With a small scope, your best bet is low magnification so you get good brightness. If you can get sufficient brightness, the Pleiades are magnificent. The stars are jewel colors! The Andromeda galaxy is a pretty good target as well, as is Jupiter. Saturn is a much smaller image than Jupiter due to distance, and you won't be able to magnify it enough to see colors with a small scope. In general, try the low-number M objects. They are low numbers because they were the first to be catalogs, hence in general low-hanging fruit as it were.
Also, something amateurs often overlook is using binoculars for astronomy. The image-stabilized ones are particularly excellent for hand-held use. Once again, light-gathering power is the goal, not magnification.
- Michael