Best Small Business Investment Opportunities in 2019
Choosing the right way to invest your funds requires a lot of research in order to find the best possible option. There are many different things that you can invest in, but the key is to find the most profitable option available. The good thing is that opening a small business does not require a lot of money and resources.
There are endless opportunities for new businesses and catching the right trend at the right time is like striking gold. Similar to horse race betting, if you bet on the winning horse on the Breeders Cup 2019 you will double your investment. There are few things that you should look in every new business opportunity such as:
- Profitability Level – This means that you should explore that business idea and find its potential;
- Popularity – If the new business model is popular, it can easily be turned in a large business corporation;
- Costs – Every business requires a different amount of startup capital;
In this article, we will go through some of the best business opportunities in 2019.
- Fulfillment by Amazon (FBA)
This is a modern way to start your new business and it allows sellers to sell product through Amazon from everywhere in the world. Basically, you will buy goods in bulk from other markets such as (Alibaba), store them in Amazon’s warehouses (for monthly fee) and use the immensely popular Amazon platform to advertise and sell your products.
At first glance, it might seem like a complicated process with a lot of import/export regulations but once you start to dig in deeper it is very simple. There are also agencies that you can hire to handle all your products in the U.S so you can just sit on your computer at home.
- Skilled Trades
It is unfortunate that these days few people decide to choose skill trades as a career option. There are a lot of skilled workers that are very old and over 40% of them will be retiring in the next decade. So, they do not have anyone to replace them so their craft might go extinct.
Some people do not decide to go for jobs like this due to their belief that they are poorly paid, which is not the situation. In fact, talented workers for welding, plumbing, electrician, steel working or masonry are well paid and they have great careers. So, this might be a good idea to learn some craft and start your business.
- Software Development and Engineering
This is also a modern business model is set to create, maintain and test software or applications on different devices. This is a very good career choice and although it might seem that you need experience and knowledge in that field, it is not the case. There are programing businesses owners who do not know how to develop software, and yet they built a successful company all by hiring the right people and coming up with the right idea.
- Self-Storage Units
Investing in storage facilities might be the next big thing. People are constantly ordering products over the internet and other businesses are running out of storage space. This business is already booming in North America but it is going to be spread all across the world.
All the people need some extra storage space that you can provide. Basically, the only investment in this business model is buying or building storage units. After that there is only income with low or no costs.
- Home Renovations
If you are a handyman and does not have a problem handling tools, this is the right business model for you. The average family spends approximately $3,000 per year on home renovations and improvements. This is a great opportunity just because it does not require big upfront capital and has big potential. All you need is to have knowledge and know your way behind the tools.
- Bike Service
Just because the air pollution is getting worse and large cities are impossible to drive through, many people choose the bike as their main transportation. The bike community is grown by 73% over the last 10 years and that trend is going to continue. Today’s bikes are expensive and once people buy them, they tend to keep them for a few years. This is why they will need repairing and maintenance. The potential for this business is huge and opening a bike service can bring you a lot of money.
These are some of the small business opportunities that are trending at the moment. You have to choose wisely and do some research in order to catch the next trend. Some of these businesses might look like they will bring only low-income, but that is not the case as they have huge potential and might turn out in something big.
