82 Best Business Ideas For Newbie Entrepreneurs [2020 Edition]

Sharing is caring! Last Updated on January 6, 2020 by Frank Moraes The cost of

Sharing is caring!

Last Updated on by Frank Moraes

The cost of setting up a new business has never been so low. Especially for online based businesses. Technology has made starting your own business easy, affordable and possible. All you need to start a business online is a phone, a computer, and an internet connection.

Coming up with a good business idea is often one of the hardest hurdles.

best business ideas

Ideally (and for you to succeed), your perfect business idea should consist of three things:

  1. It should be something you like doing,
  2. It should be something you are good at, and
  3. It should be something that is in demand (i.e., people would pay for).

To help get you started we’ve come up with a list of “online” and “offline” based business ideas that are easy to start, in demand, and can be profitable.

We have categorized each business ideas as follows:

Category Range Description
Business type Online or Offline Is this opportunity available in the real world or in cyberspace?
Investment Low or High cost How much money does it cost to start this business?
Earning Potential Low or High value How much can you realistically expect to earn?

We also indicate which ideas are well-suited to (1) stay-at-home moms and dads (2) college students and (3) teenagers and kids.

Getting Started Checklist and One-Page Business Plan

Once you’ve selected a business to launch, download our Getting Started Checklist and One-Page Business Plan.

These simple documents will help you prepare and launch a successful small business.

Now, let’s dive into the business ideas.

b2b services business ideas

B2B Business Services Ideas

1. Online Bookkeeping

Just like so many other professions, bookkeeping has gone online. This is great news for many bookkeepers and accountants who feel trapped in the office environment and long for more personal freedom and the ability to work during their own hours.

With easy-to-use accounting software and appointment-setting tools available, it’s never been easier to set up and manage client accounts.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

2. Business Broker

A business broker is someone who assists buyers and sellers of privately owned businesses in the buying and selling process. As such, he or she must have a good knowledge of business law and common practices in the particular industry. Business brokers are rewarded with commissions for the sales they make.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

3. Office Space Rental

Office sharing is a booming industry that’s largely driven by the needs of young entrepreneurs who are working on the next Google or Amazon.

If you already own a suitable property, then your investment costs will be negligible. However, if that’s not the case, you are looking at a substantial investment.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

4. Virtual Call Center Operator

Unlike regular call centers, virtual call centers often employ people from all parts of the world, who then do the job from their homes. You can be sitting in your dorm room and the person you are talking to could still think that he or she is talking directly with someone who is physically present in the company.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

5. Language Translation

Despite the impressive advancements of machine translation, the demand for skilled translators is still very high and will probably remain so for quite some time.

You can start looking for work on platforms such as Fiverr or Upwork and slowly build your clientele. It’s also a good idea to directly contact popular bloggers and ask them if they would consider having their blog translated into another language.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

6. Importing Electronic OEM Gadgets

If you look at top selling items on Amazon or eBay, you will probably notice that many of them are from China. The formula is fairly simple: you purchase your initial inventory, create a brand, and market and advertise your products online.

You can even use drop-shipping or Amazon fulfillment services to do the whole thing without a physical warehouse.

Business type: Online/Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

7. Online Store

Opening an online e-commerce store is just as viable a way to make a living as it was a decade ago. Yes, the completion is tougher, but you have access to a wide range of free tools that you can use to set everything up with very little effort.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

 


With a platform like Shopify, you get everything you need to create and launch an online store, including their new AI (artificial intelligence) “assistant” named Kit. Kit can handle most of your marketing for you. 

8. Affiliate Marketing

Affiliate marketers promote products of other people and earn commissions on their sales. Amazon is currently the most popular platform for affiliate marketing, but there are many alternatives as well. Affiliate marketing is often combined with blogging to create a seamless mix of content and promotion.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

9. Data Analyst Consulting

With the rise of “big data,” increasingly more companies need to make sense of heaps of information to adjust their overall business strategies. A data analyst is someone who has the technical expertise to do this, often has a background in economics, mathematics, or finance.

Data analysts who work for large, international corporations can earn more than enough money to support an extravagant lifestyles.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

10. Digital Marketing Campaign Manager

Marketing has gone digital, and it’s the job of digital marketing campaign managers to produce the best results possible.

