40 Best Startup Ideas to Make You Money in 2022 - NerdWallet (2024)

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Coming up with brilliant startup ideas may feel tricky to aspiring entrepreneurs, especially when it may seem that everyone’s already swooped up every good idea for a business. Still, it’s entirely possible to become successful by improving on existing products or putting a unique spin on an old idea.

The benefits of self-employment can make the effort of launching a startup worth it. In addition to the freedom that comes from being your own boss, starting a business can bring greater job satisfaction and higher earning potential.

40 Best Startup Ideas to Make You Money in 2022 - NerdWallet (1)

40 startup ideas

Even startup ideas that seemingly come out of left field can yield incredible success. Read through this list for instant inspiration and get your creative gears turning.

1. Create educational content or activities

Parents are always looking for tools and activities to keep their kids entertained and engaged. Printable activity guides for different age groups, home-school lesson plans or even virtual nature walks or story time could all be viable startup ideas.

2. Offer virtual team-building

Companies need new ways to boost morale and build camaraderie among remote and hybrid teams. Enter the virtual team-builder. Cheesemongers, mixologists, chefs, magicians, artists, historians, master gardeners — almost anyone can create and offer bonding experiences for virtual companies.

3. Start a meal-prep business

By 2026, more than 217 million people in the U.S. will use online food delivery services. Tap into that market and start a meal-prep service to make people’s lives easier and cater to specialized diets (keto, vegan, Whole30).

4. Create a food waste solution

Creating a startup focused on reducing food waste could not only earn you some serious funding, but also positively change the food system and help save grocery stores and restaurants money.

5. Capitalize on plant-based foods

The U.S. plant-based market is exploding, with sales of plant-based foods doubling in recent years to $7.4 billion in 2021. Creating a vegan supermarket or making meat-free versions of traditional foods could be the ticket to success for aspiring entrepreneurs.

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6. Start a drop-shipping business

The e-commerce business model of drop-shipping is especially attractive because it doesn’t require you to purchase inventory upfront. Selling higher-end products with low shipping costs could become profitable quickly if you do thorough competition research.

» MORE: 25 low-cost business ideas

7. Curate subscription boxes

Subscription boxes are a $22.7 billion dollar business globally, and the industry is still set to grow. Pick a niche, and then curate a collection of specialized goods to deliver unique experiences to consumers. Some subscription boxes focus on makeup; others focus on sustainability. Find the right starting point for you and run with it.

8. Create an airport-centric app

Creating an all-in-one app that allows travelers to navigate unfamiliar airports with real-time information is a relatively untapped startup idea. Though various travel applications exist, an app that shows amenities, TSA line wait times, ground transportation options and airport maps could be useful to passengers.

9. Become a destination wedding planner

The coronavirus pandemic added an extra layer of stress to destination weddings, creating added demand for wedding planners who can help manage wedding and travel logistics, including local guidelines and testing requirements. If you love exploring, are great under pressure and don’t mind working long hours, this could be the startup idea for you.

10. Make local guides

Even if you don’t consider yourself a local expert, creating local guides can get you familiar with your surroundings and help tourists enjoy off-the-beaten-path experiences in your area. Make themed guides, highlight attractions and partner with local businesses for advertising opportunities.

» MORE: 25 side business ideas

11. Create a local grocery delivery service

A grocery delivery startup can come with minimal setup costs — you only need a vehicle and a cell phone to get started. Help older people or others who are too busy to shop by offering this community-friendly service. You can even approach grocery stores in your area to see if they're willing to partner with you to get the service off the ground.

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12. Start a virtual event planning company

Virtual event planning is a new booming business as in-person gatherings go online or take a hybrid approach. A skilled planner who can ensure all attendees are engaged, regardless of location, will be in high demand for years to come.

13. Sell zero-waste products

Starting a zero-waste company is more than just a trendy thing to do; it can be an ethical, environmentally conscious decision. Selling sustainable products such as reusable bags, bamboo toothbrushes or products with zero-waste packaging could appeal to a growing number of sustainability-focused consumers.

14. Make products for pets

Create innovative pet products to take advantage of the fact that 70% of U.S. households (about 90.5 million families) have at least one animal companion. Look into developing toys, accessories or even clothing for furry friends.

