Easy Profitable Business To Start – When people think about profit, they think about it in different ways. For example, there is a significant difference between the most profitable businesses and the most profitable small businesses.
But if you’re wondering which business is the most profitable for small business owners, it’s often a category of its own. Most of us don’t have access to venture capitalists or the ability to run a business for ten years before it starts making money. So I’m limiting the list to the most profitable small businesses.
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We’ll find out which small businesses are the most profitable, look at some of the most profitable businesses you can start from home, and give examples of successful business owners in these areas.
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Hopefully, these real success stories and small business ideas will spark your creativity and help you turn a profit.
Consulting is about 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 an end-to-end solution.
When I first started consulting, I consulted everything. One day I was analyzing payment processors and the next day I was looking for good influencers for the brand. I ended up writing about business and technology because it makes it easier to impart knowledge to thousands of people a month.
Business consultants can make anywhere from a few hundred a day to billions a year. Advisors who specialize in mergers and acquisitions can earn huge commissions.
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Although only ⅙ of real estate agents become successful, those who do can start a profitable business. Santino Fillepelli told us:
I have worked in real estate as an agent, broker and investor making over $2 million a year.
Find out how famous real estate agent Paul Balzotti built his real estate business in our exclusive interview.
Then check out another real estate investment interview we did with legendary real estate agent Santino Filippello, where he also talks about how he started his agency:
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One of the most profitable businesses to start is cleaning services. Whether you decide to start a cleaning service or a more specialized field like carpet cleaning, you can make big money in the cleaning industry.
My dad loaned me $3,000 and I took carpet cleaning classes at a local cleaning company.
Today, he earns three times more every month. Read our blog on how to start a carpet cleaning business to learn more about why it’s one of the most profitable small business ideas.
You can also check out the interview we did with Chris Mondragon who makes over $125,000 a month cleaning. He told us:
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Social media marketing is a big industry. It’s a $153.7 billion industry, according to Statista. All you need is a computer, software and prospecting.
You can expect each customer to be around $2,000 to $5,000 per month and require 20 to 40 man hours to properly service.
This means that one person can earn up to $40,000 per month from home without investing in inventory. Learn how Jason turned Socialistics into a $500,000 a year social media marketing agency:
Another of the most profitable types of business is the creation of online courses. E-learning is expected to grow at a compound annual growth rate (CAGR) of 14.6% to reach $374.3 billion by 2026.
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Developing an online course can cost as little as a few hundred dollars if you can do it yourself, or it can cost up to $20,000 an hour, of course, if you pay others to create 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 training courses can cost as much as $5,000. However, most of them cost less than $300 per course.
One of the business owners that has caught my eye the most since I started writing is Jazmin Richards, owner of BlkSunflower. She started her small business in early 2020 with $100. USA and increased it to more than 200 thousand dollars. Annual income in the US.
Most candle manufacturers have margins of 40-60% if they sell wholesale, and even more if they sell direct 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 additional employee costs. There are two ways:
With some of them, you can become an affiliate quite easily, help people sign up for their services, set them up, and earn a commission on their monthly payments.
This can be a very profitable business, especially if you combine it with something like accounting or tax preparation, because it’s extra money that makes your job easier.
Delivery services can be some of the most successful small businesses. While big players like Uber and DoorDash grab the lion’s share of delivery revenue, the industry is expected to grow to $192 billion by 2025.
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If you are starting something like this, just focus on the area and find a better way to promote the business. You can achieve about 17% net profit. That is why a delivery service is one of the most profitable business ideas.
If you enjoy creating websites, logos and marketing materials, graphic design may be for you as it is always in demand. You can start with just a computer and design software. Find clients on Fiverr or Upwork and start a profitable business from the comfort of your home.
Many people start food trucks because it is more profitable than owning a restaurant. You save money on:
It cost me about $41,200 to start with. Today I make $417,000 a year and try to keep my food expenses below 35%.
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Personal trainers also make a living. They can earn anywhere from $50 to $250 per hour coaching people to reach their fitness goals. Although a degree is not required for a personal trainer, income is typically 140% higher with a master’s degree than with a high school diploma.
Since people are paying for your knowledge, the main costs are business licenses and marketing. If you’re into fitness, then maybe the workout is for you.
The Building Materials Supplies industry has a gross margin of 22.73% and a net margin of 7.92%, but companies that do well can earn much more. Paul Akers created the FastCap when he was a carpenter and needed something to quickly cover screw holes.
It has recently produced more than 600 products, raised prices only three times in 21 years, and never fired. Check out our interview with Paul to find out how he does it.
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If you are a foodie, this might be for you. The availability of a catering service makes it possible to prepare delicious dishes and take them to events such as weddings and corporate meetings. At events, you will either set up a buffet or serve food in any form you choose. You can also serve alcohol to significantly increase your profits if you have a liquor license.
According to Cater Source, catering averages a 7-8% pre-tax margin. Furthermore, the market is expected to grow to $328.11 billion by 2025. That means pretax profit could be between $85 billion and $97 billion.
Post-pregnancy services, sometimes called postpartum services, are a type of business that helps moms recover after giving birth. If you’re not familiar with them, they’re part of the medical field and can help with things like:
According to the Health Expenditure Institute, women spend an average of $3,100 on care in the first year after giving birth. If someone created an Uber-style maternity care service, it could be a multi-billion dollar success. For example, medical and other visits can take place directly at home, making life easier for women, for example, after giving birth through an application.
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The current small business environment is favorable for e-commerce. The initial cost is low (less than $1000) and you can earn more than $120,000 per month. In our interview with Marcus Harvey, owner of Portland Gear, he told us:
Get a domain for $10, Shopify for $30 a month, do some social media marketing and buy about 50 shirts for $9 and then build.
Courier services can be very profitable if you have the right professional network to help you quickly deliver documents and other items to clients who need them. Courier services can operate on cars or bikes.
A courier service will typically charge between $1.50 and $1.70 per mile plus additional fees for reasons such as:
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Becoming a notary public is usually not difficult for business owners. It often costs less than $1,000 to get:
Most states allow a small fee for notary services and additional costs for travel time and other expenses incurred. Clients will be real estate agents, law firms, accountants and financial institutions that need contracts
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