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Are you an Australian looking for Successful, Profitable small business ideas in Australia to implement? <br>Then you are in the right place.<br>Now before I take you through the list of well-researched successful small business ideas, here is what you must know u2013 small businesses are the backbone of the Australian economy.<br>Almost 99% of businesses in Australia are considered small or medium businesses, meaning you are not alone.
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Blogs ▾ How to ‘Guides’ ▾ Home Resources Free Entrepreneurship Course Get in Touch ▾ 10MostProfitableSmall 10MostProfitableSmall BusinessIdeasin BusinessIdeasin Australia Australia AreyouanAustralianlookingforSuccessful, ProfitablesmallbusinessideasinAustraliato TableofContent implement? Thenyouareintherightplace. 1. CleaningBusiness RestaurantandFood takeawayBusiness NowbeforeItakeyouthroughthelistofwell-researchedsuccessfulsmallbusinessideas, 2. hereiswhatyoumustknow – smallbusinessesarethebackboneoftheAustralian Art, Entertainment, andRecreation 3. economy. 4. Freelancing Almost99% ofbusinessesinAustraliaareconsideredsmallormediumbusinesses, PersonalFitness meaningyouarenotalone. 5. Training Asamatteroffact, bybecomingasmallbusinessowner – youwillbeapartofthe 6. RealEstateAgency AustraliansmallbusinesscommunitythatcontributesimmenselytotheAustralian 7. Manufacturing economy. WasteManagement 8. Service Quotingfromanarticleon NAB, ‘Smalltomediumbusinessesarethebackboneofthe 9. OnlineRetailing Australianeconomy, creatingaround7millionjobs, contributingto57% ofAustralia’sGDP andcementingourreputationasanationofentrepreneurs.’ Everytimeweseeanentrepreneurinthemaking, wewanttoprovideallthenecessary resources, tohelp entrepreneurswithrisktaking andbuildingbetterventures. ThisblogisaneffortfromustofacilitatethejourneyofeveryAustralianwhowantstostarta smallbusiness. HereisthelistofthemostprofitableSmallBusinessAustralianideasforyou: CleaningBusiness
TherehasneverbeenabettertimeforacleaningbusinessthantheCOVID-times.TherehasneverbeenabettertimeforacleaningbusinessthantheCOVID-times. Withemployeesbeingcalledbacktotheoffice, cleanlinessisatthetopofthelistofevery Organisation. Anyyoucan’tblamethem. Withtherisingawarenessabouttheimportanceofhygieneintheworkplace, companies aretakingextrastepstomeetthecleaningdemands. EveryOrganisationwantstoensurethespreadofCOVID-19remainsincheck. Cleaningservicescanbeatresidential, industrial, andcommerciallevels. Theservicesincludecleaningupholstery, floors, steamcleaning, sandblastingexteriorsof buildings, windows, carpets, andanythingthatrequirescleaning. Beforewelistthecleaningindustry’sgrowthasasmallbusinessidea, letustakeyou throughsomeimpressiveglobalnumbersaroundthecleaningindustry (worldwide). In2020, theglobalcleaningservicesmarketsizewas $55,715.0million, projectedtoreach $111.498.8millionby2030. ThatmeansaCAGRof6.5% between2021and2030. Therevenuepeopleintohouseholdcleaninghavealreadyreachedinthenewlyushered-in 2022isUSD444million. Thismarketisprojectedtoincreaseby4.22% everyyear (CAGR 2022-2026). (Source: Statista) Thecleaningindustrymarketsizeis $12billioninAustralia, with35,248businesses registeredascleaningbusinesses. Theindustryemploysaround157,500professionals. Anditisasmallbusinesswhereprofitmarginsareprettygood. Asper thewebsite, thecleaningbusinessboss, itisabusinesswheretheprofitmarginsare between10% to28%. Now, that’sanimpressiveenviableprofitmarginforanysmallbusiness. Wethinkthecleaningbusinessisagoodideatokickstartyourentrepreneurialjourneyas asmallbusinessowner (providedyoudoyourresearchproperly). Wheretolookforcleaninggigsforasmallbusinessin Australia? Someofthewebsitesthatcanhelpyougetstartedinthecleaningbusinessinclude – Airtasker, GumTree, andHiPages. Ifyousetupyourcleaningbusinessandengageincontractualagreementswith individualsandcompanies, youaresureofgrowthinthisbusiness. Beforeyoustartthebusiness, wealsorecommendinvestinginaCRMSolutionforaSmall Businessthatcanhelpyoumanageyourclientsbetter. RestaurantandFoodtakeawayBusiness
ThelasttwoyearshavebeenroughfortheF & Bindustry. However, withthestatesopeningrestrictionsandallowingtherestaurantstooperate (thoughunderalimitedcapacity), theF & Bindustryhasstartedgettingbacktonormal. Thatiswhytherestaurantandfoodtakeawaysbusinessismentionedinthesecondplacein thesmallbusinessAustralianideaslist. Itisasmallbusinessindustrythatnevergoesoutofseasonandincludes – restaurants, cafes, pubs, takeaways, bars, oranyavenueyoucanusetosellmeals, beverages, andsnacks. ThestatisticsthatprovethegrowthoftheRestaurantandtakeawaybusinessare: – AccordingtoStatista, thefoodserviceindustrycontributeshugelytotheAustralian economy. Turnoverofrestaurants, cafes, andtakeawaysamountstoAUD$39.75billion. The profitfigureforfoodandaccommodationisatAUD$4.58billion. (Source: Statista) – Thefoodandaccommodationandfoodservicesemploy817,500personsapproximately, whichamountsto6.2percentofthewholeworkforce. (Source: AustralianGovernment LabourMarketInformationPortal) – DuringCOVID19, RestaurantsandCafesjumpedonthetakeawayanddelivery bandwagon. Therebyleadingtoanincreaseof19.1% inthemealdeliveryserviceoronline foodorderingservice. (source : RoyMorgon). AslongasyoucanmaintainhealthandsafetyregulationsinAustralia, thisindustryisknown toyielddecentreturns. However, beforeyoustart – someoftheregulationsyouneedtotakecareofinclude: preventionofburnsfromsteam, surfaces, orhotliquids, quickresponsetobullyinginthe workplace, noisemanagement, electricalsafety, amongothers. (Source: Australian GovernmentBusiness) Also, likemanyotherbusinesses, youareexpectedtopayyourGST (GoodsandServicesTax) of10% ontheservices, goods, andotheritemsyousellinAustralia. Thistaxwillhavetocome fromyourcustomersmostofthetime. (Source: AustralianGovernment) Asanentrepreneur, Iwouldputmymoneyonasmallfoodbusinessthatworksonahybrid takeawaymodelandasmallrestaurantwithin-checkoperationscosts. HowtofindcustomersinRestaurantandTakeaway Business? Tobefoundasalocalbusiness, googlelocallistingisagoodstartingpoint. Next, createandupdateyourlocalgooglelistingtoshowinthelistofrestaurantsinyour area. Otherlistingwebsitesinclude – ZomatoandYelp. IntermsofgrowingyourBusinessusingfooddelivery, werecommendregisteringonany fooddeliveryappslikeUber, MenuLog, orDoorDash.
