Best Business Ideas in 2021 | Start your new business today


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It can be pretty exhausting to do a 9 to 5 job. Especially when you have only one paycheck to receive that does not reflect the effort you put into your work. Oftentimes due to this, you are likely to lose interest in what you are doing. But if you start your own business, you can be your own boss and propel your way into making more money with the best business ideas than you ever could at your day job. That is exactly why we’ve prepared this article carrying the best business ideas you could implement in 2021.

As businesses move online, the overall landscape is changing rapidly. During the period of pandemics, it might have looked like a great time to start your online business. But for those who couldn’t, it is never too late. If you have been asking yourself what business to start, the following list will answer your question at length. 

Top 3 Business Ideas in 2021:

Here are the best business ideas in 2021 that you can start with a low budget:

  • Amazon FBA
  • Amazon Private Label
  • Virtual Assistant

Amazon FBA (fulfilment by Amazon)

Fulfillment By Amazon (FBA) is a service offered by Amazon that provides storage, packaging, and shipping assistance to sellers. It allows sellers to ship their products to an Amazon fulfillment center, where items are stored until they’re sold. You can source thousands of products from different e-commerce stores like Alibaba, Sams club, etc, and sell them on amazon at your own price. Amazon FBA can help sellers scale their businesses and reach more customers.

How to start with Amazon FBA?

You can get started with FBA in 6 steps:

Register as an Amazon seller

To start an Amazon FBA, you need to make an account.

  • Register your account for FBA by going to www.amazon.com/fba and clicking Get started.
  • If you already have a seller account, select Add FBA to your account. If you do not have a seller account, select Register for FBA today.
Create a product listing

Once you have finished creating your account, go to the homepage and navigate to the inventory tab and select the option Add a Product. After that, the page carrying details of the new product appears. There are hundreds of fields, but most of them are not really important. Make sure to fill out the following:

Under ‘Vital Info’

  • Item Name – You have to add the brand name here. It is what the customer sees when searching through Amazon. e.g. Awesome Fly Swatter Mk2″
  • Brand Name – This is your Amazon FBA business brand. e.g. Awesome
  • Recommended Browse Node
  • Product ID – This is the UPC number that you purchased when designing the product. It is a unique barcode.

Under ‘Offer’

  • Declare the price
  • Explain the condition
  • Reveal the fulfilment channel e.g. I want Amazon to dispatch and provide customer service for my items

The fulfillment channel is important. It is the point you tell Amazon that you want to create an Amazon FBA business and have Amazon handle your stock and customer service for you. Once done click on Save and Finish.

Prepare products to send to Amazon’s fulfillment centers

In this phase, you will be required to enter some more details about your item, including the proportions and weight. Every product sent to Amazon needs to be labeled with a label that is unique for the item and shipment ID. This is an internal barcode that Amazon uses to track and manage inventory. You can either get your cargo to do this or pay Amazon to do it.

Once it is created, select Work on Shipment to tell Amazon how it is going to be delivered. The easiest way is to select “Small Parcel Delivery” and choose the “Amazon Partnered Carrier”.

By using the ‘Amazon Partnered Carrier’ you will prepay for delivery based on the number and proportions of the boxes you are sending. Amazon will then generate you a pre-paid label in the form of a PDF file.

Just give these PDF files to the cargo. They will attach them to the cartons and give them to UPS. Next thing you know, your stock will be at Amazon.

Assign inventory to FBA

After you create your first shipment, you need to assign your inventory to FBA. For this, log in to your seller account and go to Inventory and then “Manage Inventory”.

  • Select products you would like to include as FBA listings by checking the adjoining box in the far-left column.
  • From the “Actions” pull-down menu, click “Change to Fulfilled by Amazon”.
  • On the next page, click the “Convert & Send Inventory” button.

When you’ve converted your listings, follow the instructions in the shipment creation workflow to create your first shipment to FBA.

Create a shipment to Amazon fulfillment centers

When you have listed your second product, you will be asked to create a shipping plan. This plan is for shipping your products from wherever you’ve stored them in Amazon’s fulfillment centers. To set up a shipping plan, you’ll have to provide the address of the location where you have stored your products and the type of packing you’ve used. The commonly used packing styles are:

  • Individual packing – where each product is packed individually
  • Case packing – where a group of the same product is packed together

You can add all the products that you would like to sell to this shipping plan.

