7 Startup Business Ideas in 2018 You Should Look Into
As the year 2017 has come to an end, it is usually time to think, reflect and make changes. It is a time to reprocess how your life has been going and plan ahead to be a winner.
While it is the end of the year, it marks the beginning of a new one with unlimited possibilities. Whether your year was a success or it ended up being wasted, 2018 presents a fresh start to put things into perspectives.
My year wasn’t that perfect in relative terms. I let go of my blog after it was hacked because I was too lazy. I started working on the blueprint for Start-up Geek. But I didn’t launch it until 2 days ago. But here we are now.
Though I wasted precious’time’, I learned a great deal and acquired few skills.
So, in today’s post, we’re gonna take a look at the best 7 start-up business ideas you should look into in 2018.
Before you read further, you should know that this list is based on my opinion and little I’ve been doing.
So, here we go:
Bitcoins or rather cryptocurrency has taken the world by storm especially in the last 3-4 months. A single bitcoin reached up to more than $16,000. Ever since that increase in exchange rates of cryptocurrency, people have been going crazy about it, after all, it is the currency of the future.
Although it dropped to less than $15,000 per day a few days ago. There’s no doubt that going into bitcoin business will be very profitable.
You can earn bitcoins by mining them, trading that, getting paid for completing tasks, etc.
Actually my personal favorite, wait, maybe it should have been number one. Anyway, no matter what happens, blogging is always gonna be relevant, except of course the Internet get destroyed or something. Woah, the thought of that gives me goosebumps.
There are a lot of blogs on the Internet, and everyday, tons of blogs are created. The reason is simple, blog is good for business and making money. Even ‘traditional’ offline businesses are creating blogs to establish an online presence.
You can make money online with blogging through ads, sponsored or paid contents, paid memberships, and affiliate offers. You can also sell products and services on your blogs.
To create a blog, purchase a domain name of your choice and buy hosting, then install WordPress and you are good to go.
3. Create YouTube Videos
It’s almost getting crazy how there are a whole lot of videos on YouTube on almost any topic, even crazy unexpected topics that will make your mouth drop.
Anyway, the reason that people are getting into creating YouTube videos is because it is ‘easy money’ and fun to create videos.
YouTube pays video creators to display ads on their videos. You can also use YouTube to promote your business/brand, drive sales and promote affiliate offers.
Creating YouTube videos is free. The tasking part is building an audience. It takes time depending on the kind of videos you create and the niche.
4. Online Courses
Fun fact: Over $47 billion+ has been spent on online courses in 2017.
That’s a whole lot of cash. And, did you know that there are only instructors that make over a million dollars yearly?
People are looking more into learning from the comfort of their homes. Most have kinda become lazy and don’t want to go out to school.
I can’t really blame them, unnecessary social interactions, the bullying and what not.
If you are an expert on something (anything, which I know, you have at least one skill), this is a good opportunity for you to make money online, by teaching what you know.
Basically you become a teacher. But the coolest part is, you don’t have to enter classes and do all the stressful work.
You just set up the courses on learning platforms like Udemy and students get access to your lessons after they pay. Money in your pocket, comfortable at home.
To start, make a list of the things you’re expert on, pick the ones your want to create courses on. Choose a learning platform to add the courses, set up his you want to get paid and work on getting more students.
You can also teach/coach on your blog. But sometimes putting your courses on learning platforms is better because of free traffic and referrals.
5. Web Design and SEO
This is a simple case of relativity. People are getting more into blogging and creating websites, you they need people to help them with various aspects of this endeavour.
People need help to make their blogs/sites look cool and get traffic. They’re willing to hire people for that.
A single task costs about $5 and above on freelance sites. Of course you can include add-on services to increase the fee, it’s all about marketing.
6. App Development
App development is a great way to make money online, whether your apps are free or paid for. Either way you can make.
Almost everyone has a smartphone these days and the best way to enjoy using them is by downloading apps (especially gaming and social media apps).
Android apps are better if you want to really make money in my opinion, because let’s face it, how many people use iPhones and Windows phones?
App developers mostly make money from ads. While I used to think that app developers didn’t make much from their apps, I was shocked to find out that I was wrong. There are app developers that make 6 figures yearly.
The cool part about this is that you don’t need to even know how to make apps, you can hire someone to make apps for you on freelance sites like Fiverr, Freelancer, etc.
7. Sell Products and Services Online
Last, but not the least…
There’s a huge growth in the sales of products and services online. I don’t know whether to attribute this to laziness or expert delivery of goods and services to buyers.
When people are looking to buy something, they first do a little market survey on the Internet. From the survey, one thing leads to another and they end up ordering online. (This has happened to me a lot).
Selling online really takes the pressure off, especially if you’re selling digital products (eBook,audio, videos, courses). Everything is automatic and you don’t have to handle every single customer directly.
Furthermore, selling online gives you statistical data on how to improve customer experience and increase sales.
Personally, I think that selling online is a real kicker.
To sell online, you can create your own e-commerce store or use big online stores like Amazon, eBay, Alibaba etc.
Domain flipping is actually a neat business, especially is you’re lazy and got cash in your wallet.
Domain flipping business involves buying and selling of domains.
With websites like Flippa.com, you can actually buy a business that’s already blooming. After purchasing it, you can either work on it or sell the website again.
The key to domain flipping business is buying the right domain at the right time.
You can buy a domain for $20 and sell it for $500-700 or more.
SumoMe bought the domain sumo.com for around a million dollars a few months ago. And I’m very sure the previous owner of the domain didn’t buy it for that much price.
So, what so you think? Which business idea are you gonna try in 2018?
Looking forward to reading your thoughts.
Comment below and I’ll get back to you with tips on how you can go about it!