New Trending Business Ideas For Beginners

In this article, we discuss all New Trending Business Ideas For Beginners.

According to a study by market research firm Zinnov, India, home to about 4,88 crore small and medium-sized enterprises (SMBs), provides employment to 81,16 million people and is set to become the largest SME nation in the world.

Micro-enterprises account for 95 percent of total SMBs, small medium-sized enterprises hold the remaining 5 percent share and 55 percent of SMBs are located outside urban cities, while 45 percent are located in rural areas.

Technavio has released a new market research report on the global SMB and SME NAS market, which is expected to generate $ 18 billion in revenue between 2016 and 2020. The report also read that the global market for SMB and SME NAS is set to grow at a CAGR of 33 percent by 2020.

Here is a list of ten small business ideas that will require only one-time investment and you can enjoy the fruit all throughout your life.

1. Gym or fitness center:

Gym and fitness center is one of the most promising industries with great potential to grow. The fitness industry is expected to grow from INR 85.4 billion to INR 142.47 billion by 2020 at CAGR 18.60 %.

2. Event management: 

This is one of the fields that is spreading like a forest fire as more and more people are ready to throw any amount to make their parties, anniversaries and occasions to be remembered for ages.

3. Customized Gifts ' shop: 

This business of handmade gifts, customized accessories or toys, cushions, cups, key chains, flowering pots or vase, and home decorations is unique and trendy. One has to follow trends and pick the pulse of the market.

4. Tuition classes: 

Tuition classes are the easiest way to earn money without spending much. If you are the only one running tuition classes in the locality, there are chances that your students will encourage others to come to you.

5. Real estate business/broker: 

All you need is contacts and good communications skills to convince both sides of the deal and rest will take care of everything on its own. Being the mediator can perform wonders.

6. Book store\ library:

 For any business, there are more book lovers and students than any customer. A bookstore and library will never run out of business if the location is taken seriously.

7. Advertising agency:

 This business needs highly skilled and creative people like its wheels to run it smoothly. Once it picks up speed, there's no looking back.

8. Online blogging or freelancing: 

Freelancers and online bloggers are in great need in almost all industries or well-known brands. Weave your words and spread throughout the world.

9. Leasing outhouse or equipment or vehicles:

 In big cities, people flow in and out almost every day, so it becomes helpful for them to rent things like apartments, furniture, equipment, vehicles instead of buying and carrying them all around. This business will make you earn profit multiple times over your expenditure.

10. Adventure tourism: 

This business is not seasonal, people go on holidays almost every month and tourists from other cities and countries flood day in day out. This is one of the promising small businesses available.

Opportunists never wait too long for opportunities to knock at their doors, they jump the line and carve their own ways.