If you’re yet to get started on your entrepreneurial journey as a millennial, it is not yet late. The business ideas for millennials in this post will help you get started on the right path.
Maybe you are still in college, or maybe you are already working full-time, but you would really like to have your own business on the side, here are 28 business ideas for millennials.
1. Errand Runner
Most seniors are constantly looking for a helping hand that will run errands for them. Some of these errands include house cleaning, buying groceries, and carrying out other domestic chores. It’s one of the business ideas for millennials that will generate money for you while also allowing you to participate in a social activity.
You can easily assist individuals who are still in school with their schoolwork if you have completed your education. As one of the top business ideas for millennials, this can supplement your day job. Finally, you could go borderless and start offering this service online via sites like Outschool and EasyClass.
3. Become an Influencer
Young teenagers are acquiring hundreds of thousands, if not millions, of followers on Tiktok these days. As an influencer, you’ll be paid for promoting products. You’ll also get brand promotions from major corporations. However, the amount to charge will depend on your following and engagement.
4. Drop Service
Your duty in this business will be to connect buyers and sellers while you keep the difference in the price of the service rendered. With that said, drop service is a type of business in which you offer a service without fulfilling that service yourself.
In drop servicing, you get somebody to buy a service, for example, logo design and then, you’ll use a site like Fiverr to fulfill the order.
5. Website Design
Instead of wasting time watching Netflix or chatting on your phone, use that time to learn web design on YouTube. You can easily create passive money working from home if you are competent at developing websites.
WordPress is the most popular content management system (CMS) online, and YouTube tutorials can teach you how to build WordPress blogs rapidly.
6. Repair Faulty Electronic Devices
If you are tech-savvy, you can easily start repairing faulty electronics as a side hustle. Most people who use a computer device or smartphone do not know how to fix it. In addition, the waiting time at licensed service stations is another burden. Hence, you can offer to repair electronic devices and get paid.
If you are a millennial that is introverted, blogging is your best bet. This business can be done remotely from the comfort of your home without engaging with anybody. However, before you start blogging, you must pick a niche that has lots of passionate followers.
8. App Development
Most young people spend more time on gaming consoles and their phones. What if you could leverage this and create a gaming app? Also, you can decide to code a study app around a particular subject or topic.
For example, one subject that high school students find difficult is mathematics. You can code an app that has all the mathematical formulas in it. This way, students can easily download your app and use it to memorize those formulas, while you make money from Google Admob.
9. Pet Walking
This is one of the millennial business ideas that will allow you to make money while still having fun with your friends. You can get started as a dog walker and hang out with friends while still on the job. Note that your target clients are busy individuals and seniors. Several seniors who are not readily mobile would like you to help them walk their dogs.
10. Become a YouTuber
If you are not nervous and are comfortable in front of a camera, you can start a YouTube channel. You only need to choose a topic to discuss and you’re good to go. On your YouTube channel, you can promote affiliate products or your course. In addition, YouTube’s ads revenue will also make you money.
11. Personal Shopper
There are those who wouldn’t want to do their shopping, that’s where you come in. websites abound that connects people who don’t want to shop and personal shoppers. A good start for this is to go with Indeed.com or LinkedIn.
12. House Sitting
With house sitting, you’ll get paid to enjoy luxury. Some people are owners of multiple houses or vacation homes. However, they don’t want to leave their house bare or rent it out. Therefore, they go ahead to engage the services of house sitters.
As a house sitter, you just help house owners to live in their houses. Of course, you are expected to take care of the home while the actual owner is away.
13. Virtual Assistant (VA) Job
Are you an organized person and good at doing multiple things at a time? Or maybe you are good at social media, the being a VA is best for you. As a virtual assistant, you can help small businesses to carry out some minor tasks while the business owner focuses on other things. Kindly head over to Remote.co for VA jobs.
14. Livestock Farming
Meat and fish make up part of our dietary consumption, this makes starting a livestock farm a viable business. However, when starting this business, it is best to focus on one particular livestock rather than going broad. Also, note that it requires a substantial amount of money to start this business. You’ll need to get a space, provide shelter, stock livestock, buy their feed, medication and provide security.
15. Lawn Care
While most people like a beautifully trimmed lawn, not everybody can trim a lawn. On the other hand, those that know how to do it may not have the time for it. In addition, some don’t want to go through the hassles of purchasing and repairing a faulty mower.
