In this article we take a look at the 7 Most Profitable Businesses With Least Investment in 2020. Click to skip ahead and jump to the 3 Most Profitable Businesses With Least Investment in 2020.
Are you looking for the most profitable businesses with the least investment in 2020? If you’ve been wanting to start a side-hustle without leaving your corporate job, this list is for you. Many people dream about owning a business that is profitable enough to leave their 9 to 5 jobs. Others want to start a small business and make it profitable enough to make it big in the future. Whatever reason you may have for starting your own business, this will drive you to a painful process yet if you put in the work, will lead you to success and growth.
According to the 2020 Small Business Profiles, 41.7% of the private workforce is employed by the United States’ small businesses. With the recent government-mandated lockdowns and health authority restrictions due to COVID-19, the unemployment rate in the US climbed up to 14.7% in April 2020 from 3.6% in the previous year. So how do we start with your business idea in the middle of a pandemic? Start small, start with the least investment- capital and resources. But put in maximum effort in boosting your business’ presence online. Many businesses pivoted to online selling. If you will look closely at the e-commerce platforms like Amazon (NASDAQ:AMZN) and eBay (NASDAQ: EBAY), they develop their sites to be easy to access and user-friendly. Online sellers at Etsy take advantage of using online tools like eRank to boost their presence online. You may check out the 7 Most Profitable Etsy shops in 2020 here if you’re planning on investing in the handicrafts business and get a hang of how things are in the handicrafts product categories.
One of the business models you’ve been hearing a lot this time is drop shipping. Score an in-demand product, get a reliable supplier, study logistics of your product, invest in marketing- SEO and copywriting which you can learn in the process of building your online business. With the growth of drop shipping, e-commerce marketplace AliExpress a subsidiary company of Alibaba Group Holding Limited (NYSE:BABA) is taking advantage of this skyrocketing demand in e-commerce. If you are looking for a unique list for the Indian market, you might want to check the 11 Most Profitable Businesses with the Least Investment in India.
We’ve come up with the list of the most profitable businesses with the least investment that you can start today in the comfort of your home. We made a ranking out of a points system of the top profitable businesses with a low investment (little to none to be exact). For example, offering translating services ranked first on a website it will get 7 points. It then appeared on a different source and ranked at second place, the score will be six. On the third source, if it was rank in third place, the score will be five. We summed up all the points and we are able to come up with the list of the most profitable business industries.
Get ready cos here our are list of the 7 Most Profitable Businesses with the Least Investment in 2020: