14 Profitable Business Ideas in Australia

Australia is a beautiful place to start a business venture. An investor needs to consider a few things before launching the enterprise. It is important having an object, prerequisite skill and education.

Register the business, write a business plan and define the business objective. Other considerations are tax liabilities, web registration, acquiring a business name or trademark.

14 Business Ideas in Australia

•         Babysitter

•         Affiliate marketing

•         Virtual office

•         Airport Shuttle

•         Pet photography

•         Staffing agency

•         Graphic designer

•         Recycle business

•         Greeting card business

•         Interior design

•         Homemade cookies

•         Rental business

•         Used book sales

•         Staffing agency

1.Babysitting

Babysitters are in high demand and require element of trust. The business requires low startup, good interpersonal skill and patience.

2. Affiliate Marketing

Affiliate marketing is a popular way to earn income. However making a sale online is slightly challenging.

3. Airport Shuttle

Operating an airport shuttle is very lucrative. The operator needs to register with the regulatory bodies and acquire a license. The person needs a good vehicle for the operation.

4. Virtual Office

Virtual office refers to owning a business address that exists only on the web. This is low cost, technologically based with many advantages.

5. Used Book Sales

There are many websites that buy/sell used books. It is possible to sell used book both online and offline.

6. Staffing Agency

Running a staffing agency is highly profitable. Providing a platform for Australian seeking employment is very profitable. The agency can leverage networking, job placement opportunities to provide good value for members.

7. Pet Photography

Pet lovers spend huge amount grooming, feeding and health related issues. They are willing to pay for professional photographs of the pets.

8. Rental Business

The rental industry is huge and highly profitable. Once the inventory is acquired recurrent cost are usually storage and logistic based.

9. Recycling Business

The amount of junk with commercial value is on the increase. Recycling offer a good opportunity to turn junk into wealth.

10. Graphic Designer

There is a huge market for graphic designers. You can offer the service through many freelance website or blogs.

11. Sell Homemade Cookies

Sell your cookies to your local community. Make sure the cookies are tasty, good quality and appropriately priced.

12. Mobile Pet Zoo

The pets in a mobile zoo are generally pets. You can stock the zoo with birds, cats, dogs, rodents and pet snacks.

13. Interior Designer

To run an interior design company you need appropriate skill. Promote the business through print, television advertisement and newspaper publications.

14. Greeting Card Business

Greeting card business is low cost, requires creative skill. The business is practicable online or off.

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How to get Exide Battery Dealership

Lead acid batteries are referred to as Exide. The batteries are common in automobile, generating sets and industrial applications.

Two major players in Exide battery manufacture are Exide Technology and Exide Industries. Exide Industries is an Indian based company while Exide Technology is an American company.

The business is slightly challenging and capital intensive. However there is a huge market for battery products.

Exide distributorship business is lucrative and operators earn huge income. To start a distributorship business you are required to have a partnership agreement, large storage facility, heavy-duty vehicle and company registration.

Markets that use Exide products

Exide battery products are popular in the transportation industry. Common markets include hybrid vehicles, rail transportation, forklift trucks, automobiles, commercial vehicles and heavy duty trucks.

Other markets for the product are power generating plants, solar storage units, electric utilities and telecommunication systems.

Batteries have been developed for tropical conditions and European climates. More development includes submarine batteries, motorbike, poly-ethylene separators, golf carts and valve regulated lead acid batteries.

Electric vehicles also use high energy density batteries.

Exide Battery Markets

• Rail transportation
• Forklift trucks
• Commercial vehicles
• Automobiles
• Heavy duty trucks
• Farming equipment
• Power generating equipment
• Solar units
• Telecommunication system
• Motorcycles
• Submarines
• Golf carts
• Electric vehicles
• Power stations

Brands of Exide Batteries

There are many brands of Exide batteries for distributors. Some of the popular ones are Boss, Champion, Little Champ and Conrex.

Others are Jupiter, SF Sonic, Dynex, Index and Chloride. A distributor should focus on popular brands in your locality. This is because customers prefer products with history of performance.

