29 Top Business Opportunities to Venture This Year – MobileAppDaily

Starting a venture is a tricky business, considering the majority of mainstream ideas have a saturated presence in the market. Below, we have discussed the top business opportunities that still have a lot of scope or are fairly new to venture into.

If you are a serial entrepreneur or someone looking to start a new venture, clicking on this article itself means that you are looking for the top business opportunities. However, in the quest to find something revolutionary, everything feels like it has already been done. 

Know that Yahoo was launched before Google but that didn’t stop Google (90.48% market share) to come up with its page ranking algorithm. Similarly, you can either try a completely new idea or revamp an existing one to its fruition.

So, if you are looking to start an online business or launch your home-based venture, it is important to identify opportunities that match your skills and the demand of the market. 

The rise of digital tools has made it easier to establish your business and connect with customers all over the globe. This even allows small enterprises to compete with large players. So, from low-investment startups to innovative online models, there are numerous ways where you can create a steady stream of revenue. With keen focus and the right strategy, here we have consolidated a list of 29 profitable ideas for entrepreneurial success. So, let’s read ahead.

Top Business Opportunities to Grab Today

Everyone who has a job has at least once thought of starting something of their own. However, while many simply hesitate to take the plunge, others might struggle with the idea itself. 

We can not do anything about people who are still not willing to take the risk but we have aggregated some incredible ideas if you are willing to take a leap of faith. So, here we have mentioned a list of business opportunities or tech startup ideas that look like regular service but through an app or website can be scaled to a life-changing business.

Also Read: Looking for the best AI startup companies? Here are some of the best to get AI in-built into your project.

1. On-Demand Printing of Apparel & Other Items

Fashion has always been subjective. And, while there was a time when people would try to mimic their favorite celebrities in terms of fashion, the impact has been severely diluted. People today like to wear clothes that reflect their personality and make them feel comfortable in their skin.

On-demand printing seems like a niche but it can be catapulted to a tangible business. With the increasing need for people to customize their clothes, providing a service that lets them print their favorite superhero characters, anime characters, movie posters, etc., is highly in demand.

Currently, the market is filled with on-demand services like Printful, Redbubble, Printify, Teespring, etc. However, no one has tried to market it as a full-fledged customizable clothing service. And, there is a high scope of it today considering the varied tastes of people in fashion.

Further on, it can be expanded to a service that allows people to print a variety of things like cups, plates, rugs, curtains, etc. You simply need to think about how to serve this service in a new package, and this is one of the best opportunities for entrepreneurs can create a tangible stream of revenue.

2. Online Accounting & Bookkeeping

Accounting & Bookkeeping are essential services to keep the financial structure intact. Though often used interchangeably, accounting and bookkeeping are two services often mentioned in the same breath. While bookkeeping is systematically recording financial transactions, accounting is about analyzing, interpreting, and communicating financial information to stakeholders.

It is estimated by Statista that accounting, bookkeeping, and auditing activities for tax consultancy in the Netherlands alone will reach $13.65 billion by 2025. So, if we talk about accounting & bookkeeping in your country or globally, it can become a huge business opportunity.

To start this business, you need to obtain the necessary degrees in accounting or related fields. Some common certifications in this domain are CPA (Certified Public Accountant), CMA (Certified Management Accountant), etc. Select niches like startups, non-profits, or small businesses, and find popular accounting software like QuickBooks, Zero, and FreshBooks to tap into this one of the most profitable businesses.

3. Medical Courier Service

A medical courier service can be one of the potential business opportunities. It is because healthcare is, without a doubt, an essential service, and medical specimens, pharmaceuticals, and other medical supplies play a huge role in the well-being of the people in general. 

Value-added services like medical devices & products are expected to close on $0.6 trillion this year, as per Statista. So, delivering these via courier to the customer’s doorstep can be amongst the top business opportunities. 

Some of the services that can be provided in this realm are diagnostic testing, medical distribution, medical equipment transportation, and emergency services for medical supplies or specimens.

To kickstart this one of the healthcare business ideas, you can come up with a business plan outlining things like the target market, services offered, pricing strategy, and operational plan. You can obtain licenses and permits from authorities, and invest in suitable vehicles. 

The are many reasons, why it is amongst the bigger opportunities in business to tap as the best startup ideas. For instance:

• A well-managed courier service can generate a steady stream of revenue through healthcare facilities, pharmaceutical companies, and individual clients.
• It can be vital to the healthcare industry and can heavily contribute to improving patient outcomes.
• The demand for medical supplies is consistent in the market.

