In this article, we will look at 30 unique business ideas for women. If you want to skip the detailed analysis, you can go directly to the following link: 5 unique business ideas for women.
Women still have a long way to go as entrepreneurs
On December 30th, Forbes magazine reported that women accounted for half of the businesses founded in the past three years. In 2022, women launched nearly 1,800 new businesses every day. Notably, women-owned businesses grew by a staggering 114% between 1998 and 2018. Although the number of women as entrepreneurs is increasing, only 13% of startup founders in the U.S. will be women in 2023. The underrepresentation of women in entrepreneurship is due to a lack of funding and mentoring opportunities. In 2022, female founders received just 1.9% of venture capital funding. Teams with male and female co-founders received 21.7% of venture capital funding. Forbes suggests that this disparity is due to the fact that 85% of all venture capitalists are men. The report also highlights that sales questions often show bias against women. Most male founders are asked promotional and positive questions. Female founders have questions about potential losses and risk mitigation. Women are three times more likely to be denied a loan than men. As of July 2023, women received 21.1% of the 42,000 loans approved by the Small Business Association (SBA), accounting for only 16.1% of total loans. Also see Youngest Richest Women in the World and Richest Women in the World.
Some of the best startups by women
Despite all the challenges, women are disrupting various industries and making strides in entrepreneurship. Mented Cosmetics and Mrs Wordsmith are just a few of her many notable start-ups led by women.
Mented Cosmetics, owned by KJ Miller and Amanda E. Johnson, is a cruelty-free, vegan makeup brand aimed at women of all skin tones, especially women of color. The company's products include blush, foundation, lipstick, gloss, and bronzer. On April 28, 2022, Forbes reported that the multi-million dollar brand is expected to disrupt the U.S. beauty and cosmetics market. The company raised $9 million in venture capital and completed a $5 million Series A funding in January 2022.
Mrs Wordsmith was founded in 2015 by Sofia Fenichel. The company aims to revolutionize education by creating interesting and entertaining educational content. This site features games, books, and applications that improve reading and comprehension skills in children ages 4 to 11. The team is made up of artists, game developers, teachers, and data scientists. Customers can purchase books and games from her website. The book, “My Epic Life Daily Word Workout,” is the company's best-selling product, priced at $24.99 on its official website.
Essential software for female entrepreneurs
Women can benefit from a wealth of low-cost software to help them launch and launch their businesses. Among them are monday.com Ltd. (NASDAQ: MNDY), Adobe Inc.'s (NASDAQ: ADBE) her Marketo, and Xero Limited (OTC: XROLF). Let's take a look at some products and recent updates from these companies.
monday.com Ltd. (NASDAQ:MNDY) is a work platform that enables companies to manage their work, sales processes, and product lifecycles. Users can use a single platform to manage operations, marketing, and creative design functions. Users can visualize tasks in Gantt or Kanban views. Users can also choose from over 30 widgets to create their real-time dashboards. monday.com Ltd. (NASDAQ:MNDY) also allows business owners to create workflows and benefit from over 200 built-in automation recipes to increase efficiency. In the free version, you can create up to 3 boards and choose from 8 different column types. Users also have access to over 200 customizable templates.
Adobe Inc. (NASDAQ:ADBE) is a leading provider of creative and management software. Marketo is a product of Adobe Inc. (NASDAQ:ADBE) and is a marketing automation platform. Business owners can automate marketing and establish customer segments and audiences using artificial intelligence. Users can also personalize their experience, create customer-driven events, and tailor email, social, SMS, and paid media. The platform provides business owners with real-time geographic and demographic data to deliver personalized messages to customers. You can also check out the top alternatives to Adobe Creative Cloud in 2024.
Xero Limited (OTC:XROLF) is a leading accounting software based in New Zealand. It is a cloud-based accounting software that allows business owners to pay bills, claim expenses, accept payments, track projects, and establish banking connections. Users can also manage their online invoices and conduct multi-currency transactions with Xero Limited (OTC:XROLF). Over 3.95 million people use his Xero.
Now that we have explained how women can benefit from software to launch their businesses, let's take a look at 30 unique business ideas for women.
30 unique business ideas for women
our methodology
To compile a list of 30 unique business ideas for women, we consulted more than 10 rankings and reports from around the internet. We selected and ranked the business ideas that appeared in her 50% of sources.
30 unique business ideas for women
30. Private chef
Becoming a personal chef is one of the best business ideas for budding female entrepreneurs. A personal chef can also start a she business baking for events or become a freelance she chef for specific cuisines such as Chinese, Continental, or Indian cuisine.
29. Yoga instructor
Yoga with Adriene is a yoga instructor on YouTube. As of April 3, 2024, she has over 12.6 million subscribers on her YouTube channel and over 1.3 million followers on Instagram.
28. Wedding planning
Wedding planning is a highly sought-after business. According to a report by Research and Markets, the global wedding services market size is valued at $267.08 billion in 2023. The global wedding services market is expected to grow at a compound annual growth rate (CAGR) from $284.87 billion in 2024 to $429.56 billion by 2030. )7.02%.