15. Create custom clothing

Selling custom clothing or offering a tailoring service could be your winning startup idea. The custom clothing industry is gaining popularity and offers room for long-term growth.

16. Sell vintage clothing online

Demand for sustainable fashion has helped propel second-hand clothing into a $36 billion industry in the U.S. with projections to double in the next five years. Consider selling thrifted, vintage or upcycled clothing on social media, an ecommerce platform or an app such as ThredUp or Poshmark.

» MORE: 14 profitable ecommerce business ideas

17. Begin niche blogging

Find a niche (think e-sports or urban farming) and create engaging content around it. You can earn money through advertising, affiliate links and even product sales once you build an audience.

18. Become an e-book writer

If you’ve got a way with words, consider becoming a self-published author and selling e-books on virtual platforms.

19. Start ghostwriting

Create content for busy professionals who don’t have the time or the skill to write themselves. If you don’t mind not attaching your name to your writing, ghostwriting is a great way to earn money with little to no startup costs attached.

20. Become a resume writer

Everyone needs a resume, but few people are skilled at or enjoy writing their own. If you’ve got writing experience and are looking to launch a startup with no setup costs, creating a resume-writing service could be the path for you.

21. Open a coworking space

Capitalize on the rising popularity of remote work by creating a modern coworking space that addresses pain points of entrepreneurs. Pick a convenient location and build it out with highly sought-after amenities.

» MORE: 35 businesses that every community needs

22. Become an online coach

If you enjoy helping others achieve their goals and are a people person, this startup idea could be fulfilling for yourself and for your clientele. You can provide wellness, business or life coaching.

23. Flip failing websites

Buy an existing website, make improvements on it and sell it for a profit. You’ll need to understand the market well and have some web development skills, but this can be a profitable pursuit.

24. Become a web developer

The need for custom websites isn’t ever going away, and if you know your way around WordPress or know a programming language or two, you can start a profitable website development startup.

25. Start a podcast

If you’re deeply knowledgeable or passionate about a subject, consider getting into podcast production or hosting. Building an audience takes time, but once established, podcasters can earn money through affiliate marketing, donations and sponsorships.

26. Be a social media influencer

Once you find a niche and build a personal brand, amassing a large following on Instagram or YouTube can lead to a solid source of income through influencer marketing.

» MORE: 30 Instagram business ideas

27. Create online courses

Obscure hobbies can lead to lucrative business ideas if you make them easy for others to learn. If you’d like to teach others but aren’t interested in the coaching route, creating an online course could lead to reliable passive income.

28. Become a marketing consultant

If you’ve got digital marketing chops, help small businesses reach their target audiences by providing SEO, social media or copywriting services.

29. Develop an app

If you’ve got a unique idea and the necessary technical skills, creating an app could be your gold mine. It’s also possible to build an app without extensive coding skills, and once it launches, it can bring in passive earnings.

» MORE: 25 tech business ideas

30. Make a smart appliance

Smart accessories and home appliances are all the rage and becoming an important part of daily life for the average consumer. For inspiration, take note of daily tasks at home or at work that would be easier with a smart appliance.

31. Tap into virtual reality experiences

VR is the future, and the future is now. Create virtual reality experiences or accessories to tap into a global industry that’s projected to grow to a $44.7 billion market by 2024.

32. Make a niche dating site

The stigma around online dating has decreased over the past decade, so take the opportunity to help others find love. With various dating sites targeted to everyone from sea captains to farmers, there is market demand for specialty dating options.

33. Develop a chatbot

Create a chatbot — which uses artificial intelligence to communicate with people — to help businesses improve their communication. Chatbots have become more popular in recent years, and you can create one without knowing how to code.

34. Offer matchmaking skills

This is like creating a dating site but with a personal touch. If you have a knack for knowing what types of people and which personalities get along well, you might be the perfect person to start matchmaking. You can do this online or meet clients in person as well.

35. Be a virtual assistant

Being an online assistant for someone, or starting a company of virtual assistants, can be a huge success. Everyone could use a little extra help, and creating a startup focused around getting people that help for the administrative tasks in their lives, professional or personal, can be a huge moneymaker.

