27 Best Small Business Ideas To Make Money in 2022 (2023)

27 Best Small Business Ideas To Make Money in 2022 (1)

You’ve probably heard the term Great Resignation. It describes the millions of Americans who, since the start of the COVID-19 pandemic, decided to leave their jobs in the traditional workforce and rethink how, when and where they work.

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But that doesn’t mean people are shunning the workforce. Instead, many Americans turned to creating their own businesses, putting an emphasis on setting their own schedules and leaving more time for family and leisure. In 2020, as the pandemic got its start, 4.4 million business applications were filed. In 2021, the total reached 5.4 million, NPR reported.

If you’re a member of the Great Resignation — or thinking about joining the ranks — plenty of ideas exist for small businesses that can turn either your previous work experience or your passion or hobby into a profitable venture.

27 Small Business Ideas To Turn Into Dollars

Every small business idea can yield great success if it fills a need. Check out these business ideas that can make you money in 2022.

1. Consultant

Companies, or individuals, could be willing to pay a lot of money for the expertise you gained on your job. Consultants are called upon in a variety of specialties, including financial, human resources, career and management.

Management consultancy is expected to have a $263.5 billion market in 2022, according to business research firm IBISWorld.

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2. Home Stager

Homes for sale that are “staged” give prospective buyers an idea of what a home can be. After homeowners have packed up their belongings and have reduced the home to bare bones, stagers can reposition furniture to maximize use of the space.

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Experienced home stagers invest in furniture and accessories to use in homes, but you can start with the sellers’ existing stuff, as long as it is in good shape. The National Association of Realtors reports that staged homes sell faster and for more money, making the investment worth it for sellers.

3. Exercise Guru

During the pandemic, workouts moved from gyms and fitness centers, and some exercisers decided they liked the convenience of a home workout. Still, the same treadmill and the same sort of exercises might not motivate some to get fit.

Come up with new exercises and routines and demonstrate them on YouTube and Facebook Live. These sample videos could attract customers who will pay you to access your full line of creative exercise techniques online.

4. Pet Services

With so much time working from home during the pandemic, 19% of Americans surveyed by ASPCA acquired a dog or cat from March 2020 to 2021. That has opened the door to a variety of pet-related services, including dog walking and animal training.

The Bureau of Labor Statistics projects the employment of animal care and service workers will increase by 33% from 2020 to 2030.

5. E-Books

All you need to start writing e-books is to select a niche you want to write about 一 and that people want to read. Amazon Best Sellers shows you what people are reading and buying.

If you plan to self-publish, you’ll find plenty of platforms where you can sell your work. Good examples include Amazon’s Kindle Direct Publishing, Apple Books for Authors, Kobo Writing Life and Smashwords.

6. Custom Items

This is a dropshipping model with a twist. Make your innovative designs and upload them to your preferred print-on-demand platforms. When a customer purchases one of your items, the platform prints it to order and ships it out on your behalf.

Popular platforms include Redbubble, Fine Art America, Zazzle, Society6 and Printful, all of which offer a huge variety of products to customize with your designs.

7. Coworking Office Space

With the ongoing, and likely permanent, popularity of remote work, you can create a contemporary coworking space that solves pain points like the cost of renting office space, reduced productivity and even loneliness.

Choose an accessible site in a central location and outfit it with highly desired features, such as high-speed internet, meeting rooms and team-building facilities.

8. Online Courses

If you are a professional in a specific field, you can start teaching online classes. Create educational content in videos or other available formats. Then choose a platform like Udemy or Skillshare to post and sell the content.

9. Virtual Assistant

Many entrepreneurs need help with day-to-day tasks. You can work remotely for a company or an individual to provide administrative support. Common tasks include maintaining social media accounts, managing calendars and schedules, making travel arrangements and processing documents and records, according to FlexJobs.

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Although some companies, such as VaVa Virtual Assistants, provide a platform to match VAs with opportunities, building a direct client list can be more lucrative in the long run.

