7 Youth Entrepreneurship Ideas

We are in an era of unprecedented change. 

With all the uncertainty in this world, entrepreneurs should not only focus on making money, but also protecting their assets. The unpredictable nature of the new age means that business insurance is as important (if not more) as it ever has been.

Advancements in technology mean that you can do almost anything from the comfort of your own home, including getting online insurance quotes. This is a millennial’s dream - being a business owner, experimenting and finding innovative solutions to the complex problems of the new world. 

However, if you are still trying to find your great business idea, then we have 7 self-employment businesses that you could explore:

  1. Graphic Design - From designing marketing material to creating stunning designs for presentations and brand identities, there are many opportunities in the design sector.

    There are a number of online courses and tutorials to teach you the basics of graphic design, however, it takes practice and dedication to get really good. It also helps if you’ve got a bit of creative flair.  Additionally, having the ability to find and keep clients will be key.
  2. Web Development - There is a huge online audience and for most businesses, having a website is essential. This is why web development skills are so valuable. A great website could make or break any company and if you can use your skills to cater to your clients’ needs, then you could make a lot of money.

    Start by developing websites at competitive prices and then slowly transform it into a more lucrative business based on the strength of your portfolio.
  3. Social Media Manager - A company’s social media presence is a core part of its brand perception; it’s how the company connects to consumers quickly and effectively. If you are social media savvy and understand how the platforms can benefit businesses work, you can use that knowledge to start your own social media marketing business.
  4. Freelance Content Writing - If you are a skilled writer, then you can use your talents to create a lucrative freelance writing business.

    You can write content for a number of things such as product brochures, company newsletters or even blogs. You can diversify and take on editing or proofreading jobs. A great advantage of freelance writing is that you can earn money remotely as many clients will be online.
  5. Data Analysis - The world is data-driven. Now more than ever, there is a large demand for someone who can synthesise large amounts of data and create practical insights. If you like breaking down numbers and making them simple, then this is the business for you.
  6. Online Store - An e-commerce store is a great way to make a living. As more people do their shopping online, you have access to a large clientele. The trick is providing goods and services that are constantly in high demand, and marketing them properly. Once you figure this out, then you can start making money with minimal effort.
  7. App Developer - Digital apps are more popular than ever, and people are willing to pay good money for them. If you know how to code, all you need is a unique idea you can run with.  The internet is full of resources and communities of like-minded people to help you along the way.

The new world that we live in is full of opportunities that you can turn to your advantage. All you need is a set of skills and the determination to see your vision through. So go online and do some research, you could be well on to living your way and be the world’s next great entrepreneur!

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