21+ Profitable Business to Start with $50k in Canada: 2022

Starting a business in today’s time is not as difficult as before, especially in Canada, Canada is the 9th largest economy in the world with a GDP of  $1.99 trillion which opens the door for people to do business.

Many people want to know, what business to start with $50k in Canada, If you are also looking for the answer to this question then you have come to the right place.

Canada is developing itself mainly in the software and computers industry. Corporate tax is very low inside Canada, so you can grow your business quickly.

With the right strategy, you can make a profitable business and make a millionaire with the help of just $50K.

So let’s know which business you can start in Canada for $50K.

What Business to Start with $50k in Canada: Profitable Business

Below you are going to know about more than 10 businesses that you can start for $50K or less.

What Business to Start with 50k in Canada: Profitable Business

Handmade Goods Business

In today’s time, people like to buy and use handmade things very much such as Greeting Cards, Scented Candle, T-Shirts, Scarf, Hat, etc.

If you are creative then you can easily make and sell handmade things using online stores like Shopify.

There are many people in Canada who are making handmade things and earning good money by selling them online.

Investment Requirement: $20k – $50k

How much can you make: $500k – $1M/month

Skills you need to learn: Crafty skill, Business skill, Customer service skill

Business mode: Online & Offline

Time to revenue: 200 days

So if you want to do a profitable business in Canada, then the business of handmade things can prove to be the best for you.

Start an Online Advertising Company

In today’s time, online advertising has become one of the best ways to do marketing. If you have advertising and marketing skills then you can open an online advertising agency in Canada for $50K.

Your main job in online advertising will be to promote your customer’s product or service to the target audience and bring in leads.

In this, you will have to create a marketing plan, create an ad, and find the best platform for advertising, along with it you will also have to analyze the performance of the campaign.

Investment Requirement: $20k – $50k

How much can you make: $100k – $1.5M/month

Skills you need to learn: Marketing skills, Copywriting skills, Advertising skill

Business mode: Online

Time to revenue: 90-180 days (depending on your efforts)

Bicycle Accessories Business

The demand for bicycles is increasing day by day in Canada, so the demand for accessories for bicycles is also increasing, which is a good opportunity for you to start a business.

You can easily open a bicycle accessories business with a $50K or less investment and make your business profitable.

Investment Requirement: $50k

How much can you make: $50k – $1M/month

Skills you need to learn: Customer service skills, Business skills, Advertising skills

Business mode: Online/Offline

Time to revenue: 180-250 days (depending on your efforts)

Online Course Business

In today’s digital era people prefer to study online and the number of people studying online is increasingly alone in Canada. If you are an expert in any field, then you can create an online course and charge money from people by giving courses to them.

You only need to create quality and engaging content, rest you can use a platform like Udemy to make your course accessible to the people.

If you want to start a business in Canada, then there will be no better business than this because you can earn more return with less investment in it.

Investment Requirement: $5K

How much can you make: $50K – $300K/month

Skills you need to learn: Teaching skills, Writing & Research skill

Business mode: Online

Time to revenue: 180-200 days (depending on your efforts)

Email Service Business

If you have $50K for investment then you can easily start an email service business in Canada and earn good money.

In today’s time, people use email services a lot and most businesses need professional email which they use for all their business work communication.

Investment Requirement: $50k

How much can you make: $200k – $600K/month

Skills you need to learn: Design skill, Writing & Research skill, Business skill, Coding skill

Business mode: Online

Time to revenue: 180-200 days (depending on your efforts)

Greeting Card Business

There is great demand for greeting cards in Canada, this can be a profitable decision for you to start a greeting card business and it does not require a lot of investment to start it.

If you have business skills then you can easily start a greeting card business and earn a good amount of money.

Investment Requirement: $10K – $50k

How much can you make: $80k – $600K/month

Skills you need to learn: Design skills, Business skills, Customer service skills

Business mode: Online/Offline

Time to revenue: 220-300 days (depending on your efforts)

Start YouTube Channel

You already know how fast YouTube is growing and people like to watch videos more. You too can start a YouTube channel in Canada with very little investment.

