Do you want to make money while living on an island? Are you looking for business ideas for beach towns? If YES, find here the most profitable small business ideas for tropical islands for your ready reference.
Generally, tropical islands have hot and humid weather. From an economic viewpoint, most of the island countries within the humid tropics are developing rather than developing. Some of the major revenue-earning segments are tourism, seafood items, hotels, hospitality, transportation, retail, etc.
Hence, initiating a small business is not that tough in tropical islands. And practically, you can find plenty of opportunities there. However, proper market analysis, and finding out the demand is highly important before starting your venture. Read this article to get 40 profitable business ideas that are financially lucrative in the tropical islands and easier to start.
List of 40 Business Ideas in the Tropical Islands
#1. Amusement Park
If you have sufficient money to invest, then initiating an amusement park is a perfect business for the tropical islands. Generally, people visit this type of place on their vacations. So, it ensures sufficient footfalls. However, the business is capital-intensive. Read More…
#2. Antique Shop
The profit margin is highly lucrative in the antique shop business. Location wise antique shop business is perfect for any tourist place. The success of this type of store depends on the collection that you offer your clients.
If you want to start a low-cost business, then babysitting is a perfect opportunity for you. Remember that not every state will need a license for babysitting but it’s your obligation to check. You can start the business small. And it has a huge potential for expansion. Read More…
#4. Barber Shop
Generally, opening a barbershop is a lucrative and self-rewarding business for any individual. However, the business demands specific skills, knowledge, and experience. If you are an experienced barber, then only you can think about initiating your own store. Read More…
#5. Basket Weaving
The market potential of the gift industry is increasing day by day and people are more intending to have personalized charming gifts and home décor items. A Basket-weaving business is a profitable venture one can start from any location, by taking the minimum risk. Read More…
#6. Bed & Breakfast
If you have an extra room, then you can think about offering a bed and breakfast service for travelers. And you can earn some extra money without any sort of extra investment. However, check whether you need any specific business license or not.
#7. Billboard Advertising
Basically, billboard advertising comes under the outdoor advertising segment. It is a highly competitive industry. Hence, initiating a billboard advertising company needs market research and strategic planning. Read More…
#8. Boat Cleaning
Generally, in the coastal areas, you can a lot of boat renting companies. And the boats need regular cleaning. If you love working outdoors, you can initiate a boat cleaning company with little money. Only, you will need to procure some hand tools and equipment.
#9. Boutique Hotel
Nowadays, boutique hotels are getting huge popularity in the luxury living segment. Actually, boutique hotels provide numerous other facilities other than food and lodging. However, initiating a boutique hotel demands a lot of capital and strategy making.
#10. Bungee Jumping
Nowadays, this type of entertainment is becoming hugely popular. And demand is also increasing. However, the business is cash-intensive. The business demands an upfront startup capital investment for equipment buying, licensing, etc. Read More…
#11. Cake Shop
Basically, starting a cake shop is a lucrative food retail business. The business is easy to start and manage. Additionally, the cake retailing business is perfect for women entrepreneurs. Any individual can start this business by taking a minimum risk (finance). Read More…
#12. Car Rental
This is another great opportunity you can initiate in the tropical islands. Actually, it is easy to start and also easy to expand. If you want to invest a small amount of capital start with one or two cars. Check the licensing, insurance, and road permit issues. Read More…
Initiating a casino requires moderate capital investment, crafting the right business plan, and an advertising budget. Generally, a casino allows patrons to play different games and also offers food, drinks, etc. Also, the location plays an important role in this business.
#14. Coffee Shop
You can start the business independently or you may consider buying a franchise. In independent starting, you will enjoy the margin in full. On the other hand, as a franchise of a reputed brand, you will get guidance in starting the business and in day-to-day activity, but you will need to consider the commission and franchise fees. Read More…
#15. Corporate Event Planning
corporate hospitality is a vast area. And practically, there are numerous areas where you can offer the service to your clients. However, you must have good communication skill and networking skills. The business demands a very small startup investment. Read More…
#16. Craft Making & Selling
Craft making and selling is an ideal business in tropical islands. Also, the business is perfect for women entrepreneurs, housewives, and moms. Generally, travelers buy handcrafted products when visiting new places. Read More…
#17. Cue Sports
Broadly, there are three different types of cue sports. These are Carom billiards, Pool and Snooker, and English billiards. Players need some of the major equipment for playing these games. The list may include billiard balls, tables, cloth, racks, cues, chalk, and mechanical bridge. Read More…
#18. Delivery Service
In this era of the internet, people prefer to buy products from the convenience of home. That is why the eCommerce industry is growing rapidly. Hence, this is the perfect time to start a small delivery business with a small investment. Read More…
#19. Designer Garment Store
Initiating a designer garment store is a highly lucrative business in the areas of the tropical island. Generally, it is a niche garment store that keeps high-quality innovative garments. If you have an educational background in fashion design, then this is the perfect venture to start.
