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20 percent of small businesses close within their first year of opening. Needless to say, starting a new business isn’t for the faint of heart. When you start a business, you want to ensure that you’ll have staying power which is why it’s essential that you have an innovative idea behind your startup.
For that reason, here are five new business ideas that are sure to help your startup stand out from your competitors.
- Work From Home as a Virtual Assistant
A virtual assistant is a contract worker that offers a wide range of services, from managing accounting to managing personal schedules. With more businesses going digital, the need for virtual assistants is skyrocketing.
Likewise, businesses are searching for virtual workers because they aren’t limited to a certain location. As such, you could be working for a big tech business in New York City, for example, right from the comfort of your home!
- Turn Your Love for Dogs into a Business
Starting a dog-walking business is a great way to get exercise while getting paid and build personal relationships with clients. Best of all, you’ll get to make all sorts of new furry friends!
Also, a successful dog-walking business is dependent on good customer service, which makes this an ideal industry to go into if you’re a people person.
- Partner With Brands as a Social Media Influencer
A social media influencer isn’t just anyone with a social media account, rather they are people who specialize in growing their social media following in a specific niche. Many brands, especially those selling niche products, rely on social media influencers to sell their products.
- Teach Online and Sell Course Memberships
Online courses allow people to learn anything they could dream of, from how to play the guitar to how to cook the best fish tacos and more! As such, there are many niche possibilities in this industry.
- Start a Freelance Writing Business
Freelance writing is the easiest type of small business to start because you only need a computer and an internet connection to do it. Moreover, you don’t have to have any writing qualifications or expertise to get your start in this industry.
Try Working With an Innovation Platform
When it comes to starting a business, innovation is easier with evidence. This is why it’s important to work with an innovation platform to help vet your business with potential investors. An innovation platform acts as a matchmaker between your small business and enterprises to help ensure that you get the funding necessary for your business venture.
Use These New Business Ideas to Stand Out
From shopping for clothes online to ordering groceries on an app, more of our everyday lives are becoming digital. As a result, all the best new business ideas have some sort of digital component.
By using one of these five innovative business ideas, you can ensure that your startup blows away your competition and has staying power.
If you find this article to be helpful, then you can check out the rest of our blog for more great business ideas.
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