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18 High Cash Flow Business Ideas

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on August 26, 2022

Updated on November 23, 2022

18 High Cash Flow Business Ideas

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18 High Cash Flow Business Ideas

If you want your business to be healthy and successful, you’ll have to keep an eye on your cash flow. High cash flow means a great deal of money is going in and out of your business, while positive cash flow means more money is coming in than out — and that should be your main goal.

To get there you could rent self-storage units, list an apartment or room on Airbnb, and operate a laundromat. Check out our list of excellent high cash flow business ideas and see if anything inspires you.

1. Health Care

How to start a home health care business

Thinking of setting up a health care business? Good thinking. Demand for health care is on the rise as the US population ages. By 2030, more than 60 million Americans will be 65 and older. This means increased health care spending. And right now the segments seeing the strongest growth are medtech and health care IT. 

So what are you waiting for? Take the first step by finding a niche to focus on. Make sure you have the necessary permits and licenses, whether you start a medical practice, home health care company, or other business. You could also offer a value proposition that will set you apart from the competition and attract loyal clients.

2. Franchise

How to start a franchise business

Starting a franchise is a popular way of expanding a business and increasing its value. A franchise, which is acquired after paying a fee, gives a franchisee the license to sell a product or service under the franchisor’s business name. Some franchisors have been able to quickly grow their networks to thousands of units. Among the biggest franchises in the US are fast food chains McDonald’s, KFC, and Burger King. Convenience store 7-Eleven is another successful franchise. 

If you’re thinking about expanding your business through franchising, it’s important to understand first how this business model works. You’ll need to comply with legal requirements, come up with an operations manual to guide franchisees, and carry out an effective sales and marketing program for your brand. You’ll also be expected to train your franchisees, assist them in opening and running their own stores, manage the supply chain, and control quality in all franchise units. With careful planning, you can develop a successful franchise network in no time.

3. Insurance Agency

How to start a insurance agency

Starting an insurance business can be a great way to make a profit while helping others plan for the future and hedge against financial losses. The global insurance industry has been growing, with revenues estimated to reach more than $6 trillion in 2025. Analysts believe the industry is poised for a more rapid growth as the world recovers from the pandemic. This could be the right time for you to start your own insurance business.

You can start small by setting up an office affiliated with a major industry player. Before you launch your business, you need to know your products well and focus on a niche market. Will you be offering property, health or life policies, among others? You’ll also need to consider the emerging technologies in coming up with business models. It would be helpful if you have actuary skills, some customer service experience and great networking skills.

4. Restaurant

How to start a restaurant business

Opening a restaurant is no easy task, but it can be very lucrative, and especially right now. US dining is bouncing back from pandemic and set to generate $900 billion in sales in 2022. The pandemic, however, has reshaped the industry and many experts think it may be a couple years before business conditions return to normal. But if you’re keeping track of the trends, you could build a digital presence and establish strong delivery services before opening your doors.  

There are many other things to consider. First, it’s important to decide what type of restaurant you want to open. Do you want to serve classic American fare, or specialize in a certain cuisine? Do you want to do casual or fine dining? What about a family-style restaurant? Next, it’s a good idea to research the competition in your area and come up with a plan to set yourself apart. Starting a restaurant can be tough, but if you’re prepared for the challenges ahead, it can be an incredibly rewarding experience.

5. Real Estate

how to start a real estate business

The US real estate market has been booming in recent years, and is now worth nearly $400 billion and expected to see further growth in the years ahead. As an entrepreneur, you’re probably always on the look-out for new opportunities. Right now, with sales totals and home prices at record highs, real estate ranks among the largest and most promising markets. And best of all, you’ll be helping families settle down and build communities. 

Of course, starting a real estate business isn’t as easy as getting out of bed. You’ll need to educate yourself about the market and obtain a real estate agent’s license. You’ll need to familiarize yourself with all of the relevant online tools and information to keep you updated on market trends, and find a local broker to partner with. Finally, you’ll need to set up a website and successfully market your home buying and selling abilities in order to stand out in a crowded marketplace. 

All that done, you’ll be ready to start building your real estate empire.

6. Laundromat

How to start a laundromat business

Laundry’s a dirty shop, but somebody’s gotta do it! Laundromats that provide drop-off services, cleaning customers’ clothes as they go about their day, are always in great demand. A laundromat can be a profitable enterprise that provides much needed convenience to the local community.

