Thanks to exhausting work-schedules, increasing number of baby boomers, and booming internet penetration, the personal services’ market is witnessing a remarkable growth. Read on....
Service-based businesses are one of the easiest and most attractive options to start with from home. The personal services’ market is expected to reach a value of nearly USD 1843.59 billion by 2022 at a CAGR of 11.8% during the forecast period. Thanks to exhausting work-schedules, increasing number of baby boomers, and booming internet penetration, the personal services’ market is witnessing a remarkable growth.
Personal services are usually in great demand today because consumers want convenience, saving on time, customization of services according t their needs, and many other reasons. There are various types of services that are in huge demand by the consumers from all around the world. However, a few services are so easy to start that they could even begin from home, and here are five of them:
An increasing population of working parents, their concerns toward children and increasing awareness has fueled the growth of childcare businesses in India. According to recent reports, the preschool or childcare market in India is poised to grow at a CAGR of 22% by 2020. It’s a low cost business idea that has great demand in the market and ensures greater returns. If you enjoy being with a group of children for 8 to 12 hours a day, then you can make your home a childcare centre. This is one of the growing business ideas in India that can be started both indoors as well as outdoor.
#2 Tuition Services
As traditional schools and institutions are clearly not able to provide quality education through personal attention for each child, tuition services have become the need of the hour.
According to statistics, the global private tutoring market was estimated to surpass $96,218 million by 2017 and is expected to cross the mark of $177,621 million by 2026. Apparently, a tuition service has a lot of potential all around the globe. You could start your tuition classes from home in both online and offline platforms and earn great revenue.
#3 Pet Services
The pet services’ market has seen a major growth in the past few years because of the increasing number of pet-owners. Due to their tight work-schedules, pet-owners always need someone to take care of their pets. This is why services like pet-sitting, pet photography, accessories for pets, pet food among others, are in great demand. A business in pet services is not a bad option when there is an increasing demand for such services. Pet services could be given either at the client’s place or your own, and it could be both part-time as well as a full time business.
#4 Wedding Planner
The wedding industry is known to be a recession proof industry as the wedding culture does not seem to end so early. Organising a wedding is a complicated task which comprises so many events that have to take place timely and accurately. You can help people by planning their wedding and coordinate all the services that are required to organise various events of weddings, both pre and post. This business has a lot of scope and can even be run from home initially.