If you are looking to start your own business, here are some ideas for industries that are booming! Online businesses are definitely where it is at these days. You may have the skills to start an online business and not even realize it! Other options are opening a home business or franchise in fast-growing sectors. All of these businesses can be financed with a small business loan.
If an online business appeals to you ask yourself these questions:
Do you have a talent for crafting? Do you know a lot about a topic? Are you able to find a bargain?
If you answered a positive yes to crafting, you could open a virtual “store front” on Etsy. Etsy is a great site to sell crafts you make, vintage items, or craft supplies. Etsy is very affordable with no membership fees and has 30 million buyers visiting the site! Don’t wait, go ahead and set up your “shop” today on Etsy!
If crafts aren’t your thing, another option is starting a blog. Find a topic you’re knowledgeable and passionate about to write a blog. You can make money on your blog through advertising sales; Sell products and services related to your blog.
If you like to shop and can find a bargain, selling items online could be the right business for you. Buying and selling items on Ebay is a great way to make money.
Another successful area to take out a small business loan is catering. You don’t even need to be a full service caterer. If you are an excellent cook you can cook in other people’s homes as their chef, or make dishes to order. One top catering business involves cooking a week’s worth of suppers in advance for busy families to freeze and reheat throughout the week. This is an area that is thriving and can be a home-based business. People will always need to eat!
Interested in starting a franchise? According to “Entrepreneur” magazine’s Franchise 500 survey, two of the top 10 franchises are cleaning services.
Consider these business ideas when taking out a small business loan.