10+ Best & Profitable Hands Off Business Ideas [2023]

2021 is the perfect time to start a business! Check out our top picks of the best and profitable hands off business ideas in 2023 - all designed to make you successful while taking a hands off approach. Get started today and transform your life in 2023!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future entrepreneur! Are you tired of the 9-to-5 grind and ready to take the leap into the exciting world of business ownership? But, perhaps you're looking for something a bit less hands-on, a business idea that allows you to enjoy the fruits of your labor without being tied down by the day-to-day operations? Well, you're in luck!

As we gear up to welcome 2023, we've compiled a list of over 10 amazing hands-off business ideas that are not only profitable, but also incredibly rewarding. These are businesses that you can start and run, all while maintaining your freedom and flexibility. Sounds too good to be true, right? But, believe it or not, these opportunities do exist, and we're about to dive right into them.

So, whether you're an aspiring business mogul looking to build your empire, or a passionate individual seeking a side hustle that doesn't consume all your time, this list is for you. Get ready to be inspired, educated, and motivated to take that next big step in your entrepreneurial journey. Let's explore the best and most profitable hands-off business ideas for 2023!

Dropshipping

Dropshipping is a business model in which a supplier ships products directly to the customer, rather than storing them in a warehouse. This allows businesses to offer a wider variety of products without having to invest in extensive inventory and logistical costs. Dropshipping makes a great business idea because:

  • It requires minimal upfront investment.
  • The business can offer an extensive variety of products without holding any stock.
  • Operating costs are low and flexible.
  • It eliminates costly overhead expenses such as inventory storage, shipping and handling, and customer service.
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Virtual Assistant Business

A virtual assistant business provides administrative and other services for businesses, organizations and individuals around the world. This type of business makes a great business idea because:

  • It is relatively low cost to start up
  • It allows for a lot of flexibility in terms of when and where you work
  • It can be done remotely or in person
  • You are only limited by your imagination in terms of the services you can provide
  • You can offer a wide variety of services such as research, writing, data entry, customer service, and more!
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Examples of successful businesses:

Successful companies in the hands off business industry have provided entrepreneurs with a way to invest in businesses without having to be involved in the day-to-day operations. The following is a list of example successful companies that are currently dominating the industry:

  • Franchising: McDonalds, Burger King, Subway
  • Licensing: Adobe, Microsoft
  • Royalty Funding: Shutterstock, Getty Images
  • Fixed Price Business Sales: eBay, Amazon Marketplace
  • Angel Investment Firms: Kiva, SeedInvest
  • Venture Capital Funds: Sequoia Capital, Goldman Sachs
  • Private Equity Funds: Blackstone Group, Carlyle Group

Web Design

Web design is the process of creating websites. It includes the layout, content, graphic design, and coding of a website. Web design is necessary for any business that wants to have an online presence. It is a great business idea because:

  • It offers long-term customer relationships
  • It allows for customization of services and products
  • It has a low start up cost
  • It provides an opportunity for creativity
  • It offers scalability as businesses grow

More resources:

Affiliate Marketing

Affiliate marketing is a type of business model that connects companies who have a product or service to promote with affiliates who have an audience to market it to. Affiliate marketing is beneficial because it allows businesses to diversify their sources of income and reach new audiences. Additionally, affiliates benefit from the commissions they earn from selling products and services through their websites. Here are some advantages of affiliate marketing:

  • Cost effective - Compared to other forms of advertising, affiliate marketing is cost effective as it only requires commission payments.
  • Increased exposure - Utilizing the networks of affiliates provides a great opportunity for gaining exposure for a brand.
  • Higher conversions - Affiliates typically have a better understanding of their audience and can tailor their suggestions in order to get the best results.

E-commerce Store

A e-commerce store is an online store that offers a range of products and services, allowing customers to purchase items online. It is a great business idea because:

  • It eliminates the need for physical stores, meaning there are no high overheads associated with renting/owning premises.
  • It is convenient for customers, as they can shop at any time or day, from the comfort of their own homes.
  • It eliminates geographic boundaries, so businesses can extend their reach and enter new markets.
  • Online stores enable businesses to provide better customer service and cater to customer needs more effectively than traditional stores.
  • The ability to track customer data provides valuable insights into customer behaviour which can help inform marketing strategies.

Related business ideas:

Social Media Consulting

Social media consulting is a type of business that helps clients create and manage their presence across various social media platforms. It can be particularly useful for helping businesses to promote their products and services, as well as boost their online visibility and credibility. Some of the benefits of a successful social media consulting business include:

  • Expertise in areas such as copywriting, web design, analytics, marketing and more.
  • Access to a variety of tools and resources to help clients get the most out of their campaigns.
  • The ability to create customized solutions for clients based on their specific needs.
  • A flexible work schedule that allows for the opportunity to set your own hours and work from anywhere.

Course Creation

A course creation is a business idea that involves creating courses or workshops to help people learn new skills or hone existing ones. It can be a great business idea because there is always a need for people to learn something new, and it can be done from anywhere with an internet connection. Here are some of the many benefits course creation offers:

  • It provides you with the opportunity to create something that you can be proud of.
  • It offers you the freedom to choose your own schedule.
  • You have the potential to build a large customer base quickly.
  • You can make a sizable profit in a relatively short amount of time.

Software Development

Software development is a process of creating and designing solutions to specific business problems. It involves research, design, development, testing, and implementation of software that meets the specific needs of the customer or user. Software development can be a great business idea as it offers several advantages, such as:

  • Reduced cost and time for creating software solutions
  • Scalable solutions for the future
  • High flexibility allowing for customizing solutions to meet individual needs
  • Support for existing applications and data systems
  • Quick response to changing markets or customer requirements

Blog Monetization

Blog monetization is the process of generating revenue from a blog. It is a great business idea as it offers a variety of ways to make money, including:

  • Advertising – displaying ads on your blog, either through networks such as Google Adsense or by directly selling ads.
  • Affiliate marketing – promoting other companies’ products and services.
  • Sponsored posts – creating posts that promote a company’s product or service in exchange for payment.
  • Subscriptions and memberships – offering exclusive content to paying members.
  • Digital products – developing and selling digital products such as ebooks, courses, and webinars.

Content Writing

Content writing is a type of online writing that focuses on creating content for websites, blogs, and other digital media. Content writers create content that is informative, engaging, and helpful to readers. Content writers help businesses create engaging and valuable content that can help them stand out in the online space.

  • Content writers have the ability to create compelling content that can engage an audience and draw readers in
  • Content writing is an evergreen skill set – businesses will always need content
  • Being able to understand the needs of clients and produce quality material quickly makes it a valuable skill to have
  • There are many opportunities to make money with content writing, as there are many businesses who need help producing quality content
  • Content writing provides the potential for a lucrative income as you can charge on a per-word basis or by project

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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.