1.Exporting and Importing
As we live in an increasingly global marketplace, an importing/exporting business can be extremely profitable and fairly easy to start if you’re aware of regulations and global markets. Anything from produce to vehicles to clothing can be a successful .
2. Legal Services
There will always be a need for legal services, which includes everything from lawyers, notaries, title search agents, and settlement officers. Legal services aren’t cheap, which is great when you’re the business owner, and operating costs are typically low. And, if you excel at your job, you’ll have a steady stream of recurring clients.
3. Mobile Restaurant/Food Delivery
This industry has been booming the last couple of years as customers are looking for affordable and quality food while on the go or delivered to their home or office. For those who have always wanted to start their own restaurant, this is a more profitable business since it eliminates the high cost of starting and maintaining a restaurant. FYI,
the average food truck can generate close to $300,000 in one year .
4. eCommerce Website
As mentioned previously, we live in a global marketplace where you can purchase goods or services from anywhere in the world. Add to that fact the low-cost of building an online storefront the decreasing cost of transaction rates, and you can easily see why eCommerce websites are thriving. Pixpa’s e-commerce store builder gives you everything you need to sell online.
5. Web Design Agency
Having a website isn’t a luxury anymore. It’s a necessity. While there are plenty of free website templates, organizations still want a website that fits their brand – which is why they’re willing to invest in a web designer. If you really want to make some cash, though, consider targeting emerging markets where the competition isn’t as high, but the demand is steadily growing.
6.YouTuber/Instagram Celebrity
You’ve probably heard of social media stars like PewDiePie, who raked in $15 million in 2016, and Instagram celebrity Jen Selter. Through these social media channels, these individuals have been able to earn a large gathering of fans, which in turn has lead to them becoming influencers. As influencers, they can make money from ad space or endorsement deals.
7. Franchise Ownership
As I mentioned in an article for
Entrepreneur , one of the most overlooked, and profitable, business ideas is by purchasing a franchise like Jimmy John’s, Anytime Fitness, or MaidPro. Unlike starting from scratch, you already have a proven, brand-name business with all of the research and customer-base built-in.
