Profitable Home Based Businesses 2015 – The strengthening of the United States economy in recent years has created many opportunities for entrepreneurs, and the number of small businesses in the US is on the rise.
In 2022, the number of small businesses in the US reached 33.2 million, accounting for almost all (99.9 percent) of businesses in the US.
Profitable Home Based Businesses 2015
The increase in the number of small businesses in the US in 2022 is representative of sustainable growth, as it records a 2.2 percent year-over-year increase and an overall growth of 12.2 percent from 2017 to 2022.
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According to the US Small Business Administration, “small businesses” are defined as “firms with fewer than 500 employees.” The report shows that there are about 27 million small businesses that do not employ any workers. 5.4 million have fewer than 20 employees, and 650,000 enterprises have fewer than 500 employees.
Small businesses play a significant role in the American economy and are vital to economic development and job creation.
Although most small businesses employ fewer than 100 employees, they are responsible for millions of new jobs that have been created in recent years.
In fact, there are currently 61.7 million small business employees in the U.S., which makes up about half (46.4 percent) of the U.S. workforce.
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With San Francisco, Los Angeles, and San Jose all in the top ten cities in the world receiving the most venture capital investments, it should come as no surprise that California has the largest number of small businesses.
With 4.2 million small businesses, the Golden State is home to 35.5 percent more small businesses than Texas, the state with the second largest number of small businesses in the US.
Small business employees in California make up 47.9 percent of the state’s total workforce, which is higher than the national average. During the past year, companies in California created a total of 1.6 million jobs. Of these, 1.1 million (about two-thirds) were from small businesses.
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Uses cookies to provide the necessary site functionality and improve your experience. By using our website, you agree to our privacy policy. With so many business ideas in 2023, it can be hard to figure out which ones are worth pursuing.
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While jumping on a new trend can sometimes be risky – it can also be very rewarding. You may notice that many of the ideas on this list have become more popular recently. Others have been popular for a long time, making them more competitive but less risky. However, all of the small business ideas below will help you make money.
If you’ve been wondering what business to start, then this list is for you. According to small business statistics, one of the biggest motivations for starting your own business is being your own boss. Owning a business gives you the freedom to work when, where or how you want.
Want to work on the beach or at your grandma’s house? Go ahead, no one will stop you or question you. This is the dream life that many people hope to live one day, and thanks to some great business ideas, achieving that lifestyle is within your reach.
Do you want to sell products online but don’t have the money to buy and store inventory? Consider dropshipping! Dropshipping is an e-commerce business model where you don’t have to manage any physical products.
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All you need to do is set up an online store and work with suppliers who are ready to store, pack and ship orders to your customers. There’s no need to spend hours researching products, because you can use dropshipping apps like Automizely to find great products to sell.
Check out this dropshipping course from Shopify to learn more about selling online without inventory. If you’re looking for easy online business ideas to make, you’d be hard-pressed to find anything that tops dropshipping. It’s one of the easiest businesses to start if you have access to the right tools and resources.
The biggest reason people are often drawn to dropshipping is that you don’t have to keep inventory. However, if keeping stock isn’t an issue (maybe there’s plenty of room in that spare closet), you can consider getting products in bulk.
Online marketplaces like Handshake allow small business owners to find unique, high-quality products and build long-lasting relationships with suppliers. It’s worth checking out as a dropshipping add-on if you already know what you want to sell.
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Print on Demand (POD) is when you sell your own custom designs on items like phone cases, mugs, and t-shirts, but you don’t actually print the artwork. Instead, you work with suppliers who print your design on the product – even package and ship the item to your customer, so you don’t have to worry about logistics. Also, you only pay when you sell the products. No sales does not equal costs.
One of the fastest ways to get started is to create a Shopify store and install a POD app like Printify. In terms of marketing, partnering with Instagram influencers to promote your POD items is an effective way to reach your audience. To assess whether print on demand is the right option for you, watch our video where we engage in a healthy debate with Wholesale Ted (a print on demand company).
People who speak multiple languages are always in demand, so if you know two or more languages, consider starting a small business where you can monetize those skills.
You can look for clients on Upwork and Flexjobs and slowly build your portfolio. As you successfully work with more companies, you can hire more translators who specialize in other languages to take things off your plate. It is also a good idea to market your business on social media websites, as this can help you reach a wider audience.
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Only have a few hours to spare each day? Translation is one of the best side business ideas to pursue because it allows you to schedule your clients based on when you are available for work.
Website flipping is one of the new business ideas that has excited everyone from work-at-home parents to recent college graduates. It involves buying an already running website, improving its design and content, and then selling it for a profit.
There are plenty of places where you can buy and sell websites to make money. Shopify’s marketplace, Exchange, for example, lets you buy e-commerce websites that you can further enhance through content marketing, SEO, and other tactics. Once your site starts generating more income than when you bought it, you can put it up for sale on the marketplace.
If you have a knack for cooking and see it as a creative outlet, you can earn a decent income by opening a home-based catering business.
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The initial investment depends on how big you want the setup to be. For example, if you start with smaller events that you can manage yourself, you should be able to launch your business for less.
Most local caterers start by creating a website, experimenting with local food markets, or joining platforms that allow chefs to make some profit from their culinary skills.
It can be difficult to keep up with a furry friend, especially high-energy breeds with limited access to the outdoors. As a professional dog walker, you will help pet owners in the community keep their dogs happy, healthy and well exercised.
Dog walking requires no initial investment other than marketing and business liability insurance. This will protect you in case of accidents, bites or unexpected lawsuits. It’s a good idea to charge rates that reflect your insurance costs, with an average range between $30 and $60 per hour.
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You can establish a presence for your dog walking business on a number of platforms, including Wag! , Rover and Care.com. Offer promotions for new clients and build a positive reputation by asking for reviews from those you’ve worked with in the past.
One of the most successful business ideas is to offer virtual assistant services. Everyone, from large companies to sole proprietors, needs help in the day-to-day management of their business. You can use your excellent organizational skills to take some of the weight off their shoulders.
Of course, you will be paid for the time and effort you put into answering emails, scheduling meetings, and performing other administrative duties.
You can get your first few clients by answering ads on platforms like FreeUp, PeoplePerHour or Virtual Assistant Jobs. This is a proven business model, as people are always looking for effective virtual assistants.
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Are you often praised for your eye for fashion trends? Are you someone that friends and family come to for clothing advice? Personal shopping can be a job that builds on those skills.
Personal shoppers find clothing items for customers who don’t have time to shop on their own. Duties include assessing your client’s wardrobe, visiting websites and selecting items that will suit them. There are various types of products in different online clothing boutiques, so you don’t necessarily need to shop offline to start this business.
Additionally, you don’t need to have any specific certification or degree to become a personal shopper. If your interests lie in business ideas with low