Best Business Ideas for Making Money

51 51.

  • Start-up costs: $6,500+
  • Earning Potential: As High as $78,000
  • Management Consulting is a broad term. You can make it whatever you want, depending on market, niche and client needs. Some examples of niche focuses include government compliance, new technology introduction, and strategic planning. This industry offers a wide range of services, including marketing and strategic planning. Find the right audience for your problem solving expertise by examining what you know.

52. Mobile Hair Salon

  • Start-up costs: $1,300+
  • Earning Potential: As High as $65,000
  • Mobile technology is a common trend in the world. It’s why we brought the idea of hair salon and automotive detailing to the streets. People expect greater conveniences. This includes the ability to bring the service directly to their doorstep. The startup costs can run up to $1,300 depending on the quality and age of the vehicle and how it is built. However, the payoff can be attractive. To be able to offer cosmetology services, you will need to complete professional training. You can click below to learn more about cutting-edge marketing strategies for your mobile or stationary hair salon.
  • Similar: Top 17 Hair Salon Advertising Ideas (& How To Implement Them), and Hair Salon insurance

53. 53.

  • Startup costs: $2,000+
  • Earning Potential: As High as $26,000
  • It is almost entirely dependent on whether you require a van or truck to start a moving business. The startup costs will be higher if you need a van or truck. The equipment costs for those who already own a vehicle are minimal. Your company will undoubtedly be responsible for valuable assets. You should look into local options for insurance and bonding, as well as workers’ compensation insurance. This is important if your business is to succeed.
  • Similar: 15 Top Franchises

Did you know:

Success in the moving industry is usually defined by economic wellbeing. The economy is expected to grow at an annual rate of 4.8% from now through 2025.

54 54.

  • Startup costs: $650+
  • Earning Potential: As High as $52,000
  • You can also do the packing and unpacking if the vehicle and full-service moving company are not in your budget. Startup costs of about $2,000. This includes the cost of dollies, ropes and elastic cords, furniture belts, tape, boxes, bubble wrap, and tools.

55 Wallpapering / Interior painting

  • Start-up costs: $2,600+
  • Earning Potential: As High as $65,000
  • Even though DIY is becoming more popular, many people still struggle with wallpapering or painting their homes. You will need a vehicle to run this business. However, a personal vehicle can be sufficient. The equipment cost doesn’t have to break the bank. The business will be successful if it does quality work and provides accurate written estimates. You can read our article about insurance for painting companies to ensure your safety.
  • Related: Best Painting Insurance Companies

56 Private Tutor

  • Startup costs: $650+
  • Earning Potential: As High as $26,000
  • You may need to provide both emotional and educational guidance when tutoring children of all ages, from kindergarten through high school seniors. Learning disabilities and learning deficiencies can often be caused by emotional blocks. You can provide this service in person or remotely. Experience or a degree will be of great benefit.

57 Product Development Service

  • Start-up costs: $3,900+
  • Potential for Earning: $33,000+
  • Another broad category is “Product Development”, which can be defined by the market or industry chosen and the niche of the business owner. This could include product/prototype design (see Design of Retail Products), and/or 3DCAD Modeling, as well as the logistics of manufacturing. This is the process of creating a product and making it a reality. It can be done for individuals, small businesses or corporations whose entire business model depends on product development.

Did You Know?

27% of the $12.3 billion annual revenue for the product development industry is made up of CAD and other design services.

58 Property Management Service

  • Start-up costs: $2,600+
  • Earning Potential: As High as $65,000
  • Property managers are not always the job of landlords. It is quite different to owning real estate than managing tenants, collecting rent payments, inspecting properties, and communicating with tenants. This service-based business is great for those who enjoy managing multiple properties. It requires minimal startup costs and can make a good profit. A variety of skills is necessary to be a successful property manager. However, a related degree may not be required. You can read our related article about property management.

59 Restoration Service

  • Start-up costs: $6,500+
  • Earning Potential: As High as $58,500
  • Every year, basements and houses flood for many reasons. People need fast service. This service business deals with damage caused by fires, floods or general water. It doesn’t matter if it’s a storm or a burst pipe, water removal and drying flood damage are essential. These services are highly sought-after, especially during the rainy season. This business may also include the removal of hazardous materials. Make sure to factor in these costs into your overall budget.

Did you know?

In five years, the industry’s total revenue has risen 0.5% to $4.0 Billion. It jumped 3.2% in 2021.

