The 57 Best Business Ideas In North Korea [2024]

Interested in starting a business in North Korea in 2024?

We put together 57 of the best businesses you can start in North Korea today.

In this list of ideas, you can find:

• Home-based businesses to start in North Korea
• Profitable online business ideas
• Unique business opportunities for North Korea
• Low investment business ideas (under $5k to start)
• Easy businesses you can start in North Korea today

For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in North Korea.

Here's the full list:

1. Start a fruit delivery business

With today's busy lifestyles, people have turned to food delivery services. You can start a fruit delivery business, where you source fruits from reputable farms or groceries and deliver them to customers at a fee.

Alternatively, you can grow your own fruits and vegetables and deliver them to customers.

2. Start a construction company

Running a construction company can be very rewarding and require hard work, attention to detail, and a hustle mentality.

Construction companies are responsible for building/designing a variety of apartments, buildings, properties, housing, infrastructure, facilities & developments, motorways, roads, paths, pavement, and more.

3. Start a computer accessory business

A computer accessory business sells add-on devices and peripherals for computers, such as mice, keyboards, speakers, external hard drives, printers, and more.

To start this business, you must research popular computer accessories, find reliable suppliers and manufacturers, obtain a business license and retail space, and market your products through online and physical retail channels.

Focus on providing quality products at competitive prices along with good customer service to build your reputation in the market.

Keep an eye on new computer accessory trends and technologies to update your offerings.

4. Become a wellness coach

A health and wellness coach is a supportive guide who helps clients set health goals such as weight loss, improved energy levels, stress management, etc.

Health and wellness coaching is becoming popular. Therefore, if you consider yourself an expert in health and wellness, starting your health and wellness coaching business can be a significant business venture.

Some business ideas and opportunities for wellness coaching include:

• Corporate wellness coach
• Yoga teacher
• Personal trainer
• Nutritional therapist
• Herbalist
• Weight loss coach

The route you choose as a wellness coach depends on your ultimate career goals, your budget, and the amount of time you intend to commit to a health coaching program.

5. Start a screen printing business

Creating a screen printing business is a blend of creativity and craftsmanship. At its core, screen printing involves transferring designs onto various surfaces, typically textiles like t-shirts and hoodies. This is done using a mesh screen, ink, and a squeegee.

This business idea is appealing for those who have a flair for design and a knack for hands-on projects. You can cater to a wide array of clients— from local businesses needing branded merchandise to individuals wanting custom apparel for events.

To start, you’ll need some basic equipment and materials, but the initial investment is relatively low compared to many other manufacturing businesses. Once you master the techniques, the potential for growth is substantial. There is always a demand for personalized, high-quality printed products, making screen printing a lucrative and fulfilling venture.

6. Start a healthy drink business

With emerging trends around health in the last few years, there is a large demand for healthy beverages. Starting a healthy drink business involves sourcing quality and healthy ingredients such as vitamins, minerals, protein, and others.

Consumers are hungry for good-tasting drinks that make them feel great without sacrificing taste. From smoothies to juices and kombucha beverages, there are many opportunities available in the market to easily create a profitable healthy drink business.

7. Start a financial consulting business

Financial consulting is a business that helps individuals and businesses manage their financial affairs. Managing financial affairs include creating financial plans, analyzing financial data, and advising investment and financial decision-making.

To start a financial consulting business, you will need a strong understanding of financial principles and practices and excellent communication and problem-solving skills. You may also need to obtain necessary licenses or certifications, such as a Certified Financial Planner (CFP) designation.

To start the business, you must create a business plan, establish a business structure (such as a sole proprietorship or LLC), and identify your target market. You may also need to secure financing and create a marketing plan to attract clients. It is also important to network with other professionals in the financial industry and stay up-to-date on the latest trends and developments in the field.

