74 Best Small Business Ideas in 2024 (Hot Picks PLUS Average Income & Startup Cost)

1. Local Lead Gen Biz

Local lead generation is a top small business idea because it uses free online traffic to earn up to 90% profit margins. A BrightLocal survey found that 93% of people used the internet to find local businesses last year. This shows how vital local SEO (Search Engine Optimization) is. Starting a local lead generation business is simple and can grow quickly. You start by researching to find a good location, then you set up a website and use local SEO to make it easy to find. Next, you partner with a local business owner who needs more customers and rent out your website space to them for a fixed monthly fee.

HubSpot found that 61% of marketers say their main goal is to improve their online presence through SEO. Also, local lead generation websites can appear on the first page of Google search results in 6 weeks to 6 months. This is faster than other small businesses because of the local focus.

32. Handyman

A handyman business offers a variety of repair, maintenance, and improvement services for homes and commercial properties. Handymen take care of tasks like fixing leaky faucets, repairing doors, painting, and minor electrical work. To start, you need basic tools, some handyperson skills, and good customer service abilities. A reliable vehicle to transport tools and materials is also essential. The increasing need for maintenance and repair services will drive an 8% growth in employment for workers in this field from 2020 to 2030. This growth is driven by the increasing need for these services.

A HomeAdvisor survey found that 80% of homeowners have a list of repairs and improvements they need help with. It shows a strong demand for maintenance worker services. Also, a Porch.com survey found that 53% of homeowners prefer hiring a handyperson for minor jobs. They prefer this over doing the jobs themselves. 

33. Woodworker

A woodworking business involves creating custom furniture, cabinetry, and other wooden items. This small business idea allows creativity to produce unique, high-quality pieces that can sell for higher prices. Woodworkers use various types of wood and tools to craft items based on client specifications. To start this business, you need woodworking skills, tools, and a workspace. The demand for woodworking products is strong and growing.

The National Wood Flooring Association says 78% of American homeowners prefer hardwood floors. Custom furniture and cabinetry are also in high demand, with many consumers willing to pay more for unique items. A survey by Houzz found that 45% of homeowners who renovated their kitchens chose custom cabinetry.

34. Home Inspector

A home inspector business involves evaluating the condition of homes, typically before they are bought or sold. Home inspectors check for issues like structural problems, electrical faults, and plumbing defects. This small business idea is appealing because it has low startup costs and offers flexible working hours.  

According to the National Association of Realtors (NAR), 88% of homebuyers in the U.S. requested a home inspection as part of their purchase process. It shows the essential role of home inspectors. As home sales rise and awareness of property inspections increases, the market for these services continues to expand. A report by Zillow found that 56% of homebuyers who skipped a home inspection regretted their decision. 

35. Home Staging

A home staging business involves preparing homes for sale by making them more attractive to potential buyers. This type of business allows for creative freedom in transforming spaces to attract buyers. According to the National Association of Realtors (NAR), 83% of buyers' agents believe that staging helps. It helps buyers see a property as their future home. Also, a HomeAdvisor report says 38% of sellers' agents stage all their clients' homes before listing.

The real estate market is becoming more competitive. More homes are being listed. So, the role of professional staging is increasingly critical. Also, the International Association of Home Staging Professionals (IAHSP) found that staged homes tend to get offers that are 5-10% higher than those for non-staged homes. This underscores the financial benefits of good home staging.

36. General Construction

A general construction business provides a wide range of services, including building new structures, renovating existing ones, and managing different construction projects. This type of business caters to both residential and commercial clients, creating multiple ways to earn income. The construction industry is known for its job stability and growth potential. In fact, 75% of construction firms expect to hire more employees next year. This is according to the Associated General Contractors of America (AGC).

There's a consistent demand in the residential sector too. The National Association of Home Builders (NAHB) reports that 60% of American homeowners plan to start home improvements in 2023. Businesses on the commercial side are actively expanding and upgrading their facilities. A study by Dodge Data & Analytics noted a 12% increase in commercial construction starts in 2022, showing a robust market.

