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11 Best Business Ideas in Iowa

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Published on September 16, 2022

Updated on September 16, 2022

11 Best Business Ideas in Iowa

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11 Best Business Ideas in Iowa

Based on the steady increase in jobs, Iowa is recovering from pandemic slump. Latest government statistics show that more jobs are being created in the accommodations, food services and manufacturing sectors. 

The corresponding increase in disposable income bodes well for startups. If you’re looking for some guidance on what kind of business you should launch, we have a list of business ideas in Iowa. 

You can start small by baking cakes or making candles. If you have the funds, you can open a boutique or a liquor store. Go through our list to see if something motivates you.

1. Liquor Store

Liquor Business

The great thing about getting into the liquor business is that it’s economy-proof. When the economy is doing well, people want to celebrate with some wine and champagne. When recession hits, people need to drown their sorrows with a drink or two. That explains why the liquor industry has seen steady growth in recent years and is expected to continue to expand. 

It’s always a good time to start a liquor business, and you could start yours now and help people celebrate the end of the pandemic while setting yourself up for a good living. You’ll need to find a reliable distributor to partner with, preferably with a wide range of alcoholic drinks at reasonable prices. And you’ll also need to get your required licenses and permits and rent out a shop space in a location with good traffic. 

Once that’s all sorted, have a drink on the house because you’ll soon be on Easy Street.

2. Dog Breeding

Dog Breeding

Puppies are undeniably cute, and with hard work, preparation and planning, you could be breeding dogs and enjoying endless quality time with cute and cuddly pups. Many people are very particularly about their pets, and willing to spend hundreds of dollars on the right dog. That’s why dog breeding is a $2 billion industry, which highlights the opportunity in this market. 

If you’re thinking of starting a dog breeding business, there are a few things to consider first. First, if you don’t have adequate space in your home, you’ll need to rent out a space, preferably with room to run for the canines. Next, you should decide which breed to focus on — Labradors, Golden Retrievers, French Bulldogs and German Shepherds are among the most popular, while ChowChows and Rottweilers are among the most expensive. 

The next step is to create an attractive website, and don’t forget to include great photos of your dogs, which you should also share on social media sites like Instagram or Facebook. Few will be able to resist.

3. Clothing Boutique

Boutique Business

Are you obsessed with fashion? Do you have an eye for trends? If so, starting your own boutique may be a great fit for you. Following years of steady growth, the US clothing boutique industry is worth more than $18 billion. More and more of today’s serious shoppers tend to walk right past the brand outlets and department stores and head straight for the exclusive boutiques offering new, unique and vintage clothing and accessories not found anywhere else. 

To draw them in, you will need to establish a strong based on your own sense of style. You might embrace a pre-WWII theme and embrace flapper dresses, hats and brooches. Or maybe you’re a disco lover and all about bell bottoms, short shorts, tube tops and more. Or you could go with a clean and simple, more futuristic look. The key is finding and highlighting your own sharp fashion sense. If it’s right, the shoppers will come.

4. Music Production Company

Music

If you’re passionate about making music, why not consider starting your own music business? Music helped a lot of people shake off the blues and cope with the massive disruption caused by the Covid-19 pandemic. Listening to music helps improve the mood, promote relaxation, boost creativity, and more. As millions of people turned to music, the recorded music industry soared to new heights and broke sales records. In the US, the industry earned nearly $15 billion in 2021, its highest annual revenues in history.

Starting a music business can be a fun and rewarding experience, but it’s important to determine what kind of music you will focus on. Artists can make money by selling their music, using social media, or creating branded content for clients. But first, you will need to build up an audience. Be creative and think of ways to attract a large following in social media and get them to view your videos. You’ll be competing with BTS but with some patience and hard work, it can be done!

5. CBD Products

CBD Business
Renee Clancy / Shutterstock.com

Cannabidiol, widely known as CBD, is a non-psychoactive compound found in cannabis plants — and one of the world’s fastest growing industries. The US legalized cannabinoids in 2018 and the market soared to nearly $5 billion by 2020. It’s expected to be worth as much as $20 billion by 2025, and you could ride this lightning-fast wave of growth by starting your own CBD business. 

Why is CBD so hot right now? Because of the widely reputed health benefits of CBD oil and other CBC products. They have reportedly reduced the negative effects of epilepsy, cancer, Crohn’s disease, chronic pain and other ailments. You could do online research, collecting testimonials of CBD’s significant health benefits, and use that as marketing material for your new CBC business. But first you’ll need to find a reliable supplier for your CBD products and stock your inventory in preparation for the wave of customers that will soon come knocking at your door, or website.

6. Fashion Business

Fashion

You might think being a fashionista means just splurging on the latest clothes and accessories, but did you know that you could turn your passion into a thriving business? The global fast fashion market, which refers to clothing collections that move quickly to the stores from the catwalk, is expected to surpass $210 billion by 2030. Whether you’re dreaming of launching your own line of clothes or engaging in a buy-and-sell business, there’s a huge market waiting for you. 

You can start small by just selling to family and friends. As your business grows, you might want to do digital marketing and even hold live selling sessions, the latest trend in online shopping. During live selling, you will not only get to model your clothes on an imaginary catwalk in your home, but you will also be making a lot of sales. Before you start, however, it is important that you scope out the market, prepare some initial capital, decide whether to put up a physical store or stay online, and comply with government regulations.

7. 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.

8. Digital Marketing Agency

Digital Marketing Business

With many people staying at home and working remotely because of the pandemic, companies have also gone online and undertaken digital marketing initiatives to keep their target markets engaged. Global digital marketing is booming right now, and expected to more than double to $786 billion by 2026.

If you’re looking to start your own digital marketing business, you’re in luck. There has never been a better time to do it. Just catch up on the latest industry trends and know the steps in setting up a business. Keep in mind that since this is a relatively new industry, there are no concrete guidelines for success, but some insights into how other companies grew their own businesses can be helpful. Read and learn everything you can about the business before uploading your first social media post or your first digital ad. Once you’ve done that, you should be able to get the hang of digital marketing!

9. Candle Shop

Candle Business

If you’re a budding entrepreneur with a creative streak, custom-made candles represent a great combination of a fast-growing market with a business that’s relatively easy to start. With a small investment you can start making candles from home and sell them online to help countless people set the mood while making good money. Best of all, you can express your creativity in your candles. Some of today’s trendier homemade candles include calming scents, wild colors, organic ingredients and a variety of shapes and sizes, including a $65 candle shaped like a hand! 

The first key step will be brushing up on your candle-making skills, and there are many online courses to get you up to speed. After that, you’ll just need to purchase all the key materials and equipment, set up an account at an online platform like Etsy and start selling your goods. Once the money starts rolling in you can create your own website, start giving tutorials to build your reputation and even open your own candle shop!

10. Cake Making

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.

11. Virtual Assistant Service

Virtual Assistant

The job didn’t even exist 20 years ago, but now, thanks to new technologies and the sharp increase in remote work during the pandemic, the virtual assistant industry is booming. After years of strong growth, the market is expected to be worth more than $4 billion by 2025. That means now is a fantastic time to start your own virtual assistant business. 

To be clear, we’re talking about a human, not a digital or AI-powered, assistant, who provides administrative, technical, and creative services to clients remotely, via the internet. If you have a strong business skillset, you can get started with a minimal investment and run the company out of your own home while serving clients anywhere in the world. You could also add more skills over time, increasing your revenue streams and the rates you’re able to charge. 

With hard work and a bit of luck, you’ll soon be helping businesses run more smoothly and efficiently while making good money for yourself.