If you’re looking for a new profitable business idea this 2022, you are in the right place. This write-up is tailored perfectly for you.
Entrepreneurship is not easy. You cannot just decide to put up a business on a whim and let time decide whether you’ll fail or not. There are many things that should be considered, especially now that we are in the “new normal” where people have found a unique way to consume services and products.
The economy is recovering from the fatality of the pandemic, but if you are thinking of putting up a restaurant or retail business in these times, you might want to rethink your idea. They may be great ideas back in the pre-pandemic era, but we’re still on edge, so try to see how the next year will play out.
Rather than going for traditional businesses, try to put up ones that can support how people live their lives now.
With the emergence of the internet, you have a lot of opportunities that could bring you success. At the same time, the world is moving as quickly as lightning, so the business ideas you have in mind might come to life and become irrelevant before you build them.
There’s no need to worry, though. There are businesses that are yet to become irrelevant and were, in fact, projected to boom in the next few years.
Here are the profitable businesses you can start now:
Amazon Trading
The primary purpose of every business is to make sales from selling a particular product or service. Some businesses manufacture their own goods, while others have suppliers to provide the products for them. Either way, both have the same goal— to sell. And Amazon can provide you with a platform to do that.
You can sell anything you want on Amazon without going through the hassle of managing your own inventory. You can let Amazon take care of the hard work.
I bet this question is playing at the back of your mind right now: What should I sell on Amazon? Well, this is for you to decide, but have you ever heard of Alibaba?
Alibaba is a famous eCommerce, similar to Amazon, based in China. Items listed on Alibaba— from clothing to gadgets and accessories— are often priced way less than they are getting sold in the United States.
Now, what you have to do is to utilize both platforms. You will buy from Alibaba for a very low price, and you’re going to sell the item at a higher price on Amazon.
To make sure that your business will thrive, conduct a market research first and find the item that is in demand. However, you should not take this business easy since the online market is saturated, and the competition is getting stronger. Make an effort to stand out among the rest.
Put Ads in Your Car
This seems to be just a joke, but you could truly make money just by putting ads in your car. Putting advertisements in your car can be a bit mortifying, but why would you care about what others think? Their opinions won’t make you money!
The extra income you can make by putting ads on your car can range from $100-$500 every month. This isn’t much, but it’s better than nothing, right?
If you have a car loan, this could be a good income source that you can use for your loan repayment. Or you could also set aside this money for your savings or emergency fund.
Start a Fitness and Wellness Blog
Fitness and wellness are one of the most profitable niches now, especially after people realize the importance of health after the pandemic’s pandemonium. Even Apple has launched its very own fitness app, and when such a big company gets into a certain industry, it only means success.
You can venture into this business by merely showing a video of yourself getting into shape. If your video entices and inspires people to work out, you can have a loyal community dedicated to watching everything you post. Once you establish a strong and solid community, you can monetize this mass audience and make money.
License Your Pictures
Technological modernization made it possible for us to monetize everything, even something as trivial as your photographs. You could actually make passive income out of your pictures.
Content creators are in need of, of course, content. They need images, illustrations, and videos to create the best media content they could possibly make. Typically, they get these resources from free image platforms like Pexel, Pixabay, Shutterstock, etc.
What you have to do is to upload your images to these websites and name your price. You could also put it up for free and just accept donations from anyone who wants to give.
As long as the images you have are pretty decent, you can give this business idea a try!
Monetize Your Ideas
Your mind is your greatest asset, and you can make a lot of cash out of it. If you often have a brilliant idea that you share with your friends over a cup of coffee, you could share them instead with a larger audience and monetize them.
You don’t necessarily need to create videos since they are a bit complicated to make. Try setting up a website, or ask professionals to do it for you, and then write down every idea you have to share with the world. You could put up advertisements on your website, which can give you generous revenue depending on your website’s performance.
Government Bonds
Government bonds are the safest and easiest avenues for passive income. All you have to do is loan your money to the government, and in return, you will receive loan interest that yields more than 2% per year.
The government will then use your money to build infrastructure, schools, and things alike to improve the quality of living in your entire country. This would help boost the citizens’ productivity, leading to an income raise, which would then increase their tax contribution. Basically, the interest you will receive will come from the very tax you pay.
If you become impatient and can’t wait for the maturity of your funds, you can sell your bonds in a secondary market.
The chances of having the US government bankrupt are near zero since it is the country’s source of the dollar, so you can rest assured that your investment will not be put to waste. This is an ideal option for anyone who doesn’t want to go through the hassle of individual stock investing and wants to play things safe.
Online Tutoring
People have been talking about how trivial college degrees have been in the last two decades. Yet, a lot of people seem to set aside this fact and continue following the educational norms to do what everyone else is doing. Well, not until the coronavirus outbreak happened.
An astronomical quantity of people took a break from their schools and universities since it’s quite outrageous to pay expensive tuition fees while receiving mediocre education through an online class.
Online classes aren’t bad at all, but it’s quite hard to connect with the teacher on a personal level when there are so many of you in class. Perhaps, this may be the reason why online tutoring (one-by-one) is on the rise.
If you are good in any subject (e.g., Math, Science, English, etc.), millions of opportunities are waiting for you out in the online tutoring market.
