Are you jobless or are you looking for another stream of making money online either from home or as a side hustle. in this article you will discover 28 highly profitable business ideas to start in 2020.
Notice. Experience , training or licensing may be needed for some of these profitable business ideas listed below
Meanwhile it is advice-able you start with a highly profitable business idea that is not too complicated, with time steadily, you are going to build that business based on your vision and beliefs with the aim of learning from your experiences in the business.
I managed to excerpt the following profitable business ideas from the latest trends in the digital world, so any one of this business ideas you choose to start with is going to yield a great income source for you.
28 highly profitable business ideas list
Here are the lists of the most highly profitable business idea that must trend in 2020.
1. Business plan service
Provide a business plan, including market research business financial statements and the business plan narrative. Your fees should be planned around the client’s needs and providing others as add-on services. Prepare for the digital or electronic files and allow them to take it from them, or you can keep the business plan on file and offer the service of tweaking it whenever required. Always have business plan samples to show clients and ensure to include your own.
2. Cleaning services
Another high profitable business idea in the list is cleaning services, there are many directions you can take this business. If you want to work during hours when no one else does, you can focus on office clients.
You can focus on retail businesses and keep your customers clumped into one or two blocks. Restaurants are in great need of daily thorough cleaning and can be a great source of steady clients. Perhaps you would be more interested in house cleaning. Many times with cleaning services you don’t have to spend lots of money on advertising or marketing because your customers will come by word of mouth.
Blogging is among the most highly profitable business ideas because you can work anywhere from home, office, and your income stream are limitless. The creepy aspect of blogging is that you get to make money blogging about what interest you. Cool right, so if you have a paid job there is no need quitting you can blend blogging as a side hustle in other words your PLAN B (another source of income), if you decid to choose blogging then here is a guide for you, follow this link How to blog and make money
4. Editorial service
This is a vase profitable business idea. Here are some of the editorial services you can provide from the comfort of your own home:
Copy editing. This is where fact checking takes place, and where grammatical, stylistic and typographical errors are caught.
Proofreading. This is the last stop for a “finished” piece. The proofreader makes sure the copy editing changes have been properly made and no new errors are screated in the process.
Indexing. There are indexing courses available and you can get indexing software.
Developmental editing. A developmental editor works with a manuscript on big-picture things like organization and content issues.
Book doctoring. This is an editorial service provided for manuscripts written by experts. They create a manuscript as best they can and then a book doctor puts it into publishable shape.
Ghost Writing. As a ghost writer, you actually do the research and write the book and someone else’s name is attached as the author.
Copy writing. Also known as business writing, this is writing that promotes a product or a service.
Book writing. Do you have an expertise in something professional, such as accounting or interior decorating? Or personally, like knitting? Why not write a book about it?
Magazine article writing. Magazines and newspapers are a great way to get your writing published before tackling the daunting task of writing a whole book.
Web page content provider. Providing content for a web site is a good way to make some money writing.
Editorial service as a profitable business idea can be easy to start-up due to there are so many freelance website, however I have written a simplified step by step guide, and also provided a free checklist for download on how to make money as an Editorial through Fiverr.com read it here Make Money on Fiverr as a Freelancer
5. Freelance graphic design
Despite the proliferation of the internet, print media is here to stay for the foreseeable future! Fliers, banners, newsletters, infographics, magazines, information sheets, letters and advertisements are just a few of the types of print media that business hire freelancers to design for them. Websites and online advertising need graphic design services as well. Even if your expertise is only in design, offer the works for potential clients, including the editorial creation and the printing and even mailing of the final piece. You can line up regular freelancers for those parts of the job you can’t do.
To be a consultant, you need to have an expertise in something so you can market yourself as an advisor to others looking to work in that area. Perhaps you managed several large warehouses in your career with a drugstore company, you did all the marketing for many years for a large shoe manufacturer or you set up a chain of beauty supply shops or take-out restaurants. You can use this experience to help others do similar things without making the same mistakes that you made along the way.
7. Event planning
Event planning is another great profitable business idea. One of the first things you need to do is visit every potential event location with which you plan to work. Work with the marketing manager to tour each site and learn what is available at each location. Start a database that will allow you to sort venues by varying features–the number of people each site holds, if there is AV equipment available on site, will you need to arrange for rental chairs, etc. Then when you are beginning to plan an event with a client, you can find out what the key parameters are for the event and easily pull up the three or four sites that meet the basic criteria. and engagement parties, etc.
