Looking for best small business ideas in Thailand? Look no more.
We are going to highlight best business opportunities in Thailand which you can start with little capital in 2024.
Best Small Business Ideas in Thailand
1# Selling Jewelry
There is a high demand for jewelry in Thailand. Thailand provides stones, diamonds and raw gems like ruby, emeralds, etc. Jewelry import increases by 22.45% alone in 2017 which is considered the highest.
You can start this business with a low budget. You have a variety of options like selling earrings, rings, watches, etc. Further, you can also connect with local manufacturers.
2# Driving School
The four-wheeler population is increasing demand for a good driving school in Thailand. Driving school is a profitable business.
People pay around 4200 Baht. You must get a license and training to teach others how to drive an automobile.
Write a business plan which is detailed in nature. Arrange financing for licensing costs, vehicle procuring costs, manpower hiring costs, business insurance, etc.
3# Textiles And Garments
There is a huge demand for textile and garments in Thailand. The textile industry in Thailand has 200,000 workers.
By starting this business, you can work on both foreign and local markets. You have options to make fabric, sportswear, casual wear, kids wear and women’s wear, etc.
4# Catering Business
Catering business in Thailand is a lucrative business. It is a self-rewarding business that requires stamina, working under pressure, etc. This industry will increase at a CAGR of 20.7% in 2022.
If you love to cook food, then, this is the best option to start as a business. You can take courses in culinary institutes and can arrange birthday parties for children, candlelight dinners, and different parties, etc.
5# Agriculture
The agriculture business is living strong in Thailand. This key sector employs 35% of the workforce.
You can set up this business with a low budget in Thailand like poultry or small farm. This business helps to reduce national hunger levels.
6# Offering Professional Photographers
There are beautiful sites in Thailand that tourist visits and they need the services of a professional photographer.
The cost will be taken by photographers is around $1500-$2000. You can open a business and provide photographers to these tourists. This business in the future will give you a good return.
7# Yoga Center
Thailand is a Buddhist country and they practice yoga. The price depends on the sessions like it could be $400 or $780 (24,090 THB). You can open a yoga center and can hire professional yoga trainers.
Consequently, most foreigners are attracted to these spiritual practices of yoga and meditation. Therefore, these tourists pay a good amount of money.
8# Regional Souvenir And Handicrafts
This is a promising business in Thailand. Their cost depends on many factors and can range from 500 to 7900 THB.
One can open a regional souvenir and handicraft shop. Custom made souvenirs and handicrafts can be provided to customers. For example, you can provide printed T-shirts with a picture of elephants, Thailand beaches, etc.
9# Retail Business
Retail is a huge industry in Thailand. It has more than 6 million workers in Thailand. It is one of the most profitable and low-cost start-up businesses. You can open a dollar store, barbershop, beauty salon, cake shop, etc.
10# Smartphone Business
In Thailand, the smartphone business is very lucrative. For the upcoming 5G service, people in Thailand are willing to pay an extra 150 THB.
One can enter this business and has a variety of options like you can open a mobile store, develop ringtones for smartphones, mobile app development, etc.
11# Buying a Franchise
Buying a franchise is a great business idea in Thailand. Starting your own business is a cumbersome task. It involves a lot of money, knowledge, experience and a valid skillset. Buying a franchise demands a minor amount of funds and hard work to start your business.
If you carry on research work and succeed to search for some business that offers franchise you could have to invest a small amount of money in it. Though you have to pay the one-time agreed amount plus monthly installment to the business owner, yet you would start earning profit soon.
12# Professional Services
The provision of professional services to different businesses is a useful idea for earning money. In Thailand, new business setups are increasing fast. Most business ventures demand the services of bookkeepers and accountants.
If you have an educational background in accounting and bookkeeping and some knowledge and experience too, you can sell offer your services for earning a handsome amount of money.
13# Freelance Writing
If you have writing skills and a good command over English language along with a sound expression, you can make a lot of money by starting a freelance writing business. You would search online for writing work.
Your client will give you some assignments like writing something like an article, a blog post, paraphrasing, editing etc., and he will pay for it. It is a very lucrative business.
If you register yourself on famous freelancing platforms like Fiverr, Upwork, freelancer etc., you can enhance your earning potential manifold.
All you need to start this business is to have a computer/laptop and a valid internet connection. You can work from your home very comfortably.
14# Import-Export Business
The business of import and export has a very huge earning potential. To start this business you would have to get registered with concerned governmental body and acquire a valid license for import and export business.
Before starting this business it is advisable to acquire some training so that you may make yourself well-aware of all the necessities and pros and cons of this business.
In Thailand, there are great opportunities for starting a business of export because its economy is heavily export-dependent.
15# Web Designing
Web designing is creating a website online. Like other countries of the world, the trend of making websites for the promotion of businesses is very common among Thai traders and businessmen.
If you have proper knowledge and experience for making a website you can start your business based at home also.
Web designing is a small-scale business with its earning potential at the apex.
16# Driving School
In cities and town of Thailand number of cars are increasing very fast. The new car owners are interested in knowing the complete knowhow of driving. They also prefer to learn the proper driving skill. For the purpose, they opt for learning driving from a driving instructor before sitting on the driving seat of the car of their own.
Starting a driving school and instruct the vehicle owners how to drive safely and properly is quite a profitable business in Thailand and it can be started without apprehensions, if you have a driving skill-set and a valid driving license.
17# Online Book Shop
You can start a book shop online. It is a great idea which can be actualized without a very small investment. You have to take orders online and purchase the books from market in accordance with the orders placed by the online clients.
However, you would have to be specific. There are a large number of categories of books. You have to choose the category keeping in view the availability of the selected category.
The online book shop is a unique idea and it may click quite easily.
18# Event Organizer
Event organizing is a well-known business, the word over. In Thailand events like parties, music shows, dance shows, concerts, etc., are arranged on public and private levels. If you have some knowledge and experience, you can start an Event Management Company of your own.
In Thailand spiritual events are also organized, you can also organize these events.
The investment for starting the business of event organizing is small, but its return is high.
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