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10 Best Business Ideas in Maryland

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Published on September 16, 2022

Updated on September 16, 2022

10 Best Business Ideas in Maryland

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10 Best Business Ideas in Maryland

Maryland is among the wealthiest states in the US even though its largest city, Baltimore, is often in the news due to crime and poverty issues. Maryland has nearly 200,000 millionaire households in its suburbs. This is the highest number of millionaires in any state. 

Businesses related to finance, insurance, and real estate would do well in Maryland. Not sure what business to launch? Browse through our list of business ideas in Maryland and see if anything sparks your interest.

1. Pet Sitting

Pet Sitting

You’d probably never guess that pet sitting is a $2.6 billion industry, but it is indeed. People love their pets, and will spend whatever it takes to ensure their animals are cared for when they are away. The pet sitting market is projected to see impressive growth through 2027, so if you’re an animal lover, now is the perfect time to start your own pet sitting business and ride that wave to serious profits. 

The first step is to decide which type of pets you’ll care for. Do you have more experience with dogs or cats? Are you OK with snakes? Once you’ve got that nailed down, you’ll just need to buy some pet toys and supplies and offer your services on a gigs site like TaskRabbit. It’s a good idea to reach out to friends, family and work-related contacts and acquaintances. If you’re able to generate an initial client or two from your own personal network, and provide them with great service, you’ll have a strong reference to promote your services and start building a successful business. 

2. Fishing Charter

Fishing Charter

Are you an outdoorsy type who loves fishing? Have you ever thought about starting your own fishing charter business? It’s a lot of work, but it can be rewarding and a lot of fun, too. The US fishing boat charter market posted stable growth in the five years before the pandemic and surpassed $400 million in revenue in 2020. It is poised for growth as more Americans are traveling and spending money on recreational services. 

To start a fishing charter business, you need a boat and fishing supplies. But before you can take guests on a fishing trip, check out your state’s licensing requirements and be sure to comply with all regulations. Your success will depend on how you can effectively market your services. You can do this by creating ads, distributing flyers in your locale, and posting about your business on social media. It is also important to add value to your services and gain a competitive edge in the market.

3. Vending Machine

Vending Machine

Vending machines are everywhere, from hospitals to train stations, and from schools to offices, special events and more. But have you ever wondered how much money there is in vending machines? Potentially, there’s a lot. It’s a $9 billion industry that’s expected to see strong growth in the coming years. So you could start your vending machine business right now and grab a share of that market while giving yourself a steady stream of nearly passive income. 

It requires a sizable investment to buy that first machine or two and get started, but it’s a fairly low-risk venture. As long as you’re able to put your machines in locations with steady foot traffic, you should do decent business. A key decision will be the products you choose to offer; you could focus on candy and chips, soft drinks, or healthier options like trail mix and granola bars. Once that’s done, you’ll basically be able to sit back and watch your vending machine empire grow.

4. Blog

Blog

In the podcast era, you might have thought that blogs had gone out of style. You would be wrong. The internet is home to more than 600 million blogs, more than 2 million blog posts go online every day, and after years of steady growth, the US is home to about 32 million blogs. Substack, the blog and newsletter platform, recently passed one million subscribers. As a result, there is real opportunity for a bold entrepreneur looking to start a blog business and get in this massive market. 

It requires minimal investment. All you really need is a reliable computer and decent wifi. The major hurdle is coming up with a concept, an objective or mission for your blog business. You might choose generating funds to feed hungry children or delivering crucial news to the people of your city or state. Once you’ve found your niche, you’ll need to reach out across your network, LinkedIn, Facebook, Instagram and beyond, looking for all those who write on related subjects and asking them to get on board. You could offer discounts, incentives, or rewards to sweeten the deal. 

Once a couple of accomplished bloggers sign on, the paid advertisements will start rolling in and you’ll be on the road to success in the blogging business.

5. Reiki Healing

Reiki Business

Do you believe in energy healing? Starting a reiki business might be the perfect career choice for you. Reiki is a Japanese energy healing technique that is now accepted in some US hospitals. It is believed to promote relaxation, ease pain, and reduce symptoms of illness. It is one of the alternative healing techniques being practiced today. Globally, the complementary and alternative medicine market is still expanding, with growth estimates of 20% per year through 2028.

