Are you looking for Unique business ideas in Bangladesh, Online business ideas in Bangladesh, Small business ideas in Bangladesh, New business ideas?
Bangladesh is seeing a huge improvement in economic indicators recently. The future looks brighter for business ideas in Bangladesh. According to the World Economic Forum, the GDP growth rate of Bangladesh in 2020 is 8%. So, there are various types of business opportunities in our country.
This article will share with you the most profitable, easy and successful business ideas to start in 2024 that will help you start a real business.
Business Idea Bangladesh – 100 Unique Business Idea 2023
Profitable business idea 2024
20 Profitable Business ideas in Bangladesh 2024
Agribusiness
Fisheries: If you have enough space for fish farming, you can start a commercial fish farming business.
Poultry farm: Chicken farming is an old business in Bangladesh. So, it is a good business idea for the agricultural country of Bangladesh.
Vegetable cultivation: We eat all kinds of vegetables throughout the year. Therefore, there is a huge demand for different types of vegetables.
Fruit cultivation: As education and awareness progress, people eat more fruits. This may encourage you to adopt this business idea.
Milk farming: Demand for milk is high in our country. But the product is less satisfactory for many reasons. This can be your best opportunity to take advantage of this business plan and earn profits.
Online business
YouTube channel creation: YouTubeing is very popular in Bangladesh. Most people watch videos on YouTube.
E-commerce business: Ecommerce business is currently a popular and profitable business in Bangladesh. Creating an ecommerce site is pretty straightforward.
Affiliate Marketing: Affiliate marketing is now the most profitable business in Bangladesh. You cannot imagine how much an affiliate marketer earns in a month.
Blogging: Blogging is one of the most popular businesses. Anyone who likes to write can start blogging.
Freelancing Training Coaching: Due to the high unemployment rate in Bangladesh, the popularity of freelancing is increasing day by day. Upwork (Previous name Odesk and later added with Elance), Toptal, Freelancer, Guru, 99designs, People per hour are name of some freelancing websites.
14 steps to start freelancing career without any experience
Fashion House
Nowadays, fashion house business is a very viable business. Before starting a fashion house business you should do some planning.
Since Bangladesh is a garment exporter with a long experience of manufactured garments, starting a fashion house can be a good option for you. In our research we have seen fashion houses doing well. If you can design beautiful outfits like Punjabi, shirt, salwar kameez, three-piece, then you don’t have to look back.
To start it, you don’t need a huge amount of investment. You don’t even have to rent a place initially. Just create a Facebook page, share with your friends and sell.
Estimated initial investment:
30000-50000 rupees is enough
Estimated profit:
Around Rs.30000-70000 per month
20 Profitable Business ideas in Bangladesh 2024
Small coffee shops
The demand for coffee as a hot beverage for official meetings or leisure time has increased in recent years in Bangladesh. Youngsters also prefer coffee shops as their hangout zone. Considering this trend, you can think of a coffee shop business idea. Find a good location for your coffee shop such as near offices or parks, shopping malls or educational institutions such as colleges or universities.
Then can rent a small space for shop in a good location and start business.
Estimated initial investment:
25000-30000 Tk
Estimated profit:
Around 2000-30000 tk per month
Cosmetics shop
Cosmetics shop in Bangladesh is growing faster than any other business. Basically girls are the main customers of this business. About 35% to 40% or more can be earned from this business.
With minimal or no investment, you can start a cosmetics business. What to do? Just open a Facebook page, engage with customers and sell.
Initial Investment:
You can start this business with good investment. Moreover you can contact a cosmetics store to sell cosmetics products. You just sell the items and pay them. No investment required.
Estimated Profit: 50 thousand to 1 lakh tk
Tourism business
Tourism is a good business idea in our country. Many tourists come to different parts of the country. Most of them have no previous travel experience, so they have to take the help of a travel agency. You can offer customized or guided tour packages to those tourists which include hotel booking, train or air tickets, accommodation etc. You can start this business with less investment.
Initial Investment: 35000 BDT
Estimated Profit: 20000-30000 Tk
Toy shop
Toys are becoming very popular day by day. The toy market is growing. It is a very profitable business. Most of the toys come from China. China can make toys at a very cheap rate. So, if you import bulk orders, the average price will be lower. So, your profit will be higher.
One thing you must remember is that toys are only for children. So, you must analyze the market trends because bringing old fashioned toys will make your business fail.
Estimated Initial Investment: 30000-50000 Tk
Estimated Profit: 30000-40000 Tk
Gift shop
Gift shops are very popular shops these days. Everyone gives gifts to each other on special days. It is a profitable business but does not require huge investment. You can also do this business online if you want.
Estimated Initial Investment: 30000-50000 Tk
Estimated Profit: 30000-40000 Tk
Business of baby and mother products
Mobile banking is very popular in Bangladesh. All categories of people use mobile banking. Vikas, Rocket, Nagad, etc. are very popular. Billions of rupees are transacted daily through mobile banking. You can open a shop with all mobile banking services. Apart from mobile banking, you can sell SIM cards of all mobile operators, flexi loads which will increase profits. Starting this business is very easy and one can get satisfactory profit from this business.
