17 Small Business Ideas For Women To Make Money In 2020
Here are 17 small business ideas for women to help you make more money in 2020. These are business ideas that you can easily scale and grow to 6-figures.
Excellent Small Business Ideas For Woman That Really Make Money
Ladies, are you looking for small business ideas that really makes you money and doesn’t cost a bomb (or with zero investment)? Thanks to the Internet today, you probably had read a dozen of Internet marketing blogs sharing some of the best small business ideas for woman. However, you might not be convinced.
You have an idea (or ideas) back in your head and you need to validate the idea.
Don’t worry, I have been there myself.
When my wife, Nicole asked me last year about small business ideas for housewives, I did some serious research for her. Okay, I wanted to be the husband that supports the wife, right? 🙂
I ended up with dozens of small business ideas for women that either:
- Don’t require any investment, or
- Require just a small investment (like a couple of dollars) each month
So, what you will next are the best small business ideas for women with zero bluff, fluff and BS.
I sincerely hope you find this guide useful and if you find some gems here, please leave a message below and tell me all about it!
Table of Contents
Two Types Of Small Business Ideas For Women (In Today's World)
Women are strong characters and with the right tools and guidance, they are often better than most men (ouch, for me). This means that there is ENORMOUS opportunities for them to excel, and believe me, I have seen and guided some housewives to make over 5-figure salary each month from the comfort of their homes.
Here’s the thing.
You need to understand this business model before you can actually take charge of your financials (before you can make money).
The two types of small business ideas for women are:
- Ones with investments, and,
- One without investment
Now, I’m repeating myself (if you read the above paragraph) but it is important for you to understand.
Most small business owners fail even before they start because their mindset is wrong. E.g. they can make money under X number of days, they can be financially free almost instantly, etc.
Most small business ideas for women require a certain level of commitment—and when you are committed, more financial opportunities will come your way.
Without further delaying, let’s start discovering the best small business idea for women.
Start A Blog
My first choice is almost (definitely) starting a blog. Before you jump at me and say “this guy is full of BS”, allow me to share with you some quick ‘things’ about blogging.
- You don't have to write (if you dislike). You can go for video blogging (visual) or podcasting (audio)
- Technology allows you to blog anywhere and anytime (there is no commitment)
- Blogging is cheap (like a couple of dollars each month)
- The opportunity to earn money as blogger goes as high as 6-figures each month
- You don't need any coding skills to be good at blogging
I know.
When I speak about ‘blogging’ in conferences, I get the funny impressions from the listeners—you know, the ones such as “I don’t think blogging is right for me.”
But they are wrong.
Everyone of us are good in something. It can be gardening, cooking, preparing desserts, baking, child care or anything under the sun.
Use that ONE topic that you are good in as your blog concept.
And when you are blogging with things you are passionate about, you will be in love with it. Just like me loving to blog (and I blog for a living).
You see, blogging saved me. I went bankrupt 3 times in my life before I hit 30 years old and I nearly committed suicide because I was ashamed of myself.
When I blog, everything felt so calm and I am in love with words. I started blogging in 2004 and I had never look back.
Want to start blogging? Here are some cool resources to help you get started RIGHT NOW.
Start An Ecommerce Business
eCommerce is blooming right now. Like seriously.
Women are taking eCommerce by storm and if you are doubting yourself, here’s an article on 31 incredible women taking eCommerce by storm.
When it comes to finding the best small business ideas for women, you don’t need to overthink (well, we often do)!
If your heart desires, then you should go for it. At least, give it a try.
As Steve Harvey said, you got to JUMP at least once in your life because success is often at the other side of the hill. I wrote about taking the leap and having faith in God in his latest book, Jump. Check it out on Amazon.
How to start an ecommerce business from home?
- Find a topic idea, product or service you want to promote. It has to be something you really passionate about. It can be anything that you love doing. Don’t worry, there is always demand in the lamest topic too!
