Many Americans aspire to run their own businesses.
Running your own business from your home, garage, or office means you have complete control over your professional destiny.
It’s no surprise that many people save money and spend their days daydreaming about new businesses to start.
But what if you want to start a profitable business but don’t know what type of business to start?
You’ve come to the right place if you’re looking for profitable business ideas.
Below is a detailed breakdown of 55 small business ideas that you can start right away.
Of course, some of these business opportunities necessitate more experience or credentials than others.
For example, becoming an influencer costs less money than becoming a professional pet grooming expert.
How to Choose the Right Small Business Idea for You
Considering your current skill set and credentials.
For example, if you already have an accounting degree or your CPA license, working as a freelance accountant or starting your own accounting firm (as described below) could be just what you’re looking for!
If you don’t have a degree, you can get one or pursue another business idea that doesn’t necessitate a college degree in the first place.
Consider leaning into your strengths when you begin if you have a background in healthcare or dropshipping.
Choosing a career path.
Some business ideas necessitate that you enjoy your work in order to do it well.
Starting a new small business cleaning service, for example, could be right up your alley if you enjoy seeing houses sparkle clean.
deciding on the number of coworkers you want.
Some profitable small business ideas can be pursued and realized with only one person: you!
Others require you to hire a small workforce immediately or eventually, whether it’s a few or dozens.
If you don’t want to spend so much time managing, start a small business that doesn’t necessitate hiring a lot of extra help.
Online work has grown in popularity since the pandemic.
If you like people but dislike meeting them in person, consider starting an online business as a virtual assistant or life coach.
Taking finances into account.
Some small business ideas are more likely to be profitable than others.
If you want to get rich from your small business, you should choose a small business idea with high profit potential rather than one that is more suitable as a side hustle or a business to keep you busy in your retirement years.
Now that you know what to think about, let’s look at 55 great business ideas you can start today.
1. ACCOUNTANT
Experience, training or licensing may be needed
Make a flyer that describes your services.
You must first determine what services will be provided.
Do you just want to do bookkeeping for a small business?
Accounting at a higher level would entail creating balance sheets, income statements, and other financial reports on a monthly, quarterly, and/or annual basis, depending on the needs of the business.
Tax accounting is another area of potential work that can be specialized in.
2. BICYCLE REPAIR
Some experience needed
This business is seasonal in many parts of the country, but there are workarounds.
Rent a storage unit and offer to store people’s bicycles over the winter after you tune them up and make any necessary repairs.
If you want to cater to Lance Armstrong want tobes, you can do so all year.
These road racers are training in the snow, sleet, and darkness.
Some of them ride their bikes to work, but many do not, so you can get their business all year.
And if you keep Saturday shop hours, you can be sure that a group of cycling enthusiasts will stop by to talk about all things cycling.
3. BOAT CLEANING
Experience, training or licensing may be needed
Boats hauled out of the water for the winter or even for mid-season repairs will require hull cleaning.
Depending on the type of boat, it is also a good time to clean everything else—the decks, sleeping quarters, head, and holds.
Begin by approaching houses with a boat in the yard.
You could also market your services to the marina and ask them to hire you to clean their customers’ boats.
4. BUSINESS PLAN SERVICE
Has expansion possibilities
Provide a comprehensive business plan that includes market research, the business plan narrative, and financial statements.
Plan your fee around the main service that the client will want and offer the others as extras.
You can give clients an electronic file and let them take it from there, or you can keep the business plan on file and offer to tweak it as needed.
Have samples of business plans to show clients, and make sure to include your own!
5. RIDE-SHARING DRIVER
Driving experience needed
Earning money for driving in your spare time is a great way to supplement your income.
It is unlikely to replace a full-time income, but it can be a lucrative additional revenue stream or side hustle.
Here is a breakdown of the income you can expect, according to Nerd Wallet:
“To earn $50,000 per year, the average Uber driver must provide 60.21 rides per week, while Lyft drivers must provide 83.76 rides per week, and Sidecar drivers must provide 72.03 rides per week.”
6. CLEANING SERVICE
No experience needed
Has expansion possibilities
This small business idea can be taken in a variety of directions.
If you want to work when no one else is, you can concentrate your cleaning business on office clients.
You can concentrate on retail businesses and keep your customers concentrated in one or two blocks.
Restaurants require daily thorough cleaning and can be a great source of repeat customers.
Perhaps you’d be more interested in housework.
When it comes to cleaning services, you don’t always need to spend a lot of money on advertising or marketing because most of your customers will come from word of mouth.
7. CHILDREN’S PARTY PLANNER
No experience needed
The children’s birthday party industry is worth millions of dollars, with the average American spending $500 per party.
Start Your Own Kid-Focused Business covers everything you need to know to get your own kid-focused business up and running, from insurance costs to food and beverage selection to arranging unforgettable entertainment that gets lots of smiles and lots of referrals from happy customers.
8. CONSULTANT
Has expansion possibilities
To be a consultant, you must be an expert in your field so that you can market yourself as an advisor to others looking for work in that field.
Perhaps you managed several large warehouses for a drugstore company, did all of the marketing for a large shoe manufacturer for many years, or established a chain of beauty supply stores or take-out restaurants.
You can use your experience to help others do similar things without making the same mistakes you did.
A good calendar app will almost certainly come in handy, as time tracking is essential for accurate billing.
9. DOG WALKING
Experience, training, or licensing may be needed
One or more times per day, dog walkers take pooches out for their daily constitutional, either individually or in small groups.
Dog walking alone can be a thriving business in some cities across the United States, such as New York.
However, it is more common for dog walkers to provide additional services such as playing with and feeding pets, bringing in newspapers and mail, and turning on and off lights.
You could even have fun with social media marketing for your business.