8. Start a sewing products business

Want to bring creativity and craftsmanship back into the spotlight? Start a sewing products business. This venture focuses on creating and selling hand-sewn items, from custom clothing to home décor.

You'll source high-quality fabrics, develop sewing patterns, and produce a variety of unique goods. Your products can be marketed through online platforms like Etsy or local craft fairs. This business idea requires a blend of artistry and practical skills, but the tools and materials are accessible even for beginners.

Imagine turning your passion for sewing into a profitable enterprise, connecting with customers who appreciate handmade quality. Not only do you get to express your creativity, but you also meet a growing market segment dedicated to sustainable living and artisanal products.

For those seeking a hands-on, rewarding business, a sewing products venture might be the perfect fit.

9. Start a video games development business

Ever thought about turning your love for video games into a thriving business? Starting a video game development business might just be the venture for you.

At its core, a video game development business involves creating engaging and immersive games for consoles, PCs, and mobile devices. Your journey begins with assembling a talented team of programmers, artists, and storytellers who share your passion for gaming.

The video game industry is booming, offering endless possibilities for creativity and innovation. With dedication and a solid grasp of market trends, your games could captivate millions of players worldwide.

While it's challenging and requires teamwork, technical skills, and market understanding, the reward of seeing gamers enjoy your creations can be incredibly fulfilling. If you have the drive to turn your game ideas into reality, delve into the world of game development and make your mark on this dynamic industry.

10. Start a sporting goods store

Experts estimate that consumer preference for the latest techniques in sports equipment and fitness gadgets will increase rapidly over the coming years. If you intend to start a sporting good and equipment store, research the market and identify target customers. You can focus on sporting equipment or include sports clothing in your business. You need to make sure you offer a wide range of sports products and ensure the pricing is fair.

11. Become a proofreader

Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.

As a proofreader, you can work online, allowing you to choose what time to work.

If you plan to start a professional proofreading business in North Korea, make sure you possess the following skills:

• Have an excellent grasp of grammar
• Ability to correct mistakenly capitalized words
• Familiarity with the proper use of capitalization
• Use spell-checkers to flag misspelled words

Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.

Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.

12. Start a freelancer platform

Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.

The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025. While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.

With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.

13. Start an online advertising agency

An online advertising agency helps businesses promote their products or services on the internet.

To start this business on a budget, first learn the basics of digital marketing through free online resources.

Create a professional website and set up profiles on social media platforms to showcase your skills.

Build a portfolio by working on mock campaigns or offering discounted services to friends and family, and gradually market your services to attract clients.

With dedication, you can grow your agency over time.

14. Become a mobile personal trainer

Do you love helping people through their fitness journey? If you want a great side hustle to earn extra income, consider becoming a personal trainer.

The fitness trainer side hustle can be an adamant industry to earn good money. However, once you develop a reputation as a good trainer, you can get more clients through referrals. You need to register for the certification course to start offering personal trainer services in North Korea.

To attract your first clients, consider online advertising, and seek referrals from every customer.

15. Become a virtual assistant

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants in North Korea have a dedicated home office where they work in a quiet and distraction-free environment.

To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.

16. Start a digital marketing business

Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.

If you plan to start a digital marketing business in North Korea, educate yourself and understand how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through online digital marketing courses.

To stand out, find a digital marketing niche and focus on the audience interested in your services.

17. Start a travel agency

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travelers within the market rate.

18. Start a content writing company

Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.

Becoming a content writer allows you to work as your boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.

Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.

To start a content writing company in North Korea, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline operations.

19. Start an online video editing business

Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.

To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.

20. Start a voice over service

Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.

Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.

To become a voiceover artist in North Korea, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.

21. Start a mobile app development business

Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.

Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.

To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps

22. Start a blog

In recent years, blogging has become a highly sought-after & lucrative Business. This location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster’s list of blogging statistics and facts:

• Blogs have been rated as the 5th most trustworthy source of gathering online information.
• 77% of internet users read blogs.
• Each month, approximately 409 million people view more than 20 billion pages.

Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.

If you want to start blogging as a side hustle or as a full-time profession, choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.

23. Start a computer cleaning business

Computer cleaning is the process of cleaning and maintaining computers. This can be done by removing unnecessary files, uninstalling unused programs, and performing other optimization tasks.

To start a computer cleaning business, you need strong analytical and problem-solving skills. You also need to be familiar with the different types of data that can be stored on a computer.

The recent trends in data science and data analytics have made it possible for businesses to develop more sophisticated ways of cleaning up computers. For instance, businesses can now use data analytics to identify which files and programs are taking up the most space on a computer's hard drive.

Starting a computer cleaning business is a great way to make use of your data science and data analytics skills. By using your skills to identify which files are unnecessary and can be safely deleted, you can help your clients keep their computers running smoothly and free of clutter.

24. Start a SEO agency

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with an excellent chance for success.

It’s easier than ever to start your SEO agency in North Korea. The tools are there, and the competition isn’t as stiff as it used to be. If you’re considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

25. Start a sex toys business

The sex toy industry is growing rapidly, and there's no sign of this slowing down.

The reasons for this growth are varied. The rise of social media has made it easier to find out about new products and services, which has given companies greater access to their customer base and helped them grow their businesses. More people are also getting comfortable with buying things online; not only does this make it easier for them to shop in private, but it also helps them avoid embarrassment if they're nervous about their purchases being seen by other customers while they're waiting in line at a store.

The industry itself is changing as well: companies are offering more variety than ever before, which means that there's something for everyone—even those who might not have considered themselves interested in this sort of thing before now can find something that suits their needs perfectly!

There are already individuals who made it big in this industry and these stories are the proof of their success.

26. Create an online course

An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.

As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.

With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.

For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.

27. Start an affiliate marketing business

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

28. Start a niche accessories brand

Niche accessories make excellent small business ideas. The profit margins in these businesses are pretty significant because of the product markup. You could have a small Etsy store or sell them through marketplace sites such as Amazon, Facebook, and eBay.

The niche market for custom accessories is estimated to be nearly $473.46B by 2020 and it contains a variety of product categories ranging from jewelry, handbags, and small leather goods to house decorations and small fashion apparel accessories. Niche accessories are currently enjoying strong growth, projected to continue during this decade.

29. Start a tour company

Starting a tour company is a great way to bring your love of travel to life. You can share your passion with others and help make their dream vacations come true!

There are many types of tour businesses, so choosing something you are passionate about and knowledgeable about is best. Here are a few of the most popular tour companies to start in North Korea:

• Food & Drink Tours
• Adventure & Sporting Tours
• Sightseeing & Historical Tours
• Shopping Tours
• and many more!

It’s also essential to determine what mode of transportation you want for your tour company, as this will determine the initial startup costs needed for your company.

To get started, find out if you need a license to operate in your state. Some states require tour companies to be licensed, while others do not. If you are required to be licensed, talk with the licensing agency to find out what steps must be taken before you can apply for that license.

30. Start a travel agency

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travelers within the market rate.

31. Start a dropshipping business

Dropshipping is a business model where you sell products to customers without holding inventory.

Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.

To start a dropshipping business on a budget, choose a niche or category of products you want to sell.

Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.

Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.

32. Start a mobile photography business

Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.

There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!

To start mobile photography in North Korea, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.

33. Start an IT support business

Do you enjoy fixing technology problems and believe that you can fix others? If your answer to this question is yes, you might be an ideal candidate for developing an IT support business.

An IT support business is the work that the computer specialists in an organization do to assist their customers and establishments. The IT support expert groups are responsible for setting up and maintaining some crucial information systems and networks.

Starting an IT support business can be challenging, but it can potentially pay off better than your 9 to 5 job. IT support business can be a lucrative way to make money, and the demand is increasing rapidly.

