25+ Most Profitable and Intelligent Business Ideas for Entrepreneurs in 2020

The most up-to-date and innovative business ideas that will make you the owner of your own business. Whether you are thinking about production, service sector, or planning to establish a brand from scratch or consider one of the dealership offers, there is definitely a business idea for you in this list. So have you decided what you want?

As we have stated in almost every article, when choosing among the newest business ideas, financing possibilities, the needs of the target audience and how much the idea is adopted should be taken into account. Those who set off enthusiastically and give up while the work will be on the right track, unfortunately, may not earn money even if they do profitable jobs. Request; With a little patience, a lot of analysis, a lot of effort, a lot of determination, enough capital, and plenty of observation from the very beginning of the process, the right choice can be made.

Home Money Making Ideas

Young male working at home at a computer

The desire to make money at home has gained momentum in recent years. Earning additional income or putting your business to life in the comfort of the home and flexible working hours began to be perceived more attractive. Although home-earning jobs and ways of making money on the internet intersect with many business ideas, we will rank business ideas that make money at home, except for ways to make money online. What can I produce at home? Is it possible to earn money from home? For those who are curious about topics such as, we can list examples of business ideas that make money at home:

Instead of hiring full-time staff, many companies prefer to hire homes and cut costs. Although they do not hire personnel, this method they prefer offers a great opportunity for those who want to make money from home. Making mantı at home, making wedding candy at home, home packaging, beadwork at home, key fob work at home, home decoration work, home invitation folding work, ribbon work, etc. It becomes possible to earn money at home by choosing among job opportunities. If you also want to earn money from home and your hand is prone to manual labor, you can follow the postings published by the companies that employ the houses.

1. Making Soap At Home

Homemade soaps

A large workshop is not required to make the healthiest soaps with different flavors. With the boutique production logic, producing soap at home stands out as a very logical option. It is easier to earn money from home when different molds and materials are bought for soap production. Of course, the importance of social media in this process cannot be denied. Those who put the soaps they make on their internet sites or social media accounts with concept photos can have the privilege of taking regular orders.

2. Giving Private Lessons In Your Specialized Areas

If you play a musical instrument very well or have high knowledge in the lessons that students are interested in, you can earn money by giving private lessons at home. Likewise, if you trust your foreign language, you can earn high income by giving private lessons in the language you have mastered. Moreover, you do not need capital for this business idea. You can start giving private lessons from the comfort of your home, at the hours you set, to earn money from your expertise. As your references increase, you can increase your unit fee and earn higher earnings.

3. Art of Philography; Home Money Making Method for Artist Souls

Art of Philography

You can experience the most enjoyable ways of making money by making and selling handcrafted philographic works . You can increase your sales by promoting products that are the result of a great effort on the internet. If you have knowledge about the art of philography before, your job will be easier, but even if you do not have an idea, you can find many resources about philography making and philography examples on the internet.

4. Babysitting

Babysitter woman

If you are good with children, spending time with them makes you extremely happy, and you also have knowledge about child care, you can earn good earnings by looking at children at your home. You can earn regular income by becoming one of the professionals that married couples need a lot due to their busy work schedule. As an alternative to babysitting, you can also customize your services in the aged care area. You should not miss this business idea where you can earn high income even if it is not in your own home. 

5. Become an Alternative to Fastfood; Making Homemade Food

Home cooking

If you want to sell to restaurants selling home-cooked meals or to the target audience who cannot find time to cook due to the busy workload, you can start cooking, which is one of the first things that comes to mind when it comes to making money at home. In this process, you can increase your profitability in direct proportion to your skill and diligence in cooking. You can increase your earning threshold by adding flavors from world cuisine to traditional Turkish cuisine dishes.

6. Making and Selling Customer-Specific Crafts

Craft pillows

You can get the reward of your hand labor by making jewelry from felt, toys, key chains and decorative objects from organic threads. You can make high profits by promoting the items you produce through social media. If you want to make money by doing handicrafts, you can read “How Do I?” We recommend you to watch the videos. You can create extraordinary crafts with what you will learn from these videos, where many different sample productions are shown.

7. Produce Cosmetic Products

Homemade cream

You can attract attention in a short time by producing body moisturizers, creams, shampoos and soaps as we have just mentioned with completely natural ingredients. Likewise, you can produce fragrant perfumes by combining legendary essences. You can start your entrepreneurial career with this business idea that stands out among the ways to make money at home. However, you should not ignore the fact that cosmetic products are closely related to health and you should be careful not to use chemicals in your products.

