5 Business Options to Explore in 2021

The pandemic that the world has been fighting off for more than a year now doesn’t seem to relent and there’s no indication that it would do so anytime soon.

Despite the rollouts of COVID-19 vaccines to countries around the world, there are still a lot of countries with high cases of the deadly virus. Thousands of people who contracted the virus continue to suffer and many of them die eventually.

Despite such grim realities, there are still some bright points that one can glean out of the entire situation.

Specifically, certain businesses proved to be highly resilient and thriving under a volatile state. Many of them began showing strong demand last year and continue to do so this year, which makes them pretty safe bets for anyone who wishes to start a business in 2021.

Here are five business options that you should consider exploring this year:

Food supplements

Products that promoted health became big business in 2020 and it seems that 2021 will have the same scenario. This is because health experts revealed then that people who have a weakened immune system are at a high risk of falling victims to the fatal disease. As such, be sure to consider getting into the food supplement business this year.

There are manufacturers and suppliers of vitamins and food supplements such as whey permeate and milk protein concentrate, so sourcing the products that you need won’t be a problem.

You may sell them online for a profit or open a small kiosk or rent a stall in a commercial area near. Just start small and work your way up.

Dropshipping

Dropshipping is a low-cost, low-risk, and potentially high-reward business option that you should also consider this year. This business model will have you setting up an online store, finding customers, and teaming up with suppliers who would fulfill your customers’ orders on your behalf.

It’s essentially the perfect online selling model for entrepreneurs with a limited fund and who don’t want to maintain a physical inventory of the products they offer.

Since your products will be maintained and shipped by a third party, you can simply focus on getting as many customers as you can while ensuring that your partners have enough inventory to satisfy the demands.

Online teaching/tutoring

If you have a knack for teaching and you’re confident in your skills to teach certain subjects, then you should venture into the online teaching or tutoring business. With millions of students forced to study at home because of COVID-19, you already have that many potential clients.

All you need to do is to advertise your services via social media or create accounts in freelance or remote work platforms and find jobs there.

Food delivery/errand

storefront

If you already have a car, a good driving record, and lots of time on your hands, then starting a food delivery or errand business would be a great way to start your career as an entrepreneur.

At the start of the COVID-19 pandemic, many people were genuinely terrified to go out of their homes for fear of contracting the virus. Last year was when online deliveries and errand service providers started to gain a robust momentum and all indications point to a similar scenario for 2021.

This is a business that’s pretty quick to jumpstart with a small capital, so it should be on your list.

Food truck/meals-go-to

With lots of people still choosing to stay away from public places such as restaurants, food trucks and meals-to-go businesses continue to be viable business options for this year.

Food trucks are highly mobile and easy to set up, and they serve as the perfect compromise between a fast-food restaurant and a take-out counter. You can rent or buy an old food truck and outfit it with a basic kitchen and food preparation amenities, find a spot to park your truck and serve your products to hungry customers.

Meals-to-go, meanwhile, is a perfect business venture for those who have the talent for whipping up delicious meals but don’t have the money to open a proper restaurant. You can deliver orders for a minimal fee or you can have customers pick up their orders at your place.

The ongoing pandemic is, undoubtedly, a trying time for many of us. As the safety threats still loom above people’s heads, these are among the most viable business opportunities that you should explore this year. With hard work and some luck, you could probably turn a crisis into your best year yet with the right business pick for 2021.