10+ Best & Profitable Solopreneur Business Ideas [2023]

Looking to become a solopreneur in 2023? Here are the 10+ best and most profitable business ideas for solopreneurs. Learn which businesses will be booming in 2023 and how to successfully start your own business.
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future solopreneur! So, you're ready to take the plunge into the world of entrepreneurship, aren't you? But not just any kind of entrepreneurship - you're all set to embark on a journey as a solopreneur. That's right! You're about to become a one-person powerhouse, running your own business single-handedly. It's a thrilling prospect, isn't it? And guess what? The year 2023 is looking brighter than ever with a plethora of profitable business ideas just waiting for you to seize them.

Now, you might be thinking, "But where do I start?" Don't worry, we've got you covered. We've done the legwork and compiled a list of over 10 of the most profitable solopreneur business ideas for 2023. These are not just any ideas; they're the cream of the crop, handpicked for their potential to skyrocket your success. And the best part? We're going to walk you through each one, giving you the scoop on why these ideas are so profitable and how you can make them work for you.

So, are you ready to turn your entrepreneurial dreams into reality? Let's dive in and explore the exciting world of solopreneurship together. The future is yours for the taking, and it starts right here, right now!

Freelance Writer

A Freelance writer is a professional who is self-employed and works on a contractual basis. As a freelance writer, you have the flexibility of choosing when and how you work, deciding what topics to write about, and what fees to charge. It can be a great business idea if done right.

  • You can choose to specialize in a certain topic or genre, such as technical writing, copywriting, travel writing, blog posts, or business writing.
  • You'll need to have an in-depth knowledge of the subject matter in order to offer your services as a freelance writer.
  • You can plan your own schedule and be your own boss. This allows you the freedom to work when and where it’s convenient for you.
  • The income from freelance writing can be both rewarding and steady if you focus on building a solid portfolio of clients.
  • You'll have the opportunity to expand your network by working with editors and other freelancers in the industry.
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Virtual Assistant

A virtual assistant (VA) is a professional who provides a variety of services, such as administrative and personal support, online, from a remote location. VAs can assist with any number of projects and tasks for entrepreneurs, small businesses and corporate entities. This business idea is especially appealing to solopreneurs due to its low overhead costs, flexible hours and ability to work from home. Here are the benefits of running a virtual assistant business:

  • Low start-up costs – minimal upfront investment needed
  • Flexible working hours – you can work when you want
  • Work from home – no need for expensive office space
  • No restrictions or geographical boundaries – you can work with clients around the world
  • You are your own boss – be in charge of your own schedule and workload
  • Wide range of services – customize your services to meet client needs
  • High earning potential – depending on the services offered and client base, there is potential to make good money
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Examples of successful businesses:

Here is a list of successful solopreneur businesses to serve as inspiration and examples of success in the industry:

  • Fiverr – freelance services marketplace with hundreds of thousands of users
  • Tailwind – visual marketing and scheduling platform for Pinterest and Instagram
  • Squarespace – website creation and hosting platform for solopreneurs and business owners
  • Buffer – social media management solution for businesses and teams
  • TransferWise – international money transfer service with millions of users worldwide
  • Upwork – online freelancing platform for professionals and entrepreneurs
  • Airbnb – hospitality marketplace with millions of properties in over 190 countries
  • Hubspot – all-in-one marketing and sales software solution for small businesses
  • Shopify – ecommerce platform to create, launch, and manage an online store
  • Canva – easy-to-use graphic design tool to create stunning visuals.

Social Media Consultant

A Social Media Consultant is a professional who helps businesses build and maintain a successful online presence. They can work with small-to-medium sized businesses to maximize their reach through social media marketing, content creation, and website design. This can be a great business idea for those who understand the importance of having an up to date presence on various social media platforms and how to use these platforms to create effective campaigns that produce results.

