In life, the truth is you could be searching for the perfect business idea, but it ends up finding you, so you might not have to worry your head much. However, this time you are looking for a great business to share with your friends. Maybe you will have to put in some work after all.
However, we have put together this brilliant article to make it easier for you to find a business idea that will have room for low investment but still be successful. The basis of a great business idea is finding a solution to a problem. In this article, you will learn ideas you can share with your friends. Whether you want to start a business with them, they want to start their own business and are confused.
Top 5 brilliant Business Ideas for friends
Before starting a joint business with friends, it is best that everyone understands their role and knows what they would be doing. This is where contract partnership comes in to avoid conflict. Below you will find ideas to share with your friends:
1. Branding
Every business out there needs branding. Although branding isn’t a logo alone, the logo is still a part of it. Branding is the process of shaping an enterprise into a brand, and a brand is how people perceive your company. To create a brand, many companies would need branding assets, and a logo is one of these assets.Â
To create a great brand, any small business will eventually need a logo. This is where you come in; you and your friends can start offering to help people design their brand assets and other business needs like a flier, poster, ad, campaign, business card, etc. Your friends may be the ones with the design skills, and you may be the ones with the marketing skills, or vice versa.
2. Selling Cannabis Online
Cannabis is an industry that is snowballing. As a result, entrepreneurs interested in this rapidly expanding niche will find plenty of business opportunities.
The Market Study Report estimated the global cannabis market to be valued at nearly USD 20.6 billion in 2020 and to grow at an estimated growth rate of over 28.5% between 2020 and 2027. Here are examples of Cannabis business ideas:
Cannabis Producer
Someone needs to grow cannabis first to produce or sell the products for this market. As a farmer or grower, you can start a company by supplying plants that then process and turn them into products. One can start producing different strains derived from cannabis plant such as Delta 8, Delta 10, THC, etc. If you are interested you can try collection of delta 10 flower products.
3. Content marketing
The majority of businesses out there can’t survive without content. Content is a way for companies to bridge the gap between them and their audiences which means there is a massive market for creators. You and your friend can create a portfolio and reach out to companies within your scope of creation.
You can also start a company for the primary purpose of content marketing. You should hire creators like writers, designers, videographers, motion graphic designers, etc.
4. Dropshipping
The world is transforming fast, and if you don’t know about dropshipping yet, you are missing out on many things. Dropshipping is a great idea because all you have to do is find customers, and the producer/supplier will do the rest of the work. If you have a website, once the customer places an order, the supplier will deliver.
In dropshipping, your friend might be the supplier and is looking for ways to expand their business, and you can offer to be a dropshipper at a commission. It’s a win-win for both you and your friends.
5. Selling digital book
Millions of people still read books to date. You may have unique knowledge and are willing to teach people through an Ebook, but you may need help selling it. This is where your market friends may come in.
You write the book, and they edit it in the manner that it will sell big. Book publishing can be a way for you and your friends to earn a passive income. Over time you will be making a considerable amount of cash because you started with low capital.
Conclusion
The world is moving fast, and you are either ahead or with it. Either way, when starting a business, you should use business models that work in the current reality. It is great to always look at predecessors so you can learn from their mistakes, but it would be better if you could innovate your business idea and take it to the next level. Also, choose from these pool ideas based on your strength and your friends.