Are you searching for best small business ideas in Turkey in 2020? Look no more.
We are going to share best business opportunities and startup ideas in Turkey which you can consider in 2020.
Best Small Business Ideas in Turkey
1# Tour Guide
The enormous growth in tourism is shown in Turkey in recent years. USD 7.89 billion is Turkey’s tourism revenue. It is the sixth most visited place in the world.
There are many heritage sites so becoming a tour guide is a good option in Turkey. This business requires very little startup cost.
2# Hazelnut Exportation
Hazelnut grows in a huge amount in Turkey. Turkey is involved in 80% of hazelnut exportation.
One can start this business by identifying countries that need this nut and then start negotiating with them.
3# Hair Transplant Clinic
One of the most profitable sectors in Turkey is Healthcare. Hair transplant operations are common in Turkey. $1,700 and $2,000 is the hair transplant cost. Therefore, it is done at a very reasonable cost.
One should establish a hair transplant clinic in Turkey if one has the qualification and investment.
4# Vehicle Parts
As Turkey has a great population, so the majority of them own cars. The CAGR of over 3% by 2020 growth is shown in the automobile market in Turkey, so also the demand for vehicle parts increases.
You can start a vehicle parts business and either import or manufacture the spare parts.
The most important sector is agriculture in Turkey. 23% of the Turkish economy depends on agriculture.
As the government in Turkey views this sector as the strategic industry, so entering this business shows enormous potential. You need a business plan and knowledge of the taxation system in Turkey.
Turkey is considered as the e-commerce center because it offers flexibility in this business. US$10,657m is the revenue generated in 2020 by the e-commerce market in Turkey. By setting an e-commerce company, one can start selling services and goods online.
7# Cleaning Services
Cleaning services are in high demand in Turkey. The cleaning hourly rate is 25TL in Turkey. Foreigners often visit this place, so it must be kept clean.
Cleaning is done on a commercial and residential basis. The cleaning service business generated a good profit in Turkey.
8# Textile Industry
Turkey is the most important textile industry. It consists of 10 percent of the GDP. In Turkey, the total employment is based on 20%.
For starting a textile business, you need to find a distributor for your clothing, suppliers, etc. You can also export your textiles to different countries.
9# Natural Stones
The fourth-largest producer of natural stones is Turkey. It is situated on the Alpine Belt, where marble deposits are found. 40% of marble is owned by Turkey.
It also produces marble, travertine, limestone, slate, basalt, onyx, etc. One can start a natural stone business in Turkey. You need new technologies, an abundance of raw materials, etc.
10# Petrochemical Business
One of the profitable businesses booming in Turkey is about petrochemical. The petrochemical industry managed to sustain growth and thus reaches about 2.9 million tons/year.
As you gain experience and exposure, you can expand this business to a large scale. You can deal with raw materials, finished goods, etc.