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7 Great Ideas for Next Year's Business Venture Featured

7 Great Ideas for Next Year's Business Venture "Turn Ideas into Reality! A motivational sign in a Co-Working Space. "

As the year comes close to an end, people across the world are thinking of the right ways to begin the coming year on the right footing. One way you can start on a high is by starting a business venture and working hard for its success. Although there are many business ideas, only a handful last for a year, let alone make a profit. Due to this challenge, most wannabe entrepreneurs find themselves losing hope of ever being business owners in their lives again. As you embark on a new year, here are 7 great ideas for a business venture that can interest you:

  1. Start a blog

Blogging is still one of the best business ideas you can start in 2023. If you are confident about your writing skills, perhaps it is about time you launched your own blog. While some may find it tedious, you can make a good amount of blogging, provided you take it seriously and treat it like a business. Even if you do not know any coding, you can start a blog and design a website without writing a single line of code. Furthermore, you can learn everything from scratch from dozens of online materials. You can monetize your blog using Google Adwords, affiliate marketing and many other methods. With these approaches, you can make a good passive income.

  1. Create a SaaS software business

Software-as-a-service (SaaS) is a software distribution model where software is centrally hosted on the cloud for customers to access through their web browsers. It is a subscription-based service. This has become one of the most preferred software lately because it is flexible, does not require installation, and can be used from anywhere. For developers, it is cost-effective, and its upgrade does not require you to replace software on individual machines. As you start a new year, perhaps you should consider this business.

  1. Become a web hosting reseller

Post-pandemic, many businesses have chosen to go online. This means that the demand for websites has grown significantly over the past three years, and so has the demand for web hosting servers. So, if you start a web hosting company, you will make quick, passive income with this growing business. Unlike starting a big web hosting company that is expensive, risky and requires huge capital investments, reselling is cheaper and easy.

  1. Start a content-writing business

The growth of online businesses means the urgent need for content for websites. You can take advantage of this need by starting your own content-writing business. If you are good with words, you can offer blog writing services, work with various companies, and help them meet their content requirements. Furthermore, you can create your website to sell content and provide writing services.

  1. Social media marketing

Most companies use social media to reach their customers. This is because many people spend their time on social media daily. If you know your way around social media marketing, you can take advantage of the demand of social media marketers by starting a social media marketing business. You can help companies target audiences, carry out research and develop content. You will make good money from these services if you are good enough.

  1. Sell ebooks

If you are good at writing, you should consider writing an ebook, selling and making money. You only need a good laptop and an internet connection for research and publishing. Sell your ebook on platforms like Amazon and even your blog. This is another passive income opportunity you can take advantage of as a new year begins.

  1. Sell online courses

People are now interested in online learning more than ever. As such, if you are looking for a passive income opportunity, selling online courses might be a perfect opportunity for you. You need to be an expert in a particular area and patient enough after developing a course. The course can be a video or text; you can sell it on various platforms such as Coursera and other online marketplaces.

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Scott Koegler

Scott Koegler is Executive Editor for PMG360. He is a technology writer and editor with 20+ years experience delivering high value content to readers and publishers. 

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