The Most Profitable Businesses to Start in 2024 - UpFlip (2024)

Table of Contents
Industries With the Most Profitable Business Ideas Check Out Our Courses! What Small Business is Good to Start? 1. Cupcake Business 2. Sports Memorabilia Shop 3. Bridal Gowns and Accessories 4. Consignment Shop 5. Food Truck 6. Bed and Breakfast (B&B) 7. Party Rental Business 8. Sewing and Alterations Shop 9. Gently Used Maternity Clothing Shop 10. Cleaning Service 11. Virtual Assistant 12. Social Media Management 13. Accounting and Bookkeeping 14. Consulting Least Profitable Industries Frequently Asked Questions (FAQs) What are the top five most profitable businesses in the world? What are the easiest businesses to start? What businesses are in high demand? So What Are the Most Profitable Businesses to Start? What is a vending machine franchise? Vending Machine Industry Outlook (2023) Benefits of buying a vending machine business 🚨 Warning About Vending Systems 🚨 What are the best vending machine franchises for small business owners? Healthy Vending Industry #1. Healthier4U Vending #2. HealthyYOU Vending #3. Naturals2Go #4. Power Locker Snack Vending Franchises #5. Reis & Irvy’s #6. UTurn Water and Ice Vending Machine Franchise Opportunities #7. Twice the Ice #8. Ice House America (IceBorn) #9. Pure Water Technology #10. Watermill Express #11. Water Station Technology Coffee Vending Machine Franchise #12. Xpresso Delight Unique Vending Franchises #13. Pharmabox #14. Clothes Bin #15. ATM Together #16. CBD Vending How to choose the best vending machine franchise opportunities Franchisor reputation Business model Startup costs Good location Vending Machine Franchise FAQ How much does it cost to open a vending machine franchise? Is a vending machine franchise profitable? How to start a vending machine business How much does a vending machine cost? How much does it cost to start a vending machine business? Did you find a vending machine franchise for sale? What is Etsy? What to do before opening an Etsy shop What to sell on Etsy? What is the industry outlook? Who are the major Etsy sellers? Write an Etsy business plan How to start an Etsy shop Sign up or log in to Etsy Open your shop Choose your shop preferences Name your shop Stock your shop Add clear photos Set your prices Choose your payment methods Establish shop policies Calculate shipping costs Promote your shop Fulfill orders promptly Provide excellent customer service Monitor your shop Consider Etsy ads Stay compliant with Etsy policies Reinvest in your business Selling on Etsy FAQ Where to buy materials and equipment for an Etsy store Do I need a business license to sell on Etsy? Learn more about Etsy businesses Start your own Etsy shop The Best Free Website Builders for Small Businesses #1. Wix: Best Free Website Builder for Small Businesses #2. Weebly: Best Free eCommerce Website Builder #3. Canva: Best Business Website Builder for Designers #4. GoDaddy Website Builder #5. Webflow #6. Yola: Best for Local SEO Tools #7. Website.com: Cheapest Website Builder for Side Gigs #8. WordPress.com (and the Elementor tool) #9. Strikingly: Best for Single-Product Online Store #10. Appy Pie: Best Small Business App Builder #11. Renderforest: Best for Video Websites #12. Zoho Sites Best Website Builders for Small Businesses (No Free Plans) #13. Squarespace: Best for Online Payments #14. MailChimp: Best for Email Marketing #15. Mobirise #16. GetResponse: Best Built-In Marketing Tools #17. HostGator #18. Shopify: Best eCommerce Website Builder #19. BigCommerce How to Build a Website for Free Define Your Purpose and Goals Choose a Website Builder Sign Up and Orient Yourself Select a Template Customize Your Website Preview and Test Optimize It for Mobile Consider Setting Up a Custom Domain Publish Your Website Promote Your Website Regularly Update and Maintain It What is the best overall website builder for small businesses? What is the best free website builder for small businesses? What is the best eCommerce website builder? Which of the best website builders have you tried? References
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April 18, 2024

The Most Profitable Businesses to Start in 2024 - UpFlip (1)

You want your time to be used wisely when you start your own business. That means you should know the most profitable businesses to start with the time, education, resources, and connections you currently have.

What’s considered “profitable” is always changing, of course, and that’s why we continually update our rankings. Every year the most profitable businesses will change slightly as our economy evolves, products become obsolete, and technology advances.

What follows is a freshly updated ranking of the most profitable small businesses, plus the info and resources you need to get started.

You’ll want to check out the following businesses. Click on any of the links below to jump to the one that interests you.

  • Industries With the Most Profitable Business Ideas
  • What Small Business is Good to Start?
    • 1.Cupcake Business
    • 2. Sports Memorabilia Shop
    • 3. Bridal Gowns and Accessories
    • 4. Consignment Shop
    • 5. Food Truck
    • 6.
    • 7. Party Rental Business
    • 8. Sewing and Alterations Shop
    • 9. Gently Used Maternity Clothing Shop
    • 10. Cleaning Service
    • 11. Virtual Assistant
    • 12. Social Media Management
    • 13. Accounting and Bookkeeping
    • 14. Consulting
  • Least Profitable Industries
  • Frequently Asked Questions (FAQs)
    • What are the top five most profitable businesses in the world?
    • What are the easiest businesses to start?
    • What businesses are in high demand?
  • So What Are the Most Profitable Businesses to Start?

Industries With the Most Profitable Business Ideas

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First, some context. We took a look at financial reports from early 2024 to ensure relatively recent data. When you consider industries with the most profitable businesses in demand, you’ll find:

  1. Financials: The monetary sector leads the most profitable companies, with over 30% net income and gross profits for banks nearing 100%.
  2. Oil & Gas: The oil and gas energy still has high net profits with 28.26% and a gross profit of 58.75%
  3. Tobacco Companies: Selling addictive products pays off with a 27.52 net profit and 61.25% gross profit. If you could start growing and selling your own tobacco, you’d probably make a killing!
  4. Transportation Companies: Railroads aren’t making as much as previous years, but they still have a 23.52% average net profit. Ship makers also have been making a great living.
  5. Real Estate Investment Trusts (REITs): Real estate investment trusts are a big winner this year. They moved up from ninth place last year. Players in this industry can expect to earn 23.32% net profit and nearly 78% gross margins.
  6. Software: Entertainment and system applications software companies are doing well with 20% net margins. Entertainment software has gross margins of 63%, while systems and applications have around 72% gross margins.
  7. Investments and Asset Management: Managing other people’s money is an easy startup business. People with the right qualifications can tap into 19.82% net income and 67% gross margins.
  8. Water Utilities: Providing water to municipalities can earn a sweet 19.34% net margin and 56% gross margin.
  9. Semiconductors: Producing parts for electronic equipment can earn 17.94% net profits.
  10. Computers: Computer and peripherals companies have a slightly less profitable business than the semiconductor companies that provide much of their technology, but they still have 17.47% profits.

Many of the most profitable businesses aren’t practical for people who want successful small business ideas for business owners.

Most of us don’t have access to venture capitalists or the ability to run a business for 10 years before it starts making money. So, we’re constraining our list to the most profitable and best small businesses to start.

The Most Profitable Businesses to Start in 2024 - UpFlip (3)

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What Small Business is Good to Start?

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A good small business to start will normally have high growth opportunities and low barriers of entry, work well as a home-based business, and provide great profit margins. We’ve handpicked some of the most profitable small business ideas for you. Check out our picks for best profitable businesses 2024 below.

1. Cupcake Business

Average Annual Revenue: $1.95M
Average Profit Margins: 5.4%
Startup Costs: $100-$3M
Time To Revenue: 1-6 months
Annual Market Growth Rate: 1.1%
Best For: Cooks, chefs, bakers, or foodies with customer service, leadership, and marketing skills

Does your baking prowess receive rave reviews?

Consider exploring that talent! The cake industry is anticipated to see 3.3% growth, bringing it to $94.7 billion globally in 2028. Small specialty shops are poised to reap the majority of the profits.

A cupcake business emerges as a feasible option for individuals with limited resources. Launching this potential home-based venture requires only an oven and basic baking supplies.

As sales pick up, there’s room for expansion to larger formats. Initially, you might sell cupcakes in a display case at a local shop, progress to a food truck, and eventually establish a standalone brick-and-mortar store.

Before diving in, thoroughly research the laws in your state governing the licenses, permits, and standards applicable to your budding bakery business.

Find out how Mignon Francois started the Cupcake Collection with just $5 and built a $10 million cupcake empire.

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2. Sports Memorabilia Shop

• Average Annual Revenue: $453,257
• Average Profit Margins: 6.7%
• Startup Costs: $100K-$3.5M
• Time To Revenue: 6-18 months
• Annual Market Growth Rate: 1.5%
• Best For: Sports and pop culture experts, customer- and community-focused entrepreneurs, collectors

The current valuation of the sports memorabilia market is $26.1 billion—and it’s expected to grow to $227.2 billion by 2032 according to a report by Market Decipher.

This projection suggests significant annual profits for brick-and-mortar sports memorabilia shops. The essence of this small business concept lies in acquiring genuine or replica memorabilia and reselling it at a markup.

Procure memorabilia through various channels, including wholesalers, auctions, estate sales, advertisem*nts, and online platforms like eBay. Make sure to confirm the authenticity of any signed memorabilia by autograph authenticators.

As you become proficient in authenticating pieces, you can generate additional income by authenticating memorabilia brought to your shop by customers.

Find out how Jim Sears makes $750K a year selling sports cards.

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3. Bridal Gowns and Accessories

Average Annual Revenue: $114K+
Average Profit Margins: 10.3%
Startup Costs: $500-$250K
Time To Revenue: 3+ months
Annual Market Growth Rate: 2.0%
Best For: Designers, artists, and fashion experts with strong marketing and customer service skills

The bridal industry is expected to grow to $79.8 billion by 2027, which is a compound annual growth rate of 4.4%. According to BusinessWire, nearly 85% of bridal shopping is still done in retail stores.

Pro Tip: Note that bridal shops may cost $250,000 or more to get started because of all the gowns, veils, and accessories you’ll have to stock for your customers.

4. Consignment Shop

Average Annual Revenue: $60K-$120K
Average Profit Margins: 5-15%
Startup Costs: $100-$10K
Time To Revenue: 30-90 days
Annual Market Growth Rate: -9.3%
• Best For: Fashion and style experts who are excellent negotiators and communicators

The projected growth of the secondhand market in the U.S. is astonishing. According to GlobalData and thredUP, the resale clothing market is expected to more than double its current value. With a growth rate that’s 16x faster than the overall retail clothing market, the resale clothing industry will reach a value of $82 billion by 2026.

A consignment shop is the ideal business model for entrepreneurs with limited funds. Entrepreneurs can participate in the profits without purchasing inventory by showcasing other people’s used products, including clothing, antiques, collectibles, and memorabilia.

Additionally, selling items on online marketplaces like Poshmark, Mercari, and eBay creates additional profitable opportunities by expanding to a national or even global market.

Primary consignment shop expenses are:

  • Business formation as an LLC
  • Storefront rental
  • Licenses and insurance
  • Inventory
  • Point-of-sale (POS) system
  • Hiring (if needed)

Overall, the growth in the secondhand market presents a promising opportunity for entrepreneurs interested in the consignment business model.

5. Food Truck

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• Average Annual Revenue: $41K+
• Average Profit Margins: 6.4%
• Startup Cost: $1K-$100K
• Time to Revenue: 3+ months
• Annual Market Growth Rate: 1.2%
• Best For: Foodies, chefs, cooks, bakers, and other food service veterans

Many people start food trucks because they are more profitable than owning a restaurant. You can save money by:

  • Holding off on hiring employees
  • Avoiding the costs associated with a building
  • Offering a more focused menu

Kyle Gourlie, the owner of Vet Chef, told us:

To get started, it cost me around $41,200. Today, I am making $417K a year and aim to keep my food costs under 35%.

Check out our interview with him below to learn how to start a profitable food truck business.

Keep reading for more of our top small business ideas that will make for the most profitable, best businesses in 2024.

6. Bed and Breakfast (B&B)

• Average Annual Revenue: $263K+
• Average Profit Margins: 10.1%
• Startup Cost: $100K-$3.5M
• Time to Revenue: 6-18 months
• Annual Market Growth Rate: 1.3%
• Best For: Property owners who are service industry pros with a passion for entertaining and hosting

If you happen to own a charming, rustic, or historically significant home, a bed and breakfast could serve as an excellent starter business.

According to the Bureau of Labor Statistics, the U.S. bed and breakfast (B&B) industry is presently valued at $2 billion. While it faced a slowdown during the COVID-19 pandemic, its typical growth rate stands at 3.8% annually.

One notable advantage is you’ll live in the business, which cuts down the costs of accommodations. Customers normally expect:

  • Personalized customer service
  • Unique travel experience
  • Home-cooked meals
  • Grocery stores nearby
  • Personal advice about local attractions

Pro Tip: It’s important to invest in home insurance, a food handling permit, and potentially a license to sell alcohol, if applicable. Additionally, if you plan to convert a traditional home into a B&B business, collaborating with your local planning commission may be necessary.

7. Party Rental Business

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• Average Annual Revenue: $444K+
• Average Profit Margins: 35-40%
• Startup Cost: $100-$3.5M
• Time to Revenue: 6-18 months
• Annual Market Growth Rate: -0.8%
• Best For: People who own rentable assets, collectors, great networkers

The party rental industry boasts a valuation of $5.9 billion and is experiencing a steady annual growth of 4.3% as indicated by Research and Markets.

A business in party rentals involves leasing various products for events, including tables, tents, caterers, sound equipment, and stages. The venture holds significant profit potential, and your business could cater to a range of events, from nonprofit fundraisers to upscale galas.

While the potential earnings are promising, it’s crucial to make a substantial upfront investment in equipment before expecting to see profits. The strategy involves recovering these costs through repeated equipment rentals.

When setting up your business’s inventory, you can consider the option of renting a storage facility to potentially save costs. Then maximize community awareness of your offerings by engaging in robust marketing efforts. Establish a physical location as early as possible to build brand credibility and reap long-term savings.

8. Sewing and Alterations Shop

• Average Annual Revenue: $27K+
• Average Profit Margins: 8.3%
• Startup Cost: $500-$250K
• Time to Revenue: 3+ months
• Annual Market Growth Rate: 1.6%
• Best For: Detail-focused entrepreneurs, fashion and clothing experts who excel at listening and communication

Tailoring and alterations earn $9.4 billion, and the industry is anticipated to experience 4.7% year-over-year growth according to a report by Polaris Market Research.

The beauty of venturing into this type of business lies in its scalability, plus it will help you expand your skill set. Tasks like sewing simple hems and replacing buttons might evolve into dressmaking and design as your knowledge and experience grow.

I actually have an acquaintance who designed costumes for Cirque de Soleil before opening her own small business. With that experience in altering and customizing high-end garments, she opened a brick-and-mortar shop and gets asked to design work for businesses and live performances throughout the country.

During the initial stages, it is entirely respectable to launch your operation in a clean, smoke- and pet-free space within your home.

Pro Tip: Begin by making gradual investments in a commercial-grade sewing machine, a variety of fabrics, backup equipment, and a point-of-sale (POS) system. The costs can range from $150 for an entry-level sewing machine to $10,000 or more for a top-of-the-line model.

9. Gently Used Maternity Clothing Shop

Average Annual Revenue: $60K-$120K
Average Profit Margins: 5-15%
Startup Costs: $100-$10K
Time To Revenue: 30-90 days
Annual Market Growth Rate: -9.3%
• Best For: Fashion and style experts who are excellent negotiators and communicators

In 2021, the maternity wear industry held a valuation of $12.2 billion, and projections from Research and Markets indicate a growth to $16.5 billion by 2028, featuring a 4.4% year-over-year increase.

The demand for formal business women’s maternity attire is notably driven by the nearly 57% female composition of the U.S. workforce, as per the Bureau of Labor Statistics.

Following their pregnancies, many women opt to pass their maternity clothing on to others in need. You can play a role in facilitating this by establishing a shop specializing in gently used maternity attire and other pregnancy supplies.

Start your used maternity clothing venture by selecting and legally formalizing your business structure.

Then, get a seller’s permit and source inventory from social media, consignment shops, and thrift stores. Promote your business within the community, expressing your interest in purchasing used maternity clothing. Finally, ensure profitability by selling the clothing at prices that exceed your purchase cost.

10. Cleaning Service

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Average Annual Revenue: $74K+
Average Profit Margins: 6.7%
Startup Costs: $1K-$30K
Time to Revenue: 1-6 months
Annual Market Growth Rate: 1.2%
Best For: Self-motivated, independent, and detail-oriented entrepreneurs

Cleaning businesses are virtually gold mines. They’re easy to start, and they have high success rates. Our friend Chris Mondragon pulls in over $125K monthly with his company, Queen Bee Cleaning! In his words:

As you start out, your margins are 40-50%.

Forty to fifty percent! Seasoned business owners and aspiring entrepreneurs know how significant that is! With only 13 weekly cleaning contracts, you can rake in $7,800—not in revenue, but pure profit! Now imagine signing 20 or 30 of these high-paying contracts.

Cleaning is a business built to scale. But be careful: You can’t scale to millions of dollars just anywhere. There’s a tried-and-true calculation that reveals the earning potential in your area. If the numbers line up, you can scale to seven figures.

If you’re curious about how to use the calculation and want to know how to start your cleaning business from scratch—no franchise required—check out this free masterclass with Chris Mondragon.

You can read Chris’s incredible story here or watch our exclusive interview below.

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11. Virtual Assistant

• Average Annual Revenue: $35K-$50K
• Average Profit Margins: 10.5%
• Startup Costs: $100-$200
• Time To Revenue: 1-3 months
• Annual Market Growth Rate: 1.9%
• Best For: People with strong organization and communication skills, those who want to work from home and set their own hours

Becoming a virtual assistant for clients you choose is a profitable business to start. Some of the top virtual assistants on Upwork make $85 an hour. That’s up to $152K per year for doing things like scheduling appointments, sending emails, completing research, and other jobs you can do remotely.

Like other jobs that use a knowledge-based business model, the main startup costs are licensing and software. If you want to make more than that, you can start a VA agency and hire other people to help with this small business idea.

12. Social Media Management

Average Annual Revenue: $817K
Average Profit Margins: 6.9%
Startup Costs: $100-$10K
Time to Revenue: 1-6 months
Annual Market Growth Rate: 1.3%
Best For: Social media experts, writers and content creators, people with search engine optimization (SEO) expertise

Social media marketing is a vast industry. According to Statista, it is a $153.7 billion industry. And all you need is a computer, some software, and to find some clients.

Jason Yormark of Socialistics told us:

You can expect each client to be around $2,000-5,000 per month and require 20-40 man-hours to give them proper service.

That means a single person can make up to $40K monthly from home without investing in inventory. Find out how Jason turned his company into a $500K-a-year social media marketing agency:

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Pro Tip: You can also learn from our blog on how to start a marketing agency.

13. Accounting and Bookkeeping

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• Average Annual Revenue: $244K per employee
• Average Profit Margins: 18%
• Startup Cost: $500-$2.5K
• Time To Revenue: 3-12 months (plus accounting degree)
• Annual Market Growth Rate: 1%
• Best For: Certified accountants, entrepreneurs with strong math and financial skills

To become a certified public accountant, you will need 150 hours of education in accounting. That’s a bachelor’s degree and passing the CPA exam, which is a test for proficiency created by the American Institute for Certified Public Accountants (AICPA).

Once you have a CPA license, you can start a company and make a great living. There are only 40,000 AICPA members and over 80 million tax returns filed annually by tax professionals, so there’s plenty of work.

Granted, tax prep services do some of those, but CPAs do the big ones. Even at the low end of $100 per tax return, that’s still $8 billion in revenue, and that’s just part of what CPAs do.

Add in payroll, quarterly minimum filing, certifying businesses for SOC 2 compliance, managing business sales tax payments, and other business finances, and it’s obvious why working as a CPA is one of the most lucrative business ideas in 2022.

14. Consulting

• Average Annual Revenue: $364K
• Average Profit Margins: 6.4%
• Startup Costs: $1K-$3.5M
• Time To Revenue: 6-18 months
• Annual Market Growth Rate: 2.2%
• Best For: Executives and business leaders, entrepreneurs with management or business expertise, people with strong analytic, problem-solving, and communication skills

A consulting business is focused on helping other business owners solve their problems. You can choose a niche if you have a specific area in which you are an expert, or you can be an all-in-one solution.

When I initially started my consulting business, I was consulting on everything. One day I’d analyze payment processors, and the next, I would look for good influencers for a brand. I eventually gravitated to writing about business and technology because it makes it easier to pass knowledge on to thousands of people per month.

Business consultants can make anywhere from several hundred per day to billions per year. Consultants who specialize in mergers and acquisitions can earn huge commissions.

Check out this interview with Ryan Gromfin, who makes $35K a month with his consulting business:

Least Profitable Industries

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There are some industries that are really struggling right now. You might want to avoid these industries if you want to make a profit fast.

IndustryNet Income
Entertainment-0.23%
Telecom Services-0.28%
Chemical (Diversified)-1.01%
Broadcasting-1.41%
Furniture & Home Furnishings-2.24%
Rubber & Tires-2.53%
Electronics (Consumer & Office)-3.05%
Real Estate (Operations & Services)-3.14%
Precious Metals-4.26%
Drugs (Biotechnology)-11.88%
Software (Internet)-14.32%
Real Estate (Development)-16.35%

Most of these industries are tied to big purchases. You’re seeing losses tied to inflation of expenses like materials and wages, combined with people cutting back on making new purchases. This is expected when discretionary income decreases.

Pro Tip: Assuming wage growth continues and outpaces inflation, we should see these return to profitability in a few years. Until then, our blog on recession-proof businesses can provide even more inspiration for getting started in a bad (or questionable) economy.

Frequently Asked Questions (FAQs)

What are the top five most profitable businesses in the world?

According to CompaniesMarketCap.com on December 11, 2023, the five most profitable businesses were

  1. Apple (valued at $2.99 trillion)
  2. Microsoft (valued at $2.741 trillion)
  3. Saudi Aramco (valued at $2.139 trillion)
  4. Alphabet (Google, valued at $1.665 trillion)
  5. Amazon (valued at $1.503 trillion).

Note that the values of these companies fluctuate daily.

What are the easiest businesses to start?

Dog walking, house cleaning, and sewing businesses are the easiest to start because they have low startup costs and low barriers when it comes to getting licenses and permits.

What businesses are in high demand?

IBISWorld states that fruit and nut farming, solar power, online gambling services, hybrid and electric vehicle manufacturing, and 3D printing and prototyping are the fastest-growing businesses in 2024.

So What Are the Most Profitable Businesses to Start?

We’ve discussed the most profitable business ideas from multiple vantage points. Some are easy businesses to start from home, and some are not as easy to get into because of education requirements or other barriers to entry.

When it comes down to it, the most profitable business for you to start is one you have knowledge in, you know how to find customers for, and you want to spend the rest of your life exploring and working with.

You can make any of your favorite 2024 business ideas one of the most profitable and successful business ideas if you:

  1. Create a business plan: Read our guide if you’ve never created one.
  2. Provide excellent customer service: Check out HelpScout’s blog on what makes great customer service.
  3. Educate yourself on the industry: Follow our blogs and YouTube.
  4. Don’t give up: Many business owners give up right before they hit exponential growth. Learn how to run a business.