Send and track your shipment

Now send your products to Amazon and wait for customers to purchase them. In this step, some information is needed, like how many units you will be shipping if your products require additional packing and your labeling preferences. After you’re done filling in this information, you can either ship your products to a fulfillment center yourself or ship your products through one of Amazon’s Partnered Carriers.

Advantages of Amazon FBA

Signing up to FBA opens many other Amazon benefits to sellers.

Brand association

Users expect great delivery service from Amazon. That means most shoppers will appreciate it when a third-party store handles delivery through FBA.

Higher Search Ranks 

Amazon’s algorithm favors FBA products, leading to better search rankings. And it also boosts the chances to win the buy box.

Customer Service Management 

FBA offers 24/7 customer service management. The staff of Amazon handles all inquiries, refunds, and returns on behalf of sellers.

Multi-Channel fulfillment 

Storing stock in Amazon’s warehouses does not mean sellers can only sell through the market. Amazon can pack and ship products that can be sold on multiple online channels.

Amazon Private Label

Starting your Amazon Private Label is one of the best business ideas in 2021 where you sell your products under your own label on Amazon. After selecting the product, you have to contact the product manufacturers who produce the product for you in bulk under your brand name and ship the product. Once this is done, you can sell it on Amazon. 

How do you get started with a private label?

We will give you a quick breakdown of how to start with your own Private Label Product with a small initial investment. Private Labelling on Amazon is likely to generate more than a million dollars in revenue for you just in the first year. But as the competition increases, it is becoming more and more tough to successfully launch a product for the first time. To learn how to get started with a private label, please refer to the steps below:

Research to Identify the Right Product

Find a product that you think will benefit you if you private label it. Research and brainstorm numerous product types that seem interesting to you. Start with a broader list that you can slowly narrow down to cover all points.

Be sure to take the existing or potential demand into consideration, including any sales fluctuations or seasonality. Also, ask yourself if you will be able to create frequent demand. You can perform research on social media to discover market trends. 

Partner with an Experienced Supplier or Manufacturer

Your manufacturers play an important role in the success of your private-labeled items. While cost is a key consideration while finding the right manufacturer, it cannot be the only factor. If sourcing from overseas, you should take labor and material costs, as well as currency variation, into consideration when weighing your options. 

Build a Solid Brand Logo, Product Packaging & Overall Identity

Investing sufficiently in product quality design, packaging and branding will allow you to have a seamless brand presence in the digital marketplace. These fundamentals can help boost brand awareness, customer engagement, and social proof. You can set your brand apart from the competition with a persuasive value proposition. 

Request Product Samples for Quality Control

After you have created your product, be sure to ask your supplier for samples so you can make sure the quality and other characteristics are exactly what you are looking for, before you go to market. Share the prototypes and packaging with various groups of people, including prospective buyers, to garner any feedback that should be addressed before placing your initial bulk order.

Decide on your Amazon Fulfilment Strategy

Before you decide if you will fulfill your Amazon orders via a merchant-fulfilled operation or through fulfillment by Amazon, you need to understand which products have proven success with each method. 

  • Fulfilled by Merchant:

Amazon “Fulfilled by Merchant” is a fulfillment method in which an Amazon seller is responsible for fulfilling their products purchased on Amazon. FBM can be managed by the seller or by partnering with a third-party logistics service provider.

  • Fulfillment by Amazon:

With fulfillment by Amazon (FBA), you store your products in Amazon fulfillment centers, and then it is Amazon that takes care of picking, packing, shipping, and providing customer service for these products. FBA can help you scale your business and reach more customers.

Create your Amazon listing:

Manufacturers require almost 3-4 weeks to make a product, and another 1-2 weeks to ship it to the retailer or the nearest Amazon fulfillment center. When creating an Amazon listing, there are a few points that one needs to be aware of:

  1. Firstly, when you are creating an Amazon listing, make sure you have everything ready to publish and launch in advance.
  2. Secondly, great product photos are necessary. And unless you have some serious photography skills, you need to hire a professional, because it is one of the most important elements of your Amazon Private Label product listing.
  3. Lastly, integrate your products’ strongest features and benefits in the description field of products as bullet points. This content helps customers in making a purchase decision when they click through to your page.
Optimize Your Listing to Boost Sales.

Amazon product listing optimization is the process of optimizing your lists to increase traffic and conversions. Optimizing this listing also ensures consistency across branding, reviews, messages, and ratings. Moreover, this act boosts your visibility on Amazon’s search engine results page.