60 Tax Preparation Services

  • Startup costs: $2,000+
  • Earning Potential: As High as $130,000
  • Although tax preparation services can be added to an accounting company as described above, there is enough demand for them to stand on their own. It will depend on the type of service offered to determine if a related degree or credential would be necessary. Check your state’s requirements as prerequisites. However, in order to obtain a valid Preparer Tax ID Number (PTIN), you will need to register with the IRS. Start your application at the IRS Website.

61 Technical Writing

  • Startup costs: 500+
  • Potential for earning up to $98,000
  • A technical writing company is a service that creates product manuals, software documentation, and technical guides. This requires extensive research and time as well as high-quality computer systems. This business requires more than a degree or certification. It requires the ability to interpret complex and technical information into common language and understandable information. This area of work experience will be a benefit to your business.

62 Test Preparation Services

  • Start-up costs: $1,300+
  • Earning Potential: As High as $58,500
  • This business can also be tutored. Clients can interact with you online, in person, at home, or in public places. The best audience for test preparation is high school graduates who are preparing for standardized tests like the SAT, ACT and GRE. This business is also suited for one-on-one coaching and group training classes. It is possible to get a degree in a related field. Some states require a teaching certificate.

Did You Know?

21% represent the total $14 billion industry in Testing and Educational Support.

63 Virtual Assistance Service

  • Start-up costs: $1,500+
  • Earning Potential: As High as $58,500
  • This business has the advantage of being completely virtual. Anyone looking for a Virtual Assistant (VA), anywhere in the world, is a potential client. Remember that the majority of people and businesses who require an assistant need to organize reports, customer Rolexes, receipts, etc. A highly organized communicator is essential for this job. The owner should aim to hire more VAs to scale their business. At that point, business growth will be limited by the demand.

64 64.

  • Start-up costs: $1,500+
  • Earning Potential: $130,000+
  • Web design has a lot of earning potential. Every business should invest in a new website from the start. These are just 129 of the many business industries that require web design services. While a related degree could help credential the company, your best assets are your website (it’s your best advertisement), your programming and marketing experience, and the right software and equipment to create your masterpiece.

65 65.

  • Startup costs: 500+
  • Earning Potential: $78,000+
  • This type of business would include all except technical writing and grant-writing services. It also includes creative writing, copywriting and journalism. This business type is best if you have a relevant degree and experience. Strong referrals are also helpful. Many writers begin by applying online for freelance writing jobs. Develop an online portfolio of writing that shows your skills as a writer. You may need to start with lower rates and get samples of work before you can find higher-paying clients. Many freelance writers start their own business and market their services via a variety of websites such as Upwork and Fiverr.

66. Disability Consultant

  • Start-up costs: $2,600+
  • Earning Potential: As High as $98,000
  • The demand for disability consultants is increasing as the world strives to be more inclusive. Although companies are expected to comply with the Americans for Disabilities Act regulations for their buildings, employee relations, and other areas of their business, they may not know how. This business will help companies with disability claims, reasonable accommodations, compliance, and other matters. This business will require experience and a related degree.

67 Transcription or Medical Billing

68 Personalized Books for Children

  • Start-up costs: $6,500+
  • Earning Potential: As High as $52,000
  • To be able to create and illustrate personalized children’s books on your own requires creativity, artistic ability, creative writing skills, an appreciation of children, and a lot of patience. This may be the right niche for you. It’s great news that you can reuse these beautifully illustrated templates once customers have responded to them. You can also customize the templates by changing their names.

69 Software Developer

  • Start-up costs: $1,500+
  • Earning Potential: As High as $130,000
  • This business is also known as web development, front-end development and software engineering. It can be very profitable. This is not a business you can start right out of school. Experience, as well as training in multiple platforms and computer languages, and the ability communicate technical information clearly and concisely to clients will all be key. Your greatest startup expense will be web hosting, software and hardware.

70 System Integrator

  • Start-up costs: $1,300+
  • Earning Potential: As High as $130,000
  • Entrepreneurs can also make a better living by working independently and almost never run out work. Although advanced and more robust IT systems are a great way to take your business to the next level, integrating these systems across departments, equipment, and individuals requires advanced technical and communications skills. It is essential to have knowledge in a range of software and hardware systems. Training and/or education are a prerequisite.

