TOP 7 BUSINESS IDEAS YOU CAN TRY OUT

There is no step taken in life that is without risks, being in business has even bigger risks. But then, you should not wallow in misery and think yourself a failure when you have not even put in the work. Asides the normal once- in -a- while cons that a business could suffer, the benefits in business are way more. Being in business would push you out of your comfort zones, of course that is if you are actually determined to succeed in your business. Doing things outside your comfort zones would not only take you away from your distractions but also give you the avenue to invest yourself more in your business. How about being your own CEO? Where you wouldn't have to take orders from your mean boss or be paired to work with your annoying collegue????or even work in that company with poor work-life.

My whole point is, being in business would afford you the opportunity to grow at your own pace, to do what you love and are passionate about and as well earn that financial independence you crave that does not require you to depend on only your paydays to get your paychecks. Above all, you get to control your own work schedules and be creative with all you want.

You don’t have to be worried about being new to the world of business, all you need is to be versatile, creative, innovative, strategic, consistent, and willing to learn new things.

Here are 7 business ideas you can try out whether you’re giving up your professional job or retiring.

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I was in a taxi one day and the driver answered a call, over-hearing people's conversations is not good but trust me, I couldn't unhear it. Apparently he got his car on loan and within few months of working with it, he paid off the money and even has a lot of savings, I mean big numbersss. A lot of people under look the taxi business and think that drivers don't earn much, I'm guilty of this too. But trust me, when you actually think about it, it is a high paying business.

Not everyone can afford a personal car, bike  or even a scooter; they instead opt for public means of transportation. This business involves transporting people from one place to another, in exchange for money. Cars are liabilities, but could become an asset if you decide to put it to use and earn with it. You can decide to offer this business by yourself or hire a driver to do it whilst you get your commission, and you can decide to freelance or just be a client's personal taxi driver. In all of these, know that doing this business would afford you the opportunity to travel as you desire, explore new places and meet new people. It would also afford you flexibility, as you would be your own boss and create your schedules.

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          Many people cannot handle their laundry, whille some pile up too much clothes than  they can wash, some do not like doing laundry at all. Back when I stayed in my school's hall                                  of residence, we had various Laundry business owners that do students' laundries at different charges, I've patronized them severally when I got lazy to wash my thick clothings.

If washing is not a problem for you then you can set up a laundry business. It requires no experienceand it is relatively easy and quick to start up at low costs.

A good thing to it is you can decide to wash for random people or just stick to a circle of people , without pressure and you can open a laundry shop for the service, or if you can't afford a shop, you can do it in your home and go deliver to your clients. In a few months of balancing your schedules, you can decide to add other services that could earn you extra pay like starching the clothes or adjusting clothes for your customers.

           However, before you take up this business, be sure of your target audience, for example, you could target school areas where a lot of students stay, most of them get overwhelmed by school work that they pile up many clothes, you can also target working bachelors who mostly area also overwhelmed with their jobs to do their laundry.

 

If you are always eager to join planning and organizing committees for an activity, or you like to plan picnics, get-togethers, class/work parties, or even family gatherings, then you might have to consider event planning.  It involves coordinating, planning and managing projects or events.

Almost all organizations and brands have adopted events as part of their marketing strategy, they use this to form relationships, build connections and gain the trust and loyalty of their audiences. It follows that event planning business is in high demand.

You however can decide to be a solo event planner and stick to planning specific events like weddings, birthday celebrations, bridal and baby showers or form a team and work on bigger projects like carnivals, trade shows, conferences, seminars and workshops, product launches, corporate retreats,Corporate Galas, and so on.

To start this business, you need to have great organizational skill and be good with networking. To this end, you would not only be doing your business, you would also be adding value to yourself by being more creative, organized and efficient. You would also get to enjoy the dynamic nature of events and make different creations out of these events.

     

If you want to start buying and selling but do not have enough to set up a physical store, then you might have to consider creating one online.Business has gone beyond the known physical or onsite buying and selling. One can buy and sell online and do business solely virtually. Droppshipping is a strategic business that allows you to sell products without owning an actual store or onsite location.

How is works it that you connect a wholesaler or manufacturer to a buyer, while you work like a middleman.

You make your money when you get a product online at a wholesaler’s price and resell to a customer at a higher price, which is your profit. It is an appealing business idea as you need little or no upfront investment. All you need to start this business is an android phone, data subscription, good network, and commitment.

Doesn’t it sound great?

   

If you are well versed in the internet space and you are on multiple social media platforms, then you might want to venture into digital marketing.  

In this business, you promote a business and its products online, through social media platforms like Facebook, Whatsapp, Instagram, Twitter, YouTube and other platforms.

In order to successfully market products digitally, you must develop skills like content creation, social media management, email marketing and you must be able to optimize search engines in order to enhance visibility of the business or product you are marketing.

The digital space is vastly evolving and offers continuous opportunities to learn new tools, strategies and technologies. This business would definitely help to keep your skills relevant in your various surfing and working online.

You can work remotely also, at your own pace and time and compared to the traditional modes of advertising, digital marketing often offers a more cost effective way to reach target audience.

     

One of the skills that remain highly demanded in this world today is Copywriting. Business owners and product designers employ it in driving more customers. Copywriting is a marketing strategy that involves the process of creating written content, known as ‘copy’ to make customers consider buying a product or employing a service.

If you are a great writer with great compelling skills, you can try out copywriting. On the contrary also,you don’t have to be a world known writer to write a copy, you just need to acquire the skill. You can take classes online, read books on copy writing or find a mentor who can put you through it.

Remember, the world is filled with businesses and there are hundreds of these businesses in constant need of someone who can write compelling copies for them; in other words, this business is highly demanded.

          7. Real Estate

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Do you also have that realtor that keeps posting 'do real estate!!!' 'buy land!!!' trust me, do not discard that info. Real estate business is the buying, selling, investing, renting and development of properties.

Unlike stock market, real estate does not fluctuate or crash. It is a business that has potential for long term gains and consistent cash flow. This is majorly because it deals fundamentally with land and land they say ‘does not tarnish’.  

In other words, real estate’s benefits derives from the appreciation of capital assets. For example, if you purchase a land, the value of the land increases over months or even over years and you can get to sell off at a higher profit. Also, if you own residential properties and decide to rent it out to tenants, you would keep getting profits over rents paid by them for the duration of time they spend staying on the properties.

When done in a proper way, real estate is a stable source of income, it increases wealth over time. It is also a sure supplement in your retirement days, as you would keep getting income from your properties.

Few real estate businesses you can venture into include: commercial real estate, real estate flipping, residential rental properties, real estate wholesaling and industrial real estate.

Try out this business and tap into 'oil' money!!????

Conclusion

It can be highly demanding to start a business and stay successful in it, it could even get frustrating at a point. However, it is also rewarding. As someone new in the line of business, it can be hard to decide what to do, these 7 business ideas above are your best bets as they are not only in high demands but also very profitable.