11 Lucrative Small Town Business Ideas To Make You Money
Lucrative Small Town Business Ideas To Make You Money
To start a profitable business in a small town or village, you’ll have to conduct market research and a place where you can target your customers.
Doing in-depth research about the type of business you want to do, is one of the steps to becoming successful.
And one of the first steps is reading this post right now because I will be showing you 11 mind-blowing business ideas in a small town that will make you successful.
Every business has competition, even in a small town or village. So, in regards to choosing the location for your business, you have to think very carefully.
11 Best Small Town Business Ideas To Start
Below are the best small-town business ideas you can step into as an entrepreneur. Choose the one that is best for you.
#1. Start A Cold Store/Room Business
Thinking of what type of business to go in for in the rural areas? Consider opening a cold storage business and see how this will turn to profit you in the long run.
Cold room business involves the storage and preservation of perishable foods. Food is packaged and stored in refrigerators at specific temperatures until they are ready to be sold out.
It is one of the most lucrative businesses in Ghana, especially in small towns or villages. Almost all the foods that we consume are perishable, and that’s why opening a cold room business will be a successful one.
Establishing this type of business in a rural area or any small town is a positive vote. I can’t forget my village fish cold store seller, my mother’s favorite customer.
#2. Start Agrochemicals Retail Business
People in the rural areas are mostly engaged in farming. I have been in some of the agrarian regions of Ghana; the Western Region and Bono Ahafo Region.
And I realized that a lot of farmers have little to no access to agrochemicals and fertilizers which will fully help in their crop production.
Opening agricultural chemicals retail stores near these farmers will help solve their problem at the same time doing business with them.
Agricultural chemicals are used by farmers to maintain and treat their crops from possible risks of welting, drying up, and infestations of pests and insects.
Agricultural chemicals that have long been used by farmers are fertilizers, herbicides, insecticides, and pesticides.
These chemicals have aided farmers in a healthier and more abundant harvest. In selling agricultural chemicals, it is important that you have enough knowledge and skills related to the chemicals you are selling.
#3. Start A Poultry Farming Business
For those of you guys who are interested and passionate about livestock farming or anyone comfortable with farm life.
Starting a poultry farming business in a small town will make you famous in agribusiness. Poultry farming is a highly profitable business if you can run it properly under acceptable methods and conditions conducive for the birds.
#4. Open A Pharmacy
“Drug stores” are one of the most visited spots in our community. Entrepreneurs with deep knowledge of how insurance companies rule and understand FDA rules and regulations should consider opening a Pharmacy (Drugstore) retail business in a small town or village.
Most of the people in the small town or villages travel miles away to get medicine from a hospital. Meeting the health need of these people will give you profit in return.
#5. Private Tutoring
Again, the private tutoring business is another profitable business idea to start in a small town or village.
The problem solved is that most children have difficulty competing with the top students (Sharks) in the class.
So they prefer a one-on-one tutor to help solve that maths or science problem. And parents are also willing enough to invest in education for their children.
You can start this type of business in a small town or village by employing a few professional teachers who are also passionate about teaching and have previous tutoring experience.
Never go in for the “all subjects tutors.” They are too expensive for a startup entrepreneur.
Instead, look out for those tutors who are specialized in one subject and can take your students to their highest understanding.
#6. Start A Printing Press Business
The printing press business is another productive business any aspiring entrepreneur should step into.
The printing business is not only growing in the cities, but one can also become successful in a small town or village doing this type of business.
The printing business is not new, it has been in existence for so many years, and it keeps emerging.
Choosing a niche to work in is crucial to success in the printing industry. Avoid being the one who prints everything. Furthermore, use a Mutoh DTF printer to print clear, significant visual elements that are easy to remember and will make your business stand out.
#7. Open A Micro-Finance
Micro-finance is an institution that lends small sums of money to startup entrepreneurs and any individual who can’t obtain funding through an established federal institution or any local bank.
Starting a micro-finance business in a small town will help you solve an economic problem and make money out of it. Remember, successful people, are those who discover a problem to solve them.
Micro-lenders make money by charging people interest on their loans. They may lend out $500 at a 20% interest rate, meaning the debtor will owe $600 by the time all is said and done.
However, this type of business demands a huge startup money upfront, and you need to have a solid business plan to become successful in this finance business.
#8. Open A Mobile Phones And Accessories Store
Starting a cellphone accessory or mobile phone retail business can be highly profitable and highly competitive too.
It seems like almost everyone is interested in the cellphone business.
Again, there are so many websites on the internet eager to sell cellphone accessories as well.
However, if you can find a location with a limited competition or create an online presence that outshines your competitors, you can build a profitable small business selling cellphone accessories.
#9. Start A Gym Or Fitness Center
So many people consider the gym as just a service area, a place where the remaining purpose is to help people get in and stay in good physical shape.
However, a gym is a business, and starting a gym or exercise center in a small town is the surefire to become successful.
Nowadays, people are more concerned about their health and weight. Climbing mountains, hitting the gym regularly, taking weight loss supplements, and doing all sorts of exercises.
There are so many ways to make money when you start a fitness or gym center in a small town.
You can charge members on weekly or monthly memberships. Again, people will also pay you t be their trainer.
The startup costs for opening a fitness or gym business can vary massively depending on the size, facility, and the type of gym you plan on launching.
#10. Boutique Clothing Business
A clothing boutique is one of the best business ideas to start. Many villages don’t have a proper clothing boutique. So, opening this business can be much more profitable in small towns or villages.
#11. Open A Guest House
Have you considered running a guest house in a small town or village before? If only you have the capital for it, opening a guest house is one of the lucrative business ideas to start in a small town or village.
Much like bed and breakfasts, guest houses are a type of accommodation that is often in a private residence. Many provide breakfast and amenities such as tea and coffee, making them semi-catered.
Unlike fully catered accommodation such as hotels and completely self-catered accommodation such as villas and apartments, guest houses provide a bit of home comfort while still offering some degree of privacy.
Unfortunately, you can’t just open your doors and expect your guest house to be successful automatically. It takes careful research, management, and financial planning to make a guest house a success.