7 Best Business Ideas for Women ($10k/Month in 2023)
The concept of a strong, independent woman is becoming increasingly popular today.
Women are proving they can be just as successful as men in the business world, and more and more females are choosing to become their own bosses.
Knowing where to start or what industry to enter can be challenging as there are various small business ideas one can explore.
Considering both full-time job hours and part-time options is also essential, as well as thinking about the amount of time and money you’re willing to invest in your business every day.
In this article, I’ll share the best business ideas for women who want to start their own businesses.
If this is something you’ve been thinking about, read on to learn more.
Starting your own business involves a lot of hard work, dedication, the right idea, and of course, passion.
When it comes to the right idea, here are some of the most profitable businesses to consider.
Helping business owners navigate social media is a great business idea for women.
Not every business owner has the time and resources to take care of their social media accounts.
If you’re a woman with a keen understanding of social media platforms and how to use them for marketing purposes, this could be the perfect business idea for you.
Showing business owners the value they can get from your expertise also means that you can start such a business with no money down.
Starting as a social media manager and then evolving into a consultant is also a great way to build a successful business in this area.
With various community platforms that can help build a client base, as well as numerous resources that can help hone your skills, there’s no reason why you can’t succeed in this industry.
A great startup to consider as a woman involves having a freelance writing business.
Whether it’s creating content for blogs or writing articles, there are a lot of businesses that are always on the lookout for talented writers.
If you have a knack for writing and are passionate about a particular topic, then this could be your business idea.
From creating exciting and relatable content about upcoming trends that help influencers to promote their products or services, offering proofreading services to ensure no language-related mistakes exist on marketing materials, or even writing eBooks on topics you have experience in, the amount of work your business can handle is usually the only limit you’ll have once your business becomes established.
As a freelance writer (which is an excellent work-from-home job), you could opt to work part-time, ensuring that having a business doesn’t mean sacrificing quality family time.
Copywriting is a skill that all successful businesses need to employ.
This is all about crafting compelling and persuasive sales copy, whether it’s for website pages, landing pages, email campaigns, or even social media posts.
With various AI copywriting tools that can help new and more advanced writers start their businesses and succeed, there’s simply no excuse not to try this if it’s something you’re interested in.
Another great home-based business that women can opt for is online consultancy.
If you’re an expert in interior design or graphic design, excel at corporate event planning or wedding planning, have the best tips when taking care of children at daycare, want to help other women with their dog walking business, or anything else in between, consultancy is a great way to share your advice with others and make money online doing so.
You also don’t need much technology to get going, scale and succeed; a simple online platform for sharing your skills is more than enough to start a coaching business.
Online tutoring and consultancy is a business model that anyone from stay-at-home moms to women returning to the workforce after a long break can pursue.
Also, if you go into a market (such as life coaching) where the information you share provides a higher relative value to others, the amount of money you can charge for your services will also increase.
Starting a YouTube channel is an excellent way to make money online, especially if you’re creative and have a strong personality.
Whether you want to recommend specific products and use affiliate marketing to monetize your efforts, or vlog about your daily life and share various insights, you can make money on YouTube by attracting a large audience and then using ads or sponsorships to grow your revenue.
As far as a new business idea goes, ensuring that you can differentiate your channel from the competition in your niche will be crucial to your success.
Knowing how much YouTubers make can also help you understand if this is something that could eventually replace your full-time income or supplement it.
If you’re into fitness, the vast amount of people now looking to get into shape offers an excellent opportunity to start an online personal training business.
Whether you’re a personal trainer that specializes in yoga as a form of exercise or you’ve got a more general focus on helping people improve their fitness and health, this is a business opportunity that requires very little in terms of startup costs but has the potential to grow into something much more significant over time.
Using a platform like Zoom or one of its alternatives, you can easily create a virtual personal training studio and reach people worldwide without worrying about paying for physical space or equipment.
Depending on the type of clients you attract, it can also become quite a lucrative business offering a great return on your investment.
This type of business can also be considered a travel job, allowing you to work from anywhere worldwide as long as you have an internet connection.
If you have expert knowledge to share regarding a specific topic, you can quickly launch an online course and make money in the process.
Not only is this a great way to hit your revenue goals, but it’s also a fantastic way to help others improve their lives.
With various topics you can choose to create a course on, the sky’s the limit on how much money you can make.
And with the right online course platform, launching your own course is easier than ever.
From creating an online course targeted toward your niche audience to marketing and selling your course, the right platform will make the whole process a breeze.
Blogging is one of my favorite ways to make money online as it offers a lot of flexibility and can be quite profitable if done right.
Not only can you make extra money through advertising, but you can also sell products or courses, offer consulting services, or even get a book deal.
As a blogger, you can generate passive income through various Amazon product recommendations, sharpen your writing skill set with each word you write, and stay on top of the latest SEO practices.
Starting a blog also means learning from the experience of others.
To that extent, here are the things I wish I had known before I started my blog.
An online store is another great way for women entrepreneurs to make money online.
Whether you’re reselling products, already have your own, or sourcing from dropshipping suppliers, this type of business has a lot of potential.
To top it off, the startup costs of an online store can be pretty low.
Bonus: Extra Businesses to Consider
Here are a few more profitable business ideas that can help the right woman become her own boss:
- Bookkeeping: If you are good with numbers, bookkeeping can be a lucrative business idea. This involves keeping track of financial records for businesses and individuals.
- Food service: Love to cook and have always been complimented on your food? Why not start a catering business or a food truck?
- Childcare: If you’re good with children (or know people who are), starting a childcare business can be a great way to generate income. Parents are always looking for quality childcare; if you can provide it, you can make a lot of money.
- Transcription services: Accurately transcribing audio files is a valuable skill. From using platforms like Rev.com to setting up your own transcription business, there are various ways to get started in this field.
- Create handcrafted items: Websites like Etsy and eBay allow people to sell their handmade items online. This could be a great business idea if you’re crafty and have always been complimented on your handiwork.
- Start a home cleaning business: One of the best small business ideas to consider is helping busy people keep their own homes clean. A home cleaning business is about matching your cleaning services to your clients’ needs.
- Offer a rental business that sets up parties: If you know mums with young children, throwing parties can be a nightmare. From ensuring that the food is cared for to having a DJ playing age-appropriate music, there’s a lot to think about when planning a child’s birthday party. What if you could run an event planner/party rental business that delivers and sets up everything that’s required for a children’s party? This could be a great business idea for you.
- Become a virtual travel agent: Helping individuals or families set up their dream vacations can be a great way to generate income. With the rise of online booking sites, becoming a virtual travel agent is easier than ever. You can use your expertise to help people plan their trips and book hotels, flights, activities, or all of the above.
A self-employed woman has a lot of advantages going for her.
She can be her boss, set her hours, and make her own income goals.
From various gigs you can do on the side to building a lucrative business that can completely change the way you live, there are many options for women to run with.
The key for women-owned businesses to succeed is for the owner to have the right business idea that fits their skill set and interests.
Hopefully, this list has inspired you on what business ideas might work for you.
Further reading on AdamEnfroy.com: If you don’t want to start a business from scratch, there are a few great places that make buying an existing business more accessible.
When it comes to the day-to-day, consider the tools that make running a business easier.
For example, the best CRMs for startups and small businesses can help you keep track of your customers, sales, and marketing.
And finally, LLC services can help you set up your business and protect your assets.