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16 New Age Business Ideas

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on August 11, 2022

Updated on November 21, 2022

16 New Age Business Ideas

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16 New Age Business Ideas

What exactly is New Age? It’s spiritual and post-modern, full of good energy and maybe a glimpse into the future. A yoga business would be New Age, as would wellness, crystals, and Reiki. 

You might also consider Bitcoin or telemedicine, a virtual office, mobile apps or 3D printing. You’ll find many more insightful New Age business ideas below. Just keep in mind that whichever route you choose, you’ll need to work hard to find your groove and achieve real success.

1. Yoga Studio

Yoga

Do you love to practice yoga? You can share your passion with others and make good money with your own yoga business. More than 55 million Americans practice yoga, and the number is still growing as indicated by a steady increase in new yoga studios. Yoga is an ancient form of exercise that has been known to improve strength, flexibility and balance. Its meditation and breathing exercises promote relaxation and improve mental well-being. 

Before you get started, decide on a business model. Will you buy a franchise or launch your own studio? Franchising could be easier because you will be promoting an established brand with systems already in place. But if you wish to build your own brand, be sure to study other studios in your area and come up with something innovative to differentiate yourself. It also helps to find a great location and draw up a strong marketing plan to bring in clients.

2. Wellness Center

How to start a spa business

If you’re passionate about health and want to help other people improve their lives, a wellness business might work well for you, and be financially rewarding. As the world emerges from the pandemic, everybody’s interested in wellness and the global industry is projected to grow nearly 10% annually to approach $7 trillion by 2025. This presents a serious opportunity to build a business — and a healthier future. 

Before you get started, it’s a good idea to decide on a niche market. Are you thinking of simply selling health and wellness products? Perhaps you could focus on providing health and wellness services. Would you open a massage or yoga studio? How about a retreat center or treatment spa? Find the answers to your questions as you research more on the subject. Keep in mind that every business is different, so you’ll need to tailor any tips to fit your specific situation.

3. Tiny House Business

Tiny House Business

Tiny houses are wild. Imagine having everything you need in 400 square feet! The concept has been around since the 70s, but it’s only become popular in recent years as more people downsize, declutter and live simply. The global tiny homes market is predicted to grow 4% annually through 2026.

Starting your own tiny house business can be a great way to achieve financial independence, but you need to decide first how to go about it. Will you rent out or construct tiny homes? You should be aware of the laws and regulations relating to tiny homes. These vary from state to state, so you will need to check with your local authorities. You should also make sure your business adheres to the standards for tiny homes.

Whichever type of tiny homes shop you set up, this is an opportunity you don’t want to miss out on.

4. Consulting Service

How to start a consulting business

Business is revving back up as the pandemic recedes, and one of the industries best positioned to take advantage is consulting, which is worth more than $250 billion in the US after strong growth in 2021. If you have an area of expertise — finance and budgeting, marketing, tech, operations, or management — you could start up your own consulting firm and help businesses improve their efficiency and profitability while also making a good living. 

Starting a consulting business is difficult, and will require hard work and determination, as well as a decent amount of red tape. Beyond building up a strong network and reliably providing value to your clients, a key element of your success will be understanding what sets you and your firm apart from your competitors and finding ways to promote that message to your target market and deliver on your promise. Accomplish this and you’ll soon build a reputation and, with a bit of luck, seven-figure revenues.

5. App Development

App Business

Did you ever think about how often you use mobile apps? Probably many times a day, which is why apps are among the world’s fastest growing industries. The global app market is worth more than $465 billion and expected to expand nearly 40% by 2026. If you have some tech skills, you could start your own app business and ride that growth to great success. 

Getting there, however, will not be as easy as unlocking your phone. First, you’ll need a great idea for your first app. If you’ve already got that, you’ll need to do the build out and coding, then have the app vetted and approved by major app outlets, like Apple and Google. And that’s when the real work begins — convincing smartphone owners that your app is more appealing and valuable than the millions of other apps competing for their attention. 

You might think that’s the easy part, but many entrepreneurs make that same mistake. Even the most brilliant apps need a well-executed marketing strategy to take off. Any fool can make an app. The hard part is getting people to use it.

