Top 10 Most Profitable Small Business Ideas

Top 10 Most Profitable Small Business Ideas – 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. These days we have to take into account COVID-19, the resulting economic recession and the turbulent political environment.

Top 10 Most Profitable Small Business Ideas

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

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An old Chinese proverb says: “When the wind of change blows, some people build walls, others windmills”.

In this strategy guide, learn about the 15 most profitable small businesses to open in 2022, along with tips on why they might be a good bet.

With most of the world isolating at home and actively avoiding going to stores and malls, it’s 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 and verified 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 always start a dropshipping e-commerce business.

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

Then, whenever you make a sale, the order will automatically be sent to your supplier, who will ship the product to your customer for you and receive a cut of the sale.

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Dropshipping must be pretty complicated to set up, right? Not. With a dropshipping tool like Oberlo, you can be up and running in minutes.

After setting up your account, you can start looking for products for sale. For example, you may decide to start a school supply business to take advantage of the increase in school openings after a long period of lockdown.

One of the disadvantages of dropshipping is that you cannot brand the products and packaging that you sell. Differentiating yourself from other online retailers can therefore be a bit more challenging.

Print-on-demand works the same way as dropshipping, except—you guessed it—your supplier will print your designs on the products you choose before shipping them to your customers.

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You can sell all kinds of products like clothing, home goods, jewelry, beach accessories and more. Check out some ideas from print-on-demand service Printful:

Again, it’s easy to get started with this small business idea. Simply sign up with Shopify and install a print-on-demand app like Printify, Printful, or teelaunch.

Many cafes that used to play host to morning mingling and lunchtime romance have closed their doors for good or turned into sidewalk queues.

In fact, coffee market research group Allegra World Coffee Portal reports that COVID-19 has killed 24 percent of the total market value of coffee shops in the U.S. over the past year.

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It’s no wonder that many people are choosing to take their daily caffeine hit into their own hands and have their coffee delivered.

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

So how can you keep your sales flowing so your inventory doesn’t run out? Try Shopify’s dropshipping app called Dripshipper. This small app allows you to sell dropshipping fresh coffee online under your own brand. (Prefer to sell without showing off? Browse our gourmet 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 potential food shortages.

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Seed supplier and Shopify user Hudson Valley Seed Co. has seen an increase in demand in online orders due to COVID-19. Jack Whettam, Hudson Valley Seed Co. sales manager, said:

“The biggest increase in interest has come from people who are taking food safety into their own hands, mostly new customers who are gardening. We usually see vegetable and flower sales split fairly evenly, although we’ve seen a lot more interest in vegetable seeds these days, especially high-calorie varieties like potatoes, corn, beans and squash.

So why not start a gardening supplies business? There are countless gardening products you could sell on Oberlo.

What’s more, landscaping and lawn care could be among the most profitable small businesses to start in 2022.

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Although many people spend more time in their gardens, not everyone has the time or inclination to do the work themselves. So if you prefer working with your hands, consider starting a landscaping and yard care business.

This can also be a safe bet. The 2020 US Landscaping Market Report found that not only is the industry growing, but there is more demand for landscaping and landscaping workers than supply.

It should come as no surprise that demand for furniture deliveries has also increased due to COVID-19 and is now one of the most profitable small businesses.

“The home furnishings business, which for decades has been in the background of travel, entertainment and other segments of the economy that rely heavily on consumers with disposable income, has unexpectedly moved into the driver’s seat in 2020. Since June 2020, the breakthrough months have been the standard for both furniture manufacturers and retailers.”

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In other words, when you’re stuck at home and can’t spend the money on a vacation, why not get a new couch, bed, or home office?

So whether you open a local vintage store or sell furniture online, you can start a furniture business to handle the surge in demand.

The COVID-19 lockdown measures and economic 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 successfully grow their business online and need someone to help them.

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You don’t even have 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 optimizing their online store and increasing their sales. Check out the Shopify Partner Program to learn more.

Many businesses also need help with digital marketing – after all, a beautiful website is no use if it doesn’t generate sales, right?

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Online advertising can be one of the most profitable small businesses. If you’re interested in playing around with analytics and copywriting, think about starting an online advertising service.

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

Likewise, as millions of people distance themselves, our social lives seem to rely more and more on social media platforms. The result is networks like Facebook, Instagram, Twitter and TikTok

So, social media management could possibly be one of the most profitable small businesses to start in 2022.

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If you are a fan of social media, you can start a social media management service to help small businesses increase their online sales. You could also provide influencer marketing services to help companies promote their products and services to specific audiences.

Check out some free online courses to learn the ropes – you can start with Oberl’s Instagram course, for example.

Then check out some of the great social media tools online to help you manage your client load, such as:

Look into using a platform like Freelancer, Fiverr, or Upwork to find clients, or join Shopify’s affiliate program.

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

In fact, according to a US market report, the professional cleaning services market is expected to grow significantly between 2021 and 2026. Thus, cleaning services may just be one of the most profitable small businesses.

Consider targeting local small businesses to clean offices, restaurants, cafes and shops. There are tons of great tutorials on YouTube to learn more.

You can also build an online store and start selling soap, hygiene products and cleaning products. Check out the wholesale cleaning products available on Handshake for ideas.

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Starting a business can be incredibly difficult – remember that half of small businesses fail within five years. That’s why it makes sense to choose the most profitable small business idea you can to give yourself the best chance of success.

Ultimately, there is no clear answer. But we can consider the winds of change in the world right now, think strategically, and look at some research to come to some conclusions.

Take the time to dig deeper into each of these highly profitable small business ideas to see if any of them feel right for you!

Thomas is a B2B 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 tomjlaw.com.

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