Top 10 business ideas in 2020

Top 10 business ideas in 2020

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Owning a business is a big dream for many of us. but we give up that dream at some point in our life due to many reasons including the initial funds, time, etc. only very few become entrepreneurs. the main reason for giving up a business dream is the lack of confidence and wrong decisions. you must know which business will suit u the best. and how to execute it. of you plan well and work hard to execute that plan. your business will become successful for sure. In this post, we will discuss Top 10 business ideas in 2020. go through the post and find some exciting business ideas of 2020.

Top 10 business ideas

  • Affiliate Marketing
  • Blogging
  • Content Marketing
  • Coaching Classes
  • Event Management
  • Franchise Business
  • Professional Photography
  • Recruitment Services
  • Translation Services
  • Wedding Planner

1.Affiliate Marketing

Aff marketing is a type of promotional marketing.it is the process of earning a commission by promoting and selling other company’s products. in simple words, you are promoting a companies product. if people are buying that companies products through your affiliated like ie, your referral, you will get paid. Affiliate Marketing is one of the best growing business in 2020. also, it is very easy to do the work since it is purely an online business. importantly, it is a promotional business, you just promote the products. no need for physical work here. so Affiliate marketing attracting people very much these days.

You can do the promotion through any medium like social media, email, paid advertisement, etc. when the customer purchase the product through your affiliate link, you will receive a commission. you can make huge money through affiliate marketing if you are focusing on this more and take it as a full-time job/business.

2.Blogging and Vlogging

Blogging is another exciting business idea. it is not a core business. but if you have any skills, ideas, experiences, share it with the people through any platforms. if there is an audience for your content you can link your blog with google add. so according to the crowd visiting your blog/vlog, they will show advertisements. for showing the advertisement you will get revenue. if people are clicking and doing any other activities in that advertisement you will get paid extra.

in short, you will get paid for showing advertisements in your personal blogs and vlogs, if there is enough crowd for your content. the company aims to show their advertisements to the crowd visiting your blogs. and they will pay you for that. YouTube, Facebook, websites, blogger, etc. are some of the good platforms for blogging/vlogging

3.Content Marketing

Content marketing is one of the Top 10 business ideas in 2020. it gives us a very good business opportunity these days. you can create a content on a particular topic and sell it to the needy one. there are many companies acquire contents from freelance creators. you can create contents in the form of articles, videos, or podcasts. if there is enough audience for your contents you will be paid.

4.Coaching Classes

Coaching is another business opportunity. in 2020, the corona lockdown is making a big boom in online coaching in all sectors. from IIT level classes to bakery making classes are available online. so if you have any skills, like dancing, drawing, etc you can teach others by fixing fees. dancing and fitness-related coaching are the most active coaching sector in India apart from academic coaching. surveys say there is high growth in the stock market, finance, computer-related coaching also. the list of coaching classes is not as short as we mentioned above. there is a wide range of online coaching is there. as we discussed if you are having skills that are good for others, you can market it through social media. and coach them through platforms like zoom,jiomeet, google meet, etc.

5.Event Management

Event management is another big business opportunity. in these modern busy lifestyle, people are not getting enough time to organize their personal functions like marriage, birthday parties, etc. also the lifestyle of the people are also changing, they are celebrating their precious moments even between their busy life. so most of the people are searching for a team who can arrange and conduct the events smoothly.

here comes the importance of event management. you can start an event management company with low investment and promote your company online. if people are showing interest in your service they will call for you to arrange their events. the main attraction of this business is there is no need for any special educational qualification or special skills needed. managing an event is pretty simple. you just need to arrange the event as per the client’s need. and this business can be started with low capital. if your business is getting positive reviews, it can grow to a super business so fast and you can generate a good income from it.

6.Franchise Business

Franchise business is one of the Top 10 business ideas in 2020 and it is the safest business ideas in India. the only drawback of this business is that it needs a high initial investment comparing with other business ideas discussed here. in a franchise business, you don’t have to worry about branding. you are taking a franchise of a popular/established brand. so that business will come in the name of existing brand value. for example. you can take a franchise of Mc Donalds, Dominos, etc. here the company is already well established and they are having good brand value. this brand value will help you to make good money through the business by taking such companies franchise.

7.Professional Photography

Photography is another growing business in India. if you have good photography skills you can make it as a career easily these days. earlier photography is not that popular among peoples. the only studio was the center of the photography. now things have changed. photography become so popular and many people are learning professional photography online. and they become professional photographers. you can do promotion on social media and expand your audience. and people will come to you if you are doing good photography.

Nowadays the event photography is changing revolutionarily. the development in photography is also changing the event photography style also. it has become a big scale business. so if you are promoting your photography business well you can generate a good income from it.

8.Recruitment Services

India is one of the biggest manpower providers in the world. and companies are hiring more people than ever. but the main problem facing by the companies is the genuine sources of the manpower, even there is direct hiring is there. the resources are comparatively very low. here comes the business idea of recruitment services. in this business,

if you are having enough contacts from the companies and know the openings there. you can source them the candidate. you can also use the platforms like Naukri, LinkedIn, etc. importantly, you can make your business internationally if you have enough contacts. many job seekers depend on recruitment services to get a job abroad. in short, this business is all about making the contact between the job seeker and the company. no need for high initial investment. if you are getting good reviews from the companies and job seekers, you can grow your business easily and make good money from it.

9.Translation Services

Translation service is one of the finest online business ideas for those who know various languages. if you know various languages, then this is a good business opportunity for you. there are many needy people who are there for these services. for example, translation of regional language movies, subtitle creation. etc. and in the case of international business, it is essential to have a translator in the group. so the translation is always a good opportunity for those who know various languages. the amount paying to the translator is pretty good.

10.Wedding Planner

Wedding planning is one of the best businesses in India this decade. we all know how the Indian people are celebrating a wedding season. in this modern busy lifestyle, people are not getting enough time to arrange all things by themselves. here comes the importance of wedding planners. a wedding planning team will take over A to Z things involved in a marriage. from marriage invitation to the waste disposal. so all the family members can participate in the marriage full time without any tension.

If you are having a good team for the event planning you can start a wedding planner business. promoting your business through social media will make you popular. and if people like your work you will get more business. and generally, wedding planning is a high paying job. so if you are having a good team, wedding planning is a good business idea for you.

Final Thoughts

A business is always a better option than a 9 to 5 job. but many of us are failing in owning a business due to many reasons. owning a business is always exciting. if we are executing our business plan well we can be successful in our business. leaning and patience are very important in building a business. a business is starting from the learning phase. in this post, we will learn Top 10 business ideas in 2020.


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