145 New Service Business Ideas for 2022
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
If you’re thinking about starting a business, more specifically a service business, you’re part of a growing workforce demographic. Experts disagree on the exact size of today’s gig economy, but research from Intuit suggests that the population of independent, service-based business owners made up as much as 34% of the total U.S. workforce in 2017. That’s a huge volume of individuals looking for new, independent ways of earning an income.
Most Profitable Small Business Ideas for 2022
1. Social Media Marketing Agency
LinkedIn has over 500 million users with employers spending more than $40,000 per year per employee for LinkedIn profiles and endorsements. Many companies now rely on social media marketing agencies to create, optimize, and maintain their presence on all of the most popular platforms including Facebook, Twitter, Pinterest, etc.
Providing a social media management service or another digital marketing agency are great online business ideas because they are in-demand services that can be highly profitable.
2. Senior Care Services
As the Baby Boomer generation continues to age, demand for senior care services is only going to increase due to improved life expectancy and improved medical technology allowing people with diseases such as Alzheimer’s and Dementia to live longer.
Businesses like Home Instead and Comfort Keepers provide temporary and long-term help with daily activities like housekeeping and meal preparation in the comfort of the client’s home. Placing trained caregivers in seniors’ homes will require a reputable agency that screens potential employees thoroughly and trains them extensively before sending them into homes. This is yet another in-demand service with increasing profits.
3. Organic Beauty Products
People are becoming more aware of the ingredients used in skincare, haircare, and beauty products. Many people prefer to use natural products when possible for this reason. There is a growing market for organic beauty products that can be found in stores like Whole Foods, online at iHerb, or its own ecommerce business.
4. Healthcare Consulting
A healthcare consulting business will always be in demand as the number of regulations within the industry increases. This is an especially important industry considering that healthcare costs are rising significantly due to increased regulations and service demands. Hospitals, clinics, and other medical facilities will need consulting services such as data analysis and quality assurance.
This type of business is in high demand because it assists the healthcare industry to meet federal requirements efficiently and effectively while increasing profits for clients who can afford these types of consulting fees.
5. Healthy Fast Food
Millennials are looking for convenient food options made with fresh ingredients and served quickly by friendly employees so they can eat fast without compromising nutrition or taste. Healthy fast-food chains like Sweetgreen, Cava Grill, Freshii, etc., are popping up everywhere to fulfill this need for healthy convenience foods. Many Americans do not have time during their busy workdays to prepare lunch or make a stop at a restaurant before heading home. These entrepreneurs are in high demand and they can make a lot of money selling healthy fast-food meals.
There is always a demand for writers who benefit from ghostwriters because it takes years to perfect the craft of writing and many people don’t have the time or patience to hone their skills before publishing a book.
This type of business is in high demand because there will always be people willing to pay an experienced writer to produce literary gold, especially if they hire a ghostwriter who has experience with the topic at hand and knows how to market that specific genre effectively.
7. Translation Services
Translation services for websites, newspapers, brochures, legal documents, etc., will continue to be important as more people and businesses explore global opportunities and international trade becomes more common. Many online marketers rely on social media for advertising; therefore, they need the text of their website to be translated into languages that will appeal to different regions.
This small business idea is in high demand because there is a growing market for translation services as people become more aware of global opportunities and technological advancements make it easier than ever before to benefit from those opportunities.
8. Auto Repair Concierge
Auto repair shops have notoriously long wait times for appointments due to the sheer volume of work needing to be done by hand. An auto repair concierge service could efficiently handle vehicle repairs, parts distribution, car detailing, etc., so the time a customer spends waiting can now be used more productively.
This great business idea is in high demand because although the auto repair industry is strong, there are still many people who cannot afford to spend their whole day at a shop waiting for repairs and don’t want to risk hiring someone they don’t know and trusting that person with their car.
9. Freight Trucking
While manufacturing continues to be an important part of the economy, imports and exports play a huge role in the development of markets worldwide. For this reason, freight trucking will continue to be in demand as international trade increases exponentially over time.
How to start a profitable business
These ideas for profitable businesses span a variety of industries and involve varying time commitments and startup costs. Before you can earn any profit, however, you’ve got to get your business off the ground.
1. Do your research
Whether you choose one of the ideas here or come up with something on your own, do your research before committing to any concept. You'll want to perform idea validation, a process that involves market and competitor research, as well as a financial feasibility analysis to help test your business idea and determine whether you want to move forward with your business proposal.
2. Get organized and make it official
Once you’ve chosen a strong business idea, you’re ready to create a thorough business plan . Your business plan will outline your company’s goals — and how you’ll achieve them — as well as provide a roadmap for you (and potential investors) to follow for the next three to five years.
After you’ve written your business plan, you can take the necessary steps to make your small business official. You’ll choose a business structure, apply for an employer identification number, register your “Doing Business As” name (if necessary) and get the business licenses and registrations you need to open your doors.
3. Find the right financing
It can be difficult for startups to qualify for some traditional business loans, as they often require multiple years of business history for approval. Instead, new business owners might consider startup funding options, such as microloans, grants, crowdfunding, or asking friends or family for an investment.
Business credit cards are also an option for short-term financing, especially for everyday business purchases. With a business credit card , you can earn perks and rewards on your spending, as well as start building a business credit history.