There are over 600,000 small businesses started every year in the United States. Unfortunately, nearly that many also close every year. Deciding to go into business is no easy task and it takes a lot to make yourself stand out amongst the crowd.
A key component to being successful is bringing in revenue. On the other hand, it’s also important that you feel passionate about what you are doing. (The customers can tell!) With that in mind, read on to find business ideas that are profitable and fulfilling!
- Child Care
Nearly a quarter of all children under the age of five are in some kind of organized child care arrangement. While some kids can stay home with one parent, this simply isn’t always possible. In many cases, both parents have to work outside of the home.
That’s when they could turn to you for help. There are a few different ways to approach child care. You could open your own daycare center, private preschool, or even a sports-themed day camp such as karate.
Research what options are in your area so you can identify what is lacking and where you could fill the gap. Child care may seem intimidating but it is also rewarding.
- Handmade Products
With a big push in recent years to start supporting small businesses, people have started to get passionate about handmade products. That’s because people are tired of seeing all the major corporations getting bigger and bigger. It’s also because they know there is a person behind a small business that cares deeply about what they are doing.
If you are particularly crafty then this might be the perfect way for you to start selling your own products. An online shop is a cost-effective way to get going and maximize your profits.
For those who aren’t as crafty themselves but find a passion in what others make, there is still a way to do this! You could start a collective store of pieces that are made by locals or ethically sourced.
- Real Estate
Do you have a particular interest in homes? You could start your own real estate business. You’ll need to go through some education and licensing processes before you can do so, but it will be worth it.
By owning your own real estate business, you get to take a percentage of each sale that you or one of your agents make. Not only is this profitable (people probably won’t ever stop buying homes), but it’s also enjoyable.
You get to experience some of the most exciting moments in someone’s life. They might be buying their first home or trying to find extra space for their new baby. Either way, this job is flexible and fun!
- Fashion Boutique
Maybe fashion is more your style? There is money to be made in the fashion world. To start, you could open your own fashion boutique online to see how things go.
As time goes on, you can jump into a physical location and really get the revenue flowing in. Regardless of how you approach this, the apparel and textile sector is the 4th biggest in the world and i’s worth $3 trillion.
Using your sense of style and savvy business mind, you can take advantage of this. You’ll have a great time chatting with your customers about the latest trends while making incredible money. The downside is that this market is saturated so you’ll need to show up and make yourself stand out.
- Content Writing
You can work from anywhere working as a freelance content writer. This side business could easily turn into your main gig too. By reducing costs to working internet and a computer, you’re ready to go.
As long as you are great with words and have dedication, you could create blogs, web content, press releases, and more for companies. Search engine optimization (SEO) knowledge is key to creating quality work. Starting out you can expect to make around $35-50 per hour.
Depending on the effort you put, client referrals, and overall skill you could make much more than that. It’s important to remember that your work will be readily available for all to see. Therefore, take your writing seriously!
This path to entrepreneurship is a bit more simple than some of the others. However, it provides a lot of fulfillment as you can travel or work from home without issue. In fact, you might get paid to work on the beach.
Picking up expert photography skills is not as simple as buying a fancy camera. If you already have skills or are very interested in learning, you could start your own photography business.
People are willing to pay top dollar to have someone they trust to capture the biggest moments in their lives. From weddings, family photos, holiday cards, pregnancy, newborns, birthdays, anniversaries, and more you could be that person.
There is a wide variety of photography types that appeal to different individuals. In addition, there may be many different amenities that you could offer. Things you might add to your business to help you stand out include outfits, props, sets, travel destinations, lighting, prints, and more.
The key to running a successful photography business is by gaining a following. Social media is a key component of any outstanding business these days. Instagram is a phenomenal tool for photographers to reach potential clients.
When it comes to business ideas to start, there’s nothing more unoriginal than a restaurant. But, unoriginal ideas aren’t necessarily a bad thing. There’s a reason that so many people have gone this route to entrepreneurship.
As long as you can create a restaurant that is desirable and different, it’s leaps ahead of most. Marketing is such a vital factor in the food industry simply because there are so many options available. Data says that restaurant owners make anywhere between $30,000 and $150,000 per year.
