Easiest Most Profitable Small Business To Start – Small businesses abound, but profits are not always guaranteed. Here are some small business ideas with great earning potential.
Some of the most profitable small businesses may surprise you. Below you’ll find ideas ranging from home improvements to healthcare, but they all have one thing in common: income potential.
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Based on the U.S. Chamber of Commerce’s list of companies in demand and the fastest growing industries according to the Bureau of Labor Statistics, here are ideas for small businesses with high hopes of growth in the next decade.
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The pandemic seems to have permanently changed the fitness landscape. More than ever before, people are exercising at home and finding wellness inspiration online. That’s why home fitness equipment, programs, and mobile therapy are in high demand.
If you already have credentials, now is the time to make them work for you by starting a fitness training business or offering mobile physical therapy sessions. If you are interested in fitness but have not yet obtained formal certification, this might be a good time to invest in training that will allow you to provide these services. While we all hope the pandemic will end soon, the home fitness trend seems to be here to stay.
Job prospects for fitness trainers and trainers are growing faster than average, with a projected 15% increase from 2019 to 2029. Physiotherapists can expect job opportunities to increase by 18% over the same time frame.
It’s no surprise that technical services are the fastest growing industries. With an expected 22% growth through 2029, the future of software developers looks promising. App development is a niche that continues to grow, with more than four billion mobile device users expected in 2023. Build and update apps for clients large and small.
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If you don’t have programming knowledge, consider taking online courses to improve your skill set. Among the most popular languages for application development are JAVA, Kotlin, Objective-C, Swift, C# and Python.
Once you’ve mastered your field, work with other companies to solve complex problems as a consultant. You can assist in a variety of areas, such as building social media assets, managing finances or optimizing internal resources. The job outlook for management analysts is 11% growth through 2029, well above the national average.
Whether your background is human resources, finance, marketing or operations, bring your experience to life by opening a consulting firm.
Drop shipping is a retail practice that involves shipping products to customers through third-party suppliers. This means you will never store or process products. In contrast, dropshipping requires less capital to get started than traditional retail methods.
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From 2019 to 2025, the global dropshipping market size is expected to grow by 28.8%. What is causing this massive expansion? With the rise of online shopping and e-commerce, more and more products are being sold through drop-shipping online stores.
Before you start a dropshipping business, test it to make sure your product is quality so you can promote it with confidence.
As housing prices continue to rise in the United States, fewer people are choosing to move. Instead, they may decide to renovate and improve their existing home. People are also spending more time at home due to the pandemic, which gives them more reasons and motivation to improve their personal space.
Many people hire professionals to help them with home improvement projects, from new flooring to bathroom updates. Given your skills as an electrician, plumber or general mechanic, consider starting a home remodeling business in your area. Construction occupations are expected to grow 4% from 2019 to 2029, according to BLS data. This includes carpenters, floor installers, drywall installers, electricians, roofers and painters.
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With more people working remotely and the global expansion of e-commerce, the need for cybersecurity solutions has grown rapidly. Demand will increase for companies that help businesses plan and implement security measures for their computer systems, devices and networks. Your small business can play an important role in reducing data breaches and cyberattacks.
The BLS predicts that the need for information security analysts will increase 31% through 2029, much faster than the national average.
According to 2020 industry data, the global virtual events market is expected to grow by 23.2% between 2020 and 2027. The BLS predicts 8% job growth for meeting, meeting and event planners from 2019-2029.
From charity fundraising events to conferences, event planning and virtual events, it’s here permanently. Those seeking help with planning include companies, educational institutions, nonprofits, and associations.
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Virtual events go beyond creating a Zoom invitation. These can include videoconferencing, live streaming, broadcast, trade shows, job fairs, and sales meetings. As a virtual event planner, you’ll help organize logistics, set the agenda, build excitement and drive marketing. You will bring the event to life even if it is virtual.
You don’t need a specific degree or certification to plan events. If you’re organized, creative, and committed to making an event a success, you can offer your services through a small business.
Job growth for building cleaning workers is expected to increase by 4.8% and 9.6% for cleaning supervisors from 2019 to 2029, according to the BLS.
Businesses want to keep areas clean and hygienic during and after the pandemic. From bathrooms to office spaces and classrooms, cleaning is often outsourced. With a commercial cleaning business, you can work as a single person for very little initial cost and add team members as you grow.
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After the massive shift to online learning during the pandemic, there is a huge demand for online tutoring. Research shows that the private tutoring market will grow by 8.4% globally by 2027.
Starting a virtual tutoring business requires very little equipment and you may already have the skills needed to get started. Whether you’re good at math or playing the piano, you can teach people new skills from the comfort of your home. Some common online course topics include preparing for college entrance exams, teaching foreign languages, and providing one-on-one assistance to students with special needs.
The first step to starting a new small business is to start with your skills. Consider your background and interests to find opportunities to take advantage of, such as turning your coding skills into an app prototype or using refurbished furniture to open a homeware store. Find a profitable small business idea by combining market opportunities and your unique skills. Check out our infographic below for more inspiration.
This part of the site is for informational purposes only. The content is not legal advice. Statements and opinions are those of the author, have not been evaluated and evaluated for accuracy, completeness or change in law. With so many business ideas in 2023, it can be hard to figure out which ones are worth pursuing.
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Jumping into a new trend can be risky at times, but it can also be very rewarding. You may notice that many of the ideas on this list have been gaining in popularity recently. Others have long been popular, making them more competitive but less risky. However, all the small business ideas below will help you make money.
If you’re wondering what business to start, this list is for you. According to small business statistics, one of the main motivations for starting your own business is to be your own boss. Owning a business gives you the freedom to work whenever, wherever and however you want.
Do you want to work on the beach or at grandma’s house? No one will stop or question you from now on. This is the dream life that many people hope to live one day, and thanks to some great business ideas, you can have this lifestyle at hand.
Want to sell products online but don’t have the money to buy and store inventory? Consider dropshipping! Dropshipping is an e-commerce business model where you don’t need to manage any physical products.
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All you have to do is set up an online store and partner with suppliers who are ready to stock, pack and ship orders to your customers. You don’t need to spend hours researching products because you can use dropshipping apps like Automizely to find great products to sell.
Check out this Shopify dropshipping course to learn more about selling without online inventory. If you’re looking for online business ideas that are easy to develop, you’ll have a hard time finding anything better than dropshipping. It’s one of the simplest things to start with if you have access to the right tools and resources.
The main reason people are often drawn to dropshipping is because you don’t need to hold inventory. However, if keeping inventory isn’t an issue (perhaps there’s enough room in that spare cabinet), you might want to consider purchasing items in bulk.
Online marketplaces like Handshake allow small business owners to find unique, high-quality products and build lasting relationships with suppliers. Worth checking out as a dropshipping plugin if you already know what you want to sell.
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Printing on Demand (POD) is when you sell your own custom designs on items like phone cases, mugs, and t-shirts, but don’t actually print the artwork. Instead, work with suppliers who print your design on the product, or even package and ship it.
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