Top 10 profitable business ideas for 2022
5 million 388,282 new businesses
were started in the us in 2021. This broke the record of the previous year when
over 4million new business applications were filed in the United States. After
two record breaking years of people starting their companies the trend is not
slowing down according to quick books report there could be over 17 million
businesses set up in 2022. This prediction comes from a survey where quick
books asked 8,000 employees, where they wanted to quit their jobs to start a
business. It turns out 57 of those asked would love to start a business and one
out of five will make the leap in 2022. If you're an entrepreneur who's willing
to start this year you might probably be wondering if there are any ideas that
are left out there. Everything taken there are so many companies people are
doing so many incredible things. Is there still any problem that is not solved
yet or are there any other ideas that are waiting for me in reality. There are
plenty of ideas out there in the world for entrepreneurs who are willing to go
deeper and who are willing to change people's lives. In this blog we're will be
going through several business ideas that I have generated for you in the past
few weeks. I live in Pakistan and I talk to entrepreneurs on a daily basis and I
keep asking them what the problems on the market that they see are. I also
noticed some opportunities myself so in this blog we're going to talk about
creative things, we're going to talk about crypto we're going to talk about
different business opportunities. Before we dive into the ideas, I just wanted
to remind you that business is hard managing a team is hard and the hardest
thing is when you don't really believe in the problem that you' resolving.
Because not believing in it doesn't give you enough motivation to overcome those
problems. So whenever you're listening to those ideas make sure that you choose
resonates with your heart. It's okay that you don't find an idea in the next
few months. It takes a while to find the right idea it takes a while to
identify the right market it takes a while to build a team. But it all starts
with this little spark in your mind when you hear some problem when you hear
about an idea and you're like "I'm the one to do this."
Let's talk about top profitable business ideas for 2022.
The first business idea actually
comes from me. As a creator i rely on stock footage a lot. Some b-rolls that
you see in this Blog are actually purchased from a third party. There are
different platforms out there like story blogs like shutter stock. But the
problem with every single platform is they try to curate high quality content.
When the end purchaser a YouTubeer I don't need high quality content. I want
content that is relatable. I want content that is made with the phone. You know
sometimes you look at the pictures and the faces are plastic they're not like
real people they're polished they're over Photoshop the light is too perfect. I
don't want perfect footage. I want real footage. If I’m filming Stanford I
would love to buy some students footage made with his iPhone when he showed his
you know class. Or when I’m filming about an airport, i don't want this 4k
beautiful plastic person going through customs and waving people. I want real
footage made with iPhone when somebody's traveling just recording there. You
know dirty seat and economy class or overcrowded airport I want real footage so
i think it's a great idea for you creative people out there. create a platform
where people submit real life footage made with their phones even with a
camera. but that doesn't look too polished and doesn't look like it's from
another world.
The next idea and it's actually a
problem that i experienced myself and i just found a solution but i also see
the market growing like crazy. Over 60 million people in the us own crypto i
sold some crypto in 2021. Now I have to file taxes you know what happens when
you sell crypto with coin base. For example they never account for the money
that you actually spent buying crypto so. For example last year I sold five
thousand dollars’ worth of crypto. Coinbase just gives me a report saying you
made five thousand dollars in profit which is not true. I actually spent I
might have spent even six thousand dollars buying that crypto, so I made a
loss. But for some reason major crypto exchanges just don't do it like and what
i had to do, I had to download a csv file and manually create my calculations
like okay i sold this crypto. but this is when I bought it back in 2019 and
that was the price actually lost some money here. This is my tax loss
harvesting instead of just five thousand dollars in profit. So basically this
does not exist with major brokers. You have to do things manually and this is a
huge market opportunity and there is actually a company doing this.
