Starting The Most Profitable Business In Thailand

djamal-soft السبت، 12 ديسمبر 2015
By Jonny Blair


Great many foreigners would like to take advantage of the opportunity to open their own business in Thailand. However, most of them do not know where to start from and which is the biggest moneymaking industry in Thailand. The following Thailand finance advices will help you find the greatest Thailand's industry to invest money in.

Thai demographic features are specific and you should learn more about them before starting your own business in this country. It will be a mistake to target foreigners only, as they will bring you only a small percent of earnings. Rather opt for business that will target local people and tourists alike, so that you get more profits from both groups.

Choose an industry with as little competition as possible. Ensure the business you choose is well-liked by local people, as they will be your main clients. It is not a good idea to start a go go bar for example, as locals will certainly avoid it because of the ethical and moral reasons. On the other hand, if your aim is to attract tourists, you will not succeed, as there are too many other venues of this kind that will attract them.

You will surely get loyal Thai clients that will keep coming to you, if they like your business. If you target a foreign market only, you are unlikely to get good profits, neither to gain popularity.

Before catering your business to foreigners only, take into consideration the fact that tourism can be affected by military coups, which take place once every decade. This might greatly affect your business if it is targeting foreigners.

All these factors reveal the necessity to target local people mainly. Three main reasons prove that the food industry in Thailand is considered to be the best moneymaking business opportunity in this region: first, locals would rather eat in big groups than alone; second, the Western influence can be felt in Thailand when it comes to food too; third, it might sound strange, but there are no kitchen appliances like ovens or stoves in Thai apartments.

Thais do not have large apartments where big groups can gather, that is why they prefer to eat outside. Due to their busy lifestyle and the increasing influence of the western culture, local workers eat on the go. They now rarely consume their traditional meals that contain rice, rather opt for pastries, sandwiches and coffee for a breakfast, while they visit fast food restaurants to have a dinner with friends and family members.

So if you are thinking about opening a profitable business in Thailand, you can start your fast food restaurant, or another kind of restaurant, which can offer a comfortable atmosphere for locals to dine out. Such restaurant will surely attract tourists too, if you add some local meals that will represent Thai traditions.

Another great idea would be to make mobile food trucks that will work really well in Thailand, especially in Bangkok and other big cities. They will become very popular attracting young clubbers and workers who would like to find cheap and easy way to satisfy their hunger.




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