Millennials are a great target if you want to start a business. But, what business will cater to their needs? Read this post and we’ll let you know some of the best profitable ideas that will work if you want the millennials to be your target market.
Coworking Space
A lot of millennials are working on their own, either as freelancers or small business owners, among others. With this, they search for shared office spaces in Fort Worth, such as Common Desk. You can see a lot of them flocking coworking spaces, not only for affordability but also because it provides them with a space to be productive compared to working at home or in a crowded coffee shop.
If you want to know how to build a successful coworking space with the needs of millennials in mind, check out Common Desk.
Subscription-based Products
Subscription businesses are exploding, and amongst the biggest clients are the millennials. This makes it another great business idea to consider. Basically, customers will subscribe, and a product will be delivered on a predetermined frequency. For instance, millennials can subscribe to weekly meal plans, especially those that are tailored for specific diets, such as keto or low-carb diet.
Social Media Coaching
If you are an expert in social media, take advantage of your knowledge and share it to millennials while also earning money. The internet is ever-present in the lives of millennials, especially social media. A lot of them are interested in using social media to start a business. Some would even like to become influencers. Through coaching, you can share knowledge on how they can better use social media.
Health Coaching
If you are always on Instagram, you can see a lot of millennials posting about healthy stuff, such as green smoothies for detox or even just a photo of them working out. If you want to have millennials as your clients, being a health coach will also be a good idea. Of course, you need to be healthy first. It should show in your body and in your lifestyle that you can be a trusted coach.
Travel Blogging
If there is one thing that millennials love to do, it is travelling. They explore new places, with many of them travelling on their own. They are carefree and adventurous. If you are a traveler yourself, now is the right time to start your own blog. It is a platform where you can share travel tips and guides to millennials. There are multiple ways to earn through blogging such as through ads or sponsorships, although you need to be patient.
Coffee Shops
Millennials love visiting coffee shops and taking photos of their foods and drinks. If you want to build a coffee shop that caters to the millennials, make sure that the interior is Instagram-worthy, which will give them a reason to visit the place. In one study by Euromonitor, it has been asserted that 55.6% of the participants from ages 16 to 25 rank coffee as their favorite drink, making it a great business idea.
With the business ideas that have been mentioned above, you can easily target millennials and build a profitable entrepreneurial endeavor!