6. Virtual Office

Virtual Office

Do you have entrepreneur friends looking for ways to run their business without having to be in the office? If so, a virtual office business could be the right move. It’s cost-effective, convenient and more flexible. In a virtual office, businesses get an address, a phone number and secretarial services without having to rent a physical office. The industry is booming because of the rising number of Americans working remotely. Total revenue is anticipated to grow at least 15% per year through 2027, exceeding $100 billion, as remote work opportunities continue to increase.

Before you launch your virtual office business, you must complete the regulatory requirements in your state and city, get the necessary hardware and software, build a competent team, and prepare an aggressive marketing plan. Having a broad target market could work for you, but you might want to consider focusing on certain segments. Once you hurdle the challenges, your virtual office business should be primed for success!

7. Affiliate Marketing

How to start a digital marketing agency

Barely 15 years old, affiliate marketing is one of the hottest segments of the ad industry and used by 80% of leading businesses. The affiliate marketing industry is worth more than $6 billion and still seeing strong growth, so the opportunity is there to enter the market with a new business, even part-time, and do well. 

So what, exactly, is affiliate marketing? Basically, an affiliate marketer earns a commission for successfully promoting another company’s product or services. For instance, if you were an affiliate marketer for Amazon, you might post a link to an Amazon book on social media. You would then receive a small portion of any purchases made by customers who clicked that link. 

Starting an affiliate marketing business is relatively easy. You can do it from home, and work when you wish. You could commit to it full-time or keep it as a side hustle revenue stream while developing your own startup. Either way, be sure to track the results of your marketing efforts so you can see how your click rates and success increase over time.

8. Bitcoin Mining

How to Start a Cryptocurrency Business

Curious about cryptocurrency? You’re not alone. The number of crypto miners is increasing rapidly due to massive demand for Bitcoin and other digital currencies. Across the globe, the crypto mining market is set to surpass $5 billion by 2028. Crypto mining refers to the verification and currency creation process. It is legal in the US, but you may still need to look at local regulations. 

Bitcoin, the dominant player in the cryptocurrency market, has a massive market capitalization that has been growing steadily since 2013. Starting a Bitcoin mining business is challenging, but doable. You’ll need high-powered computers, mining software, and an encrypted online bank account, or e-wallet.

Note that only verified crypto miners can mine. To become one, you have to join a mining pool and learn the complex process. Aside from the mining software, which you can download, make sure you also have the right software to protect yourself from illegal attacks. It takes money and time to build a crypto mining business, but once you’re up and running, you’ll be making money fast.

9. Subscription Box

Subscription Box Business

Who doesn’t love package deliveries? That’s why Amazon’s grown’s so fast, and why subscription box services, which entail the recurring delivery of niche items like organic fruits and handmade clothing, have burst onto the scene. A decade ago the fledgling industry took in about $57 million in revenue. Today it’s worth nearly $20 billion, and its spectacular growth is expected to continue through 2027. 

You could start your own subscription box business and offer a wealth of products, from food and drink, to grooming, hygiene and fitness, clothing, books, pet supplies and more, and let customers curate their own deliveries. Or you could focus on a single product line, such as New England jams and jellies, and fill each delivery box with a surprise gift. 

To get started, research the subscription box market, find out what’s doing well and keep your eye out for a market gap to fill. Once you’ve found a fantastic supplier, you’ll be on the road to subscription success!

10. 3D Printing

How to start a 3D printing business

So you’ve decided to start a 3D printing business. Great idea! Strong demand for customized 3D products is driving rapid growth, and the global 3D printing market reached $16 billion in 2021. The market is expected to grow 24% per year through 2028 due to increased demand for prototypes, models and artistic designs in industries like aerospace, automotive, and health care. 

You will need to understand the regulations and legal issues affecting the industry. For example, the use of 3D printers is not regulated but the medical products that are produced through 3D printing are regulated by the FDA. A license is also needed for 3D printers that are used to make weapons. If a design used to create a 3D model is covered by intellectual property rights, printing the model would infringe those rights. You’ll also need to make a hefty investment upfront to get your business up and running, but the benefits could be immense.

