15 Most Profitable Small Businesses to Start in 2024

3. Tutoring

Becoming a tutor is one of the most profitable small business ideas to start in 2024. Tutors can tutor online and create a remote tutoring agency to save costs. According to Grand View Research, the global online tutoring services market was valued at $7.69 billion in 2022. The online tutoring services market is expected to grow to $23.73 billion by 2030 from $8.97 billion in 2023 at a compounded annual growth rate (CAGR) of 14.9%.