Looking for best small business ideas Indonesia? We are going to list some of the best startup ideas in Indonesia which you can consider in 2020.
Best Small Business Ideas in Indonesia
1# Furniture Factory
Other country’s source of furniture is from Indonesia. Indonesia’s furniture export raises of 10.53 percent.
You can start a furniture factory and sell furniture like sofas, chairs, tables, etc. to other countries or either start repairing broken furniture and remodel them as new furniture.
2# Insurance Business
Indonesia has the most profitable market for the insurance business. It is the fastest-growing market for life insurance and accounts for two-thirds of the sector.
Motor insurance increases at a CAGR of 5.3%. Insurance business can be set up and can provide different services of medical and non-medical coverage, business insurance, motor vehicle insurance, etc.
3# Food Carts
Opening an eating place is a tough task, however, one can open a food cart and its miles less complicated to set up.
The food cart fees are around $1800 to $20000. A dish that isn’t always available in Indonesia is a good option to keep on the menu. In this manner, the sales may be increased.
4# ISP Provider
As the internet is booming, one can become an internet service provider. Combine a package of internet and cable TV cost around $40/month.
As fast internet is the requirement in Indonesia, you can consider that factor and can make a lot of money through providing this service.
5# Clothing Line
Clothes can be modern and traditional. US$6,771m in 2020 is the revenue of the fashion segment in Indonesia.
You can start a clothing line business in Indonesia. You can provide Kaftans, which is a local dress of Indonesian people. But for this business, you must need a business plan.
Many people visit Indonesia regularly either for business purposes or tourism purposes. US$4,264m in 2020 is the revenue calculated for hotel segments.
One can open his or her own hotel and provide accommodation to these visitors. The hotel business is always a profitable one.
You can also give other facilities like a gym, food, events arrangement by hotel, transport, etc.
It is one of the best small business ideas in Indonesia. People start new businesses every year and they obviously need services of bookkeepers. If you hire services through a website then you can get 40 to 50% off on the original price.
If you have knowledge of accountancy, then you can easily enter this business with a large customer base. Bookkeepers prepare a balance sheet, income statements, etc.
8# Business Consultant
Many small business ideas are coming to Indonesia. Good business consultancies will have a 90% repeat client rate.
Therefore, they require the services of a business consultant. You can open your own business consultancy and share your experience with new entrepreneurs.
9# Meat Processing
The meat processing business has a huge potential market. In Indonesia, you can start your own business of meat processing and packaging.
The cost you need is IDR 10 billion to start a small enterprise. All you need is meat processing equipment, capital, and some manpower.
10# Social Media Marketing
Indonesia has a massive social media audience. In Indonesia, an average person spends 3 hours and 26 minutes on social media.
So, one can enter this business by giving services like managing social media content, creating different content, etc.
Soon, we will share more more profitable business opportunities in Indonesia. So, keep visiting Startup Ideas.