Top 20 Business Ideas According to Reddit in 2024, How to earn ?

 Top 20 Business Ideas According to Reddit in 2024, How to earn ?

by web desk

May 13, 2024

Top 20 Business Ideas According to Reddit in 2024, How to earn ?

20. MVP development

MVP Development, or Minimum Viable Product Development, is one of the best business ideas according to Reddit. Redditor, infinitetime101 asked other users if they would pay $2,000 to $6,000 to develop a SaaS MVP. Most redditors under the thread said they would invest because it was the best price they could find. On average, an MVP developer can earn $20-$100 per hour or over $1,500 per project on Upwork.

19. Virtual Assistance

Becoming a virtual assistant is another great business opportunity for individuals. According to a report by Entrepreneur, Rebecca Morassutti made $144,000 last year, up from $65,000 in her first year as a VA.

18. Robotics

Robotics is a great business opportunity, albeit an expensive one. As mentioned above, Figure AI is a humanoid robot startup currently valued at $2.6 billion. The business recently raised $675 million in funding from investors including Jeff Bezos, NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), and OpenAI.

17. Anti-Fraud Technology

According to Reddit, creating anti-fraud technology is one of the best business ideas for startup entrepreneurs. Signifyd is a provider of e-commerce fraud protection software. Software developers can develop similar technologies for a specific area.

16. Maintenance Services

As mentioned above, DIY services are one of the best business ideas according to Reddit. For starters, individuals can consider purchasing a franchise. Ace Handyman Services is one such example. According to Franchise Direct, the minimum cash required to start a franchise is $75,000.

15. Tourism

The tourism industry is growing rapidly, which warrants individuals to start businesses for this industry. Redditors suggest that while becoming a travel guide is an option, starting a travel blog or newsletter can be a lucrative business opportunity.

14. Printing stickers

Individuals can also look into sticker printing, especially because of its low investment cost. Individuals can create stickers and sell them on Amazon. The Fashion Angels sticker set is priced at $4.99 on Amazon. Over 10,000 items of this product have been sold in the last month.

13. Rental office

Redditor, maydaybutton, claims to run a rental booth that generates $400,000 in gross revenue annually. The owner of the business focuses on the space for weddings and events. On January 19, 2024, a user posted an update stating that his business had $448,549 in annual revenue in the past year. The business owner hires employees on an hourly basis and has a small team within his state.

12. Printing

Printing is another great business opportunity for business owners. Individuals can create their own t-shirts and sell them on sites like Amazon. Personalized Custom Shirt for Men is available on Amazon and has a 4.4 star customer rating as of May 6, 2024. Over 300 items of this product were sold last month.

11. Care of pets

To start a pet care business, individuals can consider investing in a franchise. Woof Gang Bakery and Grooming is a pet grooming franchise. According to Franchise Direct, individuals must have at least $75,000 in cash to purchase a franchise. It has more than 280 locations open or under construction across the United States.

10. Online tutoring

Online tutoring is another business idea according to Reddit. According to statistics from Glassdoor, the average salary of an online tutor in the United States is $73,088 per year. Salaries can range anywhere between $50,000 to $88,000 per year.

9. Drop shipping

Dropshipping is a great business opportunity. As mentioned above, Irwin Dominguez, a dropshipper, owns several e-commerce businesses in different verticals. According to a report from Oberlo, the business owner managed to make $1 million in sales in 8 months.

8. Home crafts

Individuals can make homemade crafts and sell them on Etsy. DIY Solar Printing Kit on Etsy is priced at $8.66 and has been reviewed by over 4,000 customers since May 6, 2024.

7. Freelance

Freelancers are very popular on Reddit. According to data from Upwork, a freelancer in the United States earns an average of $95,000 per year. Annual pay for freelancers can range anywhere between $71,000 and $133,000 per year.

6. Food Trucks

Setting up a food truck is one of the best business ideas according to Reddit. For starters, individuals can purchase a food truck franchise. Kona Ice is a food truck franchise with over 1,000 trucks across 49 states in the United States. It has a franchise fee of $15,000.

5. Fitness coaching

Fitness coaching is another great business opportunity for budding entrepreneurs. Members of the r/personaltraining community argue that personalized coaching supported by a strong online presence on social media and the web is critical to business success.

4. Event planning

Starting an event planning business can be daunting. Individuals can acquire an event planning franchise and enter the industry. Plan Ahead Events is an event planning franchise that offers its franchisees a two-week training program along with all hardware and software to run the business.

3. Digital marketing

Business owners can also start their own digital marketing agency. Individuals can provide digital marketing services on Upwork. On average, a digital marketer can earn anywhere between $20 to $40 per hour on Upwork.

2. Coffee huts

Starting a coffee shop is one of the best business ideas according to Reddit. Coffee Vending is a coffee franchise that requires a minimum investment of $12,500 according to Franchise Direct.

1. Application development

App development is one of the best business ideas according to Reddit. Redditors suggest that in order to launch an app, business owners must first validate their idea. Conversely, individuals can also provide app development services as freelancers. On average, a freelancer can earn anywhere between $30 to $100 per hour for app repair and maintenance. Freelancers can earn upwards of $500 on individual projects.