There are lots of different types of businesses in Bangladesh, which could offer you a good return on investment.
Agriculture is one of the most important sectors in Bangladesh, so if you’re interested in starting up a farming venture, then there are plenty of opportunities available.
Despite some setbacks, Bangladesh has seen wide improvement in most economic indicators in recent years. With its economy growing at an impressive pace, the country looks set to see further progress in the coming years.
According to the World Bank, Bangladesh’s Gross Domestic Product (GDP) growth rate is expected to reach 7.5% by 2020.
Furthermore, the service industry is also growing in Bangladesh. Therefore, there are various types of business opportunities here.
The Best Small Business Ideas in Bangladesh
Here is a list for starting low-cost business ideas in Bangladesh that have high-profit prospects:
Fast Food Shop
Bangladeshi food is delicious and there is a high demand for fast food in both the cities of Dhaka and Chittagong.
So, beginning a fast-paced restaurant may be an effective enterprise to begin in Bangladesh. The place has to be extremely strategic, which is either within the office locations or in popular residential places.
Maintain the standard and high quality of your fast foods very great. In addition, make certain timely and appropriate service.
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Start a Blog
A popular misconception about blogging is that it requires a lot of technical expertise. In reality, anyone who wants to start a website can do so without much difficulty.
Just follow these steps to get started:
- Find an appropriate domain name for your site.
- Choose a hosting service provider (we recommend Bluehost).
- Install WordPress on your new server.
- Create a username and password for your account.
- Set up your theme and plugins.6. Start posting!
Do Small Tasks Online
There are several online jobs that allow you to earn extra cash by doing something you enjoy. These include gigs at Fiverr or Upwork, or even taking surveys for companies.
- Making extra cash online by taking surveys has never been easier.
- If you want to earn free cash at home, then check out these top trusted PTC sites.
Dropshipping
Dropshippers are slowly gaining traction in Bangladesh. One of the most interesting aspects of this type of eCommerce store is that you don’t need to maintain inventory.
Read our step-by-step instructions for starting an online dropshipping store.
If you want to start a salon business in Bangladesh, here’s what you
Hairdressers are one of the fastest-growing industries in Bangladesh. They offer services to women and men from all social backgrounds.
If you have a love for beauty and health care, then start a beauty parlor business in Bangladesh. There is a wide range of beauty parlors in Dhaka. You could try opening one in places such as Sylhet, Chittagon, or Cox’ Bazar.
Make sure that you do not compromise on quality and perfection. Always keep in mind the importance of being perfect in this beauty business.
Coffee Shop
The number of people who drink tea or instant noodles at business meetings or social gatherings has decreased significantly in recent years. However, the number of people who drink espresso or cappuccino has increased considerably.
Because young people prefer coffee in Bangladesh, they think of it as a sign of globalization.
Given this current market situation, you might want to consider starting up a coffee shop business in Bangladesh. You could look at locations where there are already lots of people who need caffeine, like near offices or schools, or maybe even near hospitals.
Cosmetics Shop
Cosmetology is becoming increasingly popular in Bangladesh. Most women use some form of cosmetic products. With a huge population like Bangladesh’s, this is a demand for large quantities.
Now you can see why a beauty salon is such a great small business to start in Bangladesh. You can make money by selling both local and foreign brands of makeup and skin care products.
You can also go online and offer your services through an eCommerce website.
Start a garment business in Bangladesh
Bangladesh is one of the world’s largest exporters of clothing, which contributes a lot to the economy. It has both readymade garments and the textile industry, which together account for a large portion of the GDP.
That is why; the garment industry is one of the most profitable industries in Bangladesh. You can learn more about the garment industry by taking a course on fashion design.
Apart from a clothing shop, you can also run a business of fabric, thread, buttons, zips, pins, needles, etc needed for making clothes. You can also do so online.
Furniture Shop
Furnished homes and apartments are now built by Bangladeshi builders who are looking for wood.
Furniture is made of wood, metal, plastic, leather, fabric, glass, stone, and so forth.
