“Top 10 Most Innovative Business Ideas “
There are innumerable business but which one to choose is quite a big question mark. Of course, you need to analyze your personal matters that can best help decide the correct business you can adopt. Since the competition is at the toughest level, to win the competition only starting business is not enough. Innovative idea serves to withstand in the competition and win the race. Don’t do different thing. Do the same thing but using different and innovative idea.
In this article, we go through the simple business. The business may be small but if carried out in the systematic and scientific way can help a lot for sustainable increase in profit to a great extent. No job is easy to be done. In order to succeed, you need hard work, effort, devotion and commitment towards your work. You can start up small scale business. Later, you can expand and diversify your business. Achievement of success may be quite difficult but not impossible. The startup is difficult but slowly you will start learning from your experience and correct it for improvement in your work. Keep continuing in the same way; learning and correcting. Then you are sure to reach your destiny. Following are the top most innovative business ideas.
Craft business
Investment: Above 10,000
ROI: 3-4 months
You don’t have enough time or money. Don’t worry. Craft business can be an innovative business idea for you. All you need to do is first learn what you want to make. Once gained skills, you can use your free time and start making any kind of home based products. You can also use your own art to make unique products. Handicrafts items are famous world-wide. They have the huge demand in the national and international market. The craft business may include following.
· Making dolls, toys, gift cards, artificial flowers, cups, basket, candles, kites etc.
· Raw-materials may be plastic or wooden or clothes or paper products
· Skills can be learned using the internet (you tube, blogs, google and so on) or through training institutes.
The products can be taken to market to sell. It will be even more profitable if you can start up your own arts and crafts shop gradually.
Buy and sell
Investment: Above 10,000
ROI: 3-4 months
As the prime idea of every business refers to buying and selling the products, you can use the same concept to purchase and market it to earn the profit. This idea focuses on following key aspects.
· Buy from the manufacturer and sell to wholesaler
· Buy from wholesaler and sell to retailer
· Buy from the retailer and sell to the final consumer.
· Products can be anything such as livestock to tools and equipment. It can also be food, clothes, ornaments or anything.
You can benefit at the highest level if you can directly purchase from the main dealer or manufacturer or supplier and sell to final customers. Elimination of middleman help to get high-profit margin. Moreover, the lower price can be offered. It helps to win the price competition and attract customers too.
Use internet
Investment: Above 10,000
ROI: 3-4 months
The internet is the most powerful tool today. In today’s modern and rushing world, it has become the element of survival for human life. It can be used for bank, business, communication, education, press, ticketing, military, science and almost in every sector. Let’s say we cannot imagine the world without internet today. The internet can be used as the innovative business in following ways.
· Uploading you-tube content
· Creating websites
· Blogging, content writing
· Working for SEO, Fiverr, Freelancer
· Trading in e-bay and online market
· Doing other on-line jobs
The internet helps to win the competition today. Just having an internet connection and computer, you can do the unlimited online job. Simply you can earn sharing your innovative skills, ideas, thought and knowledge using various internet tools just sitting in your home.
Training
Investment: Above 10,000
ROI: 3-4 months
Do you possess any expertise or specialized skill? Simply imparting your skills, you can earn a lot with little or no investment. The training may be about anything as follows.
· Basic computer knowledge like Word, Excel, PowerPoint etc.
· Developing web-sites, crating AdSense accounts etc.
· Training any software skills Tally, graphics designing etc.
· Imparting repairing and maintenance of mobile, computers, vehicles, or anything you know.
· Conducting presentation on various topics
· Training to drivers, teachers, beauticians, tailor and so on.
Second-hand product
Investment: Above 10,000
ROI: 3-4 months
“Do you want to replace your I-phone5?” Or, “are you intending to buy an I-phone5?” You may fall in first or second category. The need and demand of customers vary according to their earnings. The used products can be sold to the customers who are in need of it. The key ideas for this business is to buy the used products and sell which are highlighted as follows.
Collect or buy used products, tools or equipment.
The things can be mobile, vehicles, TV, laptops, computer, furniture.
Use online market to place product for sale.
Create contact with buyers or sellers via any medium.
You can also resell your own used products too.
Be aware! Don’t forget to check the usability of the product. Do not accept damaged products.
Gardening
Investment: Above 30,000
ROI: 2-3 years
Are you interested in farming or gardening? If you have got the area to work in like fields, or terrace or garden, you can use your skills to earn though your passion. There is good demand for different kinds of flower and plants. Vegetables and fruits are used daily. Hence has wide market prospective. This can be quite time-consuming work since plantation and its growth and outcome needs certain duration, may be months or weeks. Some ideas about this business are mentioned below.
· Get learning and training for plantation
· Plants different kind of flowers, vegetables or fruits
· Sell them in market for money
· You many use the internet for marketing
Create online job:
Investment: Above 10,000
ROI: 3-4 months
After working as job holders in different online jobs, you can create an employment opportunities in online jobs through your experience you have gained. All you need is internet connection and laptops to get started. As we can go for applying for different online jobs. In the same way, we can also create online job opportunities. Follow the rules below to create an online job.
· Create websites
· Advertise the vacancy using the internet (i.e. Facebook, blogs, twitter)
· Select interested candidate
· Collect articles
· Post in your websites or forward to your clients
Recycle
Investment: Above 10,000
ROI: 3-4 months
What waste products do you have in your home? What do you do with it? Even waste product can be the means of your earning if you see it from the perspective of recycling and reusing. Many waste products can be recycled for the purpose of reuse. On one hand, it helps maintaining the environment. On the other hand, the waste and unused products can help you earn income. Basic ideas may be as follows.
Hiring staff for collection of waste and unused products in every house.
Waste products may be glass, bottles, used copies and paper.
Such products can be taken for recycled to produce new products.
Sell your services
Investment: Above 10,000
ROI: 3-4 months
Are you good or expert in any subject or fields? If yes, don’t do it free of cost. You can sell your ideas, knowledge and skills to generate income. It’s simple as share your knowledge for charge or fees. Selling services may include following.
Investors can help clients in portfolio management, investment selection or security decision.
Home based tuition can be started.
Language classes can be conducted.
You may serve to play music, singing dancing or anything that you po
Recruitment agencies
Investment: Above 10,000
ROI: 2-4 months
Unemployment is a burning issue worldwide. Many people are frustrated seeking jobs. Yet cannot find suitable jobs. This problem can be converted into idea of starting a recruitment service. For this follow the following guidelines.
Collect CV and detailed information of people seeking job.
Send them to different job places.
Get fees or commission for the job placement.
Contact with different sectors and in different places.
Sectors may be bank, trading company, airlines, or others
Its great way to earn. After finding jobs you can get certain percentage of salary as your commission every month. It is quick, simple and easy with no investment at all.
You may be wandering to start of new business. The innovative ideas may be in and around you. All you need to do is think a while and look around. There are lots of small and minor business that may be there, but you may not have realized yet. Think with a cool mind. Just recall your day to day activities. Once check out the day to day problems. Yes, now you can find the many small sectors that have potentiality to be converted into an innovative business idea. Although there are many, due to your busy schedule you are unaware of them. You may be searching for one, but there are innumerable business ideas around your home, surrounding society or country. Find it out and do it in an innovative way.
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