Are you searching for lucrative small trading business ideas? If so, read this article and find the list of top profitable trading businesses which have high growth potential.
A trading company generally sell a wide variety of products of different brands to consumers, business houses and government-controlled companies. You can start a trading company of your own by purchasing products directly from multiple manufacturers or wholesalers and sell to end consumers or retailers. You can also start as an authorized trading partner for a particular company. Find below a list of top trading business product ideas which are potentially profitable if planned properly.
Here is a list of Top 10 Small Trading Business Ideas
1. Costume Jewelry
The costume jewelry market has grown significantly in recent times. The rapid urbanization and growing fashion consciousness are among the main key drivers for the growth of the costume jewelry market in the country. Check out our guide on how to start a costume jewelry business to learn more.
2. Decorative Scented Candles
Scented candles are used mostly for creating aromatic ambiance and in cases of reducing stress. The decorative scented candle market has grown substantially mainly because of the growth of the e-commerce industry in the country.
The popular eCommerce sites have made easier for both seller and buyer in selling and buying scented candles. As a result, the future of scented candle trading has huge growth potential in the country.
3. Green Tea
A study suggests the demand for green tea is growing at a rate of 17% per year. The reason for this growth largely lies in the growing health consciousness in most people in the country.
The health benefits of consuming green tea have also prompted the shift among consumers. If you are looking for a product which has a high-profit margin with growing market potential, green tea trading business is worth considering.
4. Herbal Personal Care
The herbal personal care products in the last few years have grown exponentially. There is still a huge scope for market expansion. Industry pundits predict the ayurvedic Market is poised to grow at a CAGR of more than 16.0% over the next decade.
Brands like Patanjali has successfully tapped the previously unexplored herbal personal care segment to good use. Starting a trading business in this segment is almost a certainty in the present market.
5. Leather Bags
The leather bag industry has shown significant growth in the domestic market in the last decade. More importantly, specialized retailers have dominated the market. There are plenty of items like purses, wallets, etc in the leather bag industry you can choose from for starting a leather bag trading business.
6. Mobile Accessories
Industry experts predict that the mobile accessories market is expected to grow over 10% in the coming five years. Some of the high demand products in this segment are phone cases, headphones & earphones, power banks, portable speakers and many more. There is a wide scope of making profits in the mobile accessory trading business at present.
7. Agrochemical & Pesticides
Most countries are primarily an agriculture-driven economy. The pesticide market is expected to grow at a CAGR more than 10 % in the coming five years. If you are living in semi-urban or rural area, starting agrochemical and pesticide trading business is worth considering.
8. Solar Products & Equipment
The government is encouraging the solar industry like never before. The solar power is considered the most viable alternative for power sources. There are many solar items like solar heater, solar led light, solar inverters, etc showing demand largely from rural areas in the country.
If you are from not so urban area, starting a trading business on solar products you might consider.
9. Automobile Accessories
The sell of cars and vehicles is on the rise in the country. The reason mainly is because of the growing aspiration of the middle class in the country for a better lifestyle. There are many items like auto spare parts, engine parts and mounts, tyres and tubes, gears and gear parts, etc which shows increasing demand.
If you are an automobile enthusiast and want to start your own business, starting a trading business on automobile accessories can fetch you good profits.
10. Computer Peripherals
The market is competitive and always evolving with newer technologies. But considering the huge growth volume of the domestic market, there is still a wide scope of making good money in computer peripheral trading business.