27 of the Most Profitable Small Businesses to Open in 2022 | The Kickass Entrepreneur (2023)

I sure wish the internet was around when I first opened my business in 1991. An easy web search would have made life much easier, especially because I would have been able to source the most profitable businesses to open, and would likely have gone that route!

When I first started in business, doing research was difficult. It meant I had to go down to the library to research different businesses and industries.

In fact, prior to opening my business, I spent days in the UCLA library reviewing what would be the next big, up, and coming industry.

On the other hand, calculating waste has become harder. After all, standard online advertising is often disabled in Google or withNetGuardVPN and AdBlock. And commercial platforms have become mandatory additional protection against hacker attacks and the like. You can read the article and more about the sale of my business, and how I grew it, here, and if you want to know how to become a decamillionaire you can read that here.

A New Era of Earning Money

Fast forward a few years, and the internet revolution was upon us.

Had the internet been around, it would have made doing business research that much easier. But then I would have to think about online security and privacy of my data. If you don’t want third parties to spy on you on the Internet, try AdGuard VPN.

If you’re going to open a business, some industries are less competitive than others, with greater profit margins, and have fewer barriers to entry.

Having said the above, let’s review some of the industries by profitability, and then I will review some of the possible small businesses that you can open. The goal, of course, is to help you figure out what business you should open, and this article will be an excellent starting point.

I am also very aware that we are post-COVID, and that the business landscape has changed, and in fact, if you’ve now found yourself without a job, or, are looking to create some financial independence in your life, then there’s no better time than the present to open a new business.

There’s no better time to start a business because we’re at the cusp of what will become some entirely new industries andunique business ideas that will span as a result of the virus, which has created havoc for some industries and created a real boom for others.

In addition, some costs, like advertising, example, and some other startup costs could be lower today than they would have been a year ago. Also, a video ad maker is a good choice to search for a target audience.

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Having said all of the above, it’s all too common for entrepreneurs to launch their business, and then almost “forget” how important profitability is to the business.

On this note, it’s essential to start with a business plan. You need to communicate a strategy to start your business. Having a financial model gives insight into actions to be taken, the tools needed to accomplish your company priorities, and a timetable of predicted results.

If you’re planning to get your business started in any American state, do consider creating an LLC for your business.

The Most Profitable Business by Sector:

Before we dive into my carefully crated list of small businesses you can open in 2022, I want to spend a minute highlighting a study done by Sageworks in 2017. In the study, they listed the industries and businesses that were most profitable by sector. I’ve cross-referenced that with the United States Census Bureau. Here’s what they found:

** To clarify what these percentages mean, they are the EBITDA margins. The amount of profit as a percentage of revenue.

  • Accounting = 18.4%
  • Lessors of Real Estate = 17.9%
  • Legal Services = 17.4%
  • Management of Companies = 16%
  • Activities Related to Real Estate = 14.9%
  • Office of Dentists = 14.8%
  • Offices of Real Estate Agents = 14.3%
  • Non-Metalic Mineral and Mining = 13.2%
  • Office of Other High Practitioners = 13%
  • Medical and Diagnostic Labs = 12.1%
  • Privately-held Companies = 8.9%

27 of the Most Profitable Small Businesses to Open in 2022 | The Kickass Entrepreneur (1)

Using the above list, I have compiled some businesses that are potentially ancillary, or complementary to the industries listed above. In addition, I am also mindful that the small business landscape has changed now as a result of COVID-19 and the current recession, which we’re (hopefully) now exiting.

Many of the businesses listed below are potentially even more suitable now considering the current small business landscape. With limited company formations being done at a low cost or, in some cases, for free, there might be many smaller businesses being erected and making way for entrepreneurs to create their own wealth. So, let’s review:

Online Surveys:

Although technically this one isn’t a small business, it is an easy way to make a few extra bucks, so I decided to throw it into the mix. And don’t worry, taking surveys isn’t one of the business ventures I’m recommending you start. You can take online surveys, even if you’re as young as 13, and you will be paid anywhere from $2 to $75 per survey. It’s a simple way to make extra money, it’s easy to do, it’s free to sign-up, and although you won’t get rich, you can still earn a few extra dollars while you’re watching TV or in your spare time. My kids have used Swagbucks, PrizeRebel, and Survey Junkie.You can sign up here for Survey Junkie here.

