Many new businesses are simply updated versions of established companies. But good startup business ideas can also come from other industries, sectors, and places. A good idea can be the result of identifying a need or gap in the market. For example, eBay’s idea was inspired by car boot sales, where people could sell unwanted items to a large audience. Of course, the ultimate test of a good business idea is its ability to make enough profit to stay in business. If a business fails, it doesn’t really qualify as a good idea.
One of the easiest and cheapest startup business ideas is a dessert shop. This idea can be a great fit for people with a sweet tooth and limited funds. All they have to do is choose a suitable location, stock up on sweet treats, and start selling to the local population. Another popular idea is pizza delivery. This business doesn’t require the use of a physical shop, but it can still earn a substantial income.
One way to come up with a unique startup idea is to speak to industry experts and ask them about the problems they face in their daily lives. By asking real questions, you can uncover what the problems are in the industry and how you can solve them. This is a great way to get a competitive advantage and attract customers. In addition, it also helps to ask for feedback from people who have had a similar problem. It will also give you ideas for new products or services.
Another idea that you can implement is to offer coaching. Many clients need help with their website and are looking for a reliable person to do the job. Offering these services online will be easy, and marketing them will be relatively cheap. Organizing these sessions can be done via Skype or Zoom. Similarly, organizing small parties and birthday surprise packages can be done using a mini event platform. These events require very little planning and usually require only a small team of people to execute.