You can start your career as a digital marketing campaign manager by studying freely available online resources and experimenting on your own.

You’ll need to understand things like advertising, SEO, landing pages, calls-to-action, and social media marketing (including using Facebook and  Facebook Live). Once you know what you are doing, try cold-calling local businesses, asking them whether they would be interested in your services.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

11. Niche Website Owner

New trends start every day, and some of them grew to be pop culture sensations. Your job as a niche website owner is to capture the market before it gets too saturated.

Creating a niche website (using WordPress) will allow you to secure your place on the very top of search engines, resulting in thousands of daily visitors. Using a tool like StudioPress can make this even easier. Blogging effectively will grow your audience.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

12. SEO Expert

Search Engine Optimization (SEO) is an absolute necessity for everyone who wants to be relevant on the web.

A capable SEO expert can turn a dying business into a prosperous operation in a matter of months. No wonder then that the best SEO professionals can earn as much as seasoned software developers.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

13. Business Incubator

The job of a business incubator is to help new companies and startups plan and launch successfully. A typical business incubator will provide clients with management training, office space, high-speed internet connectivity, gym, food catering, and other necessities.

You don’t have to think too big – a small, local incubator can the perfect place where to start.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

14. Security Services

We live in turbulent times, so it’s no surprise that the demand for security services is rising at a steady pace.

Such security services can take place either offline – home and personal security – or online.

The online side of things deals with identity theft, protection against doxxing, or general information security.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

arts media business ideas

Arts and Media Businesses

15. Self-Publishing

Some self-published authors earn as much as $1 million yearly. You can achieve the same kind of success and all you need is a few freely available tools and the ability to write a compelling book that will sell.

Of course, you don’t have to earn six figures to succeed with self-publishing. Just a few hundred extra dollars every month can go a long way.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

16. Social Media Consultant

This business is ideal for someone who knows how to use social media to obtain business objectives. You can specialize (e.g., in running Facebook ads) or you can be a generalist who can navigate LinkedIn, Snapchat stories, Twitter, and more. Social media tools make this job easier.

While some social media consultants can earn big bucks, most can only manage to earn an average wage.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

17. Content Writer

Businesses of all sizes embrace content marketing as their leading way of attracting customers and establishing their position as market leaders.

A content writer should be able to quickly digest complex topics and turn them into engaging posts that are well optimized for search engines. As such, it’s great for people who know a little bit about everything.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

18. Podcasting

Podcasting is a fantastic way how to make a few bucks on the side for anyone who deals with interesting or niche topics that are suitable for this type of format.

Do you like video games or ethnic music? Interested in startups and entrepreneurship? There are definitely plenty of people just like you, who would look forward to hearing your show on their way to work or school.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

19. Blogging

Blogging is alive and thriving in 2019. It’s still free to get started, but be patient: it will take a while to get exposure and grow your audience. These days, the competition is fierce. There are over a billion websites and blogs, and over 200 million are active. A good knowledge of SEO is essential, as is creating excellent content.

Top bloggers can earn high six figures despite working only 20 or so hours every week.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

20. YouTube Stardom

Who hasn’t heard about PewDiePie, the biggest YouTube star with over 46 million subscribers? His journey to stardom started in his room with a humble webcam and one simple Let’s Play video, which he does to this day.

Beyond live game streaming, there are still vast, unexplored seas filled with opportunities for anyone on YouTube who dares to go after them.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

21. Handmade Goods

If you are a crafty person, you should take a look at Etsy, the largest online market for homemade and vintage goods.

You will find an amazing mix of leather wallets, lamps made from river wood, unique hand-printed t-shirts, jewelry, organic soup, and countless other things. Top sellers often expand beyond the platform, creating their own brands and opening stores across the globe. Also look at platforms like Shopify and BigCommerce. And realize you can sell your products on more than one site.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

22. Antique Refurbishment

If you like working with wood and beautiful, valuable objects in general but don’t have the creative talent to create your own, antique refurbishing could be your ticket to success.

Depending on what exactly you do, you don’t need to invest a lot of money to get started, but you will need to travel across the country to get the best pieces you can.

Business type: Offline

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

23. WordPress Themes

Are you a web developer or designer who earns for passive income? If so, creating WordPress themes might be the right path for you. You can sell your themes on websites like Envato.