4. Dropshipping

As per Zippia, the average profit margin in dropshipping per sale is between 20% to 30%. With an average earning of $40,000 per year as a drop shipper, the industry is expected to reach $351.8 billion this year, as per Oberlo.

If you don’t know what dropshipping is then it is a business model where you sell products without having an inventory. In this, one of the new business opportunities, you purchase dropshipping items from a third-party supplier and ship them directly to the customer. This eliminates the need for an upfront investment for inventory or storage.

The advantages of dropshipping are that it requires low startup costs, delivers flexibility, is scalable, can offer diverse products, and the inventory management required is minimal.

Also, if you are serious, setting up this business is super easy. All you have to do is find a niche and create an online store using platforms like Shopify, WooCommerce, or Etsy. Also, you can utilize social media, SEO, and paid advertising to connect or reach your target audience, and whenever a customer places an order simply forward it to handle shipping and fulfillment.

The great thing about this one of the incredible opportunities for entrepreneurs is that it can help build a strong brand presence. You will get customer loyalty, the capability to offer unique products or customization options to differentiate, and the capability to expand the product line with ease.

5. Resume Writing

In today’s time, competition is everywhere and the job market is no exception even if the candidate has all the required skills. The attention span of people is limited and if a candidate’s resume doesn’t catch the eye instantly, the resume will go at the bottom of the stack.

A well-crafted resume is essential to make a strong impression on potential employers. Here are some stats taken from a Novoresume article that might change your perspective and push you towards this one of the potential business opportunities.

• More than 80% of the resumes don’t get past the first screening.
• Only 25% of resumes get to human recruiter because they don’t qualify through the ATS (applicant tracking systems).
• On an average, hiring managers spend around 7 seconds to make an impression on a resume.
• Research found that around 68% of candidates who used a professional resume writing service received a job within 90 days.

To start this with this one of the best startup ideas, firstly, you need to train yourself with incredible resume formatting skills, keyword optimization, and other requirements that depend on industries and job roles. 

After that start building a portfolio and establish yourself as a credible service. Choose a platform to create your website and start providing tailored services.

6. Podcast

If you are not aware of podcasting becoming a tangible business, these are some of the people who made it big.

• Joe Rogan: Earning of $30 million or more
• Dax Shephard (Armchair Expert): Estimated earnings of $9 million
• Karen Kilgariff & Georgia Hardstark: Estimated earnings of $15 million

In recent times, there has been a surge in podcasting, and for good reasons we mentioned above. It has become a significant medium for people to consume content which has turned it into a lucrative business opportunity. 

The reason why it has gained such prominence is because of its on-demand listening capability. With a highly specific niche, audiences can take a deep dive into topics that they like, and more often it leads to a more intimate and personal connection between creators and listeners. 

Plus, there are advertising opportunities throughout the roll. Also, some podcasters have taken the route of merchandising, offering premium content, and even providing consultation.

Currently, the upfront cost to set up a podcast can go to a few thousand dollars. This cost is incurred on equipment (microphones, audio interface, headphones, etc.), editing software (Adobe Audition, Audacity, etc.), hosting platform, and promotional activities.

As per a Statista report, the podcasting audience is expected to grow to 37.2 million users between 2024-2029. And, this stat is for the US alone. So, it is one of the best opportunities for entrepreneurs who want to make their name in the industry through podcasts. Also, if you can talk about topics that the audience might like, who knows you might become the next Joe Rogan.

7. Newsletter

Ever heard about newsletters like The Browser, The Margin, Morning Brew, Vox, etc? Well, these are a few examples of successful independent newsletters that have made a name in their niche providing high-quality content and building a loyal audience.

To start a newsletter, first, you need to understand your niche. Make sure that you are highly specialized in that niche or highly interested. Otherwise, it would become hard to provide new and original content. 

Start building an audience and check out different monetization strategies like advertising, sponsorships, premium content, etc. Also, the quality of the content produced highly impacts your capability to attract and retain subscribers. 

Figures related to the earnings of this one of the entrepreneurial opportunities haven’t been officially released by the famous newsletter. However, several articles on the internet suggest that they should be between a few thousand dollars per month even if you work as an individual.

