Make a Name for Yourself in the Corporate Scene With These Small Business Ideas in Hong Kong
Every successful business starts with a great idea, but for most of us, we find ourselves continually scratching heads, unable to work on a plan after deciding to get into the world of finance. This is apparent in Hong Kong, as well, but for now, we don’t really have to think a lot for finding the right business to invest. Hong Kong is one of the best places you can be in as an entrepreneur, and there are plenty of ideas you can take references from. So, if having a Hong Kong successful startup is your dream as well, and you want to venture in the world of Hong Kong business in the best way possible, here are some small business ideas in Hong Kong that might intrigue you.
Travel Agency / Tourism Business
The travel agency or any other business related to tourism is an excellent idea in Hong Kong. According to the Hong Kong Tourism Board, about 58.7 recorded tourists visited the place in 2017, which is set to grow in the coming times. Hong Kong is somewhere tourists want to return after visiting once, and the government is constantly planning more developments in the field of tourism. Well, having a travel agency in Hong Kong means you will never be out of business, and that, in turn, will make you a lot of money.
Another idea is manufacturing. Chinese products are popular all over the world, and the country is known for producing stuff of various qualities targeting different demographics. China being the mainland, manufacturing business in Hong Kong is also a great way to invest in something if you want your products to be well-known all over the world. Things such as electronics, clothing, accessories, smartphones, tablets, e.t.c. from China are available all around the world, and if a company such as this is in Hong Kong, you are also going to benefit from the very convenient export policy.
After all, this is the age of technology, and the concept of online business can’t be left out from the list of the best small business ideas in Hong Kong. Online business isn’t limited to a single concept; there are many ways you could make money online in Hong Kong conducting business (some even without any investment), all you need to do is research the way which is fit for you. For example, you might set up an e-commerce store, or you could start affiliate marketing, where you sell products of other vendors and get a handsome commission to your name. Ease of initialisation and less investment makes online business one of the best business ideas in Hong Kong.
Here is another form of affiliate marketing. In this case, you work as a middleman between the product from a Hong Kong company and a foreign party who wants to buy that product in wholesale price. Being a product sourcing agent in Hong Kong is going to work a lot on your favour, the biggest reason for it being China, a major supplier to products all over the world and at the same time, vendors from everywhere trusting China as the country providing them with the needed things.
If you love working with computers (not only computers but mostly so), you could also work as a freelancer. You have many options as a freelancer in Hong Kong; you could indulge yourself in graphics designing, programming, website designing, e.t.c, and to be frank, you will find a lot of freelancing job requirements in Hong Kong itself. Some might say that freelancing can’t really be taken as a business, but the best freelancers always see their work as a business in some way or another, for example, you might open a freelancing team and supervise it as it deals with clients all over the world, which is a business.
Companies from all over the world have been opening their branches in Hong Kong. And not only Hong Kong foreign companies, but the companies with a central office in Hong King are also using outsourcing as an increasing trend. There have been successful startup companies in the outsourcing field in Hong Kong, and you could also have a Hong Kong successful startup if you are willing to work. For those who don’t know, outsourcing means a company hiring another company to do some of their jobs, for example, call centres, IT outsourcing, secretary outsourcing, etc.
These were some of the best small business ideas in Hong Kong. And if think you have the right idea now for your Hong Kong small business, you could move on to the next step of incorporating a company in Hong Kong.