Great startup ideas to make money in 2020

PESTLEanalysis Team
PESTLEanalysis Team
Table of Contents
Table of Contents

This year is keeping everyone at home, so why not make use of it opening a business that provides service remotely? We have some great ideas in mind.

The year 2020 has become a real surprise for businesses all over the world as nobody expected the pandemic that kept all people at home and thus ruined the majority of them. However, life is going on, and we should adapt to the situation by coming up with new and more relevant business ideas based on customers` needs. 

Students are believed to be the most innovative people with fresh ideas and energy to bring them to life (when they are not busy with homework, of course). While you can always delegate paperwork and other assignments to expert writing services like the ones described in an unemployed professors review, why not think about startup ideas that will definitely skyrocket in 2020?

Top startup ideas to work out in 2020

Many startups fail because of not meeting the market need, but the good thing is that the market need for this year is everything that can be done or bought remotely. This is a win-win: if the pandemic continues, you will be in profit. If it does not, people will still not mind ordering things or services distantly when it`s necessary. Just like essay writing services will never go out of trend (you can find some good ones in paper help reviews), online or remote business can make you a lot of money today. On this list, you can find the top most promising and demanded startup ideas that will help you succeed:

1. Dropshipping

This is a win-win option for those who don`t have an initial amount of money to be invested in new business and also those who are afraid to lose them. Dropshipping is aimed at selling products online: not physical products but the ones presented by your partners. To get started, you need to create an online e-commerce platform and promote it to make other companies interested in cooperating with you. Your only function will be connecting customers with suppliers who will store, pack and ship ordered stuff;

2. Translation

No matter what happens in the world, people who know several languages will always be in demand. You can start a business offering translation services and, thus, monetize your skills. Create a website or at least account on social networks with a description of your services and start looking for orders on such platforms as UpWork and Freelancer. Slowly building your portfolio, you can gradually increase prices and get more new clients;

3. Teaching and paper writing

Students have always been in need of help, both with homework and writing papers: the only difference is that now you will do it remotely. If you are good at Math, Literature, Spanish, or any other subject, you can become an online tutor. At the same time, a good idea will be to open an essay-writing company: you can gradually hire other writers and provide young people with great papers meeting their deadlines. This job is always in demand;

4. Advertising

When everybody is sitting home, how can businesses find clients? Right, it is possible with the right online advertising, and you can become a part of it. There are many ways to find your place in marketing: you can become a copywriter and write texts, operate with business accounts in social media, or promote their services directly with creating ads. You will need the basic design and writing skills, and of course, all your creativity;

5. Blogging

One of the easiest ways to make money online is to become a blogger. If you know something good (for example, Psychology) or are just an open-minded person taking part in different activities and sharing it with people, you can make some good money on monetizing your profile with thousands of followers. Other businesses will be paying you just for mentioning their services on your account, but first, you need to fill your account with engaging and entertaining content to get your first followers and become popular;

6. Software development

Many outsourcing-type companies are already doing business remotely, so investing your money in creating one of them is a good deal. This idea totally meets the market need because every business today needs a website or a mobile app. In fact, without creating an online presence, businesses will go bankrupt very quickly, so this startup idea is totally winning. You need to learn programming skills or hire those who know it on the professional level and keep developing your business into a successful and profitable one;

7. Virtual education

Almost everything can be done online, even dancing. For example, you can establish a virtual dance studio and provide online classes to those who want to learn it. If you play guitar, you can also record videos and monetize your skills. No matter what you do, if you do it great, you will find people who will want to learn from you. When the pandemic is over, you can make your virtual studio a real one.

Featured Image by DepositPhotos

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