With the turn of the 21st Century, business opportunities that are waiting just around the corner are everywhere and anywhere for millennials. The only thing that’s left is for one to grab the opportunity and turn it into reality. Running a business that would be an instant hit must be the dream of any millennial who would want to venture into businesses that would make its way in the market. However, the fear of “not making it” would instantly hinder that dream even before it begins.
This is understandable, but in reality, there are a lot of profitable businesses that one can start now. It doesn’t necessarily mean inventing a new product or service, but one must only figure out how to solve a need in the economy and make money while doing it.
Here is a list of twelve profitable business ideas suitable for millennials.
1. Turning To Social Media
Popular social media platforms are the best avenue for putting up a business. People turn to utilize social media such as Facebook, Twitter, and Instagram to gain profit in the middle of the current pandemic.
As a millennial, one could definitely explore offering products or services that can be publicized through their social media platforms. One could instantly have their target market with their friends and followers from these social networking accounts – count that as a done deal – that makes this idea profitable for a budding business.
2. Starting A Recruitment Agency
Starting up a business or a small company that’s central to recruitment is another idea to make a profit. One could offer human resources services such as drivers, house cleaners, and other home service packages. A millennial can explore a service that he or she would like to push through by hiring people who are best fit in providing this service.
3. Developing A Website
Web development is one of the fastest-growing online industries today. As millennials are known for being tech-savvy, they can easily learn this skill online through various tutorials on the Internet. If you’re into web designing, you can build and manage your own business all from the comfort of your home. You can use several online platforms, including social media websites, to look for clients.
4. Shifting To Healthcare
The turn to healthcare became a crucial shift worldwide with the onslaught of the Covid-19 pandemic. The demand for medical and non-medical personnel as well as for medical facilities is huge to every country that is suffering from the virus.
With this, a business that would focus on healthcare is undeniably one of the best options to take in order to make a profit. Selling medical supplies or putting up local pharmacies are some of the things to be considered under businesses for millennials related to healthcare.
5. Investing In Water Purifying Stations
Water is a golden necessity as it also became an industry of its own with the great demand for clean water. Millennials could take on starting a business of water purifying stations within their area – while, of course, following safety protocols – that would be a profitable business idea while also providing clean water for one’s community.
6. Short-term Housing
A millennial who is planning on putting up his or her own business can invest in short-term housing such as apartments for rent or transient. This is a very profitable idea to embark on since it is a consistent source of money while making up for the demand for nonpermanent housing.
7. Becoming an Influencer
Blogging or Vlogging could be one of the best small business ideas that a millennial can start. This is not just a simple hobby but you could start making money from the ads Google places on your videos. Always remember to use your passion and turn it into profit.
Although success in this facet might not happen overnight, many influencers report that this “job” is very enjoyable especially when you have plenty of time to kill. Creating more high-quality content can help you gain a loyal following as well as generate traffic from search engines once you get to monetize your content.
8. Selling Items Online
If you want to increase your income without making a big investment, why not engage in a direct selling business? You can opt to become a sales agent for companies like Avon and Personal Collection and be able to earn an extra bit of money. Or, you can choose to buy and sell different items, merchandise, or even food through the use of social media platforms like Facebook and Instagram.
9. Graphic Designing
Do you know how to use Photoshop, Illustrator, or even Canva? Are you passionate about graphic design? Why not use that skill in starting your own business? You can easily gain profit when you create logos and other branding designs for different companies or even local businesses.
If you are someone who loves to teach, why not give tutoring a try? Amidst the pandemic, students everywhere are having trouble understanding their lessons. Online schooling might not be for everyone; hence, the demand for extra tutoring increases. You can use your free time into doing something great like teaching students.
The “plantito and plantita” fever this 2020 will only get more and more contagious in the coming years. This is why the demand for plants continually increases. Now, taking advantage of this situation might be a good option for any plant-loving millennial. Just make sure that you propagate your plants and not take more from the wild.
12. Creating Art
Any millennial who has imagination and willingness to learn creative skills can start their own business. You can create DIY crafts or even other artworks and sell them online for a price. You can also accept commissioned artworks and requests from your patriots.
Starting a business might be an overwhelming idea. However, trying is better than letting opportunities pass.