If you love helping out people, launching a service business is a great endeavor to explore. There are several opportunities in every industry, from tech to fashion. So, regardless of your interests or expertise, you can find a service business that’s well-suited to your strengths.
To get you off to a great start, the following are some of the most lucrative service businesses in 2021—and beyond.
Videography Services
If you have the talent, passion, and eye for it, becoming a videographer and providing professionally-made videos in 2021 is a profitable business to establish. You can provide custom video production services for weddings, as marriages this year are likely to spike up as people start settling in the ‘new normal’ way of living. Marketing videos are also a lucrative area to explore.
Senior and Elderly Care
The demand for personal care and home health workers is expected to grow by 41% starting in 2021 until 2026, thanks to an aging population referring to staying at their homes and avoiding nursing homes or hospitals. Starting a business in this niche can be extremely profitable and rewarding. You can create a company where you can hire personal care and home health aides.
Software Development
The software industry is experiencing rapid growth thanks to consumers shifting to digital or online processes. There’s an 11% increase in demand for computer software, particularly for new smartphone and tablet applications in the United States alone, making it a profitable business to try and launch at the start of a new decade.
Business Consultation
Customers are shifting their focus from conventional purchase to online shopping, a trend that’s been continually growing since 2018. If you have the experience and skills for it, providing business consultation services is a profitable venture to tackle as more aspiring entrepreneurs are likely to start a business this year. That’s because it’s never been easier to start a business until now—and they’ll likely be looking for an expert’s advice and guidance.
Pet Care
If you have a passion for taking care of animals, establishing a pet care business is one of the most profitable ventures you can tackle. In fact, Americans alone spend over $69 billion on their pets, giving you plenty of opportunities. This sector’s highest growth area is pert services, ranging from grooming, walking, pet sitting, training, and boarding. So, if you have the passion, patience, and skills for taking care of pets, this is the best choice for you.
Chatbox Developer
Small businesses and large enterprises have been using chatbox to interact with consumers nowadays when exploring their websites. It’s an efficient and fast way of assisting consumers, helping them navigate a business’ products, services, and giving feedback—and the numbers are continually increasing every year.
If you have the programming skills for it, starting a chatbox developing business can be a fantastic way of earning money in today’s digital age, helping you provide chatbox software catering to any industry.
Social Media Management
Although this may be a saturated market, it’s never too late to get started. Different businesses will require digital marketing services and advertisements to promote themselves. As social media shows no signs of slowing down, companies are likely to include the platform in their marketing campaigns. That’s why if you have a passion and excellent understanding of social media, establishing a social media management business is ideal.
If you’re considering starting a business at the new start of a decade, it’s crucial to take the ‘new normal’ into account as it has changed so much how people consume goods and services. With the said, trying any of the businesses mentioned can ensure massive returns down the line.