Who has never dreamed of becoming their boss? But starting and starting a business requires a good idea that it can be carried out within the context in which we live. In the following article, we tell you about 45 profitable businesses in the market today.
How to know which are the profitable businesses of 2020?
For the past few months, in which the entire world has been confined. The levels of de-escalation have evolved in different ways and, although it may seem contradictory, this situation has encouraged many people to create their future. The lack of opportunities and the alarm situation caused by the coronavirus has led many businesses to reinvent themselves.
Perhaps you also want to try your luck and start on an adventure. Check out these 45 profitable business ideas for 2020 that respond to market trends to get an insight into the sectors with the greatest growth potential.
Getting familiar with the market and knowing the mines that you can find along the way is key to going safer towards the new route you want to undertake. In any case, you must study the situation, competition, costs and potential benefits, and demand. Think that many companies and businesses stay halfway, so arm yourself with courage and immerse yourself in the information.
45 profitable business ideas for 2020
Quality homemade food and delivery
The first of our profitable businesses for 2020 is fast food, a lifestyle from which we can no longer run away. It is the response to the dynamics of work and rhythm of life that has been created, especially in large cities, in the last decade. However, the coronavirus’s arrival has forced the catering businesses to have home delivery and local pickup services. Until now, it has been the only way they have had to survive. On the other hand, many localization apps, search engines, as well as the digitization of the businesses themselves, have been key to adapting their businesses during the time of confinement and the new normality.
Logistics and Supply Chain
According to consulting firm Nielsen, online shopping has increased by 86% and has reached one million homes. There has also been an increase in demand from e-commerce companies like Amazon, which has already announced that it will hire 100,000 more workers in the United States due to the increase in orders.
Opportunities to do profitable business such as 5G, robotics, the Internet of Things, and blockchain have also been detected to help link multiple buyers with multiple suppliers reliably through a ‘mesh’ of supply chains.
Sell second-hand items
The key to these profitable businesses is to accumulate a stock with face and eyes and expose it to a new product. That is, do not accept any type of item or display it in any way in the store, because it will not be able to be sold and will scare your customers away. For example, if I walk into a thrift store as a customer, I think about buying television and seeing a row of televisions from the year my grandmother or mother was born. I will not be interested in buying even if they sell it to me for one euro, because it is not practical for my needs. It is preferable to sell televisions with 5 or 7 years old, for about 200 or 300 euros. Then I would buy it since a similar first-hand television would cost me 500 euros or more.
One of the problems that accompany this business, and that makes profitable companies in 2020 related to security, is the control of illegal practices. These businesses make it possible to resell stolen products. So a protocol is established; When you buy an item from someone, this item becomes part of a list that is sent to the police. For the next 15 days, you cannot sell or expose the item until the police check that none of the products on the list match the description of an object that has been stolen and that its removal has been reported.
Having a franchise is a step with a little less risk since you have the advantage of opening a business that is already famous, making it easier to start generating sales and profits quickly. Besides, to buy a brand it is not necessary to make an extravagant investment at the beginning of the business, there are different alternatives to finance itself and, most importantly, in many cases the brand provides you with an initial capital. On the other hand, the clearest disadvantage is that you do not have total freedom in organizing the business; There will be guidelines that the brand in question asks you to follow, especially regarding its image. Read on for more about profitable businesses.
Legal consultants in digital interactions
Another sector that is growing a lot is Legal Tech, and that is why it deserves a position in our list of profitable businesses for 2020. Due to the number of digital companies growing at an unstoppable rate and need technologies, software, and legal advice services,
If you are specialized in the legal sector, one of your opportunities is that of a digital legal advisor. There are also opportunities in helping companies deal with issues such as the right to be forgotten on the Internet, communications, or data processing. Other more general ones include civil and commercial contracts, general conditions, the constitution of companies, or any legal aspect.
Laundry at home
Another profitable business that has become necessary for the times we live in. The characteristics that new consumers have in the new normality are the value of time since their jobs occupy most of their week. They decide to delegate basic tasks to companies that offer a useful, comfortable service and save them money. A very clear example is demonstrated by Mr. Jeff, the laundry franchise that has conquered all of Latin America and Asia.
The creative pastry on request
Cooking is a passion for many people, as we talked about earlier. In recent years, a series of influencers have emerged, which has made pastry delicious cookies, cupcakes, muffins, or original cakes fashionable.
It is one of the most sought after profitable businesses because you can start from home. If you are passionate, you can do it in your spare time as a compliment. The best advice to start is to research the possible market around you and create a personal brand around what you create.
An element that you must take into account to ensure profits is to ensure that the price you put on your products exceeds production costs. The way to advertise can be from word of mouth, ad pages, or social networks. If you dedicate time and passion to the presentation, you will see how the requests will come little by little.
The growing confidence of Spaniards when thinking about buying something online. This situation has allowed many entrepreneurs to risk investing in this business model. Considering that what is sought nowadays is to save time and money, consumers prefer to spend less time on the “typical purchases” that you can easily carry out online. Arguably it is one of the most profitable businesses on the list.