The next segment of this blog is
sponsored by them the company is called Koinly, so they basically realize that
there is this huge problem people need to file their taxes going manually
through a file through a dock is not something. Allot of people are used to
doing when you know there is an app to optimize every part of our life so they
built this app to optimize the tax filing process for people, who bought and
sold crypto. Koinly tracks every transaction in all of your crypto accounts and
it creates those reports for you. So basically what you do, you connect your
crypto wallets and crypto accounts to Koinly and they automatically start
collecting information. That you need to file your taxes there is a simple
dashboard to track your overall portfolio and it allows you to produce all
kinds of reports. Another thing that I noticed like in binance it doesn't
really show you how much you've made with crypto. Like it shows some
fluctuations but it doesn't show you like you spend five thousand dollars. Now
they're worth like seven thousand dollars so over all. Your portfolio made two
thousand dollars, of course you need to sell to actually get the profit but
there are no reports like that and Koinly solves that problem. It is free to
sign up so there is no reason to not give it a try the Koinly. I strongly
recommend using Koinly to file your crypto taxes.
Now we talked about Koinly who identified this
market opportunity. But what i also wants you to understand whenever you
identify a problem the first thing that you would do is google. If anyone is
doing something i also want you to understand that. If the market is big enough
there would be opportunity for several companies just like with ride sharing
apps we don't just have uber we also have lyft and we have local players. Like
with travel we have expedia we have hotel.com. Yes they have the same owner but
there's a different thing. So every market has capacity for a lot of different
apps because there are different angles with which you approach your customer.
There are different perks that you can add so don't be scared away by a lot of
competition on the market. I would be scared away if you identify the market
and there is no competition because it might be a good sign. There is no demand
for the product.
The next idea is real-time street
parking so were cently got a cadillac and it actually shows you free parking
lot. So you basically just go using their navigation system and they would tell
you like hey especially in San Francisco it's a huge problem. So it's available
in my car but it's not available in my other car because it just doesn't have
this system. So having an app that would collect footage from cctv cameras that
would integrate with the city's parking system and would allow you to see where
parking spaces are available. Could be a great solution could be a great local
solution for your town. But it could also grow wider nationwide check this
market out, I think it's huge and another ideas i also had. But this is like a
bigger startup Silicon Valley style idea is check out with your license in a
car like we have so many drive-through things we have McDonald’s we have
parking where you have to pay. We have driven through stores what if instead of
giving some one the car or paying for the parking with a meter you just get
automatically charged by your license plate. Of course there are security
issues of course there are things to think about but tesla is already doing
this with charging. If you charge your tesla you don't need to scan your card.
The charger recognizes the car and the bill goes directly to your credit card. Why
can't we do this for every car and for every business that is drive through.
The next one is a great idea for
remote places, fore example i live kind of far away from the nearest grocery
store. It would take me 10 minutes to drive to the grocery store if i order a
delivery i pay extra and sometimes it takes three to four hours. There are
services that offer this 10-minute delivery and they are good for big cities
and there are several apps like that in New York already. But for remote areas
like mine what if we could have an automated store on wheels that comes by your
house with all of the necessary things. Because when i order things milk for my
babies’ formula for my babies or eggs or bread so something very basic. What if
we have those automated stores they could be driven by people right now? But
later they could be robots and they come by your house like those ice cream
cars with this funny sound they don't have to make funny sound. But any ways
come driving by residential areas at a certain time, so that you don't have to
go somewhere. If you're an elderly person you don’t have to get out of the
house and carry those bags this store could bring all the essential goods for
people who live in remote areas. This is the business that is actually really
easy to start all you need to do is buy things let your neighbors know and
start going to neighborhoods and see how that works. The next thing is would be
really relatable for parents so when I had my first kid i was worried about
everything i even go there this little. I think it was called owl sock that you
put on the on baby's feet and it tracks their breathing rate. Just because i
was so worried that she would stop breathing and um when I told my pediatrician
about that she was like marina you're over reacting and like having this heavy
sock on her. Because it had some metal things could actually affect the way her
hips are developing. So she was like marina come down but i was still like i
want to make sure so I woke up every two hours and then just to check on my
baby what if we have an iot pacifier like a smart pacifier. Because my baby
sleeps with a pacifier through the whole night that tracks if the baby's
breathing. If the temperature is okay may be run some quick tests on saliva
okay there are different parents. There are parents who would tell me like marina
is you crazy like let your child live a normal life. so something like that
that doesn't really intervene with babies body development and also really easy
to install like that sock. It took me a while to put it on correctly the
pacifier you just put it in the mouth the baby's a sleep and as a parent you
get some peace of mind. I just see how many monetization options there are
first of all buying the pacifier itself and then having the subscription to an
app that tracks everything.
