5 Most Lucrative Business Ideas to Venture into in 2022
As we are gearing up for the new year, most individuals are busy jotting down their new year resolutions, and everyone is hoping for a better year ahead. As some are focused on better physical health, some are aiming towards improved mental health, but almost everyone is hoping for financial stability, especially after the impact created by the covid 19 virus.
So many people have lost their jobs and are looking for lucrative business ideas that they can try out in 2022. Let us have a look at some of these startups that might just be the answer to all your financial problems.
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Try These Ideas in the New Year
Before deciding on a business startup, it is advisable that you do thorough research to find out the success rates of different business ventures. You can do this by visiting different online platforms that provide relevant information regarding the various startups and reading testimonials from individuals who have given it a go already in the different fields.
There are also professionals who have expert knowledge of different business ideas and are in a position to advise you and equip you with the technicalities of each and every startup. This should give you an easy time deciding what is best for you and diving into it with the knowledge you require. Some of the best business ideas to try out in 2022 include;
SEO Writing
This is the way to go especially with the advancement in technology. Most companies are ditching the old way of marketing and advertisements and focusing on getting their products up in various search engines. As an SEO writer, you will be approached by different organizations that want to make their products and services known to a large audience of online clients.
The best way to go about this business is to start your own blog and publicize it with an aim of generating traffic to your site. A business WordPress account costs approximately $1400,, and this includes subscription fees and all hardware costs to run your blog.
If you do not feel confident enough to start with a blog right away, or maybe you do not have enough funds to cover your costs, then you can apply to be an article writer for other blog owners. This will help build your SEO writing skills and be well versed for when you finally start your own account.
Event Planning
This is the sector that was most hit by the covid 19 pandemic. Most event planners were forced to close down their businesses as a result of the lockdowns in different countries. You are probably wondering why anyone would choose to venture into a business that was unable to survive such odds but the truth is each and every business was affected.
So why become an event planner with this kind of knowledge? The answer is simple, there is a gap in the market for event planning, and as people resume their normal activities, parties and events are also picking up.
Apart from event planning, you can start a leasing business whereby you provide people with daily rates for renting out items for events such as chairs. The most common chairs used for functions are PVC chairs, so it is advisable to work with the best pvc chair manufacturers in your locality to get the best quality of chairs at good prices.
Drop-Shipping
If you have an eye for quality and are a good bargainer, then this is the best business for you in the new year. Most people are turning to online buying as opposed to physical purchases. Drop-shipping is whereby you as the seller procure products in large quantities from suppliers and manufacturers and sell them to consumers.
In order to run a successful drop shipper, you have to be aware of the market demand and be able to meet them. Quality is the most important factor when it comes to dropshipping as your clients rely on you completely and you do not want to disappoint them.
The major advantage of this business is that you are able to get the products at good prices since you are making bulk purchases. This will enable you to make good profits after reselling the items.
Online Coaching
Simply put, online coaching is providing knowledge on different aspects of life to interested parties via an online platform. A large percentage of individuals seek guidance through online searches, and there are opportunities for you to become a paid online coach for such individuals.
The most common online coaches are fitness experts, business coaches, and general vloggers who just want to share different aspects of their lives with others. The best sites for online coaching and vlogging include YouTube and social media platforms such as Facebook, Instagram, and TikTok.
Virtual Assistant
Help managing directors and CEOs of big companies organize their schedules online by becoming virtual assistants. This is a business that requires a lot of professional knowledge and expertise, and most of the time, you have to go through various training programs and pass before you can be able to get a job.
The beauty in this is that you can work for multiple companies and make a good income, as long as you are keen not to mix up schedules for different people. A virtual assistant earns approximately forty dollars on an hourly basis, not so bad, right?
Conclusion
A business works better if it is passion-driven. As much as we all desire to make money, it is wiser to venture into something that you love doing. There are business opportunities that suit each and every individual, and you only need to figure out what you will be happy doing. Afterward, give it your all, and you will see the results that you are hoping for.
