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Most women dream about starting a business, such as selling something or will even spend thousands of dollars on a business plan.
If you are in the same boat and are looking for a business idea, I’ve compiled a list of the 18 best small business ideas for women.
Online Small Business Ideas for Women
1. Start Blogging
Blogging is one of the best online business ideas for women as you can work on your own schedule. Another benefit is that you do not need any technical knowledge to get started blogging. This means you won’t have to scratch your head with coding because there are numerous plugins available to make your job easier.
To begin, all you have to do is create a website that focuses on a specific niche and begins writing a lot of content. The niche can be anything, such as a hobby or a topic about which you are knowledgeable.
Once your blog has enough traffic, you can monetize it by displaying ads, promoting affiliate products, and selling your own products. This is enough to earn at least $1,000 per month, if not more.
If you’re a complete beginner, I recommend enrolling in this course, which will teach you everything from the ground up. If you already have some blogging experience, you can get started right away by creating a WordPress blog.
2. Become a Proofreader
If you have strong English and better grammar, you should consider starting a proofreading business.
Proofreading services are necessary for everyone, from students to working professionals, because they correct grammatical, typographical, and punctuation errors in written work.
If you’re new to the industry and don’t know anything about it, I strongly recommend that you attend this free workshop, which will give you a head start.
On average, proofreaders are usually paid between $23 and $33 per hour.
3. Freelance Writer
Freelance writing is an excellent business opportunity for anyone who enjoys writing. It is a business model in which you write content for clients for money while working independently rather than for a company.
You can either work from your home or hire a rental space if you feel distracted. There are many part-time and full-time freelance writing opportunities available, and you can write for both online and offline publications.
To get started, joining freelance marketplaces like Upwork, Freelancer, and Fiverr is a good idea. If you have excellent marketing skills, you can also start your own website and offer your services from there.
A freelance writer typically earns $20 per hour or more, depending on the length of the content.
4. Social Media Influencer
A social media influencer is a person who has a significant influence on others by creating and sharing content on a particular social media platform. It could be Facebook, Twitter, Instagram, and others.
If you have a good following on any one platform, you can try becoming a social media influencer to earn money. Please note that you must have credibility in a specific industry and an active online presence to do so.
According to a CNBC report, an influencer with over a million followers can earn more than $250,000 per brand post.
A bookkeeping business includes tracking income and expenses, processing payroll, and possibly preparing tax returns for business clients. It is an excellent home-based business that can be started with little money.
Bookkeeping is a skill that all small business owners, regardless of the type of business they run, must have. Many business owners, however, lack this skill, which is where you can lend a hand.
Your job as a bookkeeper is to manage financial records by recording financial transactions, correcting mistakes, and delivering financial reports to individuals and businesses.
The average bookkeeper’s salary in the United States is around $44k per year.
Transcription is the process of converting recorded or live audio into text. The term most commonly refers to the act of transcribing recorded or live speech.
If you have good listening skills, strong English, and proofreading skills, starting a transcription business could be a great option.
You can start this business from the comfort of your own home if you have a PC/laptop. Other than this, make sure to have a decent typing speed and that you don’t make any spelling mistakes while transcribing.
A beginner’s transcriptionist’s salary can range from $15 per hour, while an experienced salary can range from $25 to $30 per hour.
If you’re new to transcription, I recommend signing up for this free email course to get a jumpstart.
7. Social Media Manager
Social media managers are marketing executives who specialize in managing a company’s online presence across various platforms by developing a strategy, producing good content, facilitating customer service, and so on.
For this position, a bachelor’s degree in marketing, public relations, or a related field is typically required along with some previous experience. Furthermore, you should also be familiar with various social media platforms to get started.
According to Glassdoor, social media managers in the United States earn an average salary of $54,000 per year.
8. Sell on Amazon (Fulfillment By Amazon)
Amazon is a great place to buy your favorite items, but it can also be a good platform for a woman to start a business. FBA (Fulfillment by Amazon) allows you to sell your products to a wide range of audiences while earning a profit.
All you have to do is buy products at a low cost from offline stores or thrift stores and then resell them on Amazon at a higher profit margin.
If your product sells well, Amazon will provide you with more free storage space and even pay you to store your products.
If you are still puzzled and want to learn more about this business model, you can enroll in this course. You can also get more information from an Amazon reviewer.
9. Domain Flipping
Domain flipping is the process of buying domains at a low cost and then selling them to an interested party at a higher profit margin.
In this business, the value of the domain name has an impact. When compared to others, it is widely assumed that any domain name ending in .com is extremely valuable. So, always target such domain names to get better deals.
To excel in this business, you must know:
- best place to buy & sell domains.
- how to transfer a domain to a buyer?
- the appropriate selling price for your domain
- the trademark issue while buying and selling them.
The most expensive domain name (cars.com) has so far been sold for $872 million.
Offline Small Business Ideas For Women
10. Soap Making
Over time, people have gradually begun to avoid chemical-based products in favor of natural and homemade alternatives. That is why chemical-free soaps are in high demand and have the potential to thrive.