Affiliate Marketing Business:

Another potential business that is often overlooked is Affiliate Marketing. Instead of starting your own business by manufacturing and selling a product, you may already have the tools in place to assist someone else in doing that. According to Mediakix Affiliate marketing statistics in 2022, Affiliate programs are used by 84% of businesses. You can, for example, do this via your blog, video uploads, or review site. So, let’s say you mention a particular product on one of the aforementioned platforms, you may be able to make some money for yourself. How exactly? …if by doing so, you create additional sales for another company’s product.

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An affiliate program will provide you with potential offers that you can promote on your own platform by providing a link to buy a product on another website. A reference will be embedded in the link that will allow the partner company to identify you as the source of the click, and you will then receive payment in the form of a commission. Check out this link to gain a deeper understanding of the best-ranking affiliate programs currently available.

1. Sticker Shop

If you are a designer or you have little funds, starting a sticker shop online is your wise decision. They are low-cost and easy to create and store. You can make and sell stock stickers online. Or you can make custom stickers for small businesses, clubs, schools, and more.

The stickers on the first way can be created by yourself at home with Cricut or by professional sticker maker like CustomSticker.com .The custom stickers on the second way are often made by sticker makers. Both of them are fast.

If you want to save much time and don’t know how to design stickers, then leave it to the professional sticker

27 of the Most Profitable Small Businesses to Open in 2022 | The Kickass Entrepreneur (2)

2. Start a Blog

The startup costs of starting a blog are really low. You have the cost for the domain, which is usually around $10 per year, and your hosting fees, which you can find for as little as $50 per year or even less if you choose to usediscountsfor web hosting.

The upside potential is huge in two ways. First, if you are able to build a blog that can produce profits of $1,000 per month, for example, then you’ve also built an asset that’s potentially worth upwards of $30K to $35,000 if you were to sell your blog, so, not only are you making passive recurring money, you’re also building your own small business that has sellable value. I’ve written about blog valuation here: How to Make a 600% Return on a Business Investment Inside 24-Months, and Compare Returns using IRR

3. Business Consulting:

Businesses of all sizes are willing to invest in consulting services, sometimes spending thousands, and even hundreds of thousands of dollars a year on consulting services. Perhaps you have a skill or were educated in a particular function, maybe even from a previous job. You can use those skills to offer consulting services to other businesses. it can also hold live sessions on a coaching platform to paying customers.

4. Courier Services:

Delivering packages is something that you can start on your own, and eventually build into a larger type of business. You, of course, need a website, and vehicle, some polished marketing, and you can pick up and deliver on your own, or even hire drivers to help. Should you decide to focus on a particular area of the city, let’s say the downtown core, you can even offer bicycle courier services.

5. Cleaning Services:

As families and households get busier, they look to outsource more of the responsibilities in order to free up their time. You can create flyers, post them in your geographic area, and offer to clean homes for others. Cleaning is especially relevant now with people’s senses heightened because of viruses. You can open a business offering special COVID cleaning services such as wäschekorb kinderzimmer and, even offer a “seal of approval”.

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6. Personal Chef:

Similar to the home cleaning services listed above, families are stretched for a time after the end of a long workday. If you have some skills in the cooking area, you can offer to cook for other busy families, and presuming they live close to you, you could also cook meals for others.

Promote your site like West Palm Beach food delivery service or go on social media to grab a new audience. You can also start selling packaged frozen foods to keep your business growing. People can pay directly through their cards and get the products delivered to their doorstep.

7. Tutoring, both Online and In-person:

It’s homework time, and the kids need help with their math, English, or other studies. Many parents either don’t have the time to help their children, or, frankly, aren’t educated enough in grade 11 calculus, or Spanish, so, they hire a tutor, free essay writer, or essay writer online, If you have skills in any particular area, you can start in person, or online tutoring. Once you establish a reputation in a particular area, you can subcontract others to help in additional subjects. In the beginning, it is better to consult with an argumentative essay writer and then share your learnings and best practices with others.

Data Science is also an in-demand field nowadays due to the surge in technology and online businesses. Fortunately, you don’t have to shift or spend more years in a university to study Data Science. You can learn Data Science and even code professionally on online apps like FutureLearn. See more of their courses here.

8. Logo and Design Services

Perhaps you have a skill in the arts? Or some experience using tools like Publisher, or Abobe Creative Suite. If so, then you can do a logo design, and other graphic design services for other small businesses like Appy Pie Design, different gaming software, and online platforms. Some experienced designers even come up with interesting logos for online gambling websites and help design the games or pictures of free spins with no deposit bonuses.

