The global economy will be in a weaker position in 2023 than previously anticipated.. Rising energy prices and supply disruptions have resulted in higher and more widespread inflation than expected, particularly in the United States and many emerging and developing economies.
Many businesses will continue to grow, some will go out of business, and many new ones will emerge, presenting countless business opportunities. Here are top 21 Real Money Making Business Ideas , the futuristic business opportunities:
Money is power, freedom, a cushion, the root of all evil, the sum of blessings.” .
Carl Sandburg
1. Import – Export Business – Global Business Opportunities.
This sector is highly unbalanced in the majority of the world’s economies. Imports outnumber exports by a wide margin. As a result, the current account deficit frequently rises. To fill this void, governments around the world encourage export businesses to generate good remittances as a means of reducing the current account deficit. This industry has a lot of potential, and you can make a lot of money by exporting various products and services.
Importing is also a profitable business, particularly in countries with a trade surplus.
Exports not only generate a lot of money, but they also help the economy. Furthermore, many countries’ tax authorities provide rebates or even completely exempt foreign-sourced income from income tax. The following are some general import and export business ideas:
- Work as an import and export consultant • Import spare parts, electronics, technology, and home furnishings
- Become a customs agent to help with the customs clearance process.
- Renting a warehouse for import and export
- Services for Cargo Tracking
- Inspection Services for Import and Export
- IT Service Export
You have several other small business ideas at your disposal. Before you choose any business ideas, make sure you have the necessary experience, skills, and capital to launch a new venture.
2. Consultancy Business Different Sectors
The scope of the consulting business is vast all over the world. In your home country, you can provide financial, marketing, career counselling, and tax consulting services. Here are some suggestions for consulting businesses:
- Business Registration in your country
- Tax Registration and Filing of Income Tax Returns
- Bookkeeping and Accounting Services
- Tender Management Services
- Tax Compliance and Consultancy Services
- Audit & Assurance Services (Internal, External, and Agreed Upon Procedures)
- Business Advisory Services in Pakistan
- Secretarial and Corporate Advisory Services
- Business Process Automation
- Actuary Services
- Outsource & Offshore Services
If you provide excellent service, your clients will reward you.
3. Event Management Services
One of the most profitable small businesses is providing event coordination services. Many people find event planning and management to be a difficult task.
You can provide catering and event decorating services. Advertising is required to spread the word. Print your business cards and hand them out to your friends and family. Someone who is interested in your services will contact you, hire you, and pay you
4. Call Center Services to Other Businesses.
The call centre industry is currently one of the world’s most successful businesses. It is a profitable business that can be expanded in a variety of ways. It’s just a matter of how well it’ll be managed with the right tools and people. It can go places, which means it can do offshore/outsourcing, which is very beneficial in this type of business.
Call Centers play an important role in targeting potential customers and business clients in a more effective manner for any business’s growth and profitability. Hiring third-party call centre services has a significant impact on any Core business organisation, as does ensuring complete customer satisfaction and retention.
Call centres provide services to clients such as Amazon, AT&T, and Vodafone, to name a few, and are compensated for doing so. It is simple to plan the establishment of a call centre business. The most difficult part is determining and justifying whether your own plan qualifies for genuine projects or not.
Call centres are typically available for hire by businesses that do not wish to maintain their own staff and necessary equipment. They charge a fee based on the number of calls made, as well as a flat rate. The majority of call centres serve more than one company at a time.
Sometimes they dedicate some staff to one client, and other times they handle several incoming lines with on-screen scripts that change depending on which incoming line is dialed. Call centres are big business, and some American businesses use off-shore call centres to service their customers.
5. Real Estate Agency
If we’re talking about a low-investment, high-profit business, the Real Estate Sector is the place to be. It is one of the best small business ideas that can be implemented on a small scale but can eventually turn into a profitable venture for you.
The real estate industry is rapidly expanding and yielding high returns. In fact, it is a profitable business all over the world that can be started with little money. Agents earn substantial commissions on property sales. They usually charge 2% for small transactions and 1% for large property deals on both sides.
6. Agri-Business
Agriculture is the backbone of many economies around the world, particularly in third-world or developing countries. It accounts for a larger proportion of GDP of many countries. If you’re looking for profitable agriculture business ideas, you’ve come to the right place. Because of the increasing population and decrease in arable land, this sector is growing and has a bright future globally.
- Among the agricultural small business ideas are:
- Organic farming is a cutting-edge industry.
- Honey farming is yet another low-cost business opportunity.
- Agriculture of vegetables
- Production of livestock feed
- Dairy production
- Poultry production
- Aquaculture
- Rabbit farming is a one-of-a-kind startup business.
- Soybean production
- Canning fruits
- Packaging for agricultural products
- One of the most profitable business ideas in Pakistan is cold storage houses. However, you will need to make an initial investment to get this setup up and running.
