Entrepreneurs are always out on the look out for new business and innovative ideas. While new ideas serve as prominent business opportunities, some unchanged ideas still remain conventional. Here are the top 10 business ideas for 2012:

Idea 10: Cleaning service
Starting a cleaning service requires little to no cost to start up. From residential to commercial cleaning, these services continue to grow with a lot of potential. You can initially work by yourself and hire more staff as you build clients.
Estimated start up cost: Less than $5,000
Estimated potential income: $20,000 to $100,000

Idea 9: Ebay selling
Selling on eBay is a great way to earn some extra income at the comfort of your own home. You can sell pretty much anything from old collectables to customized t-shirts. If business is good, you can even open up your own e-store promoting your business.
Estimated start up cost: $0 to $10,000
Estimated potential income: Up to $150,000+

Idea 8: Dollar stores
With the economy the way it is now, dollar stores selling items for a buck or two help frugal shoppers save. You can find amazing deals there like an HDMI cable for $2. The cost of opening a dollar store will depend on the size of the store and if you’ll want to start up your own dollar store or buy a franchise.
Estimated start up cost: $50,000 to $500,000
Estimated potential income: $100,000 to $2,000,000

Idea 7: Social media promoting and marketing
Social media has been booming for the past few years. Millions of people around the world use Facebook, Twitter, and Youtube. From promoting and marketing small businesses to artists, this marketplace is never ending.
Estimated start up cost: Less than $5,000
Estimated potential income: $150,000+

Idea 6: Health coaching
Health coaching revolves around nutrition, weight control, and exercise. Focusing on lifestyle changes, one can make a great business out of coaching. Sometimes people just need to be told what to eat, how to control their weight, and the proper exercises to be done.
Estimated start up cost: Less than $5,000
Estimated potential income: $40,000 to $75,000

Idea 5: Blogging
Independent writers can blog about anything from self-help tips to how to do things. The very few bloggers out there actually make a living off of blogging. It’s hard to accomplish it as a career so don’t quit your day job until you have steady income generated.
Estimated start up cost: Less than $1,000
Estimated potential income: Up to $200,000+

Idea 4: Smart phone application development
Our cell phones have become apart of our everyday living. We bring it to work, to the toilet, and sometimes we panic if we leave it home by mistake. This is why smart phone app development is a great business to get into. Since millions of people use them around the world, it’s easy to say this idea has the ability to make millions.
Estimated start up cost: $500 to $100,000
Estimated potential income: Up to $1,000,000+

Idea 3: Home security
Home security is a large industry providing customers with different sorts of services and products. Your business can offer anything from security guards to alarm and surveillance systems. Generated income is based on number of customers, services, and products sold.
Estimated start up cost: $0 to $50,000
Estimated potential income: $30,000 to $1,000,000+

Idea 2: Home adaptions for senior living
As our population ages, the majority of seniors would like to still be independent and live at home. Focusing on fall prevention, products include walk-in bathtubs, grab bars, bed rails, and raised toilet seats. This is a million dollar business opportunity that is entrepreneurs should look into.
Estimated start up cost: Less than $50,000
Estimated potential income: $100,000 to $1,000,000+

Idea 1: Senior home care
By far the best business one can start this year revolves around senior home care. Services range from companionship, helping with activities of daily living, or cooking and cleaning. This idea has so much potential because the demand is so high. What’s great about this idea is that anyone can start it.
Estimated start up cost: Less than $10,000
Estimated potential income: $50,000 to $1,000,000+

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