Do you reside in West Virginia and you need ideas for starting a business? Here are top 10 small business investment opportunities in West Virginia, USA. West Virginia is a state in the US and it is located in Appalachian region of the Southern part of the United States of America. The capital of West Virginia is Charleston and it is also its largest city. Other cities include Wheeling, Weirton, Pittsburgh, Bluefield, Huntington, Morgantown, Martinsburg, Harpers Ferry and Eastern Panhandle.
The state of West Virginia is the 38th most populous state and also the 41st largest in terms of area compare to the rest of the 50 states that make up the united states of America. People from all over the United States and other parts of the world visit the State of West Virginia periodically for mountain biking, skiing, hunting, fishing, whitewater rafting, backpacking, et al. The Coal mining and Logging industries is a significant contributor to the economy of the state of West Virginia.
Statistics has it that West Virginia is the second largest producer of coal in the US. Other industry that contributes majorly to the economy of West Virginia is the Oil and Gas industry, Tourism and the Service Industry. The state of West Virginia is known as one of the best states to do business in the US. As a matter of fact; in 2010 Morgantown in West Virginia was listed by Forbes as 10th best small city in the whole of the United States of America to do business.
Consequently, if you intend relocating to the state of West Virginia for the purpose of establishing your own business, then you should consider some of these business opportunities available there;
Top 10 Small Business Investment Opportunities in West Virginia
Table of Content
1. Coal Mining and Exportation
Coal mining and exportation is one of the highest employers of labor in the state of West Virginia. If you are interested in dabbling into this kind of big time business with high profit margin, then you should consider investing in the coal mining industry.
You would be required to obtain a license to start this kind of business and the fee is relatively high; but you can be rest assured that you stand the chance of having good returns on your investment if you pull through with obtaining the required license to operate your own coal mine.
2. Sales of Fresh Fish
Fishing is another very important business in the state of West Virginia. You can start by buying fresh fish from the fishermen and selling it in your shop. Just ensure that your fish mart is well located and people passing or driving by can easily stop to buy from you.
It is indeed a profitable business that requires low startup capital. The good thing about this kind of business is that if you are good with bargaining, you can get your fresh fish supply at a very cheaper rate from the fishermen and sell at a reasonable prices that can guarantee you good profits.
Tourism is another major contributor of the economy of the state of West Virginia. Therefore, if you start your own Travels and Tours business, you can be rest assured to make huge profits. So if you are thinking of starting your own business in West Virginia, then you should consider starting your own travels and tours business.
You can also consider starting your own real estate agency business if you are looking for a low startup capital business to engage in. It is easy to establish and manage especially if you know your way around the city because you would be required to go about town inspecting properties put up for sale or for lease.
If you have a passion for being hospitable and you have the required capital, then you should consider starting your own hotel business. This business no doubt is capital intensive, but on the other hand certainly a profitable business in the state of West Virginia. You would be required to build your hotel in an area that is easily accessible and make sure it is listed in the Yellow Pages of the state of West Virginia.
Another thriving and low startup capital business you can start in the state of West Virginia is the Laundry and Dry Cleaning Business. You wouldn’t require any form of license to start this kind business. All you need is a good space and excellent marketing skills to start this kind of business. However, you must be located amongst an environment where your services may be needed.
7. Rubber Stamp / Engraving Business
If you live in any of the city in the state of West Virginia and you want to start a business that can service both small and big businesses, then starting your own Rubber Stamp (Engraving) Business might be a wise option for you. This is one very simple business to start and you would only require a small office space to run this kind of business. What is more, this kind of business is highly suitable for people without college degree.
Nail Studio and Spa is yet another thriving business you can start in the state of West Virginia. If you start your own nail studio and spa in cities like Morgantown or Charleston, you can be sure of having more than enough clients than you can handle especially on weekends. The trick needed here is that you need to attract and retain customers is to make your nail studio and spa very attractive and with good ambience.
You can start your own home based bakery business in West Virginia and be sure of delivering your breads to loads of homes.
The beauty about starting your own home based bakery business is that, if you have done your diligent marketing exercise and you have secured homes that you could possibly deliver your bread to every morning, and then you can easily project sales and profits. Just ensure that you produce good brands of bread that is of good taste and quality so that you wouldn’t lose your existing customers.
Bookshop and stationary business is another profitable business you may start in any of the cities in the state of West Virginia. All you need to do get started is to secure a shop that is located in a busy area of town and ensure that you have all types of books (Motivational, Educational, Fictions, Self Help, Children books, magazines et al) in your bookshop.
These are some of the business opportunities you can start in the state of West Virginia. Venturing into any type of these businesses, means that you are positioning yourself for great success.
- How to Choose a Perfect Business Name That Stand Out in 2022 - October 29, 2021
- How to Write a Marketing Plan in 2022 [A Complete Guide] - September 29, 2021
- 75 Great Business ideas for the Future 2025 – 2030 - September 3, 2021