5 Most Profitable Online Businesses To Start In 2024

3. Social Media Management & Consultancy

Number of Mentions: 6

Average Industry Net Margins (2022): 4.83%

Opening a social media management and consultancy firm is one of the most profitable online businesses to start in 2024. With the growing popularity of social commerce platforms, social media companies may leverage the opportunity to provide customized e-commerce and marketing solutions. As per our understanding, social media management and consultancy falls under the business and consumer services and advertising industry. Therefore, we took the average of the two industries and have it displayed above.