The year 2020 has brought severe turmoil and tension to the global economy, the COVID-19 pandemic being the biggest challenge. Countries have had to implement lockdown measures to contain the disease. Starting a new business won't be the same as earlier. Hence, following the right steps and working on the best small business ideas can help you establish your own business with little investment.
The dynamics of business have changed. New business trends in 2021 have come up and some existing ones have gained traction. This post focuses on the trends in the world of top small business ideas. An exciting feature of the top 10 small business ideas of 2021 discussed below is that even beginners can try them and that too with small investments.
There are over 4 billion internet users in the world, and 6 out of 10 small businesses have a website to serve these users. According to statistics, 73% of online businesses earn over $50,000 per year. Hence, most of the new business ideas in this post are online-oriented. If you want to start your own business in India and be your own boss, now is the time.
Here are only 10 such top business ideas for 2021 you can try out on a small scale:
1. Virtual Assistance
2. Freelancing
3. Reviewing Products
4. Affiliate Marketing
5. Graphic Designing
6. Podcast
7. Blog Monetization
8. Online Course Creation
9. Selling Products Online
10. Printing On Demand
Piyush Mishra
Virtual Assistance
First on the list is virtual assistance as it is the best small scale business in India 2021. Not every job requires you to be on-site. There are certain services that can be performed remotely online without any hassle. Bookkeeping is one such example. If you know how to work with software like QuickBooks, accounting software or bookkeeping software, you can do online bookkeeping for someone.
For this small business idea, you need to have a strong foundation in the basics of income, outgoings, etc., you can make a solid income through online bookkeeping. This is one of the top online business ideas 2021 as several such services can be rendered through virtual assistance.
Freelancing
Freelancing is lucrative and has always been considered among the top 10 small business ideas. Many people value freelancing over a day job. Be it side income or more than that, you can achieve a lot as a reputed freelancer. Sell your services at Fiverr.com and Freelancer.com. It is also the best business idea in India as you can do voice-overs, translations, transcribe people's text, content writing, logo designing, or even programming. This can be the best small business but it is all about finding a match with the perfect client.
Established freelancers earn hundreds of dollars in a day's work as it is a low-cost business idea with high profit. Working from anywhere and at your own timeline is another perk of freelancing making it one of the best small business ideas from home. So freelancing is a tried-and-tested approach to starting a small business and making it big someday. This is top among the small business ideas list because you can follow your passion and make money out of it.
Ashwini
Reviewing Products
Product review is an easy small business idea that can be started online with minimal investment. People like to read and watch reviews before buying products. Leverage this demand to build a small business around reviewing products, this is currently a trending business idea. Has a new product been launched? Procure it and upload a video on YouTube to share your review.
This is one of the most successful small business ideas as it allows you can also make tutorials on the features and functionalities of devices and other products. There are many out there who purchase fancy gadgets on a whim only to not use them to the fullest. Act as their saviour through your reviews! It is one of the best small business ideas for women, as many homemakers can review beauty products or clothes from different websites.
Affiliate Marketing
Consider the following example to understand affiliate marketing, You review a newly launched camera, make a video of your review, and upload it on YouTube. You also add links in the video description. These links are special because if anyone goes to Amazon by clicking on them and buys the camera from there within 24 hours, you get a certain commission from the purchase.
This is why reviewers provide a plethora of links, and this is also why it is one of the small business ideas in India. Affiliate marketing is considered to be the top 10 most successful businesses to start as it can be done from home. If you are interested in affiliate marketing, do check out the Amazon associate program and Shopify affiliate program.
Shubham Kumar
Graphic Designing
Graphic designing is the best business to start in 2021 as the content only sells when it's attractive. Logos are effective only when they are pleasing to the eye; hence, the everlasting need for graphic designing. It is an upcoming small business ideas in India as many startups require a graphic designer to help make their websites creative.
It is among the best small business ideas if you have an awesome photo editing and designing skills, then graphic designing is the best small business to start. This sector is booming at the moment and is the very top small business idea you can undertake this year. Just visit freelancing platforms like Fiverr and Upwork to see the global demand for designing. The pay for this business idea 2021 is mind-blowing and you get to build a nice clientele list.
Podcast
Podcasts are booming and were said to be the best online businesses to start 2020 because of the global pandemic. This is one of the few new business ideas that are now seen as the modern form of information sharing and are equal in value to videos and written content. People now actively listen to podcasts. Joe Rogan podcasts are highly popular. With over 6 million subscribers and podcasts that are as long as 3 hours, Joe Rogan has become a brand.
