Who hasn’t dreamed of becoming their own boss? But starting and setting up a business requires a good idea that can be carried out within the context in which we live. In the following article, we tell you45profitable business ideasto start in the market today.
46 ideas for profitable businesses
To know which are going to be the most profitable business ideas, it is best to look around you and see what people need. If you see that something works then it is an indicator that people like it and there is demand.
To give an example, if you see that in each neighborhood of your city they are opening a type of business and it works and you see that there is an area that does not have it, then there is your opportunity, but don’t be late.
It is very important that you analyze the market, the sector and the competition and validate your idea before jumping into the pool without a net. Following thelean startup methodologyis a good way to approach it.
The most «trendy» for this year are undoubtedly these 10 sectors in which we encourage you to think of a solution that solves a problem of its users and create an original, creative and profitable business.
- Economy around pets (Pet Economy)
- Solutions and services for urban mobility
- Solar Energy, Sustainable energies and energy savings
- Support in digital transformation
- Remote health and well-being
- Big Data , Cybersecurity, AI
- Gaming, Esports
- Token Economy (NFTs)
- Content creator for the Metaverse
- Cryptoasset Investor
Maybe you also want to try your luck and start the adventure. Look at these 45profitable business ideas for 2024 that respond to market trends so you can have a vision of the sectors with the greatest growth potential.
Familiarizing yourself with the market and knowing the mines that you may find along the way is key to going more safely towards the new route you want totake.
It is essential, in any case, that you do astudy of the situation; competition, costs and possible benefits, and demand. Keep in mind that there are many companies and businesses that stay halfway, so arm yourself with courage and soak up the information.
46 ideas of business that can be profitable
1. Quality homemade food at home
The first of ourprofitable businessesby 2024 is fast food, a lifestyle from which we can no longer escape. It is the response to the work dynamics and pace of life that has been created, especially in large cities, in the last decade.
However, the arrival of the coronavirus has forced restaurant businesses to have home delivery and local pick-up services. Until now, it has been the only way they have had to survive.
On the other hand, many local location apps, search engines, as well as thedigitalization of businessesthemselves have been key to adapting their businesses during the time of confinement and the new normal.
2. Logistics and Supply Chain
Online purchases have increased, according to the consulting firm Nielsen, by 86% and have reached one million homes.
There has also been an increase in demand from e-commerce companies such as Amazon, which has already announced that it will hire 100,000 more workers in the United States due to the increase in orders.
Opportunities for profitable businesshave also been identified such as5G , robotics, the Internet of Things andblockchain to help link multiple buyers with multiple suppliers reliably through a ‘mesh’ of supply chains.
3. Sell second-hand items
The key to these profitable businesses isto accumulate stock with face and eyes and display it as if it were a new product. That is, do not accept any type of item or display it in any way in the store, because it will not be able to be sold and will scare away your customers.
For example: if as a customer I enter a second-hand store thinking about buying a television and I see a row of televisions from the year my grandmother or my mother was born.
I will not be interested in buying even if they sell it to me for one euro, because it is not practical for my needs. It is preferable to sell televisions that are 5 or 7 years old, for about 200 or 300 euros. So I would buy it, since a similar first-hand television would cost me 500 euros or more.
One of the problems that accompany this business and that makes profitable companies in 2024 related to security is thecontrol of illegal practices.
These businesses allow products that have been stolen to be resold. That is why a protocol is established; When you buy an item from someone, this item becomes part of a list that is sent to the police.
For the next 15 days you cannot sell or display the item until the police check that none of the products on the list match the description of an object that has been stolen and whose removal has been reported.
4. Franchises
Having a franchise isa step with a little less risksince you have the advantage of opening a business that already has a reputation, which makes it easier to start generating sales and profits quickly.
Furthermore, to buy a brand it is not necessary to make an exorbitant investment at the beginning of the business, there are different alternatives to finance yourself and, most importantly, in many cases the brand provides you with initial capital.
On the other hand, the clearest disadvantage is that you do not have total freedom in how to organize the business; There will be guidelines that the brand in question asks you to follow, especially regarding the company’s image. Keep reading more about profitable businesses.
5. Legal consultants in digital interactions
Another sector that is growing a lot is Legal Tech and that is why it deserves a place on our list of profitable businessesfor 2024. Due to the number of digital companies that are growing at an unstoppable rate and need technologies, software and services legal advice.