9. Property Management:

If you live in a more populated area, then there will surely be apartment buildings around that you can manage. Many property owners don’t have the time, or inclination to manage their own properties and seek assistance from others to help them with the day-to-day management, record keeping, and rent collection.

10. Technology Consulting and Repair

Do you have a skill in computers? Perhaps you were a computer technician in a prior role? If so, then you can assist others who need assistance with doing computer installations, upgrades, bug repairs, virus scanning, web hosting providers, network connections, and so on with technology consulting and repair businesses.

11. Marketing Services:

This is one that is near and dear to my heart. Marketing was at the core of the company that I started in 1991, and frankly, is at the core and success of most small businesses. If you have some skills in marketing, marketing automation, SEO, SEM, website design, and so on, then you can assist other small business owners who struggle in this area. You can also consider associating with a link building agency to help other businesses elevate.

For example, you can start your own marketing company as a digital marketing agency Singapore.

12. Personal Trainer:

I like to stay fit. I also go to the gym at least 4 to 5 times a week. While there, I often see others getting training from personal trainers with experience in weight lifting, cardio, and proper weight lifting form.

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If you are active at your gym and have enough information about personal training, you can turn it into a source of earnings. In addition, since this is a digital era, you can also sell online body training and earn a steady income. There is countless personal training schedule software that can help you with this.

13. Have Van, Will Help:

From seniors to individuals in a rush, many need help with moving both small and large items from place to place. If you have a van and are willing to transport small and large items, then you can post on available search sites offering moving services for others like CheapOair.com. Nevertheless, if you are one who needs car rental or moving services, you can Take up to $100 Off your fees by using their Promo Code CAR10. Sign up now here.

14. Gardening and Grass Cutting:

The perennial (no pun intended) favorite for the high-school teen, gardening is something that every homeowner needs to be done, and since many won’t have the time to do this themselves, all you’re missing is a few tools, lawn signs, and voila, you’re in the gardening business.

Lawn maintenance is a crucial part of the upkeep of houses, especially in higher-income areas. With your gardening and grass cutting skills, you can earn some cash and even turn it into a large-scale business. Plus, it’s more pocket-friendly than ever with all the discounts that you can get using theAmazon Promo Codes 20% off.

15. Snow Clearing:

Winter happens upon us, like clockwork, from November to March every year, and invariably, people will need assistance cleaning their path walks and driveways of snow.

If you live in a region with heavy snowfall, starting this business can earn adequate revenue. Offer snow cleaning services at a really low price, in the beginning, then raise the cost as you go. It will allow people to experiment with this service and decide if they want to pay for getting their driveaway, garage door, or chimney cleared.All you need to get started is agood snow shovelor plower.

16. Real Estate Brokerage:

This one is somewhat trickier to get into, but, perhaps you have a skill or experience in real estate sales. If so, you can consider getting your brokerage license, and opening a real estate brokerage service.

I have recommended this idea to many people who have good experience in the real estate world. The commissions you earn can be pretty generous sometimes, depending on the property type.”

The skills required from a real estate broker include communication, a

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What is the most profitable business to start in 2022? ›

What's the Most Profitable Business to Start in 2022?
  1. 22 Profitable Businesses to Start in 2022. ...
  2. Ecommerce Business. ...
  3. Dropshipping Business. ...
  4. Vacation or Home Rental. ...
  5. Online Courses. ...
  6. Bookkeeping or Accounting Services. ...
  7. Graphic Design Business. ...
  8. Digital Agency.
15 Aug 2022

What are the top 5 most profitable businesses? ›

Most Profitable Business Ideas
  1. Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
  2. IT Support, Technology Consulting, and Repair. ...
  3. Cleaning Services. ...
  4. Accounting and Tax Preparation. ...
  5. Auto Repair. ...
  6. Real Estate.

What are the most profitable industries in 2022? ›

Most Profitable Industries in the US in 2022
  • Commercial Banking in the US. ...
  • Life Insurance & Annuities in the US. ...
  • Portfolio Management in the US. ...
  • Private Equity, Hedge Funds & Investment Vehicles in the US. ...
  • Trusts & Estates in the US. ...
  • Software Publishing in the US. ...
  • Property, Casualty and Direct Insurance in the US.

What is the hottest business to start? ›

Here is the list f selected hot business opportunities with good profit potential:
  • Start a Blog. You can choose to start a blog of your own on a niche topic. ...
  • Web Designing. ...
  • Freelance Bookkeeping. ...
  • Graphic Designing Services. ...
  • Freelance Writing. ...
  • Online SEO Consultancy. ...
  • E-commerce Business. ...
  • Smartphone Repair Services.

