Profitable business ideas for young people in the USA
Business success comes at any age, but there are some people who seek to generate money earlier to spend at their convenience. If you are one of these, Hispanic Entrepreneurs We recommend you consider the profitable business ideas for young people in usa. that we choose
Being a young entrepreneur is a great opportunity to start a first business because it is a stage in which we do not have so many financial commitments. Besides, you have support and advice from teachers and mentors. Developing a business idea from a young age allows us to obtain valuable learning. By taking advantage of the time you will be one step ahead of the competition.
The motivations for embarking on this adventure are diverse, but the fact that they want to be a reference in their field stands out. Being self-employed, having your own hours and at the same time fulfilling your dreams are other reasons. His goals go beyond making money.
Young people have been shown to be more entrepreneurial than older people. There are a large number of 18-34 year olds who have achieved success and are recognized for their work.
Other elements that have pushed them to make this decision are:
- The world economic crisis.
- Interest in entering the competitive world of work.
- Access to university is more competitive.
- Changes and advances in technology.
- The expansion of networks.
Young entrepreneurs are characterized by substituting their lack of experience with their ability to work as a team. They attach great importance to training and invest time in improving in this aspect. They focus on trade, information and communication technologies, tourism, green economy and customer service.
Tools for young entrepreneurs
Some criteria can guide us so that business ideas can be developed and operated by young people. These will need to adapt to schedules and will have limited resources. Especially if they are teenagers or are in college.
One of the important tools is to have empathy. That is, knowing how to listen to the client and putting oneself in their shoes in order to satisfy their needs and succeed. If it is a startup, it is good to use the Canvas business model. This helps to create and analyze models in a simpler way and is based on the value proposition it offers. Likewise, Launchpad can be used, which is similar.
Use the least amount of resources while validating the idea and making sure it has the potential to solve your ideal client's problem. Also be willing to pay for it.
It also uses Product Market Fit, this process applied to adjust the product to the market and evaluate profitability. It serves to know if the product meets the needs of the consumer and their loyalty.
Meanwhile, tools available to Google such as Google Analytics, Google Console, Google Trends and Google Ads are essential for entrepreneurs. If they are young, even more so, because they surely know how to use them. They will be able to improve the website and locate trends for its contents.
Entrepreneurship does not mean that you have to abandon university studies. On the contrary, you have to take advantage of the method, discipline and the foundation that the university gives you. As well as networking, connections and other skills to polish the profile of an entrepreneur.
Profitable business ideas for young people in the USA
There are many businesses suitable for young people, they have the option to start with traditional ideas or focus on innovation. Here are some alternatives that you can study.
1-Video game center
Everyone enjoys video games, but the majority that play them are teenagers and young people. It is easier for them to relate to this type of public, which is the one that pays to use the machines and rent the games.
2- Grocery business
Young people can try setting up a store in their neighborhood, a family-style business that requires little capital to start. We must take advantage of the fact that people regularly visit grocery stores to supply their homes.
It is easy to establish and it is profitable, you can have a flow of cash every day. You just have to make sure to investigate what type of products the inhabitants of the sector request to put together the store's inventory. It is very sure that attending to it will not consume all your time, and you can dedicate yourself to your studies at the same time.
3-Cleaning company
Un cleaning business covering your neighborhood and surrounding areas is a good place to start. Offering cleaning jobs to households can mean earning good money. Focus on aggressive promotion so they get to know the company quickly.
4-Technical service
Young people have a good relationship with new technology and understand its basic concepts. So they can earn money by helping others with their tech gadgets.
One way to get started is to offer help to neighbors, friends, and acquaintances to sync their phones with their tablets, set up Wi-Fi, or turn off subscriptions. Also, solve problems with the sound system of a nearby organization.
5-Web design
This is an easy and profitable business. The sitios web they are essential elements for all businesses and organizations to connect with customers. The demand for this service will continue to grow in the coming years.
If you have knowledge in this area, charge by the hour to design the pages or ask for a monthly advance for maintenance.
6-Academic tutor
Mastering a particular subject gives you the advantage of being able to offer your services as a tutor. It is a good way to start in business because you use your time at times that suit you. Apart from earning money you will enjoy meeting new like-minded people and learning new things.
Help students with difficulties at home or in your own premises, in groups or individually. When you have more time and clients, go ahead and put together a team and open an academy.
