These days, most up-and-coming entrepreneurs are too obsessed with remote workflows, working from home and creating global online businesses. While those ideas are perfectly fine for most startup choices, one of the biggest problems they run into is sustaining their companies. When it comes to creating a long-lasting business, it’s all about focusing on ideas that are scalable for your startup.
So to help you out, we’ve put together a list of excellent startup ideas that focus on scalable opportunities. This means that these businesses can work perfectly fine out of a small room in your home for now, but also have the ability to scale to larger warehouses and huge production lines in the future.
Creating personalised products for individuals and businesses
One of the most popular startup ideas today is being able to create personalised products for individuals and businesses alike. For instance, wide format poster printing is an incredibly useful service since it provides other businesses with a much-needed product. For example, if a retail store is launching a new product then they’ll likely need some kind of advertising on their windows to show it off to their customers. In this case, a poster is usually the best candidate in terms of advertising and cost-effectiveness.
These types of businesses can scale virtually infinitely. You can offer a wide range of personalised products to both individuals and larger companies, and you can generally add to this list as time goes on. The biggest concern about a business like this is having too diverse of a portfolio. We highly suggest that you only focus on a small number of products at first that meet a certain need then branch out with bespoke design options if you can hire designers to work on your team. Once you’re able to produce your own blank products to personalise for clients, the options are endless.
You must also consider the supply chain you rely on, coupled with the implications if your orders begin to increase. It’s always asking yourself, how will my startup become scalable with more business?
Setting up a specialised eCommerce store
eCommerce businesses have always been an excellent startup option given how easy they are to establish and how quickly they can grow in the right direction. However, simply making an eCommerce store and having lots of products on it doesn’t work now. Instead, the winners in eCommerce are the companies that manage to set themselves apart and offer a more personalised service to their customers. This can be achieved in a number of different ways:
- Focusing your product lineup on a very specific niche, industry or customer profile
- Packaging multiple eCommerce products into a bundle and selling that instead of individual products
- Working with suppliers to customize products to your brand instead of selling ready-made items
- Moving away from provided stock photographs and advertising your products in a completely different way to other eCommerce stores
- Focusing more on social media and search engine optimization strategies to set yourself apart from other similar businesses
- Creating different types of content to get customers interested in your products
In short, the best way to approach something like eCommerce these days is to offer quality and convenience over just quantity. With the right approach, eCommerce stores can still be profitable and endlessly scalable, but it’s very easy to fall into the trap of taking a low-effort approach that ultimately fizzles out before you become successful.
Offering consultation services for something you specialize in
If you’ve already got plenty of industry experience in something then setting yourself up as a consultant can offer endless scalable opportunities for growth. While you’re often limited by the number of clients you work with (and thus the number of hours you’re willing to work), you can typically scale up your service costs as high as you want. As a beginner in the industry, you can charge a lot less for your services to build up a brand and experience. As you grow, you can start charging far more money for your time, basing your fees off what your client has to gain or lose depending on the consultant they pick.
Starting up a consultancy business can be challenging unless you have a small pool of clients to work with already. Most of your business will likely come from recommendations, especially as you start charging more money. This makes it incredibly important to network as a consultancy firm so that you can get in touch with more potential clients and build up momentum. If you prefer to work with a larger number of clients, then setting up a firm and hiring other consultants to work with you can be an excellent way to scale up your business.