Small Business Ideas to Make Money in 2021 (Low Investment Ideas)
With so many business ideas in 2021, it can be hard to figure out which are worth pursuing. While jumping on a new trend can sometimes be risky – it can also be highly rewarding. You may notice that a lot of the ideas on this list have been growing in popularity recently. Others have been popular for a long time, making them more competitive but less risky. However, all the small business ideas below will help make you money.
Best Business Ideas of 2021
If you have been asking yourself what business to start, then this list is for you. According to small business statistics, one of the biggest motivations for opening your own business is being your own boss. Owning a business gives you the freedom to work when, where or how you want. Want to work at a beach or your grandma’s house? Go ahead, no one is going to stop or question you. This is the dream life many people hope to live one day, and thanks to some great business ideas, achieving that lifestyle is well within your reach.
Let’s take a look at the list of business ideas that’ll make you money in 2021:
1. Dropshipping
Are you looking to sell products online but don’t have the money to buy and store inventory? Consider dropshipping!
Dropshipping is an ecommerce business model in which you don’t have to manage any physical products.
All you have to do is set up an online store, and partner with suppliers who’re ready to store, package, and ship orders to your customers. What’s more, you don’t need to spend hours on product research because you can use dropshipping apps like Oberlo to find awesome products to sell.
Check out this dropshipping course to learn more. If you’re searching for easy online business ideas to pursue, learn how to build an online store by taking advantage of dropshipping.
One of the reasons that people are often drawn to dropshipping is that you don’t have to hold inventory. However, if holding inventory isn’t an issue – maybe there’s enough room in that spare closet – then you can also source products wholesale.
Online marketplaces like Handshake enable small business owners to find unique, high-quality products and build long-lasting relationships with suppliers. It’s worth checking out as a supplement to dropshipping if you already know what you want to sell.
2. Print on Demand
If you’re looking for successful business ideas to execute, try print on demand. This is when you sell your own custom designs on items like phone cases, mugs, and t-shirts, but don’t actually print the artwork. Instead, you collaborate with suppliers who print your design on the product – they’ll even package and ship the product to your customers, so you don’t have to worry about logistics. Also, you only pay once you have sold the products. One of the quickest ways to get started is to create a Shopify store and install a POD app like Printify. In terms of marketing, partnering with Instagram influencers to promote your POD items is an effective way to reach audiences. To evaluate whether print on demand is the right option for you, watch our video where we get into a healthy debate with Wholesale Ted (a print on demand company).
Want to start your own Print On Demand business? Sign up for a free trial of Shopify and build your dream store. Today’s the day.
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