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Most Profitable Small Businesses for 2022:

1. Real Estate.

The U.S. real estate market is a $202 billion industry with a projected growth rate of 3.4% in 2022. While the low barrier to entry and lucrative potential of this market make it an attractive option for budding entrepreneurs, the competition can be fierce.

How to Start a Real Estate Business

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2. Accounting and Tax Preparation.

Businesses that offer accounting and tax-related services continue to be among those with the best bottom lines. With the U.S. accounting services industry being the largest by region in a global market projected to be worth more than $700 billion in 2025, the future looks bright for accountants.

3. Website Design.

In an increasingly digital-driven world, websites present a key touchpoint between businesses and customers and are an essential feature of any business's online presence. As such, web design — an $11 billion industry — continues to be in high demand and can be a very profitable business venture.

4. Warehouse and Storage.

With many businesses and consumers relying on warehouse facilities to store their goods, renting out unused space can be a profitable undertaking. Unlike other professional services, this market, which is projected to grow at a rate of 10% between 2021 and 2026, has a low barrier to entry in that it doesn't require specialized skills or qualifications.

Increased demand for legal services has seen businesses in this industry turn a solid profit and is fueling the war for top talent. With online legal services experiencing faster growth than the U.S. economy, this market offers promising prospects for legal professionals looking to strike out on their own.

6. Personal Trainer.

The Bureau of Labor Statistics' projections for fitness trainers and instructors are immensely positive, predicting a growth rate of 39% within the next decade. While individuals embarking on a career as a personal trainer may start out at large fitness centers, experienced, certified personal trainers can make far more working for themselves.

7. Management Consulting.

While the management consulting market in the U.S. took a hard knock in 2020, it made a fast comeback and has already surpassed its pre-Covid market size. With digital transformation still being a key challenge for many companies, management consulting firms that leverage technology and automation are in a prime position to secure a profitable future.

How to Start a Consulting Business

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8. Marketing and PR Services.

With digital ad spend consistently increasing and the public relations market expected to grow over 10% by 2025, the job outlook in these fields is promising. In a competitive landscape that has businesses scrambling to have an unrivaled edge in the market, manage their image, and navigate the digital landscape, there is certainly money to be made.

9. Dental Office.

The demand and revenues in the dental industry are predicted to increase, with an aging population and technological advancements driving market growth in the U.S. While this career path requires a professional degree, those entering private practice can anticipate a profitability range of 30% to 40%.

10. Food Truck.

The food truck market in the U.S. experienced a burgeoning revival in recent years. With a flourishing foodie culture in a strained economy, offering affordable gourmet food on the move can be a profitable business model that offers more flexibility than a traditional restaurant.

How to Start a Food Truck

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11. Handyman Services.

The U.S. home service market remains strong and is expected to grow significantly by 2026. Online platforms that facilitate easy access to on-demand handyman services are on the rise and a driver of market growth. With no decline in sight, a handyman service business with a great niche and solid online marketing can be a lucrative endeavor.

12. Auto Repair.

With over 200 million personal vehicles across households in the U.S. and the need to maintain vehicles for personal use and resale, auto repair businesses are not going out of fashion. Before you get started, you'll want to make sure that you have the necessary skills, certifications, and funds to get your business off the ground.

13. Catering Service.

Operating a successful catering business is hard work and requires careful planning, along with the ability to deliver on expectations. However, if you have what it takes to be a chef, event planner, business manager, and customer service sensation all rolled into one, there is potential to turn a healthy profit.

14. Pet-Handling Service.

The pet care industry is booming, with pet owners looking to products and services to ensure their furry companions' health and happiness, from supplements and premium food to grooming services and accessories. While it may take some time to establish yourself as a top-notch pet handler, there is ample opportunity to make a profit in this industry.

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FAQs:

What are the most successful small businesses?

  • Real estate.
  • Accounting and tax preparation.
  • Website design.
  • Warehouse and storage.
  • Legal services.
  • Personal trainer.
  • Management consulting.
  • Marketing and PR services.
  • Dental office.
  • Food truck.

What small business has the highest profit margin?

  • Real estate.
  • Accounting and tax preparation.
  • Business consulting.
  • Property maintenance.
  • Warehouse and storage.
  • Auto repair.
  • Marketing and PR services.
  • Catering services.

What would be a good business to start?

Starting a business takes a lot of self-discipline and passion, so you should think about the things you love doing and consider a business that will let you work at your passion. However, you will need to research that market to make sure you can sell your idea. Certain small businesses are generally more profitable than others.

How much profit should a small business make?

There is no universal average or law to say how much profit a small business should make. A small business can have a healthy profit margin in the beginning, as startup costs and overhead expenses are low and the workforce is small. As the business grows and hires more employees, the profit margin will naturally decrease.

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Business Name Generator

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