- Agri products or equipment for sale
There are numerous agriculture startup ideas from which to launch a small-scale business with a low initial investment.
7. Small Business SEO Consultancy
SEO is an abbreviation for Search Engine Optimization. According to Forbes, the SEO industry is worth $80 billion dollars. This industry is still expanding.
The main reason for this industry’s explosive growth is that almost all website owners want to increase web traffic. Website owners frequently hire SEO experts or even SEO agencies to optimise their websites in order to increase web traffic and search rankings.
This is one of the best small business ideas that can be started with very little money. In fact, it is one of Pakistan’s newest small business ideas for students. Don’t be concerned if you don’t have enough money to open an office. Begin with your own home.
You should have your own website and create a portfolio to secure clients if you want to start this successful small business. At the same time, because it is a broad niche, you should keep your SEO knowledge and skills up to date.
8. Social Media Consultancy Services
Another good and profitable business idea that does not require a large investment is social media consulting. To start this business, you should be skilled in the following areas:
- Modern Advertising
- Relationship Building
- Targeted Traffic / ROI
- Content Management
- Social Media Strategy
- Personalized Service
9. Affiliate Marketing Services to Clients
Affiliate marketing is a form of performance marketing for clients. Simply put, if you sell a product or service on behalf of someone else, you will be paid a commission.
The affiliate marketing market is expanding on a daily basis. Companies frequently pay high commissions to people who sell their products or services. According to the Huffington Post, the size of affiliate marketing is expected to reach $6.8 billion by the end of 2020.
You can also make money with affiliate marketing. First, you need to sign up on affiliate marketing networks so that you can get the affiliate links of products/services. Here are some affiliate marketing platforms you should join now:
Affiliate marketing is another way to make money in today’s information age. To begin, you must sign up for affiliate marketing networks in order to obtain links to affiliate for products/services. Here are some affiliate marketing platforms you should consider joining right away as a good small business:
- CJ Affilates
- Shareasale,
Amazon Associates
You can make money by referring friends to buy products or services through your affiliate links. You can also sell by answering questions on Quora or by blogging.
10. Create a YouTube Channel
Consider this idea if you want to start a home-based business. Even though it is not a novel business concept, it is distinct, useful, and feasible.
People nowadays watch videos for a variety of reasons, including learning, expanding their knowledge, and simply for entertainment. According to Forbes, videos will account for 80% of web traffic by 2019 and will continue to grow in 2020, 2021, and 2022.
It means that internet users prefer to watch videos rather than read long articles. You can create your own YouTube channel for free and begin earning money from an AdSense hosted account.
If you want to establish your channel as a brand, you may need to invest in video editing software in order to create visually appealing YouTube videos.
I have some YouTube channel ideas for you:
- Home-based cooking channel
- Entertainment Vlogs
- News Channels
- Reaction Channels (share your thoughts and feedback on songs, movies, and games)
- Mobile Reviews
- And much more.
11. Software Development
There has been an increase in demand for software Developers /software engineers and programmers worldwide in recent years. As per the US Bureau of Labor Statistics, employment in software development is expected to grow by 22% between 2020 and 2030. However, there are insufficient graduates from existing programmes to meet this demand. As a result, businesses are having difficulty finding qualified computer science and engineering professionals. It is one of the main 21 Real Money Making Business Ideas.
Investment in technology has never been higher across all organisations, but the supply of technology talent has not kept pace. Covid-19 may have put investments on hold at first, but in the post-pandemic era, many organisations are looking to reallocate technology budgets. As a result, there is a growing demand for software developers/software engineers.
The technology industry has also seen an increase in venture capital, resulting in an influx of new companies looking for engineers. Simultaneously, established tech firms continue to hire aggressively. As a result of this dynamic, job markets are highly competitive and unemployment rates are low.
You can pursue a career as a software developer in any of the following fields:
- Full-stack developers,
- Front-end developers,
- Mobile developers,
- DevOps engineers
- Back-end developers,
12. Web Development and Design Services If You Have Some Technical Skills
To Provide web development and design services, You can also use freelancing sites to offer your web development services to people all over the world. You can also provide additional services, such as:
- WordPress Website Development and Customization Services
- Providing services in various languages such as PHP, JAVA , C++ and/or others.
- Software development, customization, and upkeep
You will not need a large investment if you start this business from home. However, if you plan to launch this startup professionally then you’ll need to set up a business office. If you want to open an office, you’ll need to set aside some money.
13. Graphic Design Services to Small and Big Businesses
Graphic design entails the creation of visual products. Here are some more small business ideas in graphic design that you can start and grow into a professional at. For example, creating:
- logos
- letterheads
- business cars
- Flyers
- Brochures
- Postcards
- Posters
- Product Packages
- Personalized T-Shirt Designs (It is a profitable business idea with a low initial investment.)
