Business Ideas for Young Entrepreneurs: A new business idea can come from anywhere, and it’s often the most unexpected places that result in the most successful companies. If you’re thinking about going into business with your friends, brothers, sisters, or even your parents, don’t dismiss these ideas out of hand! Consider these 10 business ideas to get you started.
Business Ideas For Young Entrepreneurs
Provide eCommerce Payment Services
If you’re new to e-commerce but want to get into it, setting up a payment solution is one of your best bets. Payment services allow sellers to accept credit cards and other forms of payment, cutting down on merchant fees and risk exposure. Payment service providers are particularly attractive because they can be set up in just a few hours and require little to no upfront capital investment.
But beware: these services come with high rates, typically around 2%, that you’ll need to factor into your overall business plan. That may not seem like much now, but when you consider all factors (including fees paid back to PayPal, which processes credit card payments), you could be paying as much as 7% in processing costs alone—before you even pay your staff or stock inventory!
Paying that kind of overhead makes most eCommerce operations unprofitable, so do some research before committing to a provider. Keep reading below to see which businesses we recommend if you’re thinking about accepting online payments…see link above.
Branding yourself: It’s hard work being an entrepreneur, especially if you don’t have experience under your belt. You might find it difficult to market yourself as an expert or authority figure when you first start out—but there are plenty of ways to boost brand awareness without having deep pockets.
Develop an App That’s Useful in Multiple Ways
For example, if you’re an expert in food trends and you have a passion for wine, maybe you could create an app that helps people explore local restaurants and fine wines by syncing with their Google calendars. If you can get your app in front of enough users, it might actually be pretty lucrative. You could charge restaurants to list their wines on your app or offer it as a free service and make money from advertising or from offering premium services like pairing recommendations or sending personalized wine-tasting notes to subscribers.
The possibilities are endless! Have fun brainstorming and collecting feedback! My startup is off to a great start, but I’m not sure what business idea would be profitable at first sight. What do you think? What kind of apps (or platforms) do they want in general? This may help me narrow down my choices.
I don’t want to build something just because others tell me it’s cool right now; I need practical experience behind my business idea/platform. Also, how can I finance it? Is crowdfunding only viable if there’s already a proven customer base willing to pay upfront before launch?
Start a Yard Maintenance Service
If you’re a young homeowner, consider starting a yard maintenance service. Instead of paying someone else to take care of it, hire yourself out to keep your own lawn in shape and help other people with theirs. You could offer an all-inclusive price or create packages to help people pick and choose what they want to be done each time.
It’s a relatively low cost startup since you don’t need any equipment, permits, or employees. Plus, as a one-person operation you won’t have much overhead—simply deliver finished work when it’s done! To get customers, use social media to reach out to people who are interested and see if they’d be willing to let you market your services through their accounts.
Don’t overlook classmates, relatives, or neighbors either; local flyers are another great way to reach new customers (or repeat customers). Ultimately, there will always be things that need mowing; by offering quality customer service, good timing, and affordable rates you should do just fine!
Set Up a Plant Nursery Online
This business idea is geared toward an older entrepreneur and his/her children. Have you ever thought about setting up a plant nursery online? It’s a simple, easy way to make money from home that anyone can do, regardless of experience. Here’s how it works: You sign up for a plant-delivery service that lets you set your own hours and earn extra income picking out plants for customers.
They’ll even deliver them to clients’ homes or offices when they’re ready! The best part is that once your clients receive their plants, they can post photos on social media sites — meaning you get free advertising just by helping people beautify their surroundings!
Sell Crafts and Homemade Products Online
Selling crafts and homemade products has a few great advantages. First, it can be very lucrative, especially if you do it full-time. Second, you don’t need to provide any type of physical service or guarantee customer satisfaction – you simply sell a product that someone else made.
Third, you can use websites like Etsy or ArtFire as online marketplaces to list your items; many entrepreneurs say these sites are their primary method of starting and growing their businesses. If you’re good at crafting something unique and have an eye for detail, selling on these websites could help you start a business without owning an actual brick-and-mortar shop. (See also: 7 Residual Income Ideas That Can Change Your Life)
Become an Influencer by Providing Tips or Advice Online
If you enjoy sharing your expertise with others, becoming an influencer might be a good business idea. By taking to social media or blogging, you can build up credibility and possibly earn money or even sponsorship deals. Start by building up your own following and brand name—you’ll soon be able to generate income directly from your followers.
