How would you feel if you became your own boss and were able to take care of your toddler in the comfort of your home? In the beginning, balancing work and parenting was also hard for me. So many questions and concerns often roamed my mind.
“I want to start a business but have no ideas.” But then I figured, Once I started my own business, there would be no pressure. Most importantly, I would be the boss. This was all the motivation I needed to get started. I went online and searched for some business ideas.
Being a stay at home narrowed my options to home-based business ideas. Ideally, there were a lot of options to choose from. In the end, I coupled up with freelance writing since writing had always been my passion. Today, I’m a stay at home mom who works a maximum of six hours daily. What’s more fun is that I get to have a flexible work schedule that I control.
If you are a woman, more so a mom wondering what kind of a business you want to start, worry No more. We have compiled the best business ideas for women.
11 Things To Consider Before Starting A Business
Before you start any business, you must make some considerations as they will enable you to choose the best business idea. Listed below are some of the considerations to keep in mind.
- A Business Idea
Before starting a business, you need to know the kind of business you want. You will likely venture into the wrong business without a business idea.
- Nature Of The Business
Nature of the business means the kind of products and services you will be dealing with. Also, you need to identify the products and services that you will provide to your customers.
Capital is a crucial factor in any business. You need to have both the starting capital and the working capital. Once you start a business, you need money to cover unexpected costs and purchase materials (if need be).
- Right skills
Before starting a business, you need to ask yourself, “Do I have the right skills to do this business.” Without the right skills, your business will likely fail.
The location of your business matters, especially when the business is not done online. You need to set your site in a convenient place for your target customers. Choosing the wrong location will lead to business failure.
Security means safety for you, your customers and your products. Ensure that your business is at a place where security is not a threat. Otherwise, you might be robbed and end up shutting down your business.
You need help if you are dealing with a large number of customers. You can source support from your family members or employ people. Too much work will overwhelm you, and you may not perform well.
When you venture into any industry, you need to know your competitors. Identify whether you can do better than them. Ensure your business remains competitive.
With the current technology, you must set up your business in an area with well-established infrastructure. Poor infrastructure means your business will not perform as you wish.
Before you embark on starting a business, know your customers first. Most importantly, ensure you are dealing with what they want. If you’re going to be successful, do not deal with products that are not on demand.
- Legal Considerations
The law has established legal requirements for starting a business. Ensure you acquire all the necessary documents before you start a business.
60+ Business Ideas For Women -Proven Ideas that Work!
We have compiled 50+ unique business ideas for all women, including stay-at-home moms. The list includes side hustle business ideas, online business ideas, and entrepreneur ideas for women
1. Online Business Ideas
Online business ideas are perfect home-based business ideas for women who want to work from home. These are the best types of online businesses to try and make money.
1. Freelance Writing
You can work as a freelance writer and earn a decent living through writing. Most importantly, you can work from home. A quick search of the phrase “Write for Us” will provide you with a list of online content writing jobs.
2. Become A Virtual Assistant
As working from home has become prevalent. Demand for virtual assistants has increased. A virtual assistant provides administrative services for their clients. The client pays for the services offered.
3. Train People Online
Many people want to know how to make money online but do not have the right skills. You can start an online class and train people on online jobs. Charge them depending on the skill they want to be trained on.
Blogs are usually simple websites where you publish your original work it is a business opportunity where you can earn dollars by a variety of options such as marketing, ads, just to mention a few… The more you post helpful content, the more often customers visit your blog.
5. Creating Apps And Websites
We are living in a world where the internet has become an integral part of everything. Creating websites for people and companies is a business idea to increase your income.
Also, customers are looking for a business that creates great apps. Create apps for customers and earn a living if you are equipped with the necessary skills.
6. Sell Your Products/Services Online
Online and Social media gives you a platform to sell your products/services. You can post your products online, on Facebook, Instagram, or even WhatsApp. Good quality products and services will attract customers who will reach out.
7. Start A Youtube Channel
According to research, an average YouTube channel earns at least $3 to $5 per 1000 video views. Additionally, they make $18 for every 1000 ad views. However, the amount earned depends on a YouTube channel. The more views you get, the more you earn. Consider starting a YouTube channel and giving people great content.