- Presentations, Annual Reports, and Illustrations
Make a living by providing your services to local clients. Ones of the fastest growing from 21 Real Money Making Business Ideas.
14. Blogging – Creating Your Own Blog
Blogging is a pastime for many people. However, for others, blogging is a good source of income and a way to make a living. Numbers bloggers run and manage successful blogs, and they earn a good living each month. Start blogging if you have good writing skills.
To begin, you’ll need to invest in content creation. More people will visit your website if you write more SEO optimised and Google friendly content. You can monetize your blog by using Google AdSense or Media.net advertisements. You can make money from affiliate marketing at the same time.
Starting your own blog requires very little capital. For example, you’ll need to purchase a domain name and web hosting.
I recommend that you purchase a domain and hosting plan from GoDaddy, GoogleDomains, Namecheap, or another provider. At the outset, the cost of a domain and hosting plan will be no more than $30. A good deal.
15. Creating Business Plans for Customers
Business plans are essential for startups because they provide a road map and highlight strategies for achieving goals and objectives.
Several people want to start a business, but they lack professional business plans for fundraising or securing bank loans. Create effective business plans and charge a fee for your services.
16. Editorial Services online to Clients
As I previously stated, there are numerous websites where dozens of articles are published on a daily basis. Professional and experienced editors are frequently required by large websites to upload, review, and edit content.
Consider online startup idea if you are an experienced blogger with a solid understanding of editorial practices. Furthermore, there is no cost to pursue this idea.
17. Podcasting
Podcasting is the process of creating, uploading, and distributing audio files over the internet. Simply put, you create a blog/website and upload your audio files. Podcasters discuss topics such as business, marketing, technology, and even fashion and entertainment in audio files.
If you know how to podcast and have a good voice, why not try this niche? You will not only be able to share your thoughts with your followers, but you will also be able to begin podcasting marketing.
Sponsors will compensate you for marketing/advertising their products/services in your podcast episodes. You will need a website, a microphone, and a good internet connection to get started with this business.
Since starting a podcast online will require a small investment, you will also need to pay hosting companies on a monthly basis to manage your podcasting website. One of the very important 21 Real Money Making Business Ideas.
18. eLearning Websites On Various Subjects
eLearning is becoming increasingly popular around the world. The fact that people can access their online courses from anywhere in the world is the main reason for eLearning’s popularity of 21 Real Money Making Business Ideas.
They only require a laptop and a data connection. Coursera and Udemy are two good examples of eLearning sites. These are online membership sites where people can purchase eLearning online courses.
Similar websites can be created, and students can purchase online courses. If you want to create a website to sell online courses, you can begin with a small investment business.
However, the cost of escalation is determined by the functionality of the websites. You’ll need to increase your budget if you want to add more advanced features to your eLearning website.
19. Tourism Agency-Travel & Tourism Services.
Do you require tourism small business ideas? Why not start your own tourism company in your own country?
With each passing day, the tourism industry is reviving and thriving. The tourism industry is growing. Foreign tourist arrivals have increased in tourist-friendly countries. Millions of tourists travel to tourist destinations each year to spend their vacation and leisure time.
You can start your own tourism company. You can provide travel and tourism planning services to both domestic and international tourists visiting your country. In countries where tourists visit in big number is one of the best ideas from 21 Real Money Making Business Ideas.
20. Auto Spare Parts – Brick & Mortar or Click & Mortar
Many people in many countries drive used cars. They are constantly in need of auto spare parts for proper maintenance. To begin this auto spare parts business, all you need is to purchase or rent a shop.
Similarly, if you’re looking for online business ideas, you could start selling auto spare parts online. To get started, all you need is a visually appealing eCommerce website, good SEO, and social media marketing. it is also one of the best 21 Real Money Making Business Ideas.
21. Online Tutoring / Online Coaching
Consider Online Tutoring/Coaching if you have specialized knowledge or expertise that can help others improve their knowledge and experience. Overall, online tutoring services are preferred due to their affordability, flexibility, and subject variety.
Many parents are using online tutoring services for their children. Online tutors are more in demand than ever before, so it is critical to find a tutoring programme that meets the child’s needs and learning styles, as well as the family’s budget, goals, and schedule. It is fast growing among 21 Real Money Making Business Ideas.
One educational challenge is ensuring that all students receive quality instruction. It can be challenging to ensure that every student in the classroom is reaching his or her full potential. Tutoring comes into play. Tutoring has been an important for many children’s education since the beginning of modern day education. We have entered an exciting and increasingly accessible realm with the advent of the internet. Online tutoring has numerous advantages for students, parents, and schools. Online tutoring’s flexibility and ease of access are invaluable in these increasingly hectic times. These benefits, when combined with expert differentiation and instruction, have the potential to have a significant impact on a student’s academic future. As a result, expert tutors are in higher demand than ever.
