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1. The 5 Most Profitable Small Businesses& Industriesin2019
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The 5 Most Profitable Small Businessesin2019
1. Mobile Businesses
2. Child-OrientedBusinesses
3. “SharingEconomy”Businesses
4. Online EducationBusinesses
5. Freelance B2BService Businesses
Some people ventureintoentrepreneurshipknowingwhatindustrytheywanttoconquer andwhattype
of businesstheywanttostart.However,formanynew entrepreneurs,itcanbe difficulttofigure out
howto start a businessandexactlywhatkindof businessisthe bestchoice.It’stoughtofindthat
perfectidea.
If you’re determinedto startyour ownbusiness,youprobablyknow atleasttwothingsforsure:You
wantto be yourown boss,andyou wantto make a profit.Are youstill tryingtofindthe right business
idea?Getinspiredby2019’s five mostprofitablesmall businesses.
Each of these businesstypesisgrowingquicklyandcanprovide youwitha goodlivingforyourself and
your family.Evenbetter,none of themrequire alotof capital to start out with.Withthe right
combinationof hardwork,determination,andresourcefulness,youcanstart one of these profitable
small businessesin2019.
Most Profitable Small Business#1: Mobile Businesses
While mobile appdevelopmentiscertainlyahuge industryrightnow,that’sactuallynotwhatwe mean
here.Inthiscase,we’re talking aboutbusinessesthattravel totheircustomers,offeringtheirproducts
and serviceswhereverthe customerhappenstobe.Wagesare setto increase in2019 and beyond,but
consumersfeel like theyhave lessandlesstime,settingthe stage formobile businessestogrow even
more profitable.
Auto Repair
Takinga car to the shop forevensimple repairscanbe a challenge.Afterall,mostof ususe our cars to
getfrom place to place!That meanstakinga car in forrepairsofteneitherinvolvesalongwaitat the
repairshop,rentinga vehicle forthe day,orcoordinatingaride witha friendorspouse.These options
are bothexpensive andinconvenient.
The good newsisthat while some repairjobsdorequire the equipmentof anautoshopto complete,
there are plentyof maintenance andrepairservicesthatneedjustafew simple toolstocomplete.If
you’re skilledasa mechanic,considergoingmobile withyourservices—offeringoil changes,fluidrefills,
batteryswaps,headlightrepairandmore rightin your customer’sdrivewayoroffice parkinglot.
2. Food Trucks
The foodtruck movementisslatedtokeepgrowingin2019. Asrentin majorcitiesacrossthe country
increases,it’sbecomingmore difficultforup-and-comingspecialtyfoodartisanstofinance abrick-and-
mortar locationinthe bustlingcentersof town—where theircustomersare mostlikelytobe.
Foodtrucks provide agreat solution.Hitthe roadand park yourself atlocal events,farmersmarkets,the
local townsquare—whereveryou’re likelytodraw a crowd.The loweroverheadandincreased
geographicversatilityof afoodtruck meansyoucan turn your grandma’sfamousdumplingrecipe or
that off-the-wall dessertideaintoitsownthrivingbusiness.
Keepinmindthatbigger,trendiercitieslike SanFrancisco,Portland,andBostonalreadyhave apretty
saturatedfoodtruck market—soyoumightbe more successful inasmallerheartlandmetropolis.Food
trucks alsotendto have theirownspecial setof ordinances,businesslicenses,andsafetycompliance
standards,socontact yourlocal healthdepartmenttofindoutwhatwill be required.
Car WashServices
Most people wouldpayapremiumfora mobile carwash came to them, insteadof havingtodrive
across townto access a car wash.Thisisespeciallytrue forpeople withupscalecarswhoprefera more
personalizedservice.Asamobile carwashand auto detailingservice,youwouldn’tonlybenefitfrom
the unique value propositionof beingmobile,butyou’dalsoavoidthe significantoverheadandstartup
cost of havinga physical location.
Notsure howto start yourown mobile carwashservice?There are a varietyof online wholesalersthat
offerautodetailingstart-upkitsaswell astrainingforthose interestedinstartingtheirownbusinessin
thisniche industry.