34. Start a stationery business

A stationery business sells stationery products such as paper goods, notebooks, greeting cards, and envelopes.

The best part about starting a stationery business is that it's relatively easy and inexpensive to get started.

Since there are so many different types of products available in this industry, there are endless opportunities for creativity, customization, and expansion.

You could even start out small by selling your products on Etsy or eBay before opening up an actual storefront.

35. Start a podcast

The podcast business involves creating and producing audio content that people can listen to online.

It’s a popular form of entertainment and information-sharing.

To start a podcast business on a budget, you'll need a few key steps.

First, choose a niche or topic that you're passionate about and that has an audience.

Next, get basic recording equipment like a microphone and headphones.

Then, find a free or affordable hosting platform to publish your episodes.

Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.

36. Become a software developer

A software developer is a person who creates computer programs. They design, test, and oversee the creation of software for a variety of purposes including businesses, personal use, or social networking.

If you have strong technical skills and experience in programming, you can start a software development business. You should also have a good understanding of how the software works.

The average salary for software developers is $110,140. The best-paid 25 percent earn an annual income of up to 140K dollars while the lowest-paid workers make just under 84K dollars.

The recent trends in software development are moving towards mobile apps and cloud-based solutions. Businesses are providing a variety of programming languages and tools to create software that meets the client's needs.

Starting a software development company is the perfect way to explore in this exciting industry. This type of business is growing in popularity as businesses are looking for ways to offer their customers a convenient way to access their data and applications.

37. Start a web design & online marketing business

If you know about website design and marketing concepts then starting your own web design and online marketing business could be the perfect opportunity for you to do so.

The online marketing industry is the second largest industry in the United States and continues to grow. The online marketing industry is massive. It is estimated to grow by 30% annually, reaching $400B in the next four years.

38. Start a language translation service

Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.

To become a language translator in North Korea, master a second language and earn some experience so you become fluent in the second language.

39. Start a stock video business

Stock video is pre-filmed footage that can be purchased and used in various projects and films. Like stock photos, copyrighted stock videos cannot be used without permission and licensing from the rightful owner.

Businesses and filmmakers use licensed stock footage as they save money and hours, they would need to create original footage. Starting a stock video suitable for use in commercials and entertainment can be a great venture.

40. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.

If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

41. Start a restaurant

If you love cooking and are passionate about entrepreneurship, starting a restaurant can be a fun and lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food and line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills to make your dream come true.

If you plan to open a restaurant in North Korea, gain insight from consumer preferences and focus on serving modern consumers what they need.

42. Start an email marketing business

Email marketing is a popular and effective way for businesses to reach their target audience and promote their products or services.

With the rise of the internet and the increasing use of email as a communication tool, starting an email marketing business can be a lucrative and rewarding venture.

An email marketing business involves creating and sending marketing emails to a list of subscribers. The emails can be newsletters, promotional messages, or other types of content designed to engage and convert the recipient into a customer. The business owner is responsible for building and maintaining the email list, creating the content, and sending the emails using specialized software.

To start an email marketing business, you must have a strong understanding of marketing principles and a good grasp of best practices. This includes creating compelling subject lines, segmenting your email list, and analyzing your campaigns’ results. You will also need to be proficient in email marketing software like Mailchimp or Constant Contact.

To run a successful email marketing business, you must clearly understand your target audience and what they are interested in. This will help you create relevant and engaging content that resonates with your subscribers and encourages them to take action. A solid call to action in your emails is crucial, whether it’s visiting your website, making a purchase, or signing up for a newsletter. Starting an email marketing business requires marketing skills, expertise, and a willingness to learn and improve continuously. The right strategies and tools can be a rewarding and successful way to reach your target audience and grow your business.

43. Start a social media management business

Similar to virtual assistants, social media managers offer various services, including but not limited to:

• Developing a marketing strategy based on clients’ goals
• Setting up social media accounts
• Posting on behalf of their clients
• Coming up with strategies for increasing client’s social media following
• Marketing analysis.

