If you are thinking of starting a business in 2021 and want to become an entrepreneur, you’re definitely in the right place. It’s essential to start with a great business idea from which you can gain profit then all you need is a bit of inspiration to go forward.
This list of small business ideas includes 11 great types of business to help you find success in 2021:
- Start an ecommerce business
E-Commerce is growing at a considerable pace. It paves the way for the change in the Indian economy, which is the best time to step foot into the world of infinite opportunities and profits. This small business idea relates to selling products without going anywhere.
Setting up an online store is as easy as it sounds. You just have to register on any online store creator like Shopify, BIZ365, WordPress, Amazon, and many others. You can also start your low-cost company and select free tools for your online business, which will help you gain 100% profits, and then slowly partner with big ventures. When you have the idea you want to pursue, be sure to review the steps for how to start your own e-commerce business in India.
Are you looking to sell your products online and start a new business but don’t have the investment to buy and store the products? Consider Dropshipping!
Dropshipping is a process where you just have to set up your online store and post products from the wholesalers, ready to pack and ship the orders to your customers. Earlier, you could take multiple routes for ecommerce like Amazon, dropshipping, or manufacturing your own products and selling them on your website. Still, with covid accelerating ecommerce, it is easier to go for dropshipping as it’s a great option at low cost. It is a good startup idea for beginners since there is no need to worry about overhead and physical space.
3. Digital Marketing Business
The internet’s importance is growing with each passing day, businesses are either moving to online or starting their own online business, making it difficult for all types of offline businesses to market themselves properly.
With more companies starting their online businesses, there’s a growing demand for Digital Marketing services to help build their online presence. You could have a business opportunity that allows you to work from home freely and potentially gain more profit through freelancing as well.
Digital marketing offers one or more of the following services:
- Content Writing
- Social media Advertising
- Web designing
- Pay per click Advertising
- Affiliate Marketing
Digital marketing is an integral part of any brand, so it’s essential for you to develop the best marketing strategies for your clients. If you enjoy strategizing and implementing plans diligently, digital marketing could be the right business for you.
4. Online Tutoring
The demand for online education has opened up vast possibilities for entrepreneurs to start their own businesses. It has become easier to share your knowledge through Online Teaching. You can choose a subject you are knowledgeable in and is in your area of expertise and start tutoring a course regardless of your locality.
You can deliver Lectures and converse with the students over Zoom or Skype, making Online Coaching the easiest online business.
There is only one essential prerequisite: having a bachelor’s degree in the subject you intend to teach, so make sure you have that before you get started.
5. Start a Profitable Blog
Blogging is one of the best online small business ideas in 2021. You need to show your expertise by creating and writing unique articles. You only need a domain name and hosting space. It’s a business idea that you can operate from your own home, or even from the road, or anywhere you are. To make money online from a blog, you need to follow these steps:
- Choose your blog’s niche based on your interest and business.
- Choose your domain name and set up web hosting.
- Select a theme for the website like on wordpress, which compliments your niche, and install all necessary plugins.
- Perform keyword research around the topics you want to write on and get to know some SEO tools.
- Help your content rank by becoming well-versed in SEO writing.
- Build backlinks and scale guest blogging sites to build Domain Authority.
- Monetize the blog at the right stage of the blog growth either by direct advertisement or Google Adsense.
6. Instagram Influencer
With the rapid rise of Instagram in recent years, consumers are increasingly turning to specialized influencers to get product advice.
But for becoming an Instagram Influencer, you should serve a small, engaged community so that you can focus more on specific areas rather than impress a larger audience. It’s not all about follower counts but engagement.
Firstly, choose your niche which you are passionate about, like gadgets and marketing to fashion or fitness, and create a lot of content on it.
Next, you have to build a solid Instagram following by posting regularly exciting content and engaging with your target audience with things like questionnaires or stories or talking about a topic which is helpful to them.
You can schedule your posts in advance using many social media marketing tools so that you are always ahead and not struggling to come up with new posts on the fly. Once you build strong followers, you can get paid to promote products via sponsored content.
With the right marketing skills, know-how can definitely make it an influencer and earn anything from posting content. And if you publish a few sponsored posts a week, this can become a profitable business.
7. Food truck
If you are an aspiring chef or a restauranteur, you might find more success with a food truck. Setting up a food-truck is relatively simple. You can buy a used vehicle like a bus or a van, get it customized for food-truck and serve up various snacks and cuisines.
You can take your favorite food style you are passionate about on the road and sell your creations directly to the customers. You can also connect to a broader customer base with similar interests. Food trucks cost much less than owning a restaurant and keeping inventory and overhead, plus there is an added benefit of mobility.
So, in the long run, the food truck business can assure you year-round income.
8. Graphic designer
Corporations, small businesses, and entrepreneurs are all on the lookout for Graphic Designers to help them with their eye-catching promotional materials, from designing digital ads, website landing pages to flyers, posters, and logos. The opportunities in this area are so vast. However, you need a high level of creativity to pitch your design skills to start your own small business.
But if you have got the prior knowledge and artistic streak that can please the audience, getting new clients can be relatively easy.
9. App Development
App development is one of the best small profitable ideas for a business. Almost all companies are looking to go digital, and they require faster and user- friendly mobile applications to reach more customers.
However, some apps in the market help you to start your online business and open your own mini-ecommerce store. For other app development types, software developer is the only medium for developing custom apps.
If you have the knowledge and are experienced in software development, you can definitely choose app development as your career.
The demand for several types of mobile apps has increased, and businesses need help in making their visions become a reality of a custom Android and iPhone App.
10. Cybersecurity Services
With the growing need for higher Cybersecurity measures, where hackers are becoming a significant threat to all types of businesses, IT experts can launch a small business that helps such companies.
With the rise of fast internet speeds everywhere, more hackers will be targeting computer systems for phishing, hacking, spyware, or ransomware attacks.
Large companies may handle such situations as they have elaborate cybersecurity departments, but small companies cannot afford such infrastructure. Here you can come into the picture and provide cybersecurity to such organizations as freelancers and prevent these attacks from happening and monitor the internet.
However, you will need server space, the software, and expertise in coding, so this could be a medium-cost business, but there is a lot of room to make money in the long run.
11. Fitness Trainer
Nowadays everybody loves doing exercise and is a fitness freak. Starting a small business as a fitness trainer can be one of the lucrative and profitable options.
You can be a certified fitness coach/trainer, or just a self-taught fitness nerd is enough to break into the industry. You have to be disciplined, do a lot of hard work and maintain your diet. You can either start a yoga class or teach aerobics or even be a personal trainer — a lot of people prefer to learn to exercise in the privacy of their homes.
The fitness industry has proven adaptable to any condition, and people are eager to take online classes to stay healthy and active. The need for fitness trainers is becoming constant and resilient. They can now reach more customers, build their followers through the internet, and conduct classes on Zoom, YouTube, Instagram live, or even Facebook live sessions. You can leverage social media to find clients and customize workout routines according to their customer’s needs at their desired cost, which is beneficial for both.
The ultimate goal is to identify the one idea from these small business ideas which will be best chosen for you. It’s more of a personal decision, but it can be helpful to ask opinions from your friends and family in the future.
Have confidence in yourself in whatever business you choose.
Always remember — Success awaits those who try!