Just like youths women enjoy the benefit of numbers – women overally constitute the biggest segment of the global population. Plus women have certain inherent qualities that make them excellent entrepreneurs. Women are passionate and somehow know how to build vast and strategic networks. Though over the years women have bemoaned patriarchy as an impediment to their progress in society, things are steadily changing. The number of women starting and owning businesses is steadily rising and the trend is definitely set to continue. Here are 10 business ideas that women can take up in their quest to achieve financial freedom.
Women are naturally wired to love all things related to clothing. This makes it strategic for them to start businesses that involve clothing issues. Approaches can vary from retail, design to rentals. Some can do it from mobile stalls, from home or actually setting up a shop somewhere. Starting a business in this domain can now be optimized by leveraging on the internet and social media. Taking high-definition photos of clothing products you sell and flaunting them on the internet or social media can lure customers. Clothing services are also best complemented by related accessories and even the selling of fabrics. Check out the clothing boutique business plan.
Beauty And Wellness Services
This is yet another field that women are passionate about. The insatiable desire to look and feel good consumes a lot of women out there. The types of services that can be offered under this cluster are plenty. Some of them are salons, beauty spars, wellness centres and so on. Retail can also be closely tied in with this to rake in more revenue. The examples of goods that can be sold are cosmetic products, fragrances, herbal products or beverages, just to mention a few.
Day Care Centre
Women are nurturing and usually good with children; it is inherent in them. The day care centres arena has been reported as one of the fastest growing industries that is creating employment globally. This means the demand for day care services is spiking and women should jump onto to this trend. Due to the various ways in which niching can be done for this business anyone can make it if they are diligent enough.
Events Management Services
This is a segment that houses a lot of different types of businesses. For instance, one can build a catering business whose sole focus will be to provide catering at events or renting out catering equipment where possible. Some can choose to specialize on offering wedding event services. Another approach can to focus on offering décor services at particular events. As you can see the possible approaches are several and the choice lies solely on one’s areas of interest.
This is a multi-billion dollar industry so if you choose this domain you are on course. You must be someone who has an impeccable eye for detail, a heightened sense of beauty and very creative. Usually high-end markets readily pay for such services and they pay quite well at that. This is a field that women can start thriving businesses in so it is high recommended.
Buying And Selling
Women, since time immemorial, have always been known to do buying and selling. This is one of the easiest businesses for women to establish. One can choose to setup shop or simply do it from home. The working principle is to take note of goods that are fast-moving so that revenue is realized fast and stocks are procured quickly. The things on demand can vary due to season, location, target market and so on. Thus the advice here will be for one to conduct thorough market research before they start a buying and selling business.
Women are very enterprising and often times wield a remarkable diversity of skills. Instead of confining themselves to employers they can do freelancing rather. Here is an example; we have a lady called Tarlence who is a makeup artist. She is working under (i.e. employed) a beauty business called Cute Bunny. In order to make more money she can decide to start a freelancing business where she offers her services to any willing client without the bureaucracies of being employed. So the basic principle here is there are many women with exceptional skillsets but working as employees. They can setup businesses where they freelance their skillsets and that earns them way more money.
There are many food businesses that appeal a lot to women. Some of them can involve food processing, retail food outlets, fast food outlets and so on. Some women can even be passionate about horticulture since it is relatively less tasking than other types of agricultural activities. Catering services are also another food-related business women can start. Get the restaurant business plan.
Due to the aesthetic or artistic elements involved in branding women tend to start branding businesses. Branding can be broad in the sense of imprinting logos on various types of items. It can also entail banners, posters, fliers, and so on. Methods used can be heat pressing, embroidery or stick-ons amongst several others. Branding can also be in the personal sense i.e. personal branding – something like image management. So this is a big segment under which women can start very lucrative businesses.
A lot of people hate to do laundry for a wide array of reasons. In some cases the clothing items can require specialized handling in order to wash them – suits for instance. A successful business can be started by offering laundry services for certain clothing items. The idea is to identify clothing items that are usually handed in to dry cleaners and to find a sustainable market. To ensure productivity there is need to acquire specialized equipment such as washing machines and pressing machines.
As earlier mentioned women enjoy the advantage of numbers which works in their favour immensely. Women tend to easily convince customers to buy goods or services as opposed to men – it is a plus.