ElectronicsRepair
To say that Americansthese daysare obsessedwithelectronicswouldbe abitof an understatement.
People spendmostof theirwakinghoursstaringata screenof some sort. Thiswidespreadtech
addictionmeansthatwhensomethinggoeswrong,people wanthelpassoonaspossible.
Thisexplainsthe popularityof mobile electronicrepairservices.Youcouldbe the solutionforevery
brokeniPhone screen,WiFicard,andlaptopbattery.Andif you’re willingtotravel toyour customer,
you’ve gotan instanthit!Apple storesandotherelectronicsretailershave come underfire recentlyfor
longcustomerwaittimes,whichcouldworkinfavorof mobile providers.
While amobile electronicsrepairbusinessinvolvessome overheadin the formof purchasingsupplies,
keepingyourbusinessmobile savesyoufromthe highoverheadcostof a physical location.Thatmeans
more profitinyour pocket!
IT Support
Althoughtwo-thirdsof Americansthinktheyare thinksavvy,the truthisthat theyoftenneedtorelyon
techsupport.Some evenmake theircomputersorotherdevicesvulnerable tohackersandidentity
3. theft.Unfortunately,whenthingsgowrong,oftenthe free customerphone supportprovidedby
manufacturersdoesn’tfeel supportiveor failstosolve the problem.
If technologycomeseasilytoyou—andyou’rearelativelypatientperson—thenconsiderhittingthe
road, at leastinyourneighborhood,withmobileITsupport.All youneedistime,transportation,and
your ownknow-how—sothislow-overheadbusinessmodelisalmostpure profit.
Personal Trainers
Turningyour love of fitnessintoacareerdoesn’thave tomeanworkingfora bigcorporate gym—nordo
youneedthe overheadof havingyourownlocationtotrain clients.Throw afew weights,bands,and
yoga matsintothe trunkof yourcar, and take your fitnessshow onthe road!
Offerone-on-one sessionsinyourclients’homesoradvertise groupclassesatalocal park or community
center.Makingfitnessmore available toyourclients mightjustbe the tickettohelpingbothof you
achieve yourgoals.AsAmericansstartto eathealthierandexercisemore,fitnessandwellness
businessesare increasinginpopularity.
The Mobile IndustryStartupToolkit
Readyto enterthe mobile industrywithone of these businessideas?
Don’tget movingwithoutthese essentialtools:
Your BusinessCreditCard:The Chase InkBusinessPreferred
Since you’ll be onthe move a lot,the Chase InkBusinessPreferredisatop creditcard for maximizing
your travel rewards.Plus,itssizable signupbonus(80,000 bonuspointsif youspend$5,000 inthe first
three months) will kick-startyourrewardsearnings.
Your AccountingSoftware:QuickBooksOnline
QuickBooksOnlineisthe mostpopularcloud-basedaccountingplatform.Whenyourbusinessisonthe
go, thisaccountingappwill travel well withyou.
Your BusinessCheckingAccount:Total BusinessCheckingFromChase
4. Chase mobile bankingappsgetsparticularlygoodreviewsandmakesagoodpartner to theirbusiness
creditcards. If you needtoaccessyour businessbankaccountsonthe go, try theirTotal Business
Checkingaccount.
Most Profitable Small Business#2:Child-OrientedBusinesses
millennialsofficiallysurpassedbabyboomersasthe largestlivinggeneration.Althoughtheyare
deferringparenthoodforlongerthanpreviousgenerations,theyeventuallywanttohave kids.Infact,in
2016, 1.2 millionmillennialsbecame first-timemothers.Andmillennials’parentingattitude isinvolved
and intense.Forsmall businessowners,thismeansexactlyone thing:kidseverywhere.Andthose kids
representbusinessopportunitiesjustwaitingtobe capitalizedon.
Checkout these child-orientedconsumerneedsthatyourfuture small businesscouldfill:
Newbornand Post-PregnancyServices
The needforpost-pregnancyandnewborn-relatedservicescontinuestogrow.Demandfordoulasand
lactationconsultants,inparticular,have risenamongnew mothers,andbothbusinessoptionshave
relativelylowoverheadrequirementsbeyondeducationandcertification.
