CEOWORLD magazine - Latest - Future of Work - Top 10 Ideas To Start A Profitable Small-Scale Business In 2023

Business TransformationFuture of Work

Top 10 Ideas To Start A Profitable Small-Scale Business In 2023

Either investing a small sum of money or a larger one, there are some ideas for starting your own business in 2023. In some cases, you can work from home through an online platform; in other cases, you can achieve passive income; or if you want, you can form a new small business on new premises.

  1. YouTube Video Creator
    More and more people nowadays create their channels on YouTube. They upload content and try to reach a large audience. These people earn a percentage of the advertisement earnings their videos bring. It is a small-scale business that can ensure the YouTubers an income. Of course, if someone thinks about starting such a business, they must buy the appropriate video production and editing equipment.

  2. Affiliate marketing
    This means you will earn a sum of money every time you make a sale for a brand, for example, through your blog or social media account. For sure, you have to build a large audience to start gaining profit.

  3. Become an influencer
    If you are popular with your audience on social media, you can partner with some brands and upload content about their products and services. This business is very common nowadays, and many people earn extra money this way.

  4. Rent an apartment
    If you have a small apartment you don’t use, there is no reason to keep it spare and not take advantage of it. There are solutions for short-term rental contracts that can help you have a small income during the year.

  5. Food business
    This business may be more costly since you have to buy kitchen equipment and find a place to be housed, but it can bring you back a lot of money. So, if you are good at cooking a recipe or something unique, why not open your own food business? Small stores with special products make the difference.

  6. Travel Services
    After the COVID-19 pandemic, travel has rebounded since people want to visit places they haven’t visited for a long time. So, it is a good idea for people interested in starting a business associated with traveling. For example, an online platform for ticket reservations for transportation or hotels could prove promising and profitable.

  7. Lessons online
    If you are a teacher and teach people face-to-face foreign languages or anything else, you could create an online platform for your lessons. This way, you can teach more people simultaneously without needing to move from your place.

  8. Dropshipping
    This is a good idea to start your own retail business. You don’t need to have products in stock. Firstly, you get the orders from the customers, and then you manage the delivery from the manufacturer directly to the customer.

  9. Network Marketing Company
    If you are good at direct sales, you can join a network marketing company, and as an independent partner, you can meet new customers, trying to sign deals for the company’s products you work for.

  10. Independent writer or photographer
    Another way to earn money is to sell your written texts (that could be of any topic) or your photographs to companies interested in buying and using them for their purposes.

Have you read?
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Trust: The Magic That Transforms Vision into Reality by Shantha Mohan Ph.D.
The Human Factor: The Top 3 Concerns Keeping CEOs Up at Night by Stephanie Neal.
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CEOWORLD magazine - Latest - Future of Work - Top 10 Ideas To Start A Profitable Small-Scale Business In 2023
Maria Gourtsilidou
Maria Gourtsilidou is Senior Editor of Research and Data Analytics at the CEOWORLD magazine. She is responsible for driving thought leadership, using data analytics to showcase the company’s products and services, and fostering knowledge sharing between CEOWORLD magazine and client organizations. She studied Public Administration (Economics Of The Public Sector) in Greece and holds a Bachelor’s in Public Administration from the Panteion University of Political & Social Studies. Follow Maria Gourtsilidou on Twitter. Write at