Have you ever wanted to be your boss and make your own rules? There are many benefits to starting your own business, including making your schedule, deciding what you want to do, and working at something you’re passionate about every day instead of sitting in an office making someone else rich.
Of course, dreaming about starting your own business and doing it are two different things. If you’re committed to starting your own business, the first thing you have to do is figure out what type of business you want to have. You can start any business, but what’s best depends on your unique needs and desires—looking for a business idea to get you started?
Top 10 Business Ideas for Women in 2022
Check out these types of businesses for the business-minded woman.
If you enjoy writing and can dedicate time to it daily, consider starting a blog. Blogging is a great work-from-home business idea that allows you to accomplish your chores while dedicating enough time to your craft. Blogging allows you to be as flexible with your hours as you want. However, to be a successful blogger, you must build a website and begin writing. We recommend finding a passionate topic that will allow you to educate others with engaging content. You’ll also need to find ways to bring visitors to your blog each month. You should invest some time in social media marketing and search engine optimization to attract interested visitors looking for content like yours.
Once you bring enough monthly visitors to your blog, you can start earning money in several ways. Not only can you put ads on your site, but you can start affiliate or influencer marketing to earn more money from your articles.
Affiliate marketing is another great stay-at-home business idea because you only need a few things, including internet access and a quality computer. Ultimately, it would help if you had a following to be a successful affiliate. You may have to start with a completely blank slate depending on your social media following or blog visitors. Of course, if you start a blog, you can start affiliate marketing if you have enough visitors. Affiliate marketing allows you to earn money by promoting businesses on your blog or social media, allowing you to earn a commission on every sale.
The best part about affiliate marketing is that it can generate passive income. After you’ve promoted a product or service, you’ll get paid. Therefore, if you write a single post that gets a lot of traction for months, you can earn recurring revenue passively.
In the digital age, more people are deciding to use their skills to become freelancers. In the past, freelancing was reserved for those with creative skills, like writers and designers. However, now anyone can freelance as long as you have a marketable skill. So whether you’re a great virtual assistant, copywriter, or consultant, you can earn money on your terms by freelancing.
Freelancers work for clients, but they’re their bosses and can decide when they work and how. Freelancers can change in different ways depending on the project and their niche. There are many ways to get freelance work, including:
- Cold emailing
- Job boards
- Freelancing platforms
To become a freelancer, you should have a portfolio to back your work up. But, of course, if you don’t have a portfolio from past work, you can still find items to include based on the services you’re selling. For example, if you’re great at making spreadsheets, you can make a portfolio of different spreadsheets, reports, and formulas to showcase your skills.
Many companies like working with freelancers because they can deduct their fees from their taxes. Additionally, freelancers come with their expertise and software to help them do the job. When pricing yourself as a freelancer, consider your costs, including self-employment taxes, startup costs, and any overhead you might have. Remember, as a freelancer, you won’t be entitled to any benefits like paid days off, so you should price your fees higher than a regular full-time job.
If you’re great with money and can record financial transactions, you can make a great bookkeeper for a business. If you choose to start a bookkeeping business, you’ll work as a contractor for multiple businesses, allowing you to be your boss and choose when you work. All types of businesses need bookkeeping, so you can choose to work with small or large companies from home.
If you have skills in bookkeeping, consider taking it a step further and becoming a tax accountant. While tax financial experts may be super busy during peak taxes seasons, they can keep it more low-key the rest of the year if they even choose to work. For the busier months, you can check out tax software options, especially for accountants, to help their clients file their taxes. Many tax accountants make all or most of their money during tax season, so for the rest of the year, you can relax and take it easy or start another business if you’re feeling extra entrepreneurial.
If you love pets, consider becoming a pet sitter. Pet sitting requires you to visit the homes of pet parents to care for their furry companions while they’re away, whether they’re just at work or taking a longer vacation. Depending on the pets you babysit, you may have to take dogs on walks frequently, so it’s best to understand the basic training rules to ensure even the most unruly pets can behave on walks.
Pet sitting and dog walking is great businesses for those who want to make more money while running another business or working a full-time job.
Social media influencers have established credibility in their industry. Depending on how many followers they have and their engagement rates, they can earn hundreds, if not thousands, of dollars on a single post. More businesses are using influencer marketing to reach their target audience, so there’s an opportunity for everyone, no matter your niche. Even if you only have a few thousand followers, you can still become a micro-influencer, but remember, the more followers, the more money you can make.
Selling on Amazon
You can sell almost anything on Amazon, allowing you to open your own online business. However, to start selling products on Amazon, you have to source products to resell at a higher cost. The Amazon Fulfillment by Amazon (FBA) program allows you to take care of selling your goods, pricing them accurately, and marketing them. Meanwhile, Amazon takes care of the rest, like shopping them from their facilities to customers and handling customer service issues.
Become a Landlord
If you own property, you can rent it out and become a landlord, allowing you to generate a relatively passive income, especially if you hire someone else to manage the property for you. Of course, you can rent out any house you own, but it may take a few years for you to see a return on your investment. Once the returns start flowing in, you’ll be happy you took this long-term investment approach.
Selling Crafts Online
If you make handmade goods for friends and family, consider selling them to earn a profit on online marketplaces like Amazon Homemade or Etsy. Many artists, jewelry makers, and others have succeeded on platforms like Etsy because they’re provided with many helpful guides and information. Setting up a shop is easy, but there’s tons of competition, so you must find ways to market your products to make them truly stand out.
If you stay home to care for your little ones, consider opening a daycare to help others get the care they need for their kids without relying on overcrowded daycare centers. Instead, you can select the kids you’ll be willing to daycare and set your rates. But, of course, if you plan on opening any childcare facilities, you’ll need to be licensed in your state.
That being said, as long as you don’t care for too many kids at once, you can open a daycare right out of your home to help relieve other parents of their stress, allowing them to go back to work or stay at work for longer hours to earn more money, which will go right into your pocket.
What to consider before starting a business
Before starting a business, you must determine whether it’s the right fit for your lifestyle. Depending on the type of business you start, you may have to spend long hours trying to get it up and running. Additionally, you might not have the skill set for all the different types of businesses we’ve listed. For example, it’ll be hard to find work as a graphic designer if you’ve never had experience as a designer or didn’t go to school for it. That being said, consider what your current skill sets are and try to brainstorm ways you can make money from them while being your boss.
Just about anything can be a business, but the hard part is finding paying clients. If you currently have income from another job, consider keeping that job until you can live off your business earnings. Always consider your startup costs to ensure starting a business is something you can afford. Explore alternative funding in the form of grants from the government, a foundation, a trust, or even a private company
And finally, don’t start a business just for the money. Since you’ll spend many hours working for your own business, you should try to start something you’ll be passionate about every day. Being a small business owner comes with many responsibilities, so choose something you’re excited about.