6 Business Ideas to Start in 2020

When it comes to business it’s important to consider that you need to both plays to your strengths and work towards your passion. So, with that in mind, here are five of the best business ideas that you can start in 2020. 

1 – Expert Consultant

Do you have years of experience in a particular field? If so, then you could enjoy a unique position as a consultant in any business. All you need to be a successful consultant is a website, good contacts in your industry and the drive to actively make a name for yourself in your industry. As a consultant it is much easier to establish your individual name and that of your consultancy in the new decade. As, otherwise, you will tie the business and expertise to a wholly separate name. 

 

If you have the right level of expertise, then it is one of the most profitable ways to actively grow yourself as a new business in 2020. As a good business is founded on the base of one person’s expertise. Be sure to get the right expertise to back you up, however, as, without a corporate solicitor to help you establish the business, it could fall apart in a legal sense quite quickly. 

2 – Digital Marketing

When it comes to the digital landscape, one of the fastest-growing industries is that of marketing. From the likes of SEO, PPC and social media; it’s becoming increasingly important as a point of outreach to customers across space. Therefore, providing digital marketing services is one of best ways to establish yourself as a business in 2020. 

 

If you have the skills to create your own digital marketing business, then it can be a highly profitable enterprise. Gaining that footing in the first place is the important step, so don’t shirk your possibilities! 

3 – Web Design/Development

Designing websites is a similarly growing industry on the web and one of the best business ideas to start in 2020. The fact of the matter is that almost every business has a website, but not many actively have the skill to develop their own. For that reason, offering such a service at a good price point can be a fantastic way to break into the industry from a solo perspective. So, even if you need to start small, there is a strong client base potentially available for you to take advantage of. 

 

If you have the skills to develop your own websites, then becoming an independent web designer is the best way to move forward. 

4 – Sustainability Projects

Sustainable projects are becoming increasingly important, particularly as we move into a phase of our history that requires us to be more environmentally conscious than ever before. Such projects can include more sustainable products, travel incentives for using fewer miles and even take a leaf out of the Ecosia book (a search engine that plants trees with the profit that it makes).

 

If you want to start a business that is both interesting for you and a good way to help the future of the world, then sustainability is the right project for you. Get behind an eco-project and you should be able to build a business that is both profitable and something you can believe in. 

5 – E-Commerce Business

When it comes to starting a business, 2020 will see the continuing rise of e-commerce structures. This is where a brand or product is exclusively sold online and in many cases cannot be found in a physical, bricks and mortar, store. In some ways, this can be much more profitable and effective, as there are far fewer overheads when it comes to running an online store vs. one that requires funding to even open in the morning. 

 

If you make goods by hand, this can be an even more lucrative area to move into. Handmade goods are seen as a skilled line of work and therefore you can potentially charge more for their production compared to a variety of other, often mass-produced, products. You can list your items across platforms; such as on your own website, on Etsy and even just as something that is promoted on social media (Instagram in particular).

6 – Online Teaching

If you have skills or expertise in a particular area, but don’t want to be a consultant, then you may find teaching/tutoring to be the best option for you. This allows you to share your expertise and give others the chance to grow. Areas that can benefit from online teaching include digital skills, intricate skills such as a foreign language and even something practical like accountancy. 

 

The fact of the matter is that if you have a certain skill and you are willing to share it across the industry, then this is vital. 

Final Thoughts

Overall, if you want to start a business in 2020 it’s important to understand your strengths and the passion fueling your business hopes. If you want to achieve a small, sustainable, business then any of these areas will work. Especially as realistically these are all areas where a business is on the rise and the strength of your home business can grow quickly.