37. House Painting

A house painting business offers painting services for both homes and commercial properties. You can work on new buildings, renovations, or simple upgrades.  A HomeAdvisor survey found that 70% of homeowners plan to paint their homes in the next five years. It shows strong demand for painting services. Harvard University's Joint Center for Housing Studies reveals that painting is the most common project.

The trend is towards making homes beautiful and keeping them nice. This creates a constant need for pro painters. The NAHB found that 55% of homeowners who renovated in 2022 included painting. 

38. Electrical Work

An electrical work business handles everything from wiring in homes to installing systems in commercial buildings. Electricians take on jobs like setting up new wiring, fixing electrical problems, and updating old systems. A high number of electrical contractors, 72%, report being very satisfied with their jobs. This is according to the National Electrical Contractors Association (NECA).

Demand for electricians is strong and growing. The U.S. Energy Information Administration (EIA) notes that older homes often need electrical upgrades. This is especially true for those over 50 years old. Also, the rise of smart home tech and renewable energy is increasing the need for skilled electricians. The National Association of Home Builders (NAHB) found that in 2022, half of the homeowners who renovated added electrical upgrades. This consistent demand makes electrical work a stable and important field.

39. Appliance Repair

An appliance repair business focuses on fixing home appliances such as refrigerators, washing machines, and ovens. Technicians in this field work to find out what's wrong, replace broken parts, and maintain appliances to make them last longer. The Association of Home Appliance Manufacturers (AHAM) says 90% of American homes have one major appliance over five years old. This shows a big need for repair services.

With the price of new appliances going up, many people choose to fix the ones they already have. A survey by Consumer Reports showed that 75% of people who had an appliance break down, repaired it instead of buying a new one.

40. Bicycle Repair

A bicycle repair business focuses on fixing and maintaining various types of bicycles, including road bikes and mountain bikes. You diagnose issues, replace worn or broken parts, and carry out regular maintenance to ensure bikes are in top shape. The growing popularity of cycling, both for fun and as a way to commute, fuels the demand for these services. The League of American Bicyclists notes that 12% of Americans ride a bicycle at least once a week. This shows a consistent need for maintenance and repair.

Also, people are becoming more eco-friendly. They are seeking sustainable transport. So, the use of bikes as a main way to get around is rising. This trend further boosts the need for skilled bicycle repair services.

41. Boat Cleaning

A boat cleaning business provides cleaning and maintenance services for various types of boats, from small personal watercraft to large yachts. Boat cleaning involves washing, waxing, and detailing the exterior and interior of boats to keep them in good condition. There are approximately 12 million registered boats in the United States, according to the NMMA. It shows a steady need for boat cleaning services.

People enjoy recreational boating and want to preserve the look and longevity of their boats. It means professional boat cleaning services are in high demand. A report by BoatUS found that regular cleaning and maintenance can extend the life of a boat by up to 30%. 

42. Car Cleaning & Detailing

A car cleaning and detailing business provides deep cleaning and upkeep for all types of vehicles, from everyday cars to high-end luxury cars. This service includes cleaning, polishing, and protecting both the inside and outside of a vehicle to keep it looking great. Over 276 million vehicles are registered in the United States, says the U.S. Department of Transportation. There is a constant demand for these services.

More people want to keep their cars nice and keep their value. So, the need for pro detailing is growing. A report from AutoTrader shows that a well-detailed car can increase its resale value by up to 15%. These factors indicate that starting a car cleaning and detailing business could be both profitable and in high demand.

43. Electronics Repair

An electronics repair business involves fixing various devices like smartphones, laptops, and home entertainment systems. Repair technicians diagnose issues, replace faulty parts, and perform maintenance. The Pew Research Center says 85% of American adults own a smartphone and 77% own a laptop or desktop computer. This shows a steady need for repairs.

