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Think_big_start_small

Think big start small

Welcome to our list of the best small businesses opportunities for 2019, chosen from across a variety of industries. To make my list, these businesses must:

There are certain traits that best small businesses should possess; be profitable on the long run, sustain during a dull economic cycle, needs some vocational skills training, or some prior industry experience, and does not require huge capital but perseverance, hard work and the passion to succeed. More often, these small businesses are home-based.

Here are some best small business ideas based on current business trends; but these are not in any picky order.

Online Sales

Opening online shops on platforms like Amazon shall be a prudent option. Amazon provides the “Fulfillment by Amazon (FBA),” which is a plan that permits product sellers to market their goods through Amazon.

This great business opportunity of Amazon takes only a “fulfillment and monthly storage fees” and removes most of the problems in operating a retail business online like storage handling, packaging,delivery, return of products, and customer service queries, and provides Amazon website listing.

Sellers are only required to transport their goods to an Amazon fulfillment center and create product listing on their Amazon store. Once listings go live and transactions happen, the seller starts receiving their portion of the proceeds on a weekly basis.

FBA sellers source products for their Amazon stores in a variety of ways, such as from original product ideas which the seller gets manufactured to specifications, from local or national wholesalers, from overseas bulk discount suppliers such as Alibaba, by arbitrage - purchasing discounted items online or from retail stores and reselling them for a profit. If you wish to start a product sales business the Amazon FBA program is an ideal way to get into the online retail marketplace.

Skilled Trades

Skilled trades have been suffering negligence as a career choice in our country. This is because of the parental intervention that deters students from picking such perceived-to-be odd courses. Moreover, there is an illusion that these courses would land the pursuant into least paid jobs.

But, a study estimates that a considerable share of the current day tradespeople will retire in the coming decade, which will create a great demand for skilled workers in various trades like welding, carpentry and general construction, plumbing, pipefitting, steam fitting, electrical and electronic control systems, heating, ventilation, air conditioning, and refrigeration, machinists and metalworkers, brickwork and steel working etc. All these skilled trades enable the skilled talent to embark on self-employment.

High Salaries and Strong Demand for Experienced Tradespeople

Most skilled trades can be managed as home-based businesses as the work is mostly required to be carried out at the customer’s workplace. Moreover, startup investment costs are comparatively low for most skilled trades, and most cannot be automated to any level, which ensures future job security. Many skilled tradespeople take advantage of openings in far-off or abroad locations to demand a great deal of higher level compensation.

Why not take advantage of the demand and consider one of the skilled trades as your next business opportunity?

Engineering and Development

Software engineers and developers create, test and maintain software on a variety of platforms, from mainframes to mobile devices. According to the Economic Times survey reports, there is a positive 53% of net employment outlook for the period October 2018 to March 2019.

Further, it states that particularly, IT hiring will rise gradually and see a upside by March 2019. Non- IT companies that are building teams for digital transformation will be the big players in hiring IT resources. Eventually, non-IT companies across sectors jointly sum up a hiring outlook of 45% [1].

Moreover, roles like Systems analysts, Hardware/software technicians, Network engineers and Security specialists are other high demand, wellpaid roles in the Information Technology domain.

Virtual Reality

By 2020, the global magnitude of the VR market is expected to exceed $40 billion as per the study of statista. Concurrently, hardware and software vendors are striving hard to take novel Virtual Reality products to the market and the industry is growing exponentially.

The potential uses of virtual reality for business or pleasure are practically limitless such as 3D movies, real estate marketing, gaming, team-building exercises, social media VR interaction, Training, Meditation etc.