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January 1, 2021

 Irrespective of how rewarding your full-time job may be, having a small business on the side and eventually becoming self-employed may be even more rewarding. If you are thinking of starting a business in 2021, it is important to take into consideration the changes brought on by the pandemic. Obviously, the Coronavirus pandemic came with its thorns, which has practically changed our sense of normality. Even in the midst of these problems, the importance of starting up a business is still as important as ever. Due to how the Covid-19 pandemic has changed so much about how people consume products and services, venturing into any business should be done with utmost care. It is necessary to think about the pros and cons of the business and in what ways it can benefit how people live their lives.

The following are 5 profitable small businesses to start in 2021 even while keeping your full-time job:

Blogging

A lot of people actually believe that ‘blogging is dead’ and yet year after year, that proves to be completely far from the truth. Blogging is pretty much alive and will be for years to come. In no doubt, blogging is no longer a simple online diary, but now your ticket to a fulfilling career, personal growth and incredible opportunities. You can carve a niche for yourself with a good post in your blog and in no time become a go-to authority on that particular subject.   Bloggers monetize their posts in many ways ranging from sponsored posts, affiliate links, products and services.

Dropshipping

Dropshipping is a profitable business worth considering in 2021. With a minimal startup cost, dropshipping is good to go. This is made possible because most drop shipping is done by ordering goods with the customer’s money. With lots of people interested in the dropshipping business model over conventional retail, ample opportunities await you. As an aspiring entrepreneur, you do not necessarily need to own a website or a physical store to successfully operate a drop shipping business; all you need is just a reliable supplier you can trust and run ads for marketing and growing the sales.

Online education

The demand for online education has opened up wide possibilities for entrepreneurs to start their own ventures. Since this is an online business idea, you can choose any subject you are knowledgeable about and teach a course regardless of your location. If you don't have advanced knowledge in any particular subject, you can always consider teaching English as a foreign language online to students overseas.

You can make money teaching online and it can be profitable. The best part about an online course is that it's a digital product that doesn't have to be remade when you sell to different people. That's a clear difference than if you were selling a physical product like a bike or hand-crafted t-shirts.

Selling online courses is, without a doubt, a booming market worldwide, and research statistics prove it (According to recent data, the global e-learning market is going to reach $325 billion by 2025). This trend, along with the tendency of people to prefer the comfort and flexibility of their homes, encourages them to explore new ways of developing skills online. Becoming an online instructor means you could be earning anywhere from a few hundred dollars per year to a six-figure income.

IT & Telecommuting Consulting Business

Networking is not going anywhere anytime soon. Networking has laid its foundation on human referrals for growth. Since the world has gone digital, networking is also going digital. Basically, any business can thrive on peer to peer marketing. This ensures sustainable growth and progress of businesses. In 2021, anyone that can pull a number of referrals for a business will be a well sought-after individual.

During the height of the pandemic, all companies (aside from those deemed essential by the government) were working from home. For some companies, the transition was seamless. For others that were less prepared, it was a bit hectic. Now that things have levelled off, many companies have returned to the office, but some are staying home for the long haul or permanently. Even those that have returned are considering the potential impact a second wave and a second work-from-home order could have on productivity.

IT & telecommuting consulting companies can help ease this transition by:

  • Recommending and taking steps to implement the right technology to allow people to seamlessly work from home,                      
  • Migrating local networks to the cloud, allowing workers to access files normally stored on local servers from home.                                                                 
  • Protecting company and customer data by boosting cybersecurity 

    You can jump on this profitable small business opportunity by creating a company that helps make this a seamless transition. Now that people understand the risks of not being prepared to work from home, decision-makers will take steps to help make this a stress-free process.

Content writing

Nowadays, every company is making efforts and jostling for recognition on social media. As a content writer, it is your responsibility to make the public aware of a company’s business. It is your responsibility to promote a brand on Facebook, Twitter, LinkedIn, and other social media platforms of this type. Besides that, you need to be really creative in making copies of infographics, writing captions for posts on Facebook, Twitter, etc. Even with all the talks of global “content fatigue,” major publications both on and offline must keep publishing content or die. This is why your job as a content writer is still and will remain relevant. Most popular Word Press blogs, magazines, and journals remain hungry for quality content writing and many are willing to pay for it too. You’ll do well by working to find the best writing opportunities, understanding that success won’t happen overnight, and that freelancing for these publications is still a smart way to make money online as a writer especially in the year to come.

Regardless of what many businesses experienced in 2020, there should be no cause for alarm going into 2021. Small business owners operating out of fear right now stand the chance of suffering more losses to competitors who are investing in their customer engagement to stay afloat. Take the bold step and capitalize on available opportunities.

 

 
Image Source: Freepik