Quick Check! Profitable SME Business Trends in 2024

Do you feel it? The trends in SME businesses are always changing year after year, and these changes make you, as a business player, have to brainstorm ways to stay competitive. Due to these ever-changing trends, SME entrepreneurs must smartly follow the latest trends to avoid being outcompeted.

So, if you already have a business or are just starting in 2024, this article will give you some of the most profitable SME business ideas you can try!

Most Popular SME Businesses

Source: Freepik.com

1. Website Development

The increasing use of the internet year after year has made entrepreneurs venture into the online realm, one of which is by creating websites for clients or institutions in need. Having a website for an institution or company not only enhances business credibility but also makes it easier for buyers or clients to place orders.

Therefore, website development services will continue to be in demand. If you're skilled at making websites, why not turn this into your SME business opportunity in 2024? Imagine helping many small businesses become more impressive and accessible online. So, leverage your skills and start your website development business!

2. Graphic Design

Just like website development services, graphic design services are also a business trend you can choose in 2024 because they're always in demand. The business world needs graphic design for various purposes, from promotions and creating social media content to banners.

The market is vast, too! There are many types of graphic design you can offer, such as visual identity design, user interface, marketing materials, and packaging graphics. So, if you have a design talent, let's make this your SME business in 2024! With your creativity, you can help other businesses look more appealing and professional.

3. Online Store

The next profitable SME business is an online store. Online stores are not only profitable in 2024 but have also been successful in previous years. Besides, starting an online store is very easy; you can use marketplaces, and social media, or create your online store to sell your products, allowing you to reach your customers anywhere.

There are many products you can sell in an online store, ranging from clothing, and electronics, to household needs. These products are always in demand by buyers, so you don't need to worry about them not selling. Let's take advantage of this trend and start your online store now! Also, add a creative touch and promote it in your unique style.

4. Culinary

The last SME business is culinary. Wow, when it comes to culinary, many trends will never disappear, and the opportunities are always big because food is a basic necessity for everyone.

To start this SME business, there are many promising food business ideas you can choose from. For example, you were selling trending foods like cookie bombs, healthy foods like vegan food, or even unique foods from your own creations and fusion foods. With your creative touch, your culinary business will boom and be loved by many.

But besides creativity, your culinary business will be even more profitable with a touch of technology. For example, using a POS application. A POS application can advance your culinary business because it has cool and efficient features like stock management, financial reports, and business analysis.

Source: Documentation ESB

When choosing a POS application, you need to make the right choice. For small-scale culinary businesses, the POS application you must try is ESB POSLite. This product is highly supportive of SMEs in the culinary sector with top features like cash and non-cash payments, QR code scanning for orders, and table reservation management. With ESB, running your culinary business becomes easier and more efficient. Imagine, that customers can order and pay quickly, and you can monitor stock and financial reports easily.

These are the four most popular SME business recommendations that you should try. From the four types of SME businesses above, you can determine which one is the most suitable according to your interests and conditions.