7 Most Profitable Businesses With Least Investment in 2020

Page 4 of 4

5. Handicrafts

Score: 8 pts

Ever heard of PlannerKate1 on Etsy (NASDAQ: ETSY)? She has over a million sales transactions on a single Etsy shop. If you have an eye for arts and handicrafts and you know how to market it, you’ll be able to take advantage of the steady growth of the handicrafts industry. The best part is you can start selling art and crafts materials at home! With the recent global market watch, the global Arts and Crafts market size are projected to reach USD 54530 million by 2026, from USD 43340 million in 2020, at a CAGR of 3.9% during 2021-2026.

KMNPhoto/Shutterstock.com

4. Translating Services

Score: 8 pts

The face pace of globalization calls for a huge demand for global language service, translation is one wherein one language needs to be directly translated into another. The market has doubled in size over the last ten years, hitting the US $ 46.9 billion in 2019 and is projected to grow to 56.18 U.S. billion dollars in 2021. One of the popular companies in translating services is Lionbridge Technologies Inc, (NASDAQ: LIOX) which generated a revenue of approximately 705 million U.S. dollars in 2019. On the other hand, the average hourly pay for a translator job in the U.S. is $29 per hour.

Click to continue reading and see the 3 Most Profitable Businesses With Least Investment in 2020

Disclosure: No positions.  7 Most Profitable Businesses With Least Investment in 2020 is originally published on Insider Monkey.

Page 4 of 4