Types of Businesses
A business can be focused around almost any type of industry, subject or even hobby. However, all businesses can be classified as providing either products or services (or a mixture of both). Here are some examples of the types of businesses under these categories:
Product Businesses
Retail/Commerce
Probably the most popular type of product business and one of the easiest to start up. This involves the selling of items to customers. This also includes online ecommerce.
Wholesale
Wholesaling consists of distributing products in high quantities to retailers rather than to the general public. This does not necessarily include the manufacturing of products.
Manufacturing
This is the first stage of any product's journey. Manufacturers usually sell their products to retailers and can be responsible for a number of different brands simultaneously.
Service Businesses
Skill Service
This is a great way for people to earn money by doing something they're good at. This could include using any skill to provide a service from graphic design to personal training.
Providing Content
This could be anything from your own newspaper to just writing a blog. The aim here is to get as much traffic as you can. Income can be earned from subscriptions, showing ads, affiliate marketing etc.
Agency
Essentially acting as a middle-man, an agency provides a service on behalf of someone. Some examples are organising a holiday or planning a wedding.