10 Easiest and Profitable Service Businesses to Start in 2021

With the pandemic shackling the entire world and the rise of unemployment, skilled individuals are looking at ways to make money. Service-based businesses are the best options for individuals passionate about or experienced in one or other domains, with little or no investment.

10 Easiest and Profitable Service Businesses Ideas

Service businesses are easier to set up because of the low capital requirement and the ease of starting from home. Here are the 10 easiest service businesses without any huge upfront investment and are great to connect with customers

1. Online tutor

Covid-19 made a paradigm shift in the way the world works. Every service is delivered virtually. Work from home has become the new norm, and online education and the edu-tech sector are booming. If you are a teacher or an individual passionate about teaching, you can try experimenting by conducting online classes or tuitions for students. More parents are becoming comfortable with virtual classes and are looking for experts who can deliver the concepts in the simplest way possible. It is one of the easiest and profitable business ideas to explore.

2. Fitness trainer

It is one of the popular ways to make great money. The gyms and other training places are closed due to the pandemic, and there is immense demand for virtual fitness trainers since almost everyone is working out from home. The majority of the millennials are focusing on their fitness levels and are consistently looking out for personal fitness trainers and local gyms. With the pandemic, the demand for personal fitness trainers has skyrocketed. If you are a professional or a fitness coach, this is a great business opportunity. All you should do is get a valid fitness certificate and start selling your services based on the market demand.

3. Nutrition Consulting

With the pandemic and its impact, almost every individual has become self-conscious and health-conscious. People have started understanding the importance of consuming nutritional food and its long-term effects. With the shift, there is a great demand for nutritional experts who can drive these individuals in the right direction and help them become a better version of themselves. There are many platforms where you can onboard yourself and start pitching to your prospective clients. If you are a nutritional expert and hold a certificate, this is a service business worth exploring.

4. Online Surveys

An online survey is one of the easiest and flexible ways to earn money. It is one service business idea that you can supplement with your full-time profession. There are many paid survey companies where you can get registered and start earning money. Once you register, all you have to do is complete a survey and get paid for it. Sometimes, it might require you to participate in virtual focus groups or perform activities at the client’s location and pay for the extra work.

You cannot miss this. Social media is everywhere. If you are incredibly creative and can create visually pleasing posts for the Instagram or other social media handles of the clients, this is for you.

You can sign up on some freelancing platforms like Upwork, Fiverr and get started on this. All you have to do is stay on top of the current trends, competitor posts, and how you can add value to your clients. This one has great earning potential and is a great work-from-home opportunity for creative minds.

6. Graphic Designer

The world runs on social media, and graphic designers are in great demand. Many small businesses are looking out for freelance graphic designers who can work on small projects. If you are into designing and have creative and imaginary skills, all you have to do is sell yourself to these organisations and can make high revenue.

7. Blogger

Blogging certainly has become a business more than a trend. If you are passionate about writing and it excites you, you can start creating content and setting up an online blog. You can generate revenue by publishing your blogs for other business partners by helping them achieve their goal of attracting customers. It is one of the easiest service business ideas with zero investment and a great potential to make money.

8. Catering Service

If you have a passion for food and love cooking, this is one of the businesses that you can start from home. The majority of the millennials are opting for home foods or healthy foods. To begin a catering business from home, all you need is to understand the local demand, set up a very minimal team that can help you run the business, and get started. There are so many small organisations that are willing to pay for catering services. With the right business and marketing strategy, this is a profitable business idea.

9. Digital Marketing Consultant

Every small business is coming online to generate more visibility for that product and brand. Digital marketing is a key that unlocks a lot of demand for these businesses. These businesses are constantly looking out for marketing consultants who are good at creating content, SEO, and marketing. If you are a marketing expert, this is a great opportunity to partner with many direct-to-consumer (D2C) brands and help them navigate through the competition online and build brand value.

10. Pet Care Consultant

Are you a pet lover? Then this is for you. If you love pets and know the nuances of pet care and nutrition, you can become a pet consultant and start earning money. Many individuals and businesses are willing to spend an extra penny to make sure their pets get the proper care and nutrition. Check out if there are any certifications needed to become a consultant and get started on this easy, fun, and profitable business idea.

Wrapping up

Service-based businesses provide individuals with flexibility, ownership, and more importantly, let them do something they love and care about. The booming economy of India and the growing per capita and disposable income of the Indian middle class are some of the major factors fuelling the services sector.

Also read:

1) Online Business Ideas You Can Start Quickly
2) What online business can I do to make money? Here are the top-6 ideas for you.
3) Where Do the Best Business Ideas Come From?
4) Best Home Business Ideas in 2020
5) OkCredit: All you need to know about OkCredit & how it works.

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FAQs

Q. What are the key steps to start a service-based business?

Ans. There is no hard and fast rule to start a business. The basic steps involve diligent market research, competition understanding, demand and supply analysis, capital and budgeting exercise, financial plan, and marketing strategy. With these in place, all you have to do is leverage the internet, and get started on your idea.

Q. How much investment is required to start a service business?

Ans. The majority of the service businesses require very little investment compared to other retail businesses. The cost of setting up shop, warehouses, logistics, operations, etc., are very minimal in a service business. All you sell to the clients is your skill & expertise.

Q. How profitable are these businesses compared to others?

Ans. Compared to an operationally intensive business, service-based businesses are profitable since there’s little or no cost involved. But it is very important to tap the right audience and capture the market to sustain and keep up with the competition. Some of the most profitable business ideas are business consulting, accounting consultant, legal advisor, web and app developer, graphic designer, etc.

Q. What are the service-based businesses that are in high demand?

Ans. Some of them which are hot in the market are tax consulting, marketing, web and app design, legal services, translation, content creators, healthcare services, coaching, home services, pet services, fitness trainers, and real estate consultants.