There are so many world's best business opportunities to try in 2022. Of course, business success always comes from laser focusing. So, choose one wisely. However, there is potential for success in every opportunity we've included in this list. So, let's start by brainstorming some business opportunities together to help you find the perfect match.
Home Business Opportunities
- Drop shipping
One of the best home business opportunities is dropshipping. Dropshipping has a low barrier to entry, making it a fantastic opportunity for beginners looking to start their first business. In case you didn't know, dropshipping occurs when a seller sells a manufacturer's products, but the manufacturer makes the products, packages them, and ships them to the customer. This makes it a convenient non-stock business. You can sell products in an endless variety of niches like fashion, beauty, pets, home, auto and more. You can even try shop ideas for single products and deliver a single item. If you are looking to start an online business, this is one of the hottest business opportunities to take advantage of today.
Consulting is one of the most common business opportunities. Many specialists are beginning to consult to help a wider range of people with a particular skill. For example, you can be a Facebook ads expert teaching businesses how to run effective Facebook ads. Or it could be a beauty advisor guiding clients to purchase the right products for their complexion. As an expert, you share your experiences with others to help them succeed as well. So, when you are looking for examples of work from home business opportunities, keep in mind the skills you are good at. Then focus on finding people who need help with that.
- Website Flip
Have you ever visited a website and thought, "This has a lot of growth potential?" Well, you might be able to buy that website, build it, and then resell it for a profit. This is known as a site switch. You can find sites with poor performance and good potential by searching manually or by registering on platforms like Exchange for this purpose. After you buy the website, you can improve your earning potential through marketing, SEO and other tactics. Once the website generates more revenue than when you originally bought it, you can sell it for a profit. With websites available for as little as $100, this can be a life changing business opportunity for those with limited funds.
Another business opportunity to consider is freelance work. Instead of advising on where to share your knowledge, practice your skills as a freelancer for other companies. If you're looking for a more autonomous business, you can hire freelancers and delegate projects to them to help your business scale better. Freelancing is an ideal home-based business opportunity as it often involves remote work such as writing, graphic design, photography etc. For example, a company can hire a team of freelance makeup artists and outsource the work for various weddings, photo shoots, and corporate events.
- Print if necessary
As popular as dropshipping is, print-on-demand is proving to be an exciting opportunity in its own right. With print-on-demand, you design your products and a manufacturer print, packages, and ships the products to customers on your behalf. Creative freedom and contactless shipping make it one of the best business opportunities in e-commerce. The main difference between print-on-demand and dropshipping is that with print-on-demand you sell unique products that no one else sells. The challenge is that you may not know what will sell well because you have no one to compare yourself to. But the reward of being the sole seller makes this business opportunity worthwhile.
Small Business Opportunities
One of the best opportunities for small businesses is blogging. Blogging is popular because it gives you the opportunity to create many potential sources of income. You can earn money through affiliate marketing, advertisements, informational products, physical products, influencer marketing, sponsorships, and gated premium content. It's even possible to earn passive income by pre-publishing articles and placing in-content ads, so you earn when a reader clicks on an ad. With so many potential revenue streams, bloggers focus on creating and marketing their content to drive traffic to their website. They advertise using search engine optimization (SEO) and social media to attract new visitors to the website.
- Affiliate Marketing
Small business opportunities such as affiliate marketing are quite common. You can become affiliated with many of the top brands. An affiliate marketer earns a commission for every sale they bring to a brand. Some brands like Amazon pay a small percentage of sales for each product an affiliate brings. Other brands like Shopify pay up to $58 for each customer a partner brings. You can blog, post on social media, or place ads using your affiliate link to generate sales for the brand you are promoting.
- Creating apps
One of the most popular ways for small businesses is to build apps. You can create fun apps like addictive games or useful apps like to-do list. You must have iOS or Android programming skills to be successful in this field. Of course, you can always outsource your app creation to a developer through a freelance site, but that can cost you tens of thousands of dollars upfront for a single app. A better alternative is to take online app development courses and learn how to build a mobile app from scratch. To promote your app, you can work in the media, post on a blog, and mention backlinks to popular articles.
- Create online courses
E-learning is one of the most important business opportunities for the coming years. More and more people are using the internet to study online. The e-learning market is expected to reach $325 billion by 2025. You can create online courses in different niches. Whether you create the online courses yourself, hire people to create the courses for you, or let the course creators use your platform, you can earn revenue from it. It's an interesting opportunity at the moment because it's already popular and should continue to grow.
- Customer service
Many businesses need help supporting their customers. So why not start a business by opening your own customer support company? You can offer to handle requests on behalf of a business via chat, email, and phone. By using help desk software, you can manage customer interactions from a central location. When many companies are interested in your services, you can hire remote chat specialists to expand your resources. As your business grows, it might even be possible to set up a remote friendly customer service business where your employees work from home.
New Business Opportunities
- Cyber Security (Ethical Hacker)
With most of the world online, we are seeing an increase in cybercrime. This makes cybersecurity one of the most important business opportunities to consider. The industry is gaining traction and solving one of the biggest online challenges people are facing today. There is also ethical hacking, which is a little different but can help prevent major cyberattacks or hacks for big brands. Those investing in starting a cybersecurity company will find that this is likely to be an excellent business opportunity.
- Artificial Intelligence
Artificial intelligence is one of the new business opportunities that has yet to make waves. Some fear that robots will take over the world. But artificial intelligence will be part of our society in one way or another. And who knows, maybe humans will become semi-robots of some sort. Companies researching artificial intelligence will be part of one of the biggest industries of the future. Some are already hard at work, but we're yet to see what AI will look like, so this is an exciting business opportunity to explore.
