are you looking for the best canadian small business opportunities in this video we’ll give you the 13 most profitable small businesses in canada [Music] hey everyone welcome to billion stories what’s the best business opportunity in canada if you’re looking for a way to make money there are plenty of opportunities in canada here small businesses are often the most successful and profitable ventures whether you’re looking to start your own business or find a new opportunity to grow one canada has something for you if you have the passion and the dedication you can make a lot of money in canada’s small business community thirteen most profitable small business opportunities in canada twenty twenty two canada is one of the richest countries in the world it has a long history of attracting migrants from around the globe today canada is a diverse country with a wide range of opportunities for business owners that’s why in this video we present the thirteen most profitable small business opportunities in canada so let’s get started number one consulting starting a consulting business in canada is a promising venture the canadian economy is growing and many businesses are looking for consultants to help them with their growth the demand for consultants is expected to continue to grow in the coming years it’s a service-based industry with many opportunities available through international national and regional companies this type of small business opportunity is perfect for those who are willing to take the long hours and pay their dues to get ahead in the industry one of the most profitable ways you can offer your consulting services is by doing so online you can sell your services through websites like fiverr or upwork.com which allow you to set your own rates for different jobs starting a consulting company in canada is a great way to be your own boss and earn a good income but before you start you need to do your homework and develop a convincing business plan what is consulting business a consulting business is a professional service that provides advice and assistance to companies and other organizations they are typically small businesses with a team of experts in various fields who offer their services to clients on a project basis why consulting in canada is a promising business opportunity there are a lot of reasons starting a business as a canadian consultant is a good idea the global consulting market is estimated to be worth 250 billion dollars and is expected to grow at a rate of 5.2 percent per year between now and 2025 canada’s economy is growing and there are more and more companies that are hiring consultants to help them grow it is expected that demand for consultants will continue to increase over the next few years and because of this there will be more work for consultants it is possible to become your own boss by starting a consulting business in canada this will allow you to save money on office space and have a schedule that suits you number two waste management waste management is a great business to get into in canada with a population of over 35 million people there is a lot of waste that needs to be managed waste management in canada is a 7.6 billion dollars industry and is projected to grow at a rate of 3.5 percent per year until 2025.
this presents a significant opportunity for businesses to get involved in the waste management industry this also provides a great opportunity for entrepreneurs to start their own cleaning businesses if you’re looking for a profitable business idea you may want to consider the waste management industry in canada there are many opportunities in this area from collecting and recycling to waste disposal and landfill management whatever approach you take you’ll need to build up a good customer base to be successful what is waste management waste management is the procedure of handling storing and disposing of waste materials it includes both the collection and disposal of waste waste management is crucial because it prevents pollution and protects the environment why waste management in canada is a better business opportunity the amount of waste produced in canada each year is enormous according to canada.ca in 2016 canadians produced about 33.6 million tons of waste and it will reach 35.6 million tons that’s a lot of waste unfortunately a lot of that waste ends up at landfill sites in fact about two-thirds of the waste produced in canada each year is sent to landfill landfills are a big problem because they produce greenhouse gases when waste decomposes in a landfill it releases methane a powerful greenhouse gas methane is about 28 times more potent than carbon dioxide so it’s a big contributor to climate change thankfully there are ways to reduce the amount of waste that goes to landfill one way is to recycle more recycling is a great way to reduce the amount of waste that goes to landfill waste management is a big business opportunity because there is a lot of waste produced in canada each year canada offers businesses many opportunities to make money from waste management canada has one of the highest recycling rates in the world with a rate of 72 percent there is a lot of demand for recycled materials which gives businesses an excellent opportunity to start doing business with a company that recycles materials canada is relatively large but it has a small population which results in a lower population density this means that waste management businesses do not face as much competition which makes it easier to get started in the industry it is important for the government to encourage businesses to get involved in the waste management industry canada offers tax credits to businesses that invest in waste management infrastructure there are many reasons dealing with waste in canada is a better business opportunity than doing it in other countries businesses that are interested in getting involved in the waste management industry can take advantage of the high recycling rates the large land masses the small population and the support of government policies with careful planning and execution starting a waste management business can be a very profitable business venture number three e-commerce the e-commerce business is growing rapidly with the technological advances and increases in internet usage by 2025 it is estimated that global ecommerce sales will reach 7.4 trillion dollars this type of business model has many advantages over traditional brick and mortar businesses such as lower costs increased reach and convenience ecommerce offers vast opportunities for businesses to succeed if you know how to find a profitable business opportunity and capitalize on it you can make a lot of money from your online ventures what is an e-commerce business an e-commerce business is a type of business that specializes in selling products and services over the internet in other words an e-commerce business is a business that allows customers to purchase products or services online customers can browse and purchase products 24 7 from the comfort of their own homes why is e-commerce in canada a lucrative business opportunity the e-commerce business is a booming industry with a bright future the global ecommerce business is projected to reach 7.
