Top 10 Most Successful Businesses To Start: Starting your own business isn’t easy, but it can be very rewarding. However, not all businesses are created equal, as some have been shown to be more successful than others.
Top 10 Most Successful Businesses To Start
This list of the top 10 most successful businesses to start will help you choose the right business idea, which will in turn maximize your chances of being one of the few that ultimately make it big.
The Internet retailer is a perennial favorite. Amazon’s low overhead structure, massive selection and business model make it a great choice for first-time entrepreneurs. What can you sell on Amazon? Everything from books to electronics to clothes.
If you have an idea for a product, get started by creating an account at Seller Central. From there, learn how to list your product with step-by-step instructions and get advice about pricing and fulfillment options. Amazon has resources for everything from using reviews and detailed seller reports.
W(which track sales data to improving your marketing efforts through sponsored advertising or emails sent to customers on your behalf . You can even find help with accounting if you’re worried about making sure you’re in compliance with tax laws as an independent business owner.
A social media app where people can take photos or videos and send them to their friends or post them to their story for 24 hours. Snapchat has become so popular because it’s mostly private, but you can make your story public. With its private nature, people aren’t as worried about embarrassing photos being posted and there is less pressure from peers posting.
This will be a big win with Generation Z. Snapchat was also one of five most downloaded apps in 2016, according to Forbes . That makes it our #1 business idea for success in 2017! If you are still not convinced, here are some more reasons why we love Snapchat:
Two Billion Daily Video Views – No other platform has close to that many video views per day. No other platform lets users watch videos without sound. No other platform gets younger audiences using video more than any other form of content online (see below). It’s an awesome marketing channel and offers marketers access to demographics they would never get through traditional marketing channels like Facebook, Twitter or Instagram. The best part?
With a successful business idea and network of existing friends, it shouldn’t be too hard to pull off. One of my most profitable businesses was buying low end domain names and reselling them at auction (e.g., $15.99). I would buy 50K domain names at a time and flip them over at various auctions, netting anywhere from $1-$5 per name.
I think it is important to really understand what you are doing in your niche before expanding into multiple areas; otherwise, you can quickly get yourself into trouble by trying to do too much with your business ideas all at once without thinking things through fully first.
A great example of how a small business owner should expand their operations is how Airbnb expanded their rental properties for those who need short-term housing for any reason. The original idea behind Airbnb was simple: people have spare rooms or houses that they don’t use regularly but could rent out when not needed.
And it worked—it turned out there were many people who needed temporary housing while they were moving or on vacation, so they rented out their extra space through Airbnb instead of booking a hotel room that would cost more money and require even more clean up after staying somewhere else than if they had just stayed at home.
This San Jose-based company was founded by a couple of university students in 1998 who needed a way to transfer money between each other. This simple idea turned into one of Silicon Valley’s first true viral hits, which you probably know because you probably use it regularly. PayPal is now owned by eBay and has gone on to be an extremely successful company that lets people send money around the world easily and quickly.
It’s processed billions of dollars in transactions and is one of very few business ideas that is still growing even after all these years. While there are many others on our list with bigger market caps, there are none as successful or with such long-term staying power.
And if you do get started with PayPal, don’t forget to pay your taxes! Just kidding—PayPal doesn’t collect sales tax for online purchases until April 2017. So buy early and often! (Just kidding again…but not really.)
These businesses can be started cheaply and are relatively simple to run, but their popularity is undeniable. Facebook takes advantage of a very current trend (sharing photos) and provides a way for these photos to earn some money. All you need is an idea, some know-how with social media marketing and an eye for unique subject matter.
Interested? Here’s how to get started: If you have expertise in one or more areas, such as makeup or food photography, reach out to bloggers who cover that topic and offer your services as a photographer. You might also consider building your own website where you can display your favorite shots; even if it’s not turning any profit at first, it will still give you experience running a business.
Many home-based businesses are jumping on board with Instagram. While some brands may find success on other social media platforms, if you want to be a home-based fashion influencer, Instagram is definitely a good place to start. And if you’re just looking for a fun way to connect with friends and family.
It can be done in one of several ways: using Boomerang or Snapchat filters to showcase your outfits; sending out playful messages that encourage others to tag their friends in your posts; creating eye-catching selfies using only your iPhone; or even taking advantage of certain filter features to show off your new haircut or highlights. All of these different options will help you interact more closely with people—something everyone enjoys!
So go ahead and try them all. It doesn’t hurt to give each a shot before moving on to something else. It’s easy enough, right? You might discover that Instagram has given you exactly what you were looking for all along: freedom from those 9-to-5 shackles and an excuse to take cute pictures every day!
Today’s businesses need to have a social media presence. If your business doesn’t already have a Twitter profile, create one for free now! Use hashtags in relevant posts to draw attention to your profile. Hashtags make it easier for people who are interested in what you’re writing about to find you and read your tweets; they also make it easier for people who are not interested in what you’re writing about to block you.
Make sure that whatever tag is attached to any particular tweet is appropriate and related to what you wrote. For example, don’t include #FunFact with every post because someone might think your tweets are spam if they’re always including random words with their post.
The ride-sharing app has disrupted an entire industry with its on-demand service and is well on its way to achieving a $120 billion valuation. Uber started in 2009 when co-founder Travis Kalanick realized that he couldn’t find a cab in San Francisco one night and decided to turn his frustration into action.
From there, it was all about execution: raising financing, hiring drivers, getting demand for their service and scaling nationwide. According to Forbes, Uber will make more than $10 billion in gross revenue from 2013 – 2016—and that’s before taking into account UberEats or any other new projects.
You’ve probably heard of Coursera, but if you haven’t, think of it as an online university that offers a wide range of degree and certificate programs to anyone who’s interested. The program is a great way to earn credits from top universities without having to pay hefty tuition fees or commute every day. Some courses are also offered in-person at specific colleges, so you can still get some face time with your classmates and professors.
You’ll have access to a variety of class sizes and types, such as group discussions or lectures. And because students are paying for their own education (instead of relying on loans), many feel like they’re getting more bang for their buck.
This is basically a chatroom for businesses. The company was built on $1.2 million in funding, and it’s now worth more than $3 billion and getting 2 million new users every week. So you don’t necessarily need to invent an entirely new product or service; it might just be easier to create something that makes business communication easier or more efficient for people who are already running their own businesses.
Digital communication has exploded over recent years, and there’s one company that stands above them all: Slack. Founded in 2014, Slack introduced a new approach to digital communication with a platform for team collaboration. What began as an unknown startup in Silicon Valley has grown into a $3.8 billion company on its way to an IPO (assuming it can fend off frenemies like Microsoft).
A core part of their success is their simple but sleek interface—users love it and are always eager to use something that looks so clean and intuitive. Many companies have adopted Slack as their primary messaging system, making it easy for teams across organizations to stay in touch without getting lost in email chains or be distracted by constant notifications. So what do you think? Have you ever tried Slack?
If you’re looking to start a business, here are our top picks. Some of these are atypical (yes, we’re looking at you cupcake makers) but they each provide viable opportunities to earn money. If you’re serious about starting a business, remember that it takes time.
Many small businesses start out as hobbies and even if your venture is successful from day one, there will be hard work ahead of you for years to come.
In addition to passion and drive, having an understanding spouse or partner can make or break your new enterprise – but only if he or she truly understands what success looks like for each of you individually! We wish you luck with your new venture!