Looking for small business ideas in Sri Lanka right? Yes, you are in the right article. Here we discuss some business opportunities with a brief discussion.
You have known, Sri Lanka is situated in the area of the Indian Ocean. The population is more than 21 million and the capital is Colombo. Tamil, English, and Sinhala are popular local language. Foreign investors like to start a business in Sri Lanka as maritime and air communication is better & one of the attractive countries for the tourists. The education level is much higher than in many countries.
As a new business thinker may think which business can be started there? In the beginning, small investors unlike investing more money rather than pay more time and hopefully better in the future.
Here is a list of preferred small business ideas that you can easily start in Sri Lanka:
- Online Marketing
- Fast food
- Cloth selling by online
- Homemade food
- Event Management
- Used goods selling
- Online library
- Mobile coffee shop
- Food court
- Fabrics selling
- Goods supply for construction
- Professional service
- Web site design
Online Marketing: For a startup, An online marketing is a good small business ideas in Sri Lanka. If you have limited cash, you can start this small business! You may learn online marketing and become an expert and build a team. Small office or from home business might be started. How to get the contract job? You can contact some product selling companies and service provider companies to make contract of online marketing.
SEO: Search Engine Optimization is another internet based small business that you can start in Sri Lanka. You might start SEO (Search Engine Optimization) business as the following ideas. It’s a very lucrative business IF you are good knowledge about this field. Do you know why top ten list appear in Google 1st page when search to find something? Why one comes at 1st, another one 2nd , 3rd …? Who check the 2nd page of Google to find anything by searching! Top 10 SEO standard lists will come at first page of Google.
Photographer: Photography is a good business idas for entrepreneurs in Sri Lanka. Different sorts of photography as the professional, non-professional, hobby of photography are noticeable. Nonprofessional may become a professional photographer easily. However, a good photographer is hired to take photos of a wedding ceremony and many parties. The reputation spread out to lots of people IF pictures are good and recommendable. You might start photography business in Srilanka easily.
Export/Import: In Sri Lanka, you might start Export/Import business. Export and/or import business started from what time is unknown! If some goods are produced a lot and become surplus end of year can think to be exported to other place or country where is the demand for those goods. Let, the garment is a good business in Sri Lanka. So, you can export garment goods to European countries.
Fast food: Food business in Srilanka is another small business ideas for a startup. Fast Food business can be a good idea. Ever body like food! Making food and taste of them are different countries to the country. Many people like Chinese, Italian, Indian and many more foods as their choice list. This food reaches food so, you can think about fast food that is cheaper and easier to make. Small shop or mobile shop is enough to start a fast food business. Sometimes well located space is not available and that case can consider mobile fast food shops.
Cloth selling by online: It’s a new business policy applied by the youngster. Most of the people, now a day, who is between 15 to 45 years old use the internet and obviously Facebook. So, send a message, promotion of your goods or services is easier on the internet. As such, you can sell clothes (T-Shirt, Women’s dress, Kid’s cloth, etc) by online. Even, you can start such a business from home. As home base small business ideas in Sri Lanka, you might start Cloth selling by online business as following ideas.
Homemade food: Nobody imagined before than homemade food can be sold commercially. You can sell Cake, Pitha, Dry Sweet, Chips, Samucha, Chatni, Bread, Biscuit, Potato Fry (French fry) and many more goods making at home and sell them in the market. Small investment and more profit. Target a market and appoint some young salesperson to sell them. As small business in Sri Lanka, you might start Homemade Food business as following ideas.
Event Management: A group of people or friends can start even management business. Before starting this business know the process and learn from a professional event management program or work in event Management Company for an experience. Many people work as part time to complete the program within time frame. Advertisement is the key to spread out your business information to other people. Firstly, start event management program within your relatives, friends, well wishers, neighbors as experience. So, you might start the Event Management business.
Used goods selling: It is another good small business in Sri Lanka. You may sell used goods like mobile, electric products, motorcycle etc and display products online or, at your shops. You can start the marketing of your goods by online or local daily newspaper advertisements. Therefore, small business ideas in Sri Lanka you might start Used Goods selling business as following ideas.
Online library: Online Library business has good business opportunities in Sri Lanka because it’s unique. You can find many books worms alive till now who seek new books to read. It’s a hobby. Knowledge comes from reading, watching and practical works. People like to collect information, earn knowledge from home reading books. Some people like romantic books, thrill books, adventure boobs, religious, historical books and many more types of books. You can upload books in your website and make members as many as possible.
Mobile coffee shop: Set up a coffee shop in population density area or business area or near sea beach. As it is movable and stand any place when needs. A mobile coffee shop is another good small business ideas in Sri Lanka. So, Start a Mobile Coffee Shop business and make more money!
Food court: Food business is profitable in any country. Start food business location selection is first job after then decoration, staffs, types of food and etc. As a small business, you might start Food Court business.
Fabrics selling: As garments business is at good position is Sri Lanka. Many fabrics selling small businesses have been established surrounding business area where garments are located. So, you may start fabrics business in commercial areas or near the area of the garment. As a small business, you might start fabrics Selling the business as following ideas.
Tourism: Sri Lanka is a tourist country. So the Tourism business in Sri Lanka has a good opportunity. Many foreign tourists and locals like to visit tourist spots including sea beach areas. You may offer a package of a tour in particular spots.Find information where foreign tourists like to visit most and make a package considering serving them. You may open a website and publish an offer and start SEO for online promotion because as a foreign tourist before arrival into Sri Lanka they search in Google to get information about tourist places and find if any lucrative package is available and a good guide can be given to them.
IT: Its expert people can start IT business instead of starting job with other company. Employee means you are dependent and employer mean you are independent. As comparison an employee after 5 years get a good remuneration and what is his/ her financial safety! As an employer after 5 years you can be a good businessman.
Your business is the future of your family. A child of an employee will become an employee mean same hard working and start from the beginning like a father. What about businessmen! Think. You might start the Information Technology business as following ideas.
Goods supply for construction: Sub-contract of goods supply for the construction contractor or directly goods supply to the construction companies.
Professional service: It is a talent business mean sale your idea and knowledge and earns money. Let, you are chartered accountant and have well knowledge on accounts can start accounts service or audit service for the corporate. Such, legal service, tax, HR, financial advisory and many more business might start as professional service in Sri Lanka. As small business ideas in Sri Lanka you might start Professional Service business as following ideas.
Gardening: Plantation and gardening are good business now a day. It can be started at your own useless land.
Web site design: It’s a growing business in Sri Lanka. If you are expert on web page design can start this business. Firstly, start developing to your nearest person’s web design and increase portfolio. You can open account in Freelancing.
Domain & Hosting: This is one of the good businesses if you can startup. Your primary investment capital might be US$ 1500. You have to have well knowledgeable on web domain and hosting systems. So, as small business, you might start the above businesses by low budget.
Related Articles: –
- guideline on how to register a company in Sri Lanka.
- Have look on steps of company registration in Sri Lanka.
- Check out what types of business licenses in Sri Lanka you have need.
- Foreign investors can setup limited liability company (LLC) in Sri Lanka.
- We have discussed here personal & corporate income tax return in Sri Lanka.
- Know about types of work permit in Sri Lanka.
Book us for business ideas advisory