Business innovation ideas for making money
Among all the ideas for starting a business in 2020, it is difficult to choose the ones that are worth trying. You are a student and an employee, and you want to launch your business project? You are right to choose entrepreneurship, but you still have to have a self-entrepreneur or company idea to start and then build your business plan.
Do I start freelancing? Am I launching a startup? Do I start my business on the Internet with what business idea? What are the new profitable businesses in 2020?
We will see with your ideas for starting a business to have a profitable business. These business ideas to create are within everyone's reach, provided you are motivated, open to learning, and ready to give your business project time to take off.
We will see together that among the new profitable businesses, e-commerce or drop shipping can be a good idea of business on the Internet.
We will then give you 20 innovative business ideas for your online business. The best is to create a shop in a niche that is both profitable and sustainable.
Sell dropshipping products
You don't need a revolutionary Steve Jobs or Elon Musk business idea to be an entrepreneur. Each year, many people get involved in selling merchandise online.
So you can launch an online store in dropshipping and sell quality products that you find from suppliers, often in China. By promoting its products via social networks or influencer product placements on your market, you get paid on the margin between the purchase price and the sale price. Therefore, you buy the product from your supplier only when it is sold, which allows you to sell without stock. Here is how the dropshipping business model works, which can bring you significant turnover. This business project requires a lot of work, especially at the start, but little initial investment to succeed. It is one of the most profitable business creative ideas if you know how to promote your products and choose quality products and suppliers.
Launch a print-on-demand store
Have you always dreamed of launching your own clothing brand? With print-on-demand, which is a derivative of drop shipping, you can sell your own designs on T-shirts, sweaters, or caps in an online store and launch the printing of these products with each new order. So you can sell personalized products through Print-On-Demand providers and build a good brand image.
We advise you to launch a POD online store on a particular type of product (for example, caps) or on a theme (for example, Space or animals). Otherwise, users risk getting lost!
Become a freelancer and sell your services
If you are good at digital marketing, have training as a project manager, or have written or used Photoshop, you can sell your services as a freelance on freelance platforms, such as freelancers.com, Upwork, or Fiverr. For example, you can sell a logo design or community management of a website. You can very well do this activity full time or as an additional income in parallel with your business project.
Become a writer or translator
Still, in freelancing, you can very well offer your web writing or translation services. This is one of the best business ideas if you like to write or a business idea that you can do in parallel with another.
For example, on Fiverr, many international companies are looking for site translations localization of articles. You provided, of course, that you have a good command of English to ensure quality translation and to chain good opinions!
You can also do web copywriting if you have a good style for the many SMEs looking to outsource their content production. Companies must have a good blog to be able to be present online, especially on Google, so they need many feathers to ensure production.
Offer training and eBooks
You can also write eBooks or white papers and offer them for sale in the same vein if they have real added value. This may be a list of influencers, an ebook on internet sales strategies, sheet music, and English lessons. As long as the quality and the entry price is not very high, the files can sell without a problem! You can also offer writing ebooks to companies, which will pay more for this background work than a simple article.
You can also get started in online training, using one of the many MOOC platforms. More and more people train each year, and many entrepreneurs are embarking on infopreneurship, like the drop shipper Pierre-Eliott. You can first launch a YouTube channel by offering free content and then offer paid training once you have gained community and credibility. There are online courses for any skill or activity, so you're bound to find a profitable business idea to get started!
Do online coaching
Do you like sports? Are you a management expert or nutrition professional? Coaching is a good business idea on the Internet. Coaching is like training, but much more personalized and advanced. You will really follow the person and help them make the right decisions and be there for them daily.
Sports coaches are numerous and can alternate between face-to-face or online coaching. Some business leaders are also coached by business coaches to improve their speaking or their management. Finally, many drop shippers have been coached by other drop shippers to improve their performance. This is one of the ideas for starting a business that you can do alongside another activity.