10. EBAY ASSISTANT
No experience needed
Do you have any items in your home that you could sell on eBay?
Here’s a simple online business idea: determine your asking price and decide whether to auction it or put it in your eBay store.
Then decide whether you want a minimum bid and how long the auction should last.
You will need to create a PayPal account to conduct transactions.
The eBay website contains all of the information you need to get started with an eBay eCommerce business.
Chatbots are providing innovative new ways for businesses to assist with these functions.
Another option is to host your merchandise on Etsy or other online stores and marketplaces, whether you’re selling t-shirts or matcha bowls.
11. EDITORIAL SERVICES
Has expansion possibilities
Here are a few freelance writing and editing tasks you can carry out in the privacy of your home:
Copyediting.
- This is where fact checking occurs, as well as grammatical, stylistic, and typographical errors.
- Proofreading. This is the final stop for a “completed” piece. The proofreader ensures that the copyediting changes were made correctly and that no new errors were introduced during the process. Proofreading copy is an essential service for digital marketing strategies, SEO (search engine optimization), app development, social media management, and more.
- Indexing. There are indexing classes available, as well as indexing software.
- Editing for development. A developmental editor works with a manuscript on broad issues such as organization and content.
- Book a doctor. This is an editorial service for expert-written manuscripts. They write a manuscript as best they can, and then a book doctor polishes it for publication.
- Ghostwriting. As a ghost writer, you conduct the research and write the book while another person’s name is attached as the author.
- Copywriting. This type of writing, also known as business writing, promotes a product or service.
- Writing a book. Do you have professional experience, such as accounting or interior design? Or do you prefer knitting? Why not make a book out of it?
- Writing a book. Do you have professional experience, such as accounting or interior design? Or do you prefer knitting? Why not make a book out of it?
- Provider of website content. Writing for a website is a good way to supplement your income.
12. ELECTRONICS REPAIR
Has expansion possibilities
This business is similar to computer repair, but you will work with electronic equipment other than computers.
With smaller electronics, you should be prepared to have customers bring their repair projects to you, as the cost of driving around picking up broken equipment and returning it would be difficult to recoup.
You should also encourage people to donate their old electronics to you so that you can use them for parts.
13. EVENT PLANNING
Has expansion possibilities
One of the first things you should do is go to each potential event location where you intend to work.
Tour each location with the marketing manager to learn about what is available.
Begin a database that will allow you to sort venues based on various criteria, such as the number of people each site can accommodate, the AV equipment available on site, whether you will need to arrange for rental chairs, and so on.
When you start planning an event with a client, you can easily find out what the key parameters are for the event and quickly pull up the three or four sites that meet the basic criteria.
as well as engagement parties, etc.
14. EXPERT WITNESS SERVICE
Experience, training or licensing may be needed
Being an expert witness yourself is one way to make money in this field.
You can market yourself to attorneys as an expert witness if you have expertise that could be useful in legal cases.
Another way to get involved in the expert witness field is to act as a matchmaker, matching attorneys with expert witnesses for their cases, whether for the defense or the prosecution.
Expert witnesses in high-stakes cases may be expected to travel long distances to testify.
There’s no reason your witness database can’t include people from all over the country.
15. FINANCIAL PLANNER
Experience, training or licensing may be needed
To begin, you should complete the certification process in order to call yourself a CFP (Certified Financial Planner).
Your certificate demonstrates your expertise and credibility, which will help people choose you as their financial planner.
16. FLEA MARKET
Has expansion possibilities
People enjoy spending their weekends rummaging through tables full of other people’s unwanted items in search of hidden treasures.
Make it a habit to change your layout and put new items up for sale on a regular basis.
You want people to return again and again to see what’s new.
You don’t even need a lot of new stuff to make things look fresh.
Even if an item has been in your inventory since you first started having sales, simply moving it from a table to the top of a bookshelf may get it noticed.
17. GOLF COACH
Experience, training or licensing may be needed
Inform the local public golf courses about your coaching business.
Develop relationships with the team and ask them to recommend you as a coach.
Another place to look for potential customers is in business.
Golf is a sport that businesspeople use to build relationships outside of the office.
To establish a reputation as a golf coach, you must be a better than average golfer.
You must also be a good teacher, know how to motivate others, and be willing to work with a wide range of people.
18. HOME ENERGY AUDITOR
Experience, training or licensing may be needed
Every homeowner is always looking for ways to reduce their utility bills.
You can assist them by performing an audit of their home and providing a breakdown of how they can achieve real savings in heating, cooling, and electrical use.
You can take it a step further by implementing and installing some of your suggestions in their home yourself.
Complete an appliance audit, including efficiency ratings and calculations based on the appliance’s age.
Don’t forget about the water heater!
19. HOME INSPECTION
Experience, training or licensing may be needed
You will need to establish contacts with real estate agents who can recommend your services to customers if you want to be a successful business owner in this field.
You will need to keep your education and knowledge up to date in the home inspection field.
New products are constantly being introduced to the market; if you only know about wood decks, you will not be able to inspect and evaluate the new materials on the market, such as composites that are designed to look like real wood.
Keep up to date on all material safety updates and issues such as off-gassing, carbon monoxide production, and other chemical precautions.
20. HOUSEHOLD ORGANIZER
Has expansion possibilities
You can either do the organizing or consult on what the homeowner could do to better organize themselves.
Maintain a portfolio of various organizational scenarios in various rooms of the home, and consult with the homeowner about the style he or she prefers.
Make checklists and questionnaires to learn how your family uses the house.
Are the kids overburdened with after-school activities?
Or do they usually come home after school and want to play with their toys?
Do they share a bedroom?
All of these factors will assist you in tailoring an organizing strategy and becoming a hero to potential customers and families.
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