8.You Can Grow Mushrooms at Home

Home grown mushrooms

You can grow mushrooms in your home to meet your own needs or to earn money. If you are in the dilemma of cultivated mushroom or oyster mushroom, we would like to remind you that oyster mushrooms have had an increasing trend in recent years.

9.Doing Customer Representation at Home

Woman working from home making sales meeting

Many companies now prefer their staff to work at home. The application initiated to reduce office costs also has a positive effect on employee productivity. If you believe that you are successful in human relations and persuasion, you can have the privilege of earning money in your home if you also have sectoral experience. When you act as a customer representative, companies provide you with both internet connection and necessary equipment, so you do not need capital. (Conditions may vary per company)

Ideas for Those Who Want to Make Money Online

Coins popping out of the computer screen

The Internet has come and gone; With many new sectors, business ideas that made a lot of money entered our lives suddenly. The common concern of those who want to earn additional income or change their business life from A to Z is “What are the ways to make money from the Internet?” turned into a question. Having a business idea for anyone with a computer, mobile phone and internet connection, the internet has played with the building blocks of the business world. Those who could not find a job, needed additional income or wanted to experience the profitability of the internet attempted to make money from the internet. Therefore, the jobs that make the most money from the internet have also entered our area of ​​interest. If you want to make money from the internet, we can list the most profitable business ideas on the internet as follows:

1. Make Money on Youtube

YouTube Logo

If there are stars of TV, Youtube has its phenomena too! If you keep your frequency in your target audience, you can earn high income from both your channel and the partnerships you will make with companies due to the success of your channel.

2. Make Money By Trading

After-sales handshake.  Photo focused on hands

Buying and selling businesses that are started to generate additional income can soon become the main job of earning money. This business idea, whose basic logic is to buy cheap and sell by making a profit, leaves high profits to those who do research and find the right suppliers. If you want to buy and sell by taking advantage of the opportunities offered by the internet, you can take action immediately.

3.Being an Influencer

Video shooting phenomenon

If Youtube has phenomena, social media also have influencers. As you can see, as the internet evolves, new concepts and ways of making money come with it. If you want to be among the people who attract attention with social media posts and get the appreciation of a specific audience, you can produce original and distinctive content. By increasing your follower and interaction rates, you can start receiving collaboration offers from brands for advertising. As an influencer, you don’t need to be known as much as popular names to make money, it is known that about 10 thousand followers are enough to make micro-sized advertising deals.

4. Doing Freelance Jobs

Young male working freelance from home

Ways to make money on the internet necessarily intersect with freelance jobs. You can increase your chances of making money thanks to the internet platforms that contain the most practical ways of providing and receiving services. You can become a member of freelance communities and earn money according to your talent and the work you do. You can contact agencies on the Internet and bid on brands if necessary. You can make web design, offer social media management services, write content, open a blog, make animations, prepare videos, provide translation services and turn your photoshop knowledge into cash. However, you should remember that you need to be patient to make money online, and if you do not have an existing customer portfolio, you should wait a little while for new customers to reach you.

5. You can set up an E-Commerce Site

Basket logo button on keyboard

If you can offer the right product or service to the right target audience; You can make high profits by opening your e-commerce site We recommend that you seek consultancy from professionals before implementing this business idea that enables you to earn money wherever you have your home and internet connection. If you coordinate the product or service you will sell, your suppliers, the infrastructure requirements of your e-commerce site, cargo services, alternative payment methods and customer relations, you can increase your success.

6.You can get XML Dealership

E commerce picture on keyboard key

The profitability offered by the franchise system is not only benefited by opening physical dealerships, but the increase in the number of companies offering XML dealerships in recent years offers multiple benefits to entrepreneurs. By entering this cooperation based on product and service sales, you can realize your dream of making money online. Before you buy an XML dealership, you can improve yourself in the field of SEO and earn high numbers.

7.You Can Make Website Translation

Visual translation with phone screen

Although it is generally shown among freelance jobs, we want to transfer information specific to website translation. Website translation requires more than translation of sentences from the source language into the target language. Website translation, which requires very complicated localization studies that require experience, provides a substantial income for people with high knowledge of foreign languages. For more detailed information about different ways to make money online and localization, you can take a look at the content we have covered the topic of making money online.

Speaking of translation, we would like to briefly mention subtitle translation. Due to the interest shown in foreign productions, platforms such as NETFLIX that require subtitle translation hire freelance translators with high unit fees. If you are confident in localization, you can initiate your translator application.