Making money as a photographer can be done in a number of different ways. You can specialize in one area, the most common being weddings. There are niches you can explore for photography: portraits of people and their pets, families, and homes; photographs of holiday events, birthday parties or Christmas cards; the possibilities are endless
9. Hair stylist
Hairstyling is a profitable business idea that can be quite lucrative. Generally a home based hairstylist business is likely to be started by someone who has already has a cosmetology career and wants a change. If you already have your cosmetology training and license, and loads of experience under your belt working in a hairstyling salon, you probably have a following that will follow you right home without any hesitation.
10. Website developers
Many courses exist (many of which, logically, are offered online) where you can learn the language of website creation and can learn about the details, like how to set up shopping cart systems, security concerns, etc. You will, of course, need to learn about each company you design for. What is the atmosphere of the company that you need to reflect in the website design–is it wild and contemporary, meaning brilliant colors and fun graphics? Or will more classic colors like black, navy blue and maroon be more appropriate?
11. Appliances repair
Every household has a number of appliances, large and small. You can work on your own or on contract with appliance stores to cover their warranty service calls–or, best of all, you can do some of each. Plan to start slow and build your customer base on recommendations and referrals based on work well done. Consider developing relationships with contractors to be the go-to person to install appliances in newly constructed houses.
12. Personal concierge
This business idea is for someone who is supremely efficient and has the ability to make things happen. People who hire you will expect things when they want them and you need to be able to come through with not only what they want, but with a personal touch and a smile on your face. The most likely clients for a personal concierge service are top executives who find themselves at the office by 7 a.m. and are there most nights until 9 p.m., leaving them very little time to do all those things that often need to be done during those very hours.
13. Import/export specialist
If you don’t already have work experience with importing and/or exporting, you will have a longer learning curve. You can start by learning the basics and hosting educational sessions to teach others what they need to know to get started in import/export. That alone would probably gain you your first couple of clients. If you keep going with educational seminars and expand your reach to outside your immediate region, you could probably develop a sufficient and ongoing customer base very quickly, but be careful not to outpace your learning curve!. Well, among the highly profitable business ideas listed if you choose importation then read this step by step guide on How to do Mini Importation from China to Nigeria
14. Personal trainer
Advertise your services in places where everyone goes, like restaurants and grocery stores. Having a website is a good idea–people want some privacy in their decision-making when it comes to getting fit. They can go to your website and determine if your approach to personal training is an approach that would work for them. It is important to emphasize the safety aspect of using a personal trainer. You can help clients get fit and avoid injury.
15. Interior decorator
Market your talents to building contractors. People purchasing new homes can often be overwhelmed with the choices and possibilities in home decorating. Design some questionnaires for each major element and each major room in the house. Find out how the homeowner will use the home–are there children? Pets? Does the woman of the house wear high heels? Do the home’s residents neglect to remove shoes? How will each room be used? Where might task lighting and ambient lighting be most appropriate?
15. Marketing Copywriter
Among all the highly profitable business ideas listed this happens to be my favourite. If you can write copy that gets people excited about purchasing what your client has to sell, you can make good money in this business. Unless you are highly experienced from working in the copywriting field, take a Mentorship. There are online courses or classes at community colleges and universities that can give you a leg up in getting savvy at writing copy for brochures, catalogs, advertising and, of course, marketing copy for the web. However, you can also have a strong knowledge on completing by reading this simplified guide 7 Best copywritting skills/practices for beginners.
16. Property management
Your job, in the case of rental units, will be to make sure the property is running smoothly. For seasonal properties, you will most likely spend your management time making sure the property is ready for seasonal visits and well-maintained when no one is around. If the owners go away for six weeks in the winter, the property manager makes regular checks on the property. You will be the contact number if the security system operator needs to contact someone about a breach in security.
