Are you interested in starting a business in Chicago IL, USA but you lack ideas? Then below are the top ten best small business investment opportunities in Chicago Illinois. Chicago is one of the most popular cities in the United States and one of the most fertile grounds for small businesses.
If you live in Chicago at the moment or are planning to move there in the future, then below are 10 profitable business opportunities in Chicago, IL, USA that will most likely thrive in the city.
Top 10 Small Business Investment Opportunities in Chicago IL
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1. Recycling pickup
As is the case in most other parts of the United States, most homeowners in Chicago have pickup bins for recyclable materials such as paper, glass, plastic and even food waste. But they often don’t make the effort to recycle materials like electronics and batteries, which are even more dangerous to the environment than paper or glass when left in landfills.
So, you can consider collecting broken laptops, old televisions, used laptop and mobile phone batteries, and other e-wastes and get paid for taking them to your any electronic recycling facility in Chicago. You can either charge by weight, per item, or a flat fee plus the cost of transportation to and from the recycling facility.
2. Software training service
If you pride yourself on being highly skilled in using specialized software packages, such as Adobe Photoshop, QuickBooks, and so on, then you can get paid to teach others how to use them. While there are many free tutorials and other online resources that teach how to use these programs, understanding how they work usually requires one-on-one training.
3. Healthcare consulting
With the increasing age of the baby boomers comes an escalating demand for healthcare services. And if you are a professional in any field with that has some relationship with healthcare, you can benefit from this trend.
You can consider offering data and management analysis for hospitals, therapist offices, and laboratories in Chicago to help them come up with solutions to save money. Who says your marketing or economics degree can’t fetch you money from the healthcare industry?
4. Food truck business
According to Intuit and Emergent research, the food truck industry will hit $2.7 billion by 2017, which means it’s a booming industry all over the United States. You can consider starting a food truck business that caters to Chicago residents. This business is cheaper to start than a brick-and-mortar restaurant because trucks are cheaper.
In order to fill the skill gaps in their staff and to cut costs, many companies in Chicago are now turning to freelance contractors for various projects, such as copywriting, data entry, and many others. If you are highly skilled in rendering any of these in-demand services, then you should consider starting a freelancing business.
6. Mobile consulting
More than half of Chicago residents own and surf the web using a mobile phone, which means one of the best ways for local businesses to market their products and services is to go mobile. That is, optimizing their online marketing campaigns for mobile viewers. If you deeply understand the strategies of mobile marketing, then you can make money by providing affordable mobile solutions to businesses that need them.
7. Mobile salon
As a significant fraction of the population grows older, there is a booming demand for various services that cater to seniors; and not all are related to healthcare. An example of such services is a mobile beauty salon, which travels to customer’s homes to do their hair or nails. Most seniors and even stay-at-home moms will always jump at this opportunity to look good without having to leave their homes for the salon.
Smartphones and tablet PCs are becoming increasingly popular as more people use them for personal and business purposes. Even though fixing a broken smartphone or tablet can be expensive, many people would still go for this option because the cost is usually far less than the cost of buying a new one.
If you have a knack for fixing faults in electronic devices, why not learn how to fix damaged smartphones and tablets? You will make a lot of money because you have a large market to cater to.
As Chicago residents become increasingly health-conscious and time-strapped, they look for quick food on the go that contains no ingredients that can harm their health. This creates huge profit opportunities for businesses that own and service vending machines that offer healthy foods and snacks.
10. Real estate
The real estate business is a money-spinner in Chicago, just as is the case in most other parts of the United States. If you have some knowledge of how things work in this lucrative industry, then you should consider taking a plunge.
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