- Get started with Shopify (it’s the easiest eCommerce store). I go for Shopify all the time because it is affordable and I can launch my store within an hour or less without any tech coding skills.
- Setup payment gateway (Shopify gives you 1-click integration with PayPal, Stripe and a dozen payment gateways).
- Promote your store from time to time on social media. This is the best and free way to get eyeballs to your products.
- You should only SCALE when you are generating profit or revenue from the eCommerce store.
Feeling overwhelmed? I bet you do and don’t worry, I got you covered here too!
Allow me to introduce “Lady Boss Movement”, a female entrepreneur who started as a flat-broke newbie (not knowing ANYTHING) built an online EMPIRE and took the leap of faith without any backup plans—and went on to change the lives of 1.3 million women around the world.
If she can do it, you can too. Watch her story and video here (or click the image below).
Freelancing
Are you good in writing, administrative work or works related to computers?
Freelancing is one of the popular small business ideas for women who want to earn some money.
Here’s the beauty of freelancing. You can earn couple hundred of dollars to thousands each month—depending on what you are offering to the employers.
Some works such as copywriting and social media management often fetch higher income compared to other freelance works.
Why should I choose freelancing?
- It is easy to start.
- It is free to start.
- You can bid and charge fees based on what YOU find fit (expertise, time and effort).
- Work from home, work from the cafe or work from anywhere you want, anytime of the day.
Freelancing resources for women
Funnel Builder / Funnel Hacker
What is a sales funnel?
A sales funnel is a step-by-step process that allows you to bring your potential customer one step closer to your offer and a buying decision through a series of marketing actions like automated emails, videos, articles and landing pages that will do the selling for you.
Sales funnel is often an important tool for any form of businesses in the world and the demand for funnel builders are always growing.
Take a look at ClickFunnels, the leading sales funnel builder in the world.
There are many members who are earning 5 and 6 figures each month just for building funnels for companies around the world.
Not all of them have a degree or masters, but they certainly make a decent living from sales funnel.
Take a look at ClickFunnel’s Facebook Group to learn more.
Pinterest-ing
Honestly speaking, I had no idea if the term Pinterest-ing actually exists. But I’m sure you get the point.
I have many female entrepreneurs who make more than just a decent living from Pinterest.
But wait. How does Pinterest fits into a small business idea for women?
Here’s some information taken from LifeHack.
Pinterest As A Small Business Idea for Women
- Follow your passion, build an audience and sell to them.
- Choose a company to promote, and ask for sponsorship.
- Promote affiliate products.
- Use search engine optimization (SEO) strategies to get found on Pinterest.
- Create contests on Pinterest to sell your own products.
- Re-pin others’ pins to win an audience and make money.
- Make money by teaching Pinterest strategies to others.
Quote of the day.
You don’t have to start big. You just got to start today.
Freelance SEO Consultant
This a very niche small business idea for women. A freelance consultant provides a wide range of services, including website auditing, monthly SEO backlink projects/campaigns and manual link building services.
If you are knowledgeable in search engine optimization, becoming a freelance SEO consultant can earn you a very stable and high passive income.
Two quick wins if you want to start a freelance SEO business
- Build a strong portfolio in freelance platforms such as UpWork and Freelancer.
- Build a portfolio on your own without counting on third party platforms.
The differences between option #1 and #2 is the fees and commission. When you work/bid on freelance platforms, you will be charged a certain amount of commission. While freelance platforms provide a wider range of clients and other freelancing tools, the heavy commission might lead to a lower than expected earnings.
Option #2 is a better option once you have build a certain level of authority in the freelance SEO space.
You can easily build a professional portfolio for your freelance SEO consultant works using a self hosted WordPress website and website builder such as Divi Builder (if you have no coding/tech skills).
Turning Leads Into Paying Customers
Managing your own portfolio is good but turning leads into visitors will be challenging part. I recommend using a sales funnel to drive the customers into ‘buying mode’ instead of strong headed and outright salesy tactics.
