Are you searching for small business ideas in Goa? Here in this article, we have compiled the top most profitable small-scale investment opportunities in Goa for your ready reference.
The major economic activities of Goa include agriculture, tourism, and mining. Goa gets revenue from all sources including fisheries, exports of iron, manufacturing industries, and tourism of course. Goa has a well-developed social, physical, and industrial infrastructure and virtual connectivity.
The state of Goa is highly dependent on foreign exchange, which has helped fuel the growth of resorts, helped in state beautification, hotels, and other businesses related to tourism.
List of Top 11 Small Business Ideas in Goa
Goa is notable for its low beer, wine, and spirits prices due to its very low excise duty on alcohol. You can start a brewpub business in a good location in Goa to serve different varieties of flavors of beer. Brewpub’s business opportunity demands adequate knowledge and years of experience in microbreweries.
Brewpub business is actually a restaurant and microbrewery combination that normally offers craft beer with different customized tastes and flavors to their clients on-premise. Studies have shown that drinking beer in different customized tastes is a trend of today’s phenomena.
#2. Ecotourism Business in Goa
Ecotourism is all about traveling and visiting new unexplored places that protect the environment and also look after the welfare of the local people residing in that area. This business venture can be a good choice for nature lovers who also love adventure travel. It is one of the most emerging business ideas in Goa.
3. Start an Online Business in Goa
If you are looking for a home-based business, there are many online businesses you can start from the comfort of your home with no or very low investment. You just need a computer and an internet connection.
If interested, check out our selected list of online businesses you can start in Goa.
#4. Fish Farming Business in Goa
Goa earns massive revenue from fish farming. Fish farming business opportunity demands special knowledge, skills, and day-to-day careful monitoring. Commercial fish farming has proven to be an economically successful business venture throughout the globe. Fish is a healthy, protein-rich, and tasty food with low cholesterol and calories.
A handyman business is simply providing the services of a small job or task for the clients who lack the skill or time to complete the work themselves. The working area of a handyman service business is wide. Generally, this type of work includes maintenance, repair, remodeling, plumbing, refurbishing, and electrical jobs.
Depending on your expertise, you can work alone or you can form a handyman service company with some other employees.
Landscaping business or lawn care is one of the most lucrative businesses in the agro-based service industry. This green business also allows you to operate from home with small startup capital. having proficient knowledge with good communication skills is a must in this business.
The demand for landscape experts is increasing rapidly in both developed and developing countries.
#7. Mobile Food Truck
Mobile food truck business opportunity is different from a normal restaurant in two major ways. One is you are moving and you don’t have a retail location. Second is you yourself are going to the customers. A person having minimum experience in the foodservice industry can initiate this venture in the city area.
From a food truck, you can sell frozen and packaged items like ice cream, soft drinks, sweets, and snacks. You can also go for cooked items with a specific menu including breakfast, Tiffin, lunch.
#8. Photography Business
A photographer is a professional that focuses on the art of taking photographs with a camera. A photographer generally works in a freelance capacity and is hired for specific jobs by different clients. These photography business ideas are ideal for home-based and part-time operations.
A professional photographer who works full time often does studio work that involves taking pictures in a controlled interior setting, with professional or amateur models.
#9. Start a Transport Business in Goa
As goa is a renowned travel destination for domestic and international tourists, the potential of the transportation business is huge. It includes car rental, luxury bus service, and many more. Transport business opportunities are emerging globally nowadays. Transportation is one of the world’s largest industries.
Different types of specific demands with the changing lifestyle habit have introduced several innovative and profitable startup opportunities in the transport industry.
#10. Open a Travel Agency
Tourism is literally the “bread and butter” of the economy. Goa has been labeled the ‘hot spot’ by teenagers and young adults alike. Perhaps it is one of the few places that have used its natural assets as an advantage.
The pristine waters, picturesque architecture, surreal-looking villages, perfect tropical climate, and a warm buzz all year round have been the sole magnets that attract people year-round. Travel agency with allied services is one of the most legit business ideas in Goa.
#11. Vending Machine
Installing a vending machine is one of the best business ideas in Goa. Find innovative ideas that suit the location and audience’s needs. A vending machine is an advanced form of retail business. A vending machine is a simple machine that dispenses any items like foods, drinks, cigarettes, etc. Snacks and cold beverages are the largest product segments in the industry.
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 business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.