According to a report of 2019, nearly 1.92 billion people have purchased products online. Since online business is growing at a fast pace, more people have started to incline towards online business projects, and a growing number of female entrepreneurs are using the World Wide Web to create a business venture for them online.
Nowadays, businesswomen have reached far and beyond their male competitors in the world of online business.
The rate of successful female entrepreneurs is increasing day by day and a number of new businesses are taking shape.
Experts credit this to various factors, including better exposer to training and industry insights, the proliferation of the internet, and the availability of essential components.
Modern female entrepreneurs can select from a variety of business ideas for women; let’s take a look at some of those.
List of online business ideas for businesswoman
Here is a list of online business ideas for woman entrepreneurs –
- Affiliate marketing:
This is another form of online business which includes transferring user’s traffic to someone else’s site as a form of advertisement to buy their services and products.
For each sale initiated by a link from the user’s site, a user earns a percentage as a sales commission. It is one of the most commonly used online business ideas for women.
- Virtual assistance:
This type of online business provides services like answering and checking emails, updating schedules and calendars, managing to-do-list, etc. Any woman can start this business from home with a computer and internet connection. This industry is growing rapidly all over the world.
- Graphics design service:
Individuals who are skilled in graphics designing, any woman can begin this service as an online businesswoman. With the help of technical knowledge and clear concepts of graphics design, one can earn money by selling creative designs.
An expert in a specific field can assist others through consultation services. This service is one of the most preferred home-based business ideas for female entrepreneurs and can be started at a lower or no-cost investment.
- Urban farming:
Herb farming is one of the most effective forms of urban farming, as herbal products have witnessed a significant surge in demand.
Apart from herbal plantation, flowers and vegetables also require investment in setting up a proper infrastructure of irrigation. For this one can avail a business loan to cover the initial investment of such entrepreneurship projects.
Nowadays, with the accessibility of the internet, face to face tuition session stands no longer as the only medium of learning and teaching. A woman can provide online tuition service to students and can earn money during her available time. This is one of the most preferred online business ideas for women.
- Alteration service:
This type of service demands sewing skills. With the help of a household sewing machine, any woman can begin her business from home. Apart from doing such work, it will also allow other part-time operations.
Blogging is one of the most common ways of online business to earn money. There are thousands of women that have taken this service as a full-time career option. The biggest advantage of writing blogs is that one can receive income while working at home in flexible hours.
These are a few ideas which women entrepreneurs need to know about financing business. However, along with the different business initiatives, future entrepreneurs should also know about the process of availing a loan, including the documentation needed, so that they do not face any difficulty when applying for finance.
Few documents required to apply for a business loan
- KYC (Know your customer) documents like Aadhaar Card, Voter ID, PAN Card, etc.)
- Relevant and required financial documents
- Business proof which requires information about GST, Trade License, Articles of association, Partnership Deed, Memorandum of Association, etc.)
- Financial account statement of last month
Government schemes for women
The government is also offering business loans for women at lower rates of interest to help them become independent and to boost the development of their business.
Usually, such loans do not require any collateral. Mudra Yojana Scheme for Women is an example which inspires future entrepreneurs to set up their projects without any hassle.
There are various NBFCs, including Bajaj Finserv, which brings you pre-approved offers that streamline the procedures of availing loans to saves time.
There are some other business ideas for women which can help them to brighten their professional career.
Even if a woman does not have enough money to invest in her online business project, she can still undertake the task by availing a business loan from the best financial service providers.