If you’re an aspiring entrepreneur who wants to start your own small business in Singapore, here are the 11 business opportunities you can start with little capital and minimal time.
1. Healthcare products
Have you ever been to any parts in Singapore? If you’ve been to Singapore, you were probably surprised by the number of pharmacies in this area. If you ever walked into one of those pharmacies, you’d discover most of the customers speaking in English (Note: Singapore locals speak Malay).
So why do mainland Chinese people buy daily health-care products from Singapore? The reason is simple. Mainland Chinese don’t trust their local health care products. They want to use products made in Singapore or Western countries, so setting up an online health care store today can be a smart option!
2. Online Tutoring
Have you ever thought of online tutoring? In Singapore, some teachers are so popular that students will pay and sit for video-recorded classes at tutorial schools. It shows that education need not be in person anymore.
You can teach Chinese, English, Mathematics, any other subject online now. While talented teachers have no specific nationality, ask yourself if you’d rather learn Italian from a British national or a native Italian speaker?
Moreover, you can also become yoga teacher training, cake decorating, candy making, cooking, dancing, flower arranging, jewelry making, kids crafts, painting, photography, furniture restoration, gardening, anything you can think of. All you need is just a computer and a stable internet connection.
3. Security Company / Virtual Security
Due to the shortage of land, most people live in apartment flats in Singapore. These flats usually have 24-hour security to protect the safety of residents and their properties.
In fact, most of these guards have already reached their retirement age. The younger generation is also reluctant to join the industry due to long working hours. However, progress waits for no man.
Infrastructures and buildings are still continuing to be built in the coming years. There will be a severe shortage of human resources in the security field.
Launching a virtual security company could be an excellent idea to solve this issue. For example, you can help install security alarm systems, camera, glass break detectors, smoke detectors, thermostat, and temperature detectors.
4. Translation Company / Virtual Translator
There are many translation programs online. However, when it comes to important official documents, people still need a human translator.
With the growing global community, there are more chances to deal with people from different countries and backgrounds for business. It’s not easy to look for a translator in a short time while business opportunities can always be time sensitive.
A virtual translator can serve customers 24/7. You can join teleconference from home, on your computer, and get paid for it.
If you’re the proactive type, you can even approach business owners to offer your service. Many websites only have Chinese or English versions in Singapore.
Therefore, you can provide translation service to company websites in order to expand their customer base and create win-win business opportunities.
5. Online Food Store/ Homemade products/ Eco-friendly products
Singapore is a fast-paced city. People are busy, and some don’t even have the time to buy groceries from the supermarket. Because of this, supermarkets set up online stores. However, almost every shop sells the same products.
If you have some homemade brands or snacks which you like, you can promote it via your online platform. You do not need much stock to start. All you need is a good website or mobile application.
Moreover, Singapore people have more awareness of environment protection these days. More young people are supporting eco-friendly products.
For example, recycled handle toothbrush, LED Bulbs, ecoflow low-flow shower head, compostable cutlery (forks, spoons, knives, and tasters), reusable shopping bags, recycled toilet tissue, stainless steel drink bottles, stainless steel straws, or clothes made from recycled fabric.
You can sell all these products online and ship to your Singapore customers.
6. Fitness Boot Camps
Everyone cares about healthy living and the fitness industry is booming in Singapore today. However, getting a monthly gym membership seems to be dull.
Many times, people agree to pay much money in the name of wellbeing. After the first month, they don’t feel as determined, or they have a whole packed schedule that they may want to skip it.
However, there are many options out there other than the gym when people wish to more directions when exercising.
Starting fitness boot camps business can offer people the incentive to continue working out by giving them a support structure, and the set-up won’t burn a hole in their wallet! You can make use of parks and outdoor locations to keep your cost low.
At the same time, it ensures flexibility to your clients. All you need to start a group like this is a Facebook page or a website business page
7. Errand Services
We now live in the era of “on-demand.” Residents in Singapore are often so consumed with their jobs that they have trouble finding time to take care of personal errands. So errand services can make their daily lives far easier.
Errand service is now a growing business in Singapore. People need professional help to transport goods or handle their to-do lists. If you have logistics experience, errand service is a good start.
8. Cleaning Service
In the fast-paced Singapore city, many families (both husband and wife) need to work to cover the household expenses.
Because of this, they often have no time for housekeeping, and full-time helpers are costly. Seeking part-time home helpers has become an ideal and cost-effective option.
The helpers can help them to tidy up their places, prepare some home food and take care of their babies for a couple of hours. Launching a cleaning service company can be a good idea but be careful to respect the labor law.
Thank you for reading. I hope the above passage gives you some ideas about the type of business you can start in Singapore. If you have any suggestions, feel free to share with us so we can share it in our next article.
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