For the Budding Entrepreneur: Four Business Ideas in Victoria

It is an open entrepreneurial season in Australia. The economy is stable, the landscape is open and the market keeps an open mind about new businesses.

According to the Australian Bureau of Statistics, the country has over 2.1 million businesses in operation in the period between 2014 and 2015. And the numbers of newly opened businesses continue to rise. If you’re thinking of opening a new business in Victoria this year, here are some entrepreneurial ideas you can check out.

Accommodations

Based on figures from the Victoria State Government, 2.6 million international tourists visited in the year ending September 2016.  During the same people, these people spent a collective $6.7 billion.

As more people visit the Australian state, the demand for accommodation also increases. Do check out hotels and motels for sale to monetize on the tourism spike.

Task Outsourcing

Figures show that in 2011, there were over 2,500,000 people living in Victoria. Among them, 63 percent were employed full time while the other 35 percent had part-time employment. It is quite common for households to have two working parents. This means households are often in need of people who they can call to outsource some tasks such as gardening, home cleaning and even as simple as sending out a mail. Businesses who address the need for outsourced tasks are bound to become very successful.

Remote IT and Marketing Support

As more businesses open in Australia, the more they need the help of IT professionals to create websites and manage IT-related problems. This is already quite popular among freelancers, but brands often opt to work with companies who offer more than just IT help. A combination of IT and marketing services is always a hit with new and even old businesses.

Gourmet Treats

The success of Carman’s Fine Foods continues to be an inspiration for many Australian entrepreneurs. The company is not exporting its products to over 32 countries. If you’re into cooking, come up with a specialized product that you can sell online. Social media and e-commerce technologies have made it possible to homemakers to come sell products online even with a little know-how on how digital marketing works.

Whether you’re a seasoned entrepreneur or a budding businessperson, the startup community in Victoria is also very helpful in guiding you towards entrepreneurship. More and more people are making the shift and there is no better time to make that jump than today and start building your empire.

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