10 Profitable Business Ideas For 2020

TL;DR

Learn about 10 profitable businesses that require a low startup cost, including Airbnb tours, meal prepping services, personal training, consulting, moving services, Etsy stores, selling physical products, event planning, clothing business, and pet-sitting services.

Transcript

hey so in this video we're gonna be taking a look at 10 different profitable businesses for 2019 now when creating this video we kept in mind that many people want to start a business with a relatively small amount of money so we're talking a thousand dollars or less to get started some of these don't require any money upfront to start your own bus... Read More

Key Insights

• 💨 Offering Airbnb experiences can be a fun and profitable way to showcase your city's unique attractions.
• 🥵 Meal prepping and delivering home-cooked meals cater to the busy lifestyle of individuals who prioritize healthy eating.
• 👨‍💼 Personal training provides an opportunity to help others achieve their fitness goals, with the potential for a rewarding and flexible business.
• 😘 Consulting and service-based businesses offer high-profit margins and low overhead costs, making them attractive options.
• ❣️ Starting a moving service business can be lucrative, especially when individuals need help with heavy furniture and appliances.
• 🏛️ Etsy stores provide a platform with built-in marketing, making it easier to sell handmade or vintage items.
• 🤨 Selling physical products can be achieved through crowdfunding, allowing entrepreneurs to raise capital without traditional investment routes.
• 🧡 Event planning services can cater to both corporate and social events, providing a wide range of opportunities.
• 👨‍💼 Creating a clothing brand with a specific target market and a meaningful message can build a successful business.

Questions & Answers

Q: What are some unique options for Airbnb experiences?

Apart from traditional tours, you can offer bar crawls or pub crawls, allowing people to enjoy a night out while getting paid.

Q: Is previous experience necessary to start a meal prepping business?

While experience in the food industry helps, anyone who can cook well can start a meal prepping service as long as they have clients who are willing to pay for their services.

Q: Are there any specific requirements to become a personal trainer?

It is recommended to get certified as a personal trainer, but having your own gym is not necessary. Personal training sessions can be scheduled around your availability, making it a flexible business option.

Q: What are the advantages of starting an Etsy store instead of your own website?

With Etsy, you benefit from their search engine and existing customer base, eliminating the need for extensive marketing efforts. It allows you to focus on creating and selling products.

Summary & Key Takeaways

• Airbnb Experiences: Create tours in your city, such as walking, historical, bike, or boat tours, or get creative with bar crawls and pub crawls.

• Meal Prep and Delivery: Cook and package home-cooked meals for busy individuals who don't have time to cook but want healthy options.

• Personal Training: Become a certified personal trainer and help clients with their fitness goals.

• Consulting: Offer services in specialized areas like graphic design, web development, or marketing, providing high-profit margins with low overhead costs.

• Moving Services: Start a moving service business, offering labor for individuals who need help relocating their belongings.

• Etsy Store: Sell handmade or vintage items on the Etsy platform, taking advantage of the built-in search engine and marketing.

• Selling Physical Products: Develop and sell a unique product, using crowdfunding platforms to raise capital for production.

• Event Planning: Create an event planning service, catering to either corporate or social events.

• Clothing Business: Build a clothing brand with a specific target market, aiming to create a feeling or expression through the clothing.

• Pet-Sitting Services: Offer pet-sitting services, taking care of pets in their homes while their owners are away.