Best Small Business Ideas To Start In 2022
Video Production Business
It should come as no surprise that video is rapidly evolving into one of the most crucial communication tools for businesses of all sizes given that YouTube is the second most popular website on the planet. If you know how to film or edit videos, it won’t take you long to develop a clientele. Everything from video production workshops and video editing services to soundtrack libraries and DIY tutorials can be useful in the business world. One of the most alluring online business ideas is making videos because it calls for a lot of creativity and presents many difficulties. Also you can take help of online text speech software to give a voiceover to your videos.
Health Club/Self Service Gym
I’ve belonged to a few high-end gyms throughout the years. They had tennis courts, racquetball courts, saunas, steam baths, jacuzzis, indoor pools, outdoor pools, and hot tubs. If you’re feeling particularly daring, you could build a full-service health club like one of these.
However, there are other fitness clubs or gyms that have had tremendous success with a far more limited approach. Perhaps you could just provide some basic exercise machines , cycling kit or yoga accessories . In addition to their equipment, some of these gyms promote a specific fitness regimen or workout concept.
There are two types of marketing for health clubs and gyms. To begin, you must recruit members, mostly through web marketing. Second, you must keep them. My father used to work in banking and supported multiple health clubs. He stated that their main issue is usually maintaining members.
So, how do you keep members? You might charge a one-time fee. For a yearly commitment, you may charge a reduced rate. You could only accept members who agreed to pay with an automatic monthly charge to their bank account, credit or debit card, or both.
Equally vital, you must consistently market to your current members. Provide a wide range of programmes. The programmes should be heavily promoted. Encourage them to visit your website. Send them regular emails and make social media updates on a regular basis. Inform them about new programmes or events at your club. Send them fitness and health advice. Keep your name at the top of their minds.
Wine Bar
A wine bar may be a lot of fun to run. To make a go of it, you’ll need to provide at least some food. So it’s comparable to running a restaurant, but with a unique twist. It’s riskier than opening a sandwich shop, let alone any of the other easy service businesses on this list. However, if you can build a dedicated consumer base, you can be pretty successful.
I saw a young couple evolve and grow their wine bar business near my vacation house in Dennis, Cape Cod. They began with reasonably priced wines, beers, and cocktails, as well as a few simple food items that didn’t require much preparation.
What was really noteworthy was that they dedicated half of their floor space to selling oil and watercolour paintings by local artists. So the company began as a hybrid art gallery/wine bar, hence the name Harvest Gallery Wine Bar.
They significantly modified their business mix over time. They placed a large bar in the centre of their area and restricted the artwork to wall space and their website. Then they built a full kitchen in the basement and started serving full dinners. Later on, they began to engage local bands and set aside area for dancing later in the evening.
This most recent company strategy has fared far better. Harvest Gallery Wine Bar experienced certain challenges because it is located in a small summer resort town with a very limited year-round population. So focusing just on art purchasers and serious wine drinkers was not a year-round feasible business model.
The Wine Room in Palo Alto, California is another wine bar I’ve enjoyed with a slightly different business approach. The emphasis here is on more serious wine drinkers, and the food selections are kept basic. It also has a cosy, living room-like atmosphere. A fantastic economic concept for a large wealthy town like Palo Alto, but possibly too restrictive for a small rural village.
These two different situations highlight the importance of meticulous planning — not just for a wine bar, but for any type of business you are considering beginning. Consider your market, possible clients, rivals, and potential strengths, and incorporate all of this into your business.
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