They are used to decorate our homes, offices, hotels, restaurants, shops, hospitals, schools, factories, shopping malls, banks, airports, railway stations, bus terminals, government buildings, military barracks, and so forth.
In short, they are everywhere. Furniture is manufactured in various sizes, shapes, designs, colors, materials, textures, patterns, and finishes.
Professional Services (Training & Consulting)
There are numerous professional service providers in Bangladesh. The demand for their services is growing as the country advances economically.
If you’re professionally qualified, then you can consider starting up a financial consultancy, an HR consultancy, a training company, an audit service, risk management, engineering services, etc.
Apart from that, there are two options: You can either train yourself at home or get trained by an expert. For the latter option, you could choose one of the following: A business consultant who works remotely, a local trainer, or an online course provider.
Virtual Trade
As the popularity of online shopping increases, so too does the demand for virtual traders. If you’re willing to put in the effort, this could be a lucrative business idea in Bangladesh.
You can purchase goods from regions where production is high and costs are low and sell them at places where the costs are higher. This trade can be done on things like grains, cattle, pork, meat, etc.
Make sure you pay attention to the rates and sell them at the correct rate to make money. You can do this work from your house too.
Photography
The large population of Bangladeshi people needs different types of images for their various purposes.
Photography is one of the oldest forms of art. In ancient times, people used photography to create portraits of their loved ones. With the advancement in technology, we are able to make better-quality photographs today.
People who love taking pictures are known as “photographers”. They take photos of various things such as landscapes, buildings, food, flowers, pets, and so on.
These days, photography is also being used as an advertising tool. Businesses hire professional photographers to promote themselves online.
Recommended read: Highly profitable photography business ideas
Security Agency
Security needs vary from big to small office buildings, apartment complexes, and other important locations in Bangladesh. There is a demand for private guards who can handle any kind of problem.
It’s a good idea to open a private detective agency in Bangladesh. You need to teach your staff how to deal with different types of cases.
You can start by advertising locally first. This will help to get the ball rolling. Then, you’ll need to advertise via newspapers, magazines, websites, social media, television, and so forth.
There are several types of tourism business opportunities available in Bangladesh.
Bangladesh is a beautiful land full of natural beauty, including mangroves, mountains, lakes, rivers, and archaeological sites.
It has three UNESCO World Heritage Sites: the Sundarbans Mangroves Forests, the ruins at Paharpur (a Buddhist vihara), and the historic mosque in Paharpur.
That is why; travel is a good business idea for Bangladesh. You can offer customized or conducted tours to the visitors including hotel bookings, transport or air tickets, etc.
You can promote and take bookings for your tourist services online.
Student Counseling
The number of educated individuals in Bangladesh has increased, but their level of education is not adequate enough for them to be employed in national or international scenarios.
If you’re skilled and educated enough, then you can consider starting a career counseling business that’s much needed in Bangladesh.
Electronic Product Shop
As the demand for electricity and electronics grows worldwide, so too has the need for them in Bangladesh.
So, if you’re looking for a new business idea, an e-commerce store might be a good one. You could sell a wide range of electronics including TVs, refrigerators, microwaves, air conditioners, washing machines, computers, laptops, and even smartphones.
You can choose the store of renowned companies. Chopping out a good shopping mall for your shop is crucial for success in this business
E-Commerce
Online shopping has been growing rapidly in Bangladesh. With better accessibility and more people using the web, online shopping is becoming a viable option for entrepreneurs.
Online shopping has become one of the most promising business ideas for entrepreneurs in Bangladesh. You can start an online store selling goods from anywhere in the world.
You can also sell products online using an e-commerce site. However, you need to be familiar with the platform very well.
YouTube Channel
You can create your own YouTube channel and promote your products or services. Many Bangladeshi vloggers are very popular on YouTube. If you want to become a successful YouTuber follow these steps.
Social Media Manager
Nowadays, there are lots of people who earn their living by managing social networks. They can do so from anywhere in the world.
Recommended read: How to be a freelance social media marketer
Courier Service
Despite the growth of online communication tools, there are some documents and items that need to be sent via courier services for prompt and trouble-free delivery.
