5 Business Ideas That Will Be Big in 2023
It was once said, you cannot become financially free working for someone else as you'll be building someone else's dream while leaving yours to catch dust on the side.
The first business I would recommend you start looking into in 2023 is consultation around something you are skilled in. This could be media consultant, accountant, mentoring consultant, or construction consultancy. Anything as long as there's a market for it. A lot of the new generation don't believe in the traditional way of going to school and getting a job. And they're always looking to learn new ways to make money. And this is where you can bag some money as all you have to do is simply look for these people and help them.
AD Agencies
Ads, ads, ads. We all hate them, but businesses need them in order to reach to more customers. Trust me, this business pays a lot and it is definitely less work. When a small business starts off they will have less awareness compared to big brands like Nike, Adidas and others. So what they do is pay for ads to be shown on platforms like TikTok, Instagram, YouTube, and Facebook. Now here's the thing, this process is definitely not simple for small business owners who know how to sell but have no idea how to handle this complex technology called new stuff. And this is where you come in. All you have to do is simply run ads for them. The best thing about this business is that Google literally offers a course on how to run their ads. Facebook also offers a free course on how to run their ads. And just like that, TikTok also offers a course on how to run their ads.
Now, the best tip I can give you is that just pick one platform. Now to find your potential customers, all you have to do is first choose which category of businesses you would want to go for. If that's restaurants, then go for restaurants. If that's fitness industries, then go for fitness industries. It just depends on what you want to choose.
Let's say you want to run ads for local restaurants. So all you have to do in Google and just write in local restaurants near me, and once you've clicked and then go on Maps and you'll get list of all your restaurants near you. Then you can go through all the restaurants and try and look for restaurants with lower than 50 or even 10 ratings or basically a restaurant with bad reviews. Because they're the restaurants which are trying to attract customers, but they're not really doing a great job. So all you have to do is simply then, get their number for example, a restaurant, obviously it's Pizza Express, just giving for example. Go there, and simply get their number from here, and give them a ring and just offer your service. And yes, it's not easy to get a customer directly but if you do 10 calls and get 1 client and they pay you 1,000 pounds a month which is roughly a minimum of what you can make a month doing ads, that's done. That's probably most people's monthly wage.
And the second way is to simply email them. Now, yes, I would prefer you call them. But if you are a person who prefers emailing, just find their email through their website or again, Google, and simply give them a shout on offering your services and how you can help them get their business to more customers.
UGCs or User Generated Content
We all have a phone and a laptop so why not just start a UGC business. This is where you create content for businesses. You don't need a massive following or anything like that. All you need to know is how to create content for products. Thus it's called User Generated Content. As you are the user. The reason why most businesses are looking for UCG, because most customers prefer real, authentic advertising rather than high quality production which is what used to work back then. Customers want to see if the product's authentic. And if the business provides this, then the sales generally are higher as it's more trustworthy.
Just look at SHEIN. They have done an amazing job at this. Yes, they don't pay users for uploading pictures of them in new clothing, but thanks to those images, SHEIN's got more trust from women and that's why they get more sales. Another reason why businesses want UCGs, is because it helps them create brand awareness. It is proven that branded content doesn't get as much views on social media, rather than UCG where the views are generally 10 times higher.
We all know customers get influenced by Instagram pictures. I mean, we all have been there. So for brands, it's a no brainer to use UGCs. It's a new marketing strategy used by old business. And that's why it's really started to pop off. And you need to start a UGC business in 2023.
Now the question is, how do I start this business?
Well, all you have to do is simply to start creating content for the brands you use on a daily basis. Then you are going to send that piece of content to those brands. And if those brands like that piece of content they will want to use it. And this is where you can charge a fee for that content. You can literally get paid a very good amount for just one 30 second video.
Another tip is to provide package deals so you can get more of the business. You'll be providing a huge amount of value to the business. So make sure you also get valued. One piece of content can generate them thousands of pounds so make sure you don't get underpaid.
Yep. This is also one of the best opportunities in 2023, is simply selling your own products on TikTok or reselling products on TikTok. It's basically like selling on other platforms, but on TikTok, you get a ton of free marketing through the organic growth. You've already seen people selling on TikTok.
Now, you must be wondering why TikTok Shop?
Well, it's because it has over 1 billion active users scrolling on their phone 24/7. And TikTok also is one of the most advanced AI in the social media world. Because when you make videos about your product it will simply target people who are interested in products like that.
For example, let's say you are selling a small little cute toy for couples. You simply have to make videos around gift for couples. Now, TikTok will only show that video to a girlfriend or a boyfriend who are interested in this type of couple videos. And this means they're more likely to buy that product and you're creating a demand for that product rather than first having demand for that product. It's also a really good opportunity to start selling your very own authentic products because you don't have to pay a lot in ads. And the best about TikTok Shop is that you can sell your products via TikTok LIVEs, TikTok Videos, and anything which basically allows you to make content and doing LIVEs will allow you to actually communicate with your customers, which means you can build that loyal relationships so they can recommend your products to their friends and anyone, and in return, you will grow your business even more.
Now, the biggest advantage of getting on TikTok Shop is how new it is. It's basically getting on a platform like Amazon, or eBay, or Shopify when it was literally launched. And right now we have endless opportunities. Because it's just starting off, they're going to implement a lot of new things which can help you. And maybe in the future they might even start delivering products and basically doing what Amazon FBA does for you.
For lazy people who cannot be asked to speak with customers or deal with customers, Amazon FBA is perfect for you. You can simply stay comfortably at home while Amazon does your shipping, packing, customer service, everything for you. All you simply have to do is find a profitable product and send off to Amazon and they will take care of everything else after that. We all know, since online shopping has become the new norm, especially through Amazon.
So if there're already so many people buying on Amazon why not start selling on Amazon? And you can sell all sort of products. If you do Amazon FBA wholesale, you can literally resell anything you want. Anything you can buy from a local shop to anything you can buy from a local wholesaler. Now, private label is different because that's when you create your own product and send it to Amazon. But if you're a person like me, who wants to spend no money on ads or anything like that on Amazon, you can simply buy from a wholesaler and send it off to Amazon and you can make money. And Amazon FBA is not dying anytime soon because of their Prime service which is the next day delivery service.
Now, here's a quick tip is that don't start all these businesses which mentioned all at once. Take it easy, choose one and start that because you can't be a Jack-of-all-trades, it’s just a thing. Another way to say is that you can't chase two rabbits at one you have to only go for one because if you go for both, you are not chasing either.
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