10 Business Ideas for Young Entrepreneurs in The Village
For young and upcoming entrepreneurs, starting a business from the village may seem scary, but for business, there is a unique mark in the village that is in the city. The village attracts larger untapped markets than the city, has lower starting costs, and is more stable and supportive than the city. Most of the new businesses that start in the village grow big but the risks involved is that they need a more stable and supportive environment. Below, young village entrepreneurs should find and start one of the most promising businesses in the village:
Laundry Business
Laundry businesses have the greatest potential in the village in case people do not have the time and the machines to wash, dry and fold their clother. Young entrepreneurs can buy a few washing machines and a place to dry the clothes. To have more prospect for growth home washing and drop shipping services can be tailored. To sustain growth in this business, continue to provide the same quality service at a minimal price. Laundry services often have repeat customers, which guarantees a good and stable income. There are many other untapped markets in the village.
Money Lending
Providing small loans to individuals within the community is a good business model. There will be a need for the villagers to obtain quick loans for emergencies, small business, purchases, or farming inputs to cash. A money lender will be able to assist the community financially while making a profit by charging interest for the loans. To be successful, it is important to establish contracts, show transparency, and charge reasonable interest. Consider starting with small amounts of money and moving to larger amounts as trust is established and a good reputation is developed.
Selling Second-Hand Items
There is a good profit to be made off of a low startup business that specializes in selling second hand goods. Especially for villagers, low-cost alternatives for clothing, furniture, and electronics tend to be in high demand. There is a good chance that people in the community or in nearby towns would be willing to donate gently used items, of which you could then resell in the village. Selling these items could be done from a small store which can be easily made by a small kiosk. Items that will do well include clothing that is in season, and other good condition items that are reasonably priced.
Chicken Rotisserie Business
With many villages lacking fast food, a chicken roasting business is a great opportunity. Where there is roasted chicken, there are folks seeking to eat it or use it for gathering with friends and family for lunch/dinner or at an event. Start preparing a small gas or charcoal grill with a couple different flavors, and you can always offer home delivery and/or catering for events. If you want to grow a steady customer base, you have to stay reasonably priced, have a regular taste, and cleanliness.
Mobile Beauty parlour
Mobile salons offer a great source of income and provide a much needed service. Most villages do not have professional salons or beauty parlors. This service can be provided by young entrepreneurs offering simple hair cuts, styling and mani pedies along with basic facials from the convenience of the customer home. This is a low investment business and relies heavily on the practitioners ability to form a good trust relationship with the customer due to the close contact involved . The convenience of the service is the primary selling point.
Crop Farming Business
Starting a crop farming business, whether growing vegetables, grains, or fruits, can be extremely beneficial. Agriculture remains one of the most important industries and sustains the economy of the rural community. Young entrepreneurs can offer tomatoes, green peppers, and leafy vegetables, which are generally in demand throughout the year. By implementing both advanced farming practices and traditional farming practices, profits can increase. Selling farm products in local markets, in roadside kiosks, or in towns can provide the largest profit. The market might be seasonal, and having a range of crops can be an important factor in farming.
Baking Business
A baking business is a fun and profitable opportunity in villages that have little access to baked goods. Homemade bread, cakes, and cookies are often desired for dinner, for holidays, or for gatherings. An initial investment requires a small oven and some basic goods. A growing customer base can be the result of supplying food to local shops, and using social media and word of mouth. Quality, taste, and presentation of baked goods is most important in order to stand out.
Shoe Polishing Service
This is a business that is more practical in villages where the residents wear leather shoes, school shoes, or other formal footwear. But it may seem small. Polishing shoes only once costs so much money. Putting a small shoeshine station close to primary schools, markets, or bus stops increases the station’s attraction to potential customers who will may become regulars. Furthermore, to increase income, other services in minor shoe repair can be offered as well. The business is cheap to set up but would require ongoing effort, and more than the usual, a high level of customer service.
Cosmetic Products Business
A business selling cosmetic products is another of the most promising business ideas in villages. Young people and adults alike always have to have soaps on hand, softening, and other creams, oils, makeup products and essentials. Starting small and getting products from a wholesaler, or a small local manufacturer, or service providers can easily draw in customers by offering small samples. A lot more products can be offered than the customer may even have a use for. Customer use, education, and both affordability, and quality of the products can have a high level of influence on sales. From here the offering can be further expanded to be organic or herbal. These have high sales potential as well.
Poultry Farming Business
If you are an entrepreneur in the village, then you can undertake Poultry Farming as a long-term and highly profitable venture. Raising chickens for meat or eggs can ensure great profit as this product one will always be in demand. You are able to begin with a small, cheap amount of chickens, and work your way up from there. If you provide the chickens with their requirements for nutrition, along with hygiene and veterinary care for the birds you will be able to produce healthy birds. Your produce can be sold to villagers, local business or restaurants for a reliable income. If working with a poultry farm, you can also add value to your business by having a chicken roasting venture.
Conclusion
Starting a business in a village demand a great deal of innovation, and a full grasp of the local market need. The above listed, that is, laundry service, money lending, chicken roasting, second-hand selling, poultry farming, mobile salon, crop farming, baking, shoe polishing, and cosmetics are some of the many ventures that a willing entrepreneur can undertake in order to profit positively and create a self sustaining venture.
The secret to successful village business is not huge investments, but on the other hand, incredible reliability, personal bond, and great attention to the desires of the community. For any entrepreneur willing to learn, have passion, and great attention to the details, the above listed ideas can turnaround into a highly successful business.