10 Profitable Business Idea

If you’re thinking of starting a small business, there are a lot of factors that you need to take into account such as risk, profit margins and accessibility.

But it’s definitely not impossible to start a small business, especially if it’s an online one.

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So, to provide some inspiration, we’ve listed 10 small business ideas that you can start with minimal resources.

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1. Freelance Writing

If you’re a great writer and have a passion for content, then you can easily set up your own freelance writing business.

With the power of LinkedIn and freelance websites like Upwork and Fiverr, you can easily set up a profile and start taking orders today.

2. Food Services

If you have great culinary skills, a good way of earning an income is by making and selling food.

Whether it’s a food truck, a cake-baking business or a daily food service, there are plenty of gaps in the market that you can fill.

While competition is stiff, if you have a good product you’ll still have an opportunity to stand out.

3. Online Teaching

Since the pandemic, the demand for online teaching has increased.

If you’re knowledgeable in a particular field, then you could teach that subject online.

But if not, there are still opportunities for you – there a plenty of overseas students who want to learn English from a native speaker, or even practice their conversational skills online.

4. Reselling of Goods

If you’re passionate about clothes and know where to find a bargain, then you can set up a reselling business.

You basically purchase items at a discounted price and sell them on for a profit.

You can start by selling on platforms like Depop or eBay before building your own online site.

5. Transcription Services

If you’re a fast typist and have a good ear, you could open your own transcription service.

With this small business, you have the luxury of flexibility so that you can easily transition if you have other commitments like a full-time role.

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This type of business has very little overhead – all you need is a good internet service and a laptop.

6. Professional Organizing

Professional organizing is a service that has been on the rise in recent years, but something that few have the talent for.

If you’re a fan of The Home Edit and can organize as well as Clea and Joanna, then you’re in for the big bucks.

You’ll need to work hard to build a reputation, but once you’ve established yourself, the world is your oyster.

7. Professional Cleaning

If you like cleaning, then you can easily turn it into a business.

With a few employees, some cleaning products and transportation, you can charge between $25 and $50 an hour for basic cleaning of personal homes, offices or commercial properties.

All you need is a bit of marketing to get your name out there.

8. Translation Services

If you’re fluent in two or more languages, you could consider becoming a translator and taking on freelance projects for a handful of different businesses.

Like transcription services, you can select your own hours and be as flexible as you need to build your client base.

9. Home Care Services

Many seniors need a helping hand.

As a home care assistant, you can run basic errands like pharmacy and grocery shopping or arrange repairs around the house.

If you enjoy helping others, then working with senior citizens will be right up your alley.

10. T-Shirt Printing

T-shirt and label printing services have been on the rise – with many people searching for low-cost personalized goods, you’ll have a good chance of running a successful small business.

You’ll first need to acquire the necessary tools to start the business and create an appealing social media page for your shop.

So, now that you have a few ideas, you can start thinking about opening your business.

Zona Marwah