Now is the perfect time to finally start your own small business. If you’re not sure where to start, check out 10 of the most popular online small business ideas in 2021.
Have you always dreamed of owning your own small business? Aspiring entrepreneurs and CEOs may have put their list of business ideas on hold in 2020, but the truth is that now is the perfect time to start planning your own business, especially an online one.
Even better, you can even start your online business without any money if you start it part-time or are trying hard to raise capital.
Over the past year, many of us have re-evaluated our day-to-day jobs, our plans for the future, and our financial goals. If you’re ready to kick off the new year with a plan to bring your business ownership dreams to life, these business tips can help you get started.
How to decide what kind of small business to start
Some aspiring business owners already know the type of small business they plan to run. Others might have a few new business ideas or diversified interests in different niches. Often anything that stands in the way of a potential business owner becoming an entrepreneur is a solid starting point.
I recommend identifying the industries where you want to start your ideal business, then doing competitor research to understand who your competitors are, what they offer, and what they might be overlooking.
From there, it is possible to develop a solid business plan based on a product or service that is lacking in the market.
If you’re still stuck for ideas or want to understand the hot industries, here are 10 of the best small businesses to explore in 2021.
1. E-Commerce Dropshipping
Technology makes it easier than ever to buy and sell goods. Even better, with dropshipping services, you don’t even have to host the products listed on your e-commerce site.
If you have a large social following or an eye for finding great products, you’ll be able to list them on your eCommerce website without worrying about stockpiling inventory. Instead, you’ll focus on growing your audience, improving your website, and picking out in-demand products.
To get started, you’ll want to partner with a dropshipping provider such as Oberlo, Doba, Dropified, Worldwide Brands, or SaleHoo.
2. Website Flip
You’ve heard of house flipping, but website flipping is one of the new trends in 2021. Although the practice has been around for a while, website flipping has become even more popular as more and more people find themselves working remotely and from home.
The principle of website flipping is simple: you find a website that is already working with a decent audience and you buy it. Then you improve (or add) content, improve the design, and use SEO best practices to attract an even larger audience. Once the website performance improves and revenue increases, you can sell it for a profit.
If you’ve always wanted to own your own blog, online store, or niche website, but don’t want to spend time building an audience base and creating content from scratch, website flipping can save you a lot of time while bringing you a profit sooner.
3. Career support
Do you have a knack for identifying a person’s talents, strengths and weaknesses? Do your friends and colleagues compliment you on your motivational attitude and positive attitude? If so, you might want to consider starting your own career coaching business.
The rising unemployment rate has caused many people to wonder about their next career move and seek more fulfilling and secure careers. Many of those who are unemployed, between gigs, self-employed, or simply dissatisfied with their day job are looking for career advice to guide them to their next job.
You may want to get a career coaching certification and then start marketing your career coaching services. You can market yourself through social media, content marketing, and digital ads, or sign up for career coaching jobs through platforms like Coach.me.
4. Online Creator
If you can turn a sentence, create stunning visuals, animate captivating videos, or offer some other kind of creative service, forming your business around your unique strengths can make sense.
There is always a demand for freelance and contract writers, creative directors, graphic designers, content creators, video animators, videographers, editors, web designers and web developers. You can market your services on freelance sites, such as UpWork or Fiverr, and expand your team as you receive additional projects and partnerships.
5. Home catering or meal preparation service
If you’ve ever imagined owning your own restaurant or catering business, you might be hesitant to start your business during a global pandemic. However, many people still need catering services and are willing to pay for them.
According to Restaurant.org, consumers increased their take-out spending during the pandemic in 2020, and the numbers are expected to continue to rise.
While it might not make sense to open a traditional restaurant right now, you can offer meal preparation or catering services. Many people are looking for healthy or restaurant-quality meals delivered to their doorstep. This means you can hire “servers” who deliver food or even create a kind of food truck that serves all the major areas of your county or town.
6. Application Development
Tech jobs aren’t going away anytime soon, and as new ideas emerge, there’s a need for talented app creators and developers to help bring these concepts to life. Application developers can generally work from anywhere in the world and market their services on online job boards, freelance websites, or by promoting their own development company online and through social media. social.
7. Photography Services
Families may not need photographers as much as they did before the pandemic, but if you want to open your own photography studio, there are still plenty of ways to approach this business model in 2021.
Stock photography is always in high demand, especially as more and more people create their own websites and e-commerce stores. You can partner with stock image sites, such as Shutterstock or iStock, or market your services directly to marketing agencies and design firms.
8. Virtual instruction
This category is extremely broad, as teaching and online education is in high demand in a variety of niches. If you have teaching or tutoring experience, starting your own online tutoring business is a great idea, especially if schools in your area are still teaching remotely.
You don’t need to have an interest in academics to become a virtual instructor. You can create your own YouTube channel or other media channel and create instructional videos on cooking methods, dance lessons, workout guides and much more. Whatever your passion, there is a need for online teachers.
9. Social Media Consulting
If hard-hitting captions and eye-catching images are second nature to you, a social media consultancy might be right for you. Many businesses need to expand or improve their social media presence and target younger or different audiences. You can offer your services on freelance sites or market yourself directly (using your social networks) to work with the clients of your choice.
You may have imagined owning a small shop full of homemade items that you made and bought locally. The good news is that many people want well-made items from local artisans.
You can create your own e-commerce store or publish your products on Amazon or Etsy. You’ll have to handle the shipping yourself, but as long as you plan ahead, this could be a great way to launch an online brand and get more attention to your products, furniture, or home decor. by hand.
Don’t stop on your small business dreams
You may be dreading the adventure of small business ownership right now, but 2021 is full of unique business ideas for hard-working, dedicated entrepreneurs.
If you’re finally ready to start your own business and become your own boss, start taking the steps to build your business, create a thorough business plan, and start making your big idea a reality.