Business Ideas To Start in 2016

You have realized you want to run your own business, and we’ll help you with that. Some people want to start a new business for the sake of flexibility, some are just fed up with cruel bosses, and some are just looking for an opportunity to make more money than they would have, as employees. All are valid reasons which we have tried to tackle through our best new business ideas for 2016 list. 

Take Surveys For Cash:

Potential: Low

Risk: None

This is more of a low risk pastime activity that can generate an income sufficient to live by, if you reside in a developing country, or something you can do on top of your usual day job for extra cash. The idea is that companies pay for surveys to be filled out, and survey companies recruit the requested audience. They pay a portion of what they’re given to the people handing out surveys.

It’s easy, simple, but very capped. Even if you do this full-time and efficiently, it is sensible to believe it will no generate more than $1,000 a month (and that is if you found really good sources). You can spend a few dollars on this book which will lay out the survey cash generation plan in a more detailed manner

Potential

Sell products on an Online market:

Sell-products-on-an-Online-market

Potential: High

Risk: Medium to High

You can sell whatever you want on eBay and make profit. You need to find the right niche, build yourself reputation, and learn the system, but generally speaking if you buy in bulks, through eBay or through someplace else, and sell every piece of the bulk for a higher price, you will eventually make money. It’s not difficult to make money, the difficulty is to make enough money and sustain a proper cash flow line to be able to buy stock, and make a living at the end of the month.

Trade collectables (sub-set of product selling)

collectable items and antiques are often in demand from the right buyers and can have a lot of value. If you know a lot about specific collectables then you could look for bargains and then sell them off for a profit. There are plenty of sites for collectible items so you should have no problem in finding buyers.

Related post: 3 Ways To Make Money Online In 2016

YouTube Stardom:

YouTube-Stardom

Potential: Huge

Risk: Low

Well, if you become popular on Youtube you can earn a lot of money. Directly from Youtube if you’re really big, but also from side contracts Youtube stardom should fetch you. When you have a list of people who are trusting you, following you, or admiring you, you are able to sell them. The difficult part is standing out.

Related post: 5 Weird But Successful Small Business Ideas

Our advice is sticking to something you can really shine on. If you’re ultra muscular, videos of you training and instructing can become very popular, but if you don’t have the body or knowledge to show for it, you might become a laughing stock. If you’re an ultra-gamer considering yourself lucky, as the top grossing Youtuber, PewDiePie, is a gamer making 4 M Dollars (estimated) from his Hobby.

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