Table of Contents Hide
- 35 Lucrative Business Ideas 2021
- Network marketing
- Foreign Currency Exchange
- Courier Services
- Point of Sale (POS) Agent
- Social Media Influencing
- Digital Marketing
- Data Analyst
- Website development
- Social Media Management
- YouTube Channel
- Freelance Writing
- Ghost Writing
- Laundry Services
- Fashion designing
- Interior Decorator
- Event Planning
- Wedding Planning
- Resume Writer
- Online Coaching
- Graphic designing
- Ebook Publishing
- Mobile Restaurant
- Computer Language Coding
- SEO Consultant
- Mobile Phone Accessories Sales
- Affiliate Marketing
- Online Course Creator
- Health and Fitness Coach
- Ample Drone Piloting
- IT Support
- Business Yield Idea generator
Studies show that the most successful people are those who plan ahead. So in this post, you will encounter 35 of the most lucrative businesses you can venture into in 2021. We will even throw in ideas and business plan for these businesses to guide you on your journey.
What are Lucrative Business Ideas?
What is a lucrative business?
Concerning business ideas, it should be your aim for such idea to be as lucrative as possible. A lucrative business is one that returns substantial amount of profit to you (the business owner). Many of these businesses require little or no capital to begin and that is what makes them very lucrative.
35 Lucrative Business Ideas 2021
Dropshipping is considered a profitable venture for 2021 because it basically deals with typical e-commerce deliverables. Only that you don’t necessarily need to own a website or a physical store to successfully operate a dropshipping business. You don’t even require capital these days. This is because most dropshipping is done by ordering customers goods with customers money. So your customers pre-order these goods by paying you. Then you make a bulk order (which is cheaper) from foreign e-commerce companies like Amazon and AliExpress. When these goods get delivered to your location, you send them out to their respective owners.
READ MORE: SMALL BUSINESS IDEAS LIST
Networking is not going anywhere anytime soon. Networking has laid its foundation on human referrals for growth. Since the world is going digital, networking is also going digital. Basically, any business can thrive on peer to peer marketing. This ensures sustainable growth and progress of businesses. In 2021, anyone that can pull a number of referrals for a business will be a well sought-after individual.
Foreign Currency Exchange
You may know this as Forex trading. Foreign currency exchange has advanced over the years. Evolving from merely exchanging American dollars for British pounds when the market is suitable to exchanging digital currencies like Bitcoin and Ethereum for Japanese yen and Indian rupees. This business might require a little capital and some knowledge of the exchange market so you don’t run at a loss, but otherwise, it will be a very lucrative business in 2021.
What makes a business idea lucrative is the fact that it aims to solve problems arising from daily human interactions. Running a courier service requires very little but if managed well, it will be one of the most profitable ideas you can materialise for next year. It involves you delivering products and goods from one point to another point within a particular city. Sometimes even from one city to another and with advancement, from one country to another. People will always have the need to transport goods from one location to the other so this venture will definitely be profitable.
Point of Sale (POS) Agent
Operators of Point of Sales (POS) machines solve problems in their own ways as well. They practically help to reduce the number of individuals crowded in banking halls. Majority of the transactions that can be carried out in the bank can easily be carried out by these agents. These days, there are companies willing to give out these machines to individuals on some terms. You may need very little capital to begin but once you start, your profit is guaranteed. Being a POS Agent in 2021 will be quite lucrative because it keeps the society moving as we live in a fast pacing world. Only businesses that can keep up with the pace can flourish.
Social Media Influencing
Social media is the future of this generation. Everything can be found on social media and this makes it the best platform for influencing people’s decisions. A very lucrative business idea for 2021 will be to become a social media influencer. Your job will be to partner with a brand and convince your followers either on Instagram or Twitter or Facebook (or all) to patronize that brand and purchase whatever they are selling. This may require you to sprout products from the brand as well in order to be well convincing to your followers. To do this, you will definitely need to have amassed a worthy amount of followers on social media, followers that like you and do what you do, this will make it easier to influence them.
