Interested in starting a small business in Russia? Here are top ten best small business ideas in Russia which you can consider with small capital in 2021 and 2022.
So, let’s explore;
Best Small Business Ideas in Russia
1# Timber Business
There are many forests in Russia so there is an abundance of timber. Forest covers 50% of the land.
Timber production is 20% from Russia to other countries. One can enter this business and through the use of timber, we can sell furniture for homes and offices.
2# Butcher Shop
In Russia, the butcher shop is a high demand and profitable business. US$416m is the meat exports cost. To operate a butcher shop in Russia, you need approval from the government and a license.
3# Seafood Business
Seafood business is one that will never fail in Russia. Russia covers three oceans that are the Pacific, Atlantic, and Arctic so it has a huge seafood resource.
Russia’s fish market shows a growth rate of 5% annually. You can start with a limited budget to open a seafood business.
4# Clothes And Accessories
This business is always considered as a flourishing business in Russia. US$6,515m in 2020 is the revenue of the fashion segment in Russia.
One can enter this business by not only selling clothes but accessories also. Like bags, shoes, caps, perfumes, etc. One can also sell winter clothes because Russia is the coldest country.
5# Bakery Business
One of the best small businesses today is the bakery in Russia. Around 74% of people in Russia consumes bakery products.
One can open a bakery business where you can sell bread, biscuits, etc. You must adapt to the taste of local Russians and provide them something tasty.
6# Tourism Business
Russia is a gifted land with beautiful sites and locations. It is a growing branch with tourists who spent 3,200 rubles a day.
You can come up with the tourist business with proper planning. One can earn bread and butter by arranging tours for tourists, guiding them throughout the journey, booking hotels and ticketing.
7# Gift Shop
Russia is famous for glass, crystals, arts, and crafts, etc. The gift item’s costs can range from $50 to $500.
With a limited investment, you can open a gift shop in Russia. The gift shop includes items for birthdays, weddings, parties, decoration items, etc.
8# Farming Business
The farming business has potential growth in Russia. 1,237,294 square kilometers is the total cultivated land.
You can choose any farming-related business with the help of the government. You can open poultry farms, cultivate crops, etc.
9# Language Translation Services
After English, Russian is considered as the most used language. One can cost about $45.00 per hour. You can open a language translation company.
It is a high demand business in Russia. You must learn more languages like Spanish, Chinese, Portuguese, French, in order to run this business.
10# Open A Juice Shop
Juices are liked by almost everybody. Juices in Russia cost around 70-90 Rubles per liter.
You can open a juice shop in Russia and can provide different juices to customers made of different fruits. They can be made from fresh fruits and vegetables as well.
11# Open a Sports Goods Shop
Russians are crazy for playing sports, especially football. They like the games like hockey, ice hockey, football, baseball, volleyball, basketball, badminton, skeating, wrestling, boxing, etc. There is a history of winning medals by the Russians in the Olympic games.
Opening a sports goods shop is a profitable business idea in Russia.
12# Organizing Foot Ball Matches
Organizing Foot Ball matches is a wonderful startup idea in Russia. The people of Russian are crazy for playing football. It is the most popular game among the Russian people. Men and women both like to play this game.
You can set up a football club and start organizing football matches among different teams in the different cities of Russia.
You can earn handsome revenue from this game organizational business.
13# Selling Art Work
Selling artwork is a unique and profitable idea in Russia. You can set up a small shop of artwork which can be run without investment. You can execute a contract with some artist and sell his artworks at your shop on a commission basis.
Luckily, if you are yourself an artist, you can run this business with a greater return on your artistic talent and hard work.
14# Face-Painting
If you like to paint and have some talen and qualities of painting too, you can start a very low budget and a profitable small business like face painting. You can access different parties and events for attracting customers. It is an art and fun. Young boys, girls, and kids are very fond of having their faces well painted especial on events.
Face painting is a popular fashion in Russia.
15# Consignment Shop
Opening a Consignment Shop is another profitable idea in Russia. When you bring some fairly used items like shoes, books, furniture, electronics, etc., in a consignment shop, your item is evaluated. If it is accepted by the shopkeeper, it is put on sale at a giveaway price. When the item is sold out, you are bound to pay an agreed commission to the shopkeeper.
You can open this exciting type of shop in any city of Russia where people who want to dispose of their household things would themselves contact you and offer different items to put on sale on your shop for an after-sale commission to you.
16# Educational Consultancy
You can start an ‘Educational Consultancy Service’ with an even a low budget. All you have to do is to offer your online services for arranging admission in the different Russian Universities and Colleges etc.
International Students from different countries will contact you and you will guide and support them for taking admission in different disciplines like medical, engineering, business administration, etc. in different educational institutions of Russia.
For the last two decades, there is a global trend in students for study abroad. You can cash this trend by showcasing and deploying your experience and knowledge related to this exciting field of educational uplift.
17# Insurance Agent
Working as an Insurance Agent is a wonderful job that involves nominal expenses arising mainly from your traveling. If you are a hard and willing worker and have the ability to establish your point, you can earn as much as a CEO of a Company does.
The insurance business has a wider scope of income. It may prove quite a profitable business in Russia.
18# Mobile Mechanic Business
If you do not afford to acquire a regular vehicle workshop and bear its allied expenses, you can exercise a low investment option to earn money by working as a ‘Mobile Mechanic’.
If you are equipped with proper knowledge and expertise, all you have to do for starting this profitable business is to arrange the valid tools and a vehicle for convenient mobility for providing service to the people who need to get some fault fixed or get repaired their vehicle in their house, office, business point or on the road.
You may perhaps also have to get some authorization to start this business from the authorities concerned.
In Russia where every hook and corner of the country is teeming with all types of vehicles, have the door quite open for starting this business that has great earning potential, indeed.
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