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Top 10 Small Business Ideas for 2012
Starting a small business requires a lot of planning and the ability to execute a business plan. While it doesn’t require a lot of capital for a small business, you can’t afford to lose your money as this can cause serious headaches financially alongside your future expansion plans. If you understand how to run a successful business, you won’t make wrong moves that could affect your business plans. Before we go further into small business ideas, see Tips for Running a Small Business.
• Will it cover your daily expenses? Can it bring you money?
• Can it raise enough capital to run long-term and become a profitable business.
• Is it a daily need? Does it have the appeal of steady sales?
• Do you know what to do and can you do it well?
• Is it something you enjoy doing and don’t mind doing it over and over again?
Now that we know our goals for starting a small business, let’s move on and see what the best small business ideas of 2012 are.
1. Online business – this may include article writing/blogging, virtual assistants, translators, copywriters or bookkeepers, data entry, etc. This is one of the ideal business ideas for beginners to take advantage of various online business opportunities. By doing online data entry and online paid survey jobs, you can earn paid hourly for your work. The more accuracy and consistency you demonstrate in your work, the more jobs you will get.
2. Mobile application development – Almost everyone has a mobile phone these days, and the mobile phone contains the applications that people use frequently. Calendar, Alarm Clock, Notepad are some examples of frequently downloaded applications. Be it businessmen, politicians, artists or just ordinary people, there are tons and even tons of mobile applications.
3. Makeup Artist or Hair Salon – Offering makeup artist services or a hair salon is another fun small business idea. Makeup artists are in high demand in the fashion and entertainment industries. If you have the makeup skills and talent you need, you can start your own business doing makeup for TV and movie stars. By providing good service, you can secure long-term contracts, which will greatly increase your income. The great thing about hair salons is that they are definitive. No matter how bad the economy gets, women still chip in to get their hair done, even if they have to give up their nails. So hair salons with talented stylists and affordable services will remain real money makers.
4. Cleaning services (pools, yards, garages, etc.) – Cleaning services are a great business proposition for those who like to clean apartments, homes and commercial premises. Housekeeping is an art, and people are often intimidated by the prospect of removing grease, stubborn stains and odors from carpets, keeping bathrooms clean and eliminating refrigerator odors. So, assuming there are no direct competitors, cleaning services can be a steady source of income. Otherwise, people will have to spend money on advertising, which can eat into one’s profits. Cleaning services can run around the clock, as residential apartments are usually cleaned during the day, while commercial buildings are cleaned after hours. Considering that cleaning services earn popularity and favor through word of mouth, a good job rarely goes unnoticed.
5. Geriatric Assistant or Nanny – Being a nanny doesn’t require you to be licensed, more parents need to work, and offering in-home child care is a great way to start your own business while taking care of yourself and the kids too. The growing number of baby boomers also presents a growing business opportunity for aged care. Home care and senior living are obvious, but don’t forget all the related opportunities like driving, delivery, catering and cleaning services for seniors who want to stay at home. You can certainly grow your own business providing care for the elderly.
6. Recycler – The great thing about being a recycler is that you not only make money for yourself, but also help protect the environment. The average homeowner doesn’t always know where or how to recycle the things they own. All you need is a pickup truck to start buying or just providing a way to remove scrap metal, old computers, electronics, ink cartridges, and other recyclable materials.
7. Event Management/Party Planning – Event management or party planning is also a great option for small businesses. An event planner has to organize a particular event by taking into account the suggestions given by the client. The job requires creativity, patience and the ability to meet deadlines. If having a good team of creative professionals can help you organize your event, it can help you become a successful event planner.
8. Sell online – Whether it’s used or brand new, you can still make a ton of money. This is being promoted through e-bay. There are still some people who have a lot of money and are willing to spend it on important brand-name products. For example, luxury women’s handbags, scarves and shoes are still selling well.
9. Social Media Consultant – With the continuous rise of the social media era and the rise of large social networking sites such as Facebook, Twitter, and You tube, companies are taking advantage of this advantage to gain more exposure for their brands and products. With over 800 million active users on Facebook alone, promoting your business on the top social networking site is now a top priority for business owners and marketers. If you have the social media marketing skills to outsource likes and follows for your clients’ businesses, this business can help you earn cold money on the internet.
10. Pet-related services such as pet-sitting, pet cleaning and grooming services – most Canadians and Americans love pets, especially dogs and feeding, caring for them and pampering their puppies is a priority spending. Kennels, puppy daycares, dog treat bakeries, and dog resorts are a few of the things you might want to venture into.
These aren’t necessarily ideas for a business anyone can start, but you can get some ideas from the list above. But in my opinion, these business opportunities will provide real money making opportunities in 2012 and beyond. Doing the right business in the right place for the right people could turn into a profitable venture for years to come. If you’ve been thinking about selling in 2012, take your time and get things done. Plan ahead, research your market and stand out from the competition. Understanding the sales process is half the battle. With proper preparation, you can ensure a stress-free transition and a financially successful exit from your business.
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