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Home  /  Business and Management  /  Seven profitable businesses that you can set up in 2023

Seven profitable businesses that you can set up in 2023

Rylee McGlothin August 21, 2023 Business and Management Leave a Comment

Since the advent of the Internet, more and more people want to experience the phenomenon of entrepreneurship. Their dream is to set up a profitable business that allows them to “fire” their boss and enjoy absolute freedom. However, not everyone can be successful, as there are not as many profitable online businesses as there are entrepreneurs.

Always remember that, when opening an online store, failure is a real possibility, that it is always present. If you want to avoid it, you will have to do a thorough preliminary study and create a business plan that allows you to analyze the viability of your project.

Table of Contents

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  • 7 profitable businesses with little investment that you can set up right now
    • Create A Niche To Monetize It
    • Sell Second-Hand Products
    • Translate Content Into Other Languages
    • Sell On Social Networks
    • Legal Advice On Digital Issues
    • Position Local Businesses On Google My Business
    • Edit Videos Or Podcasts

7 profitable businesses with little investment that you can set up right now

We have already seen what are the 3 characteristics of the most profitable businesses in Spain. Now we are going to give you a few business ideas that will serve to inspire you if you are short of ideas.

Create A Niche To Monetize It

If you want to create profitable businesses from home, our recommendation is that you learn SEO and explore the possibility of monetizing an SEO niche.

Broadly speaking, a niche SEO is a blog created from scratch on a topic that has high search potential.

If you know how to correctly use the positioning techniques in Google, you will be able to attract traffic to that blog (for example about internet soccer, cooking recipes, or a business in which you are a specialist), with the aim that visitors click on the advertisements or in the affiliate links that you have previously inserted.

Sell Second-Hand Products

The market for second-hand products is on the rise, as it is very attractive to many different types of people: from those who think about sustainability and the environment to giving a second chance to many products that would otherwise end up in the garbage, even those who want to buy something but do not want to pay the price of brand new.

This means that the sale of second-hand items can become a very profitable business if you start to accumulate stock and sell it in a professional way.

When referring to a professional sale, we mean that you must be careful with the images and descriptions of the products you want to sell. In fact, there is no worse thing to scare off sales than showing images that are careless, poorly focused and framed, or that make the product appear less attractive than it is.

However, if you make an effort in marketing and communication, the sale of second-hand products can become one of the most profitable businesses in Spain in 2022.

Translate Content Into Other Languages

As globalization advances, companies demand that their texts and business communications be published in multiple languages.

Therefore, if you know languages, you can take advantage of your competitive advantage to create one of the most profitable home businesses in recent times.

Remember that for companies to hire you, you must offer added value . It would be of no use if, as an order comes to you, you pass it through Google Translator and do cut and paste. More than anything because these robotic translations —and in many cases absurd— are obvious to the point that they are generated automatically and without human intervention.

Sell On Social Networks

Although we at Shopify are fervent supporters of online stores —like the ones you can easily create on our platform—, the truth is that there are many people who have turned a pastime, a hobby, a hobby, into a profitable digital business by selling of products in social networks.

This business idea consists of buying wholesale products from a wholesaler and then reselling them through the platforms that the social networks themselves have integrated into their spaces.

If you are an influencer, for example, it is very easy for you to take advantage of your influence in your community and sell directly on your own profile or through applications such as Instagram Shopping.

Another option would be for the transactions to be carried out through the numerous buying and selling groups that are being created, especially on social networks such as Facebook.

Legal Advice On Digital Issues

If you are a lawyer or have studied a legal career, you can specialize in digital law, advising all types of companies and businesses on the Internet on issues such as data processing, privacy, the use of cookies, the right to be forgotten, etc.

These topics usually generate profitable businesses because all digital entrepreneurs have to comply with legal requirements that they are unaware of, that they have difficulty understanding and that they do not know how to implement correctly.

Position Local Businesses On Google My Business

For a local company —for example, restaurants, hairdressers, shoe stores, haberdashery, masseurs, or podiatrists—, positioning in Google My Business is of vital importance.

Even more so, if possible, since the Yellow Pages have disappeared from homes, and instead people search for the site where they want to make an appointment directly from their smartphone.

Therefore, we are facing one of the profitable businesses with little investment that presents the best projection for the future. If you know how to position local businesses in Google My Business, you will not be short of customers, since it is a fundamental need of any establishment.

Edit Videos Or Podcasts

Another of the profitable businesses with the most demand in 2022 is going to be audiovisual production.

If you are a pro user of video editing software programs such as Adobe Premier, Camtasia, or DaVinci Resolve, you have a market full of possibilities among all those people who want to become you tubers but do not know how to edit the videos they record.

Your job, in this case, would be to edit the raw videos that YouTubers send you so that the end result is a powerful, professional-quality clip.

Another option — if audio is your thing — would be to edit podcasts for people who want to communicate through their audio recordings, but don’t have the time or inclination to give their episodes a more professional finish.

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Rylee McGlothin

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