Business Ideas for 2020
This guide will cover the best new small business ideas – many with low start-up costs and the ability to work from home.
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Here is a list of the 25 best small business ideas to start in 2020
Dropshipping Business Idea
If you can get items that are sought after at lower costs, you can begin a rewarding dropshipping business by selling those items on platforms such as eBay or AliExpress. Dropshipping is an idea wherein merchants get items in large quantities from providers and sell them to the end-client (customers).
To make dropshippping work, you have to do a wide range of statistical surveying to recognize products that are in demand and can be obtained effectively at a discounted rate. A good place to start is Amazon. On the Amazon e-commerce website, you can find high-selling products that are currently in trend. You can then use the information to measure the current pattern in the market.
To grasp the concept and become familiar with dropshipping, it is best to take an online course or read the “Guide to Dropshipping”. You can begin your dropshipping business with a FREE 14-day trial with Shopify.
Guide to Dropshipping
Online Courses & Coaching.
Online platforms have made it easier than ever to share knowledge or expertise information virtually. You can convert your expert knowledge into substantial income by offering online classes. You can use a specific platform to offer online coaching classes or build a community to help others while you build your coaching business.
Thinkific and Teachable are good starting points to get started. You can register on these platforms and start coaching right away. You can use the link below to get started today with a One-Month Free Trial of the Thinkific Pro Plan.
You also have the option to have your coaching business website design by an expert at Einno Media. Use the link to the right to get a discount off your website design package.
 Find your Income Solution & Business Plan
The source of income you will generate is depended on the type of business you will operate. It could be defined on the kind of website you need (online retail store) or the kind of partnerships you will need (referral website). If you need investors to make a profit, a business plan will be one of the most important tools you have for convincing investor to buy into your business. When write your business plan, ensure the it is grammatically correct and structured accordingly. You can use software like LivePlan for your business plan structure and Grammarly for your sentence structure. A business plan is also one of the best ways to organize your online business ideas and thoughts. As your online business grows, your business plan will be your guide as you navigate how to approach decisions for the direction of your business.
No matter what type of business you choose to run, your customers need a way to pay you for their purchases. You can accept online payments by integrating your business bank account with a variety of all-in-one payment solutions like the list below. Although, you do have to link your bank account to them. There are no setup fees, but transaction fees do apply.
 Select your Web Hosting Package
After you have completed steps 1-4, now you need to figure out what website hosting you want to use to store your website. A website host refers to the server space where your website will live. In other words, a web host rents internet space to website owners to houses their website pages and images on the host server. Most places that register domain names also offer web hosting services, but you do not have to purchase both at the same place. For example, you can purchase your domain name at GoDaddy and host your site at Siteground. The two elements work together but treated differently.
There are five types of hosting. The type of hosting you choose depends on the amount of server space you need for your website. When choosing a host, it is recommended to also consider how fast you want your website to load and how private you want your online space to be. The five types of hosting include share, cloud, dedicated servers, virtual private servers (VPS) and hosting for WordPress.
 Design your Website with precision
The main channel to your online business in most cases is your website. Your website should not just draw attention, it should be created to attract and engage the user. You must take the time to get it right. Also ensure that the website design matches your overall visual branding and the content effectively communicates your brand positioning.
There are a few options when it comes to designing a website for your business. You can hire a marketing professional at Einno Media to build a custom site, or you can design and build one yourself, using website builder tools like WordPress, Wix or Shopify. If you decide to build your site, Einno Media offers free building tools, along with consulting services.
 Sourcing for Images
As they say “A picture is worth a thousand words”. So, when you are writing content for your website include images to help liven up your copy and capture your audience’s attention.
When sourcing for images for your website, you must use images that you have legal rights too. You should not use any picture you come across the web at random. Using an image without written permission from the copyright owner can result in legal action, so knowing where to find images that you actually can legally use is crucial. Below is a listing of places you can acquire images for a fee or free. Please use the list at your discretion.
 Execute your Marketing Plan for your business.
Just before you launch your website to the world, you should establish your marketing plan. A plan that outlines how you will reach your customers online. As you prepare to launch your site, thinking about how your customers will find you on search engines like Google, Bing, yahoo etc.
Every business has its own precision on how to approach the market. There is no one-size-fits-all in the digital world. To strive, you will want to make use of a mix of content marketing, social media promotion, and paid search promotion. If you don’t know much about online marketing to start, you can hire a marketing professional at Einno Media.
 Launch your Website!
Launch day is a big day for your business. Its the day you show the world your website creation. Show off your site by putting out a press release, set up PR interviews, announce the launch of your business website on social media, and start your marketing campaigns.
Launching your site to a search engine like Google is not an indication that the site is optimized for search engine inclusion. Search engine optimization (SEO) is described as the process of refining a website to obtain a higher ranking in search engine results. By optimizing your site, you can tailor your site to be search engine-friendly. SEO is an on going process, the more time you put into it, the greater of a return you will see in your rankings. Running an online business isn’t easy, but if you take the right steps and do the work, the rewards can be great.