With the high cost of new electronics, many people prefer to repair their existing devices. A report by SquareTrade found that 30% of smartphone owners experienced accidental damage to their devices in the past year. These factors suggest that starting an electronics repair business can be profitable.

44. Furniture Restoration

Furniture restoration involves repairing and refinishing old or damaged furniture to make it look new again. Restorers clean, sand, repair, and refinish pieces to extend their life and improve their appearance. A report by Furniture Today found that 45% of American households own at least one piece of antique furniture. It shows the steady need for these services.

People becoming environmentally conscious. They choose to restore and repurpose old furniture instead of buying new. A study by the National Association of Home Builders (NAHB) found that 30% of homeowners who renovated their homes included furniture restoration in their projects.

45. Rug Cleaning

A rug cleaning business involves cleaning and maintaining rugs to keep them looking good and lasting longer. Rug cleaners use special equipment and techniques to remove dirt, stains, and allergens from rugs. According to the Carpet and Rug Institute (CRI), 70% of American homes have at least one rug. It shows a constant need for cleaning services.

People are aware of indoor air quality and the importance of clean living spaces. That means, professional rug cleaning services are in high demand. The Environmental Protection Agency (EPA) found that the regular rug cleaning can cut indoor allergens.

46. Personal Trainer

A personal trainer is a fitness professional who helps clients achieve their health and fitness goals through customized workout plans, nutritional advice, and ongoing support. This small business idea involves working directly with clients in various settings. It include gyms, their homes, or even online. Becoming a personal trainer offers good earning potential and job security. This career is in demand due to the growing awareness of physical fitness and health, with 20% of American adults having a gym membership.

Also, a report by the National Academy of Sports Medicine found that 60% of gym-goers who use personal trainers achieve their fitness goals better than those who do not. These statistics highlight the steady demand and effectiveness of personal training services.

47. Massage Therapist

A massage therapist helps clients relieve stress, manage pain, and improve overall wellness through therapeutic massages. You can work in spas, clinics, or clients' home. It offers flexibility in your work environment. The demand for massage therapy services is high due to increasing awareness of its physical and mental health benefits. According to the American Massage Therapy Association (AMTA), 19% of American adults received at least one massage in the past year.

More people seek help for stress-related conditions. They focus on holistic health. This has grown the need for professional massage therapists. The NCCIH found that 60% of people who got massages did so for health reasons. These reasons include pain management and injury recovery.

48. Personal Chef

A personal chef creates customized meals for clients based on their dietary needs and preferences. This job includes planning menus and grocery shopping. It also includes cooking and sometimes delivering meals or cooking in clients' homes. The demand for personal chef services is on the rise, fueled by a growing interest in convenient and tailored meal solutions. The Food Marketing Institute says 25% of American households hired a personal chef or used a meal preparation service last year. This shows a strong demand for these services.

Also, more people are adopting healthy lifestyles. They want custom nutrition plans. This is increasing the need for skilled personal chefs. The International Food Information Council reports this. 60% of consumers are interested in personalized nutrition. This shows the importance and popularity of these services.

49. Makeup Artist

Makeup artists offer a range of services, from everyday makeup application to special event and theatrical makeup. You often work with clients. You create customized looks that bring out their natural beauty. This is for weddings, photo shoots, or media productions. The demand for professional makeup services is increasing. Makeup artists can find work in many places. It includes salons, fashion shows, and freelance work.

The beauty industry in the U.S. experienced a 4.5% growth in 2023, as reported by IBISWorld. It is driven by trends in beauty and fashion and the popularity of social media. A study by the NPD Group revealed that 60% of consumers use makeup to enhance their appearance on social media. It emphasizes the importance of this service in today's digital age. This growing demand makes being a makeup artist a promising small business choice.