Brands of Exide Batteries

• Boss
• Champion
• Little Champ
• Conrex
• Jupiter
• SF Sonic
• Dynex
• Index
• Chloride

Things to Consider Before Buying a Battery

There are a few things to consider before choosing a battery. Study the batteries design and plastic components.

Determine the type of rubber components such as hard or soft rubber. The manufacturer should include manufactured date, expiration date, battery test and quality assurance.

How to get Exide battery Dealership

Exide battery supplier’s main product is the lead-acid batteries. The batteries are used for transport applications and automobile sector. You can secure a dealership deal by approaching a manufacturer or larger supplier in your country or abroad.

Find companies that offer extensive support for partners to enable success of your enterprise. To become an Exide accredited dealer complete an account application or phone the company directly.

If there is a local representative of the brand of Exide battery you prefer they will arrange a meeting. Alternately find a new brand not represented in your country and talk to the manufacturers. The challenge with this arrangement is securing the sole distributorship rights.

Write a Business Plan

Write an Exide Battery distributorship business plan. The plan should focus on securing distributorship deals with manufacturers or subsidiaries.

Determine the model of battery and product branding. Large Exide manufacturers have already spent huge amounts on product branding so marketing concerns should be geared toward end users.

Your business plan should include business structure, funding sources, management team, future goals, and profit/loss.

Carry out a Feasibility Study

The feasibility study should focus on competitors and popular brands in your area. What are your competitors doing and which brand of Exide do they prefer.

This would provide a template on how to proceed. You need a good location close to your target customers.

Funding

Battery distributorship business is capital intensive. This is because of the huge amount spent on procuring the batteries.

You also need a store front and ample storage facility. Other requirements are heavy duty vehicle to move the merchandize.

Approach any commercial bank in your area and secure bank loans. You are required to provide collateral, business plan and some capital. Other ways to source funds are through partnership, target savings or private investors.

Locating the Business

Locate your distributorship business close to your target market. Your target markets include automobile transport companies and government armed forces.

Make sure you rent a lager store capable of accommodating your stock. The store should have an administrative building and storage facility. The store should be easily accessible to vehicles and visible to general public.

Registration

There are some environmental issues for battery storage. Find out the state or governments requirements in your area.

You need permit to store battery and a good waste disposal strategy. Register the business as a limited liability company and get liability insurance.

You need a tax identification number and value added tax for sales. To sell or distribute the products you need a trade license. There are some fire safety protocols associated too battery business.

Marketing

Most top brands provide adequate marketing support for distributors. Battery distributors only need to attract local markets and secure contracts.

Use traditional advertisement such as flyers, billboards, business cards and sign boards to attract patronage.

Build a Website

Building a website is a good ideal and a sales outlet that never sleeps. Add all your products services and prices for customers to see.

Offer shipment discounts for mass purchases. Find automobile forums, auto websites and introduce your company.
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How to Start an Electronic Store in Nigeria

The electronic store is an important business and size depends on the amount invested. The inventory differs based on the store owner’s preferences.

A small store could cost N250, 000, while mid range ventures N1.5 million. Large stores with lots of inventory could cost over N10 M naira.

The first step is to write a comprehensive business plan, carry out a feasibility study. Then learn the trade and secure credible suppliers. You need a good location, aggressive sales personnel, and stock quality products.

Starting an Electronic Store

Types of Electronics

You have a huge selection of electronics to consider. Common household electronics found in stores are washing machines, television sets, radios. More are standing fans, electric cooker, bulbs, freezer, and refrigerators.

• washing machines
• television sets
• radios
• standing fans
• electric cooker
• bulbs
• freezer
• refrigerators

Carry out a Feasibility Study

You need to carry out a feasibility study and write an electronic store business plan. The study should focus on your business structure, funding, location, competitors.

Electronic business is very competitive with many players. To differentiate yourself you need to offer better prices, use effective marketing strategy. The product should be a popular brand.

Learn the Trade

You can’t venture into a business without learning the rudiments. You can leverage on partnership, become an intern or apprentice. Another way is to hire someone with a good knowledge of the industry.

