13 Small Business Ideas for 2021 That Pay Well

13 Small Business Ideas for 2021 That Pay Well

Being an entrepreneur is the greatest thing that can ever happen to you, your family, and your plans. The dream of starting a business, be it a small business idea, can overwhelm and be confusing, different thoughts creeping in: “what type of business should I create? Which niche is more profitable? Or how do I start with my presentation skills?”.

Truth be told, all these questions must be answered in other to figure out the way forward. Business can be created in two forms: skilled or serviced based. So, what are you good at or passionate about?

With the rise of work from home, job crises and the uncertain economy starting your own small to medium business will require research on your side.

But, don’t worry we at Coachyvila had made up the research with our time and expertise level in other to bring the best ideas to your attention. 11 best business ideas for women will also give you more glimpses to creating a profitable business.

Skill & Service-Based Business Ideas

Video production

Video production is believed to be a huge trend in the business world right now, and businesses pay hugely to a specialist. As a video producer, you will coordinate and manage many aspects of a video production process until completion. And as a video producer, you may help with creative direction, setting a budget, writing scripts, organizing logistics, deadlines, and communicating with the team each step of the way. You should know how to stick to fast deadlines, have strong communication skills and attention to technical detail. Interested in this idea but don’t have the required skills, you can sign up with Skillshare and enrol in a video production course. You can also learn on the go while you practice with small gigs at FiverrAdobe Premiere Pro is another way to start the best rewarding business.

Online Tutoring

Online tutoring has never been so simple, with technology creating new opportunities to learn, connect and share. You should have the teaching experience with a subject-specific certification, this will help you create a trust factor with your audience and position you as a professional in the field you choose. You can deliver lectures and also interact with your students through platforms like TutorCheggtutors or individually through Skype or zoom. You can improve your teaching methods by creating engaging topics through slides and interactive activities with flipbook and bookwidgets.

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Website flipping

Is building or finding a good website for sale, you can buy an existing website which is running or dormant because of various reasons, then improve the overall aspects of it, optimizing the website for search engines BOT’s and then improve the traffic on the website. After considerable traffic and activities begin, you can now sell the website at a much higher price than you bought it for. You may need to be a tech geek and have coding experience. Onfolio.co is a typical example of a website flipping business.

Print on Demand

Print-on-demand is believed to be an advanced solution that allows customers to print the desired project according to specific demands, in any quantity, from anywhere e.g. t-shirts, manual, awards. You will need to pick a niche of choice, validate the idea via google trends, stick to your market needs and make sure that your designs will be printed products that make sense for your niche. Redbubble makes this niche easier by printing and delivering your designs to your customers. You can start by signing up free and uploading your designs to the website.

Stock photographer

Stock photography is about taking photographs that a buyer would find compelling. You love taking photos, then turn it into a money-making machine. Signing up with a stock photography site like Shutterstock and Getty images etc is your best option. These sites will keep you updated about emerging trends, which will give you an idea of what photos are needed in the market. A lot of business owner, bloggers & individuals always visit the site for image for their different projects. So you have nothing to lose by giving it a trial.

Social media manager

As a social media manager, you can help get a brand message out, what the organization is and what it offers, and also engage with the social media community. Written communication is essential and making the right visuals is a plus. Socialpilot.io is a great tool that will help in scheduling your social media engagement for the client and also improve your business in a short time.

Virtual dance show

Online subscriptions, at-home workouts, and others are the new trends so you can take advantage of these. Dancers are known for their determination and work ethic. So be sure to deliver an online dance program that is safe, effective, worthy of your audience time and money, and mirrors the culture and community of your audience origin. To start you either need to grow a subscription group on social media like Facebook or create a website with HostingerHostGator or DreamHost. You can also create virtual dance videos of a different kind and sell them as a digital product.

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Email marketing assistant

You can make an average of $25.9 an hour, That’s $53,866 a year!. This is a great way to earn a few bucks while doing what you love. Your clients pay for the time you invested in managing their emails and newsletters. You might have to be great at crafting compelling copy and also learn more about segmentation. Or, you could be a highly technical email marketer who wants to improve your copywriting skills, which can lead to a successful long-term career. GetResponse and Moosend are great tools to up your skill to any level of growths.

WordPress support

WordPress makes up to nearly 27% of the websites online today and as its specialists, you can make over $50,000 per year. You shouldn’t be a stranger to coding. From HTML and CSS to PHP and Javascript, know how to create, maintain, fix, and update, so that a website maintains a professional look and its structural integrity. No skills, no problem you can gain the required skills through training/courses on Skillshare and Thinkfic.

Content writing

Do you love writing? This is the best option for you to use your skill and earn from it. It is a dream work and a lucrative side business for many people, research and writes blogs, web content, scripts for videos and podcasts, text posts and books. When you write, keep your audience in mind and keep the content simple in terms of words so that your audience can understand what you are trying to convey. Content writing can be a full time or part-time job were you freelance with FiverrUpwork or Freelancer websites. You can also create your personal writing company + a website where business and individuals can apply for your service. This makes you look more professional and you earn more for your services.

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Translation

International companies nowadays hire translators and pay them great salaries where translators help them in communication with professionals from different languages. You should have very good interpersonal skills and also very good interpretation skills so that the difference between languages, cultures, and people must be understood in a better way. You can transcribe spoken words, interviews, podcast etc. Signing up free with Rev or Gotranscript to get paid for translating from one language to the other.

Meals-to-go

Providing great meals can result to making records of profits. You would have to prepare and deliver home-cooked meals to busy customers who prefer to save time on cooking and grocery shopping. This niche does not require investment; you can quick start right from your home kitchen, right in your neighborhood. Spread the word on social media platforms, join forum, tell friends to tell a friend. A lot of individuals earned hugely using this strategy during lockdown.

Virtual assistant

You can create a business with flexible work hours and earn based on your income targets. You can support other small business owners or entrepreneurs in a variety of industries by providing administrative, creative and/or technical services. Lift the burden from busy business owners and charge for your time invested in responding to emails, scheduling meetings, planning events or activities, etc. You need TodoistMonday.com or Nifty to plan your activities and work smarter, avoiding burnout.

13 best business ideas that pay well in 2021 are handpicked list that will help you decide on your next lucrative small business ideas. Learn how to start your own business and see whether it is the right fit for you with our supportive help at Coachyvila. If you have the right guidance, you can start your own business, and if you know the right strategies, you will trade your hours for dollars.

DisclaimerThis article may contain a few affiliate links, so if you make a purchase, I might receive a small commission at no extra cost to you.

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Beauty

Hi, I’m Beauty a Business Productivity Coach, an author and Researcher. I’m a passionate individual who have the skills and experience to make an impact in creating and growing businesses.
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