Our economy relies heavily on micro-businesses. They account for 99.7% of U.S. employers and 97.7% of U.S. exporters, according to the Small Business Administration (SBA). Small business owners can work for themselves and create something unique and important in addition to boosting the economy. According to Inc.com, 81 percent of small business owners are happier and 60% are healthier than they were when they worked for their prior employer. So, how can you take advantage of your abilities to establish a small business? By beginning your entrepreneurial journey in a profitable niche that also happens to be something you enjoy.
What Represents a Small-Scale Business?
While definitions vary, a small-scale firm is commonly defined as a company with a limited number of employees, a modest sales volume, and is usually privately owned, with the owner receiving the majority of the earnings. These firms usually service a small community and have a low personnel turnover rate. Though every business has some form of startup requirements, many can be launched in a relatively short period of time and with little or no initial costs.
Best Small-Scale Business Ideas
If you’re interested in starting your own small business, there are several local and online choices to consider. Here are a few small business ideas to think about.
1. Virtual assistant
It’s simple to start a virtual assistant business. In this tiny business, you’ll assist other business owners with a variety of administrative activities, such as data entry and travel booking, as well as writing blog entries and social media scheduling.
Starting a proofreading business could be lucrative if you have an eye for errors. As a proofreader, you’ll check documents for grammar, punctuation, and spelling issues from writers, business owners, and other experts.
3. Freelance writer
You’ll create blog articles, research documents, white papers, and other sorts of written content as a freelance writer. You can work for a variety of companies, including websites, magazines, online journals, newspapers, and other publications. If you enjoy writing and researching, consider beginning this small business.
4. Social media manager
Companies hire social media managers to help them establish, schedule and monitor their online presence on sites like Twitter, Facebook, Instagram, and LinkedIn. You’ll be in charge of scheduling social media material, replying to comments and inquiries, generating photos, and other responsibilities.
5. Facebook ads manager
Many business owners use Facebook advertisements as part of their marketing plan, and you can start a small business managing ads for them. By evaluating the data offered in the Facebook Ads Manager dashboard, you’ll develop the ads, manage the Facebook advertising budget, and track their effectiveness.
6. Blog writer
If you want to control your writing while still sharing your ideas with the world, starting a blog is an excellent option. As a freelance writer, you’ll accomplish comparable activities, but you’ll publish your content on your own website.
7. Resume writer and editor
You can leverage your expertise working in human resources or reviewing resumes into a company creating and editing resumes for job seekers if you have worked in human resources or spent time examining resumes. You’ll assist your clients in creating clear and effective resumes that stand out to potential employers in this position. This could also entail reviewing and formatting their resumes.
8. SEO consultant
Search engine optimization (SEO) is the process of making web content more visible to search engines such as Google and Yahoo. The goal is to achieve a higher ranking in search results in order to attract more visitors to the site. As an SEO consultant, you’ll review the company’s website content and give recommendations on how to boost their search rankings and drive more organic traffic to their site.
9. Email marketing specialist
If you establish a small business as an email marketing professional, you’ll build email marketing campaigns for other businesses and companies. Formatting newsletters, proofreading and editing for clarity and language, and producing illustrations are all possible tasks. You may also be required to handle email lists, conduct statistical analysis, or create press releases.
10. Pet walker or sitter
People who work outside the home or have mobility problems frequently require someone to walk their dogs during the day. This gives you the option to start a dog-walking service for folks in your neighborhood or apartment building. You may get started by letting your friends know you’re available or by registering with Rover, which will connect you with clients seeking a trustworthy dog walker. With Rover, you’ll build a profile that tells potential clients about your availability, prices, and preferred dog breeds. You can also generate money by boarding pets in your home with Rover.
Many parents prefer to have their children watched by a babysitter rather than a daycare while they are at work. Others like having a dependable babysitter so they can run errands, go to the gym, or go on a date night without their children. Consider launching a babysitting service if you enjoy spending time with children and have a flexible schedule. To discover your initial clients, you might use a service like Care.com or advertise on social media.
You can start a transcribing business if you have good listening and typing skills. You’ll listen to audio files and convert them to text documents as a transcriber. The transcription papers’ formatting, style, and the content will differ from one client to the next. You might want to consider taking a few classes through Transcribe Anywhere before you get started. You can learn about legal transcription, general transcription, or take their free mini-course on how to start your own transcribing business.
13. Housecleaning business
Cleaning services are provided to other people’s houses by house cleaners. You can also provide landlords with commercial cleaning, construction site clean-up, or move-out cleaning services. Although this small business has cheap startup costs, you should check with your city or state to see if any licenses, background checks, or special insurance are required.
14. Graphic designer
Logos, social media graphics, magazine or book covers, signs, brochures, infographics, and other visual images are created by graphic designers. Owning a graphic design business is an excellent alternative if you have a strong eye for design, enjoy being creative, and have access to programs like Canva, Illustrator, or Photoshop. You might begin by listing your services on Fiverr or approaching small business owners to offer your skills.
You can specialize as a photographer in family or pet portraits, wedding photography, graduation or first birthday photos, or headshots for resumes or business websites. You can create a studio in your house and eventually hire a commercial facility if your company expands. For this small-scale business, you’ll require professional lighting and camera equipment. You can also make money by snapping images and selling them on stock photography sites if you don’t want to be bound by a timetable.
Owning a small business is a terrific way to supplement your income while still working for yourself. They have modest startup costs, are simple to market, and you can get started finding customers quickly. Choose an idea that matches your schedule, talents, and has big income potential if you go this path. Owning your own company should be something you like and anticipate. Consider trying something different if it feels like a burden. There are numerous options available.