#20. Destination Wedding Consulting
Nowadays, a destination wedding is getting huge popularity among young would-be married couples. Also, they are looking for innovative arrangements for their big day. If you enjoy helping others, then you can consider initiating a destination wedding consulting business.
This is a newly emerging concept in the travel and tourism industry. Ecotourism includes some alternative forms of transportation that have lower carbon emissions, travel to an agricultural destination, etc. Any individual passionate about travel and having knowledge about ecotourism destinations can initiate this business. Read More…
#22. Face Painting
As a skilled face painter, you can truly earn a lot of money. Broadly, face painting comes under the body art segment. And it is an ancient practice of human civilization. Nowadays, face painting has gained huge popularity at children’s parties, birthday parties, summer camps, etc. Read More…
#23. Fishing Supply Store
Most tropical islands have huge coastal areas. Hence, fishing is a natural practice and means of entertainment too. You can open a fishing supply store to help fishing enthusiasts. Consider having a good location and keeping quality products.
#24. Fitness Center
An entrepreneur having knowledge and experience in fitness-related activities can initiate this business. Generally, fitness centers offer a wide range of different services. In this business, location, interior decoration, and ambiance play an important role. Read More…
#25. Food Truck
Mobile food truck business opportunity is different from normal food 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 food service industry can initiate this venture in the city area. Read More…
#26. Gaming Business
Basically, a video game is an electronic game. And any individual can play this game on a computing device. Nowadays, some of the most popular devices are PCs, smartphones, gaming consoles, etc. Currently, video games are a billion-dollar business. Read More…
#27. Gift Shop
This is another highly profitable business you can consider starting in tropical islands. Gift shops ensure a higher percentage of profits than other retail stores. However, the location and range of collections play important roles in the overall success of the store.
#28. Jet Ski Rental
Actually, jet skiing comes under the water sports category. It’s also an adventure sport. Therefore, the jet ski is highly popular in tropical islands. Initiating a jet ski rental business requires proper business planning and moderate startup investment.
#29. Juice Bar
Any individual having a passion for serving others can start this business. The most important thing is, you can start this business in two ways. One is by opening your own brand. The second is opening a franchise outlet. Read More…
#30. Medical Shop
One can start a medical store business with extra value-added services like a doctor’s chamber, and some testing facilities like blood pressure, oxygen supply, etc. As a startup, you can buy a franchise of an established brand or you can start your own. In the medical store business, the retail margin is very inspiring. Read More…
Generally, tropical islands are the best places for opening a museum. There are numerous different niche areas where you can concentrate. These are the wax museum, children’s museum, science museum, etc. However, initiating a museum is a capital-intensive business. Also, it requires regular care and maintenance.
#32. Organizing Fishing Tour
This is a niche segment under the tour organizer segment. People enjoy fishing for vacations and leisure time. And you can earn a lot of extra money in a time of helping others. You can offer both individual trips and group tours.
#33. Photo Studio
Photography is actually catching beautiful moments or events for your clients. And people love to get beautiful photos of the memorable incidents of their life. Therefore, photography is a multi-million dollar industry worldwide. Read more…
Actually, restaurant is one of the most profitable businesses in the food retail segment. Also, it is an easy business to start. Some of the most crucial aspects are startup investment, business planning, menu, tariff selection, and finally marketing.
#35. Seafood Restaurant
A restaurant that serves only seafood items comes under this segment. Actually, seafood is very popular in coastal areas. Also, people prefer to taste different items in the time of visiting those places. You can sell other normal food items also from that restaurant.
#36. Travel Agency
The average people want to see other parts of the world and they need the help of travel agents to book their hotels and travel packages. The need for travel is not only coming to have pleasure holidays but also for business reasons. Read More…
#37. Tour Guide
This business is all about sharing information about the places with a group of people in an entertaining way. An aspiring individual, living in a tourist place, and having good communication skills can initiate this self-rewarding venture. Read More…
#38. Vending Machine
If you want to start a retail business with a small capital investment, then you can initiate a vending machine business. Selecting the right location and the right product are the most crucial aspects of this business. Also, you can consider starting as a franchise partner of a reputed company. Read More…
#39. Water Park
Basically, a water park is an amusement park that offers water-themed games. Some of the most popular activities are swimming pools, water slides, splash pads, water playgrounds, and lazy rivers. Initiating a water park requires a wide area with a lot of investment.
#40. Welcome Center
Generally, people visit welcome centers to get the maximum information about a particular place. Such as good hotels, restaurants, bus timing, markets, etc. So, initiating a welcome center is just a great business you can consider starting in the tropical islands.
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.