8. Affiliate Marketing
An affiliate marketer earns a commission through marketing another person’s or company’s products. Invest in that if you believe you can make a great affiliate marketer.
9. Sell E-Books
You can make money by selling e-books. Some people prefer learning through reading books. You can write and sell ebooks to your target customers if you are a great writer.
10. Online SaaS (Software As A Service) Business
According to research, the SaaS business has been the fastest-growing market segment since 2019. SaaS companies use software which they use to provide services to customers. It is a business opportunity you can try.
11. Create An Online Store
Online shopping has grown fast. People want to save time they use while shopping. If done correctly, an online store is a perfect business that can bring you a lot of money.
12. Forex Trade
Forex traders make a profit by speculating on currency prices. If the currency’s value you speculate increases, your gain also increases. You can invest in a Forex Trade Account and earn good money. This however calls for good training before you start.
13. Start Drop-Shipping
A drop-shipper purchases products on behalf of the wholesaler or retailer. You charge the customers once they place an order from you. The drop-shipper will purchase a product directly from the seller and ship directly to the customer without keeping physical stock.
14. Become A Transcriber
Transcription involves converting audio into texts. Companies require their meetings and interviews transcribed. There are so many transcription sites available online, e.g., Go Transcript. You need only apply to one and start making money.
15. Sell Your Art Online
Before, artists had no online platform where they could sell their art. Currently, sites like Amazon and Etsy have provided artisans a platform to earn money by selling their work.
16. Video Editing
Video editing is the arrangement of video shots to create a video .You can edit videos for YouTube, adverts, films, and many more.
17. Become A Social Media Manager
A social media manager represents a company on their social media handles.They respond to comments from customers. A company will hire you to help them enhance their online presence.
Celebrities hire ghostwriters to write articles, speeches, and blog posts for them. As a ghostwriter, you can charge your client depending on the type and length of the text.
19. Create Ads For Small Business
Small businesses do not have the resources or the expertise to create ads for their business. If you have knowledge in advertising, you can negotiate with small business owners and offer your services at a fee.
20. Data Entry
Many companies deal with a lot of sensitive and confidential data. Therefore, they require data entry professionals to enter data into their computers. If you are good at data entry, offer data entry services and earn a living.
Recording financial transactions are significant for any business. Becoming a bookkeeper is a good business idea with so many companies in search of this as a remote skill. You need to be good with accounting and Finance.
22. Start A Webinar
Webinars are live sessions where a specific topic is discussed, and the audience can ask questions. Through webinars, you can market your products and services.
Proofreading is reading and correcting errors for a copy that will be published. Authors and writers are always looking for proofreaders. As a proofreader, you can charge your client depending on the length of the text copy.
2. Entrepreneur Business Ideas For Women
Entrepreneur businesses are the best business to start with 10k. However; some may require more than $10k. They include;
24. Child-Care Services
Working parents require child-care providers. You can make income from a daycare business.
25. Outside Catering
Are you a trained chef who wants to start an outdoor catering business? Nowadays, people prefer hiring outside caterers for their party meals. You can charge based on the number of guests, event type, meal type, and event location.
26. Coffee Spot
People generally love coffee. You can invest in a coffee spot and make good money out of coffee making business.
27. Market Stall
A market stall deals with various foodstuffs. You need only a little capital to start a small market store that will give returns.
28. Printing Services
Although paperwork has greatly reduced, People still require their documents printed. Printing is one of the easy businesses to start. It’s a business most people can do.
29. Cloth Line Business
To start a cloth line, you need to establish a niche. Most importantly, identify your potential customers. You can choose from menswear, children’s clothing or deal with ladies outfits.
30. Cleaning Services
People who have tight work schedules have no time for thorough cleaning. Starting a cleaning company is a great business idea. You can deal with laundry, cleaning people’s apartments, carpets, etc.
31. Financial Advisor
People need to know how they can effectively manage their finances. You can become a financial advisor and train people on business ideas and any other way to use their finances well.
32. PR Services
If you are trained in public relations, you can start a business that offers public relations services.
