3 Most Profitable Businesses With Least Investment in 2020

Below you can find the list of 3 Most Profitable Businesses With Least Investment in 2020. For a detailed coverage of this topic and a more comprehensive list, please see the 7 Most Profitable Businesses With Least Investment in 2020

3. Online Tutoring

Score: 9 pts

So, why should you invest in an online tutoring service as a profitable business? You can start the business of online tutoring if you’re an expert in art, math, or another subject. The global market size of online tutoring services was estimated at 4.81 billion US dollars in 2019 and is projected to grow from 2020 to 2027 at 16.1% CAGR. When COVID-19 impacted the school year, it has become leverage for online tutoring services to emerge. Other factors driving the acceptance of online learning methods are ongoing technological developments and changes in the accessibility of portable communication devices.

2. Virtual Assistant

Score: 11 pts

One of the most thriving business ideas is to offer virtual assistant services. What are the requirements to become a virtual assistant? Excellent organizational skills and wise time management. Large enterprises and even solopreneurs need assistance in their day-to-day business transactions. A virtual assistant can earn $25 an hour on average. Other perks of being a VA? You’ll feel more productive and efficient working at home.

1. Drop shipping

Score: 17 pts

The most profitable business with the least investment in 2020 is drop shipping. Did you know that you can start up not only a profitable but thriving business with the drop shipping business model? You just need to know the hot product to sell to your right market, get you a reliable supplier, set up an online store at Shopify (NYSE: SHOP)  per se, and voila! You have a winning business with the least amount of investment. With a standard profit margin of 20% and even 50% if you get a wholesale supplier, drop shipping is the game! The global drop shipping market size was valued at USD 102.2 billion in 2018 and is expected to register a CAGR of 28.8% from 2019 to 2025.

See also 7 Most Profitable Businesses With Low Startup Costs In 2020 and 10 Good Paying Jobs for 18 Year Olds with No Experience Required