Beforewemovetothenextnameonthelist, itisalsoworthmentioningthatyoucan take FranchiseofaBusinesslikeMcdonald’s, orHudsonCoffeetoquicklystartabusiness. Art, Entertainment, andRecreation AspertheAustralianGovernment, theartsandrecreationservicesindustryincludes – exhibits, events, andliveperformancesfrommusicians, artists, performers, writers, and venueoperators. Italsoincludesrecreationalandsportingactivitieslikesportsclubsandvenues, horse racing, amusementparks, gyms, museums, botanicalgardens, naturereserves, zoos, and gamblingactivities. (Source: AustralianGovernmentBusiness) Revenueinthisindustryhasgrownby0.5percentonanaverageyearlybasisbetween2015 and2020. Mostimportantly, Itisthe4thfastestsectorforbusinessgrowthinAustraliato $39.3billion. Thenumberofbusinessesinthissectorhasgrownby2.6percentsince2015, to16,257. Australia’sartsandrecreationservicesindustrywillhave $7.8billionin2020, ranking11thin thesectorswiththehighestaveragewageinAustraliain2020. (Source: IBISWorld) AccordingtoStatista, theartsandrecreationservicesindustryinAustraliagrossedatotal ofAUD$13.8billionfrom2011to2020. (Source: Statista) AgainwithCOVID-19restrictionseasingandeveryonewantingtogooutandenjoylife outsidethehome, startingasmallbusinessinArt, EntertainmentandRecreationisan excellentsmallbusinessidea. YoucanstartasmallbusinessinAustralia’sartsandrecreationservicesindustryandmake itafull-timeorpart-timebusiness. Youcanalsochoosetobecomeanapprenticeandaccessgovernmentfinancialhelpand support. (Source: AustralianApprenticeships) HowtofindcustomersintheArt, Entertainment, and RecreationBusiness? Thoughthesectorisquitebroad, specificwebsitescanhelpyouregisteryoureventsinthis space. Someoftheprominentonesare – ArtsCentre, UpfrontEvents, andthealwaysreliable googleeventsthatareapartofthegooglelisting. Youcanleveragetheeventfeaturetoupdatethegooglelistingfromtimetotimeto
ensureyoureventshowsonthefrontpage. Freelancing Thereisnothingasliberatingasworkingasafreelancer. Itisthesteppingstonetobecomingindependentandeventuallyturningintoanexcellent smallbusiness. Well! That’showIstartedmyentrepreneurialjourney :). Asafreelancer, yougettoworkwheneveryouwantandwhereveryouare – alongwiththe flexibilitytodecidetheprojectsandclientsyouwanttopickup. Statisticsrevealthatfreelanceworkersareusuallymoreproductiveandhappier. Theymay evenearnmorethanwhatisobtainableintraditionaljobs. TheCovid-19pandemicrevealedhowcompaniesandindividualscouldbenefitfrom freelancing. Manyprofessionalswholosttheirtraditionaljobsturnedtofreelanceandexperiencedfirst- handwhatitfeltlikeworkingfromhome. TalentAlpharevealedthevitalrolefreelancersplayincoveringthegapinthetechtalent sectorglobally. Accordingtotheiranalysis, majoreconomieswillrequiremorehandsin technicalexpertiseby2030. Australiaalonewillneedatleast200,000techexperts. AccordingtoUpwork, apopularfreelancingwebsite, therehasbeenasignificantincreasein remotefreelancers’ requests. Therehasalsobeenanincreaseintheconfidencelevelofbusinesseshiringfreelancersfor theircompanies. (Source: Upwork) Acommittedfreelancercanearnveryjuicyhourlyratesforthegigstheyoffer. Additionally, theyalsogettoleadamoresatisfyinglifestylewhencomparedtotheircontemporariesin thetraditionalfield. (Source: Payoneer) Theyearlyincomeoffreelancerscanbeashighas $75,000ormoreyearly. Itcanbea reliablesourceofincomeandaverysatisfyingone. (Source: LinkedIn) Freelancing, likeeveryotherthing, isnotforeveryone. But, ifyouhaveaskillthatyoucanhireoutonline, youmightwanttoconsiderthisviable smallbusinessidea. HowtoFindFreelancingGigs? Some prominent websites that can help you find freelancing gigs are Upwork Freelancer
SomeprominentwebsitesthatcanhelpyoufindfreelancinggigsareUpwork, Freelancer, Peopleperhour, Airtasker, and99designs. PersonalFitnessTraining Anotherprofitablesmallbusinessideaisthepersonalfitnesstrainingindustry. InthisSmallBusiness, youcanofferyourservicestosmallgroupsorrunone-on-one programs. Ifyoudonotwanttoworkindependently, youcanworkinfitnessstudios, gyms, and hospitalsasafitnesstrainer. Withtheheightenedawarenessabouttheimportanceofhealthyliving, personalfitness trainingcanbeverylucrative. Thestatstobackmyaboveargumentarebasedonthegrowingawarenessaroundregular exercise. Thisawarenesshasledtoabouttwo-thirdsofAustraliansembracingexercisefornotless than100minuteseverytwoweeks. ThemarketsizeforpersonaltrainersinAustraliais $435million, withanindustry employmentof8,012. Italsohasatotalnumberof8,012businessesinthissector. (Source: IBISWorld) TheAustralianInstituteofHealthandWelfarestatesthatifitsindigenesshouldparticipate inonly30minutesofexercise5timesaweek, itcouldreducephysicalinactivityby26%. Thiswillbringaboutapositiveeffectonwell-beingandgeneralhealth. (Source: Australian Government) ThisrelationshipbetweengoodhealthandphysicalactivityshowswhymanyAustralians requirepersonaltrainers. Andthisissomethingyoucouldturnintoaprofitablebusiness. AccordingtoPayScale, personaltrainerscouldearnupto $66perhourbasedon qualificationsandexperience. Personaltrainerscanincreasetheirsalarybyspecializinginhealthandnutrition, strength andconditioning, rehabilitation, andweightloss. (Source: PayScaleAustralia) Anothergoodthingistheindustryonlyrequireslowerskillsbuthasaverypromisingfuture growth. (Source: AustralianGovernmentJobOutlook) TobecomeafitnessinstructorinAustralia, youneedtoobtainacertificateIIIorIVinfitness. Youcouldalsospecialiseasagyminstructor, aerobicsinstructor, orgeneralphysicalfitness trainer.
