Many of us want to delve into the world of entrepreneurship. Some of us have the requisite capital and resources available. All the boxes needed to be a good entrepreneur are ticked. So, what hinders us from starting our own business? Most of the time, the right business idea is not there.
Finding the right idea is more complicated than it seems. The good news is that we’re here to help with that. Below are five viable business ideas for prospective entrepreneurs.
1. Probiotic Supplements
The need to boost one’s immune system can’t be overstated. The good bacteria in our body offer this requisite immune support. In certain conditions, such probiotic bacteria gets diminished. Obtaining them through our food may be difficult. The easiest way to do so is by taking a probiotic dietary supplement product.
You don’t need to have any expertise to venture into this industry. Actually, you don’t even need to manufacture your desired supplement yourself. We’re in an era of customized contract manufacturing. All you need to do is discuss with an FDA-approved probiotic manufacturer and evaluate every detail of your product. This includes the formulation, potency, active ingredients, health benefits, expiration date, etc. You can even visit their manufacturing facility to validate the quality of their manufacturing process.
2. Offline/Online Betting
Humans will always want to get more money in the easiest possible way. The betting industry offers this. The good news is that you don’t need to set up a Las Vegas-like casino to set up a betting business. You can start with a small space for table games, slot machines, and televisions.
You can even publish your odds for matches before they start. Conversely, you can set up a website with all these ongoing events. A good I.T consultant should be able to tweak all your needs into a dynamic website. You’ll then be able to receive payments from bettors. Such a website will have a more extensive reach, and the operating cost will be relatively cheaper.
3. Organic Dairy
We’ve always been dependent on dairy products as a food source. With the right marketing, pushing a product that’s 100% natural will certainly give you a slice of the dairy market. You can specifically invest in yogurts. This is a cost-effective venture which doesn’t require much. A small space and a few utensils are all you need. However, you must ensure stability testing on your product before releasing it into the market. With attractive packaging and an apt network of retailers, you should be successful.
4. Courier Service
We’re in the age of convenient shopping and online businesses are thriving. The world’s current richest man has made a fortune off the internet. Many more people are raking in profits. When orders are made, this trend of convenience must continue. The good thing about this venture is that it transcends the online space. Traditional markets and service providers also require efficient delivery systems. There’s also the need to get a steady supply chain of raw material and finished products.
You can begin your business with just one bike. Alternatively, you can outsource the delivery to drivers and pay them a fee. Consistency, reliability, punctuality, and integrity are the hallmark of this industry. You can only grow if you can meet time and delivery targets.
5. Home Tutoring
People don’t grasp things at the same pace. This is most pertinent in children. In modern times, the demand for work keeps parents away from their children for longer periods. Conventional teachers are also tied down with an ever-increasing workload. Parents will give an arm and a leg to see their kids get the best education. The home tutoring service offers this.
The good thing about this venture is that it barely requires any investment in physical tools. You also don’t need a decade of experience to venture into it. You even don’t need any experience at all. This is largely a skill-based enterprise. If you’re well versed in a topic and a patient communicator, you’re good to go. You may also opt to outsource this to skilled teachers and then take a commission of the fee paid. You can even develop an app for your service.