EnrichmentActivities
While the numberof childreninthe UnitedStatesgrows,shrinkingbudgetsforeducationmeanthat
bothtraditional academicsandenrichmentsubjectslike music,art,andathleticshave takena significant
hit.
As a result,more parentsare turningto private businessesforenrichmentactivitiesoutsideof school.
Businessislookinggoodforgymnasticscenters,musicschools,swimminginstructors,kids’yoga
teachers,andotherchild-centeredactivities.If youhave askill thatcouldbe easilytaughttoyoung
students,youmightalreadyhave aprofitable businessinthe making!
Mobile AppsandEntertainment
If your interestslie closertotechor entertainment,considergearingyourtechnologytowardthe
youngestof consumers.Researchshowsthatregardlessof expertrecommendations,demandfor
tablets,apps,andmobile entertainmentforchildrenisonthe rise.
5. Do youhave an ideaforan educational appforchildrenorparents?If so,now’s the time to move
forwardon yourbrightideafor the nextgeneration.
The Child-ServicesStartupToolkit
Readyto forayintoentrepreneurshipwithachild-orientedbusiness?
Don’tget startedwithoutthese essential toolsinyourbackpocket:
Your BusinessCreditCard:The Capital One SparkCashfor Business
Since you’ll have enoughonyourplate withyournew business,the Capital One SparkCashearns
rewardswithoutyouhavingtodo a thing.Thisisthe perfectcardfor businessownerswhowanttoearn
cash back on theireverydayspending,butdon’twanttodeal withthe hassle of optimizingand
redeemingrewards.
Your AccountingSoftware:Xero’sStandardPlan
Xero’sStandardPlanisan affordable small businessaccountingsolutionthathasanythinga small
businesswouldneed—payroll,mobileaccess,inventorytracking,CRMintegration,andmore.
Your BusinessCheckingAccount:SparkBusinessBasicCheckingFromCapital One
As a newbusinessowner,youwanta businesscheckingaccountthat’ll helpgrow yourbusiness—not
cost youa fortune.The SparkBusinessBasicCheckingaccountfromCapital One offersanaffordable,
simple bankingsolutionforgrowingbusinesses.Plus,thischeckingaccountpairsnicelywithanyof the
Spark businesscreditcards—like the SparkCash.
Most Profitable Small Business#3:“The SharingEconomy”
mostprofitable business
We wantand needtoownlessstuff.That’sthe basicmessage thatbroughtabout our so-calledsharing
economy.Whetherbecause of environmentalconcerns, economicnecessity,orsimplyadesire formore
humanconnection,the ideaof sharingresourcesasa small businessopportunityhashititbigin the last
fewyears.Andwhile the opportunityforgrowthinthe large-scale sharingeconomyisstillhuge,there
are alsomore and more opportunitiesleftavailable atthe local small-businesslevel.
6. Maybe youhave a big ideathatwill make yourbusinessthe nextUber,DogVacay,orAirbnb.Ormaybe
you’ll make the sharingeconomyworkforyouon a smallerscale.
Here are some profitable businessideastocapitalize onthe sharingeconomy:
AccessoriesandAttire
Siteslike Rentthe RunwayandGwynnie Bee have bankedonthe sharingeconomybyofferingborrowed
or rentedclothingandaccessoriesata fractionof theirpurchase prices.Andbecause the same piece of
inventorycangenerate revenue multiple times,the profitabilityof these venturesisprettysignificant.
Do youhave an eye forfashionanda sense of style notcurrentlyofferedbyotherrental services?
Maybe you’re readytobe the nextbigthing!
But evenif you’re notpreparedtolauncha multi-milliondollarfashionstartup,youcanjustas easily
profitfromsharedfashionatthe local level.Gathersome favorite accessoriesorclothingpicksandhost
a borrowingpartyfor highschool studentsbefore the nextformal dance.If you’re inacollege town,
greeklife formalsare anothergreatopportunitytoprofitfromsharedeconomyfashion.Andbecause
you’re takingshippingcostsoutof the equation, youhave the potential foranevenbetterprofitmargin
than the largerstartupsenjoy!
