Profitable Small Business Ideas in 2021

The year 2020 has been the worst year of recent times. Not only has the pandemic taken a toll on human lives, but it has also played havoc on the economy. Due to lockdown, many of the business activities became standstill. Employees of various companies were compelled to work from home.

But, every cloud has a silver lining. So, this pandemic has proved to be a boon in disguise. Nevertheless, the lockdown has stopped the usual business activities, but it has paved the way for the new business ideas for 2021.

Below, there are some profitable small business opportunities in 2021.

Online Writing

If you have command over the language and you are a little creative with words, you can establish an outsourcing service for online writing. There are so many avenues in this field, such as content writing, online copywriting, blog writing, and many more. Many web creators and online publishers outsource written material. You can get a lot of work from them.

Financial Consultant

Many small business firms and shopkeepers do not hire a full-time financial advisor and accountant. But at the same time, they want a solution for their finance-related problems like bookkeeping and taxation. If you have a grip over financial matters- tax laws, bookkeeping, and banking, you can take up the business of a financial consultant. It can be started with minimum investment. You only require a computer and a small working space in your home.

E-commerce Platform

Many small trading houses and stores around us do not get sufficient market space to sell their product. You can create an E-Commerce platform to showcase their products. If you have some spare space, you can create an online supply store of their products.

Online Delivery Service

If you have a personal vehicle, you can start an online delivery service. If a store has to deliver some item to a customer, they will contact you online. You will have to collect the material from the sender and supply it to the recipient’s place. Likewise, you can procure required items from the stores to the online clients on the requirement.

Real Estate Agents

It is a herculean task for a common man to sell, purchase, let out, or to get on lease a house. If you know your surroundings well, you can help these people by working as a real estate agent. A real estate agent is a middleman between a potential buyer and seller-or between a tenant and house owner. All you need is to pass an examination to become a certified real estate agent.

Human Resource Consultancy business

In the aftermath of the pandemic, most of the big companies are outsourcing recruitments. These companies engage the services of a human resource consultancy. If you have some contact in such companies and know the recruitment process, you can work as a human resource consultant. It is an online work which you can do from your home.

App Development

Most software companies outsource the work of app development. If you know coding technology and like to work on the computer, you can establish an App Development business. App development is the most sought of work at present, thanks to smartphones.

Digital Marketing

Digital marketing has overtaken all types of marketing, owing to the advent of the internet. Most companies outsource their digital marketing work. If you know SEO, content marketing, e-mail marketing, pay per click, and social media marketing, you can opt for this business.

Graphic Design

If you have a flair for artistic work and the knowledge of computer graphic technology, you can opt for graphic designing. Most business establishments like to have colorful designs in their logo and brands. You can be helpful to them.

Online Teaching

If you like to impart your knowledge, you can start online or virtual classes. At present, the students prefer to stay at home and study online.

Online Food Supply

Due to lockdown, almost all the eating-out venues are closed. So, if you like cooking, you can start an online food supply service. The extra requirements of this business plan are a delivery vehicle and a helper. Your customer can place the orders online, which you mete out by making home deliveries.

Final Thoughts

These are some of the Profitable Small Business Ideas In 2021 to help you start a small business. But it is advisable that before starting a business, assess your financial limits. Besides, get sufficient know-how of the desired business plan.