20 Business Ideas That Are Trending in 2024 and Have a Great 5 Year Outlook

Starting a business in 2024 can be one of the most rewarding and life-changing decisions you’ll ever make. With technological advancements and shifting consumer needs, there are numerous low-investment business ideas that are expected to thrive over the next five years. Below is a carefully researched guide to 20 trending business ideas for 2024, along with statistics and real-life examples to help you decide which one is right for you.  

Top Businesses in 2024 according to research and 5 year outlook

1. How Can I Make Money by Starting a Sustainable Products e-Store? Read More
2. Why Is Digital Marketing Consulting Booming in 2024? Read More
3. Are Personal Fitness Coaches Still in High Demand Post-Pandemic? Read More
4. Is Freelance Content Writing a Profitable Business? Read More
5. How Can Starting an Online Education Platform Be a Great Business Opportunity? Read More
6. Why Should You Consider Launching an AI-Powered Chatbot Business? Read More
7. Is E-commerce Store for Local Products a Good Idea? Read More
8. How Do Subscription Box Businesses Continue to Thrive? Read More
9. Why Are Virtual Event Planning Services in High Demand? Read More
10. Are Online Mental Health Counseling Services a Business to Consider? Read More
11. How Can Podcasting Be Turned into a Profitable Venture? Read More
12. Is Web Design Still a Lucrative Business in 2024? Read More
13. Why Should You Consider Starting a Remote HR Consulting Service? Read More
14. How Can Sustainable Fashion Reselling Be a Winning Business Idea? Read More
15. What Makes a YouTube Channel a Low-Investment Business? Read More
16. Is Food Delivery from Cloud Kitchens Still a Trending Business? Read More
17. How Can You Profit from Opening a Pet Services Business? Read More
18. Why Are Custom Home Decor and DIY Craft Stores Popular? Read More
19. Can You Build a Profitable Business Around Online Tutoring? Read More
20. How Are Smart Home Installation Services a Future-Proof Business? Read More

1. How Can I Make Money by Starting a Sustainable Products Store?

Answer: With increasing environmental consciousness, more consumers are opting for eco-friendly products. A store focused on sustainable goods, such as reusable items, zero-waste products, or biodegradable materials, is expected to see steady growth over the next five years.

Statistics and Research: According to a report by Statista, the global market for sustainable products is expected to reach $150 billion by 2025, with a projected compound annual growth rate (CAGR) of 9.4%. This rise is driven by consumer demand for eco-friendly alternatives to everyday products.

Real-Life Example: A successful example is Package Free Shop, an online store founded by Lauren Singer, which offers zero-waste products. Their eco-friendly approach has garnered significant attention, leading to over $10 million in sales.

Tip: Launch your sustainable products store with FreeWebsiteSite.com, which offers a free domain, customizable templates, and powerful e-commerce tools to help you showcase your products.

2. Why Is Digital Marketing Consulting Booming in 2024?

Answer: With businesses increasingly moving online, many are seeking digital marketing expertise to boost their online presence. As a digital marketing consultant, you can help companies grow through SEO, social media marketing, and content creation strategies.

Statistics and Research: The digital marketing industry is projected to grow from $350 billion in 2020 to $786 billion by 2026, driven by the ongoing shift to digital channels.

Real-Life Example: Neil Patel is a well-known digital marketing consultant who has helped businesses of all sizes grow their online reach. His website, NeilPatel.com, attracts over 7 million visitors annually, proving the demand for digital marketing expertise.

Tip: With FreeWebsiteSite.com, you can create a professional website to showcase your digital marketing services, complete with SEO tools and integrations for social media campaigns.

3. Are Personal Fitness Coaches Still in High Demand Post-Pandemic?

Answer: Absolutely! The demand for personal fitness coaches remains strong as people increasingly focus on health and wellness. Virtual coaching sessions have also become popular, enabling you to work with clients from around the world.

Statistics and Research: The global fitness industry is expected to grow at a CAGR of 4.3% from 2023 to 2028, fueled by demand for personalized fitness experiences.