50. Professional Organizer

Professional organizers help clients by assessing their needs and creating customized plans to organize their spaces. This service benefits individuals overwhelmed by clutter and businesses looking to improve productivity. Organizers sort, purge, and reorganize items, and provide systems to maintain order.

Demand for these services is growing as more people recognize the benefits of organized spaces. The National Association of Productivity and Organizing Professionals (NAPO) says that 54% of Americans feel overwhelmed by clutter. Additionally, remote work has increased the need for functional home offices. The American Institute of Stress reports that 77% of people feel stress because of clutter.

51. House Cleaner

House cleaners carry out essential tasks like dusting, vacuuming, mopping, and sanitizing to keep homes clean and well-maintained. This service is especially useful for busy households that do not have time for thorough cleaning. House cleaners usually work on a regular schedule. You can provide services weekly, bi-weekly, or monthly, depending on the client's needs.

As more families have both adults working, there's a growing need for professional cleaning services to maintain a healthy home environment. The American Cleaning Institute (ACI) reports that 80% of American households use pro cleaners once a year. Additionally, keeping a home clean is linked to better health and well-being. A study by the National Organization of Professional Organizers (NAPO) found that 60% of people feel less stressed in a clean home.

52. Packing Services Facilitator

Packing services facilitator involves helping clients efficiently pack their belongings for moves or storage. As a facilitator, you provide professional packing services. You securely wrap, box, and label items for easy transport. This service is for people and families preparing to move. It is also for businesses needing to move office equipment. More and more people are moving for many reasons. These include work, education, and personal preferences. This movement drives the need for these services.

The U.S. Census Bureau reported that approximately 31 million Americans moved in 2022. It underscores the steady demand for professional packing and moving assistance. Additionally, with the rise in remote work, more people are taking advantage of the flexibility to relocate. A report by Zillow reveals that 23% of Americans considered moving in 2023 because of remote work opportunities.

53. Daycare Owner

Daycare owner involves providing child care services to families, focusing on the safety, well-being, and development of young children. As a daycare owner, you create a nurturing environment where children can engage in educational activities, play, and social interaction. Daycares offer full-day or part-time care, with programs tailored to different age groups. It ensures that caregivers meet children's developmental needs. This business requires proper licensing, a safe facility, and trained staff to ensure high-quality care.

A report by Child Care Aware of America indicates that 58% of American families with children under the age of five use some form of child care. It highlights the steady demand for daycare. Also, the growing awareness of the importance of early childhood education has increased the demand. It has upped the demand for professional daycare centers. The study was by the National Institute of Child Health and Human Development (NICHD). It found that good daycare can greatly improve children's thinking and social skills.

54. Dog Walker, Groomer, or Trainer

Dog walkers, groomers, and trainers provide essential services to help keep pets healthy and happy. Dog walkers give pets regular exercise and companionship, groomers take care of their hygiene and appearance, and trainers work on obedience and behavior issues. These services can be offered separately or together, depending on what pet owners need.

With 67% of U.S. households owning a pet, as reported by the American Pet Products Association (APPA), there's a strong demand for these services. The focus on pet health and well-being is growing, leading to an increased need for professional pet care providers. Additionally, the Pet Industry Joint Advisory Council (PIJAC) reported that spending on pet services rose by 5% in 2023.

55. Pet Sitter

Pet sitting involves taking care of pets in their own homes while their owners are away. As a pet sitter, you ensure that pets are fed, exercised, and given attention. You might visit daily, stay overnight, or provide care during vacations or business trips. You can also provide extra services like administering medication or basic grooming.

The American Pet Products Association (APPA) says 67% of U.S. households own a pet. The demand for reliable pet care is high. This is especially true when owners are traveling. This demand has significantly boosted the need for professional pet sitters. In fact, a report by the National Association of Professional Pet Sitters (NAPPS) says that 60% of pet owners use pet sitting services when they travel.

