with a few clicks of a button. There's no retail space to rent, no equipment to buy, and no inventory to hold.
"The tools in order to have a side hustle are getting increasingly easier to access at a lower cost," Cynthia Franklin, the director of entrepreneurship at New York University's WR Berkley Innovation Labs, said. The time commitment depends on how much money you want to earn. Some people run their online businesses withEven in a recession, Franklin is confident"If you want to start a business, don't pay attention to the headlines," she said."Instead, look around you for opportunity or gaps where the status quo could be better for somebody and then work to fix it. If you do that, it doesn't matter if there's a recession.
Insider compiled a list of the most popular online businesses to start in 2023, based on our previous reporting. With so many digital businesses started over the last two years, virtual assistants are in high demand. If you're skilled with administrative and operational skills, you can set up a virtual-assistant business by marketing yourself to clients like entrepreneurs and executives.
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