If you are looking to open a solo business in 2021, check out our suggestions for the most profitable options, below.
Video Production
One of the best options for solo entrepreneurs in 2021 is to open a video production company. After all, videos are big business, as the internet is full of them, so that means there should be plenty of people that require your services.
Indeed, you can cater to all sorts of projects from advertising and marketing, to filming and producing Youtube videos. You may even want to enter the wedding market. Although, do so with caution. It is pretty saturated right now.
There are several tactics you can use to keep your start-up costs low too. The first is looking around for good-quality second-hand equipment like lights, cameras, and microphones. The next is to teach yourself how to use the editing software you will need such as Final cut pro. The good news is there are all sorts of tutorials online which means you won’t have to pay out for a formal course, to get the skills you need.
App Development
Another option for entrepreneurs is to go into app design and development, something that can be particularly profitable because of the increasingly low startup costs involved.
Of course, to have any success in this area you will need to teach yourself all the skills you will need to design and then develop your app. Fortunately, you will find some excellent free guides on topics like how to build a social media app online. Thereby avoiding having to pay out for a course in the subject.
If you choose app development for your business you will also need to carefully consider which income streams to focus on. This is because some developers make apps for others, while some create their own and then profit from in-app purchases from consumers.
Dropshipping print-on-demand products
Last of all, if you are looking to flex your entrepreneurial muscles and earn some serious money in the process then dropping shipping products you have designed could be the perfect opportunity. The great thing about the print-on-demand industry is that it’s already set up to manufacture and deliver your products, without you ever having to get anywhere near them. Instead, all you have to do is come up with a design and generate some sales.
Although, it’s worth noting that many sites like Redbubble and Zazzle will do some promotion for you, as well as offer you the opportunity to advertise your products so more customers see them. Other sites like 215 on the other hand either require you to set up your own site or link and export your account to another platform such as Shopify or Etsy. (Both very easy to do)
Of course, you will have to come up with the designs yourself, so some drawing software like adobe creative cloud or procreate is vital. Also be sure to familiarize yourself with the rules on copyright and intellectual property too, as anything less than a 100% original design could get you in trouble.
