What are the best business ideas to consider starting when the usual ways of doing business seem to be changed? Here are nine worth a look at.
If you’re looking for a new business to start in 2023, there are plenty of options.
To determine the best businesses to start this year, you need to consider what people will be looking to buy and how they’ll want to learn about and buy those products and services. You also need to consider what products or services they won’t want or that they’ll be slow to start repurchasing.
The good news is, there are always opportunities for starting a business. If you consider yourself an opportunity seeker or optimist with a glass-half-full mentality, the following list of the best businesses to start in 2023 should be right up your alley.
Freelance Service Provider
The best businesses to start are those that use skills you already have, and that have customers who need those skills. And, if you have creative skills such as writing, graphic design, audiovisual editing, or website design, being a freelance service provider could be the perfect business for you to start now.
You can start freelancing as a part-time business or grow it into your full-time source of income. Take your skill and offer it among the many freelance marketplaces online or use social media to market your skill to the thousands of businesses that are starting every month.
The U.S. Census Bureau reports, for instance, that there were 425,741 applications for Employer Identification Numbers in September 2022. Every one of those businesses needs websites, logos, and other marketing collateral, as well as a bevy of business documents. These businesses are prime customers for upstart freelance service providers. So, too, are existing businesses that want to upgrade their websites, get help with social media, or need other business improvements to stay competitive.
Digital Marketing Agency
Business startups aren’t the only businesses migrating to online operations. Existing businesses have also been forced to seek ways to expand their online presence. MasterCard SpendingPulse reports the 2022 holiday season saw a 10.6% increase in e-commerce sales over the previous year.
E-commerce as a whole is expected to grow well into the future. As a result, every online merchant will need someone to help them with a range of services, including optimizing their online store, digital marketing, online advertising, and content strategy. Your digital marketing agency will need a team of people to handle the various services. This team could consist of reliable independent contractors, or you could hire traditional employees if you have steady work and don’t want the people who work for you to work for anyone else at the same time.
Podcast Host
Podcasting is another online business category that is growing. According to Grand View Research, the expected compound annual growth rate (CAGR) of the podcasting industry through 2027 is 27.5%. With a low barrier to entry, all you need is a high-quality microphone, a laptop computer, and audio editing software that you can download for free online.
Podcasters earn their income through sponsors and ancillary product sales. If you have a good idea for a podcast, the ability to reach a targeted audience, and the personality that appeals to that audience, this is a growing business sector with a lot of opportunities.
Healthcare Services
Healthcare is a growing field. The Baby Boomer generation is aging and in need of all sorts of health assistance. That includes in-home healthcare services, ambulatory devices such as wheelchairs and crutches, and adult daycare. The medical cannabis business is also growing, providing huge opportunities for savvy entrepreneurs. Younger people are also interested in health and wellness, fitness, and personal training consulting.