Once your theme is finished, you will still need to provide customers with ongoing support and work on updates, but you can do so when you please.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

24. Makeup Artist

This profession is one of the few that you can start working on in your bedroom and end up on the set of a Hollywood movie just a few years down the road.

What’s more, makeup artists can take advantage of platforms such as YouTube and make their content visible to billions of people from all over the world.

Business type: Online/Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

25. Image Consultant

You are probably wondering who needs an image consultant. Many companies and individuals rely on their image, making it worthwhile to hire someone to manage it.

The best image consultants are people with a proven track record of success and inside knowledge of the particular industry.

Business type: Online/Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

26. E-Magazine

These days it’s very easy to start an e-magazine; you can outsource everything online and act as the chief editor.

The subscription model allows you to know exactly how much money you will make the next month, and the global nature of the web gives you a very large audience to target.

Business type: Online

Investment: High cost ⬆︎

Potential: High value ⬆︎

27. Drone Videographer

If you like piloting drones, perhaps you should consider working as a drone videographer. You get to go to interesting places, meet cool people, and eventually develop a portfolio that could land you a job in Hollywood.

Professional drones are very expensive, but you can start small with a mid-sized drone and a GoPro camera and go from there.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

 

Video: There are plenty of online resources for learning about drones.

28. Graphic Design Artist

A graphic designer may create digital or print design work, like website design and print layouts. Many designers work small jobs (like logo design) on gig websites like Upwork. Competition can be fierce.

You can expect to make anywhere from $15/hour to $300/hour. Developing an impressive portfolio can help you earn more.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

29. Subscription Service Owner

The main advantage of the subscription model is its predictable nature.

As the number of your subscribers rises, you will know exactly how much you can expect to earn every month.

The largest subscription services in the world are well-oiled machines that generate hundreds of thousands of dollars in revenue.

Business type: Online

Investment: High cost ⬆︎

Potential: High value ⬆︎

education business ideas

Education-Related Business Opportunities

30. Language Teacher

For a long time, language teaching has been the go-to way of making money on the side for students and even full-time high-school or university teachers. Now, with Skype and ubiquitous internet access, everyone can start teaching languages from the comfort of his or her home.

You don’t even have to know any foreign languages yourself – there are many advanced learners who are happy to just practice their conversation skills.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

31. Online Teaching

The success of Khan Academy, a non-profit educational organization created in 2006 by educator Salman “Sal” Khan, has proved the effectiveness of online teaching and paved the way for talented educators and their students.

You can sell your expertise as video content on YouTube, or create your own website and charge your students on an hourly basis for Skype lessons.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

32. Online Course Creator

One of the most popular platforms where people can access massive open online courses (MOOCs), Coursera, has more than 15 million users, who are hungry for knowledge. Such online courses go far beyond the traditional high-school curriculum.

If you have any skill at all that you think people might be interested in, there’s nothing stopping you from giving it a go. All it takes is a web camera, capture software, and basic editing skills.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

hospitality food business ideas

Hospitality and Food Services Business Ideas

33. Hostel Owner

With services like Airbnb, everyone can turn their house, garage, or just a single room into a unique accommodation for tourists and travelers from all around the world.

The platform will take care of the initial exposure and will provide a way for owners and clients how to conveniently communicate. If you happen to own a house in a very attractive destination, you can even expect to earn good money.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

34. Event Planner

The internet has enabled people to connect with like-minded individuals from across the globe, creating the perfect opportunity for event planners.

An event planner uses his or her organizational skills to organize an event like a wedding or a trade show. Money can then be made from entrance fees, sponsorships, on-premise sales to attendees, and other things.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

35. Food Truck

Do you like to cook and always like coming up with new, creative ideas? Then opening a food truck might be just for you.

But even if you can hardly make a tea, you can still get in the business. Simply hire other people to what you can’t or are not willing to do yourself and become the brain of the operation.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

36. Catering Business

These days, starting a catering business is all about finding the right niche. You can specialize in any type of food you like, any type of clients, and any type of venues.

Perhaps you would like to cater to young professionals who want to organize networking events, or you would like to be known as the go-to caterer for child parties – there’s nothing stopping you.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

37. Craft Beer Brewing

Producing small amounts of beer has recently turned into a popular hobby and fantastic business opportunity.