Home ImprovementEquipment
Are you the go-toguy or gal in yourneighborhoodforeverylawn,garden,andhome-repairtool under
the sun? Whynot turn those favorsinto a profitable businessbyadvertisingyouravailable equipment
beyondyourimmediatefriendgroup?
You mightevendecide toinvestinmore specificandhigher-costequipmentthatwouldbe usefulto
those aroundyou.Andif a customerdoesn’tknow how touse a specifictool,combine yourequipment
rental witha mobile handymanservice forevenmore cashinthe bank.Thiscouldbe a bigopportunity
as more people investinfixerupperhousesandare inneedof toolsand advice.
VacationRentals
Siteslike AirbnborVRBOhave made iteasierthanevertoprofitfromyour unusedvacationproperty—
or evenyourextrabedroom.If youlive ina highlydesirable touristdestination,youcanmake a pretty
pennyrentingspace inyourhome to travelers,andmake afew friendsinthe process!
7. The Sharing-Business’sStartupToolkit
If you’re venturingintothe sharingeconomywithanew business,here are the toolswe recommend
youhave by your side:
Your BusinessCreditCard:The Chase InkBusinessPreferred
Entrepreneursinthisindustrytendtobe onthe go, and everyfrequenttravelershouldhave the Chase
InkBusinessPreferred.Plus,ithasa killersignupbonusthatamountsto$1,000 worthof free travel.
Your AccountingSoftware:FreshBooks
FreshBooks offersatopaccountingsoftware forbusinessownerslookingforaffordable pricesandano-
fussuserexperience.
Your BusinessCheckingAccount:Total BusinessCheckingFromChase
Businessesinthe sharingeconomycangrow fast.Chase Total BusinessCheckingworksparticularlywell
for micro-businesseswithlarge growthnumbersintheirfuture— andit’sagoodfit if you’re alsousing
one of theirbusinesscreditcards.
Most Profitable Small Business#4:Online Education
Most Profitable Industries
What industryare youan expertin?What knowledgedoyouhave toshare withthe world?Online
businessownersare makingbigbucksofferingcoursesthrougheducational platformsorindependently
throughtheirownwebsites.
The overheadrequirementsof developinganonline course are prettyminimal.Youneedaplatform
(thinkUdemyorRainmaker),some content,andanaudience.Itmighttake some significanttime to
developyourcourse andmarketingdollarstofindandattract youraudience—butonce you’ve
completedthose steps,there iszerocostperunitsoldand no limittohow manyparticipantsyoucan
have.
If you’re not sure where tostart, considerwhetherone of these niche topicsmaybe the rightfit:
Academics
8. Whenmost of us thinkabouteducation,ourmindsimmediatelyjumptotraditionalacademics.And
while academicsiscertainlynotthe onlysubjectthatfitswell withonline courses,itisaviable option!
Especiallyasmore andmore Americanschoolsstruggle toprepare studentsforbothstandardized
testingandlife outside the classroom,there’sample opportunityforteachersandsubjectmatter
expertstoearnincome throughonline courses.
Offersupplementalinstructioningrade-levelreadingmath,science,orhistory,orevenstandardized
testpreparation.Youcouldevencreate a review course forparentshelpingteenswiththeiralgebra
homework!If you’re creative,the possibilitiesare trulyendless.
Andacademiccoursesdon’thave to endat the highschool or evencollegelevel!Share yourlove of
political history,Buddhisttheology,orrocketscience.If you’re interestedinaparticularsubject,chances
are highthat someone elseis,too!
Languages
Additionally,ascommunicationimprovesandbordersblur,consumersall overthe worldare lookingto
learnlanguages.Whetheryoutake tothe online educationwithexpertise inthe Englishlanguage,or
youharnessyour masteryof Swahili,there’slikelysomeone outthere thatwantstolearna language
fromyou.And they’re probablywillingtopayforit. Youmighthave a thrivingbusinessonyourhands
especiallyif youspeakthe mostin-demandlanguagesin2019 and beyond—suchasArabic,Spanish,and
Mandarin.
