As the economy continues to improve {following the shocking period we have all experienced on a global scale over the past 2 years}, many aspiring entrepreneurs are turning their small business ideas into reality. Moreover, a lot of new graduates will be entering the economy {jobless}. Also, some skilled professionals may have lost their jobs over the past 18 months due to the impacts of the Covid-19 pandemic. As we are approaching the year-end, when we all usually take stock of our lives, now may be the best time to start {seriously think} about starting a new company.
Here are a few Startup Ideas for 2022.
Startup Idea 1. Dropshipping:
Dropshipping is a lucrative business idea where there is no need for a store to keep products you sell in stock. Here the third-party supplier, you work in tandem to sell products to customers and work as the storing place for the products you sell. Furthermore, you need not even have to handle the product directly as well. It is just pure management, networking, and collaboration. So, if you want to sell a product, then perhaps you can consider dropshipping.
Startup Idea 2. Print on Demand:
People that require quality printed merchandise and marketing material will always be around. The younger generations have mainly grown green on printed merchandise such as t-shirts, mugs, phone cases, etc. It has turned the print on demand into a lucrative business idea to pursue as a startup. You can collaborate with artists and suppliers who are into printing designs on the product and take charge of the logistics, such as product delivery to the customer. You can further market your business through a partnership with Instagram or Facebook influencers. Also, one of the easiest ways to start this business is simply by setting up a Shopify or Wix store.
Startup Idea 3. Home-Based Food Catering:
Is there a chef hiding inside you? Watched enough Gordon Ramsey and Jamie Oliver reruns? Now is a great time to unleash it and check its potential through home-based food catering. The best thing about this business idea is the investment. The investment here is flexible depending upon the size of the set-up you want to establish. You can start with a decent investment and pick your neighbours or friends as your first customer. Furthermore, you can even build a website and join hands with similar platforms to offer home delivery services. As people become lazier and looking for convenience, i.e., ordering an affordable meal while laying on the couch watching Netflix, you will have a market.
Startup Idea 4. Online Tutoring
Online tutoring is another lucrative business idea to pursue with online training and online education growing in demand. Ever since the Covid-19 impacted the traditional forms of education, online tutoring has seen increased demand and achieved growth. Hence, if you are an expert in any subject and have the drive to teach, you can opt for online tutoring. You can use skype or Zoom or MS Teams or Google Chat to take classes. Furthermore, you can join in-demand online tutoring sites in your region and start your online tutoring business.
Startup Idea 5. Content Writing
With the internet presence critically crucial for every business to flourish, the demand for content writers has become more than ever. Besides, content writing has forever been a significant part-time or full-time job. Also, nowadays startups are keen on working with freelance content writers to develop and write content to promote their products and website. Also, content writing is an ideal space where you can quote your price and select the clients you want to continue working with for a long time.
Startup Idea 6. Meals-to-Go
Meals-to-go is more like the bigger version of home-based food catering. The significant difference is the investment which is considerably higher to set up a meals-to-go business platform. To run this business, you will have to offer a variety of cuisine options. Also, you can sell food across neighbourhoods, cities, and even your province. All it requires is a rented kitchen equipped with all the essential supplies and resources.
Startup Idea 7. Translation
With social media spaces allowing people to take their business worldwide, multilingualism is a huge bonus today. It can enable a company to collaborate and negotiate better with clients who may not be familiar with a universal language, i.e., English. Besides, you can use your skill to work as an independent translator too.
Startup Idea 8. Baby Products
According to The NPD Group, parents are buying a lot of products for their children. NPD says juvenile-products had revenues of $7.35 billion in 2020, up 6.5% in a year {in the USA alone}. The most popular categories were:
- Safety products, including health & grooming products and baby gates. 2020 sales hit $587.5 million, up 35% from 2019.
- Furniture sales came in at $952.1 million, up 17% from 2019. Top sellers in this category included cribs, toddler beds, and children’s and baby furniture.
- The entertainment category, including activity seats/jumpers, and swings, rang up $963.6 million in sales.
Read More: Business Valuation 101 – How to Value your Startup {or Existing} Business
Startup Idea 9. Toys
Retail sales of toys continue to boom, generating sales of $25.1 billion in 2020 {in the USA}, up 16%, according to a report from The NPD Group. Many of these sales took place online, boasting an amazing revenue growth of 75% growth from 2019 to 2020. NPD recommends brick-and-mortar retailers continue to offer BOPIS (buy online, pickup in-store) or curbside pickup options since they provide convenience to busy parents. Fashion dolls and accessories (+56%), sports toys, including skates, skateboards, and scooters (+31%), games (+29%), building sets (+26%), and summer seasonal toys (+24%) were top sellers.
Startup Idea 10. Beauty
One of the fastest-growing categories in the beauty industry is products targeting male customers. The personal care market for men “has grown exponentially over the past decade and should hit $166 billion by 2022 globally,” according to Allied Market Research.
Read More: Buying a Business vs. Startups: 12 Possible Reasons Why One is Better
Startup Idea 11. Food Truck and Ghost Kitchens
If you’ve always wanted to be in the food business, but the startup costs are too high, consider starting a food truck business or launching a ghost kitchen. Ghost (or virtual) kitchens thrived during the pandemic. They offer take-out and/or food delivery only and often can operate in less costly parts of a city. A report from industry insider, QSR Magazine, said this about quick-service restaurant operators (QSRs): “You can see the appeal. Virtual kitchens are stripped-down commercial cooking spaces with no dine-in option. Functioning as hubs for online delivery and catering orders, they circumvent the need for costly buildouts in premium locations. Less prime real estate also means more space to accommodate delivery and catering vehicles that would otherwise jockey with customers for parking space.”
Need some Specific Startup Advice? Feel free to make contact with our Founder, Dr. Thommie Burger.
