What are the best small business opportunities in Australia? What are the best business ideas to start in Australia? Do you want to know the best investment opportunities in Australia for 2019? Then I advice you read on.
Being a country with a very stable economy, Australia is a very fertile ground for small businesses. According to the MYOB Business Monitor, business confidence is growing in Australia, especially among small businesses.
Though the fact remains that there are challenges to starting a business in Australia, most of these challenges are usually overcome by small businesses. So if you are looking to start a business in Australia, here are business opportunities you can explore:
10 Best Small Business ideas & Opportunities in Australia for 2020
1. Online retail
Most of the online shoppers in the Asia Pacific region are Australians. In fact, about 80% of Australian internet users made online purchases last year. Only a few retailers are taking advantage of this trend; most businesses are still reluctant to have an online presence.
So, if you are planning to start your own business, consider starting an online retail store. With only few online retail stores catering to the demands of the several online shoppers in Australia, you have a good opportunity to capitalize on.
The Australian Bureau of Statistics once revealed that 72% of Australian households have access to the internet, and more small businesses rely on the internet to run their businesses. What this means is that there are several thousands to millions of computers and related devices in use presently in Australia. If you have a knack for fixing faults in computers and other electronic devices, you can start a business that helps people maintain and fix their devices.
When a new business launches, there is the need to connect it with prospective customers within the local community. But only few individuals or businesses have the required strategies to achieve this. Yet, new businesses are emerging in Australia at a high rate. So, if you have a background in strategic marketing and networking, you will make money by starting a business that networks businesses with prospects.
4. Pet services
Australians love their pets dearly. And the pet care industry in Australia is growing exponentially, as pet owners are paying huge prices to cater for the various needs of their pets. If you love pets and would like to get paid for taking care of them, consider starting a pet care service or a business that sells pet care products. You can collaborate with retail outlets like Mega Pet Warehouse in order to open up cost effective opportunities.
5. Green services
Going green and being environmental friendly is increasing in importance by the day, and it’s the same story in Australia. However, many people and businesses are still feeling completely at sea when it comes to understanding the whole concept of going green. Yet, the government is enforcing laws mandating them to ensure that their activities are environmental friendly. So, there’s a huge door of opportunities for green living consultants. You can become one in Australia.
Travel has always been on the agenda of most Australians, and it will continue to be. Businesses that offer various travel services as well as experienced individuals that specialize in certain travel needs will continue to be relevant. So, you can start your own travel agency or become a qualified travel consultant. This will help you tap from the “cheese” in the travel industry.
7. Workplace relations
With more changes in workplace laws coming into effect in Australia, most small businesses are under prepared in this area. This is especially important because small businesses employ a large fraction of the Australian workforce. To effectively adjust to the ever-changing workplace laws small businesses are hiring consultants who are familiar with these laws and can offer proven strategies for adapting well to the laws. If you think this is an area you can fit in, explore it.
8. IT services
Because more businesses are now realizing the importance of information technology in the present age, they are adopting all measures to utilize the technology to their benefit. You can really be an asset to many Australian businesses if you have a strong background in information technology, especially the internet and online database management.
9. Food and snacks
This is a winner in any economy, anytime. People eat every day, and Australians are not an exception. So, if you start a business that makes or sells foods and snacks (such as a small restaurant), you will start generate huge profits quickly. This business is very easy to start.
This is another industry that is a gold mine anytime. Australians are ever conscious of their health and they are ready to spend any amount to keep themselves in good shape. Despite the fact that there are already many health and wellness products available to Australians, there’s enough profit to go ground.