By reading this article you will get to know many business ideas and you will know where to start from. We have reached-out to experts in the industry and asked them to have a conversation with our team and let us know what perks they get while working at their business.
Businesses are all solving world problems and once you get the track and a problem, you can get to work and help people with their problems.
To get started in today’s world, you must know how to solve modern problems. Before getting to the best business ideas of 2023 it is necessary to get to the bottom of any business.
Ask yourself these questions :
What would you do if you were presented with this product?
Are you using efficient ways to manage business?
Are you using sales softwares to calculate ROI?
Are you keeping track of what is going on at your business?
What is your goal?
Is this your passion or a side hustle?
Do you think you will start generating in some time?
As many people see businesses as a mess, others try to escape 9-5 and let them work hard for the initial stage of their business, spend nights without sleep working hard in the balcony in winters hoping they will get the reward and working hard for it.
Business can help you escape poverty easily and make you rich quickly.
As people look around for new opportunities and try to remain ahead of upcoming trends in business there are certain businesses that are already on the horizon but little known or unknown to many potential investors looking for safe investments. Some of these businesses are evergreen, some are growing and some are fresh.
Based on my studies and research I have shortlisted a few of the potential investment opportunities if someone is looking for business, especially in countries like India and the Middle East. Although there are taxes introduced in Gulf countries they are less as compared to the other countries, especially in Europe and America. The rule is simple: the lesser the taxes the more profit you save. Saudi Arabia is opening up for investors and offers new business opportunities as new cities are built up and older ones are getting extended, there are a lot of things happening in the business world.
Which business would you choose and where would you put your money as an investment to get a good return or at least a safe investment? Here is the list of my own experiences during my stay, research and observation in the Gulf countries for a few years.
Many rich people continuously flow their wealth in Dubai looking for a ready-running business. On the other hand, there are some who build a business and sell it once it is profitable. There are others who have built a good business but their children have settled in Canada and UK so they don’t have anyone to run their business. Instead of winding up a business that ran for around 20 years, they prefer to sell it for any good money they get. There are plenty of advertisements on local websites and newspapers announcing such sales. You must be able to check out if the business does not have any liabilities or hidden debt.
Check out for investors from Ukraine, Iraq and other war-torn countries where rich people are looking for an escape to a smooth business.
They are the main buyers. Ready-running restaurants, boutiques, and villas can be a good option if you get into this business of buying and selling.
It can be a little difficult for those who are new but if you are able to spot a good built-in AI buy it or be a partner in it. Then you only have to sell and market it. The budget ranges from 30k USD onwards. AI is going to be in trend for a few more years, till then buy and sell AI by keeping a watch on what’s new. Join groups hosting AI discussions, watch videos and learn more before you join.
Digital Marketing –
It will continue to be the top choice of many freelancers but to turn a skill into business requires the mindset of a businessman. Assembling a team of Freelancers in video editing, copywriters, SEO experts, graphic designers and getting work from clients will be very fruitful in the coming months.
It is still trendy and has grown very fast in the last two years. Be selective and choosy as to which products and services you will sell. You don’t have to invest heavy money but a lot of focussed time. Sell through your page or podcast or channel and you don’t have to even run or host them but hire others to. If you want to play safe pick a collegian or school cousin or relative from your circle and ask him to host your video talks.
Online Coaching –
Many countries now allow online business, e-commerce and online coaching licenses too. Children of NRI who appear for NEET, CET, CBSE Board exams etc require online coaching. You may hire Indian teachers and sell their services in the UAE for coaching for competitive exams whose fees are very high.
Turkish Dresses Boutique –
Go to Turkey, set up with some designer and start running a Turkish boutique in a predominantly Arab locality like Shaikh Zyed city or Alain
city. It has a good margin but you must be able to do good in shopping and selling fabrics and dresses. If you can pick good tailors and embroiderers from Varanasi and Azamgarh, India you have talented fashion designers who can design, cut, stitch and pattern any dress whose picture you show them.
Just like other businesses, this one too needs
Kitchen Service or Small Restaurant –
Many families have shifted back to India and Pakistan due to high prices and slack. However, those bachelors remaining back require lunch and dinner. Some even want ready breakfast too. You will require a team of two chefs and two helpers cum delivery boys. Prefer to buy a sick restaurant to save your other expenses and time. You can transfer a business in your name in two days. But bargain like a miser and buy at a good price. Be careful of becoming an investor in a sick restaurant. Buy it, build it, run it (or sell it)
Build your team in India, Hyderabad, or Pune who can build apps and maintain websites. You may even give outsourced work to those who do freelancing. Now set up an office with an E-commerce license and Software building license or Marketing license. Get orders from Dubai and outsource them to India.
