10+ Best & Profitable Boring Business Ideas [2023]

The year 2023 is around the corner, and it's time to start thinking about which business opportunities can make the most profits. We've compiled 10+ of the best & most profitable boring business ideas for you to take advantage of this coming year! Read on to learn more.
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future entrepreneur! I see you're on the hunt for a business idea that's not only profitable but also a little bit out of the ordinary. You're not alone. Many of us are tired of the same old "exciting" startup concepts and are looking for something a bit more...well, boring. But here's the secret - boring businesses can be incredibly profitable! In fact, they're often the ones that fly under the radar, quietly making their owners very, very happy (and wealthy).

So, let's ditch the flashy tech startups and trendy pop-up shops for a moment. Instead, let's explore the world of boring businesses - the ones that might not make for exciting dinner party conversation, but they sure do bring in the dough. Intrigued? Good. Because I've got a list of 10+ best and profitable boring business ideas for 2023 that I can't wait to share with you. So buckle up, it's going to be an exciting ride into the world of the mundane, the ordinary, and the incredibly profitable.

Whether you're a seasoned entrepreneur looking for your next venture, or a newbie just dipping your toes into the world of business, this guide is for you. So let's dive in, shall we? Prepare to be inspired, educated, and maybe even a little bit surprised. Because when it comes to business, boring is the new exciting.

Office Supply Wholesaler

An office supply wholesaler is a business that resells items such as file folders, binders, paper, writing materials, desk accessories, and other supplies that are commonly used in offices to other businesses or organizations. This can be a great business idea because:

  • It offers a necessary product to many types of businesses
  • Start-up costs can be relatively low
  • You have the ability to offer competitive pricing
  • You can expand your product selection over time
  • You can sell products online, as well as locally
image of a Office Supply Wholesaler

Data Entry Services

Data entry services provide businesses with the ability to process large amounts of information quickly and efficiently. It involves entering data into an electronic form or database, usually through manual input. Outsourcing data entry services can be a cost-effective way for businesses to handle this task. Here are some reasons why data entry services can make a great business idea:

  • Little start-up cost – the setup costs are minimal, and the equipment required is relatively inexpensive.
  • Low overhead – running a data entry services requires little overhead as you will most likely be working remotely.
  • High demand –Businesses of all sizes require data entry services, so there is always a market for it.
  • Specialized skills – Data entry requires specialized skills, so the service you offer will likely stand out from the competition.
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Examples of successful businesses:

Boring businesses may not be exciting, but they provide the everyday goods and services that we rely on. Here is a list of successful companies in the boring business industry:

  • Walmart (retail)
  • State Farm (insurance)
  • UPS (shipping)
  • Sabic (plastics)
  • Goldman Sachs (investment banking)
  • IBM (tech services)
  • Starbucks (coffee chain)
  • Johnson & Johnson (consumer products)
  • ExxonMobil (oil and gas)
  • Facebook (social media platform)

Industrial Shipping Logistics

Industrial shipping logistics is an important part of the manufacturing, distribution, and retail process. It involves managing the transportation of goods, including tracking and accurate documentation of delivery times and locations. Having an effective industrial shipping logistics system in place is essential for businesses to provide timely delivery and customer satisfaction. It can also save companies money in the long run by streamlining the process of tracking shipments. Here are some key advantages that make industrial shipping logistics a great business idea:

  • Accurate tracking with minimal effort
  • Improves customer experience
  • Reduction in time and cost associated with transportation
  • Optimizes delivery routes to ensure timely arrivals
  • Reduces risk of lost or damaged cargo

More resources:

Public Relations Consultancy

A Public Relations Consultancy is a business that provides advice and assistance to clients in the areas of media relations, public affairs, and marketing communications. Public relations consultants work with clients to manage their image, build brand awareness and promote messages through media outreach and campaigns. Public relations consultants can help increase the overall value of an organization to its target audiences.