Real-Life Example: Personal trainer Kayla Itsines built her brand entirely online, offering workout plans and nutrition advice through her website. Her app, Sweat, generates millions of dollars in revenue annually.

Tip: FreeWebsiteSite.com makes it easy to start your own fitness coaching website, featuring tools for scheduling, client management, and even virtual training sessions.

4. Is Freelance Content Writing a Profitable Business?

Answer: Yes! With the increasing need for high-quality content in digital marketing, freelance content writers are in demand. Companies are willing to pay for blogs, social media posts, and web copy to drive engagement and sales.

Statistics and Research: The freelance content writing market was valued at $1.2 billion in 2022, and it's expected to grow by 14.2% by 2027 due to rising demand for content.

Real-Life Example: Elna Cain is a successful freelance writer who offers writing services and courses on how to become a freelance writer. Her website, ElnaCain.com, has helped her generate a steady income.

Tip: FreeWebsiteSite.com provides easy-to-use templates that help writers build a portfolio site, complete with blogging tools and contact forms to attract potential clients.

5. How Can Starting an Online Education Platform Be a Great Business Opportunity?

Answer: Online education has boomed post-pandemic, and platforms that offer specialized skills or courses have seen tremendous success. You can create a platform offering lessons in anything from coding to graphic design.

Statistics and Research: The global e-learning market is projected to reach $457.8 billion by 2026, growing at a CAGR of 14.6%. This growth is driven by the rising demand for online education solutions.

Real-Life Example: Skillshare is a popular online education platform where individuals offer courses in creative skills. It has grown to over 12 million users and generates substantial revenue.

Tip: FreeWebsiteSite.com allows you to launch your online education platform with features like online course creation, video hosting, and student management tools.

6. Why Should You Consider Launching an AI-Powered Chatbot Business?

Answer: AI-powered chatbots are in high demand as businesses seek ways to automate customer service and engagement. You can offer chatbot development services for small businesses to improve customer experience and increase efficiency.

Statistics and Research: The chatbot market is expected to grow to $9.4 billion by 2024, with businesses investing in AI technology to streamline operations.

Real-Life Example: Drift is a company that specializes in AI-powered chatbots for sales and marketing, and it has grown rapidly due to its innovative solutions for automating business processes.

Tip: FreeWebsiteSite.com offers an easy way to create a professional website for your chatbot business, complete with integration options for AI tools.

7. Is an E-commerce Store for Local Products a Good Idea?

Answer: Yes, especially with the increasing emphasis on supporting local businesses. An e-commerce store that sells locally-made products can cater to consumers looking for unique and sustainable goods.

Statistics and Research: According to a report by Oberlo, e-commerce is projected to make up 24% of total retail sales worldwide by 2026, providing plenty of opportunities for new online businesses.

Real-Life Example: Made in KC, an e-commerce store that sells Kansas City-based products, has seen significant success due to its focus on promoting local businesses.

Tip: FreeWebsiteSite.com offers the perfect platform to launch your local e-commerce store, with tools for managing inventory, processing payments, and optimizing your site for search engines.

8. How Do Subscription Box Businesses Continue to Thrive?

Answer: Subscription boxes have been a growing trend, offering curated experiences in categories like beauty, fitness, or food. With a low upfront investment, you can start a subscription service catering to niche markets.

Statistics and Research: The subscription box industry is expected to grow to $65 billion by 2025, with over 70% of consumers subscribing to at least one box service.

Real-Life Example: FabFitFun is a subscription box service that has grown tremendously, offering beauty, fashion, and fitness products. The company has over 1 million active subscribers.

Tip: FreeWebsiteSite.com offers customizable e-commerce features that make it easy to manage subscriptions, recurring payments, and customer engagement for your subscription box business.

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9. Why Are Virtual Event Planning Services in High Demand?

