The 6 Most Profitable Business Models in the United States Today

Since mid-2020, the number of new startups created in the United States has remained higher than in the previous decade. High levels of unemployment, increased competition with technology, and the simplification of e-commerce and website creation services are considered key factors for this decision. If you are thinking of starting a business in this country, now is the best time to do so.

Starting a business is more than just luck. Much of what influences the beginning of a startup from scratch is related to opportunities, planning, and the overall market. So, it’s crucial to consider whether the economic conditions are right for launching a company and if you can successfully penetrate the market with your solution.

However, we understand that tackling this market research on your own can be confusing and even overwhelming. This is where some fundamental questions arise: Do I need guidance? From whom? Is it important to have professional CPA firms near me?

Of course, having a CPA firm with committed CPAs and accountants that focus on providing customer service strategies and resolving industry challenges can assist you and make the difference between a successful decision or not.

Starting a business from scratch is hard work and requires a high level of attention to detail, so it’s always important to have an accountant who can advise you at each stage.

In this regard, working closely with the best CPA firm in Houston that advises companies on how to structure their strategy will be crucial for its success. Evans Sternau offers comprehensive services that allow you to take the next step with confidence and with the least possible risks.

So, if you’re thinking of starting your business journey in the United States, here are some of the most profitable businesses of recent times. Take note and choose the one that is ideal for you.

App Development

Becoming an app developer requires a low initial investment and a few resources to start, meaning almost anyone with a solid idea for an entertaining or useful mobile application can potentially succeed. The app industry is one of the most profitable in the USA, with over $30 billion expected to be spent on apps in 2022 alone.

Food Trucks

The food truck sector has experienced steady growth in the last five years, with the market expected to grow to $6.6 billion by 2028. Starting a food truck business costs less than a third of opening a restaurant in a mall, providing geographic versatility, the potential for high-income returns, and the flexibility to create a customized menu.

Food trucks often have their regulations, business licenses, and safety standards. They also require food commercial insurance that varies by state, so you’ll need to contact your local health department to find out the requirements.

Personal Trainer

Personal training is another profitable business idea in the USA that requires few initial resources with a high potential for success. All it requires is some equipment, maybe a gym membership with a guest pass, and considerable knowledge of personal health, fitness, and nutrition. Becoming a personal trainer doesn’t require any degree or certification but rather customer satisfaction and consistent results, along with a strong personal image and social media knowledge.

Freelance Writing

Becoming a freelance writer is another great and profitable business idea in the USA (and worldwide). All you need is a solid writing portfolio, a good internet connection, and some key knowledge in search engine optimization best content practices, and social media platforms.

Car Wash Services

The rising prices and expanded features of new vehicles make car owners keep them for longer, according to a 2020 study by Consumer Reports. According to the International Carwash Association, 66% of Americans wash their cars between one and two times a month, with an average of 13 times a year. The car wash market is expected to increase from $14.7 billion in 2021 to $20.7 billion in 2028.

You can make your car wash business even more profitable by turning it into a mobile service. Customers may pay more for a car wash that comes to them, especially if they have a luxury car and prefer a more personalized service. As a mobile car washing and detailing service, you would avoid the overhead and startup costs of a physical location.

Vacation Rentals

If you live in a highly desired tourist destination in the USA, you can profit by renting space in your home to travelers. Sites like Airbnb or VRBO have made it easier than ever to capitalize on your unused vacation property or even your spare room. According to Airbnb, the average U.S. host earns over $13,800 per year.

Becoming an Airbnb host is not too difficult, and the demand for this type of rental has only grown in recent years. However, some cities have laws and regulations regarding Airbnb and other rental platforms, so it will be important to make sure to check what is in effect in your city before starting.

What is the best business for a beginner? The best business for a beginner, or for someone looking to launch a small business, aligns with their talents, skills, and experience. No business can succeed without its founder knowing every detail. Any of the ideas listed in this article can be a great idea for any beginner. But don’t forget: it should make you feel fulfilled, committed, and comfortable.