Best Business Ideas to Start in 2017

There is no work quite like owning your own business. The freedom of being your own boss, setting your own hours and creating something that is entirely your own is something that appeals to many people. In fact, in 2016, more people chose to leave their jobs and start their own businesses. According to the Kauffman Index, the rate of startup growth was 58.5%, which was nearly 12 percentage points higher than 2015.

If you’re planning to start your own business this year, here are some great ideas that could make you a lot of money.

Sell Organic Looseleaf Tea

The demand for tea is growing significantly. According to data from the World Tea Expo, the U.S. market for tea rose by $10 trillion in 2014. Many younger adults are also interested in loose-leaf tea, a market which many distributors like Teavana don’t serve. Unfortunately, the climate in most parts of the U.S. isn’t ideal for growing tea.

This presents an opportunity for savvy entrepreneurs with the right contacts. Many great fortunes have been built by tea exporters over the years. However, the barrier to entry was high, so it was difficult for new entrepreneurs to enter the market. There is a much better opportunity for entrepreneurs on a low budget in 2017, as the market is growing and globalization makes it easier for business owners on a small budget to start their own tea importing business.

Import and Re-Sell Goods

If you’re already selling on E-bay or on your own eCommerce website, you can consider expanding your supply chain to China, India or another country. You can mark those items up and resell them on eBay or your own website. A Reddit entrepreneur created a business importing goods from China and made nearly $7,000 in the first couple of months. Many other entrepreneurs are doing the same.

While globalization is a threat to some people, it’s a huge opportunity for clever entrepreneurs. You don’t have to start a new business from scratch.

Resume Writing Service

Although the economy is getting better, many people aren’t thrilled with their jobs. Last year, Gallup reported that about 51% of employees were actively seeking a new job. You can create a booming business helping struggling job seekers.

The easiest way is to create a resume generation business. Even many professionals have difficulty creating their own resumes, so this could be a great way to make a nice income. Cost Helper estimates that resume writers charge between $80 and $349 per resume. Since job seekers have to tailor their resumes to different clients, you can earn several hundred dollars helping a single client.

Create a Coupon or Consumer Review Blog

Many people aspire to make a living as a blogger. Unfortunately, most people fail, because they create a blog about something they are interested in, even though there isn’t a large demand for it. The trick is to come up with a blog topic that appeals to a large customer base. Coupon blogging is one of the best. Reviewing products is another great way to earn a living blogging.

For example, Louida, an Atlanta woman who created her own coupon blog a few years ago, earns close to $10,000 a month from her site.

Tutoring Services

Tutoring is another great way to earn money. If you have a degree in a specialized field, you can charge $50 or more an hour to help struggling students. Tutoring is also a great way for professionals to make extra money on the side. During slow periods, lawyers can tutor recent law school graduates to help them pass the bar exam. Engineers can work with students at their local engineering school.

In conclusion, there are plenty of opportunities for intelligent people to start their own business. The hardest part is taking the plunge. Do you plan to launch a business this year?

So, if you want to be a successful entrepreneur, consider one of these great business ideas and start building your dream business today.