The learning curve involves how to calculate retail prices, finding good suppliers, knowledge of the devices. Attend a seminar to gain knowledge and consult with experts in the trade. You can network with sales representatives of large store and manufacturers.

• leverage on partnership
• become an intern
• apprentice
• hire someone in the industry
• attend a seminar
• network with sales representatives

Narrow the Field

It is important you narrow the type of electronics you intend selling. You need to specialize in a niche to offer good service.

This also provides opportunity for competitive pricing, branding, and profitability. Focus on the type of electronic you have a deep knowledge. They could be house hold appliances or heavy duty equipment.

The store could stock only one type of item or different items. Offering different electronic devices could provide more revenue streams. While specializing in one item would attract conversions and sales.

Find an Ideal Location

One very important aspect of the business is finding a good location. You find electronic store within residential or commercial areas.

Stores in commercial areas face serious competition. However the huge market guarantees good revenue.

An ideal location should have huge human traffic or close to pedestrian pathways. Densely populated areas offer good business prospects for electronic store owners.

Licensing

The basic license you need is a trade license. You can register the business as a limited liability company. You need tax identification number, insurance cover for your goods.

There are some areas that demand membership of certain associations. Some areas also attract local government levies for shop owners. Finally some of your good may be subjected to value added tax.

• a trade license
• register as a limited liability company
• tax identification number
• insurance cover
• join an associations
• local government levies
• value added tax

Supplies

You need to purchase your goods from wholesalers or manufacturers. This is important to offer your customers competitive prices.

Many electronic dealers purchase the goods from China because they are cheaper than European products. However products from America and Europe are of better quality.

Personnel

It is important you hire aggressive sales personnel. They should be courteous and understand the devices they sell.  A small store can have a sales person, cashier and driver. You need to offer your patrons good customer service.

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Top 20 Lucrative Business Ideas in Nigeria

There are many small businesses that you can start with little capital. They are easy and require no permits or licensing. Before starting any business you need to learn the trade, secure funding and supplies. Other considerations are staffing, location, utilities and marketing.

Profitable Businesses to Start with Little Cash

1. Egg Supply Business

You can start an egg supply business relatively easily. You don’t need huge capital and the business is practicable part time or full time.

The business can be done alongside your regular work. You don’t need permit or license to sell eggs.

To start find a poultry farm in your area. Then contact grocery/provision store owners in your locality. The only challenge is transportation and storage. If you have funds you can rent a shop or sell directly to consumers, restaurant owners and fast food outlets

2. Start a Plantain Farm

Plantain farming requires landed space and good soil composition. They take time to grow but produce new sprouts once the parent plant is harvested. Plantain is easy to sell, in high demand and attracts good price in the open market.

3. Start a Poultry Farm

You can start a poultry farm at your backyard. All you need to do is determine the type of poultry farming you prefer. You could farm poultry for meat or egg production.

You need cages and a secure location. The major challenge is feeding, clearing of waste and medication. You might need the assistance of a vet for healthier birds.

4. Snail Farming

Snail farming does not require lots of space. They are very quiet animals and grow fast in ideal conditions.

The best type of snail to grow is the large African snail. The feeding is also simple and does not require much money. The advantage of snail farming is the practicability and premium price it attracts.

5. Become a Blogger

Blogging is slightly challenging because it takes several years to earn decent income. To start a blog you need a host provider and domain name.

Focus on a niche and post quality articles. You can monetize the blog with affiliate programs, web adverts or sell a product or service.

6. Social Media Business

Some people make use of social media to earn a good living. The top networks used by Nigerians are Facebook and Instagram.

You can upload comedy sketches, post interesting images and comments. The more engaging your social page the more followers you get. 

Leverage on your talent to get jobs offline such as standup comedy, advertisement or photo opportunities. You can also sell a product or service from your social media page.

7. Start a Fish Farm

You don’t need much space to start a fish farm. All you need is an above ground pond, fingerlings, and water source, fish food. There are different types of ponds such as block ponds, plastic ponds and dugout ponds.

