Top 10+ Lucrative Business Ideas and Opportunities in Singapore
What is the best business to start in Singapore?
Have you been searching for new business ideas in Singapore? Firstly the word LUCRATIVE means producing deal of profit. Then lucrative business opportunity means the explicit or the accurate or an ideal business that can fetch or give you a maximum or produce a great profit at a given geographical area or region.
LIST OF TOP SMALL SCALE BUSINESS IDEAS IN SINGAPORE
List of Good Business Opportunities in Central Singapore, Toa Payoh, Ang Mo Kio, Choa Chu Kang, Bedok, Tampines, Hougang, Pasir Ris, Yishun, Bukit Batok, Queenstown, Clementi, Serangoon, Sembawang, Bishan, Jurong East, Geylang, Punggol, Bukit Merah, Jurong West, Woodlands, SengKang
Do you want to know how to start a small business in Singapore? It is important and relevant to know the strategic business strategy to the moving business addicted to a region before you migrate to the area for business pursuit. Here are some feasible ideas for starting a business in Singapore.
DOING BUSINESS IN SINGAPORE: IDEAS TO SET UP A BUSINESS
1. FOOD BUSINESS/FOOD ITEMS:
Basically food business is among “essential for everyday” (EEE) which entails that dealing with food business is important that essential and lucrative in any country provided there, even animal need food consumption for survival basically on domesticated animal that means is not only on Singapore but food business is one good businesses in Singapore.
This is so because there is a universal need for food, and it is the most important basic need of man and more also in Singapore. Food franchise business opportunities are very competitive.
Agribusiness is one of the best business to start in Singapore. In as much as Singapore has a very limited available land, the country has based and relied basically on agro-technology for agricultural production and consumption but demand for food and other agricultural products seem to be out weighing the supply with each passing day because there are very few practitioners in the agricultural sector.
So it’s more definite and coordinate that you can make it, boom up and make huge profit on agriculture business ideas in Singapore base can bear the cost for technology requirement for agricultural production.
3. FAST FOOD BUSINESS AND SNACKS.
The preparation of fast food and snacks arises very well in Singapore. This means that the investors can really make a lot of profit from snacks which include barbeque, pizza and other snacks. This home business opportunity requires little capital and no formal academic qualifications, so one can easily start on and make great deal of profit.
Transportation both in Singapore and other countries of the World is very indispensable this entails that there is high demand for Transport services in Singapore, you can start a transport business, the scope to great deal on your profit both taxi for within local areas, inter-city, and Inter-state, which means transportation is also one of the booming businesses to start up in Singapore.
Electronics industry is recorded as largest in Singapore’s manufacturing sector, accounting for a whopping 48% of the total industrial output. That means with your little capital, you can focus on a narrow range of electronics but this could be widen depending on your capital strategy and muscle.
6. ONLINE MANUFACTURING:
With increase and demand for business to attract customers and still offers related to the internet comes the booming business that offers online marketing service and this implies to advertising as lucrative in Singapore.
7. WRITING/GHOST WRITERS:
With the increase in number of individual and internet businesses, blogging as a way of making money online comes the scarcity demand for creative writers; blogging as a online business idea thrives only when quality content is published consistently, a situation that populated bloggers would meet on their own. Then you can make impeccable, incredible, suitable, conjoint and coordinate words, stickle for a perfect grammar you make a lot of money in Singapore.
8. DRY CLEANING AND LAUNDRY:
Laundry is a good deal profit business in Singapore even for foreigners. Laundry over there is lucrative to start a laundry business; you need no more than a washing machine and other equipment such as pressing irons, dryers and other necessary machines.
9. AUTOMOBILE AND SPARE PART:
Do you have passion for an import export business? Motor parts and other automobiles sell very well in Singapore and even as a foreigner can easily break through even with your little capital and this can fetch a great deal of profit in Singapore from this profitable trading business.
10. FINANCIAL SERVICES:
Because of much business both indigenous and foreign in Singapore, there is high demand for individuals with accreditation as financial service such as accounting, auditing and book keeping. So if you have strong background, you make a lot of great profit deal in Singapore by helping other businesses with your skills and initiative.
11. HOME TUTORING SERVICE:
Need to start a business in Singapore with no capital? Think about giving classes at home. Home tutoring as a business thrives because families in Singapore tend to arrange for home training for their kids, making this a great home based business option; teaching English and Accounting is one of the low cost high returns education businesses in high demand in Singapore.
Other viable businesses to start in Singapore includes:
** Eco-friendly products: implies friendly products online such as Light bulbs.
** E-books: implies services.
** Jewelry Making: if you are talented in this aspect, you are sure to make it big in Singapore.