Digital marketing involves the new age marketing that involves everything digital. With no startup capital and all the technical know-how you can get, you will be required to run organic and inorganic campaigns, sponsored social media advertisements and Google Ads for clients in order to achieve maximum digital marketing results. Your clients will expect impressive ROIs so you have to give it your best shot. This is one other lucrative business idea for 2021.
Before now, the job of a data analyst used to be a tasking one in every organization. It was never a job segregated to a different person; we could have secretaries or even managers analysing data but since data has become more and more complex, the job has become one for a dedicated individual and this has given rise to data analysts. There are online courses you can take to improve your data analyzing skills and can practically function in any organization. This is definitely one business to look out for in the coming years.
Every startup requires a website. As a website developer in 2021, you get to create, develop and manage websites for corporate bodies and (or) individuals. The good thing about this is that you can work with multiple clients simultaneously, depending on your output rate.
Social Media Management
Corporate bodies and even individuals that cannot handle social media by themselves have developed the need to hire a social media manager. As a social media manager, your job is to manage the preferred social profiles of your client, growing the social media page in terms of engagement and followership for a period of time. Social media management requires a certain level of know-how but with absolutely zero start-up capital, you can work your way up the ladder of success with this lucrative business idea in 2021.
Profiting from a blog can be a tedious task sometimes, but once you get the hang of it, you will come to appreciate the venture. In 2021, you can create a blog for free and blog about anything and everything based on your choice of niche. With a free blog, you can grow your blog reach to a substantial amount until you gather the little capital needed to purchase a custom blog domain and start earning from your blog. You can even sometimes earn from a free blog.
There are currently over hundreds of thousands of YouTube users in existence. Running a YouTube channel requires no capital to start and once you meet some criteria, you start earning from ads that YouTube will show on your channel and considering you earn in dollars, your profit is certainly going to be mouthwatering.
Freelance writing is the most flexible futuristic job in terms of profitability. You get to create all form of written content ranging from two line copys to two pages articles for individuals and organizations without signing a permanent position with your clients. You will be free to choose who you want to write for and when you want to write since you will be freelance. The best part is that it is a remote job which you can do from the comfort of your home. This is one underrated business idea that is sure to bloom in 2021.
Similar to freelance writing only that whatever you write for your clients will not be credited to your name. You will only get a stipulated fee for your services but your work will be credited to someone else.
New school DJs have found ways to evolve and inculcate their craft into this days events and since we know that events are not going anywhere for a long time, this can also be a profitable business idea for 2021 once you can gather the little capital required to acquire your instruments.
Models are respected for their ability to represent brands and showcase brand products in a way that suggests others to patronise the brand. Modelling in 2021 is considered highly lucrative because of the constant sprouting of new brands that will come to need the services of models.
Podcasting is similar to having a private radio station. New age podcasting is slowly gaining enough grounds to compete with traditional radio. In 2021, we can expect podcasts to basically compete with radio stations. By doing so, podcasters will have opportunities to run adverts and campaigns the way a traditional radio station would do. There are various online platforms that can help you create your own podcast. They will also walk you through a step by step process on how to manage it.
The world has gone mobile and remote. Everyone is trying to stay productive and so some people regard doing their laundry by themselves as being unproductive. Even having a washing machine does not cut in anymore. In 2021, a lucrative business idea will be to own a mobile laundry business. One where your customers can send their clothes over to you via courier and have their laundry attended to in seamless speed. The growth of this business will prove profitable in years to come.
As the world advances in fashion trends, the need for capable fashion designers cannot be watered down. As a fashion designer in 2021, you can grow to be in charge of celebrities fashion statements. All you will need to start is just a sewing machine and a drawing book. Your imagination and innovation can cover the rest.
Interior decorators are all about aesthetics. You will be in charge of tasks such as selecting color schemes, purchasing new design items, arranging furniture layouts, and hanging wall art. Think of yourself as an expert who can help people bring an entirely new look to an existing space. This is one lucrative business idea for 2021 that can’t go stale.
Events these days are going digital/virtual and this does not even limit the need for event planners because even virtual events need planners. Events have evolved and so also have event planners. As an event planner, you will be in charge of logistics, catering, decorations and more for an event. This is a vital job as the success of an entire event depends solely on you. A small capital is needed to start. But you must be endowed with the technical know-how to successfully plan an event, both physical and virtual. This can skyrocket your business to become a highly lucrative one in the years to come.