8. Cloud Kitchen

If you have a flair for cooking, this is the best option if you are looking for business opportunities. The great part of cloud kitchens is that they don’t require an infrastructure like a restaurant. Instead, you can simply set up a kitchen, get affiliated with food delivery companies, and kickstart your business.

A business that was once pioneered by Rebel Foods has expanded to a great horizon. A report by “The Business Research Company” calculated the cloud kitchen market size growth from $61.67 billion in 2023 to $67.59 billion in 2024 with a CAGR of 9.6%. Plus, it can become a tangible business with just your skills.

Some of the most popular cloud kitchens currently in the world are:

• CloudKitchens
• Rebel Foods
• Kitopi
• Uber Eats Kitchens

And, if you are not looking to create a business empire then also there are many successful cloud kitchens available locally, everywhere. However, it is important to understand that the majority of them became successful because they tried to understand the taste of their audience.

9. Affiliate Marketing

There are many marketing companies that directly or indirectly make use of affiliate marketing. Affiliate marketing is a performance-based strategy. In it, you promote other people’s products or services. In return for every sale through an affiliate link, you get a commission for each of the sales made through a unique affiliate link.

To tap into this one of the popular businesses, there are certain steps you need to take:

• Find a niche that resonate with your interests and expertise to create engaging content and build an audience.
• Now, identify popular affiliates like Amazon Associates, Commission Junction, ShareASale, and Clickbank to affiliate relevant products & services.
• Create a platform to reach and engage your target audience.
• Create content that attract as well as retain your audience like blog posts, videos, reviews, or tutorials.
• Avoid spammy tactics and only focus on genuine recommendations.
• Use tracking tools to monitor conversions, clicks, and earnings.
• Finally, start building connections with other affiliates and influencers

To further push you towards this one of the good business opportunities, here are some statistics from Authority Hacker:

• The global market of affiliate marketing is currently worth more than $17 billion.
• This market is expected to reach $27.78 billion by 2027.
• Around 81% of brands use affiliate marketing to promote awareness and drive sales.
• An affiliate marketer on average earns around $8,038 per month.

10. Virtual Assistant

Virtual assistants are remote workers. They do administrative, technical, or creative tasks for clients. It is among the best opportunities for entrepreneurs to provide cost-effective solutions and flexibility for businesses and individuals alike. 

These are much needed today because they allow companies to hire individuals without a promise of full-time employment. Some of the virtual assistant services that are provided today are:

This can turn into a tangible business stream because VA services are recurring in nature. And, the more you hire, the more you can grow the business. Furthermore, it allows you to choose your hours and work from anywhere simply using an internet connection.

Currently, virtual assistants are high in demand and if you have a flair for this one of the entrepreneurial opportunities then it can accommodate a new player in the market. And, even if you don’t want to open your own business, it provides enough opportunities with your specialized skills to create a stable income stream.

11. Airbnb Host

Airbnb arose as an excellent way to earn an income if you have a property that you are willing to host for guests from all over the world. It has gained immense popularity in recent years. In fact, after the launch of Airbnb, it has kind of revolutionized the hospitality industry and turned it into one of the opportunities in business.

The reason why it worked is because it allowed guests to stay with locals, try authentic delicacies, and help them understand the culture around them more intimately. Plus, many hosts have turned Airbnb hosting into a great way of income. 

If we talk about the business, it allows individuals to rent out properties ranging from entire homes to single rooms for travelers looking for unique and affordable accommodation.

Why it can be turned into a tangible business? Here are a few reasons:

• Airbnb hosts generate passive income even when they live in the same accommodation.
• You can set your own time of availability and pricing making a balance in duties and other responsibilities.
• There are some initial expenses associated with renovations or upgrades. However, the cost is generally much lower in comparison to traditional hotels.
• Scalability: If you have other properties, you can offer to rent them out with ease.

12. Event Management Company

Be it corporate conferences, weddings, or festivals, event management companies play a crucial role in terms of organizing and executing everything. It is a job for people who have a unique blend of creativity, logistics, and customer service.

As one of the top business opportunities, this business allows you to unleash your creativity and passion. It offers a diverse range of clientele from various industries and backgrounds while delivering flexible work arrangements. 

With careful planning and execution, one can turn event management is amongst the best service business ideas. Some of the potential revenue streams associated with this type of business are:

• Event Planning Fees: It is a flat fee or percentage of the overall budget.
• Vendor Commissions: You can earn commissions from vendors or suppliers that are recommended to clients.
• Event Rentals: You can rent equipment, decor, and other items needed for such events.
• Additional Services: These are supplementary services that are provided for on-site coordination or staffing.

