Profitable Small Business Ideas

Are you feeling the tug of Entrepreneurship? Does the idea of starting a business just fill you with excitement?

You must have read our article: Should You Start a Business?

With so many business ideas, it can be a tough process trying to figure out which is worth pursuing. Startups have the power to change the economy, and now is the perfect time to leverage some of the many tools and resources available to start a business. Many people discard their dream to build, create, and innovate in the face of mainly fear. Starting a home-based business is within the reach of almost anyone who wants to take a risk and work hard. Don’t let anyone tell you different. We suggest targeting a niche that’s not only profitable but also great for the long-term. You may have seen a lot of these business ideas on different platforms before, that’s because these are what’s growing in popularity!

 Let’s Get Started…

Here are some of the best profitable business ideas that represent a big potential for small business owners.

Freelancing Within Your Industry.
write-593333_1920Almost every job can be done on a freelance (even remote) basis in today’s digital world. We’re talking writing, editing, graphic-designing, developing, marketing, video production, business consulting, and many more. What’s even better is that you can start a freelance business while you keep your day job, until it reaches that success level. There are tons of amazing websites that regularly feature highly paid freelance gigs. A great starting point for bringing in your first clients is one of our favorites, Freelancer.com. Their support team are top notch and super quick to attend to any concerns you have. Plus, you can try it for free!

Blogging
If you’re passionate about a topic and you have decent writing skills, then go for it! This is probably one of the most profitable fields to tap into in the digital age. Being a professional blogger requires very little start-up cost. Like $200 or less little. It could definitely be an alternative career path for you. You only have to invest in a catchy domain name and hosting space. You could easily find free high-quality visuals, an appealing layout, creative content, and interactive features. As for promoting your blogs through the right channels, the cost-free and limitless expanse of the internet is all you need. It is possible to make a living—a very good one, even—by writing online. Then again, the hard truth is most of the millions of bloggers today don’t make enough to support themselves just with their blogs. Interested? Let’s take a look at what’s involved.

eBay
First, we’ll say we love eBay! It’s an internet platform where you can sell or buy almost anything. It’s the bomb. If you don’t have an account, make one. It’s free! If you’re good at creating/crafting something and don’t have the upfront cost of opening an actual store, then eBay is a great start. Buying and selling happen to be one of the easiest means of making money and one of the biggest online platforms that you can leverage on. The only real “concerns” (not really) with using eBay is shipping and returns. However, those things are easily manageable. The best part of this site is that clients all over the world have 24-hour access to your shop for free.

Tax Preparation
If you’re someone who enjoys working with people and computers, this could be for you! This is an awesome home-based business. People tend to shy away from taxes because they think it will be too difficult. Some think you have to be a Certified Public Accountant (CPA), have an accounting degree, or the equivalent. The truth is, you don’t need any of those to be a tax professional. Although dealing with figures is essential, high-level knowledge of math and finance are not necessary. FUN FACT: Tax preparation is not accounting, it’s law. Sounds like something up your alley? Simply go online and search “tax preparation no previous experience” and you’ll come across tons of potential jobs that you can start completing on the side. Once it becomes your niche, go out on your own and slowly build up your own business.

Massage Therapist
massage-2333200_1920We’re serious. This is a lucrative upcoming business venture! People go to massage therapists to reduce stress and anxiety, to relax their muscles and to rehabilitate any injured muscles or areas of their body. You’d be helping people enhance their health and well-being. Getting paid while helping others? Nice. However, when it comes to this industry you must be fully trained before you can lease out a room. Once your training is complete, being a massage therapist allows you to set your own hours, work when and where you like, and develop a strong repeat customer base. To reach the full potential of success, research thoroughly and plan carefully to avoid unnecessary expenses.

Personal Trainer
If fitness is among your key interests, then perhaps there are a few couch potatoes out there who could use your help. Health and fitness are huge issues today! Everyone wants to look good, feel better and live longer. If you’re someone who loves working out and you’re good at encouraging others to get fit, then this could be the business for you. Without a doubt. First, you need to get the proper certification.We highly recommended you read popular publications both online and offline. They’re constantly reporting on new trends in fitness, exercise, and nutrition. Be prepared to be questioned if your clients are exposed to misinformation, they’ll likely look to you to confirm or disprove what they’ve learned.

master-1904748_1920 Repairman Services
Are you a professional at repairing anything that breaks? Then perhaps you could start your very own handyman business. In this industry, you are mainly paid by the hour and the rates can vary. But in all cases, you remain pretty busy as your skills are valued and almost always in demand. All you need is some basic tools and instruments, a steady hand, and a reliable vehicle to zip around the areas in the capital where you will be most active. The awesome thing about this business, you can always partner up with another repair business and take advantage of their franchising opportunities. This means they will be sending clients your way for a percentage (or fixed sum) of your winnings. Win-Win situation if you ask us.

Event planner
Do you love throwing parties and organizing meetings? Start an event-planning business and turn your passion into a profitable venture. As an event planner, you can help individuals and corporations plan their need to be resourceful and have a keen eye for detail. You will also need the patience to deal with clients’ demands and the ability to stay calm during stressful situations and unforeseen disasters.

Virtual Assistant
According to Entreprenuer.com, “Some say the virtual assistant industry has become so popular because it helps women become entrepreneurs yet also achieve a work/life balance “You’re your use to the administrative work but want to work for yourself, this might be a perfect opportunity for you. Virtual assistants work remotely and do all the things a business owner or manager doesn’t have time to do, such as open and answer emails, follow up with customers, invoice customers or pay bills. All of these tasks and more can all be done from your own home computer via the cloud.

What did we miss?

Share in the comments if we’re missing any great profitable business ideas that you can start while working full-time or on its own! Bonus points if you’ve already gotten started on it, and share the link to your website.

TBP’s note: These ideas are meant to serve as inspiration, and are not intended to be a substitute for due diligence and professional business coaching advice. We urge you to conduct thorough research before starting one of these businesses.

THE BUSINESS PANTRY ANALYZES PRODUCTS INDEPENDENTLY, BUT WE MAY EARN AFFILIATE COMMISSIONS FROM OBTAINING LINKS ON THIS PAGE.

 

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