Creating a home-based business or finding profitable online business ideas can be challenging. There are thousands of possible choices, yet everything seems like it’s been done thousands of times before.
So with all these product choices, where do you even begin digging to find the gold?
If you’re looking to start your own business, below is a big list of opportunities you can take advantage of today to grow a profitable business in 2021 and beyond.
Business opportunities that survived the pandemic
From our research, we albania mobile database defined a “thriving” business type as one whose founder had a higher-than-average level of satisfaction with business performance and/or a higher-than-average positive outlook on the future of their businesses.
While there have been some clear winners—we don’t even have to look at the numbers to call out loungewear brands and home fitness businesses—our research revealed some unexpected standouts.
Those thriving business types—and our predictions for the most profitable small businesses to start are:
Healthy and beauty businesses
Subscription businesses
Businesses selling B2B and B2C
Health and beauty businesses
business performance in 2020
The numbers: 55% of health and beauty business founders reported being satisfied with business performance in the past year. (The average across all business types was 38%.) While the past year’s performance indicates success, an even higher percentage expects continued success. 79% of health and beauty founders reported having a positive outlook in the following months.
Why these businesses thrived
Under the category of health and beauty, you’ll find personal care items like hand sanitizer and soaps. These products were in high demand, especially at the outset of the pandemic, with increased concern about surface transmission. Another side effect of rolling lockdowns was the impact on the beauty service industry. Consumers diverted their beauty spending to at-home spa and salon experiences.