Best Business Ideas for Young Parents

The growth in entrepreneurship is being witnessed as individuals look forward to assuming control over their professional lives to realize a better work-life balance. Of course, this is not out of the ordinary for young parents, who would want to spend more time with their children.

Let’s delve into some of the best business ideas for young parents.

Upcycled Furniture

Many people desire to lessen their footprints on ecological land, hence upcycling products, more specifically furniture items, becomes the order of the day. If you’re artistically and a little handyman at heart, you might scout flea markets and garage sales for old furniture and breathe new life into it. You can sell it locally by advertising on a local website like Facebook Marketplace, or you could even start a small furniture shop. Profit margins would be high since you would be buying the old furniture for a song.

Candy Making

If you love spending quality time in the kitchen then one of the best ventures is a candy making business and you may even get your children involved.

Start-up is low-cost, and you can sell it in several ways, such as through an online store or in partnership with local markets to sell your goodies. Demand for candy is always high and the market amounts to over $12 billion in the United States so your business will grow really big. Dropshipping Dropshipping has proven to be a good way to get into e-commerce without needing the money for inventory.

Dropshipping

Dropshipping is a great way to get into e-commerce without having to spend money on inventory. You can work with any producer for whatever you want to sell via dropshipping. Then, with these advances of AI for dropshipping, many things such as product research, inventory management, and personalization in marketing can now be automated. As you are setting up your online store, that would probably be the first time that you receive the order from the customer and order from the manufacturer who directly ships the order to the customer. Here you earn based on the markup you charge over the products.

Trendy T-Shirts

Set of t-shirts from your home screen printing equipment. You might create t-shirts on a specific theme; or simply print one of the popular phrases or images and get it out there before anyone else does. Screen printers can be purchased for as little as several hundred dollars and blank t-shirts can be purchased in quantity for a few dollars each.

Childcare

Busy parents work outside the house so need to have good childcare services they can rely and count on. If you don’t mind having a few extra kids around, you could start a childcare service in your home. The startup costs are very low, as are the ongoing costs, so you’d have a good profit margin. On an average of $200 per week per child, the money would add up nicely.

Social Media Management

These individuals create a strategy for businesses to use social media effectively. You can enroll in a few online classes and begin running your own social media management business if you have no experience.
You can find some customers by contacting the owners of local businesses that you come across on the Internet, and you can run the business from out of your house. You can normally charge $30 to $50 per hour, or you could have a set monthly rate for full-service social media management. 

Pet Services

Americans spent a staggering $130 billion or more last year on their pets. That’s money spent for pet sitting, dog walking, grooming, poop scooping, and even taxi services for pets. If you like your pets, you might have the opportunity to make a nice business from offering one or all of those services. You could start doing some of that in your house or open a little pet spa. Anything is possible!

Content Marketing

Content marketing is one of the best ways by which you can elevate the online presence of a business. It develops strategy and content relevant to the target market of your business. You might write the content yourself, or you could hire freelance writers to write it for you and pay them by the word or the hour. A company could spend anywhere from $2,500 to $75,000 per month on content marketing so you could make a good living.

Event Planning

If entertaining and planning parties is what you are all about, then take that to the next level and turn that into a business running an event planning business. The event planning industry in the United States rings in at $3 billion dollars, which can be broken down into wedding planning, planning corporate events, and staging charity events. To get started is very low cost, and you will be able to capture 15% to 20% of the total cost, which really can add up quickly.

Bookkeeping

If you have bookkeeping experience, you may start your own business out of your home by helping local businesses or businesses anywhere in the country by working virtually. Bookkeeping services tend to charge between $500 and $3,000 per month, depending on what a job entails. If you can just find five clients, you’d have quite the thriving business.

In Closing

Entrepreneurship is really rewarding and so much of an opportunity for young parents to own their time and take better work-family balance.
Running a business, more so when you run the business at home, is also an excellent chance to pass business skills to your kids. When deciding what business to pursue, the best idea is to follow your passion. So, for you the goal should be waking up each day as pumped about working as to enjoy your new family.