The BEST business to start in your 20s (2023)
Hey there, welcome back to my channel! I'm thrilled to have you here for another exciting video. In today's episode, we'll be diving deep into the Best business to start in your 20s (2023). So, without further, let's jump right in!
There are things in your 20s that you can pick up on for you to start your entrepreneurship journey. As a Young Entrepreneur, many opportunities are available for you!
For most, starting up is tough due to the lack of capital, so the ideas that we are sharing will be those that do not require that much capital to start off.
For those who are not aware, most of the wealthy people in this world do not just start a business and they hit the jackpot. They go through a lot of failed ventures and failures in life before they hit success in one good business.
So before you hit that jackpot, you should be developing a strong set of skills that will help you eventually win in this game of life and business.
So what are some of the 10 business ideas that you can start young in your 20s, that will help you to grow wealth and be successful when you are able to get more done.
1: Digital Marketing
Digital Marketing is a huge space in the business world right now. Gone are the days when you pay good money to have your advertisement shown on the television and you will gain good purchases and also brand recognition.
Tv and news outlets are losing their shine with the advent of social media and social media and digital media marketing have become the new thing that businesses will tap into to showcase their products and also to funnel people into buying their products.
There are many different forms of digital marketing, there is Facebook and Instagram Marketing, There is LinkedIn marketing for professionals, there is Google SEO marketing, there is Google Adwords marketing.
Pick up one of these skills, get really good at it, and offer to help someone for free for a portfolio, and then you will be able to see yourself climbing up the ladder as you get better and can charge more for the amount of work you do for your clients.
2: Consulting Services
Are you someone who is really good at getting a certain food item done up in a certain manner? Or are you able to design something really special in a certain manner? SME Consulting work can be quite a lucrative business if you know someone that someone else doesn’t.
Connected to someone who is going to help their business? Great, one phone call from you and they close their deal and you get the consulting fees of introducing business, it is that easy.
3: Music Training
Parents sent you for music training when you are young? Do you have a diploma in it? Great, you are probably good enough to teach the next generation of people. This is a good business as a teacher because you can charge hundreds on ends and you will probably be needed for months or years to get them to a certain stage. Do not waste the money that your parents have paid to get you trained up in instruments, definitely something that most young people in their 20s can do and one of the best “Business ideas that you can start in your 20s”?
4: Sports Training
Parents sent you for sports training like swimming, tennis or golf?
This is a high-value skill as well. The sports that the rich want to get into but did not have a chance when they were younger because of poor background.
Sports are a great way to work out and at the same time make money, if you are able to recruit a few good trainers and do good marketing to generate that extra income, you can gain a lot more from starting this Sports Training business when you are young.
5: Blogging
Blogging is a good way to have a side income. There are many bloggers with a good interest in something and they have ads that will keep them going for a full-time role as a blogger. Blogging can be a very fun activity that everyone can take part in and when you have something that people will want to read about, you get something that is special for your own development and also wealth building.
This blogging interest can also translate into a YouTube channel that can bring you further into this journey of making money online.
Always make sure to make your content interesting and informative so that you will always gain the benefits of having a strong readership for you to monetize.
6: YouTubing
Youtubers are making millions from ad revenue nowadays and they have very interesting content that they can do for most people to be entertained. If you have something that you have an interest in and you think that other people will be interested in it, you might have hit the jackpot of it.
Work on getting your video quality up to date and also work on giving good advice to people who may want to learn something online and this is a good avenue of making great wealth.
7: Website Design
This is something that most young and technologically savvy people can pick up quite easily. The fact is that setting up a website is not that difficult but definitely time-consuming.
If you were to want to take up website design and development, you could always start off with WordPress. This platform is easy to work with and also easy to pick up.
If you are not someone who is good at design or writing code, find yourself a freelancer or find yourself a business partner.
You can do the sale and design and get someone behind on the codes.
8: Instagram Influencer or Instagram Reposting
Instagram is one of the biggest social media platforms in the world with many of the world’s eyeballs on it.
Facebook bought this platform with the main goal of pushing more of its advertisements onto the Instagram Platform.
With the rise of Instagram, comes the rise of the social media influencer group.
If you are not someone who is savvy, you could also do a repost account and help those who wish to gain more followers grow their accounts.
9: Live Streaming on Facebook to sell products
Live streaming has become a very popular way of selling certain products.
Electronics and fruits is one of the ways that Singaporean young entrepreneurs are taking advantage of in selling their items.
This is also a great way to reach out to more people in the online sphere.
Most of the people who do get started also use incentives to get the viewers to share their streams so that they can take part in some games.
These are a few ways to keep your crowd growing and make more money.
10: Mobile Application Development
Picking up mobile application development is not so clear cut, the skills needed will definitely involve some coding since you will need to understand how certain functions work.
Mobile Application Design and Development is slightly more complicated than Website Design and Development but then again, there are people that you could work with closely.
Learning through many online platforms is another way of picking up Mobile Application Development skills. This is a skill set that can be learned young and will be useful if you want to start your business young.
And that's a wrap for today's video. I hope you enjoyed it as much as I did creating it. If you found this content valuable, don't forget to give it a thumbs up and subscribe to my channel.
Thank you so much for watching, and I'll see you in the next one!
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