The year 2020 has been unpredictable given the COVID-19 pandemic. While a few businesses went broke and went bankrupt, there were many who on the opposite side turned from rags to riches. So there were a lot of businesses that emerged this year, that we couldn’t have deemed profitable previous.
A lot of factors make businesses profitable, such as low overhead costs or expenses. However, in 2021 it is hard to anticipate which ones are worth the investment. A few business ideas can be fairly risky but can turn into highly profitable ones as well.
So whether you got on the bandwagon of starting a business of COVID-19 protection face masks or selling titan ed655 sprayer for D.I.Y painting projects so you don’t have to call anyone from the outside during lockdown; all these small business ideas might be popular but less risky.
In this article, we will list down six profitable business ideas for you to try and start making money.
6 Profitable Ideas For Small Businesses!
Virtual Assistant:
Given that all the businesses have shut down physically, or are operating on and off from their brick and mortar store, there has been a rise in VA services.
What does a virtual assisting business look like? Business offering virtual assistant services offer day to day business management of your corporation. This might include services like scheduling meetings, answering calls and queries, performing all the administrative and operative duties, etc.
A lot of freelancers extent services of virtual assistance, and get paid a good amount of money for it. This again requires no risk. However, competition is intense in this field of work. Given the pandemic, a whole lot of people got on freelancing platforms to make money by providing these virtual assistant services.
Drop shipping:
Our social media feeds and filled with drop shipping businesses. For those who do not know what drop shipping is? Let us tell you, it is a risk-free business where you buy the product from a wholesaler/retailer and sell it to your customer.
Drop shipping requires you to make an online store and you coordinate with the sellers to package and ship the products to the customers, while you get to keep the profit. This is a risk-free business. Plus you do not require any place to store products or have any physical products etc.
- Website Flipping:
Since everything has gone online, there has been an increase in the demand for websites. In this business of ‘Website flipping’ people buy off the already designed websites, modify them, their content, and then sell those sites for a profit.
Again, this is a risk-free business. A Lot of students and new website designers are leading this front, which gives them a place where they could show their skills and sell already running websites to businesses and make a profit from it. - Content Writing:
Digital marketing campaigns are becoming the spine of online businesses. If you are not marketing your businesses online, you are probably setting your business out to fail. Content writing is the base of digital marketing campaigns.
Businesses offering content writing services have been on a rise this year and will continue to do so in the year 2021. Content writing helps with SEO campaigns, blog writing and posting, influencer marketing, video, and photo content marketing, etc.
A lot of marketing strategies get their written bone structure from content writers. This is why these services are immensely profitable today. A lot of content writers are offering freelance services and offer packages for their services. Or if you can manage a team of content writers you can officially start a business offering these services. - App Development:
This is one of the best small profitable business ideas that work wonders for businesses. A lot of profitable business is not designing their applications on playstore or apple store, to make the experience of buying easier for its customers.
So, you can always start the business of app development for businesses. Previously, only skilled individuals could design applications for the store which made this business communication planning idea expensive but today we have various software, tools, and developers that can help you sell your Home Goods like titan ed 655 sprayer or drill machines, etc.
Video Production:
This business is profitable today, given the rise in video promotions done by almost every single business today. While a lot of software has made it possible for individuals to make their video but a lot of professional corporations reach out to the video content developers to make them the perfect videos.
Again a lot of freelancers offering these surfaces and a lot of people have made a profitable business out of this service as well. Video content has become the essence of digital advertisement today.
