Best 10 Lucrative Small Scale Businesses And Opportunities
There are many small money making investment and business opportunities that you can start. Today, many salary earners are looking at becoming their own boss by starting a new business enterprise. So what are the best small businesses and investment opportunities with low capital start-up and high profit in returns?
When it comes to business venturing, the world is full of various fast-growing small businesses one can invest on. Look around your vicinity and you will definitely find one or more. The sweetness of these businesses is that they require a little start-up capital and easy to manage.
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Most countries whose economy is not quite vibrant and or witnessing recession (countries like Nigeria, Egypt, Venezuela etc.) can lean on small businesses and move on towards vibrant economy.
To individuals as well, it is a means of livelihood without depending on government for social welfare or your family members or friends for financial succor.
This article reveals some of the vibrant and new profitable small businesses that you can start. It should be noted, however, that these businesses attract reasonable profits in terms of gross sales and turnovers.
Are you interested in starting a business with small capital and huge profit? Read on.
Most Profitable Small Business Ideas and Investment Opportunities
1. Sports Viewing Center Business: Haven’t you discovered that people love watching sports either as an individual or as a group? Haven’t you seen or heard about sports fans who could forego anything to enjoy their favorite game(s)? Think of football alone, you will discover that fans are in thousands are within your area and ready to pay you for showing them their favorite matches.
In England, Spain, France, Germany, Nigeria, and many countries across all continents are millions of football lovers! Yes, people love football and with that, you can start showing matches such as EPL, Laliga, Bundesliga, car races, boxing matches, etc. at an affordable rate. That is a small but profitable business, so grab it.
2. Mobile Phone Repair Business: This repair business is worth a fortune as phone users around the world are estimated to reach 4.77 billion by 2018 according to www. statistics.com. With that, imagine the number of mobile phones that will require repair daily or weekly.
Therefore, with your little capital, and little skill (as phone components are not complicated), you will accrue high-profit margin within a short period of time.
3. Art and Craft Business: Art and craft as an umbrella business opportunity have many sub-businesses which one can start. Among the popular hobbies that make money are carving, drawing and painting, bead making among others.
Take drawing and painting for example. Art business made Michelangelo di Lodovico Simoni, a 15th and 16th-century Italian artist rich and famous around the world till date!
Let’s take bead making business again for another instance. It is a business that may not common everywhere but some countries, especially in Africa, Asia, Caribbean and South America that recognize and adore it as a part of their outfits, could benefit from this.
Think of brick beads, saw line beads among others, they can offer you cool money. Yes no doubt, and to start, one or two-week training will suffice to acquire the skills needed without tears. Though the business looks unattractive the fact is that the cost of producing a complete bead necklace could be less than a dollar and sold from five dollars upward.
That is a whopping profit, right?
4. Photography Business: Photography is another small business one can venture in. And as the age of analog cameras fades out, digital cameras have made the business so easier and attractive.
With a little start-up capital of one hundred dollars, you can obtain a functional digital camera that can produce between 15000 and 25000 shots in its lifespan. Various social events are out there. You can also snap for special purposes like adventure and tourism then sell it to the mass media or museum.
Create sensational pictures by adding editing touches, and after printing in a studio or from a personal printer, one can get 75% profit. Isn’t that cool cash for you? It is and you can launch into that business or create a photography blog to confirm the above facts:
5. Fast Food Production Business: All over the world, fast foods have become part of people’s feedings including the vegetarians. As a result of their busy schedules and or a need to change or balance diet, men and women including the younger ones often turn to snacks, plantain chips, fruit juices, ice cream, yogurts, mince pie, fish roll, egg salad, egg cream among others:
Do you think those fast foods are not in demands? Definitely, they are in high demand, and you can make a fortune by producing and selling them. What is important here is to examine the type of fast food that people crave for in a locality you wanted to situate your business:
6. The Farming Business: “Why do you make this among your list of most profitable small agriculture business to start?” some may ask. Relax! Farming has sizes, target, prospect and huge profit. Yes, you can engage in a small-scale farming and still earn good money.
So don’t be skeptical or stir up any disgust against this profitable agribusiness. Think of poultry, piggery, fruits, vegetables, food crops and cash crops production, fish farming, snail culture, horticulture, rearing of grasscutter and other animals.
You will observe that millions of people apart from those in war-torn areas around the world need more food on daily basis. You will also discover that you have many farming businesses you can practice on a single hectare/ acre of land.
While some farming business can start yielding within a month, some take three to six months. Whatever you opt for, it will physically transform to a lot of profit you can earn.
7. Tutoring Business: With millions of parents or guidance around the world who crave for their children’s academic excellence, tutoring has turned a money-spinning business. Look around you, parents and children are there to talk to about this.
This business could be approached by organizing a formal tutoring class or by visiting the homes of those that are in need of such services. Just be good in the delivery of some key subjects and then fix reasonable charges per week or month. Interestingly, you can be partly doing this business while you run another. Then, think about it and earn huge profit.
