26 Mar The Top 6 Hottest New Business Ideas in 2018
What are the Best New Business Ideas in 2018?
Do you experience that crushing feeling when hitting the snooze button in the morning? Wish that “The Daily Grind” was the name of a hipster coffee shop across the street instead of your cycle of life? It doesn’t have to be this way.
You have found the right blog.
Nothing in the world is more liberating than realizing that just because a cubicle office job is common doesn’t mean it’s the only path towards success. There have been so many innovative and new business ideas in 2018 for startups, entrepreneurs, and the average sole proprietor such as yourself. Here are just a handful of the hottest ways people have been making a six-figure salary on their own terms.
6.) Become An SEO Expert
The idea of blog writing for profit isn’t anything new, but 2018 has brought an opportunity for writers to take their talents a step further. Many organizations are jumping towards the chance to hire people who are experts in search engine optimization (SEO). Google has a forever-changing formula for ranking a page’s popularity, and businesses want their website to be on top.
An SEO consultant helps organizations to edit existing content, write new material, and is knowledgeable about current industry trends. Dwell, the amount of time a user spends on a page and click-through-rate are the current two highest measurements that RankBrain looks at. Rankbrain is the name of Google’s artificial intelligence system that monitors user experience signals.
5.) Wedding Food Trucks
Of all the new business ideas in 2018, this is one of the more shocking ventures. Hiring a food truck is becoming a trendy way to cater your outdoor reception. Even stationary restaurants are looking into this mobile catering plan to expand their current businesses.
Food Trucks are a low-cost alternative to renting a store. With the changing weather, trucks can travel to keep where the business is good. Next, to wedding receptions, they also have their typical hot spots such as farmers markets and festivals.
4.) Self-Publish On Amazon
Currently rated #1 in corporate reputation, Amazon has the advantage of already being hooked up to 300 million credit cards. The company gives users the purchasing power to buy your book with quite literally one click of a button.
(check out my ebook if you’re interested)
Turning out short but quality literature at an inexpensive rate has been hot on the list of new business ideas in 2018 to generate passive income. The great thing about passive income is that once you publish a book on Amazon, you’re set. Besides any marketing you choose to do, the book will just sit and generate money over time.
3.) Get Crafty
In an industrial world of machine-made home goods, customers long for the lost style of artisan crafts. Hand-knitted and crocheted products are beginning to make a resurgence, especially in the Etsy marketplace.
For those with the knowledge of the craft but lack the time, there is also a demand for knitting and crocheting patterns. Much like publishing an ebook on the Amazon store, crafters release a .PDF of their designs for customers to purchase at a low price. Once a design sits in their store it begins to generate a nice, small amount of passive income.
2.) Teach A Digital Course
Imagine the opportunity to teach a class to thousands of people anywhere around the world. With the power of the internet, careful planning, and a universe full of eager students it is now within the realm of possibility. Teaching what you know is as simple as writing out a course, setting up a whiteboard, and recording it for the anyone to access.
Usually followed along with a published e-book, digital courses have been an excellent opportunity for successful people to share their tips, tricks, and industry secrets. Classes are taught through blogs, podcasts, and video lesson. The money is a small price to pay for the knowledge that will continue to aid you for the rest of your lifetime.
Speaking of an e-course, I will be releasing my premium e-course in June. Want to join the waitlist? Click here.
1.) Airbnb Rental Arbitrage
As with many of the new business ideas in 2018, Airbnb Rental Arbitrage is taking the marketplace by storm. The opportunity to make capital by renting a property is a simple concept to understand with a large margin for profit.
The only thing needed to start after obtaining property is figuring out the minimum amount of the days required to rent out the place to make your money back.
So, what’s Airbnb rental arbitrage?
In this case, you are renting a property out at a lower price and leasing it out via Airbnb at a higher price. For example, you lease a 1-bedroom apartment at $1,000 dollars a month and rent out the same 1-bedroom for $2,000 dollars a month on Airbnb. Your net profit is $1k a month.
You can check out this blog post here to find out more here.
What is your favorite new way to make money?
Whether you’re looking for a break in your dull daily routine or something to take on as a side hustle, these six concepts are just a small representative of the growing creativity and innovation of our era. With advances in technology, customers are on the search for the next most significant thing.
Bonus (because you’ve got through this far). Here are the full list of ideas: 121+ most profitable ideas that you can start from home.