Many people think that in order to have an extremely successful business you must live in a big city where there is a dense population. However, some of the most successful businesses thrive in the supply and demand atmosphere of a smaller location.
If you are the only place in town that sells water, and everyone needs water, you’re going to get all of the business! Another factor to consider when choosing your business for a small town is the overhead vs. profit.
A million dollar business idea is one whose costs are low to reasonable in relation to the amount of money that you are going to make in return. Take a look at some of the best ideas for a small town environment that combine low overhead with big profit.
A Hair Salon
Opening up a hair salon is a great opportunity to bring in a lot of clients. Often hair salons will offer products and services to clients by a trained hairdresser breaking up the cost of services and products with the hairdressers themselves.
No matter what kind of economic environment is going on at the time, or season, people will always need to get a haircut.
The cost of products is relatively low assuming you only provide basic services. So think of a hair salon as a great choice for making a lot of money with a lower overhead.
A Coffee Stand
At wholesale coffee is purchased on average at about $1.75 a pound whereas the consumers are paying $9 to $12 a pound. The product is such a low price and at the increased amount provided to customers, it’s the ultimate opportunity to make some big money for not having spent that much on the product.
A coffee stand provides commuters an opportunity to get their morning perk without having to get out of their car slowing them down from their way to work.
Alternatively, it gives those coming home from work a stop for a quick pick me up after a long and tiring day.
A Laundromat
A laundromat doesn’t require staff, and the charges for your machines can pay for the cost of machines within the first few months.
The utility fees are much lower than the amounts coming in for the charge of the machine use. So when you factor in location rent and utilities being your own main business expenses, you’re looking at a lot of profit.
An Ice Cream Shop
There is nothing better than an ice cream shop in the hot summer. Everyone of all ages loves a nice cold ice cream cone on a hot day.
Much like a coffee shop, the cost of your product vs what you sell it to the consumer for is as much as 500%.
Originally posted on December 17, 2016 @ 1:21 pm