8 Profitable and Innovative Business Ideas You Should Try This Year


There are thousands of innovative business ideas out there, but the ones that make it to the top are the ones with a unique and successful strategies. As you embark on your entrepreneurial journey this year, why not look at some of these profitable and innovative business ideas? From artificial intelligence companies to healthy snack bars, these best state to start a business model have been tried and tested for success. Whether you’re looking for inspiration for your next venture or want to know what’s trending in today’s business world, keep reading to discover 8 of the most profitable and innovative business ideas you should try this year.

Business Idea #1: Starting a Consultancy Firm

If you have a wealth of experience in a particular field, you can start your consultancy firm and help others succeed. As a consultant, you can share your knowledge and expertise with clients and help them overcome challenges. This is a great business idea for those looking to be their boss and make a difference in the lives of others.

To start, you must create a business plan and identify your target market. Once you have done this, you can begin marketing your services and building your client base. To be successful, it is essential to provide quality service and build strong relationships with your clients.

Business Idea #2: Creating an Online Course

Are you an expert in a particular subject or skill? Do you have experience teaching others? Creating an online course could be a great business idea for you.

Several platforms allow you to create and sell courses online, such as Udemy and Skillshare. You can create classes on any topic, from cooking to programming. And, because they’re online, people from all over the world can take your classes.

The key to success with this business idea is creating a high-quality course that people will want to take. That means putting in the time and effort to plan and produce your course content. But if you can create a successful online course, it can be a very lucrative business.

Business Idea #3: Launching an E-commerce Store

If you’re looking to launch a business this year and want to tap into the growing e-commerce market, then opening an online store could be an excellent option for you. With an estimated 1.92 billion people worldwide expected to purchase goods and services online in 2019, there’s certainly a demand for businesses that sell products electronically.

One of the benefits of launching an e-commerce store is that it can be done relatively cheaply and easily compared to setting up a brick-and-mortar business. You need a domain name, website hosting, and a platform to build your store (such as Shopify). You’ll also need to invest time in creating compelling product listings and marketing your store, but if you do it right, your e-commerce business could be very profitable.

To get started, research the e-commerce platform that will best fit your needs and budget, then sign up for hosting and create your online store. Once your store is live, start promoting it through social media, search engine optimization (SEO), and other marketing channels. If you can attract enough visitors and convert them into paying customers, you’ll soon have a successful e-commerce business!

Business Idea #4: Becoming a Freelance writer

In 2018, there was a boom in demand for freelance writers. Companies are constantly looking for new content, and they’re willing to pay good money for quality writing. If you’re a gifted writer, becoming a freelance writer is a great business idea.

There are a few things you need to know before getting started. First, you need to identify your niche. What kinds of writing do you excel at? There are many different types of writing, from copywriting to SEO articles to eBooks. Once you know your niche, you can start pitching companies and individuals who need content in that area.

You also need to build up a strong portfolio of writing samples before you can get hired by anyone. Start by writing some articles for free on sites like or Once you have some excellent clips, start reaching out to paying clients.

To find work, check out job boards or contact companies directly and inquire about their content needs. You can also join relevant online communities and forums, such as the /r/freelancewriting subreddit, where businesses and writers connect.

Business Idea #5: Starting a Social Media Marketing Agency

If you’re looking for a business idea with staying power, starting a social media marketing agency is a great option. As social media usage continues to grow, so does the need for companies to market themselves effectively on these platforms.

As a social media marketing agency, you would help businesses create and execute strategies to reach their target audiences on social media. This would involve creating engaging content, managing social media accounts, and running ads.

To be successful in this business, you need to have a strong understanding of how social media works and how it can be used to achieve marketing goals. You must also be creative and have excellent written and verbal communication skills.

Business Idea #6: Creating a Graphic Design business

If you have a passion for design and a knack for creating visually appealing materials, starting a graphic design business may be the perfect business idea for you. With so many companies and individuals in need of high-quality graphic design services, there is a lot of potential for growth in this industry.

To get started, you will need to invest in some quality design software and create a strong portfolio of your work. Once you have established yourself as a reputable graphic designer, you can start charging for your services. If you build up a large enough client base, you may even be able to quit your day job and run your business full-time

If you are looking for a creative and profitable business idea to try this year, starting a graphic design business is worth considering.

Business Idea #7: Starting an App Development Company

A few essential things to consider when starting an app development company. First, you need to determine what type of apps you want to develop. There are many different categories of apps, from productivity apps to games. Once you know what type of apps you want to build, you need to research the market and find out what kind of demand there is for those apps.

Next, you need to put together a team of developers who have the skills and experience necessary to create the types of apps you want to develop. Once you have a team, you need to start marketing your company and getting your name out there. You can do this by creating a website and social media accounts and by attending industry events.

Lastly, you need to have a solid business plan in place. This should include your financial goals, as well as your objectives for marketing and growth. Without a solid business plan, it won’t be easy to make your app development company successful.

Business Idea #8:

Generating leads can be a tough and time-consuming process,

But it doesn’t have to be. There are several ways you can generate leads for your best state to start a business quickly and easily. Here are eight information generation ideas you can try this year:

  1. Create a blog and post interesting, helpful articles.
  2. Optimize your website for lead capture.
  3. Use pay-per-click advertising to drive traffic to your website or landing pages.
  4. Attend trade shows and other events in your industry.
  5. Host webinars or podcasts and promote them online.
  6. Connect with influencers in your industry and offer guest blogging opportunities on your website.

Read also: Currency markets for Beginners