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15 Best Business Ideas In Alaska

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on September 8, 2022

Updated on November 12, 2022

15 Best Business Ideas In Alaska

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15 Best Business Ideas In Alaska

Northern lights, midnight sun, glaciers and national parks are among the tourist attractions that Alaska is known for. This northernmost state in the US is in recovery mode, with the leisure and hospitality industry projected to create more jobs and generate bigger revenue after suffering losses caused by the coronavirus pandemic. 

Now is a good time to start a business in Alaska, like opening a restaurant or a salon. Selling cakes, frozen food, and gift baskets might also work. Explore other business ideas in Alaska and begin your entrepreneurial journey now!

1. Fish Farm

How to start a fish farming business

The average American ate less than 20 pounds of fish and shellfish in 2019, a slight increase from the previous year but still below the recommended dietary allowance. The US Department of Agriculture’s Dietary Guidelines for Americans recommend that people eat two 4 oz servings of seafood each week, or 26 pounds per year. This presents an opportunity for fish farms to increase their output. If you’re looking to start a fish farm, you’re on the right track. 

A fish farm commercially breeds fish and seafood, usually for food. It’s important to prepare a substantial amount to find a suitable location, establish your fish pond, procure the required equipment, and find a reliable supplier of fingerlings. Of course, you’ll need to comply with licensing, zoning, and other regulations. It’s also to your advantage to scope out the market and draw up a plan on how to corner a share. With these in place, you’re on your way to launching a successful fish farm business.

2. Restaurant

How to start a restaurant business

So you’ve decided to start a restaurant business. Congratulations! Opening a restaurant is no easy task, but it can be very lucrative. The food service industry in the US is expected to bounce back from pandemic slump due to pent-up demand and generate $900 billion in sales in 2022. 

The pandemic, however, has reshaped the industry and many restaurant operators believe it would take a year or more before business conditions return to normal. But if you’re keeping track of the trends, you would establish a digital presence and work on offering delivery services before opening your doors.  

There are many other things to consider. First, it’s important to decide what type of restaurant you want to open. Do you want to serve classic American fare, or specialize in a certain cuisine? Do you want to do casual or fine dining? What about a family-style restaurant? Next, it’s a good idea to research the competition in your area and come up with a plan to set yourself apart. Starting a restaurant can be tough, but if you’re prepared for the challenges ahead, it can be an incredibly rewarding experience.

3. Car Wash

How to start a car wash business

Some people REALLY love their cars, and need to keep them looking beautiful in and out. That’s why the US is home to nearly 17,000 car washes and a growing $28 billion industry. With a decent-sized investment, you could start your own car wash business and make countless car owners beam with pride while making a good living. 

One crucial element will be location, as few people drive out of their way for a good car wash. So it’s important to find a location with ample space, steady vehicular traffic and easy access. Near malls and shopping centers, or alongside highway rest stops, are among the stronger options. Once you’ve nailed that down, you’ll need to invest in top-of-the-line car washing machines and fine-tune your knowledge of car detailing. Soon enough, you’ll be washing your way straight to the bank!

4. Fishing Charter

How to start a charter boat business

Are you an outdoorsy type who loves fishing? Have you ever thought about starting your own fishing charter business? It’s a lot of work, but it can be rewarding and a lot of fun, too. The US fishing boat charter market posted stable growth in the five years before the pandemic and surpassed $400 million in revenue in 2020. It is poised for growth as more Americans are traveling and spending money on recreational services. 

To start a fishing charter business, you need a boat and fishing supplies. But before you can take guests on a fishing trip, check out your state’s licensing requirements and be sure to comply with all regulations. Your success will depend on how you can effectively market your services. You can do this by creating ads, distributing flyers in your locale, and posting about your business on social media. It is also important to add value to your services and gain a competitive edge in the market.

5. Woodworking Shop

How to start a woodworking business

Are you good with wood? If so, this is a great time to get into the woodworking industry, which has seen steady growth in recent years and is expected to be worth nearly $5 billion globally by 2026. These days, people everywhere are interested in hand-crafted, artisanal goods, from wooden rocking chairs to homemade pies. 

You could start your own woodworking business from home for little investment and ride this wave of appreciation for sturdy, traditional products to serious success. Even if the trend slows down, high-quality furniture and other wooden items are always in strong demand.  

