Startup Business Ideas 2014
Founding a new startup that excites you or makes more money than your current source of income can be an empowering way to bring in the new year. If you have a dream and an internet connection, join the college students, retired executives and stay-at-home moms who paved a path to startup success before you. Using a website to launch a business has never been this easy. You could be just a couple of months away from reaping revenue from your first client. Here are a few startup business ideas 2014 has for new entrepreneurs.
1. Curated product sales
How it works: A curated commercial website is a shop that advertises products from a variety of different merchants. It can be exciting and lucrative to curate a particular niche market or brand style that reflects your tastes or those of a target audience you're reaching. Become a brand leader and advertise the website with a blog, email marketing campaign and social media platforms that build a reputation in the target category.
How it earns revenue: From an affiliate partnership agreement with each of the vendors in advance. You earn a percentage of each purchase.
2. A hobby blog
How it works: A blog about a hobby or personal interest can be a powerful platform for industry news, expert advice, personal memoirs and tips and drawing thousands of readers that visit repeatedly and build a community.
How it earns revenue: Once you create a sizeable reader following, vendors will be more interested in partnering to sell ads, which can give you revenue through affiliate advertising. Place product advertisements related to the blog's category on sidebar, in-text or as banner ads, and the vendor will pay-per-click or per purchase, depending on the agreement. Pay-per-click advertising pays between $2 and $20 per click.
3. Commercial networking website
How it works: A website that links businesses and consumers for employment, dating or a virtually endless number of commercial categories involves recruiting vendors and consumers that exchange services and payment that will benefit one another and pay your website a portion of the sale.
How it makes money: The website can collect a membership fee from the vendor, member or visitor, or partner with the vendor and earn a percentage of each purchase. Contracting affiliate marketing for products related to the business category featured on the website is also an option.
These are just a few of the many great startup business ideas 2014 has in store for new entrepreneurs. With the right knowledge, resources, ability, and persistence anyone can start and sustain a profitable business in the year ahead.