8. Start a Catfish Smoking Business

A simple business to consider is catfish smoking business. The business is lucrative and easy to execute. You need a good smoker and purchase fish products from nearby farmers. Sell your products to market women and neighbors.

9. Open a Restaurant

To run a good restaurant you need to work hard work and remain focus. You need moderate funds to rent a shop, add furniture. Other provisions are purchase of kitchen equipment, raw material. The quality of your food, location and cost would determine your success or failure.

10. Sell Fast Food

Earn extra income by selling snacks commercially. You can make egg rolls, meat pie, buns, and chin-chin. Make sure you find a good location close to a school or busy street.

11. Motorcycle Transport Business

Many people don’t realize how much money Okada transporters make a day. There are a few ways to enter the bike business. You can use hire purchase, ride the bike your self or get a rider. Many Okada riders make more than N6, 000 naira daily.

12. Start a Car Wash

To start a car wash you need to secure a popular location. The car wash should be in an area with heavy vehicular traffic. The tools you need are basic, however you need a good source of water. Professional car wash businesses make good money offering their service.

13. Start a Dry Cleaning Center

To run a dry cleaning outfit you need a washing machine, pressing iron and nylon bags. You also need a secure location to dry the cloths. Make sure you find a good location and dependable staff.

14. Open a Grocery Store

Everywhere you look there is a grocery store. This is because the business format is simple and straightforward. Rent a shop, get supplies and start the business as simple as A, B, C.

15. Transport Business

The only way to get into the transport business is by owning a bus or car. There are many options available to a car owner. You can paint the car taxi and join a taxi park in your area or become an Uber cab driver.

16. Become a Hairdresser

There are many hairdressers in my locality.  This is because the business requires very basic skills and equipment. To succeed offer quality service and good customer relations and argument your income by sell hair care products to your customers.

17. Sell Used Cloths

The used cloths business has many advantages. You can make thrice your investment easily. The only challenge is finding customers for your cloths. The used cloths seller, buy them in bales and sells retail.

18. Roasting Business

There is a huge selection of things to roast. You can roast corn, yam or plantain. You can add potatoes, boiled the yam and roasted fish.

Choose the one that appeals to you and purchase a locally fabricated grill. You can start the business with less than N10, 000 naira.

19. Public Toilet Business

Operating a public toilet might seem nasty but very profitable. You have very little overhead except occasional maintenance. A public toilet in a good location can fetch N5000+ naira daily.

20. Suya Business  

Although Suya meat roasting is predominantly done by northerners you can start your own business. Make sure your Suya is nice and tasty. You need to find a deal spot to get good patronage. Startup is very small and you don’t need a permit or license.

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10 Steps to Starting a Small Business in Nigeria

Small businesses account for 65% of all business types in Nigeria. They are a major employer of labor and add significant amount to the GDP of the country.

The reasons for the popularity are not far fetched. Small businesses provide financial independence, growth possibility and self investment opportunities.

They are a good career choice irrespective of the industry. Investing in your education, talent, experience and passion is always a good idea.

However, setting up a successful business is challenging and capital intensive. Statistics show that 45% of all new businesses fail in their first two years.

So if you are interested in starting something viable you need adequate preparation, planning, finance and a business plan. To start the enterprise you can follow specific steps for a solid foundation. Here re 10 steps to consider while starting a new business.

How to Start a New Business

1. Research

Make sure you conduct a comprehensive research of the industry. You need to identify business and study its viability.

Not every business is suited for certain demography and population. To succeed the business of choice should solve a problem and fill a void. 

Ways to conduct a research include surveys, focus groups and questioners. You can study people in the industry to see what they are doing. Things to consider are the market base need for the product, competition and similar products or services.

2. Make a Business Plan

A Business plan is a way to define your business template and strategy. It focuses on product, profitability and future goals. The plan is also ideal for financial assistance and clarity of purpose. You can write the plan yourself, hire n expert or use available templates.

3. Finances

The level of finance is the most important aspect of starting a new business. You need initial startup capital, working capital and fixed assets.

The capital should cover expenses until the business is profitable. You need a good spreadsheet to cover startup costs, inventory and branding.