What business will make me rich? ›

  • Financial Services.
  • Eldercare.
  • Business Consultancy.
  • Investment Firm.
  • Education and Training Service.
  • Insurtech.
  • Cleaning Business.
  • Healthcare Consultancy.
11 May 2022

Which business will grow in next 5 years? ›

20+ Future Business in India for 2025
  • 1) Outsourcing business. ...
  • 2) Internet of things (IoT) industry. ...
  • 3) Rise of co-working space. ...
  • 4) 3D printing. ...
  • 5) Consumer goods and services business. ...
  • 6) Business in real estate. ...
  • 7) Healthcare industry. ...
  • 8) Consultancy business.
1 Oct 2022

What industry will boom in 2022? ›

Global Fastest Growing Industries in 2022
  • Global Airport Operation. 2022-2023 Revenue Growth: 47.2% ...
  • Global Hotels & Resorts. ...
  • Global Travel Agency Services. ...
  • Global Tourism. ...
  • Global Airlines. ...
  • Global Casinos & Online Gambling. ...
  • Global Commercial Aircraft Manufacturing. ...
  • Global Semiconductor & Electronic Parts Manufacturing.

What small business has the highest profit margin? ›

Most profitable small businesses
  1. Food trucks. ...
  2. Car wash services. ...
  3. Auto repair. ...
  4. Personal trainers. ...
  5. Newborn and post-pregnancy services.
3 May 2022

What is the most demanding business? ›

Labour Contractor: The business with evergreen demand. With, with a developing economy and a population as large as India, recruitment is undeniably one of the most happening sectors. Contract workers make up 34% of India's massive workforce.

What industry has highest profit margin? ›

Industries With the Highest Profit Margins

Software (entertainment): 29.04% Transportation: 28.90% Tobacco: 20.58% Software (System and Application): 19.66%

What is the most easiest business to start? ›

What are the easiest home businesses to start?
  • Dog Walking.
  • Selling on eBay.
  • House Cleaning.
  • Freelance Writing.
  • Home Tutoring.
  • Social Media Service.
  • House Painting.
  • Yoga Classes.

What are the most successful small business? ›

Here are 10 of the most successful ones.
  1. App Development. ...
  2. Personal Training. ...
  3. Cleaning Service. ...
  4. Freelance Copywriting. ...
  5. Real Estate. ...
  6. Freelance Graphic Design. ...
  7. Tutoring. ...
  8. Landscaping.
27 Jul 2022

What business makes the most millionaires? ›

The answer may surprise you: it's finance. In fact, according to Forbes magazine, finance is responsible for creating more millionaires than any other industry in the US.

What types of businesses thrive in poor areas? ›

Some great neighborhood businesses that thrive in lower-income environments include:
  • Barbershops.
  • Nail salons.
  • Pizzerias.
  • Corner stores.
  • Gas stations.
  • Well-known franchises (including those with minority franchise opportunities)
  • Laundromats.
  • Dry cleaners.
6 May 2017

What is a good business to start with $5000? ›

If you need a little more help brainstorming, here are six businesses you can start for under $5,000.
  • Tutoring or Online Courses. ...
  • Make a product and sell it online. ...
  • Open a consulting business. ...
  • Create an app or game. ...
  • Become a real estate mogul. ...
  • Virtual Assistant.
1 May 2022

How can I get rich in 5 years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.
4 days ago

How can I get rich quick? ›

The 5 Fastest Ways To Become Rich, According To Experts
  1. Avoid (and Pay Down) Debt. Debt is not necessarily bad in all instances, but it is something to be avoided most of the time. ...
  2. Spend Intentionally and Minimize Costs. ...
  3. Invest as Much as Possible in a Diversified Portfolio. ...
  4. Work On Your Career. ...
  5. Find Extra Work.
22 Apr 2022

Which industry will boom in future? ›

In India, FMCG is the most secure sector for long-term investment. The majority of the products in this industry have been in use for over a century and will continue to be used in the future as well.

What industry will boom in 2023? ›

The consumer discretionary sector is expected to show the highest dividend growth, by far, among S&P 500 sectors through 2023.

