Starting a business from home is very common, it has its ups and downs but it is a great opportunity to succeed from the comfort of your home. We researched businesses that are a great idea to implement as a startup in 2021, so pay attention and check your skills and finances to choose your next business step.
Home-based businesses are very popular. Almost half of the small businesses are started from home. So if there are 31.7 million small businesses, we are talking about 15 million businesses that are started from home. Pretty amazing, right?
BENEFITS OF WORKING FROM HOME
There are so many benefits that people experience when working and running a business from home, and here are some of them:
- flexible working hours
- more productive work
- better balance between life and work
- less stress
- saving money
- happier work life
- lower costs – no need for location, arranging, and equipping rooms for workers
- safer for environment
LIST OF HOME BUSINESSES FOR 2021
The pandemic had a big impact on starting new businesses from home. There is an increase of 49% was recorded in the third quarter of 2020 compared to the second quarter. So, you have full permission to feel excited about your future startup. Many people found their place in the market, now it’s your turn.
Feel free to find your opportunity in our list of best home businesses for 2021:
- Virtual assistant
- Social media managing
- Freelance coding
- Print on demand
- Food making
- Data entry
- Clothing business
If you are currently working as an accountant and you want to switch to home-based work that could be a great business step for you.
You can offer your service to customers online and start working on your own. You will need training and certificates as proof to your clients that you are highly trained and that you have great knowledge in accounting.
After you realize that your business is growing, you can become an accounting leader and hire employees. In that way, you will start your own firm that can enter the virtual industry of accounting where you don’t need offices, work equipment, and similar.
Online accounting services are the future of accounting. 43 percent of CPA firms have employees who regularly work remotely according to a 2018 survey of Certified Public Accountant Firms. If you are looking for a successful business, you should follow new trends.
The virtual assistant industry ( speaking about the global market ) was estimated at USD 85.6 billion in 2018, according to Statista.com. In another report, 4,4% of growth for the Virtual assistant industry is estimated to be reached by 2022.
What do you need to become a virtual assistant:
- organization skills
- skills to handle calls, emails, and appointments with ease
- phone, email, and computer skills
- good knowledge of online tools for schedule appointments and meetings
- be able to run organized online calendars and set up reminders
- to be flexible with your time
- be ready to make reservations, organize events, purchase tickets, and similar
- to be able to file documents and sort them
If you can find a link between your abilities and these needed skills, you can become a virtual assistant. All you need is goodwill, free time, phone, email, and computer.
3.Social media managing
Social media is a great opportunity for brands, businesses, and public figures to attract their audience and they often need help with that. That’s the part where you step in.
If you are a communicative person and if you understand the flow of social media, you can be a great social media manager. A skill that social manager needs to have:
- communication skills
- good management of social media accounts
- to be able to share content appropriately
- be able to reply to customers politely and intelligently
There were 3.6 billion social media users registered in 2020, according to Statista. The same report is estimating that by 2025 that number will increase to 4.41 billion. Social media is the biggest market on the internet where people can promote their businesses, brand, and similar and it is the main marketing strategy. With the growth of social media, there will be a bigger need for social media managers because every new business will need its place on social platforms.
The great thing about this small business is that you can make a progress and have a social media management agency and all investment you need at the start is an average computer and phone.
Freelance software development is becoming more and more popular. It is a high-paid job and the great thing is that you can work from home.
With this business you have many opportunities, you can travel and work from any place on the planet and still keep your job profitable. You can create your own schedule with flexible working hours. If you don’t have knowledge of coding, you may take online courses to learn. They can cost from USD10 to USD200 depending on if you find them on sale.
Great thing is that this small business can grow into a big business after you expand and open your own coding company that can be also virtual.
If you are looking for the fastest-growing jobs, those are programming jobs according to Burning Glass. They recorded 12% faster growth than the market average.
When you start coding, you can have average computer equipment that costs from USD700 to USD1,000, but if you want to do it professionally you need to invest in better equipment and more powerful computers which cost from USD2,000 to USD3,000.
5.Print on demand
If you are creative and have your own designs, you can start Print-on-demand small business. This business industry showed a growth of 12% over the last 4 years. People love customized and personal clothes.
Before you start selling you need these things:
- supplier of materials on which you will print your design and personalized designs
- a place to sell (your own website or popular marketplaces)
- equipment for printing
- deal with a manufacturing company if you don’t plan to print it by yourself
This business can include a lot of different types of clothes but you need to keep your business halal and sell only halal clothes, not revealing ones.
