It sounds harsh, but it is real. It happens that many times, the internal problems of a country and the circumstances that we have to deal with every day prevent us from seeing clearly all the wealth of opportunities that we could find right there, in our city, in our community, perhaps, in our neighborhood.
Continuing with our series about the best and most profitable business in Latin America, today I share a list of ideas for startups that you can develop if you live in Mexico.
Due to its climate, its people, its territorial extension and other endless qualities, Mexico is considered one of the favorite destinations to do business and according to the World Bank, also one of the five countries where it is easier start a company.
10 Profitable Businesses in Mexico
1. Fast food business
Modern and hectic life keeps the demand for fast food restaurants on the rise. It is here where you can take advantage of this wave to integrate regional food options that will always be to the taste and preference of Mexicans. See: food businesses.
2. Continuous printer ink systems
Can you imagine how much ink is consumed in printing in a country like Mexico? If you can imagine it then you can visualize the business potential of providing ink solutions for printers in this country.
Today there are a variety of alternatives ranging from the commercialization of generic cartridges to the sale, installation and refilling of continuous ink systems for inkjet printers.
3. English Academies
The call center boom has invaded many Latin cities and Mexico is no exception. This greatly benefits the country because it attracts foreign exchange but also opens up new opportunities for people who are fluent in a second language.
However, in a short time the demand has exceeded the supply of bilingual personnel and for this reason the English academies have become a profitable business in Mexico.
4. Assembly of events
Mexico is a very rich country in every sense of the word. But culturally speaking, Mexican traditions surpass everything and that is why there is a huge field of opportunity in the staging of events of all kinds.
Whether you dedicate yourself to setting up small and medium-sized family, corporate or cultural events or if you build a business project to set up large events such as concerts, festivals or even political events, you will find here another very profitable business alternative.
5. Sports bars
Sports and especially soccer arouse enormous passions and move crowds in Mexico. Reason why Mexicans like places where they can share sports days with friends where they can taste good food, good beer and a great atmosphere.
Hence, themed sports bars can represent an extraordinary opportunity to start a profitable business in Mexico.
6. Tourism
We could not talk about Mexico without mentioning one of the most lucrative branches of business that exist and that is tourism. And it is no wonder because this beautiful country has huge stretches of beaches in warm climates that make it a favorite destination for tourists from all over the world.
In that sense, you can take advantage of this gigantic market to venture into business as a tour operator.
7. Investments in the stock market
For the first time in a long time, Mexico became one of the preferred countries to invest in the stock market. The Mexican stock market is above Brazil and within emerging markets, Mexico is the favorite thanks to the growth of its Gross Domestic Product.
8. Franchises
Another sector of great importance where Mexico has been characterized as a power is the franchise segment. There are a variety of franchises that can be very well used by Mexican entrepreneurs to start a solid and promising business.
From laundry franchises, tacos and ice cream parlors to the huge multinational brands, you can always find a great opportunity to do good business in Mexico.
9. Services for the elderly
According to data from INEGI, it is expected that in the next 10 years 20% of the population will be over 50 years old, which is why the demand for specific services for this segment of citizens will grow. Therefore, projecting towards businesses that offer educational, therapeutic and service solutions could be a excellent business.
10. Development of personal image
Every year, not only in Mexico but in all parts of the world, politicians, artists, athletes and people in general invest billions of dollars in caring for their image. From clothing and makeup image consultants to expensive plastic surgeries.
There is diversity of business alternatives And you don’t exactly need a lot of money to start this turn, as some ideas to start are: facials, weight reduction treatments and the sale of alternative creams.
If any of these business ideas It convinces you or you find it attractive, you must follow the corresponding steps to give shape to your idea, study the market, get the capital and give life to your project. If necessary request some advice. Remember that all have great potential but the execution of it is very important for success.
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