Bangladesh also has a huge demand for courier services. Thus, you can start your own courier company here. There are many things that you should consider before starting such a company.
First, you must find out whether you can run a successful courier company without any help. Second, you need to decide where you would establish your company. Third, you need to ensure that you have enough capital to get started.
Fourth, you must make sure that you know how to market your services effectively. Finally, you must check if you have the skills needed to run a successful courier company.
A bookstore is an excellent place for people who want to learn
Bangladeshi people are book lovers. They often read lots of different types of literature and they buy them regularly. This is why you should consider the book shop as a profitable business idea for Bangladesh.
There are both text and non-text e-book formats, which you can sell at your store and get a good margin; you can also sell them online for the convenience of buyers.
If you’re technologically adept enough, you can create an app and provide a cheaper alternative for buyers as well as earn from advertising.
Read: How to create an online store
Mobile & Mobile Accessories – You may be surprised at
As the number of people using mobiles and smartphones increases in Bangladesh, there is an increase in the need for mobile phone shops. So, you can open a mobile phone store in Bangladesh.
You can advertise your store online. For added convenience, you can stock mobile accessories like chargers and headphones, along with a separate area for mobile repair. Your customers will increase, along with your profits.
Used Goods Sale
This business has high demand in Bangladesh like in many parts of the world. It offers a wide variety of products from electronics to furniture and more.
You can purchase goods at a lower price from wholesalers, fix them if they need fixing, and then resell them. Or you can create your own eCommerce store where you can advertise for free and then use an online platform to ship the products to buyers.
Super Shop
Middle-income consumers in urban Bangladesh are increasingly demanding convenience stores.
In recent years, the demand for quality fake products has increased significantly. As a result, this has made it possible for people who do not possess any skills in the field of manufacturing to start their own businesses.
One such example is the production of fake products. Fake products can be easily produced if one knows how to make them.
However, the process of producing these items requires a lot of investment, so only those who are willing to take risks should attempt this venture.
Toy Shop
Until 2010, most Bangladeshi toys were imported from China. Now, however, the local Bangladeshi manufacturers produce a wide variety of toys.
You need to choose an appropriate place where parents have the ability to afford toys for their children. Try to make your store look appealing and advertise through various means.
Coaching and spoken English classes
There is a huge demand for quality guidance and grooming of students in Bangladesh. If you have an excellent academic background along with flawless pronunciation, you could consider starting a private tutoring center at home and then gradually renting out rooms for the teaching center and appointing other teachers as and when needed.
Agro-Based Business Ideas in Bangladesh
Poultry Eggs
The chicken farm is an old concept in Bangladesh. It still has high demands and good profits. So, this is the best investment opportunity in the agricultural nation of Bangladesh.
You should pick a suitable location, a good breed of chickens, their feed, and proper care. But you must have good training and knowledge before beginning the project.
Poultry Broiler
Like any other nation, Bangladesh has a good demand for chickens. This is an extremely profitable venture for you. You need to select a quiet location, high-yielding varieties of chickens, suitable housing, feeding systems, and transportation facilities.
Fishery
Bangladesh is a landlocked country located between India and Myanmar. With an estimated population of about 160 million people, it is the world’s fourth largest nation.
The capital city Dhaka is home to nearly 20% of the total population. Agriculture is one of the mainstays of the economy, accounting for around 60% of GDP. Rice, jute, tea, tobacco, vegetables, fruits, spices, and timber are among the major agricultural products.
A pond should be constructed only after taking into account the local climatic conditions. Selecting the right kind of water is also very important. You must take care of the temperature, pH level, hardness, and depth of the water.
Do not forget to check whether any harmful chemicals are present in the area where you plan to build the pond. These factors will help you decide the size of the pond.
Duck Farming
Duck’s Eggs are very popular in Bangladesh. They are considered one of the best products in the country. In Bangladesh, duck farming is a profitable industry.
To start your own duck farm, you should have a pond or any large water pool. After selecting the breed, feeding, sheltering, and proper management of diseases, you can start your own duck farm.
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