When starting a reiki business, you have to consider all the factors that will affect its success. First, you’ll need to find a reiki master, or train under one and undergo a process that transfers the master’s healing energies to you. It’s important to choose which reiki methods you’re going to offer. You’ll also need to check out your state’s permit, licensing and zoning requirements before you can choose a location for your reiki business. Finally, promoting your business to find clients is to your advantage.

6. Tour Guide

Tour Business

Do you love to travel and see new places? Why not start your own tour business? It’s a lot of work, but it can be a very rewarding endeavor. The US tour industry was expected to recover in 2021 after total revenue fell below $6 billion in 2020 due to the pandemic.
Earnings were predicted to increase to more than $8 billion in 2022 due to pent-up demand for travel. Both land and air borders of the US have been reopened to vaccinated tourists. 

Tour operators are primarily responsible for arranging tour packages that they offer to tourists and travel agencies. Because of the pandemic, demand is rising for tour packages in the countryside, national parks and the outdoors. Before you can start operating, you need to pick a niche, choose your target demographics, and understand the competition. You also have to familiarize yourself with the laws and regulations, such as the seller of travel laws, that tour operators, travel agencies and other tourism-related businesses must follow.

7. Photography

Photography

Are you an amateur photographer who loves snapping great images? Photography in the US is an $11 billion industry expected to see steady growth in the coming years, so now would be a great time to stretch your entrepreneurial wings and give it a shot. You could start your photography business from home and give the world beautiful photos while also making a good living. 

A crucial step will be finding your photographic niche. There’s a wide array of subjects to choose from. You could focus on personal portraits, fashion and culture photography, news and celebrities, or travel, nature and wildlife. Assuming you already have a professional-level camera, you’ll just need some great editing software and to build a website showing off your portfolio and listing your prices and services. With a bit of talent and determination, you could be snapping your way to success in no time!

8. Graphic Design

Graphic Design

Strong graphic design is a crucial element of nearly every business’s branding and marketing strategy, which is why it’s always in great demand. After years of steady growth, the US graphic design industry is worth nearly $14 billion and offers real opportunity for the bold entrepreneur. You could start your own graphic design business from home and work with clients around the world, generating good money and turning your creative passion into a successful career. 

You will, however, need to have a strong creative streak and some skill and experience with graphic design software and tools. If you don’t have a related degree, you could brush up on your graphic design skills by taking courses at an online platform like Udemy. Next, it’s a good idea to research the market, see what sort of graphic design is trending lately, and keep an eye out for a market gap that might fit your skillset. 

Understanding and clarifying what you will offer, which businesses you are targeting and how you’ll stand out from the competition will be crucial elements to your success.

9. Recruiting Agency

Recruiting Business

If you’re an entrepreneur, you know just how tricky hiring can be. You’ll think you’ve found the perfect new staffer, but within a few weeks he’s made every mistake in the book. That’s why recruiting services are so valuable, and why employee and executive recruitment is a growing multi-billion-dollar industry in the US. Few businesses have the time and resources needed to conduct a thorough search, do the proper vetting and narrow down the list of candidates. And that’s where you and your recruiting business come in. 

Getting started is relatively simple. You’ll need to be good at understanding what people want and how they’ll respond in certain situations, and it helps if you have significant experience and a sizable rolodex in a certain field. But even without that, you can reach out to your own network and take a wide variety of recruiting classes online. With some serious study and determination, you could soon be recruiting executives for Fortune 500 companies.

10. Farm

Farm Business

Do you have a green thumb and always dreamed of starting your own farm? Well now is a great time to take the plunge, with countless people leaving cities for the countryside and looking to eat healthier, all-natural foods fresh from the farm. Farming is a trillion-dollar industry in the US, and offers considerable opportunity for the hard-working entrepreneur. 

And there will be hard work. Farming is not as easy as putting on overalls. You’ll need to find and purchase the right piece of land. You’ll need to choose your crops. Maybe heirloom tomatoes, zucchini and soy beans? Next, work the soil and make sure it’s ready for planting, then keep your fields clear of insects and blight. You’ll also want to decide on livestock. Will you have chickens, lambs, cows, pigs? There’s so much work to do on the farm, but you’ll get to work in the great outdoors, providing nourishing foods to your family and community.