Most Profitable Small Business Ideas
The economic and economic life of society has recently become more and more diverse and rich. New directions of activity appear, some old ways of making money go down in history. In this situation, it is important for a novice entrepreneur to know which business area may turn out to be more promising for him, and which business areas from the general list are too small for him or, on the contrary, are too small.
Main areas of business
To roughly imagine what an immense sea of ways of producing goods and services, as well as ways of earning, looks like, it is enough to look through the classifier of types of economic activity. It is not very bulky.
Below is a list of the main business areas. According to the classifier, there are about twenty of them:
This is not a complete list. There are types of business that can only be dealt with by structures with certain powers. For example, public administration services can be provided only by state or municipal bodies.
However, despite the fact that the list gives some idea of the industries of business, it is difficult to navigate by it when choosing the required type of activity suitable for a particular entrepreneur. This list will become a faithful assistant when the direction has already been chosen and the task is to correctly document your choice.
How to choose your own business?
The search for the most suitable occupation, which would become an opportunity both for self-realization as a person, and for good earnings, you need to start with yourself, and not with lists of areas of activity in business.
The most successful business start is possible if the following components are available at the initial stage:
- theoretical knowledge in a specific area of business;
- practical skills in the same area;
- understanding of a specific problem that is part of this industry ;
- there are options for solving this problem.
If you have all the listed components, then on their basis you can develop your business idea. The likelihood that it will be successful is very high.
It is common knowledge that most successful companies start with a great business idea backed by a solid plan. But some businesses have higher profit potential than others. If you're an entrepreneur looking for a new small business opportunity and limited to the most lucrative options, the ideas listed in this article will be one of the best ways to ensure your success.
Accounting, taxes, financial planning
These activities are mandatory for almost all businesses and individuals, which guarantees a high demand now and in the future for qualified service providers.
- Capital investments and expenses. Apart from office space and computer equipment, the start-up costs are minimal. Many in the industry operate as home businesses.
- Education. Education in accounting and tax accounting is relatively easy, however some additional certifications require a bachelor's degree, further education and relevant work experience.
Real Estate Leasing
Real estate rentals have been popular for many years. Moreover, both residential and commercial.
- Capital investments and expenses. Leasing agents can work from almost anywhere, so financial spending is mostly limited to advertising, car maintenance, mobile communications, etc.
- Education. Higher or specialized secondary education is required. You can also get a certificate of completion of the relevant courses.
As is the case with accounting and tax accounting, almost every business and individual may require the services of a lawyer. Specifically in business, they are limited to:
- Incorporation ;
- Commercial Law;
- Labor Law;
- intellectual property;
- bankruptcy law.
The ability to correctly submit your product to Avito will allow you to earn good money. You can start by selling your own unwanted items. You can buy goods from those who want to sell them faster and cheaper, and then resell them at a higher price. An interesting option is to sell other people's goods and services for a percentage. To do this, you hardly need any investments, and earnings with active work start from 300-400 dollars per month.
For a small agency, an office of 10 sq. m, minimal equipment and 2-3 people. It is profitable to open such a business in a big city. Then there will be a great demand for the development of printing materials, and for the creative industry, such as the creation of logos, corporate identity, slogans. You will have to invest from $ 1000, but the monthly income will be at least $ 700.
In this area, income is only getting bigger every month. In the future, you can count on a net profit of 2-3 thousand dollars.
This is a very interesting business, and moreover -. A small office, computer and advertising are the main expenses for organizing it. Then your main task will be the selection of performers for customers and the development of holiday programs. And almost all earnings are "clean" money. For a small agency, you will need investments in the region of $ 1000, and the profit will be from $ 1,500 per month.
An excellent enterprise that is very easy to scale, gradually increasing its fleet. Two cars with drivers and one dispatcher are all you need to start. With an initial investment of about 15 thousand dollars, the net profit will reach 1000-2021 dollars per month.
Husband for an hour
No capital investments. Your task is to organize a base of employees of various specializations, coordinate their work and look for customers. With daily, even the smallest, orders, net profit per month starts at $ 500.
Shoe repair and key making
A room of 5-10 square meters, tools, shelving and a good craftsman - and you can start working. If you are qualified, you can do this yourself. You will need $ 800-900 to get started. And the monthly income of such a business is $ 600-1500, depending on the number of orders.
