Easiest Most Profitable Business To Start – When people think of profit, they think of it in different ways. For example, there is a big difference between profitable businesses and profitable small businesses.
But if you’re wondering what is the most profitable business for small business owners to start, it’s usually a separate category. Most of us don’t have access to venture capitalists or the ability to run a company for ten years before it starts making money. So I limit the list to very profitable small businesses.
Easiest Most Profitable Business To Start
We’ll find out how profitable small businesses are, look at some of the most profitable home businesses, and give examples of successful business owners in those areas.
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We hope these real success stories and small business ideas will spark your creative ideas and help you make more money.
The consulting business focuses on helping other business owners solve their problems. You can choose a niche if you have a specific area in which you are an expert, or you can be a one-stop-shop.
When I started my consulting business, I discussed everything. One day I’ll be reviewing payment processors, and the next, I’ll be looking for brand influencers. I finally get to write about business and technology because it makes it so easy to spread knowledge to thousands of people a month.
Business consultants can earn anywhere from a few hundred per day to billions per year. Advisors who specialize in mergers and acquisitions can earn substantial commissions.
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Although only ⅙ of real estate agents are successful, those who are successful can start a profitable business. Santino Filbelli told us:
I’ve worked in real estate as an agent, salesperson, and investor, making over $2 million a year.
Find out how award-winning real estate agent Paul Palzotti built his real estate company in our exclusive interview.
Then check out another interview we did about real estate investing with famous real estate broker Santino Filipel, where he shared how he built his agency:
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One of the most profitable businesses to start is the cleaning service. Whether you choose to start a home cleaning service or a niche such as carpet cleaning, you can make a lot of money in the cleaning industry.
My dad loaned me $3,000, and I took a carpet cleaning technology course at a local cleaning company.
Today he does three times a month. Read our blog on how to start a carpet cleaning business to learn more about why it is one of the most profitable small business ideas.
You can also check out our interview with Chris Mondragon, who earns over $125k a month with his cleaning business. He said:
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Social media marketing is a huge industry. According to Statista, the industry is worth $153.7 billion. All you need is a computer, software, and to find some clients.
You can expect each customer to be close to $2,000-$5,000 per month and need 20-40 business hours to provide them with the right service.
This means that one person can make $40,000 per month from home without investing in inventory. Find out how he turned Jason Socialistics into a $500,000 a year social media marketing agency:
One of the most profitable businesses involves creating online courses. E-learning is expected to grow at a compound annual growth rate (CAGR) of 14.6% and reach $374.3 billion by 2026.
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Creating an online course can cost a few hundred dollars if you know how to do it yourself, or up to $20,000 an hour, of course, if you pay others to do it.
Not only is it relatively cheap to get started, but people are willing to pay for online courses if they add real value. In fact, some of the most popular courses can cost upwards of $5,000, but most are under $300 a course.
Another business owner that I’ve found interesting since I started blogging is Jazmin Richards, owner of BlkSunflower. He started his small business in early 2020 with $100 and has grown to over $200,000 in annual revenue.
Most candle makers have a margin of 40-60% if they sell in large quantities and more if they go directly to consumers. This makes it a very profitable business. Check out our interview with Jazmin:
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Payroll services charge a monthly fee for their time plus other costs for each job. There are two ways:
You can easily join some of them, help people sign up for services, set them up, and get commission on their monthly fee.
This can be a very lucrative business especially if you combine it with something like accounting or tax preparation because it is extra money to make your work easier.
Shipping services can be some of the most successful small businesses. While major players such as Uber and DoorDash capture the lion’s share of taxi revenue, the industry is expected to grow to $192 billion by 2025.
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If you are starting something similar, just focus on the local area and find a better way to market the business. You can reach a profit limit of up to 17%. This is why delivery services are one of the most profitable business ideas.
If you enjoy creating websites, logos, and marketing materials, graphic design may be ideal because it is always in demand. You can start with your computer and just some design software. Find clients on Fiverr or Upwork and start a profitable home business.
A lot of people start food trucks because they make more money than owning a restaurant. You can save money by:
To get started, it took about $41,200, and today, I make $417,000 a year and aim to keep my food costs under 35%.
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Personal trainers also make a good living. They can earn between $50 and $250 an hour while coaching people towards their fitness goals. Although a personal trainer does not have to have an education, earnings are typically up to 140% more with a master’s degree than with a high school education.
Since people pay to know you, the main costs are licensing and marketing. If you’re passionate about exercise, then perhaps CrossFit is for you.
The construction industry has a gross margin of 22.73% and a net profit margin of 7.92%, but companies that do it well can do more. Paul Akers FastCap started when he was a cabinet maker and needed something to line holes from screws.
Recently, he’s manufactured over 600 products, raised prices only three times in 21 years, and never turned anyone down. Check out our interview with Paul to see how he does it.
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If you are a foodie, this might be for you. Running a catering service allows you to prepare and deliver delicious meals to events such as weddings and business meetings. On occasions, you will prepare a buffet or serve food in any way you choose. You can also serve alcoholic beverages to greatly increase your profit margin as long as you have a liquor license.
According to Cater Source, it gives an average of 7-8% before tax. In addition, the market should grow to $328.11 billion by 2025. This means that there could be between $85 and $97 billion in pre-tax earnings.
Post pregnancy services, sometimes called postpartum services, are a type of business that helps mothers recover after childbirth. If you don’t know them, they are part of the medical department and can help with things like:
According to the Health Care Cost Institute, it is estimated that women spend up to $3,100 on their own care during the first year after giving birth. If someone created an Uber post pregnancy care service, it would be a multi-billion dollar success. For example, medical and other visits can take place at home and make life easier for a woman, perhaps after childbirth with an app service.
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The current state of the small business is ideal for e-commerce. Startup costs are low (under $1,000), and you can make over $120,000 per month. In our interview with Portland Gear owner Marcus Harvey, he told us:
Get a website for $10, Shopify for $30 a month, advertise on social media, buy 50 shirts for $9 each, and build a vacation there.
Courier services can be very profitable if you have the right network of professionals to find clients who need documents and other items delivered quickly. Courier services can be operated by car or bicycle.
The courier service usually charges a flat rate of $1.50-$1.70 per mile plus additional fees for reasons such as:
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Being a notary is often an easy plus for an employer. It usually costs less than $1,000 to get:
Most states allow you to charge a small fee for notary service and additional fees for driving time and other expenses incurred. Clients will be real estate agents, law firms, investors and financial institutions that require signed contracts.
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