All you have to do is choose a topic and create a YouTube channel, after that your job will be to create quality content because unless you create quality content, you will not be successful on YouTube.

If you upload quality content on youtube with 6 months of consistency and your channel has 1000 subscribers and 4000 hours watched in the last 12 months then you will start earning money from youtube.

Investment Requirement: $5K – $20k

How much can you make: $50k – $900K/month

Skills you need to learn: Time management skills, Speaking skills, Teaching skills, Design skills, Business skills, Video editing skills

Business mode: Online

Time to revenue: 180 days (depending on your efforts)

Start SEO Agency Business

Ever since people have started spending more of their time online, in the same way, companies are searching for SEO agencies for their websites. Because they want to rank their website on 1st page of Google & for that SEO is must need.

If you have knowledge of SEO then you can open your own SEO agency and give your service to the companies. You can start this business with low investment & make a high profit.

As an SEO agency, you have to audit your client’s website or blog, after that, you have to plan for SEO and track the performance.

Investment Requirement: $30K – $50k

How much can you make: $100k – $500K/month

Skills you need to learn: Time management skills, Research skills, Team management skills, Design skills, Business skills, SEO skills

Business mode: Online

Time to revenue: 120 days (depending on your efforts)

Start a Recruiting Business

In the recruiting business, you search for potential candidates and schedule their interviews with companies, which is a win-win situation for both the company and the employees.

In today’s time, companies face problems in finding the right candidate and it is difficult for the employees to find the right company, you can solve the problem of both with your recruiting business.

It is easy to start this business in Canada and it does not take much initial investment.

Investment Requirement: $50k

How much can you make: $90k – $200K/month

Skills you need to learn: Time management skills, Research skills, Team management skills, Design skills, Business skills

Business mode: Online

Time to revenue: 120 days (depending on your efforts)

Start a Digital Marketing Business

The demand for digital marketing is increasing day by day and it is a good time for you to start a digital marketing business.

You will have to provide digital marketing services like SEO, PPC campaigns, Social Media Marketing, and Email Marketing to the companies.

You can start this business in Canada with $50K and you could make your business profitable in less than a year.

Investment Requirement: $50k

How much can you make: $100k – $2M/month

Skills you need to learn: Time management skills, Research skills, Team management skills, Design skills, Business skills, Marketing Skills

Business mode: Online

Time to revenue: 320 days (depending on your efforts)

Start a phone case business

The global mobile back cover market is going to grow to around $75 billion in the coming few years, so it can prove to be a profitable business idea for you.

In today’s time, the demand for mobile phone users is very high, so you can easily make a mobile phone case and sell it through online mediums.

If you are planning to start a business in Canada with $50K then a phone case manufacturing business can be a good business idea for you.

Investment Requirement: $30k

How much can you make: $120k – $200k/month

Skills you need to learn: Team management skills, Design skills, Business skills, Marketing Skills

Business mode: Online/Offline

Time to revenue: 220 days (depending on your efforts)

Career coaching business

If you can give the right one-on-one advice to people to move ahead in their careers, then you can easily start a career coaching business in Canada too.

You can give career coaching to people on the following topics:

  • Starting a business.
  • Goal-setting
  • Interview practices
  • Overcoming career anxiety
  • Resume building

You can enhance your skills and guide people according to the industry you are an expert in. Initially, you don’t need a huge investment to start this business.

Investment Requirement: $10k

How much can you make: $80k – $230k/month

Skills you need to learn: Speaking skills, Business skills, Marketing Skills

Business mode: Online

Time to revenue: 220 days (depending on your efforts)

App development company

The demand for app developers is very high in today’s time, if you want to start a business in Canada with $ 50k, then this option can prove to be the best business idea for you.

You can do an app development course online within 3-4 months and by learning all its skills, you can start an app development business.

Before starting the business of app development, you have to build your portfolio so that people can trust you. Not much investment is required to start this business.

