With the Covid-19 pandemic still around, it is no surprise that it has adversely impacted the job market. While the continued sluggishness of the job market seems to be the norm, something else is thriving on the other end of the spectrum. If you guessed it right, home businesses are booming in Singapore during Covid-19. With the government providing incentives to encourage entrepreneurship, it is not a bad idea to start your own business from the comfort of your home.
We have highlighted the top 10 home businesses you can start in Singapore and unleash your inner sole proprietorship!
Related Read: 8 Lucrative Business Ideas for Stay-at-Home Moms »
Table of Contents
1. Home Tuition
Home tuition is a booming sector in Singapore and you can do it in the comfort of your own home by providing online tutoring through video conferencing platforms. When you first start out, you might want to experiment with different tutoring specialties to see where your expertise lies. You will be able to capture people’s attention if you focus on a speciality. However, just like any other small business, it is important to prepare a business plan to document your specialisation, target audience and how you will reach them.
2. Home Based Food Business
Did you know you can turn your hobby into a revenue generating business? If you have a passion for cooking or baking, you can consider opening a home based food business in a Singapore HDB flat or private residence. With an increased demand for home-cooked food delivered right to our doorsteps, your food catering business might just be the next hit in Singapore. Although you don’t require a license to run your food business from home, you still need to register your company.
3. Home Based Nail & Hair Salon
If you are into beauty and aesthetics, you can kickstart your own home based nail and hair salon. While there is no need to apply for a business license, it is still crucial that you ensure compliance with Singapore’s rules and regulations, since there are strict guidelines in place.
4. Home Massage Therapist
Most of us have stressful jobs and it is always nice to treat ourselves to a good massage. You can leverage the rising demand of massage therapy by becoming a home massage therapist in Singapore. There is flexibility in scheduling appointments and you can gain control of your time.
5. Freelance Copywriter
If you can convey a convincing story through copywriting and persuade your clients that they genuinely need a product or service, there is no limit to succeeding as a freelance copywriter in Singapore. You can choose to write and produce content for companies, including publishing sites and blogs.
6. E-commerce Business
You can set up an e-commerce website in Singapore and take your business purely online. Like other home businesses in Singapore, you can avoid potential overhead costs such as rental space. Nevertheless, you are still required to incorporate your e-commerce business. Our team at AsiaBiz can get your e-commerce company started with ease.
Related Read: How to Start an Online Business: Affiliate Marketing »
7. Pet Grooming
If you ever had aspirations of opening your own pet grooming business in Singapore, this is the right time! Make sure you invest in proper grooming equipment and don’t forget to account for your tax and expenses.
8. Home Personal Trainer
With the constant opening and closures of gyms during Covid-19, it might be difficult to deal with an uncertain income flow. Don’t worry, as you can be a home personal trainer in Singapore. As long as you are certified, you can conduct workout sessions online from the comfort of your own home.
9. Home Piano Teacher
Want to spread the love of music? Well you can simply be a home piano teacher in Singapore. You can revamp an empty room in your house into a home studio seamlessly. Be sure to check and implement the piano tutoring fees according to your level of expertise.
10. Freelance Web Developer
If you are competent in coding and enjoy project-based work, you can work as a freelance web developer in Singapore. Among other home businesses in Singapore, this is a highly sought after job as many businesses have gone digital and will require your expertise to help them get started with ease.
Related Read: How to Develop a Business Website that Makes Money »
In essence, home businesses continue to thrive in Singapore, and Covid-19 has accelerated this process. At AsiaBiz, our team of professionals will help you register your home business in Singapore and ensure all compliance are met. So kickstart your journey with us now!
Frequently Asked Questions
- You do not require a license to run your home based food business in Singapore. However, you are still required to register your business and follow food hygiene guidelines by the Singapore Food Agency (SFA).
- You can register your home business in Singapore with us and this can be done within 1 hour.
- A sole proprietor must be at least 18 years of age in order to register a business in Singapore.
- If you register your home business in Singapore as a sole proprietor, earnings will be taxed at the personal income tax rates.
Register Your Home Business With Us Now!
1 hour is all you need to register your Singapore home business and you are ready to go!