You will need to invest in equipment, acquire the necessary knowledge, and possibly even employ a handful of people to help you with the entire operation. But seeing the finished product being served to customers in your favorite pub will be a wonderful reward.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

38. Espresso Cart

Your first espresso cart could be a start of a much larger business. The key is to not actually spend your time selling the coffee and, instead, employing someone else to do the job.

You can then focus on growing your fleet of espresso carts and moving the business in the right direction.

Business type: Online / Offline

Investment: High cost ⬆︎

Potential: Low value ⬇︎

39. Gluten-Free Bakery

Just like a regular bakery only gluten-free! While a very small home bakery won’t cost you that much, a larger commercial operation is not cheap.

Luckily, you can often get the necessary equipment for a much better price, if you search for used commercial machines online. Learn how to use blogging to increase awareness of your business and grow revenue.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

40. Organic Vending Machines

Vending machines are not exactly in vogue, but there’s still one niche that could end up being extremely profitable: organic vending machines. Where else can you get your favorite granola bar at any time of the day?

This business is most suitable for high-traffic areas in affluent parts of larger cities.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

41. Guided Tours

Are you situated in a popular tourist destination? If so, you may consider yourself lucky.

Starting a guided tours business can be a growth opportunity. You can use it to make extra money during the summer, or it can be the start of a much larger business that employs other people to work as guides. Consider setting up a website that enables people to book tours online.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

42. Organic Food Catering

Organic food catering is such a popular and lucrative niche in the catering business that it deserves to be mentioned on its own.

You should establish close ties with local farmers to ensure a steady supply of organic products. Then it’s just about acquiring the right equipment and marketing your services.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

43. Organic Café

Being an owner of a small café definitely sounds like a wonderful experience. In fact, the only thing that sounds even better is being an owner of an organic café.

The main advantage of organic cafés is that you can charge premium prices for the items on your menu.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

technology small business ideasTechnology Business Ideas

44. Mobile App Developer

Mobile applications are more popular than ever, and people are willing to pay good money for ways to manage their lives from their smartphones.

If you have a great idea and know how to code (or learn to code), you can run with it and create your app yourself.

If you just have an idea, there are plenty of software developers looking to collaborate with people on app creation.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

45. Custom Drone Builder

After a teenager won $250,000 by piloting his drone to victory on Dubai’s World Drone Prix, the frills global drone-racing event in history, it’s clear that this new sport will be huge in the future.

And because professional drone racers need professional custom-built drones, now is the perfect time to establish your name as a custom drone builder.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

46. VR/AR App Developer

The virtual reality software market is expected to reach $24.5 billion dollars in revenue by 2020. A good chunk of that revenue could be in your pocket.

All you have to do is learn how to develop immersive VR and AR experiences. The internet is full of resources and communities of like-minded people to help you along the way.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

 

Video: Get an introduction to virtual reality by creating a VR app for Android in 7 minutes.

47. IoT Service Provider

Likewise, the Internet of Things (IoT) is expanding at a rapid rate, and it appears that soon every device will be connected to the cloud. Businesses and organizations of all sizes will need someone to provide them with the necessary infrastructure, hardware sensors, and continuous support.

Business type: Online

Investment: High cost ⬆︎

Potential: High value ⬆︎

48. VR Arcade Owner

The very first batch of VR arcades is just starting to pop up in some of the world’s largest cities.

Virtual reality is the perfect fit for arcades and could really bring a new life to this dying business. The technology is still not 100% there, but it probably will be soon.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

49. Indoor Drone Racing

Drone racing is expected to be a multi-million-dollar sport within the next few years.

If you have a suitable indoor venue where you could let people practice their flying skills or host races, you should definitely consider giving this business a try. Additional income could be made from posting the footage online.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

50. Electric Charging Station Provider

Electric vehicles are the future of transportation and electric vehicle charging stations are the backbone of this revolution.

If you own a highly frequented property, you might consider installing a charger and offering it to EV drivers for a small fee.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

51. Energy Auditor

Green energy solutions can lead to dramatic savings, allowing some people to completely drop from the grid.

