Introduction :
If you’re looking to start your own small business in 2022, it’s important to find something that you can make money on. To do this, you have to know the current small business trends and what people will be willing to pay money for. That’s why we asked successful entrepreneurs to share their best small business ideas in 2022 with us! Here are their responses
1. Get credit card machines
These days, most people want to pay with plastic—and not just at restaurants. More and more small businesses are using credit card machines to make life easier for themselves and their customers. There’s an old saying that cash is king—but it might be time to amend that to cash is also queen. Credit cards aren’t going anywhere any time soon, so learning how to accept them will pay off. You may even find that taking credit cards brings you new customers and makes a good portion of your clientele more loyal. If you get a machine, find out if there are different types or brands so you can choose one that works best with what you sell—or what type of clients you attract.
2. Look into non-profit status
One of the best ways to protect yourself and your business is to have a non-profit status. This will allow you to claim all donations made by customers or clients, and tax credits can be given on all donations made as well. It will also allow you to receive help from investors looking to get tax breaks. There are a lot of legal aspects involved with taking on non-profit status, so you must speak with a lawyer about how exactly it works for your kind of business.
However, if you think taking on non-profit status is right for you, there are plenty of resources available online that can walk you through making those changes. Some even offer full-service packages, where they handle everything involved with getting your small business approved as a non-profit organization. For more information on starting a small business with nonprofit status check out Starting Nonprofit Corporation .com. They offer step-by-step instructions on how to apply for 501(c)3 nonprofit status along with advice on other legal matters related to starting a small business. Also, see Non-Profit Business Ideas .com for further information and tips.
3. Consider investing in cryptocurrency
Digital currencies like Bitcoin, Ethereum, and Litecoin are expected to continue a strong upward trend throughout 2019 and beyond. Cryptocurrency investments are highly volatile, but if you’re able to stomach that risk, you could be rewarded with handsome returns. The cryptocurrency market is still young—less than 10 years old—but we expect it to gain more stability as it matures. While cryptocurrency is not currently illegal by any means (it’s possible that certain cryptocurrencies could one day be deemed illegal), investing in digital currency is something you should do only after careful consideration and with a full understanding of what makes cryptocurrency so unique. With that being said, here are 3 top small business ideas related to cryptocurrency
4. Start an online store
As e-commerce becomes easier and cheaper than ever before, starting an online store could be one of your best small business ideas. Whether you’re selling what you love or looking to get into retail, an online store has a lot to offer. And because e-commerce is so simple, it’s also incredibly flexible: If you decide that a shop isn’t right for you (or if it takes off unexpectedly), switching gears will be no big deal. For example, niche stores and microbrands sell everything from cosmetics to art supplies—and there are more options than ever when it comes to starting your own shop. Shopify makes launching an online store as easy as signing up; use their platform to design your site, manage inventory, accept payments, and even find suppliers.
As long as you have a product to sell and some way to connect with customers, you can start your small business idea today! You don’t need much cash or startup capital either: Your first $100 is enough for any marketplace seller account (Shopify Plus excluded). There are plenty of ways to grow once you have sales under your belt too; if you want something more complex like custom programming or integrated marketing campaigns though, those services might require some investment on your part. It all depends on how much control over every aspect of your business you want.
5. Investigate franchises
Franchises are an excellent small business idea for an entrepreneur who wants to enter a competitive industry. They're also well suited to someone who wants to be their own boss but doesn't want to do all of the groundwork themselves from scratch. In exchange for a fee, a franchise gives you access to proven methods and experience gained by other entrepreneurs. Many franchises require you to go through training or do periodical check-ins with a representative. A few reputable franchises include Subway, The UPS Store, Jack in The Box, H&R Block, and 7-Eleven.
6. Go niche with arts and crafts
Crafts are still going strong as a small business idea, and they’re not just centered around knitting anymore. Instead, people are focusing on all sorts of arts and crafts to make extra money—including printmaking, metalworking, ceramics, woodworking, and more. Artisans looking to get started can learn new skills at MakerSpace or a local community college. In addition to these options, you can also sell what you already know how to do: photography (just think Instagram), app development, or recipe creation could all be potential projects. Just think about what you enjoy doing with your free time—and then find a way to turn it into a small business idea that works for you.
7. Open up a gym franchise
You could open up a franchise, but there are certain barriers to entry. You'll need $100,000 to $300,000 just to get started, and that's only if you decide to purchase an existing franchise. If you open a new one yourself, your costs will be higher. Franchises also have strict rules about whom they hire and how they run their businesses. It's not impossible to succeed as a franchisee, but there are numerous hurdles along the way. It might be easier—and more lucrative—to strike out on your own rather than pay someone else's fees while still having to adhere to their rules. Consider looking at these 20 companies rated top franchises by Entrepreneur magazine if you're interested in opening up a franchise of your own.
8. Join community service organizations
Thinking about starting a small business and thinking you’ll go it alone? Think again. By forming strategic partnerships with organizations that will use your goods or services, you can grow more quickly and effectively than by trying to make it on your own. In addition to getting advice and guidance from organizations, their members are potential customers—which is where you can find not only willing clients but potential co-workers, partners and investors as well. Here are just a few small business ideas that specifically benefit from partnering with community service organizations: _______________________
9. Become a virtual assistant
Think you keep what it takes to be a virtual helper? If so, then here are six small business ideas that should help get you started. Virtual assistants help their clients with office and household management, which makes them perfect for entrepreneurs who don’t want to run a home-based business alone. Virtual assistants can also help their clients establish remote teams and improve customer relations. Since they spend most of their time working online, virtual assistants can work from anywhere as long as they have an internet connection. Although being a virtual assistant is an excellent small business idea, competition can be stiff since there are lots of aspiring VA’s fighting for jobs.
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