What other profitable and successful small business ideas are you thinking about starting?

80% of businesses fail... Learn how not to.

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Author

The Most Profitable Businesses to Start in 2024 - UpFlip (14)

Brandon Boushy

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    Adam told us:

    [su_quote]I aim for $2,000+ per month from each location.[/su_quote]

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    • Brand Recognition: Joining a reputable franchise offers the benefit of leveraging an established brand name and logo, which can attract customers and build trust.
    • Training and Support: Franchise owners often receive comprehensive training and ongoing support from the franchisor, helping them navigate challenges and operate the business successfully.
    • Access to Products: Franchises often have negotiated deals with suppliers, granting franchisees access to a wide range of products at competitive prices.
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    • Streamlined Operations: Franchises typically provide standardized operating procedures, simplifying business management and ensuring consistency across locations.
    • Minimal Experience Required: Vending machine franchises are suitable for individuals with varying levels of business experience, making entrepreneurship accessible to a wider range of people.
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    • Potential for Passive Income: Once set up, vending machines can generate income with limited direct involvement, making it an option for those seeking supplementary or passive income streams.
    • Diverse Locations: Vending machines can be placed in various locations, including offices, schools, hospitals, and public spaces, diversifying potential customer bases.
    • Low Workforce Requirements: Operating vending machines typically requires minimal staffing, reducing labor-related costs and complexities.
    • Scalability: As the business grows, franchisees can expand their vending machine network to increase revenue and market reach.

    It's important to conduct thorough research and due diligence before investing in any franchise opportunity to ensure it aligns with your goals, skills, and financial capacity. This guide will help you get started.

    🚨 Warning About Vending Systems 🚨

    While doing research about vending machine franchises, I came across numerous franchise opportunities whose validity I couldn’t confirm. Unfortunately, the vending industry is ripe with scams.

    Make sure to do thorough research on any vending business before contacting them. Some red flags include:

    • Not including the company name on franchise listing sites
    • Lack of a legitimate website
    • Email address using any free email account

    What are the best vending machine franchises for small business owners?

    A vending machine business is a low-cost franchise with flexible hours. Find some of the best vending machine franchise opportunities.

    Healthy Vending Industry

    The Most Profitable Businesses to Start in 2024 - UpFlip (16)

    If you want to enter the healthy vending concept, consider a healthy vending machine franchise from the list below:

    1. Healthier4U Vending
    2. HealthyYOU Vending
    3. Naturals2Go
    4. Power Locker

    Get ready to start a successful healthy vending business and help health-conscious consumers snack better.

    #1. Healthier4U Vending

    • Founded in: 2011
    Franchising since: 2011
    Franchise units: 3,000
    Initial investment: $30K-$160K
    Franchise Fee: None
    • Royalty Fees: None

    Healthier4U Vending was started to provide healthy food in vending machines. You can get into vending machine routes with approximately $50K. Learn more about how to buy a vending machine route from Healthier4U.

    #2. HealthyYOU Vending

    • Founded in: 1999
    Franchising since: 1999
    Franchise units: 1,800
    Initial investment: $50K-$225K
    Franchise Fee: None
    • Royalty Fees: None

    HealthyYOU Vending has helped more than 1,000 franchises vend healthy food and medicines in offices, gyms, and hotels. You can add a wellness (medicine) vending machine to the unit to expand your offerings in a HealthyYOU Vending machine.

    Franchisees will get onboarding training, coaching, and a support center to help them make a great profit on the difference between wholesale and retail prices.

    #3. Naturals2Go

    • Founded in: 1986
    Franchising since: 1987
    Franchises: 10,000
    Initial investment: $50K-$250K
    Franchise Fee: $26K
    Royalty Fees: None

    Naturals2Go has been a successful vending machine company since 1987. The company helps you find places for high-tech vending machines serving healthy snacks and drinks.

    #4. Power Locker

    • Founded in: 2020
    • Franchising since: 2020
    • Franchise units: Undisclosed
    • Initial investment: $30K to $150K
    • Franchise Fee: None
    • Royalty Fees: None

    Power Locker focuses on serving convenient healthy foods through their healthy vending machines. They partner with unique drink and snack brands to deliver healthy food to busy people on the go.

    Snack Vending Franchises

    The Most Profitable Businesses to Start in 2024 - UpFlip (17)

    These vending opportunities focus on providing snacks consumers are familiar with and will get excited about.

    #5. Reis & Irvy’s

    • Founded in: 1988
    • Franchising since: 1988
    • Franchise units: 5,000
    • Initial investment: $160,950 to $593,900
    • Franchise Fee: $15,000 to $60,000
    • Royalty Fees: 12%

    Reis & Irvy’s offers a robotic frozen yogurt vending machine opportunity. For a franchise fee of $15,000 to $60,000 and a royalty fee of 12%, you can become a part of this rapidly growing industry.

    The total investment for a Reis & Irvy’s franchise is $160,950 to $593,900. Some of the key requirements for this franchise opportunity include a net worth of at least $250,000 and liquid assets of $120,000.

    #6. UTurn

    • Founded in: 1987
    • Franchising since: 1987
    • Franchise units: Undisclosed
    • Initial investment: $20,000
    • Franchise Fee: $20,000
    • Royalty Fees: N/A

    UTurn helps people start and grow their own snack vending businesses. They walk you through the entire process, starting with in-­person training, providing a business plan, and helping you find the best locations.

    Water and Ice Vending Machine Franchise Opportunities

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    The growing ice vending niche has the potential to make real money, but the costs to start are higher than many of the other companies on this list. That said, if you want to vend water or ice, check out:

    1. Twice the Ice
    2. Ice House America (IceBorn)
    3. Pure Water Technology
    4. Watermill Express
    5. Water Station Technology

    #7. Twice the Ice

    • Founded in: 2003
    Franchising since: 2003
    Franchises: 3,300
    Initial investment: $60K to $145K
    Franchise Fee: $26K
    Royalty Fees: None

    The Twice the Ice opportunity is a great investment for those interested in starting their own ice and water vending enterprise. Your total investment will range from $60,000 to $135,000+, depending on the type of machine you purchase.

    #8. Ice House America (IceBorn)

    • Founded in: 2003
    Franchising since: 2012
    Franchise units: 4,000
    Initial investment: $111,550-$242,845
    Franchise Fee: $7,000
    Royalty Fees: 6%

    Provide water and ice vending through Ice House America. Their machines run 24/7 without employees. Get unlimited earning potential when you buy a vending machine business through Ice House.

    #9. Pure Water Technology

    The Most Profitable Businesses to Start in 2024 - UpFlip (19)

    • Founded in: 1996
    Franchising since: 2014
    Franchise units: 500
    Initial investment: $50K-$100K
    Franchise Fee: $2,500
    Royalty Fees: None

    Pure Water Technology was founded in 1996 because of a concern about deteriorating drinking water quality. Today it has more than 500 franchise units.

    #10. Watermill Express

    • Founded in: 1984
    Franchising since: 1994
    Franchise units: 1,301
    Initial investment: $460K
    Franchise Fee: $25K
    Royalty Fees: Up to 7%

    Lani and Don Dolifka started Watermill Express because they lived near a Superfund that had unsafe drinking water. They created a purification system and encouraged reusable containers to help stay environmentally friendly.

    Now, there are over 1,300 locations. All you need is a plot of land to get started.

    #11. Water Station Technology

    • Founded in: 2010
    Franchising since: 2010
    Franchise units: 500
    Initial investment: $25K-$400K
    Franchise Fee: $25K
    Royalty Fees: Up to 7%

    Water Station Technology focuses on providing tech to make water vending more efficient. Join the most innovative company in water vending.

    Coffee Vending Machine Franchise

    The Most Profitable Businesses to Start in 2024 - UpFlip (20)

    #12. Xpresso Delight

    • Founded in: 2003
    Franchising since: 2004
    Franchise units: 180
    Initial investment: $$67,900-$115,000
    Franchise Fee: $37,500
    Royalty Fees: $0.11-$0.15 per cup

    Xpresso Delight was started in 2004 to provide coffee vending in the U.S., Australia, and New Zealand. These vending solutions target office break rooms and charge businesses based on per-cup pricing. Learn more about the Xpresso Delight franchising.

    Unique Vending Franchises

    These vending machine franchises span industries from healthcare to clothes bins and CBD.

    #13. Pharmabox

    • Founded in: 2014
    Franchising since: 2018
    Franchise units: 47
    Initial investment: $195,700-$216,800
    Franchise Fee: $36K
    Royalty Fees: 6%

    The automated pharmacy, Pharmabox carries 140 of the top-selling over-the-counter (OTC) medications. They help with securing a vending machine location and even provide the products to you at wholesale pricing.

    You’ll get access to:

    • Allergy and cold medicines
    • Batteries
    • Cleansers
    • Contraceptives
    • Digestive and stomach medications
    • Facial products
    • Hair care
    • Male and female health products
    • Moisturizers
    • Pediatric medication
    • Soap
    • Suntan lotion
    • Vitamins

    The vending machine routes for sale are on the pricier side of vending machine franchises, but any retail store or pharmacy that doesn’t have one outside needs a Pharmabox franchise.

    #14. Clothes Bin

    The Most Profitable Businesses to Start in 2024 - UpFlip (21)

    • Founded in: 2014
    • Franchising since: 2015
    • Franchise units: 38
    • Initial investment: $129K-$186K
    • Franchise Fee: $40,000
    • Royalty Fees: $6 per bin, per week

    Clothes Bin franchises place clothing bins on site that encourage people to recycle their clothing. When the bin is full, you pick it up and ship it to their sorters, who sell the clothes or repurpose them. Learn more about Clothes Bin.

    #15. ATM Together

    • Founded in: 2021
    • Franchising since: 2021
    • Franchise units: 2,600
    • Initial investment: $6.5K-$10K
    • Franchise Fee: N/A
    • Royalty Fees: Not Disclosed

    ATM Together is an ATM automation service that helps people find profitable locations, provides cash and Bitcoin ATMs, and connects you with the vendors you need for ATMs. Check out our blog and interview with the owner below.

    Other ATM franchises to consider include:

    #16. CBD Vending

    • Founded in: 2014
    • Franchising since: 2014
    • Franchise units: Undisclosed
    • Initial investment: $55K
    • Franchise Fee: $55K
    • Royalty Fees: Undisclosed

    CBD is a chemical extracted from cannabis that helps with anxiety, pain relief, sleep, stress, and other ailments. CBD Vending claims franchises make up to $50K profit annually in residual income.

    How to choose the best vending machine franchise opportunities

    The Most Profitable Businesses to Start in 2024 - UpFlip (22)

    Before you go into business with any vending machine franchise opportunity, you’ll want to verify:

    1. Franchisor reputation
    2. Business model
    3. Startup costs
    4. Business locations

    Franchisor reputation

    Check reviews, talk to other franchisees, and make sure the vending machine franchise has a good reputation. You don’t want to spend a lot of money on vending machine locations for sale just to find out there’s no traffic at the location.

    Business model

    Franchising is a great business model, but the processes set forth by the franchisor impact franchisee success. Ask for average earning documentation and franchisee satisfaction statistics. Any reputable franchise should have these in their franchise disclosure documents. Learn how to buy a franchise.

    Startup costs

    A successful vending machine business will normally make enough that every machine can buy another machine each year. If the franchise model is expensive enough that you can’t buy at least another franchise vending machine annually, you’ll have a hard time maximizing profits.

    Good location

    The Most Profitable Businesses to Start in 2024 - UpFlip (23)

    The vending machine’s location will impact your success. Look for a location with high visibility and good foot traffic. Learn how to place a vending machine.

    Vending Machine Franchise FAQ

    How much does it cost to open a vending machine franchise?

    Opening a franchise will cost different amounts based on the franchisor you choose and your location. Some franchises require an investment of only $7K, while others may cost more than $250K. Ask the franchisor about royalty fees and advertising expenses to accurately estimate your startup costs and potential profits.

