10+ Best & Profitable Absentee Owner Business Ideas [2023]

Start investing in the top 10+ profitable absentee owner businesses in 2023! Discover the best & most profitable businesses that will make a great return on your investment, without having to manage the day-to-day operations. Get started now and take your financial future into your own hands!
Nick

By Nick Cotter
Updated Feb 07, 2024

Image of absentee owner business ideas
This page may feature products from our affiliate partners, which could influence the products we discuss due to potential compensation. Despite this, our evaluations are impartial, based solely on our independent analysis. The content here is intended for informational purposes and should not be seen as legal advice. For professional guidance, consulting with a legal expert is recommended.
What are you waiting for?
Quit that job & start your business with ZenBusiness today.

Hey there, future entrepreneurs! Have you ever dreamed of owning a business, but feel overwhelmed by the idea of the day-to-day operations? Or perhaps you're a go-getter with a full-time job, looking for a side hustle that doesn't demand your constant attention? Well, you're in luck! The year 2023 is brimming with opportunities for those seeking to dive into the realm of absentee ownership.

Imagine this: You're the proud owner of a thriving business, but instead of being bogged down by the nitty-gritty details, you're free to focus on the big picture. Sounds like a dream, right? But let me assure you, it's not just a dream, it's a very attainable reality.

So, buckle up, as we're about to embark on a journey exploring 10+ of the best and most profitable absentee owner business ideas for 2023. This isn't just a list, it's your roadmap to financial freedom and entrepreneurial success. Get ready to be educated, motivated, and most importantly, inspired. Let's dive in!

Online Retail Store

An online retail store is an online business that sells products directly to customers. It is an ideal business idea for entrepreneurs looking to take advantage of the convenience and affordability of digital retailing. Online retail stores provide customers with a wide selection of items they can purchase, while eliminating the need to physically visit a brick-and-mortar store.

  • Easy to set up and maintain
  • Cost efficient
  • Ability to reach customers from anywhere
  • Accessible 24/7
  • Option to customize your store for a unique look and feel
  • Targeted advertising to potential customers
  • Increased visibility for your business
image of a Online Retail Store

Drop Shipping Business

A dropshipping business is a unique business model that allows entrepreneurs to start an online business without investing heavily in inventory. Essentially, when a customer purchases an item from the retailer, the retailer purchases the item from a third party and has it shipped directly to the customer. This eliminates the need for the retailer to keep inventory and save on overhead expenses such as storage and shipping costs. Dropshipping could be a great business idea for those who want to get their feet wet in ecommerce without having to make a large investment.

  • Requires minimal upfront costs
  • No need to keep inventory
  • Low overhead costs
  • Easy to set up and manage
  • Can be scaled quickly
Featured Business Formation Partners
image of ZenBusiness logo
ZenBusiness
Turn your business vision into reality with ZenBusiness's streamlined LLC formation and expert support services.
Newfoundrz Rating ★★★★★
image of Northwest Registered Agent logo
Northwest Registered Agent
Secure your business's future with Northwest Registered Agent's personalized LLC formation and privacy-focused expertise.
Newfoundrz Rating ★★★★★
image of Bizee logo
Bizee
Kickstart your business effortlessly with Bizee's comprehensive LLC services and free first-year registered agent support.
Newfoundrz Rating ★★★★★

Examples of successful businesses:

The absentee owner business industry includes a range of companies that manage properties, investments, and other accounts for clients who don't have the time or desire to oversee their own assets. Below is a list of successful companies in this field:

  • Wealth Dynamix
  • Prince Business Group
  • InTrust Global Investments
  • Launch Consulting Group
  • Absentee Ownership Solutions
  • KFML Management
  • Shareholder Solutions LLC
  • CRC Holdings LLC
  • New Vista Management Group
  • Edgefield Capital Partners LLC

Rental Property Business

Rental property businesses can provide an interesting and potentially lucrative opportunity for entrepreneurs. As a rental property business owner, you would rent out residential or commercial properties to tenants, receive monthly rental payments from tenants, and maintain the property through regular maintenance and repairs. Some of the benefits of this type of business include:

