5 Most Profitable Businesses to Start from Home

3. Social Media & Internet Services

Average Net Margin: 20.68%

CSI Market reports average net margins of 20.68% for the social media and internet services industry, ranking them at number 7 in the Technology Sector. Growing at a CAGR of 19.4%, the global market for social media has grown from $193.52 billion in 2022 to $231.1 billion in 2023, Business Research Company notes. 

Content marketing, social media content creation, micro-blogging, influencer marketing, and digital advertising are all lucrative ideas to pursue from home. Growing a following on YouTube, Facebook, and even Instagram can help monetize an audience through sponsored posts, selling products, etc. Social media management also provides a large scope of opportunities depending on your expertise and the needs of your clients.