Have you been looking to change careers for a while? Perhaps you’ve recently been made redundant, or you’ve always dreamed of setting up your own business. Whatever the reason that led you to this post, we have some great business ideas that can help you get started with a new venture that could potentially lead you to years of success in the future.
Starting a business is an excellent way for students to earn an income alongside their studies that could turn into a long-term career after they graduate. It could also spark joy for those looking to pursue a project or hobby they’re passionate about to top up their savings or replace their current salary. We’ve put together some inspiring business ideas for people of all backgrounds and ages to start before the end of 2020 and carry on into the new year.
Start Investing Your Money
Perhaps you’ve studied the stock or property market before, or you could be completely new to the idea of investing, either way, there is huge potential to start a business in this industry and can provide valuable assets for years to come. Property Investment is considered one of the most lucrative investments at present compared to stocks and shares, as we dive deeper into a recession.
For people who are looking for a long-term investment that can give you high returns, then securing a physical asset could be the option for you. Currently, property investment is considered more stable as house prices are rising and can offer some of the best returns we’ve seen in years, despite the problems the economy is facing at the moment. If you have some savings set aside for a deposit, it may be worth taking advantage of the low-interest rates and profitable deals on the market. You can compare discounts online from property investment companies such as RWinvest, as well as browse extensive guides on offer to those wanting to find out more about how to get started.
Sell Your Skills and Services
Are you skilled at making designs and branding, speaking another language or any skill for that matter? Selling your skills and services as a freelancer could be a great way to start a business, turning something you’re good at into something you can make money from. Utilising your skillset to form an extra income will not only enable you to expand your skills and share your knowledge with others but can provide funds for you to spend on living costs, luxuries and investments.
As many of us are working remotely or homeschooling children, you would be extremely valuable as an online tutor or employee to other business owners looking to rebrand their company. Showcase your work online using freelancing platforms like Fiverr and Upwork, where you can easily upload your portfolio of work and start generating a list of clients today.
Top tip – be sure to keep a record of any work you’ve completed, as well as any invoices for expenses, as you’ll need these for tax purposes later in the year.
Setup an Online Store
There have been many reasons for people wanting to clear out their space and sell their things online. It could be to fund new purchases, declutter the spare room for remote working, or to help recycle waste, whatever the reason, selling your belongings online may be the ideal solution.
For years, Ecommerce has been prevailing over brick and mortar stores with thousands of transactions made online every day. The internet has provided multiple platforms for people to buy and sell goods to others securely from the comfort of their home. Some of the best marketplaces today include eBay, Depop and Etsy, to name but a few that can promote and sell your products at the click of a button.