56. Home-Baked Goods Seller

Starting a home-based baking business involves making and selling homemade treats like cakes, cookies, breads, and pastries. Operating from your home kitchen keeps costs low and allows you to choose your work hours. You sell products online, at farmers' markets, or local events. It caters to customers who value unique, high-quality treats made with artisanal care.

The demand for homemade, artisanal products is growing. The Specialty Food Association reports that 63% of consumers are willing to pay more for them. Also, people want custom baked goods more during special events. These include birthdays, weddings, and holidays. According to the National Confectioners Association, 45% of consumers buy baked goods for these types of events.

57. Independent Car Service / Ride-Sharing Driver

Working as an independent car service or ride-sharing driver means providing transportation to passengers using platforms like Uber or Lyft. As a driver, you'll use your own vehicle to pick up and drop off clients, which offers a flexible and convenient way to get around. This type of small business lets you choose your own hours, making it ideal for those looking for flexible work schedules. You can also earn extra money through surge pricing and incentives from ride-sharing companies.

The demand for these services is growing due to the need for reliable and handy transportation options. According to the Pew Research Center, 36% of American adults have used a ride-sharing service. Also, a study by the American Public Transportation Association found that 45% of public transit users also use ride-sharing. This shows that these services are a valuable addition to traditional public transit.

58. Photographer

Being a photographer involves taking high-quality photos for clients at various events, commercial shoots, and marketing campaigns. You use their technical skills and creative vision to produce images that meet their clients' needs. This type of small business requires an investment in equipment and ongoing education to keep up with new trends and techniques.

IBISWorld says the photography industry grew by 2.5% in 2023. The growth was driven by rising demand for high-quality images in personal, commercial, and marketing uses. Additionally, a study by MDG Advertising showed that content with relevant images gets 94% more views. This is in comparison to content that does not have images.

59. Videographer

Videographer involves creating high-quality video content for a variety of clients, including individuals, businesses, and organizations. Videographers capture footage. You edit it to make videos for events, marketing, and online content. It requires a strong understanding of camera operation, editing software, and storytelling techniques.

A study by Wyzowl found that 87% of businesses use video as a marketing tool. It highlights the significant demand for skilled videographers to help businesses stand out in market.

60. Voiceover Artist

Voiceover artist involves providing vocal talent for various media, including commercials, audiobooks, video games, and animations. You use your vocal skills to bring scripts to life. Also, you are creating engaging audio content that enhances the listener's experience.

The industry saw a 2.8% growth in 2023. It is driven by the increasing need for high-quality audio content across various platforms, as reported by IBISWorld. Also, the demand for interesting audio has surged. This has made professional voiceover artists highly sought after. Additionally, a study by the Audio Publishers Association (APA) found that audiobook sales increased by 16% in 2022.

61. Jewelry Making and Repair

Jewelry making and repair involves crafting unique, handmade pieces and offering repair services for valuable jewelry. You can design and create custom items such as rings, necklaces, and bracelets. You can also use precious metals and stones. Repair services can include resizing, polishing, and fixing broken pieces.

The growing appreciation for unique, handmade pieces drives the demand for this small business. A study by Etsy revealing that 50% of consumers prefer to buy handmade jewelry. In addition, online markets and social media have expanded the reach of jewelry makers. It allows you to sell their creations to a global audience.

62. Event Planner

Event planner specializes in organizing and coordinating events, such as weddings, corporate functions, parties, and conferences. It involves managing the event, venue selection, vendor coordination, budgeting, and logistics.  According to a report by IBISWorld, the event planning industry in the U.S. grew by 3.2% in 2023. It shows the steady demand for professional event planning services. This growth presents a promising opportunity for those looking to enter the industry.

Additionally, a study by Bizzabo found that 84% of event planners believe that events are critical to their company’s success. It could be highly rewarding to start an event planning business. This is for those who enjoy managing details and creating memorable experiences.

