There are hundreds of small business ideas which can be started with low investment to high investment. These small business ideas are suitable for individuals, college students, house-wives, and retired seniors based on the time they can spend.
In this article, I would detail about 100 Best small business ideas which you can look at and select based on your age, time, investment, and interest.
12 Good Small Business Ideas
1) Photo mugs and plates
This is one of the good innovative small business ideas. If you like creativity. People would keep such things as a memorable things in their life.
2) Start a grocery store business:
If you have 2-3 family members, you can start a grocery store business. It requires some capital, but it would create a good opportunity for you to earn decent money.
3) Staffing solutions:
With the unemployment rate increasing, people are looking for various jobs. People can be literate or illiterate; hence starting a staffing solution would be one of the best small business ideas.
Starting this small business would require very low investment. If you are good at recruiting people, earning thousands of dollars every month is simple.
4) Real estate consultant:
Real estate is one industry that has been growing consistently across the world. If you have good networking skills.
you can start a real estate consulting business. Generally, real estate consultants charge 1% to 2% of real estate value as commission.
This is one of the best small business ideas who is good at networking and has a large network circle.
5) Starting a gift basket business:
This is a new business idea and yet to see the potential in the business. The idea here is to create a gift basket theme consisting of food items, dry fruits, and gifts that suits a particular category like movie lovers, college students, college girls, etc.
If you like creating new innovative things, such small business ideas suit you better.
6) Daycare center:
Do you love children? Then why don’t you start a daycare center? You need a small investment to start, but when you select a good location and provide unique facilities, your business can be successful.
7) Groceries delivery center:
This is one of the innovative ideas to start a small business. The idea is here to groceries to the doorstep of the consumer with some additional charge.
Everyone is busy in the fast pace world. If you provide this facility at a small charge, people would love this. You should have tie-ups with shop owners to do this.
8) Stationery or book shop:
Opening a book store or stationery shop is one of the best small business ideas who want to run a family business. It can include books, stationery or management books, etc.
This business idea has become famous as family members can run this business with little knowledge. However, this business idea requires moderate investment. Adding special items to the book store would enhance your business.
9) Custom-made festival gifts:
Have you observed the special gifts during festival seasons? You can try any innovative methods of preparing gifts for the festivals.
10) Start your own blog/website:
If you have a hobby about a particular domain or niche, you can start a blog and start educating people. Once your blog is successful, you can place Google Ads and other local ads and start generating income.
It would take at least 6 months to 8 months to start earning money through this business. It is one of the best small business ideas for those who are experts in a particular activity and willing to write such things on the website.
11) Insurance Advisor:
You can act as an insurance advisor. Insurance advisors in India would keep getting fixed commissions till the time the insurance policy is live.
This is a good business idea for senior citizens or people who have just retired. Due to their huge networking contacts, they can easily sell a few policies and start making money.
12) Financial advisor:
If you are professional and have knowledge about investments, you can advisor financial advisor provides financial advice or investment advice to clients like investing in Stocks, Mutual funds, fixed income opportunities, etc.
return, he would get financial advisor fees which would range between $ 100 to $ 150 per advice. This is one of the best small business ideas who are passionate about investments and who keep doing research in various investment options and look at trends on how they behave at various market cycles.