Millennials are known to be multitaskers, flexible, social, collaborative, and tech-savvy. Some of them may work as employees in the corporate world, but others may choose to be their own boss and start their own business. Besides, millennials also like to always achieve a work-life balance, which is one of the benefits of being an entrepreneur. If you’re one of one of the people who are part of the millennial generation or a member of the generation Y, you might have come to this page in search for small business ideas that will give you more freedom.
Check these list of business opportunities you might consider to explore and start as a millennial.
Blogging could be one of the best small business ideas that a millennial can start. Since millennials are tech-savvy and very familiar with social platforms, starting and operating a blog may not be difficult for them. Success in blogging and earning stable income are not done overnight. However, once they can create more high quality content on their blog, gain loyal audience, and generate consistent traffic from search engines, social network and direct visitors, monetizing the blog with advertising and sponsorship will be easy.
Do you love taking videos? Why not create your own YouTube channel and make entertaining and helpful videos you can share online. This is not just a simple hobby but you could start making money from the ads Google places on your videos. Always remember to use your passion and turn it into profit.
3. Website Development
Web development is one of the fastest growing online industries today. If you’re into web designing, you can build and manage your own business all from the comfort of your laptop. Since a website is already one of the basic needs of a business or company, web design and development is a popular home business idea.
4. Direct Selling business
Direct Selling is a good business opportunity for those people who want to earn unlimited income while having control over their lives. If you want to increase your income without making a big investment, why not engage in direct selling business. Avon, Alliance in Motion Global and Human Nature are only some of the popular direct selling companies in the Philippines.
5. Graphic Designing
Do you know how to use Photoshop and Illustrator? Or do you have skills in graphic designing? Why not use that skill in starting your own business. Your design expertise to create graphics such as company logo, brochures and brand identity for print or online applications is a good idea to venture off the ground and gain more profit.
Are you a photography enthusiast? If yes, then start building your own photography studio now. Photographers are in demand, especially that people love to celebrate and capture the moments in their different occasions. Your target market here, are those people who will celebrate their debut, wedding, 1st birthday, anniversaries, and other events. I’m sure you’ll enjoy working at your own business, doing your passion at the same time gaining profit from it. You can also take stock photographs and sell it online to get extra income.
7. Buy and Sell online
With the help of eBay, Craiglist, Etsy, Lazada, or Zalora, you can now start selling stuff you no longer use and need. Creating, selling, and buying businesses are all part of the entrepreneur’s journey. You can purchase cheaply new or previously owned products, and then re-sell it for profit. Remember the mantra of every buy-and-sell enterprise, “Buy low sell high”.
Thinking about starting a bookkeeping service business? Well, it has always been in demand since many people are tired of managing their financial transactions, payments, receipts, and work on the review of internal business processes. They need people who are good at organizing financial information because sometimes, people could do it but don’t have the time, education, or personality type to do well.
9. Social media marketing expert
Are you good at promoting brands using social media platforms like Facebook, Instagram, Twitter or YouTube? Do you have a lot of followers? Then why not use it to gain profit. Since people are always online (both desktop and mobile), social media is the best medium to advertise and promote a business. Several establishments, restaurants, or any other businesses are looking for social media experts to bring their brands to their target audience on social networks.
I’m sure you do have knowledge you gain from school. If you think you are good at something like English, Math, or Science, there are people out there who might need your help. The best feeling you can have is that, while you’re helping other people you’re able to gain profit out of it. You just have to be wise in using your passion and skills.
11. Rental Business
Do you have gadgets, gowns, instruments, or any other equipment that people usually rent? If yes then, why not make it as a business? It doesn’t require much money; all you need are things that people can rent for a day or occasional purposes. You may also use the Internet or social platforms to promote your stuff.
12. Post-production video services
Some people hire videographers for training, special occasions, and any other events. This has also been one of the most in demand businesses, because people treasure memories. Post-production is everything that happens to a video after it has been shot. It includes editing, motion graphics, effects, music, and so on.
13. Arts and crafts
If you are an artistic person, why not use that talent to make your own business? Materials are readily available and inexpensive. All it takes is just your imaginative mind to get several products done.
14. T-shirt printing business
Clothing is one of the basic needs of people and everyone look forward to having a trendy looking shirt. So you might as well want to venture on doing business like this. Depending on your choice of process, t-shirt printing does not entail a very big investment. You only need to have designs people will love and a quality that people will trust.
15. E-Load retail business
What makes this kind of small business in demand in the Philippines is the fact that, it is fast and easy to earn money. Filipinos always need load to access mobile Internet with their mobile phones and other device. You don’t need much capital to start with and its market will only continue to grow. You can sell prepaid cards or loads to your friends, family, co-workers and other target customers.
The secret in building your own business is in concurring the doubtful thoughts. If you get to start from somewhere, someday, then why not do it today? Regardless of what kind of business you want to start, just remember that there are plenty of opportunities out there waiting for you to take advantage. You just have to take a risk, never be afraid, and take all your failures as a lesson to grow in the future.