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12 Profitable Small Business Ideas in Singapore in 2024

Last updated: Jun 18, 2024

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Are you considering a small business in Singapore this year? Whether you're jumping into full-time entrepreneurship or planning a side gig, launching a business is a good option for more income. 

Singapore is a vibrant hub for aspiring business owners with opportunities and supportive systems. From education to freelance services and beyond, there are plenty of niches waiting to be explored.

In this guide, you’re going to learn some potential business ideas in Singapore. Have a look into this article to know what are ideas for small business in Singapore.

 

12 Small Business Ideas in Singapore

You can start many businesses in Singapore, but if you are starting on a smaller scale, consider the following ideas. Here are some of the small businesses in Singapore to start with.

 

1. Home-Cooked Meal Preparation Services

In a fast-paced city like Singapore, many individuals and families struggle to find time to cook healthy meals. Home-cooked meal services are small business ideas where you can cater to customer needs by providing customized meal plans, dietary options (e.g. vegan), and delivery.  

These new business ideas can attract health-conscious customers by focusing on quality ingredients, nutrition, and convenience.

 

2. Graphic Design Service

With the rise of digital marketing, businesses are constantly in need of professional graphic design services. From creating logos to designing marketing materials, offering graphic design services can be a good small business in Singapore.

By offering creative and impactful designs that align with clients' brand identities, you can establish yourself as a go-to graphic design service provider in Singapore's competitive market.

 

3. Content Creation

Content is considered very important in the digital age, and businesses are always looking for engaging content to attract their target audience. Whether it's writing blog posts, managing social media, or creating videos, content creation services are in high demand. 

These small business ideas from home can help you provide businesses a high-quality content that resonates with their audiences and achieves their marketing goals.

 

4. Pet-Grooming

Many Singaporeans are pet owners, and pet grooming services are always in demand. Offering grooming services such as bathing, nail trimming, and styling can be a profitable small business in Singapore, especially for animal lovers.

Additionally, offering value-added services such as pet sitting, daycare, and spa treatments can enhance your business offerings and attract more customers.

 

5. Bookkeeping

Many small businesses and startups struggle with managing their finances effectively. As a bookkeeping service provider, you can offer essential financial services such as bookkeeping, accounting, tax preparation, and financial reporting.

By maintaining financial records, providing insights into cash flow management, and other necessary related tasks, you can help businesses finance and focus on their objectives.

 

6. Translation Service

Singapore's diverse population speaks multiple languages. It is one of the best business ideas since Singapore often requires translation services to communicate with their target audiences, partners, and stakeholders. 

Whether it's translating documents, websites, marketing materials, or legal contracts, offering professional translation services can bridge language barriers and facilitate cross-cultural communication. 

Specializing in key languages such as English, Mandarin, Malay, and Tamil can provide this service to a wide range of clients and industries.

 

7. Sell Hand-crafted Goods

If you're crafty and creative, selling hand-crafted goods can be a profitable business idea. Whether it's jewelry, artwork, clothing, home decor, or artisanal food products, showcasing your unique creations can attract customers looking for one-of-a-kind items. 

You can sell your products online through e-commerce platforms, social media, or create your own website and participate in local markets, craft fairs, and pop-up events.

 

8. Air Conditioning Services

Singapore's tropical climate makes air conditioning essential for homes, offices, and businesses. Offering air conditioning services such as installation, maintenance, repair, and servicing can meet residential and commercial customers' needs.

 

9. Event Planning and Management

Singapore is a vibrant city with a thriving events industry, including weddings, corporate events, conferences, exhibitions, and social gatherings. As an event planner and manager, you can offer comprehensive event planning services from conceptualization to execution. 

This includes venue selection, theme design, budget management, vendor coordination, logistics planning, guest management, and on-site coordination.

 

10. Online Courses or Tutoring

With the rise of e-learning and digital education, offering online courses or tutoring services can be a profitable business venture. Whether it's academic subjects, professional skills, language courses, music lessons, or hobby classes, there's a growing demand for online learning opportunities. 

Online courses are easy businesses to start since you can create and sell online courses through your own platform or established e-learning platforms. You can offer engaging content, interactive lessons, assessments, and certifications.

 

11. Dropshipping

For aspiring e-commerce entrepreneurs, drop shipping may be the cheapest business to start from home since it does not need inventory management. Partnering with suppliers to fulfill orders directly to customers can be a scalable and low-risk business model. 

This allows you to focus on marketing, customer service, and growing your online store while leveraging suppliers' product catalog and shipping capabilities.

 

12. Delivery Service

As more consumers rely on online shopping and home delivery services, providing delivery services can be a good opportunity. Whether it's food delivery, parcel delivery, courier services, or last-mile logistics, there's a growing demand for efficient and reliable delivery solutions.

Partnering with e-commerce platforms, local businesses, and logistics providers can expand your delivery network and reach a wider customer base.


Conclusion

Those are the ideas for small business in Singapore that you should consider when planning to start a business in the country. These are also low-cost business ideas with high profits that might be the opportunity you’re looking for.

Note that no matter what industry you start with, even a small business in Singapore, every business has its challenges. Therefore, you should also prepare other aspects of your business plan, such as marketing strategies.

In this case, you can consider to optimise a cost-effective SEO, which is perfect for start-up businesse

Moreover, by having outstanding SEO-friendly content, you can target customers with relevant keywords to increase website traffic and boost sales organically.

Try SEO Service by cmlabs and see how we can improve your ranking, content, and website!

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