63. Buying a Franchise

Buying a franchise means acquiring the rights to run a business using an established brand and business model. You gain from the franchisor’s proven strategies, marketing help, and training programs. It helps you lower the risks of starting from scratch.

The franchise industry in the U.S. saw a growth of 3.5% in 2023, as reported by the International Franchise Association (IFA). It shows a strong demand for franchises. Moreover, a study by FranNet revealed that franchises have a success rate of over 90% after five years. This rate is much higher than the 50% rate for independent businesses. This underscores the stability and support that franchising offers.

64. Notary Public Services

Notary public provides essential services by witnessing the signing of important documents and verifying the identity of the signers to prevent fraud. This involves notarizing legal documents such as real estate transactions, affidavits, and powers of attorney. Notaries must be knowledgeable about state-specific laws and maintain an up-to-date notary commission.

A report by the National Notary Association (NNA) says there are over 4.4 million notaries in the U.S. This shows strong demand for notary services. Remote online notarization (RON) is becoming more common. It has made these services more accessible and efficient. Also, the Mortgage Bankers Association (MBA) found that 70% of 2023 mortgage transactions used electronic notarization. 

65. Marketing or Public Relations Agency

A marketing or public relations (PR) agency assists businesses in building their brand, connecting with their audience, and reaching communication goals. Your agency can make and manage strategies. These strategies cover making content, using social media, running ads, and media relations. Using your expertise, you can promote products, manage reputations, and engage customers effectively. The Content Marketing Institute says 91% of B2B marketers use content marketing to reach their customers. This highlights the value of strong PR and marketing.

66. Accounting and Tax Services

Accounting and tax services manage financial records, prepare tax returns, and offer financial advice to both individuals and businesses. The services help clients follow tax laws. You also help clients pay less tax and understand their finances.

According to a report by IBISWorld, the accounting services industry in the U.S. grew by 2.5% in 2023, showing a consistent demand for these services. Also, a study by the National Small Business Association (NSBA) shows that 60% of small businesses use an external tax preparer. This shows how much they rely on and value professional accounting services.

67. Specialty Food Store Owner

A specialty food store offers unique, high-quality items tailored to specific dietary needs, sucas organic, gluten-free, vegan, or ethnic foods. You provide products not in regular grocery stores. This attracts a niche market of food enthusiasts and health-conscious shoppers.

The specialty food industry in the U.S. saw a growth of 10.7% in 2023, according to the Specialty Food Association. This increase is fueled by more consumers seeking healthy, sustainable, and locally-sourced foods. Nielsen reports that 49% of consumers are willing to pay more for organic or all-natural products. Running a specialty food store requires finding good suppliers. You must also manage inventory well and make a welcoming shopping environment.

68. Food Truck Owner

A food truck business involves operating a mobile kitchen that serves a variety of foods, often focusing on specific cuisines or unique culinary themes. Food trucks are popular for their convenience because it can bring gourmet, street, or comfort food directly to customers. Also, you can operate at various locations like festivals, office complexes, and urban centers.

According to a report by IBISWorld, the food truck industry in the U.S. grew by 7.5% in 2023. It reflects the steady demand for mobile food services. Additionally, a study by Technomic found that 43% of consumers visit food trucks at least once a month. It highlights the popularity and potential customer base for this type of business. But, it requires managing a compact kitchen, complying with health regulations, and choosing right locations.

69. Bed and Breakfast Owner

Owning a bed and breakfast (B&B) involves providing personalized lodging experiences in a charming, often historic, setting. B&B owners typically offer cozy accommodations and homemade meals and a warm, welcoming atmosphere. Larger hotels cannot match these things. According to a report by the American Hotel & Lodging Association (AHLA), the B&B industry in the U.S. grew by 4.2% in 2023. It indicates a steady demand for this type of lodging.

Also, an Airbnb study found that 74% of travelers prefer staying in unique accommodations. These places give a local experience. That's why they love a good B&B. But, owning one requires keeping up the property. You also have to make breakfast for guests and offer concierge-like services to improve the guest experience.

