Looking to start a business for next year? Welcome to the top twenty most promising small business opportunities for the next decade, chosen from around a wide range of sectors. To create the short list, these businesses have to: 1. Be profitable today and for many more years in coming years.
Startup capital. The best small business ideas are those where startup capital is minimal or non existent. There are many new online business models that require little or no start up capital. One of the best examples is home based medical billing services, which requires little to no start up capital. Another example is a network marketing business, which does not require much financial investment. Most often, they are based on referral sales.
E-commerce. Here’s another business area that requires little or no start up capital and that too is an extremely lucrative one. There are many online business models like online auction, drop ship and other wholesale and retail business that require almost zero funding. They make money online by selling a product or service at a low price and earning a profit on every sale.
Business news. Most of the big business plans you see every day start with a bang – something spectacular. Today’s small business news takes the form of “the next big thing”, “the next big innovation” or even “a breakthrough new method”. Every business follows the flow of business news in the same manner.
The next business idea that demands a great deal of startup capital is the drop shipping business model. A good drop shipping business model makes use of online wholesale directories to source products from wholesalers and manufacturers. A drop shipper earns money by selling products online and then ships the items to the customer who places an order online.
So, the drop shipping business is pretty straight forward right? Well, yes and no. The fact is that it is not so easy. This is because it requires adequate marketing strategy and a lot of research into the business potential of online drop shipping.
Information products. All you need to create an online business is a solid idea and some knowledge of how small business marketing strategies work and how to find hot products on the internet. You can create your own information products by creating online videos. There is plenty of information products out there that people eagerly pay for such as eBooks, audio books, newsletters, directories and more.
YouTube. Once you have created some useful content in your videos, which people want and are interested in, you can upload these videos to YouTube. YouTube is the second most popular search engine and is a great platform to provide useful content that people will pay for. You can also offer advertising space within your video for a small fee.
Affiliate link. Now you have created useful content, you need to drive traffic to your website so you can start earning an income. To do this, you need a website or blog. Then, it is time to put up a simple affiliate link to promote your online business model. The best way to do this is to write a short article about the products you are promoting, place the affiliate link in the author’s resource box at the end, and submit your article to one of the free article directories.
Drop shipper. The next step is to find a reliable drop shipper, like SaleHoo. A reliable drop shipper will be someone who deals in information products like e-books and audio files and has been in business for quite some time. This ensures that you can grow your business model over time and avoid dropping your inventory.
Ad networks. Now you need to choose a few ad networks, like Google AdSense and ContentMarketer, to help you generate reliable income. The Ad Networks work like affiliate marketing networks. You sign up for their free account and they will send you useful content and ads based on your website.
Social media. It is a good idea to set up a business page on social media platforms such as Facebook, Twitter, and YouTube. Create a fan page, follow the trends, and engage your customers. If you want to learn more on how to set up an online business, check out this site. It gives you all you need to do to start and run an affiliate marketing business, get a website, and start profiting from your valuable information products.