The next idea also in terms of
like startup cost would be cheaper compared to other ride. As in this blog this
is seasonal decoration rental every year Christmas trees. All of the things
that you want to put in your house and sometimes you want to decorate because
you have a party the next year. You’re traveling and the year after you realize
your decorations don't look as good so providing people with decorations for
their Christmas trees with different themes. Also having someone to come and
install those maybe Easter decorations just having this easily done and
available for people could be a great business idea.
The next business idea would help
us save a lot of time. Because it focuses on summarizing podcasts and YouTube
videos. One of my favorite companies morning brew which is basically a
newsletter that comes into your email every day for free summarizing.
everything that's going on in the world from viral tweets to you know what's
happening in different countries created by amazing writers it was acquired for
75 million dollars. Their monetization they sell ads in the newsletters. i
think there are smaller niches you don't have to talk about news everywhere. But
you could have a small niche like you're summarizing content from business
related podcasts during the week. what garyvee said who was a guest on this
week in startups. What just in khan talked about in his video was there a new
video from garytan summarizing everything that's going on especially for
podcasts. i feel that with videos you can just you know kind of scroll and you
see the chapters and like for me visually. It’s easier to understand what the
video is about. However with podcasts you can't really tell what's going to
happen on minute 32 unless you're like scrolling and pausing to listen. So
summarizing podcasts or YouTube videos in a certain niche building that email
list and then selling ads in those emails could be a great business idea for
2022 when we have a lot of content on different topics.
Then the next idea is more tech
heavy so we're talking about meta verse we're talking about ar and vr and i was
listening to mark Zuckerberg from Facebook. He was basically saying that yes
having glasses makes it more real but the thing is what we don't have in
virtual reality yet is that we touch things in meta verse. Where we don't
actually feel that we're touching things in reality because what we need right
now is this thing called haptic glove. So when you touch something it actually
creates the feeling that you are touching something in real life and once we
have that. Once we can feel things with our body this is when we have like the
real Meta verse. When we can actually press a button in Meta verse and we feel
that we're pressing it in real life. This is where a lot of research goes this
is where a lot of money is going into. So if you're the type of person that
loves technology when we talk about technology you don't have to understand everything
that's going on. I think when we talk about entrepreneurship it's all about
being able to hire people give them the right direction and being able to hire
talented people. So we're excited about technology think in that direction
thinks about that market haptic glove research.
My last idea is inspired by a TV
show called emily in Paris, i basically loved every single outfit. They are
kind of they have their own taste but i really like that bright kind of style.
I was like how do i get those, so i found an Instagram account where you could
actually shop their styles. That was created by some of the fans of the tv show
just like i was and i thought why is there not a platform. This could be a
great marketing platform for the brands out there where you collect looks and
outfits from different movies. So you could go that platform you could go click
emily in paris and then you have all the things you could buy. Those outfits
could be coming from brands directly or they could be coming from people who
already own them. Because i guess if something appears in a movie it goes
really quickly. So building this marketplace for out fits that were in the
movies and also may be having more affordable versions of those outfits could
be a great idea. Even my husband he watched billions. This guy who's the main
character there he was inspired by his style so he was looking for something
similar. So into like stores like theory looking for codes like minimalism kind
of style. It would be really cool if it could go online select billions and see
all the out fits that were worn during the filming and buy the same kind of
stuff.