6 Business Ideas for Women Who Want to Be Their Own Boss
The 21st century has seen an exponential rise in the number of women entrepreneurs. According to the 2018 State of Women-Owned Businesses, female entrepreneurship has increased by an impressive 3000 percent since 1972. Society is quickly realising that women are at par with men and competent in all walks of life.
There are innumerable business ideas and opportunities for motivated and aspiring female entrepreneurs, and this article will outline some of those business ventures that don’t require a lot of initial investment. While starting a business from scratch is certainly no easy feat, the key to a success lies in tapping into your own personal experiences and playing to your strengths and passions. Here are a few low-cost small business avenues for aspiring businesswomen:
1. Freelance Writing
For all the journalistic women out there, that possess good writing skills, this is one very good option to consider. Freelance writing is the practice of writing for money while working on one’s own and not being employed by a company or organisation. There is no shortage of writing jobs online as there is a huge demand for content writers in the market. Flexibility in working hours is one of the biggest perks, as you work on your own time. Another is that it requires zero investment to start.
2. Party Planner
This one is for all the creative and organised women out there. If you have good communication skills, an eye for style, a high-energy personality, a flair for organisation and are resourceful, then event planning business may be a very rewarding option for you. A party planner is responsible for choosing the theme and decorations for the event, coordinating with vendors, organising schedules, favours and other assorted goods, and making sure that every guest enjoys their time at the celebration. The investment in this business is low and it is a great way to earn a living.
3. Selling Your Own Line of Products Online
Whether you have a knack for making jewellery, cards, chocolates, or other homemade goods, starting an e-commerce business to sell your handmade products is easier than ever now with platforms such as Amazon and Flipkart. In this business, you take your artistic skills and talents and leverage them into sales. The biggest advantage of this option is that you will be indulging into your passions and hobbies, and spending your time doing something you genuinely enjoy, while simultaneously making money.
4. Drop-Shipping Store
Drop-shipping is a business model that you can use to run your online store without ever holding any inventory. It is one of the most popular business models for young entrepreneurs because here, internet marketing skills far outweigh financial capacity. Once a sale is made, the supplier ships products from their warehouses directly at the customer’s doorstep. There is no need to worry about packaging and shipping of the products, and one doesn’t even need to pay for the inventory until after it’s sold to an actual customer. Because of the very reason that there is no requirement to stock or handle the items one purchases, it’s possible to start a drop-shipping business with limited funds.
5. Proof Reading
This business idea is perfect for people who have eagle eyes for error spotting in publications. A proof-reader ensures that written content is free of any grammatical, spelling, punctuation, syntax, typographical and formatting errors. Again, this business requires absolutely no investment if you have the skills and knowledge, but it is advised to spend some money in proofreading courses as that can help you in the market your services to land gigs faster, even if you don’t have enough experience. Check out this article as it has listed some sites to go for proofreading jobs.
6. Virtual Assistant
Because of the increasing popularity of Internet Marketing, virtual assistants are very in-demand currently as they are a fantastic way for business through outsourcing. Virtual assistants are remote workers who assist their clients in day-to-day tasks, from scheduling appointments, sending emails, producing content, managing social media, answering customer queries and so on. Virtual assisting business is a very lucrative business option for a person with good organisational and managerial skills, attention to detail and will to learn. It requires little to no investment, while the income is substantially good.
In today’s progressive society, women are career-minded, intelligent and competent. For young women entrepreneurs, starting their own business is not only a way to be financially independent, but also a way to fuel their passion. Above are only 6 of the small business ideas discussed, women currently have endless opportunities to display their entrepreneurial abilities. With the right guidance and knowledge, today’s woman can easily open successful and flourishing businesses.
Written By - Radhika Rathi
Edited by - Vaibhav Sharma
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