Modern Australian Magazine
Men's Weekly

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Social Media: Is It Increasing Rates of Anxiety and Depression?

In today’s connected world, social media has become an integral part of daily life. Platforms like Instagram, TikTok, and Facebook offer opportuni...

Preventive Maintenance Tips for Hydraulic Equipment

Hydraulic equipment plays a crucial role in industries ranging from construction and mining to agriculture and manufacturing. Whether it’s powerin...

Choosing the Right LiDAR System for Your Project

When planning a project that relies on accurate spatial data, selecting the right LiDAR system is one of the most critical decisions you’ll make. ...

The History of Craft Beer: From Monasteries to Modern Breweries

Craft beer has a rich and fascinating history that stretches back centuries. What we enjoy today in trendy taprooms and bustling breweries is the re...

How Natural Pearls Shaped Trade Routes and Global Economies

Throughout history, natural pearls—those rare, untamed treasures formed by nature itself—have exerted a powerful influence on trade networks, po...

How To Choose The Right Insulation For Your Space

Selecting the appropriate insulation for your home or building is a critical decision that affects comfort, energy efficiency, and present and future ...

7 Best Things to Do in Beaufort, Victoria

Beaufort is a charming small town in Victoria’s Goldfields, full of history, natural beauty, and warm, welcoming locals. Whether you’re passing th...

What to Expect During Divorce Mediation & Settlement

Divorce can be a difficult and emotionally draining process, but mediation and settlement often provide a constructive path forward. Instead of goin...

Navigating Disability Services in Perth: Your Questions Answered

Understanding the landscape of disability support can feel overwhelming, especially when you're just starting out. If you’re looking for support a...

How Veneers and Dental Implants Work Together for Full Smile Restoration

Modern dentistry has strong instruments that can produce life-changing outcomes when it comes to repairing a smile that has been impacted by tooth los...

Gen Z’s Are Going off Grid – But Is It Sustainable?

Australia’s cost of living crisis is causing Gen Z to get creative with frugal living options. Earlier this year, young couple Koby and Amelie wan...

The Risks of DIY Air Conditioning Installation and How to Avoid Them

Air conditioning is essential in Australia, especially during the scorching summer months, when homes and workplaces can become unbearable without rel...

5 Lucrative Ideas for an Australian Startup in 2018

  • Written by Diana Smith


Coming up with a plan for a startup is not nearly as simple as it may seem at first. It requires that you conceive an original idea, have the necessary skillset to see it through, as well as have the knowledge to make a proper business plan. However, before you get started, you need to make sure that the market is lucrative enough for your business to thrive in it. This doesn’t only depend on the nature of the industry and the timing but the business hub that your startup aims at becoming a part of. With this in mind and without further ado, here are five lucrative ideas for an Australian startup in 2018.

Food industry

The first niche that’s always relevant is the food industry. Nevertheless, you first need to find the sub-category for which you have the skills, resources and interest in. For instance, being an athlete chef is vastly different from starting your own catering business. It requires a specific set of skills, you will need to acquire different certificates and the registration process will differ. Moreover, the first business type can be achieved through a one-person startup model, while the second one will probably require that you to hire more people and, in this way, commit to a more complex business structure, to begin with.

Online retail

Another trend that’s currently popular in Australia is the business of online retail. For this, you need to possess some basic IT skills, find a reliable payment gateway and create a logistical background capable of providing you with a competitive edge. The e-commerce is not for everyone and in order to thrive in it, you need to understand the needs of your buyers. Keeping your prices competitive is always paramount, yet, it is not so easy to accomplish when working with an unfavorable overhead. For instance, having a charge-free same- or next-day delivery can be a determining factor when it comes to closing a sale, yet, it might be a feature that your online retail startup simply can’t afford.

Construction business

Like with the above-discussed food industry, construction business is simply not going anywhere. The greatest problem that this line of work is currently facing, however, is the lack of skilled and interested workforce amongst the millennial population. On the other hand, the increased interest in this industry by various entrepreneurs has created a network of co-dependent services all across Australia. This means that you can specialize in a certain area of the construction industry and outsource certain tasks to others.

The next massive benefit that makes construction business worth considering is the versatility of equipment for hire. Nowadays, you can find a reliable crane hire in Brisbane and, therefore, accept contracts that you would otherwise have to pass on.