As an energy auditor, you will help businesses and individual home and apartment owners find ways how they could decrease their energy footprint and decrease their monthly bills.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

52. 3D Printing Services

3D printing is taking the world by storm, and you can be part of this revolution if you just invest into a high-quality 3D printer and offer it to other people.

They will simply send you their projects for you to print and then come to pick them up or have them send to them in a box.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

zmorph 3d printer
If you’re experienced in a variety of software platforms, you’ll likely pick up 3D printing without serious challenges. (Photo by ZMorph Multitool 3D Printer on Unsplash via license.)

53. E-Bike Repair Services

E-bikes are finally starting to become affordable for the average consumer. But most traditional bike shops lack the necessary expertise that would allow them to service the often complex electronic components found inside.

If you feel up to the task, this could be a tremendous opportunity to become the biggest player in your local area.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

54. Web Developer

As long as there will be a web, there will be a need for web developers.

Modern web development requires much more than just mastering HTML with CSS and, perhaps, learning PHP or JavaScript. Any web developer who wants to be competitive must become familiar with various frameworks, supporting technologies, and trends. Taking low-cost online courses is a good place to start.

Business type: Online

Investment: Low cost ⬇︎

Potential: High value ⬆︎

55. SaaS Business Owner

Software-as-a-Service is a business model in which software is licensed on a subscription basis and is centrally hosted.

It has the advantage of predictable monthly revenue and complete control over the entire project. It takes time, skill, and effort to develop SaaS software.

Business type: Online

Investment: High cost ⬆︎

Potential: High value ⬆︎

56. Smart Home Contractor

Modern smart home solutions can do everything from remotely controlling light bulbs in your house to your air-conditioning to a health-monitoring application in your smartphone.

Because the possibilities are virtually endless, it takes someone who understands the industry to come up with the best solutions possible.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

personal services business ideasPersonal Services Business Ideas

57. Barbershop Owner

Today’s booming barbershops are sumptuous man lairs that offer whiskey, beer, or a head massage along with the typical cut, style, and shave. Only experienced barbers should consider opening a barbershop.

The median barbershop owner salary is the same as the median barber salary: around $30,000/year. Owners who also barber can expect to make more. Barber websites should include a way for customers to book appointments online.

Business type: Offline

Investment: High cost⬆︎

Potential: Low value ⬇︎

58. Dog Walker

A dog walker is a profession that involves a person walking with a dog, usually from the dog’s home and then returning the dog back to its home.

A dog walker can either be an individual or be part of a business like Rover. He or she will be paid by the dog owner to walk their dog or dogs for them.

Business type: Offline

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

59. Career Coaching

The millennial generation faces a much tougher job market than any generation before. There’s no doubt that many will feel clueless about which direction they should take to maximize their chances of having a bright future ahead of them.

A career coach can do his or her work either from an office or via the internet.

Business type: Online / Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

60. Personal Shopper

Shopping for groceries, clothes, or electronic goods can eat up a lot of time very quickly. A personal shopper can help busy people reclaim this time in exchange for a small fee.

A personal shopper can be someone who goes to stores in person, or it can be someone gives online recommendations about which product the client should buy.

Business type: Offline/Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

61. Virtual Assistant

The umbrella term “virtual assistant” refers to anyone who is paid to do a job of another person.

Let’s say that somebody runs an online store. That person might need occasional help with getting through customers’ correspondence and questions.

A virtual assistant works on an hourly basis and often serves multiple clients at the same time. The obvious limitation of this business is time itself.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

62. Uber or Lyft Driver

Anyone who considers himself or herself to be a good driver can sign up with Uber or Lyft and make a good living driving people around the town.

While working as an Uber driver may not sound like an exciting career, it’s certainly a great way to put food on the table when you find yourself in between jobs.

Business type: Offline

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

become-uber-driver
Enjoy driving? With Uber or Lyft you can put your vehicle to work driving locals or tourists around. (Photo by Alejandro Salinas on Unsplash via license.)

63. Mobile Laundry

Mobile laundry services can be the ideal extension of an existing laundry business. Anyone else will have to deal with high investment costs and relatively low returns.

In this day and age, it’s paramount to make the entire service as convenient as possible, which often means creating mobile applications and a website where customers can schedule deliveries and pickups.