• Building an online presence • Developing a loyal following• Maximizing reach with effective campaigns• Analyzing data to measure success • Maintaining relationships with clients

More resources:

Web Designer

A Web designer is a professional who specializes in creating websites. Creating an online presence is increasingly important in business and having a professionally designed website can give businesses an edge over their competition. A web design business can be a great idea for someone who has an understanding of web design and the ability to create visually appealing and functional websites. Here are a few reasons why it can make a good business idea:

  • It has the potential for high income.
  • The demand for web designers is increasing.
  • You can work from anywhere with internet access.
  • It’s relatively low cost to start.
  • You don't need any prior experience to start your own web design business.

Copywriter

A Copywriter is a professional writer who specializes in creating persuasive marketing content for businesses. It can be one of the best business ideas as Copywriting offers multiple benefits, such as:

  • Cost-effective results
  • The potential to create high-quality content in a short amount of time
  • The ability to attract customers with innovative and engaging content
  • The potential for growth with a successful copywriting business
  • The freedom to choose your own working hours and projects

Related business ideas:

Event Planner

A Event planner is a professional responsible for the planning, coordination, and management of events. They are usually hired to help plan and execute corporate events, parties, weddings, birthdays, anniversaries, fundraisers, conventions and other social gatherings. Event planners work with clients to create the perfect event that meets their needs, budgets and timelines. They are also responsible for researching vendors and venues, creating a timeline of activities leading up to the event, managing communication with vendors and guests, managing budgeting and costs associated with the event and ensuring everything runs smoothly on the day of the event.

  • Event planners ensure each event meets the client's needs
  • They coordinate all aspects of a successful event from start to finish
  • Event planners research vendors to get the best deal for clients
  • They create timelines to manage deadlines associated with events
  • Event planners manage budgets associated with each event
  • They are responsible for making sure everything runs smoothly on-site

Life Coach

A life coach is a professional coach who helps individuals identify and achieve personal goals. Life coaches motivate and inspire their clients to pursue a more fulfilling lifestyle. They are typically trained to help clients develop skills, set positive goals, and find direction and purpose in their lives. Life coaching can make for a great business idea as it provides an opportunity to help people reach their full potential.

  • A life coach provides personalized guidance and support tailored to each individual.
  • Life coaches provide support, accountability and motivation for their clients.
  • Life coaching can benefit those who are feeling stuck or lost in their personal or professional lives.
  • Life coaches can help clients develop problem-solving skills and create action plans for achieving their goals.

Personal Trainer

A personal trainer is a fitness professional who provides instruction and guidance on exercise and nutrition to help clients achieve their goals. Personal trainers can help clients reach their fitness goals, learn the basics of exercise, create personalized workout plans, or give advice on nutrition.

  • Personal trainers can work one-on-one with clients.
  • Personal trainers can provide individualized attention and specific feedback.
  • Personal trainers can create customized exercise plans that are tailored to each individual's needs.
  • Personal trainers can offer motivation and support for clients.
  • A personal trainer business can provide flexible hours and locations for clients.

Graphic Designer

Graphic design is the art and practice of creating visual content to communicate messages. It can be used to create marketing materials, websites, logos, brochures, and more. Graphic designers combine visual elements such as logos, typefaces, illustrations, and photographs to create a cohesive end product that conveys a particular message or idea. Starting an independent graphic design business can be a great business opportunity because of the versatile capabilities and potential for repeat clients.

  • Graphic design offers infinite possibilities for creativity.
  • There are a variety of resources and tools available for creating high-quality designs.
  • Graphic design is necessary for many businesses in today’s digital world.
  • Graphic designers can offer expertise in branding, marketing materials, and web design.
  • The demand for graphic designers is constantly increasing across multiple industries.

Etsy Seller

An Etsy seller is an online platform that connects creative people with buyers. It is an online marketplace for selling handmade items and other unique goods. Etsy sellers have the advantage of being able to directly interact with their customers, build brand loyalty, and develop a passionate audience. This can make it a great business idea for anyone who has something great to offer.

  • Low start-up costs
  • Little risk involved
  • Greater audience reach
  • Opportunity for creativity and innovation
  • The ability to form relationships with customers
  • The ability to grow and scale your business

Newfoundr

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.