Youalsogettodecidehowflexibleyourworkingscheduleshouldbe. HowtoFindPersonalTrainingGigsinAustralia? Ourrecommendationistostartadvertisingyourservicesongooglelocallistings, AirTasker andBark.com. RealEstateAgency Therealestateindustryemploys132,090individualsandhasamarketsizeof $32billion, with atotalnumberof47,986businessesregisteredinit. ThereisnodoubtthatarealestateagencyisathrivingbusinessinAustralia. (Source: IBIS World) Realestateagentsareprofessionalswhopurchase, appraise, rent, manage, orsell commercialandresidentialproperties. Theindustryisnotslowingdownanytimesoon. Asamatteroffact, itisprojectedtoincreaseoverthenextfiveyears. Theexpectedrisein residentialhousingpriceswilladdtotheindustryrevenue. (Source: IBISWorld) Apartfromthetimeswhentherewereeconomicuncertainties, theyearlygrowthofprices ofresidentialhousesinAustraliahasmaintainedasubstantialmarginwithpropertyprices hittinganewhighduringCOVID. (Source: Statista) InlargercitiesinAustralia, youcanexpecttogethigherrates. InSydney, thepricecangoashighasamillionAustraliandollarsagainstPerth’sobtainable. Thisincrementstartedinthelastquarterof2020duetoauctionclearanceratesandnew lendingcommitments. (Source: Statista) It’simportanttostatethatyoucanmanageanypropertyanywhereasarealestateagent. Youcanhelpapropertyownertakecareoftheirhome, becomeamiddleman, andgetpaid forit. Incurrenttimes, ifIweretothinkofstartinganewsmallbusiness, startingarealestate agencyisasmallbusinessideathatIwouldbeinterestedin. HowtoFindRealEstateClients? Nowthat’sabrutalone?. Thoughtheindustryhasalotofpotentials, itisstilloccupiedby5to10bigbusinessnames thatrunonanagencymodelacrossAustralia. i id h di di f i i hi l i i d H I
Havingsaidthat – Iamnotdissuadingyoufromgettingintothislucrativeindustry. Ifwewerestartinginthisindustry, wewouldstartsmallandthinkofwaystodisruptthe industrybysavingbuyersandsellerssomecommissionandprovidingA+ service. TheonlinemediumofadvertisingpropertiesinAustraliaisdominatedbytwomarket players- Realestate.com.auandDomain.com.au. Manufacturing Anotherinterestingsmallbusinessideamentionedinourlistis ‘manufacturing’. Manufacturingincludescreatingormanufacturingproductslikeperfumes, cosmetics, cleaningproducts, toiletries, soaps, pesticides, fertilizer, jewelry, bottledwater, fruitjuice, confectionaries, etc. ThemanufacturingsectorinAustraliahas141industriesthatrangefromcleaning compoundandsoapmanufacturing, shipbuilding, andrepairservicestopharmaceutical productmanufacturing. (Source: IBISWorld) Thelistisexhaustive! IfyouwanttotrysomethingbigwithyourfirstBusiness, manufacturingisasmallbusiness ideathatmightenticeyou. Themanufacturingsectorhasbeenrankednumber12inthecategoryofbusinessesin Australiainthepastfiveyears. (Source: IBISWorld) Themanufacturingindustryalsoplaysasignificantroleinthenation’seconomy. Ithelpsinknowledgeandskill-building. ThecontributionitmakestotheAustralianGDPannuallyisaround $100billion. Thesector alsoemploysabout900,000people. (Source: AustralianGovernment) HowtogetManufacturingClients? Findyourindustry. Lookforyoursalesmodel (B2BorB2C). Getawebsiteandapproachclientsaccordingly. B2Bclientspreferaone-on-oneapproach, anditmightbehardtocomebyusingonline ads. Ontheotherhand, B2Cclientscanbefoundone-commercewebsiteslikeAmazon, eBay, etc
