The Most Profitable Small Business – 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 must consider COVID-19, the outcome of the recession, and the complicated political landscape.
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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 proverb that says: “When the wind of change blows, some people build walls, others building the wind.”
In this strategy guide, you’ll learn about the 15 most profitable small businesses to open in 2022, along with tips on why they might be a good bet.
When most of the world is isolated at home and avoids going to shops and malls, it is no wonder 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 wholesalers in the US.
If you don’t have the money to buy wholesale inventory in advance to sell online, don’t worry. You can start a dropshipping e-commerce business at any time.
With this small business idea, you can create an online store, add products, and then start marketing them online to generate sales.
Then, whenever you make a sale, the order will be automatically forwarded to your supplier, who will deliver the product to your customer and receive a share of their sale.
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Dropshipping must be very complicated to set up, right? No. With dropshipping tools like Oberlo, you can be up and running in minutes.
Once you have set up your account, you can start looking for products to sell. For example, you may decide to start a back-to-school store to take advantage of the rush of school reopening after a long period of closure.
One of the disadvantages of dropshipping is that you cannot brand the products and packaging that you sell. This can make it very challenging to differentiate yourself from other online sellers.
Print on demand works the same way as dropshipping, except that – you guessed it – your supplier will print your design on the product of your choice before shipping it to your customer.
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You can sell all kinds of products, such as clothes, home appliances, jewelry, Beach wedding, and more. Check out some ideas from print-on-demand service Printful:
Again, this small business idea is easy to start. Just sign up for Shopifi and install a print-on-demand app, such as Printifi, Printful or teelaunch.
When going home to socialize in the morning and at noon, many cafes have closed their doors for good. Or being reduced to a row on the side of the road.
In fact, coffee market research group Allegra World Coffee Portal reported that COVID-19 killed 24 percent of the total market value of US coffee shops last year.
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It’s no wonder that many people have decided to take their daily caffeine into their own hands and have coffee delivered to them.
Result? Coffee subscription services can be the most profitable small business in 2022.
So how can you maintain sales so your inventory doesn’t drop? Check out the Shopify dropshipping app called Dripshipper. This small app allows you to sell fresh coffee online under your own brand. (Preferring to sell without showing? Check out our Dream Collection for high-quality coffee products from other brands).
In addition, many people started raising chickens and growing their own vegetables and fruits to protect themselves from food shortages.
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Seed supplier and Shopify user Hudson Valley Seed Co. Notice the increased demand for online orders due to COVID-19. Jack Wettam, sales manager for Hudson Valley Seed Co., said:
“The biggest increase in interest comes from people taking food safety into their own hands, mainly first-time gardeners. Usually we see the sale of vegetables and flowers evenly divided, although now we have seen a lot of interest in vegetable seeds, especially high-calorie varieties such as potatoes, corn, beans and courgettes.
So why not start a garden supply business? There are countless garden products that you can sell in Oberl.
Also, landscaping and lawn care can be the most profitable small business to start in 2022.
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Although many people spend time in their garden, not everyone has the time or inclination to do their own work. So, if you want to work with your hands, consider starting a garden and yard care business.
This may be a safe bet. The US Landscaping Market Report 2020 finds that not only is there industry growth, but there is also more demand for landscape and maintenance workers than supply.
It should come as no surprise that furniture stocks are still in high demand due to COVID-19 and are currently one of the most profitable small businesses.
“The home furnishing business, which for decades has been at the core of travel, entertainment and other parts of the economy based on high-income consumers, has been unexpectedly thrust into the driver’s seat in 2020. By June 2020, a record month. Outages are the norm and for furniture manufacturers and retailers.”
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In other words, when you’re stuck at home and can’t spend money on a vacation, why not get a new sofa, bed, or home office setup?
So, whether you open a local store selling vintage pieces or online furniture, you can start a furniture business to meet the growing demand.
Lockdown measures due to COVID-19 and the recession have forced many small businesses to close their doors and move their operations online.
However, many small business owners do not have the skills or knowledge to succeed in their business online and need someone to help them.
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You don’t need to be an expert. If you are interested, there are many free online courses that you can use to learn web design.
When you’re ready, you can find web development jobs on platforms like Gun.io, Stack Overflow, or GitHub Jobs.
Plus, there are over a million businesses using Shopify that need your help to optimize their online stores and increase sales. Check out the Shopify Affiliate Program to learn more.
Many businesses still need help with digital marketing – after all, there’s no use having a beautiful website if it doesn’t generate sales, right?
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Online advertising can be one of the most profitable small businesses to own. If you are interested in analysis and copywriting, consider starting an online advertising service.
Again, you can learn more about digital marketing from free online courses, such as the one at Shopifi Compass.
Similarly, with millions of people socially distanced, our social lives seem increasingly dependent on social media platforms. So, networks like Facebook, Instagram, Twitter and TikTok are
So, perhaps social media management could be one of the most profitable small businesses to start in 2022.
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If you are a social media buff, you can start a social media management service to help small businesses increase their online sales. You can also provide influencer marketing services to help companies promote their products and services to specific audiences.
Check out some free online courses to learn what it’s all about – for example, you can start with Oberl’s Instagram course.
Then check out some great online social media tools to help you manage your customers’ business, such as:
Consider using platforms like Freelancer, Fiverr, or Upwork to find clients, or join the Shopify Affiliate Program.
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Professional cleaning services are in demand more than ever, and families and businesses are desperate to prevent the spread of COVID-19 under their roofs.
In fact, according to the US market report, the professional cleaning services market is expected to grow significantly between 2021 and 2026. Therefore, cleaning services may just be one of the most profitable small businesses to own.
Consider targeting local small businesses to clean offices, restaurants, cafes and shops. There are many great YouTube tutorials that you can use to learn more.
You can also create an e-commerce store to start selling soap, sanitary products and cleaning products. Check out the wholesale cleaning products available at Handshake for ideas.
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Starting a business can be incredibly challenging – remember that half of small businesses fail within five years. So it makes sense to pick the most profitable small business ideas you can to give yourself the best chance of success.
In the end, there is no clear answer. However, now we can consider the winds of change in the world, think strategically and look at some research to draw some conclusions.
Take some time to delve into these highly profitable small business ideas to find out which one seems right for you!
Thomas is a B2B content marketing consultant and writer specializing in SaaS, e-commerce and digital marketing. To learn more about how Thomas can help you achieve your goals, visit his website at tomjlav.com.
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