Breeding and sale of animals
Own business is not only an opportunity to improve your financial well-being. Entrepreneurs have a great chance to improve the world and bring new perspectives to those around them. Many people believe that the modern world offers less and less opportunities to start, all niches are occupied, and spheres of influence are distributed. The era of making profits just by keeping to the minimum requirements in terms of customer satisfaction is truly over. The consumer really has the right to receive the best services and goods. But also each of us is looking forward to something new. Clients, like children, want to be surprised and pampered with new "toys". The world is developing and new needs are emerging. Their satisfaction, fresh and original ideas become the basis for successful business projects. We will introduce you to such ideas.
“Fresh and Successful Trading Ideas”
Shop that pays to enter
In the small Australian town of Kurparu, there is a shop that specializes in gluten-free products, called Celiac Supplies. Recently, the store has become famous, and its name began to flicker even in the headlines of foreign publications. The reason is an innovation invented by the hostess. Visitors pay for the right to enter the store. The entrance fee is low and is 5 Australian dollars. Pensioners, people with disabilities and children are exempt from payment. A visitor who buys a product in a store receives a discount equal to the amount paid for entry.
Shop owner Georgina explains the innovation quite intelligently: “People come in, look at products and prices, leave and buy the same products in another store. Why should I waste time and energy and work for free? " Georgina is trying to convey a simple concept - there are things in the world that are free of charge (sun, air, birdsong), but someone else's work should be appreciated with dignity.
The innovative approach to trading was met with controversy. Many criticize the entrepreneur, someone openly laughs at her. On the store page on Facebook, there is a serious debate about the appropriateness of such approaches.
But Georgina still achieved a certain result. Although there was no tangible increase in profits, the store has significantly fewer thefts and idle onlookers. But in terms of advertising, Georgina has achieved an outstanding result.
What's the point of this Australian store example? Look for non-standard approaches to customer acquisition. Advertisements with “best” or “lowest” prices are pretty boring and do not cause the expected influx of visitors. A promotional poster that reads “We are the Greatest Salespersons in Town. We are so insolent that we demand money for entry! " will have the effect of an exploding bomb and attract many new customers to your store. You will be visited only for the sake of watching and having fun. And they will definitely buy at least some trifle.
Lack of packaging significantly reduces the cost of any product. This technique does not always work, but in some situations it brings additional income. This principle is used in the work of Bulk Barn (Canada). The chain of retail establishments has installed special glass vending machines, in which customers can choose various products. More than four thousand items are sold without packaging: loose tea and coffee beans, cereals, flour, spices, nuts, dried fruits, sweets and many others. In addition to a pleasant price, the chain is developing a new trend to eliminate plastic packaging materials that pollute the planet. It is worth noting that the idea works and brings huge profits to the owners of the company.
The most profitable types of small business in Russia are of interest to many aspiring entrepreneurs. This is a relevant question for those who have not yet decided in which niche to start their business. And in order for a business to have a better chance of survival, it is necessary to focus on those industries that are potentially capable of bringing really tangible profits.
The market situation in Russia today is not as good as we would like. Many problems are attributed to the protracted crisis. In the current environment, even large industrial enterprises often fail to survive. Many of them change their focus, start to master new industries.
But there are also some positive aspects. For example, due to mutual sanctions between Russia and European countries, the import of many consumer goods has become impossible or unprofitable. Imported products often increase their value due to duties by 1.5 - 2 times. This allowed Russian entrepreneurs to become more competitive.
When choosing a direction of work, entrepreneurs should focus on the desires and capabilities of consumers. So, in times of crisis, an ordinary citizen prefers to buy cheap products. Most people refuse expensive purchases. Their consumption is shifting towards food, basic necessities, other goods and services.
At the moment, the following industries are among the most promising areas in Russia:
- industrial ;
- sale of essential goods;
- farming and other forms of agriculture;
- real estate (rent, hotel business);
- various services for ordinary citizens and organizations.
The manufacturing sector is, in principle, considered one of the most promising industries. It allows you to increase the number of finished products. It is not in vain that most of the enterprises today belong to this particular sector of the economy. Moreover, these are not only representatives of large and medium-sized, but also small businesses.
According to marketers, the share of the manufacturing sector will grow rapidly over the next 5 years. As a result, the industry will acquire new entrepreneurs. There are also a number of difficulties here. The main obstacle is related to the need to raise capital. A lot of money is required to open a business in production, and it is not always possible to attract investors. Therefore, there is nothing to do in this area without a clear strategy and business plan. Moreover, they will help to raise money in one of the following ways:
- government support;
But the last option is the least attractive, since Russian banks offer loans to citizens at high interest rates. Ultimately, the amount of overpayment on loans significantly reduces the size of the enterprise's profit and the profitability of production as a whole.
Sale of essential goods