Looking for top small business ideas in Minnesota? Find here a list of best businesses to start with low startup investment.
Minnesota, an avid agrarian state has successfully transformed itself into a diverse economy over the years. Backed by some of the largest global conglomerates, Minnesota is now home to different businesses spread across multiple domains and sectors.
Businesses around agriculture have seen a rapid transformation through manufacturing, IT and finance.
Over the years, the internet and technology have opened up a new market for small businesses in Minnesota. If you wish to start a business at Minnesota from home, here’s a complete guide on how you can start a successful business in the state.
Here is a list of Top 20 Small Business Ideas in Minnesota
Here are some of the top business ideas in Minnesota you can start with small money.
Minnesota is now surrounded by several small companies. Businesses are now going digital and they need digital advertising services. You can start to offer online marketing in the state by offering customized campaigns, search engine marketing and more.
You can start a Minnesota-specific recruiting business to help companies find the right candidates. Different companies need qualified professionals, and you can help bridging up the gap between the right individuals and companies.
Tourism contributes billions of dollars to Minnesota’s economy annually via expenditures of visiting tourists. If you are near any tourist destination, starting a bed and breakfast business at your own home by listing it on Airbnb can be a very profitable venture.
4. Social Media Management
Businesses now depend on social media to generate lead and bring in more revenue. If you are someone who is addicted to social media, here’s a good opportunity for you to make money with it. You can specific social media marketing services like Facebook marketing, Instagram promotions and more.
Do you play some instrument? Well starting to teach what you know can fetch you good money. You can either opt to start an online class or offer offline one-on-one classes. There’s a huge demand for people who know to play specific instruments.
6. Packaging Design Business
Companies who sell some sort of product, do need their own packaging. As per a recent survey, attractive packaging accounts for 30 percent more sales compared to products which are not packaged well. You can offer designs and visual graphics to companies to be used for transportation, distribution, storage, resale, and use.
An online website on a sub-niche can bring in good revenue. You can produce online content on a separate topic for a specific section of readers. Start publishing content in the form of a magazine with special editorials and pieces. You can either charge your subscribers a monthly fee and sell advertisement space.
Minnesota is now a growing pad for new businesses. While the failure rate is growing at the same time, these companies need the right path and guidance. If you are professional, you can opt to offer business plans with the actual needs, requirements and well-detailed do’s and don’ts.
Minnesota is among one of the top-ranked tourist destinations in the United States. Travel agencies earn revenue through commissions. Consumers often choose agencies because they help cut down on time needed to research various locations and book accommodations.
Do you want to work from home? Companies often look for professionals who can work from home with a specified list of tasks, known as virtual assistants. You can work as a freelancer for a fixed time of the day which may range from daily task management to customer support to sales and more.
11. Flea Market Vendor
You can opt to work as a flea market vendor to sell items for cash. There’s substantial demand for flea market products in Minnesota. While you can sell anything, flea markets have a variety of different items on sale, starting from handcrafted jewelry to secondhand books.
If you have some year of working experience in a company or as an entrepreneur, you can start a business consultancy. There are a number of growing and upcoming businesses in the state. You can start to offer customized business plans online via Email or Skype.
13. Cleaning Service
While you may need some equipment, the business does not require any investment. You can use detergents and other stuff from your home to start a cleaning service business for free, and later buy specialized equipment with the profits.
14. Business Around Forestry
Forestry remains strong in Minnesota. The industry includes logging, pulpwood processing, and paper production. You can start a business around forest products manufacturing in the state. You may also choose to outsource and export such products outside the state or country.
15. Farm Stand
A great business idea in Minnesota, you can start a farm stand around fresh foods, vegetables or similar items. You can set up a farm stand where customers will be able to make purchases directly. The investment involved is low, and at the risk is very minimal.
16. Corn & Soybeans Farming
Minnesota is one of the largest producers of corn and soybeans in the United States. You may start to farm corn or soybean to sell them directly or start as a wholesaler. You may even start an exporting business to outsource corns or soybeans to other states or countries.
While you do your job, start selling something online. An e-commerce business offers you the ease to work in part-time. Either you can make the products, drop-ship them or buy in wholesale to start selling them online via platforms like Amazon or eBay.
18. Iron Ore Export
Minnesota produces over 75 percent of the country’s usable iron ore. While the business may involve a sizable investment, starting a plant around iron ore can be very profitable given the geography. You may even export iron ore to other states and counties.
19. Website Designer
You can learn to design websites online for free online. Often small companies need such website designing services online. You can start to work as a freelancer online to offer professional web designing services via UpWork and Fiverr.
20. SEO Consultant
If you know a bit of digital marketing, you can offer online SEO services in Minnesota. There are several small businesses operating in the state. You can help them with their keywords and online marketing. You will go through your client’s site to help them fix their SEO to improve their ranking and grow sales.
Choosing the right location is going to determine how your business runs. Here are some of the best places in Minnesota to start your business:
Minnesota’s economy has grown exponentially over the last few decades. Hope this list of small business ideas in Minnesota will help you in starting your business venture.