5 Most Successful Small Business Ideas

In this article, we will take a look at the 5 most successful small business ideas. If you want to read our detailed analysis, you can go directly to 25 Most Successful Small Business Ideas.

5. Digital Marketing Services

Insider Monkey Score: 3

Industry Net Margin: 5.34%

Digital marketing services are not only one of the most successful small business ideas, but it is also a popular industry to work in. Digital marketing is the need of the hour, and every company requires it, be it in the form of SEO consultancy or social media management. According to a report by grandview research, the global digital marketing software market was valued at $65.33 billion in 2022. The global digital marketing software market is expected to grow to $264.15 billion by 2030, at a compound annual growth rate (CAGR) of 19.4%. The advertising industry reported a net margin of 5.34% as of January 5, across 362 companies.