Last updated on July 24th, 2018
Small entrepreneurs have many opportunities that they can explore successfully, all they need a is a great business idea. All good business ideas do not require spending of greater funds but surely need to be well researched before you take a plunge. However, make sure that you give your time and have some clever marketing plans in place to get a good start.
Operating and running a small business successfully is a tough job. According to a report, about 80% of new businesses close down in the first year. This is a huge failure rate. This should make you even more watchful about the steps you take to establish your startup. One of the reasons for the high rate of failure may be that many entrepreneurs chose a wrong business idea.
Are you planning to start a small business this year? Having that passion about entrepreneurship is not enough: you need to have great business ideas 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? Read on to know some great business ideas that you may like to consider.
Here Are Top 30 Small Business Ideas For Beginners In 2018
01. Food Truck/Cart
Are you a foodie? This is one of the top food business ideas for those with small capital and a fondness for good food. 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.
02. 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 lookout to try new shops and joints. But make sure that your food company logo design is unique to make a lasting impression on your target customers.
03. 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. Your coffee shop menu design must reflect an ambience of your shop.
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.
05. Cooking Classes
If you cook well and are always on a lookout to craft new food recipes, then starting a cooking class business can be another great idea. This business too can be started at home, with minimum capital investment and once you start gaining popularity, you can always start your own training center.
06. 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!
07. 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. But you must have a good food review blog design where people can come to know about your recommendations.
08. 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.
09. 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. Also, an exciting and engaging signage design of your juice bar will help you win the customers.
10. 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.
11. 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.
12. 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. Make sure that you market your poultry farm aggressively. Create some nice advertisement design to target your customers.
13. 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.
14. 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.
15. 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.
16. 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.
17. 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.
18. 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 a great graphic design job done on their logo; thus flourishing the business.
19. 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. Put your business on a website so that people can see your products and get the details. But your website design must be fast loadable, unique and memorable.
20. 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.
21. 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.
22. 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. Your business also must have presence in all the major social channels. Create a unique and professional social media page design.
23. 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 mobile app design, you can make thousands in ad revenue.
24. Offering Web Design
There is hardly any company today that does not have a website. In fact, even those who have website look for ways to revamp their website design and make it better than their competitors. You can become a web or Graphic designer by doing a specific graphic design jobs online course and then approach different companies for work.
25. 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.
26. 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!
27. Start A Blog
Blogs have become the most powerful ways of communicating online. You can easily create a professional blog using WordPress themes and 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’s blog and earn money. When creating a website, pay attention to your landing page design also.
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.
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29. Copywriting 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.
30. 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 for a good business plan as they send these plans to their potential clients.
If you have got a place in a tourist area, you might want to start a vacation rental business. With a bit of personalisation, an amazing service, you can easily create a vacation place that people would love. But, to attract your customer, you first need to make your presence felt. Going online is the best way possible. Therefore, we would recommend you to have a website, build your social media presence and constantly be in touch with your customers through these online mediums.
This list of small business ideas barely scratches the surface. There are endless possibilities, therefore, don’t be afraid of trying out new things. Give a thought to what you are passionate about, brainstorm and think how you can turn those small ideas into profitable business.