3D Printing.
As of today, 3D printing is a fast-growing business and is being introduced into the education, construction, interiors, and hospital sectors. There is a shortage of experts and specialists, who understand 3D printing and know how to operate those machines, flying in the face of the fact that desktop 3D printers are becoming more and more user-friendly. All this makes teaching 3D printing technology a promising career/business. Hire an expert and teach 3D
printing, Get #D designs done by experts and sell them online, and give such machines on rent.
Management Consultancy –
From health, education, new business or investment, every sector now requires a consultant who can help the clients save, time and money. If have any experience of managing anything between 25 to 200 people for a few years, you have a leadership quality that you can impart to your clients because consultancy is nothing but a professional type of coaching your client in building business strategies and Management.
You should be able to build your own strategies which would be discussed with your clients in the matter of interviews of recruiting new staff for facing a crisis because that is where consultancy is required in management. You just cannot be a fresh MBA who would see some videos and read books and call himself a consultant for the top I have yet to come across a consultant who has not worked for at least a decade or half in a multinational or a big company because consultancy is a nothing but richness in experience during the previous working years.
I have known and worked with famous Consultants and I have also read their books through which I have discovered that they have experience working on strategies right from the early days of their jobs and after 10-12 years they end up as a consultant either in management or in sales.
Alternative medicines are a fast-growing sector that will grow vertically in the coming months. This business will earn more than MBBS doctors who spend more than half a million dollars to become one. Yoga, herbal, diet counseling, acupuncture and massage are among the fast-growing business services globally. Even supplementary tablets are seeing a growing demand. Two of the reasons are – Expensive medical treatments and fear of side effects. People have started trusting CAM more. A few months back, the Government of India and WHO signed The World Health Organization (WHO) and the Government of India today signed an agreement to establish the WHO Global Centre for Traditional Medicine.
This global knowledge center for traditional medicine, supported by an
investment of USD 250 million from the Government of India, aims to harness the potential of traditional medicine from across the world through modern science and technology to improve the health of people and the planet.
You don’t have to be an influencer yourself but build a connection with them, prefer micro-influencers with 40-60 k followers on social media and offer them your client’s products. Avoid glamorous TV artists because people just follow them to see them. Prefer educationists, health specialists, fitness gurus, chefs, authors, coaches, show hosts, podcasters and offer them 75 percent of fees from clients and keep just 25 percent for you. It will still be a huge collection. Influencers are scattered all around.
Prefer, Arabs British and Indo-Pakistanis who have a good grip on the minds of their followers. You require a digital marketing company and the ability to communicate with social media stars and a team of salesmen who can persuade clients.
When I began coaching life skills, I discovered it’s an unmeasurable treasurous opportunity. In one year I have hosted no less than 50 different paid workshops on topics ranging from selling skills, web presentations, teen management and self-management. Now I invite other coaches to come on my platform and perform. They teach and I share the earnings. It is a constantly growing sector not yet recognized by Wall Street Journals or Forbes. My biggest source of income is Life Skill coaching and I hope it grows vertically even this year.
A very lovely business to start but step in if you are in the field of teaching or homeschooling your own kids you can stand a chance to succeed, especially if you are a mother or a female or have some educated women in your family. You do not require a lot of money to build nor do you require any app with automatic teaching, just marketing skills to promote and let people know about your homeschooling. The first step would be to listen
to talks by parents who do homeschooling, second, explore books available for homeschoolers and boards that allow them to appear for exams. Take consulting fees and see how many people pay you, but be affordable.
If You Cannot Build, Join It-
Be a partner in an already successful YouTube channel or a Social Media account that runs successfully on affiliation and paid marketing just as Nisaar NadiadWala’s Course. Don’t invest too much but calculate the amount of prophet or collection they make every year. Prefer a channel on education, family life, health and fitness instead of political, entertainment or comedy shows. The returns will be fast and the value of your channel will increase. I would suggest you to join any cafeteria or any running business as a partner but keep a watch on the accounts and choose a very honest person with integrity.
Author Nisaar Nadiadwala guides investors and fresh businessmen. He is coming out with his first video course on Business- Pre Investment Lookouts- A Guide for NRIs and Pakistanis abroad who want to invest back home. Reach him out for a word of advice on your business prospect
I do a very limited number of one-to-one sessions. This is perfect for anyone who needs a more personal approach, and someone to guide and walk them through the whole process making my way to the top sales trainer and Business Coaches.
