What are the most successful small businesses?
This is a question most aspiring entrepreneurs struggle with all the time.
Here is why.
See, any business is as good as the target market.
Or simply put the business idea.
This means that if you want to own a successful business, you need to think hard about who your target market is and what you are going to offer them.
It doesn’t matter how hard you market, if you are offering them the wrong product, they aren’t going to buy.
Lucky for you, you will learn today about the best business ideas, almost guaranteed to make you money (as long as you put in the work of course).
What Are The Most Successful Small Businesses?
To help you out, we have researched and compiled a list of #8 most profitable business ideas you can start and make money.
As they say, follow your passions.
Most of the business ideas you see here involve some level of passion.
Truth is, if you are going to have a shot at success, you need to love what you do.
I believe it is Steve Jobs who said something along those lines.
And it is never truer.
At some point in your entrepreneurial journey, you will experience mounting feelings of despair.
Your mind will remind you how much nothing is working and how you are wasting time.
It is at such times that the jokers drop their business dreams and only the true warriors emerge.
With that in mind, if you have any interest in any of the following businesses, consider venturing into them as soon as you can.
#1. Personal Wellness
Quick question;
What is personal wellness?
It is being physically, emotionally, mentally, and spiritually healthy.
To lead a healthy life, everyone needs to find a balance between all of these aspects.
For example;
You can engage in yoga to service your physical and spiritual health.
At the same time, meditating helps clean out your mental state.
What does this mean to you as an aspiring entrepreneur?
Are you passionate yoga instructor, meditator, therapist or life coach?
Well, there is money to be made.
Here is something;
The global health and wellness market reached a value of US$ 3.31 Billion as of 2020.
Why is this a profitable business candidate?
Everyone has the desire to better themselves.
All you have to do is teach them what you know and get paid while at it.
That you can accomplish through online courses.
Just record videos or audio teaching what you know, say, about meditation.
And ask students to pay to access the information.
#2. Courses in evergreen hobbies
Again, almost everyone has got a hobby.
You know, that thing you like doing to unwind and declutter your mind.
What you don’t know is that you can turn a hobby into a thriving business.
Here is an example;
Photography is a skill valued by a ton of people.
If you are an experienced photographer, you can take this chance to teach newcomers how to hone their craft and reach your levels.
It is simple actually.
Take all the lessons, tips, and tricks you have learned in your career and put them together as a course.
Now, upload the files to places like Udemy or Skillshare.
Sit back and watch as the, y starts rolling in.
With that said, here are some of the most popular hobbies you can turn into business;
- Writing
- Gardening
- Exercise
- Knitting
- Video games
- Strategy games like Chess
- Camping
Just look into your hobbies and figure out how to turn them into a money-generating course.
#3. Bookkeeping and Accounting
Do you have accounting and bookkeeping skills and wish to be independent?
Why not start your own accounting firm?
How?
Well, you don’t need to open an office in town or hire a bunch of stuff to make it.
All you need is a laptop, accounting tools, and one client to get you started.
Lucky for you, the internet has revolutionized everything.
In fact, you don’t have to do everything manually.
Just get your hands on accounting tools like QuickBooks and you are sorted.
To get clients, head over to marketplaces like Upwork and send outshining proposals highlighting what the client is missing by not hiring you.
Alternatively, consider pitching your services to fellow entrepreneurs in your hometown.
You might be surprised how many of them struggle to put 1+1 together, leave alone draw a P & L account.
#4. Consulting
Consulting may be, hands down, the coolest business ideas anytime.
It is the business you are paid on your terms.
And often, the clients come to you, meaning you set the rules of the game.
If you ask me, doing that is a genius of doing business.
You can set rates per hour or royalties, the list is endless.
All you need is an in-demand skill that people will kill to get hold of it.
For example;
If you understand the ins and outs of scaling businesses, you are the hotcake anytime.
Put the word out there that you are accepting consultation gigs.
More importantly, make sure you are offering your clients pure gold.
Do that and they will beat a path to your doors.
To get you started, here are some of the most sort-after consultation skills;
- Career consultant
- Leadership/Team Building consultant
- Marketing and advertising consultant.
- Organization/Efficiency consultant
- Consultants for business strategy
See any you like?
Runaway with it.
#5. Graphic Design
As of 2021, the Graphic Design industry is worth $12.7 billion.
It doesn’t come as a surprising hearing that graphic design tool, Canva is now worth over $10 billion.
This is because the tool attracts over 55 million users worldwide.
That should tell you something about this skill.
Graphic design is a serious skill always in demand.
The demand is now fueled by the need to stand out on social media.
If you have design skills, here is your chance to make a fortune working from anywhere you like anytime you want.
#6. Social Media Management
This is one of the most successful small businesses you can start today.
All you need is an understanding of how to help businesses achieve their goals through social media.
And truth is, that isn’t hard at all.
For example;
If their goal is to drive revenue, all you have to do as a social media manager is draw a strategy on how to drive sales through social media.
You can hold a contest, create promotions, or use social media ads.
Now, to get clients, you need to demonstrate that you understand their goals and can help them achieve them through social media platforms
#7. Marketing Copywriter
Copywriting is the use of texts (words, or videos) to promote a product.
To make it as a copywriter, you need to master the art of inspiring the audience to take action.
Lucky for you, there is a science to convincing people to buy through text.
For example;
By following the formula; Before – After – Bridge
Here is it works;
Before – Here’s your world (show them where they are now)
After – Imagine what it’d be like, having Problem X solved
Bridge – Here’s how to get there.
To turn this into a profitable business, you need to show the prospects your results.
As such, start by putting together case studies of your previous clients.
In fact, it works better if you can capture how they were performing before you and then what they achieved once they hired your services.
In short, use your copywriting skills to land clients.
Now tell me that’s not genius!
#8. Virtual Assistant Services
This is another of the most successful small businesses you can start.
Involves offering to help busy entrepreneurs take some tasks off their schedules.
For example;
You can offer content management services to them.
And in return, you get paid per hour or any arrangement you both agree on.
To get clients, go to places like Fiverr, Upwork, among other freelance marketplaces.
In the meantime, here are some of the most profitable virtual assistant skills.
- Email marketing
- Social media management
- Blog management
- Customer service
- Running ad campaigns
- Bookkeeping
If you have any of these skills, or willing to learn, there is a lot of money to be made.
Final thoughts
What are the most successful small businesses?
I believe this question has been answered adequately.
Here, you have a list of potential business ideas you can start now and make money almost immediately.