But there are two key hurdles. The first is finding a good location, one with no nearby competition, lots of foot traffic, and enough space for a couple dozen machines. The next hurdle is, you guessed it, coming up with the money for all those machines! Starting a laundromat tends to cost about $100,000 at the low end, and some startups spend much more than that. 

But recent advancements in washing machines mean that they accept all kinds of payment and you can keep track of your business via mobile app. These days, a laundromat is largely hands off, so once it’s up and running there will be little for you to do besides count all that money rolling in.

7. Stock Trading

Stock Trading

If you have experience with securities, you might want to consider getting into the stock trade. The stock market is projected to continue growing in the next several years, with more than 40,000 industry jobs expected to be created annually through 2030. 

The first step in starting a stock trading business is to secure a license and become a member of a stock exchange. You can start small and trade from home. It’s important to make a business plan and come up with ways to differentiate yourself from other agencies in order to attract clients or investors. It’s wise to offer a diversified portfolio, research the market, monitor any business news likely to impact the stock market, and brace for any wild swings that could result in losses.

8. Home Remodelling

How to start a remodeling business

You love your home, but sometimes you think it might need a bit of an upgrade, right? Countless homeowners across the United States feel the same way, which is why the US remodeling industry is worth more than $110 billion. What’s even better for the entrepreneur is that the industry has expanded more than 50% in the past decade, and is looking toward continued growth in the years ahead.

If you’re good with your hands, you could start your own remodeling business, help homeowners build their dreams, and make a good living all at the same time. There will be a lot of work involved, and some investment as well. You’ll need a truck or work van, as well as all the relevant equipment and tools, from saws and drills to ladders, screwdrivers and more.

You’ll need hard workers and insurance, and you’ll also need to decide which services your business will offer. Bathrooms and kitchens? Patios and terraces? Basements and rec rooms? Or you could go with all of the above. Whichever route you choose, be sure to familiarize yourself with all the local laws and regulations. The last thing you want is to have your growing remodeling company stopped in its tracks by major fines and violations.

9. Vending Machine

How to start a vending machine business

People are always looking for a snack, which is why vending machines are everywhere — hospitals and train stations, schools, offices, special events and beyond. That means good revenue, even in a recession. 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, grab a share of that market and give yourself a steady stream of nearly passive income. 

It requires a sizable investment to buy that first machine or two, 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.

10. ATM Business

How to start an atm business

You probably don’t think about it when you’re getting cash, but the global ATM market is worth a massive $20 billion. Even better than that, the industry expects to see strong and steady growth through 2028, which means now is a great time to start your own ATM business, help people get the money they need when they need it, and grab a slice of this expanding market. 

It’s relatively easy to get started. The main hurdle is getting that first ATM machine, which will cost from $3,000 to $10,000. Next, you’ll need to secure a high-traffic location, such as on a main shopping street or in a busy nightlife area. Once you’ve installed that first machine, you’ll soon see a steady stream of passive income. Save all that up, and soon enough you’ll be able to buy a second machine, then a third, and before you know it you’ll be running an ATM empire!

11. Photography

How to start a photography business

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. 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!

12. Car Rental

How to start a car rental business

As people book long-delayed holidays in the wake of the pandemic, car rentals are booming, with global revenues expected to double by 2027. With some hard work and determination, you could start your own car rental business and provide travelers the transport they need while grabbing your share of a growing $50 billion US market.  

Keep in mind that this is a competitive industry, which means you’ll need to find ways to stand out, such as with deep discounts or a unique selection of cars. Speaking of which, you’ll also need to lay out a sizable investment to get your initial fleet of four to five cars. Finally, it’s crucial that you meet all the licensing and insurance requirements or your business could face severe fines, or worse.

But if you’re able to clear these hurdles, there’s a good chance your car rental business will soon be cruising down easy street.

13. Multi Service Business

Multi Service Business

Want to set up a business but not sure what services to offer? You could go with a multi-service business. For example, you can start with handyman services. Annual spending for these services is estimated at $4.5 billion in the US. Then you could add a concierge service to help clients carry out time-consuming tasks and errands. You could later add travel bookings and personal shopping.

Your multi-service business could serve as a one-stop shop that offers a variety of services so that customers don’t have to hop from one service provider to another. To get started, check out the market and find out what services are still needed. By making these and other complementary services available, you will be offering convenience to your customers and most likely gain their loyalty.

The most important step is building your brand of service. You should have a clear vision of your brand and identity to be able to draw up an efficient marketing strategy and attract loyal clients.