13. Audio/Video Editing

Video/Audio editing is more than just a creative field. It is a tangible business opportunity that can help you start a business with stable revenue streams. 

As the demand for video content continues and platforms like YouTube, Instagram, and advertising explode a skilled editor can find themselves in high demand. 

Now, we are going to propose an idea, i.e., what if you turned it into a dedicated business? To understand the niche, you can start working as a freelance video/audio editor. After a while, it would help you understand the business. By editing YouTube videos and Instagram stories for crafting compelling trailers and promotional videos for companies, you can garner clientele from all over the world. 

In fact, for many people, this started as a hobby but right now, they can produce a six-figure salary annually. By building a team, you can position yourself as an incredible creative team that provides meaningful projects beyond financial gain. And, if you have heard the phrase “Content is King”, video/audio editing will be more than a job as it is an avenue with the highest engagement rate.

14. Downloadable Digital Products

Downloadable digital products are becoming the best entrepreneurial opportunities to create income without the need for a physical inventory and high overhead costs. This can include a broad range of items like ebooks, templates, online courses, music, digital art, and more.

The great thing about this is these products are delivered instantly to customers via download links or emails. Also, these can be created once and sold repeatedly making it a scalable and sustainable revenue stream.

Some of the advantages of selling downloadable digital products include:

• Low overhead
• High profits margins
• Potential for automation

Without physical items to store or ship, this business opportunity can retain more revenue per sale and streamline operations through automated delivery systems. This makes downloadable products appealing, particularly to creators, educators, freelancers, and small business owners who want to diversify their income.

However, now that the industry is saturated, and to succeed, businesses need to explore multiple sales channels like online stores, social media, and digital product marketplaces. You need to come up with a robust marketing strategy and make use of social media, email lists, and influencer partnerships.

Ultimately, it is a flexible way and low-cost business model that provide a unique way to create value and generate income repeatedly.

15. Interactive Cooking Classes

Some people like to sell their food while others like to share their recipes. And, if you are a mom with incredible recipes or anyone with the soul of a chef with incredible tasting food, you can assist people with those recipes. 

Interactive cooking classes offer a unique and engaging way for food enthusiasts of all levels to make their earnings. By combining culinary skills with hands-on practice, one can provide a rewarding and fulfilling business opportunity.

This is amongst the types of business opportunities that allow you to set your hours and the days you want to teach. The startup cost is much less as you only need a kitchen space, equipment, and ingredients. However, to build recurring revenue, you need to build a community with loyal customer base.

To create a differentiating factor, here are some of the things you can do:

• Offer unique themes, cuisines, or techniques to stand out.
• As an instructor, you need to be skilled and knowledgeable in your area of expertise.
• You need to provide ample opportunities for participants to practice their cooking skills and receive personalized feedback.
• Create a welcoming and enjoyable environment
• Effectively promote your classes through social media, local events, and partnerships.

16. Online Soya Products Store

If have the question why soya products? Well, there is an entire vegan market that is dependent on soya for a variety of products. For example, Tofu, Tempeh, Soy Cheese, Soy Milk, etc.

This is partly due to the products mentioned above, and partly because soya is the best source of protein for vegans. Also, protein is an essential nutrient for the growth and sustenance of the body.

Furthermore, the vegan market this year is expected to reach $27.8 billion, as per The Business Research Company. Also, the market is growing with a CAGR of 13.1%. This promises immense potential if you want to tap this one of the entrepreneurial opportunities for business or want to set up a small inventory of your products. The tastier, the better, and if it sticks, then there is a high possibility of building a loyal customer base through this one of the online business ideas.

17. Mobile Apps & Content for Entertainment/Education of  Kids

Once a channel with the most number of subscribers, Cocomelon as of August 2024 is the third channel with the most number of subscribers on YouTube. A channel that exclusively serves children’s content. 

This is the power of creating apps & entertainment content for kids today. It is a massive demographic with parents looking for good educational content for their children to learn new things. 

Today, there is a variety of kids’ content and apps out there. Here is a table showcasing it:

If we talk about the app market size of kids, as per a previous report by Global Growth Insights was $811.91 million in 2022, and it is expected to grow to $1651.74 by 2031. And, if we consider the educational content market though not explicitly for kids below 5 years, it was estimated to be $142.37 billion in 2023 and is expected to grow with a CAGR of 13.4% between this year and 2030, according to Grand View Research. So, there is no doubt that education app ideas for startups along with educational content are not at all bad.

