Wondering, what are top 5 business ideas that are most profitable in 2020. Time goes on, and with time business also get changes. Some new business grow and some business shut down. But in this continuous process we have to go on & on in this up and down.
There are many business to get started. But the listed down are currently hot in the market.
Here, in this article I have listed 5 best business ideas, choose one & get growing.
Top 5 Business Ideas in 2020
1. Ecommerce
If you have heard this name before, I am sorry to say this is must in 2020 even. Ecommerce is a online platform where you can sell our products such as SoFi Launches Beta Version of SoFi Invest.
You can make your own ecommerce store or you can join Amazon, Flipkart and other ecommerce store.
If you are a newbie, you can start your ecommerce start targeting a particular niche. It will be easier for you to sell and manage.
2. Affiliate Marketing
Affiliate Marketing is one of the best way to earn money sitting at home, only by generating leads. It is easy but not that easy too, you have to learn about copywriting & have to give conversion.
There are various CPA network you can join.
Amazon and various other ecommerce sites are offering their ecommerce platform for affiliate marketers.
Many Youtuber’s, blogger, Social Influencer use affiliate marketing and earns good amount of money.
Offer value and be authentic always to win the trust. This will increase the rate of conversion more and more.
3. Coaching
Coaching business is always best since decade. If you are a teacher you can make a group of students batch and charge fee from them monthly.
If you are not a teacher you can hire teacher and run a institution.
You can also start online paid course, where users have to buy your course. This require one time investment of time to make videos and make money monthly. Promote you course in social media through ads, build your audience or group(community).
Update your course regularly, if necessary. So, that your course doesn’t get old and make money for long time.
4. Web Designing & Development
You can start a web designing & development company. Web Designing is very much valuable because it’s the UI, which needs to be good to satisfy user. There are many works available on freelance, upwork and other platform on web designing & development. There are multiple language to works on backend, you have to know as much language as you can, so you can bid on different projects.
You can grow this business and build your team and start approaching big clients.
5. Event Management
Event Management can be a good option. Every college need someone to organise their social program and other programs, you can approach them for work. Not only in college, there is a wide field you can organise marriage programs, birthdays party etc.
You can make tie-up with hotels, farm house, caterer, decorator, photographer etc, and start your business at very minimal cost of investment.
You can give some unique touch than other just like using drone in birthday parties.
So, this are some of the top business ideas you can start in 2020. They have better scope and good future.