4 trillion dollars in 2025.
by 2025 ecommerce is projected to account for 22 percent of all global retail sales this industry is growing at a rapid pace and is expected to continue to do so in the coming years there are several reasons for this industry’s success including the increasing use of the internet and mobile devices the growing middle class and developing countries and the increasing sophistication of consumers e-commerce is the perfect opportunity for small businesses in canada with e-commerce you can sell anything from toilet paper to handbags and you can start making money on the internet right away you can even generate revenue on the internet without owning a storefront or having a brick and mortar location if you’re thinking about starting your own e-commerce business in canada then this is one of the best business opportunities number four drop shipping there are many business ideas and opportunities available for those looking to start their own business in canada drop shipping is one such opportunity that has been growing in popularity in recent years this is one of the top small business opportunities in canada in canada drop shipping businesses are growing in popularity as more and more entrepreneurs look for ways to start their own businesses without a large upfront investment drop shipping offers a great way to test out new product ideas as you can quickly and easily add new products to your store without having to worry about inventory or shipping what is drop shipping a drop shipping business model allows online entrepreneurs to sell products straight to their customers without holding inventory when a store owner receives an order they contact the supplier who ships the products to the customer dropshipping allows store owners to start and run their businesses with very little upfront investment why is drop shipping in canada an excellent business opportunity drop shipping is a fantastic business opportunity for entrepreneurs in canada because a lot of different factors enable them to do it canada is a modern industrial country with a well-developed economy the country has the ninth largest economy in the world with a nominal gdp of 1.73 trillion dollars that makes it an attractive market for e-commerce entrepreneurs it guarantees that there are stable conditions for businesses to operate and grow canada is a very big country with a large population and a very high per capita income there is a large potential market for businesses to sell products to canada is well equipped with a well-developed infrastructure which includes a strong transportation network this makes it easy to ship products to and from canada easily canada has strong regulatory policies that protect businesses and consumers canada is a safe and reliable place to do business number five fulfillment fulfillment in canada is a fantastic business opportunity for many businesses because it allows them to reach new customers in different countries it is a cost-effective way for businesses to store and ship inventory what is a fulfillment service a fulfillment service is a type of trucking company that specializes in the storage and distribution of goods canada has many different fulfillment services that cater to the needs of businesses and individuals these services provide a variety of benefits including the ability to store products in a secure location the ability to distribute products quickly and efficiently and the ability to track inventory levels they can also provide customer support and returns management fulfillment services can be provided by a third-party company or an in-house team e-commerce has become a multi-billion dollar industry and it’s only going to grow fulfillment is a service that helps businesses operate online it allows you to efficiently manage your inventory and it provides packaging for shipping products fulfillment services are an important part of the canadian economy and play a vital role in making sure that businesses can operate smoothly and efficiently businesses like amazon zappos and alibaba are built on fulfillment services so why not offer this unique business opportunity in your area why fulfillment service in canada is an excellent business opportunity fulfilling business contracts in canada is a great business opportunity for many reasons the canadian population is growing according to statistics canada the population is expected to reach 38.9 million in 2024.
The canadian economy is strong gross domestic product is expected to grow by 2.
