If you’re looking for business ideas for 2023, you’ve come to the right place. Creating your own business is a great way to become your own boss and achieve financial independence. And, with the right business idea, you can start generating income from day one. But what are the best small businesses to start in 2023? To help you find the right business idea, we’ve compiled a list of 10 business ideas that we think are best positioned for success in 2023.
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1. Vending Machine
A vending machine business is a great business to start as a full-time job or a side hustle. In addition to having one of the highest success rates of any business type, vending machine businesses have several other unique qualities:
- Strong Profit Margins: you can buy a can of Coke for 40 cents and sell it for $1 or more
- Low Startup Costs: you can get started for less than $2,000
- Solid Cash Flow: each of your machines can gross $1,000 or more per month
- Simple to Manage: you can start with no employees and the business is simple to run
- Takes Little Time to Operate: you can run the business in just hours each week
- Flexible Hours: you are able to set your own hours
- Recession Proof: even when times are bad, people always have a dollar to purchase a soda or snack
- Easy to Grow: you can reinvest your early profits to grow your business to whatever size you choose
- Minimal Risk: the success rate in the the vending machine business is above 80% (Source: VendSoft) while in other businesses it’s less than 10%.
2. Content Marketing
If you’re a good writer and have something valuable to say, content writing and blogging could be the perfect business for you in 2023. In today’s digital world, more and more businesses are in need of high-quality content. From blogs to website copy to eBooks, there’s a huge demand for writers who can produce engaging, well-written content.
For this online business idea, you can either start your own blog and generate income through advertising or work with businesses as a freelance writer. If you choose to work with businesses, you can offer your services on freelancer sites like Fiverr or Upwork.
Learn how to start a content marketing business →
3. Virtual Assistance
As businesses increasingly move online, the demand for virtual assistants is also on the rise. A virtual assistant is basically an online personal assistant. As a virtual assistant, your job will be to help other businesses with a variety of tasks, including scheduling appointments, managing email accounts, and more.
To get started as a virtual assistant, you can create a profile on sites like Zirtual and Upwork. Once you have a profile set up, you can start applying for jobs.
Learn how to start a virtual assistant business →
4. Web Development and Design
If you’re good with computers and have an eye for design, web development and design could be the best business to start in 2023. In today’s digital world, nearly every business needs a website. As a web developer or designer, you can help other businesses create the perfect website for their needs.
To get started in this business, you’ll need to learn some basic coding and web design skills. If you don’t have these skills yet, you can take some online courses to learn them. Once you have the necessary skills, you can start offering your services on freelancer sites.
Learn how to start a web development and design business →
5. Digital Marketing
As more small businesses move online, they need to find new ways to reach their target audiences. That’s where digital marketing comes in. As a digital marketer, your job will be to help businesses promote their products or services online. This can involve Search Engine Optimization (SEO), creating and managing social media marketing posts, developing paid marketing campaigns for pay-per-click and social media platforms, managing the online reputation, and more.
If you want to get started in digital marketing, the best way to do it is to start your own blog. This will give you a platform to showcase your skills and attract potential clients. Once you have a few clients, you can start offering your services on freelancer sites.
Learn how to start a digital marketing business →
6. Affiliate Marketing
Many people swear by affiliate marketing, which makes it another great online business idea for 2023. Affiliate marketing is a type of performance-based marketing in which a business rewards an affiliate for each new customer that they bring to their site. As an affiliate marketer, your job will be to drive traffic to a business’s website and then earn a commission on any sales that you generate.
To get started in affiliate marketing, you’ll need to find businesses that offer affiliate programs. Some examples of businesses that offer affiliate programs include Amazon, Clickbank, and CJ Affiliate. Once you’ve found a few businesses that offer affiliate programs, you can start promoting their products on your blog or social media accounts.
Learn how to start an affiliate marketing business →
7. Graphic Design
If you have an eye for design, graphic design could be the perfect business for you to start in 2023. In today’s digital world, successful businesses need high-quality graphics for their websites, social media platforms, and marketing materials. And, as a graphic designer, you can help them create those graphics.
To get started in this business, you’ll need to learn some basic design skills. If you don’t have these skills yet, there are plenty of online courses that you can take to learn them. Some examples of online courses include Udemy, Skillshare, and Lynda.com. Once you have the necessary skills, you can start offering your services on freelancer sites.
Learn how to start a graphic design business →
8. Food Delivery Service
Another great small business idea for 2023 is a food delivery service. With more and more people working from home, there is a growing need for food delivery services. While operating a food delivery service, your job will be to deliver food from restaurants to people’s homes.