8.Making Money by Filling out Surveys and Watching Videos

Questionnaire and pencil

Making money by filling out surveys and watching videos is one of the blessings the internet offers us. If you spend a lot of time in front of the computer and do not aim to make high earnings in a moment, you can take a step for these business ideas based on the logic of drop by drop. You can start making money from home quickly by registering on reliable sites where you can get your money and determine your interests.

9. Stock Photography

Young boy taking picture

If you have an interest, curiosity and knowledge about photography, you can do stock photography. You can license the photos you take and upload them to the sites where the photos are purchased. However, you should keep in mind that this business idea may not be as easy as described. By doing Stock photography, you should create special concepts to attract the attention of large companies or news sites. Thus, when the relevant keyword is written, you can make your photo stand out. If you want to get more detailed information about Stock Photography, you can take a look at our article on Making money with Stock Photography.

10. Mobile Application Software

Mobile application icons overflowing the smartphone screen

Again, we are here with a business idea that you can freelance and earn additional income. In recent years, the importance of mobile applications has increased, and the earnings of mobile application developers have increased exponentially. If you are interested in software and want to have a job that will save your life, you can improve yourself in the field of mobile software. You can realize your dream of making money from home by writing special mobile applications for demanding companies. Even if you do not receive requests from companies, you can earn advertising revenue through the application you write based on your own opinion.

Ideas for Entrepreneurs with Small Capital

Those who say “Entrepreneurship is wandering in my veins, oh if I only have capital” are not as few as one might think, the low-capital business ideas that come to the rescue! Among the businesses that can be done from home and ways to make money online, ideas with low capital make up the majority. Regardless of the business ideas we have just listed, we start our ranking of the most profitable low-budget jobs.

1. Buying a Raw Meatball Dealership

For entrepreneurs with little capital, raw meatball dealership comes to mind first; because this business idea is at the intersection of both low-budget and high-income jobs. Raw meatball dealerships opened to crowded locations, when the package service is also made, earn serious money for their investors. The intense competition in the raw meatball sector also facilitates the work of entrepreneurs; The companies that give dealership cannot increase the dealership prices too much, even if they want. If you cannot decide between the businesses that can be traded with little capital, you may consider getting a raw meatball dealership once again. You can start trading by contacting companies that want the most suitable dealership price for your capital.

2.Open a Juice Bar

You can achieve high profitability by selling fresh fruit juices prepared from seasonal fruits in crowded and prestigious locations. You can change the fruits you use specifically for your target audience, diversify the services you provide as a fruit juice bar, and if your location is suitable, you can quickly become one of the indispensable destinations of your target audience. If you are thinking of opening a juice bar, can you make a lot of money by opening a juice bar? You can read our article titled.

3.Opening a Boutique Hamburger

Opening a boutique hamburger place has already taken its place among the most popular ideas of recent years. Especially the operators who make special burgers, which are in high demand in metropolitan cities, have managed to make tiny places very profitable. If a large place is planned to be opened, even if the investment budget increases, very high capital is not required to open small boutique burgers. Moreover, if quality materials are used and creativity is spoken, a partner can be sought to open a boutique hamburger restaurant. Thus, a step can be taken to a profitable process by completing the capital shortage.

4. Opening Stationery

Very high capital is not required to open stationery. Stationery businesses opened in locations close to schools and workplaces can enable investors to pay for their investments in a short time. The business idea of ​​opening stationery, which makes it possible to appeal to a wide range of customers, is also highly likely to cross-sell.

5. Opening a Boutique

Opening a boutique is generally a highly preferred business idea among women. The idea of ​​opening a boutique continues to increase its appeal with the increasing influence of the internet and the ability to make sales from social media platforms. Boutique owners who offer different products to their customers in the right location and with friendly service can earn high profits with less capital.

6.Opening an Advertising Agency

If you are looking for a business idea with less capital, you may want to consider opening an advertising agency. By purchasing services from professional and reliable people when necessary, you can begin to successfully fulfill the work you receive from your customers. In order to open an advertising agency, we would like to remind you that it will be your biggest advantage to have expertise in a field. By providing social media consultancy, video shooting, news service, web design and content services, you can make your agency profitable in a short time.

7.Production of Worm Casting

If you are looking for a profitable business idea where you can produce worm castings and sell worms at the same time, you are in the right place. It is enough to allocate 5 – 10 thousand TL capital for the production of worm manure, which is among the businesses that earn a lot with little capital. If you want to increase your production volume over time, you should know that even if your capital requirement increases, as a result of your current productions, it is very unlikely that you will have difficulty in this regard.