» MORE: Home-business ideas: 40 remote jobs to explore

36. Reinvent exercising

If there's one thing people get bored with, it's doing the same type of exercise day in and day out to stay healthy. Plenty of people have turned the exercise industry on its head, with businesses like CrossFit and Peloton popping up. You can do the same if you have an idea for a new regimen or activity for exercise enthusiasts.

37. Create eco-friendly, health-friendly makeup and beauty products

As people become more aware of the impact their personal choices have on their health and on the environment, they're looking for more health and beauty products that are also eco-friendly. Creating safe and eco-friendly products could be a great startup idea.

38. Open a food truck or restaurant pop-up

Opening a food truck or restaurant pop-up is a great startup idea for entrepreneurs with a knack for cooking. Both options are easier to launch than a full-scale restaurant and allow you to get started with a smaller staff and menu. You can open a food truck that only sells french fries with crazy toppings, for example, or launch a breakfast sandwich pop-up in your neighborhood coffee shop.

39. Start an organization business

Shows like "Tidying Up With Marie Kondo" and "The Home Edit" put professional organizing on the map, exposing millions to the magic of a tidy home. If you have a knack for making order out of chaotic spaces, you could start a business offering those services to those who need them. Organizing kitchen pantries, closets, bookshelves and more are all options you could offer customers at your new business.

40. Do interior design for young professionals

Have an eye for decorating? Start an interior design business, offering your services at an hourly rate virtually to young professionals looking for inspiration. It can be as simple as them uploading some images of their new space to your site and you sending back a few links with furniture in their budget and example images of what the room might look like when it's finished.

How to choose a startup idea

Do your homework before diving headfirst into a startup idea. First, make sure there's demand for the business you want to start, where you want to start it. More than 35% of businesses fail because there isn't a market need for their services or product.

You also need to write a business plan, which should include your company’s objective, sales plan, market analysis and financial projections. A good business plan can help to keep your business on track. Lenders will also want to see your business plan when considering you for a startup business loan. You should also consider the skills you already have and see how those align with any of the startup business ideas you might go with.

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The bottom line

Whether you choose from one of these startup business ideas or come up with your own, opportunities abound for entrepreneurs motivated to make money and start an endeavor all their own.

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This article originally appeared on JustBusiness, a subsidiary of NerdWallet.

40 Best Startup Ideas to Make You Money in 2022 - NerdWallet (2024)

FAQs

What is the cheapest most profitable business to start? ›

Here is our list of the most profitable businesses with low startup costs:
  • Information Services. ...
  • Social Media Management. ...
  • Dropshipping Business. ...
  • Event Management. ...
  • Cleaning Services. ...
  • Errand/Concierge Service. ...
  • Accounting Services. Average Net Margin: 22.01% ...
  • In-Home Caregiving Service. Average Net Margin: 23%
Jun 23, 2023

What is the hottest business to start? ›

Here are 20 small business ideas tailored to 2023.
  1. Home improvement services. In 2020, the real estate market saw its highest pace of growth since 2005. ...
  2. Cleaning services. ...
  3. Tutoring services. ...
  4. Personal training and fitness instructors. ...
  5. Delivery services. ...
  6. Baby supplies. ...
  7. Pet store. ...
  8. Digital marketing services.
Nov 16, 2022

What are the most lucrative businesses to start? ›

15 of the most profitable small businesses to start in 2023
  • Cleaning services.
  • Dog walker.
  • Mobile car wash.
  • Tutoring.
  • Fitness and personal training.
  • Social media expert and influencer.
  • Digital marketing.
  • Food trucks and food stands.

Which startup will be best in future? ›

Best Innovative Business Ideas in India
BusinessEstimated InvestmentEstimated Earnings (Per Month)
Internet of Things (IoT) Business₹10 lacs₹100000
Biometric Sensor Locks13 lacs₹500000
Broadband Business₹8 lacs₹60000
Freelancing Services₹5k₹40000
16 more rows

What is the best business to start with $1,000 dollars? ›

35 Low-Cost Business Ideas You Can Start with $1,000 or Less
  • Catering Business. If you love cooking, a catering business can be a cost-effective business to start. ...
  • Food Delivery Services. ...
  • Mobile Coffee Cart. ...
  • Wholesale Bakery. ...
  • Landscaping Business. ...
  • Cleaning Services. ...
  • Handyman Business. ...
  • Online Jewelry Shop.
May 10, 2023

What business requires absolutely no money to start? ›

Bookkeeping, dog walking, house sitting, snow removal, fact-checking, tutoring, and resume writing are all businesses you can start with little (or no) money. In most cases, all you need is a website and some hustle, making them extremely low cost.. You can definitely start a business with little or no money upfront.

