In this post, we will discuss the top 15 fastest-growing small business ideas to start in the United States of America. Well, it’s quite difficult to start and sustain a small business in this fast-paced world we live in. Otherwise, everyone would have been doing it. The latest statistics show that 9 out of 10 new business startups fail. But why do some startups succeed while others close down?
Experts suggest choosing a unique, profitable, and trendy business idea plays a great role in determining the success of a new company. This is why we’ve put together this list to help you uncover the fastest-growing business ideas in the USA so you’re putting your best foot forward.
Let’s begin without any further ado.
1. Electronics and Gadgets Repair Shop
There is a surge in repair shops for electronic goods and gadgets in America. This is because today’s tech-savvy consumers are spending a lot to stay current on the technology.
Since all these electronic devices will invariably break and need maintenance. This creates a very profitable market opportunity for anyone looking for small business ideas. Therefore, you can think of offering gadgets and electronics repair services by yourself. Or you can build a team of professionals with deep knowledge and expertise in every device in the marketplace.
2. Pet Services
The people in America are passionate about pets. Studies show that about 66% of American households own a pet. The most popular pets are dogs and cats. Almost 65.1 million households in the U.S. own a dog. Similarly, 45.6 million households are those which have cats at home.
So, if you love pets and want to start a small business, the best way is to turn your passion into something lucrative. Of course, it takes a lot of hard work and commitment to make a business successful and profitable.
However, things become quite smooth and easy when you invest your time and effort into something you love to do. Below are small business ideas focused on pets:
- Pet sitting services
- Dog walker
- Dog training
- Pet grooming business
- Natural pet food
- Pet treats bakery
- Pet clothing
- Pet toys
- Pet funeral
3. Start Your Blog
Blogging is one of the fastest-growing small business ideas you can start with. Find answers to the following questions. Do you have a passion for writing? Does sharing your interests with the world excite you? If yes, you can become a blogger.
The best thing about blogging is, you can create content from anywhere like from home, office, or while on the go. If it evokes the interest of your readers, you can make money during the process.
The key to starting a bankable blog is to have high website traffic. If you can attract high traffic to your blog, most companies will see it as a tool with great conversion potential. Thus, the probability of partnering with you increases.
Another great way to start making money is to monetize your blog site. Through affiliate and display ads, a blog with 100,000 page views per month can earn you between $1,000 – $10,000 a month.
However, if you want to be successful in blogging, you need to be very careful about the selection of a niche. It should be something with low competition in the market. Moreover, the design, domain, hosting, CMS platform, and website localization should be nice.
This way not only you can share your opinions, experiences, and interests with the world but also generate income during the process.
4. Become a Translator
Providing professional translation services is one of the best small business ideas in America. Talking about America, it’s a great melting pot with diverse ethnicities and communities living there.
Since businesses often have to deal with people having a different language, you can work as a translator for them. This, however, demands you’re a multilingual speaker with excellent writing abilities.
In case you don’t have any professional experience, you can get online translation classes. When you sign up for an online course, they will help you gain confidence by working on test projects. This way you can get started in this job. Platforms like TranslatorsCafe and ProZ would be of great assistance to you in seeking freelance translation jobs. After you have spent some time in the industry, you can specialize in a field or two.
Not only will this make your job quite easy but will build your reputation as a subject matter expert. Which in turn would increase your chances of earning more money. The amount of money you generate will depend largely on the specific characteristics of a project. For instance, if a task is lengthy and involves complex terminology, it may increase the fee you charge.
5. Affiliate Marketing
With an affiliate marketing business, you don’t have to develop a product or service. In fact, you render your job as a middleman. And you have been doing such things in your everyday life, haven’t you?
Remember a situation where you recommended a certain product or service. This is when you were working as an affiliate marketer, although you didn’t make any money.
Why not thus make money for what you have already been doing?
All you have to do is, join a company that runs an affiliate marketing program. When you become an affiliate partner, you will have to promote their products or services. You will do so using your unique link.
This way you use that link to bring traffic to their products or service. In exchange for this effort, the company rewards you with a payout or commission after you provide them with a specific result.
In crowdfunding, funds generally come from multiple investors (crowd) instead of one or two primary investors. It is an excellent option for startup companies that don’t have enough capital. That’s why it has been included in the list of small business ideas.
However, you can collect money from multiple investors if you have excellent marketing, sales, and communication skills. Because you will have to convince the investment bankers into your business.
The minimum financial risk is the best benefit you get when you start a crowdfunding business. Moreover, you’re able to start your business with a very small amount of money with this approach.