Need to build a sales funnel under 15 minutes or less? Use ClickFunnels.
Become A Coach
Coaching is one of the highest paying small business ideas for women in today’s economy. Coaching can cover a wide range, including executive/CEO coaching, team coaching, customer support coaching, entrepreneurship coaching, psychological coaching, fitness coach and writing coach. Coaching allows women to earn thousands of dollars and build a strong income stream with moderate work effort.
In most cases, coaching requires some level of certification or knowledge. I recommend you to start coaching on things you are confident with.
If you have no prior experience to the topic, the best way to start coaching is to take up courses to learn. I attended some of Tony Robbin’s seminars and I find it really useful as a business coach. I think you will find it useful too.
Data Entry
If you are looking for a low commitment small business ideas for women, data entry might just be the right one for you. This particular job allows you to work from home (no outside sales) and you are often required to fill up spreadsheets with information. You will be paid by the hours you work and the level of expertise you have in data entry.
Data entry is one of the easiest small business ideas for women today and it doesn’t require any upfront commitment to start.
Affiliate Marketer
If you are a blogger, you would most likely hear about affiliate marketing. Affiliate marketing has long been one of the popular small business ideas for women around the world. It is easy to start and it allows you to work from home at anytime of the day.
Most affiliate marketers use blogging as a platform for them to promote a product. Affiliate marketers can the process where you promote a product of others and you get a commission for every sale that you refer.
There are many affiliate marketing companies and platforms that you can choose from, including ShareASale, Commission Junction (CJ), JVZoo and ClickBank.
Free Masterclass: Learn How To Go From $0 to $100,000 in 12 months
Join this free 7 days course and learn exactly how I scale my affiliate marketing business to 6 figures without any coding skills or marketing knowledge.
Reserve My SpotStart A Digital Marketing Agency
Digital marketing agencies are one of the most sought-after businesses in the world and this is definitely one of the best small business ideas for women.
Over 50% of the businesses in the world are still operating on brick and mortar system. The thought of moving into digital is scary as hell for many. This is where a digital marketing agency comes into play.
Starting a digital marketing agency varies based on several factors, including demographic. If you are planning to start a digital marketing agency, it is recommend you have it registered with the local government.
How to make a digtal marketing agency profitable (Even if you have no prior Business knowledge)?
- Do a research if there is a demand for digital marketing agency in your area (broad search).
- Next, perform a specific search for well sought-after services within your area.
- Next, figure out what your competitors are doing well at, including the services they offer.
- Reach over to UpWork and get several estimates on 5-stars freelancers (hourly rate, success rate etc.).
- Work out a rate card for you to promote to the local community.
- Generate leads through networking at events and through online traffic (I use ClickFunnels to segment my leads and definite if they are hot/cold leads).
- Work your way to grow your agency by hiring permanent staffers but allow them to work from home. I use ClickUp app to track their progress.
It is highly recommended that you have some basic/prior knowledge in digital marketing before starting a digital marketing agency. While it is possible to do without any prior knowledge, it will be a super uphill battle and you would need to rely completely on your team.
Sell Discarded Items
Do you some items left in the garage and no longer in use? If yes, this is the time to start selling them for some quick cash.
Females are great in arranging garage sales and a well-organized garage sale can fetch hundreds if not thousands of dollars in just one go.
How to make the most money from garage sales?
- Always organize your items in order so that it is easier for the public to take a look.
- Create markups or tiers by percentage (if you would) so that you leave some room for negotiation.
- Keep your items clean before the sale. Items that are in good condition (and clean) often fetch higher price than those who are not.
- Be courteous to customers, even if they don’t buy.
- Don’t forget to ask them to tweet or share a Facebook post to help you build some traffic.
Home Baking
Do you inherit grandma’s baking secrets? Are you passionate about baking?
If the answer is “yes”, baking might just be an awesome small business idea for you.
Here’s an important thing.
