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Business Ideas

Are you thinking of starting a new business? Are you not sure which path to take when deciding what type of business you want to run? Look no further! Oak Business Consultants has compiled a list of Twenty-Five Best Business Ideas 2020 for you to take inspiration from. Make use of this list and figure out the best opportunity for yourself.

1. Blogging

Blogging is quite popular as it proves to be a great way to offer information, resources, advice, and so much more to readers. The main thing you’re required to do before starting a blog is selecting a niche that you are well-versed with. This way, you will be able to offer the right information to your readers. The best thing about this is that you can also hire ghostwriters to help you assist with the writing bit and offer your readers something more.

2. Freelancing

Another one of the best business ideas 2021 list is to make use of freelancing. Set up your accounts on different platforms that allow you to establish your presence in the freelancing community. Build a brand and provide customers with high-quality work. With this, you will be able to make a mark while also work on your skills better. So, no matter your major or niche, there are abundant freelancing opportunities available for you. For tracking purposes, it’s better to prepare a complete Freelancing Financial Model to make key management decisions.

3. What is the importance of Affiliate Marketing as a Business Idea

Affiliate marketing is all the rage these days. Here, you promote products for other businesses using your own platform. You decide the platform you wish to use and then select the niche you wish to represent. Once you have these things done, you can offer our affiliate marketing opportunity to businesses. This way, you get to put your brand out there as well. Affiliate marketing is also a trendy section of marketing strategy in Business planning. 

4. Editorial Services

If you have a good grip on their writing and grammar skills, then you can put yourself on the map where you edit, proofread, and make use of other editorial services for your business. However, keep in mind that you will have to be skilled in what you do to impact as you start your business planning. While it may seem like an easy-going option, it might take some time for you to earn profits.

Do check out Editorial Services Financial Model. 

5. Content Marketing

One of the best business ideas 2021 list is content marketing. If you have some experience in this field, you should be glad to know that you have a great demand. By marketing your work the right way, you should make it a point to offer something unique to your clients. Content marketing is heavily demanded, so you can surely make it work in our favor.

6. Transcription Service

Transcription is essential for a range of businesses, especially when it comes to legal purposes. Many companies are actively looking for transcription services to meet their requirements. Starting a transcription service is not a difficult task. But you need to ensure that you have a great command of your writing speed and skills. You can easily work on these and perfect them with practice. Launch your own transcription service and see how well it fares you.

7. Business Consulting for pitching Business Idea

Every business requires consultations on various matters, especially startup businesses. Whether it is marketing, financing, or management, you can easily pick a niche and work on those skills and start your own business consulting practice. This is one of the best business ideas in 2021 as it proves to be highly rewarding in both monetary and experiential terms.

8. Financial Planner

Every business requires financial planning. What’s better than tapping into a niche required by every business possible. However, keep in mind that not everyone can do plan the finances in business planning effectively. It would help if you had a sound education in finance to plan out and help other businesses with their finances. So, if you have a similar background, then you could start a business as a financial planner in 2021

9. Accountant

Next on this list is starting your business finance as an accountant. For this, you will need to make sure that you have the right background since accountants need to have technical knowledge about a business’s financials. You can start as a one-person show or partner up with other accountants or other professionals to offer a range of services to clients. By exuding your professionalism and skills, you will surely be able to make a mark and gain more clients for your business.

10. Tax Preparation

To master tax preparation, you will have to undergo a series of training. There are courses and conferences available for you to undertake to work on your skills as a tax preparer. You can’t go on and become one without adequate skills. So, make sure that you take part in these courses to start your business as a tax consultant and preparer. Dealing with the company’s finance and tax preparation is a bit complex, so you will have to keep up with your training to offer the best service to others.

11. Data Entry

Many businesses require people or services for their data entry needs. While it may seem like something that business employees can easily do, it is a mundane task. Therefore, many businesses outsource data entry work. You can test your luck here and start up a business that offers data entry services to other businesses. You will be surprised to know how many people actually require this service on a large scale.

12. Business Development

After business planning, business development is an essential part of every running business. Business owners wish to make sure that their business improves over time. Often, they hire business developers to help with seeking better opportunities for the business and ensure successful relationships with clients. So, if you’re in the field, you can start your own business as a business developer.