6 in 2023 canadians have a high disposable income the average disposable income is 33 000 canada has a low unemployment rate the unemployment rate is 5.8 percent canadians are online shoppers according to the canadian internet registration authority 78 of canadians shop online all of these factors make canada an excellent market for fulfillment services businesses that can provide these services will be in high demand number six digital marketing digital marketing is a great small business opportunity in canada it’s a very flexible business because it can be done from home and you don’t need any special equipment digital marketing is also a great business to start because it is a low risk high return business there are many ways to market your business online you can advertise on social media create a website or even build an email list what is digital marketing digital marketing is the process of using electronic channels to promote or market products or services to consumers businesses and organizations it can be done through a variety of digital channels such as email social media search engines and websites why is digital marketing a fantastic business opportunity in canada digital marketing is a fantastic opportunity for businesses in canada it is highly effective and there are many factors that contribute to its success canadians are extremely digitally savvy with over 85 percent of them using the internet every day being able to access the internet at such high levels of usage provides a huge pool of potential customers for businesses to target canada has a very strong economy which provides businesses with a stable environment to work in the canadian government has provided a lot of tax incentives to businesses that use digital marketing strategies as well as provided other forms of support for them canada is a great place to start or expand your digital marketing business benefits of starting a digital marketing business the main benefits of starting a digital marketing business in canada include being able to work from home if you have an existing business this is a great business for you it will save you money as you won’t need to hire a sales person this means that your profits will increase you can build a successful business by building an email list of your customers and prospects another great benefit of having a digital marketing business is that you can grow your business at a low cost per acquisition if you offer discounts you can attract more customers number seven real estate the world of real estate is constantly changing and evolving the way people look at real estate is also changing at the moment people are looking for a safe investment that has a good return that’s why it’s one of the best business opportunities in canada the real estate market is growing and there are many ways to make money with it what is real estate business a real estate business is the business of buying selling or renting land buildings or housing it is a type of business that is concerned with the production distribution and management of real estate the real estate business can be divided into three main categories residential commercial and industrial why is real estate in canada a promising business opportunity there are many reasons buying and selling real estate in canada can be a profitable business opportunity canada’s population is growing rapidly that is one reason for this canada’s population is expected to reach 38.57 million by 2023 according to statistics canada this is going to cause a demand for both housing and real estate the real estate market in canada is one of the most promising and profitable markets in the world there is a growing demand for commercial properties in canada due to the strong economy low unemployment rate high average income and low interest rates this makes the canadian real estate market one of the most profitable businesses in the world number eight healthcare the canadian health care system is in need of modernization as it faces a major challenge with an aging population and the increasing prevalence of chronic diseases the canadian government is trying to modernize the health care system and make it more efficient why health care is the most profitable business opportunity in canada health care is a promising small business opportunity in canada with a growing population and increasing demand for health care services businesses that provide health care services are likely to grow quickly there are many opportunities for businesses to enter the health care market and there is potential for many successful companies to become very profitable healthcare is the largest and fastest growing industry in canada it’s estimated that by 2025 healthcare will be the third largest industry in canada behind the automotive and aerospace industries number nine software development software is a crucial component of every industry and it plays a vital role in business success many canadian businesses are using software to manage their day-to-day operations the software development industry in canada is booming and offers vast opportunities for skilled professionals according to the latest statistics the industry is growing at a rate of 4.5 percent annually and is expected to reach 17.38 billion dollars by 2022.
this growth is driven by the increasing demand for innovative and cutting-edge software solutions in both the public and private sectors why is software development the most profitable business opportunity in canada software development is a profitable small business opportunity in canada this is because the software industry continues to grow software development firms are even using technology to create new and innovative products that customers are interested in buying in addition to that people are becoming more reliant on computers and other technology which is pushing the demand for software furthermore a growing number of businesses are adopting technology to run their operations the canadian government is also trying to develop new technologies to help reduce costs and improve service delivery for example artificial intelligence is being used to help identify medical errors and deliver more timely diagnosis and treatment other countries such as germany and japan are also investing heavily in digitalization digitalization allows us to improve the efficiency of our health care system while at the same time reducing costs number 10 sell your services online there are many different types of businesses that one can operate in canada but not all of them are equally profitable one of the most profitable businesses that you can start up in canada is selling your services online if you’re a freelancer consultant or small business owner in canada selling your services online is the best business opportunity for you this is a great way to reach new customers and grow your business you can sell your services through a variety of online platforms including facebook twitter and linkedin you can use online classified ads online directories top dollar for quality work if you have a skill or talent that you can offer people then selling your services online is an excellent business opportunity for you there are a few things to keep in mind when selling your services online such as making sure that your website is professional and easy to navigate you will also need to create a strong marketing strategy to attract customers to your site if you are looking for a profitable business opportunity then start this business number 11 online education technology has drastically changed the way we do business in today’s economy more and more people are turning to the internet for their education online education is a great way to get ahead in your career and it’s also a great idea to start your own business why is online education