What are the best small businesses to invest in? Small businesses as you should know can be a great investment opportunity. And with that being said, you should continue reading to find out why and the type of small businesses you can at the moment invest in.
Best Small Businesses to Invest In
The world of investment is one place that offers various opportunities that comes in many shapes and sizes. You should however know that small businesses require more work and risk than many other investments out there, but the payoff on the other hand can be big.
Small businesses constitute a significant part of the economy and they help to provide jobs for close to half of the workforce in the United States. Also, they are one of the best if not the best paths to long-term wealth for you and your family in the event that you get to go into the right business.
5 Most Profitable Small Businesses
Once you already have a dedicated account with a bank, it is very much easy to manage your finances and then keep your personal and business finances separate. And here are a couple of ideas of some of the small businesses that you can easily invest in.
Real Estate Sales And Management
You really do not need any specific degree to get into the real estate business. You can even come from any background and then hit the books in a bid to earn a real estate license in your state and region. Some however may require a license from a specialized broker or property manager license in order to operate their very own real estate office.
But immediately you are established, it is one business that will require much more than just a computer as well as your time. You should know that much of this business is building relationships, creating a regular funnel of new clients, and marketing properties for the quickest possible sale.
The typical real estate commissions are 6% of the price of the sale which is of course split between the seller and buyers agents. That being said, selling a typical $250,000 home brings in a $7,500 payday for each agent. And when you put two together for each month, you will hit a six-figure income quickly.
Accounting
If you are really good with numbers, accounting may suit you well. Accounting and all related professions require just a computer and a license but however depending on the requirements of your state. And the most common professional designation for an accountant is CPA or certified public accountant.
An accountant more often than not will have a degree in finance, accounting, business management, or a related topic. Higher educated accountants on the other hand can demand higher rates and provide higher value services like consulting and financial analysis.
Copywriting
Someone needs to write the content of every web platform whether big or small. White papers, blog posts, how-tos, articles, guides, and other features all require a person with native-level English writing capabilities and impeccable grammar and spelling features. And in the event that you can handle that, a career as a writer may suit you.
Copywriting as you should know is yet another high-margin business as it just requires a computer and your abilities to start up and thrive. This type of business normally does not need a physical office or employees even. It also does not require any form of equipment or machinery beyond the usual laptop or desktop PC.
Personal Training and Fitness
Whether it is yoga, Zumba, Pilates, or any other form of workout, there is a constant demand for personal training and fitness classes. And if you can work with clients one-on-one or even drop into a local gym as a freelance instructor, then you can also rake in good money with few costs.
Personal training and fitness as you should know do not require any form of specific certification in many cases. It however does help to have a really strong interest in the topic in question and well enough knowledge to help out your clients succeed and in the process avoid any form of injury.
All you need to really succeed is a good playlist on your phone as well as the ability to put together a class to kick things off. Sales and repeat business again is relevant for long-term success. This is one of those businesses where a serious hobbyist already could have all of the needed equipment to begin a business without getting to spend much.
Cleaning Services
It’s true that nobody likes to scrub a bathroom or a kitchen floor. Most people hate it so much that they would rather pay for a person to do it for them. And with that, you can work as a cleaner yourself before you move on to hiring staff and outsourcing the actual cleaning.
Many cleaners rake in $20 -$30 every hour. All you need here to kick things off is a vacuum and some basic items from a local big-box retailer or a supermarket. And if you get yourself a contract with a business customer, you can earn a higher-end rate than just working with homeowners in some cases.
Invest a couple of dollars in a few vans and some marketing and then hire a couple of low-skilled but reliable workers and then you can be off and running with a well-to-do profitable venture in no time.