- Cryptocurrency Investor
Although cryptocurrency has already proven to be one of the most popular trading opportunities, it is not yet at its peak. We don't know how cryptocurrency will evolve and grow. However, cryptocurrency investors have a lot to gain in the end if more companies and banks accept cryptocurrencies as payment. Of course, there are always risks and you can lose more than you expected. But all great business opportunities involve risk. Just make sure you do your homework first.
Automation is one of the new business opportunities that you can take advantage of. We've seen companies focused on automation grow dramatically. Whether you're automating retargeting ads or a repetitive task, the automation tools you create can help people save time and money. And that's why people become customers. Solve an important problem. And these are the best business opportunities.
- 3D printing
3D printing is another exciting technology that is creating business opportunities left and right. You can buy some 3D printers (new or used depending on your budget) and offer different services to different companies. A popular service is prototyping, where you print a product mockup so the customer can test its functionality. You can attract small businesses by providing them with the services they need to prove product quality and keep costs down. Contrary to popular belief, the price of 3D printers has dropped significantly due to an increased supply from Chinese manufacturers.
List of Business Opportunities
- Real Estate Investment
Real estate can be difficult because house prices don't always go up. We've also seen a major real estate collapse in our lifetime. However, the money you make from owning multiple rental properties may be enough to give you a comfortable life. This business opportunity is too good to pass up. Since the properties are paid for by the tenants, you can sell the properties when the value has increased. To save on taxes, you can also reinvest the money you earn into buying a larger property like a duplex or condo.
- Dog walking
The pet industry is one of the biggest industries. With so many people owning dogs, we have seen the increase in the number of dog walkers. Walking a dog is a business opportunity that works well in big cities. You can choose to organize packs of five or fewer dogs of the same size. As dog owners learn more about separation anxiety in their pets, they are turning to dog walking services to help their dogs socialize and get some fresh air. This business opportunity has already proven popular, so if you have a passion for dogs, it's worth starting. Sites like Rover and BarklyPets are great for attracting your first customers.
In big cities, people are constantly looking for maids and maids to keep their house clean while they work. The cleaning service presents a potential business opportunity for a smart seller. If you know how to find potential customers, you can hire cleaning staff to clean those customers' homes. You pay the cleaners an hourly rate. However, you can earn significant income from the fees you charge your customers. And on a large scale, the dollars add up.
- Tutoring Company
Business opportunities are common in education. Many people want to learn. This is the reason why tutoring companies remain popular. If your goal is to create a job for yourself, you can be the tutor. However, if you want to own the business, you can hire teachers to teach the younger ones. All you have to do is find clients for online courses. The more customers you have, the bigger your business will be. You can rent office space for a few hours at night instead of investing in your own office space to cut costs. It can help you build a sustainable business.
- Influencer Services
One of the hottest business opportunities is influencer marketing. If you have a large following on social media, you can work with other businesses to promote your products to your audience. For starters, you can work with affiliate programs to see how well your audience is growing. And the larger your audience, the more business opportunities there are for you. You can focus on creating different accounts. Maybe the one where you build yourself or a pet as an influencer. Then maybe another where you create fan sites for a specific topic or niche.
- Photography store
Do you always take your camera with you and like to take spontaneous photos? Yes? In that case, a photography store might be the perfect option for you. To succeed in this space, you need to focus on a high-demand niche. Wedding photography is popular because many bride and groom want to capture the events and moments of their big day. But even if you're not interested in weddings, there are plenty of areas you can specialize in. Would you like to draw more attention to your work? You can contribute to Breast Library, a stock photo site that helps entrepreneurs find stock images to use in their business.
Business Opportunities Near Me
- Uber or Lyft driver
If you are looking for local business opportunities, you can become an Uber or Lyft driver. Remember that this business opportunity is very popular right now. But with the prospect of self-driving cars in the future, this business opportunity may be short-lived. But if you like to seize business opportunities quickly, you can start a ride-sharing service with Uber or Lyft to find customers. This is especially useful for limo drivers who want to earn more income than they can get from a limo business.
- Food delivery
If you're constantly Googling "business opportunities near me," you may have noticed that grocery delivery services are seeing significant growth. You can choose to drive, bike or walk for your grocery delivery business. And you're not necessarily the food delivery guy who should take advantage of this business opportunity. You can also own the business by hiring people to deliver groceries to customers. If you own a grocery store or a restaurant, you can sell the food, snacks or drinks you order. It can be a way to expand the reach of your business.
- Rent on Airbnb
Airbnb rentals are one of the most attractive business opportunities in the local business niche. Finding people to rent out your home or guest room can be difficult. Therefore, it's a great opportunity to expand your audience and rent to travellers. You can charge a price at or near the daily rate of a hotel. So, if you booked the whole month, you would have earned more overall than if you rented to a tenant in the traditional way as the standards are different.
- Open a food truck
Many entrepreneurs have a passion for food. This is the reason why so many people aspire to open a restaurant. However, with sky-high rents in popular cities and fierce competition, many restaurants are closing within a few years. Therefore, opening a food truck is an excellent business opportunity for aspiring restaurateurs. It allows you to serve your own dishes but with a lot less risk.
- Become a personal shopper
If you are knowledgeable about fashion or another field, you can offer the residents of your neighbourhood to become personal shoppers. This is where you shop for people who are too busy or just can't shop on their own. Knowing what's hot and what's outdated can help you stand out from other personal shoppers in your area. You can also take it a step further by encouraging your clients to experiment with something that you think will improve their looks and their confidence.
Also Read: The Business of Luxury Brands