a favorable business opportunity in canada online education in canada is booming the internet has made it possible for people to take courses from anywhere in the world and it’s growing into a multi-billion dollar industry the global online education market is expected to reach u s six hundred forty five billion dollars by twenty thirty according to statista revenue from online education in canada is projected to reach us 4.21 billion dollars in 2022 people from all over the world are moving to canada with their families in search of a better life they have to learn new skills to get better jobs and joining colleges and institutes is very expensive this creates a big opportunity for online education primarily because of low course fees there are many advantages to starting an online education business in canada for one you can reach a larger audience than you would if you were limited to teaching in person you can also offer a flexible schedule that works around your students busy lives number 12 social media marketing social media marketing is a huge opportunity in canada social media marketing is a great way to connect with customers and promote your business it can be used to build brand awareness engage customers and drive sales there are many different social media sites where you can promote your business many social media platforms offer different opportunities for businesses for example social media sites like facebook are great for establishing relationships with customers while twitter is perfect for sharing news and updates with the public why is social media marketing a good profitable business opportunity in canada social media marketing is one of the most lucrative business options in canada as of 2022 there were an estimated 34.47 million social media users in canada which is about 92 percent of the country’s total population this number is only expected to grow in the coming years which presents a huge opportunity for businesses to reach their target audiences through social media marketing ways to make money from social media marketing there are a lot of ways to make money from social media marketing such as charging for advertising promotional posts or sponsored content you can also offer consulting services to help businesses maximize their social media presence here are some tips on how to make money from social media marketing use social media platforms to promote your products or services create and manage a social media marketing campaign provide social media consulting services to businesses sell social media advertising space on your blog or website offer social media training services to individuals or businesses if you’re looking for a profitable business opportunity in canada than the social media marketing business you would consider number 13 business support services in today’s business world there is a lot of competition and it can be tough to make a profit however there are certain businesses that are always in demand and offer a great opportunity to make money one of these businesses is business support services business support services include a wide range of activities from administrative tasks to marketing and sales support basically any task that a business needs to outsource to focus on its core competencies is considered a business support service why is business support services a top business opportunity in canada small businesses are the backbone of the canadian economy and business support services are a key part of ensuring their success businesses need access to quality support services from startups to established enterprises to help them grow and thrive the business support services industry in canada is a five point five billion dollars industry that employs over three hundred thousand people the industry is expected to grow at a rate of two point four percent per year over the next five years this growth is driven by the increasing demand for business support services from small and medium-sized businesses the service industry contributes 78 percent of the country’s gdp there is a growing demand for quality business support services and canada is well positioned to provide these services to the world there are a lot of government funded programs and initiatives that provide business support services the canadian government has also been working to create a more supportive environment for businesses through regulatory reform and tax changes the result of all this is that there are many opportunities for businesses to get the support they need to grow and succeed in canada whether you are looking for advice on starting a new business help with marketing or financing or just want to connect with other entrepreneurs there are business support services available to help you ways to make money from business support services there are many ways to make money from providing business support services one way is to offer your services as an independent contractor this means that you will work with businesses on a project basis charging them for the time and effort you put into each project here are a few ways to make money from business support services provide administrative support such as scheduling appointments answering phones and managing correspondence support with bookkeeping and accounting tasks such as invoicing and payroll help manage social media accounts and create content plan and coordinate events serve as a virtual assistant provide customer service manage inventory and shipping create and maintain websites design and implement marketing campaigns write and edit business documents why is canada the best country for international business regarding international business canada is often overlooked in favor of larger economies like the united states however there are plenty of reasons canada is a better place to do business for one thing canada has a much lower corporate tax rate than the us making it more profitable for businesses additionally canada is a much more stable country politically and economically which makes it a less risky place to do business finally canada has a highly skilled workforce and is home to many world-renowned universities making it an excellent place to find talent so if you’re looking for a good place to start or expand your business canada should definitely be at the top of your list with its favorable tax rates stable economy and highly educated workforce canada has everything you need to succeed in international business here are some further reasons canada is best for international business canada is a highly developed country with a strong economy canada has a well-educated workforce canada has a low crime rate canada is a multicultural society canada has an excellent infrastructure canada has a favorable tax regime canada has a proven track record of attracting foreign investment canada is a large market with a wealth of natural resources canada has a high standard of living canada is a great place to live and work canada has a large market size canada is a world leader in several industries including in the production of natural resources such as diamonds gold uranium nickel lead etc conclusion in conclusion these are the 13 most profitable small business opportunities in canada this list is by no means exhaustive but it should give you an idea of the types of businesses that are doing well in canada if you’re thinking of starting a small business research the industry and talk to successful entrepreneurs to get some ideas and remember it’s not just about making money it’s also about finding a business that you’re passionate about and making a difference in your community i hope you found this video useful and informative please give us a thumbs up and be sure to subscribe because more incredible content is on the way thanks for watching [Music] you