Business is one way to earn income. Everyone definitely wants to have their own business that can make them successful and make big profits. However, not everyone knows that there are business opportunities that are not widely known, but have the potential to become successful and profitable businesses. In this article, we will discuss several business opportunities that are not widely known and can be promising business opportunities.
Little Known Business Opportunities
1. Property Management Business
The property management business is a business that is quite promising, but not widely known. In this business, you can buy properties and manage them well. You can repair the property and resell it at a higher price. Apart from that, you can also rent out your property and earn profits from the rental. According to data from the American Property Management Association, property management businesses can generate net profits of around 10-30% per year.
2. Application Creation Business
The application creation business is a very promising business. Nowadays, many people use smartphones and tablets to access the internet. Therefore, there is a high demand for applications that can be used on smartphones and tablets. You can start an application creation business by creating applications that are useful and interesting for users. According to data from Statista, in 2021, there are more than 3.5 million applications available on the Google Play Store and more than 2.2 million applications available on the App Store.
3. Dropshipping Business
A dropshipping business is a business that allows you to sell products without having to keep product stock. In this business, you work with suppliers who will ship products directly to your customers. This way, you can save shipping costs and product storage costs. According to data from Statista, in 2021, the total value of global e-commerce transactions carried out through the dropshipping business model is estimated to reach 555 billion US dollars.
4. Health and Beauty Product Sales Business
The business of selling health and beauty products is a very promising business. Nowadays, many people care about their health and beauty. You can start this business by selling products that are beneficial for health and beauty. According to data from Statista, the global beauty and health product market in 2020 reached a value of around 511 billion US dollars.
5. Translation Business
The translation business is a business that is not widely known, but has great potential. Currently, many businesses are expanding overseas and need translators to translate their documents or websites. You can start a translation business by becoming a freelance translator or opening a translation service. According to data from Market Research Future, the global translation market is expected to grow by around 14.5% from 2018 to 2023.
6. Digital Marketing Services Business
The digital marketing services business is a very promising business. In this business, you can help other businesses to increase their visibility on the internet. You can help other businesses develop digital marketing strategies, create engaging content, and improve their SEO rankings in search engines. According to data from Statista, in 2021, total digital advertising spending worldwide is estimated to reach 389 billion US dollars.
7. Online Education Business
Online education business is a very promising business. Today, many people are looking for online courses to improve their skills or obtain certification in a particular field. You can start an online education business by creating quality and useful online courses for users. According to data from Research and Markets, the global e-learning market in 2020 reached a value of around 144 billion US dollars.
In this article, we have discussed several business opportunities that are little known but have the potential to become successful and profitable businesses. Property management business, application creation business, dropshipping business, health and beauty product sales business, translation business, digital marketing services business, and online education business are some examples of business opportunities that you can consider. However, before starting a business, make sure you do enough research and preparation to ensure the success of your business. Hopefully this article is useful for those of you who are looking for promising business opportunities.