New Businesses For Women Entrepreneurs

6 Profitable New Businesses For Women Entrepreneurs

Women who are highly motivated to own a business can talk about the difficulty of finding the right idea. Some women do find it easy to get the best ideas, but it can be difficult for others. Therefore, to make things easy for the latter category, this article will be giving a list of new business ideas for women. 

The good news is that there are several online money making ideas that you can venture into as a woman with little or no challenge. If you are having the feeling of owning your own business or becoming self-employed, then it’s time to listen to your gut. 

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Below is a list of best ideas for women and what it entails:

Affiliate Marketing

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Affiliate marketing is one of the best money-making ideas for entrepreneurs in the present age, and it falls under one of the profitable businesses you can venture into as a woman. It is an advert-based performance marketing where you get compensation for marketing a product. It is a process where a third-party seller or marketer will have to search for the products, after which he or she would promote the product. The parent company would be obliged to pay the marketer a token for every product sold through the marketer. This makes affiliate marketing one of the most lucrative businesses you can get into. 

To start, you only require a laptop, a website, and a 24-hour internet. All of this will put you in the best position to make sales. Also, you will need to drive traffic to your website to increase the number of buyers you will get. If you remain consistent and diligent, you can earn much more than $50, 000 in a year. 

Freelance Writing

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The very first thing you should know is that writing is never going to stop; it is an art that will continue for as long as man is living. Therefore, this makes it one of the most profitable businesses you can start right now. It only requires your creativity and a laptop, to begin with. Keep in mind that creativity is an essential tool needed to start this business.

Freelance writing is a profitable practice that can fetch you a lot of money while working on your own terms. You can write for organizations, company, or an individual.  You can work from the comfort of your home as a writer while making a decent amount of money. Charges differ per project for writers, and you can make up to 150,000 dollars per year as a writer. 

Social media manager

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Social media management is one of the fastest ways to be financially free if you are consistent and good at what you do. If you are vast in the knowledge of building a social media handle as well as converting leads for companies, this will give you an edge. You can start with small and medium enterprises, as this will help you build your portfolio. Social media managers make up to 15,000 dollars per month, and you can tap into this market. 

What makes this business idea unique is that’s, you can now use several tools to make things work faster and better for you. The only part that you come in is content creation and post scheduling. Additionally, you can manage up to 10 social media pages all at once with the right tool. 

Social media influencer

Being a social media influencer is relatively close to managing social media accounts. However, in this case, you are only in charge of your account. What this means is, you will have gained credibility overtime on your account in a particular industry or topic. For example, if you are known to tweet about Tech and innovation as well as having a high number of followers, you can soon become an influencer. This means someone that have answers to everything about Tech. First is you will have the respect of your followers and loyalty. Through this means, you can start posting adverts for tech companies, and you will charge based on the number of followers you have. Imagine having over 1million followers; this means companies making ads with you will have over one million reaches. This means more money for you. 

Life coach

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Life coaching has been one of the best businesses to make you a ton of money, especially since the beginning of the millennium. This is a business for women who are interested in helping people and teaching them how to grow. What makes this a profitable business is the amount of stress in the world daily giving rise to a lot of emotional stress. Therefore, you can become a life coach to people in this category and teach them online on how to get better at handling stress.

You can teach people on various topics like leadership, stress management, anger management, emotional intelligence, and lots more. It is a type of business that does not require certification before you start. However, to make more money, you can get certified. 

Online Tutor

New Businesses For Women Entrepreneurs

Also, this is more like the life coaching business, as you will be making money from teaching people online. The difference, in this case, is that you will be tutoring students who are willing to learn one or two skills online. Online tutors make a lot of money by teaching varieties of courses or crafts online. 

In a generation where owning a skill get you a job faster than certification, you will make a lot of money from being a tutor. There are lost skills to teach online. You have to find the one you are good at and start training. You can teach from the comfort of your home by using your laptop’s web camera or by having a pre-recorded video on the skills you want to teach. You can make money by posting your videos on YouTube or by enrolling to train websites like UDEMY and many more. 

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Final Thoughts

We’ve hoped you’ve enjoyed this list of 6 profitable businesses for women entrepreneurs. Can you think of additional business ideas for someone just starting out? If so, leave some ideas in the comment section below. Also, be sure to download our free passive income guide for even more great ideas!

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