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10 Most Profitable Businesses in 2021

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In this article, we will take a look at the 10 most profitable US companies in 2021. You can skip our detailed analysis of the business industry and go directly to 5 Most Profitable Businesses in 2021.

With the pandemic of 2020 wreaking havoc on businesses and even entire industries in a matter of days, it is altogether too soon to predict the success, or lack thereof, of businesses and industries in 2021. However, given current circumstances and the business environment, the following businesses have been identified as the most profitable in the United States for the year 2021. The analysis has been conducted on the basis of the business environment in the US, the prevalence of periodic COVID-19 outbreaks, and the long-term prospects of the businesses.

With this context and industry outlook in mind, let’s start our list of the 10 most profitable US companies in 2021.

most profitable businesses in 2021
most profitable businesses in 2021

Photo by Kelly Sikkema on Unsplash

10. Tutoring Business

The majority of schools and colleges in the United States are offering online classes instead of allowing students to attend classes on campus due to the prevalence of the COVID-19. The tutoring business is especially profitable during the COVID-19 pandemic as students do not understand their lessons sufficiently via remote learning. Startups such as TeacherPod were solely designed to meet the students’ rising demand for tutors. Moreover, tutoring companies based in the United States such as Chegg and Club Z! Inc., have been thriving.

Tutoring businesses in the United States may specialize in one, or more, of the following:

  • Natural Sciences

  • Foreign Languages

  • Mathematics

  • History

  • English

  • College Essay preparation

  • Entrance Tests preparation

  • Management Sciences

As these tutoring services would undoubtedly be offered exclusively using video software, the startup costs for such business would be low. Moreover, the operating costs of the business would be low, as most aspects of the business would be service-oriented instead of product-oriented and fixed costs would most likely be limited to the cost of internet data and any software that the business would use. Tutoring services would be profitable both on small and large scales. The tutoring business may even consist of one or two people entirely, making the margins extremely high. As many students required tutors even before the COVID-19 outbreak, the tutoring business would flourish even after the pandemic has passed. Depending on the level of education of the tutors, the revenue earned by each tutor could be up to $56 per hour. It is hence no wonder that the size of the online tutoring industry in the US for the year 2021 is $1.3 billion with a growth of 10.2% since 2016.