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There are a lot of business out there, but some are becoming more resourceful than the rest. Here are some examples
- Mobile Businesses
If the pandemic has shown us anything, it’s that working remotely is the wave of the future. That’s why mobile businesses are quickly becoming one of the most profitable and trending small businesses in 2019. If you can provide a service or perform a skill that is able to be performed from any location, take your business from in-house to on wheels and start traveling to your customers.
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The 12 Most Profitable Small Businesses [2021]
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This post was originally published on June 3, 2019. It has been updated with new information about the most profitable businesses, and even more high-potential business ideas.
Not all businesses are created equal in terms of profitability. Although you have an endless amount of directions to take as an entrepreneur, you will want to invest in starting a small business that is lucrative both this year and in the future.
With technology constantly evolving, and the COVID-19 pandemic changing the landscape, there are plenty of new opportunities. So what businesses make the most money?
Here Are The 7 Most Profitable Small Businesses In 2019:
- Mobile Businesses
If the pandemic has shown us anything, it’s that working remotely is the wave of the future. That’s why mobile businesses are quickly becoming one of the most profitable and trending small businesses in 2019. If you can provide a service or perform a skill that is able to be performed from any location, take your business from in-house to on wheels and start traveling to your customers.
There are several benefits associated with launching a mobile business and conducting services from anywhere. Not only does it increase your opportunity to earn revenue from any town or state, but it also enables you to work on your own terms.
In addition to personal advantages like flexible scheduling and more lucrative opportunities, mobile businesses are in-demand from consumers. With an increase in online ordering and service delivery, becoming a “business on wheels” will enable you to better serve your current and potential customers.
Some examples of profitable mobile businesses include food trucks, repair services (car, phone, plumbing, etc.), IT, and personal training. - Business-To-Business (B2B) Services
Business-to-business services, also referred to as B2B services, are becoming increasingly more popular as time goes on. B2B services can be performed on a freelance basis or as an incorporated business.
There are many types of B2B services you can offer in an effort to save businesses money and increase efficiency. Marketing services include digital marketing, content marketing, social media management, ad management, graphic design, website development, and search engine optimization (SEO). Other B2B services that automate day-to-day operations are payroll, bookkeeping, accounting, tax preparation, and consulting.
- “Sharing” Businesses
“Sharing” businesses are trending now more than ever before thanks to increased interest in environmental concern, minimalism, and the economy. “Sharing” businesses have entered the homes, businesses, and lives of millions of people across the world.
There are companies launching in the personal wellness, fashion, and home improvement spaces every day. Depending on your interests and which business model you would be best suited for, starting a small business in today’s sharing economy would be an extremely profitable business idea.
- Child-Oriented Businesses
Do you have a passion for improving the lives of children and their parents? With a major baby boom over the last two years, child-oriented businesses are guaranteed to see profit this year.
Child-oriented businesses range from doulas and post-pregnancy caretakers to childcare organizations and entertainment services for kids. Depending on your skill set and business goals, you can take this opportunity to earn money by combining your love for caretaking and interest in tech, gaming, and/or healthcare. - Real Estate Services
According to Forbes, real estate leasors were one of the top most profitable businesses of 2017 — and this still rings true in 2019.
Depending on your state, leasing real estate agents may not require a real estate license as long as they work under a licensed broker. However, if you aspire to launch a full-service real estate business, you will need to acquire your license, a set of business cards, and a strong marketing strategy. - Virtual Reality (VR) Businesses
Virtual reality (VR) is biggest technological advances to hit homes and theaters in recent years. From video game headsets to interactive home setups, the opportunities to incorporate VR into your everyday lifestyle (and business) are limitless.
With the pandemic limiting entertainment possibilities outside the home, there’s never been a better time to break into the industry.
There are many ways to start a VR business in 2019, like 3D movies, office team-building exercises, meditation, training, and gaming. All of these options can either be mobile on wheels or in a set location. No matter where your VR small business is located, you will be sure to attract a strong interest in people of all ages and levels of technology experience. - Personal Services
If you are active in the digital space, then you are likely well aware that personal services are taking the world by storm. Wellness, health, fitness, and pet-related services are some of the most popular and profitable personal small business ventures. Start-up costs can be as low as $0 and generate thousands of dollars of revenue in no time. - Open an eCommerce Website (Or Dropshipping)
eCommerce was already a rapidly growing industry. During the pandemic, consumer shopping patterns shifted towards the internet even more. Between April and June, eCommerce spending increased by 44%, according to Digital Commerce 360.
- Mobile Businesses
