The year 2020 has brought severe turmoil and tension to the global economy, the COVID-19 pandemic being the biggest challenge. Countries have had to implement lockdown measures to contain the disease. Starting a new business won’t be the same as earlier. Hence, following the right steps and working on the best small business ideas can help you establish your own business with little investment.
The dynamics of business have changed. New business trends in 2022 have come up and some existing ones have gained traction. This post focuses on the trends in the world of top small business ideas. An exciting feature of the top 10 small business ideas of 2022 discussed below is that even beginners can try them and that too with small investments.
There are over 4 billion internet users in the world, and 6 out of 10 small businesses have a website to serve these users. According to statistics, 73% of online businesses earn over $50,000 per year. Hence, most of the new business ideas in this post are online-oriented. If you want to start your own business in India and be your own boss, now is the time.
Here are 10 such small business ideas for 2022 you can start now.
1. Bookkeeping
2. Freelancing
3. Reviewing Products
4. Affiliate Marketing
5. Graphic Designing
6. Podcast
7. Blog Monetization
8. Online Course Creation
9. Selling Products Online
10. Printing On Demand
FAQ
1. Bookkeeping
First on the list is Bookkeeping as it is the best small business idea in India. Not every job requires you to be on-site. There is certain accounting software that can help you perform remotely online without any hassle. Bookkeeping is one such example. If you know how to work with software like QuickBooks, accounting software or bookkeeping software, you can do online bookkeeping for someone.
To start a Bookkeeping business, you need to have a strong foundation in the basics of income, outgoings, etc., you also need good networking skills. You can make a solid income through online bookkeeping. Several such services can also be rendered through virtual assistance.
2. Freelancing
Freelancing has always been considered a successful small business idea. Many people value freelancing over a day job. Be it side income or more than that, you can achieve a lot as a reputed freelancer.
To get into freelancing you can sell your services at Fiverr.com and Freelancer.com. It is also the in India as you can do voice-overs, translations, transcribe people’s text, content writing, logo designing, or even programming. This can be the best small business but it is all about finding a match with the perfect client.
Established freelancers earn hundreds of dollars in a day’s work as it is a low-cost business idea with high profit. Working from anywhere and at your own timeline is another perk of freelancing makes it one of the best business ideas. So freelancing is a tried-and-tested approach to starting a small business and making it big someday. This is a low investment idea where you can follow your passion and make money out of it.
3. Reviewing Products
Product review is an easy to start business that can be started online with minimal investment. People like to read and watch reviews before buying products. Leverage this demand to build a small business around reviewing products, this is currently a trending business idea. Has a new product been launched? Procure it and upload a video on YouTube to share your review.
This is one of the most successful small business ideas as it allows you to make tutorials on the features and functionalities of devices and other products. There are many out there who purchase fancy gadgets on a whim only to not use them to the fullest. Act as their saviour through your reviews! It is one of the best business ideas for women, as many homemakers can review beauty products or clothes from different websites.
4. Affiliate Marketing
Consider the following example to understand affiliate marketing. You review a newly launched camera, make a video of your review, and upload it on YouTube. You also add links in the video description. These links are special because if anyone goes to Amazon by clicking on them and buys the camera from there, you’ll get a certain commission from the purchase.
This is why reviewers provide a plethora of links. It is also one of the best low investment small business ideas in India. Affiliate marketing is considered one of the most successful businesses to start. If you are interested in affiliate marketing, do check out the Amazon associate program and Shopify affiliate program.
Shubham Kumar
5. Graphic Designing
Graphic designing is the best business to start in 2022 as the content only sells when it’s attractive. Logos are effective only when they are pleasing to the eye; hence, there is an everlasting need for a graphic designer. It is an upcoming small business idea in India as many startups require a graphic designer to help make their websites creative.
If you have a knack for photo editing or designing, then graphic designing is the best business to start with. This sector is booming at the moment and is like the hotshot you can undertake this year. Just visit freelancing platforms like Fiverr and Upwork to see the global demand for designing. The pay for this business idea 2022 is mind-blowing and you get to build a nice clientele list.
