How often have you heard the phrase “I want to start a business but have no ideas”?
A hundred times, maybe more?
Well, you’re not alone, we’ve all been there, either thinking about our own business ideas, or listening to someone else trying to come up with a good idea.
Thankfully, there’s a way to sift through everything, and validate which startup ideas have the potential to work, and which are not worth the time or effort.
Today, we present to you…
14 Great Startup Ideas to Try in 2023
- Subscription Boxes
- Plant-based Food
- Delivery Services
- Pet Services
- Affiliate Marketing
- Marketing Consulting
- Sustainable Products
- Online Job Boards
- Video Games
- Coffee Business
- Business Consulting
1. Subscription Boxes
Subscription boxes come in all shapes and sizes. They can be used in almost any type of industry or niche. This makes them one of the universally great startup business ideas. For instance, companies can offer subscription boxes dedicated to books, beauty products, tech gadgets, eco-friendly cleaning supplies, underwear, tea and coffee, and so on.
2. Plant-based Food
Vegetarian and vegan lifestyles have become very popular startup ideas in recent years. In fact, plant-based products often get bought up like crazy, especially when we’re talking about meat and dairy substitutes such as tofu, pea protein burgers, seitan, etc.
Furthermore, the plant-based meat substitutes segment is projected to continue its growth, reaching $30.9 billion by 2026. Which is a good, and viable, reason to consider your own plant-based food startup.
3. Delivery Services
This niche exploded back when the COVID-19 pandemic started, and people were forced to live in social isolation. Still, we got used to using delivery services, and it appears their popularity will not end anytime soon.
If it’s within your capabilities, starting your own delivery service-oriented business is certainly something you should think about, regardless if it’s delivering packages, food, takeaway food, etc.
4. Pet Services
The thing about pet owners is that they are often willing to pay a lot, in order to pamper their furry friends. In fact, many business owners of pet-sitting services have reported a $57,000 yearly profit, and some dog groomers earn as much as $70,000 on a yearly basis.
If you decide to venture into such an endeavor, remember that the most important thing is to gain the trust of pet owners.
What’s more, nowadays, there are a lot of different pet products and services available so starting a pet-service business, like grooming, walking, etc., or a pet product one, like dog/cat treats, toys, accessories should not be hard to do.
5. Affiliate Marketing
Affiliate marketing is a very easy and low-effort business model. In practice, anyone can do affiliate marketing, all they need is a computer and a basic knowledge of the Internet.
Of course, if you’re serious about affiliate marketing, you should have a good understanding of the processes that take place. For instance, how to write reviews for the products and services you will be recommending, or how to get people to purchase from your affiliate links, ultimately.
6. Marketing Consulting
Paid search, search engine optimization, marketing campaigns, increasing traffic, developing new marketing strategies – these are all consulting tips you can offer, if you have the expertise, of course.
Starting your own digital marketing agency will not only allow you to help clients achieve their business goals, but by doing that, you will also achieve your own goals.
- Real estate (28%)
- Travel (16%)
- Education (14%)
- Healthcare (10%)
- Finance (5%)
So, if you’re technologically savvy or have a team that can get the job done, venturing into the world of chatbots is definitely a great startup business idea.
Staying on the topic of technological innovation, artificial intelligence has taken the world by storm in recent years, and especially in recent months with the release of ChatGPT.
Why not put your developer skills to the test, and create an AI tool. Could be a writing assistant, automation tool, or whatever else you find is worth it, and has a market demand for.
9. Sustainable Products
Another very trending topic in recent years is sustainability. From sustainable kitchen utensils to sustainable clothes, sustainable products are well sought after. The key factor here is, though, that sustainable goods sell much better online than in-store.
What’s more, it also turns out that more than half of customers are willing to pay extra for eco-friendly products, and 84% state that they are willing to stop supporting a company with poor environmental practices.
So, how to find the right sustainable startup idea for you? That’s easy – research the sustainability products market, and look for potential gaps, or areas with a big demand for specific products.
Readers Also Enjoy: How To Increase Digital Sustainability and Support ESG? – DevriX
10. Online Job Boards
What do people do when they’re looking for a new job? They search online, of course. One might argue that there are a lot of online job boards already, but the truth is that this is a sector that always has the need for new, exciting ideas and additions.
Therefore, if you manage to come up with an awesome online place to connect job-seekers with available job opportunities, you will have a startup with great potential. Naturally, you should look to add features that will make you stand out from other similar platforms.
Innovate the job searching process, and your clients will be thankful that you helped them find their dream job.
11. Video Games
Around 3 billion people worldwide play video games. The video game industry is valued at a whooping $106.8 billion! What’s more, it has increased in value in eight of the last ten years (valued at $31.23 billion in 2012).
A video game startup can be a very profitable business. And while you might think that you’ll need a huge team of developers, designers, writers, etc., in order to create a game, that’s not always the case.
In fact, there are a lot of games created by a single individual (Minecraft, Stardew Valley, Undertale), or by a team of 2–3 people. Just check out Steam, if you don’t believe us.
12. Coffee Business
Mm, coffee! Who doesn’t enjoy a warm cup of coffee, or maybe even two or…ten (we’re not judging)? Cappuccino, macchiato, Irish coffee, flat white, Americano, cortado, mocca, espresso… the list goes on.
Nowadays, largely due to big brands like Starbucks, coffee lovers can enjoy a large array of their favorite drink. This also provides you with endless startup possibilities. You could open your own coffee shop, create a coffee roasting business, operate a mobile coffee cart, etc.
You can also expand on your business, such as, offering snacks and food, start taking online orders, and participate in events.
Investment and financial decisions are easier than ever thanks to the modern financial technologies, a.k.a., fintech.
Fintech is a great opportunity for creative entrepreneurs, looking to make the financial sector more interesting and accessible to the public.
Furthermore, if you have an affinity towards finances, trading, stocks, etc., fintech might be the perfect startup for you.
14. Business Consulting
Business consulting can include a number of different things, depending on your skills and knowledge (e.g., marketing, business development, and so on).
The main thing here is to focus on what you’re good at, so you can provide the best advice to your clients, and establish your reputation. Once you’re credible enough, you will have additional resources at hand along with opportunities to expand your consulting services.
Readers Also Enjoy: Supreme Startup Guide: Success From Start to Finish – DevriX
There you have it, 14 of the best startup ideas to consider in 2023!
Do you know of any other great startup opportunities that we have missed? How about ways to identify potential startup ideas?
Feel free to share your ideas in the comments section below.