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12 Best Business Ideas In Idaho

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Published on September 16, 2022

Updated on September 16, 2022

12 Best Business Ideas In Idaho

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12 Best Business Ideas In Idaho

Known as the Gem State, Idaho is known for its precious stones. It has vast wilderness areas and scenic mountains that have lured many stressed out Americans from the big cities. The high in-migration rate is one of the reasons for Idaho’s economic boom despite the coronavirus pandemic. 

If you’re looking to cash in on this rapid growth, you might try starting a clothing, drink, or supplement business. A woodworking business also sounds good. We have listed other business ideas in Idaho below. Take a look!

1. Woodworking Shop

Woodworking

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.

2. Photobooth

Photobooth

After nearly being forgotten, photobooths are back in a big way! The market is expected to grow strongly in the years ahead and hit $1 billion in revenue by 2027. Keep in mind, these aren’t your grandfather’s photobooths, with the little curtain and four-photo black-and-white strip. Today’s photobooths offer a slew of technological advancements, as some come with touch screens, props, color printing, customizable backgrounds, and mobile hotspots to share photos on social media. 

These days, businesses are renting photobooths for corporate events, while consumers are renting them for weddings, birthday parties, proms, graduations and other major events. The possibilities are nearly endless, and the opportunity is vast. Getting started requires the purchase of an appealing, technologically advanced photobooth, which is a significant investment. The smart move is to look in your area and online for a used one at a reasonable rate. Once you’ve checked that box you’ll just need to get the word out and you’ll be snapping your way to serious success.

3. Crime Scene Cleanup

Crime Scene Cleanup
john vlahidis / Shutterstock.com

Crime scene cleanup is a serious and often underrated business. It can be messy and dangerous, but somebody has to do it. There were nearly eight homicides for every 100,000 people in the US in 2020, a 30% increase from the previous year. It was the highest annual increase in the US homicide rate since the September 11 terrorist attacks. If you have the required skills and training, why not consider starting your own crime scene cleanup business? 

In this type of business, it’s important to be prepared for anything. Crime scene cleanup refers to the removal of blood, bodily fluids and other potentially infectious materials after a death, accident, or communicable disease outbreak. The objective is to make a home, office, or vehicle safe again. The requirements for this job may vary from state to state, so you should consult your local law enforcement agencies before you get started. Once you establish yourself as an expert in the industry, it would be easy to find clients.

4. IT Consulting

IT Consulting

As our world becomes increasingly digital, it’s no surprise that more and more businesses need guidance and insight on how to adapt and take advantage of this new technological landscape. This helps explain why IT consulting in the United States has been growing fast and is already worth more than half a trillion dollars. The industry is expected to expand further in the years ahead, which means now is a fantastic time to start your own IT consulting firm and get in on the action. 

The crucial element is expertise. If you have a computer science, IT or engineering degree and have spent a few years doing related work at a respectable consulting or tech firm, you have the resume needed to become an IT consultant. You’ll need to build a strong website and register your business, but you could soon be offering your tech insights to top businesses. Provide quality consulting for the first few clients, and you’ll be well on your way to building a reputation, getting some referrals and being a successful entrepreneur.

5. Blog

Blog

In the podcast era, you might have thought that blogs had gone out of style. You would be wrong. The internet is home to more than 600 million blogs, more than 2 million blog posts go online every day, and after years of steady growth, the US is home to about 32 million blogs. Substack, the blog and newsletter platform, recently passed one million subscribers. As a result, there is real opportunity for a bold entrepreneur looking to start a blog business and get in this massive market. 

It requires minimal investment. All you really need is a reliable computer and decent wifi. The major hurdle is coming up with a concept, an objective or mission for your blog business. You might choose generating funds to feed hungry children or delivering crucial news to the people of your city or state. Once you’ve found your niche, you’ll need to reach out across your network, LinkedIn, Facebook, Instagram and beyond, looking for all those who write on related subjects and asking them to get on board. You could offer discounts, incentives, or rewards to sweeten the deal. 

Once a couple of accomplished bloggers sign on, the paid advertisements will start rolling in and you’ll be on the road to success in the blogging business.

6. Marketing Consulting

Marketing Consulting

If you’re ready to take your marketing career to the next level, why not set up your own marketing consulting business? The $475 billion global marketing services industry is projected to grow steadily. A fast growing segment is digital marketing, which has also been contributing the bulk of income.

If you have experience providing professional advice on marketing and sales, you’ll need only a minimal investment to set up your marketing consulting business. Before you launch, it’s a good idea to choose which services to offer, build your team, and scope out the market to determine pricing. Once you’ve decided on a business name, it’s to your advantage to create a logo, set up social media accounts, and develop a website to establish your brand especially in the digital space. These will help you find your first clients. The journey won’t be easy and you might encounter speed bumps along the way, but it’ll be worth it.

