Lucrative Small Businesses To Start – In the best years, 20 percent of small businesses fail in the first year and 50 percent within five years.
And let’s face it: starting a business in 2022 isn’t as easy as it used to be. Today we have to consider COVID-19, the resulting economic downturn and the turbulent political situation.
Lucrative Small Businesses To Start
However, just because the world is a little crazy right now doesn’t mean you can’t start a successful business.
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There is an old Chinese proverb: “When the wind of change blows, some build walls, others build windmills.”
In this strategy guide, you’ll learn about the 15 most profitable small businesses to open in 2022 and tips on why they might be right for you.
With much of the world isolating themselves from home and actively avoiding going into stores and malls, it’s no wonder that e-commerce is on the rise.
For example, you can use the Shopify platform to create an e-commerce website in minutes – sign up for a free trial to get started.
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You can also use Handshake to source products from the best hand-picked, vetted wholesalers in the US.
If you don’t have the money to pre-purchase wholesale inventory to sell online, don’t worry. You can always start a dropshipping e-commerce business.
With this small business idea, you can create an online store, add products, and then start your online marketing to get sales.
Then, when you make a sale, the order is automatically forwarded to your supplier, who ships the product to your customer and receives the sale.
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Setting up dropshipping must be complicated enough, right? No. With a dropshipping tool like Oberlo, you can be up and running in minutes.
Once you’ve created your account, you can start looking for products to sell. For example, you may decide to create a school supply store to take advantage of the increase in schools opening after a long period of closure.
One of the disadvantages of dropshipping is that you cannot label the products and packaging. This can make it a bit difficult to differentiate yourself from other online sellers.
Print-on-demand works in the same way as dropshipping, except that—you guessed it—your supplier prints the design onto the products you select before shipping them to customers.
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You can sell all kinds of products such as clothing, home accessories, jewelry, beachwear accessories and more. Check out some ideas from Printful’s print-on-demand service:
Again, this small business idea is easy to start. Just sign up for Shopify and install a print-on-demand app like Printify, Printful, or teelaunch.
Formerly the host of morning conversations and lunchtime romance, many cafes have closed their doors for good or shrunk to sidewalks.
In fact, according to a report by coffee market research group Allegra World Coffee Portal, Covid-19 destroyed 24 percent of the total value of the US coffee market last year.
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It’s no wonder that many people have decided to take their daily dose of caffeine into their own hands and have coffee delivered.
The result? Coffee subscription services could be one of the most profitable small businesses in 2022.
So how do you keep your sales going so your inventory doesn’t disappear? Check out Shopify’s dropshipping app, Dripshipper. This small app allows you to sell delivered fresh coffee with your own brand online. (Would you like to sell without a presentation? Browse our gourmet dream collection of high-quality coffee products from other brands).
In addition, many people have started keeping chickens and growing their own vegetables and fruits to protect themselves from possible food shortages.
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Seed supplier and Shopify user Hudson Valley Seed Co. has seen an increase in demand for online orders due to COVID-19. Jack Wetham, Sales Manager of Hudson Valley Seed Co. said:
“Those who took food security into their own hands were most interested, mainly horticultural customers. We generally see a fairly even split between vegetable and flower sales, although recently we’ve seen a lot more interest in vegetable seeds, especially high-calorie varieties like potatoes, corn, beans and squash.
Why not start a gardening supplies business? Oberlo offers countless gardening products that you can sell.
Additionally, landscaping and lawn care may be among the most profitable small businesses to start in 2022.
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Although many people spend more time in their gardens, not everyone has the time or inclination to do the work themselves. So, if you want to do it yourself, consider starting a landscaping and yard maintenance business.
That might be a safe bet, too. The 2020 US Landscape Market Report found that not only is the industry growing, but demand for landscapers and landscaping workers is greater than supply.
Unsurprisingly, demand for furniture delivery has also increased due to COVID-19 and is currently one of the most profitable small businesses.
“The home furnishing business, which for decades took a backseat to the travel, entertainment and other segments of the economy that are heavily dependent on consumers with disposable income, has unexpectedly found itself in the driver’s seat in 2020. Since June 2020, outages lasting up to a record month have been typical for both furniture manufacturers and retailers.
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In other words, if you’re stuck at home and can’t spend the money on a vacation, why not buy a new couch, bed, or home office equipment?
So whether you’re opening a local vintage shop or delivering furniture online, you can start a furniture business to increase demand.
Restrictions due to the Covid-19 pandemic and the economic downturn have forced many small businesses to close their doors and move their operations online.
However, many small business owners do not have the skills or knowledge to successfully grow their business online and need someone to help them.
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You don’t even have to be an expert. If you are interested, there are plenty of free online courses to learn web design.
When you’re ready, you can find web development jobs on platforms like Gun.io, Stack Overflow, or GitHub Jobs.
Additionally, Shopify is used by over a million businesses that need help optimizing their online store and increasing their sales. For more information, see the Shopify Affiliate Program.
Many businesses also need help with digital marketing – after all, a beautiful website is pointless if it doesn’t increase sales, right?
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Online advertising can be one of the most profitable small businesses. If you want to get into analytics and copywriting, consider starting an online advertising service.
Again, you can learn more about digital marketing with free online courses like Shopify Compass courses.
Similarly, as millions of people move away from each other, our social lives increasingly rely on social media platforms. This resulted in networks like Facebook, Instagram, Twitter and TikTok
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So, social media management can be one of the most profitable small businesses to start in 2022.
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If you are a social media enthusiast, you can create a social media management service that small businesses can use to increase their online sales. You can also provide influencer marketing services to help businesses promote their products and services to a niche audience.
Check out some free online courses to learn the ropes, like getting started with Oberlo’s Instagram course.
Then check out some of the great social media tools around the web to help you manage your clients’ workloads, such as:
Consider using platforms like Freelancer, Fiverr, or Upwork to find clients or join the Shopify Partner Program.
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Professional cleaning services are in greater demand than ever as families and businesses desperately try to prevent the spread of Covid-19 under their roofs.
In fact, according to a US market report, the market for professional cleaning services is expected to grow significantly between 2021 and 2026. So cleaning services are just one of the most profitable small businesses.
Consider hiring local small businesses to clean offices, restaurants, cafes, and stores. There are many great YouTube tutorials to help you learn more.
You can also create an e-commerce store where you can start selling soaps, health products and cleaning products. Check out the wholesale cleaners available on Handshake for ideas.
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Starting a business can be incredibly difficult – remember, half of small businesses fail within five years. Therefore, it makes sense to choose the most profitable small business idea to give it the best chance of success.
Ultimately, there is no clear answer. However, we can consider the winds of change in the world, think strategically, and look at some research to draw conclusions.
Take the time to dive deeper into these highly profitable small business ideas to see if one is right for you!
Thomas is a B2B content marketing consultant and writer specializing in SaaS, eCommerce and digital marketing. To learn more about how you can help Thomas achieve his goals, visit tomjlaw.com.
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