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Best 4 Small Business Ideas For You

Video Production Business

Are you the individual who always has a camera with her or the kid who used to record all of your family’s events and memories on a video recorder? If so, video production could be one of the best small business ideas for you. With the rise in popularity of video on social media platforms and the internet in general, those who can shoot, edit, or both are in growing market. Even if you have no prior video or graphic design experience, there are numerous online courses that can teach you how to cut and edit video using Adobe or Final Cut Pro.

With the increasing popularity of video, this is another low-cost business you can start in your own home. Moreover you can use video maker with artificial intelligence to speed up your process. Plus, once ones videos are out there, your production company will benefit from automatic marketing.

Dropshipping Business

What exactly is dropshipping? Dropshipping is when you sell a product online but don’t have any inventory or fulfil the order. Instead, you send the order to the manufacturer, wholesaler, or another retailer, who will deliver the item to the customer.

Is it possible to make a fortune in your own dropshipping company? Yes, it is conceivable. Nick Peroni, for example, was interviewed by CNBC and has had tremendous success. Peroni, a former US army soldier, started his dropshipping business on the side.

He went full-time after a few years, testing a number of products before finding some big successes. In less than a month, he sold $150,000 worth of fleece lined leggings. He also sold a garden trimming attachment for $1.9 million in six months.

So the big question isn’t whether you can make a fortune in dropshipping, but whether you will. If you first learn how to start a business and carefully evaluate the market, your potential customers, your competitors, your potential products, and your possible sources, you will greatly increase your chances of success. Then you must create a well-thought-out strategy as well as a business plan.

Will your dropshipping business be an instant success if you start it carefully and meticulously? Most likely not. Any product-based business, including dropshipping, is more risky and requires more effort to succeed than a simple, repeat customer service business. However, the potential upside is enormous.

To make a go of it, you’ll almost certainly have to experiment with different products, different sources, different pricing, different ad copy, and different ad venues. And you’ll have to be patient, spending very little money until you’re certain you’ve discovered the right formula.

So, to get started, do your homework first. Learn everything you can about how to run a successful business and then carefully plan your strategy. Begin with a small number of carefully selected products. Then try out various promotional venues. Among the many options are Facebook, Instagram, and TikTok. Also, experiment with different ad copy and pricing.

If your dropshipping business grows, you might want to switch to stocking and fulfilling orders yourself. It’s not difficult to accomplish. We always stocked and filled our own orders for my book business, even when I was starting out of my basement apartment.

Dog Walking Business

Dog walking is a simple business to start, but it can be quite profitable. My young niece started a dog walking business and turned it into a profitable full-time job almost immediately. She supplements her income by doing dog training, dog sitting, and overnight dog boarding on occasion.

Of course, it’s also a good part-time job! You can begin by walking one dog and work your way up. It doesn’t get much more straightforward than this.

What makes dog walking such a successful business? You have a lot of regular repeat customers. If they like you, they will continue to use your service indefinitely and will tell their dog park friends about you.

You are not only increasing your income, but you are also increasing the value of your company as you grow your list of loyal customers. That means you can sell your business for a profit if you get tired of walking dogs. Several dog walking businesses have sold for more than a million dollars.

What is the secret to dog walking success? Keeping your customers happy and attracting new ones requires digital marketing. Dog walking is an ideal business for digital marketing because it caters to a very specific and enthusiastic target market.

You can target dog owners in your zip code with ads on social media and online ad networks. You can also create content that they would enjoy reading about, such as the best dog parks in the area, great places to walk your dog, local veterinarians, pictures of local dogs, and more!

Moving Company

Another great business to start small and grow at your own pace is a moving company. You can even keep your day job and concentrate on the busiest moving days of the year – weekends and holidays. Because most moves are local, the demand for local moving services is enormous.

You can start this company with no capital by renting vans or trucks as needed. This will enable you to obtain the exact vehicle size you require for each move. U-Haul and other truck rental companies will also sell you insurance and supplies. You can hire helpers on a daily or hourly basis.

Instead of charging by the job, I recommend charging by the hour. You’ll still get paid the same hourly rate if the customer underestimates the number of items to be moved. Offering packing services is a good way to supplement your income.

Let me use Larry O’Toole as an example of someone I know who started his own moving company. Larry started his career as an engineer but wanted to branch out. While pondering his options, he tried renting his roommate’s van and offering moving services. His moving company now has 20 locations in major cities across the country, over 100 trucks, and nearly 1,000 employees.

How has Larry managed to be so successful in such a crowded field? For starters, he named himself Gentle Giant. For years to come, a great name can serve as a built-in advertisement for your company.

Larry also set out from the start to clearly differentiate his company from its competitors, which included building a strong employee team and providing a high level of service. This allowed him to establish a loyal customer base, increase word-of-mouth advertising, and charge premium prices.

 

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