Interior design

More and more people recognize the importance of a quality interior design, which makes it a very lucrative market for contemporary Australian entrepreneurs. For instance, homeowners who are willing to make their home greener often assume that pursuing this trend comes at a steep price. An eco-friendly interior designer can make your dreams come true without breaking the bank and achieve this much-desired effect quicker and at a lower cost. Nonetheless, an interior design industry requires a wide array of skills that aren’t that easy to acquire. Unlike with some professions, formal education can only get you so far, which is why work experience comes as paramount.

Shared office space renting

At the end of the day, more and more Australians are telecommuting, and the rising number of companies exist only in digital space. Still, a traditional office does have some advantages that can’t be overlooked. Working from home is a trend, but it is well-known that it comes with so many distractions and obstacles, which can make it impossible for most people to focus and most startups to cooperate efficiently. By purchasing, constructing or leasing an office space, rearranging it and then renting it out as a shared office space, you can create a steady and reliable source of income for a relatively low investment.

These five ideas alone offer you a broad spectrum of options to consider. Sure, offering your IT services, babysitting, developing an app or pet sitting are also valid startup plans, yet, they are much smaller in scale when compared to the five ideas listed above. In other words, which of these suggestions suit you the most doesn’t only depend on your skills and interests but on your ambition, as well. So make sure you choose wisely!



 

Holidays & Travel

7 Best Things to Do in Beaufort, Victoria

Beaufort is a charming small town in Victoria’s Goldfields, full of history, natural beauty, and warm, welcoming locals. Whether you’re passing through or planning a weekend escape, Beaufort offers experiences...

Perth Airport Transfers: Choosing the Right Service

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How to Save Smart: Cheapest Travel Insurance for Schengen Visa without Cutting Corners

Picture this: you’ve found a last-minute flight to Milan, your hotel booking comes with breakfast and a rooftop view, and your itinerary is ready for a whirlwind of museums, mountains...

Why Personalised Ornaments Make the Perfect Christmas Gift

In a season brimming with sentiment and tradition, gift-giving is one of the most cherished ways to show we care. And while store-bought items can be thoughtful, there’s something especially...

Slowing Down in Nature: My Experience on Orchid Classic Cruise in Lan Ha Bay

Why Orchid Classic is a Top Choice for Lan Ha Bay Lan Ha Bay, a hidden gem adjacent to the more famous Ha Long Bay, offers travelers a quieter and more...

How to Reduce Turbo Lag with an Upgraded Mazda BT-50 Exhaust System

Are you struggling with turbo lag affecting your driving experience?  Did you know upgrading your Mazda BT-50 exhaust system could be the key to unlocking smoother acceleration and enhanced vehicle performance? Exhaust...

Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy of watching the...

The Most Scenic Sailing Destinations in Australia and New Zealand

Australia and New Zealand are home to some of the world’s most breathtaking sailing destinations. With vast coastlines, pristine waters, and diverse landscapes, these countries offer incredible opportunities for sailors...

A Guide to Finding Caravans for Sale for Your Australian Road Trip

From the rugged Outback to stunning coastal drives, there's no better way to explore Australia than in a home on wheels. If you're considering joining the caravan community, you're likely...

Fashion & Beauty

Best Nail Care Routine for Frequent Nail Polish Wearers

For many people, nail polish is more than a beauty statement – it’s part of their everyday routine. Whether you love bold colours, chic neutrals, or glossy finishes, regularly wearing...

The Confidence Curve: Why Boudoir Photography Is the Empowerment Trend You Didn’t Know You Needed

Boudoir photography has been quietly taking over social feeds, Pinterest boards, and personal milestones—and for good reason. It’s not just about lingerie and lighting. It’s about self-love, storytelling, and confidence...

The Best Nail Art for Short Nails

Short nails often get overlooked in the world of nail art, but they’re actually the perfect canvas for stylish, sophisticated designs. Whether you prefer bold patterns, minimalist details or soft...

Davines Sustainable Haircare: Revolutionizing Eco-Friendly Beauty Solutions

Davines is a well-known brand in the world of haircare, known for its high-quality products that deliver exceptional results. Its commitment to sustainability and unique haircare philosophy sets Davines apart...

High Visibility Work Shirts: A Must-Have for Workplace Safety

Workplace safety is a necessity. Workers from construction sites to manufacturing units should be visible for their well-being and they have it by wearing high visibility work shirts. Yes, when...

Polo Shirts: Wardrobe Essential for All

Polo shirts have started the journey as sportswear. But now, these are regarded as the best workwear. Also, people love to wear them for personal gatherings and more. These are...