To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals.

The beauty of working as a social media manager is that you can define your work schedule and choose what niches to work on.

44. Start a hotels business

If you are considering starting a hotel, then it is time to implement your plan. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.

Here are some tips to consider before forming a hotel:

• Name your business
• Decide on a marketing strategy
• Start by renting out a room in your home.
• Hire a business capital broker
• Try Airbnb
• Make a marketing plan
• Offer complementary services

45. Start a tech blog

A tech blog is a website that covers the latest news and developments in the technology industry. A tech blog typically covers topics such as new products, startups, and industry news.

To start a tech blog, you will need strong writing skills and experience in the technology industry. You should also have a good understanding of the latest trends in technology.

The success of your writing is going to be long-term, but if you do it right now there's the potential for handsome profits! You can start a tech blog and make $37,073 per year.

Starting a tech blog is a great way to share your knowledge of the latest technology trends with the world. This type of business is growing in popularity as people are looking for ways to keep up with the latest news and developments in the tech industry.

46. Start a fresh farm produce business

The fresh farm produces business is a fast-growing one. Starting a fresh farm produce business can be an exciting and profitable adventure if you are prepared. Everyone loves fresh food. Healthy foods are never out of fashion.

Listed are the steps to start a fresh farm produce business.

• Plan your business
• Secure permits and licenses needed
• Get financed
• Hire staffs
• Find a client and promote your business

47. Start a grocery store

A grocery store sells a wide variety of food products, fresh or packaged, and other household & personal care items. The grocery store industry is the largest retail channel that makes $682 billion in the United States.

To start a basic grocery store, you can expect to spend a minimum of $50,000. Ideally, the bigger expense would be the rent, equipment, labor cost, cash registers/POS systems, and software. Some of these are recurring monthly fees. However, the location, size of the store, competitors, and local customers will significantly impact the business. A new grocer should sell more items for a lower price to make a more significant profit.

A new grocer can also save costs by buying the items from local distributors. The distributor is the middleman between the manufacturer and the grocery store selling it. Once the store cost and location are decided, the next step is to obtain a seller license. In most states, a grocer's license is required to run a grocery store.

Thus an average grocery store has a profit margin of 3% to 5%. The profit rates depend on the store's location, size, and popularity. On average, a small to medium grocery store can make a profit of up to $300,000 annually if all the profit factors are considered.

Another way to make your business more profitable is to diversify your store and add amenities like a coffee shop or stocking up the front of the store with magazines, batteries, etc., as these items can cross a margin of up to 70%. As a rule of thumb, offering lower prices on higher purchases will ultimately win more customers and increase profitability.

48. Start a restaurant

If you love cooking and are passionate about entrepreneurship, starting a restaurant can be a fun and lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food and line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills to make your dream come true.

If you plan to open a restaurant in North Korea, gain insight from consumer preferences and focus on serving modern consumers what they need.

49. Start an online retail store

Starting an online retail store is straightforward. All you need is a computer, a domain, and a web hosting service. Then, determine a niche for your online store, and conduct product research before listing products.

You can start your online store based on a drop shipping business model or list your self-made products in your online store.

50. Start a dance studio

The dance studio business idea involves providing a space for people to learn and practice various dance styles, such as ballet, jazz, hip-hop, and salsa. To start this business, you will need a space to hold classes, essential equipment, and instructors. You must schedule classes, advertise the business, manage finances, and create a positive student experience to operate it.

51. Start an online influencer business

An online influencer business is a company or service that gets products or services sold through popular online users. It can be a very lucrative form of marketing.

As technology has advanced, more and more influencer businesses are starting to rise. These are people or companies who become famous for being influential on various topics.

More and more companies are investing in online influencer marketing because this channel is successful for new product exposure or for sharing news about a brand through voice-overs on popular online videos. You can work with these online influencers in different ways including the use of affiliate marketing or product embeds with sponsorship.