71. Vacation Rentals Broker/Agent

  • Startup costs: $650+
  • Earning Potential: As High as $78,000
  • Please see the Property Manager listing. A Vacation Rentals Agent or Broker deals in short-term rentals and not purchases. The Vacation Rentals Agent or Broker is responsible for all aspects of renting property to absentee owners. This includes finding renters and writing rental contracts. They also collect rental payments, check for damages, distribute keys, communicate with renters, and generally keep an eye on everything. Your geography will determine how much work you have available. Areas with high renters and a large inventory of homes for rent are more appealing.

Did You Know?

Online advertising and searches on vacation rental websites have led to a rapid growth in the vacation rental industry. The market for vacation rentals is expected to explode at a compound annual rate of 3.4% between 2019 and 2027, reaching $113.9 billion in 2027.

72 72.

  • Start-up costs: $6,500+
  • Earning Potential: As High as $160,000
  • This niche could be very appealing for a marketing professional who is able to identify agriculture, farming, or the food chain of your interest. This is exactly what it sounds like. A farm must sell products in order to make money. However, farming is a full-time occupation that doesn’t require any marketing skills. The business will require the establishment of a supply chain, advertising, sales outlets and product specialists. This unique area would benefit from a background in commodities.

73 Decks and custom outdoor furniture

74. Exterior House Painting

  • Startup costs: $2,000+
  • Earning Potential: As High as $98,000

75 Floral Scaping

  • Start-up costs: $6,500+
  • Earning Potential: As High as $58,500
  • It is rare to refer to flower scaping as anything but a service within the “Landscaping” umbrella. It is a viable business idea, and can be used to grow flowers or flowering plants. This service can be used to supplement existing landscaping and can also serve events. It is a smart move to have a degree in ornamental horticulture or extensive knowledge about flowering plants before you enter this business.
  • Similar: 27 Unusual Landscaping Business Cards Ideas & Examples, and How To Start a Lawn Care Business

76 Junk Removal

  • Start-up costs: $6,500+
  • Earning Potential: As High as $52,000
  • Although this business requires a vehicle, it is not the only one. However, startup costs are minimal. The cost of hauling junk can easily translate into revenue, with a price tag of hundreds of dollars. There are no other requirements or qualifications required to start a junk removal business. Once you have a large vehicle, the biggest hurdle is over.

77 Herb / flower farming and nursery

  • Startup costs: $1,300+ (except if you require land).
  • Potential for earning up to $78,000
  • Your farm or nursery will determine the cost of your startup. The land and seeds can be purchased fairly cheaply if you are only in this business to grow the plants and sell them wholesale to restaurants. If you want to start a business that sells direct to customers and retail access, such as a nursery or garden centre, you will need to invest in shelters, such as greenhouses or shops. This business can offer acres of land, different crops, retail, wholesale, restaurant supplies, or even food delivery with company vehicles. To get your ducks in order, you can check out the USDA Checklist.

78 Food Manufacturing Consultant

  • Startup costs: $2,000+
  • Earning Potential: As High as $104,000
  • You are the food-product equivalent to a product development consultant. Once again, you will be trying to make a profitable, marketable food product out of something you made in your own kitchen. This job is challenging and fun, and covers everything from marketing and branding to production and sourcing. It would be smart to get a related degree and experience as well as an Associate Membership to Foodservice Consultants Society International.

Tip An hourly rate for a Food Manufacturing Consultant is $150

79 Packaging and Labeling Services

  • Startup costs: More than $10,000
  • Potential for earning up to $100,000
  • A Packaging and Labeling Service works in the same way as a Food Manufacturing Consultant to bring a product to market. However, it focuses on packaging and labeling. This service helps to find packaging suppliers and facilities. This service helps customers find packaging that is suitable for the product’s shelf life, attractive, and that meets all legal nutritional labeling requirements. These businesses are often involved in label and brand design for many industries. A good packaging and labeling consultant will be familiar with FDA, FPLA (The Fair Packaging & Labeling Act), and FSMA regulations, and indications.

80 80.

