products e-commerce business can be a great option for you. The demand for such products is increasing as people are realizing the importance of saving the environment. By the end of this year, the sustainable products market is estimated to reach USD 150 billion. You can definitely enjoy your share by starting a small e-store.
You can introduce the products like notebooks, cloth tote bags, reusable food bags, travel mugs, stainless steel water bottles, compostable cutlery, bowls, plates, and other types of products made from recycled plastic. You can easily make an e-commerce website for selling such products or you can launch your brand on a platform like Amazon, Etsy, or eBay.
4. Affiliate Marketing
Another great earning stream for you can be affiliate marketing. In plain language, affiliate marketing is when you help in marketing and selling others’ products or services, and get a share of the sales you make. You can use various channels like blogs, video marketing through YouTube, social sites, an email list, and others.
Blogging is the most popular choice as it generates results for long-term results. To become an affiliate marketer, you only need to invest in a website. Then you can become part of any affiliate marketing program like Amazon Associates. After that, select a niche you are passionate about, and start writing on the products of that niche and start earning.
Even if you do it as a side hustle, you can earn big through affiliate marketing because of its great return on investment (RoI). And the best thing is you can put it on autopilot.
5. Creating Booking System
One of the best small business ideas for 2022 is to start a multi vendor booking system. This type of business allows customers to book appointments with multiple service providers at once. The best part is that setting up a booking system is really simple and you don’t need any technical expertise.
As a multi-vendor reservation system, Booknetic SaaS allows you to offer a wide variety of services to your customers. It includes an online booking system, CRM, invoicing, and more.
This will be a great way to save time and money, and also very convenient for your customers. If you have a passion for helping people save time and money, then this is the perfect business idea for you!
6. Become an Online Coach
Online coaching is the new normal. The e-learning market is estimated to hit the USD 336.98 billion mark by 2026. So, if you are good at something and know its ins and outs, then you should share your knowledge with others and earn along the way.
The platforms like Google Meet, Zoom, Microsoft Teams, etc., allow you to conduct virtual classes. Besides, you can also earn through making informative videos on your YouTube channel to teach the skills related to your field.
No matter which field or industry you are associated with, you can offer various small courses. Whether you belong to the manufacturing industry or the digital marketing domain, you can teach people online. You can become a financial coach, wellness coach, career or business coach, or even a dating coach.
If you’re planning to become a professional coach, it’s essential to acquire a solid foundation of knowledge and skills in your chosen field, hone your communication and interpersonal abilities, and undergo proper training and certification to ensure you can effectively guide and support your clients in achieving their goals.
Now more than ever, there is a need to take into account technology trends and new norms when starting a business. Starting a small business requires attention to all these buzzwords, including online earning, cryptocurrency, and e-commerce. And we have incorporated all of them into our list of the 5 best small business ideas.
These ideas include becoming an entrepreneur by reselling a parent firm’s hosting, launching your own startup for NFT collectibles, or you can start by selling sustainable products on e-stores. Moreover, affiliate marketing and online coaching can also prove to be great income streams.