What are the 10 business ideas? ›

Best Small Business Ideas
  • Handyman. Image Source. ...
  • Woodworker. ...
  • Online Dating Consultant. ...
  • Sewing and Alteration Specialist. ...
  • Freelance Developer. ...
  • Personal Trainer. ...
  • Freelance Graphic Designer. ...
  • Life/ Career Coach.
21 Oct 2022

What is the next big investment in 2022? ›

Going into 2022, among the key market sectors to watch are oil, gold, autos, services, and housing. Other key areas of concern include tapering, interest rates, inflation, payment for order flow (PFOF), and antitrust.

What are the fastest growing businesses? ›

The 10 Fastest Growing Industries in the US
  • Airport Operations in the US. 66.1%
  • Tour Operators in the US. 63.2%
  • Travel Insurance. 62.1%
  • Cruise & Travel Agency Franchises. 59.7%
  • Hotels & Motels in the US. 56.6%
  • Sightseeing Transportation in the US. 55.5%
  • Concert & Event Promotion in the US. ...
  • CBD Product Manufacturing in the US.

Which industry is best to invest in now? ›

10 Best Growing Industries To Invest in for 2022
  1. Cloud Computing. ...
  2. Biotechnology. ...
  3. Data Analytics. ...
  4. Artificial Intelligence. ...
  5. Real Estate. ...
  6. Green Energy. ...
  7. Pharmaceuticals. ...
  8. Internet of Things.
16 Feb 2022

› 2015/04 › businesses-you-ca... ›

Again, think of the low-cost entry point to keep your startup costs under $100. You can clean houses with all of the supplies and equipment you already use for ...
But good thing you didnt, as youd have been shut for most of 2021. The landscape is changing rapidly as businesses move online. In fact, social distancing and C...
There are many reasons to start a business, if money is a big priority for you, here are the most profitable businesses you can start right now.

What businesses will thrive in 2022? ›

Industries to consider for business ideas in 2022
  • Sustainability. ...
  • Pet services. ...
  • Fitness. ...
  • Digital events and conferences. ...
  • Home improvement. ...
  • Freelancer support.
11 Oct 2021

Is 2022 a good year to start a business? ›

A year later, this trend has continued, and it's not slowing down any time soon. In November 2021, Americans filed 432,034 business applications. The message here is clear: if you've ever wanted to be your boss, 2022 is a great time to build your business. Of course, starting a new business venture isn't easy.

What business makes the most money? ›

Most Profitable Companies Ranked
CompanyProfit per Hour
3Berkshire Hathaway$4,853,995
6 more rows

What small companies grow fast? ›

Fast growing small companies
S.No.NameQtr Sales Var %
1.Punjab Alkalies113.36
2.Valiant Organics27.24
3.Thirumalai Chem.19.90
4.Sandur Manganese37.18
22 more rows

What industry will boom in 2022? ›

Global Fastest Growing Industries in 2022
  • Global Airport Operation. 2022-2023 Revenue Growth: 47.2% ...
  • Global Hotels & Resorts. ...
  • Global Travel Agency Services. ...
  • Global Tourism. ...
  • Global Airlines. ...
  • Global Casinos & Online Gambling. ...
  • Global Commercial Aircraft Manufacturing. ...
  • Global Semiconductor & Electronic Parts Manufacturing.

What is the best month to open a business? ›

In fact, the average worker is 20 percent more productive in autumn than in the winter (as well as 11 percent more productive during the same timeframe than in spring and 7 percent more productive than in summer). The study also found that the most productive months of the year are September, October and November.

How do I start my own business from home? ›

How to Start a Small Business at Home
  1. Come up with your business idea. ...
  2. Decide what you're going to sell. ...
  3. Write a business plan. ...
  4. Decide on your business's legal structure. ...
  5. Apply for your EIN. ...
  6. Set up a business bank account. ...
  7. Look into insurance. ...
  8. Set up a home office.
26 Apr 2021

Is it smart to open a business right now? ›

Many adequate workers are looking for new prospects, many of which are open to shifting industries. The pandemic has made a lot of people want to work to live instead of living to work. In times of uncertainty, job security is more important than ever. Running your own business allows you to control your destiny.

What businesses will always be in demand? ›

  • Food. Food is required for life and this means demand will always be high. ...
  • Pharmaceutical. The pharmaceutical industry has experienced impressive growth globally. ...
  • Healthcare. ...
  • Education. ...
  • Sin Industry. ...
  • 6. Entertainment and Media. ...
  • Professional Services.

What is the most demanding business? ›

Labour Contractor: The business with evergreen demand. With, with a developing economy and a population as large as India, recruitment is undeniably one of the most happening sectors. Contract workers make up 34% of India's massive workforce.

What company makes the most money per day? ›

Saudi Aramco


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