Become an influencer or blogger
Although it takes time, you can also decide to become an Instagram or YouTube influencer and then receive money with product placements made on your network. If you are more into writing, you can start a blog that can help you promote a possible training, eBook, or coaching. For example, if you are an expert in digital marketing, you can keep a blog on the latest trends in terms of SEO or social media advertising. The blog will bring more traffic to your site and will also be better referenced on Google.
Make affiliation online
If you are an influencer on YouTube or a blogger, you can then establish affiliate partnerships with brands. With these links that you share with your community, you earn a percentage on sales or subscriptions to the business service. You can thus receive a good passive income each month if you negotiate several types of affiliation.
Sell your creations on Shopify or Etsy
If you are more of the creative and DIY kind that you like to create your own jewelry, objects, or decorations, you can very well decide to sell your creations on the Esty platform or even eventually create your own online store due to Shopify. Many entrepreneurs have started with this idea of creating a business for women.
Become a Customer Success Manager remotely
Finally, you can very well get started as a freelance or remote employee by becoming a Customer Success Manager, that is to say, a customer service consultant! With the Internet, brands need to respond to H24 to their customers and on several supports. This requires a lot of hands, patience, and kindness.
So you can find a job or go freelance to manage chat tools, calls, or social networks of companies. And you no longer have to be in a dismal call center to be able to exercise this profession! You will find many job offers or positions on freelance platforms or LinkedIn.
Profitable business: connected watches (smartwatch)
It was estimated in 2018 that more than 178 million smartwatches were sold worldwide. Connected worlds further increased during containment, with 14 million copies sold in the first quarter, 20% more than last year. Obviously, this idea of commercial activity has great potential. As part of the niche of connected watches, you can sell in dropshipping a whole range of goods that you will find on AliExpress. Smartwatches equipped with heart rate monitors that will attract athletes and patients with heart disease. Think of watches with GPS for all those who travel or who like hiking and outdoor activities, or connected watches with the camera of AliExpress for those who wish to take photos or selfies. With this profitable business idea, the way you market your brand and target your audience can open many doors for the future. It's not just connected bellies that can generate sales. Other types of watches, such as wooden watches or fancy watches, are also popular.
Jewelry has always been a good niche product for drop shipping or to launch your own creations. Women's jewelry is the most popular, including pendants and bracelets.
In the best sellers, we can note the sales of pendants in stone or represent the person's initials.
Offer jewelry personalization: a first name, a quote, or a date. Or even pendants that can house a photo or a personal message. A kind of print on demand for jewelry!
Product idea 2020 - Resistance band
Resistance bands are widely used by athletes to do multiple exercises. They are also used or recommended by physiotherapists in the context of limb stretching and rehabilitation.
So you can target several kinds of audiences with their bands in many countries. Think about it during your Facebook ads!
Profitable Business: Personalized T-shirts
If you want to have a dropshipping business but have an impact on your products, you can choose to do print-on-demand (POD). POD consists of selling t-shirts with patterns or graphics of your creation that you can then print when ordering. It is, therefore, the solution to create a line of clothing or t-shirts without stock. The margins are less important because the raw material is often high. But you can help with POD offer quality and personalized products. You can do your creations yourself or work with a graphic designer to design your products. The POD also works on caps, mugs, and tote bags to sell several personalized products!
Business creation idea: Instax and other niche wedding products
Well, we admit it, it may not be the best year to start a drop shipping wedding shop. But think already of 2021, which will be announced to be the great year of the ceremonies! Many future brides and grooms already supply themselves on AliExpress or in other decoration stores or pranks and catch for their evenings. Therefore, you can choose to make a niche shop on a particular type of decoration (vintage decoration, by color, bohemian, chic, etc.) and offer several products for sale. Because very often the bride and groom buy several products to go to their theme! So it's a very good business idea. Consider targeted promotion on Facebook or product placement with certain influencers because the bride and groom will look for inspiration in Instagram images! Finally, a big star also at weddings, it is the Instax camera which wants to replace the polaroids. Many accessories go with this device and can be sold.
