What is the most profitable business in a small town? How to choose a profitable business for a small town?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Not only residents of the metropolis want to make good money. The inhabitants of the province also hold their own business in high esteem. For a small town, of course, there are not so many suitable ideas to help start a business. However, there is always a way out. And you need to start by finding a business with low competition that will provide the right boost at the start.

A small town is characterized by a small population, usually between 15,000 and 60,000 people. In such settlements, retail trade is highly developed, there are small markets and small wholesale networks. The range of services provided by small organizations and private entrepreneurs occupies the bulk of all business areas.

Very often, a newly minted private entrepreneur who does not know what business is the most profitable in a small town and does not have a clear plan of his own, begins to test himself in a competitive area, which in many cases turns out to be a failure for his activities. To avoid this, the first thing to do isget acquainted with the main advantages and disadvantages of such a business, as well as identify an unpromoted, but profitable area of \u200b\u200bactivity.

A profitable business in a small town is your profitable plan

First, you must give an objective assessment of the modern market. What new product or service would you like to see in your city? What do consumers need and want? What weaknesses characterize your future competitors? And, of course, the main question: “What is the most profitable business in a small town?” Each locality may have its own, different answers, so it would not be entirely correct to advise something specific in this case. A sparsely populated city is good because all its inhabitants are more or less familiar with each other, so finding out what your neighbors and acquaintances want and are willing to pay for innovations is the easiest thing. You can do a little research: ask the townspeople about what is missing in the city and what they would like to see. Perhaps in this way they will give you an idea and open your eyes on how to choose a profitable business for a small town.

You cannot open a business if you are not familiar with the subject of its activities, if its specifics are far from your interests. As a rule, such enterprises never end in success. On naked enthusiasm, as they say, you will not go far.

The main disadvantages of doing business in a small town

First of all, I would like to focus on the disadvantages that affect the potential andbusiness profitability. Perhaps, after reading them, you will get scared and lose interest in the topic “What is the most profitable business in a small town”, but do not rush, it is better to read the article to the end.

• The main disadvantage of such a business, of course, is a small cross. So, if, for example, we take a more passable place in a city with a population of about 20 thousand people, then it will still have less efficiency than an ordinary ordinary place in a large settlement, for example, with a population of 150 thousand people. Therefore, the most accessible places in a small town should be considered.
• The second - no less significant minus - the small salary of the townspeople. It is no secret that the inhabitants of the provinces receive less for their work than their counterparts in larger settlements. Therefore, we can draw a fairly simple, but logical conclusion: the lower the salary of people, the less likely it is that part of the money earned will go to the purchase of your goods and services.
• Do not forget about the competition, without it anywhere! The city is small, profitable areas offering essential goods are already packed, there are enough people who want to have a good income. And yet, on top of that, large regional and federal networks are everywhere climbing with their goods and ruining the lives of local merchants.
• The last disadvantage is the widespread shortage of qualified personnel. Of course, professionals are everywhere and always, but finding them can take a long time, and sometimes you even have to poach them with the promise of a higher salary.

…and pros

Of course, there are a lot of minuses, but each drawback can be turned into an advantage if desired. If you are still wondering what kind of business is better to open in a small town, then you are ready to fight for your place in the sun.

• The main plus, which in its importance takes the first place of honor, is a fairly low price per square meter of rented premises. A profitable business with minimal investment in a small town implies a reduction in the costs of entrepreneurial activity, and therefore an increase in the potential income of the entrepreneur. And this plus just contributes to this situation.
• In order to turn competition into a big plus, you need to become a beginner in your business. Find a business area that is not yet in the city. No competition - no headaches.
• To make the working staff a plus, you need to determine which business (the most profitable in a small town) does not need professional staff. In fact, there are a huge number of niches that require conventional labor to operate. And usually cheap.
• Finally, I would like to highlight a plus, which is quite difficult to get, but it is possible by providing the population with quality goods or services. This is the trust of citizens in your business. It is necessary to plan correctly and offer residents the optimal ratio of price to quality of goods and services provided. And the laudatory people's reviews will not leave you without a good monthly income!

How to open a business in a small town: tips andexamples of business ideas

As mentioned above, a sparsely populated area is characterized by a minimum level of demand, a small average check amount, a limited number of potential buyers and a limited area for business expansion. However, in such towns there is a stable demand for consumer goods and services.

You can start a business in any city. But in order to succeed, you must consider the following features:

• Competently choose a niche for your business in a small town. Opportunities and implementation of the idea in the metropolis are more real. And what is lucrative in a large city may not be profitable in a small town.
• Get the right approach to planning your activities: optimize costs, put income into development.

The most important thing is to have a desire to work, to work tirelessly, without being distracted by various holidays and weekends, to learn to ignore various ridicule, especially in case of possible failures at the start. If your activity is focused on the population, then you can build a profitable business in a small town. Key ideas will help you get there.