Also Read: Learn how to sell clothes online here
If you are starting this business from a scratch you don’t need a big investment. You can start selling on eBay and similar selling places where it’s free to be a member and you can make a deal with a manufacturing company to make t-shirts, hoodies, and similar instead of you. After you make some profit you can invest and expand your business.
Blogging can be a full-time job done from home and it’s highly paid if you follow the right steps when creating one. To have a successful blog, fundamental principles for blogging and SEO are to have unique content and links, according to Adan Enfroy, owner of a blog that has earned him million dollars in the past two years.
Taking courses for blogging strategies is the best option to succeed in this field but you also can start without a big investment. Courses can cost from USD10 to USD100.
To start a blog you need:
- to choose a blog niche
- to get a domain name (you can find a free custom domain name for the first year)
7.Halal Food Business
If you like cooking and everybody is complimenting your food you can start your own food business. When doing business with food there are many options like:
- having your own website or blog with tutorials and recipes
- having catering agency
- having local food delivery
When having a website you can start selling food that is organic and halal because there is a big need in the market for halal food. Muslim market size is estimated to reach USD 3.2 trillion by 2024, according to Statista.
The same report claims that the halal food and beverage sector makes up the largest part of the Muslim market because Muslim consumers are most in demand for these products.
When starting a food business you don’t need a big investment. At first, you will need:
- a place to cook (that can be your home kitchen rearranged to handle making large amounts of food)
- marketing strategy (the best marketing strategy – social media)
- website or a youtube channel or a blog (depending on what kind of business are you starting)
Data entry is a great business opportunity because it doesn’t require much knowledge and investment. For this business, you don’t need any investment if you already have a computer or laptop and a reliable Wifi connection.
When you earn your first money and save enough funds, you can build your own small business agency for data entry services. All work is digital so your employees can work from home so you don’t need offices and location and associated costs.
Skills for data entry job:
- keyboarding skills
- working under deadline
- pay attention to details
The data entry industry is expected to grow by 3% by 2026, according to the U.S. Bureau of Labor Statistics, Employment Projections program.
The clothing business is rising because demand for clothing is rising all around the world. It is expected that the global apparel market will go from USD1.5 trillion in 2020 to about an incredible USD2.25 trillion by 2025, according to Statista, a leading provider of market data. The market for clothes is bigger every second and the clothing business is the most profitable business on the market.
A clothing business has many opportunities and different ways of running one. How to run a clothing business:
- by having a print-on-demand company
- reselling new clothes
- reselling used clothes
- selling designed clothes
- selling custom made clothes – tailor business
Each of these business types has different investment costs. What they have in common is:
- the need for a website where clothes will be promoted or a marketplace where they can present their clothes
- funds for marketing
- funds for clothes ( if it’s for reselling business) or material (if it is for custom made clothes and tailor business)
Skills that you need for this business are to be motivated, full of energy and you need to have great marketing knowledge. Marketing for the clothing business is the key to success and if you don’t have an idea how to manage the marketing step you have plenty of courses that you can take and learn about strategies that will ensure your success.
With this business, it’s very important to keep it halal because many businesses are offering revealing clothes which are forbidden for Muslims. If you plan to run a clothing business, you should stay within the range of Islamic regulations.
Also Read: Resources and Tools to start a business
WHICH BUSINESS WILL GROW IN THE FUTURE?
Among the businesses that will grow in the future are the media, technology, and eCommerce business. The eCommerce business is expected to grow 128% by 2026 and the tech industry is expected to grow from USD356 billion to USD482 billion in 2026— we are talking about a 135% increase.
When we look at the media sector, a big increase is expected in this area also, USD357 billion by 2026.
Our list of businesses had a goal to cover different skills so that everyone can find a business idea suitable for themselves.
There was a hard time during the pandemic but those hard times showed us that people can work under pressure and that they become braver to abandon a boring routine and begin a new chapter in their lives. Every day many people start their businesses all around the world, now it’s time for you to start yours.
Farah Ishak is a Content Writer at Halalop. She grew up in the United Kingdom where she obtained her Bachelor’s degree in Management. Later, she completed her MBA and held senior-level positions in Malaysian based MNC. She left the corporate world to be with her young kids. She is passionate about issues concerning Muslim women, Startups and Muslim businesses in general.