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11 Best Business Ideas In Utah

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on October 28, 2022

Updated on November 12, 2022

11 Best Business Ideas In Utah

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11 Best Business Ideas In Utah

Utah, a landlocked state in the Rocky Mountain Region of the US, boasts of a strong pro-business climate. It was quick to bounce back from pandemic-driven recession and recover most of the jobs lost in 2020, according to state officials. 

While its leisure-related businesses have yet to fully recover, the real estate and construction sectors are experiencing a boom due to a high net in-migration. Business opportunities include coaching, digital marketing, and web design. 

We have listed more business ideas in Utah below. Find out if anything sparks your interest.

1. YouTube Channel

How to start a youtube business

So you want to start a YouTube business? Great idea! The opportunities for online businesses are endless these days, and video platforms like YouTube are one of the best places to start. YouTube’s ad revenue increased a stunning 25 percent in 2021, which means now is a great time to get in on the action. 

There’s no doubt that YouTube is a powerful business tool. But it can be a little tricky to know the best way to start a YouTube business. If you have some expertise or skill that is in great demand, you’ll want to create a series of videos and start your own YouTube channel. From there, you’ll need to generate visitors, and a great way to do that is to post about your videos and expertise across all social media, and tell your family and friends. 

As you keep delivering quality content, you should be able to start generate subscriptions, and that’s when the ad dollars start rolling in.

2. Business Coaching

Coaching Business

Not long ago, there were only a handful of coaching firms in the United States. Today there are more than 2,200 and the coaching industry is worth more than $11 billion and still seeing strong growth. Americans have learned to appreciate the value of good insight and planning, particularly when it comes to major decisions involving their finances, career and personal matters. 

If you have expertise in any of these areas, you could start your own coaching business and help people lead more fulfilling lives while grabbing a slice of this fast-growing market. It’s easy to get started. You just need a reliable computer, some relevant experience and a strong marketing campaign, highlighting your skills on social media and beyond. 

The challenge will be attracting and maintaining clients, so you’ll need to find a way to stand out from the coaching crowd and prove your worth. A great website will surely help.

3. Check Cashing

How to start a check cashing business

The check cashing industry, which allows customers to cash their paychecks and other types of checks for a fee, has been booming. It’s fast and convenient, but also comes with high costs. 

There are about 12,000 check cashing stores across the country. Together with the payday loan outlets, pawn shops, and money transfer agents, they form part of the alternative financial services sector which serves more than 12 million American households that either have no bank accounts or choose not to transact with banks. 

If you’re looking for a lucrative business idea, starting a check cashing business may be the perfect venture for you. While making big profits, you will be helping achieve financial inclusion by serving the unbanked population. Most check cashing companies open a store, but you have the option of establishing an online or mobile business which can still be profitable. Investing in technology is to your advantage. You will also need to secure licenses and permits as well as comply with the applicable laws and regulations.

4. Shirt Printing

How to start a t-shirt business

Shirt printing is a lucrative industry that continues to grow in popularity especially among the young population. If you’re looking for a new business opportunity, look no further than a shirt printing business. The global custom tshirt printing industry is anticipated to grow steadily and approach $8 billion in market size by 2028. Rising disposable income and increasing preference for customized shirts are expected to drive growth. 

Anyone can start a shirt printing business. But in order to succeed and grow your business, it’s important to be knowledgeable in silk screen printing and updated with the latest printing technology such as direct-to-garments, sublimation, and more. You may come up with packages that already include the shirts as well as the design and printing services for the convenience of your customers. Another way to do it is to come up with your own designs and sell shirts with these designs. With the right skills and resources, you can build a successful business.

5. Reiki Business

How to Start a Reiki Business

Do you believe in energy healing? Starting a reiki business might be the perfect career choice for you. Reiki is a Japanese energy healing technique that is now accepted in some US hospitals. It is believed to promote relaxation, ease pain, and reduce symptoms of illness. It is one of the alternative healing techniques being practiced today. Globally, the complementary and alternative medicine market is still expanding, with growth estimates of 20% per year through 2028.

When starting a reiki business, you have to consider all the factors that will affect its success. First, you’ll need to find a reiki master, or train under one and undergo a process that transfers the master’s healing energies to you. It’s important to choose which reiki methods you’re going to offer. You’ll also need to check out your state’s permit, licensing and zoning requirements before you can choose a location for your reiki business. Finally, promoting your business to find clients is to your advantage.