To get started, there are a few key steps you’ll need to take. First, you should get all the necessary tools and equipment, if you don’t already have them, and brush up on your woodworking with an online class or two. Next, you’ll need to decide what you’ll be making: furniture, figurines and chess sets, decorative plaques and custom wood pieces, or all of the above. The choice is yours, but as long as you choose wood and are willing to work hard, you should find your way to success.

6. Tutoring

How to start a tutoring business

Do you have an area of academic expertise? Maybe you’re great at math, deeply familiar with science, or obsessed with language and literature. Even if you’re not a subject expert, but simply good with children, now’s a great time to consider starting a tutoring business. 

The industry took a hit during the pandemic, but today many tutors are embracing virtual instruction and tutoring is expected to see steady growth in the years ahead. As a result, you’re now able to run a tutoring business almost entirely from home, all while helping children to learn and excel and making a good living.  

Starting a tutoring business is not terribly complicated. If you have teaching experience or some proof of your expertise, you mainly need a good computer and you can start offering your services on a variety of online platforms, like ClubZ or eTutorWorld. With a bit of marketing on social media, you should be able to attract a few clients and start building your tutoring empire.

7. Photography

How to start a photography business

Are you an amateur photographer who loves snapping great images? Photography in the US is an $11 billion industry expected to see steady growth in the coming years, so now would be a great time to stretch your entrepreneurial wings and give it a shot. You could start your photography business from home and give the world beautiful photos while also making a good living. 

A crucial step will be finding your photographic niche. There’s a wide array of subjects to choose from. You could focus on personal portraits, fashion and culture photography, news and celebrities, or travel, nature and wildlife. Assuming you already have a professional-level camera, you’ll just need some great editing software and to build a website showing off your portfolio and listing your prices and services. With a bit of talent and determination, you could be snapping your way to success in no time!

8. Frozen Food

How to start a frozen food business

Frozen foods are a growing $35 billion industry, and there’s no reason you can’t get a piece of the pie. Get it? Pies will likely be among the frozen foods you’ll offer as part of your business, along with cakes, ice cream, pizzas, sausages, and seafood. Or you might decide to focus on a single segment or market niche, such as healthy dinners. 

Either way, a crucial step to getting your frozen foods firm up and running will be ensuring you obtain all the necessary licenses and permits for a food business. The last thing you want is to wrack up hefty fines and possibly face being shut down for violations. 

One great advantage of a frozen foods business is that you can run the business almost entirely from your home. With delivery apps, the groceries will come straight to your door. You can cook up all your offerings in your kitchen before freezing them, lay out the full menu on your appealing website and finally ship your goods directly to customers. The hard part will be standing out from the competition, and that’s where the entrepreneur in you will need to make her mark.

9. Shipping Service

How to Start a Freight Forwarding Business

Are you looking for a new business idea? Why not start a shipping company? Shipping and logistics represent a trillion-dollar industry that’s experiencing steady growth. In addition, new opportunities are emerging as the shipping industry embraces new tech tools that allow for better monitoring and tracking and easier ordering. This, of course, hasn’t stopped the world from facing serious supply-chain issues during the pandemic. 

But you could launch your own shipping business, simplify the logistics and help companies and consumers get their goods more quickly while making a good living. You’ll need to decide which shipping options you’ll offer, such as three-day or express delivery, and small packages or commercial freight. You’ll also need to acquire all the relevant permits and licenses from the US Department of Transportation as well as local and potentially international authorities. 

But once you’ve made it through all the red tape, your shipping firm could be set for smooth sailing all the way to success. Just be sure to deliver!

10. Gift Basket Shop

How to start a gift basket business

One can never go wrong with a gift basket of wine, fruits, food, or flowers, whether it’s given to family, friends, or colleagues. It’s an excellent choice if you don’t know what the recipient likes or if you’re sending to multiple recipients. 

The versatility of gift baskets has kept demand high over the years, especially from the corporate sector. The US corporate gift market is predicted to cross $300 billion in revenue by 2024. If you’re an artistic entrepreneur, why don’t you grab this opportunity and start a gift basket business? It’s a great way to use your creativity and sell something that people will love.

