Are you interested in doing business in Thailand? Do you need ideas or information on the best small business investment opportunities in Thailand? Then I advice you read on.
Aside working as an employee, there are many other better ways to make money. Nothing could be more fulfilling than starting a business of your own. Starting a business in Thailand is very easy.
All you need to do is look for opportunities and analyze them to see the ones that are most likely to be profitable in the long term. So in this post, we will be looking at ten of the most profitable business opportunities in Thailand. So if you are looking to start a business in the country, look no further than these opportunities.
Top 10 Small Business Investment Opportunities in Thailand
Because most people in Thailand are too busy with work, fast foods and snacks sell very well in the country. Some restaurants in Thailand even go a step further better by offering food specialties from foreign countries such as German, Italian, Chinese, and other delicacies.
This is because there are always many expats and tourists in Thailand. In fact, offering foreign delicacies will most likely be more profitable than selling local dishes. So, if you have been thinking of starting a business in Thailand, this is a good option.
Selling jewelry and other fashion accessories is another good business in Thailand because there is high demand for these products. Of course, setting up a business that manufactures jewelry such as earrings, rings, wristwatches, and so on could be very expensive. But you can start on a low budget by importing these goods and selling them or connecting with local manufacturers.
3. Web design
Businesses in Thailand are becoming more aware of the effectiveness of online marketing in generating leads and attracting customers. So, they are adopting various strategies in order to establish a web presence including setting up a corporate website. If you have a solid background in website design, you can make a lot of money in Thailand by designing websites for individuals and businesses.
4. Real estate
This business rocks everywhere. But buying and selling land is becoming more difficult for foreigners in Thailand (because land ownership cannot be easily registered in foreign owned companies anymore). This notwithstanding, you can still make money from this business by taking commissions as an agent.
If you are a native, then you have no problems. Better yet, if you are a foreigner, you can start a consulting business for other foreigners who want to break into the real estate and related businesses.
5. Tech products
High quality technology products such as smartphones, digital cameras, tablets, and notebooks are selling like wild in Thailand. So if you are looking to start a profitable business in the country, then start importing these products and selling them.
This market is begging to be explored, as it has just a few players who are not enough to meet the people’s demands. If you have a enough experience with cars or industrial machinery, you will make lots of profit in Thailand just from selling and repairing them.
Because of increasing health awareness among Thais, there is booming demand for professional healthcare services. This means there are huge opportunities in Thailand for professional healthcare practitioners such as physicians, nurses, pharmacists, and so on.
8. Freelance writing
If you are very good with words, then you can make money by starting a freelance writing business. This business involves handling writing assignments such as blog post writing, article writing, business proposal writing and so on. The good thing about freelance writing is that you need only a PC and a good internet connection to get started. And you can work right from the comfort of your home.
The oldest business in the world is still living strong, and it will continue to thrive anywhere as a business – for obvious reasons. You can start an agriculture-related business in Thailand regardless of your budget. With a low budget, you can set up a small farm or poultry. But if you have a bigger capital, you may want to go into large scale farming.
10. Garment and textile
There is a booming demand in Thailand for textiles and garments. This creates huge opportunities for investors, both local and foreign. If you are looking to start a business in Thailand, the textile industry is another goldmine you should explore, as you can cater to both local and foreign markets.
While there are many other business opportunities in Thailand, the 10 discussed here have been proven to be in high demand. If you want to start a business that will generate huge profits in the long term, choose one of them and analyze the market to get more information on how to get started.