Seven most lucrative business ideas for 2021
Thousands of people lost their jobs as a result of the health crisis. However, at the same time, thousands of new businesses began to crop up and take advantage of the changing tides. When you are confronted with a drastically dire situation you have two choices. You can let it defeat you or you can make the best out of a bad situation.
Many individuals took this opportunity to become entrepreneurs and start a business of their own.
Having your own business is difficult and draining, however, the benefits far outweigh the negatives. Being your own boss means making your own decisions, having full control over your business, and only having to work for yourself.
Nevertheless, you will have to work extremely hard to get your business up and running. The drive and determination to succeed is the most difficult aspect of running a business as it is something that cannot be taught. Coming up with a lucrative idea is the easy part. Here are seven of the most lucrative business ideas for 2021…
1. Packing and moving company.
A great place to start is the packing and moving sector because there will always be a demand for these specific services. The average American family moves once every two years. Families are constantly moving homes, cities, and even countries, so there is plenty of room for expansion in the future.
You don’t have to be an expert in the field to get started and you can be flexible with your work schedule. Not only this, but the overheads to get you started are minimal. All you need to find is a reliable international truck dealer and a team of strong individuals to do the heavy lifting.
2. Mobile pet groomers.
The pandemic changed a lot of things, including our willingness to go out. People are now more prone to staying at home and they only like to leave when it’s truly necessary. This has caused a huge spike in delivery services, including grocery deliveries, food delivery, and general e-commerce delivery.
As a mobile pet groomer, you can also provide this same level of convenience but apply it to their pets. Trying to lure your pet into the kennel when it’s time to take them to the groomers can be a nightmare. Pet-owners spend a ridiculous amount of money on their pets each year and given that this is a personalized service you can raise your prices.
3. E-commerce platform.
Many people who lost their jobs during the health crisis opted for setting up their own e-commerce platform. This is because the e-commerce sector experienced an immense acceleration as a result of the coronavirus pandemic.
Starting up your online business is super convenient because all you really need to get started is a computer and an internet connection. You can learn how to grow your business effectively by researching online and trying out different techniques. Some of the profitable e-commerce stores are those that sell e-books, home products, kid’s toys, and beauty and health products.
4. Digital marketing firm.
Given the proliferation of e-commerce platforms and stores, the need for effective digital marketing also increased. When you are competition with hundreds, if not thousands, of similar outlets on the web, you need to make yourself known. The best way to do this is by enhancing your digital marketing techniques.
If you set up an online digital marketing firm, you will definitely find an influx of business. You may not be an expert in all realms of digital marketing, but that’s okay too. You can hire people from all around the world and outsource any of the services that you may not offer. The golden rule of business is to always hire people that are smarter than you.
5. E-learning products.
Yet another shift caused by the global health pandemic is the pivot towards digital and online learning. Nowadays, you can find a course on anything with a simple click of a button. If you’re great at coding, why not create your own coding course? Similarly, if you are a great plant-based chef, you can offer fans a cooking workshop. The possibilities are endless.
E-learning products are a great way to generate passive income because you only have to create the product once. You can then sell this product repeatedly and watch the cash roll in. You can also offer add-ons to your service such as private tutoring lessons, additional crash course materials, and online quizzes or certificates.
6. Consulting business.
Just like your workshops, you can practice consulting in all areas of business. If you have enough experience in the field, but you lost your job as an executive, you can decide to offer companies your expertise. Consulting is a great way to develop your own brand identity.
Figure out what your specific niche is, for example, you may work in PR but find that you are best equipped to deal with campaigns in the food sector. You can then start to define your services, set your prices, and seek out your clients. Make sure that you are confident during your initial pitches and get over the fear of imposter syndrome, even the most expert of consultants had to start somewhere.
7. Motivational coach.
Finally, another business model that has peaked during the pandemic has been the role of a motivational coach. This is a relatively straightforward business idea that needs little to no investment in order to get started.
You can help people make a difference in their life. This could be in relation to their self-image, their work, or even their family life. If you find that your techniques work well and business is booming, why not consider training others to learn your method?
Nobody said that starting your own business would be easy. However, if you have the right ideas, attitude, and organization skills, you can make your dreams a reality. Take advantage of your resources and turn them into something much more valuable – a lifelong business.