70. Catering

Catering business involves preparing and delivering meals for events such as weddings, corporate gatherings, and parties. Caterers create customized menus and manage food preparation. Also, you ensure timely delivery and setup at event locations.

According to a report by IBISWorld, the catering industry in the U.S. grew by 4.5% in 2023. It shows a consistent demand for catering services. Additionally, a study by The Knot found that 75% of couples hire a caterer for their wedding. However, it requires managing logistics, maintaining food quality, and meeting client expectations.

71. Brewery

Opening a brewery involves producing and selling craft beer, often with a focus on unique and locally-inspired flavors. Breweries can be small, neighborhood taprooms. Or, they can be larger operations that distribute their products regionally or nationally. According to a report by the Brewers Association, the craft beer industry in the U.S. grew by 8% in 2023. It proves a robust demand for craft beer.

 Additionally, a study by Nielsen found that 66% of craft beer consumers will pay more for locally produced beer. This highlights the appeal of unique, locally crafted brews. However, opening a brewery requires big investments in equipment. It also requires compliance with regulations.

72. Coffee Shop Owner

Opening a coffee shop is creating a welcoming space where customers can enjoy high-quality coffee and a variety of other beverages and snacks. You must manage daily operations. This includes finding great coffee beans, maintaining equipment, and giving great customer service.

According to a report by the National Coffee Association (NCA), 62% of Americans drink coffee daily. You can tap into this enormous demand for coffee shops. Furthermore, a study by Allegra World Coffee Portal found that the U.S. coffee shop market grew by 4.2% in 2023. It emphasizes the potential for growth in this sector.

73. Clothing Boutique Owner

Running a clothing boutique means picking stylish, unique apparel. This small business idea thrives on personal customer service and a distinct inventory. It is often features limited-edition or handmade items. In addition to a physical storefront, many boutique owners also run an online store to reach a wider audience and increase sales. According to a report by IBISWorld, the boutique clothing store industry in the U.S. grew by 3.1% in 2023. It indicates a healthy and expanding market.

Also, a study by Shopify found that 60% of consumers like shopping at boutiques. They do so because boutiques offer unique products not found in larger stores. This desire for exclusive shopping experiences makes boutiques a great option. However, it requires a significant initial investment and ongoing research into the latest trends .

74. Consignment Shop Owner

Starting a consignment shop means selling gently used clothing and accessories for others and taking a commission on each sale. It lets you provide many items at lower prices than retail stores. This attracts shoppers looking for bargains. Consignment shops also help people make money from their unwanted items.

A report by ThredUp predicts that the second-hand market in the U.S. will grow by 15% each year. Furthermore, a study by GlobalData shows that 70% of consumers have bought or are open to buying second-hand products. Many people are interested in sustainability and affordability. This makes consignment shops a promising option for small businesses. However, you need to manage inventory and ensure the quality of items to keep the store reputable.

Conclusion: Why Local Lead Gen Biz Is The Best Small Business Idea in 2024?

Local lead generation is an outstanding small business idea for 2024 because it simplifies the competition. Global markets have countless competitors. But, local lead generation focuses on 10-20 companies in one area. This reduced competition makes it easier to get seen in local search results. There, you're only up against a few local companies. Additionally, the ability to leverage free traffic through local SEO means profit margins can soar as high as 90%. This makes local lead generation not only more manageable but also extremely profitable.

Also, local lead generation provides a stable income. It comes from long-term partnerships with local businesses. Once you establish a website and it ranks well on Google, you can rent it to a local business for $500 to $3,000 per month. This rental model offers a steady revenue stream because business owners pay a fixed monthly fee for access to high-quality leads. 

Over time, your local lead gen websites require minimal oversight, yet continue to generate passive income. It makes local lead generation a lucrative and low-maintenance business venture for 2024.