Business Ideas for Young Ladies: In this article, we’ll look at seven business ideas for young ladies that won’t break the bank and will still allow you to earn some additional income. We’ll also look at some of the common mistakes women make when starting a business, and how to avoid them in order to ensure your success. So let’s dive in!
Business Ideas for Young Ladies
Sell Your Skills
Freelancing can be a great way to earn extra money while learning new skills and building your résumé. If you are an ambitious young lady, freelancing is definitely worth looking into. There are many freelance platforms out there that offer flexible work, such as Odesk or Elance. You will have to do some outreach in order to secure jobs, but if you’re looking for a fun side hustle that pays well, freelancing may be right up your alley!
(Especially since female freelancers make over $600 more per month than their male counterparts.) Here are our top picks for the best business ideas for young ladies. All of these involve leveraging one’s existing skillset towards something profitable—because why not? After all, successful entrepreneurs know how to pick opportunities ripe with possibility.
Monetize Your Home
When you’re young, you probably don’t own your home. But chances are you live in a place that can be a profitable rental property or Airbnb listing. For example, renting out a spare room through Airbnb can net $1,131/month and $12,000+/year by hosting just three guests at once!
If that’s not enough, rent out unused office space of yours during evenings or weekends to run your business. You’ll make great money while still living in comfort and allowing yourself plenty of time to work on other ventures.
Alternatively, consider taking in tenants to help cover expenses. The average tenant pays $650/month according to Numbeo; a landlord with five units could make up to $2,250 monthly profit (for more, see How Do I Make Money Renting Out My Home?). Of course, working hard up front will pay off big down the road—so take action sooner rather than later on these business ideas for young ladies!
Become a Social Media Influencer
You can make a hefty sum of money by starting your own YouTube channel and becoming an influencer. You can either produce short funny videos or opinionated live streams; depending on your audience you may create videos that are more serious in tone.
As long as you get views, you will earn some money from ad revenue. People become social media influencers by growing their YouTube channel, posting engaging content daily (not just vlogs), being consistent, building an audience, getting involved with other social media platforms, having a strong online presence, sharing branded posts to your network using hashtags and creating paid sponsored posts.
Getting involved with affiliate marketing via social media is another way to monetize effectively. There are many tools like Revfluence and Famebit that help connect social media marketers with brands to do sponsored content. If you have a lot of traffic coming to your Instagram account from followers, then companies may be willing to pay you directly if they have products they want to promote.
Taking advantage of these opportunities takes time but it’s possible for anyone who really puts in the effort! If you’re interested check out my step-by-step guide on how I built my business as an Instagram Influencer: How I Became An Instagram Influencer In 3 Months For Free!
Influencers use Instagram and YouTube primarily since it would allow them to reach out to people through the visual medium.
Consider Franchising
This isn’t an option for everyone, but if you want to start a business that is scalable and can potentially last far into your future, franchising may be an option. Franchising is a great way to get started in business because there’s less of a risk involved. When you sign up to be part of a franchise network, it comes with certain rules and guidelines you must follow in order to sell products or services under its brand.
Not only does it provide much-needed assistance with marketing and design, but franchisors also handle things like payroll taxes and accounting—things you wouldn’t need to worry about on your own as a startup entrepreneur.
There are fees associated with joining a franchise system; however, these costs are typically small compared to other types of business startups. In addition, there are ongoing fees paid directly to each individual brand you join. Before signing any contracts (or even asking questions), make sure you read up on how franchising works.
Most important: Seek out advice from people who have already done it! To find successful entrepreneurs in your area who have gone through similar processes before, go here. (This step is necessary before making any commitments.) And speaking of brand selection…
Multilevel Marketing
Being a part of a multilevel marketing (MLM) business gives you an opportunity to make money by helping people sell products. You’ll pay a certain amount of commission based on whatever sales you make, and your earnings will vary depending on what products you decide to promote.
If those products end up being wildly popular, like those from LuLaRoe leggings or DoTerra essential oils, you could eventually earn more than someone who recruits and trains new members. Because both companies operate at such large scales and have many high-earning representatives.
They offer lots of potentials to build residual income over time. MLMs are big business, too: According to one report in The Wall Street Journal, only Amway and Mary Kay were bigger direct sellers last year.
Create An Online Business
There are many options when it comes to starting an online business. Selling items on Etsy or eBay can be a great place to start. If you’re already selling your handmade items locally, set up a shop on one of these sites to reach an international audience. Be sure to build your website around your brand and have it reflect your target market.
Also, make sure to use SEO (search engine optimization) tactics so that people will find your site in search engines. Other great ways to start an online business are through affiliate marketing or drop shipping on sites like Shopify, which takes care of fulfillment for you.
Another way is through blogging about topics related to what you sell. Start by searching Google Trends for topics that relate to your products and services then get started! You can even use hosting platforms like WordPress which makes setting up a site very easy! These are just a few ways to start an online business, but there are many more out there! Get creative with making money online and create something awesome.
Write An E-book
Selling an e-book is a great way to make money online. It’s easier than ever to self-publish and sell an e-book. You don’t need a publisher, you can work from anywhere, you can use images and other graphics if desired, and you can set your own price.
Check out Amazon’s Kindle Direct Publishing platform–it’s free! They also have more than a million books already on their system (you’ll want to avoid anything that says Print on Demand because those books aren’t usually profitable).
There are other options for people who want to publish under their name or anonymously or use only certain services of it but I’d suggest going over there and checking it out. You might also be interested in both What Should I Write? How to Create an Ebook Outline and How To Turn Your Content Into A Book: A Step By Step Guide To Self Publishing On Amazon. If you’re selling an e-book, what makes you think we’ll buy it?
That’s exactly why I wanted to write about these seven businesses—they appeal to my target audience, young ladies in high school through college—and they’re really easy to start/start running with very little risk or money involved (only one requires any sort of investment on my part). Finally, one quick tip: Don’t go overboard with designing your cover; no one will pay attention if yours looks like everyone else’s.
Also Read: Business Ideas For Young Entrepreneurs
Conclusion
With many options to choose from, there is an ideal venture out there for every young lady who is interested in starting her own business. Keeping safety and legality in mind should always be your top priority when considering a project, especially if you plan on working with people or if you plan on selling products online.
Making sure that you’re providing a quality product or service and showing genuine passion can help make your vision a reality. Hopefully, some of these business ideas will inspire young ladies around the world! Happy Entrepreneuring! We have seen 1-2 paragraph blogs before…let’s see if they accept those too!
Here are my 1-2 paragraphs (each): I know what you’re thinking…what could possibly have an incredible story? A toaster oven would have an incredible story but it’s probably pretty boring since it doesn’t really do anything special except roast stuff. But think about it as life.
Things seem rather dull when we first get them but once we get used to them they become priceless because we don’t want our lives without them. Like how running water feels boring after a few years, but imagine growing up having no running water!
