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13 Best Business Ideas in Oregon

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on September 29, 2022

Updated on November 12, 2022

13 Best Business Ideas in Oregon

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13 Best Business Ideas in Oregon

Known for its lush forests, Oregon is a major producer of cherries, hazelnuts and Christmas trees. The economy is growing on the back of rising household incomes and a strong growth in employment. Among its biggest employers are the leisure and hospitality sector, professional and business services, and education sector. 

Businesses in the retail trade sector like clothing, drink, and skincare would likely thrive in this state. You can also open a karaoke or a tour business. We’ve come up with a list of business ideas in Oregon. Check it out!

1. Karaoke Bar

How to start a karaoke business

The pandemic dealt a blow to karaoke bars across the US, but the industry is expected to recover as the economy bounces back and consumer confidence improves. There are over 1,500 karaoke bars across the country, and there’s still room for more so start your own karaoke business now. The market is expected to grow in terms of revenue in the next five years. 

The first thing you need to do is scout for a good location. Your karaoke bar should be accessible to your potential customers. Next, you will need to come up with a business plan to determine what services you’re going to offer. Most karaoke bars also serve food and drinks to their customers, so you might want to work on your menu before you get started. Once you’ve prepared everything and complied with all regulations, you should promote your business. A karaoke business can be highly profitable if you play your cards right.

2. Sprinter Van

Sprinter Van
Ewa Studio / Shutterstock.com

Sales of sprinter vans in the US have consistently increased, reaching more than 40,000 units in 2021 despite the coronavirus pandemic. For entrepreneurs, this presents an opportunity to start a new venture. Sprinter vans are used to transport passengers, cargoes, or both. In the passenger segment, the vans are used for limousine services, campus transport, shuttles and tours. If you’re considering starting a sprinter van business, you have these options available. 

To get started, you have to choose your business model. You can either apply to become a dealer or distributor, or invest in a van and start a rental business. If you’re going for a rental business, it’s important that you check out the permit and licensing requirements, determine how much insurance you need to pay, establish a facility for your business, and be ready with operational and maintenance funds. As you gradually build up a customer base, you can invest in more vans and grow your business.

3. Boba Tea

How to start a bubble tea business

Coffee, tea or boba tea? Boba tea, also known as bubble tea or milk tea, is increasingly becoming popular among young consumers. This Taiwanese cold drink is made by blending tea with milk, adding tapioca or boba pearls, and shaking vigorously. Starting your own boba tea business is a great idea! The boba tea market in the US is worth about $1 billion and still growing. There’s definitely room for more boba tea shops.

Starting a boba tea business requires compliance with various regulatory requirements. On top of the FDA regulations, there might be other federal, state and local requirements that you will need to meet. Check with your local authorities before you launch your business. 

You will also need to choose a good location for your boba tea shop, one with high foot traffic volume or anywhere close to your target market. With a reliable supplier and an excellent marketing strategy, you can be on your way to owning a successful boba tea shop.

4. Craft Shop

How to start a 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.

5. Basketball Training

Basketball Training

Basketball is a team sport that is popular worldwide, so there’s always a demand for quality training. In the US, nearly 25 million people as young as six years old engaged in the game in 2018. Participating teams in the National Basketball Association, which is the premier men’s professional basketball league in North America, have an average franchise value of more than $2 billion. If you love to play basketball and strive to get better at it, then starting a basketball training business might work for you.

When you’re starting a business, it is important to be selective about the niche you choose. It will help you save time and money. So, define your target market and understand what type of training they need. Most of those who engage in basketball are kids and teenagers, who move on to playing competitive high school basketball if they excel. Some later advance to competing in the college leagues and even get drafted into teams competing in the NBA. With adequate knowledge and experience on the sport, you can easily become successful in this field.