etc. WasteManagementService Wastemanagementserviceisasmallbusinessideathatlinkstoanindustrythatwillsee growthirrespectiveoftheeconomicconditionofanycountry. Plus, thesectorcontributesimmenselytotheeconomyofAustralia. Becausetherewillalwaysbewasteinneedofdisposalorrecycling, thewastemanagement serviceprovidesanexcellentopportunityforanyonelookingtoprofitfromit. Differentindustriesgeneratedifferentkindsofwaste. ThewastefromindustrialandcommercialbusinessesinAustraliawasashighas17.3million tonnesfrom2013t02014. Thisfigurewasprojectedtoreach29milliontonnesby2020. (Source: WasteManagement Report) Before2018, mostrecyclablewastefromAustraliawasshippedtoChina. Chinabannedsuchimportation, causinga “recyclingcrisis” inAustralia. Accordingto SwitzerlandGlobalEnterprise, thewastemanagementmarketinAustraliaisAUD$17billion andisexpectedtogrowatanannualrateof9%. Additionally, thewastemanagementindustryinAustraliahas32,737peopleunderits employment. (Source: AustralianGovernment) In2022, themarketsizeofthesolidwastecollectionservicesindustryinAustraliabyrevenue is $7.4billion. Newhousingestatesarepermanentlybeingerectedandhavewasteissues – creatinga goodmarketforwastemanagementbusiness. Thewastefromhouseholdsisanothersectorthatyoucanthinkofexploringasasmall businessidea, andifyoutakeitastepfurtherandgointorecycling, youaresuretoremain inbusinessforalongtime. HowtoFindClientsinWasteManagementBusiness? WasteManagementisapureB2Bbusiness. Asasmallbusinessowner, youcancreateyouronlinepresenceandthenapproach prospectiveclientsbasedontheirbusinessrequirements. OnlineRetailing
E-commerceoronlineretailingisasmallbusinessideathatnevergoesoutoftrend.E-commerceoronlineretailingisasmallbusinessideathatnevergoesoutoftrend. Whatisthereasonforthegrowingtrend? Therewasatimewhenimagininggettingyourgoodswithouthavingtostepintoaphysical storewasunimaginable. Today, thingshavechanged! Shoppersarecomfortablegoingonlinetosearchforproductsandservicestheyneed, pay forthemonline, andhavethemdeliveredtothem. Withtheadventofonlineretailing, itisimpossibletoimaginelifewithoutitnow. OnlineretailsaleshavegrownexponentiallyinAustralia, especiallysincetheCovid-19 pandemic. Asaresult, manybrick-and-mortarretailoutletshadtoclosetheirdoors. ThisopenedupmoreopportunitiesfortheonlineretailingBusinessandledtoonlineretail salesoccupyingover15percentoftheretailmarketinthelastquarterof2021. (Source: Statista) Considerthis: Thespendingforonlineretailfordomesticproductsin2021isat51.1%. Over5millionhouseholdsshoponline. Themostpopularonlinepurchasecategorygoestohomewareandappliances. (Source: Statista) AccordingtoIBISWorld, themarketsizeofonlineretailinginAustraliais $44billion. It hasatotalof76,324businesseswith80,035peopleunderitsemployment. (Source: IBIS World) Pure-play (onlineonly) retailersandmulti-channel (mixofphysicalandonlinestores) retailersreceivedasignificantboostinJune2021, especiallywiththelockdowninmany partsofAustralia. (Source: AustralianBureauofStatistics) Theonlineshoppingindustryisexpectedtoriseby35.3%, withmorebrick-and-mortar storesgoingonline. However, discretionaryproductslikejewelrymaynotseemuchincreaseinsales. RevenuefortheOnlineShoppingindustryisanticipatedtoriseby35.3% inthecurrentyear duetomorebricks-and-mortarfirmsestablishingonlineoperations. TheCOVID-19pandemicisanticipatedtopositivelyaffectindustryproductsegments, such asgroceriesandhomewares, whilenegativelyaffectingsalesofdiscretionaryproductssuch asjewelry. (Source: IBISWorld) hi i ll i k d f hi i d ll b i