  • High potential for passive income
  • Strong demand for rental properties
  • Simple and straightforward business model
  • Opportunity to create a portfolio of long-term rental investments

Blogging Or Content Writing Business

Blogging and content writing businesses are an excellent option for those who have a passion for creating compelling content that engages and resonates with readers. With a blog or content writing business, you can tap into a vast array of opportunities, such as:• Finding clients who have specific writing needs, such as SEO articles or blog posts• Writing content for magazines, newspapers and online publications• Taking on freelance projects to write blog posts or other types of content• Creating unique webpages, sales letters and other marketing materials • Generating income through affiliate marketing or Adsense• Writing textbooks and other educational materials

App Development Business

Creating apps for mobile devices is a great business idea. Apps have become a staple of modern mobile devices and there are endless amounts of potential customers with a need for apps in their daily lives. Here are some of the advantages of starting an app development business:

  • Low overhead since you don’t need much to get started.
  • Easy scalability since you can work on multiple projects at the same time.
  • High demand for apps from both consumers and businesses.
  • Flexibility to work from anywhere.
  • Potential to develop new skills and gain valuable experience.

Social Media Consulting Business

A Social media consulting business is a type of business that provides advice, guidance, and services to help organizations and individuals manage their presence on social media platforms. This type of business can prove to be a very lucrative and profitable endeavor as it seeks to capitalize on the growing trend of social media usage in the marketplace. Some of the benefits of starting a Social Media Consulting Business include:

  • Ability to tap into the fast-growing market of social media users
  • Potential to become a trusted adviser for businesses, who rely heavily on having an effective online presence
  • Extensive range of services offered such as content creation, management, monitoring, analytics and reporting
  • Opportunity to explore different types of technology needed for successful campaigns.

Digital Marketing Services

Digital marketing services involve using a variety of digital platforms, such as websites and social media, to reach and engage potential customers. With the increasing consumption of digital devices, businesses have the opportunity to increase their outreach and target a broader audience through digital marketing services. This can make it a great business idea for entrepreneurs looking to start their own business.

  • Digital marketing services help businesses reach new audiences through digital channels.
  • They allow businesses to tailor their messaging to specific audiences.
  • Digital marketing services provide an efficient way of reaching audiences in remote locations.
  • They provide more cost effective than traditional advertising methods.
  • Digital marketing services allow businesses to track and measure results, allowing them to adjust their strategies accordingly.

Franchising Business

Franchising is a business model that allows an individual or organization to leverage the existing products, services, and branding of another company. Franchises are generally easier to start up than other types of businesses, as the franchisor will provide some guidance and support in terms of marketing, operations, and even accounting. There are many benefits to running a franchise business, such as:

  • The ability to capitalize on an established product or brand.
  • Access to shared resources from the franchisor.
  • Reduced risk associated with launching a new business.
  • Lower start-up costs due to reduced research and development costs.
  • Exposure to a larger customer base than could be reached independently.

Video Production And Editing Services

Video production and editing services is a great business idea for those who want to start their own business or expand an existing one. Video production and editing services are sought out for a variety of purposes, from creating videos for websites, movies and television programs, to editing already created videos. Below are some of the advantages to offering video production and editing services:

  • Cost effective - creating videos does not require a lot of expensive equipment.
  • Creative outlet - you can use your imagination and creativity when developing ideas and scripts.
  • Flexibility - you can choose your own schedule and work on a variety of projects.
  • Potential to make money - depending on the clients you have, you can make considerable amounts of money with video production and editing services.

Virtual Assistant Services

A Virtual Assistant (VA) is a remote worker who provides services, such as administrative assistance, data entry, customer service, and other support services. The main appeal of using a VA is that they are cost-effective and available on an as-needed basis. They can be hired on a short-term contract or permanent basis depending on the specific needs of the business.

  • Decreased staffing costs
  • Increased flexibility and scalability
  • Access to a global pool of talent
  • Reduced office space costs
  • Reduced reliance on technology

Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.