Many online startup businesses are seen sprouting during this COVID-19 pandemic. Fortunately, the cost of starting an online business is generally much lower than a brick-and-mortar store.
If you are someone who is looking to start your own business in 2021, here is a list of ideas you can plan for and try out online!
The ongoing pandemic has caused more demand for freelance jobs as compared to full-time hires. More businesses are also looking to market themselves online more aggressively, and there are many such available freelancers online.
By matching the requirements of various clients to the abilities of freelancers, both parties would benefit from your service. You save both party’s time and effort wasted in searching for each other.
This is especially helpful to online freelancers who rely on such gigs as a source of income amidst the pandemic.
The ability to converse in multiple languages is a highly sought after skill. If you are one of them, you might want to consider starting up a business to monetise this ability.
Try freelancing online by offering both written and verbal translations if you don’t already have any experience. With the portfolio you build with different companies, you have the leverage to charge higher rates to bigger organisations!
If you feel like taking it up a notch, you can consider hiring other translators of different languages to join you in your venture. The expansion to the services you offer provides a greater competitive advantage for your business.
Due to the large number of both big and small online businesses looking to reach out to larger audiences, this startup business idea has great potential, especially during this pandemic.
Depending on your current skill sets, you can choose to approach this startup business idea differently. As a web developer, you will be responsible for designing the client’s website as well as ensuring that it runs smoothly.
With many drag-and-drop page builders in the market today, you don’t need to have any programming skills. All you have to do is to learn how to use a page builder, have a little bit of design skills, and you’re ready to look for your clients!
If you already have programming abilities, this startup business idea will give you a competitive advantage! You could work as a front-end developer, where you help build what users see and interact with while providing customers with seamless user experience.
On the other hand, if you are analytical and detail-orientated, the job of a back-end developer could be better for you.
If you have a knack for cooking, this business plan could be for you. Most large catering companies have a high minimum order requirement and do not cater to small groups of people.
As a home-based caterer, you can control the amount of food that you prepare and cater to smaller groups of people. The saved cost of hiring chefs also allows you to reduce the prices of your catering services. This gives your business a competitive advantage over large commercial catering companies.
As we’re currently in a pandemic, do remember to take extra measures to ensure that the food prepared is hygienic!
Due to the COVID-19 pandemic, many parents are increasingly wary of sending their children to tuition centres and bringing tutors into their homes. This resulted in many tutors having to take to online platforms to conduct their tutoring services.
As an online tutoring centre, you can hire tutors by providing them with an online platform to teach interested students. In essence, you can both teach or act as a middleman where you connect tutors to parents.
Instead of renting a physical centre to conduct these lessons, doing this online is a lucrative and efficient business idea as minimal start up costs are needed.
Besides academic tutoring, if you have a unique skill to offer, you can also consider starting online courses. This is flexible, scalable, and allows you to reach out to both local and global audiences!
Nowadays, vintage is in trend. Consumers are willing to pay high prices for vintage items compared to fast-fashion or mass-produced products as they believe that these goods are one of a kind.
However, looking for valuable vintage items is like looking for a needle in a haystack. Before executing this business plan, you will need to have an eye for antique items with potential that may otherwise go unnoticed by others.
These pieces can usually be bought at low prices and sold at significantly higher prices. Depending on the condition of the item, you might need to do a little bit of refurbishment before putting it up for sale.
Reference: Exit Vintage
With more people going online due to the pandemic, it provides you with plenty of opportunities to start up a business idea online. This gives you the ability to validate your ideas at the lowest costs possible.
With some creativity and a little bit of learning, you can monetise any skills that you have. Even if you don’t have any monetizable skills yet, you can create a startup business in 2021 by connecting those who already have to people who are ready to buy!
Aspire and Osome partners to offer the first same-day online incorporation and business account opening in Singapore from anywhere in the world.
Furthering their vision to digitize the corporate management and banking industry, the partnership will bring more convenience, ease and speed for directors who want to open a business in Singapore. This new service is 16% cheaper than doing both processes separately on your own.