Most Profitable Small Businesses To Start In 2024


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If you’re looking for the most profitable small businesses, look no further!

Some of these businesses require very little time commitment, so you can work them around your schedule while making money for yourself and your family.

You could even quit your job once you get these profitable businesses up and running- we certainly did!

Some have low startup costs and high profit margins– everything we look for when compiling our lists!

I’ve compiled the most profitable small businesses to start, like blogging, app development, consulting services, and more.

Online Business Ideas

Some of the most successful businesses you can start are online businesses because they have low barriers to entry, plus a low-cost startup means a higher profit for you!

Many people start these jobs as side hustles, but they have the potential to be new careers and long-term profitable businesses!

Take a long at these most profitable businesses and see what could make you the most money this year:

1. Affiliate Marketing

Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.

This can be done through blog posts, social media posts, or email marketing. As mentioned earlier, blogging is a great way to utilize affiliate marketing and earn passive income.

Some popular affiliate programs include Amazon Associates and Impact. However, there are many different companies and products that offer affiliate programs so it’s important to do your research and find ones that align with your niche and audience.

2. Bookkeeping

Many small businesses need help keeping track of their finances. If you have good organization and math skills, offering a bookkeeping service could be a great business for you.

The best thing about this business is that it will typically require very little start-up capital, which means you’ll have a good profit margin.

And you can provide bookkeeping services online or in person, which gives you more flexibility.

Bookkeepers tackle the daily spreadsheets and income statements and send that data to a certified public accountant (CPA).

Sign up for Bookkeeper Launch’s FREE workshop to learn how to start your own profitable bookkeeping business now.

FREE Training

3. Proofreading

If you want to get paid well and have more job security, even as a freelancer, you should consider becoming a proofreader.

Someone with an eye for detail, who likes reading or correcting work, would benefit from this business.

It’s a high-paying skill that businesses need for business documents, contracts, marketing ads, or anything else.

Sign up for this FREE Proofreading Workshop to learn how to start your own profitable proofreading business today.

4. Blogging

Yes, you can really earn money blogging, and it’s one of my favorite small business ideas!

There are many ways to monetize your blog, including affiliate marketing, advertising, and selling your own products online.

To have a successful blog, you will need a business plan and a marketing plan. Blogging usually requires social media marketing and growing your audience so more readers can find your blog.

If you are looking to start your own blog, check out my step-by-step tutorial here or check out my free Blog Boot Camp to get started!

5. Ghost Writer

Businesses are willing to pay top dollar for good ghostwriters! And working at home may be the best option for stay-at-home moms.

Ghostwriting is even more profitable than regular freelance writing because you can charge a premium to write works that are published under another author’s name.

With writing services, the profit potential is huge because you don’t have many costs associated with your business. That means you get to pocket most of the cash you earn.

The Freelance Write From Home eBook will teach you how to price your services and develop your writing business.