14. Self Storage

How to start a self-storage business

What to do with all that old stuff that no longer sparks joy? As people look to get more organized, the US self storage industry has been growing steadily in recent years, with the number of facilities nearing 50,000. As more Americans move into cramped apartments and small offices, demand is expected to increase. Starting a self storage business can be a great way to earn a solid income. 

You can start small and convert an idle space at home into a self storage facility, or you can invest in a property and build a structure with self storage units. You’ll need to apply for the necessary permits, comply with zoning regulations, and install a security system. It’s wise to research the market to find out what other companies are offering and how much they’re charging. Once you have an effective marketing campaign in place, you can just sit back, relax, and collect storage fees.

15. Computer Repair

How to start a computer repair business

Businesses stand to lose customers and important data whenever their computer systems are down, which is why demand is very high for computer maintenance and repair services. The US computer and electronics repair industry is valued at $19 billion. If you’re knowledgeable about computers and have troubleshooting skills, consider starting a computer repair business. 

This type of business can be run from home, with minimal startup and overhead costs. But you’ll still need to register your business and comply with applicable regulations. Obtaining certifications on top of a bachelor or associate degree will increase your value and attract more clients so it’s wise to apply for these. Computer repair technicians mostly study computer science, IT, or information systems. It’s also important to stay up on the latest trends. With real skills, you’ll be making good money in no time.

16. Hand Car Wash

How to start a car wash business

If you’re looking for a low-cost business idea, why not start a hand car wash business? It’s easy to start, requires minimal investment, and a great way to make money. Most Americans have their cars washed every two weeks, and many car owners still prefer traditional methods over automated car washing. 

Hand car washes are more thorough as there are areas in the car that machines can’t reach. It also prevents premature rusting and is more eco-friendly since there is no toxic runoff. 

A hand car wash business can be operated as a stand-alone business or as a part of a larger service business, such as an auto detailing shop. It is important to identify a target market and craft a marketing strategy to attract customers. It’s also a good idea to get on social media, start offering your services to your family and friends, and establish a referral network.

17. YouTube Channel

How to start a youtube business

So you want to start a YouTube business? Great idea! The opportunities for online businesses are endless these days, and video platforms like YouTube are one of the best places to start. YouTube’s ad revenue increased a stunning 25 percent in 2021, which means now is a great time to get in on the action. 

There’s no doubt that YouTube is a powerful business tool. But it can be a little tricky to know the best way to start a YouTube business. If you have some expertise or skill that is in great demand, you’ll want to create a series of videos and start your own YouTube channel. From there, you’ll need to generate visitors, and a great way to do that is to post about your videos and expertise across all social media, and tell your family and friends. 

As you keep delivering quality content, you should be able to start generate subscriptions, and that’s when the ad dollars start rolling in.

18. Babysitting

How to start a babysitting business

If you think babysitting is just for teenage girls, think again. It’s a chance to make good money while making a real difference — helping out families in need and shaping and caring for young minds. It can also be a lot of fun! What could be better than that? 

Childcare is a growing industry that offers a variety of opportunities for the entrepreneur. You could babysit in your free time to add another income stream, or you could go full-time and launch a babysitting business that offers all-day care and nannying. Your first step should be to register with your local government as a provider of childcare services, and once that’s done nail down your service offerings and prices and start your marketing. 

You could reach out to friends, family, acquaintances and work colleagues, making clear your reliability and availability. Once you’ve gotten a client or two, jump on social media and start hyping your babysitting skills on Instagram, Facebook, Twitter and beyond. You could soon have so many customers you’ll have to turn some away! That’s the best kind of business problem.

19. Non-medical Home Care

How to start a home health agency business

As the massive Baby Boomer generation ages and needs more daily assistance, the non-medical home care market is growing fast. It’s already worth nearly $300 billion globally and expected to see strong 8% annual growth in the coming years. If you like helping people, you could start your own home care business and improve people’s lives while also making a good living. That’s a win-win! 

Of course, you’ll need to do a bit of work to get there. First, your state may not require licensing for non-medical home care. Check with your state for details. If you don’t need a license, it’s still a good idea to get a bit of training, even from an online platform like Care Academy.  

Next, your business will definitely need reliable insurance in the event of any incidents, so be sure to get that. Finally, just register your business and start offering your services on home care platforms and services sites like Angie’s List. With a bit of luck, determination, and strong marketing, you’ll be caring for people in no time, and building a successful business.