Are you looking for a successful profitable small business ideas to start in 2021? It’s good to know that you are interested in knowing the lucrative small businesses ideas you can start in 2021 and trust me, that’s a step in the right direction.
With the rise of the digital economy and the “economy of the individual,” more people than ever want to start a business and be their own boss.
A survey suggests that over 63% of 20-somethings are keen on starting their own business for the first time. The fact that you’re reading this article means you are on the same page and may even want to start a part-time side hustle.
All you need is the right business idea to make it big. For example, this blog was just a business idea at one point but it now generates substantial income for me! Right!
I am very aware that COVID-19 has changed the business landscape, and in fact, if you’ve now found yourself without a job, or, are looking to create some financial independence in your life, then there’s no better time then the present to open a new business.
There’s no better time to start a business because we’re at the cusp of what will become some entirely new industries and ideas that will span as a result of the virus, which has created havoc for some industries and created a real boom for others.
I am mindful that the small business has changed now as a result of COVID-19 and the current recession, which we’re (hopefully) now exiting.
Many of the businesses listed below are potentially even more suitable now considering the current situation in the world. I believe the small business listed below will be successful in 2021. So, let’s review:
Profitable Small Business Ideas To Start In 2021
1. Agric Business
During the pandemic saga, it became clear to the world how important Agriculture and food are to the nation most especially 3rd word countries.
Also only essential commodities like food item sellers and related products and services were allowed to continue their trade.
This is the best time for a farmer ever and young people to in venture into these niche because by 2021 there will mass demand of food items And you don’t necessarily have to be on the farm to be a farmer these days.
You may outsource your farmers while you own your land or visa or you could even be an investor in farming.
2. Blogging and vlogging – Profitable Small Business Ideas To Start In 2021
The startup costs on starting a blog are really low. You have the cost for the domain, which is usually around $10 per year, and your hosting fees, which you can find for as little as $50 per year.
Also you can equally start vlogging like opening YouTube channel where you give a good video torturing on niche you know better on and stand the chance of generating tons of traffic and income from the video, if all things being equal.
3. Copy writing
Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. The product, called copy or sales copy, is written content that aims to increase brand awareness and ultimately persuade a person or group to take a particular action. Wikipedia
content writers are in huge demand, especially for digital marketing purposes. If you have a knack for crafting engaging stories and writing articles, then you can turn your skills into a lucrative freelance writing business.
From website copy to blog posts and email newsletters, you can write content for a variety of things. Experienced freelancers earn anything between $1000 to $5000 in a week.
You can also take up editing and proofreading work to help clients upload error-free work.
Freelance content writing offers you the opportunity to earn from any location. Check out these content free writing courses to polish your skills further.
If you are starting out, you can find work on websites like:
- Flexjobs(my #1 choice)
Once you build your portfolio, you can even launch your own website where you can welcome inbound leads. Other than this, you can connect with potential clients on social media platforms like LinkedIn.
If you can leverage your writing to tell a compelling story while convincing customers of the need for your product, there is no limit to the growth your business can experience.
3. Creation of digital product
A digital product is any product you sell online that doesn’t have physical form or substance. You create a digital products like e-book, music, stories, photography, data analysis and tutorial of all kind and generate tons of passive income after upfront work.
4. GRAPHIC DESIGN
Companies are always on a lookout for graphic designers for branding purposes.
From designing marketing collaterals, including banners, posters, and logos to creating stunning designs of landing pages, the opportunities here are immense.
You can pitch your design skills to small business owners or individuals to start your gig. Graphic designers can also join freelance websites like Flexjobs to find relevant work.
If you have prior knowledge of this field, then getting clients would be helpful. However, learning the basics of graphic design from scratch is pretty easy, with a vast number of online courses.
5. DEVELOP AN APP – Profitable Small Business Ideas To Start In 2021
There is an app for anything and everything – and they are making thousands of dollars. Bet you won’t be able to find a niche for which there is no app built yet.
The best part is that you don’t have to worry if your coding skills are good or not. Head to this course to learn about how you can build apps with little or no coding skills.
But before implementing it, do some market research about the competition, revenue model, and feasibility of the app.
Look at some of the successful apps, including Instagram, Snapchat;and tiktok all were built for a specific target audience and are now worth billions.
6. Consulting services
Businesses of all sizes are willing to invest in consulting services, sometimes spending thousands, and even hundreds of thousands of dollars a year on consulting services. Perhaps you have a skill or were educated in a particular function, maybe even from a previous job. You can use those skills to offer consulting services to other businesses.
7. Cleaning services
As families and households get busier, they look to outsource more of the responsibilities in order to free up their time. You can create some flyers, post them in your geographic area, and offer to clean homes for others. Cleaning is especially relevant now with people’s senses heightened because of viruses. You can open a business offering special COVID cleaning services, and even offer a “seal of approval”.
8. Tutor services
If you are a teacher or can teach, you can make use of advances in video conferencing to reach people in need of tutors. Using platforms like Zoom and Skype, you can teach clients from the comfort of your home.
9. Video production
Have camera, will travel. OK, this was similar to the wording I use with the food truck, but, same holds true for video production as well. If you have skills in video production and editing, then you can offer to take videos for births, weddings, parties, or other occasions.
10. Real Estate Broker
This one is somewhat trickier to get into, but, perhaps you have a skill or experience in real estate sales. If so, you can consider getting your brokerage license, and opening real estate brokerage service.
If you have the ability to procure products in demand at lower prices, then you can start a lucrative dropshipping business by reselling those products at third-party sites like eBay or AliExpress.
Dropshipping is a concept in which sellers procure products in bulk from suppliers and sell them further to the end-user.
12. Food Truck – Profitable Small Business Ideas To Start In 2021
Have truck, will serve food. I’ve been to two adult parties in the last year where the adults hosted the party at their home, but, the people hosting the party either didn’t have the time, or inclination to cook a meal for 30 to 40 people. If you have skills in coking, perhaps you can offer your services.
13. Start forex trading
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Wikipedia
Though there is huge amount of risk involve in forex trading because of the volatile nature of the business, so we advise before you start trading you should take series of tutorials or classes to ensure making profit from it.
But I love blogging and trading of is a very lucrative business and a passive income businesses.
Hopefully, from few of this business listed above you’ve been inspired and good luck with your business and wealth-creating journey.