2018 is going to be the year of social enterprises and entrepreneurship. More and more people are realizing their potential and opening up their own business. Social entrepreneurship or social businesses are the ones that are doing trade and maximizing their profits but in the meantime, our society also benefits.
Social enterprise is a dynamic, ethical and more sustainable way of doing business. Social enterprises are innovative, independent businesses that exist to deliver a specific social and environmental mission. So if you are looking for some social business ideas, you are at the right place. Below we have comprised a list of most innovative and profitable social enterprise ideas.
1: Social supermarket
You can open up a supermarket that offers goods at discounted rates. Needy people can buy their desired products and you as well as society will profit as malnutrition is also a big factor of our society.
2: Used textbooks for social change
Arrange meetings with student groups of various colleges and universities and ask them to donate their books at the end of each semester. It will be a great entrepreneurship idea that our society will benefit greatly from. You can also employ students to help in collecting and distributing books.
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3: Online socially conscious marketplace
Another awesome idea of creating a social enterprise will be creating a platform for people that want to sell their handicrafts e.g. handmade arts and crafts, handmade carpets and shawls etc but do not have a proper channel to do so. By providing them a platform to meet buyers you are also enabling them and fulfilling the role of entrepreneur.
Just like you, many people are looking for starting their own businesses but they do not have enough resources and capital to do so. You can create a platform where organizations and individuals can lend loans to people who are willing to start their own entrepreneurship. You can collect a small fee on each loan.
5: Baking/cooking for social cause
Start a business where you can use your skills at best. With the help of volunteers and people that are willing to lend a hand, start community kitchens where homeless, needy or poor people can eat in very subsidized rates.
6: Efficient wood stoves for developing countries
The majority of women in developing countries suffer from cardiopulmonary diseases due to breathing into the wood fire stoves. Manufacture some cost-effective and efficient stoves and sell them at a profit to normal people and provide these stoves at subsidized rates to those who cannot afford them.
7: Innovative information products
Countries that are underdeveloped and are still going through the phase of development have very low literacy rate. You can arrange to manufacture some blankets that have instructions for infant care and distribute at a very low cost.
8: Micro power generation
How about providing some alternative power generation options that can produce electricity at very low rates. Power can be produced by using biomass and waste products. The electricity manufactured by these means came be used to provide power to classrooms and hospitals.
9: Socially conscious consumer electronics
Build a user-friendly electronic device that is one of its kinds. Your production should be innovative and made from the conflict-free material. You may provide these products at less than market rate so people can benefit from it.
10: Beauty products
This is a cool idea. You can partner up with different beauty brands to send their products to an online retailer. You should be able to convince them to provide you those products at wholesale rates. The profits generated from the sale of beauty products can be used in the welfare of society.
11: A marketplace for social good
Create a virtual marketplace where you can buy goods directly from manufacturers and sell them to the buyers without all the extra cost of the middle man. People can buy from that platform and avoid paying all the extra charges.
12: Exercise equipment for social outreach
Sell exercise equipment that is easy to use and affordable. Promote them as an alternative to getting a gym membership that in the long run costs much more. This may inspire more people to lean towards a healthier lifestyle.
13: Educational Travel Company
Create a virtual travel company where people who wish to travel and want to get some information can sign up with very minimal fee. Other members can share their travel experiences their concerns and recommendations.
14: Micro-giving for easy philanthropy
Convince manufacturers and buyers to give away a small share of charity every time they make a sale. For example, every time a baker makes a sale of above 500 ask them to donate 50 rupees for social welfare.
15: Social products and employment
Acquire some social products at low cost, for example, cooking stoves, groceries, clothes. Employ some people to sell them for you. It is a direct market selling approach.