With Amazon PPC, you can run sponsored ads, which help your products appear on the first page of search results, and in your competitors’ product pages. When you completely understand the Amazon PPC and the Amazon sales process, you can use other tools to run tests on the productivity of various elements of your Amazon FBA private label product listing. When split testing, you run two parallel tests featuring small changes to your product listing (e.g., main image, price, etc.). Automated software allows you to see what works and what doesn’t.

Benefits of Amazon Private Label:

  • Brand Restrictions are less severe – The Amazon Brand Registry is a requirement for creating a private label. Sellers are given the ability to monitor their inventory via the service, while controlling their brand. 
  • Visibility –  You’ll have the opportunity to create a distinct persona and brand that buyers will associate with your company. Users will return for more if you back them up with quality offerings.
  • Competition is less intense – Your business will stand out from the crowd more easily. Sellers won’t try to undercut your listings.
  • Amazon listings for Private Label businesses may include A+ Content. This implies that you may add multimedia material to your listings. Consequently, A+ Content provides you a chance to improve your search engine rankings and enhance consumer satisfaction.

Virtual Assistant

As the name suggests, a virtual assistant in Amazon is someone that remotely helps you successfully run an Amazon business. The services provided by the Virtual Assistants are quite vast and vary from person to person. Hunting products for clients’ stores, customer service, and managing advertising, etc. are some of the responsibilities of a virtual assistant.

How to Become a Virtual Assistant in 5 steps

To set up your virtual assistant business, it is necessary for you to choose the niche you want to work in. Here are the 5 steps to follow to start a virtual assistant business:

Focus on your offer

Upon setting the virtual assistant business you can offer hundreds of services. You can do everything from marketing, social media, writing, emailing, calendar management, bookkeeping, and more. You need to choose your service offering based on your specialization. 

Set up your business

Now decide how you will run your business. You are the only owner of your business. This is a fast and easy way, and doesn’t require any special setup. You can set up a Limited Liability Company (LLC). This will protect your personal assets, like your home, if you ever get sued. You should find professional advice before setting up your business.

Create a website and social media presence

The best way to do this is to create a website to show your skills and your offered services. Think about it as your virtual CV. You will have to sell yourself as an online communication expert if you want to work remotely. Your website will work as a portfolio. It needs to showcase what you can do for your potential clients.

Social media also plays an important role in your business, you just need to know which platform your potential clients are on. They could be on Facebook, Instagram, or Linkedin. 

Find friends in your niche

Look for those Facebook groups and blogs that are related to your niche. Find a group of people that shares your goals and work alongside people there to build a successful business.

Make your clients happy & ask for feedback

If your clients are happy with you, it is the biggest achievement of your business. When you find your first client, do everything you can to deliver top service. A happy client might recommend other people they know to work with you, and your client network will grow rapidly. Also, don’t be afraid to ask your clients for feedback. 

Advantages of being a Virtual assistant:

Being a virtual assistant is one of the best business ideas you could try in 2021. Virtual assistants enjoy high demand for the following reasons

Time Effective

Virtual assistants save businesses precious time by relieving them of time-consuming tasks.

24/7 Service

Companies can get their work done even when they themselves are inactive. It is the virtual assistant that engages in day-long hustle on the client’s behalf. 

Cost-effective

Virtual assistant saves a lot as the money associated with recruitment, office supplies, space, and much more. This can turn out to be a great deal of saving for small businesses.

Expertise

Virtual assistants are skilled professionals who have the knowledge and appropriate skills to fulfill the task at hand. This way a skill gap in the organization is easily filled.

Conclusion:

Those were some of the best business ideas you could try in 2021. All of the small business ideas stated in this article can help you to earn a decent income even with a low budget. You need to know that the idea alone is not enough. It also requires hard work. You have to show passion, persistence, and devotion to overcome all challenges as they arise. If you have all these qualities, no one can stop you from rubbing shoulders with successful entrepreneurs from all around the world.

If you have any comments, queries, or suggestions regarding this article, please state them in the comments section below.

Should you require assistance in terms of establishing your own business, feel free to contact us. We have a seasoned team of experts belonging to a variety of fields, who will handhold you from start to finish and ensure your business always runs like a well-oiled machine.

Thanks for reading.

author

Steve Smith is a entrepreneur and Experienced in making money online with a demonstrated history of working in freelancing field.

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