5 Most Profitable Businesses to Start from Home

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1. Pet Services 

Average Net Margin: 40%

Pet services is one of the most profitable businesses to start from home in 2023. The global market for pet services reached a market value of $24.92 billion in 2022, Grand View Research reports. It is expected to grow at a CAGR of 9.21% from 2023 to 2030, with pet humanization, increasing pet expenditures, and demand for companion animals being key drivers of this area of business. 

APPA National Pet Owners Survey reveals that about 66% of U.S households own a pet. These pet owners spend a lot on their pet’s grooming and services such as pet walking or pet-sitting. Therefore, pet services are a rather lucrative venture that can be started with minimal capital investment for a solid source of income. The average net profit margins in this business is 40%

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