Whether you’re looking to start a side hustle or get yourself a full-time job, running your own business can be the best route to both.
The opportunities on the internet are endless. Yet, it’s never clear which ideas you should implement when starting your own company. Entrepreneurs can waste long months of hard work on a project that was guaranteed to fail from day one.
Trevor Stuart, founder of letsgetoptimized.com an SEO toronto company revealed 10 new opportunities that will be focused by new business seekers in 2021
So in this article, we’ll share with you the best 10 new business opportunities to get into in 2021.
Let’s get started!
1- Affiliate Marketing
Affiliate marketing is an excellent option for bloggers to earn commissions by promoting products and services. It’s one of the best ways to monetize your content marketing efforts and earn passive income.
The way it works is simple:
You’ll start an authority website specializing in a specific niche where you create content regularly. Once you drive enough organic traffic to your site, you’ll choose an affiliate program and promote its relevant products.
For each sale you generate, you’ll earn a piece of the profit based on the product and seller. Therefore, the sky’s the limit for how much you could make each month.
There are lots of affiliate programs to choose from based on your niche. The most popular ones are Amazon Associates, ShareASale, Clickbank, and Rakuten.
2- Online Tutoring and Courses
Do you have any hidden talents or extensive knowledge in a certain domain?
You’ll be surprised by how many people are ready to pay to learn the things you considered common knowledge. You can teach that to thousands of students on the internet and make a living.
The good news is:
Online tutoring has been on the rise for decades. And with COVID-19 imposing restrictions on our everyday lives, it has gained more popularity. Today, it’s a common practice among students to learn anything from home by paying for online classes and courses.
3- Ecommerce
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Ecommerce is the perfect solution for businesses and individuals who are looking to grow a strong brand in today’s economy.
For starters:
Moving away from the traditional brick and mortar store will allow you to cut your costs significantly. You can then focus your starting budget on marketing and product development.
Also:
Selling your products online provides you with more autonomy in terms of customer service and order fulfillment. For example, you won’t have to worry about your local store being open 24/7.
More importantly:
Your options for growth and expansion are unlimited. You have the ability to target international customers through multiple business models.
4- Copywriting
Starting a content marketing business is the dream for many aspiring writers.
Why?
As a copywriter, you can work comfortably from home without worrying about schedules or daily commutes. And if you’re dedicated enough to grow your business, you can build a strong network of recurring, quality clients that will make content writing a full-time job.
Fact is:
Content marketing can bring phenomenal results to businesses that are consistent with their publishing schedule. So the demand is there!
Ready to get started?
You can find daily new offers on job boards such as ProBlogger, BloggingPro, and All Freelance Writing. Create a few samples to build your portfolio. Then start applying to jobs in your niche to get in front of prospective clients.
5- App Development
The number of online apps has been on a steady increase over the past decade. Today, there are more than 2.87 million apps available on Google Play and 1.96 million apps on App Store.
Many companies have moved away from the traditional ways of interacting with customers. Business owners today understand the major effects an app can have on branding and user engagement.
Consequently…
The need for app development experts is on an even faster trajectory. And the cost of app development tools has gone down.
This might be the perfect business idea if you’re into coding and software development.
6- Print On Demand
Print on demand (POD) is a business process where orders are only fulfilled after they’re placed by customers. That makes it a very low-risk business strategy that doesn’t cost a lot to execute.
For example:
You can sell designs for t-shirts, mugs, or phone cases and work with a supplier to print the product once an order is placed.
The great thing about this business model is logistics outsourcing. You won’t have to worry about product quality, payment, or shipping — which allows you to scale your business much faster.
7- Graphic Design
Businesses in all industries need to develop and maintain a professional image for their brands. But to do that, they need help from graphic design experts who can create eye-catching promotional visuals.
That explains why graphic design is a highly sought-after skill in marketing and communications.
If you’re the creative type who enjoys putting together visual concepts, graphic design is the way to go. You can easily land offers to create different content formats, such as online ads, flyers, brochures, business cards, and more.
8- Virtual Assistant
Do you have excellent organizational skills and some basic IT knowledge?
Then you’re the perfect fit for a virtual assistant (VA) job.
VAs are highly demanded by solopreneurs, small companies, and even big corporations that need assistance with day-to-day administrative duties. So, this is a great opportunity for anyone looking for an additional source of income without much experience.
To get started, you can find virtual assistant jobs on the following freelance websites:
9- Website Flipping
Website flipping is the process of buying an existing website that isn’t doing well — then improving its design, site structure, and content to sell it again for a profit.
Truth be told:
You need some prior knowledge about web development and digital marketing to succeed with this model. That will allow you to strategize and make well-informed decisions about which steps to take and when.
The amazing thing about website flipping is how easy the process becomes once you’re an expert. You can buy multiple websites simultaneously, find ways to improve them, and sell them all within a short period for a significant profit.
10- Video Production
The consumption of video content on the internet has only been going up. As a consequence, video production is becoming a great marketing tool for brands of all sizes.
Starting a video production company is a lucrative investment now and in the future.
As a start, you’ll need some software for editing and production as well as equipment to shoot your videos. After that, you must practice video production to create a few portfolio samples to show to prospective clients.
Conclusion
There are no secrets to starting a successful business in 2021. We’ve shared with you 10 foolproof business opportunities to jumpstart your future. All you need now is to pick one that’s most relevant to your skills and be consistent with it.