Which business is the hardest to run? ›

Four of the Hardest Small Businesses to Run (and Four of the Most Successful)
  • Transportation -- This big category includes taxis, limos, ambulances, hearses and other vehicles for hire. ...
  • Retail stores -- It only takes one slow season to leave you swimming in inventory.

What is the hardest thing to start a business? ›

The hardest thing about starting a business is the amount of money it takes to get started. It takes money to rent or buy a space, to buy supplies, to hire employees, and to market your business. If you don't have enough money to cover all of these expenses, you'll have to find a way to finance your business.

What small business has the highest profit margin? ›

The 7 Most Profitable Small Businesses
  • Which Industries Are Most Profitable?
  • Accounting and Bookkeeping.
  • Financial Advisor.
  • Software as a Service (SaaS)
  • Real Estate Rentals.
  • E-Commerce Store.
  • Tax Preparation Services.
  • Food Truck.
Nov 30, 2022

What company makes the most money every day? ›

Which Company Makes the Most Per Day?
RankCompanyProfit per Day
#1Saudi Aramco$304,039,726
#2Apple$163,098,630
#3Industrial & Commercial Bank of China$123,293,973
#4Samsung Electronics$109,301,918
6 more rows
Oct 21, 2019

Which business is most profitable in 2023? ›

The most profitable businesses for 2023 include social media management, cleaning services, creating online courses, business consulting, graphic design services, digital marketing services, app development, personal training, web development, courier services, catering, real estate investing, virtual assistant ...

What business makes the most millionaires? ›

Financial Services

The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report. In the business of money, people make a lot of money. Behind the most successful ventures in the world are people and organizations skilled in deploying and growing money.

What is best startup business in 2023? ›

10 Best Businesses To Start in 2023
  • Vending Machine. A vending machine business is a great business to start as a full-time job or a side hustle. ...
  • Content Marketing. ...
  • Virtual Assistance. ...
  • Web Development and Design. ...
  • Digital Marketing. ...
  • Affiliate Marketing. ...
  • Graphic Design. ...
  • Food Delivery Service.

What are the startup trends for 2023? ›

Startups that offer innovative e-commerce solutions, such as personalized recommendations and same-day delivery, will continue to thrive in 2023. These startups are capitalizing on the shift in consumer behavior towards online shopping and convenience. As technology advances, cybersecurity threats also increase.

What business can I start with $500 dollars? ›

20 cheap businesses you can start with $500 or less
  • Online seller. Whether you want to sell apparel, collectibles or something else, you can easily get up and running online on the cheap. ...
  • Virtual educator/trainer. ...
  • Dropshipper. ...
  • Social media marketer. ...
  • Freelance writer or editor. ...
  • Sales consultant. ...
  • DIY crafts and treats. ...
  • Lawn care.

What business can I start with $100? ›

We are going to cover a few business ideas that you could consider if you are strapped for cash, but still want to be your own boss.
  • Consultant. ...
  • Social Media Manager. ...
  • Painting Contractor. ...
  • Tour Guide. ...
  • Cleaning Service. ...
  • Blogger. ...
  • Freelancer. ...
  • WordPress Developer.

What is the least expensive business type? ›

Advantages of a sole proprietorship

In fact, according to the SBA, it's the simplest and least expensive business type you can establish. Let's take a look at a few additional key advantages. Taxes: You don't need to separate taxes for your business. Any profit you make is simply treated as your own income.

What business can I start with 3000? ›

Pure water/bottle water business

If you are living in a populated place such as Lagos then pure water business could be a very good option, this business doesn't required a lot of start up capital. with just 3000 Naira to 5000 Naira you can start this business in a stable way. You don't have to hawk yourself.

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