If you live in Australia and searching for profitable small businesses ideas, this article will aid in finding you the right option, regardless of being an Australian or an outsider. Australia is a business friendly country that has the world’s ninth highest per capital income and is considered one of the world’s largest economy. Australia is a country of opportunities.
Below is the top 10 list of small businesses that are profitable in Australia and requires low investment:
1 Laundromat Businesses
The Laundromat business is an incredibly profitable business in Australia. The data from IBIS shows that laundry and dry cleaning services in Australia earn around $2 billion in revenue on annual basis.
2 Agriculture related businesses
Australia is one of the major exporters of agricultural products in the world. Agriculture related businesses is said to have a market size of $2.9 billion in Australia creating huge opportunities. Some of the projected growth sectors include fruits, vegetables, poultry, and dairy products beside farm inputs.
3 Rental Services
Rental services have been very popular in terms of money-making opportunities within Australia. Experts suggest that this sector contributes around 70% of GDP to this industry. Rental services may include car, truck, heavy equipment, luxury items etc.
4 Construction
It is one of the fastest growing sectors in Australia. Some common small business ideas in this category include landscaping, waterproofing scaffolding, tiling, painting and insulation services for businesses, residential buildings and commercial buildings.
5 Virtual Office Space Renting
With the growing number of businesses, demands for virtual have also increased. A virtual office provides an opportunity to businesses to operate from any location using technology. It is an address or location that only exists on the web. It assists businesses to save significantly.
6 Digital Marketing
Businesses need marketing and advertising to promote their services and goods. Marketing and advertising on digital platforms have dramatically increased and so has the demand for marketing agencies. Therefore, it is a potential sector that can generate significant revenues.
7 Business support services
Some of the categories in this sector include call centre operations, travel and tour agencies, recruitment agencies and employment placement services.
8 Transport services
Some of the common small businesses in this category are in huge demand such as taxi and limousine services, courier pickup and delivery services, and freight transport.
9 Network businesses
This business idea has recently gained huge popularity in the market. If you love meeting people, you can earn significantly with this business idea. It can start from home and does not require huge investment. A lot of businesses refer to network and marketing businesses to promote themselves and expand their networks to gain more clients. Network businesses play an important role in working as a medium to expand businesses’ network.
10 Retail Trade
Grocery shops, bakery, convenience stores, supermarkets, fuel retailing, motor vehicle retailing and vehicle parts retiling are some of the most common business ideas that can be started small but are highly in demand. Other example include pharmacies, domestic appliances and garden retailing.
Add a Comment