Multiple Blue Rings

10 Great Business Ideas That Will Make You Money in 2022

Create on online course

E-learning was a $250 billion industry in 2020 and is projected to become a $1 trillion industry by 2027. If you have a computer and something to say that can help people, online courses have low startup costs and high profit margins when you hit the nail on the head. To make an online course fly, however, you need an audience of people who 

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Create on online course

want to buy it, and audiences can take years to build. Online course marketplaces like Skillshare can be a great way to work around the “no audience yet” conundrum.

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Rent or lease out existing assets

When Airbnb burst onto the scene in 2008, the idea of subletting a stranger’s home for a weekend felt foreign and bizarre.  Nearly 15 years later, the “sublet economy” is now everywhere, and an entire crop of “Airbnb for X” startups exist that help people turn existing assets into moneymaking opportunities. Among the 

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Rent or lease out existing assets

recent “sublet economy” options: – RVnGO, a platform for renting out your RV (or booking one for an upcoming road trip) – Turo, the world’s largest car sharing marketplace – Spacer, a marketplace for garages and parking spaces – Swimply, a subletting platform to rent someone’s pool

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White label a beauty or wellness product

Manufacturing a wellness or skincare product from scratch can be a huge and expensive undertaking. If your next brilliant idea falls into this category, have you looked into all the FDA regulations? Multi-year timelines are not unusual for new products in these industries. White labeling a product can be a smart compromise if you’re 

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White label a beauty or wellness product

just getting started. JBK Wellness Labs, an Inc. 5000 company, notes that white labeling is a great supplement for salon or spa owners, hairdressers, and beauty influencers who want to apply their own branding to proven formulations.

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Start freelancing

Online job marketplaces like Upwork and Fiverr have helped millions of freelancers supplement their income or even make a living working remotely.  LinkedIn also recently launched its Services Marketplace, another sign of the dramatic shift in employment opportunities. Can you write? Are you good with social media, or video, or coding?

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Start freelancing

Offer your skills online where people are looking to hire and you might be surprised at the results. Having an eye for detail and no particular area of expertise works, too; virtual assistant work has huge demand, and your clients will tell you exactly what they want you to do. Freelance work is also a great compromise if you want to augment your 

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Start freelancing

income, but aren’t ready or interested in leaving your 9-to-5 job just yet. Contrary to popular belief, many successful entrepreneurs first tested their idea as a side hustle and validated their value proposition before making the jump.

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Break into the creator economy

Many online platforms have recently earmarked funds to dole out to creators, including Facebook, Instagram, and Snap. If you love creating content online and have something to say, big tech platforms want to pay you to do it well. Most platforms require a certain amount of traction first before you can monetize. On YouTube, 

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Break into the creator economy

for example, Partner Program requirements state that channel owners “need to be in good standing with YouTube, have 4,000 valid public watch hours in the previous 12 months, and at least 1,000 subscribers.” These barriers help ensure new accounts don’t come in and try to game the system from day one.

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Host a group program

Want to work with a community of clients or customers all at once? Consider offering a live group program that has a distinct start and finish. Virtual group programs have exploded since the start of the pandemic, with online book clubs, social clubs, and fitness challenges quickly becoming viable business models. When marketing

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Host a group program

a group program, speak to how a group environment has more camaraderie (and is often more cost-effective) than working with someone one-on-one. Pro tip: If your online course idea isn’t fully baked yet, test it as a group program or live workshop series first. This helps you work out the kinks and see firsthand what customers actually 

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Host a group program

want and need and how they implement the tools and ideas you present to them. It also saves you from building and launching an online course no one wants (which I have done before – trust me, it’s not fun).

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Become an affiliate for your favorite brands

If designing your own service, program, or product sounds intimidating, consider piggybacking off of someone else’s proven offer instead.  Affiliate marketing gets a bad rap because of multi-level marketing scams and pyramid schemes, but many products and software ethically rely on referral links as a way 

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Become an affiliate for your favorite brands

to build their customer base. When exploring an affiliate marketing approach, think about how you can make your promotional efforts different. Everyone is selling the same product in this situation; brainstorm ways to stand out from the crowd.

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Launch a paid newsletter or subscription

Some professionals are choosing to go the creator route and start their own paid subscriptions. If you can create content quickly that is valuable or exciting to others, an internet connection is all you need to launch your own niche media company. Platforms like Patreon and Substack follow similar models, enabling content creators to sell directly

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Launch a paid newsletter or subscription

to their fans and taking a cut of the transactions. The business model has Silicon Valley buzzing; last year The Information published its Creator Economy database, noting that U.S.-based creator startups brought in several billion dollars in funding in 2021.

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Offer home delivery services

The past two years left many of us acclimated to staying home and having goods delivered to our doorstep. Subsequently, a whole new world of home delivery services has opened up. Do you see a need in your community for certain people to have items or services brought to their own home on a regular basis? If the answer is

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Offer home delivery services

yes, you might already have your next lucrative business idea. The sky’s the limit here. I live in a fifth-floor apartment in Los Angeles; our dog refuses to take the elevator or the stairs, so we have a sod delivery service come and drop off fresh grass on our balcony every two weeks. Yes, this is real – and it’s worth every penny. There’s 

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Offer home delivery services

а saying in pricing psychology: “The premium you charge is the value you create.” Don’t be afraid to get creative here.

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Get into e-commerce

E-commerce has become a wildly popular industry, and tools like Shopify and Fulfillment By Amazon have made it easier than ever to bring your visionary product to market in weeks or months rather than years.  In fact, e-commerce companies are so in demand that venture-funded aggregators like Thrasio and Perch 

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Get into e-commerce

have burst onto the scene with the sole intention of acquiring your product-based business. Creating a product yourself also gives you the opportunity to create a brand identity along the way. A word of caution here: E-commerce sometimes leans heavily on global supply chains running smoothly, and the last two years have been a

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Get into e-commerce

logistics nightmare. If you choose this approach, educate yourself on the manufacturing and shipping needs your company will be responsible for.

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