Developing Your Business Idea

Developing Your Business Idea

Next, you’ll need to create your YouTube account and get to grips with understanding the platform . Developing a strong content plan will be key to your success and take at least 2 to 3 weeks. Now its time to create your social profiles, newsletter templates /captures and put together an ongoing marketing plan to grow and retain your audience through these channels. If you’re feeling stuck on good business ideas or want to come up with more, there are a few ways to brainstorm even further. Keep a brainstorming board, be it tactile or digital, and plaster your ideas there whenever they come to mind.

In terms of marketing, you can use SellMyApp and Fliptopia to list your applications for sale, make sure to assess what’s popular/pricing before building an application to make sure you make a healthy return. Buying and selling on eBay is an art form, there are many bargains and undervalued items you can find, correctly re-list on the platform and make a profit. You can also buy from other platforms (i.e. Alibaba) and resell on eBay to make a killing. Next, you’ll need to purchase your domain name, set up hosting and create a blog style website using a website builder or WordPress .

Pet sitting

Blogs are online magazines in a niche that people read for advice, information and resources. Your business idea must work within the constraints of a start-up business. Conceptually, ideas may look like money-makers but unless they’re able to be made and sold profitably and linearly then it will be next to impossible to commercialise the idea. Likewise, inventions may require such large amounts of start-up capital to render them untenable. If your business idea focuses on a product, speak extensively to manufacturers before starting-up to ensure you can get the product produced cheaply enough in the early stages.

  • This is partly true; however, you also need to find the right idea for you.
  • Craft stalls were the fastest growing small business trade in 2021, with growth of 237 per cent compared to 2020.
  • From there you register on UpWork and PeoplePerHour, then take on as many freelance gigs as you can get your hands on.

Car boot sellers will typically source goods from house clearances, car boot sales and wholesalers to resell these products at car boots at a margin. From there, it’s all relationships game; personal training empires are built of word of mouth referrals from happy clients. To get started securing clients, you should consider partnering with a local gym to reach their clientele. This is arguably one of the easiest businesses to start, and the upfront capital costs are low (you’ll need basic cleaning supplies and equipment to start).

Getting independent advice about your business idea

As a cleaning business, you have two markets to choose from, you can either choose to serve the residential or commercial market (meaning you can clean people’s homes/property or offices/business premises). Get paid a cut to help companies raise finance from abusiness angelorventure capital fund. There’s a massive market for it and the contacts sfcarinsurance.net you’d build will be literally worth their weight in gold. Many fundraisers specialise in specific verticals such as MarTech, Fintech and GeoTech. IT support businesses are largely knowledge-based endeavours that will require you to have a good understanding of different operating systems, security systems (including anti-virus) and hardware .

Financial adviser

You would be amazed at the amount of rubbish that people collect over time. Eventually, spring comes around and everyone wants to clear out the house, and you’ll be ready to help! All you really need to get going is a truck or lorry where you can collect old clothes, kitchen appliances, broken furniture, etc.