The 23 Most Profitable Small Businesses in 2021
There are two kinds of entrepreneurs in the world. First are those who find a passion in a particular field and then dedicate their lives to how to turn it into a business and make other lives easier along with earning the profit in order to keep their dream alive. And the second type of entrepreneurs first found what industry they want to conquer and what type of business they want to start.
The second type of entrepreneurs needs to find the most profitable businesses in which they can make a move. The sole purpose behind is to earn the maximum profit out of it and get a better living out of it. Entrepreneurs usually look for topics that do not require a lot of capital to start out with, so all they need is hard work in the right direction, determination, and resourcefulness in order to start a profitable business for themselves. So, we have compiled a list of the most profitable small businesses where you can start. The below list will give you detailed information about some business ideas as you have the liberty to add unique features to its mobile app development according to modern trends and needs. Let us dive deeper into these ideas.
Most Profitable Small Business in 2021
With digitalization all around the world, the most profitable business falls in the category of online business. Well, look at the brighter side that no business can succeed when being online, no matter if you are planning for a B2B or a B2C business. Any business idea can be made profitable but having an idea of the latest trend can make you one step ahead. So let us have a look at the list of most profitable businesses to start in 2021.
1. Food Trucks
The food truck business can be a profitable business as it keeps growing year by year. You might have seen many new food trucks in major cities have increased substantially. And investing in a food truck in the upcoming year which gives cheap food to the people walking by can be very beneficial. You can hit some popular or crowded roads or park yourself at local events to draw more and more people towards you.
You can add value to your business by the development of cost-effective hybrid mobile app development which allows people to order from your truck online as you can double your revenue with this method. All you need to keep in mind is that you need to be places where the crowd will be attracted to your food truck. Before starting a food truck business you need to have a business license, and safety compliance standard, so contact your local health department to find out what will be required.
2. Auto Repair
With so much traffic all over the world, taking a car to the shop can be challenging. First of all, a user has to stand in a queue to wait for its turn, secondly wait for almost two days to get their vehicle back even if there’s a minor repair needed. It creates a lot of issues in front of the owner as either they have to rent another vehicle for the day or coordinate a ride with a friend or a colleague.
However, you can remove this difficulty by offering an auto repair online shop as it allows the user to get the repair done at home. If you have a team of skilled mechanics, then a mobile app development that offers oil changes, fluid refills, battery swaps, headlight repairs and more such repairs at home can be one of the most profitable business ideas in 2021. We all are going through this pandemic and an online auto repair shop can be beneficial for the people as well as for the business owner.
3. Online Electronics Repair
We all can say that everyone in this world is obsessed with electronics as they have become our life. People can be seen staring at their screen whether it is their phone, tablets, television, laptops, or PC. As per eMarketer, the average adult spends 3 hours 43 minutes on their mobile devices only which roughly accounted for 50 days a year. I guess this statement is enough to tell you the importance of electronic devices in our lives.
But what happens when these devices are not functioning properly in these times where you can’t step out of your home. If you have a team of electronic repair mechanics then this could easily be one of the most profitable small businesses for the upcoming year. Mobile app development will come in handy at the moment as the users can book a slot so the repairman can visit them at home and repair their device.
Another reason for it to be successful is the long queues and waiting period at the retailers as it doesn’t work in the favor of the users. With quick and reliable services you can keep yourself in business for a very long time.
4. Car Wash Services
Well, most people will not consider this as the most profitable business but Mobile car wash services are a big deal. If you do not know then many people would pay a premium for a mobile car wash that came to them, instead of having to drive across town to access a car wash. You can opt for a comprehensive mobile application or a website where users can book home car wash services. This unique idea is simple yet effective as it doesn’t require much investment because you do not need the startup cost of having a physical application. You need to start with buying auto detailing startup kits, as well as training for a car wash as you can offer different types of a car wash.
5. Personal Trainers
People are getting health cautions day by day and because of this they often pay high fees at a big corporate gym. With online personal trainers, you can give the users the steps of their own location to train clients. However, you can also visit the client’s house for the session. All you need to throw a few weights, bands, and yoga mats into the trunk of your car, and take your fitness show on the road.
