Are you looking to start a business in 2023 but not sure which opportunity is right for you?
The key is finding a business that matches your skills, interests, and desired income level.
In addition to considering these factors, leveraging the power of artificial intelligence (AI) can help you optimize your chosen business.
Here are some of the most profitable businesses this year, along with information about how you can utilize AI to enhance your business endeavour.
Social Media Management
For the tech-savvy extrovert who loves connecting with people online.
Workload: 10-25 hours/week creating content, engaging followers, running ads
Revenue: $2,000-$5,000/month
Consider using AI tools to identify optimal posting times, analyze audience sentiment, and automate ad targeting. AI-powered chatbots can also assist in managing customer inquiries and improving response times.
Cleaning Services
Best for those who like hands-on work and flexibility in their schedule.
Workload: 10-40 hours/week cleaning homes/offices
Revenue: $2,000-$4,000/month
Explore AI-based cleaning management systems that can optimize scheduling, route planning, and resource allocation.
Online Courses
Ideal for experts who enjoy teaching and want a flexible lifestyle.
Workload: 10-15 hours/week creating course content
Revenue: $1,000-$5,000/month
Consider integrating AI-powered chatbots or virtual assistants to provide instant support to students. AI can also help automate assessments, grading, and feedback generation, saving you time and effort.
Business Consulting
For experienced business people who enjoy advising and problem-solving.
Workload: 10-30 hours/week meeting with clients
Revenue: $5,000-$20,000/month
Utilize AI tools to conduct market research, analyze competitor strategies, and generate data-driven recommendations. AI chatbots can also assist in handling routine client inquiries and scheduling appointments.
Graphic Design
Great for creative types who love visual arts and communication.
Workload: 5-30 hours/week per client
Revenue: $2,000-$8,000/month
Explore AI-assisted design tools that can speed up your workflow by automating tasks like resizing images, selecting fonts, or suggesting layout options. AI can also help analyze user feedback to improve designs based on audience preferences.
App Development
Perfect for tech experts who want to build the next big app.
Workload: 40+ hours/week programming and testing
Revenue: $5,000-$30,000+/month
Explore AI frameworks and libraries to streamline your development process. AI can help with tasks such as code generation, automated testing, and user behavior analysis for improving app performance and user experience.
Personal Training
If you love fitness and helping people achieve their goals.
Workload: 20-40 hours/week training clients
Revenue: $2,000-$6,000/month
Consider incorporating AI-powered fitness apps or wearable devices to track clients’ progress and provide personalized recommendations. AI can help automate workout planning, progress tracking, and even offer virtual training sessions.
Property Management
Good option if you’re very organized and comfortable with real estate.
Workload: 20-50 hours/week showing properties, maintenance, tenant relations
Revenue: $3,000-$8,000/month
Explore AI-driven property management software that can streamline your operations, improve tenant communication, and automate rent tracking and maintenance requests. AI can also help in predicting maintenance needs and optimizing energy consumption.
Food Truck
For the outgoing “foodie” who enjoys cooking and meeting customers.
Workload: 40+ hours/week cooking, marketing, managing truck
Revenue: $5,000-$8,000/month
Consider using AI-powered tools for route optimization to reduce travel time and fuel costs. AI chatbots can help automate order taking and provide real-time menu recommendations based on customer preferences and dietary restrictions.
Remember, the workload and income potential can vary widely within each business.
By combining your unique skills and interests with AI-powered tools and strategies, you can optimize your chosen business for success in 2023. Take the time to evaluate each option, considering both your character traits and financial goals, to make the best-informed decision for your entrepreneurial journey.