If you’re skilledinanobscure language,oryou’re especiallyadeptatteaching amore widely-known
language,thenanonline language-basededucational sessioncouldbe one of yourmostprofitable
businessideas.
BusinessorMarketing
The sad realityisthat while liberal artsdegreesmightdevelopcriticalthinkers,manycollege graduates
don’tcome away withmarketable skillsthatmake themsuccessful inbusiness.Yourabilitytofill in
those gapswithyour ownexpertisecouldprovideyouwithanincredible incomeopportunityatvery
little startupcost.
9. What skillsandlessonshave youlearnedthe hardwayinyour ownbusinessorcareer?Share your
expertisewithfellowentrepreneursthroughaB2B-orientedonline course.Popularcourse topicsinclude
bookkeeping,QuickBooksaccounting,WordPresswebdevelopment,graphicdesign,how todevelopa
great clientproposal,orevenhowtowrite agreat coverletteror resume.
Personal Wellness
Are you a therapistorcounselor,ayoga instructor,a life-coach,oralong-time meditator?If youhave a
deeppassionforpersonal wellness,you mightbe able tohelpothersfindtheirownzen…While also
earninga significantincome.All youhave todoisshare what youknow!
If you’re skeptical aboutthe combinationof personalwellnessandonline courses,looknofurtherthan
Oprah.She’sthe personal wellnessqueenandhasbeenanearlyadvocate of online courses—including
author Brene Brown’sCourageWorksonthe powerof vulnerability.
Everypersonhas a desire tobetterthemselves,andthat’sexactlywhatonlinecoursesare all about.
What expertisedoyouhave to share?
OtherHobbies
While manycoursesare designedtofurtheraneducationorcareerprospectsor to promote majorlife
change,youcan justas easilydesignanonlinecourse aroundanyhobbyorinterest.Doyouhave a
passionforcalligraphyorcraft brewing?Have youmasteredacertainvideogame?You’dbe surprisedat
the numberof people willingtopayto learnabout topicsthey’re interestedin.
Notsure howto start designingyourownonlinecourse?Well,there’sevenanonline course abouthow
to launchan online course!Sonowyoureallyhave noexcuses.
The Online EducationBusiness’sStartupToolkit
Puttingyourknowledgetouse withanonline educationbusiness?Make sure you’ve gotthese
essentialswithyoufirst:
Your BusinessCreditCard:The AmericanExpressBlue BusinessPlus
If you’re startinga businessbasedonskillsyoualreadyhave,thenall youneediscapital togetit going.
Put expensesonyourcreditcard rightawaywitha 0% introductoryAPRcard like the Blue BusinessPlus
fromAmex.We especiallylove the Blue BusinessPlusforitslengthy0% introAPRperiodof 15 months—
10. it’sthe longestonthe market.Afteryour15 interest-free monthsare up,avariable APRsetsinat a rate
dependingonyourcreditworthiness.Thisrate will alsovarywiththe market,socheckthe termsand
conditionsforthe latestAPRinformation.
Your AccountingSoftware:QuickBooksOnline
If you’re workingprimarilyonline andyouwantall of yourtoolsto sync withyouraccountingsystem,
thenQuickBooksOnlinefitsthe bill.
Your BusinessCheckingAccount:AzloBusinessChecking
The AzloBusinessCheckingaccountisone of the bestoptionsforsmall businessownerswhoprioritize
convenienceandspeed.All services,suchastransferringmoneyandsendinginvoices,canbe handled
online.Plus,the bestpartisthatAzlochargesno minimum balance feesorotherfees,soyoucan keep
more of the profitsyouearn.
Most Profitable Small Business#5:Freelance B2BServices
Most Profitable Industries
Goinginto2019, small businessownersare prettyoptimisticof the future.Theyare earningmore
revenues,payinglowertaxes,andhiringmore.However,all of thisactivityalsomeansthatsmall
businessownersneedmore B2Bservices.