To get started as an influencer, look at other business leaders in your industry and begin building relationships with them on social media or via email marketing. You could also join online communities where you can provide your followers with content that will help them solve problems or learn about something new.
Write an Ebook, Then Use Social Media Marketing to Promote It
While writing an ebook takes a fair amount of time, as does marketing it, ebooks are a great way to build your personal brand and gain credibility. If you’re just getting started, you can easily self-publish an ebook on platforms like Amazon and make money online from home with very little startup cost.
Check out sites like Authentica or Contently for more information. Before long, you could have a steady side income stream through affiliate links in your site’s sidebar or content. Plus, once your ebook is complete and published online using one of these platforms, it’s easy to send people straight to its sales page on Amazon (or other platforms) with just a link without having to do much else in terms of promotion.
In fact, of my own book The Lost Girl’s Guide to Life: An Autobiographical Practical Self-Help Book I only sold 40 copies before I left Boston and moved back home; but after I got back, and got heavily involved in social media promotion thanks to my knowledge gained at Harvard and during my classes at Emerson College; I was able to sell 866 copies within two months, netting me almost $3000!
You don’t need much technical skill for that type of marketing. Just learn how to use social media – Twitter, Facebook, LinkedIn, etc., start following influencers related to your niche who are interested in what you’re selling – then start promoting yourself based on their conversations! It’s easy cash when done right!
Build a Healthy Lunch Box Service
With most kids now eating lunch at school, providing homemade lunches can be a great business idea for young entrepreneurs. For busy parents, planning meals ahead of time and thinking about what you’ll serve your children can feel overwhelming. A lunch box service can help by sending fresh ingredients and recipes home each week, leaving families with one less thing to worry about.
Other services that businesses may provide include food safety education, grocery shopping, and meal preparation. However you choose to do it, there’s definitely a business opportunity here! Keeping your car clean is essential to avoid becoming embarrassed when using it or attracting undesired attention from thieves.
Some might prefer to get their car professionally cleaned while others will look into making some tips on how they can clean their car themselves in just minutes as an alternative means of cleaning their vehicle with no expenses involved yet manage to reach satisfactory levels of cleanliness.
Either way, there are numerous quick tips on how you can keep your car cleaner longer regardless if they are used commercially or domestically; those who care and want clean cars to learn quickly that details make all the difference whether inside or outside which is why so many brands have been formed over just detailing products; below are 4 easy tips related to automotive detailing at home…
Offer Personal Training at Home or at Clients’ Homes
If you have a background in exercise and sports, why not offer to train clients in your home or at their homes? For example, there are always new parents who want help getting back into shape after having a baby. If you’re comfortable with babies, offer that as well.
You could also do in-home training if you have a background in martial arts and self-defense, or bodybuilding. Offer free consultations to find out what people are looking for, and then start scheduling appointments! When starting out, make sure to build your clientele one person at a time—you don’t want to invest money on an entire course if no one is willing to buy it.
Create a Niche Website About Anything You’re Passionate About
Chances are you’re passionate about something—cars, sports, gaming, fashion. There’s no reason why you can’t use that passion to make some money with a website of your own. It doesn’t take much to get started in blogging: just follow these simple steps. You can also choose to set up an online store and sell items related to your website (e.g., books or clothes).
Either way, your online business will be like having a part-time job that pays as you go! And speaking of pay, there are several different ways to monetize your site, including online ads, paid subscriptions, and affiliate marketing. Basically, anything goes when it comes to making money from your niche website.
The most important thing is sticking with it long enough to reap financial rewards. Dedicate 3 hours per week to building an internet-based business until you have a steady source of income coming in $$$$.
Also Read: Business Ideas For Passive Income
Conclusion
You don’t have to wait until you turn 18 to start your own business. In fact, creating your own business at a young age can teach you valuable lessons that will follow you through life. It also puts money in your pocket, which is always great when you’re still young and learning how to manage money responsibly.
As with most things in life, starting a business requires hard work, patience, and a positive attitude; however, all of these characteristics can be cultivated over time with experience.
If you want to start your own business and are curious about where to begin or need help getting started with one of these 10 businesses ideas for young entrepreneurs, just ask an adult who is familiar with running his or her own business.
