Best Small Business Ideas for Women Entrepreneurs in 2024

We are living in times when women feel more encouraged than ever to start their own businesses. There are so many success stories to inspire us and the modern world caters to those who seek entrepreneurial and freelancing paths.

Today, we are going to be discussing some of the best small business ideas for women in 2024. The reason why we choose these particular services is due to how they are so easy to start and they require very little capital.

 

Blogging

Blogging can be an incredibly rewarding way to share your expertise, build a following, and generate income.

First of all, let's define what a blog is. A blog is a website that features regularly updated content in the form of blog posts. These posts can cover a wide range of topics, from personal experiences to professional advice. The beauty of a blog is that it's entirely up to you what you write about, and you can tailor your content to your interests and expertise.

So, what's the cost of starting a blog? Fortunately, starting a blog doesn't have to be expensive. You'll need a domain name (which can cost as little as $10 per year), and a hosting provider (which can cost around $5-10 per month). There are many free blogging platforms available, but having your own domain name and hosting provider will give you more control over your blog and make it look more professional.

As for what it pays, blogging can be a great way to generate income. You can make money through various methods, such as display advertising, affiliate marketing, sponsored content, and selling your own products or services. Of course, the amount of money you can make depends on many factors, such as the size of your audience, the niche you're in, and your marketing skills.

One of the great things about blogging is that it can be done from anywhere, at any time. This makes it an excellent option for women entrepreneurs who need flexibility in their work schedule.

 

Sell sticker on Etsy

Stickers can be used for a variety of purposes, including decorating journals, laptops, water bottles, and other items. With the right designs and marketing strategies, selling stickers on Etsy can be a lucrative and fulfilling business venture.

The cost of starting a sticker business on Etsy is relatively low. You'll need a computer, design software, and a printer to create your stickers, as well as high-quality sticker paper and packaging materials. The initial investment can range from a few hundred dollars to a few thousand.

Successful sticker sellers on Etsy can earn a full-time income or more. The average price for a sticker sheet on Etsy is around $3 to $5, but some sellers charge up to $10 or more for high-quality, customized designs.

You'll need to promote your stickers effectively on Etsy by optimizing your listings with high-quality images, descriptions, and keywords. You can also use social media platforms like Instagram, Pinterest, and Facebook to drive traffic to your Etsy store and increase your sales.

As a small business owner, saving cost and time is always what you need to consider especially in the beginning. This is always an amazing way for you to handle the process of building your brand without needing to rely on any third party. Having a thermal label printer would be ideal for this purpose as it allows you to print shipping labels and mailing labels from home.

 

Candle Making

Candle making is the process of creating candles by melting wax and adding fragrances, colors, and other decorative elements.

This is a great business that you can start with a candle-making kits such as wax, wicks, and fragrance oils. that can cost between $50 and $300 bucks. As your business grows, you can invest in larger quantities of supplies and equipment.

The profit margins in the candle making business can be significant. According to Statista, the candle industry generated over $4 billion in revenue in the United States alone. The exact profit margin depends on several factors, such as the quality of your products, the price point, and your marketing strategy.

You can partner with retail stores, spas, and boutique shops to sell your candles. Additionally, you can create custom candles for weddings, events, or corporate gifts, which can generate significant revenue.

 

Source: Black Light Candles 

 

SEE ALSO:

Creative Packaging Ideas for Homemade Candles

DIY Your Own Candle Labels

 

Bakery business

A bakery is a business that specializes in making and selling baked goods, such as bread, cakes, cookies, and pastries.

Starting a bakery can require a significant upfront investment, but it can also be highly profitable. The cost of starting a bakery can vary depending on factors such as location, equipment, and staff, but it typically requires tens of thousands of dollars to get started.

One of the biggest expenses in starting a bakery is the equipment. You'll need ovens, mixers, refrigerators, and various other tools to get started. You'll also need to rent or buy a commercial kitchen space, which can be a significant expense depending on the location and size.

Despite the high upfront costs, running a bakery can be a highly profitable business. According to the National Retail Federation, the average profit margin for bakeries is around 7 percent. This means that for every $100 in sales, a bakery can expect to make a profit of around $7.

 

Skincare products

Skincare products are cosmetic products designed to improve the appearance and health of the skin. This can include face washes, toners, moisturizers, serums, and more. The skincare industry is rapidly growing, and there is a high demand for quality products that work.

The costs could go between $2K and $5K depending on how much you send on the web design, the e-commerce setup, the product manufacturing, etc. You can start by creating a few signature products and gradually expand your range as you grow.

The skincare industry can be very lucrative, with the global skincare market expected to reach over $180 billion by 2024. According to Statista, the United States skincare industry is worth over $18 billion. With the right marketing strategy and high-quality products, you can earn a significant income by selling skincare products.

To maximize your profit margin, consider selling your products online or through social media platforms. You can also participate in trade shows and partner with beauty salons.

 

Handmade craft

Handmade crafts are products that are created by hand, often using traditional techniques and materials. These can include jewelry, ceramics, textiles, woodworking, and more. Handmade crafts are unique and often have a personal touch that mass-produced products lack.

The cost of starting a handmade crafts business can vary depending on the type of crafts you create and the materials you use. You can start with a small investment by purchasing basic tools and materials  with as little as $200 to $500 bucks . As your business grows, you can invest in higher quality materials and equipment to improve the quality of your crafts.

According to Etsy, the online marketplace for handmade crafts, there were 81 million active buyers in 2020, and sales reached over $10 billion.