For many,hiringfreelance contractorsisthe perfectmiddle groundtogetthe worktheyneedwhile
avoidingadditional salariesora long-termcommitment.If youhave the skillssmall businessowners
coulduse,you’ve gota highlyprofitable opportunityinfrontof you.Youcan evengetstartedeasilyby
marketingyourservicesonUpwork,Guru,or otherfreelancerplatforms.
Considerwhetherone of these commonfreelance fieldsmaybe a goodfitfor you:
BookkeepingandAccounting
Accountingandbookkeepingare anunavoidable realityof businessownership.Butformany
entrepreneurs,moneymanagementisthe veryworstpartof owningabusiness.Whetheryou’re a
licensedCPA orjusta QuickBookswizard,youmightbe the perfectcandidate tolaunchyourown
businessbykeepingyourfellowentrepreneurs’personal andsmall businessfinancesinorder.Witha
11. netprofitmarginof 19.8%, bookkeeping,accounting,tax preparation,andpayroll serviceshave long
beensome of the mostprofitable businessesforentrepreneurs.
As a bookkeeper,youcanprocessinvoicesandpayroll,compileexpensereports,andmore.If youhave
a CPA license,youcanhelpbusinessownersfiletaxes,generatebalance sheetsandotheraccounting
documents,andmake yourprofessionalrecommendationsaboutyourclient’sbottomline.
Consulting
If you’ve beeninthe businessworldforalongtime,folksmaybe clamoringforyourknowledgeand
expertisewithinyourindustry.Whynotturnall that know-how intoanew careeras an independent
consultant?Youcan be paidto speakat industryconferencesorevents,serveonaboard of advisorsfor
a fledglingbusiness,orlendyourexpertisetoshape the strategyof an existingbusinessonacontract
basis.Whateveryourskill set,startingyourownconsultingfirmisagreatway to make the income of
your dreamswhile workingonyourownterms.
Graphic Design
As the numberof brandsvyingforconsumers’attentiongrows,aslickandpolishedimage hasbecome
more importantthaneverfor small businesses.Regardlessof whethertheycanafforda large-scale
advertisingormarketingagency,almosteverysmall businesswill needsome amountof graphicdesign
worknow andagain.
Do youknowyour wayaround Photoshop,Illustrator,andInDesign?Have youtakenafew design
classes,anddo youhave an eye forgood branding?Turnyour skillsintoabusinessasafreelance
graphicdesigner.You’ll have almostnooverheadandcancharge significanthourlyratestodowhat
small businessownerscan’tdofor themselves—create awesomemarketinggraphics!
Social MediaManagement
Most millennialswere bornandraisedonsocial media.Ascustomers,theyexpectabusinesstohave a
strongsocial mediapresence andtobe responsive insocial customerservice.
However,whilemostfellow smallbusinessownersknow thattheyneedasocial mediapresence,few
have the necessarytime orexpertise to“dosocial media”well,letalone manage all of theirsocial media
accounts.
12. If you’re fluentinTwitter,liveyourlife onFacebook,andhave gotteneveryjobyou’ve everhadthrough
LinkedIn,considerturningyoursocial media expertiseintoyourownsolopreneurbusinessventure,
offeringsupporttobusinessownerswhoneedhelpmanagingtheirbrand’ssocial mediaplatforms.
MarketingCopywriter
Similarly,if you’reparticularlyadeptwithwords,youcanuse yourtalentstowrite copyfor various
companies’marketingefforts.The contentmarketingindustryisslatedtobe wortha whopping$412
billionby2021.
Whetheryou’re coiningacatchy sloganor writinganin-depthdescriptionof acompany’sofferings,if
you’re doingit as an independentcontractor,thenyouknow you’llbe earningaprofitforyourservices,
no matterwhat.
Virtual AssistantServices
Whenthe pre-Recessioneconomywasatitspeak,everyentrepreneur,manager,orexecutive worth
theirsalthad a personal orexecutive assistant.Yearslater,manystill have the workloadandfull
schedulesthatmake havinganassistantuseful (ifnotnecessary),butmanystill can’tor don’twantto
pay fora full-time helpinghand.