Why is that data so broad? The answer is because it truly depends on how you market yourself and what type of restaurant you own.
One of the reasons that so many people decide to open a restaurant is because it can be so fulfilling. There’s nothing like others enjoying your cooking and having a good time in your place of business.
- Food Truck
Food trucks have exploded in popularity over the past decade. There are a few reasons that people seem to love this concept including cheaper prices, accessibility, originality, community, and trying something new. On the other hand, there are many reasons that a business owner would choose to go this route instead of a traditional restaurant.
Food trucks are cheaper to startup, have low operation cost, have a variable location, expand your brand, and attracts more customers. It’s a driving billboard for your business at all times. Plus, you can take it anywhere (hello: weddings, parties, and events).
This is a fulfilling business idea because you get to share your passion for food with an entire community. You won’t feel stuck in one spot either.
The craft beer market is expected to almost double in size by the end of 2027. It’s hard to have a night out without being exposed to numerous new types of ales that have popped up seemingly overnight.
The process for making craft beer may be complex but if you’ve got the motivation, it can offer you incredible returns. Even by simply opening a bar that only offers local craft beers then you could see insane returns.
As mentioned before, people love supporting small. Craft beer gives people the ability to do that and enjoy themselves. It’s also very artistic in its own right like crafting the perfect cake or painting.
This is such a fun industry to be a part of. The community is becoming larger all the time and it’s filled with many like-minded individuals.
Another important factor to consider is that many people are jumping into this industry. You’ve got to get every aspect of your business right down to the bar furniture to solidify your spot.
- Hair Salon
Running your own hair salon can be a satisfying job when you’ve solidified your client base. Many clients feel that coming into the salon is a way to decompress and enjoy the conversation between each other. You might feel as if you get to spend the day with your best friends every day.
Hair has become an industry where people are willing to spend the big bucks too. Ladies are spending between $80 and $150 for hair coloring services. Trends like balayage that cost more are currently in style as well.
While you’ll have to spend a bit more to get started in owning your own hair salon, you have a lot of opportunities to make that cost up. Becoming an expert in your craft, marketing your business, having a great crew of stylists, and being good a conversation you can maximize your profits.
- Staffing Agency
Jobs are floating around out there and there are tons of people looking for them. A staffing agency helps connect the right people with the right jobs. Running a successful staffing agency helps employers and employees get the best out of the situation.
The role of the staffing agency is to screen candidates and match those qualified to the jobs. You’ll feel super satisfied in finding work for those who need it.
Your agency could operate in a particular niche sector such as construction. Or, you could create something a bit broader.
- Marketing Agency
It’s been mentioned in this article already multiple times. No business would exist without some form of marketing. So, you already know that it’s in demand.
More now than ever, we are seeing companies move away from traditional marketing to digital and SEO. The internet has completely changed that. For the first time, digital ad spending surpassed that of traditional advertising. Business owners don’t possess the knowledge anymore to do these complex tasks by themselves.
There are many services that you could choose to offer. You might also choose to open an agency that focuses on one aspect of marketing such as website creation.
Depending on the size of your agency, clients, and services you could see large returns. In addition, seeing your client’s success will bring you a ton of satisfaction.
- Event Planning
If you are good a coordinating and organizing, this may be the business for you. You’ll also need some sort of design knowledge to be able to put together aesthetically pleasing events. Weddings, parties, charity events, festivals, and more are just a few examples of events that you may be able to put together.
When a vision finally comes together, you’ll be pleased to know that people are having a good time and enjoying the fruits of your labor. Location, size, skill, experience, and complexity all have an effect on how much you could expect to make.
Business Ideas That Are Profitable
These are just a small glimpse into business ideas that are profitable. There are so many different industries and niches that you could enter into. The true way to decide on what is the best route for you is to look at what makes you feel passionate.
Remember too that originality and marketing are also vital to the success of your business. You may offer great products or services but it’s easy to be overlooked in a saturated market. Harness all of that confidence and get to it!
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