The 21st century opened up to new and different possibilities. What seemed to have been impossible, rare or have never crossed the minds of humans a few years back are now realized with a promise of even greater advancements.

One common trend nowadays is the fact that almost anybody can start their own business. A small business is what most people venture into in the hopes of a better stream of income.

If you are thinking of starting your own small business, consider the following below. These are quite popular forms of small businesses and a lot a have already proven its potential profitable business venture.

Network Marketing

Network Marketing or Multi-Level Marketing (MLM) is a type of business model that involves distribution of a company’s products to independent suppliers in order to reach an optimum level of sales. In network marketing, an independent supplier will have to sign up in the mother company to be able to purchase and have the right to sell the products. The “member” who now becomes an independent contractor will be given a certain amount of discount when purchasing the products. The contractor can then sell the product at a fairly higher price. Not only will the contractor earn profits from his sales, but he will also be receiving a bonus from the mother company in case a certain predetermined amount of sales is reached or surpassed. With enough income, the contractor can expand by sponsoring other people to enable them to start their own businesses.

Online Affiliate Marketing

Online Affiliate Marketing is a form of a small business that earns by promoting a company’s products and, or services. The affiliate earns commission from the company each time a sale is made due to his marketing efforts. He may also be able to earn rewards each time a customer clicks the link that leads to the website of the company or when a customer performs an action such as sign up in the merchant’s website or complete a poll question or survey. The affiliate can promote the merchant company’s products by mentioning the product or link in his articles or blogs which are published online. In most cases an affiliate who owns a website will feature an ad or endorse the products in his website and provide links for the users. This type of business is very convenient because it does not involve too much updating or attention.

Business Blogging

If you have excellent literary skills you can start up your own blog site. Starting this business does not require too as much as you only need a computer, a high speed internet connection and a very creative mind. You can blog to endorse a company’s products or services. You can also cook up blogs for certain individuals. The society has acknowledged the power of words, and this is why a really successful blogger can earn more than $10,000.00 a month.

Do Handicraft

If you think you do not fit in the online world, then of course there is an offline world that also offers tons of business opportunities. If you are creative or someone in the family is, then utilize those talents to its fullest potential. You may start with businesses that involve handicraft such as embroidery and monogramming. Although there may be some big companies who give services in this type of field, there are still a number of people who prefers a more personalized touch.

These are just very few examples of small business ideas for you. An even better way is constructing new and unique product lines or services. Not only will you have zero competition for the moment but you will also enjoy the tremendous amount of attention if ever your idea becomes a hit.

Author Bio: Wade B. Hoffman enjoys writing for Extramoneyfromhome.co.uk which offers extra money from home and grants for small business as well as a host of additional services.

Category: Business
Keywords: small business,small business ideas