BIGtheme.net http://bigtheme.net/ecommerce/opencart OpenCart Templates

Top 10 Business Ideas for Developing (Third World) Countries…

Are you searching for the good business ideas for developing (third world) countries? Find here a list of 10 most profitable business ideas and opportunities for the developing countries.

Generally, people believe that third world countries have fewer opportunities. And initiating a business is tougher there. However, it’s not true. Most of the developing countries have huge natural resources. Also, there are a lot of things to explore. The market is also not saturated there.

Regardless you are a citizen of a developing country or want to invest there as an outsider, the below-listed business ideas will definitely help you in starting a venture there.

Actually, there are several parameters that quantify whether the country is developing or developed. Also, HDI (human development index) is another parameter to access. Generally, developing countries maintain less per capita GDP than developed countries. Some of the major developing countries are China, Argentina, Brazil, Malaysia, Mexico, Nigeria, and Russia.

List of Top 10 Business Ideas for Developing Countries

#1. Cash Crop Farming

Generally, agriculture is the most important segment in most of the third world countries. And farming cash crops ensure better revenue than any other farming activity. So, if you want to earn money from the agriculture segment, you can consider investing money in cash crop farming. Read More…

#2. Computer Related Business

Generally, third world countries are the big market for computer related products and services both. Some of the most profitable product-related businesses are selling computers and accessories, computer assembling etc. Also, you can consider service-based businesses like computer training institute, computer repairing, antivirus selling etc. Read More…

#3. eCommerce Business

Practically, third world countries are the emerging markets for eCommerce business. So, initiating an eCommerce business is highly profitable in the developing countries. When you have a short product list you can concentrate on selling products which have maximum profit to your customers. Read More…

#4. Fish Farming

This is another a great opportunity for the third world countries. Also, you can find a lot of water bodies and every resource available for starting a fish farming business. In starting a profitable fish farming business you will need to have substantial financial resources with land and good quality water bodies. Read More…

#5. Import Export Business

Actually, import-export business is profitable in both the developed and developing countries. Most of the developing countries export products throughout the world. Depending on the resources available in your country, you can consider initiating a business in the foreign trade segment. Check the licensing issues very carefully.

#6. Manufacturing Business

Small-scale manufacturing is the perfect opportunity in the developing countries. And there are numerous products you can consider producing at a small unit. However, a manufacturing business demands upfront capital investment. It needs proper planning too. According to the market potential and available resources, select the product carefully. Read More…

#7. Recycling Business

While most people are aware of the effects of not recycling used materials, much more are not even aware that recycling can be a lucrative business. You must know the process recycling of the specific product that you want to recycle. and practically, you can earn a lot of money from this business. Read More…

#8. Retail Store

As the population density is very high in the developing countries, the success rate of retail operation is also higher. Also, you can consider initiating a niche retail store with small startup cost. Availability of better quality products, an improved supply chain, a one-stop shop for varied choices of brands and products are the important aspects of a successful retail business. Read More…

#9. Travel Business

Generally, third world countries are full of natural resources. And the countries are popular as travel destinations too. Most of the popular segments are adventure tourism, medical tourism, ecotourism etc. So, if you are looking for a profitable opportunity in the developing countries, you can consider initiating a travel related business. Read More…

#10. Woodworking

If you have a craft mind and you enjoy making things from wood, you can start a woodworking business even from home. In most of the third world countries, you can find a lot of variety of woods. So, the availability of the raw material is never a problem there. Read More…

Initiating a business is easier in the third world countries than the developed countries. However, you must analyze the market and product potential before initiating a business in the developing countries.


Source link


Leave a Reply

Your email address will not be published. Required fields are marked *