To help you find success in 2021 and the years ahead, this list of business ideas includes 21 great types of businesses. Go through all these and choose wisely according to your interests and expertise.
10 brilliant ideas coming from the experts
Starting a consultancy company can be a lucrative choice if you are well-informed and enthusiastic about a particular subject (business, social media, marketing, human resources, leadership, communication, etc.). You can start a consultant business on your own, then expand your business and employ other experts over time.
2. Online reseller
Clothing and sales enthusiasts may want to consider selling online. Although it requires a lot of time, effort, and an eye for trends, this is a very lucrative and easy business to initiate as a side hustle that you can eventually turn into a full-time reselling business. To sell your unwanted clothes, you can start by using online store websites, online selling apps, or social media – eventually expanding to your personal website.
3. Teaching Online
The market for online education has given entrepreneurs a large opportunity to launch their own projects. As this is an online business concept, regardless of your location, you can select any topic you are knowledgeable about and give a lesson. If you do not have advanced knowledge of any specific subject, try giving language courses such as English, French, Spanish, etc as a foreign language course.
4. Bookkeeping online
Just like online education, technology enables many bookkeeping services to be executed digitally. If you are an accountant or bookkeeper who wants to run his own business independently, you can utilise advanced technology to launch your own digital accounting services, calling in other companies over time as clients.
5. Medical courier service
You may want to consider launching your own courier service, specifically a medical courier service, if you have a reliable vehicle and strong time management skills. As a carrier, you will be responsible for the delivery of medical goods such as lab tools, prescription drugs, and supplies. The healthcare sector is expanding, which is good for your job stability. Once you start getting orders, you can easily expand your courier business and employ other drivers/riders to work for you.
6. App developer
There are a lot of career options in the app development field if you are competent and enthusiastic about technology. For every person around us, smartphones have become a daily accessory, which leads to increase in the demand for mobile apps. Likewise, in recent years, virtual reality software has become popular, so there is also an audience waiting for the development of VR apps.
7. Transcription service
If you have a strong hearing ability and can type fast, a transcription service is a brilliant business concept that enables you to work remotely with a flexible schedule.
You can begin with a few or multiple transcription jobs as you like if you don’t want to start all at once, or if you have a day job that you want to hold for the time being. Consider becoming a professional transcriptionist and learning a few specialties in order to improve your market prospects and justify charging more.
Typically, medical transcriptionists charge 6 to 14 cents per transcription line, which can rapidly add up. The average transcription work turnaround time is 24 hours, so it’s crucial to keep on top of the jobs that you accept. The versatility to accept just a few requests to get started ensures that you can scale up when you are ready to start slowly, making transcription an easy task. Best of all, start-up costs and overhead are very minimal. You simply need a computer, the necessary software and a platform for messaging.
8. Graphic designer
Big firms, small businesses and sole proprietors – all demand attractive promotional content, but not everyone has an eye for what actually is convincing. You can start a graphic design company to include flyers, digital advertising, posters and other entertaining visual materials if you have a creative streak and know how to arrange content into a visually appealing format. Beyond a laptop and a desk, graphic design often has the advantage of having few physical instruments.
9. Digital marketing
With every passing day, the value of the internet increases, making it harder for companies to cut through the clutter and sell themselves. Digital marketing services are often in demand, and many small and medium-sized enterprises would prefer to outsource them rather than build an expensive in-house team. You may have a business opportunity that gives you the freedom to work from home if you have skills in SEO, content marketing, pay-per-click, web creation or social media management.
Digital marketing is an integral part of a brand, so adapting to changes in the marketing strategies of your customers is crucial for you. Management of social media means checking around the clock for feedback and updates, not just scheduling posts in a “set-it-and-forget-it” mentality. Digital marketing might be the right choice for you if you enjoy carefully strategizing and executing plans. You may also consider being a marketer for affiliates, which is another form of digital marketing.
Not all businesses that sell goods also store them onsite. In dropshipping, the ones who run e-commerce sites go to an intermediary or third party to complete all orders. The third party is likely a wholesale, retailer, or other entity that runs a warehouse and delivery services. The minimal inventory and equipment required for dropshipping make it a profitable choice if you’re worried about physical space.
Is there a way to start a business without spending money?
To become a small business owner, you don’t need money. The first step in starting a moneyless company is to retain your current job and begin your small business as a side hustle for now. Then, develop your strategy and evaluate your client base, competition, and future challenges. You’ll better understand how much money you need to start your business near the final phases of this preparation.