33. Market Researcher
Companies require market researchers to carry out market research. With increased growth for international trade, companies are looking towards selling their products worldwide. Becoming a market researcher is a platform whereby you can earn a lot.
34. Accounting Services
Every organization requires an accountant. You can become a part-time accountant for a company and increase your monthly income.
35. Delivery Services
Offering delivery services is a perfect business idea. People often buy many items to deliver to their homes/businesses.
36. Home-Based Care Services\
Older adults require a lot of care. Providing care to these people will earn you money.
37. Personal Trainer On Fitness
A lot of people are struggling with obesity. Investing in a gym is a great business idea. People who require your services will pay for them.
38. Fashion And Design
In the present world, people are out for fashion. You can invest in fashion and design if you are a good designer.
39. Personal Driver
Many people are looking for personal drivers. You only need the recommended documents, such as a driving license to become a driver.
People who have dogs as their pets may require a professional dog trainer. You can be a dog trainer and make money out of it with the right skills.
Some young people want to become professional dancers. Becoming a dance instructor can be a great business idea. Your work involves teaching various dancing moves and techniques.
42. Bicycle renting
The bike hire business can bring you massive income. You can rent out a bike and charge on an hourly basis.
43. Plant-Watering Services
Plants will never survive without water. Therefore, starting a plant-watering business is a significant thing to do. You will have so many people who need your services.
44. Debt Collector
So many people suffer at the hands of their debtors. You can start a debt collection agency to help people recover their money at a fee.
45. Broken Dolls Repair
Toys such as dolls get damaged. You can establish a business for repairing dolls and earn a living.
Relocating from one place to another is tiresome. Hence movers are needed. You can establish a moving company to help people while relocating. Your charges should depend on the number of trips made or the distance covered during the transportation of items.
You can earn a living as a pet –groomer. Your work is to provide hygienic care for the pet.
3. Side Business Ideas (Side Hustles)
You could be having a job but still want a side hustle because you want to increase your income. These are some of the business ideas you can do part-time.
48. Become A Videographer
With a good camera, you can invest in videography. Videographers are hired to shoot video events.
49. Become A Photographer
Freelance photographers earn a considerate amount from taking photos. Invest in a good camera and try this side hustle.
50. Become A Ticket Seller
People love partying. You can sell tickets for a concert, festival, etc.
51. Offer House-Staging Services
House staging involves making a house appealing for sale. It is a side business idea that you can do and take home a considerable amount of money.
Top 10 Most Successful Businesses To Start (For Both Men And Women)
1. Hotel And Tour Guide
People love traveling to see the world and make memories. Establishing a hotel that offers accommodation and a tour guide can be a lucrative business idea, from which you can make a lot of money.
2. Warehousing And Storage Services
International trade has grown fast. This has increased the demand for warehousing and storage services. Traders need a place to store their products as they source the market. Starting a store or a warehouse is a great business idea.
3. Antique Dealer
Selling antiques can earn you a considerable amount of income. Antiques have great value; hence their demand is high. They may include; clothing, jewelry, furniture, and many more excellent quality items.
Real estate is the best business to start. You can make millions of dollars. You can be a landlord, a property manager, a real estate agent, or even a real estate photographer.
5. Law Firms
Starting a law firm is an excellent business idea. If you are a lawyer who wants to start a law firm, you only need an office and a few staff. Most importantly, you need to identify the area of law you will practice.
6. Events Planning
People will always hold events, be it birthday parties, weddings, etc. You can start a business as an event planner and earn a lot from it. The work of an event planner is to structure an event so that people have a good time during the event.
7. Furniture Refinishing And Repair Services
Many people are not willing to throw away their old furniture. Providing furniture refinishing and repair service is a good business to do.
8. Security Firm
Wealthier business people have valuable property that needs to be protected. You can start a security firm whereby you offer security services. You will surely make a lot of money from this kind of business.
9. Recycling And Reselling
People demand second-hand items that are of great value. Recycling and reselling used products is a lucrative business idea that is often overlooked..
10. Architecture Services Provider
With the current increased demand for modern houses, architects are needed. Providing architectural services can be an ideal business idea if you are an architect.
Business owners are among the top wealthiest people in the world. You can start a business with as little as you have. With hard work and determination, you will succeed.