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Lets talk startups! There has never been a better time to be an entrepreneur in most industries and cases theres no barrier to entry. The first question I ask my clients is "What comes easily to you and harder to others?" Thats the business you should start. Nothing wrong with starting in a "Niche" area to get a feel for business and expand your portfolio as you develop. If you're a Muslim Woman or Woman of Faith this is your time to start your first Halal business. Are you a seasoned entrepreneur? You can get in on the action too by shifting the focus of your business to cater to the Halal market. Faith is a big part of who we are as people and now we don't have to compromise on faith to build our empires.
Many of us have seen the advertisements featuring a Hijab wearing woman on bank ATM home screens, the sides of buses, on Fashion Runways and even Shampoo Ads. The word Halal written in arabic is recognized as quality meat and foods in most supermarkets attracting the muslim and health conscious consumer. Everyone seemingly wants in on the thriving Muslim consumers dollar. Rightfully so, Muslims will make up 25% of the worlds population by 2030. Globally the Halal industry boasts an estimated $6.4 Trillion in annual revenue. (Annual Revenue broken down by segment later in the article)
What does this mean for the "Novice Entrepreneur?" There is room for you to grow and do business in the Halal space! Even Cardi B wanted in on the action with her song "I Like It"(No. 1 Hot 100 song, $844 million in sales), in the first verse of the song, Cardi B can be heard saying: “Eating halal driving a lamb” she set Muslim Twitter ablaze with her tweet!! You can make your mark too as the Islamic Economy is in Overdrive and the need for Halal products and services in the mainstream.
Your business will most likely NOT be the 1st of its kind as many Halal businesses have been around for years but its not too late to get in on this trillion dollar industry. We compiled 5 Start-up ideas to get you started. You're Welcome!
1- Catering Company/Signature Halal Brand or Product
Halal Food is the top earner on the list and is the first thing that comes to mind when we think of the word Halal. Create a Halal catering/Signature product (Crescent Foods has cornered the Halal market with Halal meat for public consumption) company supplying food to local stores, supermarket chains (Whole Foods, Shoprite) restaurants, community organizations and now schools are looking to serve Halal in their breakfast and lunch programs as a healthy alternative.
Here are the Halal Food Industry trends and forecast according to a recent Reuter’s report. The annual earnings/projections globally in the Halal Food and Beverage category according to the 2018/2019 Global Islamic Economy Report by Thomson Reuters in collaboration with Dinar Standard :
Halal Food, Beverage and Lifestyle- $2.1 Trillion in 2017 and $3 Trillion expected by 2023
2- Become a Blogger
A Halal blogger can discuss topics on a range of issues in the Islamic economy such as Modest Fashion($270 Billion), Halal Business News (Finance), Halal Travel ($177 Billion), Pharmaceuticals ($87 Billion) and Cosmetics ($61 Billion). Focus on creating engaging content can help grow your blog audience. An increased following means big bucks for you by selling advertising space from Halal companies you mention/support in your blog, through social media, or other platforms. Bloggers can make anywhere from 19K a year to Huff Post valued at $1 Billion dollars. Not Bad. Here are a few of the top Muslim Blogs.
3- Become an Author
You can publish physical Books, Ebooks or other Digital materials and it has never been easier. We personally like Amazon Kindle Self Publishing, as its platform is pretty intuitive. Amazon Kindle allows you to make money through receiving royalty payments depending on how many books you sell. The digital market now allows you to sell across countries and even continents selling in places such as the UK, here in the USA, and Australia amongst numerous other geographical locations. Set up costs are low and with a little know how its a potentially great Halal business. We have an aspiring Author Course and have produced a few dozen Best Selling Authors from our bunch.
4- Become a Halal Life/Business Coach
Provide advice and guidance for clients inspiring them to enhance their spiritual, personal and professional life and other experiences. Who better to understand the needs of a woman of faith than another woman of faith. Life Coach's can make a low-mid 6 figure salary depending p/t or f/t status and some more when coupled together with digital products, books, speaking engagements and other businesses. You can visit Be You In HD, LLC for their list of services and product offerings.
5- Start A Modest Fashion Line
Modest Fashion is in the Top 3 revenue generating categories in the Halal Industry. Whether you're selling Hijabs, Abayas or any other modest fashion staple you'll have a booming business if marketed and primed to scale. Customer Service and exposure are keys to any successful business but are paramount here. With so many options vying for the modest woman's attention. You can set-up your store as a Brick and Mortar boutique, a shopping mall kiosk or through our personal fave an online store.
We are excited for your success and look forward to hearing your progress. Send us an email at halimah@beyouinhd.com