Every day there are new opportunities to help the market build a new source of innovation for the public. If you think all business ideas have already been taken by Generation X, you are wrong. There are a lot of new business ventures that millennials can do.
Millennials tend to experiment on cool and in-demand things like being an online one-stop shop of all things that are currently popular. They often focus on finding a solution to the consumer’s problems despite their generation facing financial barriers due to higher student loan debt and lower starting wages compared to their predecessors.
Here are 3 small business ideas for millenials this 2017:
1. Social Media Coaching or Training
In this generation where everyone seems to have a social media account, it would not come as a big surprise that majority of social media users make it a platform to launch their business. However, not all of them know how to utilize these sites to their full advantage. So, if you are a social media savvy individual, this is a perfect start-up for you. You can turn your skills into a business by teaching individuals how to use digital tools to stay relevant in the market.
2. Delivery Services
It seems that if given the opportunity, people will pay to have just about anything done for them. People are working harder than before and this results in them having not enough time to pick up the laundry or bring a takeout to work. This is when delivery services can be considered necessities. Now, people can have everything delivered to their doorstep in a matter of hours or days.
3. Nonprofit Organizations
This business is a good match for socially conscious people. A lot of millennials say that a job would be more fulfilling if they can make a positive impact on social and environmental issues. You can diversify its income through fundraisings for a cause, public relations and marketing. This business connects people and situations to another level.