If you are specialized in the legal sector, one of your opportunities is to be adigital legal advisor. There are also opportunities in helping companies deal with issues such as the Right to be Forgotten on the Internet, communications or data processing. Also more general ones such as civil and/or commercial contracting, general conditions, company constitution or any legal aspect.
6. Home laundry
Anotherprofitable business that has become necessary for the times we live in. One of the characteristics that new consumers have in the new normal is the value of time, because their jobs take up most of their week, they decide to delegate basic tasks to companies that offer a useful, comfortable service that saves them money.
A very clear example is demonstrated by Mr Jeff, the laundry franchise that has conquered all of Latin America and Asia.
7. Creative pastry to order
For many people, cooking is a passion, as we talked about previously. In recent years, a series of influencers have emerged making delicious pastries, cookies, cupcakes, muffins or original cakes fashionable.
It is one of the most sought afterprofitable businessesbecause you can start from home. If you are passionate about it, you can do it in your free time as a complement.
The best advice to start is to investigate the possible market around you and create a personal brand around what you create.
One element that you must take into account to ensure profits is to ensure that the price you put on your products exceeds production costs.
The way to advertise can be through word of mouth, advertising pages or social networks. If you dedicate time and passion to the presentation you will see how the requests will come little by little.
8. E-commerce services
The growing confidence of Spaniards when thinking about buying something online. This situation has allowed many entrepreneurs to take the risk of investing in this business model.
Taking into account that what is sought today is to save time and money, consumers prefer to spend less time on “typical purchases” that you can easily make online. It is arguably one of the most profitable profitable businesses on the list.
9. Online classes
The term freelance, in the same way, is a trend that takes its place strongly in the possibilities of every entrepreneur, since if you have an area in which you consider yourself good enough, you can take the step and be part of the different communities of freelancers. and work for yourself. The profitable businesses on our list are growing!
10. Quality freelance in other languages
Another of our profitable businesses are freelancers specialized in languages. Currently, there are more than 20 million self-employed workers within the European Union.
Spanish freelance professionals can be offered in other markets with the aim that no one has to leave their country or home. It could be approached from the point of view of the headhunter, half consultancy, half international manager.
11. Leisure experiences for other audiences
The idea would be to apply a little of what the SmartBox is, for example to niches such as children. In this case, you could think of gifts that parents give for their children’s birthdays, or for example for people who are getting married, for a baptism or for any celebration. It is important to adapt to the audience you want to address.
12. Consulting
Do you have a talent for finances or are you an expert in digital marketing ? Then you can now start one of our top profitable businesses on the list, offering consulting to people or companies to improve their results.
Furthermore, consultancies, today, are one of the few profitable businesses that present low competition in the market. Therefore, it can be a great opportunity for those who have talent in areas such as administration and mathematics.
These people advise so that clients make better decisions about managing their money and help them reach their goals, carrying out personalized and specialized planning.
13. Coworking
There are more and more proposals for coworking spaces. In Europe and the United States they are already finding several niches and a way to enter this sector in Spain could go hand in hand with several segments such as, for example, female entrepreneurs with additional services.
14. Virtual regional tourism agency
One of the most sought after profitable businesses since traditional tourism lowered its income figures. Creating a virtual regional tourism agency could be another successful business.
By offering leisure and gastronomy packages, among others, you could create a seal of quality for the town/city. In addition, also the possibility of carrying out activities in all seasons and also carrying out activities for educational centers.
15. Tienda de e-commercecon dropshipping
Opening an online store is ideal when you have a great product in mind but you don’t have enough money to open a store, that is when it is a good time to open an online store.
In this way, in addition to avoiding financial issues, the marketing opportunities are endless. The main advantages of an online store would be that you can sell to anyone in the world, you have itopen 24/7, which means that you earn money even while you sleep and you can also run promotions.
Furthermore, if you take advantage ofdropshippingin your ecommerce you can create a profitable business without having to have stock or product. You can create a store on Shopify and fill it with products with a product aggregator or integrator.
16. Travel agent
Although today there are already quite a few platforms to book a trip, it is never too late to open one more and create something that identifies you.
If you are a travel lover, this is a good option for you (although the sector will still take a long time to recover) you will have to take into account flights, car rentals, hotels, apartments, restaurants, tours, activities, among many other things.
17. Event planning
Planning events or projects is something that can be done remotely, and offering your services to companies to create their own events could be a very good option for opening an online business. You can start this project from home and meet your clients in restaurants or cafes, or even in their offices.