27. Voice actor
Narrator artists can earn between $40 and $120 per hour, or $150 for a single project on Upwork. Most of the jobs on Upwork involve narrating advertising content or documentaries.
26. Video editing
Video editors can earn $500 per hour, or $30 to $60 per hour, on a single project on Upwork. Video editing projects on Upwork require the creation of UCG content, product videos, and introductory videos.
25. Tutor
Starting a tutoring business is one of the best business ideas for women entrepreneurs. Women can save a ton of money by setting up an online tutoring agency using free tools like Zoom and Google Meet.
24. Travel agency
Starting a travel agency is one of the best business ideas for budding female founders. According to a report by Future Market Insights, the global tourism market is valued at $10.5 trillion in 2022. The global tourism market is expected to grow to $17.1 trillion by 2032 at an average annual growth rate of 5%.
23. Styling assistant
Becoming a styling assistant is one of the most unique business ideas for women. Women can become styling influencers on social media or personal assistants to popular celebrities.
22. Social Media Management
Social media management is a lucrative opportunity for business owners. Social media managers can earn between $15 and $50 an hour on Upwork. Projects available on Upwork include social media coordination, content generation, traffic generation, and growth marketing.
21. Sell on Etsy
Women can sell handmade and vintage items on Etsy. This set of 100 handmade jump rings is a best-selling item on Etsy. It costs $18.10 and has been reviewed by over 180,000 people.
20. Proofreading and editing
Proofreaders and editors can earn between $15 and $50 per hour on projects on Upwork. Upwork jobs include editing biographies, books, author pages, and research papers.
19. PR Agency
PR agencies are responsible for generating media coverage for brands and companies. Media coverage should highlight or reinforce a positive image of the brand. Business owners can set up their own PR agency to run events and campaigns for companies.
18. Podcast production
Women can set up a podcast on YouTube or Spotify. These podcasts can target fellow women who struggle with financial literacy, entrepreneurial knowledge, and budgeting.
17. Pet care
Pet care services are in high demand. According to a report by Fortune Business Insights, the global pet care market is valued at $246.66 billion in 2023. The global pet care market is expected to grow at a compound annual growth rate (CAGR) from $259.37 billion in 2024 to $427.75 billion by 2032. ) 6.45%.
16. Personal Training and Nutrition
Most people seek personal training and nutrition guides to help them live a healthier lifestyle. Budding business owners can set up a personal training and nutrition business and offer counseling and training online, in person, or in a hybrid mode. Sanna Maria is a fitness trainer with over 726,000 followers on Instagram as of April 3, 2024.
15. Makeup artist
Lisa Eldridge has 1.9 million followers on Instagram as of April 3, 2024. The makeup artist is based in the UK. She also runs her own online store that sells high-end makeup and skin care products. On her official website, most of her lipsticks cost $36 per item.
14. Jewelry brand
Starting a jewelry brand may be one of the best business ideas for female entrepreneurs. Business owners can create handmade products and sell them on Amazon and Etsy. Conversely, creating a social commerce platform on Instagram or Pinterest can increase brand awareness.
13. Interior design
Starting a career in interior design is a great idea for women. On average, interior design projects on Upwork require her 30 hours per week, and her compensation ranges from $25 per hour to $500 per project, depending on the job requirements.
12. Influencer marketing and content creation
Micro-influencing is gaining a lot of attention around the world. Micro-influencers are influencers with niche audiences and segments. Companies tend to target micro-influencers. Because micro-influencers help businesses attract the right audience.
11. Freelance web development
Freelance web developers work on developing WordPress sites, e-commerce stores, storefronts, and more. WordPress site developers can earn between $10 and $75 per hour on Upwork.
10. Freelance photography
Women can earn between $120 and $700 for freelance photography projects on Upwork. Projects include photography for social media content, wedding shoots, product shoots, and more.
9. Freelance graphic design
Women with skills in graphic design and UI/UD design have the potential to work as freelancers. Projects and jobs on Upwork can offer anywhere from $500 to $100,000 each for short-term or long-term design projects. My work mainly includes logo design, product design, and thumbnail design.
8. Craft workshop
Providing a craft workshop is one of the best businesses to start. Women may offer arts and crafts workshops online, in-person, or hybrid. The “How to Craft Wire Tree Sculptures With Andy Elliott” course on Udemy is available for $14.99. Average star rating is 4.6 and 2,042 students enrolled as of April 3, 2024.
7. Consulting
Women can provide consulting services in any field or start a consulting firm. Some of the most popular consulting areas include legal consulting, strategy consulting, and marketing consulting.
6. Coaching and online courses
Women entrepreneurs can set up coaching centers or offer online courses. The course “How to Build and Implement a Successful Pricing Strategy” by Kimberley Haley is available on Udemy for $64.99. It has over 2,103 students enrolled and has a customer star rating of 4.6 as of April 3, 2024.
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Disclosure: None. 30 unique business ideas for women Originally published on Insider Monkey.