7-Graphic design
Other profitable business ideas for young people is to provide graphic design services. Use the various design programs to create images, logo proposals and videos, for example.
Promote them on social networks to attract your ideal client. Monetize your skill with just your knowledge and a computer. It is an area with potential, since all companies need to contribute to marketing and commercial complementary services.
In case you do not handle a topic, hire freelancers according to what they demand of you.
8-E-commerce
Among the businesses in constant growth we find the eCommerce. Sell products online or create online stores for other businesses. Nowadays it is very easy to do it because there are platforms that help you create the store from scratch. On the other hand, there are marketplaces that make the sales process easier for you.
9-Software development
It is a field of great demand and permanent development, it is also well paid. In case a company does not hire you all year, you have the opportunity to work with several for projects.Also, try to join groups of developers who, when they become overloaded with work, will need your support.
10-Commercial intermediary
Do you have the skills to connect a seller with a buyer? If the answer is yes, then working as a broker is for you. With this action you earn by commission and you will cover different fields. Pay attention to entrepreneurs who want to get out of stock quickly, sellers who are overwhelmed or first-time buyers.
11-Garden care
The ability to take care of gardens also becomes profitable. Around you there are many that need attention and maintenance. With a lower price you will be able to attract customers who most of the time are not willing to spend large amounts in these areas.
12-Food Truck
It will be great to use your skills as a cook in your own restaurant. It is best to opt for a food truck that is popular and cheaper to start.. You will have the alternative of choosing in which part of the city or the country to sell your preparations. You just have to comply with the permits and licenses because it is about the sale and handling of food.
13-Service provider
In the business world there are many niches to exploit and providing your services would be a good chance of success. It will depend on your skills and knowledge.
If you are a nurse you could focus on caring for the elderly. On the other hand, if you have trained as a personal trainer, dedicate yourself to freelance service in gyms or in a park. Even babysitting is an excellent choice.
In the same way, it is feasible to form a team of experts in a small company to attend to emergencies.
14-Car maintenance
Your passion for cars can serve as inspiration for open your own mechanic shop. Most people need to perform checkups, oil and filter change, cleaning, etc. And it is difficult for them to find the right specialists for it.
You could even specialize in classic or sports car care. Their owners are always willing to spend large amounts to keep them operational.
15- Community Manager
The companies that arise need a person in charge of their social networks and who maintains them on a daily basis. Starting a small Social Media agency to offer your services to those who want a digital presence is a profitable idea.
16-Rental properties
Another great profitable business idea for young people is renting space by the hour to freelancers who choose to work away from home. A proposal similar to coworking. On the other hand, it is possible to succeed by renting the place to a small academy or on Airbnb.
If your future business is not here, but you have a strategy and resources to carry it forward, don't stop.
Success stories of young entrepreneurs
There are thousands of examples of successful experiences led by young people. They have overcome obstacles and are an example of struggle and perseverance. An example of this is that of Erik Finman as recorded undertake-easy.com.
At the age of 15, the goal was to give adolescents more opportunities in the educational system.
He used a $100 gift from his grandmother, converted it into Bitcoin, which soon turned into $20. Through its platform botangle.com it offers online tutoring for teenagers and has XNUMX employees. Its objective is to be the solution for those who cannot or do not want face-to-face classes.
Tavi Gevinson from Chicago founded the renowned online magazine Rookie Magazine. At the age of 18, she became one of the most influential people of her generation in the United States. At age 11, she helped transform the fashion blogging business. At 15, she was already the editor of her own magazine that generates 4 million monthly visits.
Megan Grassell from Indiana decided to start her Yellowberry business at age 19. She did so after realizing that there was no suitable underwear for teenagers after accompanying her 13-year-old sister to buy a bra.
His business sells underwear for young people of that age, started with 42 thousand dollars that he raised in an online campaign.
For his part, Robert Nay created the Bubble Ball application at the age of 14. It had more than a million downloads in its first 2 weeks. The game became number one in the Apple Store over Angry Birds. Nay is currently the CEO of Nay Games, his own business.
Latinos have also stood out, such as the Mexican Jordi Muñoz who, together with Chris Anderson, formed 3D Robotics in 2009. He was 22 years old at the time and achieved success manufacturing non-military drones. In 2018 they joined Yuneec, a leader in consumer and commercial unmanned aerial vehicles. It even became a supplier to the US government.
If you want to know more about How to finance your company in the USA We invite you to continue reading on our website.
Related Notes: