Top 5 Business Ideas in Mississippi

Best Mississippi Business Ideas

One of the best things about starting a Mississippi business is being your own boss. Whether you’re looking to build an empire or just earn a little money on the side, there’s a business idea that will allow you to achieve your goals as an entrepreneur.

Top 5 Business Ideas in Mississippi:

1. Soap Making Business
2. Clothing Boutique
3. Inflatable Bounce House Business
4. Car Wash
5. Tea Shop

If you have a business idea picked out, check out our simple, step-by-step Form an LLC in Mississippi guide to get your new small business started.

1. Soap Making Business

If you’re interested in crafting handmade specialty products and have strong marketing and sales instincts, a soapmaking business could be a good fit for you. With solid profit margins, the growth and earning potential is only limited by your ability to find customers.

There are no formal training or experience requirements for soapmaking, and the startup costs are minimal.

Learn how to start a soapmaking business.

Find a Web Domain for Your Mississippi Business

Securing a web domain and creating a quality website is important for the overall success of an online business. You can search for an available domain below:

After you have your perfect business idea and secure a domain for your business, one of the best things you can do for your small business is create a website.

2. Clothing Boutique

A clothing boutique is generally much smaller than a regular clothing retailer, and it creates a more intimate environment. You attract customers who are looking for very specific styles and kinds of clothing with your boutique. Since many customers stick to their own styles, it is likely that satisfied customers will return to your business. It is important to form relationships with these regular customers, as their recommendations and satisfaction can contribute to your boutique's success.

Learn how to start a clothing boutique.

3. Inflatable Bounce House Business

Inflatable bounce house businesses are ideal for people who don’t mind working on the weekends, who can physically transport these heavy inflatables, and who love working with children. There is not a lot of skill required to start this kind of business, other than solid business sense and an understanding of the insurance policy you will need to purchase.

Startup costs can be minimal, depending on how many houses you wish to purchase, and your earning potential is moderate. This potential can be increased if you purchase additional units and hire staff to maximize the number of parties you can book in one weekend. The demand for inflatable bounce houses has increased quite a bit over the past 10 years and the business is expected to maintain good growth potential moving forward.

Learn how to start a bounce house business.

4. Car Wash

Opening a car wash in a small town can be a good idea for entrepreneurs who get a lot of job satisfaction out of making cars look their best. There are several different options when it comes to the size and type of car wash you open, each with their own unique features and requirements.

Owning and operating a car wash doesn’t require specialized education or work history, though being a good conversationalist and having a high attention to detail will be to your benefit. Startup costs are typically high (around $500,000) for larger operations, but profit margins are very high for larger businesses as well. Some moderately successful car washes can yield over $6,000 in profits each month. If you so choose, you may consider opening additional locations if your first car wash is successful and you enjoy the line of work.

Learn how to start a car wash.

5. Tea Shop

Tea is the second most popular beverage in the world, and it’s quickly growing in popularity within the United States. Tea shops provide people with a place to enjoy tea in a social setting.

Tea shops are opening in both large cities, like San Francisco, Vancouver and New York City, and small towns, and the future looks promising for these shops. According to the Tea Association of the U.S.A., the overall tea industry grew an estimated 4 to 5 percent in 2015, and the retail tea sector is expected to have a compound annual growth rate (CAGR) between 5 and 6 percent through 2020.

Learn how to start a tea shop.

Importance of SEO for Businesses

Once you've chosen the best business idea for you, determining a search engine optimization (SEO) strategy is essential for small business success. Good SEO allows Google (and your customers) to more easily find your business website and the services you offer.

Here are some of the benefits of SEO for your business:

• Increases traffic to your business website
• Improves user experience for your customers
• Strengthens brand awareness and recognition

You can learn more about the basics of SEO and how to implement a strategy by reading our Beginner's Guide to SEO.

Other Important Services for Small Businesses:

• Use our Business Name Generator for help brainstorming your new venture’s name
• Learn how to form an LLC, one of the best business structures for Mississippi businesses
• Use our free business plan generator to start planning your Mississippi business today
• Get your unique logo with our free Logo Maker and start branding your business
• After finding your perfect idea, learn how to start a business