The COVID-19 pandemic has had a devastating effect on the global economy. In the US alone, one in four people have either lost their jobs or had to face pay cuts due to the pandemic. But, it has also presented an excellent opportunity for individuals with entrepreneurial instincts.
Technology has made it possible to work from home and also opened up new avenues for employment. There are many jobs currently in existence that were not even imaginable a few years back. If you are looking to start your own business but aren’t sure which to choose, here are some ideas that you can consider.
Health and wellness instructor
Mindful living practices like yoga and meditation are becoming popular. According to a survey, about thirty-six million Americans practice yoga and spend around sixteen billion US dollars on yoga classes, equipment, and other yoga-related accessories.
Thus, starting a business as a yoga instructor is an excellent professional choice. You will, however, first need to get a yoga certification from a recognized authority as an instructor. You can start with online yoga classes with a few clients and then move to establish a holistic franchise of your own as your business grows.
The importance of the internet and digital marketing is growing with each passing day. It has grown tremendously during the pandemic, with businesses looking for other marketing methods since traditional marketing was impossible.
However, you should realize that digital marketing is a vast field. There are many concepts like SEO, pay-per-click, social media marketing, search engine marketing, etc., that fall under the umbrella term of digital marketing. If you are looking to start a digital marketing agency, make sure that you are knowledgeable about the various things involved in digital marketing.
Home care services
According to research, the population of people aged eighty-five and over is projected to increase three hundred and fifty-one percent globally. Such individuals, naturally, require home health care and assistance services. Similarly, they require the help of other individuals to run errands on their behalf, such as buying groceries or paying the utility bill.
As a home care services provider, you can help such senior citizens who are in need. You don’t require any certifications or a background in healthcare to provide such services. You can start as an individual freelancer and slowly expand your business and hire employees as you grow in experience and finances.
Mobile phones are everywhere, and it provides an excellent opportunity for mobile app developers to become professionally successful. As per research, the mobile app market is expected to reach over four hundred billion dollars by 2026. Thus, if you have the technical knowledge and experience in developing mobile apps, you can consider a career option as an app developer.
Similar to the home care services provider, you can start as a freelance app developer and slowly turn it into a business enterprise. You can choose to develop apps either for iOS or Android operating systems or both, depending upon whichever model suits you the best.
The work-from-home and gig economy has made it possible to work from the comforts of your home and provide services to clients from across the globe. If you know accounting, bookkeeping, taxes, and finances, you can choose to become an online accountant.
As an online accountant business, you can provide accounting services like managing and interpreting financial records to other businesses. Additionally, you can also work as a financial consultant to help businesses manage their finances, help recognize and reduce expenses, resulting in increased profits.
The e-commerce sector has seen a massive boom in the past few years. You can take advantage of this growth and become an online reseller. There are various platforms, like Amazon, that provide an excellent medium for individuals looking to start an online reselling business.
You also have a wide range of options to choose from, such as clothing and accessories, decorative items, jewelry, home furniture, to name a few. Depending upon your passion, finances, and other factors, you can choose to become an online reseller in any area you prefer.
These are just six business ideas that you can consider for starting your own venture. There are other options such as copywriter, consultant, graphic designer, and many others that you can consider. Whatever you decide, make sure that you have a clear strategy and plan to ensure that your business becomes successful. That being said, have a backup plan, too, in case things don’t work out the way you wanted them to be.