Top 10 small business ideas in Bangladesh 2023

Bangladesh is a country with a large population, a growing economy, and a lot of potential for entrepreneurship. If you are looking for some small business ideas in Bangladesh that can help you earn money and make a difference in your community, you have come to the right place. In Best Sectors for small business ideas for Students in Bangladesh article, we will share with you some of the best small business ideas in Bangladesh that are profitable, low-cost, and easy to start. Whether you are interested in agriculture, e-commerce, education, or services, there is something for everyone in this list. So, without further ado, let’s dive into the best small business ideas in Bangladesh.

Top 10 Small business ideas in Bangladesh 2023 low investment

Bangladesh is a country with a lot of potential for entrepreneurship and innovation. The country has a large population, a growing economy, and a diverse culture. If you are looking for some small business ideas in Bangladesh that can give you a good profit, here are some suggestions:

Coffee Shop: Coffee is a popular drink among the urban population of Bangladesh, Its Small business opportunities in Bangladesh for 2023. especially in the cities of Dhaka and Chittagong. A coffee shop can be a profitable business if you choose a strategic location, such as an office area or a residential area. You can offer different types of coffee, such as espresso, cappuccino, latte, etc., as well as snacks and pastries. You can also create a cozy and comfortable ambiance for your customers to enjoy their coffee break. The cost of coffee is around 585 BDT per kg12.

Blogging: Blogging is a great way to express your passion and expertise on a topic and earn money from it. You can start a blog on any niche that interests you, such as travel, fashion, food, health, etc. You can write in English or Bengali and attract readers from all over the world. You can monetize your blog by displaying ads, selling products or services, or getting sponsored posts. There are many successful bloggers in Bangladesh who make a good income from their blogs1.

Dropshipping: Dropshipping is a type of e-commerce business where you sell products online without having to keep any inventory or handle any shipping. You simply create an online store and list the products you want to sell from a third-party supplier. When someone orders from your store, you forward the order to the supplier and they ship the product directly to the customer. You keep the difference between the price you charge and the price you pay to the supplier. Dropshipping is a low-risk and low-investment business idea that can be done from anywhere with an internet connection.

Salon Business: The salon industry is one of the fastest-growing industries in Bangladesh. People from all classes of society visit salons for haircuts and beauty treatments. If you have a passion for beauty and health care, you can start a salon business in Bangladesh. You can offer services such as haircutting, styling, coloring, facials, manicure, pedicures, etc. You can also sell beauty products and accessories in your salon. You need to choose a good location for your salon, preferably in a busy area with high foot traffic. You also need to use quality products and provide excellent service to your customers.

Organic Food: Organic food is food that is produced without using any synthetic pesticides, fertilizers, hormones, or antibiotics. This Sector is Low-cost small business ideas in Bangladesh with high profit. Organic food is healthier and safer than conventional food and has higher demand among health-conscious consumers. You can start an organic food business in Bangladesh by growing your own organic crops or sourcing them from local farmers. You can sell your organic food online or offline through various channels, such as farmers’ markets, grocery stores, restaurants, etc. You can also create your own brand and label for your organic food products.

Fashion House: Fashion is a dynamic and creative industry that appeals to many Students. Bangladesh has a rich and diverse culture that influences its fashion trends. A fashion house is a business that designs, produces, and sells clothing, accessories, and other fashion items. You can start a fashion house in Bangladesh by creating your own brand and style. You can target different segments of customers, such as women, men, children, etc. You can also specialize in a particular type of clothing, such as ethnic wear, western wear, formal wear, etc. You need to have a good sense of fashion, a team of skilled workers, and a marketing strategy to promote your products.

Web Development Business: Web development is the process of creating websites and web applications for various purposes. Web development is a high-demand skill in the digital era, as every business needs an online presence to reach more customers and grow. You can start a web development business in Bangladesh by offering your services to clients who need websites or web applications for their businesses or personal use. You can work as a freelancer or form a team of web developers. You need to have knowledge of web programming languages, such as HTML, CSS, JavaScript, PHP, etc., as well as web design tools, such as WordPress, Bootstrap, etc.

Cosmetics Shop: Cosmetics are products that enhance the appearance or beauty of the face or body. Cosmetics include makeup, skincare, hair care, nail care, perfumes, etc. Cosmetics are widely used by women and men of all ages and backgrounds in Bangladesh. A cosmetics shop can be a lucrative business if you sell quality products at reasonable prices. You can source your products from local or international brands or manufacturers. You can also create your own cosmetics line and sell it under your own brand name. You need to choose a good location for your shop, preferably in a shopping mall or a busy street.

Courier Business: A courier business is a service that delivers parcels or documents from one place to another. Courier businesses are essential for e-commerce businesses For College Student, as they help them deliver their products to their customers. Courier businesses are also useful for individuals who need to send or receive items quickly and securely. You can start a courier business in Bangladesh by providing delivery services within your city or across the country. You need to have a fleet of vehicles, such as bikes, cars, vans, etc., as well as drivers and delivery staff. You also need to have a system for tracking and managing your orders and payments.

Flight Tours Business: A flight tours business is a service that offers scenic flights over various attractions or destinations. Flight tours are a unique and exciting way to experience the beauty and diversity of Bangladesh from the air. You can start a flight tours business in Bangladesh by offering flights over places such as Dhaka city, Cox’s Bazar beach, Sundarbans forest, Chittagong hill tracts, etc. You need to have a license and certification to operate an aircraft, as well as a suitable aircraft for your tours. You also need to have a marketing strategy to attract customers who are interested in adventure and sightseeing.

How to Start a low investment small business in Bangladesh

Starting Low-cost a small business in Bangladesh requires following some procedures and legal steps, such as:

• Applying to Registrar of Joint Stock Companies and Firms (RJSC) for Name Clearance Certificat.
• Paying stamp duty at a Designated Bank and applying to RJSC for registration.
• Applying for the trade license to respective City Corporation or Municipal Corporations.
• Approaching the National Board of Revenue (NBR) for receiving TIN Certificate and registering with the Customs, Excise, and VAT Commissioner.
• Applying to the Bangladesh Investment Development Authority (BIDA) for registration.

You also need to have a business plan, a bank account, a company seal, and a mental preparation for running a business. You can choose from different types of business entities, such as sole proprietorship, partnership, or company. There are also many profitable and low-cost small business ideas in Bangladesh that you can explore.

Conclusion:

These are some of the best low investment small business ideas in Bangladesh that you can start in 2023 and beyond. These businesses have a good potential for growth and profit in the country. However, before you start any business, you need to do proper research, planning, and execution. You also need to comply with the legal and regulatory requirements of your business. You can also seek advice from experts or mentors who have experience in your chosen field. Starting a small business in Bangladesh can be challenging but rewarding if you have the passion, dedication, and perseverance to succeed. We wish you all the best in your entrepreneurial journey!