Small Business Ideas for Women in 2021
The year 2021 has already proved itself to be worthy enough to find a place in the book of history. Wait a moment if you are going to sigh in disappointment yet again, all is not lost. No, it is not a preaching place you are in, it is a place where ideas run like flourishing rivers and we are more than happy to show you.
If you are thinking that all hopes and means of opening a new business, especially for women in 2021 is lost, think again. The world is transforming into a more progressive, rational world and gender discrimination is gradually diminishing.
So why is that there are still a far lesser number of women entrepreneurs than men on an average?
But it is never too late to change that. The trick lies in merging ideas with talent. So if you are a woman talent fired by passion- this might be the place you want to be in right now.
It is worth noting that forming and sustaining ideas can be a bit tricky. It is common for motivated women entrepreneurs to struggle with business ideas- sometimes these ideas do not work in practical life or some are too vague. So if you want to be your own boss but not sure what is the most suitable business idea for you, remember, the ideas are plenty more interesting than you think and you might just stumble upon the perfect business idea for you.
But it is important to know yourself, your interests and talents first before you step into the market.
Perhaps trying to consider the following questions would be helpful-
What you need out of the business?
Are you looking for a work-from-home environment or is it a second income that you need? Do you want to contribute something to society? Or be an entrepreneur?
It can be any of the above and it is up to you to clear your mind and decide what is it really that you need your business for?
What are you good at?
You have your talents and your hobbies. Now, your talents might be obvious to you if you are a musician, photographer, videographer or artist. But if you are not but stuck in a job that you know is not the calling of your passion, then turn to your hobbies, you might just find the ultimate treasure there- something you are good at, be it candle making, writing- anything, all you need to do is to identify your skills.
It must be remembered that starting a business is no cake-walk, it would require a lot of time, energy and even sacrifice.
What would you like to learn?
Sometimes, our best skills are yet to be learnt, things which interest us the most are not always the things we are skilled in. So it is up to you to decide what are the fields or activities that interest you- after all, it is never too late to start learning and working.
Now that you have considered the above crucial questions, let us look at the business ideas and discuss these ideas so that we can help you make the right decision carefully.
Business ideas for Women
#2 Affiliate Marketing
#3 Freelance Writing
#6 Social Media Influencer
#7 Sell on Amazon
#8 Life Coach
#10 Owning Rental Properties
#11 Social Media Manager
#12 Fitness Trainer
#13 Soap Making
#14 Teach or Tutor
#16 Interior Designer
#17 Stock Trading
#18 Hobby Classes
# 1. Blogging
Blogging is one of the most suitable businesses for women, the best part about blogging is the advantage of working from home. Who would willingly risk their health by spending hours outside in a cramped place full of people these days? So why not the comfort and security of your home. If you have command over language and enjoy writing about objects and subjects, maybe blogging is your calling.
All you need to do is to build a website and write articles about anything you like. Once you are able to bring enough visitors every month you will start earning. One of the smartest things you could do in order to gain more loyal followers is to integrate your blog into an app. Creating an app for your blog provides you with countless opportunities, not many bloggers do this due to lack of technical knowledge but there are many web and app developers like Vervelogic in the market to help you out.
#2. Affiliate Marketing
Affiliate Marketing is the process of earning a commission by promoting other people’s or company’s products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make. Affiliate Marketing is one of the most popular ways through which people make money online. If you are good in business communication and now the tricks of pursuing or attracting customers for product-sale, Affiliate Marketing might be the one for you.
#3. Freelance Writing
A Freelance Writer works on a self-employed basis, you would have the advantage of working from home. Freelance Writers can write for one or several clients(companies or publications, mostly magazines) at a time. As a Freelance Writer, you would be able to charge according to the amount of work you would have to put in a project.
A proofreader assures that the written content is free from any grammatical, syntax, punctuation, typographical, spelling or formatting error. You can use your judgement, skill and experience in perfecting the work of an author, editor or designer/typesetter by checking the content and marking the amendments. People want to be confident that their important text is error-free and well approved, a professional proofreader is the best option for that.
Bookkeeping is the recording of any financial transaction and is the part of the process of accounting in any business. Transactions include purchases, sales, receipts and payments by an individual person or an organisation/corporation. The bookkeeper brings the books into a trial balance stage that can be useful to the accountant. It is a good means of earning money for many and as your business expands, you would take up more clients.
