List Of Small Business Ideas – Small businesses are not dead. In fact, small businesses have never had this much support. Of course, running a small business in these times is more risky and more challenging, but there is still a great opportunity to solve various consumer problems and meet the growing demand.
So, if you’re thinking that now might not be the time to start a small business, think again! More people are doing it than ever before. And that means there’s more competition than ever, there are tons of great retail small business ideas that can fit your dreams and needs.
List Of Small Business Ideas
Let’s take a look at this off the shelf retail small business ideas and see if any jump out at you.
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Many of us are interested in different things. And that’s great! If you’re having trouble narrowing down the types of products or services you want your store to offer, pick a few. More and more SMBs are doing it.
Actually, the idea has been around for a while. Yamaha sells both motorcycles and pianos; Bic Popular sells both lighters and pens; Nestle sells water and chocolate.
Today, small retailers often focus on two products that are low cost and time consuming. Some artisan factories are venturing into selling hot sauce and even repairing bicycles. Big retailers like Urban Outfitters have rebranded themselves to sell more than just clothing. Books, cards, plants, albums and many other small ticket items now line their shelves.
There are endless ideas out there, so don’t be afraid to try something unique. A new product combination may seem strange at first, but it will definitely attract attention. And if done well, it could be a huge retail success.
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Quick-service restaurants continue to do well across the board. Even fast food has found ways to keep up with the health and wellness craze. Nowhere is this growth greater among QSRs than in food trucks and pop-up shops.
Food trucks are portable, diverse, and can cater to any demographic. Also, while restaurants today have limited seating or indoor dining is prohibited altogether, food trucks have a level of competition.
As a food truck business owner, you can follow seasons around the country, strategically plan holidays, post near big events, and easily brand yourself if necessary. This small business idea offers amazing flexibility and choice.
Pop-ups have the same luxury. They are an easy way to market your SMB and great talking points for social media. Plus, it gives you the urgency and excitement to get buzz around your product. Pop-ups can offer food, but can be any other type of retail, from a fashion boutique to a pet store.
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It wasn’t that long ago that we had a few beers, wines and spirits to choose from. Not many others were made, rules were stricter, and distribution was more difficult. Apparently, this is no longer the case. Handicraft factories and factories are everywhere. Local wine and cheese shops seem to be on every corner. The artisanal spirits sold as VomFASS became a huge success. And the demand continues to grow with him. If your town is empty of wine shops, craft beer bars, or any other type of alcohol or beverage outlet, think about filling it. Your neighbors love you.
Cities big and small are more environmentally minded than ever. No more New York, L.A. Or no bra. Cities like Sioux Falls, Santa Fe or Asheville (to name a few of the great small towns in the country) have welcomed new residents from all over the country. And it has attracted attention for providing a strong community and neighborhood environment.
At the heart of creating this atmosphere are co-working spaces, community markets and local festivals. Common grocery stores or health shops compete with the biggest names in the country. Local gyms partner with other businesses to attract new customers. More and more cities now host farmers’ markets and swap meets. If your city needs something like this, consider organizing one. If it already exists, think about what small business idea is missing and start it yourself!
Most of us, thankfully, are demanding more responsibility from our retailers. And many retailers have responded in kind. QSR small businesses are often more focused on offering a local, farm-to-table menu. Shoe companies, like Alburds, use natural, recyclable materials with every pair. Even big coffee brands like 365 Everyday Value are insisting that their beans are sustainably sourced and fair trade.
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This activity is encouraged only, so jump in as a group while there’s still time. There is still a vast market for thousands of different products.
More and more Americans are spending money on self-care. From gym memberships to herbal tea shops, the global health and wellness market is expected to reach USD 6033196 million in revenue by 2025.
The great thing about health and wellness retail is the variety of products or services you can offer. You can start a small spice shop in Taos, a juice place in Portland, or a natural supplement store in Minneapolis.
Think about what type of health you are most interested in and see what local supply and demand is. Once you’re up and running, you’ll have plenty of ways to expand and scale your small business.
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This is very broad, but this is beauty. Organic products are more popular than ever. And it’s not just organic products that consumers are demanding: cosmetics, skin care, baby products, pet food, alcohol, to name a few.
Again, focusing on your sourcing, sustainability and supply chain can give your store instant credibility. Find your niche and start your small retail business.
What’s better than locally made? Handmade by you, the retailer. Telling your brand story is fun, simple and inspiring. And most people want to support this type of small business. It’s easy to collaborate with other local artists to sell handmade products together. This type of promotion benefits both sellers and makes your customers happy.
Vintage is not only cool, it is a good practice to reuse old but perfectly good clothes. Plus, it has to be one of the most fun small businesses to start. Building your inventory is easy and you can do it by shopping at some really interesting places.
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Vintage shops, thrift stores, or second-hand markets are easy ways to compete with ecommerce retailers. Quite a few web stores have started selling used goods online.
The art of cooking may be on the wane, but Blue Apron isn’t sure. The company that sells you food in a box was the fastest growing retailer in 2017. And Blue Apron is one of many.
Dollar Shave Club began selling a full line of men’s grooming products in 2011 and was recently acquired by retail giant Unilever for around $1 billion. Wink (formerly ClubW) sells monthly, customizable wine collections. Try the World offers authentic gourmet cuisine selected by chefs from around the world.
The industry is growing at an amazing rate and can be sold online or in brick and mortar stores. It makes shopping easy and fun. So come up with the next big box subscription idea and run with it!
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Marijuana is now legal in some form in most states. The industry is flooded with small players and big businesses, making it a difficult market to enter. The rules and regulations around it are also difficult to work with. This does not mean that one should not open a cannabis store; It can be incredibly profitable. But for the sake of this article, the focus is better on cannabis-related retail.
The growing demand and use of cannabis is impossible to ignore and opens doors for new glass stores, QSRs, vape shops, clothing retailers and even art shops or studios. You have many options and a huge, largely untapped market for starting a small business.
Finally, how about following the example of the now famous TOMS shoes, and donating something with every purchase? People will pay more for these types of products, so your margin shouldn’t even suffer. This goes hand in hand with the sustainability movement and is a great way to generate some positive press around your product even before you open. You can donate a product you sell (like TOMS does) or make something completely different. What a great way to start a small business.
Of course there are! a lot of. But this is a good place to start. If you are considering opening a small business or just starting one and need a great small business POS system, look no further than KRONA. Click the link below to see some of our best selling features and sign up for a free demo!
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