A great idea is the first step to starting a business. But how do you come up with an idea today you’ll be happy about in the future?
One way is to look at small scale business ideas growing in demand. Being one of the first to market in a hot category has tremendous advantages.
Here’s a list of the 16 hottest small scale business ideas of 2019.
Hottest Small Scale Business Ideas of 2019
# 1 – Blogging
Growth in Internet use isn’t slowing down. Since 2012, Internet use has grown by 87%. Adding almost one million new users a day. One way to take advantage of this growth is to start a blog.
There are a lot of good blog niches. Maybe it’s a site like this that dives deep into a subject like finance. It could very well be a recipe blog, a news blog, or on another topic you’re passionate about.
As I’ve been blogging for almost 10 years–I’ve come to learn the incredible benefits of blogging. Not only is income potential quite high but blogging allows you to build some high-demand, valuable skills.
Case Study: View Income Reports from The Ways to Wealth
Resource: How To Make Your First $1K Blogging (free sign up below)
# 2 – Freelance Writing
If blogging isn’t right for you–an alternative option is to become a freelance writer. Websites of all types are looking for quality content writers to capitalize on the trend of increase Internet usage. There are many examples of freelance writers earning over six-figures a year now.
With zero startup costs (all you need is a computer an Internet connection), freelance writing is a tremendous small scale business idea.
# 3 – Bookkeeping
Bookkeeping may seem a bit of a surprise to come on the list. However, the fact is more and more individuals are starting businesses of their own or freelancing. This trend is what’s keeping bookkeeping a growing market sector.
The benefit of bookkeeping is that startup costs are low, as well as required training. It’s a field that in a short time and with little experience you can earn over $60 an hour fairly quickly.
# 4 – Online Surveys
With online surveys, there are no startup costs, no clients, and you can even start earning money today.
There’s been a lot of growth to online surveys, as companies are looking to dive deeper and deeper into market research. Many sites have paid out close to or above $300 million.
Here are 3-legit sites to start with:
- Swagbucks – A reader favorite of The Ways To Wealth, where you can earn good money with surveys. Plus, a number of other ways such as watching videos and searching the Internet.
- MyPoints – MyPoints is another large survey site. Their parent company Prodege has an A+ rating with the Better Business Bureau. MyPoints has paid out over $236 million in gift cards and cash since 1996. Plus, they offer a $5 bonus for your first five surveys.
- InboxDollars – Partner companies include NetFlix, WalMart, Target, & H&R Block. In total, they’ve paid out over $50 million in rewards. It’s similar to Swagbucks; you have access to surveys that pay cash but and can earn watching videos and making purchases through their portal.
# 5 – eCommerce
Beyond reading content, people are coming online to buy things. Amazon’s sales increased over 25% in 2016 in North America. Amazon is quickly expanding into other countries as well.
While eCommerce is growing beyond Amazon, Amazon does make it very easy to start selling physical products on your own.
This is something I’ve done myself. Sourcing a product from a supplier and listing it on Amazon. While I’m just a few months in, I’m very excited about the potential.
#6 – Executive Virtual Assistant
Along with bookkeeping, more solopreneurs and small businesses are hiring remote virtual assistants. Work can entail anything from managing someone’s inbox, to client service, to marketing related tasks.
# 7 – Niche Site Owner
What’s the difference between a blog and a niche website?
Niche sites are in many ways easier to manage than a personal blog. Unlike most blogs, a niche site’s content is more focused. For example, a niche site in the personal finance space would be all around one topic, e.g. Individual Retirement Accounts.
The goal is to become an authority on that single topic.
The benefit of having your content centered around one topic is Google more easily recognizes your site as an authority. This allows your site to generate a lot of free traffic through SEO.
Now, compare this to a blog where you’re typically managing a lot of different sources of website traffic and you can start to see the benefits.
# 8 – Make Money at Flea Market, Garage Sales, & More…
Do you love going to flea markets, garage sales, or browsing thrift stores? If so, you can make money flipping items you find for profit.
Think of this side hustle as buying an asset and selling it for a higher price. Your inventory can be anything you may find at a garage sale.
The goal is to have a superior information advantage. This means understanding the market of what you’re buying, better than the person selling the item.
Robert and Melissa Stephenson of Flea Market Flipper have a Free 5-Day Email Course on making money flipping items. They made over $130,000 last year, so their course is definitely worth checking out to see if flipping is right for you.
Free Course: Learn How Robert & Melissa Make 6-Figures Flipping
# 9 – Online Tutor
If you have teaching experience, you’ll want to check out VIP KID. With VIP KID, you can make good money teaching English online.
As a VIP KID tutor, you’ll get some pretty nice benefits, such as:
- The lesson plans and course materials are ALL provided for you
- Earn on average $19.50 an hour according to GlassDoor
- Work when you want, where you want, and no need to worry about marketing your services as students are waiting for you
- Sidenote: For any fellow basketball fans, Kobe Bryant is one of the lead investors at VIPKID (his investment fund invested $100 million).
There are some requirements for becoming a tutor, you need to know:
- Eligibility to work in the US or Canada
- Bachelor’s degree in any field
- 1 school year of traditional teaching experience or the equivalent in mentoring, tutoring, or alternative education
# 10 – Author
Ten years ago, e-books accounted for less than 1% of the book market. Today, ebooks account for about 25% of total book sales.
What’s nice about eBooks is they can eliminate the publisher from the picture. Now, it’s the author who is making more of the money.
# 11 – Information Product Creator
Fast-growing sites like Teachable and Udemy allow anyone to create and market a course. This has allowed anyone with something to teach, an opportunity to create and sell information products to a hungry audience.
Case Study: How to Earn 6-Figures Teaching Online Part-Time
# 12 – Digital Marketing Consultant
A marketing career is another fast-growing job sector according to the Bureau of Labor Statistics. One of the hottest trends inside marketing is digital marketing.
Clickminded’s guide to digital marketing lists seven different areas of specialization inside of digital marketing. These are:
- Sales funnels
- Content marketing
- Search engine optimization (SEO)
- Email marketing
- Digital advertising
- Social media marketing
- Web analytics
You can certainly build a business out of any of these skills.
Case Study: How I Built a 7 Figure SEO Agency
# 13 – Web Design
The Bureau of Labor estimated a 27% increase in demand between 2014 and 2024 for web designers. A rate much higher than most careers.
Web design isn’t difficult to learn. A great shortcut to high paying work is to specialize in a growing design platform like Unbounce or LeadPages. This is actually how I went from a beginning web designer to have an hourly rate of $100+.
# 14 –Become an Online Coach/Instructor
With being able to connect easier to others across the globe, opportunities are opening up in consulting or coaching. It also means there are more and more opportunities in small niches as the target market isn’t just local.
# 15 – Etsy
Etsy is a favorite of entrepreneurial-minded stay-at-home moms because it offers both unlimited potential and unmatched flexibility.
If you’re looking for a creative way to make money, Etsy is a site where you can list your products for sale. Anything from digital art to crafts sells on the fast-growing platform.
Etsy store owners generated close to $350 million dollars in sales in 2016. This was up from $273 million in 2015.
Case Study: How One Crafty Mom Earns $70,000 a Month on Etsy
# 16 – Affiliate Marketing
Affiliate marketing allows you to sell products of other companies for a commission. While it’s popular for website owners, it’s not required to have a website to earn money through affiliate marketing.