Some of the popular kid’s apps that you check out for inspiration are:

• Toca Boca
• PBS Kids
• Minecraft 

18. Language Courses

With the world moving from their native place to experience a new culture, work, earn more, or maybe get a new perspective on life, learning a foreign language is of empirical value. 

Many countries have their exams to allow immigration and check the proficiency of the immigrant in their native language, if they want to settle there. These exams allow them to work in their country so they become very important. Some common examples are:

• TOEFL (Test of English as a Foreign Language): Measures English language ability for non-native speakers.
• IELTS (International English Language Testing System): It is another popular English language proficiency exam.
• DELF (Diplôme d’Études en Langue Française): Measures French language proficiency.
• Goethe-Zertifikat: Measures German language proficiency.

Not just that but there are several cognitive benefits of learning a new language like improved memory, better problem-solving skills, increased creativity, etc.

Plus, with the increasing rate of foreign content consumers, people want to learn new languages like Japanese, Cantonese, German, Espanol, etc. And yes, there are plenty of apps like Duolingo, Babbel, Rosetta Stone, etc. However, considering the market size which was $61.5 billion last year, the niche is supposed to grow with a CAGR of over 20% between 2024-2032, as per Global Market Insights, this can be one of the best types of business opportunities.

19. eBay, Etsy, or Amazon Seller

If you are thinking of starting an e-commerce business, each of these three websites has made a name of its own and has different selling formats. However, they present one of the good business opportunities. While eBay is a well-known online marketplace for selling both old/new stuff, Etsy is more for handicraft & vintage items. Also, one can use Amazon to sell almost anything under the roof. 

To start this business, here are some of the steps to take:

• Choose a Platform: First, select the product that you want to sell, and based on that, choose a platform that perfectly aligns with your product.
• Set Up Your Seller Account: For this, you can start by creating a seller account on your chosen platform and providing all the necessary information.
• List Your Products: Now, create detailed product listings with high-quality images, accurate descriptions, and competitive pricing.
• Optimize for Search: Use relevant keywords and tags to improve the searchability of your search results.
• Provide Excellent Customer Service: Respond to customer inquiries promptly, and address any issue they have.

Furthermore, it is easy to turn this into a good business opportunity compared to a brick-and-mortar business. It is because it requires less upfront investment, is scalable, can act as a passive income, and offers the flexibility to work at your hours and place. However, understand that to turn it into a successful online business, you need consistency with your efforts.

20. Used Games & Gaming Equipment Seller

Except for gamers, a lot of people don’t understand the strength of this industry as one of the opportunities in business and gaming is a huge industry. To stem it capability, as per Statista, this year the industry is expected to reach $282.30 billion, and it will be growing with a CAGR of 8.76% between 2024-2027. 

But, we are not going to suggest you open a new gaming company, a gaming parlor, or anything like that. Instead, we want you to put your hands in the used games, consoles, and other associated equipment market.

See, games and their gaming equipment come at a hefty price. There are many story-based games with only a campaign and a single-player experience. So, once you have completed the game, the only one can do is play the campaign but on a higher difficulty level. 

This is the reason, the majority of our gaming discs are just lying idle, and these can be sold to interested parties. Plus, there is so much equipment that can be reused by someone else.

So, this one of the new business opportunities is about creating a platform where users can list their gaming items which can be sold by you for a better price. There are a few dedicated players like GameStop, Decluttr, Trade-In, etc. Otherwise, the majority of this trading happens through websites like eBay, Amazon, etc. There is huge scope in this business opportunity, and there is still time for you to become a key player in the niche.

21. TaskRabbit

Looking for business opportunities? Well, TaskRabbit offers various services as freelance work through the TaskRabbit platform. These are services that range from simple tasks like furniture assembly to grocery shopping and much more complex jobs like handyman work. They are independent contractors who can set their rates and schedules based on the proficiency of their work.

A TaskRabbit earns between $25,000 to $198,431 per year depending on the task they complete. And, there are plenty of services that provide TaskRabbits like:

• TaskRabbit
• Thumbtack
• Gigwalk

To take up this one of the opportunities in business, you need to either create a TaskRabbit platform or turn your TaskRabbit skills into a business. Here, we have mentioned some of the steps to turn TaskRabbit skills into a business.