    Is a vending machine franchise profitable?

    When you buy a vending machine franchise, you should be looking for ones that return your investment capital in a year. Adam Hill told us that you should make at least 50 cents profit on each item sold and that he aims to make at least $2,000 monthly from each vending machine.

    How to start a vending machine business

    You should follow the steps below to start a vending company:

    1. Understand the vending industry
    2. Research vending machine prices
    3. Write a vending machine business plan
    4. Form your vending machine business
    5. Buy a vending machine
    6. Get products for your vending machine
    7. Find a location for your vending machine
    8. Store additional products for the vending machines business
    9. Maintain your vending machine
    10. Collect money and refill vending machines

    Check out our vending machine business course for more information.

    How much does a vending machine cost?

    The Most Profitable Businesses to Start in 2024 - UpFlip (24)

    You can buy vending machines for between $50 and $20,000 depending on the type of vending machine, technology integration, and condition of the machine.

    When you want to find a vending machine route for sale, you’ll normally pay more because the vending machine business for sale already has revenue, which makes it more valuable.

    How much does it cost to start a vending machine business?

    To start a vending machine business, you should expect to pay at least $3,000, which includes:

    • The cost of the machines
    • Business formation
    • Business licenses
    • Products
    • Transportation costs
    • Accounting software

    The more machines you buy, the more you should expect to spend. Depending on your business goals and the business opportunity, you may spend up to $250K when buying vending machine routes.

    Did you find a vending machine franchise for sale?

    We’ve covered where to buy vending machine franchise options. You should consider whether a vending machine franchise for sale seems legit. Scams are increasing along with people’s growing awareness of passive income and ability to control their own schedules.

    Despite the hustlers trying to pull one over on people, vending machines can be a profitable source of passive income.

    What vending machine business interests you?

    Business ideas

    How to Start an Etsy Shop (and Make $60K/Month)

    Cash is not king. Creativity is. Have you ever wanted to start your own Etsy shop? Vlad Kuksenko started TagPup and in 18 months became the top pet product seller. You can do it, too!

    We sat down with Vlad and learned how he loved art but earning a living as an artist wasn’t an option until graphic design became a major field. Today, he creates personalized dog collars, leashes, and bandanas that fill the number one pet products shop on Etsy.

    [su_note note_color="#dbeafc"]
    We’ll share the tips and strategies he used to become number one in his category. (Click the links below to jump to the sections that interest you most.)

      • What is Etsy?
      • What to do before opening an Etsy shop
      • How to start an Etsy shop
      • Selling on Etsy FAQ
      • Learn more about Etsy businesses
      • Start your own Etsy shop
        [/su_note]

    Get ready to become your own Etsy shop manager.

    What is Etsy?

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    Etsy is an online marketplace where shop owners can sell products to Etsy’s 82 million buyers looking for handmade and vintage products. Etsy listings fall into eight major categories:

    1. Jewelry & Accessories
    2. Clothing & Shoes
    3. Home & Living
    4. Wedding & Party
    5. Toys & Entertainment
    6. Art & Collectibles
    7. Craft Supplies
    8. Seasonal Offerings (think Valentine’s Day, Veterans, Memorial, and Labor Days, 4th of July, Halloween, Thanksgiving, and Christmas)

    Keep reading for things to sell on Etsy.

    What to do before opening an Etsy shop

    Before you sell items on Etsy, there are a few things you should do, including answering:

    • What to sell on Etsy?
    • What is the industry outlook?
    • Who are the major players on Etsy?
    • What will my Etsy business plan be?

    What to sell on Etsy?

    If you’re wondering what sells best on Etsy, check out the Etsy best sellers list. The best-performing segments according to Etsy’s 3rd Quarter 2021 Earnings Presentation are:

    1. Homewares & Home Furnishings: $4.2 billion
    2. Jewelry and Personal Accessories: $2.1 billion
    3. Craft Supplies: $1.4 billion
    4. Apparel: $1.4 billion
    5. Paper & Party Supplies: $600 million
    6. Beauty & Personal Care: $300 million

    Many of these are vintage items, handmade goods, or personalized items that do particularly well with Etsy shoppers. Vintage items are classified as over 20 years old, while handmade means that each is unique.

    Vlad spent a lot of time talking about the decision-making process of what to sell in an Etsy shop. He explained:

    [su_quote]Etsy is a want-based business. If you can personalize it, you can sell it.[/su_quote]

    He went on to explain:

    [su_quote]You need a keyword to be able to sell it. If there is no keyword people are searching, you can’t sell it.[/su_quote]

    He suggests using eRank to help with your search engine optimization (SEO). eRank has various tools to help small business owners come up with product ideas, optimize their listings, and track their shop page against the best Etsy shops.

    Vlad described his product development process as:

    1. Research what has a high search volume using eRank.
    2. Input the term you are targeting into the Etsy search bar.
    3. Look for products with at least one review per day because that means they are selling at least 5 to 10 per day.
    4. Review the listing to establish:
      • What is frequently favorited?
      • What do the favorited items have in common?
    5. Design your offerings based on this search.

    Vlad gave two additional pieces of advice that small business owners should follow when wondering how to start an Etsy shop:

    • “You need multiple products that work well together. Carrying a single product doesn’t do as well.”
    • Be aware of seasonality. For instance, items like planners, weight loss tools, and wall hangings tend to do better at the beginning of the year.

    Now that you understand how to decide what to sell on Etsy, you’ll want to know the differences between Etsy and other major players in the industry. Let’s take a look.

    What is the industry outlook?

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    According to eMarketer, U.S. eCommerce sales are expected to grow by 10 to 15% per year and total over $1.6 trillion by 2025. Most of the earnings will be from top players like Amazon and Walmart.

    Etsy had an industry-leading 107% increase in Gross Merchandise Sales, which means if you meet the requirements to start an Etsy shop, it is the place to be.

    Now that you know where the industry is going, keep reading to learn how to start an Etsy shop.

    Who are the major Etsy sellers?

    Etsy doesn’t share each company’s revenue, but they share the number of transactions for each Etsy shop and the number of followers. Some of the most prominent players are:

    • Planner Kate: An organization shop with 1.8 million transactions and 60K followers
    • Bead Boat: Craft supply shop with 1.4 million transactions and 57K followers
    • ModParty: A bridal shop with over 1.22 million transactions and 113K followers
    • Peggy Sue Leather: Leather supply shop with almost 790K transactions and 25K followers

    Pro Tip: See more top sellers on Practical eCommerce’s blog 20 Top Selling Shops on Etsy.

    Etsy offers plenty of opportunities for shop owners to make a great living. Here are a few business owners that we’ve interviewed who run businesses similar to Etsy sellers:

    [su_youtube url="https://www.youtube.com/watch?v=7b_58Bppsb4"]

    Write an Etsy business plan

    You don’t need a business plan for an Etsy shop, but it will be much easier to start an Etsy shop if you start by writing a business plan. A business plan is something we recommend for every new business.

    Your Etsy business plan should include:

    1. Your business name, idea, and goals
    2. Industry and competitor research
      • Market research
      • Size of market
      • Gaps in market
      • Whether Etsy is the best place to reach your market
    3. Financial estimates and budgeting
      • Are there gaps between the money you have and the money you need? How will you solve them?
    4. Marketing goals and processes.
    5. The path to achieving your set goals

    Check out our interview with Mike Andes on how to write a business plan.

    [su_youtube url="https://www.youtube.com/watch?v=C8MyjkibCxk"]

    We’ve gathered some templates and resources for you to make creating a business plan for an Etsy shop easier. Check them out below.

    Etsy Business Plan Templates

    We’ve gathered templates to help you develop your business plan. Here are some of the best:

    • UpFlip business plan template
    • One-page business plan
    • U.S. Small Business Administration (SBA) Business Guide
    • Get help writing a business plan.

    EXCITING ANNOUNCEMENT: Stop wasting countless hours and dollars trying to figure out how to succeed on Etsy. Unlock the proven strategies of Vlad, who built a $3.2M Etsy business from scratch. Learn his secrets and start transforming your Etsy shop today with UpFlip Academy.

    How to start an Etsy shop

    Starting an Etsy shop can be a great way to sell handmade, vintage, or unique items. Here are step-by-step instructions on how to get started:

    1. Sign up or log in to Etsy
    2. Open your shop
    3. Choose your shop preferences
    4. Name your shop
    5. Stock your shop
    6. Add clear photos
    7. Set your prices
    8. Choose your payment methods
    9. Establish shop policies
    10. Calculate shipping costs
    11. Promote your shop
    12. Fulfill orders promptly
    13. Provide excellent customer service
    14. Monitor your shop
    15. Consider Etsy advertising
    16. Stay compliant with Etsy policies
    17. Reinvest in your business

    Let’s start by opening getting an Etsy account.

    Sign up or log in to Etsy

    If you don’t already have an Etsy account, you’ll need to create one. If you do, log in.

    Open your shop

    The Most Profitable Businesses to Start in 2024 - UpFlip (28)

    Click on “Sell on Etsy” in the top right corner of the Etsy homepage.

    To create an Etsy shop, you’ll need to go to the Etsy official site and create an account. You can use Etsy sign-in through Google or Facebook to make it easy. After you have created an Etsy account, you’ll want to go to etsy.com/sell. Review everything and click “Open your Etsy Shop.”

    Choose your shop preferences

    It will take you to a “shop preferences” page that asks for your shop language, shop country, and shop currency. You can change these with the drop-down menu.

    It also asks, “Which of these best describes you?” and gives the following options:

    • Selling is my full-time job.
    • I sell part-time but hope to sell full-time.
    • I sell part-time, and that’s how I like it.
    • Other

    All the answers on the shop preferences page have default answers already added. If you wish to change the answers, do so, then click “Save and Continue.”

    Name your shop

    In this step, you’ll choose a unique shop name for your new Etsy shop. The shop name needs to meet the following guidelines:

    • Shop Name Length: Include a maximum of 20 characters, only Roman letters and numbers, no spaces or punctuation.
    • Shop Name Availability: Push “Check availability” to verify whether the name is available.
    • Descriptive: Does it describe what you sell?
    • Memorable: Is it easy to remember?
    • Available in other places: Is the name available as a domain, social media, and trademark?
      • Use our business name generator to verify the name is available as a domain.
      • Search “[your location] business license search” to check availability in your location.
      • Use uspto.gov to check trademark availability.

    Once you’ve settled on a great name, enter it then click “Save and continue” to proceed to the next page, where you will create listings.

    Want to hear more about Vlad’s TagPup success? Listen to his podcast episode below.

    Stock your shop

    The Most Profitable Businesses to Start in 2024 - UpFlip (29)

    On this page, you’ll want to add all your listings. You’ll click the blue box that says “+ Add Listing,” which will take you to the “Add a new listing” page. This page is relatively long, so we’ve broken it into sections to make it easier to follow.

    1. Photos
    2. Videos
    3. Listing Details
    4. Inventory and Pricing
    5. Variations
    6. Personalizations
    7. Shipping

    What should I include in my Etsy listing details?

    You’ll want to include the following information in the listing details:

    • Title: What you call the product, no more than 140 characters
      • Example from one of my hoodies: “Unisex Shaded Hands Heart Hoodie- Artwork by Daisy Gray”
    • About this Listing: Three questions
      • Who made it? Me, member of my shop, or another company or person
      • What is it? Finished product or supplies and tools
      • When was it made? Made to order (use this for print-on-demand), Recent (choose dates between 2003 and today), Vintage (Pre-2003)
    • Category: Search for and select your product type
    • Sizes and Colors: Select the option that describes it best, or select “multiple” to create variations.
    • Optional classifications for Etsy search: Holiday, occasion, style, and graphic
      • There are a lot of attributes, and they change based on the category. Review them and select whatever fits best as they can help with search results.
    • Optional for clothing: Sleeve length, closure, and clothing style
    • Renewal: Auto or manual
    • Type of Product: Physical or digital
    • Description: Describe your product, 1,100-character maximum

    Vlad told us:

    [su_quote]Read your competitors’ descriptions. Use graphics as opposed to descriptions when possible. For instance, take the dog collars and a ruler to show the different sizes.[/su_quote]

    • Production Partners: Asks for information about any outside partners, including the following:
      • Partner name
      • Location
      • Additional information
      • Why you work with them, your role, and their role
    • Tags: Keywords you want your product to show up for, maximum of 13 tags
    • Materials: Type of raw materials. For instance, cotton and polyester.