Answer: As businesses shift to virtual meetings, conferences, and webinars, the demand for virtual event planners has skyrocketed. Virtual events are cost-effective, scalable, and can reach global audiences, making this a great business opportunity. With minimal upfront costs, you can launch a virtual event planning service from home and cater to small businesses, corporations, or even personal events like weddings and parties.

Statistics and Research: According to a report by Market Research Future, the virtual event industry is expected to grow at a CAGR of 23.2% from 2021 to 2028, reaching $771.2 billion. As remote work becomes the norm, companies increasingly invest in virtual events to connect with clients and employees.

Real-Life Example: Hopin, a platform that hosts virtual events, saw a surge in growth during the pandemic. The company quickly reached a valuation of over $5 billion by providing virtual event solutions for businesses globally.

Tip: FreeWebsiteSite.com offers a seamless platform for launching your virtual event planning business. With built-in scheduling tools, payment gateways, and integration for video conferencing tools, it's the ideal solution for attracting clients and managing events online.

10. Are Online Mental Health Counseling Services a Business to Consider?

Answer: The mental health crisis has grown significantly, and telehealth services are now more accepted than ever. If you're a licensed counselor or therapist, starting an online mental health counseling service can be a highly rewarding and scalable business idea.

Statistics and Research: A study from Grand View Research shows that the global telehealth market is expected to reach $559.52 billion by 2027, driven by the increased demand for virtual mental health services.

Real-Life Example: BetterHelp is a popular online therapy platform that has grown rapidly due to the increasing demand for online counseling. It now serves over 2 million clients.

Tip: With FreeWebsiteSite.com, you can launch your online counseling service and manage appointments, client communication, and confidential data securely—all from one platform. With SSL security and appointment scheduling features, you’ll be ready to grow your mental health business with ease.

11. How Can Podcasting Be Turned into a Profitable Venture?

Answer: Podcasting has become a mainstream content medium, and many successful podcasters monetize their shows through sponsorships, ads, and listener donations. With a minimal initial investment in equipment and hosting, starting a podcast can be a lucrative business idea for those who enjoy creating engaging audio content.

Statistics and Research: Edison Research reports that over 100 million Americans listen to podcasts monthly, and the podcast advertising market is expected to surpass $2 billion by 2024.

Real-Life Example: Joe Rogan’s podcast, "The Joe Rogan Experience," became so successful that Spotify signed a $100 million deal to exclusively host the show.

Tip: FreeWebsiteSite.com makes it easy to start a podcasting website, where you can showcase episodes, host audio files, and even set up subscription-based access for premium content.

12. Is Web Design Still a Lucrative Business in 2024?

Answer: Yes, web design remains a profitable business in 2024 as more companies and individuals seek to establish an online presence. Whether you focus on small businesses, entrepreneurs, or niche markets like restaurants, web designers are always in demand. This is especially true as more people need websites optimized for mobile, SEO, and e-commerce functionality.

Statistics and Research: According to IBISWorld, the web design industry in the U.S. is expected to grow at an annual rate of 6.6% from 2020 to 2025. The increasing importance of digital marketing and e-commerce drives this demand.

Real-Life Example: Design studio Big Drop Inc. started as a small web design business and has grown to serve clients like Samsung and Activision. Their success story proves that web design services remain a strong business model.

Tip: FreeWebsiteSite.com is perfect for freelance web designers to build a portfolio website, showcase work, and attract clients. Use FreeWebsiteSite's drag-and-drop builder to create a professional web design portfolio without any coding knowledge.

13. Why Should You Consider Starting a Remote HR Consulting Service?

Answer: With remote work becoming the new norm, many businesses are turning to remote HR consulting services to handle recruitment, employee training, and compliance from afar. If you have experience in HR, this business model offers the flexibility of working from home while providing critical services to growing companies.

Statistics and Research: The HR consulting industry is expected to reach $31 billion by 2026, according to Statista. As companies face evolving labor laws and remote workforce challenges, HR consulting has become a vital service.

Real-Life Example: Remote-based HR consulting firm Workology specializes in providing HR services to tech companies and startups. They have built a robust client base by offering scalable solutions for growing teams.