Business idea 1. Private kindergarten

Today, in the current demographic situation, in small towns there are often problems finding a kindergarten for a child. This is due to the fact that the number of open public institutions is extremely small, andsome of them are also closed. Working parents will be happy to entrust their child to you if you offer them the best price tag and quality service. The amount of start-up capital here is quite large, and the payback will take some time, but this project has repeatedly confirmed its success. The main thing is to do your job with high quality, and reviews of a good private kindergarten will instantly spread around the city, you can be sure.

Business Idea 2: Solving Minor Home Problems

This idea can be safely categorized as "Best Small Town Business Ideas". After all, the opening of an agency called "Man for an hour" or "Wife for an hour" is a quickly paid off activity, the organization of which does not require large finances. The activities of such firms are related to solving household chores, for example, cooking, washing, assembling / disassembling furniture and other household chores. It is very convenient that for this business you do not need to rent a room and immediately hire staff. It will be enough at the first stage to buy the necessary tools, register an IP and place an advertisement so that as many people as possible learn about your service. In principle, you can get by with a financial investment of 25,000 rubles. It should also be noted that this business is ideal for people who love to work and are not afraid to do the work themselves, agree to a small but very stable income.

Business idea 3. Bakery

Opening a small bakery business is another good business idea in a small town as quality bakery products are always in high demand. True, expensive equipment and the necessary collection of a whole package of permits can be a strong argument to make a choice in favor of another business project. But if you still decide to open your own bakery, then you will need start-up capital, the amount of which will be approximately 1.5 million rubles. At the same time, it should be expected that the project will pay for itself in full not earlier than in a year. If you correctly invest this amount in a bakery, you will achieve a truly high-quality bakery production line.

Business Idea 4: Repair and Key Making Company

In order to open such an organization, you do not need to be a great specialist. And all because the latest equipment in the form of a key cutting machine will do all your work on its own. You can work in the workshop yourself, besides, a small room is enough. Such a business allows you to save both on employee wages and on rent. If desired, you can engage in the production of keys at home. This will completely save you from the rental expense item. If you are more or less versed in repairing things such as irons, umbrellas, food processors and other similar small gizmos, then you can additionallyconsider providing services to repair them. This will increase the client flow and the amount of revenue received. The cost of opening a workshop will be approximately 70,000 rubles.

Business idea 5. Online store for handicrafts

If you are a creative person and have good skills in sewing, knitting and other types of needlework, then you can easily answer the question of what is a profitable business in a small town. Business ideas will be prompted by your creative nature. After all, you can put your abilities to use and make good money on it. The problem of a small town in this situation lies in the small demand for the results of your creativity. But modern technology helps to solve such nuances. It is enough to create an online store where you will take orders for the manufacture of exclusive hand-made products and sell those that are in stock. Sending to other cities should be cash on delivery by mail, while the price tag for shipping must be included in the cost of the goods. The demand for quality and creative products is always high. All you need to set up an online business is a website, you can order it from a professional or take care of creating it yourself, if, of course, you have some skills. You should also pay due attention to the promotion of the resource in search engines to increase the number of customers. The required amount of starting capital in this case may be limited to 25,000 rubles.

Business idea number 6. Opening courses (dance, martial arts, etc.)e.)

Today, many parents are thinking about where to place their child, so that the child learns not only the school curriculum, but also develops additionally, gaining new knowledge and skills. This contributes to a fairly high demand for all kinds of courses. When choosing a direction, you should be guided by what you understand and what classes you can conduct on your own. Dance courses are very popular at all times. The initial capital for such a business project is highly dependent on the planned number of students and on your teaching abilities. For example, by agreeing on cooperation with the House of Culture, you can significantly reduce the cost of renting a room. You should also not neglect fashion trends, you need to teach current areas of dance. You should also develop a good promotional campaign to recruit the required number of students in the group that you can handle.

Summarize

As you can see from the article, there are more than enough opportunities for active residents of small towns. And the above list of ideas is far from definitive. If you think about it, everyone is likely to find many more relevant entrepreneurial ideas that can solve the problem of what kind of business to open in a small town. Several of the project options presented in this article have proven their viability more than once. However, if you still haven’t found a job you love, then there is a great opportunity to startyour business online. Here you can simply work, sell, enter into contracts with online customers. In addition, knowledge of English makes it possible for you to interact with citizens of other countries.

Perhaps your path is a little different from the usual route. And it is you who will be able to open a different, unlike anything profitable business in a small town. New business ideas appear at an enviable rate. Who knows, maybe you can come up with something that no other person has thought of. Don't be afraid to step aside. And do not try to find a commercial component in every idea. Just start changing the reality around you. At first mentally, and over time in practice, and then it will become much more interesting and brighter, and your life will become richer. In every way.

Thus, it is quite possible to find a profitable business idea and implement it in your small town. But in order for the idea to succeed, it is necessary to take into account the location of your settlement. And by making some effort and making an accurate calculation, you can benefit not only yourself, but also make life easier for your fellow countrymen.