10. Eco-Friendly and Healthy Beauty Products

Satisfy people’s desire for eco-friendly and healthier products by creating safe and environmentally friendly items. Research local business licensing requirements, then investigate the ingredients and processes for making the products — suppliers like MakingCosmetics and MakeYourOwn.Buzz have tutorials and formularies to get you started.

You can sell your products online and in-person at vendor fairs, farmers markets and through local shops.

11. Chatbot Development

Chatbots are used on many company websites to communicate with customers who need assistance. Develop a chatbot and approach companies in need of such a product.

You don’t have to know how to code to develop a chatbot 一 with basic IT knowledge, you’re good to go using a chatbot-building platform like ManyChat.

12. Web Design and Development

You can start making cash by designing or developing websites for small businesses or individuals. Depending on your skill level, you can build sites using templates and widgets on platforms like WordPress, Wix and Squarespace 一 or up your game by learning how to code sites from scratch.

Collaborate with an experienced copywriter to boost your product line and your chances of grabbing a new client.

13. Online Coach

Create a YouTube channel to help you push your content. You can educate people about any topic in which you have expertise. If you have proven managerial and leadership skills, you can also become a life coach and charge clients to attend your sessions once you have an audience.

14. Resume Writer

Many people need a resume, but not everyone has the skill to do it well or is familiar with resume formats. This does not require any startup capital but does require knowing how to craft a unique resume that is compatible with resume screening software.

15. Handcrafted Goods

You can make your own products to earn money. Research ideas that suit your skills and interests, then start making soap, candles, pottery or jewelry. Once the products are ready, market them online via social media and in-person through local venues.

16. Event Planning

Create an event planning service in your area and specialize in specific types of events, like weddings or company meetings. A network of reliable vendor contacts will make you more successful.

The U.S. Bureau of Labor Statistics estimates the number of jobs in the profession will grow by 18% between 2020 and 2030.

17. Content Editing and Proofreading

If you have impeccable skills at spotting grammatical errors, typos or poor sentence structure in written content, you can provide editing and proofreading services to businesses and individuals.

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18. Graphic Designer

If you can design logos, website and blog images, you can sell your graphic design skills. You can set your own hours and start choosing projects to build your portfolio. Many companies need graphic design support on a variety of projects.

To start, offer your services on freelance platforms like Fiverr and Upwork.

19. Custom Clothing

The custom clothing business is gaining momentum, which means it could be a good source of regular income. You can start with hemming and mending, then use your sewing machine to revamp customers’ existing clothes or create new ones.

20. Blogs

Running a blog can make you money, provided you’re sharing unique and useful content. Choose a niche that you’re good at. Once you gain an audience, you can earn money through affiliate marketing or advertising.

21. Website Flipping

Buy a website and make improvements to the design and content. Then, sell it at a higher price than you paid for it. Along the same line, you can create your website, fill it with SEO-friendly content and sell it.

22. Virtual Reality Experiences

VR is the future, with the market projected to reach $44.7 billion by 2024. As long as you have the content-creation skills or can partner with someone who does, and you have the means to purchase necessary equipment, the possibilities are endless.

Real estate, entertainment, games, fitness, dating and healthcare are just a few industries where virtual reality is or could be useful.

23. Interior Design

Many professionals want to have their houses look elegant. However, the high cost can be limiting. You can start a business offering interior design services for less and target young homeowners as you build your business.

Note that in some states, you’ll need a license or registration that might require passing the National Council for Interior Design Qualification exam.

24. Food Truck

If you have a background in cooking or restaurant management, a food truck is an option. It is cheaper than opening a restaurant.

Still, the investment can be significant, especially if you buy rather than lease a truck. New ones cost $75,000 and up, plus you’ll pay costs for permits, wrapping the truck in your logo and more, business technology company Square estimates.

25. Affiliate Marketing

Many online stores allow affiliates to market their products. If you are an influencer, this can earn you some good money.

You only need to get the product affiliate link from the company whose products you’d like to sell and place the link in the content you use to reach your audience. If an individual purchases the product through your link, you earn a commission.

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26. Cellphone Accessories

This field might look saturated, but the number of phone users is increasing every day. You only need to be super creative and come up with phone accessories, such as adapters, cables, earphones, protectors and covers.