To fill the gap,virtual assistantshave become the quintessentialhybridof the sharingeconomyand
freelance B2Bservices.AsaVA,youcan choose yourclientsandcreate yourown schedule managing
emails,schedulingmeetings,bookingtravel,andcompletingotherbasictaskstomake yourcustomers’
livesrunmore smoothly.All youneedisalaptopandan internetconnection!
The B2B Business’sStartupToolkit
Thinkingaboutstartinga B2B service?These three toolsare amust-have foryournew business:
Your BusinessCreditCard:The BusinessGoldCardFromAmericanExpress
Entrepreneursinthisindustrywill appreciate the varietyof waysyouearnrewardson Amex’sBusiness
GoldCard. From purchasesonairfare,gas,advertising,toshipping,you’ll earnsubstantial rewardsfor
your businesswhenyouswipe thiscard.
Your AccountingSoftware:Xero’sStandardPlan
13. B2B entrepreneurswill loveXero’sStandardPlanforitsrobust,intuitive features,andits500+ time-
savingintegrations.
Your BusinessCheckingAccount:BusinessFundamentalsFromBankof America
The BusinessFundamentalsCheckingfromBankof Americaisa particularlygoodoptionif you’re looking
for a checkingaccountthat’ll growwithyourbusiness.Asyoucontinue toprocesslargerandlarger
deposits,the BusinessFundamentals will remainanaffordable option.
3 Easy StepsYouShouldKnowBefore YouGetStarted
Before we dive rightintowhatkindof businessideasare the mostprofitable small businessideasfor
2019, youshouldgetsome contextintowhatstepsyouactuallyneedtotake to getthe ball rolling.
The stepsto startinga businesswill varyfromentrepreneurtoentrepreneur,butwe canboil the
processdownto three easysteps.
Step1: Findthe PerfectIdeaandDo Your Research
A businessstartswithagood idea.But inorder tomake thatideaa reality,youneedtodo yourresearch
to make sure the concept will succeed.Gothroughanideavalidationprocess—includingmarketand
competitorresearch,andfinancial feasibilityanalysis—beforeyou’re toofarin. Thislistof the most
profitable small businessideasfor2019 will be yourfirststepinthisprocess.
Step2: GetOrganizedandMake It Official
Whenyou’re sure that youhave a good ideatowork with,it’stime toplanout the logisticsof the
businesswithawell-formulatedbusinessplan.Whenyou’re confidentthatyou’ve gotitall downin
writing,take stepstomake itofficial.Thisincludeschoosingabusinessstructure,applyingforanEIN,
registeringyour“DoingBusinessAs”name,andgettingthe businesslicensesandregistrationsyour
specificbusinessneedstoopenitsdoors.
Step3: Findthe RightFinancing
Everybusinessneedscapital togrow,andstartupsare certainlynoexception.Butasa new startup
owner,youmightstruggle toqualifyfortraditional businessloansrightoff the bat.
That’s whywe recommendyoustartfundingyourinitial growthwithabusinesscreditcard.Notonlywill
youhave an easiertime qualifyingforacreditcard than youwoulda traditional businessloan,butyou’ll
14. alsokick-startyourbusinesscredithistory,earnperksandrewardsasyouspend,andtake advantage of
interest-free0%introductoryAPRperiods(that’slike afree loan).
Our favorite creditcardfor startupsisAmex’sBlue BusinessPlusthankstoits15-monthintroperiodfor
0% APR.(Note thatafter 15 months,yourAPRwill setinat a rate that will varywiththe marketprime
rate,so make sure to check the card details!)
2019’s Most Profitable SmallBusinesses
Althoughindustrieslike healthcare technology,finance,andproductmanufacturingmightdominate the
stock marketandthe Fortune 500-level economy,those same industriesaren’tnecessarilythe most
profitable oraccessible optionsforsmall businessentrepreneurs.
Take advantage of these profitable industriesthatare bettersuitedtosmall business,andyou’llquickly
reapthe benefitsof asuccessful businessventurein2019.