Business Ideas for Bigger Budget Owners

There are also business ideas for larger budgets. If you are planning to start a bigger business with larger capital investments, here are the ideas to motivate you.

Cattle Breeding

Considering the current conditions, the increase in milk prices, the decrease in the number of cattle and the known meat prices, the profitability of cattle breeding is revealed. When the volume of your business is small, cattle breeding, which does not require very large capital, can create a financing requirement of up to million TL when it is done properly.

House of Horror and Escape Game

If you want to wink at companies that want to increase the motivation of their employees while appealing to young people, you can consider the idea of ​​opening an escape game and a horror house. You can attract the attention of your target audience with not only horror-themed but also concepts that are mainly adventure and intelligence games. By standing at the beginning of your job, you can eliminate your personnel requirement and increase the profitability of your business idea by using your capital wisely.

To invest

In fact, investing should not be considered as a business idea, but we wanted to include it in our article because the right investments can provide regular income. When small capitals are evaluated in the right channels, investors can earn income above expectations in both the short, medium and long term. At this stage, it is necessary to obtain information about the best investment tools, to closely monitor the markets and to evaluate risk factors. In this way, considerable additional income can be obtained with small investment transactions.

Frequently Asked Questions by Business Ideas Seekers

How Can I Find The Right Business Idea For Myself?

Those looking for a suitable business idea should first start with their expectations, experience, qualifications and what job they are happy to deal with in life. Finding ideas just to have a business idea may require new searches in the medium and long term. For this reason, those who want to start their own business need to evaluate their capital savings and prioritize their individual characteristics while choosing among the business ideas they can realize. Of course, the importance of knowing the target audience and responding to their needs should not be overlooked. When the business idea is found, it is important to be able to commercialize the business idea as well as meeting the entrepreneur’s wishes.  

How to Generate Business Ideas?

When successful business ideas are examined both in the world and in our country, we can state that these business ideas are the result of observations, determination of needs and meeting the needs. Knowing the society we live in, determining the needs or being able to convince the society that there are new needs form the basis of profitable business ideas. People who observe to find new business ideas, learn the opinions of the audience they will address, get to know them and work to find answers to their expectations can be pioneers of profitable business ideas. In short, “how are business ideas produced?” There are no miraculous or extraordinary answers to the question. Business ideas based on objective criteria and observations are the key to long-term success.  

In Which Sector Are Business Ideas More Lucky?

The potential of business ideas needs to be considered rather than talking about their luck. Since not every sector has the same saturation, business ideas in areas that need development on a sectoral basis can strengthen the hands of entrepreneurs. Entrepreneurs who cannot decide in which sector to implement their business ideas should approach the issue from a broad perspective. Although traditional sectors are full of volume, entrepreneurs can achieve success in these sectors with an innovative idea. Alternatively, one can start thinking deeply about the sectors that are thought to have a future and are expected to make money. Energy and Natural Resources, Telecommunication, Electronics, Recycling, Defense, Aviation, Technology, Informatics, We can state that sectors such as Education and Consultancy should be taken into consideration. Still, we would like to remind you that the “chance” factor should not be reduced to the sector.

What Business Ideas Are Women Entrepreneurs Priority?

Today, women entrepreneurs make their presence felt in almost every sector due to the state support provided and their desire to participate actively in business life. As women entrepreneurs strengthen their presence in the male-dominated entrepreneurship ecosystem, brand new success stories can emerge. Of course, the idea that women should operate in certain sectors does not reflect the truth, but some sectors that women prioritize also attract attention. Business ideas such as opening a home cooking shop, buying a kindergarten franchise, opening a playhouse for children, opening gyms serving women, consulting and opening a fashion house are among the top choices of women.  

What are the Common Features of Successful Business Ideas?

When the successful business ideas are examined, it can be clearly seen that they have some common features. Good business ideas are scalable, solve problems in a way that the target audience likes, have an existing market or have the potential to create a new market. Good business ideas are sustainable, based on permanent, not temporary, resources. Good business ideas are diverse and profitable. Good business ideas are owned by the community and there is a consensus that they are really useful. As can be seen, the common features of good and successful business ideas are quite diverse. The realization of business ideas that meet the criteria we have listed today, where not every business idea is successful, increases the chances of entrepreneurs. We would like to briefly touch on the qualifications of successful entrepreneurs as well as the qualities of business ideas. Successful entrepreneurs can create their miracles with their devotion to their business, perseverance, not giving up, adopting the philosophy of continuous development, being open to innovations and their adaptability. For this reason, the roles of the entrepreneurs who bring those ideas to life are as important as the characteristics of successful business ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *