A consolidated list of business ideas for women who want to be their own boss. All you have to do is Identify a skill or talent that you think could be converted into a home-based or online business opportunity.
The world has seen a considerable rise in successful women entrepreneurs in the last few years. In most business sectors, women are making their presence felt. However, for ladies looking forward to starting their first venture, choosing the right business sometimes becomes difficult.
Even the most motivated women entrepreneurs can struggle with deciding on the right business idea. For some entrepreneurs, ideas flow freely but never get off the ground. For others, ideas are vague and sketchy, so they are discarded and never fully explored.
Questions Every Woman Must Ask Before Actually Starting a Business?
However, do remember you can’t create a successful business in a day. It requires good planning, dedication, and hard work. Some of the basic questions you need to ask yourself before actually getting into a business are the following:
- What exactly you want from the business?
- Are you looking for a part-time or full-time income?
- How many hours can you devote to the business?
- The business idea you have chosen, Does it has a demand in the market?
- Do you have the required skillsets to run the selected business?
- Are you open to learning?
If you have answered all the questions above positively, you are ready to go. So, what is the best business to start for women in the present day?
Get Business Ideas from Figuring out What You Like to Do
Choose something you are passionate about. Starting your own business will require time, energy, and sacrifice. If you choose something that does not interest you, or worse, something you hate to do, you will find it harder to succeed. Ask yourself:
- How do you spend your free time?
- Do you have a hobby that could be turned into a business?
- Do you like to do volunteer work?
- If you could have any job you wanted, what would it be?
Discover What You Are Good at Doing
If you already have a profession, you might want to start your private practice in law, medicine, or an accounting firm. And maybe you have a hobby, like cooking, sewing or candle making, which you know you could market. But what if your talents are less obvious?
Sometimes it is hard to know our strengths.
If you are uncertain what your hidden skills and talents are, ask family and friends who know you.
Even if you do not have a particular skill such as sewing, cooking, or bookkeeping, you still have skills that may be marketable if you can identify them.
Decide What You’d Like to Learn to Do
Sometimes things that interest us most are things we have yet to learn. If you love math, take an accounting course and turn your new skill into income by helping others with their taxes or bookkeeping.
There are many new careers you can enter into with a certificate (like web designing) instead of a degree. Certificates often take less than a year to earn and, in some cases, only a few semesters. Check with your local community college to see what certificate programs are offered in your area.
If you have always wanted to learn another language, start now. When you become fluent, you could become self-employed, providing freelance translating services. Translators are used in legal proceedings, schools, and seminars. Sign language translators can earn as much as spoken-language translators.
It is never too late to learn a new skill or polish an old one, and it is never too late to start a business if you have ambition, a marketable skill, and know what you want to do.
Best Business Ideas for Women
While any woman can start any business she has the knowledge and experience for, here are some of our favorite and best business ideas for women.
Individuals often lack the expertise and time to plan events themselves. This problem has a simple answer. Independent event planners can step in and give these special events the attention they deserve. It could be official events. You can start a wedding planning business to help brides and grooms coordinate flowers, catering, DJs, photographers, and everything else that goes into the day. Broadly speaking, there are two markets for event planning services: corporate and social. You may start with smaller local events. An event planner earns about USD 25 per hour.
Event planning is a much sought-after business worldwide, especially for women. This business opportunity is comparatively easy to start, profitable, and also enjoyable.
Got talent in the kitchen? Want to exercise your cake decorating chops more often than the occasional birthday? Start a food-centered business! Just keep in mind that with any food business, you’ll be governed by your state’s applicable requirements on food safety. You might have to rent a commercial kitchen or get your home kitchen inspected before you can start making sales.
This is one of the most all-weather profitable retail businesses worldwide. There are a lot of women entrepreneurs running this business successfully. If you are a smart cook and love baking, then cake making is your business idea to work on. Make cakes for special occasions, take orders for cookies and cupcakes, bake fresh loaves of bread, etc.
The demand for cakes usually increases on special occasions, like Halloween, valentine’s, and Christmas. So, you can earn big money on such occasions. The good part is that the cake demand will not fall during the off-season as there will be birthdays every month; it can guarantee you a steady income throughout the year.
This business for women can take several forms. You could get a physical storefront and start an official bakery, or offer made-to-order baked goods for pickup or delivery, or even sell them online if you’re confident they’ll ship intact.
You can also start a home-based catering business to prepare appetizers and meals for various types of events.
You can easily excel in the food industry if you have made up your mind. You would also have to manage the logistics, keep an eye on orders, and keep track of deliveries.
3. Educational services/Teaching
You’ve heard of male-dominated industries; education is definitely more of a female-dominated industry. If you love absorbing and sharing knowledge, and education-oriented business could be a great fit. Teaching is another home-based business idea for moms.