You can take baking online especially with selling books and eBooks on baking recipes. Take a look at this video to learn more!
Starting A Writing Business
Writing never runs out of trend and the demand for great writers are always growing. Writing can in a form of copywriting, blog post creation, sales pages, fiction and non fiction books.
The beauty of writing as a side business idea for women is that it is really easy to start if you have the flair or interest.
You can either start as a freelancer to gain experience or simply launch your first ever book on Amazon.
Best and free writing tool for new writers ➡ Grammarly
Become A Respondent
Full time respondent makes at least $150 per hour, and that’s really crazy.
A respondent’s job is quite similar to filling out survey forms, except that you have to do them in market research studies.
You will need a PayPal account for this task as well, since most of the sites that provide or hire respondents bill using PayPal.
The best and the most legit platform for this gig, in my opinion, is Respondent.io. They have different focus groups for students, parents as well as people from different professions and provide off-site employment, mostly to US Residents, but in many cases to international people as well.
Here’s a little tip to earn your first $100 with Respondent.io.
When you sign up, try to fill out the details and the questions in as much detail as possible. I have done a respondent’s job and earned up to a $100 in 30 minutes. That’s quite an easy way to earn some extra cash.
How To Get Started With Completing Surveys (Using Respondent)?
The easiest way is to sign up for Respondent.io as it is the most legit survey site for beginners.
Next, fill up all your particulars and be as detail as possible.
From time to time, you may require to provide more details to be invited into some specific surveys.
Here’s a real-life example.
Last week I received an invite to participate in a marketing research: $50 for 20 minutes of my time! Not bad as a creative way to make money by answering some questions!
Proofreader
A proofreader ensures content is free of typographical, grammatical, spelling, punctuation, syntax, formatting and other such errors. The job is all about tweaking the syntax and diction in a piece to ensure the most fluid, original projection of the content possible, explained Koles.
You can become a freelance proofreader on various freelancing sites, including my favorite UpWork.
This small business for women is best when you have strong gasp in language.
Translator
Translator is another cool small business ideas for women around the world.
Allow me to give you an example.
Me and my wife are from Malaysia. She speaks 5 different languages and she work from home being a language translator. Depending on her client’s budget, she makes a decent amount for every project she takes up.
Real Estate Agent
Last but not least, becoming a realtor is definitely one of the most sought after small business ideas for women. A real estate agent is often paid either by commission basis or commission + fixed salary. The majority of realtors that I know in most countries are paid based on commission basis.
Becoming a realtor can be very profitable for women. Since you are paid based on the commossion, you can make a very decent income every month.
But becoming a realtor is challenging. You need to drive traffic before being able to close a deal. It is important to setup your sales funnnel correctly to ensure that you are driving hot leads every day on automation.
How To Turn Visitors Into Hot Leads?
Build an air tight sales funnel to make sure every visitor counts. Here's how it is done.
BONUS
Bonus: Get Paid With These Payment Gateways
Ladies, it is important to understand that working online means you are going to get paid online.
Therefore, make sure you have an active account for both PayPal and Payonner. If there is an option, I recommend you to go with Payoneer because is has a lower commission/procession fee compared to PayPal.
Summary: What is the best small business ideas for Women?
There are many small business ideas for women today—thanks to the advancement of technology and the market condition.
There is no right or wrong, best or worst side hustle ideas that you should or shouldn’t.
Dive in to one or more small businesses and run it for at least 6 to 12 months before deciding which is the best small business idea for you.
If you need help, feel free to contact me or leave a comment below.
Reginald Chan
A meticulous entrepreneur by nature and a serial entrepreneur. Founded a few awesome startups including Marketing Lancers and ContentSix.com. He is also the founder of Fatherhood Talks and leading columnist for some large publications.
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About Reginald
Young at heart and a deep passion for entrepreneurial success, Reginald is devoted to share everything he had learned about online marketing with the public. Follow him for more awesome postings.
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