Etsy has a variety of handmade items in the cellphone-accessory category, ranging from phone charms to personalized charger cubes, and that website could be a great spot to sell your creations.

How big is the market of cellphone owners? A new report from RearchAndMarket.com, a market research company, predicts it will grow to $520.7 billion by 2030.

27. Dropshipping

This is one of the simplest businesses to start today. You offer items for sale but you don’t have a backlog of inventory. Instead, a third-party provider stores and sends products on your behalf. All you need is a little capital to get started, and it’s hands-off and scalable.

You can generate sales on a platform like Shopify that automatically transfers orders to your suppliers, or you can submit orders yourself using any merchant site you want.

Takeaway

Choosing a business idea that can make you money is a personal decision, but the above business ideas will help you get started. You can pick any of them and modify them to suit your audience. The goal is not just to have an idea but to earn money from it. However, before venturing into one, you need to first ensure there’s a demand for what you plan to offer.

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Jami Farkas and Lydia Kibet contributed to the reporting for this article.

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This article originally appeared on GOBankingRates.com: 27 Best Small Business Ideas To Make Money in 2022

FAQs

What business makes the most money in 2022? ›

Let's get started!
  • Identifying the most profitable small businesses.
  • #1. Business Consulting.
  • #2. Real Estate Agents.
  • #3. Cleaning Services.
  • #4. Social Media Management.
  • #5. Creating Online Courses.
  • #6. Start a Small Business that Makes Candles or Soap.
  • #7. Payroll Services.

What businesses will do well in 2022? ›

Industries to consider for business ideas in 2022
  • Sustainability. ...
  • Pet services. ...
  • Fitness. ...
  • Digital events and conferences. ...
  • Home improvement. ...
  • Freelancer support.
11 Oct 2021

What is the most popular business in 2022? ›

The 15 Best Businesses to Start in 2022
  1. Ecommerce Store. Ecommerce experienced a massive boom due to the COVID-19 pandemic. ...
  2. Consulting. ...
  3. Online Course. ...
  4. Graphic Design. ...
  5. Digital Marketing. ...
  6. Cleaning Service. ...
  7. Affiliate Marketing. ...
  8. Dropshipping.
22 Aug 2022

What business will make me rich? ›

  • Financial Services.
  • Eldercare.
  • Business Consultancy.
  • Investment Firm.
  • Education and Training Service.
  • Insurtech.
  • Cleaning Business.
  • Healthcare Consultancy.
11 May 2022

What are the 5 most profitable businesses? ›

Most Profitable Business Ideas
  1. Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
  2. IT Support, Technology Consulting, and Repair. ...
  3. Cleaning Services. ...
  4. Accounting and Tax Preparation. ...
  5. Auto Repair. ...
  6. Real Estate.

What business will boom in the future? ›

20+ Future Business in India for 2025
  • 1) Outsourcing business. ...
  • 2) Internet of things (IoT) industry. ...
  • 3) Rise of co-working space. ...
  • 4) 3D printing. ...
  • 5) Consumer goods and services business. ...
  • 6) Business in real estate. ...
  • 7) Healthcare industry. ...
  • 8) Consultancy business.
1 Oct 2022

What will boom in 2022? ›

The 10 Fastest Growing Industries in the US
  • Oil Drilling & Gas Extraction in the US. 87.0%
  • Cruise & Travel Agency Franchises. 76.4%
  • Wedding Planners. 75.5%
  • International Airlines in the US. 64.0%
  • Travel Insurance. 62.1%
  • Tour Operators in the US. 57.1%
  • Hotels & Motels in the US. 56.6%
  • Sightseeing Transportation in the US. 48.3%

What products will be in high demand 2022? ›

12 high-demand trending products and niches of 2022
  • Clothing. The clothing industry is a big business, valued at $12 billion. ...
  • Skin care and beauty. Skin care and beauty products are having a moment. ...
  • Shoes. ...
  • Cleaning products. ...
  • Items for pets. ...
  • Coffee products. ...
  • Toys. ...
  • Subscription orders.
19 Oct 2022

What businesses are in demand right now? ›

If you're ready to take on entrepreneurship but don't know where to start, here are 14 business ideas to consider.
  • Social Media Consulting. ...
  • Senior Care Services. ...
  • Smart Product Development. ...
  • Organic Beauty Products. ...
  • Healthy Fast Food. ...
  • Healthcare Consulting. ...
  • Crowdfunding Consulting. ...
  • Wheelchair Repair.

