Best Business Ideas Melbourne – Want to start a business in Australia? Check out our best Australia business ideas in Australia and some courses to help you get started!
Despite being the sixth largest country in the world and boasting the 13th largest economy, Australia is often overlooked in terms of business in favor of the US and its European cousins.
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However, in recent years Australia has seen a significant shift in its economy. What was once a country of raw resources – the sheep and coal trade – has adapted to new technologies, scientific discoveries and a growing global economy.
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Whether you’re looking for a side hustle, planning to venture overseas or hoping to start a brand new business, this post will share some of the best business ideas in Australia.
Before the pandemic, the Australian economy was one of steady growth with larger established companies often dominating industries.
However, with global disruptions, increased geopolitical tension and an increased focus on sustainable practices – Australia is in a state of flux.
It’s chaotic, but it can also be an opportunity. The timing is great for a turnaround as new startups enter the scene, disrupting traditional companies and their monopoly over the market.
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Australia has a real spirit of independence and when given the option, most of us would choose to support local businesses over a big chain.
In recent years, Australia’s relationship with China has soured leading to tariffs on key Australian exports. This has received significant media coverage and means more consumers are prioritizing Australian products.
Also, many Australian companies have the ability to expand to the rest of Oceania. Australia is by far the strongest economy in the region and reliably produces high quality products.
As countries like Vietnam, Indonesia and the Philippines undergo rapid urbanization, this growing class of consumers has more spending power than ever before. Innovative and ambitious Australian companies will benefit the fastest from the new trade.
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Pension funds, health services and mining are some of Australia’s traditionally high performing industries and are likely to remain so.
However, the industries to watch out for are those that are experiencing rapid growth because they are the ones that have the opportunity.
A common trend in our new Covid normal is the return to many services that were unavailable during the nationwide pandemic. Cinemas, hotels and resorts have recovered the fastest and all have opportunities for small businesses.
Many travel companies have been forced to close due to the pandemic and as consumers return to normal practices, there is a significant gap between supply and demand.
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So if you’re creative, there are opportunities for Australian businesses to step in to fill these post-pandemic market gaps.
Maybe you’re a person who would like to start a consulting firm, or maybe you’re a skilled coder who wants to work behind the scenes on websites and apps. You might be handy with tools, a skilled tutor, good with kids, or any number of things.
Whatever your skills, Australia is full of opportunities for you. Here are some business ideas in Australia that have the potential for impressive growth:
The world of technology is constantly changing and companies and governments need more and more digital defenses. A knowledgeable and reliable expert in network security and defense is a lucrative field to start a business.
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Helping companies stay ahead of the curve and solve their problems is an ever-changing industry where a fresh perspective can set you up for success.
Do you have valuable skills? Are you comfortable teaching? Sharing your knowledge by creating an online course is a great way to make easy money off of work you’ve already done.
For foodies and chefs, a restaurant might seem like a logical choice. However, restaurants are hard work and high risk. Catering is a simpler option with rapidly growing demand. Learn more about entrepreneurship in the food and beverage industry with our ExpertTrack.
Australia has a rich history of supporting small businesses and local shopping. However, you cannot count on the support of this community.
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The most important thing to keep in mind when starting a small business is how you differentiate yourself from the big companies. Is your staff friendlier, your product superior, or your location more accessible?
The idea itself will not matter as much as the point of difference. So be sure to make yours obvious to the consumer. Additionally, some great small business ideas include:
If you love the great Australian outdoors and know your way around a farm, then this could be the job for you. If you have enough assets, you can immediately start producing and selling food products. You can even look into sustainable food production.
Plus, with Australia’s big cities boasting amazing local markets, there are so many ways to sell the food you grow or otherwise source. With a simple beehive in your backyard or a row of chicken coops, you can sell honey or eggs without too much setup and go from there.
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They operate with little or no staff and require very little management. The best laundromats emphasize their main selling point, convenience, by choosing an accessible location and longer opening hours.
Many of us now recognize the benefits of working from home. For the business owner, the benefits are even greater.
No more renting, commuting, buying loads of suits or dealing with office drama. All these things drain your resources, and you have precious little money and time for new work.
For many of us, a lack of schedule can lead to lower productivity. So, in order to succeed in a home business, you will need to be adept at project management.
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That said, here are some of the best business ideas in Australia that are currently experiencing significant success:
Do you enjoy creating? Do you have an eye for space and design? This intellectually challenging profession can be enjoyable and stimulating.
The court of public opinion is extremely fickle and the right creative marketing consultant can catapult a company to success. In this digital age, we see a growing demand for skilled marketing consultants from a wide range of backgrounds.
Internet business is a profitable, flexible type of business that has experienced rapid growth over the past few years.
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Not only do you avoid rent, commuting and other office hassles, but you are able to access the international market. Here are some of the best internet business ideas in Australia:
More and more people are turning to technology and the Internet to solve their problems. This is an industry with undeniable growth and tech startups have an opportunity for huge gains. If you have a technological vision and the opportunity to start a business, this could be a useful field.
These digital stores are easy to launch and promote through platforms like Shopify. The setup is affordable and low risk. E-commerce stores avoid the large down payment on rent or mortgage that traditional businesses are often hampered by. Learn the basics of e-commerce in our ExpertTrack.
Whether you’re looking to spice up your income, slowly build a business, or simply become less dependent on your primary business, a side hustle is an easy and time-efficient way to do all that and more.
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Starting a side business is a great way to improve your skills and diversify your income, but for many people, getting started is simply too difficult. For inspiration, check out these side business ideas for Australia:
Platforms like YouTube are digital behemoths, with 2 billion monthly users. Years of vlogging can result in either fond memories or millions of dollars.
If you have a strong presence on camera and have the time to grow your following, then vlogging can be a lucrative opportunity. You can learn to build your personal brand with our ExpertTrack from Professor Jonathan A.J. Wilson.
With affiliate marketing, you don’t design, ship, or stock the product. All you have to do is take a minute or even a few seconds on your blog, social media pages or email list to promote someone else’s product. And in return you get a nice commission. Check out our ExpertTrack and master digital marketing strategies to get ahead in the field.
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There are many other business opportunities. These are the two easiest to start and the most pleasant to maintain:
Have you ever dreamed of being a movie star? Becoming an acting extra is a fun way to earn extra cash and maybe start your Hollywood stardom. Our Introduction to Acting course can help you hone your skills.
If you have the skill set, you might consider starting a babysitting business. Many people with children are looking for skilled, kind and caring people to take care of their children, allowing the children to be at home in a comfortable environment.
Babysitting can be a lucrative business in Australia as parents are willing to pay a lot for the best care for their children. As more people return to the office after the pandemic, this could be an incredible opportunity to help your business grow.
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Australia truly is a land of opportunity. From laundromats to vlogging, there is a huge range of Australian business ideas.
However, don’t stress too much about which industries
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