Do you live in small towns? Are you searching for low-cost small business ideas for small towns and rural areas? Here in this article, we have compiled 10 most profitable small business ideas for small Towns.
Small towns or Tier 2 and Tier 3 cities are the emerging markets in India. Small towns are the biggest potential market for consumer goods and as well as eCommerce. The proof of the rural growth story is corroborated by most FMCG companies in India, who are now earning a nearly similar proportion of revenues from both urban and rural markets. In the present scenario, small towns are surging ahead as hubs of entrepreneurial activity, beating larger cities and even metropolises.
While industrial activity declines in big cities, smaller cities and towns are picking up the slack, often displaying a preference for manufacturing at the cost of the services sector. Starting a business in small towns and focusing the mass market is a financially profitable investment opportunity for the Indian entrepreneurs. Relationship and trust are key drivers of awareness and purchase in the small cities. It is essential for marketers to actively engage and build relationships.
List Of Best Top 10 Successful Small Business Guidelines For Small Towns
1. Acrylic Buttons Manufacturing
The demand for acrylic buttons is increasing due to increase in consumption of garments used for domestic use and for exports. The consumption of both these sectors have registered significant growth in the past and it will continue to show good growth in future years.
2. Agarbatti Making
Any individual can start agarbatti making business as small scale or large scale basis. Agarbatti is considered as household goods having a great market potential. The burning of agarbatti or incense in religious and social functions has been practiced in India since early times. Apart from big brands, local agarbatti companies are doing good in India.
3. Air Bubble Packaging Wrapper
Air bubble packaging wrapper is an essential item in packaging field as a convenient and economical cushioning material. The demand generation of electronic goods and other fragile items in recent years has left a wide gap to fulfill the packaging need using air bubble film which has generated a good potential of the project for new entrepreneurs.
4. Aluminium Door Window Manufacturing
Aluminium door window manufacturing business is one of the profitable small business manufacturing opportunity in light engineering industry sector. You can start this business with small startup capital.
5. Aluminium Foil
Aluminium foil is used in different industries in different forms. Such as Pharmaceutical tablets, bulk & unitized packing of tea and coffee, prepared meals, bakery products, frozen meat, fish, milk bottle caps, wine, lube oil, greases, powdered milk, confectionery, biscuits, photographic film, gift wraps, household wraps, butter, margarine and cigarettes.
6. ATM Space Renting
The demand for ATM space is high. The banks usually rent the space for the certain amount of years and the contract is renewed every two or three years. If you are looking forward to a fixed monthly income, ATM space renting is a good retail business proposition for you.
Bakery is one of the most profitable food processing business opportunity one can initiate by having owned or rented space. Selecting the right product and proper marketing strategy are the major deciding factor in getting success in the bakery business. According to the demand and financial aspect you will need to choose the specific products for your bakery business.
8. Banana Wafer Making
Banana wafers are under-ripe bananas that are cut into slice dipped in syrup solution, dried under the sun or in the oven, fried and eaten as snack food or dessert. Additionally, you can sell the item both in the local and export markets. You can initiate this business as small scale basis.
9. Bedsheet With Pillow Cover
This is a very good consumer product and one of the best business ideas for small towns. You can start the business with small capital investment. Knowledge in the textile industry is important. Small, medium and large scale operation is possible.
10. Bio-diesel Production
Bio-diesel production unit can be established on a small scale basis at any place where the main raw material Jatropha oil is easily available. There is a continuous search for renewable sources of fuels due to the rate of depletion of fossils. The term biofuel is used to define fuels that are obtainable from plants or animals. Being a renewable source, it is gaining attention all over the world today.