What business makes the most millionaires? ›

The answer may surprise you: it's finance. In fact, according to Forbes magazine, finance is responsible for creating more millionaires than any other industry in the US.

What are the top 10 most successful businesses? ›

Top 10 most successful businesses to start
  • Social media management. ...
  • Cleaning service. ...
  • Business consulting. ...
  • Copywriting. ...
  • Graphic design. ...
  • Real estate brokers. ...
  • Online courses. ...
  • Pet services. For those who love our furry friends, starting a pet service business may sound like a dream job.
4 Mar 2022

What job makes you rich fast? ›

Jobs that better your chances of becoming a millionaire
  • Professional athlete.
  • Investment banker.
  • Entrepreneur.
  • Lawyer.
  • Certified public accountant.
  • Insurance agent.
  • Engineer.
  • Real estate agent.

How can I get rich in 5 years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.
2 days ago

What businesses grow fast? ›

Fastest Growing Industries to Start a Business
  • Travel & Hospitality – 201% aggregate growth rate.
  • Media – 198%
  • Energy – 174%
  • Security – 171%
  • Real Estate – 168%
14 Feb 2022

What businesses really do well? ›

Businesses in high-growth industries with lower startup costs, however, may have greater profitability potential.
...
Most profitable small businesses
  1. Food trucks. ...
  2. Car wash services. ...
  3. Auto repair. ...
  4. Personal trainers. ...
  5. Newborn and post-pregnancy services.
3 May 2022

Which startup is the most profitable? ›

You want a startup idea that will be profitable with high growth potential.
...
Top Profitable Startup Ideas
  1. Online Courses. ...
  2. Social Media Consulting. ...
  3. Web Design. ...
  4. Logo Design. ...
  5. Delivery Service. ...
  6. Cleaning Business. ...
  7. Business Consulting. ...
  8. Health and Wellness Business.
15 Sept 2022

What is the quickest business to start? ›

What are the easiest home businesses to start?
  • Dog Walking.
  • Selling on eBay.
  • House Cleaning.
  • Freelance Writing.
  • Home Tutoring.
  • Social Media Service.
  • House Painting.
  • Yoga Classes.

What is the easiest business to form? ›

The easiest business to start and to end is the a. Sole proprietorship. This is a business that is operated by one person. This means that the sole trader has all the powers to make and implement a decision.

What businesses are cheaper to buy and start? ›

20 businesses you can start with $500 or less
  • Online seller. Whether you want to sell apparel, collectibles, or whatever, you can easily get up and running online on the cheap. ...
  • Virtual educator/trainer. ...
  • Dropshipper. ...
  • Social media marketer. ...
  • Freelance writer or editor. ...
  • Sales consultant. ...
  • DIY crafts and treats. ...
  • Lawn care.

What businesses Can I start with 5k? ›

25 Ideas to Start a Business for Under 5k
  • Accountant. Before anything, you must determine what your services will include. ...
  • App Development. The Internet of Things is an exciting area where consumers demand more every day. ...
  • Babysitting Service. ...
  • Blogging. ...
  • Computer Repair. ...
  • Consultant. ...
  • Entrepreneurship. ...
  • Event Planning.
20 Jan 2022

What businesses are declining? ›

The 10 Fastest Declining Industries in the US
  • Health & Welfare Funds in the US. -35.0%
  • Iron & Steel Manufacturing in the US. -21.1%
  • Scrap Metal Recycling. -15.0%
  • Prefabricated Home Manufacturing in the US. -13.7%
  • Real Estate Appraisal in the US. ...
  • Tunnel Construction. ...
  • Activated Carbon Manufacturing. ...
  • Hog & Pig Farming in the US.

