According to a study by LinkedIn and the National Endowment for Business, nearly two-thirds of business owners said their success has been tied to strong connections. In other words, the most successful businesses are the result of people helping others succeed. It’s no secret that building a thriving business takes more than just hard work and a few smart ideas. You need support from friends, family, and partners—people who believe in you as much as you believe in them. You also need new ideas to shake things up and come up with something new that your competitors don’t have yet. Fortunately, there are plenty of ways to get new ideas flowing without spending much money or time on research. Here are 9 Brilliant Business Ideas for Friends that you can start working on tonight:
1. Create A Co-working Space For Entrepreneurs
Co-working spaces are popping up everywhere as a new way to support entrepreneurs. These spaces are usually membership-based and include amenities like conference rooms and professional services like accounting and marketing. You can also get access to a network of other entrepreneurs and invest in mentorship with other members. You can also charge other members a fee for access to the space or rent out the space for coworking services. Co-working spaces can be profitable if you have a product or service people would pay to use. If you want to build a business around co-working, you can offer co-working memberships at a discounted rate or charge per hour for using the space. Co-working also makes it easy to meet potential customers and collaborators.
2. Photography Studio/Photo Editing Business
If you can bring a little creativity to the photo-editing process, you can turn yourself into a photographer who also edits photos. You can also specialize in weddings and events, which is always a booming industry. Photography is an excellent business idea because it can be done with little overhead. Good equipment, software and expertise will get you quality customers.
3. Podcasting
Podcasting might sound like a complicated concept, but it’s actually very simple. You create a podcast that talks about a particular topic, review it regularly, and then promote it on social media and other platforms. You can build your own podcast or find someone who has created a popular podcast about the same topic as you are. You can also find podcasts on topics that are unrelated to your topic and use them as inspiration for your own ideas. Once you’ve created a few podcasts, you can promote them on social media and earn passive income. Depending on the type of podcast you create, you can also make money through paid sponsorships and advertisements. If you want to start small, you can also create a free podcast and monetize it through advertising and affiliate links.
4. Curate An Online Marketplace
An online marketplace is a great way to create a community of people who buy and sell similar products. An online marketplace can be profitable in several ways. You can earn a commission on each sale, or you can charge for access to the marketplace. An online marketplace is especially profitable if you have a lot of traffic, as it is a high-value product for your customers that gives them many choices. The best part is that an online marketplace is easy to start and can be run from anywhere. You don’t have to have a warehouse full of inventory, and you don’t even have to be in business for long before it starts bringing in money.
5. Become An Art Critic Or Seller
If you have experience in art, writing, or other creative fields, you can offer your services as a critic or seller of original art. Art criticism can be done on blogs and websites, but you can also write books about art and offer them as downloads or print versions. Original art also makes a great business idea because it’s tangible, it has a resale value, and it can be easily transported. It also doesn’t require a lot of start-up capital and can be profitable with very low inventory.
6. Crowdfunding
Crowdfunding can be used for a variety of businesses. You can use crowdfunding to fund your original work, like a book or art project. You can also use crowdfunding to fund an existing idea, like an invention or product that didn’t exist before. Once you’ve generated some interest in your product through social media, you can use crowdfunding to drum up more interest and earn money from donations. Crowdfunding is especially useful if you have a unique idea or product that isn’t easily marketable. You can start a crowdfunding campaign once you’ve identified the amount of money you need to complete your project.
7. Dropshipping
Dropshipping is a great way to start a business online and sell products that are difficult to resell. Dropshipping is an especially profitable business idea because it allows you to sell a variety of products, you have the option of running your own business from the comfort of your home, and the products you sell can be sold anywhere. This means you don’t actually have to inventory your products, you just have to ship them to customers. There are a few things you’ll need to get started with dropshipping, including a website and inventory.
8. Producing E-Books & E-Learning
There are few better ways to build your business than by writing e-books, creating digital products, and teaching online classes. E-books are one of the best ways to build an online business. You can create e-books that teach people how to do anything from starting a business to improving their personal finances. E-learning is another great way to build a business around learning. You can create online courses, videos, and audios to help people with their careers, or you can create specialized training for businesses. Online courses and e-learning are especially profitable because they can be easily monetized and are sold to a wide variety of people.
9. Event Planning And Management
An event planning business is a great way to build a business around social connections and events. If you have a knack for putting events together, you can start a business that helps people plan events. You can also create one-off events that aren’t associated with a particular organization, like a birthday party. An event planning business is especially profitable because it is a creates experiences that are connected to special memories, which are important for people.
Final words
As you can see, there are many ways to get new ideas flowing without spending much time or money on research. These business ideas are simple, creative, and profitable, so it doesn’t matter what your age or background is. The only thing that matters is that you have a passion for what you do and are willing connect with your friends to sacrifice and build something that can grow over time.
