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Small Business For Sale In Singapore
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Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and upfront costs and more on getting your ideas off the ground. Let us help you overcome the first mental hurdle “I want to start a business but I have no ideas”.
These 26 small business ideas are a great starting point for startups, startups, or anyone with a busy schedule, and allow you to start a business without leaving everything else behind.
To help you find inspiration to get you started, we’ve compiled a list of 100+ in-demand business ideas divided into categories like fitness, apparel, and gaming.
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Regardless of the type of business you run, you’ll need a good domain name (use our free domain name generator) paired with great branding and a representative logo.
Buy inventory, store it, pick it, pack it, ship it. Inventory management is a big responsibility when running a business.
Dropshipping is an easy, cheap business idea to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It is one of the best businesses to start because it is cheap, practical and scalable.
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You don’t have to manage any products yourself, you just need to do the sales and transfer the orders to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can list products from one or more vendors in your own online store under a theme that focuses on a specific niche, such as accessories for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for your own marketing and customer support.
There are local and foreign suppliers that you can work with as long as you can build a relationship based on trust with them; an unreliable supplier will reflect poorly on your brand.
Dropshipping is a great way to test a product’s market fit and start a business before investing in your own original products. Just be sure to always order a sample for yourself to ensure that your supplier is reliable and that the quality of the product is suitable for sale to your customers.
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Another dropshipping model, print-on-demand, puts inventory, shipping, and fulfillment in the hands of a third-party supplier. But unlike the dropshipping business idea above, the focus here is on customizing the product with your own design to create something original.
T-shirts, hats, phone cases, caps, skirts, bags and more become canvases for your creativity. You can come up with cute slogans or developer links that resonate with cat owners. if there is passion and pride in the community, there is a potential t-shirt business you can start.
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Even if you’re not a designer, you can find someone to work with using sites like Fiverr, Upwork, Dribbble, or 99Designs.
With many print-to-order services, you pay per item, so the base price per unit will be more expensive than if you order in bulk. But the upside is that if a particular t-shirt design doesn’t sell, you still haven’t paid for the product (only the design if you ordered it).
You can even use t-shirt mockup templates to save extra money on a full photo shoot for each new design.
There are a number of print platforms you can work with, many of which can be integrated into your store for seamless order fulfillment. However, be sure to always order a sample of your product (often offered at a discount) to make sure your custom product looks good.
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A book is just a different kind of product when you think about it. As such, you can create one to meet a specific market demand.
Cookbooks, picture books, comics, poetry books, photo books, coffee table books and novels. if you have the knowledge or the creativity, there are a number of original books that you can bring to market. The options are endless, making it one of the best ideas for small businesses.
Print on demand is a relatively safe way to test the waters and start self-publishing. It also gives you control over the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your own books as physical and digital products. You can also sell it on third-party marketplaces like Amazon or Powell’s.
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Although you can order one book at a time, costs naturally go down when you buy in bulk. Consider reselling or crowdfunding your book idea to ensure there is demand and guarantee a certain amount of sales so you can feel confident ordering in bulk.
Publishing your own book can be a great way to monetize a blog if you have one or want to start one.
Digital products like music, courses, podcasts, and templates are unique to this list of small investment ideas for small businesses. Unlike others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your margins can stay high, making it easy once again to be one of the best businesses to start.
The challenge is figuring out what’s good for a digital product. What is so useful that people are willing to pay to download it?
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Answers range from original tooltips to photos that can be licensed to other creators to information products and templates that help people improve their skills in a specific area.
If you have talent that can be turned into a digital product, consider packaging it into a new revenue stream.
Has a free digital download app that allows you to offer digital products in your store just as easily as physical products.
If you’re artistically inclined or know your way around a camera, you can deliver using a print-on-demand business model, allowing others to physically own a piece of your creation. Just make sure you own the rights to the content you want to print or use public domain assets that you’re free to monetize.
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If you already have an engaged online following, such as a cartoonist or urban photographer, you’re in an especially good position to try this small business idea.
Depending on the printer you work with, you can turn your work into products like posters or framed wall art, even greeting cards. There are many inexpensive digital templates and mockup generators like Placeit that you can use to display your products without having to print each product and do your own photography.
In our free 40-minute video workshop, we’ll take you from a product idea to creating an online store and selling your first print.
Having a mission that aligns with business and dedicating some profits to that cause gives social entrepreneurs a unique way to position their company in the marketplace while addressing the issues they care about most.
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While many social enterprises offer their own original products, you can also take any of the above low-cost small business ideas and partner with a nonprofit or implement that social good yourself, as long as you’re transparent about it. How does it work?
As part of your marketing, you can share your customers’ impact in support of your business, such as a blog post highlighting your community work or a real-time impact gauge on your website.
The Give & Grow app makes it easy to partner with charities and incorporate your mission into your business. You can set it up to donate a certain amount or percentage of sales, or ask your customers to add a donation at checkout.
Providing services is not passive, but it can certainly be a profitable way of self-employment. With service-based small business ideas, “time” is your inventory and your biggest investment. You have a limited number of hours in the day. However, it makes it easy to get up and running if you have the necessary skills.
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Writers, graphic designers, virtual assistants, SEO practitioners, cleaning service providers, dog walkers, real estate professionals and more can build businesses based on their skills. Can you recommend them?
