I found 10 of the most Profitable Niche Business Ideas with low competition. And the best thing is, most of these don’t require that much money to start up, and they’re relatively easy to get started. In general, they don’t require you to have a lot of skills.
Contents
- Senior Proofing
- Baby Proofing
- Stump Removal
- Home Energy Auditor
- Bedbug Removal Specialist
- Home Nurses Or Home Care
- Concrete Removal
- Call Car Mechanic
- Elevator Repair Service
- Carpet Cleaning
#1 Senior Proofing
Aging is inevitable. But making your living space in your friendly doesn’t have to be a headache. And basically, what this involves is modifying homes to make them safer for seniors that are living in them. So this could be something like adding guardrails to a staircase or in some cases, even having an elevator that takes the seniors up the staircase, it could also include something as simple as having something that they can hold on to when they’re taking a shower, or making sure that there’s not a lot of things that they might trip on.
And by the way, the US centenarian population, it’s a bit of a mouthful, is projected to quadruple over the next 30 years, that means there’s going to be over four times as many people that reached the age of 100 years old, over the next 30 years. So this business is going to be growing a lot during that time. And senior proofing projects typically are going to make between $505,000 per project. And there are a lot of projects available. So yeah, this is a good one, I’m going to go ahead and give it an 8/ 10 opportunity score.
#2 Baby Proofing
This is basically the opposite of senior proofing, but it’s really good money as well. And this basically involves creating a safe environment for infants and toddlers. Now, this is actually a $6.2 billion market. And this involves things like making sure that kids can’t get access to the medicine cabinet, or a different cabinet that might have drain cleaner or something along those lines in it. And also making sure that babies don’t have access to over two inches of water, because unfortunately, they can actually drown in as little as two inches, as well as many, many other things.
Now there’s one multimillion dollar a year baby proofing company, and this is baby proofer plus.com. And they’ve actually baby proofed 18,000 homes. Now imagine all the other homes that they haven’t done. I mean, there’s millions and millions of homes in the United States, they’re one of the biggest companies and they’ve only done 18,000. So there is a ton of opportunity here.
And typically you can make between 50 to $100 an hour doing these types of projects and the cost to baby proof a two bedroom home is usually going to be 252 to $780. Initially, there’s a lot of different types of baby proofing such as adding cabinet locks, electrical hazard baby proofing, as well as bathroom baby proofing. Now this one obviously doesn’t require a college degree or previous experience to get started. And yeah, this one is pretty good. I’ll go ahead and give it an 8/10 opportunity score
#3 Stump Removal
This is where you remove stumps that come from trees. And you basically are going to be catering to homeowners, landscapers and property developers. And this is technically a type of landscaping business, although it’s highly specialized.
And people typically pay anywhere from 300 to $1,000 to get a stump removed. So yeah, this is another niche business idea where you can make real good money with it, you can either do it as a side hustle, or you could turn it into a full time business, I’m going to go ahead and give this one a 7/10 opportunity score.
#4 Home Energy Auditor
Basically they’re going to be assessing residential energy usage for areas of improvement and efficiency. And this business basically operates in the energy conservation industry. And you can offer your services independently collaborate with local utilities or even partner with a construction company. And not only is this good for the environment, but on top of it, you actually save a bunch of money for the homeowner or the business owner that gets the audit conducted. And the average home energy audit cost is about $425.
And then on top of that you’ll be probably installing certain things or at least referring them to install certain things from other companies. And when you do that, you’re likely going to make a lot of money. So this is a really good one, I’ll go ahead and give it a 7.5/10 opportunity score.
#5 Bedbug Removal Specialist
I actually used to work at a hotel, one of my bosses, he was basically like my original mentor. I worked in several different of his businesses, but one of them was a hotel. And I can tell you that hotels have issues with bedbugs all the time. And it’s not just hotels, it’s Airbnb, and even houses. And so this is a very profitable business. Because let’s be honest, if someone goes to an Airbnb or if someone goes to a hotel and they get bedbugs, they are going to leave a very bad review. And that’s going to be very bad for business.