Investment Requirement: $5k

How much can you make: $50k – $200k/month

Skills you need to learn: App development skills, Business skills, Marketing Skills

Business mode: Online

Time to revenue: 240 days (depending on your efforts)

Gardening tool business

There are many gardening tools that are used for gardening such as a garden hoe, shovel, mattock, or even a pickax and it is also in high demand in Canada.

You can buy gardening tools at low prices and sell them at high prices and earn good profits. Only a small investment is required to start this business.

Investment Requirement: $20k

How much can you make: $100k – $200k/month

Skills you need to learn: Management skills, Business skills, Marketing Skills

Business mode: Online/Offline

Time to revenue: 200 days (depending on your efforts)

Niche blog

In today’s time there are more than 600 million blogs on the Internet and every month about 400 million people generate 20 billion page views, so you can guess the popularity of the blog.

If you want to start a business in Canada with $50k, a niche blog can prove to be the best business for you, you can start this work sitting at home, you do not need a separate office.

To earn money from a niche blog, you have to review a product or service, after that, you will have to bring traffic to your blog.

Investment Requirement: $10k

How much can you make: $20k – $200k/month

Skills you need to learn: SEO skills, WordPress skills, Content writing skills, Marketing Skills

Business mode: Online

Time to revenue: 180 days (depending on your efforts)

electronics repair business

Everything from mobile phones to hand watches is made of electronics and the total value of the electronics industry is more than $2 trillion. If you want to start a business in Canada with $50k then this business can be the most profitable for you.

According to the field in which you are an expert, you can start the business of electronic repair and you need very little money to start it.

You should have the necessary tools for electronic repair such as soldering irons, wire cutters, and screwdrivers. Apart from this, you should also have repairing skills.

Investment Requirement: $2k

How much can you make: $20k – $50k/month

Skills you need to learn: Soldering Skills, Business skills

Business mode: Offline

Time to revenue: 30 days (depending on your efforts)

Art Business

If you love to do art then easily you can start your art business in Canada. In today’s time, people buy good-looking art by paying more money.

All you have to do is create art, after that, you can set its price according to you and sell your art online you don’t even need to get office space for this.

Investment Requirement: $50k

How much can you make: $100k – $350k/month

Skills you need to learn: Art Skills, Design skills

Business mode: Offline/Online

Time to revenue: 130 days (depending on your efforts)

Waterbottle business

A water bottle is one such thing whose demand is never going to end. The market cap of water bottles in Canada in the year 2022 is $656.7 million.

If you have enough budget then you can start a water bottle business in Canada and can earn huge amount of money from this business.

You have to create a manufacturing system by which you will manufacture your water bottle and then distribute it in the market.

Although this business is a bit difficult as compared to other businesses as it requires more investment of money and time.

Investment Requirement: $1M

How much can you make: $100k – $1M/month

Skills you need to learn: Business Skills, Customer service skills

Business mode: Offline/Online

Time to revenue: 180 days (depending on your efforts)

Pool installation

If you know how to install a pool, then you can easily start a pool installation business in Canada for very little money.

In the pool installation business, you just have to install a pool and can charge money for pool installation accordingly.

Investment Requirement: $10k

How much can you make: $20k – $50k/month

Skills you need to learn: Pool installation Skills, Customer service skills

Business mode: Offline

Time to revenue: 180 days (depending on your efforts)

For the businesses we have discussed above, if you research well then you can start one of the businesses in Canada for $50K or less.

You have to keep in mind that business requires some time & money to become profitable hence you may have to keep patience to see the huge profits in your business.

So what are you waiting for, choose one of your businesses from all the above-mentioned businesses and start working hard to give the right thing to the customer and make the business profitable.

Essential reads:

53+ Profitable Blog Niches with Low Competition

14+ Top Sites Where can I Post my Business for FREE: Business Listing

We hope that after reading this blog post, you must have got the answer about what business to start with 50k in Canada. 

All those businesses have a very high potential to generate millions for you but first, you have to gain all the needed skills to start the business.