7. Cleaning Services Business
When it comes to starting a business in the USA, you can’t ignore the importance of cleaning services. Do you know the average cost per hour for a cleaning service? It’s between $50 to $100.
If the area is around 1000 square feet, you can expect to earn $100 per hour. That said, if you have deep knowledge of the equipment and cleaning services, this is the best option for you. You can also create a team and kickstart your business by serving your neighborhoods at the beginning.
Moreover, if you can create an online site for this business, you can accept orders from across the city as well. This will spread your business and increase your money.
8. Open up a Daycare Business
Wonder why this found a place in our list of top small business ideas in America? Because daycare is a kind of business you can start with zero investment. Moreover, the demand for good daycare is also increasing especially after the pandemic hit. Currently, one out of every three families struggles to find adequate daycare.
So, in the beginning, you can use your home location to take care of and watch over infants in your nearby community. This will help their parents keep their jobs and pay you well in return for your services.
Over time, you can gradually expand it into a commercial enterprise. However, if you want to get into this business, you should meet certain requirements. For instance, a proper license and government permission will be mandatory.
Telehealth has become an integral component of today’s healthcare system. Previously, it was just about connecting patients with doctors through video meetings or video calls. But now these services include everything from appointment booking to prescriptions, medications, and follow-ups. All this is achieved through one single telehealth platform.
If you’re a startup or smaller-scale entrepreneur, telehealth is no doubt one of the small business ideas you should pay attention to. Also, be careful of the different compliance laws and regulations when providing telehealth services.
If you need to choose a telehealth software or platform, make sure to find one that comes with data security, easy documentation, and 24/7 tech support.
10. Social Media Consultant
Brands, big and small, are using social media platforms as a powerful strategy to generate leads and sales. While it’s easy for anyone to create a profile on Facebook, Twitter, or Instagram, not everyone knows how to make the most out of it.
To achieve the best outcomes, companies need to craft content and promotion along with suitable sales strategy and market positioning. Now, if you have experience working as a social media expert, you can provide consultancy in this popular market.
That’s how you can diversify your income streams and benefit from one of the most lucrative businesses in the United States of America.
11. Home Bakery Business
Do you enjoy baking wonderful cookies, cakes, and sweets? Don’t have the required resources to open a retail bakery? You can always help fuel your passion by opting for a home-based bakery.
In this home-based step, you will be working from the comfort of your home. And most importantly, you will be your own boss. Other benefits include that you won’t have to rent an expensive store. Plus, there will be no need to hire and pay staff.
12. Launch an Online Store
Launching an e-commerce store is one of the most rewarding and safest small business ideas ever. Customers around the world are becoming more interested in online shopping, creating an important business opportunity for you. You can easily grow your eCommerce business internationally.
You won’t have to face the difficulties of running a physical store. There will be no rent to pay. To get started, you just need an inventory along with an online platform to sell it. Shopify and WooCommerce are one of the most popular platforms to sell your services online.
13. Crypto Business
As more entrepreneurs are moving into the crypto world, cryptocurrencies are shaping up things like payments, cybercrime security, and more. So, starting a crypto startup or acting as a crypto consultant has a bright future indeed.
Either you can launch your crypto trading agency or provide consultancy to clients to safeguard them from any unethical and illegal practices in the crypto sphere.
14. Virtual Yoga Classes
We’re living in a world where people are extremely busy. Their lives are full of stress, uncertainty, and anxiety. As a result, yoga and medication have become a popular trend.
As people look for spiritual health and inner peace more than ever, you offer them virtual courses related to yoga and medication. You can’t miss this small business idea if you’re a yoga practitioner who also medicates daily in the mornings. It’s time to teach people what you know.
This is also one of the easiest small business ideas that you can start at home or create an online course on.
15. Online Coaching and Mentoring
Getting small business ideas is easy if you’re good at a certain skill. For instance, if you’re passionate about helping people, you can act as a life coach. You will only require a basic website and the internet to initiate your business.
This way you can give people advice and provide them with mentoring. You may help unemployed people get employment by advising them on how to succeed in interviews.
There you have it. We covered the top 15 most profitable and fastest-growing small business ideas in this article. You won’t need so much upfront capital to act upon them. But make sure the idea you choose matches your interests, experiences, and budget.
After you have chosen an idea, you will require a solid business plan and strategy to make your dream a reality. And when it comes to expanding your business in foreign countries, you can always come to us for translation and localization needs.
At CCJK, we have more than 15,000 translators and provide services in 230 languages. By working with us, you can truly make your small business a global venture.
Hope you find this article helpful. Thanks for reading.