    The tags are the key to getting your shop name in front of your target audience. Don’t forget to use eRank to help with the tag selection.

    We asked Vlad, “What Etsy tags should I use?”

    Vlad told us:

    [su_quote]When creating tags, think about ‘Where should I show this product?’

    If you’re creating t-shirts, you don’t need the word ‘t-shirt’ in each one. Just include it in the first three, and use other tags that will put it in front of other people.[/su_quote]

    To do this section right, expect to spend an hour per product or more.

    Example of tags

    Given Vlad’s suggestion, you may want to use the following tags if you have a Taylor Swift shirt (which is one of the trending topics for t-shirts this year):

    1. Taylor Swift tour shirt
    2. Taylor Swift Eras shirt
    3. Eras tour shirt
    4. Taylor Swift tour
    5. Taylor Swift Eras
    6. Eras tour
    7. Taylor Swift outfit
    8. Taylor Swift merch
    9. Red Taylor Swift
    10. 1989 shirt
    11. Lover shirt
    12. 1989 Taylor Swift
    13. 1989

    How to set up an Etsy shop video

    Etsy recommends creating a product video. They give you instructions on how to take listing videos in the Etsy Seller Handbook. If you add product videos, they should meet the following qualifications:

    1. 1080p or higher resolution
    2. 5-15 seconds long
    3. Less than 100 MB file size
    4. 30 frames per second
    5. Don’t edit the video before loading it into Etsy. (If you edit the video from standard video sizing to a 1:1 height-to-width ratio, you may have issues uploading from an iPhone.)

    You can make a video with a 1:1 ratio after adding the video to Etsy by using the editing tools on their site.

    Now that you know how to add a video to your Etsy listing page, let’s look at the other information covered in Etsy listing details.

    Add clear photos

    The Most Profitable Businesses to Start in 2024 - UpFlip (30)

    High-quality images are crucial to start selling. Take well-lit, clear photos that accurately represent your items.

    Etsy allows you to add up to ten photos on the website. Want some tips on how to create great product images? Check out the list below.

    • Use natural light and no flash. Late afternoon is the best time to photograph.
    • Include a common object for scale, or use a ruler if needed.
    • Show the item being held, worn, or used.
    • Shoot against a clean, simple background. Most platforms require white backgrounds for the primary photo, so it’s best to have at least one that shows the image on a pure white background because you’ll probably sell on other platforms too.
    • Add photos of your variations so buyers can see all their options.
    • Set the pixels per inch to 72 and 2000 x 2000 pixels.
    • Verify that the combined photo image sizing is no larger than 1 MB total. Otherwise, it slows pages on mobile devices not connected to WiFi.

    After you add photos, remember to edit the meta description to help with search engines by hovering over the image and clicking on the pencil. You can also crop or delete the image in the hover menu. If you click and hold onto an image, you can change its placement.

    Set your prices

    Consider the cost of materials, time, and any fees when setting your prices. Be competitive but also make sure you’ll make a profit. The pricing should be high enough to cover the following:

    • The cost of the goods
    • Your time
    • Etsy’s $.20 listing fee
    • Etsy transaction fees of 5% of the product price plus shipping price
    • The Etsy payment processing fee of 3% + $.25 in the U.S. (varies by country)
    • Etsy’s 15% off-site marketing fee, which is charged every time Etsy randomly places your product in an off-site ad that results in a purchase
    • Cost of shipping labels ($6.99 at the time of writing; learn more about shipping labels in Etsy’s Seller Handbook)
    • Any other costs associated with your Etsy shop

    How to start an Etsy shop with no money

    You can open an Etsy shop without money, but the Etsy platform requires a $.20 per item listing fee that you’ll have to pay when the product sells. If your items are not made-to-order, Etsy shop owners can get started for free. This is especially true if you can start selling vintage goods you already own as you won’t have to buy new materials.

    Now that you know how to start an Etsy shop, let’s look at Etsy payments.

    Choose your payment methods

    The Most Profitable Businesses to Start in 2024 - UpFlip (31)

    Set up your preferred payment method. Etsy Payments is a commonly used option that allows buyers to pay for a physical or digital product assuming your payment account settings allow each of the options as Etsy payments:

    • Credit cards
    • Debit/bank cards
    • Etsy Gift Cards and Etsy Credits
    • Apple Pay
    • Google Pay
    • PayPal
    • Klarna Financing (U.S. only)
    • Klarna installment payments (Australia, Canada, Spain, UK, U.S.)

    Establish shop policies

    Define your shop policies regarding shipping, returns, and exchanges. This helps set clear expectations for your customers. You’ll have to follow Etsy’s policies, but as a shop owner, you can also define your own about subjects like returns, exchanges, and cancellations. Printify goes into more detail about Etsy store policies.

    Calculate shipping costs

    Etsy offers a free shipping option, and I highly recommend using it. While Vlad didn’t specifically mention offering free shipping, he offers it on many of his products, and considering how much we love free shipping, we assume that’s part of TagPup’s success! He made some comments that suggest including the shipping in the price of the goods:

    [su_quote]Be very clear in what they are buying to get better reviews.[/su_quote]

    and

    [su_quote] Don’t trick people.[/su_quote]

    Additional shipping charges can be tricky at times, so I (the author) suggest using the free shipping feature. It is straightforward; they’ll ask you a couple of questions, including:

    Origin zip code: Where it’s mailed from
    Processing time: How long it takes from when the customer orders until when it ships
    Where I’ll ship: Continents or specific countries
    Shipping services: Your offerings for shipping
    Free shipping: Domestic or international (I would discourage offering free international shipping unless you are well-versed in shipping and pricing costs)

    Then you’ll have an option to add shipping to the price of the product. Review Etsy pricing strategies to include free shipping and learn how to include the pricing in the product cost.

    In addition to specifying shipping options, remember to establish and post a very clear return policy that details:

    • When you accept returns (standardized product, within 90 days, not-made-to-order, manufacturer error)
    • When you will not accept returns (damaged after shipping, custom made, after 90 days)
    • Time frame to return the product
    • Who pays for return shipping

    Promote your shop

    Marketing is the trick to growing any business. You have to get your business and products in front of people to sell them. Fortunately, Etsy makes it pretty easy for a small business to sell on its marketplace.

    If you don’t have much experience with marketing, it starts with market research. Mike Andes goes into great detail about market research, including identifying potential customers, target markets, and demographics. Check out our interview with him below:

    [su_youtube url="https://www.youtube.com/watch?v=7dqHBHA4AmU"]

    Vlad had a lot of input on how to sell on Etsy. He emphasized the importance of product design:

    [su_quote]Art ought to communicate to [potential customers]. If it doesn’t communicate, it’s not art and won’t sell.[/su_quote]

    He also told us you should “price your products based on the middle of the pack” because Etsy customers aren’t looking for items they need but that they want. They will go for the one that meets their desires the best.

    He also shared this advice:

    [su_quote] Don’t race to the bottom and satisfy the keyword.[/su_quote]

    His strategies for becoming one of the best Etsy shops for pet products are also used by retail giants, and you can leverage them, too. As you start marketing your Etsy shop:

    • Create a loss leader: This is a pricing strategy that intentionally takes a loss on a product to gain market share. Vlad uses this with new products to gain traction on the Etsy website.
      • Vlad told us: Underbid, rank, then raise the price.
      • Use Etsy promotional pricing.
    • Utilize Etsy free shipping: Everyone loves something free. With the success of Amazon Prime, online shoppers expect every online marketplace to offer free shipping.
    • Gather data and improve: While underbidding, he’s able to gather data.

    He told us:

    [su_quote] I’ll take a loss to gather data and improve my knowledge about whether it performs, then introduce new keywords.[/su_quote]

    Vlad also suggested:

    [su_quote]Use the sales and coupons. I’ll set the product to the original price, then discount it heavily. I also match products together to create packages people love. Always create sales for holidays.[/su_quote]

    He also said that he throws in a small gift for repeat customers occasionally, but he doesn’t do it all the time.

    For more on TagPup’s winning formula, watch our second video with Vlad here.

    [su_youtube url="https://www.youtube.com/watch?v=7dqHBHA4AmU"]

    Helpful marketing tools

    There are some useful marketing tools that small business owners use to market their companies:

    • Canva: Simplify graphic design with Canva. Get access to thousands of templates for websites and social media for as low as $4.99 per month.
    • SurferSEO: Write blog content faster and rank higher on search engines with SurferSEO.
    • MailChimp: Email and SMS marketing automation is one of the keys to success that many small business owners mention. Get started with Mailchimp.

    Fulfill orders promptly

    Ship orders as soon as possible after they’re placed. This will help you provide excellent customer service. You can use Etsy shipping labels to save up to 30% on your shipping cost. Learn more about shipping label fees on Etsy.

    You can also provide tracking information by using Etsy tracking labels or providing the tracking codes to the customer by other means. You’ll need to check Etsy and your preferred shipping provider to figure out the best way to handle shipping.

    Provide excellent customer service

    The Most Profitable Businesses to Start in 2024 - UpFlip (32)

    Respond to customer inquiries and concerns in a timely and friendly manner. The service you provide both before and after a purchase will impact customer satisfaction, whether they return to your shop, and whether they review and suggest your shop to other people.

    According to inc.com, it takes 40 positive reviews to fix the damage done by a single negative review. When someone is upset, take the time to solve their problem politely. Vlad told us:

    [su_quote]I work with customers on returns as long as they are less than 90 days. After that, we don’t. I just try to make them happy.[/su_quote]

    The process I (the author) have found works wonders for dealing with unsatisfied customers is:

    1. Apologize for the inconvenience they are experiencing.
    2. Ask what you can do to fix it.
    3. Listen to their answer.
    4. Gather information about whether it was your error or theirs.
    5. Do exactly what they asked unless it is unachievable.

    This can be a challenge because it may result in a single order resulting in a loss, but it’s far less costly than a bad review.

    Monitor your shop

    Vlad discusses his workflow at the 35-minute mark of UpFlip podcast episode 10. If you haven’t already listened to it, check it out now.

    He told us:

    [su_quote]Review your store and each item for week-over-week growth. If that section of the pie doesn’t grow, stop. If the reviews for it aren’t good, consider discontinuing the product.[/su_quote]

    Consider Etsy ads

    Etsy has a built-in ad feature where you can specify your daily ad spend limit, and they promote your products accordingly. The Etsy Seller Handbook answers how Etsy Ads work in more detail, but you basically create a budget of between $1 and $1,000 a day.

    Vlad told us:

    [su_quote]I typically spend between $300 and $1,000 per day on ads. Etsy really creates a level playing field, so going higher doesn’t mean it all gets spent.[/su_quote]

    He went on to tell us the best way to use ads is to utilize keyword research.

    [su_quote]Find the most creative way to make the ad as quick as possible to make it where the ad budget goes as far as possible.[/su_quote]

    Stay compliant with Etsy policies

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    Familiarize yourself with Etsy’s policies to ensure you’re abiding by their rules and regulations.

    Reinvest in your business

    You’ll want to reinvest in your business to help it grow and get more customers. Vlad told us:

    [su_quote]Margins are 50-60% if you don’t reinvest in the business, but we tend to reinvest in machinery.[/su_quote]

    In addition to adding machinery, you can create new products or increase marketing to expand your business. Once you earn more income consider opening a retail location or hiring more employees to help.

