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10 Winning Business Startup Ideas for 2020

December 28, 2019

Each year over 627,000 new businesses open their doors either physically or virtually.

With so many businesses, you may be wondering how you can compete in the new year. You might be wondering what startup ideas are going to be successful in the new year and how to implement them.

Continue reading to learn about startup ideas that will help you start moving toward success in 2020.

1. Pay Per Click Management Copy

If you’re good at running pay per click ads, you’re in a very good position. Whether you’re doing white label PPC and help other companies that deal directly with the client or whether you’re working with the client directly, PPC management can be very lucrative.

Businesses always want to get their information in front of their potential clients and that isn’t going away in 2020.

2. Chatbot Creation Services

Companies need chatbots to help with their customer queries on their website. Consumers don’t want to type their questions in for support and they don’t want to look through the website FAQ.

If you know how to create chatbots, you can help companies with their sales, data gathering and more.

Learning how to create chatbots isn’t complicated for those that are technically inclined and every business with a website and app is going to need one, so the opportunity is large.

3. Business Brokerage

Gone are the days when people started a business and stuck with it until the day they died.

Now people are interested in starting and selling businesses. People that are buying and selling businesses need a business broker to take care of the details and make sure everything is in order.

To be a good business broker, you need to know business law. You should also gain specialized knowledge in the industry where you’re focused.

4. Language Translation Services

Even though we have Google translate and other technology that can help us understand other languages, there are some things that can’t be left up to technology.

Companies and people will need translation services for years to come. You can find projects online or you can reach out to people with big audiences that put out content online. Chances are some of them would be glad to have your company translate their content to other languages, so they can grow their readership.

5. Online Store

While the competition is higher today and will continue to increase in 2020, that doesn’t mean you shouldn’t open an online store. People love shopping online and there’s no reason that Amazon has to take all of the online business.

Create your online store, build a strong brand and following and you can still make a good income from selling products online.

6. Reusable Bag Designer

People are starting to take the environment and sustainability seriously. Reusable bags are becoming more of the norm than paper bags or plastic bags.

Building a socially conscious brand can be a very successful strategy and it can make you feel good about yourself. Even though people want to minimize their footprint on the environment, that doesn’t mean they want to use ugly bags.

Create cool designs and put them on your reusable bags and you’ll find there are a lot of people that are interested in your product.

7. Bookkeeping Services

Do you love to work with numbers because you’re a math wizard? To become a bookkeeper, you don’t have to be a certified public accountant which makes it a lot easier for you to get started.

As a bookkeeper, you can help businesses with their balance sheets, provide income statements and create important financial reports.

8. Virtual Assistant Business

Being a virtual assistant doesn’t sound like a prestigious position, but you can make a pretty penny when you’re running a virtual assistant business.

Another perk is that you’re able to run your business from anywhere that you want to be. Running a virtual assistant business means you can outsource the work to people anywhere in the world which can help you reduce costs and grow your profit margin.

9. Online Marketing Company

Online marketing isn’t going away any time soon. If you want to get the word out about your business, don’t you think there are other people that feel the same way?

Learn about search engine optimization (SEO), social media marketing, pay per click advertising and other methods of online marketing and use those marketing strategies to market your business. Your ability to market your own business is often enough evidence for businesses to hire you on to do their online marketing.

10. Affiliate Marketing

Affiliate marketing allows you to very quickly start your business and sell products and services you don’t have to create. If you don’t have a product idea or you don’t want to come up with one, you don’t have to with affiliate marketing.

If you don’t want to deal with customer service, product creation and other parts of a business, but you want to sell, sell, sell then starting an affiliate marketing business can be a great idea for you.