As we’re about halfway through year two of the COVID-19 pandemic, many people are beginning new businesses to help people adapt to this new way of living. Starting a business has become much riskier than in the past, but this is an opportunity to take a less traditional route into self-employment and business while pursuing your dreams as a business owner.
Don’t know where to start? Here are a few business ideas to start in 2021 that’ll extend well into the future.
One of the more profitable business opportunities to take advantage of is dropshipping. Dropshipping “is a fulfillment model that lets you buy products directly from a supplier or manufacturer and ship them to your customers.” This business model is easy to get into as you don’t have to worry about carrying inventory or buying products in bulk, and your supplier handles the shipping for you. Because of this, you can sell a wide range of products—beauty products, fashion, ice cream, and much more. So long as your supplier stocks the product, you can list it on your online store for free.
Do you have a skill set that could help other people? Are you knowledgeable about a specific topic and are willing to lend out your expertise? If so, you should consider starting a consulting business. Becoming a consultant can be lucrative as you gain more clients for your business. The more renowned you know, the larger your business will become, and the sooner you’ll be able to hire on other consultants for your consulting business.
The pandemic sent most students toward online education, which has opened up an opportunity for entrepreneurs. Becoming an online teacher for your own business will allow you to teach something you’re knowledgeable about from the comfort of your own home. Even if you don’t have a higher education in a particular subject, you can still offer to teach English as a foreign language to students across the globe.
One of the most common online business opportunities is becoming a freelancer. You become self-employed and aren’t committed to a long-term employer, letting you pick your own jobs and be your own boss. Use your skills to find opportunities that you can thrive in as a freelancer: if you’re good at writing, find a website that allows you to write for others without becoming employed at a specific company. If you design websites, search for people who are hiring freelancers to do just that. You can turn nearly any skill into a profit as a freelancer so long as you put effort into it.