Imagine you have a well-planned strategy, one that includes financial freedom, reaching educational goals, building a family, and ultimately “relaxing and being taken care of.” Unfortunately, statistics show that only 8% of people actually achieve their goals. But don’t lose hope! This is just the starting point. Read on for tips on how you can be part of that 8%.
Globally, there are over 332 million small and medium-sized enterprises (SMEs) and that number is expected to continue growing. This is because SMEs contribute over 40% of the world’s income and 43.2% of Nigeria’s GDP, making them a crucial component of any country’s economy. With this in mind, there is still plenty of room for growth in the SME sector. Why not take advantage of this opportunity?
Here are five profitable small business ideas to start in your 30s:
E-commerce
With technological advancements, you can start and manage a business from the comfort of your own home. Set up an online store that sells to the global market using your mobile device or PC. Understand your target market and competition, choose the right product to sell, and have a reliable delivery and payment system. Consider using platforms like Shopify or WooCommerce to set up your online store and make it easy for customers to purchase your products.
With over 3 million eCommerce platforms and social media at your disposal, success is just a few clicks away.
Couture
Fashion is one craft that has gained a permanent foothold in the business world. Find a craft that speaks to you, whether it’s designing or crafting outfits.
You also need to have a passion for fashion and design, as well as a good understanding of the fashion industry. You may want to consider taking courses or learning from industry experts to improve your skills.
Building a strong brand and an online presence is also essential to reaching a global audience; use technology to take your brand global.
Event Planning
Inspiration is everywhere, from Eventful to Zapphaire events. In Africa, there is love for parties, and there is ample opportunity for more event planners to enter this niche.
To be a successful event planner, you need to have excellent organizational skills, a creative mind, and a passion for bringing people together.
You should also have a good understanding of the event planning process, including budgeting, marketing, and logistics.
Building a network of reliable vendors, such as caterers, florists, and entertainers, is also essential to running a successful event planning business.
Start by identifying the type of event that appeals to you the most, so you can earn money doing what you love.
Photography
As a photographer, you have the potential to earn income from multiple sources.
Photography covers every aspect of business, including;
- Event photography
- Commercial and product photography
- Portrait photography
- Social media photography
- Real estate and property photography
- Fashion photography, and
- Wildlife and landscape photography
Choose the aspect that interests you the most and build a profitable venture. Start by acquiring technical skills to produce high-quality images.
You may want to consider taking courses or learning from industry experts to improve your skills and learn about the different types of photography.
Building a strong online presence and portfolio is also essential to attracting clients and growing your business.
Food Making Business
Everyone needs to eat every day, which is what makes this one of our top five profitable businesses to venture into. Whether you’re creating new dishes or producing popular staples, there is always a demand for food.
All you need is a good understanding of food safety regulations and a plan for sourcing ingredients and supplies. In addition, having a strong brand and online presence is essential to reaching customers and growing your business, as is creating a unique and delicious product lie.
In a Nutshell
These are five of the most profitable small business ideas to consider starting in your 30s. With the right strategy, you can turn your entrepreneurial dreams into a reality.
Leave a comment