A business idea that has legs can come from identifying an unmet need and identifying a target market.
Top 20 Business Ideas for Solopreneurs in 2024: You should consider whether your idea fills a need in how people live and work. Some banks are raising savings account fees, while others are adding surcharges to credit card payments for utilities.
Identifying an unmet need and identifying a target market can help you come up with a business idea with legs. But how do you start?
The following article presents the 20 best business ideas for solopreneurs in 2024. If you prefer to skip our detailed analysis, you can go directly to 5 Best Business Ideas for Solopreneurs in 2024.
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One of the best business ideas for solopreneurs in 2024 is to become a virtual assistant. Rebecca Morassutti makes six figures as a virtual assistant.
Entrepreneur reported that she began her journey by submitting a proposal on Upwork.
After her first year as a virtual assistant, in 2024, she made $65,000. In 2023, she earned $144,000.
The cost of setting up a virtual tutoring capability will be much less than setting up an in-person tutoring capability.
The execution of the plan may be facilitated by tools such as Zoom and Google Classroom.
As of April 29, 2024, The Joe Rogan Experience has over 16.6 million subscribers on YouTube and a star rating of 4.8 based on over 814,000 reviews on Spotify.
Podcasters can earn between $700 and $13,000 per month, depending on downloads and streams, according to Fourthwall.
A great business idea for entrepreneurs is to provide photography coverage at special events in their area.
Business owners can use Instagram and TikTok to market their photography.
A newsletter or selling books on Substack are two of the best business ideas for Solopreneurs in 2024.
The top 10 authors on Substack earn more than $25 million per year, according to Backlinko.
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Providing virtual personal training sessions is one of the best business ideas for solopreneurs.
YouTube, Instagram, and TikTok can also be used to market training businesses.
There are also platforms like Udemy on which solo entrepreneurs can create and sell online courses. The “Complete Python Bootcamp From Zero to Hero in Python” course on Udemy has over 500,000 customer ratings.
There are 1.89 million students enrolled in it and it costs $74.99.
A house cleaning business is one of the best business ideas for solopreneurs in 2024.
With over 500 franchise locations across the United States, Molly Maid is a leading domestic cleaning franchise. The initial franchise fee is $14,900, with a maximum investment of $190,000.
On Upwork, designers may earn between $15 and $35 per hour, contributing to their ranking on our list.
One of the best business ideas for solopreneurs is starting an event planning business. Business owners have the choice of starting a virtual or in-person event planning business. A virtual event planning business may be more cost-effective.
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You can sell tote bags, paintings, handmade jewelry, and planners on Etsy.
More than 180,800 customers have reviewed the set of 100 handmade jump rings on Etsy for $18.1.
An errand service business is one of the best business ideas for solopreneurs. It can serve busy individuals who cannot run their own errands.
The services can be provided on a small scale and later expanded to a much larger area.
The best business idea for solopreneurs is dropshipping. They can set up a dropshipping store on Shopify and source products from B2B marketplaces like Alibaba.
Noah Wickham’s dropshipping stores generate 40% gross profit and 20% net profit on average, according to a Shopify report.
A pet grooming franchise is another great business opportunity for solopreneurs.
It is expected to have more than 400 franchise locations by 2025, a testament to its growth.
Providing web development services on Upwork is one of the best business ideas for Solopreneurs in 2024.
On Upwork, web developers can earn between $100 and $1,000 per project.
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The best-selling custom necklace on Etsy is priced at $13.08 and has 24,100 customer reviews, as of this writing.
Users generated content creators are gaining immense popularity. According to Glassdoor, UGC content creators can earn somewhere between $16 and $35 per hour in the United States.
One of the best business ideas for solopreneurs is to start a consultancy business. According to Glassdoor, consultants in the United States earn between $12 and $60 an hour.
For solopreneurs, starting a coffee shop is a great business idea. But First, Coffee is a franchise chain of coffee shops in the Philippines.
In order to start a franchise, budding entrepreneurs must fill out an application and choose an initial investment package between $4,333 and $26,000.
In general, franchises make between $73,400 ($1,272) and $275,000 ($4,787) per month.
According to Fiverr data, a blogger can earn anywhere between $200 and $10,000 per month.
Bloggers with more than 10,000 monthly site visits can receive $25 to $750 per sponsored post.1. Blogging
Blogging is a great business idea for solopreneurs. According to data by Fiverr, a blogger can earn somewhere between $200 to $10,000 monthly. Bloggers with more than 10,000 site visits per month can credit $25 to $750 for every sponsored post.
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