Now, the pest control market is already $22 billion. And it’s expected to grow to $29 billion by 2026. So it is rapidly growing and it’s an incredibly profitable market. And 20% of Americans have had bedbug infestations in their own house, and you can actually charge between $305,000 For bedbug extermination services. And then after that you can offer regular inspections to make sure that they never come back. So yeah, incredible business model. As a side note, you can also make a ton of money as a pest control salesman.
I know everybody talks about like remote sales or high ticket sales. But honestly, there’s a lot of other opportunities outside of you know, remote sales or high ticket sales. And pest control salesman is phenomenal. You can make six figures easily. So yeah, really good one, I’m gonna go ahead and give this one a 9.5/10 opportunity score.
#6 Home Nurses Or Home Care
This is where you provide personalized healthcare services to individuals in the comfort of their own home. And it’s almost like bringing a hospital to your own doorstep. And there’s one homemade for every 154 households in the United States. And that number is rapidly rising. And here’s a company for instance, its home nursing agency, and their revenue is $67 million a year.
So you can make a ton of money doing this. So yeah, this one is really good. There’s a lot of opportunity in healthcare. There’s lots of different random healthcare careers, and also a lot of different random healthcare related businesses out there. So I’m going to go ahead and give this one and 8.5/10 opportunity score.
#7 Concrete Removal
Have you ever seen a super ugly slab of concrete that has a bunch of cracks in it and it’s super dirty, and you thought to yourself, Man, I wish I could remove that? Well, there are businesses out there that actually do this.
So they basically demolish and clear out old or damaged concrete structures from driveways, patios and more and the average job for concrete removal ranges from 200 to $6,000. And the average is about $2,000. So you can make a ton of money doing this. So yeah, this one is pretty good. I’ll go ahead and give it an 8/10 opportunity score.
#8 Call Car Mechanic
So mobile car mechanics are very rare, but it is something that a lot of people want. And I mean, think about it, have you ever gotten your car repaired where you have to kind of like drive to someplace you drop it off, or maybe you might even have to tow it to this place, then you have to wait in their office for a long time. And then you might even just like leave, take a taxi back to your house, and then come back the next day. It’s super inconvenient.
But what if you could have a mechanic come to your house and repair your car in your driveway? Well, that’s exactly what these professionals do. Now that type of job is going to range like a ridiculous amount, I mean, anything from an oil change that costs maybe $35, all the way up to a clutch replacement that cost $1,400.
And typically, mobile mechanics are going to charge a lot more than that because of the convenience. And usually, the types of people who ordered this type of thing are the types of people who have a lot of money, but they don’t have a lot of times, so they pay the extra amount, they pay the premium for the convenience. So yeah, this is another really good one, I’ll go ahead and give it an 8/10 opportunity score as well.
#9 Elevator Repair Service
This is exactly what it sounds like you’re going to be repairing elevators. Now of course, elevators are a very specific type of technology. And it’s very important that they’re safe and repaired correctly, because people’s lives would be lost if they weren’t. And there’s about a million total elevators in the United States of America.
So that’s a lot of elevators that might need to be repaired. And the national average for repairing an elevator usually ranges from 500 to $1,000. And typically, there’s also going to be maintenance costs where you’ll probably be come back every week or every month to make sure the elevator is good. So yeah, this one is pretty good. I’ll go ahead and give it a 7.5/10 opportunity score.
#10 Carpet Cleaning
I learned this the hard way when I was moving out of a house one time, basically I moved out of the house and I basically had a cleaning company come over to help me clean it. And they told me that they don’t do carpet cleaning or rug cleaning. But the problem was I had accidentally spilled a bunch of Chinese food on the floor, and it stained the carpet.
So that was a big problem for me. And I had to try to find somebody who specializes in carpet cleaning, eventually I did find somebody but they charged a ton of money a lot more than I thought they would have. And so a lot of different cleaning services actually don’t offer this. And that’s a huge opportunity for you. So you could actually just start a service that just does carpet cleaning or rug cleaning. And you could probably make a full time income from it.
And you could charge a lot more than a traditional cleaning service. So yeah, carpet cleaning rug cleaning, you can make a ton of money doing this, a lot of the time you can make over $1,500 in a single day cleaning a carpet or rug, you can make even more money if you specialize in something like oriental rugs. So yeah, this one is really good actually, like you can make a ton of money doing this, I’m going to give it a 9/10 opportunity score.
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