Awesome Ideas to Start a Small Business at Home in Singapore Today!
Doing business in Singapore is now so simple that people can even start an enterprise at home. Thanks to modern technology, you can start many small business ideas without renting or buying space as an office or store. This ranges from the traditional buy-and-sell businesses to modern freelancing service provision. With entrepreneurial skills, specialized skills, and the power of the internet, you have lots of opportunities to reach your business goals.
Moreover, if you’re worried about the constraints of doing business as a woman, you’d be surprised at how much women are adapting to the ways of business. According to Tatler Asia, as of 2020, there are approximately 252 million women entrepreneurs around the globe. Recent market stats also reveal that female entrepreneur are behind some of Asia’s biggest startups. So if you’re looking for a sign to push you on acting on your dream to become a business owner in Singapore, this is it!
Why Are Women Turning into Business in Singapore?
Working from home is a very tempting idea for many women nowadays. You may be sick of working in a toxic workplace or with a terror supervisor and want to work in a more relaxed setup. Or maybe you prefer more flexible working times than your current eight to five job. Or perhaps you’re a mother who wants to witness your kid’s milestones closely while still earning. If you are in any of these situations, then starting a small business from your abode is your total dream come true.
Starting a small business from home allows you more flexibility to balance work and life endeavors. You also save more money because you’re foregoing transportation, lunch, wardrobe, and many other expenses. Additionally, you can also grow in your career much faster by working at home because there aren’t many restrictions on the opportunities. The best part of it is you are your own boss! You can work your schedule and build a healthier work environment for yourself.
But imagining it is easy; figuring out what small business to start is not. More than just making a profit, you have to choose one that you would be willing to work on for hours by yourself. If you have specific skills and specializations, you can start thinking of a good business idea. If not, don’t worry. You can always learn and build your skills along the way.
Here are some great ideas for you to start a small business at home in Singapore.
Top 6 Business Ideas Women Can Start From Home
1. Affiliate Marketing
Women are known to be more multi-dimensional and diverse. This makes women very well-fitted in a job that provides a fresh and new perspective on products and services. Affiliate marketing is a new marketing strategy whereby a person or business markets another business’s products for a fee or commission. What you do here is simply look for a product that you enjoy and promote it via your website or on any other channel and add in a link that will lead them to your affiliate’s online store.
Many businesses are now looking for different ways of bringing more attention to their products or services. You can help them promote their brands through blogs, reviews, email lists, or campaigns as an influencer. You only need your laptop and marketing skills to start this business, and you can earn money through pay-per-click, pay-per-sale, or pay-per-lead.
2. Content Creation
Content creation is the generation of new and unique content to meet specific objectives like attracting site traffic and potential clients. This pursuit entails identifying topics of interest and producing inspiring and relevant output for the viewers. Women’s experiences are much different than men’s, which leads them to develop different insights on certain topics. Having this advantage makes women very capable in the business of content creation.
Content creators make money through many different means. You can teach a course, make exclusive content, use branded sponsorships, employ social media advertising, and sell artworks or content. There are many platforms online that pay for these kinds of content! You only have to look for the ideal channel to publish your content to target the right audience, and you’ll see yourself earning more than what you regularly earn as a corporate employee.
Businesses nowadays are learning the benefits of hiring freelance bookkeepers online. It saves them a lot of money compared to managing a department in their company. Bookkeeping is an ideal job opportunity women can do from their homes and can earn you significant fees.
Bookkeeping is the management of a company’s financial transactions like vendor payments and customer collections. It is also the process of recording the company’s daily transactions. Anyone can learn the basics and work as a bookkeeper for business clients. Clients would sometimes require bookkeeping certifications as a qualification for this job. You can easily acquire them through an accredited exam covering the fundamentals of the process and the bookkeeping software solution.
4. Online Selling of Homemade Products
If you are into making crafts, you can always turn your hobby into a profitable business. You can easily do this at home, whether you would want to sell candles, jewelry, cosmetics, art, food, or apparel. And you can always start small, building your market share through good niche marketing and quality products, then go big when you’re ready to scale. Further, you may also set up your products online through your website or on platforms like Lazada, Qoo10, Carousell, and eBay Singapore.
This kind of business is very feasible nowadays that consumers are discovering the benefits of buying from local enterprises. However, you still need to register your business even if your selling from home or online. Fortunately, business registration in Singapore is very straightforward and can take only 15 minutes to complete.
If you want to sell products but have no space for storage, dropshipping is the ideal business for you. What this entails is that you look and contact a supplier of your chosen products and then direct them to deliver the items to your customer’s address when you make a sale. You are employing marketing and customer service functions to earn a percentage or markup of the sale.
The best strategy to get more customers is to focus your marketing on a specific niche. Once you’ve selected a niche, you can curate products from different suppliers and then implement your planned selling strategy. This is an ideal endeavor to undertake if you want to save on various overhead costs like storage and utilities.
Are you good at particular subjects and have a passion for teaching? Tutoring may be the one for you! You can do it either as a primary job or just for extra income. You can even choose to be a home tutor or an online tutor. The important thing about it is that you’re proficient in your offered service, and you are willing to spare time each week to help someone else.
You can earn S$10 to S$15 an hour tutoring, depending on your expertise and credentials. If you want to tutor online, there are sites like Tutor.com where you can easily find students to help. This career is no walk-in-the-park, but it’s very fulfilling and rewarding once you see your students succeeding in their goals.
Business From Home Opportunities in Singapore
Doing business at home indeed offers lots of benefits and opportunities for growth. And being in Singapore, you do not have to worry about facing obstacles to do this; Singapore has the ideal market and network to start a business even from the comforts of your home. Starting a business here is very straightforward and quick.
Explore your different businesses you can do at home. Rediscover your hidden talents and that may lead you to start a successful business. Or learn a new skill. It’s never too late to start a business today and turn your passion into a business!