4 Small Business Ideas That Could Thrive in 2022
Are you looking to start a new small business this year? The pandemic has opened up some interesting business opportunities that weren’t quite as strong in the years prior. Finding a small business idea that excites you is half the challenge, because once you’ve locked into an idea you will find that your inspiration helps you with all the hard parts of starting your own business. If you’re looking for something fun, and interesting, that could thrive in this economic climate, keep reading for my top 4 small business ideas that could thrive this year.
1. Exercise Equipment
With many gyms closed down due to lack of business or mandates, the home exercise equipment market is thriving more than ever before. You can use this to your advantage, either by selling exercise equipment in your area, or by opening your own rental store. If you buy a rowing machine, for example, for a few hundred dollars, and then rent it out for a monthly fee, you might be surprised by how fast you can recuperate the initial investment, and then find yourself earning a profit. More and more people are enjoying working from home, especially those who prefer to workout without a mask, so this is a great business opportunity with plenty of room to grow.
2. An Online StoreSince the beginning of the pandemic, I’ve changed my shopping habits. From the supermarket, through to buying clothes, almost all of my purchases are now made online with delivery. This is a habit I’ve noticed across my friends and family too. That means opening up an online store could be a great move in this economic climate. There are so many things you can choose to do with a store, from selling customized fabric masks, through to felt cowboy hat, the options are unlimited. You can either choose to set up your own website and store, or use a platform like Etsy to sell.
3. Online Courses
Just because we’re stuck at home, doesn’t mean we don’t want to learn and grow. Online courses provide a great way to make an extra income, but they’re also a great way to give back to people. Think about a topic you’re an expert on – maybe it is social media marketing, or how to be a virtual assistant. Creating an online course can be a fun process, especially if you choose a topic you’re passionate about. There’s a lot that goes into marketing and launching your course, but if you are an expert in something and ready to share with others, this can be a great business idea with low overheads.
4. Start a Nannying Business
One of the people most affected by the pandemic are parents – they’ve had to juggle work, childcare, and even schooling with very little outside support. Many parents are feeling fatigued and like they need a break. I imagine there will be a growing need for nannying and/or babysitting help for parents over the coming months and even years, so creating a local business that caters to this need could be smart.
Think outside the box! There’s a need for almost any service, from tattoo cleaning through to dog walking, do your research and see where there’s a hole in the market to find your next business idea.