Generally when you are looking for some business ideas you will get the recommendations about getting a haldiram franchise or starting a website offering a service. However, in this article we decided to go a different route and present to you and some of the best and most profitable business ideas that involve trading:
- Grocery wholesale business
Grocery wholesale business is one of the best small trading business ideas. The main reason for this is that grocery items have a high turnover rate and low margins usually attract more customers into the store. This means that you can easily earn a lot of money from this business idea without having to invest much capital in it. You can also read more on newsjacking for further information.
If you want to open a small grocery wholesale shop, then you need to have good knowledge about your product category and also about the market trends. You should also know how to manage finances efficiently so that you don’t have any financial issues in future. If you can do all these things then there is no reason why you shouldn’t be able to succeed with this type of small business idea.
- Dropshipping
Dropshipping can be a great entry point for new businesses. It’s also a great way to scale up an existing eCommerce business.
If you have no idea how dropshipping works or why it’s so popular, let me explain.
In short, dropshipping is selling physical products online, but you don’t stock them. Instead, when someone orders from your website, the order is fulfilled by the supplier directly. This means there’s no need for an inventory or warehouse; you just need a website and the right tools to make it easy for customers to find what they want.
- Beer distribution
If you are looking for a small business idea and you love beer, then this is a great option. You will act as a middleman between breweries and retailers. Distributors may have exclusive rights to distribute a certain brand of beer, but they usually carry several brands.
You can buy beer from small breweries and sell it to retailers or bars, restaurants, and hotels. You’ll need money to buy inventory and pay for transportation; however, you can make a lot of money if your sales volume is high enough. This has easily the potential to be one of the most profitable trading business ideas.
- Selling perfume online
Perfume is another thing that people love and spend money on. If you have some knowledge about perfumes, then you can start an online store where you sell them. You can even offer gift boxes with several types of perfume inside them, which gives your customers an option to choose from different brands. You can also sell other accessories like shower gels and body creams in order to make more profits.
- Garment Trading Business
Garments are one of the most traded products in the world. This business is very profitable and suitable for the people who want to start a business with low capital. You can find a lot of wholesale traders in any city or town. The profit margin is very high, so you can earn a lot of money by selling garments.