5 Easy-to-Start Small Businesses That Could Elevate Your Income

2. Dropshipping

Compound Annual Growth Rate (2023-2030, Grand View Research): 23.40%

Expected Market Value (2030): $1.25 Trillion 

Dropshipping essentially saves a lot of inventory ordering and holding costs for businesses. Budding entrepreneurs can sell niche items through dedicated platforms such as Alibaba, Amazon, and Etsy. Some of the most popular products in the dropshipping industry include toys, DIY items, furniture, appliances, personal care items, electronics, and fashion products.