Have you been looking for a profitable small business idea? Excellent! You’ve chosen to become an entrepreneur. If you are highly motivated and organized, you can successfully start a small business and make big profits.
Some of the ideas for small businesses might not occur to you — from running your own FedEx route to opening a bakery — but many of these ideas are high ROI and perfect for the hardworking man.
Here are some ideas to get your imagination flowing:
Skin Care Products Business
Opening your own skincare product company can be a great venture for a man. Before you think about getting started, you should learn about the skincare product world. A good option is to visit some local cosmetic centers in your area to see what their big-selling items are.
Today, there is a more significant focus on all-natural products, so having a natural product line would be wise. To minimize the startup expenses, you could start with essential skincare products and eventually branch out.
One of the best small business ideas for men is the catering business — the industrypulled in $61.5 billion in sales in 2018. People love eating and entertaining guests, so the market is growing for caterers. If you are patient, organized, and creative, you could fall in love with the catering business. You can travel to different parts of your area and enjoy various functions, from business meetings to weddings to birthdays.
Keep in mind that running a successful catering business involves more than cooking delicious food and delivering it. You need to find clients, interact with them, talk to guests, and deal with any issues that come up. Professionalism is always important, and you have to adapt on the fly, as you will be preparing foods in many different environments.
Running A FedEx Route
You may have never thought of this small business, but you can purchase an established FedEx route in many parts of the country on various websites if you have startup capital.
While the startup cost is high – $1 million and up – the cashflow on many established routes is hundreds of thousands of dollars per year.
A bakery business is one of the most profitable small business ideas. You typically run your business in commercial locations. Retail bakeries sell their products to customers, which they bake in house. They might offer small seating areas for customers.
Good baking requires skill and is a bit of an art. Competition is high, and most people in the business love to bake. The best-selling bakeries do not always have the best-tasting products, but they make their product with a lot of appeal, and that brings in the paying customers.Here’s another good reason to consider opening a bakery: The small commercial bakery industry makes about $7.5 billion per year.
A translating business provides translation services from one language to another language while keeping the meaning the same. They also must maintain the confidentiality of their clients. It is vital to ensure that grammar and spelling are the same, and the context does not vary from the original text.
English to Spanish and Spanish to English is especially needed these days, so if you are fluent in Spanish, this could be a great fit.
YouTube Channel Business
This is one of the most profitable online businesses. It only takes a few minutes to set up your own YouTube channel. But you need to have a detailed plan before you start this business. You will need to have a good video camera and other accessories to make videos that people want to watch.Think about a niche that you enjoy and know that you could make videos about. Once you’ve uploaded some videos about your subject, you need to optimize them to get followers.
An e-book store is a good business idea for men, as e-book readers and tablets have changed how books are sold. It’s estimated that $500 million in e-books are sold per year. You can earn money by selling copies of e-books on your site and also through Amazon and eBay.
Event planning is a profitable business because you help your clients organize events of all types and sizes, including weddings, birthdays, promotion celebrations, inaugurations, graduations, and more.
To be successful, you need to run a few successful events and get referrals. Event planners make money by getting a service fee for planning and operating these events. The profit margins are good, and the business continues to grow.
If you are ready to work hard and be your boss, starting one of the companies above could be the start of a great business and high ROI!
This content is sponsored by Larry Alton.
Photo credit: iStockphoto