You can start this business by approaching lawn owners and pitching your service to them. However, you must be aware that the major startup cost will go into purchasing a mower and a truck.
16. Personal Trainer
The health and fitness industry is a booming niche, with most people looking to shed off excess fat. In addition, these people are always in search of an accountability partner that’ll always spur them up in the process. That is where you come in as a personal trainer. You’ll be helping people out on their weight loss journey.
17. Flipping Clothes
You can take advantage of garage sales in your neighborhood to buy good used clothes at a cheaper price. These clothes can be sold in places like eBay. In addition, you can wash and package the clothes and resale them at a thrift store for a high markup.
18. Sell on Etsy
Etsy is a marketplace where digital downloadable and handmade crafts are sold. If you are creative and good with craft making, you can easily sell it at Etsy. There is huge traffic on Etsy, hence, you’ll not need much promotion to sell off your craft.
19. Start an eCommerce Store
With a few bucks and a computer device, you can set up an eCommerce store and make money with it. However, do note that even though this is one of the most profitable business ideas for millennials, a large chunk of your revenue will go into advertising.
In addition, your profitability will depend on your ability to sell products with a high markup price. Also, it is best to sell evergreen products.
You can decide to go the self-employed route and decide to be a freelancer. As a freelancer, you’ll be expected to work on gigs such as graphic design, article writing, data entry, and more. However, it is best to focus on a particular niche and become the go-to person for that skill. Freelance gigs can be found on Fiverr and Upwork.
21. Be a DJ
If you love music, you could easily turn your passion into money by taking the job of a disc jockey (DJ). You can start by anchoring your friend’s birthday parties and special family anniversaries.
With a driver’s license and the ability to drive, you can easily start a ridesharing business with Uber or Lyft. This will allow you to work at your leisure while still earning a full-time income. However, you’ll need a smartphone and a car in good working condition to get started.
23. Affiliate Marketing
This is a business that can help you earn money by promoting other people’s products for a commission. At Clickbank, Warriorplus, Jvzoo, and MarketHealth, you’ll find lots of products to promote. Note that blogging, YouTube and paid traffic are the various means you can use to promote affiliate products.
24. Social Media Management
Not everybody knows how to use social media. Coincidentally, you were born during the birth and boom of the internet. You can offer to manage the social media accounts of small, medium, and local businesses. Part of your duty will be to increase engagement, grow the account and drive more sales for the business.
25. Create an Online Course
An online course will enable you to earn recurring passive income. You just have to put your knowledge and expertise about a particular thing into an easy-to-understand manner and your online course is ready. Finally, Skillshare, Udemy, and Coursera are examples of online learning platforms where you can sell your online course.
26. Become an SEO Expert
Paid traffic is increasingly becoming more expensive by the day. Hence, making free organic traffic the best method of traffic. However, not everybody fully understands how to rank their website at the top of the Google search result page. Furthermore, you can enroll for SEO courses, master the game and charge people to have their site ranked on Google.
27. Life Coach
There are lots of social vices among the youth in recent times. However, if you are leading a good lifestyle, this is one of the business ideas for millennials you can earn money from just motivating others. You can easily brand yourself as a life coach for youths and millennials.
28. Consulting Business
One way of profiting from the education industry is through consulting. There are people who want expert advice on a particular topic. Hence, if you are knowledgeable on a particular sector and there’s proof to back it up, that is enough to start a consulting business and charge for your time and knowledge.
How can a millennial start a business with no money?
Millennials can start a business without any cash by firstly identifying what can be done without startup costs. After that, you then approach people who will need your service and pitch to them.
What are the best funding sources for millennials to start a business?
If you are thinking of starting a business, you can raise money through personal savings, asking from family and friends, grants, angel investors, and government funding.
What is the best business to start as a millennial?
The best business to start as a millennial is that which requires little or no startup capital and in which you already have experience.
These are the best business ideas for millennials you can start today and be self-employed. Superior customer service is key if you decide to start any of the business ideas mentioned above.
Out of the business ideas for millennials mentioned above, my best recommendation is to start as an errand-runner. This way, it won’t cost much to get started. However, do check out this post on the best side hustle ideas. It will help to supplement whatever business from this post you intend to start.
Thanks for reading.