The Most Profitable Businesses To Start In 2020

By BenOni | March 4, 2023

Entrepreneurship is on the rise. In fact, according to the 2017 Global Entrepreneurship Monitor, the number of entrepreneurs worldwide has increased by more than 10% since 2014.

With the rise of entrepreneurship comes the need for new businesses. But not all businesses are created equal. Some are more likely to succeed than others.

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So, what are the most profitable businesses to start in 2020?

Online Courses and Coaching

With the rise of the internet, online courses and coaching have become increasingly popular. And it’s no wonder why. They offer a flexible way to learn new skills and earn an income.

What’s more, they’re relatively low-cost to start and can be run from anywhere in the world.

If you’re an expert in a particular field, consider creating an online course or coaching program. You can promote your business through online platforms like Udemy or Teachable.

App Development

The app market is booming. In fact, it’s expected to reach $6.3 trillion by 2021.

With over two billion active app users, there’s a lot of potential for app developers. But you don’t need to be a tech genius to develop a successful app.

There are plenty of platforms that allow you to create an app without a single line of code, like Appy Pie and GoodBarber.

Instagram Influencer

Instagram is one of the most popular social media platforms with over one billion monthly active users. And it’s not just for sharing photos.

Instagram has become a powerful marketing tool for businesses and brands. And one of the most effective ways to market on Instagram is through influencers.

An influencer is someone with a large following who can promote your product or service. If you have a large Instagram following, you could start earning an income by promoting products and services.

SEO Consultant

Search engine optimization (SEO) is the process of optimizing a website to rank higher in search engine results. And it’s an essential marketing strategy for any business with an online presence.

If you’re familiar with SEO, you could start offering your services as an SEO consultant. You can help businesses improve their website ranking and get more traffic.

Virtual Assistant

A virtual assistant is a person who provides administrative support to businesses and entrepreneurs. They can do everything from scheduling appointments to managing social media accounts.

Virtual assistants are in high demand, especially among busy entrepreneurs. And as a virtual assistant, you can work from anywhere in the world.

If you’re organized and have strong administrative skills, starting a virtual assistant business could be a great way to earn an income.

There you have it – ive of the most profitable businesses to start in 2020. So, if you’re thinking of starting a business, these are some of the best options to consider.