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14 Best Business Ideas In Maine

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Published on September 16, 2022

Updated on September 16, 2022

14 Best Business Ideas In Maine

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14 Best Business Ideas In Maine

Maine, the largest of the New England states, is predicted to make a strong recovery from pandemic recession. The state relies on its services and manufacturing sectors, and most segments are on an upward trend. 

Since Maine lies along the coast of the Atlantic Ocean, a fishing charter business would be a good idea. Other businesses that could thrive in Maine are summer camps, apple orchards, and tourism. You’ll find more business ideas in Maine as you read on.

1. Tourism Agency

Tourism

If you’re looking to start your own tourism business, you’re in luck! The US has reopened its land and air borders to vaccinated tourists. After suffering devastating losses due to the pandemic, the tourism industry is poised for growth. The US Travel Association says domestic leisure travel is expected to surpass pre-pandemic levels in 2022 as 82% of American travelers are excited to travel in the next 12 months. International inbound travel, on the other hand, is anticipated to increase gradually and fully recover in 2024 or 2025. This is the highest level since the start of the pandemic. 

When starting a tourism business, it is important to keep track of the latest Covid-19 travel guidelines per state or city so you can properly advise your clients. Besides complying with licensing, insurance and other regulations, you will need to choose your niche market from the get-go. You will also need to be creative and come up with a marketing strategy. You can start by building social media presence to promote your services and attract clients.

2. Bottled Water Company

Bottled Water

As more consumers believe that bottled water is cleaner than tap water and safer than other packaged beverages, starting a bottled water business makes perfect sense. The US bottled water industry earned nearly $20 billion in 2019. Production volumes and sales are expected to post steady growth in the coming years. 

Before you get started, it’s important to familiarize yourself with the different types of bottled water. Your capital equipment requirements will depend on the type of bottled water you will produce. It’s to your advantage to find a good location for your facility. Keep in mind that you will need plenty of room for your equipment and storage tanks. 

You will need to adhere to stringent FDA regulations since bottled water is considered as a consumer food product. All bottled water products are produced using a multi-barrier approach to guard against contamination. Once you’ve hurdled the regulatory requirements, it’s important to come up with a good marketing strategy to promote your product and ensure its success.

3. Summer Camp

Summer Camp

Setting up a summer camp is a lot of fun, and it’s also a great way to make money. If you’re looking to start a summer camp business, you’re right on time. The industry, valued at around $3 billion in the US, is expected to return to growth as the economy recovers from the pandemic and thousands of summer camps across the country reopen. 

To get started, you’ll have to choose a niche and decide whether to set up a vacation camp, sports camp, or outdoor adventure camp. Most camps still cater to children, but some have programs for adults as well. Your choice will determine the kind of facilities that you will build. Camps generally provide cabins, campsites, and recreation facilities and equipment. They also provide meals, snacks, and non-alcoholic beverages. You will need to make an upfront investment. Unless you already have an existing property that’s ideal for a summer camp, you will have to choose your location well to be able to attract customers.

4. Fishing Charter

Fishing Charter

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. Apple Orchard

Apple Orchard

If you’re thinking about tapping into the lucrative apple industry, consider starting your own apple orchard business. Despite the pandemic, total US apple production for the 2021-2022 crop year was expected to increase and surpass 265 million bushels. Demand is expected to be stable as apples are among the most consumed fruits in the US and more Americans are becoming aware of including fruits in a healthy diet. 

Before you can start your business, you should first decide what type of apples you plan on growing, how big the farm will be and where it will be located. You can easily check which states are best for growing apples. Apple orchards cover a wide range of activities such as tree planting, tree care, and agriculture. Besides selling the fresh fruits, you can also make extra income by opening your apple orchard to families seeking to bond over apple picking and tourists wanting to experience this popular activity. Apple picking is fun, Instagram-worthy and pickers get to make apple pies, apple juice and more.

6. Cattle Farm

Cattle Business

The US is both a major exporter and importer of beef, and the cattle sector accounts for the largest share of total cash receipts for agricultural commodities nationally, so starting a cattle business is certain to provide anyone with a steady income. If you’re thinking about establishing your own ranch or simply opening a retail shop for cattle products, this is your opportunity! Commercial beef production in the US is projected to grow to more than 27 billion pounds on higher expected non-fed and fed cattle slaughter. 

If you open a breeder farm, you will need to comply with your state’s laws and regulations first. There are also regulations for butcher shops and meat processing businesses. You will have to choose your niche market and create a business plan. There are many factors to consider – from branding and customer acquisition to managing growth. Although the industry faces pressures caused by vulnerabilities in the supply chain and extreme weather conditions, a growing international demand for US beef could still make your cattle business profitable.

7. Brewery

Brewery

If you’ve been thinking about starting your own brewery business, you’re in luck. The brewery industry in the US is anticipated to rebound from pandemic decline as consumer spending increases. The number of breweries in the US has been steadily increasing over the past decade. As of 2020, there were close to 10,000 breweries across the country, and many survived the pandemic by shifting to packaged and to-go sales. 