Soap-making is a simple and easy business that women can start from home. To get started, all you need to do is learn how to make organic soap. Though you will need to make an initial investment in buying raw materials, it will be compensated once people start buying your soaps.
Aside from that, you will also need to apply for a license before starting your business in your respective country.
Here is a great video that teaches you how to prepare organic soap at home.
11. Start Photography
The photography industry is growing by leaps and bounds. Despite the fact that it is a competitive industry, you can certainly excel if you find your niche and have some business marketing skills.
To get started, you’ll need to spend some money on a professional camera and the necessary accessories, such as lenses. The next step involves developing your portfolio and personal branding, which requires some marketing knowledge.
Work can be found at wedding receptions, party celebrations, and other special occasions. You can also make money by uploading your work to sites like Shutterstock.
The average earning of a Photographer in the US is around $66k per year. However, please keep in mind that earning a living from photography is not easy, but it is possible if you really want it and work hard for it.
12. Become a Travel Agent
One of the most common and lucrative business opportunities in the tourism industry is opening a travel agency. You can either start as an independent travel operator or as a franchise partner with a reputed agency, depending on your budget & accreditation.
A travel agent’s job is to assist people in planning vacations and trips all over the world. You can also pick a specific niche, such as Disney vacations, or African Safaris, to offer your services.
Other than that, choosing a specific market, such as family travel or independent travel, can also be a good idea to flourish in this business.
A Travel agent makes around $56k a year in the United States.
13. Food Truck Business
With indoor dining options limited in many areas right now, the food truck industry is thriving. This business idea for women is an excellent way to break into the restaurant industry, as you can sell a variety of snacks and cuisines.
If your city has a popular specialty food, you can also serve it as well to increase your profits. There is significantly less overhead and upkeep compared to a restaurant and you have the advantage of mobility as well.
Furthermore, if you get a branded truck, you can sell your food at farmers’ markets if your truck is clean and serves good food. On average, a food truck business earns around $27k per year.
14. Open a Daycare Center
A daycare center is a facility that cares for infants and young children while their parents are at work.
Starting a daycare center, also known as a nursery school, is a great business idea if you enjoy the company of children and have space in your home.
According to bizfluent.com, the average startup cost for a daycare center ranges from $10,000 to $50,000, depending on whether you open a home-based daycare or lease a separate facility for your care center.
If you don’t have enough money to get started, you can always take out a loan from the bank. Also, when it comes to charging your clients, you can do so on a daily, weekly, or monthly basis.
15. Personal Trainer
If you enjoy working out and have knowledge related to healthy diets, the fitness training business is also a good option.
Being a personal trainer, you can help people to lose weight, get fit, and make them feel good about themselves. You can train them online using Zoom, at their home, or at a nearby gym.
Before you start this business, make sure you have a degree, certification, and some prior experience in the fitness field.
Although at first, there may be few clients, it gets better when you learn some marketing strategies for promoting your business both online and offline.
Talking about earning, a personal trainer earns around $48k per year.
16. Wedding Planner
According to one study, 66% of millennials are willing to hire wedding planners for their special day. If you’re not well aware, a wedding planner is a professional who works with a client to design, plan, and manage their wedding.
Couples are often willing to spend a significant amount of money to ensure that their weddings are well-organized.
If you are interested in wedding trends and have the necessary training in areas such as marketing, finance management, customer service, and wedding planning, you should consider becoming a wedding planner.
Once you start your business, you may offer your services in full, partial, or as a consultation. A typical wedding planner earns around $41k per year.
A good organization that offers certifications in this field is the American Association of Certified Wedding Planners.
17. Cake Making
Cakes have a special place in celebrations such as anniversaries, festivals, New Years, and birthdays. Whether it is a strawberry cake, a mango cake, or an eggless cake, it is a must-have item to brighten up the occasion.
If you have a talent for making beautiful, delectable cakes, you should think about starting a cake-making business.
Though it may sound simple, it will require some marketing and logistical skills to pull off. Aside from that, you will need to register your business and obtain the necessary permits and licenses to get started.
18. Laundry Business
Many people don’t have time to do laundry because of a hectic schedule or laziness. In this case, if you have a large enough budget to invest in, you can start a laundry business in your area.
However, before you start, make sure you have some experience in this industry. You can learn more about the trade and what customers want by working part-time in a laundry facility.
Then, all you need is a proper plan to execute your business, which includes conducting market research, purchasing necessary items, and developing a business plan.
According to the Coin Laundry Association, a laundry business can earn anywhere between $15,000 and $300,000 per year, depending on how many customers & equipment you have.
Conclusion – Small Business Ideas For Women
I hope you’ve found the perfect business idea by now. If not, I recommend going with the one that falls in your interests and skills.
Whatever business idea you choose, keep in mind that it will not be easy. There will be challenges and a lot of hard work before it becomes stable.
So, adopt that mindset and start working on your new business. Best of luck!