  • Create strategic plans to increase visibility and public image
  • Conduct media outreach targeting traditional print outlets, broadcast media, blogs and social media outlets
  • Manage special events to support product launches or other activities
  • Identify public opinion leaders in various sectors to create relationships & opportunities
  • Analyze data to understand the effect of PR efforts & adjust strategies as needed
  • Develop press releases & other content for distribution to appropriate outlets

Mail Order Catalog Company

A mail order catalog business is an exciting venture that can be both fun and profitable. In this type of business, customers shop from catalogs or online stores and select items they would like to purchase. Customers complete forms with their payment information and the order is then shipped to them. This type of business has several advantages:

  • It offers customers convenience – they can shop anytime, anywhere
  • It allows businesses to reach a wider audience of potential customers
  • Low operating costs – there are no store front costs and minimal labor costs required
  • Easy to get started – it requires relatively little up-front capital investment
  • Customizable products – you can easily add new products and services to your catalogs

Related business ideas:

Business Travel Agency

A business travel agency is a service that helps companies and individuals arrange business trips. This could include booking plane tickets, securing hotels, arranging car rental and other services related to business-related travel. Business travel agencies can provide significant benefits to businesses, and they can be incredibly profitable. Here are some of the advantages of starting a business travel agency:

  • Competitive edge – Business travel agencies offer competitive prices and specialized expertise compared to traditional online booking sites.
  • Convenience – Business travelers prefer the convenience of having their flights, accommodations, and car rental all handled by one source.
  • Resource savings – A good business travel agency can provide cost saving tools and insights that can help reduce overall costs when planning an employee’s trip.
  • Expert advice – Business travel agents have experience in the industry and know how to find the best deals and save businesses money.

Accounting Firm

An accounting firm is a business that provides a range of services to individuals and businesses related to financial planning, management, and taxation. Starting an accounting firm can be a great business idea for those with the financial knowledge, experience, and resources to undertake it. Some reasons why it could be a profitable business include:

  • There is steady demand for professional accounting services.
  • It can offer diverse services from bookkeeping to tax preparation.
  • Provides clients with reliable financial advice.
  • Provides the opportunity for steady income.

Business Consulting Firm

A business consulting firm is a company that helps businesses with their operations and strategic planning. Their expertise can help business owners make smart decisions, increase their profits, and develop effective strategies for growth. Some of the services a business consulting firm may offer include management consulting, financial consulting, operational consulting, marketing research services, technology consulting services, legal services, and human resources management.

  • Business consulting firms can help companies increase their efficiency.
  • They can suggest strategies to increase profits or reduce costs.
  • A business consultant can provide valuable advice on marketing and advertising campaigns.
  • They can help a business navigate new legal requirements or regulations.
  • A consultant has industry-specific knowledge which they can share with their clients.

Executive Search Services

Executive search services is a type of professional service that specializes in helping organizations find, hire and retain high-level executives. These services can be highly beneficial to businesses due to their access to a large pool of qualified candidates with the right skills and experience. Some benefits of utilizing executive search services include:

  • Unbiased selection process – Executive search services use a proven method of finding the most suitable candidate for an open position.
  • Time savings – Hiring through an executive search firm can save precious time when compared to utilizing in-house recruiting.
  • Expertise – Executive search firms have access to specialized knowledge about the industry and region in which they are operating.
  • A larger pool of potential candidates – Executive search firms have access to a larger pool of potential candidates than most organizations.

Office Furniture Supplier

A office furniture supplier is a business that provides customers with the furniture they need for their office. There are a variety of reasons why this could make a good business idea:

  • There is a large market for office furniture.
  • There is plenty of room for expansion and diversification.
  • You will be able to provide customers with quality goods and services.
  • It is an easy business to start up, as there is no need to purchase expensive equipment or hire a large staff.
  • You will be able to offer competitive prices and flexible payment options.

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Founder and CEO

We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.