Every new year, some people will search for new things to start the new year; for some, those things will center around increasing their income-generating channels. For some, it can be on getting new business ideas they can venture into in that new year. If your reason for this new year is to start a business, we have assembled 11 business ideas that you can start in this new year. These time-tested business ideas will make your bank account happy in 2024. Take your time to read them and commit to any of them.
11 Effective business ideas to make money in 2024
1. Website flipping.
Website flipping will enable you to create and sell websites for cash. Those who know how to create a website can quickly enter this business and make good money.
Sometimes, you can create websites for as low as$20 and sell them for 100 or more. There are a lot of sites where you can comfortably do website flipping and those websites.
If you succeed in flipping more than five websites in a month, that will give you$500 as revenue.
2. T-shirt printing.
You can make money from this if you know how to make catchy inscriptions and logos on T-shirts. T-shirt printing is one of the businesses someone can profit from in 2024.
Printing per shirt could cost between$5 and$10, and then you can sell the r shirt at the cost of $15 and above, depending on the quality of the T-shirt.
3. Lunch Packing.
Lunch packing means delivering lunch to various people on different days. Many corporate workers and civil servants need quality lunch; if you can cook good food or you’re a good chef, this is where you have to come in and serve them. You could position yourself to offer delicious meals and make money at the end of the day.
4. Crypto flipping.
Crypto is one of the digital assets that tends to give high returns. If you’re thinking of how to multiply your money quickly, you must think about crypto flipping. Crypto flipping means moving your funds from one crypto asset to another to make a profit. You can find any crypto assets that are likely to go up in price and transfer your funds there to make a profit; then, you can move to another opportunity after that. There are a lot of people currently making a killing in this business; all you need now is to create a start on it.
5. Frozen foods.
The frozen food business is another business you can start this year, mainly to buy processed goods and sell them to immediate consumers. Frozen food, especially chicken, is a very lucrative business that people can start and make their own money in 2024. Though there are imported and locally produced frozen foods, you can rely on the local farms and source your chicken from there to make good money. All you need to do is to target the retail shops around your area and sell to them.
6. YouTube publishing.
YouTube publishing is the in thing now. This business will pay you handsomely if you have a skill or knowledge to share with the world.
Create videos, upload them, and publish them on the YouTube channel you have created for yourself.
The more people watch your videos on YouTube, with more than 1000 subscribers and 4000 watch hours, the more YouTube will monetize your channel. And they will start paying you from there.
7. Voice-over production.
Some are looking for those who will do a voice-over for them in their videos or blogs. This business could be for you if you have a good voice and can mimic a particular voice. Voice-over artists could earn money from producing voices for specific characters, acting or jingles, or reading an article over the slides.
Voice-over production is one of the great businesses you need at this time. If you are willing to do the work, you will excel quickly.
Some voice-over artists can work as freelancers, or they can decide to own their studios.
8. Catering Services.
Catering business is still needed in most events in the community now. So, the industry is very lucrative. Those of you skilled in baking, preparing special foods, and others can quickly go into the catering business. On most weekends, birthdays and weddings need catering services, and you need to key in by offering beautiful, delicious pastries.
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9. Laundry Services.
Laundry services are a lucrative business; many people hate or cannot do laundry for themselves. Consider starting a laundry service to cater to these people in this category. A laundry service is a creative service with another business aspect, such as washing, drying, material repair, and dry cleaning. Someone can specialize in one laundry service aspect and start making money.
10. Solar energy distribution.
There is increasing use of solar energy since the energy electricity distribution is becoming erratic these days. If you love marketing and believe you can thrive well in the solar energy distribution business, then starting this business will be good for you.
11. Phone Repair Services.
Phone repair service is another business you can go into, but you need some basic training before you can start. Almost every adult now uses a phone daily, and the market for phone repair is increasing daily. A phone repairer can make a good income daily depending on the location and the number of persons patronizing him.
Conclusion.
These practical business ideas are written to give you a head start; you only need to pick one or two out of the ideas and expand it on your own. If there are other things you need on our side to guide you, please do not hesitate to let us know.
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