As 2023 begins, budding entrepreneurs are bubbling with ideas to strike gold. What better way than to offer them a guide on some opportunities that can be turned into profit...
For business people, 2022 was not quite a forgettable year. After the Covid-19 pandemic troubles of 2020 and 2021, for many, it was a year of recovery.
Although some businesses which shut down due to the pandemic’s sting could not resuscitate, there were new fortunes in others, which might continue being successful in 2023.
Even as you map out business opportunities as an entrepreneur, to avoid burning your fingers, make sure you are providing a solution to existing problems and people will buy your product or service.
Enterprise explores some of the businesses likely to do well in 2023:
DROPSHIPPING
One thing that the pandemic taught people is that online interactions, and transactions, were the future. Disruptions to movement meant that even the most sceptical of people learnt to order goods and have them delivered to their doorsteps.
Similarly, rent-a-shelf businesses had a rough moment. No customers were coming to stores to sample goods. They could do this from the comfort of their houses. Many of these businesses closed.
Some started advertising goods that were with the manufacturers. Upon receiving orders, they would then pick up the goods straight from the manufacturer and sell them to customers.around the corner.
Small companies have to hire accountants for this. Bookkeeping is one of the most important facets of any decent business.
And such companies need very sober financial planning if they are to stay profitable.
However, unless one is an accountant, one would need to either undertake a relevant course in accounting or acquire certification in the same, which would be economically taxing and time-consuming or start a company and hire competent accountants.CONTENT CREATION
Many social media platforms are nowadays paying top creators, those who bring top engagement on their pages and thus attract traffic to the platforms.
On top of that, companies also want to use these influencers to promote themselves and their products. There has been a mushrooming of creators in the past two years, with some soon garnering hundreds of thousands of followers.
They are able to make good returns as long as they are consistent, and soon content creation becomes a full-time job for many who started such ventures as hobbies.
TRAVEL SERVICES AND CAR HIRE
If you can be known to be trusted with reserving hotels for clients and offering them comfortable and safe transport solutions to such places, then soon many companies, or parties wishing to visit particular areas, will prefer to use your services than themselves go through the rigours of booking and driving.
You can also suggest destinations and could do with a blog that explains the offerings in such. As a separate business, the car hire business could be very profitable.
For people intending to make private trips, they will prefer to hire a sizable vehicle and drive themselves to their destinations. Especially around festive seasons when there is a lot of travelling, car hire services are a very profitable business.
AGRIBUSINESS
It has not always brought the best fortunes for those who try, but with best practices and the use of professional services, this could be one very profitable venture.
Most supermarkets are now stocking more fresh products than ever before, and the demand for fresh farm produce, especially organic, is on the rise. With the right choice of crop and location, agribusiness could be one of the most profitable ventures not only in 2023 but the future.