Tip: FreeWebsiteSite.com offers all the tools you need to create a professional HR consulting website, including lead capture forms, secure client portals, and integrations with payment processors for invoicing clients.

14. How Can Sustainable Fashion Reselling Be a Winning Business Idea?

Answer: The resale market for sustainable fashion is booming, as consumers seek eco-friendly alternatives to fast fashion. You can start a business reselling second-hand or sustainably produced clothing online with low upfront costs and help reduce the environmental impact of the fashion industry.

Statistics and Research: According to ThredUp's Resale Report, the second-hand clothing market is expected to reach $77 billion by 2025, growing 11 times faster than the broader fashion retail industry.

Real-Life Example: The RealReal, a luxury consignment site, became a multi-billion-dollar business by reselling high-end fashion products online, proving the viability of the sustainable fashion resale market.

Tip: FreeWebsiteSite.com makes it easy to create an e-commerce website for sustainable fashion reselling. You can list products, manage inventory, and integrate payment gateways—all with eco-conscious design templates.

15. What Makes a YouTube Channel a Low-Investment Business?

Answer: Starting a YouTube channel requires minimal upfront investment, and with the right niche, you can monetize through ads, sponsorships, affiliate marketing, or selling your own products. Topics like tech reviews, fitness, and education tend to draw large audiences, making YouTube an excellent platform for content creators.

Statistics and Research: YouTube has over 2 billion monthly active users, and its advertising revenue alone surpassed $28 billion in 2023, making it one of the most lucrative platforms for content creators.

Real-Life Example: Marques Brownlee (MKBHD) started reviewing gadgets on YouTube and has since grown his channel to over 18 million subscribers, earning significant income from ads and sponsorships.

Tip: FreeWebsiteSite.com can help you build a website to complement your YouTube channel, offering a hub for your videos, exclusive content, and merchandise sales.

16. Is Food Delivery from Cloud Kitchens Still a Trending Business?

Answer: Yes, cloud kitchens—restaurants that operate without a physical dining space—continue to grow in popularity as food delivery services thrive. This model allows entrepreneurs to enter the food industry with lower overhead costs compared to traditional restaurants.

Statistics and Research: The global cloud kitchen market is expected to reach $112.53 billion by 2028, according to Allied Market Research. This growth is driven by increased demand for food delivery services.

Real-Life Example: Rebel Foods, a cloud kitchen company from India, has grown to become one of the largest virtual restaurant chains, operating over 300 cloud kitchens worldwide.

Tip: FreeWebsiteSite.com provides all the tools needed to launch a cloud kitchen’s website, including integrated online ordering systems and SEO features to help your food business stand out in search results.

17. How Can You Profit from Opening a Pet Services Business?

Answer: With more people owning pets, there's an increasing demand for pet services such as grooming, training, and walking. If you're passionate about animals, starting a pet services business is a low-investment option that can be run from home or a small facility.

Statistics and Research: The pet care industry in the U.S. is expected to surpass $300 billion by 2030, as more pet owners spend on premium care services for their furry companions.

Real-Life Example: Rover, a popular platform for pet sitting and dog walking, has grown exponentially, allowing pet lovers to earn money by offering pet services locally.

Tip: With FreeWebsiteSite.com, you can easily build a website to advertise your pet services business, showcasing reviews, services offered, and booking options.

18. Why Are Custom Home Decor and DIY Craft Stores Popular?

Answer: As more people personalize their living spaces, custom home decor and DIY crafts have become popular business ideas. You can offer handmade or custom-designed items through an online store, targeting consumers looking for unique pieces that reflect their style.

Statistics and Research: The home decor market is projected to grow to $839.2 billion by 2027, with the DIY craft market growing alongside it as consumers seek personalized decor options.

Real-Life Example: Etsy is a global marketplace where sellers offer handmade and custom items, and it has grown to over 95 million active buyers.

Tip: FreeWebsiteSite.com offers everything you need to launch your DIY craft or home decor store, with customizable templates, e-commerce tools, and marketing integrations.

