15+ Profitable Small Business Ideas For 2023

Blogging – One of The Profitable Small Business Ideas To Start in 2023

Many people have become online business owners by running a passive income business from home. It’s an excellent opportunity for people who are looking for low investment business idea. You can start with as low as $20

YouTube Video Creation

YouTube lets video creators earn a portion of the ad revenue that their content brings in. With just some simple video equipment and time, you can build up enough of a following to earn profit on that platform.

Digital Marketing

This is trending business in India right now and there are unlimited opportunities in digital marketing. You can start a digital marketing agency, you can do a freelance business, you can launch your own start-up, you can even promote different products through digital marketing and make money.

Affiliate Marketing

Affiliate marketers simply earn a small portion of each sale that they send to a brand. So you don’t really need anything to get started. It might take you some time to build up an audience that will actually help you earn. But once you get going it should be mostly profit.

Dropshipping

This is a very hot and new profitable small business ideas in India. You can start your own e-commerce business but without any big investment and without stocking any product. The great thing about dropshipping is that you don’t need to purchase any product, unless you get an order from a customer.

Online Influencer Service – Profitable Small Business Ideas To Start in 2023

Influencers partner with brands to share their thoughts on products and services with their audience. If you have a sizeable following on social media or a blog, this can be an easy way to bring in some extra money.

Real Estate Business

Owning a real estate based business, like flipping houses which I did once, has always been a dream of mine. Once I get enough cash saved I do plan on adding some real estate into my business mix.

Food Business Ideas

If you’re a good cook starting a food business could be a low cost way for you to test the waters. Start on a small level, see how things go, and then ramp it up from there.

Semi-Passive Profitable Small Business Ideas in UK

Semi-passive business ideas are those that are going to take a lot of money or time upfront but then can run on their own without constant supervision. While these semi-passive ideas definitely require work they won’t keep you ball and chained to a desk for forty hours per week.

Sales Small Business Idea

If you enjoy meeting new people and have always had a penchant for sales joining a direct sales company or network marketing company can be highly lucrative. On the flipside, multi marketing gets a bad rep due to misleading statements and claims from some of the companies.

Sales Small Business Idea

If you enjoy meeting new people and have always had a penchant for sales joining a direct sales company or network marketing company can be highly lucrative. On the flipside, multi marketing gets a bad rep due to misleading statements and claims from some of the companies.

Reseller Profitable Small Business Ideas

Reselling is when you buy something at a discount (whether that be new or used) and sell for a profit. Sometimes that means you need to put a little work in to get your product up to par. (like the bicycle reseller idea below which would involve buying old bikes fixing them, and reselling) Other times you just need to put in the work to spot the deals.

Profitable Service Based Small Business Ideas

As it sound service based business ideas are when you offer a service to potential customers. As your service based profitable business idea grows you then have the option to hire on employees to provide the service while you manage the business.

Manual Labor Business Ideas

These are always the types of businesses my brothers are scheming up and the truth is they can pay quite well. For instance, a local painter charges $400 to paint a room that takes him a day to do. If he did that five days a week he’d be bringing in $8,000 per month profit. Not bad at all!

Retail Business Ideas – Profitable Small Business Ideas To Start in 2023

This is what so many of my family members do and specifically, the first three items on the list. I can tell you from experience that owning a retail business can mean high stress and costs a lot of money upfront.

Travel Services

Offering travel and related services can see you make instant profits. Tie-up with long distance bus services, offer online reservation of rail tickets and reserve hotels at various destinations for clients. You can also add local sight-seeing and other requirements for your customers.

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