 

Jewelry

Jewelry is a fashion accessory that has been popular for centuries. It includes a wide range of products, such as necklaces, bracelets, earrings, and rings. As a jewelry entrepreneur, you can design and create pieces that cater to different styles and occasions, from casual to formal wear.

The costs can range between $1k to $5K depending on how many jewels you purchase or if you are making your own jewels out of items you purchase separately.

According to industry reports, the global jewelry market was valued at $278.5 billion in 2020 and is projected to grow by 5% annually through 2027. To maximize your profits, consider selling your jewelry online through e-commerce platforms like Etsy, Amazon Handmade, or your own website.

 

SEE ALSO:

Boost Jewelry Sales on Etsy: How to Make Your Jewelry Sell

How to Package Jewelry for Small Business

 

Art design

If you have an eye for design and a creative streak, starting an art design business could be the perfect business idea for you! Art design is a broad field that encompasses various mediums, including painting, sculpture, graphic design, and digital art.

The cost of starting an art design business can vary depending on the type of products you create and the materials and tools you use. For instance, if you specialize in painting, you'll need to invest in high-quality paint, canvases, brushes, and other supplies. Conversely, if you focus on digital art, you'll require a computer and software to create your designs. The initial investment can range from a few hundred dollars to a few thousand.

 

T-shirt

Selling t-shirts is a great business idea for women entrepreneurs who are passionate about fashion and design.

You can start with a few hundred dollars for a small batch of t-shirts, or invest thousands of dollars for a larger inventory and more sophisticated design equipment. The initial investment may seem steep, but with proper planning and execution, you can make a good return on your investment.

The earning potential for a t-shirt business is high, especially if you are able to produce high-quality and unique designs that appeal to your target market. The average price for a t-shirt on popular online platforms like Etsy, Amazon, or Shopify is around $20 to $30, depending on the design and quality of the fabric.

 

SEE ALSO:

Labels Needed for Clothing Business

 

Crochet

Crochet is a form of needlework that involves using a hook to create loops of yarn or thread, which are then joined together to form a fabric. With crochet, you can make all sorts of things, including scarves, hats, blankets, bags, and even clothing!

The cost of getting started with crochet is relatively low. You'll need a crochet hook, some yarn or thread, and maybe some additional supplies depending on what you want to make. You can purchase these supplies at any craft store or online, and they typically don't cost too much.

The amount of money you can earn from selling crochet products will depend on a few factors, such as the quality of your work, the demand for your products, and how much you charge. Some experienced crochet entrepreneurs report making anywhere from a few hundred to several thousand dollars per month!

 

 

 

Pet supplies

If you love pets and have a knack for business, starting a pet supplies business could be a great idea for you! Pet supplies encompass a variety of products, such as food, toys, bedding, and grooming products, that are essential for pet owners to care for their furry friends. With the increasing number of pet owners worldwide, there's never been a better time to enter the pet supplies market.

The business is super easy to run and you can get started with as little as $300 to $1k depending on how much you spend on a website and the promotional costs of your service in your area. When you provide pet sitting services, this usually means walking the dogs, playing with them, and making sure to clean after them.

Affiliate marketing

Affiliate marketing is a performance-based marketing strategy that involves promoting other people's products and earning a commission for every sale you make. It's a low-cost and flexible business model that has the potential to generate a significant income.

Affiliate marketing involves partnering with a company or individual to promote their products or services to your audience. You'll receive a unique affiliate link that tracks any sales made through your link, and you'll earn a commission on each sale. The cost of starting an affiliate marketing business is relatively low compared to other business models. All you need is a website or social media account and an audience that trusts you and is interested in the products or services you're promoting.

The amount of money you can earn from affiliate marketing will depend on the commission rate and the number of sales you make. Some affiliate programs offer commissions as high as 50% or more, while others offer a flat rate per sale.

 

Dropshipping Amazon(FBA)

If you're interested in starting an e-commerce business without having to deal with the hassle of inventory management, dropshipping Amazon (FBA) could be a great option for you!

Dropshipping Amazon (FBA) involves finding a supplier that will ship products directly to your customers. You'll list the products on Amazon and fulfill orders using the FBA program. The cost of starting a dropshipping Amazon (FBA) business can vary widely depending on the products you want to sell and the supplier you choose. You'll need to budget for inventory costs, shipping costs, and Amazon's fees.

So how do you get started with dropshipping Amazon (FBA)? Here are the basic steps:

1. Choose a niche: You'll need to choose a niche or product category that has high demand and low competition.
2. Find a supplier: You'll need to find a supplier that offers dropshipping services and can ship products directly to your customers.
3. Set up an Amazon seller account: You'll need to create an Amazon seller account and list your products for sale on Amazon.
4. Ship your products to Amazon's fulfillment center: You'll need to send your products to Amazon's fulfillment center and let Amazon handle the rest.
5. Promote your products: You'll need to promote your products using Amazon's advertising tools and other marketing channels to drive traffic to your Amazon listings.

 

 

Last thought

And there you have it, 13 best small business ideas for women entrepreneurs in 2023!  With the rise of online marketplaces such as Etsy and Amazon, it has never been easier for women entrepreneurs to sell their products to a global audience. However, with ecommerce comes the need for efficient and effective shipping processes, which is where thermal printers come in. These label printers are essential for creating shipping labels quickly and easily, making them a valuable tool for any small business owner looking to streamline their operations and stay competitive in the ecommerce space.

We hope that this post has provided you with some inspiration and ideas for starting your own business. Remember, starting a business takes hard work, dedication, and a lot of determination, but the rewards can be well worth it. So go out there and take the first step towards making your business dreams a reality.