19. Can You Build a Profitable Business Around Online Tutoring?

Answer: Absolutely! With the shift to online education, there is a growing demand for tutors in various subjects, including math, science, languages, and standardized test preparation. If you're an expert in a particular subject, online tutoring offers a flexible and scalable business opportunity with minimal startup costs. You can conduct live tutoring sessions or create recorded lessons for students to access at their convenience.

Statistics and Research: The online tutoring market is expected to grow at a CAGR of 14.7%, reaching $20 billion by 2026, according to a report by Technavio. The increase in demand for personalized learning solutions and the growth of e-learning platforms have contributed to this rise.

Real-Life Example: Preply is an online tutoring marketplace where language tutors connect with students worldwide. The platform has expanded rapidly, reaching over 100,000 students globally.

Tip: FreeWebsiteSite.com makes it simple to create a professional tutoring website with features such as integrated scheduling, payment processing, and video hosting, enabling you to offer both one-on-one and group lessons online.

20. How Are Smart Home Installation Services a Future-Proof Business?

Answer: As technology continues to advance, more consumers are looking to upgrade their homes with smart devices. Smart home installation services, which include installing devices like smart thermostats, security cameras, and lighting systems, are expected to see continued growth. This business requires some technical expertise but has a relatively low startup cost and can be scaled as demand increases.

Statistics and Research: The global smart home market is projected to reach $622 billion by 2030, growing at a CAGR of 27%, according to Allied Market Research. This growth is driven by the increasing adoption of IoT (Internet of Things) devices in residential properties.

Real-Life Example: Vivint is a well-known smart home installation company that has seen exponential growth by offering comprehensive smart home solutions, including security systems, doorbell cameras, and automation services.

Tip: FreeWebsiteSite.com allows you to quickly launch a website for your smart home installation business with service booking features, customer reviews, and a blog to educate potential clients on smart home technologies.

Bonus Section: AI Tools to Boost These Business Ideas

In 2024, leveraging AI tools can greatly enhance efficiency, improve customer experience, and increase the profitability of your business. Here’s a list of AI tools that can be used across various business models, alongside how they can be seamlessly integrated with FreeWebsiteSite.com to boost your operations.

1. Jasper (Formerly Jarvis) – Content Creation Tool

• Use for: Digital Marketing Consulting, Freelance Content Writing, Podcasting, YouTube Channel, Online Tutoring
• How It Helps: Jasper is an AI content generation tool that helps you create high-quality blog posts, social media content, and even video scripts quickly. As a business owner, you can use Jasper to generate SEO-optimized content that ranks higher in search engines.
• Integration with FreeWebsiteSite.com: Use Jasper’s content to populate your FreeWebsiteSite.com blog and marketing pages with engaging content to drive more traffic and convert visitors into clients.

2. Grammarly – AI-Powered Proofreading

• Use for: Freelance Content Writing, Online Education Platforms, Digital Marketing Consulting, Online Tutoring
• How It Helps: Grammarly helps ensure your written content is polished, clear, and professional. Whether you're writing articles, website copy, or lesson materials, Grammarly can save time by automatically checking grammar, spelling, and style.
• Integration with FreeWebsiteSite.com: Grammarly’s browser extension can help ensure the content on your FreeWebsiteSite.com pages is error-free, boosting credibility and professionalism.

3. Canva – Design Tool with AI Features

• Use for: Web Design, Subscription Box Businesses, E-commerce Stores, Smart Home Installation Services, Custom Home Decor Businesses
• How It Helps: Canva is a design tool that helps you create stunning visuals for your website, social media, and marketing materials. Its AI-powered design suggestions make it easy for non-designers to create professional-looking graphics.
• Integration with FreeWebsiteSite.com: Use Canva to design banners, product images, and promotional materials for your FreeWebsiteSite.com store or portfolio, improving your visual appeal and branding.

