Great business ideas for 2018

Great business ideas for 2018
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You know what they say: New year, new you. If the 2018 new you is interested in becoming an entrepreneur and pursuing your business dreams, but you're not sure where to start, don't worry – that's what we're here for. To help you get your business up and running this year, here are some ideas based on recent trends to inspire you and help you find success in the new year.

Professional organizing

Black and white home office, home office decor, home office decor
Minimalism is all the rage these days, but downsizing and organizing can be a huge task for people to take on, especially with busy work schedules and social lives. It's more than simply cleaning up, as getting organized requires developing a system people can stick to and that works for them, and downsizing can be a challenge for people who are attached to their things.

If you're a particularly organized person and think you'd be good at coaching people through getting rid of unnecessary items, you could turn this skill into a lucrative business this year. It definitely requires patience and understanding, so being a people person is important. Ask if clients will let you take before and after photos of the areas of their homes you've organized, and use those to create a portfolio to attract more clients and market your business on social media.

Tech implementation consultancy

Tech implementation consultancy
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Are you an expert in all things IT? Do your friends come to you when their computers break down or their networks are compromised? Well, tech consultations might just be the line of work for you.

Huge strides are being made in technology, such as in the realm of AI and machine learning and big data analytics. You can bet that means companies large and small will be looking to integrate new tech with their business operations. But entrepreneurs already have a lot on their plates, and many don't have the time or energy to learn their new technology inside and out. A tech consultation service that could help businesses implement and operate their technology solutions could prove highly profitable.

Freelance copywriter

Freelance copywriter
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Do you consider yourself a wordsmith? Setting yourself up as a freelance copywriter could prove to be a lucrative side hustle ... or maybe even a full-time job. Companies will pay big time for someone who can write clean copy, whether it's for advertisements, websites or blogs. Some will even pay you for your editing services. However, consider how much work it takes to make freelancing work your full-time gig.

Cannabis licensing consultancy

Cannabis licensing consultancy
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With both the legal and medicinal cannabis markets continuing their rapid growth, now is a great time to start a cannabis licensing consultancy. Once you familiarize yourself with the different state regulations and the major players in the approval process, you're ready to start helping dispensaries and grows attain their licenses and approvals.

According to Medical Marijuana Inc., the estimated size of the 2016 hemp market was $688 million. Add to that the continuous legalization of recreational use in states throughout the country and you have a fledgling market with room to grow. Now is the time to get into this burgeoning industry.

Home healthcare services

Home healthcare services
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Many businesses these days are focusing on marketing to millennials, but it might be worth it to start a business that caters to seniors instead. People are living longer than ever, and that opens up a whole new audience of customers. According to the National Institute on Aging, between 2010 and 2050, the 85-and-over population is projected to increase 351 percent globally – 188 percent for the 65-and-over population – and the global number of centenarians (those over age 100) is projected to increase tenfold. That's a lot of people who could use specialty services for their needs.

There are plenty of ways to help seniors and grow a successful business at the same time. Everything from salon to errand services can be a success, as long as you can bring your skills to their homes or assist older people who can no longer walk or drive to get to you. Also, consider a business to help seniors transition from their homes to assisted living facilities, with services such as packing, transporting, setting up or storing their furniture and possessions.

Social media consulting

Social media consulting
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Sure, there are plenty of businesses offering social media consulting services, but you can stand out from the crowd by focusing primarily on networks that are still gathering steam with businesses. Facebook and Twitter are still the top networks, but businesses tend to struggle the most with more visual platforms like Instagram, Pinterest, Tumblr and Snapchat. All of these platforms have huge audiences, but many businesses don't realize how big they really are, how effective they can be and how to make them work for their niche. Snapchat has more than 158 million users per day, according to Business Insider. Instagram has more than 500 million daily active users, according to Statista, and Pinterest has over 200 million.

If you've got a background in social media and a deep understanding of these particular platforms, try starting a social consulting business that focuses less on the basics and more on helping businesses take advantage of the millions of users they're not reaching by sticking solely with Facebook and Twitter.

Healthy fast food

Healthy fast food
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If you've ever dreamed of opening a restaurant or a food truck, this just might be the time to do it. People (millennials especially) are more health-conscious than ever, but they still lead busy lives. Consumers are looking for competitive pricing on local, seasonal dishes that they can take on the go with them.

Catering to this idea by offering more nutritious fast food could turn into a fruitful business. In fact, according to Business Insider, in 2017 there were already a number of healthy fast food businesses taking over, so this is a fresh idea that has potential to be even better in 2018.

Crowdfunding consulting

Crowdfunding consulting
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Crowdfunding lets groups of people pool their contributions to invest in startups. With the concept still in its infancy in the United States, entrepreneurs need help finding the best way to tap into this new source of investors.

Crowdfunding consultant Victoria Westcott said she helps others understand the practice and raise more money by helping plan, strategize and run campaigns to attract new backers.

"The fact is, crowdfunding is not quite fundraising, and it's not quite preselling either," Westcott told Business News Daily. "Crowdfunding is a whole new thing."

With so many entrepreneurs looking for the cash to turn their idea into an actual business, Westcott believes the need for crowdfunding consultants will grow in years to come.

