Are you ready to use the fame that Goa has among tourists and start your business here? We have come up with a list of 21+ business ideas in Goa to get you started.
Goa is renowned as a tourist hub in India for national as well as international visitors. Its pristine beaches, active nightlife, and world-heritage-listed architecture are popular across the world.
Over the pandemic, the international footfall did take a dip. However, it was more than made up for by domestic tourists who were looking for a little escape.
This constant footfall of tourists means that there will be a constant demand for various things like food, stay, and much more.
We realized that if you decided to start your own business in Goa, with the right idea and right marketing, the business would pick off very quickly.
So, in this article, we have put together some of the most profitable business ideas that can be started in Goa and scaled up through eCommerce.
Business Ideas in Goa to Try in 2022
Here are some of the most lucrative business ideas in Goa to pursue.
1. Start a Two-wheeler Rental
There is no better way to explore Goa than to pick a rental 2-wheeler and ride through the streets of Goa! Hence there is a huge demand for bike rental in Goa.
You can create an online presence through Google my business as well as your own website where you list the available vehicles, rent prices, and required documents to rent them.
2. Fish Farming
The Government of Goa has been promoting fish farming as one of the key sectors of Goa for the past few years now.
The wide coastline of Goa of about 104 km and inland waterways of about 250 km provides ample fish farming opportunities in the state.
The high demand from domestic and international markets due to the good nutritional value of the product is also a big positive for the segment.
3. Start an Online Store
Based on your experience and interest, you can look to launch an online store in Goa. The online store business works well across industries like bakery, apparel, groceries, food, books, etc.
With the comfort of working from your home or existing office, the online store will help you reach a wider audience on the internet and drive revenue and profit in no time.
Watch this video to learn more:
4. Become a Travel Agent
Tourism is the backbone of the growth in Goa and you can make the most of it by launching your travel agency.
Becoming a travel agent needs you to have a lot of knowledge about the tourist spots, their history, culture of Goa, etc. And you also need to have high energy and groove.
Tie up with some of the local travel agencies and you can work on a commission basis for a side hustle or be a full-time travel agent!
5. Rent Out Guest Houses
Due to the consistent flow of tourists throughout the year in Goa and not being season-specific, there is a lot of potential in the guest house or anything in the tourist accommodation industry.
However, for this business to do well, a location that is closer to tourist attraction spots is critical.
6. Start a Restaurant Or Beach Shack
The food and drink industry in Goa has been on the rise due to the strong inflow of tourists.
A restaurant or a beach shack in the middle of the tourist hubs is expected to get high footfalls from the beginning.
If you have some interest in this industry, you can look at opening a restaurant or beach shack in Goa and make full use of this opportunity.
Do you want to know more about starting your own restaurant? Here is how to do it.
7. Start a Spa & Wellness Center
The high number of tourists visiting Goa makes it an important place for the spa and wellness business.
If opened near hotels and resorts, it has the potential to drive high footfall even in the initial phase. Even a good online presence and creative internet marketing can drive customers by bulk to your spa and wellness centers.
Hire the right massage therapists with proper knowledge of treatments and solutions that are offered under your business in order to create and maintain a good impression among customers.
8. Become a Photographer
If you are interested in photography, you could explore this genre to establish yourself as a professional photographer in Goa.
You will be able to get professional equipment and set up a studio for a limited amount of money.
You can select from industries like tourists, business, food, or nature to start with and explore your interest in each of these to reach and finalize a niche for yourself.
Learn more about starting your photography business in this article.
9. Provide Commercial Transportation
Goa, just like any other commercially developing state in India, has a massive growth opportunity in the transportation business.
You can look at commercial transportation and work closely with established businesses and build a robust supply chain mechanism that will help them grow further.
By solving the logistics problem for big businesses, you will be able to establish your business in this segment in the long term.
10. Start a Hotel/Resort
There is always scope for more space in the hotel and resort industry in Goa. Reaching out to customers is easy by taking your business online.
However, you will need to have a clear business plan in place with where you are located, what you are offering, to whom, and at what price point you can be successful in this competitive industry.
