So, you are mulling to start a small business this year? Having that passion about entrepreneurship is not enough: you need to have a great business idea that is in-demand and unique. Your business idea should be different from 100 million others in the market for it to be successful.
Wondering to start a research for your small business idea?
Are You a Foodie? Have a Look At These Food Business Ideas
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Food Truck/Cart –
This is one of the top food business ideas for those with small capital. You can sell your ready-to-eat food items, without paying a high monthly rent. All you need to do is to put in a minor investment in the food cart and pay a small fee. It is not necessary to push the car or move around. You can stand at one place and employee a worker to sell your products.
A Fast Food Shop –
Starting a fast food joint is quite profitable small business idea. Though there are giants such as McDonald’s, KFC and Dominos in the fast food industry, you can have high revenue if the place is good and your food is of quality. People are always on a look out to try new shops and joints.
Coffee Shop –
This is a lucrative business idea. Over the past few years, the coffee industry has seen a rapid growth. If you too are a “coffeeholic”, you can initiate your own coffee shop business with little investment. Coffee shops are generally very casual and a place where customers come to relax. You can turn your love and passion for coffee into a profitable business.
You can start your bakery business even from the comfort of your home. If you know baking, you can sell fresh baked items such as cakes, pies, cupcakes, cookies etc. from your home or deliver them. Another way is having tie-ups with retail shops who will keep your products in their stores. However, this business will need proper planning and management.
Cooking Classes –
If you cook well and are always on a lookout to craft new food recipes, then starting a cooking class business. This business too can be started at home, with minimum capital investment.
Ice- Cream Stand –
Starting an ice cream stand or a kiosk can bring you handsome profits. This is the ideal small business idea for your part-time business. You can have a mobile or a fixed ice cream stand – whatever brings you more income!
Food Reviews –
Writing or blogging about different food items or products can also be a profitable food business idea. These ideas, people check online reviews and information about a particular food before trying out themselves.
Food Delivery –
This can be a side business. If you have a short menu and the right delivery boy, this business can work wonders for you. These days, a lot of people prefer food to be delivered at their doorsteps due to their work schedule.
Juice Bar –
This is yet another business that can be set up with minimum capital. You could also sell packaged juices available in the market with your fresh juice. However, the place you choose to set up is crucial to the success of the business.
Dessert Shop –
Everyone likes sweets! This business is simple as all you need is to have a small shop at a good location. You can sell different sweet items such as pastries, cakes, rolls for another food item that is in demand by the local residents.
The Evergreen: Farming Business Ideas
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Fruits and Vegetable Farming –
You can start your fruits and vegetable farming business even in the backyards of your house. It requires very small capital and there is no qualification required for farming. The demand for fresh veggies is increasing day by day.
Poultry Farming –
This kind of farming business can be done from both your backyard as well as medium size land. Poultry farming has transformed into a techno-commercial industry globally. The most common birds that are raised in farms are chicken due to its demand.
Fish Farming –
Fish farming business is one of the oldest yet profitable small business ideas of the century. Since the demand for fish is high, your revenue will be high. It is capital intensive as you can raise fish in large tanks or enclosures.
Dairy Farming –
Now, this type of farming can be done only if you have space and can care for cows and other dairy animals. Milk products are always in high demand as they are considered healthy for beings. The maintenance cost is low and you can produce and sell products such as cheese, milk and cottage cheese.
Duck Farming –
Duck farming can also be considered as a part-time business. But it can be done only if you have open space or a pond nearby. The eggs of the ducks have more value than that of hen, therefore, you can earn more profit.
Goat Farming –
This is ye another profitable and lucrative idea for small business. Goats produce meat and milk. If you gain a little knowledge about how to breed good goats, this small business can work wonders for you.
Bee Farming –
All you need for starting this business is a small flower garden. It is a great small business idea for earning extra income. Beekeeping can lead to the production of various products such as honey and beeswax can be used to make candles.
Time To Think BIG: Manufacturing Business Ideas With Low Cost
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Manufacturing of Sports Products –
You can start with manufacturing of small sports products such as bat, ball, football, chess, carrom and badminton racket. You could also sell sports jerseys as people, especially youth, loves it. Seeing the popularity of cricket and football, there is no doubt that the people will love products with sports logo and business will be successful.
Manufacturing of Paper –
Manufacturing of paper does not require much capital investment. Paper is something that is used widely in every sector and industry, especially in the education sector. Therefore, this business can never fail to give you profit.
Before starting this business you need to decide paper size and volume, based on size and volume you need to select equipment and space for the manufacturing.You will have to buy paper-making equipment and raw material for the same.
Manufacturing of Toys –
There is a large market for toys. Children love to play with toys. So, you can initiate this business on a small or a large scale.
Manufacturing of Leather Items –
Products made out of leather such as belts, wallets and shoes are always in high demand. You can start your small business by manufacturing leather items as they have a large market potential.
Online Business Ideas – Ideas That Change Life!
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Social Media Marketing –
Majority of the population is on social media today. And there are many companies that wish to promote their products or services on different social media platforms. You can make money by helping these companies sell their products and gain popularity through social channels.
Building Apps –
With a majority of people using smartphones, there are countless apps that are developed every day. Developing an app costs nothing but if it works well with the audience, there are huge profit margins. If you have a well-performing app, you can make thousands in ad revenue.
Offering Web Design –
There is hardly any company today that does not have a website. In fact, even those who have look fo ways to revamp it and make it better than their competitors. You can become a web or Graphic designer by doing a specific online course and then approach different companies for work.
SEO Consultant –
If you have SEO skills and know platforms such as Google Analytics, you can help business owners transform their sites with more SEO-friendly content. You can tell them how to get more traffic and rank their websites or blogs higher in Google. This type of business does not require any capital but your skills.
Small Business Ideas for Strong Writers
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Resume Writing Business –
If you have an eye for detail, you can start a resume writing business by creating an excellent resume for job seekers. Youngsters are always willing to spend money for making themselves stand out from the rest while they are seeking jobs, and one such way of being different from others is by having a good resume. Become a resume writer and earn extra money!
Start a Blog –
Blogs have become the most powerful ways of communicating online. You can earn thousands of dollars by becoming a blogger. Apart from earning money from your blog, you can be a guest author or a guest blogger on someone else blog and earn money.
If you have a passion for writing, then freelance ghostwriting business if just for you. You do not need anything except your computer and internet service to start as a ghostwriter. There are many sites on which you can upload your portfolios and start working as a part-time.
Copy Writing Service –
As the online industry gains more momentum, content marketing has become the center of it all. There has been a dire need of copywriters. This is one of the most profitable small business ideas for people who have good writing skills.
Business Plan Writing –
If you have good writing skills, then you have a chance of earning good money by helping businesses write their proposals or plans. Businesses spend a lot of money fro a good business plan as they send these plans to their potential clients.
This list of small business ideas barely scratches the surface. There are endless possibilities, therefore, don’t be afraid of trying out new things. Think what you are passionate about, brainstorm and think how you can turn those small ideas into profitable business.