Are you looking for business ideas in China that you can venture into and build wealth as a citizen of China or a foreigner?
China’s vibrant economy is attracting a lot of attention in the West and many big and small companies are beginning to enter the local marketplace.
China is a country with a diverse economy that are all thriving. They don’t focus on one sector to create wealth. No wonder they are regarded as the best country to do business in.
7 Profitable Business Ideas To Start In China
China offers so many business opportunities to both citizens and foreign investors.
The level of your success will depend on your business strategy. So many businesses succeed in China and that is why many entrepreneurs and investors are all looking for business ideas or opportunities to venture into.
If you have observed very well, you will notice that almost all Fortune 500 companies are established in China.
With a population of over one billion, China is the second-largest economy in the world.
No country does not have a ‘Made in China’ product.
This is why China is known as the largest importer and exporter in the world. The people of China patronize both foreign and indigenous products and services which makes it a good opportunity to introduce a new product or service into the market.
Here is my list of 7 top business ideas in China that are proven to be profitable and are not capital intensive.
Providing Education Service
One obvious business idea in China that is thriving and will continue to thrive is in the education sector. So many private and public schools in China are paying foreigners to help teach their students English studies.
With a salary ranging between $1000-$2000, one should be able to live a good life in China.
Aside from normal school classes, you can start an after-school tutorial class where you can offer educational services to students that are still finding it difficult to learn during class and make a good income monthly.
You will need a Chinese partner to handle the approval and registration process for you so your business doesn’t get disrupted.
Wine Making
Foreigners are breaking into the Chinese market.
Small wine companies in Oregon and Washington are making headways with their wines taking over many wine stores. China wine lovers are welcoming them because they are already used to their local wine and want to try new wines to compare their taste.
Supplying Health Products
Due to the increasing population in China, it has been a challenge to meet up with enough health products for patients.
Venturing into this business will be a good way to enter into China’s market and dominate it with high-tech medical devices and health products.
Due to the change in the environment, people are now more health-conscious.
As a smart entrepreneur, don’t just limit your business to only health products and facilities, you can also expand into skin products and other health-related products.
Import and Export Trading
This is one business idea in China that you should also consider if thinking of starting a business in China. Any business in China that involves importing and exporting is always making money as China is the country for this kind of business opportunity.
China has considered the largest exporter in the world makes this kind of business profitable and one of the best business ideas in China to consider.
Travel Agency
One of the largest travel markets in Asia is China and the figure is increasing. Starting a travel agency will be a great transport business idea in China and you will profit from this open market.
According to UNWTO (UN World Travel Organization), the world can expect 100 million Chinese in 2020. Many travel agencies are now marketing their services in China so they can take advantage of this market.
So, what are you waiting for? If you have the capital, you can consider this opportunity and draw your strategy.
Small Scale Food Production
The food production business is a very profitable business idea in China.
With a population of over a billion, do you think there are enough food companies to take care of this market? Apart from China, the food production business is in high demand all over the world as people have to eat and stay healthy.
Starting a food production business either small or large scale in China will be a very good business idea to venture into if you can map out a good strategy. All you need to do is conduct a feasibility study on the market and draw a conclusion.
Studies have shown that people don’t regret spending money on good food.
Start an E-commerce Platform Business
China remains one of the best technologically advanced countries in the world. This is a good opportunity to start an eCommerce store in China.
If you live in China or a foreigner studying in China and you are tech-savvy, you can start an e-commerce platform basically for the Chinese market just like Flipkart is to the Indians.
You just need to build a trading platform where the Chinese can be trading products while you take a commission on any sales made on the platform. You have to study different e-commerce business models like Amazon, Flipkart, Snapdeal to learn how their success and copy them.
With little capital for buying and hosting of the domain, you are good to go. You only need additional tools like some plugins and payment processors. Invest heavily in making the platform known so you start having sellers and buyers on your platform.
These are some of the most profitable business opportunities in China at the moment.