BEST BUSINESS IDEAS IN 2020

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  2020 has been a wonderful year for everyone. A lot of business has closed due to the pandemic. Many have also lost their jobs, loved ones,...

business ideas
 

2020 has been a wonderful year for everyone. A lot of business has closed due to the pandemic. Many have also lost their jobs, loved ones, and money within this year. due to limited job opportunities, one has to try out other business ideas during and after the post-pandemic period.

This article is the list of the best business ideas you can try out this year. Let’s take a look at them.

Blogging

This is one of the easiest business you can start in 2020. If you have a passion to write, then you should try bogging. There is a lot of blogging platform that can help turn your passion to a source of income.

With little or no capital you can start blogging on Blogger.com. But, if you want to launch a well-built blog, WordPress.org would be best. You can also use websites like Medium to share content without owning a blog.

Check our article on the best blogging platforms and chose any one of them.

Note, money won’t roll in immediately you start blogging. It takes time and consistency to earn money from the business. You need to create content that will attract an audience –good keyword research can help you find topics to write on.

Start an online store

If you own a local store or you have goods you sell — opening an online store will be best for you. Many online stores were popular due to the pandemic. So you need to tap in to earn from it by starting an online store.
With the online store, you can reach out to a lot of people online and close a lot of sales. It may not be easy but with a lot of work, your online store can be a success.
You can get a web developer who can create a website for you on any niche. After which you can post items for sales on the website. Ensure you let your customers know your online store address.
Besides, you can use social media sites to reach out to customers. This way, you can advertise to a lot of people and get more customers.
Make sure, you agree on the method of payment with your customers. Most online stores do prefer online payment with payment services like PayPal.

App development

This is one of the business you can start with little or no capital. App creation can earn you a lot if you can monetize them. You don’t necessarily have to code or develop the app your self; there are freelancers on websites like Fiverr that can develop an app for your business.
Another way to earn is by becoming a freelance app developer. You can join freelance websites or communities to find clients that come for app development.
All you need to know how to code and how to use app creation software. With this, you can make a lot of money in the comfort of your home.

Become a YouTuber

If you have the passion of staying behind screens this is the right time to be a YouTuber. Youtube videos record billions of views daily. You can use the opportunity to either drive in traffic to your site or advertise your products.
Youtube can also pay you if your channel meets their requirements. YouTube offers AdSense for channels that have the required amount of subscribers and viewers.
Just like blogging, keywords are important. Do keyword research on your niche. With this, you can find the best keywords for your videos. Ensure your video keywords have no video result in the top 10 google search result.
One good thing is that you don’t have to buy an expensive camera to start with. Most smartphones do come with a quality camera – get one and you are good to go.

Design website and graphics

A web designer is someone who can design and code websites. To be one, you need a good knowledge of graphic design. Though there are some apps where you can develop web forms without a need for code.
You can also design graphics like logos for clients on freelancer websites like Fiverr. Good knowledge of graphic tools is all you need. You don’t even have to own a laptop to start – a smartphone can do a lot.

Affiliate marketing.

Affiliate marketing means earning income by promoting other people’s products. With this, you can earn a living from advertising a product you like. Commissions are allotted to you when a visitor buys a product.
Popular affiliate programs available include:
  • Amazon affiliate
  • Aliexpress affiliate
  • Jumia affiliate
  • Shopify affiliate
To get started, select a marketable niche then find the best suitable affiliate programs with the products. You can advertise the products on social media or in your website’s ad space.
Note: you may need little knowledge of copywriting and SEO before you dive into affiliate marketing.

Become a freelance writer

This is one of the businesses you can start with no capital. You can start writing for businesses on any niche you can major in. Once people find out you are good, they will be ready to pay high for your services.
Searching for clients may be a challenge but don’t worry, there are freelance websites you can join to find clients. The most popular ones are Fiverr and Upwork. You can also join a blogger’s community to find bloggers who want content for their blog.

Dropshipping

having an online store may require huge financial and time commitment. Not only in designing the website, but you also need to buy the product, store the and ship the to the consumer.
Dropshipping store is different from the regular online tore. You only have to do a part of the job with the dropshipping store. It allows you to list a product for sale on your website without storing or shipping the product. The storing and shipping will be done by a third party store.
When someone order for a product on your website, you will then help them place an order for the product on a third-party store or manufacturer who then ships the product on your behalf. This will save you time and resources. Third-party stores you can use include Amazon, Shopify, and eBay.

Be an SEO expert

SEO is the process of making a website rank high on search engines like google and Bing. Once websites rank high, it will get traffic and in turn generate more revenue for the website.

Conclusion

The pandemic has shown why you need an online business.  Though most countries are now opening their economy, that shouldn’t stop from starting your own business. With these business ideas listed here, you don’t have to wait to earn an income.

If you try out any of the business ideas listed here, you may own your company by this time next year.


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