8. Mobile or Stationed Car Wash Business: How many car owners do you think love or have time to wash their cars as and when due? Only a few do the washing. And with that, a self-service car wash business no doubt is profitable and it brings it on daily basis and you too can venture into it.
You can go for a mobile car washing type where you move to respective car parks or houses of car owners with all politeness and marketing strategies and thereby rake in daily money.
Another means to get this business done is by situating this business at strategic locations in towns and cities especially close to main roads. That is essential for the smooth running and high-profit margin purposes.
If you can’t be washing cars on your own, get those who can handle the washing cleaning up for you. You get them paid for what you were paid! But ensure you have a good sharing formula.
9. Laundry Services: Someone said, “with your electric iron, and washing bowls and detergent, you are good to start”. Yes, that shows that laundry services are a small business you can start in that regards (though one can take it to a bigger level).
Though technology has made the work simpler; you can use your own hands as a starter. Give those washed clothes nice ironing and packaging and many out there who couldn’t wash due to their busy schedules or other reasons would ever seek you. So why not try it out today!
10. Freelance Writing Business: This business is not really meant for all people but if you are a learned and creative, then it costs you a little to start the writing business. As the world of mass media grows so much they need to creating fascinating contents for the readers and listeners out there.
The internet has also joined and the social media too wanted contents that can push up their traffic (or say go viral). That means they need your services. You can opt for being a full-time writer or a freelance writer.
Another plus to this small but profitable business is that your location will not deter you from the operation. Whether you are from India or the UK, Just connect online with your prospective customers and reel out your assigned topics creatively.
Furthermore, one can write for as many clients as possible especially when operating as a freelancer. Tap into this business and earn a huge profit on a daily or weekly basis. Use sites like AbokiFX to check the dollar exchange rates and you will be motivated.
Be very assured again: those businesses will yield good profit, and to start any of them is not hard. Therefore, what are you waiting for? Today is the best day to start.
While some ideas are new on this list for 2018. The most profitable types of small businesses are those low capital business ideas that focus on providing products and services that are more of a necessity than need. From economic trends, these business ideas are generated by top industries with the best net profit margins.
10 Most Profitable Small Businesses
In this post, I’ll be showing your some very profitable small businesses with a low startup cost. What is the most profitable small business to start? Well, that question is difficult to answer. Rather, I have listed the top five small capital business ideas first.
Top 5 Most Profitable Small Businesses: Lucrative Business Ideas with Low Investment
1. ==> Cleaning Business: Providing dry cleaning and laundry services, garage and pantry clean out, windows and blind washing, tile polishing. These are profitable cleaning businesses to start.
2. ==> Ice Block Making: Production of ice block cubes and bars for icing drinks in parties or for industrial use in low-temperature preservation, sales of freezers, blast freezers and cold rooms, frozen food business
3. ==> Business Consulting: Convert your skill into money. Set up a business helping people start and manage their investment using your experience, consulting for fish and poultry farm start-ups, plantation farming business consultant, consulting for oil and gas investing.
4. ==> Livestock Feed Supply: Become a distributor and retail supplier of livestock feeds, poultry and fish feeds as well as supplements. Open a sales outlet close to farm aggregation and settlements.
5. ==> Affiliate Marketing: Make money from diverse affiliate programmes relevant to your niche. Pascal of NaijaTechGuide made N1 Million Naira just from Konga Affiliates only.
Profitable Small Business Ideas: Great Business Ideas With Small Investment
6. ==> Fitness Trainer: Open a weight loss outfit, weekend bodybuilding and exercise programs, sales of gym and exercise equipment, bodybuilding training and fitness seminar and tutorials.
7. ==> Importation Business: Buy cheap unlocked phones, android tablets, camera, power banks and laptops from China and online auction sites like eBay and Amazon. Sell them with nice returns using this awesome business idea with low investment and high profit.
8. ==> Automobile Shop: Repair mechanical, electrical and bodywork faults in vehicles, sales of automobile spare parts and fittings, training of automobile technicians
9. ==> Web Design: Design and develop websites such as e-commerce stores, online forums, and blogs, install monetization programmes and manage clients scripts, hosting and database. This is one of the best small business with low investment.
10. ==> Sales Of Stationery: With no substitute for the varieties of textbooks, exercise books, writing materials and other stationery that are needed every time students go to school, building a business around this need is a great investment decision.
Starting profitable business ideas with low investment involves some reasonable amount of capital. For people who are on a low capital startup budget, they should look into most successful business to start that would employ more of their skills and talents rather than those business ideas that would need a large amount of financial investment to start or manage.
In conclusion, this article discussed most profitable small businesses to start: It is important to note that personal disposition to any of the small businesses above is very crucial as it serves as a great motivating factor to get started and get going no matter what the economic structure of your country is.
I hope you benefited from my list of top 10 most profitable small businesses to start?