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For national as well as international visitors, Goa is a prominent tourist spot. Its alluring beaches, majestic carnivals and adventure water sports attract people from different parts. Not to mention, the foods available at beach shacks, cheap liquor, wildlife sanctuaries, casinos, and world-heritage-listed architecture are also liked by people from different backgrounds.
So, starting a small business in Goa can be a very lucrative idea if you are looking for great footfall. This article presents the 19 most profitable small business ideas in Goa to help you as an enthusiastic entrepreneur start your venture.
The following list of ideas on small-scale business in Goa can provide an entrepreneur with a fresh dive into the pool of possibilities and spark an inspiration to take the first step.
It is an easy guess that owning an online store is one of the most lucrative small business ideas in Goa. There is a notion that it is going to be expensive to start this business; however, it is not the case. There are multiple platforms that will help you start this venture with very little investment. Moreover, it can be any store of your liking whether food, cloth, education, cosmetics, grocery, medicine, etc.
Giving two-wheelers for rent is easily one of the best small-scale business ideas in Goa. Using a two-wheeler and riding through the streets of Goa is an excellent way to explore Goa. Tourists are always on the lookout for two-wheeler rental shops. So, you can attract customers by creating a solid online presence through your website or Google My Business.
It is not very hard to imagine that if done correctly a guest house business is going to be one of the most relevant and successful small business ideas in Goa. If you are looking into the small accommodation industry you probably know that there is a big learning curve involved in it.
Opening a hotel or a resort in Goa is a lucrative option and perhaps it is the simplest recommendation in this list as there is no training required. If done right, this business can give you extraordinary satisfaction with positive feedback from your guests. It is truly rewarding to see guests enjoy their stay in an environment that carries a lot of your hard work.
No matter the month, every time is a fantastic time to start a spa business in Goa. The high number of tourists who are inclined to such services makes it one of the most profitable small business ideas in Goa. Even if you cannot capture the high footfall by opening your spa shop near hotels and resorts you can drive customers with a good online presence.
The event management industry is growing at a very fast pace compared to others. Thus, starting your own event planning business may be a good idea, especially when the location is happening and crowded with people. Another plus point of starting in this industry is that it does not require any specialised training, you learn as you grow.
People are getting more and more conscious about individual carbon footprints with growing awareness about climate change. People are not shying away from recognising that travel contributes to climate change. Luckily, there is a way tourism can make positive changes in nature. Through green tourism, or, ecotourism you can contribute to that and grow your business too.
Throughout the years tattooing has become one of the mainstream mediums of expressing one’s ideas. Tattoo artists help their clients to realise their visions and make art by inserting pigment into the skin’s dermis. As Goa is filled with people with ambition and creativity, owning a tattoo parlour can be a great small business idea in Goa.
In recent years craft beer has gained a lot of popularity. Among the urban millennial generation, the consumption of beer has grown considerably with their higher living standards and disposable income. So, opening a brew pub in Goa is a very profitable small business idea.
In the evolving restaurant space food trucks have become quite a sensation nowadays. Starting a food truck business takes a lot less initial investment compared to any other format of a restaurant. Furthermore, the mobility aspect of this business which brings in profit from multiple areas with high footfall is unparalleled.
More customers are moving towards the unmatched convenience that drive-thru restaurants provide. It allows customers to order and purchase food without leaving their vehicles. In Goa, the food business is highly lucrative but comes with a lot of competition. So, a drive-thru eatery can make you stand out and earn a lot of profit.
The demand for baked items has been constantly rising in a recent couple of years, thus it makes one of the best small business ideas in Goa. There are various types of bakery services to choose from such as food truck bakeries, bakery cafes, home bakeries, specialty bakeries, counter-service bakeries, etc.
The alluring nightlife of Goa attracts a lot of tourists to this place, thus making nightclubs one of the best small business ideas in Goa. It is going to be instantly rewarding financially and emotionally only if you consider owning a nightclub a passion project. Otherwise, it can be a lot to handle.
There is high demand in the domestic and international markets for fish due to its high nutritional value. In Goa, the wide coastline and island waterway provide good opportunities for fish farming. Furthermore, the state government of Goa has been promoting this sector as one of the key sectors which makes fish supply one of the best small business ideas in Goa.
Starting a candy business can be one of the top low-investment small business ideas in Goa to start. A candy business offers multiple choices to customers for various occasions and different moods. Additionally, you should not forget about a large section of tourists that are children. They obviously take a great liking to colourful candies that offer a range of tastes.
In recent years, restaurant owners have faced unforeseen challenges and hardships due to the pandemic situation. However, the Indian restaurant market is one of the fastest growing in the world. Especially, if you are opening a restaurant on the beach or beach shack it is undoubtedly one of the best small business ideas in Goa.
There is a substantial demand for photographers in Goa. So, if you have an interest and expertise in that field, you can explore the scope and become successful in the photography business. Furthermore, as setting up a studio with professional equipment takes comparatively little investment it is the most profitable low-investment business in Goa.
There is a strong demand for travel agents especially among people who make booking at the last minute and those who travel regularly and look for benefits. It is also required for trips that need thoughtful planning and expertise. So, starting a travel agency can be one of the most profitable small business ideas to start in Goa.
Goa, being a commercially developing state, holds considerable possibilities for growth in the transportation business. The transport business includes transportation vehicles for passengers or goods. The consumers include global trade partners, companies, and individual passengers who can avail its services.