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In less than 2 months, we are heading to the new year 2023. People are saying the next year will be a challenging one, especially with the new COVID-19 variant. However, nothing is impossible in life. Whatever you do, you need to be confident and think positively. Then you need to give more than 100 percent of your effort to achieve your dream.
Let’s talk business now! Everyone is taking advantage of social media to expand their personal brand and market their businesses. So, if you believe that you possess some special skills, why don't you give yourself a try and start your own business with a low investment?
Check out our 10 top small business ideas to try in 2023 that you can use to start your business right from your home, lease small premises, or, in the near future, have your own factory like Khairul Aming, who founded the Sambal Nyet brand in January last year.
Start a dropshipping business
Create digital products
Sell print-on-demand posters, greeting cards, and prints
Sell handcrafted and homemade goods
Start a pet related business
Sell home decor items
Offer home sitting business
Start a beauty business
Laundry services
Invest in vending machines
You may be curious to know more about every business listed above, right? Well, we are here for you. Scroll down for more useful information that you wish someone had told you earlier.
1. Start a dropshipping business
The first of our good business ideas is dropshipping, where a third-party vendor stores and delivers products to clients on your behalf. You only need to make the sales and forward orders to your supplier; you don't need to handle any products directly. It's actually one of the easiest and least expensive businesses to start with.
Before investing in your own original products, dropshipping is a fantastic way to evaluate product-market fit and begin a business. To ensure your supplier is trustworthy and the quality of the products is appropriate for selling to your consumers, always order a sample for yourself.
2. Create digital products
Digital products like music, learning courses, podcasts, and customised templates are unique on this list of low-investment small business ideas. There are no hidden shipping costs to worry about, so your margins can remain high and strong, making it another no-brainer as one of the best businesses to start.
Just figuring out what makes for a good digital product. Is it useful enough that people are willing to pay to download it? The answers range from original instrumental beats to stock photos and templates that help people level up their skill sets in a particular field.
3. Sell print-on-demand posters, greeting cards, and prints
If you are a cartoonist or photographer and you’ve already got an engaged online following, then you’re in a good position to give this small business idea a try.
You can turn your work into products such as posters, framed wall art, or even greeting cards. There are plenty of free mockup generators available online that you can use to showcase your products without having to print out each item.
4. Sell handcrafted and homemade goods
The main selling factor in this line of work is that everything you sell is either homemade or handcrafted. People simply adore it because each item is carefully made with love, care, and attention to every little detail to create a one-of-a-kind treasure that will be cherished for a lifetime.
You can start out simple on a per-order basis or with a small batch until you start generating consistent sales. Star selling to friends and family through word of mouth, and grew into full-time small-business owners after establishing demand for their products.
5. Start a pet related business
Calling all fur and paws lovers, this is your call! There are a few pet business ventures you can think of for your business plan. But first, you may think of how big this industry is.
According to the Department of Statistics Malaysia, in 2020 more than 17 million pet owners in Malaysia, which is about 2/3 of the population? There’s plenty of demand. Your pet business could be product- or service-based, from selling accessories, food, or toys to offering grooming, walking, or training expertise.
6. Sell home decor items
Starting your own home decor business can be a fun and financially rewarding way to dabble in interior decorating. No degree is needed, just show some interest on Pinterest. What a rhyme, right? If you are lucky enough, then you may want to offer home makeover service too.
Make Ikea and other neighbourhood furniture stores your second home, and this is the right business to take on in 2023.
7. Offer home sitting service
House-sitting is an ideal business for making extra money while working at a full-time job. While many homeowners hire house sitters to feed and care for their pets, water the plants, and collect mail, they may also want their home to look occupied to ward off any potential break-ins. Having said that, you may need to visit the house once or twice a day rather than staying there.
8. Start a beauty / self-care business
The businesses we're recommending in the beauty or self-care categories could provide everything from hair and cosmetics services to massages and haircuts. Due to their busy schedules, many people sometimes choose to spend their alone time at home. Taraa! You already have the demand. Not only does it require low startup costs, but it can be really rewarding work. After all, you are solving an immediate issue for your customer and working on something you truly care about.
9. Laundry services
The phrase "wash, dry, fold, repeat" comes to mind when most people think of the weekend. No matter where you live, if you are using the proper marketing techniques to connect with your potential customers, this is the ideal line of work for you. You can also offer extra services like laundry pickup and delivery. Isn't that wonderful and such a peace of mind for your consumers?
10. Invest in vending machines
The key to making this a successful business idea is to offer the right products at the right location. Find busy spots by doing your research, and learn who is passing by and what they could need right then. Vending machines can be a successful business concept with a low investment if approached strategically.
Technology has made it much simpler to launch a small business without getting bogged down in finding products, paying rent, and keeping track of inventory. You can even build a business that is exclusively yours by combining the small business concepts discussed above in a number of different ways.
You can start with an inventory-free, low-cost business model and grow from there. Now, go start a business and be proud of yourself!
Learn more about digital marketing, or explore how digital marketing can help your business with us, Asia Digital Media MY -
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