According to Crunchbase data, 1,726 startups have been established in 2021. More people are starting side hustles and businesses to earn extra money and achieve financial independence. And it’s paying off.
To build a successful startup, you have to understand how people buy and consume products. The coronavirus pandemic has created many opportunities for individuals who want to venture into business. If you are considering starting a business in 2021, here are some unique business ideas.
The global consulting market was estimated to be worth $132 billion in 2020. While it got affected by the pandemic, it’s slowly bouncing back. There are tons of opportunities for professional consultants. If you are an expert in social media, marketing, communication, or human resources, you can start a consulting firm and offer your services to businesses that need them.
2. Online Tutoring
A report by the U.S. Census Bureau showed that at least 93% of homes with school-going children relied on online learning during the pandemic’s peak. There’s growing demand for online education, so choose a topic you are good at and start teaching remotely. You can get students by marketing yourself on social media and search engines.
3. Digital Marketing
Every business today uses some form of digital marketing. If you are a pro in SEO, social media management, content marketing, or web development, start offering services to businesses and individuals. Mid-sized companies are constantly outsourcing these services instead of hiring people for the task. Companies issuing auto title loans like Loan Center became very popular during the pandemic because they used digital marketing to connect with prospects.
4. Virtual Assistant
If your computer skills are above average, consider becoming a virtual assistant (VA). You can offer services to businesses that outsource VA work. If you are also skilled in communication and digital marketing, you can become a virtual assistant for a digital agency and respond to customer inquiries, keep track of communication with clients, and promote the brand online.
5. Freelance Writer
Creating web content, blog posts, and press releases can be lucrative. Companies are always looking for great content and pay well for it. Compared to other businesses, freelance writing isn’t capital-intensive. If your writing skills are good and you have a stable internet connection and a good laptop, you can land your first client within a month and kickstart your writing business. Once the business grows, you can hire other people and start a writing agency.
6. Ride-Share Driver
If you have a car that sits idle most of the time and time on your hands, you can use it to make some money. Rideshare companies such as Uber and Lyft provide an excellent opportunity. Once you meet the requirements, you can put your car to use and make some money. You can work as much, or as little, as you want. You’ll have a flexible schedule, so you can make money during your free time. This is a great way to start your entrepreneurship journey.
Businesses require a lot of commitment, so consider what suits you best before you get started. Use these ideas to get started and build a successful business.