7 Low Cost Business Ideas With High Profit

3 – Business Consulting

Profit Margin – 60%

Average Startup Cost – $12,272

The global management consulting services market size is projected to reach a valuation of $811.3 billion by 2031, with a CAGR of 10.2% from 2022 to 2031, Allied Market Research notes. It was valued at $316.5 billion in 2021. Many companies are undergoing digital transformation, so specializing in digital transformation consultation will help you generate good revenue.