10 Best Online Businesses to Start in 2021

Online content writing is an evergreen business with a huge potential. Wherever you look, you will find content. Whether it’s a business website or a blog, everyone needs unique and high-quality content to convert their audience into buyers and subscribers. Hence, with the fast-growing online world, the need for content and thus for content writers is at peak. Whether it is copywriting the content for websites, writing for podcasts, YouTube videos or writing blogs, the demand for content writers is not going down anytime in the future.

Another online business idea with growing potential in 2021 is social media marketing. Nowadays, companies look for social media marketing agencies/influencers to promote their products online. And, you, with the knowledge of social media can earn huge in this amazingly profitable business. You can literally charge a large sum of money to promote their business via social media. Of course you need some skills to become an effective marketer and for that, there are so many digital marketing crsh courses available. You can enroll for such courses and make the best of your learning outcome.

The demand for online education has opened up a wide possibility for entrepreneurs to start their own ventures. It is actually a brilliant online business idea, you can choose a subject you have expertise in, and teach a course regardless of your location. Also, you can always consider teaching English as a foreign language online to students overseas, if you don’t have advanced knowledge in any particular subject. And if we talk about the online education market, it is set to grow at a CAGR of 10.26% to become a US$286.62 billion market by 2023. So, you know what you need to invest in!

Graphics are an integral part of every business, small or large. Everybody needs eye-catching promotional materials for their websites and products. Therefore, graphics designing is a lucrative business idea to start in 2021. If you’ve got an artistic streak and know how to organize content into a visually pleasing format, you can start a graphic design business to provide flyers, digital ads, posters and other engaging visual materials. You can also design logos which has a significant commercial and marketing value.

As the internet has opened a gateway for entrepreneurs to operate in various countries across the globe, the need for online translation service has spiked. And this has, in return,  created an opportunity for multilingual speakers to offer specific services, such as document translation and the translation of website information into languages for use in other markets. If you know multiple languages, then translation services industry could be your bankable endeavor.

Dropshipping is one of the thriving businesses these days and a great startup idea. If you’re worried about overhead expenses and physical space, then dropshipping is the one for you. It is a retail fulfillment method where an e-commerce store doesn’t keep the products it sells in stock. Instead, it purchases the item from a third party and has it shipped directly to the customer. As a result, the seller doesn’t have to handle the product directly. And it only requires you to open an e-commerce website with limited capital which you can handle from your home.

Transcription service is another profitable business idea for 2021. It allows you to work from home with a flexible schedule. Medical transcription services are especially needed as voice recognition technology proliferates for healthcare provider dictation. Medical transcriptionists typically charge 6 to 14 cents per line of transcription, which can quickly add up. The typical turnaround time for transcription work is 24 hours, so it’s important to stay on top of the jobs you accept. However, you can start slowly by accepting a few offers at first and then scaling up. The best thing is that there is very little startup cost and overhead. You simply need a computer, the appropriate software and a secure messaging service.

It may surprise you but becoming a Virtual Assisant is quite a high-paying business that you can do in 2021. A Virtual assistant is a person who provides technical, administrative as well as creative support to a business from a remote location. A lot of businesses these days are preferring to hire the services of virtual assistants over full-time or even part-time employees to reduce their fixed overhead costs. As per a survey, the Global Virtual Assistant market is expected to grow at a CAGR of 26.29% to reach US$12.383 billion by 2024, from US$3.052 billion in 2018. So, if providing services from home is something that interests you, then you should definitely consider Virtual Assistant Online Business.

The VR/AR i.e. Virtual Reality and Augmented Reality application business is a booming business idea for 2021. As it is a futuristic concept, it is one of the hottest and most profitable online business ideas of future. As per the current market estimate, the VR Application market is likely to grow from $7.9 billion in 2018 to $44.7 Billion in 2024. So if you can start an online business for VR/AR Application development, you can grab a big part of it. There are many online VR/AR development courses available which you can do as per your knowledge level. So, you should definitely give a thought about investing in such businesses.

The topmost moneymaking business idea for the upcoming year 2021 is Android/iOS App Development. With more people leaning towards mobile for accessing the internet through smartphones, the demand for Android/iOS phones is rising exponentially. Let me tell you that Android has a lion’s share in the mobile operating system market with more than 2 billion devices powered by Android. iOS is behind Android but still the demand for applications in the Google Play Store/iOS App Store is huge. Businesses don’t want to be left behind and hence they are spending heavily to develop the best Android/iOS Application.

Hope you enjoyed our list of 10 Best Online Businesses to Start in 2021. Tell us in the comments which online business idea did you like the most and will start in 2021? Do not forget to give this video a big thumbs up!