Mountains, ice caves, seafood heaven, northern lights – these are just a few of the things that come to mind when considering Alaska. But, what might surprise some is that the state is not just a nature lover’s dream, but a wonderful place to start a business.
You’ve come to the right place if you’re looking for low investment business ideas to get started in Alaska. Below are some intriguing options and other essential information to get you started.
7 Low Investment Businesses to Establish in Alaska
If you prefer to start with something simple and economical, a car wash can be ideal. The only necessities needed are simple tools like clean clothes, soap and a bucket of water. However, if you want to offer polishing services, you need to purchase a polishing kit.
It’s good to consider that this tends to be a somewhat competitive field – even in slightly isolated Alaska. But people are willing to pay for keep their vehicles in pristine condition, and if you market yourself properly, you could build up a stable and loyal customer base.
Take care of an animal
Countless Alaskans have pets, and many need help caring for them. So whether it’s an elderly person who can’t move around a lot or a busy worker who can’t always be available for their pet, they may be looking for reliable pet care.
You can provide basic pet care amenities like dog walking, feeding and grooming. Although it is not necessary to have special certifications, we recommends acquiring a business license and insurance to protect yourself. Plus, certificates and permits will show potential clients that you’re serious about the job and can be confident in choosing you.
The state of Alaska is a leading seafood producer in the United States, making exporting seafood a profitable option.
Because it’s a big industry in Alaska, it’s good to start small at first. For example, if you are keen on fishing, venture out and catch some seafood that you can sell at local farmers markets. This will help you earn income while building your business reputation.
If you choose to try this, you must apply for a Receiver-Seller Permit. Additionally, if you want to catch salmon to sell, Alaska also requires you to obtain a king salmon stamp.
Videography and photography services
Alaska is full of great places to film or photograph, like Denali National Park and the historic Port of Valdez. Working as a videographer or photographer allows you to travel and archive these amazing destinations. You can start a freelance business as a videographer or photographer. If you’re not ready to take your independent business on the road, you can start by working with local businesses.
Alaska is a state brimming with natural and cultural wonders, making it a great place to start a tourism business.
As a local, you can take visitors to remote destinations and teach them unknown facts about the state history and cultural.
If you want to expand your business, try collaborating with Alaskan companies. For example, if you are going to showcase local art in the community, you can organize an art tour and connect with artists that your tour group can visit.
Fishing Equipment Sales
Fishing is a vital industry in Alaska. Consider selling fishing tackle if you want to make a name for yourself in the fishing industry but don’t want to export seafood. You can buy online advertising, set up an e-commerce site, or offer equipment at craft markets and fishing fairs.
Suppose you are still not sure what you would like to do for a living in Alaska. Then you can consider creating an online store to sell products. There are many platforms, like Etsy and eBay, where you list products. Look at different platforms to find the one that best suits your business needs. Different products perform better on specific sites depending on the trade. For example, Etsy is generally great for handmade items, while eBay is great for reselling collectibles or refurbished items.
Protect your new business with insurance
Starting a new business is very exciting, but you need to take specific steps to protect it. One of the easiest ways to protect your business from a lawsuit is to insure it, especially if you work with people or someone else’s property. For example, suppose you decide to start a car wash business. You will want to make sure you have insurance if the vehicle is damaged while it is in your care.
In addition to this, you will also need to invest in Alaska Workers Insurance if you decide to hire employees. Under Alaska’s workers’ compensation law, workers’ compensation is required, even for part-time or temporary workers. So even if you use subcontractors, you will need to confirm that they have appropriate workers’ compensation insurance. If they don’t, you can be held legally liable.
Even if you don’t have a physical store or are self-employed, you still need to protect yourself with workers’ compensation in case you suffer an injury on the job.
If you are looking for unique low investment business opportunities to establish in Alaska, definitely keep these options in mind. They are economical and a great way to turn your interests into a career.
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