Are you a family person living with members of a loving family? If yes, you can think of venturing into a family-related business. Here in this article, we have listed down the most profitable family business ideas at low cost.
What is a family business? In simple words, it is a business that has its ownership and execution by the members of a family. In this type of business, you can be the owner of the business, but it will be run by the joint efforts of your family members. Furthermore, it makes the family bond stronger and business easier.
Before starting a family-type business, you have to find out the different capabilities and efficiencies of your family members. Some may be strong in accounting, while some have an acumen for caring or gardening. Hence, you have to decide on a business idea that fits your family members including you.
Family business ideas are great for generating income opportunities for several family members. However, that should not be the only point of consideration. You have to choose a business that has a good demand in the market so that the income opportunities are escalated with time.
25 Family Business Ideas
1. Eldercare or Childcare
Some families are caring by nature. Use this quality to develop the family business idea of eldercare or childcare. It is a sought-after business idea and you can have different structures for this business. If your house has space, you can start a childcare center or an old-age daycare center providing the necessary care and comfort with due responsibilities. It is a high-paid business ensuring good profit for you and your family.
Errand work providers are very much needed for people who are busy and have little time for this work. You can start an errand service center with your family members. Errand’s services include grocery shopping, repair, bill payment, personal shopping, etc. If several family members attend to different clients throughout the day, your unit will have a good profit from this business.
3. Handyman Service
A handyman business is a great family business if you have several trained repair mechanics in your family. This service is all about different kinds of repair and maintenance jobs done for clients. With more than one handyman in the family, you can start a handyman service unit and get a high income through multiple repair services for multiple clients.
Cleaning service is a profitable family-related business. These services cannot be provided alone. Hence, if the members of your family assist you in the cleaning assignments and you can form several cleaning teams with them, you will be able to cater to many clients at a time and get high profits.
5. Gardening/ Lawn Care
If you are a passionate gardener or lawn maintenance person, you can train your family members and start a gardening or lawn care business. This is one of the lucrative family business ideas as it has high demand in the market.
6. Home Farm
If you are a family of plant lovers and efficient gardeners, you can start a home farm. In this business, you can grow fruits, vegetables, microgreens, etc on your farm and sell them locally or to nearby grocery stores or farmer’s markets. These products have high demand in the market and hence you can get a good income.
7. Plant Nursery
The plant nursery is another good business that can be started as a family. Grow saplings of different plants with your family members and sell them to garden owners or plant shops. Focus on plants that have good demands locally. Plant saplings are sold at good prices giving you a high profit.
8. Flower Delivery
If you have a flower garden or can collect flowers from local vendors and deliver flower bouquets to different parties, households, or offices, you will get a good price. The involvement of several family members will make your flower delivery business larger and more profitable.
9. Online Teaching
Online teaching can be a profitable business if you have several members in your family with a specialization in various subjects, you can start with a complete package of online teaching offering lessons on different subjects. This will increase the student base of your online teaching portal resulting in a very good income opportunity.
10. Online Retail
Start an online retail store with the members of your family and create a recurring income stream. Develop an app for your online retail business from greater reach. The members of your family can take responsibility for the different areas of this business like inventory management, logistics, marketing, management, accounting, etc.
11. Grocery Store
Brick and mortar grocery store is also a profitable family business idea. It has a steady demand around the year. Your family members will manage the store together without the need for any hired employees. Hence, the income will be distributed among your family.
12. Pet Care
Pet care is a lucrative business that can be started by a group of members of a family. If you are a family of pet lovers, this is a suitable business for you. In this business, you can provide services of pet sitting, dog walking, dog running, etc. If you have enough space in your house, you can also start a daycare center for pets.
13. Gourmet Bakery
A gourmet bakery is a much sought-after business and a good business if you have a few passionate bakers in your family. These specialized bakery items are made according to the customers’ preferences. You can deliver these bakery items against order online or through telephone orders. Selling them in local cake shops or cafes is also a profitable option.
14. Event Management
Event management is a good business and an excellent family-related business. Involving the family members in managing the different parts of event management will give you good coordination as well as profit. However, family members should have management capacity, aesthetic sense, and punctuality to become successful in this business.
Catering is a profitable family business idea if you and some of your family members have culinary skills. All your cooking jobs will be centralized and focus on a variety of food, good taste, and high hygienic standards. The family catering business has good credibility among customers.
16. Family Restaurant
Family restaurants are age-old concepts in the food business and are still very relevant. You can start this business at a good location with the active participation of your family members in different areas of the business making it a successful family business.
17. Food Truck
Start your food truck with the active participation of your family members in cooking, serving, driving the truck, and doing the marketing and publicity. It will give you high returns on your investment.
18. Auto Repair
If your family has a few automobile experts, this business is suitable and lucrative for you. You can start your auto repair center with a nominal investment. With the help of your family members, you can also provide mobile car repairing services increasing your income further.
19. Gift Basket
Gift baskets have a very good demand in the market and can be easily run by family members. Find a niche of your baskets and sell them through good marketing and publicity and also online. Gift baskets can be edibles, luxury items, beauty products, toys, games, etc. Choose according to the local demand and profitability.
20. Bed and Breakfast
Providing bed and breakfast services in the extra room(s) of your house can be a profitable business. Your family members can help you maintain the rooms, provide food, and also get orders.
21. Family Blog
If you are a family of writers, starting a family blog can be a good satisfying, and rewarding business. The members of the family can write on different topics, share their experiences, and recall the old days through interesting writings. Since the blog is meant for people of various age groups, you will have a greater readership and hence, higher income potential.
22. Tour Operator
Opening a tour operation business is a profitable family business idea. Organizing tours, booking tickets, hotels, and cars, and arranging sightseeing and other activities are some of the important areas of the tour operation business. Your family members can take charge of each area along with marketing and publicity of the business.
23. Interior Decoration
If your family members have aesthetic and space-planning senses. You can start an interior decoration firm with your family members and get a good profit from this business. Your family members can also give you some potential contacts.
24. Fitness Training Center
A fitness training center or a gym can be successfully run by family members. If you have extra space in your home, you can start the center at home. You and some other members of your family should be trained fitness experts for this business.
25. Family Clothing Line
If you are a designer you can think of starting a family clothing line. Include clothing for people of different age groups as it is a family clothing line. Your family members can participate in this business by maintaining accounts, suggesting clothing and their designs, and doing marketing. It is an impressively profitable business idea.
We need our family in all our ups and downs. The cooperation of family members can also grow different kinds of family business ideas.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.