6. Business Coaching

Coaching Business

Not long ago, there were only a handful of coaching firms in the United States. Today there are more than 2,200 and the coaching industry is worth more than $11 billion and still seeing strong growth. Americans have learned to appreciate the value of good insight and planning, particularly when it comes to major decisions involving their finances, career and personal matters. 

If you have expertise in any of these areas, you could start your own coaching business and help people lead more fulfilling lives while grabbing a slice of this fast-growing market. It’s easy to get started. You just need a reliable computer, some relevant experience and a strong marketing campaign, highlighting your skills on social media and beyond. 

The challenge will be attracting and maintaining clients, so you’ll need to find a way to stand out from the coaching crowd and prove your worth. A great website will surely help.

7. Cremation Service

How to start a crematorium

Do you have a bit of a morbid streak? Well then you might be pleased to learn that the US cremation industry has seen steady growth in recent years as more and more Americans choose to be cremated, rather than buried. By starting your own cremation service, you could scratch your itch for the macabre and provide a necessary service for grieving loved ones while making good money. 

By 2040, 8 out of 10 Americans are expected to choose cremation over burial, mainly because costs half as much. You could ride that wave of growth, but first you’ll need to make a major investment and decide whether you’ll use a traditional flame-based system or more eco-friendly alkaline hydrolysis. You’ll also need to get the required licenses and permits and decide whether you want to offer additional products and services. Some crematoriums offer wearables such as an ash-filled locket, or focus solely on the cremation of pets.

8. Skincare

How to start a skincare business

Obsessed with healthy skin? If so, you’re in luck, as the US skincare market is now worth $20 billion and still growing. You could start a skincare business, help people look and feel their best, get in on the beauty industry boom and make a good living all at the same time! 

Starting out as a solopreneur, it’s probably a good idea to link your product line to your own needs and interests. If you have dry skin, for instance, a smart approach for your skincare business would be to focus on moisturizing and anti-aging products, as these would be areas in which you’d be seen as having expertise, given your experience. If you’re concerned about the environment, you could offer a skincare line that uses only eco-friendly, sustainable ingredients. 

The skincare market and the broader beauty industry are expected to continue to expand in the coming years, so whichever market segment you choose, there is likely to be considerable opportunity for the entrepreneur.

9. Tour Guide

Tour Business

Do you love to travel and see new places? Why not start your own tour business? It’s a lot of work, but it can be a very rewarding endeavor. The US tour industry was expected to recover in 2021 after total revenue fell below $6 billion in 2020 due to the pandemic.
Earnings were predicted to increase to more than $8 billion in 2022 due to pent-up demand for travel. Both land and air borders of the US have been reopened to vaccinated tourists. 

Tour operators are primarily responsible for arranging tour packages that they offer to tourists and travel agencies. Because of the pandemic, demand is rising for tour packages in the countryside, national parks and the outdoors. Before you can start operating, you need to pick a niche, choose your target demographics, and understand the competition. You also have to familiarize yourself with the laws and regulations, such as the seller of travel laws, that tour operators, travel agencies and other tourism-related businesses must follow.

10. CBD Business

How to start a cbd business

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.

11. Beverage Company

How to start a brewery 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.

12. Clothing Line

How to start a clothing line business

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!

13. Ice Cream Truck

How to start an ice cream business

Americans LOVE ice cream: we eat almost half a pound a week on average. Americans also love food trucks, which have exploded into a multi-billion-dollar industry in recent years. Yet for some reason, the rise of food trucks has in many areas meant the end of the ice cream truck. 

But now that’s starting to change, as a new generation of ice cream trucks has begun to emerge. These vendors don’t offer the same old popsicles and ice cream sandwiches you got when you were a kid, but instead provide a wide selection of locally-made ice cream treats, supporting local businesses and helping build a network of partners. More importantly, today’s ice cream trucks are wired, allowing customers to book them for events online, track their location and get a text message when they’re in the neighborhood. 

If you love making kids happy, there’s never been a better time to drive an ice cream truck.