Before you get started, it’s to your advantage if you choose a niche and craft your marketing strategy. Having a strong online presence is crucial to your success, so it’s a good idea to start developing your website and social media accounts as soon as you decide on your branding strategy. Of course, it’s important to make your business legally compliant so you need to work on your regulatory requirements as well.

11. Food Packaging

How to start a food packaging business

Americans with busy lifestyles don’t have the time to prepare their meals so they are consuming more packaged convenience foods like fast food, restaurant meals, and ready to eat foods from grocery stores. In fact, the US is a major consumer of packaged foods worldwide. This presents huge growth opportunities for the food packaging industry, a $300 billion global market anticipated to grow more than 40% by 2028. If you’re looking for a highly lucrative venture, then consider starting a food packaging business. 

First, you’ll need to invest in food packaging machines and find a suitable location for your business. Once you’ve complied with the legal requirements, it’s to your advantage to pick a niche market. Food packaging uses glass, paper and paperboard, wood, plastics, and metal. Paper and paperboard would be a wise choice because they’re recyclable and versatile. It’s important to come up with innovative packaging ideas to attract more customers in this competitive market. Keeping track of the latest trends while you prepare to launch your food packaging business will give you an edge.

12. Firewood

How to start a firewood business

Looking for a business idea that’s profitable and eco-friendly? Then look no further than starting a firewood business! Not only does this business allow you to help people stay warm in the winter, but it also gives you the opportunity to enjoy the outdoors and be environmentally responsible. Firewood is in-demand year-round, as people use it for heating in the colder months and for grilling out, campfires and bonfires in summer, and the industry has seen steady growth in recent years.  

Of course, you’ll need to live in the vicinity of a lot of trees. You’ll also need to plant a new tree for every adult tree you cut down, obtain the appropriate licenses, and have a reliable truck or car with a good-sized trailer and the right equipment, such as a chainsaw and ax. But with some hard work in the open air, the investment will soon be worth it, and you might even be able to build your own little firewood empire.

13. Videography

How to Start a Video Production Company

More than 8,000 job openings for film and video editors and camera operators are projected in the US each year through 2030, making this one of the fastest growing employment sectors. Globally, the massive film and video market is predicted to double by the end of this decade. If you have video production and editing skills, you might consider setting up a videography business. With the increasing use of videos in the digital marketing landscape, there will probably be no dearth of opportunities for you.

Starting a videography business is not easy, but it’s not impossible either. First, it’s important to develop your brand and come up with an attractive business name and logo. Next, you must invest in the right cutting edge equipment and keep yourself updated with the latest technologies. To promote your brand, you can set up social media accounts, make video samples and develop a website. Finally, tap into your creativity to propel your business to the top. Grab that opportunity to make a profit now!

14. Cake Making

How to start a cake business

Nearly six out of 10 Americans eat dessert after a meal at least once a week, and cakes are among the favorites. Cake consumption is growing steadily in the US despite the increasing preference for healthy food. Well, those with a sweet tooth always find an excuse to indulge in cakes. If you’re fond of baking and designing cakes, starting a cake business might be the perfect career choice for you. 

This type of business can be run from home so you can minimize your overhead cost. Once you’ve registered your business, you should find a reliable supplier of ingredients and supplies. Besides offering unique birthday cake designs, you might also want to introduce gluten-free and sugar-free cakes to cater to all kinds of customers. Keep yourself updated with the latest market trends and consider coming up with cakes in a box or tin can cakes. A cake business will require a lot of creativity, hard work and an effective marketing plan.

15. Cell Phone Repair

How to start a cell phone repair business

At least one smartphone screen breaks every second in the US, a cell phone repair company says. Not all Americans, however, can afford to toss their damaged smartphones, and buy a new one or upgrade. That’s why the cell phone repair industry has continued to thrive, earning around $4 billion a year. If you are skilled at fixing cell phones, this may be your chance to set up your own business.

Before you promote your services, it’s important that you decide what you’re going to offer. Will you be doing screen repair and replacement, battery replacement, or software-related repairs? Do you plan to set up a shop, or just work from home and promote your business online? You will find the answers to your questions as you research and assess the market. What’s important is that you are able to offer reliable and value-added services so you can quickly build up a loyal customer base.