Other requirements are marketing, insurance cover, property lease, legal fees and equipment. The amount should cover staff salaries, supplies and transportation cost for a minimum of 1 year.

Ways to fund the business are through angel investors, partnership or small business grants. More ways include small business loans, crowd funding or borrow from friends and family. You could also bootstrap and target-save to achieve your goal.

4. The Business Structure

You need to choose a business structure. The structure is your business identity and operational focus. While choosing the structure, focus on the core product, liability issues and management team.

 5. Register a Business Name

You need to choose a business name and incorporate the enterprise. Register the business as a sole proprietor or limited liability company.

You may also consider selling startup equity, partnership or a core investor. Don’t forget to register a trademark for effective branding or business identity.

6. Secure License or Permit

It is important you get an operational license or permit. Most industries have regulatory bodies in the local, state and federal level.

Find out from your local authorities any license pertaining to your business. There are also associations in most industries. You might be required to join the association in your locality.

7. Business Location

The business location is very important. If you are selling a product or service closeness to your customer base is important.

Find out your customers preferences and location. A home business needs communication through internet, phone or fax.

8. Hire Qualified Staff

Employ only people qualified for the post. They will bring their experience, knowledge and work ethics.

You need different ideas to grow and nature your business. Therefore hire only professionals suitable for the job.

You could also outsource some service and hire independent contractors or freelancers. Many small businesses are one man shows. However success and growth demand more the workforce.

9. Choose an Accounting System

You need to balance the books to determine profit or loss. You need a good accounting system to properly manage your budget. The system is ideal for taxes, file management, rate differentials and documentation. You can do the accounting yourself or hire an accountant.

10. Promote the Business

Business promotion is another important aspect for growth. You need to estimate marketing budget and offer quality product or service. Create a marketing plan and use the web, print and electronic adverts. The type of business would depend on your advert needs. 

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10 Flee Market Business Ideas

Many small business owners have found success in flee markets. The types of items they sell depend on their interest and market base. 

To start the business you need to focus on a niche and determine your stock. The next step is to write a business plan and conduct a survey. The survey would provide an insight to what customers are willing to buy.  Before you lease space and commit funds here are 10 flee market business ideas

10 Flee Market Business Opportunities

1. Sell Pet Accessories

The pet industry is huge and very lucrative. A flee market sales person can focus on selling pet supplies. You could sell dog and cat accessories like collars, toys and grooming equipment. You can stock pet food, healthcare products, grooming tools and books.

2. Sell Used Electronics

A good business to consider is selling new or used electronics. Used electronics are easy to source and stock.

People selling such products are eager to get rid of them at ¼ of the retail price. This guarantees a reasonable margin to make over 100% on each item. Common electronics to consider are iphones, iPad, smartphone’s, television sets and laptops.

3. Used Cloths

There is a steady market for used cloths. Make sure the cloths are good quality and trending. Some people prefer buying such apparels because they are cost saving.

You could focus on a gender or offer cloths to both sexes. There are many ways to get used cloths such as buy from wholesalers or order from bulk companies.

4. Art and Craft

A popular item you find in flee markets is art and craft. They attract reasonable prices and are hunting grounds for art collectors. You can sell both contemporary and old art. The craft could be local to your geographical area or foreign.

5. Sell Kitchen Ware

Another popular item is kitchen ware and breakables. Many flee market sales persons sell tea cups, mugs, plates, pots and knives. They sell tablecloths, pans, kettles and cooking stoves.

6. Sell Costume Jewelry

Another good business is selling costume jewelry. Many shopper look out for costume jewelry at flee markets. You can purchase in bulk or buy individual pieces depending on your business strategy. You can design your own jewelry or stock trending styles.

7. Sell Fresh Farm Produce

If you have a small home based farm you can sell your farm produce. Make sure they are fresh and quality produce. Sell vegetables, fruits, eggs or even livestock depending on the venue.

8. Offer Temporary Tattoos

Tattoos are in vogue and many people love them. Not everyone wants a permanent tattoo so offering temporary ones is fun.