ThisisanexcellenttimetotakeadvantageofthisopportunityandsetupasmallbusinessThisisanexcellenttimetotakeadvantageofthisopportunityandsetupasmallbusiness storeonline. HowtoFindClientsinOnlineRetailing? Internetisyourplayground. Ifwewerestartingasmallbusinessasanonlineretailer, we woulduseexistinge-commercemarketplaceslikeAmazonandeBaytoadvertiseour products. Inparallel, wewouldusedigitalmarketingtopromotemybusinessonsocialmediaand Google. TravelAgencyandTourArrangementServices AsmallbusinessideathatshouldhavebeenatthetopofourlistifitwasnotforCOVIDis tourismandtravel. However, itdoesfindamentioninthelistofprofitablesmallbusinessesyoucanstartin AustraliabecauseAustraliaisoneofthetoptouristdestinationsglobally. Weareconfidentthatthedayinternationaltourismopens, TouristswillbeflockingtotheOz land, andthisiswhereyou, myfriend, willhaveanopportunitytoshineasasmallbusiness owner. Thesmallbusinesstoursandtravelagencynowprovidesbookingandreservationservices, travelinformation, transportation, touristattractions, andaccommodationtoindividualsand businesstravellers. Ithasamarketsizeof $3billionwithatotalnumberof9,071businesses. Thisindustryalone employs35,188peopleinAustralia. (Source: IBISWorld) ByJune2020, thereweremorethan158,000non-employingbusinessesintourismin Australia. Thenumberoflargetourism-relatedcompaniesin2020amountedto896intotal. (Source: Statista) TheAustralianGovernmentreportsthatasofJune2020, therewere317tourismbusinesses inthecountry. Thisisabout13percentofthe2.4millionbusinessesinAustralia. A Also, from2019-to2020, thetourismbusinessgrewby1.2percentregardlessoftheimpactof 2019-2020summerbushfiresandCovid-19. (Source: AustralianGovernment) Australia’stravelagencyandtourarrangementindustryareprojectedtobouncebackfrom theeffectoftheCovid-19pandemicasthetravelrestrictionseaseup. Andwhenthishappens, therevenueinthisindustrywillrecoverandrewardthoseinthe industry. t Fi d Cli t i l B i H T ?
HowtoFindClientsinTravelBusiness? Airbnb, Hotels.comandothertravelwebsitesarewhereyouneedtoadvertiseyour business. Youcanalsousedigitalmarketingtopromoteyoursmalltoursandtravelbusiness. Conclusion Choosinganddecidingonthesmallbusinessideatogointoisapersonaldecision. However, therearealotofthingsyouneedtoputintoconsiderationasidefrommoney. First, youneedtobesurethatthebusinessideayouchoosetogowithiscomfortable. Thatway, youcanstaymotivatedtoseeitsucceednomattertheodds. Manysmallbusinessideasareoutthere, buttheoneslistedinthisarticlehaveprovenvery profitable. Ifyoualreadyhaveauniquesmallbusinessideathatyouareconvincedwillsell, byall means, goforit! Onceyouarewillingtoworkhard, youaremorelikelytosucceed. Let's Spread theJoy - Share! JasmeetSingh JasmeethasbeenapartofmultipleVentures. Heearnshisbreadandbutterby hangingontohisfirstventure, aSoftwareCompanylocatedinIndia. Heisatpresent workingonanewstartupideawhichlikeallstartupswillbe "Disruptive" (atleasthe thinksso? ) 4 Responses Pingback: 15 Best Profitable Franchises in Australia Pingback: Top 10 Sustainable Companies in Australia | Eco Friendly Pingback: Top 10 Famous Women in Business in India - | Entrepreneur Pingback: How to Start a Franchise in Australia - Lessons At Startup SubscribeToMyNewsletterAnd GetAFreeCopyOf 'The EntrepreneurshipGuide'! Email Name Subscribe
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