• Specialize: Instead of providing a wide range of services, you need to focus on a niche. It could be furniture assembly, house cleaning, or any other assistance you can provide.
• Build Brand: Create a strong brand identity for your business, and use a memorable name, a professional logo, and a consistent online presence.
• Network and Market: Start networking with local businesses and individuals who might need your services. Use social media platforms, online marketplaces, and local directories to promote yourself and establish your business.
• Expand Your Services: As you grow your business, consider expanding the range of services you deliver. It could involve offering additional services within the niche or branching into related areas.
• Consider Hiring Employees: If your business becomes a success and you find yourself overwhelmed with work, start hiring employees to help manage your workload.
• Legal and Financial Considerations: It is important to ensure that your business complies with all the relevant laws and regulations for running a business. It can include obtaining necessary permits and licenses and setting up a business entity along with managing your finances.

22. Refurbished Electronics

Refurbished electronics are amongst the new business opportunities that have emerged over the years. There are plenty of people who are interested in buying them, as they deliver the same device with the same hardware at affordable prices. You may be surprised but it became a $48.2 billion industry in the year 2023 and is expected to grow with a CAGR of 10% between 2024-2030.

Here is a list of refurbished items that you can sell on your platform if you decide to create one:

You can start your platform and build it. Currently, a few online established stores are selling refurbished items such as:

• eBay
• Amazon Renewed
• Walmart Refurbished

Also, there are a few dedicated service providers in the market like Back Market and Gazelle so establishing this one of the e-commerce business ideas won’t exactly be a cake but it is very much possible. 

23. Influencer Management

With platforms like YouTube, Instagram, TikTok, etc., taking center stage, there have been a plethora of influencers who became prominent with time and have become an active part of the marketing industry. 

The majority of influencers have their niche and audience that resonate with that content. So, instead of celebrity marketing which is much more expensive, companies have started to hire popular influencers to promote their products. Below, we have mentioned some of the most popular names on different platforms.

To start an online business in this niche can be very cost-effective. This is because the cost of hiring these influencers can range from a few thousand to millions of dollars. So, connecting these influencers with relevant companies, and managing them can turn into a great business opportunity. 

There are numerous influencer management agencies like CAA (Creative Artists Agency), WME (William Morris Endeavor), IMG (International Management Group), etc. But, you can start your own as many influencers have just started. And for connecting them with brands, you can redeem a cut upon completion of the deal. 

So, here are the steps to start an influencer management agency:

• Niche: Start focusing on a specific niche or industry that helps build your expertise and attract relevant clients.
• Develop Relationships: Develop a network of influencers and potential clients to build strong relationships and establish your credibility.
• Understand Influencer Marketing: Start learning about influencer marketing strategies, best practices, and the latest trends.
• Create a Business Plan: Start outlining your business goals, target market, financial projections, and marketing plan in place.
• Legal and Financial Considerations: Set up your business, fulfill all the legal requirements, and obtain the necessary permits and licenses to manage your finances.
• Leverage Technology: There are plenty of tools to manage your clients, track performance, and streamline workflow, and make use of that.
• Provide Value: Offer a unique value to your client by providing effective influencer marketing strategies, negotiation skills, and excellent customer service.

24. Financial Planning & Advising

Everyone who works in a corporation has to pay taxes and plan financially. However, there are so many who struggle with it. So, starting a financial planning and advising service to help individuals and businesses achieve their financial goals could be beneficial. 

Some of the key services that can be provided in this domain include:

• Retirement Planning
• Investment Planning
• Estate Planning
• Tax Planning
• Risk Management
• Debt Management
• Financial Forecasting
• Mergers and acquisitions

There are some specialized services too like financial education, charitable giving, and financial analysis. Yes, there are many startup consulting firms that deal with the idea. However, providing all these services through an app, website, or simply on-demand is still a great business prospect. The nature of this service is recurring and if you know this specific domain, there is a lot you can achieve.

25. Home Energy Auditing

Home energy auditing is the process of assessing a home’s energy for consumption and identifying areas where its efficiency can be improved.

An energy auditor will conduct a thorough inspection of your home. This can include a review of energy bills to identify the waste of energy and inefficient equipment.

Some of the key areas an auditor assesses are insulation, heating & cooling systems, windows & doors, lighting, appliances, and solar potential. With proper energy audition, people can reduce energy bills, improve comfort, support the environment, and get government incentives. 