    Selling on Etsy FAQ

    Where to buy materials and equipment for an Etsy store

    You can purchase materials from a variety of places. Some of the places to buy when you first start are:

    • A brick-and-mortar store: JOANN Fabric and Michaels are two that offer lots of selections for craft businesses.
    • Etsy Craft Supplies: Find craft supplies you know are selling well on Etsy.
    • Amazon: Craft supplies and tools can come directly to your home from the number one online retailer.
    • Alibaba: Get bulk orders from overseas (allow weeks to months for shipping).

    If you’re looking for equipment, Amazon and Alibaba might have it, but you can also check places like:

    Vlad told us:

    [su_quote]You can spend 200 bucks at JOANN and customize mugs with vinyl. The materials and equipment costs depend on what you’re making and what machines you need.[/su_quote]

    He also told us:

    [su_quote]Inventory is such a big issue. Sometimes I spend $5,000 on shipping to get $10,000 of product. One of the ways to fix that is to pay half up front and half on delivery.[/su_quote]

    Do I need a business license to sell on Etsy?

    Etsy does not require a business license to start listing physical or digital product, but the government might if you make more than $600 from your Etsy shop. In addition, a business bank account, reseller’s license, and business credit card will all require a business license.

    Each city, state, and country have different licenses, permits, and tax forms required. Refer to the SBA License and Permits page to identify what your Etsy shop needs.

    Learn more about Etsy businesses

    Vlad suggested reading the book E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It. You can get it through our Amazon shop.

    • Check out Vlad’s YouTube, TalkShop.
    • Save 30% on Vlad’s course.
    • Etsy has 2 YouTube channels:
    • Nancy Badillo, a highly successful Etsy seller, has almost as many followers as Etsy’s channels combined.

    Start your own Etsy shop

    We’ve explained the market outlook for eCommerce, how to start an Etsy shop, licensing requirements in case you want to make your shop a formal business, and marketing strategies to improve your business results.

    If you’d like to consider other business ideas, check out our blog about the 30 best businesses to start for under $10,000.

    Etsy can be an extremely satisfying way to earn a living. What kind of products are you thinking about listing on Etsy?

    Business ideas

    19 Best Website Builders for Small Businesses

    Every business should have a website, but professional websites are expensive. You'll have an advantage if you can build your business’s website for free. That's why we looked into the best website builders for small businesses.

    After reviewing several blogs, one thing was clear: Everyone has a different opinion.

    We decided to go with Google’s rankings because it uses the number of referring domains (i.e., the number of websites that link to them) as a primary way to rank its results. We ignored ads and scrolled down to the authentic list of website builders.

    After we gathered a list of website builders, we reviewed each one to see what makes it unique. We compared their pricing and features to help you decide on the best website creator.

    [su_note note_color="#dbeafc"]
    Keep reading to learn about the best website builders for small businesses—or click a link below to jump right to that section.

    • The Best Free Website Builders for Small Businesses
    • Best Website Builders for Small Businesses (No Free Plans)
    • How to Build a Website for Free
    • What is the best overall website builder for small businesses?
    • What is the best free website builder for small businesses?
    • What is the best eCommerce website builder? [/su_note]

    Which of the best website builders have you tried?

    The Best Free Website Builders for Small Businesses

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    At the end of 2023, we compared top-ranked companies that came up in response to the search term “free website builder.” The following were the top results:

    1. Wix
    2. Weebly
    3. Canva
    4. GoDaddy Website Builder
    5. Webflow
    6. Yola
    7. Website.com
    8. WordPress.com (and the Elementor tool)
    9. Strikingly
    10. Appy Pie
    11. Renderforest
    12. Zoho Sites

    Some website builders that appeared in the search results didn’t actually have free plans. These were:

    1. Squarespace
    2. MailChimp
    3. Mobirise
    4. GetResponse
    5. HostGator
    6. Shopify
    7. BigCommerce

    We’ll look at each website builder to help you understand why it might be best for you.

    #1. Wix: Best Free Website Builder for Small Businesses

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    When you go to Wix, you’ll get choices to start an online store, portfolio website, blog, consultancy website, service business site, restaurant site, event site, or “other.”

    The simple drag-and-drop editor and wide range of website templates makes Wix the best website builder for small business owners. You also don’t need a credit card to sign up for Wix.

    Pros
    • User-friendly drag-and-drop builder
    • Wide range of templates and customization options
    • The app market allows you to buy custom features that some but not all types of businesses need.

    Cons
    • The free plan only provides a Wix-branded subdomain—you’ll get a free custom domain on any paid plan

    Difference Between a Subdomain and a Custom Domain

    We’ll be using the terms “subdomain” and “custom domain more throughout this list. Here’s what those terms mean:

    1. Subdomain: Your custom website ears branding from your web host, e.g., “yourbusiness.wixsite.com.” It only requires a couple of clicks to turn your design into a webpage, but it can also turn wary customers away.
    2. Custom domain: Only includes your chosen website name, e.g., “yourbusiness.com.” Attaining a custom domain is pricier and more involved, but it lends your business extra credibility. And if you own the custom domain, you can change web hosts.

    Wix Pricing

    Wix pricing ranges from free to $159 monthly. As the price goes up, you’ll benefit from additional:

    • Collaborators
    • Storage space
    • Marketing features
    • Site analytics
    • Payment processing
    • eCommerce features
    • Developer platform features

    All paid plans include first-year domains for free. You can also get an enterprise plan for even more features, but you’ll need a quote from Wix.

    #2. Weebly: Best Free eCommerce Website Builder

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    Weebly is the best free option for small business owners in eCommerce. It helps you start online stores with basic capabilities and includes a user-friendly drag-and-drop editor.

    It’s simple compared to many other free builders, but you might not be able to expand your website as much as other services allow.

    Pros
    • Intuitive drag-and-drop interface
    • Good selection of templates
    • Basic eCommerce capabilities

    Cons
    • Free plan has fewer features than the paid plans (but you’ll find that with every free website builder on this list)

    Weebly Pricing

    Weebly offers four tiers of plans, with prices from free to $29 per month. All the plans work for eCommerce, but you’ll get additional features when you choose a paid option, including:

    • Custom domains
    • Unlimited storage
    • Better site statistics
    • No square ads
    • Ability to sell digital goods
    • Shipping functions
    • Reviews
    • Abandoned cart emails
    • Better support

    #3. Canva: Best Business Website Builder for Designers

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    Most people use Canva for design work, but they have an excellent website builder.

    As a non-designer, I love Canva. I have used their designs to create a business website, and it’s phenomenal if you don’t mind a Canva subdomain.

    On the other hand, I did not find using a custom domain on Canva as simple as with some of the other website-building software.

    Pros
    • Excellent design tool for non-designers
    • Easy to use as a Canva subdomain (e.g., “yourbusiness.canva.com”)
    • Lots of templates
    • Website building and design tools in one software

    Cons
    • Difficult when using a custom domain
    • Unique style of website builder, which may feel unintuitive to people who have built sites before

    Canva Pricing

    The pricing of Canva ranges from free to $14.99 for one person to $29.99 for a team of five. Additional users cost extra.

    The main perks of going with the $14.99 Canva Pro plan are additional AI functionality, brand kits, and millions of stock images. Canva for Teams mainly adds collaborative functionality and reports.

    #4. GoDaddy Website Builder

    The Most Profitable Businesses to Start in 2024 - UpFlip (39)

    GoDaddy doesn’t just sell domains. You can also build your website with the GoDaddy Website Builder. It offers both free and paid website builder options.

    GoDaddy provides complete control, web hosting, and other features small business websites need. Various eCommerce tools, including Google Shopping integrations, make GoDaddy appealing to small businesses selling products.

    Pros
    • Accept payments with a free plan
    • Improve your website with paid plans
    • Google Shopping integration
    • In-person selling tools (additional cost)

    Cons
    • Online marketplace on Commerce plan and higher only
    • Most marketing features are not available on lower plans.

    GoDaddy Website Builder Pricing

    The free version of GoDaddy Website Builder includes:

    • Social media and email marketing
    • Single session appointments, but not recurring appointments
    • GoDaddy Payments that accept credit and debit cards
    • SSL certificates, which prove your website is secure
    • 24/7 customer support
    • GoDaddy Studio content creation

    Meanwhile, GoDaddy offers premium plans ranging from $9.99 to $29.99 that include:

    • Custom domains
    • Flexible shipping
    • Search engine optimization (SEO) tools
    • Recurring appointments
    • Email and text reminders
    • Amazon, eBay, and Etsy integration
    • Online payment for services
    • Google Shopping listings
    • Order and inventory synching

    #5. Webflow

    The Most Profitable Businesses to Start in 2024 - UpFlip (40)

    Webflow is a no-code web builder that goes beyond the basic website to create the entire customer experience. It uses web development best practices; for instance, staging, which gives you a separate environment from your live website to tinker with without breaking anything.

    If you aspire to be a web designer, developer, or SaaS company, this is one of the best website creators on the market.

    Pros
    • Great for people who like to learn
    • Great for designers and devs

    Cons
    • There is a learning curve
    • Overwhelming number of options
    • Traffic limits

    Webflow Pricing

    Webflow pricing is one of the most complex on this list of website builders. You’ll start by choosing either Site plans or Workspace plans, but most individual users will need Site plans.

    Then, you’ll have the choice between general plans or eCommerce plans. Only the general plan has a free option, which includes:

    • Webflow.io domain
    • Two-page website
    • 50 file types (e.g., photo files, PDFs, etc.)
    • 50 form submissions (lifetime)
    • 1 GB bandwidth
    • 1K unique visitors monthly

    The upgraded plans add:

    • Custom domains
    • Additional web pages
    • Additional CMS items
    • Additional form submissions
    • Additional bandwidth
    • Additional unique visitors monthly
    • Different marketing and SEO features

    #6. Yola: Best for Local SEO Tools

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    You may not have heard of Yola before (neither had I), but it has some built-in features that can make it easier to start a business. Including Google Maps as part of the web builder and automatic GDPR compliance are excellent features.

    Note: GDPR stands for General Data Protection Regulation, a European data protection law.

    This might be the right website builder for local businesses or ones that do a lot of business in Europe. Unfortunately, the builder software's free plan is limited to two pages.

    Pros
    • Contact forms
    • Google Maps built-in
    • YouTube embeds built-in
    • Multilingual sites
    • No traffic limits

    Cons
    • The free plan only includes two pages
    • Complicated pricing
    • Tiered eCommerce plans can limit growth

    Yola Pricing

    The most complicated part about Yola is the pricing. The free plan is limited to two pages and 1 GB of storage space, while the other plans allow much more storage space and up to 1,000 pages. Paid plans range from $9.45 to $35.45 per month.

    Then, you can add a store to premium plans for free—up to three products and one category. Upgrade to 100 products for $15 per month, $2,500 for $35, or unlimited for $99.

    You can also buy an add-on custom domain and email.

    #7. Website.com: Cheapest Website Builder for Side Gigs

    The Most Profitable Businesses to Start in 2024 - UpFlip (42)

    I would categorize Website.com as the best website builder for small business owners running a side gig because they have a free plan and many low-cost plans. These plans provide limited functionality but will reduce costs until the business can sustain your lifestyle.

    Some of the web builders do not include payment processing in the free tiers, but Website.com does. Unfortunately, they require the highest tier plan for necessary pages, like terms of service and refund pages.

    Pros
    • Top tier plan has excellent features, like schema, built-in
    • Credit cards are accepted on all tiers.

    Cons
    • Terms and refund page are only available to the highest plan
    • Business Basic is the minimum anyone serious about running a business would want.

    Website.com Pricing

    Website.com offers websites for free, but they earn revenue from ads. You’re limited to five pages with the free plan but get unlimited pages with any upgraded plans.