52. Start a vending machine business

Starting a vending machine business in a crowded, busy city is an easy way to make money. Whether you want to run your own business, start a side hustle, or generate an income while at the office, this is the best business.

There are many advantages to starting a vending machine business, such as: low startup costs, simplicity, all cash-based transactions, and flexibility.

Here are the steps on how to start a vending machine business.

• Buy a franchise
• Find a location
• Secure all licenses and contracts

53. Start a shoe making business

Imagine creating unique footwear tailored to individual tastes and needs. A shoe making business centers on producing custom-made shoes, blending craftsmanship with creativity.

You’ll be designing, stitching, and assembling high-quality shoes from raw materials, ensuring that each pair meets customer specifications. The process, while labor-intensive, offers rewarding opportunities for artistic expression and hands-on work.

Investing in this business means developing a keen eye for design, sourcing quality materials, and mastering shoemaking techniques. As demand for bespoke products grows, a shoe making business can carve out a niche market, attracting customers who value uniqueness and durability.

Whether focusing on fashion-forward designs or orthopedic comfort, the potential for growth and customer loyalty in this industry is considerable. Start small, build your reputation, and watch your craft garner appreciation from an ever-growing clientele.

54. Start an acupuncturist business

Starting an acupuncturist business can be a rewarding career path for those with a passion for holistic health and wellness. Acupuncturists use thin needles to stimulate specific points on the body to improve physical, mental, and emotional well-being.

To become an acupuncturist, you will need to complete a Master’s degree program in acupuncture and pass a certification exam. You will also need to obtain a license in your state, which typically requires continuing education credits to maintain.

As an acupuncturist, you will work with clients to assess their health concerns and develop a treatment plan using acupuncture techniques. You may also offer other complementary therapies such as herbal medicine or nutrition counseling.

To run a successful acupuncturist business, you will need to establish a professional website and social media presence, as well as build relationships with referral sources such as primary care physicians and chiropractors. It’s also important to keep up with industry trends and continuing education to stay competitive.

55. Become a real estate website creator

Real Estate Website Creator Business is a resource for passive income. Real estate websites have become a must-have for real estate agents. Using a website builder like Squarespace, Wix or WordPress can help you stand apart from your competition. For most people, a real estate website creator is among the most effective businesses to start online.

Website Builders Market was valued at $1.46B in 2019 and is projected to reach $2.62B by 2027. Over the past five years, a very popular business that people have started is building real estate WordPress websites. This is a great business to start if you have some money saved up and you're looking for more freedom to work whenever you want.

56. Start a health insurance business

Starting a health insurance business can be a lucrative and rewarding endeavor. As the healthcare industry continues to evolve, the demand for affordable and comprehensive health insurance plans is higher than ever.

To start a health insurance business, you must obtain a license to sell insurance in your state. This typically requires completing an insurance training program and passing an exam. You will also need to work with insurance carriers to create plans and negotiate rates.

To run a successful health insurance business, it is important to have a strong understanding of the healthcare industry and the various types of health insurance plans available. You should also be able to communicate effectively with clients and help them understand their options.

In addition to selling insurance, you may also need to manage claims and handle customer service inquiries. Strong organizational and customer service skills will be essential to running a successful health insurance business.

Starting a health insurance business requires a combination of knowledge, skills, and resources. With dedication and hard work, you can build a thriving business that helps individuals and families protect their health and financial well-being.

57. Start a toy manufacturing

Toys are an integral part of childhood. The toy market is expected to reach $103.8 billion by 2027. So if you are looking for manufacturing business ideas to start on your own, entering the toys industry could be a great start.

Before getting started, you want to choose a niche, there are various types of toys available in the market. You can start by making : Educational toys, Soft toys, Outdoor toys, creative toys, electronic toys, arcade games etc.

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