1. App Development
Becoming an app developer requires a low initial investment and a few resources to start up, meaning nearly anyone with a solid idea for a mobile app that’s entertaining or useful can potentially succeed. The app industry is also highly profitable, with more than $28 billion spent on apps in 2020 alone. So anyone who comes up with an idea for an app their friends and family would use can likely develop a successful small business around it.
2. Personal Training
The Personal training is another great small business idea that requires few initial resources with a high potential for success. All it requires is some pieces of equipment, maybe a gym membership with a guest pass and considerable knowledge in personal health, fitness and nutrition. Becoming a trainer requires no degree or certification, but instead client satisfaction and consistent as solid personal branding and social media skills.
3. Cleaning Service
Starting a cleaning service is also a lucrative small business idea, as residences and businesses almost always require cleaning. This necessity means there will be a steady stream of clients and revenue. Additionally, a cleaning service is a great business to start from home and expands well over time.
4. Freelance Copywriting
Becoming a freelance copywriter is another profitable business idea. All one needs is a strong writing portfolio, a good internet connection and some key knowledge in search engine optimization and best practices of content and social media platforms. As a small business with low overhead and a great degree of flexibility and creative freedom, becoming a freelance copywriter is an attractive small business idea.
5. Real Estate
Creating a real estate agency can be challenging, but also has a high potential for success. Some may want to attend courses and pass an exam to become licensed real estate agents. Others can simply purchase properties and resell them for large returns or rent for passive income. Real estate is a great small business that can easily become successful with enough dedication and smart decision-making.
6. Freelance Graphic Design
Similar to copywriters, freelance graphic designers can develop a highly successful small business based on their artistic abilities. Numerous businesses locally and online seek expert graphic designers to create logos, websites and other media that establish the look and feel of their business. With an impressive enough portfolio, nearly anyone with skills in style and visual art can potentially create a successful small graphic design business.
7. Tutoring
In line with online educational services, tutoring is a small profitable business idea as individuals and families seek assistance with continuing education, test prep and coursework help. With the wide availability of video conferencing platforms and screen-sharing programs, offering tutoring services has become a low-cost, east-to-start business. All one requires is proof of expertise within a subject and a track record of satisfied clients.
8. Landscaping
Homeowners and businesses want their outdoor spaces to heir indoor ones may not have the expertise or equipment. That’s why landscaping is another great small business one can easily start. All that’s required is an investment in proper equipment, a great degree of basic knowledge in gardening and horticulture and some simple online marketing to establish the business’s presence.
9. Home Improvement
Maintenance, repairs and installations are constants within every house. Handymen and home improvement experts can form highly-successful small businesses with a decent set of tools, a steady stream of replacement parts and a strong foundation of knowledge in repairs and installations.
10. Child Care
Fewer than one-in-three children in the U.S. has a stay-at-home parent caring for them on a full-time basis, which is what makes providing child care services another profitable business idea with a high potential for success. It requires a track record of assured parents and happy, active children and, most importantly, trustworthiness. With those elements in place, anyone can build an excellent small business, providing childcare to local families in their area.
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