18. Professional photographer
Regardless of whether it is for a wedding, a family event or for a business, people always look for a photographer so they never forget those special moments and also, people pay a lot for aprofessional photographer.If you have this skill, all you need is to open a website, a good camera and set your daily rate.
19. Online personal trainer
If you are a sports fan and you love the gym (now also virtual gyms) and you can show it, another option would be to open a gym in a city or town that you think will be successful or else, you can even open your online exercise channel and offer personalized live classes.
On the other hand, it would be interesting for you to take a nutrition course and thus be able to also offer these services.
20. Chef personal
On the other hand, if what you like is cooking, you can also offer personal chef services. With a website and with the demonstration that you know how to cook well, you will be able to have your own clients.
As a personal chef, you’ll spend your days cooking for people who don’t have the time to cook, but do have the money to pay someone.
If you want to stand out from the rest, it would be interesting if you offered meal plans suitable for each type of person.
21. Simultaneous translation
Simultaneous translation is another type of translation, also known as interpretation, and is usually applied especially at conferences and events in general.
This type of work is very dynamic and requires a lot of concentration and agile thinking. And the best thing is that it is a very profitable business, due to the fact that there are few competent professionals in the market.
22. Video class production
Another way to share your knowledge on the Internet is by creating videos explaining a topic and then publishing them on YouTube. This way you can work as an online teacher serving students from all over the world, since you don’t have to be in the same place as them to be able to teach.
You only have to record the classes once and you can sell them to thousands of people. On the other hand, you can also use free platforms to sell your courses and you don’t need to invest anything to get started.
23. Laundry services
Another profitable business that, little by little, is gaining more strength in our country is laundry services. If you’re looking to make money from home without having to learn something new, you can offer a laundry service that could expand in the future.
The only thing you will need is to have a good washing machine at home, establish a record of sales and expenses, establish your rates, the payment method and create a website to offer the services.
On the other hand, if you see that the business is getting bigger and bigger, it would be very interesting to look at a location and be able to expand the business with a public laundry.
24. Software development
If you are a programmer or have knowledge of web development, you can work creating websites, software and mobile applications for other companies. This is a job that pays very well and you don’t need a boss to do it.
25. Room rental
Another very interesting business is room rental, in this case it would be a very good option to open a website in which all room offers would be included. A very interesting business especially for students, but also for those people who change cities and do not have much to start their new life.
In addition, you could combine it a little with a tourism page since at the same time you could offer these people activities, such as tours and unique experiences.
26. Blogger
Thecreation of blogs is one of the most promising profitable businesses in recent years, as more and more people are searching for information and knowledge online, which means that the Internet audience does not stop growing. In addition, online businesses are an excellent alternative for those who wantto work from home.
27. YouTuber
Another profitable business idea that continues to gain followers is to be a YouTuber. It is estimated that the figures that a YouTuber generates per year reach 4 million euros.
But to be successful with this type of business, however, it requires a lot of work, since you must publish videos frequently and record, edit and disseminate your content. So we recommend that you read our post on how to be a Youtuber.
28. Marketing Analyst
The marketing analyst takes care of all of a company’s marketing strategies, from planning to execution. In addition, he must measure the results of his actions and think of techniques to boost sales.
29. Community Manager
TheCommunity Manageris a profession very similar to that of the marketing analyst, but this worker focuses specifically on social networks.
Working as social media is an excellent business opportunity, and can even be done as a freelancer. Do you want to continue learning about more profitable businesses? Keep reading.
30. Influencer digital
It could be another of the star profitable businesses of the year. The digitalinfluenceris the person who creates content on the Internet and has many followers, which transforms them into someone capable of influencing other people.
This type of professional can generate income in many ways, mainly by promoting brand products on their social networks. Without a doubt, this is one of the most desired profitable businesses today.
31. Screenwriter
The work of the screenwriter began to be highly valued with theboomin digital content. This professional creates scripts for everything, from videos on YouTube, such as online courses, videos for social networks or for TV, among many other contents.
32. Connection security
We continue with more profitable businesses by 2024: “Given the current Coronavirus situation, the maincybersecurity experts are warning of an increase in the rate of cyber attacks on hospitals and companies that have decided to opt for teleworking,” they say fromEmprendedores.
And the confinement has forced practically everyone with the possibility of working remotely or teleworking to do so from home.