Coaching business
Coaching business is one of the most profitable business in our country. As a private tutor is expensive so a quality coaching center is cost effective and beneficial for students. There are some popular coaching centers in our country like Udvash, Focus, Retina, UCC etc. They are doing very good business. As far as I know most of the coaching centers are for profit. The risk of failure in the coaching business is very low.
But before you start a coaching business, you must be sure
A good number of teachers
Classroom with good environment
An effective test system.
You can earn good income from coaching business.
Home made food
Homemade food has reasonable demand in Bangladesh market because homemade food is fresh and tastes good. Health conscious people want to eat homemade food. They are not interested in ready-made store food as it is mostly adulterated and unhealthy.
If you can cook a certain recipe well, be it any kind of pita, chutney, cake or food. If you can promote it in the right way and attract people then you can earn good income from this business.
Home-making moms can earn extra money by doing this smart business. Satisfy customers and earn profits in return.
Delivery Company
With the rise of online businesses, especially f-commerce, product delivery is a significant concern for the small business owner. There are many delivery companies in Dhaka city, but the number is less compared to its demand. So, this is an excellent business opportunity.
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If you want to survive in the delivery business, you must highlight competitors’ weaknesses and ensure that your company does not make those mistakes.
The product must be delivered on time.
Delivery charges should be reasonable
Of course the business owner needs to be paid on time
Must have good management
If you can confidently confirm the above, you will not lack customers. Because there are many small businesses on social media and every business owner has to deliver their products.
20 Profitable Business ideas in Bangladesh 2024
Stationery shop for students
Another small profitable business idea is a stationery shop for students. Currently, it is in a bit of a critical situation but it is definitely profitable for the business. If you want to start your business with very little investment, then you must think about this business idea. You can also start it locally and choose residential areas of schools, colleges and universities.
20 Profitable Business ideas in Bangladesh 2024
Tuition Media Agency
Every student needs a private tutor. But finding a good private tutor is very difficult. Even many parents do not know how to hire an excellent private tutor. Since hiring a private tutor is a problem for both the student and the parent, if you can solve this problem, it can turn into a good business.
How can you do it?
You can collect background information ie bio-data from interested tutors. When a parent knocks you for a tutor, you can check your database and call qualified tutors based on the parent’s requirements.
But how do you profit?
First, you can collect subscription fees from tutors and parents to access your service.
Second, you can take commission from tuition fees. It can be 20% or 30% of the salary after confirming the tuition or just getting the first month salary.
Photography
Photography can be good business in this 21st century. Wedding or almost every event needs good photos. He needs a good photographer.
You can open your business by running a free Facebook page. Upload your photos so that people like your work.
Initial Investment: A good camera is required. To buy it will cost like 50000 rupees.
Estimated Profit: 50000-75000 Tk
20 Profitable Business ideas in Bangladesh 2024
Flower shop
A flower symbolizes love and is enjoyed by all. It is the most profitable and low investment business. Flowers are in demand for any occasion, special day, wedding ceremony and party etc., so you can earn a good amount of money in a year by selling flowers. You must select the right location for the flower shop. You can also keep plastic flowers. It is in high demand for home decoration.
Estimated initial investment: 20000-30000 Tk
Estimated Profit: 40000-60000 Tk
Food delivery
Food delivery is basically a city based new business idea. You can do this online through business contracts. You can use delivery man to deliver food, lunch, dinner to their client’s home, office or workplace.
Initial Investment: Less than Tk 20000
Estimated Profit: 30000-60000 Tk
20 Profitable Business ideas in Bangladesh 2024
Event Manager
If you want to be an event planner then you have to organize all the events from small to big. The demand for this business is endless. There are many small to big events such as birthday parties, political functions, wedding functions, government functions, anniversaries etc. that you can organize.
Estimated initial investment: 50000
Estimated Profit: 50000-80000 Tk
Mobile and mobile accessories
With the increasing use of mobiles and smartphones in Bangladesh, the demand for mobile phone shops is high. So, you can start a mobile phone store.
You can advertise your store online. You can have mobile accessories like chargers, earphones, back covers etc. in your store, as well as a separate section for mobile repairs. As your customers grow, so do your profits.
Fast food shop business
This is the most favorite business idea among the young generation of Bangladesh. Everyone loves to eat and wants to taste different flavors in food. But you must invest a lot. If you give good taste and service, you can easily succeed in this business idea.
Most of the young entrepreneurs of Bangladesh are interested in this profitable business. The minimum investment in this business is around 5 lakh.
20 Profitable Business ideas in Bangladesh 2024
FAQs
How to get business ideas?
The easiest way to find business ideas is to identify problems. Every problem has a potential business opportunity if you can solve them through business. If you want to get a business idea, first identify the main problems and solve them with a business model.
Finding business ideas is not difficult. If you search on google you will find many new business ideas but if you don’t implement the ideas you won’t earn a single penny from thousands of business ideas.
What should be done before starting any business idea?
Before starting any business, one should think about whether the business can be expanded or whether the business can be scaled over time. If that cannot be done then the business cannot be transformed into a big business.
Another factor is the need for expertise in business. Some businesses can be run without skills, while some businesses cannot be run without skills.
If you want to scale your business quickly then you must ensure your business has an online presence. Studies have shown that online business grows rapidly. This is why you can earn good income from online business i.e. IT-related business.
From the above 20 profitable business ideas, we hope you can find your favorite 20 Profitable Business ideas in Bangladesh and start your business today.
