In this article, we will take a look at 20 easy-to-start small businesses that could elevate your income. If you want to skip our detailed analysis, you can go directly.
Our Methodology
To come up with 20 easy-to-start small businesses that could elevate your income, we employed a consensus approach. We consulted more than 10 similar rankings on the internet to aggregate some of the easy-to-start small businesses. Further, we decided to include small business ideas that belong to industries that have high growth potential.
01. Event Management
Compound Annual Growth Rate (2024-2030, Verified Market Research): 4.10%
Expected Market Value (2030): $1.25 Trillion .
2. Sewing and Alteration
Compound Annual Growth Rate (2023-2032, Polaris Market Research): 4.30%
Expected Market Value (2032): $14.14 Billion.
3. Personal Training
Compound Annual Growth Rate (2024-2028, The Business Research Company): 5.70%
Expected Market Value (2028): $51.69 Billion
Providing personal training services is one of the best easy-to-start businesses that could elevate your income.
4. Transcription Services
Compound Annual Growth Rate (2023-2032, Reports and Data): 6.10%
Expected Market Value (2032): $35.80 Billion
With rising technological developments, it is easier than ever to transcribe important documents. Business owners can sell their services via freelance platforms or enter into contractual relationships with specific companies. Budding entrepreneurs can also target specific industries such as the healthcare sector or legal sector to develop supporting transcription software.
5. Gardening Services
Compound Annual Growth Rate (2023-2030, Grand View Research): 6.40%
Expected Market Value (2030): $484.79 Billion
The landscaping and gardening market is expected to grow to a value of $484.79 billion by 2030 from $312.55 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. Individuals can provide garden maintenance and management services and can target either dual-income households or commercial buildings.
6. Food Truck
Compound Annual Growth Rate (2024-2029, Mordor Intelligence): 6.50%
Expected Market Value (2029): $6.87 Billion
A niche food truck is one of the easiest to start small businesses that could elevate your income. Business owners can target geographic locations with a large tourist influx and specialize in the production of specific niche cultural food items.
7. House Cleaning
Compound Annual Growth Rate (2023-2030, Grand View Research): 6.60%
Expected Market Value (2030): $616.98 Billion
House cleaning and general cleaning services rank among the best easy-to-start small businesses that could elevate your income. The rise in demand for house cleaning stems from the rising importance of hygiene post-COVID-19. Business owners may benefit from targeting dual-income households.
8. Clothing Business
Compound Annual Growth Rate (2024-2028, The Business Research Company): 6.90%
Expected Market Value (2028): $918.71 Billion.
9. Consulting
Compound Annual Growth Rate (2023-2032, Business Research Insights): 8.90%
Expected Market Value (2032): $1.24 Trillion
Digital marketing and strategy consultancy is an interesting way to start a consulting business. These strategies may strictly focus on enhancing the digital version of a business. These include the integration of cloud-based marketing automation software, risk management software, auditing and logging software, and data protection software.
10. Pet Care Services
Compound Annual Growth Rate (2023-2030, Grand View Research): 9.21%
Expected Market Value (2030): $50.07 Billion .
11. Child Care Services
Compound Annual Growth Rate (2024-2029, Mordor Intelligence): 10.10%
Expected Market Value (2029): $339.62 Billion
Child care services include daycare, early education, and learning software and tools. Business owners may provide parents with daycare and early education services. Additionally, budding entrepreneurs may also invest in launching learning software and tools for the development of the fine and gross motor skills of children.
12. Content Creation
Compound Annual Growth Rate (2023-2030, Grand View Research): 13.50%
Expected Market Value (2030): $69.80 Billion
Producing user-generated content is an interesting income opportunity. More and more companies are looking for influencers and marketers to produce content for their business. The growth in the demand for content creation is particularly fueled by the existence of generative artificial intelligence software.
13. Food Delivery Services
Compound Annual Growth Rate (2023-2032, Allied Market Research): 14.30%
Expected Market Value (2032): $1.30 Trillion.
. Online Tutoring
Compound Annual Growth Rate (2023-2030, Grand View Research): 14.90%
Expected Market Value (2030): $23.73 Billion
Online tutoring is an easy-to-start small business idea. Business owners can simply acquire free software such as Google Classroom, Google Meet, or Zoom to set up their online tutoring functionality. For credibility purposes, business owners may have to establish a website. They can advertise using social media.
14. Freelance Services
Compound Annual Growth Rate (2023-2031, Growth Market Reports): 15.10%
Expected Market Value (2031): $18.30 Billion
Providing freelance content writing, designing, and developing services are among the best businesses that can elevate your income. Individuals can set up their freelance services on prominent platforms such as Upwork, Fiverr, and Freelancer. To counter the saturation of such sites, individuals may set up a personal website and target large companies in need of those services.
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