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33 best small business ideas to make money in 2023

Omnisend

You don’t have to keep stock or worry about logistics and shipping since everything happens online. Stock the products they need and advertise your business on social media to reach clients. Brands need an active social media presence to connect with their customers and you can offer to manage their accounts for a fee.

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IHL Study: Inventory Distortion Will Cost Retailers $1.77 Trillion in 2023

Retail TouchPoints

A recent study by IHL Group projects that the global cost of inventory distortion in 2023 will be $1.77 IHL estimates the cost of ORC in the U.S. The report predicts that retailers could improve their gross margins by 25% or more by 2029 “if they were able to fully take advantage of all the benefits that AI can provide.”