The term freelance, in the same way, is a trend that takes its place strongly in the possibilities of every entrepreneur, since if you have an area in which you consider yourself good enough you can take the step and be part of the different communities of freelancers and work on your own. The profitable businesses on our list are growing!
Quality freelance in other languages
Another of our profitable businesses are specialized language freelancers. Currently, there are more than 20 million self-employed workers within the framework of the European Union. Spanish freelance professionals can be offered in other markets so that none have to move from their country or home. It could be raised from the headhunter, half consulting, half international manager.
Leisure experiences for other audiences
The idea would be to apply a bit what the SmartBox is, for example, to niches such as children. In this case, you could think of gifts that parents make for their children’s birthdays, or for example for people who are getting married, for a christening or any celebration. It is important to adapt to the audience you want to target.
Do you have a talent for finance, or are you an expert in digital marketing? You can start with one of our profitable businesses at the top of the list, offering consultancies to individuals or companies to improve their results. Besides, consultancies, today, are one of the few profitable businesses that present low competition in the market. Therefore, it can be a great opportunity for talented in areas such as administration and mathematics. These people advise clients to make better decisions about managing their money and help them reach their goals, carrying out personalized and specialized planning.
There are more and more proposals for coworking spaces in Spain. In Europe and the United States, they are already finding several niches. A way to enter this sector in Spain could go hand in hand with various segments such as women entrepreneurs with additional services.
Virtual regional tourism agency
One of the most sought-after profitable businesses since lifelong tourism lowered its revenue figures. Creating a virtual regional tourism agency could be another successful business. Offering leisure packages, gastronomy, among others, could create a quality seal for the town/city. Besides, also the possibility of carrying out activities in all seasons and also carrying out activities for educational centers.
Opening an online store is ideal when you have a great product in mind but do not have enough money to open a store, then, when is a good time to open an online store. In this way, in addition to avoiding financial issues, the marketing opportunities are endless. You have it open 24/7, which means that you earn money even while you sleep, and you can also carry out promotions.
Although there are already enough platforms to book a trip today, it is never too late to open one more and create something that identifies you. If you are a lover of travel, it is a good option for you, (although the sector will still take a long time to recover) you will have to take into account flights, car rentals, hotels, apartments, restaurants, tours, activities, among many other things.
Planning events or projects is something that can be done remotely, and offering your services to companies to create their events could be a very good option to open an online business. You can start this project from your home and meet your clients in restaurants or cafes, or even in their offices.
Whether it’s for a wedding, a family event, or a business, people always look for a photographer to never forget those special moments. Besides, people pay quite a bit for a professional photographer. If you have this skill, all you need to do is open a website, a good camera, and set your daily rate.
Online personal trainer
If you are a sports fanatic and you love the gym (now also virtual gyms), and you can prove it, another option would be to open a gym in a city or town that you think will be successful or else, you can even open your online exercise channel and offer Live, personalized classes. On the other hand, it would be interesting for you to take a nutrition course and thus be able to offer these services as well.
On the other hand, if you like the kitchen, you can also offer personal chef services. With a website and with the demonstration that you know how to cook well, you will be able to have your clients. As a personal chef, you will spend your days cooking for people who don’t have time to do it, but who do have the money to pay someone. If you want to stand out from the rest, it would be interesting to offer adequate eating plans for each type of person.
Simultaneous translation is another modality of translation, also known as interpretation, and is usually applied above all in conferences and events in general. This type of work is very dynamic and requires a lot of concentration and agile thinking. And the best thing is that it is a very profitable business because there are few competent professionals in the market.
Video class production
Another way to share your knowledge on the Internet is to create videos explaining a topic and then publish them on YouTube. In this way, you can work as an online teacher serving students from all over the world, since you do not have to be in the same place as them to be able to teach. You only have to record the classes once, and you can sell them to thousands of people. On the other hand, you can also use free platforms to sell your courses, and you don’t need to invest anything to get started.
Another profitable business that, little by little, is gaining more strength in our country, are laundry services. If you are looking to make money from home without learning something new, you can offer a laundry service that could be expanded. All you will need is to have a good washing machine at home, establish a record of sales and expenses, establish your rates and payment method, and create a website to offer the services. On the other hand, if the business is getting bigger, it would be very interesting to look at a store and expand it with a public laundry.
If you are a programmer or have knowledge of web development, you can create websites, software, and mobile applications for other companies. This is a job that pays very well, and you don’t need a boss to do it.
Rooms for rent
Another very interesting business is that of renting rooms. In this case, it would be a very good option to open a web page where all the room offers were included. It is a very interesting business, especially for students, but also for those who change cities and do not have much to start their new life. Besides, you could link it a little with a tourism page since, at the same time, you could offer these people both activities, tours, and unique experiences.
Blogging is one of the most promising profitable businesses in recent years. More and more people are looking for information and knowledge online, which means that the Internet public does not stop growing. Besides, online businesses are an excellent alternative for those who want to work from home.
Another profitable business idea is to be a YouTuber. It is estimated that the figures that a YouTuber generates per year reach 4 million euros. However, to be successful with this type of business, it takes a lot of work since you must publish videos frequently and make the recording, editing, and dissemination of your content. So we recommend that you read our post on how to be a YouTuber.