7. Tea Shop

Tea Business

Not including water, tea is the most popular drink in the world. It comes in endless varieties and is enjoyed by people of every continent, religion, culture and age group, besides young children. US tea consumption has increased steadily in recent years, to the point that it’s not uncommon to find a wide variety of teas at your local supermarket. You could get in on this trend by opening your own tea shop, offering a calm, appealing gathering space for the community while making a good living. 

The most important step will be finding the right space. You’ll need a storefront with good size, so there’s room for adequate seating, a space for making teas and a counter to make transactions and offer snacks and pastries. It also needs to be in a good location, to ensure you have a steady stream of traffic. Once you’ve secured your shop, the next major hurdle is getting the appropriate permits and licenses, which is always crucial for any food-related business. After that, just choose which teas you’ll serve and start marketing your cool new shop. 

It might sound like a lot of work, but a successful tea shop doesn’t just appear out of nowhere.

8. Supplements Store

Supplements

If you’ve been thinking about starting a supplement business, now is the time to do it! Sales of multivitamins and supplements spiked more than 50% at the start of the pandemic. In 2022, vitamin and supplement manufacturers in the US were estimated to have earned at least $35 billion. The market is expected to grow marginally in the next five years, with e-commerce sales representing a big opportunity for the industry.

A supplement business can be a very lucrative endeavor. However, it’s not without its challenges. To get started, you need to comply with licensing requirements and other regulations relating to vitamins and supplements. You also need to choose your products well, find reliable suppliers, develop your brand, and get creative in promoting your products. Since the latest trend is selling directly to consumers via the internet, you have to develop your e-commerce website and boost your online presence. Expect to devote a lot of time and effort to your supplement business to ensure its success.

9. Shoe Store

Shoe Store

Are you always checking out the shoes that people wear? Or maybe you have thousands of pairs in your closet. If you love shoes, as many people do, why not start a shoe store business? Shoe stores in the US are poised for a rebound due to pent up demand and rising consumer spending. The industry is estimated to be worth $42 billion and expected to post strong growth in the next five years. 

The first thing to do is to scout for a good location for your shoe store. It has to be accessible and located in an area with high foot traffic. Next, you will need to come up with a business plan to identify your target market, find reliable suppliers, choose the brands that you will carry, and more. Your business plan should include a strategy to promote your business through traditional and digital channels. There will be bumps along the way, but your shoe store business can succeed with your hard work and determination.

10. Clothing Line

Clothing Line

Are you a fashion designer with big ambitions? If so, now’s a great time to start your clothing line business. The global apparel industry has been growing steadily for years and is now worth more than $1.5 trillion. The market is always on the look-out for hot new styles and up-and-coming designers, so if you have the skill and talent the opportunity is serious. 

There will be some work involved. You’ll have to design an entire clothing line, not just one or two pieces. To start with, you might want to focus on a specific area of apparel, such as evening wear, jeans or lingerie. Once you’ve got your designs you’ll need to partner with a reliable, affordable manufacturer. Next is the crucial step of naming your company, and your initial collection, and building a brand. 

Don’t expect success to arrive overnight. Launching a fashion line is tough. Have you seen “The Devil Wears Prada”? The fashion industry is notoriously cutthroat, and it’s very difficult for new designers to get their clothing into stores and in front of customers. You might have to find other ways to get your designs out there, such as on Etsy or Amazon or your own website. Good luck!

11. Beauty Supply Store

Beauty Supply

If you’re thinking about starting your own beauty supply business, you’re not alone. The US beauty industry has remained attractive even at the height of the Covid-19 pandemic, growing marginally after a drop in sales in 2020. The market is expected to increase to more than $19 billion in 2022 as consumer confidence improves and the economy continues to recover. 

Starting a beauty supply business can be challenging since there are so many different types of beauty products in the market. To make your mark in this highly competitive industry, choose a niche and develop a strong brand identity. You should make sure your brand is unique and engaging enough for your customers to notice it when they go on social media or visit their website. It is important to understand your target audience so that you can develop marketing strategies to reach them. Finally, make sure your products are approved by the FDA and that your business complies with cosmetics laws and regulations.

12. Beverage Company

Drink Business

If you’re like most people, you probably enjoy a nice cold drink on a hot day. And what’s not to love about drinks? They can be refreshing, flavorful and satisfying. Plus, there are so many different kinds to choose from. If you’re interested in starting your own drink business, you’re in luck. The US beverage industry is valued at $146 billion and still growing. Globally, the industry is expected to post consistent growth of around 2% per year through 2026. 

There are many different ways to get started in the drink industry, so it’s important to do your research and figure out the niche market that’s the best fit for you. Will you be focusing on carbonated drinks, wine and spirits, coffee and tea, water, juice, beer, or energy drinks? Once you have that figured out, find reliable suppliers and work on your regulatory requirements to make sure your business is legally compliant. Having a website and social media accounts would promote your business and increase your chances of success.