Are you one of those whose work-life balance took a toll during this pandemic? Are you planning to run a business of your own? Have you also thought of starting a business together with your partner?
Are these questions still bothering you? Don't worry, you are at the right place. Here in this article, we are going to tell you about Side Hustles/Passive Income Sources you can run on with your partner.
Starting a business together doesn't mean you have to leave your current job. Instead, you can start a side hustle along with your partner. If you and your partner want to start a business together in 2021, then you’ll pick a business idea that aligns with your passions, skillset, and has the potential to be profitable.
Communication is a big tool for succeeding, as a business couple, it will help you define your roles and responsibilities, sharing your thoughts and opinions and accomplish your short and long-term goals. There are several side hustles you can think of, for generating passive income. In order for you to pick one, here's the curated list of 12 such passive income-generating sources.
1. Catering Company
2. Coffee Shop
3. Online Educational Resources
4. Wedding Products and Services
5. Start a Blog/Vlog
6. Subscription Model
7. Home Rentals
8. Fitness Instructor
9. Travel Agency
10. Landscape and Garden Consultancy
11. Consultant
12. Cake Shop
1. Catering Company
If you and your partner are good cooks, then you may consider starting your own catering business. In this business, you're able to please your clients while indulging your love of food and people. In the beginning, you can start with the cloud kitchen concept or if you have any space, you can open a physical outlet as well. Catering services coordinate the preparation, creation, delivery, and presentation of food for clients. You'll have a lot more creativity, freedom, flexibility, and the ability to help customers and clients with their needs. The success rate of catering businesses can be higher than a restaurant because the overhead is much lower.
2. Coffee Shop
A coffee shop does not require a lot of space, and having a limited menu is a good way to focus on this business idea. You can start your own theme-based cafe, where you can come up with your ideas of menu, creativity and interiors. Improving customer service for a cafe on a long-term basis should be a priority for every cafe owner. Customer service is not just about replying to clients’ questions and handing out free vouchers. It is about forming a connection with the customers to ensure a positive and long-lasting business relationship. Many coffee shops are lucky enough to benefit from regular and loyal customers. Coffee is not just a drink, you can attract all kinds of different people who love social interaction. Coffee is a ritual that many people aren’t willing to give up.
3. Online Educational Resources
Create educational resources from outside of your area of expertise, you’ll have fun and learn a lot along the way. Selling online courses, e-guides, instructional manuals, advice books, or virtual tutoring sessions are all inexpensive ways to start an online education business. You can keep your costs to a minimum while you grow your business. This is an ideal business for a couple. You can include customized video or lesson plans and also include different online course curriculum. One can focus on creating educational resources while the other can focus on the business development, accounting, and marketing side of the business.
Souvik Dey
4. Wedding Products and Services
If you also think that wedding products and services are putting a lot of cost into your pocket, then you can think of this business. The business opportunities in the wedding industry are pretty extensive, which means you can likely find something in line with you and your partner’s interests and skillsets. You can offer unique wedding planning products and services to your clients at an affordable price range. Weddings bring families and friends together to celebrate a lifetime of love and happiness. Many people plan their weddings long before they have a potential life partner. If you have any wedding-related products and services to offer couples, get your business rolling by reaching out to every wedding planner you can locate.
5. Start a Blog/Vlog
If you're also creative, you can start a personalized blog/vlog along with your partner and turn it into a business. It may sound boring but it would benefit you financially. You can start with either of the two blogging or vlogging in which you are comfortable. You can write down your thoughts and having readers understand certain topics or start creating video content that you think your audience may like. Vlogging has become quite popular these days. You would have noticed people documenting their travels or talk about wellness & lifestyles on their vlog. You can start your own youtube channel, just like other couples, that adds value to your audience.
6. Subscription Model
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product. Well, if you start a subscription model business, you’ll have a much better chance of retaining customers and receiving sales from them on a weekly, monthly, or quarterly basis. You can think of what you are passionate about and start sourcing the products. Like if you have an interest in movies, dramas, and all then you can think of creating a website via which you can provide free downloads of the same and after a certain point, you can charge the subscription amount from the user. Subscription businesses are constantly evolving and adapting.
