Building a business can seem like a daunting task, especially when you are faced with so many different avenues you could potentially explore in order to make some extra cash or totally go it alone. If you are struggling with ideas, don’t worry, we’re here to help. Here are the small business ideas for men that should help kick start your 2020.
Drop Shipping is an excellent business model for those who don’t want to take ownership of physical stock. In regular retail transactions, a customer will buy a product from a retailer and the retailer will then ship it to the customer. With drop shipping, a customer places and order with you, you then forward the order to the wholesaler who will have a vastly reduced mark up and then they will forward the order to the customer. You get to keep the profit made between the retail cost and the wholesale cost and what is even better is you never have to purchase the goods. It will take some extensive research to find out what type of products people want, and you will need to change and adapt quickly depending on demand, but you can start small and then grow from there.
Product or Business Reviewer
Whether you enjoy business or have worked for a successful one, you can put your expertise to work and review products and businesses online. It is more common for start-ups to ask people to review their businesses and products, but they do pay well for it. If you like the idea of being able to work remotely, this could be a good option as you can do this from your laptop anywhere in the world. You can also use your reviews on your own blog to increase visibility of your work.
Currency trading is a fascinating way to make money. If you are good with numbers and want to see that talent put to use, currency trading could be the option for you. Not only will you get to hone your maths skills, you will get to work in an exciting environment those changes on a daily basis.
The only real draw back to this is that you will need some money in the bank to get started and like with any trade there is a risk that you will lose your money.
Content Creation Agency
Good, reliable content writers are difficult to come by and content shortage is going to become a very real problem for businesses the world over as they struggle to find reliable writers. Instead of looking to become a content writer, why not build a website in order to attract content writers and build a network. You will need to develop your own content in the beginning, so you will need to make it interesting and relevant to your niche, but you should have no issue attracting talent if you write well.
You don’t experience in marketing to become an affiliate marketeer, but understanding search engine optimization can help you tenfold, especially if you are marketing through a blog. Affiliate marketers promote other people’s products and then earn commission through the sales of the product. It is a low-cost business to start; all you need is a laptop and the gusto to approach companies to see if they want someone to market their product.
Selling Your Expertise
You don’t need to have a PhD to have indepth knowledge about a subject matter. Whether you have been working in a particular industry for a long time or are simply interested by a particular topic; you can turn that into an income stream. You can teach people about your subject matter online as the self-education industry is growing at a rate of knots. You can either use an already established platform to market yourself and your knowledge to others, or simply build your own website and help others learn through a subscription based method. Either way, you can turn your knowledge into income and give yourself the ability to work anywhere in the world. There is very little capital investment needed, so why not give it a go?
You can create a consultancy business about pretty much anything! You could base it off your work expertise, interests or even consult people on how to get fit if you enjoy doing the gym. Consultancy can take a while to build, but once you have sought out clients, you will find that your business will grow. To be a good consultant you will need to invest money in websites, chat services and other online platforms or software that makes sure you can connect with your clients. You don’t have to do this full time either; you can start building your consultancy firm through evening and weekend work.
If you don’t want to give up your full-time job just yet, but want additional income, why not start a content writing business? Whilst it isn’t the most profitable of businesses, it really can help to bolster your income. There is also no limit to what you can write about, so if you need diversity in your work and like reading about, researching and understanding different topics, this could be a good role for you. You don’t need a lot to get set up, just a laptop and an account on a freelancing website or your own website and away you go!
Graphic designers are exceptionally sought after, especially good ones. If you have a creative flare and enjoy bringing ideas to life, why not try your hand at it? To get your foot in the door it is recommended that you do your first few jobs at a lower rate to help get a portfolio together and then once you have got a few jobs under your belt you can start charging more for your services! There are plenty of courses online that can help you upskill if you are looking for a career change or just want to diversify your skillset.
If you like animals and are only thinking to have a side business that takes over your career, why not look at something that involves animals? 68% of households in America own at least one pet and good reliable service such as dog walking are few and far between. You can easily set up a pet walking business, there is very little capital needed and this small business can really boost your income.
There is an array of options out there for small business ideas for young men going into 2020. Whether you are looking to just boost your income with evening and weekend work or want a total career change and create your own small business, there is an option there for you. Here are our top ten small business ideas for male to help you get the ball rolling to either gain financial independence, give you a new hobby to work towards that can help pay the bills and increase your savings or even help you work online and become a digital nomad.