6. Web Design

How to start a web design business

Do you know of any legit business that doesn’t have a website? That’s right — in today’s digital world, businesses need to have a decent website if they expect to be taken seriously. That’s why web design is a $40 billion industry that’s seeing steady growth as the number of new US businesses hits record highs. All those new companies will need websites, which means right now is a great time to start your own web design business and design a bright future. 

First, if you’re not already an established graphic designer, you will need a bit of training. But there are many helpful options out there, including online educational platforms that offer subscriptions that allow you to take as many classes as you want. Alternatively, many universities offer affordable website design certification courses. Once that’s sorted, the next crucial step will be building your own website, which has to be fantastic or nobody will trust your skills. 

With some quality social media marketing, you should be able to rope in a client or two. Impress them and you’ll be on the road to design success.

7. Digital Marketing Agency

How to start a digital marketing agency

With many people staying at home and working remotely because of the pandemic, companies have also gone online and undertaken digital marketing initiatives to keep their target markets engaged. Global digital marketing is booming right now, and expected to more than double to $786 billion by 2026.

If you’re looking to start your own digital marketing business, you’re in luck. There has never been a better time to do it. Just catch up on the latest industry trends and know the steps in setting up a business. Keep in mind that since this is a relatively new industry, there are no concrete guidelines for success, but some insights into how other companies grew their own businesses can be helpful. Read and learn everything you can about the business before uploading your first social media post or your first digital ad. Once you’ve done that, you should be able to get the hang of digital marketing!

8. Notary

How to start a notary business

You may not think of notaries very often, but they play a crucial business role, serving as a certified, legal witness who verifies the identity of those signing an official document. And they are in serious demand, as Americans notarize more than 1.25 billion documents every year. In fact, US notary services hit a record high in 2020, largely due to the real estate boom with people buying new homes and refinancing mortgages. Now would be a great time to start your own notary business and get in on the action. 

Two key trends have remade the industry in recent years. The first is mobile notaries, who come on-demand to their customers to witness and sign documents. Mobile notary services have exploded in recent years, as people have sought to avoid public places. In addition, online notary services have come into wide use, allowing notarization to be done via video calls. Online-only notary service Notarize, for instance, is now worth nearly $800 million. 

Thus, if you’re able to start a notary business that offers online and mobile notary services, your chances of success will be, well, rather notable.

9. Government Contracting

Government Contracting

The US government is one of the world’s biggest spenders, fulfilling more than $1 trillion worth of contracts each year to buy all kinds of products and services, from office supplies to furniture to vehicles. Even small businesses can bid for these contracts, as the US government is required by law to award at least 23% of all contracts to small businesses. Participating in a bid, however, can be overwhelming because you’ll have to comply with various documentary requirements. The competition is also stiff and there’s no guarantee that you will get the contract. 

To be able to bid for these contracts, you’ll need to register first as a government contractor. This is a long process that includes various forms of documentation and fees. You’ll also have to catch up on the latest rules and regulations that govern government purchases. Most federal agencies adhere to the same regulations while some organizations might have their own set of rules. There are a lot of opportunities to become a prime contractor or a subcontractor; it’s a matter of where to look for these.

10. Grocery Delivery

How to start a grocery delivery business

Global online grocery delivery sales have been growing by almost 30% since the coronavirus pandemic crippled economies in 2020. This stellar performance is expected to continue through 2024 as a lot of people continue to stay or work from home even with the lifting of protective measures. With online grocery shopping, consumers no longer have to spend time queuing in supermarkets. They simply browse through a retailer’s website or app, shop and check out, pay for the items online, and have these delivered right to their doorstep. 

If you’re thinking of starting a grocery delivery business, now’s the time to do it. You have at least three options: operate your own delivery service, work with a franchise, or sign up with an established retailer. Consider carefully the pros and cons of each option before deciding on which business model to choose. Assess the competition as well and identify possible clients if you’re going to give it a go on your own. Whatever your decision is, plenty of opportunities await.

11. Travel Agency

How to start a travel agency business

Do you love to travel? Are you always planning your next vacation? Why not start your own travel agency business? It’s a great way to share your love of travel with others, and it can be a very lucrative business. Travel agencies in the US are expected to rebound strongly from pandemic slump and see a 38% increase in revenue in 2022 due to pent-up demand. The market is predicted to grow steadily through 2026.  

If you have the resources, starting a travel agency business can be a breeze. But first, you need to identify your target market. Will you be focusing on domestic or international travel? A lot of Americans are going on overnight trips for vacations or business purposes, providing an opportunity for travel agencies to earn money. Arranging trips for international visitors is also possible now that the US has eased travel requirements. Once you find your niche and draw up a business plan, you should work on establishing your brand and promoting it to find clients.