It takes hard work and substantial investment to start a brewery. Breweries produce alcoholic beverages made from malted barley and hops, like beer, malt liquor, and non-alcoholic beer. To keep up with the latest consumer trends, you might want to focus on craft and regional beers as well as alternative alcoholic beverages such as ready-to-drink cocktails. You need to check federal and state laws relating to the industry first and comply with these. It’s to your advantage to carefully plan your business, from the licensing process to choosing the right brewing equipment. If you do this right, your brewery business has nowhere to go but up.

8. IT Business

IT Business

Are you thinking of starting your own IT business? That’s great! The IT services industry in the US is booming as more companies are spending again and boosting their IT budgets after two years of economic slump. Many companies are outsourcing IT contracts. In fact, IT outsourcing is the largest segment as it is estimated to account for a third of the projected $400 billion revenue from IT services in 2022. The market is predicted to grow further in the next five years. 

First, it would be wise to pick a niche market. Will you offer cloud-based services, focus on the software-as-a-service market, or provide managed IT services? It’s also a good idea to identify your target market. Who is likely to need your services? Once you’ve determined that, create a marketing strategy that focuses on how your IT services can benefit them. You’ll need to invest in equipment and software, as well as develop a strong team who can help you deliver top-notch services. With these in place, you’re ready to start your own IT business.

9. Locksmith Service

Locksmith Business

The US real estate boom has driven sharp growth in the locksmith industry, which is worth $3 billion after experiencing more than 30% expansion in the past decade. Demand for lock installations in new homes is high, so now is a great time to start your own locksmith business and grab a share of this growing market. 

Even if you don’t have experience, it’s easy and inexpensive to take an online course and learn how to be a locksmith. After that, you might want to partner with an established locksmith in your area to gain some real-world experience. Once you’ve built a reputation, you could strike out on your own and start offering your services, providing keys, safes, locks, doors and even security systems. 

As long as you provide excellent service, you’ll have success all locked up!

10. Frozen Food

Frozen Food

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.

11. Shirt Printing

Shirt Printing Business

Shirt printing is a lucrative industry that continues to grow in popularity especially among the young population. If you’re looking for a new business opportunity, look no further than a shirt printing business. The global custom tshirt printing industry is anticipated to grow steadily and approach $8 billion in market size by 2028. Rising disposable income and increasing preference for customized shirts are expected to drive growth. 

Anyone can start a shirt printing business. But in order to succeed and grow your business, it’s important to be knowledgeable in silk screen printing and updated with the latest printing technology such as direct-to-garments, sublimation, and more. You may come up with packages that already include the shirts as well as the design and printing services for the convenience of your customers. Another way to do it is to come up with your own designs and sell shirts with these designs. With the right skills and resources, you can build a successful business.

12. Grocery Delivery

Grocery Delivery

Global online grocery delivery sales have been growing by almost 30% since the coronavirus pandemic crippled economies in 2020. This stellar performance is expected to continue through 2024 as a lot of people continue to stay or work from home even with the lifting of protective measures. With online grocery shopping, consumers no longer have to spend time queuing in supermarkets. They simply browse through a retailer’s website or app, shop and check out, pay for the items online, and have these delivered right to their doorstep. 

If you’re thinking of starting a grocery delivery business, now’s the time to do it. You have at least three options: operate your own delivery service, work with a franchise, or sign up with an established retailer. Consider carefully the pros and cons of each option before deciding on which business model to choose. Assess the competition as well and identify possible clients if you’re going to give it a go on your own. Whatever your decision is, plenty of opportunities await.

13. Assisted Living Facility

Assisted Living

A growing geriatric population in the US is driving the assisted living market, which is seen to grow at least 5% annually through 2027. If you’re an entrepreneur with a background in health care, you might consider starting an assisted living business. It’s a great way to help take care of the elderly and make an impact in your community while making a profit.   

Before you start your assisted living business, it’s important for you to assess the competitive landscape and determine the services that you will offer. You’ll need to comply with the zoning and licensing requirements. It’s also a good idea to study the possible legal issues, hire the right people, and decide which amenities to provide. Most assisted living facilities have gardens, a library, entertainment and a doctor on call. This business needs hefty investments, but the potential for financial rewards is great. So start drawing up the building plans for the best assisted living facility in your area.

14. Craft Shop

Craft Business

Do you have a creative hobby? If it involves some sort of craft, you might want to consider turning your favorite at-home pastime into a business, and potentially a major revenue stream. With people stuck at home for months on end looking for something creative to do or something interesting to buy, the arts and crafts industry has exploded since the start of the pandemic. In 2020 alone, the revenue of the leading online arts and crafts marketplace Etsy more than doubled, to $1.72 billion. That means right now is a great time to start your own craft business, provided people with wonderful products and ride this wave to prosperity. 

You’ll be your own boss, working at home at times that are best for you. You’ll be able to embrace and express your creativity, producing goods that could be sold around the world. But you will need to decide which products to focus on. This could be anything from crocheted blankets and clay jewelry to embroidered handkerchiefs and knit hats. Whatever you choose, be sure to research what’s already out there and offer a unique twist on existing products. Building a strong brand will be key to the success of your craft business.