17. Wedding planner
You will need to be up-to-date on wedding trends and fads, dress styles, color trends–almost everything under the sun! Offer your customers an ala carte menu of services, from helping pick flowers, the wedding gown and bridesmaid dresses to picking the venue and hiring the caterer. Before you open your business, shop at all the wedding shops, and even pretend you are a bride-to-be to see what kinds of services the wedding gown shop provides and how they treat potential customers. You need to know every detail of the business to give the accurate impression that you are the go-to person for anyone planning a wedding.
18. Computer trainer
If you are proficient in both Macintosh and PC, you should offer training in both types of computers. You could probably make a living helping seniors learn how to use the internet and e-mail to keep in touch with their loved ones, who are now commonly spread around the country. Err on the side of caution in this business. People do not want to know all the details about what makes a computer work. If you overload them with information from the beginning by explaining bits, bytes, and mega-pixels, they will stick to their paper and pencil forever.
19. Fence installation
Fences are everywhere. And they don’t last forever, so they need to be repaired and replaced with a certain amount of frequency. The most common fence material is wood. However, vinyl has become a popular fence choice due to its longevity and relative freedom from maintenance. Wrought iron is another common fencing, especially in urban environments. You can have fun shopping for vintage wrought iron fencing at salvage yards.
Perhaps you love children. Perhaps you have children of your own and the idea of taking care of a few more for part of the day appeals to you. Child-care needs continue to soar in the United States. Many people prefer the option of their child being cared for in a home environment while they are at work, opposed to a more institutional-like setting. These things mean that a home-based childcare business can get off and running immediately.
21. Computer repair
Study the main types of software that system users will want–word processing, photo manipulation software, mail merge, spreadsheet, design and especially security software. Investigate all the components–monitor types in all their varieties; keyboards, from wired to ergonomic to wireless; mouse types; as well as peripheral components like printers and scanners. Become completely familiar with all the ISPs (internet service providers) available in the market area you plan to cover. Establish yourself as the guru who can meet the needs of the personal computer user, the small business or a larger corporation.
22. Solar energy consultant
As a solar consultant, you can basically conduct a home inspection and give clients a report on their solar options for their particular home and site. This can range from full-fledged general solar installations that generate electricity to simple solar walkway lighting. You might want to start by working in a solar products company to become knowledgeable in the solar energy field. However, to be a consultant, it is often best not to be affiliated with any one company or product and be able to recommend products and options across the field of solar energy.
23. Dog walking
Dog walkers take pooches out for their daily constitutional one or more times a day, either individually or in small groups. In some cities across the United States, like New York, dog walking alone can be a booming business. But it’s actually more common for dog walkers to offer additional services, including playing with and feeding pets, bringing in newspapers and mail, and turning lights on and off.
24. Music lessons
You want to stick to the instrument(s) you know, but you may be a skilled enough musician to offer lessons on several different instruments, or those in a particular class, e.g., stringed or woodwind. You can decide to take on individuals or classes, depending on space and availability of instruments. Public schools are continually reducing their commitment to art and music classes for students, so you can try to work with the public school system to supplement their efforts in those areas.
25. Jewelry making
There are many different ways of getting into the jewelry business and many different types of materials with which you can work. Working in metal will probably require the most in the way of specific tools. You need to be able to heat the metal to manipulate it, and you need metalworking tools to cut and engrave it. But there are many other materials that you can work with to make jewelry–glass, plastic, beads, feathers, even wood, to name just a few.
26. Financial planner
To start, you should go through the certification process so that you can label yourself a CFP (Certified Financial Planner).Your certificate shows that you have expertise and credibility, and this differentiation will help people choose you as their financial planner.
If you have a knack for this type of work, a degree won’t be necessary. Most people want their yards tidied up in the spring, their lawns mowed in the summer, their leaves removed in the fall, and their shrubs and driveways ready for winter snow. You will also want to offer garden work such as spring planting of annuals and perennials; vegetable garden preparation, planting and fall cleanup; pest control and watering. You can offer tree care service. There is plenty to do in the yard that has nothing to do with plants: stone wall restoration, fencing, irrigation system installation.
28. Massage therapist
You will want to become certified in massage therapy to be able to effectively market your services. Courses that lead to certification include not only information on human anatomy and physiology and the effects that massage has on both, but also on how to make a business out of the field of massage. You could do either a certification program or an associate’s degree and stay within the $5,000 scope of this book.