#6. Social Media Influencer
Influencers on Social Media are the people who have built a reputation for their knowledge, expertise and authenticity on a specific topic. They make regular posts about that topic in their preferred social media channels and generate a large number of following of enthusiastic, engaged people who pay close attention to their views. Social Media Influencers can earn on an average 1000 UDS per 100,000 followers.
#7. Sell On Amazon
Not just Amazone, there are several such shopping sites online like Flipkart and Snapdeal where you can open your own online shop. As intimidating the process might have been thought of, it is quite straightforward and simple. Think of the Government Make In India project, it promotes similar online shops and businesses. The options are plenty. You can find good deals on products from offline/physical stores and resell them online at a higher price.
#8. Life Coach
Are good at counselling, do you enjoy helping people, if so, then being a Life Coach can be a fantastic option for you. In these hard times, the word’ stress’ has become as common as ‘uncertainty’. The day to day stress people experience can be a burden too heavy for some, even causing extreme emotional and even physical issues. You can help people through Life Coaching by charging a decent amount, as your business expands, so would your income grow.
A transcription is a document created by typing everything that is heard from either an audio or video. There are various ways to transcribe audio or video content and there are many possible reasons for the need for transcription. Typically, transcription is for subtitling work which is much more intensive. A transcriber generally earns around 15 USD per hour.
#10. Owning Rental Properties
Passive income from rental properties is not as bad as some people believe them to be, actually, it’s quite a smart and cool way to earn money and even smarter to turn into a business. It could be anything, house, plot, furniture, cars, electronics, decorations, halls- anything possible, even quilts, attires and pieces of jewellery.
However, it is very important to have an organised structure in this business and the best option is to create an app for this so that you can own an official online store and grow your network easily.
#11. Social Media Manager
Social Media Managers are in charge of representing a company across all the social channels. They respond to comments and create engaging contents in order to influence and attract the viewers towards the company works or products. Social Media Managers provide organisations with the guidance required to enhance their online presence.
If you have good experience or skills in improving online traffic and optimizing brand awareness, this might be the business opportunity for you.
#12. Fitness Trainer
The pandemic has taught us many crucial life lessons in a twisted manner-one of them is health being one’s most important asset. Here comes fitness awareness and now that the craze for fitness is at its peak, it does not matter whether you are taking online fitness classes or you are physically present with the enthusiastic people to guide them. If you are an exercise enthusiast, becoming a fitness trainer could be a satisfying career choice for you.
#13. Soap Making
Organic products are new norms of living and soaps and sanitisers are the two most in-demand products in the market and they are to stay so for a long time. So what is a better option than a bar of handmade, customised soap? People are drawn to natural and authentic products and if you enjoy making soaps with aromatherapeutic properties- why not choose Soap Making?
#14. Teach or Tutor
The world has never stilled, even though on the surface it might seem so. Education is essential in this world and what could be better than online classes- as a hired teacher or a tutor. This is a profitable business once you have a grip over the number of students. Tutors for school children are especially in demand in India. So if you have got a knack for teaching the subject you excel in, why not? The earning might fluctuate initially but as demand for your increases, you can earn a lot more than imagined.
If Photography is your calling, then the talent can be something that pays off significantly. You can start by posting your shots online on various social media, write small descriptions about them. When you get into the business, you will have to build a portfolio. You can submit pictures to magazines, upload images online.
#16. Interior Designer
Are you a creative person who likes to decorate rooms? Do you often come up with out-of-box ideas of fitting things and furniture perfectly so that not a single item seems out of place? With good skills in sketching and visualising, creative writing might be the option for you. You can start by making YouTube Videos, posting promotional content online, social media is a great platform for that and you would soon see your business flourishing.
#17. Stock Trading
A stock trader is someone who buys and sells stock shares. Trading for a living means you have to be consistently profitable and draw income from your profits. Careful and smart choices combined with good experience and right guidance can yield surprisingly good results
#18. Hobby Classes
We have discussed online tutoring but what about hobby-classes? Teaching something you enjoy doing, especially crafts can be both fun and profitable- sounds like an ideal career dream right? Well, this dream can take the shape of reality with online hobby classes- it can be anything, sewing, cooking, knitting, painting, candle making- the options are innumerable.
As mentioned before, there are plenty of options, with the government extending its support to small-scale businesses and the low rates of interest in loans, this can be an excellent chance for you to come up with some out-of-the-box business ideas and set the train going for the marketing world. What are you waiting for?