Do you want to know the top 5 business ideas entrepreneurs can start in 2021? I bet the answer is “Yes”. The Covid-19 pandemic presented a flurry of challenges from short-term business closures, quarantines, finding small business funding, among several others.
Therefore, it is indisputable that many entrepreneurs threw in the towel last year. Despite all of this, entrepreneurs are going to be on the lookout for the best business ideas in 2021.
Top 3 small business trends for 2021
There are some trends to consider if you’re planning on starting a small business in 2021.
Remote work
Working remotely will continue long after the Covid-19 pandemic is over. Thus, you might be able to save on rent in the future if you decide to take your business online. Or you can add an e-commerce feature as part of your service delivery mechanism.
Social media
Social media has been and will continue to be a primary way to reach customers in all demographic categories.
Freelancing
There is an increased popular demand for freelancers. As a result, more entrepreneurial-minded workers are taking their careers into their own hands by making use of the gig economy.
Top 5 small business ideas for 2021
Lead generation Sites
This is a popular business model that is in high demand right now. You can work through an affiliate marketing program with an established company and set up a keyword-ranked website that generates leads to the company. Hence, this is a way of generating passive income online with little to no overhead and you’ll get paid for it.
Box subscription services
This is another popular business model. Basically, your clients subscribe to a monthly box of goodies. This could be baby items, beauty products, pet products, or more. Consequently, this is a lucrative model for the entrepreneur and also a fun concept for the consumer who gets a “present” every month.
Social media consulting
This is the perfect small business to attract other small companies. Although this business is time-consuming and takes expertise to generate interest, if you’re good at it, you can build a business.
Food trucks
This business simply takes the restaurant model and put it on wheels. Food truck business is a great option during social distancing. This is because food trucks can easily transport food to local neighborhoods. An entrepreneur without a static storefront can make huge profits with this business model.
E-commerce
This should be at the top of your list in all your business ventures this year. E-commerce is continuously growing and there is no sign of letting down. There is an increase in demand for e-commerce, because every business person is looking to have their online store where they can sell their products and services.
You want help with business strategies for any of the aforementioned businesses, reach out to us at Ovacom Consulting.
