Profit, profit, profit. Many people in America dream of achieving it through a business. But they’re not sure which ventures are the most profitable or how to start.

I have done the research and compiled a list of the seven most profitable businesses in the USA. Each of these options offers great potential for success and financial growth.

By leveraging one of these opportunities, you can become part of the thriving small business community that contributes 43.5% to the US GDP.

7 Most Profitable Businesses to Start In the US

1. Dropshipping

Dropshipping is a business model where you sell products online without keeping inventory. Instead, suppliers handle storage and shipping directly to your customers. Dropshipping is highly scalable and expected to grow by 22.8% per year between 2023 and 2030, making it a lucrative option for new entrepreneurs.

• Estimated Startup Cost: Around $100
• Launch Timeline: 1-2 weeks

• Industry Average Profit Margin : 20%-30%
• Ideal For: Part-time entrepreneurs, digital nomads, and eCommerce beginners

2. Car wash

Car wash businesses are seeing a surge as more people hold on to their vehicles. New cars are pricey and scarce, so folks are keeping their rides longer and want them looking good. There are lots of opportunities with the car wash market, which is expected to grow from $15.86 billion in 2023 to $23.79 billion by 2030.

You can boost profits by offering a mobile car wash service. Customers love convenience, and luxury car owners often pay more for personalized attention. Consider bringing the car wash to them and skip the high costs of a physical location.

• Estimated Startup Cost: $100- $300
• Launch Timeline: 2-3 days

• Industry Average Profit Margin : 30%-50%
• Ideal For: Individuals who enjoy hands-on work, have an eye for detail, and value flexible work environments

3. Laundromat

Laundromats are another profitable business in the USA. They have a high success rate of over 90%. Why? Because people always need clean clothes, even when times are tough. The laundromat market generates about $6 billion in annual revenue. The average laundromat makes around $150,000 a year. They’re simple to run and don’t need a lot of staff. Machines do most of the work, making it a reliable choice for steady income.

• Estimated Startup Cost: $70,000- $130,000

• Launch Timeline: 2-4 months
• Industry Average Profit Margin: 20%-35%
• Ideal For: Those who prefer a hands-off business model with steady demand and minimal staffing needs

4. Coworking space

The North American coworking space market is booming. It’s worth $5.11 billion in 2024 and is projected to grow to $8.58 billion by 2029. That’s over 11% growth each year! People want flexible workspaces, especially in crowded cities.

Consider capitalizing on this by starting your own coworking space. You can offer freelancers and small businesses a cool place to work. Make money by renting out desks and private offices. Add extras like meeting rooms or event spaces to boost your income. It’s a great way to turn a simple idea into a thriving business.

• Estimated Startup Cost: $25,000-$60,000,
• Launch Timeline: 2-3 months

• Industry Average Profit Margin: 10%-15%
• Ideal For: Property owners, individuals with unutilized space

5. Personal wellness

Are you a yoga teacher or a life coach? Maybe you love wellness and want to help others. Either way, personal wellness is a growing field with many opportunities. The personal wellness market in the U.S. is expected to reach $8.5 trillion by 2027. With more and more people focusing on their health, the demand for wellness services will continue to rise.

Be a part of the trend by offering yoga classes, life coaching, or meditation sessions. You can also explore niches like nutrition counseling or stress management. Build your brand by creating an online presence and offering personalized services to meet your clients’ needs.

• Estimated Startup Cost: $300-$1000,
• Launch Timeline: 1-2 weeks

• Industry Average Profit Margin: 60%-80%
• Ideal For: Health enthusiasts and individuals eager to make a positive impact

6. Retirement and pension service

With the aging population in the U.S., retirement and pension services are in high demand. People aren’t shy about securing their future. According to IBISWorld, retirement and pension plans were the most profitable industry in 2024. There are many ways to enter this business niche. You could offer personalized retirement consulting where you guide clients through their options and tailor plans to their needs. Another idea is to provide pension administration services—help companies manage their employee retirement plans and ensure compliance with regulations.

• Estimated Startup Cost: $200-$700,
• Launch Timeline: 1-2 weeks

• Industry Average Profit Margin: 70%-85%
• Ideal For: Financial advisors and individuals passionate about retirement planning

7. Contract catering

Contract catering refers to providing food directly to places like schools and factories. It offers predictable income by relying on contracts rather than walk-in customers like restaurants. The market is growing and is projected to reach $70.60 billion by 2028. This growth is driven by the demand for fresh, customized meals on demand. Start out by seeking clients that need regular food services, such as schools, offices, or healthcare facilities. Use channels like Facebook and TikTok to announce your services and reach potential customers.

• Estimated Startup Cost: $1,000-$5,000
• Launch Timeline: 2-3 weeks
• Industry Average Profit Margin: 8%-20%
• Ideal For: Culinary entrepreneurs, catering professionals, and individuals who excel in planning and logistics

How to Start a Profitable Business in the USA

Starting a business can be exciting. But you’ve got to start right to make money. Here are some simple steps to get you going.

1. Do Your Research

Check the market to see what’s already out there. Analyze the competition and find gaps you can fill. Validate your idea to ensure it can be profitable. Understanding the market helps you know if your business can succeed before you invest time and money.

2. Plan Your Business

Develop a business plan that outlines your goals and strategies. Include details about your target market, marketing strategy, and financial projections. A solid plan helps you stay focused and shows potential investors you’re serious

3. Get Organized and Make It Official

Choose a business name and legal structure, like an LLC or sole proprietorship. Register your business with the necessary authorities and obtain any required licenses. Setting up these legal aspects protects your business and ensures you comply with regulations.

4. Find the Right Financing

Determine how you’ll fund your startup costs and initial operations. Explore options like microloans, crowdfunding, or investments from family and friends. A business credit card can help with everyday expenses. Choose the best financing method based on your needs and situation.

5. Market Your Business

Use social media, online ads, and local events to promote your business. Create a marketing strategy that highlights what makes your product or service unique. Consistent marketing helps build brand awareness

6. Focus on Customer Service

Provide excellent service to build strong relationships with customers. Respond promptly to inquiries and resolve issues quickly. Satisfied customers are more likely to return and recommend your business to others.

Final Verdict

The US economy has always been generous to those willing to seize opportunities. With careful planning and understanding of these profitable niches, you can create a successful business that taps into the potential for growth.

Start by exploring different ideas and identifying what aligns with your interests and skills. There are plenty of profits to be made with each of these businesses. Goodluck!