There are many business opportunities available for foreigners that would like to start their own business in Thailand. But it is not so easy to choose the right industry to invest in. If you would like to find the Thailand's biggest moneymaking industry, take a look at the finance guidance that reveals details about the business climate in this beautiful and attractive country.
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.
Keep in mind that if Thais love your business, they will keep coming back to you, so targeting a foreign market only will be a big mistake in terms of making good profits and gaining 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.
Since the Thai apartments are not big, they cannot accommodate many guests and for this reason they prefer to eat outside. Usual practice of Bangkok workers is to eat on the go as a result of Western influence and the busy lifestyle. Rice meals that are traditional for Thais are currently replaced by sandwiches, pastries or breads for breakfast combined with coffee. For a lunch and dinner they attend fast food restaurants with family members and close friends.
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.
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.
Keep in mind that if Thais love your business, they will keep coming back to you, so targeting a foreign market only will be a big mistake in terms of making good profits and gaining 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.
Since the Thai apartments are not big, they cannot accommodate many guests and for this reason they prefer to eat outside. Usual practice of Bangkok workers is to eat on the go as a result of Western influence and the busy lifestyle. Rice meals that are traditional for Thais are currently replaced by sandwiches, pastries or breads for breakfast combined with coffee. For a lunch and dinner they attend fast food restaurants with family members and close friends.
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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