With Covid messing all of our lives and making us all helpless stuck in our homes, with nowhere to go, why not invest in a unique business that is cost effective too. There are many businesses that are making waves because of their unique nature and some of them are listed below.
Drop shipping Business
Drop shipping business means you sell a product to the end user but you don’t necessarily have it in you. You do not have it in bulk, or you do not stock the product. Instead you just forward the order to the wholesaler or the manufacturer who then delivers to the customer.
This is like being the bridge between a manufacturer and his potential customer. People involved in Drop shipping business help both parties and earn money via being the middlemen in connecting the buyer to the seller.
Become an Amazon seller with just a small amount and market your products on the biggest E-commerce platform. Amazon lets you make a store of your own and add your own touch to it by customizing the look to your liking and how you want it to look like. Amazon can also fulfill your orders and ship your products.
There are charges that vary from country to country and products. There’s also something called a Referral’s fee. All these charges and payment plans and methods are available on the Amazon website. It may seem easy to set up an account and think people would come themselves to buy your product. It’s actually not that simple. You have to carefully choose the product that you want to market while analyzing its quality and making sure all the cost-benefit analysis has been done.
You have to really know your market and the customers, the ongoing trends in the market and what is the ‘hot stuff’ in the market at the time. Draw a map and then devise a robust plan for all your dealings. A well thought out plan leads to successful businesses. There is an Amazon advertising option to get more exposure and it is a paid feature.
Photography has now evolved from being just a hobby to being an actual business. People hire and pay photographers for important events in their lives and pay hefty amounts as well.
There are different kinds of photography as well. You can venture into portrait photography, commercial shoots, real estate photography, product photography and wedding photography. Another really good option would be to go towards photojournalism and get your photos published and sold in the art world or a magazine.
It was common belief that a good camera or a good phone makes one a good photographer but it is not the case. On the contrary, Photographers are actually very skilled individuals who know their angles, colors, lighting and positioning really well. It’s not just a click anymore. People even take classes and learn photography to get better.
A good rewarding and lucrative business is the Consulting business.
You could advise a business and earn up to $1000 an hour. There are specialties that you could specialize in like sales, logistics, human resources, small business coaching, Facebook marketing, logos, emails, accounting and much more.
The way to go about this is to start an independent consultancy firm. This is what most of these professionals have done while working in their respective fields. This way they gain experience working in the field they would then be consultants for. Also this enables them to build a network of contacts and it eventually becomes an industry.
You could even do all of this online. The Internet has opened thousands of avenues for people who are willing to take on challenges and they are not afraid of taking risks. Online marketing has made it a whole lot easier to attract clients and customers.
Starting out, you could keep the rates low and increase as you go. At first keep a flat rate for all assignments instead of charging by the hour but that can change once you gain experience and expertise in the respective field. A detailed business plan could be devised and how are you going to get the word out about the business. Social media could come in handy in such situations. Like Facebook could be used, Instagram pages could be utilized as well to fetch potential clients.
There are a lot of new and unique business ideas that are and should be promoted. Some of them are actually very new and some of them have been here for a while. People should invest more in such initiatives and promote them.