Most Profitable Small Business To Start – In the best years, 20 percent of small businesses fail in the first year, and 50 percent fail within five years.
And let’s face it: starting a business in 2022 isn’t as easy as it used to be. These days we have to consider Covid-19, the economic recession it has caused, and the chaotic political environment.
Most Profitable Small Business 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 saying, “When the winds of change blow, some people build towers, others build windmills.”
In this strategic guide, you’ll learn about the 15 most profitable small businesses to open in 2022, including tips on why they might be a good bet.
As much of the world isolates itself at home and avoids going to stores and malls, it’s no wonder that e-commerce is on the rise.
For example, you can use Shopify’s 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-selected, verified wholesale suppliers in America.
Don’t worry if you don’t have the money to buy bulk items in advance to sell online. You can always start a drop shipping e-commerce.
With this small business idea you can build an online store, add products and advertise online to generate sales.
Then, whenever you make a sale, the order is automatically transferred to your supplier, who ships the product to your customer and you receive a share of the sale.
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It must be very complicated to set up a dump, right? no. Using a drip kit like Oberlo, you can be up and running in minutes.
Once you’ve set up your account, you can start searching for products to sell. For example, you may decide to open a back-to-school store to quickly take advantage of schools reopening after extended closures.
One of the disadvantages of dropshipping is that you can’t brand the products and packaging you sell. This makes it a bit challenging to differentiate yourself from other online sellers.
Print-to-order works just like drop shipping, except you might expect it – your supplier will print your design on the products you choose before sending it to your customers.
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You can sell all kinds of products like clothing, furniture, jewelry, beach accessories and more. Check out some ideas from a print-on-demand service printer:
Again, this small business idea is easy to start. Simply sign up for Shopify and install a print-on-demand app like Printify, Printful or telaunch.
Once a morning social and lunchtime romance, many cafes have closed their doors or been reduced to queuing on the sidewalk.
In fact, coffee market research group Allegra World Coffee Portal reports that Covid-19 killed 24 percent of the total market value of US coffee shops last year.
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It’s no surprise that many people are taking their daily caffeine intake into their own hands and opting for coffee.
The result? A coffee subscription service could be one of the most profitable small businesses in 2022.
So how can you keep up your sales so your inventory doesn’t go down? Check out Dripshipper, a Shopify dropshipping app. This small app allows you to sell hot coffee online under your own brand name. (Prefer to sell without a display? Browse our gourmet dream collection for high-quality coffee products from other brands).
In addition, many people started keeping chickens and growing their own fruits and vegetables to prevent food shortages.
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Seed supplier and Shopify user Hudson Valley Seed Co. Demand for online orders is on the rise due to Covid-19. Jack Wetham, sales manager for the Hudson Valley Seed Company, said:
“The biggest increase in demand has come from people taking food safety into their own hands, mostly first-time gardeners. We often see vegetable and flower sales split evenly, although we’ve seen a lot of interest in vegetable seeds these days, especially high-calorie ones like potatoes, corn, Beans and courgettes.
So why not start a garden supply business? There are countless vegetable products that can be sold on eBay.
Moreover, landscaping and lawn care can be among the most profitable small businesses to start in 2022.
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Although many people spend a lot of time in their garden, not everyone has the time or desire to do the work themselves. So, if you prefer working with your hands, consider starting a landscaping and yard care business.
And this can be a safe bet. In the year The 2020 US Landscaping Market Report shows that not only is the industry growing, but there is more demand for landscaping and maintenance workers than supply.
It’s no wonder that demand for furniture has increased due to Covid-19 and it’s one of the most profitable small businesses these days.
“The home furnishings business, which for decades was behind travel, entertainment and other sectors of the economy, was unexpectedly thrown into the driver’s seat in 2020. Since June 2020, record-breaking months have been typical for furniture manufacturers and retailers.
The 10 Most Profitable Small Businesses To Open In 2022
In other words, when you’re stuck at home and can’t spend the money on a vacation, why not get a new couch, bed, or home office?
So you can start a furniture business to handle the surge in demand, whether you’re opening a local store that sells vintage pieces or importing furniture online.
Lockdown measures due to Covid-19 and the economic downturn have forced many small businesses to close their doors and move their operations online.
However, many small business owners lack the skills or knowledge to successfully grow their business online and need someone to help them.
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You don’t even need to be an expert. If you are interested, there are many free online courses that you can use to learn web design.
When you’re ready, you can find web development jobs on platforms like Gun.io, Stack Overflow, or GitHub Jobs.
Plus, there are over a million businesses using Shopify who need your help optimizing their online stores and increasing sales. Check out the Shopify Partner Program to learn more.
Many businesses also need help with digital marketing – after all, there’s no point in having a pretty website if it doesn’t generate sales, right?
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Online advertising can be one of the most profitable small businesses to own. If you’re interested in writing analytics and copywriting, consider starting an online advertising service.
Again, you can learn more about digital marketing from free online courses, such as Shopify Compass.
Likewise, with millions of people at social distances, our social lives seem increasingly dependent on social media platforms. Because of this are networks like Facebook, Instagram, Twitter and TikTok.
So, maybe social media management will be one of the most profitable small businesses to start in 2022.
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If you are social media savvy, you can start a social media management service for small businesses to increase their online sales. They can provide influencer marketing services to help companies promote their products and services to a wider audience.
Check out some free online courses to learn the ropes — you can start with Oberl’s Instagram course, for example.
Then check out some of the best social media tools online to help you manage your client’s business:
Consider using a platform like Freelancer, Fiverr, or Upwork to find clients, or join the Shopify affiliate program.
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Professional cleaning services are in demand more than ever, and families and businesses are desperate to prevent the spread of Covid-19 under their roofs.
According to the US market report, the professional cleaning services market is expected to grow significantly between 2021 and 2026. Therefore, cleaning services can be one of the small businesses to own.
Consider targeting local small businesses to clean offices, restaurants, cafes and shops. There are many great YouTube tutorials that you can use to learn more.
You can also build an e-commerce store to start selling soaps, toiletries, and cleaning products. Check out the bulk cleaning products available on Handshake.
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Starting a business can be incredibly challenging – remember, half of all small businesses fail within five years. So it makes sense to choose the most profitable small business idea you can to give yourself the best chance of success.
Finally, there is no clear answer. However, we can now take into account the wind of change in the world, think systematically and look at some studies to reach some conclusions.
Take some time to dive into these most profitable small business ideas to find out if one of them is right for you!
Thomas is a B2B content marketing consultant and writer specializing in SaaS, e-commerce and digital marketing. To learn more about how Thomas can help you achieve your goals, visit the website at tomjlaw.com.
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