It is one of the other low cost business ideas with high profit because imagine the number of audio advertisements you can place in your podcasts! If your podcasts eventually gain pace, you can secure brand deals with sponsors like Squarespace or Audible. They pay a lot to be part of popular podcasts. With podcasts, you can also bring in other online business ideas 2021 such as affiliate marketing.
Podcasts are the best small business ideas from home and don't require expensive investment. You can even use your phone's microphone to record an audio file. Podcasts will always be in the small business ideas list, as you can upload it to a website like Anchored.fm which in turn will share your podcast around the world. Don't know how to do podcasting? Startuptalky will teach you how to create your own podcast.
Piyush Mishra
Blog Monetization
Dollar spot is an excellent example of making money through blogs. This blog allows you to contribute posts on topics like banking, how to make money, how to save money, and how to invest. This is among the best small scale business in India 2021 as it is easy to earn money. If you are interested in this small business idea you can use AdSense and affiliate marketing to make money from your blog.
You can use this trending business idea to market your services. Blogging is among the top 3 ideas for small businesses as creating your own blog won't be much difficult if you are passionate about writing. It is currently in the list of the top 10 most successful businesses because you can start it easily, it is an inexpensive way to enhance your marketing, get more traffic and then attract customers to purchase your products or services.
Online Course Creation
What's common between Udemy, Coursera, and edX? They thrive on paid online courses. According to many studies starting an edtech startup was the best startup ideas in India 2021. If you are highly knowledgeable about something, say machine learning, and know-how to explain complex content lucidly, then creating an online course is one of the top business ideas for startups.
For this business idea 2021, you can come up with an agenda and outline what topics you will cover. Then create videos on each of the topics. Make them visually appealing while not going overboard. Have transcriptions ready for the videos. This is among the very few new business ideas that allow you to improve upon your skills.
Once all items are taken care of, bundle everything into a package and search for the websites that pay well for your course. This is not only the best small business ideas in India but also the best online business ideas 2021 as the edtech industry in India is one of the best in the world.
Parnas Ghosh
Sell Products Online
Sell Products Online is one of the best small scale business in India 2021. This is a new business idea you can undertake in 2021. Ecommerce is considered to be one of the best small business ideas as creating an online store is not difficult today. Shopify is one such platform that allows you to create an online store.
Professional templates that are super-easy to customize make it a child's play to sell products online through a store. Drop-shipping is another popular term that's related to selling products online. It is the top 10 most successful businesses to start because the Indian e-commerce market is seeing a huge rise.
Printing On Demand
Printing is another best business to start in 2021. There are situations when the design is ready but there's no way to print it. That's where print on demand comes into the picture and that is why it is considered to be the best small business. Someone else can design the T-shirts and you can make money printing them. These new small business ideas are even easier if you can bring in the distribution component.
Conclusion
We hope this small list of the best small businesses to start in 2021 sparked any ideas for you. Most require no investment at all other than your time. Hopefully, you found the most successful small business ideas that are also low cost business ideas with high profit in this list. If you know about any other business idea that can be started on a small scale, let us know in the comments.
Lakshya Singh
FAQs
How to Start a Business with No Experience?
- Get Business Related Qualifications.
- Turn Your Career or Hobby into a Business.
- Do Your Research.
- Create a Realistic Business Plan.
- Network and Find a Mentor.
- Hire Expert Employees.
What skills do I need to be a virtual assistant?
- Communication Skills. This is a crucial part of being a successful virtual assistant.
- Cloud-Based Knowledge. When working remotely you need a piece of comprehensive knowledge on how to share information and the best process for you and your clients.
- Time Management Skills.
- Take-Charge Attitude.
- Organizational Skills.
Why are podcasts so popular?
The main reason why podcasts are so popular is that they allow their audience to save time. At Edison Research, they explored the podcast listening locations and found out that most often people listen to audio blogs at home, in a car, while walking around or working out.
What are the top 10 small business ideas?
The best small business ideas in India 2021 are printing on demand, selling products online, online course creation, blog monetization, podcasts, affiliate marketing, graphic designing, reviewing products, freelancing and virtual assistance.
What are the most successful small businesses?
The most profitable small businesses are
- Personal wellness
- Courses in other hobbies
- Bookkeeping and accounting
- Consulting
- Graphic design
What are the top 10 businesses to start?
The ten most profitable business opportunities in India that you can start in 2021.
- Digital Marketing Services
- Content Writing
- Tutoring
- App development
- Dropshipping Business
Author: Devashish Shrivastava
Source : https://startuptalky.com/best-small-business-ideas/
Date : 2021-09-28T12:45:00.000Z
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ReplyDeleteGreat Post! Thanks for sharing such beautiful information with us. Please keep sharing.
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