The marketing analyst takes care of all of a company’s marketing strategies, from planning to execution. Besides, you must measure the results of your actions and think of techniques to drive sales.
The Community Manager is very similar to that of the marketing analyst profession, but it focuses specifically on social networks. They are working as social media is an excellent business opportunity and can even be done as a freelancer. Do you want to continue learning more profitable businesses? Read on.
It could be another of the star profitable businesses of the year. The digital influencer is the person who creates content on the Internet and has many followers, which transforms them into someone capable of influencing other people. This type of professional can generate income in many ways, mainly promoting brand products on their social networks. Without a doubt, this is one of the most desired profitable businesses today.
The screenwriter’s work began to be highly valued with the boom in digital content. This professional creates scripts for everything from YouTube videos, such as online courses, videos for social networks, or TV, among many other contents.
We continue with more profitable businesses for 2020: “Given the current situation of the Coronavirus, the main cybersecurity operators are warning of an increase in the rate of cyber attacks on hospitals and companies that have decided to bet on teleworking,” they say from Entrepreneurs. And it is that the confinement has forced practically everyone with the possibility of working remotely or teleworking, to do it from their homes.
Many companies do not have or did not have VPN lines that protect their computers from possible malware. This is where an opportunity looms for the creation of companies related to telecommuting security in aspects such as firewalls, backups, VPN, antivirus, etc.”
Online language school
This is one of the most profitable business ideas today. Language schools are everywhere, and just like revision classes, they are increasingly necessary. However, you will need to have something that sets you apart from the competition: a different teaching method, a specific target audience (such as children). If you don’t have enough money to open a store, one option would be to take the classes online and live like “languages come first,” an Instagram page that offers English classes at a very affordable price.
Personal shopper for work
Not all jobs are equally flexible in terms of clothing, and some people need to be advised in this regard. Therefore, another of the innovative ideas to undertake if you like fashion and have knowledge about it is to work as a personal shopper for those people who do not know what to wear to go to work or for a special occasion. By creating your website and putting your rates and styles, you can get loyal customers.
Selling clothes online is profitable, but very few offer large sizes or shoes that go beyond conventional sizes. So this would be an ideal business if you are looking to start in the fashion sector. Today, only one in three Spaniards has an adequate weight and, both the current physical market and the online one do not cover this need.
Online cooking classes
Gastronomy is a sector that everyone likes, and it is that not all people know how to eat well or cook well, so if you are passionate about cooking, teaching could become an attraction for all profiles. Cooking has become a kind of crafts to eat rich and healthy. So you could create a creative, exotic, and healthy cooking business.
Cleaning services are always easy to offer and require no prior training or experience. You can open your website, even hire staff and then offer your services both for cleaning houses, like offices, premises, establishments, etc.
Another profitable business idea that is very fashionable in the US is the dog walking and lodging service. If you are a dog lover, it would be a perfect business to implement here in Spain. There are cities where this work can be quite profitable. People who have a bad work schedule don’t have time to take their dogs for a walk and are willing to pay for someone who does. You can also offer additional services such as training, childcare, bathroom, among others.
Services for older people and disadvantaged groups
To carry out this work, if more experience is needed, but even so, it would be a very interesting business and another way to earn a living. The main activities that would be carried out are cleaning, laundry, bathing, eating, walking, and helping with daily activities depending on each person you are caring for.
Well-being at home
The state of alarm and the forced confinement has caused the temporary closure of all businesses related to sports and people’s well-being. Technology has provided us with an excellent opportunity to exercise from home. Even taking care of our well-being and setting up our beauty centers based on tutorials and directed classes. From now on, we will be able to see how gyms and sports centers will increase their appearance on content dissemination platforms and live classes.
Another profitable business is being a driver. It is a relatively easy business to start if you live in a big city since many business people prefer to pay for a driver instead of driving themselves. You could also create platforms like Uber or Cabify and start your business.
Stylist or makeup artist
If you have experience in this industry or would like to take a styling course, once you have the training, it would be perfect to open your beauty salon, but if you still do not have enough money, you can start the business from home from a website.
Both home and business owners look for people to decorate their spaces. If you have design studios, you can offer this service. With a website, you can set your rates and even show your decorations. You must know how to adapt to each client since not all people have the same taste.
Decorated cakes are becoming more popular and specially themed ones. This product is highly sought after for events, birthdays, baptisms, weddings, baby showers, and any type of party in general. It is a specialized job, and it would also be important to have the option of gluten-free cakes.
Manicure and pedicure
The last profitable business idea that we present is that if you have a course in aesthetics such as manicures or pedicures, this business could be an excellent option. More and more women are decorating their nails and making extensions with new materials. The materials are simple, like cotton, enamels, nail polish removers, files and pliers, gels, or acrylic. The great advantage of this business is that people often repeat these actions every 3 or 4 weeks, so if you can make your customers happy with you, you will always have a job.
We hope that these ideas have given you a little inspiration on the road to entrepreneurship. Do not forget that the important thing is to start something that you know you will put passion into and not just effort.