As 2023 begins, budding entrepreneurs are bubbling with ideas to strike gold. What better way than to offer them a guide on some opportunities that can be turned into profit…
For business people, 2022 was not quite a forgettable year. After the Covid-19 pandemic troubles of 2020 and 2021, for many, it was a year of recovery.
Although some businesses which shut down due to the pandemic’s sting could not resuscitate, there were new fortunes in others, which might continue being successful in 2023.
Even as you map out business opportunities as an entrepreneur, to avoid burning your fingers, make sure you are providing a solution to existing problems and people will buy your product or service.
Enterprise explores some of the businesses likely to do well in 2023:
1. DROPSHIPPING
One thing that the pandemic taught people is that online interactions, and transactions, were the future. Disruptions to movement meant that even the most sceptical of people learnt to order goods and have them delivered to their doorsteps.
Similarly, rent-a-shelf businesses had a rough moment. No customers were coming to stores to sample goods. They could do this from the comfort of their houses. Many of these businesses closed.
Some started advertising goods that were with the manufacturers. Upon receiving orders, they would then pick up the goods straight from the manufacturer and sell them to customers.
This reduces unnecessary usage of space for storage and possible wastefulness, especially for goods which could expire within a short time. It also saves the seller’s (middleman) money that could be used to lease space.
2. TUTORING SERVICES
School terms have been affected by the Covid-disruptions and they are yet to go back to what they used to be pre-pandemic.
These interruptions in the calendar mean that in some instances, schools have