33. You may also be interested in: Master in Cybersecurity
Many companies do not have or did not have VPN lines that protect their computers from possible malware, and this is where an opportunity is seen for the creation of companies related to security in teleworking in aspects such as firewalls,backups, VPN, antivirus, etc.”.
34. Online language school
This is one of the most profitable business ideas today. Language schools are everywhere and, like revision classes, they are increasingly necessary.
However, you will have to have something that distinguishes you from competitors: a different teaching method, a specific target audience (such as children).
If you don’t have enough money to open a store, one option would be to take classes online and live like “languages come first” does, an Instagram page that offers English classes at a very affordable price.
35. Personal shopper for work
Not all jobs are equally flexible in terms of clothing and some people need advice in this regard. Therefore, another of the innovative ideas to undertake if you like fashion and have knowledge about it, is to work as a personal shopper for those people who do not know what to wear to work or for a special occasion.
By creating your website and putting your rates and styles, you will be able to get loyal customers.
36. Plus size fashion
Selling clothes on the Internet is also a profitable business, but very few offer large sizes or footwear that falls outside of conventional sizes.
So this would be an ideal business if you are looking to start a business in the fashion sector. Today, only one in three Spaniards has an adequate weight and both the current physical and online markets do not cover this need.
37. Online Cooking Classes
Gastronomy is a sector that everyone likes and not all people know how to eat well or cook well, so if you are passionate about cooking, teaching classes could become an attraction for all profiles.
Cooking has become a kind of craft to eat delicious and healthy. So you could create a creative, exotic, and healthy cooking business.
38. Cleaning services
Cleaning services are always easy to offer and require no preparation or prior experience. You can open your website, even hire staff and then offer your services for cleaning houses, offices, premises, establishments, etc.
39. Dog watcher
Another profitable business idea that is very fashionable in the US is the dog walking and boarding service. If you are a dog lover, it would be a perfect business to implement here in Spain.
There are cities in which this work can be quite profitable. People who have a bad work schedule don’t have time to walk their dogs and are willing to pay for someone to do it. You can also offer additional services such as training, daycare, bathing, among others.
40. Services for older people and disadvantaged groups
To do this job you do need more experience but even so, it would be a very interesting business and another way to make a living.
The main activities that would be carried out are cleaning, laundry, bathing, eating, walking and helping with daily activities depending on each person you are caring for.
41. Wellness at home
The state of alarm and the forced confinement has caused the temporary closure of all businesses related to sports and people’s well-being. Technology has given us an excellent opportunity to exercise from home.
Even taking care of our well-being and setting up our own beauty centers based on tutorials and guided classes. From now on we will be able to see how gyms and sports centers will increase their appearance on content dissemination platforms and live classes.
42. Driver
Another profitable business is being a chauffeur, it is a relatively easy business to start if you live in a large city, as many business people prefer to pay for a chauffeur rather than drive themselves. You could also create platforms like Uber or Cabify and start your business.
43. Stylist or makeup artist
If you have experience in this industry or would like to take a course on styling, once you have the training it would be perfect to open your own beauty salon, but if you still don’t have enough money, you can start the business from home from a website.
44. Interior designer
Both home and business owners look for people to decorate their spaces. If you have design studios you can offer this service. With a website you can set your rates and even show your decorations. It is important that you know how to adapt to each client since not all people have the same taste.
45. Decorated cakes
Decorated cakes are becoming more and more popular, especially thematic ones. This product is highly sought after for events, birthdays, baptisms, weddings, baby showers and any type of party in general. This is a specialized job and it would also be important to have the option of gluten-free cakes.
46. Manicure and pedicure
The last profitable business idea that we present is that if you have a course in aesthetics such as manicure or pedicure, this business could be an excellent option.
More and more women are decorating their nails and doing extensions with new materials. The materials are simple, such as cotton, nail polishes, nail polish remover, files and pliers or gels or acrylic.
The great advantage of this business is that people usually repeat these actions every 3 or 4 weeks, so if you make your clients happy with you, you will always have work.
We hope that these ideas have inspired you a little on the path to entrepreneurship. Don’t forget that the important thing is to start something in which you know you will put passion and not just effort.
If you want to train in entrepreneurship, do not hesitate to do so with IEBS, take your ideas to success with the MBA in Digital Entrepreneurship with which you will acquire the knowledge and skills to develop a successful company. Join the digital change!