  • Start-up costs: $5,000+
  • Earning Potential: As High as $98,000
  • “Specialty Food Production” refers to a variety of foods, including sweets and cookies, crackers and pasta, nutritional products (shakes and powders), seasonings, sauces and condiments, as well as beverages, sweets and cookies. Every food producer must comply with a variety of regulations, certifications, licenses and permits. This industry is highly regulated. It’s best to get started with the FDA’s Guide to How To Start a Food Business.
  • Similar: How To Open a Juicebar

81. Vending Machine Company

  • Startup costs: $3,000+
  • Earning Potential: As High as $52,000
  • A vending machine business can be started with minimal capital investment. The number of machines purchased, new or used and the stock you keep them in will determine your costs. You should also consider the cost of your vehicle and where you plan to place them. You can keep costs low by purchasing smaller, used machines as well as maintaining them and making inventory.
  • Similar: How to Start a Vending Machine Business

82. Auctioneer

  • Startup costs: $650+
  • Earning Potential: As High as $13,000 Per Auction
  • We are not talking about online auctions in this instance, but traditional auctions, which continue to take place all around us. Even though you may start slow and small, startup costs are minimal enough that you can easily start this type of business part-time with mentorship until it becomes self-sustaining. This is not an easy job, but it’s possible. To learn more, visit Auctioneers.org.

83 B&B or Boutique Hotel

  • Startup costs: $13,000+
  • Earning Potential: As High as $230,000
  • A bed-and breakfast or boutique hotel, not to be confused with , can provide a great opportunity for business owners who are savvy. A piece of property that is well-zoned in a desirable area and that attracts weary travellers time after time is the biggest barrier to entry. This means that you will need to invest $13,000 in the property. You might be interested in the possibility of hosting, feeding and accommodating guests in a beautiful property. There are many resources available to help you further research this small business opportunity.
  • Related: Hotel Marketing Strategies for Increasing Your Bookings

84 Messenger/Errand/Courier Service

  • Start-up costs: $1,300+
  • Earning Potential: As High as $70,000
  • More services are available to help us manage our lives as we get busier. This is good and bad news for budding errand businesses. Although competition is fierce with companies such as UberEats or TaskRabbit, there is still enough demand for niche services to be worthwhile. You can get a piece of this $116-billion industry by offering niche and differentiated services and tapping into technology at every opportunity.

Did You Know?

This industry employs approximately 1 million people. The decline of brick-and mortar stores and the rise of ecommerce will be a positive trend.

85 85.

  • Start-up costs: $6,500+
  • Earning Potential: As High as $130,000
  • Individuals with experience and education in international trade can make a lot of money by facilitating the transportation of international goods within and outside the country. There are many commodities available, including office supplies, packaging materials, fashion apparel and fine art. For those interested in entering the industry there are many trainings, certifications and textbooks. However, the best place to begin is to browse the SBA’s Office of International Trade Online Resource Center. Next, locate your local Trade Assistance Center within the SBA resource network.
  • Similar: 20 Best Profitable Items to Import From China

86 Life Coach

  • Start-up costs: $2,600+
  • Earning Potential: up to $100,000
  • Life coaches focus on holistic, sustainable, holistic personal improvement for clients. They also help with career and health. A life coach needs to have basic technical skills, such as listening, people, organization, communication. Also, general liability insurance is recommended due to the serious nature of their work. International Coaching Federation Credentials are also helpful in establishing expertise.

87 Personal Shopper/Stylist

  • Startup costs: $650+
  • Potential for earning: up to $45,000
  • A personal shopper, who acts as a coach and shop-only, is an interesting addition to life coaching. It could be shopping for clients’ clothes, gift shopping or picking up groceries. As with life coaching and courier services, finding a niche is key to your business model. You must also be different from other businesses like Stitch Fix. To ensure you are compensated fairly for your time, skill, and transportation, it is a good idea to calculate and set your hourly rate.

88 Personal trainer

  • Startup costs: $130+
  • Potential for earning up to $85,000
  • This industry offers attractive opportunities for small businesses, with low startup costs and barriers to entry, high earning potential and an expected annual growth rate (+3.2%) through 2025. A certification is a great way to be a nutrition and fitness guru. You can find our complete article below that provides a detailed guide to starting a personal trainer business.
  • Similar: How To Start a Personal Training Business [With a Plan]

89 Photocopying Service

  • Start-up costs: $6,500+
  • Potential for earning up to $78,000
  • On average, you can charge 49 cents per copy for full color or black and white copy services. Additional services that you could offer include faxing, shredding, computer terminals and faxing. You only need to have good visibility in your chosen area, high-quality, high-capacity equipment, and a large number of customers. This type of business will require rent costs and a large inventory of high-quality, top-of the-line equipment.