You can become a personal trainer by offering one on one sessions to your clients. With the android mobile app development, you can allow the users to book slots for your session so they can achieve their goals. As more and more people are leaning towards a healthier life, an online personal trainer is surely a profitable business in 2021.
6. IT Support
Online IT support is surely going to be the most wanted and profitable business in the upcoming year. With all the work done on the systems and PC, computers have become vulnerable to hackers, identity theft, software and hardware problems. Unfortunately, when things go wrong, often the free customer phone support provided by manufacturers doesn’t feel supportive and many times fails to solve the problem.
If you have a team of experts that can solve such problems then you can offer online IT support or visit the place personally to offer help. You can earn a huge profit with this highly profitable business.
7. Enrichment Activities for Children
The number of children is increasing day by day, but parents do not consider enrichment subjects and activities like music, art, and athletics for them. But an application that allows parents to book enrichment activities for their kids outside school can be a beneficial job. For instance, you can opt for a gymnastics center, music, school, swimming instructor, yoga teacher, or other self-centered activities. All you need is a teacher that can easily teach a skill to young students, you might already have a profitable business in the making.
8. Newborn and Pregnancy Services
Pregnancy is not new as every year the number of newborn kids increases. And everyone wants to have kids so there must be child-centered businesses that help in growing, starting, with post-pregnancy and newborn-related services. You can have doulas and lactation consultants listed on your mobile app development which will allow the pregnant users to book a session and get the right information. Well, not many think of providing the right and accurate information to the people and that is why it can be one of the most profitable businesses to start.
9. Mobile Application for Children
Mobile applications for children are always going to be good business as you can choose from tech or entertainment so your youngest consumers can have fun. There is a very high demand for iOS mobile app development for children so they can learn and have fun with it. If you have an idea for entertainment or an educational app for children or parents then 2021 is the right time to move forward with it and turn it into one of the most profitable business ideas. There are many mobile app development companies that can help you with engaging and children-centric apps.
10. Shared Accessories and Attire
There are sites like Rent the Runway and Gwynnie Bee that have banked on the idea of the sharing economy where we want and need to own less stuff, so instead, we share our resources. This trend has allowed small businesses opportunities for these companies, who offer borrowed or rented clothing and accessories at a fraction of their purchase prices. Now the same piece of inventory can be borrowed by multiple people for many times it can easily generate good revenue.
You do not have to have a big inventory for it, however, you need to have unique and distinct clothing so you can easily turn it into profit from shared fashion at the local level. You can develop a mobile application from the top IT outsourcing companies and put all your inventory on it for rent and payment. It brings convenience to your customers as they have an app to check out everything as this idea has the potential to be the most profitable than the larger startups.
11. Virtual Assistant Services
It’s been more than 10 years since many people relied on personal assistants or executives. And now years later many still have the same workload and a complete schedule which makes an assistant is the need of the hour. With the top mobile app development companies, you can turn this opportunity into a profitable business with a virtual business. Your virtual assistant can choose your clients and create your own schedule managing emails, scheduling meetings, booking travel, and completing other basic tasks to make your users’ business run without any difficulty.
12. Social Media Management
Social Media is the king at the moment and to achieve excellence in the market, businesses need to work on their social media accounts too. But it can be difficult for businesses to handle their services and social media accounts at the same time. Customers look for businesses to have a strong social media presence and to be responsive in social customer service.
If you have a team of experts or know a few millennials who are fluent in Twitter, Facebook, LinkedIn, Instagram, etc, then you can start your own business venture which can be very beneficial in 2021. You can help businesses in creating a brand that will increase their revenue and yours too.
13. Marketing Copywriter
If you are a fast writer or an adept writer with words, you can easily use your talents to write copies for several companies as many enterprises look for writers who can do this for them. If you do not know then the content marketing industry has a worth of $412 billion by 2021. No matter if you have to write a catchy slogan or write an in-depth company description for a profile, you will be paid a good amount for it. So putting your writing skills in use can be really beneficial as a profitable business idea in 2021.