6. Podcast
Podcasts are booming and were said to be the best online businesses to start in 2022 because of the global pandemic. This is one of the few businesses that are now seen as the modern form of information sharing and are equal in value to videos and written content. People now actively listen to podcasts. Joe Rogan podcasts are highly popular. With over 6 million subscribers and podcasts that are as long as 3 hours, Joe Rogan has become a brand.
It is one of the other low-cost business ideas with high profit because imagine the number of audio advertisements you can place in your podcasts! If your podcasts eventually gain pace, you can secure brand deals with sponsors like Squarespace or Audible. They pay a lot to be part of popular podcasts. With podcasts, you can also bring in other online business ideas 2021 such as affiliate marketing.
Podcasts can be recorded from home and don’t require huge investment. You can even use your phone’s microphone to record an audio file. Podcasts will always be in the small business ideas list, as you can upload it to a website like Anchored.fm which in turn will share your podcast around the world.
Piyush Mishra
7. Blog Monetization
Blogs allow you to contribute posts on topics like banking, how to make money, how to save money, and how to invest. This is among the best business in India in 2022 as it is easy to earn money. You can use AdSense and affiliate marketing to make money from your blog.
You can use this trending business idea to market your services. Blogging is among the top 3 ideas for small businesses as creating your own blog won’t be much difficult if you are passionate about writing. It is currently in the list of the top 10 most successful businesses because you can start it easily, it is an inexpensive way to enhance your marketing, get more traffic and then attract customers to purchase your products or services.
8. Online Course Creation
What’s common between Udemy, Coursera, and edX? They thrive on paid online courses. According to many studies starting an ed-tech startup is the best startup idea in India this year. If you are highly knowledgeable about something, say machine learning, and have the capability to explain complex content lucidly, then creating an online course is one of the top business ideas you should look out for.
You can come up with an agenda and outline what topics you will cover. Then create videos on each of these topics, make them visually appealing while not going overboard, and also have transcriptions ready for the videos. This is among those ideas that allow you to improve upon your skills.
Once all items are taken care of, bundle everything into a package and search for the websites that pay you well for your course. The edtech industry in India is growing at a fast pace and this is the right time to grab this opportunity.
Parnas Ghosh
9. Selling Products Online
Selling Products Online is easier than you think. Ecommerce is considered to be one of the best business ideas as creating an online store is not difficult today. Shopify is one such platform that allows you to create an online store.
Professional templates that are super-easy to customize make it a child’s play to sell products through an online store. Dropshipping is another popular term that’s related to selling products online. As the Indian e-commerce market has witnessed huge growth in the past few years, this is one of the most successful businesses to start.
10. Printing On Demand
Printing is another best business to start in 2022. There are situations when the design is ready but there’s no way to print it. That’s where print on demand comes into the picture and that is why it is considered to be the best small business. Someone else can design the T-shirts and you can make money by printing them. These new business ideas are even easier if you can bring in the distribution component.
Conclusion
We hope this small list of all the beautiful small businesses to start in 2021 sparked any ideas in you. Most of them require no investment at all other than your time. Hopefully, you may have found the most successful small business ideas that are also low-cost with high profit in this list. If you know about any other business idea that can be started on a small scale, let us know in the comments below.
Lakshya Singh
FAQ
How to Start a Business with No Experience?
Get business-related qualifications, Turn your career or hobby into a business, Do extensive research, Create a realistic business plan and Hire expert employees.
What are the top 10 small business ideas?
The best small business ideas in India 2021 are printing on demand, selling products online, online course creation, blog monetization, podcasts, affiliate marketing, graphic designing, reviewing products, freelancing and virtual assistance.
What are the most successful small businesses?
The most profitable small businesses are Personal wellness, Building courses, Bookkeeping, Accounting, Consulting, and Graphic design.
What are the top 10 businesses to start?
The ten most profitable business opportunities in India that you can start are Digital Marketing Services, Content Writing, Tutoring App development, and Dropshipping Business.
