20 Most Profitable Small Businesses

By | October 30, 2023

20 Most Profitable Small Businesses – In the best years, 20 percent of small businesses fail in the first year, and 50 percent fail within five years.

And let’s face it: Starting a business in 2022 isn’t as easy as it used to be. Today, we have to think about COVID-19, the resulting economic downturn, and political uncertainty.

20 Most Profitable Small Businesses

20 Most Profitable Small Businesses

However, just because the world is a little crazy right now, doesn’t mean you can’t start a successful business.

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There is an old Chinese saying, “When the winds of change blow, some people build walls, others build winds.”

In this insightful guide, you’ll learn about 15 profitable small businesses to open in 2022, along with tips on how to get financing.

At a time when many countries are staying at home and avoiding going to shops and stores, it is not surprising that e-commerce is on the rise.

For example, you can use the Shopify platform to create an e-commerce website in minutes – sign up for a free trial to get started.

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You can also use Handshake to source products from some of the best hand-picked, certified retailers in the USA.

If you don’t have the money to buy wholesale items before buying online, don’t worry. You can start a dropshipping ecommerce business.

With this small business idea, you can create an online store, add products, and then start promoting them online to make sales.

20 Most Profitable Small Businesses

So, every time you make a purchase, the order is automatically sent to your supplier, who then sends the product to your customer and takes a cut of the sale.

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Delivery is hard to resist, right? No. With a drop gear like Oberlo, you can be up and running in minutes.

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Once you’ve set up your account, you can start looking for products to buy. For example, you might decide to start a back-to-school supply store so that you can reach out when schools are open after long closings.

One of the biggest problems is that you can’t specify the products and customize what you’re buying. This makes it harder to distinguish yourself from other online shoppers.

Order-to-order works in the same way as delivery, but – you guessed it – your supplier will print your designs on the products you select before sending them to your customers.

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You can buy all kinds of products, such as clothes, home accessories, jewelry, beach accessories, and more. Check out some tips from print-on-demand service Print:

Also, this small business idea is easy to start. Just sign up for Shopify and install an in-app application, such as Printify, Printful, or teelaunch.

In the place of love for breakfast and lunch, many coffee shops have closed their doors entirely or have been reduced to lines on the street.

20 Most Profitable Small Businesses

In fact, coffee market research group Allegra World Coffee Portal estimates that COVID-19 has killed 24% of the total value of the coffee market in the US last year.

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It’s no wonder that many people have decided to take their daily coffee into their own hands and offer coffee.

The result? Coffee subscription services are one of the most profitable small businesses in 2022.

So, how can you keep the flow of sales going so your inventory doesn’t go out of stock? Check out the Shopify dropshipping app called Dripshipper. With this little app you can buy fresh coffee online under your brand. (Want to buy without showing up? Browse the foodie’s dream collection of quality coffee products from other brands).

In addition, many people started keeping chickens and growing their own vegetables and fruits to protect themselves from food shortages.

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Seed seller and Shopify manager Hudson Valley Seed Co. has seen an increase in demand for online orders due to COVID-19. Jack Whettam, marketing director of Hudson Valley Seed Co., said:

“The biggest increase in demand comes from people taking their food lives in their hands, especially early adopters in agriculture. In general, we see segmentation of selling vegetables and flowers, even now, we have seen a great interest in vegetable seeds, especially the big pocket ones like potatoes, corn, beans, squash.

So, why not start a gardening business? Oberlo has many garden products that you can buy.

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20 Most Profitable Small Businesses

Also, landscaping and landscaping may be one of the most profitable small businesses to start in 2022.

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Although many people spend a lot of time in their gardens, not everyone has the time or desire to do their own work. So, if you decide to work with your hands, consider the option to start landscaping and surveying.

This can be a sure bet, too. The 2020 report on the US landscaping market found that not only is the industry growing, but there is more demand for landscapers and landscapers available.

It’s no surprise that the furniture industry has also seen an increase in demand due to CCID-19, and is one of the few businesses benefiting right now.

“The home goods business, which for decades has been dominated by travel, leisure, and other sectors of the economy that rely heavily on affluent consumers, has suddenly been put in the driver’s seat in 2020. meant for producers and traders.”

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In other words, if you’re stuck at home and can’t afford a vacation, why not get a new bed, mattress, or office?

So, whether you open a local store that sells vintage goods or discount goods online, you can start a furniture business to ride the surge in demand.

The COVID-19 shutdowns and economic slowdown have forced many small businesses to close their doors and move their operations online.

20 Most Profitable Small Businesses

However, many small business owners do not have the skills or experience to successfully grow their business online, and need someone to help them.

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You don’t have to be an expert. If you are interested, there are many free online courses where you can learn web design.

When you’re ready, you can find web development jobs on platforms like Gun.io, Stack Overflow, or GitHub Jobs.

Also, over a million businesses using Shopify need your help to optimize their online stores and increase sales. Check out the Shopify Partner Program to learn more.

Many businesses need help with digital marketing – after all, there’s no point in having a great website if it doesn’t sell, right?

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Online marketing is one of the small businesses that can be profitable for you. If you want to do analysis and copywriting, consider starting an online marketing service.

Also, you can learn more about digital marketing from free online courses, such as those on Shopify Compass.

Also, with millions of people socializing, our social lives are increasingly dependent on social media. As a result, networks like Facebook, Instagram, Twitter, and TikTok

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20 Most Profitable Small Businesses

So, social media management may be one of the most profitable small businesses from 2022.

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If you’re a fan of social media, you can start a social media management service to help small businesses grow their online sales. You can also offer influencer marketing services to help companies promote their products and services to target audiences.

Check out some free online courses to learn how to rope – for example, you can get started with Oberlo’s Instagram course.

Then check out some great social media tools to use online to help you manage your customer service, such as:

Consider using a site like Freelancer, Fiverr, or Upwork to find clients, or join the Shopify Partner Program.

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Professional cleaning services are in demand more than ever, with families and businesses desperate to prevent the spread of COVID-19 under their roofs.

In fact, according to the US market report, the market for professional cleaning services is expected to grow between 2021 and 2026. Therefore, cleaning services can be just one of the small businesses. which is effective.

Consider focusing on local small businesses to clean offices, restaurants, cafes and shops. There are many great YouTube tutorials that you can learn from.

20 Most Profitable Small Businesses

You can also create an e-commerce store to start selling soaps, hygiene products, and cleaning products. Check out all the cleaning products available on Handshake for ideas.

Most Profitable Small Business Ideas

Starting a business can be very difficult – remember, half of small businesses fail within five years. So, it’s important to choose the best small business idea you can to give yourself the best chance at success.

In the end, there is no clear answer. However, we can think about the winds of global change now, think carefully, and look at other studies to come to some conclusions.

Take the time to dive deeper into each of these profitable small business ideas to see if any of them work for you!

Thomas is a B2B content marketing consultant and author specializing in SaaS, marketing, and digital marketing. To learn more about how Thomas can help you achieve your goals, visit his website at tomjlaw.com.

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