4. ChatGPT – AI Chatbot for Customer Support

• Use for: Virtual Event Planning Services, Subscription Box Businesses, E-commerce Stores for Local Products, Online Counseling Services
• How It Helps: ChatGPT is a powerful AI chatbot tool that can handle customer inquiries, help with bookings, and provide 24/7 support. By automating customer interaction, you can focus on other aspects of your business.
• Integration with FreeWebsiteSite.com: Use FreeWebsiteSite.com to embed ChatGPT on your site as a virtual assistant, improving customer experience by answering FAQs, scheduling consultations, and assisting with purchases.

5. Zoho CRM – AI-Powered Customer Relationship Management

• Use for: Digital Marketing Consulting, Online Tutoring, Virtual Event Planning, Remote HR Consulting
• How It Helps: Zoho CRM uses AI to manage leads, track customer interactions, and automate follow-ups. For businesses that rely on building relationships with clients, this tool streamlines operations and ensures no opportunity is missed.
• Integration with FreeWebsiteSite.com: With FreeWebsiteSite.com, you can integrate Zoho CRM to capture leads through contact forms and manage your client database efficiently.

6. Tidio – AI-Powered Live Chat for E-Commerce

• Use for: E-commerce Stores, Subscription Box Businesses, Sustainable Fashion Reselling, Custom Home Decor, Cloud Kitchens
• How It Helps: Tidio is an AI-powered live chat tool specifically designed for e-commerce businesses. It offers live customer support, automates responses, and helps increase sales conversions by providing instant assistance.
• Integration with FreeWebsiteSite.com: Embed Tidio’s live chat feature into your FreeWebsiteSite.com e-commerce store to engage customers, answer questions, and provide real-time support that encourages purchases.

7. HubSpot – AI Marketing and Sales Automation

• Use for: Digital Marketing Consulting, Virtual Event Planning, Subscription Box Businesses, E-commerce Stores
• How It Helps: HubSpot offers AI-powered marketing automation tools that help you track customer interactions, send targeted email campaigns, and analyze marketing data to optimize your efforts.
• Integration with FreeWebsiteSite.com: Connect HubSpot to your FreeWebsiteSite.com platform to automate marketing campaigns, capture leads, and nurture prospects through the sales funnel.

8. Lumen5 – AI Video Creation Tool

• Use for: YouTube Channel, Podcasting, Freelance Content Writing, Online Education Platforms
• How It Helps: Lumen5 uses AI to convert blog posts, articles, and other text content into engaging videos, ideal for social media or video marketing. This tool is perfect for businesses looking to repurpose their written content for different formats.
• Integration with FreeWebsiteSite.com: Use Lumen5 to create videos for your FreeWebsiteSite.com blog or landing pages, enhancing your content and improving engagement.

9. Otter.ai – Transcription Tool for Video and Podcasts

• Use for: Podcasting, Online Tutoring, Online Education Platforms, YouTube Channel
• How It Helps: Otter.ai automatically transcribes audio and video content into text, which is useful for creating transcripts, closed captions, or written summaries for your videos and podcasts.
• Integration with FreeWebsiteSite.com: Upload transcripts or show notes from Otter.ai to your FreeWebsiteSite.com blog to improve SEO and provide accessible content for your audience.

10. Hootsuite – AI-Powered Social Media Management

• Use for: Digital Marketing Consulting, Freelance Content Writing, Subscription Box Businesses, Web Design, YouTube Channels
• How It Helps: Hootsuite uses AI to help businesses schedule, manage, and analyze social media campaigns. You can track engagement, find the best times to post, and automate social media publishing.
• Integration with FreeWebsiteSite.com: Link your FreeWebsiteSite.com blog or store to Hootsuite to drive traffic through social media campaigns and analyze which posts bring the most visitors.

By combining the powerful capabilities of AI tools with the customizable and feature-rich platform provided by FreeWebsiteSite.com, you can set up, manage, and scale your business with ease. Whether you're offering a service, selling products, or creating content, FreeWebsiteSite.com gives you the flexibility and tools you need to grow, supported by advanced AI technologies. Sign up today and turn your business idea into a reality!

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