7. Home Rentals
Starting a business doesn't mean you have to come up with all new items or increase your overhead. You can earn a side income with a small side hustle as well. Owning a property is the first step to being a rental property business owner. Rental properties can be a fantastic way to build equity and create passive income. You can renovate your house and turn it into an income-producing rental in a month. It can be started with zero investment as well. Just rent out a small portion of your house to someone who is seeking it. Later on, you can renovate or increase the area as per the need of the tenants.
8. Fitness Instructor
If you're a couple that runs and hits the gym together, launching a fitness business could be right for you. A Fitness Instructor, also known as a Personal Trainer, provides training and instruction of fitness programs to individuals and groups. The Fitness Instructor engages clients in exercise routines and weight loss programs and helps them to reach their individual goals. If you and your partner specialize in the same area, you can double the number of sessions or classes. If one of you is a personal trainer and the other teaches a class, you can expand your client base through your service variety.
Fitness Instructor Responsibilities:
- Support the development and delivery of fitness programs.
- Assist members in reaching individual goals.
- Assist in maintaining and improving the goals of the organization.
- Ensure the safety of clients during training sessions.
- Conduct an initial assessment of clients' body measurements.
- Monitor BMI regularly.
- Motivate clients who have reached a plateau in weight loss.
Baishali Das Adhikari
9. Travel Agency
If you're a couple who loves traveling around the world you can think of opening a travel agency to help others experience wonderful vacations. While traveling isn't necessarily at the top of everyone's mind during the pandemic, once normalcy returns, those who have been cooped up at home for the past year will be itching to plan getaways. Your travel business agency can help them plan, choose, and arrange their holiday. You can offer advice and opinions on where to go to local tourist attractions, events, and customs as per their budget.
10. Landscape and Garden Consultancy
This pandemic has created a new generation of enthusiasts who have found landscape-gardening not only exciting but also a source of passive income. People have started turning their small backyard into a garden not just for time pass but also to meet these daily price hikes in vegetables and fruits. So, if you mastered gardening, you can take this talent as an opportunity to create a passive income. You can become a Landscaping consultant to help homeowner to come up with a concrete plan of what and how should it be done and guide them on the best areas to plant trees. A well-designed landscape will add value to the home, boost its curb appeal, and potential buyers may be inclined to pay higher prices.
Rishita Jain
11. Consultant
As a couple you can start with small consultancy services. A consultant is a professional who provides expert advice in a particular area such as business, education, law, regulatory compliance, human resources, marketing (and public relations), finance, health care, engineering, science, security (electronic or physical), or any of many other specialized fields. Based on both skillsets start giving consultancy services. Nowadays mostly all people want to take advice from an expert. Working as a consultant is renowned for being challenging, diverse, and rewarding.
12. Cake Shop
Covid-19 has not only come up with hard times but also left an exciting opportunity one can think of. The baking craze has ramped up during this pandemic. If you also love baking you can check out this option as well. You can start with home baking and slowly and gradually turn it into a physical outlet. You can sell your products via social media or networks.
FAQs
What business should I start in 2021?
There is a big risk in starting an in-trend business idea but it can be highly rewarding as well. We have listed some of the trendy and highly growing popular business ideas.
- Dropshipping
- Virtual Assistant
- Website Flipping
- Online Tutoring
- WordPress Support
- Software Education
What kind of business can I start with low capital?
There are many businesses one can start today with low or no capital.
- Content creation
- Virtual Assistant
- Event planning services
- Social media consultant
- Online courses and Tutoring
Can couples run a business together?
Of course, they can run a business together if they have the willingness to do so and share some thoughts and skillsets.
What's the easiest type of business to start?
The easiest business to start is a service business where you can sell your services like skill, labor and expertise.
What are the best online businesses to start in 2021?
The best online businesses to start in 2021 are as follows:-
- Affiliate Marketing
- Dropshipping Business
- Become a Translator
- Become an online tutor on udemy, unacademy or any other platform
- Instagram Flipping Business
Author: Souvik Dey
Source : https://startuptalky.com/business-ideas-couples/
Date : 2021-07-19T07:46:00.000Z