What company is best to invest in right now? ›

The 10 Best Stocks as of November 2022
  • Comcast CMCSA.
  • Equifax EFX.
  • Anheuser-Busch InBev BUD.
  • TransUnion TRU.
  • Masco MAS.
  • Guidewire Software GWRE.
  • Walt Disney DIS.
  • International Flavors & Fragrances IFF.
1 Nov 2022

What industry is booming right now? ›

Fastest-Growing Industries
RankIndustryPercent Change
1Motion Picture and Video Exhibition71%
2Scenic/Sightseeing Transportation, Land65%
3Insurance and Employee Benefit Funds62%
8 more rows

Which sectors will grow in next 5 years? ›

List of the Top Sectors in India that are Most Likely to Provide Excellent Returns-
  • Healthcare and Insurance Sector. ...
  • Renewable Energy Sector. ...
  • IT Sector. ...
  • Real Estate Sector. ...
  • Fast Moving Consumer-Goods Sector (FMCG) ...
  • Automobile Sector.
19 May 2022

What sells the most in 2022? ›

Top Trending Niches of 2022
  • Shapewear.
  • Travel accessories.
  • Healthy and beauty products.
  • Smart watches.
  • Health Care.
  • Skin Care.
  • Hobbies and Craft.
  • Lamps and Shades.
25 Aug 2022

What people are buying 2022? ›

This article will list the 35 top trending products for 2022, categorized by niche.
...
Top Trending Fashion Items
  • Athleisure. Average selling price: $20-$40. ...
  • Wide-Leg Pants. Average selling price: $15-$50. ...
  • Corsets. Average selling price: $15-$60. ...
  • Shapewear.

What do people need the most? ›

Food, water, clothing, sleep, and shelter are the bare necessities for anyone's survival. For many people, these basic needs can not be met without the aid of charitable organizations. A reliable place to receive a meal can be what's needed for a person to focus on obtaining higher needs.

What products will always be in demand? ›

There are many profitable products you can sell, including the following:
  • Beauty products and cosmetics.
  • Jewelry.
  • TV and smartphone accessories.
  • Designer sunglasses.
  • Children's toys and games.
  • Shoes.
  • Video games.
  • Pet supplies.

What should I learn to become rich? ›

As such, to build wealth, learn these valuable skills: Accounting , Investing , Marketing , Law , Sales , Copywriting , and Public Relations . To help with those and any other future skills, learn to Get to Action , Become Adaptable , and Learn to Learn .

What field has the most millionaires? ›

finance

How do I become rich? ›

To become rich, you must invest in your financial education and have a concrete financial plan. Avoid debt and deal with your financial emergencies with an emergency fund. Invest consistently for the long-term in a diversified portfolio that maximises your return and minimises your risk.

What is the fastest way to make money in business? ›

Latest 6 Business Ideas to Make Money Fast in November 2022
  1. Freelancing for Professionals. Freelancing is one of the options to earn money instantly, as the freelancer receives the money just after the project completion. ...
  2. Food & Beverage Business. ...
  3. Blogging. ...
  4. Boutique. ...
  5. Digital Marketing. ...
  6. Custom Jewellery.
28 Oct 2022

What products have the highest profit margin? ›

Beauty products such as makeup, skincare, fragrance, nail supplies, and wellness products are some of the highest margin products available. With so many suppliers and manufacturers, you'll be sure to find a great wholesale price and the items themselves are often easy to display and market to customers.

What is the easiest business to start and run? ›

Get free resources and everything you need to know to start, run, and grow your small business.
...
  • eBay Business. ...
  • Virtual Assistant. ...
  • Tutoring Service. ...
  • Interior Room Painting/Wallpapering. ...
  • Car or Boat Resale. ...
  • Social Media Service. ...
  • (Bonus Idea) Party Planner.
1 Sept 2022

What types of businesses thrive in poor areas? ›

Some great neighborhood businesses that thrive in lower-income environments include:
  • Barbershops.
  • Nail salons.
  • Pizzerias.
  • Corner stores.
  • Gas stations.
  • Well-known franchises (including those with minority franchise opportunities)
  • Laundromats.
  • Dry cleaners.
6 May 2017

What are the fastest growing businesses in 2022? ›

The 10 Global Fastest Growing Industries
  • Global Airport Operation. 47.2%
  • Global Hotels & Resorts. 40.6%
  • Global Travel Agency Services. 40.4%
  • Global Tourism. 27.4%
  • Global Airlines. 25.4%
  • Global Casinos & Online Gambling. 14.9%
  • Global Commercial Aircraft Manufacturing. 14.6%
  • Global Semiconductor & Electronic Parts Manufacturing.

