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Innovative Business Ideas

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Name: Pranav Sanjay Varute

Roll NO: 19CM107131031 (29)

Tutorial No:2

Innovative Business Ideas

1. Career Coaching
With rising unemployment and a saturated job market, there’s no shortage of people
needing help with finding jobs. If you have a talent for helping your friends and
family find suitable employment, you can probably help others too. Consider starting
a career coaching business where you help others figure out what is the best career for
them, how to nail an interview, what traits define a good candidate, and more. You
can look for clients in Facebook groups or on platforms like Coach.me. The best thing
about this business is that you can make money by conducting 4-5 hourly sessions a
month. Plus, you can coach multiple clients in a single session. If you’re looking for
good business ideas that won’t occupy too much of your time, career coaching may be
the right option for you.
2. Email Marketing
Are you good at writing emails? Have you cracked the code for crafting subject lines
that people can’t help but click? If so, you can step into entrepreneurship and make
money by launching an email marketing business. You can find companies that need
help with their email strategy on platforms like PeoplePerHour and Up work, as well
as via cold outreach. Once you demonstrate that skill of enticing recipients, clients
will rush to get your services and even agree to the price you quote them (major
brownie points if you can help grow their email list). Start-up costs include investing

in email marketing tools, which will automate many of your tasks.

3. Seriously, there’s no end to the line of people who struggle to find time to cook
nutritious and healthy meals. This has led to a rise in meals-to-go-businesses offering
all kinds of cuisine options. You can capitalize on this trend by starting your own
meals-to-go business in your city, state, or neighbourhood. Contrary to the popular
belief, you don’t actually need to invest in designing a large commercial kitchen. A
meals-to-go business can also be managed from a shared rental kitchen. These places
are usually equipped with all the essential supplies and can be rented by the month,
day or hour. You can find shared-use, licensed commissary kitchens through websites
like The Kitchen Door.

4. Website Testing
Did you know that brands with a digital footprint hire real people to give feedback on
their websites? The opinions allow them to address issues that their developers may
have failed to identify. You can hire a bunch of people on a freelance basis and create
your own website testing company. During projects, your employees will receive a set
of questions that they need to answer as they navigate a company’s website. Through
video, they’ll communicate their initial thoughts on the current user experience and
how the site could be improved. You can find work through websites like
UserTesting, Ferpection, and TryMyUI.

5. Digital Event Planning.

One of the best small business ideas is to open up a digital event planning company.
In this business, you’ll plan, organize and report on digital events like webinars and online
summits for different companies. Money can be made by charging an hourly fee for your
service, selling sponsorships, and other things. If you ever dreamed of becoming an event
planner, but never quite got time to organize anything, you can still channel your inner
facilitator by planning digital events for businesses.

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