Often, these are flexible businesses where you can choose your own hours, work from anywhere, and keep it as a one-woman operation or scale it to employ others.
If you teach a group of students at your home, you’ll charge less and need to get a good number of students to make a decent income. However, if you choose home tuitions, you’ll charge high, and you can earn sufficient money from a couple of students.
You can also think of online tutoring. It is an extremely trending business idea, and many teachers prefer it over traditional teaching. Online tutoring is easy to start as you can join popular online tutoring sites. The average annual salary of a tutor is USD 46,000.
Whether you are a seasoned tutor or are just starting, you can expand your reach and teach students from all over the world by creating an app. Building your own courses can be a highly efficient way to teach it to others if you’re an expert on a certain subject. It’s a lot of work up front, but once you’ve written the materials or recorded the videos, the bulk of the job is done. There are a variety of online course platforms where you can build and sell courses.
Organic products are the new norm of living. As organic products’ shelf space has increased, people are confused about what is authentic and what isn’t. So the best thing to do is learn the process of soap making and get started. Building a part-time or full-time business takes time. It also takes money. A clear plan is essential for success as a soap-making entrepreneur. Certain state permits and licenses are likely needed to operate a handmade soap business; remember to procure them. Soapmaker makers earn USD 20,000 to USD 40,000 a year.
- Interior Designer
Women unquestionably have an edge in the design industry. We literally have an “eye” for it: research shows that women can distinguish shades of color that look identical to men.
Interior designers help people create attractive and functional spaces in their homes. Note that in some states, starting an interior design business requires that you have specific licensing.
If you are a creative person and would love to decorate rooms, interior designing could be a profitable business idea for you. Interior designers make indoor spaces functional and beautiful. The interior designer determines space requirements and selects essential and decorative items, such as colors, lighting, and materials. They must be able to draw, read blueprints. You can have a location-based office where you will talk to your clients and show them your sample book fabrics and sample work. The average salary for an interior designer is around USD 50,000 per year.
6. Freelance Writing/blogging
Freelance writers create a written text that their clients need, either working from home or rent office space. Most freelance writers charge depending on the amount of work they will have to put into the project. However, the way they bill for the contents, its average range will vary.
Suppose you have a talent for the written word! Use it to start a freelance writing business or run and monetize your own blog on a topic you’re passionate about. This is my career so that I won’t be biased: it can be hard to start. For every great client, you might encounter 10 who want to pay a penny per word. You might get your start writing ultra-glamorous content about water filters and whether asphalt or concrete is better for driveways. It’s all part of the journey!
If you go the blogging route, it takes time to get established in your niche, start appearing in search results and turn it into a revenue source.
7. Dropshipping Business/ Running an online store
With an online store, you have lots of flexibility and low overhead costs instead of a brick-and-mortar retail storefront. You can run your business through an established e-commerce site like Amazon or eBay or build your own website on a platform like Shopify. The biggest question is what to sell—and that part’s up to you. You can sell your own crafted items, flip garage sale finds, design clothing—whatever there’s a demand for. You should check our article on the ultimate guide to starting your dropshipping business https://wowplus.net/the-ultimate-guide-to-starting-your-dropshipping-business/.
Even though dropshipping & online store feels like a complicated thing to do, it is straightforward and simple. You can find good deals on products at offline or physical stores and resell them on Amazon for a higher price. Revenues from online sales have continued to grow significantly. Amazon sellers make approximately USD 5- 10 million a year.
If you liked math in school and have a knack for numbers, you might make a great bookkeeper.
Bookkeeping is the recording of any financial transactions and is part of accounting in any business. If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Transactions include purchases, sales, receipts, and payments by a person or an organization/corporation. The bookkeeper brings the books to the trial balance stage: an accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
Bookkeeping is a great small business idea for women because you can easily find free bookkeeping courses to get trained in the right skills. You can often find flexible online work doing bookkeeping for small businesses, so it’s a business you can have on the side or take full-time. Bookkeepers receive USD 54,000 per year or more.
If you are an expert in a specific field and like to assist others, then consulting business is perfect. The consulting business is one of the best home-based business ideas for women entrepreneurs, and it can be initiated at a low or no cost.
Daycare Center is also called nursery, nursery school. It is an institution that provides supervision and care of infants and young children during the daytime so that their parents can hold jobs. If you love children, this is a great opportunity to start an in-home childcare business. The amount you can make varies on location, but you could charge USD 30 a day which turns out to USD 600 a month for each child. You can opt for a single-day fee, weekly fee, or monthly fee.
Finally, it is worthwhile to mention that you don’t need to be confined to the ideas mentioned above. There is no gender bias in the business ecosystem. If you feel confident, you must try out whatever business project you believe in. There’s no better time than now to take action on the above-listed business ideas for women and beyond.