    Upgraded plans range from $11 to $38 monthly with a $15 setup fee. You’ll want at least the Business Basic plan if you focus on selling online. Still, many of the features you need to be genuinely successful are only available with the $38 monthly Business Advanced plan.

    #8. WordPress.com (and the Elementor tool)

    The Most Profitable Businesses to Start in 2024 - UpFlip (43)

    WordPress.com is based on, but distinct from, the free content management system (CMS) called WordPress or WordPress.org. Unlike the CMS—which allows you to build a website and manage its content—WordPress.com also hosts your website and provides a free subdomain.

    Using the free CMS allows you to save money by finding less expensive hosting and domain solutions. But if you’re not interested or experienced in handling web hosting and domain registration, we recommend WordPress.com.

    One of the best WordPress.com tools is Elementor, a template company. Their free template, Hello Elementor, is usually ranked as the fastest WordPress.com template, but you need the Business plan to use it.

    Pros
    • Established and widely used platform
    • Free subdomain (e.g., yourbusiness.wordpress.com)
    • Blogging capabilities are integrated.

    Cons:
    • Limited design customization on the free plan
    • Ads on the free plan
    • Complex management
    • Many eCommerce features require WooCommerce.

    WordPress.com Pricing

    WordPress.com offers six plans that range from free to the Enterprise-grade package at $25K+ per year. All the plans provide website functions, but when you increase your plan, you get additional features like:

    • Lower transaction fees (starts at 10% and goes to 0%)
    • Increased server management
    • Increased monetization features

    The $25 monthly Business plan is best for developers, while the $45 monthly commerce package is best for eCommerce stores.

    #9. Strikingly: Best for Single-Product Online Store

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    The best website builder for single-product companies is Strikingly. A small business owner with multiple passive income businesses would benefit from this builder software. You don’t need coding knowledge; you can build a simple website to sell online.

    Pros
    • Up to 5 pages with the free website builder
    • Free plan allows you to sell a single product
    • You can create as many websites as you like.

    Cons
    • Limited number of pages
    • Can only sell one product in your online store

    Strikingly Pricing

    Strikingly offers its free plan, which they promote as “free forever,” as well as paid plans. Paid plans open benefits like increased bandwidth, site memberships, and unlimited products.

    #10. Appy Pie: Best Small Business App Builder

    The Most Profitable Businesses to Start in 2024 - UpFlip (45)

    Most website builders are focused on building websites, but Appy Pie is a small business website builder, app builder, and NFT generator. That means you can do a lot more than website building with Appy Pie.

    This small business website builder is best for people who want no-code mobile apps or want to enter the world of crypto.

    Pros
    • No code website builder for small business
    • No-code app builder
    • No-code automation builder

    Cons
    • A relative newcomer to the website builder space
    • Slightly higher entry point than other website builders for small businesses

    Appy Pie Pricing

    Appy Pie has a free AI website builder that you can use to get started, but you’ll likely want to upgrade to a paid plan.

    Both the $18 plan and $36 plan let you convert your small business website into an Android mobile app, but you’ll need a $60-monthly app builder if you want to have an iOS app.

    #11. Renderforest: Best for Video Websites

    The Most Profitable Businesses to Start in 2024 - UpFlip (46)

    This business website creator is meant for graphic designers and video creators. However, it could also be one of the best website builders for serial entrepreneurs who use lots of video and images.

    The main focus of the website builder is providing better quality using SVG images and up to UHD 4K video.

    Pros
    • Visually stunning content
    • Great features for content creators and agencies
    • Free website builder with all plans

    Cons
    • Website builder is secondary to video tools.
    • No free domains

    Renderforest Pricing

    The free plan lets you create low-quality PNGs, three-minute HD 720p videos, and free websites with up to 30 events.

    Meanwhile, the $9.99 plan allows custom web domains, SSL encryption, and SEO and marketing functions. It also includes unlimited-length HD 720p videos and high-resolution PNGs and SVGs. The website gets 150 events.

    When you go with the $19.99 plan, you get 1080p videos, 300 events, and brand guidelines. Meanwhile, the $29.99 plan allows reselling, 4K UHD video, and unlimited website events.

    #12. Zoho Sites

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    Zoho has a full suite of apps for businesses. One of them is a website builder with a drag-and-drop interface.

    You’ll want to use the Bigin version to get the best value on a free plan, but there are so many apps built to work together that you should check out Zoho’s full suite of options.

    Pros
    • Simple drag-and-drop builder
    • Integration with other Zoho apps

    Cons
    • Limited template selection
    • It can get pricey, depending on what you need.

    Pricing

    You can get Zoho Sites, Zoho Bigin, or Zoho One to get the drag-and-drop editor. The differences are pricing structures and features.

    Sites has an $8 or $23 monthly plan for just the drag-and-drop editor.

    Zoho One is a full suite of business apps, including the drag-and-drop editor. Pricing is $45 per employee per month (with all employees) or $105 per employee per month with the flexible plan.

    Bigin is a modified version of Zoho One intended for solo entrepreneurs. It has a free, $9, and $15 monthly plan and acts as a stepping stone until you can justify Zoho One pricing.

    Best Website Builders for Small Businesses (No Free Plans)

    When you’re looking for the best website builder for small business owners, you might be better off using a paid website builder without a free plan.

    Even so, Wix, Weebly, and WordPress.com stand up to anything on this list.

    #13. Squarespace: Best for Online Payments

    The Most Profitable Businesses to Start in 2024 - UpFlip (48)

    Squarespace is Square’s website builder, which means it will work well with businesses using Square payment processing.

    Some of the higher-tier plans include a year of Google Workspace, which is helpful for business owners, but if you’re going with lower-tier plans you are better off with some of the other best website builders in this blog.

    Pros
    • eCommerce plans work seamlessly with the Square payment processor.
    • Business and eCommerce plans include a year of Google Workspace.

    Cons
    • No free plan
    • Better opportunities for lower-tier plans

    Squarespace Pricing

    Squarespace offers free trials but doesn’t have a free plan. The Personal plan for $23 per month has limited functionality and doesn’t have payment processing.

    Meanwhile, the Business plan costs $33 monthly and adds a payment processor but charges 3% above standard processing fees.

    The Commerce Basic plan is only an additional $3 monthly and removes the 3% fees. That means anyone selling more than $100 monthly from your website will benefit. Point-of-sale, Facebook and Instagram selling, and other eCommerce functionalities are available.

    The best features are in the $65-per-month Commerce Advanced plan. You can sell subscriptions, have advanced shipping and discount options, and cart recovery.

    #14. MailChimp: Best for Email Marketing

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    MailChimp is an email marketing platform. It also offers a website builder and other marketing tools and functions for a small business to start managing customer interactions.

    Pros
    • Free website builder after subscribing to email plans
    • Marketing customer relationship management (CRM)
    • Organic and paid social posting
    • Unlimited landing pages
    • Site-level reporting

    Cons
    • The web builder is a secondary consideration.
    • Cost jumps from $700 to $1,075 minimum when your mailing list exceeds 100K subscribers

    MailChimp Pricing

    The MailChimp website builder is free with all the plans.

    The way MailChimp charges is based on the number of emails in your database and the functions you receive. You can get essential marketing functions for 500 emails for free, but you’ll pay more if you want advanced automation, analytics, or a more extensive mailing list.

    #15. Mobirise

    The Most Profitable Businesses to Start in 2024 - UpFlip (50)

    Most of the best website builders are cloud-hosted by the web builder. Mobirise is a desktop app with a free website builder included. They will be releasing an AI website builder in the future.

    Like WordPress.org, you’ll be responsible for choosing a web host (Mobirise being an option) and obtaining a custom domain name.

    Pros
    • Create a small business website without the internet
    • Choose your preferred web host

    Cons
    • More decisions to make
    • Costs can add up if you don’t buy the Mobirise Website Builder Kit

    Mobirise Pricing

    The pricing for Mobirise is free, but your small business website will likely need paid add-ons like templates or blocks that make the free website builder easier to use.

    There are over 9,300 blocks, and the Website Builder Kit would be valued up to $9,662 if you bought each add-on separately, but they sell it for $149.

    #16. GetResponse: Best Built-In Marketing Tools

    The Most Profitable Businesses to Start in 2024 - UpFlip (51)

    GetResponse is similar to MailChimp where it is focused on improving your business’s lead response rate. A free website builder and landing page builder are included with all plans.

    This website builder is another add-on to marketing automations—just with a better rating than MailChimp. But GetResponse is less known than MailChimp, which means fewer people will be able to advise you on how to use the software.

    Pros
    • All plans include free web builder and landing page builder
    • Premium plan is less expensive than MailChimp’s
    • Marketing automation is crucial for business growth
    • Better Trustpilot ratings than MailChimp

    Cons
    • No completely free plan
    • People aren’t as familiar with this offering as many of the best website builder

    GetResponse Pricing

    There are three pricing tiers: email marketing ($19 per month), marketing automation ($59 per month), and eCommerce marketing ($119 per month) for 1,000 emails. You can increase the number of emails for an additional cost.

    GetResponse offers an 18% discount for annual plans and a 30% discount for two years paid up front.

    #17. HostGator

    The Most Profitable Businesses to Start in 2024 - UpFlip (52)

    HostGator is a website hosting platform that offers a website builder as well. HostGator offers some features, like the link-in-bio tool, that other top website builders don’t.

    There are numerous complaints about the features that are unique to this web-building platform, so I’d be hesitant about using it.

    Pros
    • Link-in-bio tool
    • Social media scheduling application
    • Low-cost plans

    Cons
    • No completely free web builder
    • Lots of recent complaints about some of the features

    HostGator Pricing

    There are four plans for the HostGator Website Builder:

    • Website: For $4.84 per month, you get a basic website builder and custom domain name, plus Google verification and analytics integration.
    • Website+Marketing: You get everything in the website package, plus appointment setting and lots of marketing tools such as CRM, marketing calendars, QR code generators, and more. It only costs $7.95 per month.
    • Online Store: Add a mobile-responsive store and QuickBooks integration in this $13.95 monthly package.
    • Online Marketplaces: For $19.95 you get everything previously listed plus features like marketplace selling, fulfillment automation, barcode creation, and more.

    #18. Shopify: Best eCommerce Website Builder

    The Most Profitable Businesses to Start in 2024 - UpFlip (53)

    Shopify’s eCommerce features are some of the best in the business. You’ll get a free trial with Shopify, which is pretty standard among the best eCommerce website builders, but you can’t run your website completely free.

    Shopify has its own codebase, so if you’ve worked with a developer for other website builders, they might not be familiar with Shopify code.

    Pros
    Robust eCommerce features: Shopify is known for its extensive range of eCommerce functionalities, making it suitable for businesses of all sizes.
    Scalability: It's highly scalable, allowing for site growth as your business expands.
    Large app store: Shopify has a vast app store with a wide range of third-party integrations and add-ons.
    Mobile optimization: Shopify provides a mobile app for managing your store on the go.
    Abandoned cart recovery: This feature, which is crucial for recovering potentially lost sales, is available even on the basic plan.

    Cons:
    Transaction fees: Shopify charges transaction fees if you don't use their in-house payment gateway, Shopify Payments.
    Costs can add up: While the basic plan is reasonable, additional apps and services can increase costs.

    Shopify Pricing

    Shopify is one of the best website builders for small businesses. It has three plans for an online store: Basic ($39), Shopify ($105), and Advanced ($399). The main differences in the plans are transaction fees and the number of users who manage your small business website.

    Jazmin Richards discusses how she uses Shopify in the video below:

    https://www.youtube.com/watch?v=UzZ5aTbiLh0

    #19. BigCommerce

    BigCommerce uses the same pricing strategy as Shopify, but there’s a catch: There’s a limit to the amount of transactions you can use in each plan.