Which business is best for next 5 years? ›

20+ Future Business in India for 2025
  • 1) Outsourcing business. ...
  • 2) Internet of things (IoT) industry. ...
  • 3) Rise of co-working space. ...
  • 4) 3D printing. ...
  • 5) Consumer goods and services business. ...
  • 6) Business in real estate. ...
  • 7) Healthcare industry. ...
  • 8) Consultancy business.
1 Oct 2022

What are the top 10 business trends of 2022? ›

Keep an eye out for these trends in the coming months and see if they make sense to implement for your business.
  • Looking To External Talent. ...
  • Investing In Financial Coaching. ...
  • Developing Short-Form Video Content. ...
  • Using Free Social Platforms. ...
  • Working Remotely. ...
  • Returning To The Office. ...
  • Supporting A Work-Life Balance.
22 Jun 2022

What businesses are needed right now? ›

The Most In-Demand Small Business Ideas to Consider When Starting Your Business
  • Social Media Consulting. ...
  • Senior Care Services. ...
  • Smart Product Development. ...
  • Organic Beauty Products. ...
  • Healthy Fast Food. ...
  • Healthcare Consulting. ...
  • Crowdfunding Consulting. ...
  • Wheelchair Repair.

What are the hottest startups right now? ›

Here are some of the new startups you need to know about.
...
Artificial Intelligence
  • Envisionit Deep AI (Medical Treatment) ...
  • Wasteless (Retail Waste Management) ...
  • Audioburst (Audio Library) ...
  • Neurala (Manufacturing Automation) ...
  • Tessian (Cybersecurity)

What kind of business runs itself? ›

Passive income is defined as money generated through businesses that are created and operated in ways that allow them to essentially run themselves.

What are the top 5 business trends today? ›

Whether you're a scrappy startup or part of a Fortune 500 company, here are the top business trends to know:
  • E-commerce Growth Persists Post-Pandemic. ...
  • 5G Vastly Improves Data Collection and AI Capabilities. ...
  • Employees Actively Seek Out Remote and Hybrid Work. ...
  • Businesses Expand Ads, Communities, and Commerce on Social Media.
2 days ago

What items are trending right now 2022? ›

30 Trending Products To Sell in 2022
  • Laser hair removal.
  • Head scarfs.
  • Detangling hair brushes.
  • Hair wigs.
  • Barrettes. 3 Women's fashion trending products.
  • Straight-leg jeans.
  • Swimsuits.
  • Athleisure. 4 Weight loss trending products.
5 May 2022

What is the most profitable thing to sell? ›

Some of the most profitable products that are sold online are:
  • Jewelry.
  • Beauty Products.
  • Bamboo Toothbrushes.
  • Sunglasses.
  • Watches.
  • Women's Apparel.
  • Fitness Equipment.
  • Yoga Leggings.
27 Oct 2022

What is the easiest business to get started? ›

What are the easiest home businesses to start?
  • Dog Walking.
  • Selling on eBay.
  • House Cleaning.
  • Freelance Writing.
  • Home Tutoring.
  • Social Media Service.
  • House Painting.
  • Yoga Classes.

What is the easiest thing to make and sell? ›

13 Easy Things To Make and Sell
  1. Sweet Treats. Cookies and candies and cakes, oh my! ...
  2. T-shirts. If you're not exceptionally creative, t-shirts may be the ideal things to make and sell. ...
  3. Bath Bombs. People love artisan bath bombs. ...
  4. Candles. ...
  5. Jewelry. ...
  6. Subscription Boxes. ...
  7. Enamel Pins. ...
  8. Lip Balm.
4 Jan 2022

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