The average salary of a home energy auditor in the United States is around $77,747 per year. So, if you think of starting a company in this domain, the chances of turning it into a lucrative business are high.

26. Nutrition Advising

Nutrition advising is a service that guides and supports people in achieving optimal health through dietary changes. Nutrition advisors are known as registered dietitians and nutritionists. They assess the health of their clients and based on that, understand their nutritional needs to develop personalized meal plans and offer education on healthy eating habits.

Some of the reasons why people seek nutrition advice are:

• To gain, lose, or simply maintain a healthy weight.
• To manage chronic diseases like heart disease, diabetes, and high blood pressure.
• To enhance their athletic performance to achieve peak performance.
• To improve their overall health and well-being.
• To help individuals navigate through dietary restrictions and find suitable alternatives.

To grab this one of the opportunities in business, you need to offer specialized services, build a strong online presence, network with healthcare professionals, and provide great customer service. Also, staying up-to-date with the latest research and trends in nutrition can help in maintaining credibility and attracting clients.

27. Network Marketing

Network Marketing is also known as multi-level marketing. It is a business in which individuals earn income not by selling products but by recruiting others to do the same. It has a pyramid-like structure where distributors are able to earn commissions on their sales and the sales of those they can recruit.

While, network marketing is a lucrative business opportunity for many people, and yes it has changed lives, it is important to set realistic expectations and a solid understanding of the model. Here are some key factors that you need to consider when turning network marketing into a life-changing business:

• Choose a reputable company: Check the history of the company, its catalog of products, compensation plan, and overall customer satisfaction.
• Develop a strong personal brand: Start to build a positive reputation that establishes you as a trusted player in your niche.
• Build a Team: You can start with recruiting and mentoring others to grow your network and increase your income potential.
• Focus on personal development: You can continuously improve your skills, knowledge, and leadership abilities.
• Leverage technology: Try to utilize social media, email marketing, and other digital tools that reach a wider audience.
• Provide excellent customer service: Focus on satisfying your customers and they will more likely refer others and become repeat customers.
• Be patient and persistent: Build a successful network marketing business that takes time and effort.

28. DIY Kits

If you are looking to invest in creative business ideas, DIY kits can be a great venture to tap into. Driven by a surge of handmade things, there is an increase in consumer interest in crafting, creating, and learning a new skill. From artisanal food kits to science experiments, these DIY kits provide a convenient and accessible way to engage in creative and educational activities.

Some of the reasons people have started to take more interest in the niche are:

• The movement encourages people to create and innovate to fuel their interest in DIY projects.
• Consumers seek unique and personalized products and DIY kits that provide a way to create one-of-a-kind items.
• Many kits are made of eco-friendly materials and use sustainable practices to appeal to environmentally conscious consumers.
• DIY kit comes with clear instructions and pre-measure ingredients to make it easy for people to use it.

To turn it into a business, first understand the kind of DIY kit you want to offer. After that, develop high-quality products and leverage different marketing platforms to popularize your company. You can start partnering with retailers and online marketplaces or a website and start selling directly to consumers.

29. Thrift Clothes

Thrift Clothes is one of the new business opportunities that is slowly becoming prominent. And many reasons range from affordability to the capability to buy premium clothing at unbelievable prices. But there is one more, i.e., environment. 

Every year, clothing waste accumulated due to fashion is increasing. Here are some stats from Business Waste Management that you can consider to market your thrift store for clothes:

• Each year, textile waste is approximately 92 million tonnes, which is expected to reach $134 million tonnes by 2030.
• There are over 100 billion garments produced each year.
• The global fashion industry is responsible for around 10% of the greenhouse gases that are released into the environment.
• Approximately 20% of the water is populated because of the fashion industry.
• About 25% of the global clothes are incinerated.
• Synthetic fiber used in clothes takes around 80 to 800 times more to decompose in comparison to natural fibers like cotton.

These are all hard-hitting facts and can be used to create a thrift clothing business. You simply need to connect with places that get clothes for thrifting and create a website to sell these products. With great marketing, it can truly be one of the life-changing businesses.

Conclusion

Starting an entrepreneurial journey is tough. It is full of doubts and dilemmas but not if you believe in your idea. It is a well-stated fact that the majority of startups aren’t able to keep their ground because their idea or maybe its execution doesn’t resonate with their target audience. With our list of the top business opportunities, we wanted to provide ideas that have a running need in society. Our hope is to push you in a lucrative direction that helps you raise a company from the ground up and is life-changing.