To get started in this business, you’ll need to find a few local restaurants that are willing to partner with you. Once you have a few partners, you can start promoting your service on your blog or through social media platforms. You can also sign up for a food delivery service like DoorDash or Postmates.
Learn how to start a food delivery business →
9. Sell Your Crafts
If you’re a creative person, one of the best small business ideas to start in 2023 is selling your crafts. This can include anything from paintings and sculptures to jewelry and clothes.
To get started, you’ll need to create a portfolio of your work. You can then start promoting your business on your blog or social media accounts. You can also sell your crafts on sites like Etsy and Amazon Handmade or at local craft fairs and consignment shops. There are numerous opportunities for selling your crafts, so you’ll need to get creative and think outside the box.
Learn how to start a craft business →
10. Dropshipping Business
Dropshipping is a type of online business in which you sell products that are shipped directly from the supplier to the customer. As a dropshipper, your job will be to find suppliers, create a website, and then promote your products. When a customer orders one of your products, you will simply place an order with the supplier and have the product shipped directly to the customer.
To get started in dropshipping, you’ll need to find a supplier and create a website. You can then start promoting your products on your blog or social media accounts. You can also sign up for an e-commerce platform like Shopify or BigCommerce.
Learn how to start a dropshipping business →
11. App Development
With more and more people using smartphones, there is a growing need for apps. And, as an app developer, you can help small businesses meet this demand. Apps are used by a variety of industries, so there is always a need for an app developer.
To get started in this business, you’ll need to learn how to code or hire someone who knows how to code. Some resources that can help you learn how to code include Codecademy, Udacity, and Treehouse. Once you have the necessary skills, you can start offering your services on freelance writing sites. Or you can build your own app and sell it on the App Store or Google Play.
Learn how to start an app development business →
12. Online Tutoring Business
If you’re a teacher or expert in a particular subject, one of the best small business ideas to start in 2023 is an online tutoring business. Online tutoring allows you to reach a larger audience than you would if you were teaching in a traditional classroom setting.
To get started in this business, you’ll need to create a website and promote your services. You can also sign up for a tutoring platform like Tutor.com or Wyzant. Once you have a few students, you can start teaching them online via Skype or Google Hangouts.
Learn how to start an online tutoring business →
13. Pet Grooming Business
Pet grooming is a service-based business that is perfect for animal lovers. In this business, you will provide a variety of grooming services to pet owners, such as bathing, brushing, and nail trimming.
To get started, you’ll need to find a few clients and create a portfolio of your work. You can then start promoting your business on your blog or social media accounts. You can also sell your services on sites like Rover or Wag.
Learn how to start a pet grooming business →
14. Online Medical Supply Business
One of the best small business ideas to start in 2023 is an online medical supply business. In this business, you will sell medical supplies and equipment to directly to customers or to businesses.
To get started in this business, you’ll need to find a supplier and create a website. You can then start promoting your products on your blog or social media accounts. You can also sign up for an e-commerce platform like Shopify or BigCommerce.
Learn how to start a medical supply business →
15. SEO Business
SEO or Search Engine Optimization is the process of optimizing a website for Google and other search engines with the goal of earning higher web traffic levels and improving the visibility of the site. As an SEO consultant, you will help businesses improve their website so that it ranks higher in search engines.
To get started in this business, you’ll need to create a website and promote your services. You can also sign up for a freelancing platform like Upwork or Fiverr. Once you have a few clients, you can start offering your services.
Learn how to start an SEO business →
16. Consulting Business
Consulting is a service-based business that involves giving advice and providing solutions to businesses and individuals. As a consultant, you will use your expertise to help businesses grow and improve within your specific niche. You can be a consultant in a variety of industries, such as marketing, management, finance, or even technology.
To get started in this business, you’ll need to create a website and promote your services. You can also reach out to local businesses and offer your consulting services. Once you have a few clients, you can start charging for your services.
Learn how to start a consulting business →
Conclusion
These are just a few profitable small business ideas to start your own business in 2023. If you’re looking for a business idea that will help you make money and be successful, one of these ideas may be perfect for you. All you need to do is decide which business idea you like the best and develop the skills needed for success. With a bit of planning and hard work, you can succeed at any of these business ideas in 2023.
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Additional Resources
- Learn more about starting your own virtual assistant business from VirtualAssistantMavericks.com.
- Start your own tutoring business with the help of TutoringMavericks.com.
- Learn more about how to start your own consulting firm from ConsultingMavericks.com.
- Start your own software company with the resources available on SoftwareMavericks.com.
- Learn more about dropshipping and what it takes to start your own dropshipping business with DropshippingMavericks.com.
- Start your own marketing agency with the resources available on MarketingAgencyMavericks.com.