Business type: Offline

Investment: High cost ⬆︎

Potential: Low value ⬇︎

64. Mobile Pet Grooming

As more and more people are postponing the decision to have children, they turn their attention to their pets.

Many owners are willing to pay as much as several hundreds of dollars to give their beloved pets a makeover. Be sure to set up a website that enables visitors to book appointments online.

Business type: Offline

Investment: High cost ⬆︎

Potential: Low value ⬇︎

65. Fitness Instructor

Whether it’s because people fail to adhere to a strict fitness regimen or because new fad diets and fitness movements are cropping up on a regular basis, the demand for fitness instructors is always high.

Modern fitness instructors should definitely consider exploring the online space and, perhaps, recording a series of educational videos and posting them online.

Not only is this a fantastic marketing strategy, but it’s also a viable way to generate additional income.

Business type: Offline/Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

66. Anti-Aging Spa

The quest for eternal youth is as old as the hills. Modern technology gives us new options to prolong our good looks and keep health problems at bay.

A good anti-aging spa will require a substantial investment and constant maintenance. The upside is that it will attract clients who have money to spare.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

67. Decluttering Services

With the tremendous success of The Life-Changing Magic of Tidying Up from Marie Kondo, there has been a surge in demand for decluttering services.

People are in dire need to get rid of useless things that cause them an emotional burden.

This business is far from being just a cleaning service in disguise. More often than not, people will be unwilling to give up even what’s clearly just trash, so you must have a good understanding of human psychology as well.

Business type: Offline

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

68. Green Cleaning Services

The only thing that differentiates green cleaning services from regular cleaning services is the type of products used for the actual cleaning. But this simple thing can turn the otherwise unattractive businesses into something highly desirable.

People in upscale neighborhoods are willing to pay a lot of extra money just to know they are helping to preserve the environment.

Business type: Offline

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

69. Beard Care Products

Beards are still a thing and they will probably remain to be for some time.

You can start your own beard care brand with just a few cheap ingredients that you can buy online. When you manage to make a good product, all you need to do is take care of its marketing and bulk manufacturing.

Business type: Online/Offline

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

70. Tattoo Studio

Talented individuals can make a small fortune by opening their own tattoo studio and establishing themselves in the industry.

Some people are willing to travel across the world to have a tattoo from the artist they love. A substantial initial investment will be necessary. You’ll want to have a website that enables individuals to book appointments online. Be sure to engage in foreseeable risk management. You’ll need a deep understanding of how to prevent health risks associated with poorly executed tattoos and body piercings. Explore liability insurance and consider forming an LLC.

Business type: Offline

Investment: High cost ⬆︎

Potential: Low value ⬇︎

71. Pet Daycare

If you love animals and have enough room to spare in your house, you can start a pet daycare.

There’s not much to it: pet owners leave you their animals whenever they have to go out for a longer time, and your job is to provide them with everything they need and ensure that they will be happy.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

72. Pick & Drop Services

Pick and drop service is another type of business that combines modern technology with our constant need for more time.

It usually starts with a platform that automatically pairs clients with suitable pickers. From there, it’s all about completing assignments as you receive them.

Business type: Online

Investment: Low cost ⬇︎

Potential: Low value ⬇︎

73. CrossFit Gym

Opening any kind of gym can be a fantastic business, but CrossFit gyms are what’s currently “in” the most.

Compared to traditional gyms, CrossFit gyms don’t require often overly expensive machines, as you get by with a high-quality set of barbells and squat racks.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

74. Child Care Provider

Even though you can start a childcare service from your home, you should still prepare for a large investment.

If you live in a large city, you should definitely consider catering to a niche group of parents and charging premium prices for your services.

You could focus only on children with specific allergies or serve only organic food.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

75. Solar Contractor

People are embracing solar energy and are even using it to become completely self-sufficient. Solar contractors help realize complex solar projects by supplying suitable equipment and ensuring that everything will be properly installed.

Background in electrical engineering is definitely recommended.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

76. Sustainable Landscaping

Sustainable landscaping uses strategies to avoid negative environmental problems like excess stormwater run-off, drinking water pollution, and invasive species propagation.

