Great Small Business Ideas For Small Towns – Small business is not dead. In fact, never has there been so much support for small businesses. Sure, operating a small business during these times is significantly riskier and more challenging, but there is still a huge opportunity to solve various consumer problems and meet growing demands.
So, if you’re thinking that now might not be the time to open a small business, think again! More people are doing it than ever before. And while this also means there is more competition than ever, there are an incredible amount of great retail small business ideas out there that may resonate with your dreams and passions.
Great Small Business Ideas For Small Towns
Let’s take a look at this far from exhaustive list of retail small business ideas and see if any jump out at you.
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More and more of us are interested in a variety of things. And it’s great! If you’re having trouble narrowing down the type of product or service your store offers, pick a few. More and more SMBs are doing this.
Actually, the idea has been around for some time. Yamaha sells both motorcycles and pianos; BIC famously sells both lighters and pens; Nestle sells water and chocolate.
Today, small retailers typically focus on two less expensive and time-consuming products. Some craft breweries are venturing into selling hot sauce or even repairing bicycles. Large retailers such as Urban Outfitters have rebranded themselves to sell much more than just clothing; Books, cards, plants, albums, and many other small ticket items line their shelves now.
There are endless ideas out there, so don’t be afraid to try something unique. A new combination of products may seem strange at first but it will certainly attract attention. And if done well, could be a huge retail success.
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Quick service restaurants are doing well across the board. Even fast food has found ways to keep growing in the wake of the health and fitness craze. Nowhere is this growth greater among QSRs than in food trucks and pop-up shops.
Food trucks are mobile, diverse, and can cater to any type of demographic. Also with today’s restaurants restricting seating or indoor dining altogether, food trucks have a competitive edge.
As a food truck business owner, you can follow seasons across the country, strategically plan holidays, post near big events, and easily rebrand yourself when needed. Can This small business idea offers a remarkable amount of flexibility and choice.
The pop-up has the same luxury. They are an easy way to market your SMB and are great talking points for social media. Plus, it provides the urgency and excitement that builds buzz around your brand. Pop-ups can serve food, but they can also be all kinds of other retail, from a fashion boutique shop to a pet store.
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It wasn’t that long ago that we had just a handful of beers, wines, and liquors to choose from. Not that many others were made, the laws were tough, and distribution was even tougher. Obviously, that’s not the case anymore. Craft breweries and distilleries are everywhere. Local wine and cheese shops are found on every corner. Artisanal spirits, such as those sold as Womfas, have been a huge success. And along with this the demand also keeps on increasing. If there’s a void in your city for wine shops, craft beer bars, or any other type of wine or liquor store, consider filling it. Your neighbors will love you.
Cities large and small alike are more locally minded than ever. There’s no more New York, LA or Bust. Cities like Sioux Falls, Santa Fe, or Asheville (to name a few of the many great small towns across the country) are welcoming new residents from all over the country. And they’ve attracted attention by offering a strong community and neighborhood atmosphere.
Central to creating this environment are co-operative spaces, community markets and local festivals. Co-op grocery stores or wellness shops are competing against some of the biggest names in the country. Local gyms partner with other businesses to attract new customers. More and more cities now host farmers’ markets and swap meets. If your city needs something like this, consider organizing it. If it already is, think about what kind of small business idea is missing and start it yourself!
Thankfully most of us are demanding more responsibility from our retailers. And many retailers have responded in kind. QSR small businesses often focus more on providing a local, farm-to-table menu. Shoe companies, such as Allbirds, use natural, recyclable materials with each pair. Even the big coffee brands, like 365 Everyday Value, are stressing that their beans are sustainably sourced and fair trade.
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This movement is only gaining momentum, so jump on the bandwagon while there’s still time. There is still plenty of market space for thousands of different products.
More and more Americans are spending money on their own care. From gym memberships to herbal tea shops, the revenue of the global health and wellness market is expected to reach USD 6033196 million in 2025.
The great thing about health and wellness retail is the diversity in the types of products or services you can offer. You can start a small spice merchant store in Taos, a juice spot in Portland, or a natural supplement store in Minneapolis.
Think about what type of wellness interests you most and see what the local supply and demand are. Once you’re up and running, you’ll have plenty of leeway for expansion and expansion of your small business.
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This one is rather broad, but that’s the beauty of it. Organic products are more popular than ever. And it’s not just organic products that consumers are demanding: cosmetics, skincare, baby products, pet food, wine, to name just a few.
Again, focusing on your sourcing, sustainability and supply chain can give your store instant credibility. Find your niche and start your own small retail business.
What’s better than locally made? Handmade by you, retailer. It’s interesting, easy and inspiring to tell your brand’s story. And most people want to support this type of small business. It’s also easy to partner with other local artists to sell handmade products together. This type of cross-promotion benefits both sellers and will make your buyers happier.
Not only is vintage cool, but reusing an old, but totally cool garment is great practice. Plus, it has to be one of the most fun small businesses to start. Building your inventory is easy and you can do it by shopping at some of the most interesting places.
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Secondhand shops, thrift stores or second hand markets are all easy ways to compete against eCommerce retail. Very few web stores have started selling used goods online.
The art of cooking may have diminished, but Blue Apron certainly hasn’t. The company that sells you boxed food was the fastest growing retailer in 2017. And Blue Apron is just one of many.
Dollar Shave Club began selling complete male grooming kits in 2011 and was recently purchased by retail giant Unilever for nearly $1 billion. Winc (formerly Club W) sells monthly, customizable wine sets. Try The World sells authentic gourmet food selected by chefs from around the world.
The industry is growing at an incredibly fast pace and can be sold online or in brick and mortar stores. It makes shopping easy and exciting. So come up with the next big box subscription idea and get on with it!
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Marijuana is now legal in some form in most states. The industry is flooded with both small players and large businesses, making it a difficult market to enter. It is also difficult to work around the rules and regulations surrounding it. This is not to say that one should not open a cannabis shop; This can be remarkably attractive. But for the sake of this article, it’s better to focus on retail that is tangential to cannabis.
The growing interest and use of cannabis is impossible to ignore, and opens doors for new glass stores, QSRs, vape shops, apparel retail and even art shops or studios. You have tons of options and a vast, largely untapped market to open a small business with.
Finally, what about following the now famous example of TOMS shoes and donating something with every purchase. People will pay more for these types of products, so your margins won’t suffer either. This goes hand in hand with the sustainability movement and is a great way to build some positive press around your brand before you even open. You can donate the product you’re selling (like TOMS does) or you can make it something completely different. What a great way to start a small business.
Of course they are! Very. But it’s a good place to start. If you are thinking of opening a small business or have just started one and are in need of a great small business POS system, then look no further than Corona. Click on the links below to see some of our best selling features and sign up for a free demo!
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