Business idea: the DIY trend
During quarantine, we embarked on a lot of recipes or homemade decoration items. This DIY trend (Do It Yourself) has therefore accelerated in recent months, and even if we resume a normal life, it has taken root in the habits of many people.
So do not hesitate to sell products on this niche or create a commercial activity connected with it. Classes to make your own soaps or beauty products, for example!
There are also many products to do DIY with your children and keep them occupied for several hours. Parents had to tear themselves away during quarantine!
In short, the DIY trend will not falter in the years to come, so do not hesitate to get started!
Product niche: Stickers
Whether they are to stick on your computer or on your wall, the stickers are popular to highlight a city, natural elements, or all rights out of pop culture. You can, therefore, open a shop with certain types of stickers to personalize or not. We can also order print-on-demand.
The idea of startup or product niche - accessories for animals
It is seen and reviewed, but it still works! Pet accessories are still selling well on the Internet, whether it is to remove our favorite animals' hair, to feed them while we are away, to fill them with toys, or to pamper them with XXL beds. An original cat tree, for example, will always be a hit!
Many dog owners also like to dress their pets. In short, the pet niche, even if it is very competitive, can still pay off because the market is huge!
Trendy product idea 2020: Camera cover
While people are more and more sensitive to the protection of their private life, many accessories appear to hide the camera on his computer or his mobile phone. Therefore, you can offer them for sale because they are very trendy today and will guarantee your customers' safety. This product can be very well offered in other European countries.
Reusable product niche: reusable bottles and objects
We always like to have our water bottle near us when we work at our computer or when we go to sport. But the trend is now towards the reusable or stainless steel bottle rather than a disposable and unhealthy plastic bottle. Likewise, bottles that allow you to brew your tea directly or to squeeze your detox water directly are trendy.
Finally, if we go camping, reusable cutlery or other bento boxes are also very popular, intending to reduce waste.
Ideas for setting up a business or niche product internationally
The idea of international commercial activity - Kitchen utensils
The big star of containment, kitchen utensils are on the rise, and once again, it's a fashion that should stay. Kitchen utensils are, therefore, one of the new profitable businesses for the coming years. People try to resist take-out and encourage healthy eating and homemade food. Programs like The Best Pastry Chef or Top Chef makes consumers who dream of doing the same thing at home drool. And quarantine has given birth to new vocations, between growing leaven and making your own pasta.
Therefore, utensils are on the rise, and even more so if they are practical or replace a single-use object. Still, with an environmental concern, wooden or stainless steel objects are the most sought after today. But kitchen utensils can work very well in other international markets. There are molds for shortbread, cupcake kit, utensils to make the perfect pancakes. For example, Americans love fancy objects to pimp their desserts during famous parties like Thanksgiving or Independence Day.
Food film in beeswax
To go further in the kitchen niche, this beeswax product replaces the disposable plastic food film. It is much more robust and environmentally friendly. It is a good example of kitchen accessories currently in fashion because it has two advantages: it is reusable and allows not wasting food and keeping it to the maximum. A perfect product, therefore, which goes into the zero waste trend and can be exported without problem to many countries!
In the same branch, silicone lids are also trendy for storing food.
Business idea: the empire of Yoga
Yoga is starting to take its place in Europe, but it is a true religion in India. You can, therefore, offer accessories, mats, or physical relaxation products after exercise. It is no longer a product niche, and it is a real universe of addicts who do not hesitate to spend to be well equipped. In the same vein, relaxation products are also trendy at the moment, so don't hesitate to test some! Finally, if you are a Yoga pro yourself, you can start your own online classes!
Epilator and other beauty products
Many drop shippers can confirm this, and the beauty niche is a safe bet for generating orders. Whether for the face, legs, or other parts of the body, epilators are often in demand before summer. They were even in high demand during the quarantine. Like what even when we do not go out, we pay minimum attention to its appearance!