Women entrepreneurs are rapidly revolutionizing the business landscape and succeeding as entrepreneurs, due to a surge of female millennials looking for ways to ‘lean in’ and enter the game.
Women looking for business ideas will benefit from choosing ventures that align with their passions and abilities, such as tutoring online, subscription boxes, daycare services or similar options. Below are a few great examples: online tutoring, subscription boxes or daycare providers are just some examples.
Online Tutoring
An online tutoring business is an ideal way to make money and help others learn. Whether it be helping with an exam preparation or simply providing additional subject assistance, tutoring services provide flexible hours that may even be more affordable than classroom instruction.
Tutors can find clients by sharing their rates, skills and experience via social media platforms such as Facebook groups for students, teachers or parents as well as neighborhood-news apps such as Nextdoor or Reddit. Google search ads provide another great method for reaching a targeted audience – you only pay when someone clicks them!
when choosing an online tutor for a student, it is crucial to take their time zone into account. The ideal tutors should be available when your child is most awake and prepared for learning; this could be early morning or after school hours. Furthermore, choose someone comfortable working with technology.
Subscription Boxes
Subscription box businesses enable entrepreneurs to provide unique gifts on a recurring basis with little overhead and effort required. While some niche companies focus on specific markets, others such as puzzles and pet treats provide general lifestyle products.
Subscription services provide businesses with a way to generate recurring revenue without needing to invest in additional locations or a large inventory. Plus, many subscription services allow their customers to pause or cancel their subscription if the product or service doesn’t suit them or they no longer see value in it.
Entrepreneurs can jump right into the market with minimal startup capital investment and begin selling their products immediately. While consumers may struggle with upfront subscription costs, businesses with loyal customer bases – like one focusing on beekeeping supplies for homeowners – might find success using this model.
Daycare
Women have long played a critical role in founding quality child care programs, understanding that access to quality childcare is crucial to women working and providing better incomes for their families. Unfortunately, due to COVID-19 pandemic restrictions many businesses were forced to close, but now need solutions in order to continue serving their local communities.
Many women are coming forward to assist business owners and small businesses by offering temporary child care arrangements during times when centers are closed, like when one owner of a bookkeeping agency in Georgia converted part of her office into daycare and offered employees an affordable way to drop off and collect their children.
As women continue to be affected by pandemic unemployment in significant numbers, support such as this is crucial for full economic recovery and helping moms back into jobs or remain within them. That is why LISC and P&G have joined forces to offer grants and technical assistance to small child care providers owned by women (90% are owned by female-owned businesses, 50% by women of color).
Baby Equipment Rental
Rent-a-baby equipment services provide traveling families with essential pieces like strollers, car seats, high chairs, play yards and activity centers so that their children feel at home when away from their own homes.
Pishposhbaby offers luxury strollers, carseats and highchairs from top brands including Bugaboo, Uppababy, Britax, Bob and more. Additionally, best-selling Boba, Tula and Baby Jogger carriers and bouncers can be found.
Be mindful that this type of business requires significant time and money, so ensure you’re ready to put in the hard work required. Cleaning and sanitizing equipment after each use, keeping up with industry trends, and being flexible enough to adapt your business as necessary are all vital parts of success. On average, Trusted Partners earn around $600/month extra income renting gear out to families is typically their reward for all their hard work.