4 Types of Businesses You Can Start Today
When trying to come up with the right business idea, it’s important to figure out what kind of business you want to start. Do you want to sell physical products like on an e-commerce site, or do you want to offer one-on-one services, or maybe you want to start a blog? In today’s video, we’re going to be talking about four different types of businesses you could start today. Feel free to watch below or take a quick listen.
Watch or Listen in Here:
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Here is the video transcript:
- Physical Product Based Businesses: You can make your own products, design them and then have them manufactured, or buy products at wholesale and sell for retail. A physical product can be physically shipped anywhere and products can be sold online through an online shop, boutique, or online sales platform like Amazon, Etsy and Ebay. These can be products that you make yourself, maybe you have a craft or jewelry business where you can make your own products. Or, these can be products you design yourself and have manufactured elsewhere like t-shirts, pillows, coffee mugs. You can find all sorts of manufacturers on Alibaba.com.
- Service Based Based Businesses: This would be coaching, consulting, freelancing, and done-for-you services. Coaching can include business coaches, health coaches, fitness coaches, life coaches, deployment coaches and more. Consulting services in areas such as marketing, technology, public relations, social media, IT, or Financial. Freelancers, such as website developers, graphic artists, advertising, bookkeeping, design, copywriting, customer service, interior design, web marketing, video production, voice talents, and English Teaching. Then there are “Done for You” service providers, like photographers, dog trainers, dog walkers, home cleaning, house painters, nannies, tutors, vacation planners, tour guides, menu planners, and home organizers. And then, you could also have a service based business where you put together live events, training programs, workshops or seminars based on your own expertise.
- Digital Product Based Businesses: Digital products are products that are sold online. These can be downloaded or delivered digitally through files or given through webinars, video training programs, courses or membership sites. The types of digital products include: ebooks, ecourses, eguides, how to manuals, audio courses, membership sites, webinars, teleseminars, video training programs, coaching programs, software and apps.
- Blogging as a Business: This would allow you to also work from anywhere. Essentially, there are two ways people make money from blogging: You’re either selling other people’s stuff or you sell your stuff. You sell other people’s stuff through display advertising, sponsorships, sponsored posts and affiliate marketing. Or, you can sell your own stuff on your blog through either, physical products, offering services or digital products.
Those are four different types of businesses you could start today. Take action today: Which type of business sounds like something you would enjoy doing? If you’re having trouble coming up with an idea, download the Idea Starter Kit by clicking on the link below.
Have an awesome day!