Born between 1981 and 1996 and want to start a business? Here are some business ideas for millennials that can fit perfectly.
In today’s fast-paced and ever-evolving world, millennials are at the forefront of entrepreneurship, leveraging their unique skills, creativity, and passion to create successful businesses. With an understanding of technology, social media, and emerging trends, this generation is well-positioned to start new business ventures.
Whether you’re looking to start a side hustle or launch a full-scale enterprise, there are numerous avenues to explore. Here are 15 business ideas for millennials:
1. Food truck
A great way to make money while enjoying the opportunity to travel, is by starting a food truck business. You can offer a variety of meals, from tacos and desserts to Mexican cuisine or even just ice cream. The best part? If you ever feel the need for a change of scenery, you can easily relocate your food truck to a new location of your choice.
2. Event planning
Event planning is a perfect business idea for millennials with strong organizational skills, a lot of creativity, and a passion for bringing people together. This business type involves organizing and managing events such as weddings, corporate functions, birthday parties, and social gatherings. Maybe you get the chance to plan a 90s themed party?
3. Personal finance coaching
As a financial coach, you help clients learn money management skills. You can help people with budgeting, paying debt or saving money. By running a business based on finance, you can help people gain control over their finances and reach their goals. You should have some experience or expertise in saving strategies, budgeting and debt reduction.
4. E-commerce store
With e-commerce, you can buy and sell goods or services online. You can sell anything you like. An e-commerce store targeting millennials can tap into this tech-savvy, trend-conscious, and value-driven demographic by offering a curated selection of products that cater to their specific needs and preferences. From eco-friendly gadgets to chic home decor, your store can become the go-to destination for millennials seeking quality, innovation, and style.
5. Graphic design
Speaking of business ideas for millennials, you can create visual content. Every business should have creative design elements to add to their website, social media, merch and so on. You should have some experience in designing or a great eye for colors and visuals.
6. Handyman services
As a handyman, you provide home maintenance and repair solutions that can save homeowners time, effort, and money. As a skilled handyman, you offer a wide range of services, from minor repairs to larger home improvement projects. Whether it’s fixing a leaky faucet, assembling furniture, or painting a room, your help ensures that homes remain functional, safe, and aesthetically pleasing.
7. Personalised crafts and products
Personalized crafts and products offer a unique and heartfelt way to express individuality and celebrate special moments. As a creator of customized items, you provide clients with one-of-a-kind products that reflect their personal style, preferences, and even memorable occasions. From custom jewelry and home decor to bespoke gifts and accessories, your craftsmanship transforms ordinary items into cherished keepsakes.
8. Consulting services
A consultant is a person who advises people or businesses on a specific subject. As a consultant, you can advise business in a subject you are an expert at. Often, consulting services are based on IT or technology. Whether you specialize in management, marketing, technology, finance, or another field, your consulting services can empower clients to make informed decisions and drive sustainable growth.
9. Influencing
Being an influencer, you earn money by advertising products through social media platforms. If you have a large following on social media, reaching out to various businesses for potential collaborations and partnerships can be a good opportunity. You may have better chances to earn money if your socials channels apply to a niche or a specific age group that businesses could be interested in.
10. Yoga studio
A yoga studio offers a sanctuary for individuals seeking physical, mental, and spiritual well-being through the practice of yoga. Your studio should provide a welcoming space where practitioners of all levels can explore yoga’s transformative benefits. From dynamic vinyasa flows to restorative yin sessions, your classes can cater to diverse needs, helping students cultivate balance, strength, flexibility, and inner peace.
11. Personal shopper
A personal shopper provides a shopping experience, helping clients find clothing, accessories, and other items that perfectly suit their style, needs, and budget. By using your expertise in fashion and trends, you guide clients through the often overwhelming world of retail, ensuring they make informed and stylish choices. Whether for special occasions, wardrobe updates, or unique gifts, your personalised service makes shopping enjoyable and stress-free.
12. House-sitting business
Another great business plan is to start a business where you are house-sitting someone’s home. It’s a way to gain some extra cash in the summertime or other holidays. House-sitting is when someone asks another person to stay in their home while they are away, often because there are pets to care for, plants that need water or just for the added security. People are often willing to pay money for this, so starting a business based on home-sitting may be lucrative.
13. Decluttering service
In a world where minimalism is trending and the concept of “less is more” is gaining traction, a decluttering service can be among profitable and fun business ideas for millennials. This service aims to help individuals and families organize their living spaces, reduce excess belongings, and create a more functional and serene environment. As people increasingly seek to simplify their lives and enhance their well-being, a decluttering service can address a growing need for order and simplicity.
14. Paid newsletter
In an age where quality content is highly valued, a paid newsletter is just one of many business ideas for millennials. This service involves curating and delivering exclusive content to subscribers willing to pay for valuable insights, advice, and information. Whether you’re an expert in a niche field, a thought leader, or simply passionate about a particular topic, a paid newsletter allows you to monetize your expertise and build a dedicated following.
15. Domain selling
Domain selling is buying and selling internet domains for a profit. Businesses should have websites in order to build and establish a brand or online presence, and there may be some opportunities to gain some money through running a business that sells domains. Domain selling is very fitting for someone who wants a side business, and you often don’t need a lot of experience.
Free invoice software for millennial businesses
No matter what business you want to start, make sure to have invoice software. You may not be able to spend a lot of money on a software, and you should look for free options. Conta offers free invoicing software, and you can create invoices in seconds.
Create free invoices