13. IT Support

IT is an essential part of every business. These days, people prefer to outsource their IT needs to get better work done. If you have experience in IT and have expansive knowledge, you should avail of this opportunity. Startup your own IT support business and help other businesses in need. While it may have some initial cost, given the hardware that you might have to avail of, you will see that it is gratifying over time.

14. Event Planning

Event planning is a big deal today and is considered among one of the best business 2021 lists. You can start your event planning business without having to secure an office and minimal startup costs. People seek freelance event planners for their events, so if you have the right sources available, you can easily make your mark as an event planner. For this, you will need to understand what your clients need and how to meet their needs effectively.

Do check out our Event Planning Financial Model and Business Plan.

15. Public Relations (PR) Services

PR is an imperative part of marketing, especially in today’s time. With the increase in the number of influencers by the day and other aspects, there is a need to work on PR services better. If you have majored in this background, then making use of it right now is the best opportunity for you. PR services are highly required, and it is considered one of the best business ideas for 2021.

16. Social Media Manager

With the advent of social media, there have been many changes in how this is used. Now, you will find businesses, celebrities, and many more people running their social media pages. Sometimes, these pages or businesses require social media managers who can regularly post for them. By establishing yourself as a social media manager, you can start earning money and create a brand out of it.

17. Web Designer

Businesses are all going online. To do this, they need to make sure that they have a website through which their audience can reach them. To make their website effortless and easy to navigate, there is a need for web designers. So, if you’re experienced in the field and have the right education, you can set out as a web designer as there is a great demand for such a talent.

18. Web and App Developer

We just talked about the importance of web designers, but before one can even go to a designer, they need a web developer. If you have experience or are educated in the field, then web and app development might be something you want to try out in 2021. With apps and websites taking over the traditional ways of doing business and business planning, there is quite a demand for skilled web and app developers.

19. Graphic Designer

Graphic designing is another big business idea for 2021. You can set up your presence online to gain attention from the right audience. With social media on the rage, you can easily showcase your skills here and attract more clients to your business. This way, you will be able to set your brand quickly.

20. Delivery Service

Everything can be delivered to one’s home. So, if you’re looking to earn easy money, then offer others a delivery service. You can pick and drop things from the stores to the clients, similar to what drop shippers do. Hence, it is easy to start, hassle-free, and you get to earn money without incurring excessive startup costs. Use your vehicle smartly and start a delivery service to earn money.

21. Rent Your Car

If you don’t want to carry out the business yourself, you can earn passive income by renting out your car. The only requirement that you need at this point is a vehicle. So, if you have a car that you don’t use too much, then the best way to earn passively is by renting out your car. It can be used for different services, and you can charge a fair price, depending on the best opportunity. Put up the adverts, and start earning passively.

Do check out Car Rental Financial Model.

22. Personal Trainer

Since personal trainers are high in demand, with the increase in the focus on a healthy lifestyle, people actively search for personal trainers to meet their needs. For this, you need to make sure that you have had adequate training. Once you have the certification, you may train others and help them work on their fitness.

23. Life Coach

Another one of the best business ideas for 2021 is becoming a life coach; if you feel like you have a motivational side to you and have always guided others in making better decisions in their lives, then perhaps a career as influencer suits you perfectly. If you’re someone who can keep your biases aside and help others, then starting your business as a life coach can surely be fruitful.

24. Career Counseling

Another thing that you can start is career counseling. If you’re always looking to guide people and help them in their careers, it is best to get some education and start working on it professionally. Career counseling pays well, and you will have people coming from all sorts of backgrounds for your help. This is only possible if you set yourself up the right way and get the right client base. It may be tricky at that start, but it will be fruitful once you establish yourself.

25. Niche-Specific E-commerce Store

One of the best business ideas in 2021 for you is to open up an e-commerce store. Furthermore, here, you can buy and sell anything that you want to. Whether it is clothes, makeup, jewelry, games, anything at all, you can sell anything that you wish to. In a word, all you have to do is make sure you have a web developer to help make this easier.


In conclusion, if you’re concerned about what business you should choose for your startup, then take help from the experts. We, thus, at Oak Business Consultants, are experts in offering consultancy on such matters. So, if you’re looking for the best business solutions or planning to start a new business, then visit our website at Oak Business Consultant to get a free consultation.

Oak Business Consultant has helped many Start-up and SME’s for the preparation of Business Plan, Financial Modelling, and Financial Consultancy.

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