11. Dog Treat Store

How to start a dog treat business

When you think of starting a business, doggie treats are probably not the first thing that comes to mind. But the pet care industry has boomed in recent years, with specialized foods leading the way as pet owners become increasingly concerned about pet health. You could start your own dog treat business and make a good living while putting smiles on the faces of people and pets everywhere. 

Of course, you’ll need to decide what kind of treats you’ll make, the key ingredients, and your pricing structure. To get started, you could research popular dog treats and their prices and goods. Once you know the outlines of your business, start making trial batches in your kitchen and test them out with dogs in your era. Their feedback will help shape your product so that once it hits the market, every doggie will want some!

12. Crystal Healing

How to start a crystal business

Do you believe in the healing power of crystals? If so, starting a crystal healing business is a great way to share your passion and make good money. Heightened anxiety during the pandemic is driving greater demand as shown by an increase in Google searches for crystal healing in the US. Many people believe crystals enable healing energy to flow into the body and cure ailments. 

You can start your crystal healing business by defining and understanding your target market. It’s also important to know your crystals, their properties, and the needs that they address so you can effectively advise your customers. It’s also a good idea to find a reliable supplier of gemstones. Although a brick and mortar shop would be an advantage, you can also run this business from home or join online shopping platforms to sell your products. You can just set up a website and maintain social media accounts to promote your business.

13. Telemedicine

Telemedicine

The pandemic saw telemedicine services spike across the globe as physicians found ways to provide health care during quarantine by going virtual. US tele-health earnings hit $17 billion in 2022 and the industry is expected to continue growing in the next five years, considering the growing senior population. If you’re thinking of starting your own telemedicine business, there’s no better time to do it. 

To set up your telemedicine business, you’ll need to comply with licensing requirements and other regulations. Aside from getting a computer, smartphone and other gadgets, you should set up social media accounts and download instant messaging apps and video conferencing software. You will also need email clients and project management tools. Having a digital payment facility is very important to facilitate collection of fees and other charges. Once you have these digital tools, you can start providing virtual health care services in the comfort of your home.

14. Credit Card Processing

Credit Card Processing

If you know how payment processing works, you may want to start a credit card processing business. This is a great option if you’re looking to make good money in a rising sector. Credit card transactions account for over a third of in-store purchases in the US and the total value of credit card transactions is set to grow 3% to more than $2 trillion in 2022. This does not count transactions for online purchases, which are also rapidly growing.

Before starting your own credit card processing business, it’s important to understand the role that you will play. There are two types of credit card processors. Front-end processors route transactions from the merchants to the cardholder’s bank to make sure funds are enough while back-end processors move the money to the merchants’ issuing bank. As a credit card processor, you will have to make sure that the data is transmitted securely. It is also important to keep track of the latest technology and market trends as you will be competing with the biggest credit card processors.

15. Short-Term Rental

How to start a airbnb business

With the rebound in travel and renewed demand for short-term rentals, many people have the idea of renting out their houses on Airbnb or VRBO to earn some extra cash. You, too, can start your own short-term rental business if you have a spare room or apartment. It can be a lucrative and scalable business model. There were more than a million short-term rental listings in the US in 2020. The number is expected to increase by at least 20% in 2022 as demand surges. 

Before you get started, figure out what type of accommodations your guests need and pick a niche. For example, if you want to open a bed and breakfast-style accommodation, then your focus would be on value, comfort, location and customer service. On the other hand, if you want to rent out apartments, then focus more on affordability. Whether you rent out a room or an apartment, it is important that you register your business and comply with local rental laws.

16. Medical Billing and Coding

Medical Billing and Coding

Many health care providers outsource some business functions, such as medical coding. If you’re a certified medical coder, now is a great time to start your own medical billing and coding business. It’s something you can do from home so your overhead costs will be minimal, and it’s a growing market with plenty of opportunities. The medical coding market in the US is set to grow 8% per year and pass $30 billion in revenue by 2028. 

So, if you are ready to get started, make sure you have the required certifications to operate a medical billing and coding business. A medical coder translates reports of a patient’s visit into payment codes, which are then used as the basis for the medical bill or insurance claim. It’s important to abide by national standards to protect patient information and other regulations. With proper training and hard work, you can make your medical billing and coding business successful.