Sustainable landscapes often feature shade structures and bike racks made from recycled materials, wireless irrigation systems, native grasses, and large, open areas for sport and leisure.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

healthcare business ideas

Healthcare Business Ideas

77. Medical Courier Service

This low-cost startup is an attractive option for those who are organized, responsible, and have a reliable vehicle. Medical couriers may deliver equipment, lab specimens, prescription drugs, documents or even organs.

Couriers make an average of $36 an hour or over $70,000 a year. You can start as a sole driver and then expand by hiring other drivers. Consider forming an LLC.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

78. Mobile Medical App Developer

This is an opportunity for app developers with close ties to the healthcare industry and a knowledge of how it’s being shaped by AI and machine learning. Medical apps use monitoring, tracking, and rewards to improve user health.

App development costs can range widely: expect it to cost from $5,000 – $50,000. Beware: getting users to download and use apps can be challenging.

Business type: Online

Investment: High cost ⬆︎

Potential: Low value ⬇︎

79. Acupuncture Business

An acupuncturist can expect to make anywhere from $45,000 – $100,000 per year, depending on experience.

If you are already trained in acupuncture and choose to start your business by renting a room at a community acupuncture clinic, your startup costs should be low.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

80. Mobile Hearing Aid Specialist

With this business you can serve seniors in their homes, conducting hearing tests and providing them with the appropriate hearing aids. You may serve the bridge between one or more audiologists or health centers and local clients.

The median salary for a hearing aid specialist is $50,000. Check your local state for licensure or certification requirements.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

81. Respite Care For Baby Boomers

This business provides planned temporary relief to adult caregivers of elderly parents. This non-medical work may entail a few hours a week of assistance or stepping in while the caregiver takes a vacation.

Individual providers of respite care can expect to earn between $20 – $40/hour or an average of $54,000/year. You can start the business as a solo provider then expand it into a highly profitable venture.

Business type: Offline

Investment: Low cost ⬇︎

Potential: High value ⬆︎

82. Growing Medical Marijuana

If you live a state or country where medical marijuana is legal, you can consider starting your own growing operation.

The initial setup can be costly, but it’s relatively smooth sailing after that.

Your days will be spent taking care of a wonderful plant and helping people improve their health and well-being in general.

Business type: Offline

Investment: High cost ⬆︎

Potential: High value ⬆︎

Conclusion

No matter what type of business (online or offline) you would like to start or how much money you have to invest, we are sure that, at least, a few ideas from our list will match your criteria.

Just remember that the idea alone is not enough. It takes hard work. You have to show passion, persistence, and dedication to overcome all challenges as they arise. If you do, there’s nothing that can stop you from joining the ranks of successful entrepreneurs and business people from all around the world.

Do you have a great idea for a business? Have we missed anything? Let us know via the comments here below.

 

Resources For Starting Your Business

How to Start a Business for Under $100

How to Build Your Own Startup Business the Easy Way

Small Business Financing: What’s Available For You?

Appendix: Business Ideas Categorized

Below we’ve groups the business ideas described in this article under the categories of:

  • Low-cost or no-cost ideas
  • Ideas for stay-at-home parents
  • Ideas for college students
  • Ideas for teens and kids

List of Low-Cost or No-Cost Business Ideas

All of the low investment or no investment business ideas included in this article are organized here for easy comparison. They are linked to their descriptions above.

List of Online Business Ideas For Stay-at-Home Moms or Dads

We’ve taken all of the business ideas included in this article and generated this list of the ones that are particularly suitable for stay-at-home parents.

Some of these home-based businesses, like data analyst consultancy, require a background in the field. But most of these ideas do not. For example, you can teach yourself SEO, 3D printing, and how to run an online store.

List of Business Ideas For College Students

Here we’ve pulled together a list of those business ideas that are attractive for college students. Like the list above, some — like app developer — require previous experience. But many do not.

List of Business Ideas for Kids and Teens

Kids and teenagers have more options than ever for launching their own business given the prevalence of internet technologies and online learning.

Remember that 17-year old girl who created a million-dollar website? Then there’s the 7-year old who makes $11 million a year on his YouTube channel.

You might not become a multi-millionaire, but you can certainly earn income and grow your revenue.

 

Bookmark our site for tips on planning your business, funding it, marketing it, and managing it.


Contributing editor: Sherrie Gossett

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