The children and adults would love them especially if they are creative and colorful.  Temporary tattoos are pain less, easy to achieve and should fade once washed.

You will also get lots of repeat customers and referral. Temps are good for children parties and such leisure activities.

9. Used Books

You can sell used books and video games. Make sure the books are historical, romance novels, thrillers or fun children books.

You need to give careful consideration to the types of books you sell to make any sale. Add video games and other interesting stuff to increase revenue.

10. Odds and Ends

You don’t even have to follow any particular strategy. You can sell odds and ends items you find interesting. This could attract huge patronage because your store would have something of interest to each buyer. A stock art works furniture, household implements, tools and electronics.

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How to Find Private Label Products to Sell on Amazon

To sell successfully on Amazon and find profitable products you need a good strategy. To sell succeed you need to understand Amazon private label basics.

There are three ways people source and sell on Amazon. They my source their products from foreign countries like China, use retail arbitrage techniques or produce the product themselves.

What is Retail Arbitrage?

Retail arbitrage is process whereby people find under priced items in stores and resell on sites like Amazon. This technique is not covered in the strategy we wish to explain. However many business people have found success using this technique.

Sourcing Product from Foreign Countries

To build a solid business you need to source products from foreign countries. The top destination today is China because of their cheap goods.

You need to find products that are cheap and private label. You then sell the product on Amazon. Many eCommerce websites use this technique to build six figure companies.

Your basic process of Amazon FBA is finding supplier and branding the product. The next step is shipping to `Amazon Warehouse and selling the product. The value chain is finding supplier in China, ship product and sell.

How to Select a Product

The products you choose will make or break the business. This is because product choice is the most important aspect of the business.

 The product should be profitable, high quality and have a good price. Requirements for finding profitable items are lightweight, no brand name within a nice category.

The weight requirement should be less than 3 pounds and the item should be durable. Look for items with average product price $10 to $50.

Look for similar products that have high seller rank in main category. Find products with less than 30 reviews, 25% less sales price and products with keywords searched over 150,000.

Make sure the product is easily sourced especially from China. Look for products that encourage recurrent sales, multiple product keywords and ability to expand brand name. A good product also has year round demand.

• Profitable
• high quality
• have a good price
• lightweight price
• no brand name
• similar products that have high seller rank
• products with less than 30 reviews
• products with keywords searched over 150,000
• easily sourced products
• product that encourage recurrent sales
• multiple product keywords
• ability to expand brand name
• year round demand

 Lightweight Products

The reason you buy lightweight products is shipping cost. Make sure the item is less than 5 pounds and verify from supplier. Amazon charges per pound with an extra charge of $0.39 for every pound above 2 pounds.

Product Pricing

The average product price you choose should not range $10 - $45. You could order the product in bulk from China at $5 per product and sell for $40.

The cheaper the product the higher your profit margin and the lower your bulk purchase order. Another reason cheaper products are better is because they a perfect for impulse purchases. Make sure the item can be produced with 23% less sales.

Best Seller Ranking

The best seller rank shows products that attract huge sales. If you can find a similar product with lower prices you stand a chance to make profit.

You can also look for product with no brand name within product category. This strategy is good because you eliminate the competition and add your own branded product. People prefer buying branded products better than unbranded products.

Find a Durable Item

You don’t want to ship items that crack or break. Find a durable and rugged item that is lightweight and easily sourced from China. Good items are simple, no electronic parts or moving parts.

Find Products with Less than 50 Reviews

You need to eliminate the competition and dominate your category. Products with less than 50 reviews are easy to dominate. Find products with less than 4 for each category.

How to Optimize Your Product

To optimize your product you need to provide as much relevant information. Be descriptive, use good bullet points and sell quality items. Don’t forget selling quality products and add multiple product images.

• Be descriptive
• use good bullet points
• sell quality items
• sell quality products
• multiple product images

Buy from China

You can find quality products in China. Go to websites like Alibaba and discover many merchants. Find top 3 product keywords that have over 100,000 searches on google.

Make sure the product sell year round with an ability to expand brand identity. It is important that the product you choose has recurrent sales. 
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