11. Start a Nightclub
The attractive nightlife of Goa continues to attract people of all ages. The club or discotheque business has the potential to be popular in no time in such a vibrant ecosystem.
You should have some experience of running such a business beforehand so that it is easier to manage operations.
12. Start an Event Management Agency
Goa is known to be a popular destination for corporate events as well as destination weddings.
There is a lot of potential in running an event management agency in Goa and providing solutions to clients from other states and countries.
You can start as a freelancer and learn about all the ropes holding this business together. You can then graduate towards launching your agency in a few years.
13. Run a Mobile Food Truck
There are already many restaurants in Goa, but not everyone wants the fine dining experience all the time.
The food truck business has emerged as one of the affordable options for people who are not able to open a full-fledged restaurant.
Quality food at a tourist-friendly location along with some unique and quirky dishes will help you get started on your journey to becoming a food truck owner in Goa.
Recommended read: – Here are some profitable food business ideas to get you started.
14. Start Green Tourism
Promoting and offering solutions that focus on eco-friendly tourism could be among the top profitable businesses.
By not harming the natural habitat and not disturbing the local community, green tourism activities are particularly popular with tourists these days.
Also, the satisfaction of driving a meaningful business will be higher as compared to a traditional outfit.
15. Start a Candy Business
A lot of business ideas in Goa surround the tourists as the target audience, but we seem to forget that kids and children are also a part of that audience.
Opening a colorful, vibrant, and enticing candy store can prove to be the profitable business that you have been waiting for!
You can source quality candies from trusted suppliers and grow the business through an online store.
16. Start a Bed & Breakfast
A bed and breakfast is also a tourist accommodation, just like hotels and resorts. However, they provide a more home-like feel to the tourists.
Leading with the marketing statement of ‘Home away from home’ the BnB business has truly gained a high customer base in the market.
You can get in on this business by simply renting out an extra room in your own apartment, or you can list an entire property as a BnB.
17. Open a Brewpub
A brewpub is nothing but a cozy space that offers freshly brewed beers along with significant food.
The USP of brewpubs is that most of the beer served is brewed on the premises and served fresh!
With the relaxed culture of Goa, this kind of space attracts both locals and tourists alike.
18. Open a Drive-thru Eatery
The food business is highly lucrative in Goa and also attracts a lot of competition. Opening a drive-thru eatery is the easiest way to stand out and win over this competition.
Drive-thrus are all about fast food served to people with the added comfort that they do not need to step away from their vehicles.
19. Start a Taxi or Car Rental Service
Since the airport in Goa is located at a considerable distance from the main tourist part, taxi services are very much a necessity to take the tourists into the town.
Within the town too, some people might prefer a taxi service to go from one tourist spot to another!
You can start the taxi service with just one car, driven either by you or a driver. As the business grows, you can add more cars to your service.
20. Start Feni Export Business
Feni is considered a heritage drink of Goa. It is an alcoholic beverage produced using locally grown cashews or coconuts.
Since Goa is well-known for this liquor, the Feni export business could be really profitable.
With the government supporting the Feni business through their Feni policy 2021, you can export your products internationally with much ease
21. Open a Bakery
Goans are well known for their baking skills and baking is also one of the easiest businesses to start from home.
Your bakery need not necessarily be a brick-and-mortar store. It can easily be an online store where people place orders for your products, you make them at home and ship it out to them.
Want some guidance with starting your bakery store from home? Read this article.
22. Open a Tattoo Parlor
We know what you are thinking, people come to Goa to have fun, right?
But hear us out.
Some people also want to do something crazy when they come to Goa, something they would otherwise never do in their life! Like, get a tattoo.
That makes a tattoo parlor more of a tourist attraction than even the actual tourist spots!
How can Dukaan help with your business?
Factors like high literacy rate, tourism-friendly ecosystem, high per-capita income, low crime rate, strong connectivity, and harmonious industrial ecosystem are driving major industrial growth in Goa.
There are multiple business opportunities available in Goa that can be taken up as detailed above.
However, if you want to take your business beyond the confines of Goa, and reach out to a larger customer base, Dukaan can help you do that in a matter of minutes.
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