Best 20 Small Business Ideas & Investment Opportunities in Indiana

Here is a List Profitable Business Ideas & Investment Opportunities For Indiana

Famous around the country for its manufacturing, Indiana boasts a sprawling export industry. Backed by business-friendly laws and stable economic environment, Indiana has a well-balanced setup for businesses. Several profitable small businesses operate in Indiana contributing to the growing economy of the state.

While the state leads in the manufacture of motor vehicles, auto parts, pharmaceuticals and multiple types of machinery, several businesses have evolved around the time. Here are some of the best small business ideas to start in Indiana from the comfort of your home with a little money.

Find Below Top 20 Business Ideas & Investment Opportunities with Small Investment in Indiana

1. Food Processing Business

The state is famous for its exports. You can acquire the raw materials in Indiana at a cheaper cost, manufacture it and then export processed food items to the other states and outside the country.

2. Digital Marketing Agency

A lot of small and medium scale companies have grown in the state in the last few years. These companies need digital marketing services related to SEO, online marketing, SMM, content marketing and more.

3. Fitness Center

A sizeable part of the population of Indiana is into fitness. Starting a fitness center or gym can stand out to be profitable if you can mix up weight training with regular yoga.

4. Online Survey

If you are looking to make money from the comfort of your home, nothing can be better than online surveys. The sites offer you a sum for every survey you take online.

5. E-commerce Consultancy

Small companies around the state are trying to go online. As these manufacturers want to sell on the internet, you offer e-commerce consultancy services on how they can do things the right way.

6. Virtual Assistant

Organizations are looking for individuals who can offer services virtually. Select a time slot, and all you need is a laptop and a good internet connection to start working as a virtual assistant from your home.

7. Smartphone Repairing Shop

With numerous problems on smartphones, repairing shops are in huge demand. From LCD replacements to part repairs, a smartphone repairing shop can be an instant success.

8. Microbrewery

Starting a microbrewery in Indiana can turn out to be profitable if you work it the right way. You need to experiment with the flavors and find what the locals will prefer. You can also distribute your own craft beer to other bars as well.

9. Furniture Shop

You can either start as an offline seller or online furniture store or even as a consignment furniture store business. Try to go with the designs which are in trend.

10. Farming

Being the fifth largest corn producing state, Indiana has some of the top growing crops. You can start your small farming business and export your products to other states.

11. Daycare Services

The daycare services primarily include taking care of young children at their homes or at a center-based facility. You need to obtain a licence from the government before starting a daycare service.

12. Cleaning Services

Offering specialized cleaning services can do good in Indiana. You can provide specific services to individuals and businesses. You have to market your services to residential premises as well.

13. Social Media Agency

Companies around Indiana are looking for good agencies providing good social media services. You can start an agency offering specialised social media services to small and medium scale companies.

14. Travel Agency

The state has a good number of tourists traveling to and from Indiana. As a travel agent, you can offer flight tickets, package tours, hotels, activities and a host of other added benefits.

15. Consignment Shop

You can start a retail store which can specialize in consignment products. Consignment products can be of a huge variety, and you will only have to pay a commission when a product is sold.

16. Bed and Breakfast

Tourists in the state often look for affordable places to stay. Starting a bed and breakfast business can be quite profitable in Indiana. Register your place on AirBnB for faster bookings and attractive prices.

17. Catering Business

With relatively low costs involved, starting a catering business offers you an opportunity to work independently. You need to a few cooks, servers and utensils to kickstart your business.

18. Cake Shop

The state is famous for its custom bakery shops. Either you can operate from home or can start your own commercial place specializing in bakery items.

19. Gift Basket Business

If you are someone who is good at picking up gifts, you can start your gift basket from home. You need to pick up the right set of items and offer them in a very presentable way.

20. Advertising Agency

Companies in Indiana are growing at a rapid rate. As the competition is growing, companies are investing more on advertising to grab higher market share opening up a wide scope for new advertising agencies.

Best Places To Start A Business In Indiana

Choosing the right location is going to determine how your business runs. Here are some of the best places in Indiana to start your business:

Indianapolis
Carmel
Fishers
Zionsville
Munster
Bloomington
Evansville

How To Register Your Business In Indiana?

Follow the given steps to legally register your business in Indiana:

Step 1. Choose your idea from the above relative business ideas specific for Indiana.

Step 2. Select, analyze and arrange your finances accordingly.

Step 3. Work on a business plan.

Step 4. Register your business (preferably as an LLC).

Step 5. Apply for Federal EIN.

Step 6. Get your business insurance and set up your accounting method for business.

Step 7. Plan your marketing and sales strategy.

Step 8. Choose an agency to start promoting your business.

If you are looking forward to starting a business in Indiana, local government and private entities are more than willing to support you. We hope these list of business ideas will inspire future entrepreneurs in the state of Indiana in the United States.