    You can run multiple stores from a single BigCommerce plan, which makes it excellent for serial entrepreneurs.

    It’s meant to have a lot of functionality, but anytime software adds additional functionality, that means more of a learning curve.

    Pros
    Powerful eCommerce capabilities: BigCommerce offers robust eCommerce features and is suitable for both small and large businesses.
    No transaction fees: BigCommerce doesn't charge transaction fees, which can save money for high-volume businesses.
    Flexible design: It provides a more flexible design framework compared to Shopify.
    Multi-channel selling: Integrates with various sales channels, like Amazon, eBay, and social media platforms.

    Cons
    Learning curve: While it offers more flexibility, it might have a steeper learning curve compared to Weebly or Shopify.
    Pricing: BigCommerce is a bit pricier than Weebly, especially for larger businesses.

    BigCommerce Pricing

    BigCommerce pricing ranges from $39 to $399. The $39 monthly plan offers three online stores, the $105 monthly plan offers five online stores, and the highest tier offers eight unique storefronts.

    There’s also an enterprise plan with much more support than the other plans.

    We’ve discussed the most popular website builders. After you choose the website builder software you prefer, you’ll want to understand the website-building process.

    How to Build a Website for Free

    Here's a step-by-step guide to help with your site building:

    1. Define your purpose and goals.
    2. Choose a website builder.
    3. Sign up and orient yourself.
    4. Select a template.
    5. Customize your website.
    6. Preview and test it.
    7. Optimize it for mobile.
    8. Consider setting up a custom domain.
    9. Publish your website.
    10. Promote your website.
    11. Regularly update and maintain it.

    Define Your Purpose and Goals

    Before you start building your website, you should determine what you want it to achieve. Some of the things you might want to use a website builder for include:

    • Showcasing a portfolio
    • Writing a personal blog
    • Running an online store
    • Collecting customer contact information
    • Scheduling appointments
    • Collecting payments

    Additionally, every business should aim to have a fast website on both desktop and mobile devices. LiquidBlox’s comparison of website builder loading speeds can give you a good idea of which builders perform well.

    Choose a Website Builder

    You’ll want to choose the best website builder for you. For help making your choice, consider your purpose and goals and read our reviews above.

    Remember, the best website builder is the one that helps you build your ideal business website as easily and effectively as possible.

    Sign Up and Orient Yourself

    The Most Profitable Businesses to Start in 2024 - UpFlip (54)

    Next, you’ll want to create an account with the website builder you’ve chosen.

    All the website platforms are a little different, so you’ll want to take their walkthroughs, read their “help” sections, and so on.

    Select a Template

    Most website builders have templates that make it easier to create your website. You should choose one that aligns with your vision for your site.

    Small business owners should choose a template based on qualities like:

    • Layout: The layout is how the page looks to the user. You want your site to be laid out intuitively.
    • Predesigned pages: Website templates should have at least a home page, an About Us page, service pages (which explain what your business offers), and a Contact page. If you’re running an online store, you’ll also want category pages and product pages. Make sure there is a template for each page you want.

    Customize Your Website

    Modify the template to suit your needs. In addition to customizing things like font and color, you’ll want to add content, select necessary plugins or apps, and configure your settings.

    Add Content

    You have all of your page templates, so now you need to add your content to each of the pages. You’ll need to leverage text, images, and videos to help your company stand out from other small businesses.

    Make sure to review high-performing competitors’ websites to see what your customers will expect.

    Start with the text. Go to each page and make its purpose and message clear. Consider paying a writer and an editor, respectively, to craft the content and smooth out any rough edges.

    Then, upload your media. Before you replace any images and videos from the templates, check to see the size of the files and the type of files that are used. This will help you understand the types of files you can upload without harming site speed. Any deviation will likely result in a less user-friendly experience.

    Check out our step-by-step tutorial on cleaning business websites for examples of how service businesses can approach website building.

    Add Necessary Plugins or Apps

    The Most Profitable Businesses to Start in 2024 - UpFlip (55)

    Your small business website builder might support apps or plugins to help build website functionality. Any WordPress site will normally be using several of these.

    Be careful with them. Plugins and apps add advanced features to your existing website functionality, but they also slow it down and can present security vulnerabilities.

    Configure the Settings

    You’ll also be able to adjust your domain name, SEO settings, and privacy settings.

    Your SEO settings include your site’s domain name, URL, and meta description (which describes your site to search engine users). To help you optimize these settings, I highly recommend the HubSpot Academy SEO course for all small business owners.

    Privacy settings will need to be adjusted and disclosed. Every location varies about what you have to disclose, but the simplest way to deal with privacy is to use GDPR settings to meet the strictest privacy laws.

    Preview and Test

    Preview your website to ensure everything looks and functions as expected.

    Website building requires making the website look good on a variety of screen sizes. Check how the website functions on traditional computer screens as well as both landscape and portrait mode on phones and tablets.

    Optimize It for Mobile

    While you are previewing your website, you may notice that your site-building efforts didn’t work as you intended for mobile devices. Make sure to fix anything that is not mobile-friendly, as 55% of web traffic and 61% of online store sales come from mobile devices.

    Consider Setting Up a Custom Domain

    The Most Profitable Businesses to Start in 2024 - UpFlip (56)

    If you want to have your own domain name, some platforms offer the option to purchase or connect one. Small businesses look more professional with a custom domain rather than a subdomain.

    Business website builders will normally offer a subdomain with their free tiers, but a premium plan will allow you to add a custom domain and it is highly suggested when you promote and sell online.

    Follow the directions on your site builder to add your custom domain name.

    Publish Your Website

    Once you're satisfied with the look and content, it's time to click “Publish.”

    Promote Your Website

    You’ll want to share your website on social media and company directories. You’ll also want to ask friends and family to share it to help you get more awareness.

    There are numerous marketing strategies to help increase your visitors and customers. Consider optimizing your website for search engines and collecting emails to use in email marketing campaigns.

    Regularly Update and Maintain It

    Keep your website fresh by adding new content and updating the web pages as technology improves and trends shift. For those of you posting blogs, it's also helpful to respond to comments.

    What is the best overall website builder for small businesses?

    The Most Profitable Businesses to Start in 2024 - UpFlip (57)

    Weebly is the best website builder for businesses when you consider its free plan, premium features, and other offerings. The fact you can get started with its eCommerce tools for free and then grow into bigger plans is a huge plus.

    What is the best free website builder for small businesses?

    You can't go wrong with Wix when you’re looking for a user-friendly interface, SEO and analytics tools, and web hosting in a single location.

    The free version is a great place to start, but the features get even better as you invest in the paid plans.

    What is the best eCommerce website builder?

    The Most Profitable Businesses to Start in 2024 - UpFlip (58)

    It’s hard to find a consensus on the best eCommerce site builder. Positive reviews are fairly evenly divided between the following:

    • Shopify
    • Weebly
    • Wix
    • BigCommerce

    I would suggest playing with each to see which you like best. Ultimately, you have to choose what works best for your business.

    The good news is that Weebly and Wix allow a simple website to start. At the same time, the other website builders allow free trials. That means you can test each web builder before deciding which one to use for your eCommerce website.

    Which of the best website builders have you tried?

    Whether they want a robust online store or a free one-page destination, small business owners have plenty of options for building their websites.

    Which website builders have you used? Did you like them? Are there any website builders you would like us to review? Let us know in the comments below.

    Business ideas

    Comments

    The Most Profitable Businesses to Start in 2024 - UpFlip (59)

    jason@2024-04-21 23:07:50

    ok, it is good idea, it can help me.thank youhttps://cncpartsxtj.com/

    The Most Profitable Businesses to Start in 2024 - UpFlip (60)

    Aniruddha@2024-02-04 19:31:10

    I want to start Event Management Buisness in India, requirement to start the buisness, how to run and profited marzine

    The Most Profitable Businesses to Start in 2024 - UpFlip (61)

    Shema@2024-01-21 10:01:38

    I'm college student wishing to have first business idea to be funded by our college, can you help?

    The Most Profitable Businesses to Start in 2024 - UpFlip (62)

    Shema@2024-01-21 09:56:09

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    The Most Profitable Businesses to Start in 2024 - UpFlip (63)

    Serrunkuma Allan@2024-01-13 02:31:06

    I want to start a business

    The Most Profitable Businesses to Start in 2024 - UpFlip (64)

    Ringu@2023-11-15 03:42:56

    There's more profitable business : The scientifical publication domain is about +31% marging and scamming everyone. Not paying anyone and make profit on volunteers, so of course this domain is more profitable than any other domain.

    The Most Profitable Businesses to Start in 2024 - UpFlip (65)

    Dea Amanda@2023-08-28 06:25:46

    The most profitable business to start in 2023 depends on various factors, such as interest, expertise, capital and market demand. However, some businesses that are predicted to remain profitable in the future are online businesses such as e-commerce, food and beverage businesses, and technology businesses such as application and software development.

    The Most Profitable Businesses to Start in 2024 - UpFlip (66)

    Ruhul Amin@2023-08-25 20:09:29

    Great information guys, very nice sharing thanks

    The Most Profitable Businesses to Start in 2024 - UpFlip (67)

    World Startup Convention@2023-03-14 01:23:17

    "24-26 March, 2023 at India Expo Centre & Mart World Startup Convention is the world’s largest startup funding festival to be hosted in India that aims to bring together growth-minded entrepreneurs and investors across the globe to put their energies together and move to the next level. 50 Countries, 75000+ Startups, 1500+ VCs, 9000+ Angels and much more #AbFundingKiBaariHai"

    The Most Profitable Businesses to Start in 2024 - UpFlip (68)

    selena emani@2022-09-30 01:20:27

    Leverage the technical expertise of our highly skilled iOS app developers to build innovative iOS applications that help your business reach new heights. At Mobisoft, you can hire iOS app developers part-time, full-time, or on contract to take your idea to the next level.

    The Most Profitable Businesses to Start in 2024 - UpFlip (69)

    Brandon Boushy@2022-10-13 16:16:39

    Hi Selena, We’re glad you enjoy our content! Unfortunately, we try to keep the comments clear of links that have not been approved. If you would like to share what you do, you can fill out a more extensive member profile or fill out our interview form: https://www.upflip.com/youtube-questionnaire

    The Most Profitable Businesses to Start in 2024 - UpFlip (70)

    John@2022-09-15 21:51:26

    Hello,perfect blog!! we can start Alcohol Delivery app as a business as huge profitable business with brand visibality.

    The Most Profitable Businesses to Start in 2024 - UpFlip (71)

    Brandon Boushy@2022-10-13 16:33:12

    John, Alcohol delivery is definitely something that is highly profitable. When I delivered UberEats and DoorDash, I would sometimes get alcohol runs. They were normally the most profitable runs. If you decide to start this business, I would recommend getting experience with the other delivery services to see what they do poorly and improve the service.There are extra considerations for starting any kind of business that involves the Bureau of Alcohol, Tobacco, Firearms and Explosives(ATF) or similar foreign agencies. If you are in the U.S, make sure to talk to the ATF, local health district, and state regulatory offices because 30+ states have 3rd party laws about alcohol sales.We'd love to hear more about your experience.

    The Most Profitable Businesses to Start in 2024 - UpFlip (72)

    Sam@2022-08-26 21:43:07

    Oh. Just become a doctor. Brilliant!

    The Most Profitable Businesses to Start in 2024 - UpFlip (73)

    Brandon Boushy@2022-10-13 17:03:34

    Sam, I'm not saying it's easy, but I can't ignore careers like lawyers and doctors that can make a great living. Some people love medicing and are willing to go through the years of school to become a doctor. I hope you found others that were more to your liking.

    The Most Profitable Businesses to Start in 2024 - UpFlip (74)

    Kindalem Minasie@2022-08-09 07:11:38

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    The Most Profitable Businesses to Start in 2024 - UpFlip (75)Join our 45,000+ entrepreneurs

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