Hello fellow Redditors! As we get closer to 2024, I’m genuinely interested in hearing your thoughts and insights about the most promising small business ideas for the upcoming year. Whether it’s a trend you’ve been keeping an eye on, a niche you believe is gaining momentum, or a personal passion you think has the potential to become a successful business venture, I’d love for you to share your recommendations. Your unique perspectives and ideas can truly make a difference. Let’s have a friendly and inspiring discussion about the exciting possibilities for small businesses in 2024
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Home Improvement Consultant: Working with the homeowners on contractor selection, vendor communication.
Use Case: Client wants to finish their basement, but doesn’t have the industry knowledge or time to research to make the right decision. Client also doesn’t feel like putting the time in to talk to / coordinate with all contractors.
This company would call the flooring guy, electrician guy, plumber guy, entertainment guy and piece the basement together for the homeowner and they would manage the process from beginning to end.
Average cost to finish a basement? $15K-$75K, let’s call it $40K. 15% of $40K for a 6K profit. Price goes from $40K to $46K and the homeowner doesn’t have to deal with it.
$6K x 24 per year = $144K
Whatever it is, it’s gotta exist in an economy where people have less money than they need to survive.
I’ve owned a game store for 16 years and we excel at having affordable options of entertainment. Most local people can’t afford $500 consoles & $60 new release games.
They can afford a used Wii, PS3, Xbox 360 and we have bins and bins of $10 & under games always buy 2 get 1 free. Near endless supply of cost efficient entertainment.
Also we provide a service of handing out money. All day we’re buying. You can walk in with TCGs, Video games, and consoles and get 40%~ of your collections value in cash. (25% more in store credit)
Even as a small store in a small town, we pay out about $1200/day in cash. This is factored that people drive a hour in every direction to come here. That said we do unfortunately attract a lot of “shady” side of this business with shoplifters who sell shit to us and drug addicts who likely stole shit. We tag items, take ID and have 24 cameras in the building.
E-commerce selling one product worth $25 or less. Hit that impulse buy.
I think there is a lot of opportunity in massage. In my city things are either ridiculously overpriced and hard to book, or cheap and sketchy.
A middle of the road service, with nice amenities, managed professionally would do well I think