Wheelchair repair service

handicapped, wheel chair
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With the general population living longer than ever, healthcare needs are growing exponentially. Currently, statistics show more than 2.8 million Americans use a wheelchair for mobility, allowing greater independence in daily functioning, home life and vocational settings. All this wheelchair usage means there's a lot of need for repair and maintenance of wheelchairs, along with other medical devices.

In a study led by Michael Boninger, of the VA Pittsburgh Healthcare System, about 53 percent of wheelchair users reported one or more breakdowns requiring repair between 2006 and 2011. There is a need for those who can fix both manual and electric wheelchairs quickly to get them back to those who depend on them.

Wheelchairs, especially electric wheelchairs, can be complicated to repair. Considering they're also expensive and necessary equipment for the people who use them, if you have the skills to repair them or are willing to hone them, you're likely to find your services highly in demand.

Multicultural marketing expert

Immigrants own nearly one in five small businesses in U.S.
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All businesses are looking for new ways to connect with their customers, but many are missing the mark when it comes to connecting with minorities. Research from direct advertising firm AccurateLeads found that marketers who don't target minorities are losing out on a $3 trillion market – proof that thoughtful, considerate and inclusive marketing can go a long way.

The study shows many companies fail at reaching minority customers because they don't take the time to properly know that audience. To reach those targeted shoppers, businesses must recognize the places where the consumer resides and design a specific message not just for one ethnicity, but for cultures among those segments.

This has created an opening for marketers looking to stand out from the crowd. Lisa Skriloff, founder of Multicultural Marketing Resources Inc., said with minority populations growing at a faster rate, businesses that want to succeed must tap into the minority markets.


Between books, blogs and social media posts, it's easier than ever to communicate via written word. Audiences are ready to consume content from their favorite brands and celebrities, but actually crafting that content can be tricky, so many companies are turning to ghostwriters to help put their thoughts down on paper.

"Because of technology and the internet, publishing and sharing written material is easier and cheaper than ever," ghostwriter Melinda Copp told Business News Daily. "All those words have to be written by someone."

Beyond online writing, more business leaders are authoring books, with the aid of ghostwriters, to build their credibility.

"Some of my clients have leveraged their books to generate more and better speaking opportunities, more frequent appearances on business shows, and opportunities to work with better clients," said ghostwriter Jeff Haden. "Great content can help build a great foundation for a business or personal brand."

Green consulting

Green consulting
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Whether it's cutting energy costs or reducing their carbon footprint, the pressure for businesses to adopt green practices is high – and it's only going to grow.

Business sustainability consultant Barbara Englehart said there are numerous benefits for companies that go green, including reduced costs, risks and liabilities, and increased employee retention, productivity and moral.

"This is all quite new in the business world, and companies need help," Englehart told Business News Daily. "They weren't teaching sustainability in business schools five or 10 years ago."

Disaster consulting

Disaster consulting
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The daily news is filled with fires, floods and other tragedies around the country. Those disasters have the ability to wipe away years of hard work, and that reality is forcing many business owners to evaluate their own situation.

"Unfortunately, we are in a cycle of more frequent and severe weather events, coupled with an alarming occurrence of freak events," Barry W. Scanlon, former president of crisis management and public safety consulting firm Witt Associates, told Business News Daily. "This has led more and more leaders and businesses to realize that if they are not prepared for all hazards and crisis events, their hard work and growth can be lost in a moment's notice."

The desire to be prepared for the worst is increasing the need for consultants who can guide businesses through the necessary steps for protecting all pieces of their company – from physical buildings to online documents – in case of a disaster.

Translation services

business travel apps
Following a decline during the recession, translation services are poised for renewed growth. According to research from IBISWorld, the internet has been instrumental in increasing demand for translators, because businesses moving into new countries use services to adapt websites and marketing materials to the new region.

The study shows that as companies once again focus on international growth over the next few years, they will turn to the translation industry to provide localization services. A growing population of immigrants is expected to contribute to further growth.

"The industry has grown as companies look to cash in on an increasingly global marketplace," said IBISWorld industry analyst Andrew Krabeepetcharat.

This need has created an opening for bilingual speakers with the ability to interpret speech from one language to another. Specific services they can provide include document translation and the translation of website information into languages for use in other countries, taking into account unique cultural and linguistic traits.

Car repair concierge

Over one-fourth of consumers say they are postponing car purchases as a result of high gasoline prices.
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Few things can be as frustrating as taking a car in for service. It's a time-consuming process that often requires the owner to make cumbersome alternative transportation arrangements while the work is being done.

Research shows there are more than 115,000 auto repair and service shops nationwide, each fixing an average of 55 cars per week. Thus, there is a growing need for those who can make the process as smooth and painless as possible.

Car service concierges are able to pick up your car for you, take it in for service and return it when it is finished. For those who can't afford to be without a car while vehicle is serviced, the concierges also can provide a rental car.

More business ideas

More business ideas
Looking for more great business ideas? Visit our Business Ideas section where you’ll find links to all our business ideas stories. You can also try our Business Idea Generator. Answer 21 "yes" or  "no" questions  and we'll tell you the top five business ideas that might work for you. Click here to get started.

Additional reporting by Business News Daily staff members. Some source interviews were conducted for a previous version of this article.

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