Wedding Planners bring the vision of brides and grooms to life by planning, organizing and overseeing all aspects of the wedding ceremony, reception and, often, the honeymoon. They ensure that the preparation, as well as the execution, of the couple’s big day goes smoothly and that the newlyweds are satisfied with the results.
They resumes, or summaries of the qualifications of an applicant who is searching for a job. Resume writers know the correct words to use when listing the applicant’s qualifications, skills, education, and job history. Many resume writers specialise in writing resumes for one type of applicant. This is a very lucrative business idea for 2021 as resumes will continue to be in demand by employers for a long time to come.
You can start up a business as an online coach, specialising in coaching individuals in an area that you are perfect with. This could be lifestyle coach, behaviour coach, relationship coach, public speaking coach, or even inspirational coach. As a coach, you are empowered with information that your prospective students want and you can choose to share this information for free or at a fee. Either way, you can amass wealth from online coaching.
To become a top-notch graphics designer, you will need to have taken some online courses to polish your skills but after that, everything else comes with ease and so also the profits. Graphic designing is a well sought-after business that will definitely go beyond years to come.
With platforms like Amazon, you can self-publish an ebook with little start-up capital and sell for a stipulated amount. Your ebook can cover a number of themes and information that readers will hold valuable. Your sales are guaranteed this way.
Running a mobile restaurant entails you to oversee the delivery of food to corporate clients and individual customers as the case may be. You will be at an edge because your services will always be easily reachable by your customers. You don’t need a physical space which is a plus in this business. All you will need is a way for your clients to make orders. Meeting clients’ orders at swift speed will be your advantage over other traditional restaurants.
Computer Language Coding
SEO consultants specialize in evaluating an organization’s website, including incoming website links, and offering methods to implement that will net higher search engine results. These consultants may be self-employed or work directly for a marketing services agency. SEO consultants typically work full-time in an office environment. But these days, the job has transcended to fit a remote setting. You may need to brush up your SEO skills with a few online courses. But with that and no startup capital, becoming an SEO Consultant will be a highly lucrative business idea for 2021.
Mobile Phone Accessories Sales
The typical sale of mobile phone accessories can never go stale. Mobile phone owners will continue to increase and will continue to be in need of accessories. You may need a little start-up fund to purchase some ground accessories but once fully invested, your profit is guaranteed.
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You first have to find a product you like. Then promote it to others and earn a piece of the profit for each sale that you make. READ MORE: AFFILIATE MARKETING TIPS FOR BEGINNERS
Online Course Creator
The various online courses that are now in circulation all have creators, the people who create the outline and syllabus for these courses are well paid. This is a really lucrative business idea that will come handy in the near future.
Health and Fitness Coach
Everyone gets cautious about their state of health at one point in their life. The job of a fitness coach is to dish out tips and instructions to people on how to live a more healthy life and keep fit. You don’t necessarily need a degree in health education to be a fitness coach but such a degree is a plus as the extra knowledge will boost your business turnout.
Ample Drone Piloting
Drone pilots are rare and that is what makes the business extremely lucrative. Once you garner enough knowledge and you are able to professionally pilot a drone camera, your only limits will be yourself.
Also known as technical support, is a position hired by a company to oversee and maintain their computer hardware and software systems. Your skills are an asset to the company, as they assist in resolving technical issues concerning customer’s accounts or company software infrastructure. As a Technical Support worker, you will also support computer software integration by diagnosing and troubleshooting common problems.
Business Yield Idea generator
Business Yield Idea generator is the best anyone can find online because it is purely operated by humans not a set of algorithms or Artificial Intelligence.
Humans gather data and do a quick but detailed research based on the information you provide. It’s simple to use, just answer a set of quick and easy questions and your business ideas will be in your email in less than 24hrs.
It takes 24hrs because this is the most feasible idea generator as it takes into consideration your budget, intended startup locations, talents and skills, available time you can give the business etc. Based on these data with extensive feasibility study and just a little token, you would have list of ideas sent to your email with links to give you access to instant business plans, Business model canvas and up to 3 years financial analysis to help you get started for the business.