Consulting business has been in limelight for the past few years. Consulting can be of many types as you can share your knowledge and expertise in a particular field within your industry. So, being an expert can be really beneficial for you. You can have a mobile app development for your consultant firm so the companies can hire you for your expertise.
If you are an expert in a particular field then you can also be paid to speak at conferences or events so you can share the top strategies and get an opportunity to meet with other companies and share expertise with them too. No matter in which industry you are an expert in, starting a consulting business is a great way to make the income that you always wanted.
15. Graphic Design
Graphic Design skills are mandatory in today’s world as it is being used in every industry. Because a slick and engaging image has become more important than ever for small businesses. No matter what the business size is, some amount of graphic design work. If you have the skills of Photoshop, Illustrator, and InDesign then companies can benefit from your skills. You can be a freelance graphic designer and take hourly rates to help businesses by creating awesome marketing graphics.
16. Shared Home Improvement Equipments
As mentioned above the clothing rental online services, you can also rent the equipment needed for lawn, garden, and home repair. If you have an inventory of all these items then you can make a profitable business out of it. You just have to invest in some specific equipment that would be useful for people all around. With Android mobile app development, you can list the items and let the users rent them for a specific time period. If the users do not know how to use the services a handyman service owner can be really beneficial at the moment.
17. Academics Course
Due to coronavirus, everything has become important for us. And along with it, all the teaching has also gone online in schools, colleges, and universities. If you have expertise in a particular field then offer an academic course to the people on various platforms or create your own platform with the help of top IT outsourcing companies. The course can be anything, like your love of political history, rocket science, cryptocurrency, and turning it to be a profitable business in 2021.
18. Vacation Rentals
Vacation Rental is always a good idea when you own more than one room in your home. Vacation rental services are just like Airbnb where you allow the travelers to stay at your place at some substantial amount and earn profit out of it. It is up to you whether you allow them to use your utensils and food, however, it can be really profitable for you.
19. Business of Marketing Courses
During this pandemic, people are looking to upskill themselves in various domains and topics like marketing have great potential which makes it a superb idea for the upcoming year. If you have expertise in the field you can start a small business that asks for no initial cost. You can keep the popular topic in your marketing skills which can really help people in no time like how to write a great cover letter or create an amazing resume.
20. Language Courses
Communication is the key in today’s world and more and more people are looking to learn new languages as it helps them in various ways and is willing to pay for it. If you are fluent in more than one language then it can really help you financially. You can have a mobile app development that offers courses to learn several languages such as Spanish, German, Arabic, Mandarin, etc. An online language-based educational session could be one of your most profitable business ideas.
21. Personal Wellness
Are you a therapist or counselor, a yoga instructor, a life coach, or a long-time meditator? If you have a deep passion for personal wellness, you might be able to help others find their own zen—while also earning a significant income. All you have to do is share what you know.
If you’re skeptical about the combination of personal wellness and online courses, look no further than Oprah. She’s the personal wellness queen and has been an early advocate of online courses—including author Brene Brown’s CourageWorks on the power of vulnerability.
Every person has a desire to better themselves, and that’s exactly what online courses are all about. If you have this expertise to share, you could easily turn your knowledge into one of the most profitable businesses.
22. Bookkeeping and Accounting
Being a bookkeeper you can easily process invoices and payroll, compiling expense reports, and more. It will be a cherry on top if you have a CPA license, you can help business owners file taxes, create balance sheets and other important accounting documents, and make professional recommendations to your clients on what they should do and what not.
23. Courses in other Hobbies
There are many courses which are focused on education and career only. However, hobbies are also important and having a hobbies course can be really helpful. If you are an expert in any fun activity then you can easily design an online course around any hobby or interest. It can be anything, like calligraphy, mastered a video game as there are many people who are interested in learning these activities. You can use one of these courses to propel your own online course business or any of the other ideas on our list of the most profitable small businesses.
These are the top 23 top ideas from which you can profit a lot in 2021. You can choose from these and or something in which you are an expert. As these are the ideas that you can also consider to use and start a profitable business. It can be challenging because starting a new business is never easy, but with a little bit of help, you can easily achieve it.