Small towns have an equal chance of providing healthy returns and profits on your investment. And rural areas automatically add themselves to the list of places where a new business might prosper, based on the simple fact that such services are in short availability in those locations.
Keeping in mind the significant population that resides in small towns Nigeria and rural India, investing in business ventures can be a very profitable opportunity. The demand and supply, however, will have to be kept in mind while setting up camp.
1. Organic products_ The first thing that comes to our mind when we think of rural areas of India is usually a field or lush greens. Hence, it is natural that we think of producing organic materials as the first option for a business in a rural area.
Investing in a farm in a village somewhere is a natural and profitable venture. In addition to opening up a variety of options in the form of dairy products, poultry, honey, and fresh fruits and vegetables, a potential farm also provides you access to affordable labour, easy availability of resources, and expert staff, who are well-versed in the trade of farming and animal husbandry.
2. Beverages_ Primarily based on geographical suitability, this field of business requires a bit of technical know-how and lots of local expertise. But if you get it right, it could prove to be a potential goldmine. The world shall always need to sip on tea and coffee, and the many cafes that open up in big cities will always need an inexhaustive supply of raw material for their menus.
Investing in a tea field somewhere in the suburbs or villages of Assam, or starting a coffee plantation business in Karnataka might sound a bit far-fetched. But as is the case with all things, this decision can turn out to be a very rewarding business opportunity indeed, provided you are in the general vicinity and available on-hand in cases that require your attention. Rest assured, if you play your cards right, you can rake in quite a handsome return on your investment.
Confectionary and confetti. Irrelevant to the situation, wherever they go, they spread smiles. And a happy customer base is what every business wants, more than anything else. Most small towns and almost all villages are missing out on a good bakery. If you are unsure of the demand in your town, you can start one with a small initial investment and see how the locality reacts.