The best businesses to start in Melbourne
Melbourne is a unique and interesting city and a capital of the state of Victoria. It offers a mixture of modern architecture and old heritage buildings which tell the story of the history of Australia. This city attracts tourists from all over the country, and those who come from the other parts of the world rarely skip visiting Melbourne.
Melbourne is composed of many different residents – business people, students, the old and the young, and with lots of tourists on top of that. Many annual events and festivals are held in the city throughout the year. Also, hundreds of small scale public events are held as well, many of which are free. All this makes Melbourne a fertile ground for a variety of small business, and if you are considering starting a business in this city, here are some ideas what you can focus on.
Food and drink – although Melbourne has plenty of restaurants and eateries, it seems that there is always room for more. People in Melbourne, both locals and tourists, enjoy trying new dishes and innovative cuisine. If you have a creative idea and enough knowledge, you can start up a restaurant and become quite successful. You can also start up catering business or deliver food to the business people, which is also likely to be successful. The situation is similar with drinks. Melbourne is a centre of many vineyards, so a wine bar with local drinks could be a profitable business.
Entertainment – entertainment industry blooms in Melbourne due to many students, young people and tourists. Thus, there can be plenty of opportunities for starting a small business in this industry. You could start up a bar or a night club. Also, if you are a musician or a DJ, you could find great opportunities to work in bars and clubs which already exist.
Tourism – as mentioned earlier, Melbourne attracts tourist both from Australia and the rest of the word. If you know the city well enough and you have suitable education, you can be quite successful in the field of tourism. One of the options is to start a travel agency. You can also work as a tourist guide, or start an agency which will provide local guides for the tourists.
Transportation – since the city can be crowded at times, it can be a good solution to offer a motor pool service. It could help people spend less time in public transport and reach their destinations more quickly and more comfortably.
Fashion – both tourists and locals visit Melbourne to buy clothes. You can turn this into your advantage by starting up a business in the fashion industry. One of the suggestions is to open a retailer store and offer the buyers clothes on bargain prices. Another option is opening a fashion boutique or an outlet, where you can also sell on discount. Many Melbourne residents are label-conscious when it comes to clothes, so this type of boutique is likely to be successful.