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High Demanding Business Ideas ? Have you ever thought of what kinda business you should start in Hong Kong?
We live in the era of “on-demand” where starting a right business is one of the most challenging things you can do. There are tons of little things that must need your attention. With some smart and careful strategies, you would be able to get off to the right foot and keep these things under control. The best way forward is to start up a new business with little investment to generate passive income just like a cash cow.
Hong Kong is the world’s biggest financial center and is considered as the world’s freest economy thus several foriegn countries are shifting their businesses towards HK to grow their annual income dramatically as Hong Kong currency “HKD” has secured the 13th rank for being the most traded currency in the world. Due to its fastest-growing ecosystem, it is an excellent choice for establishing and starting a new business with minimum investment.
Its friendly tax system, fair and transparent legal system, elegant location, supportive government, great business environment, friendly working hours, developed communications, and labor rates allow and inspire businesses to grow, succeed and flourish in one of the world’s biggest business hubs.
Here are some most demanded and profitable business ideas to invest consider:
Hot business ideas to start in Hong Kong:
- Manufacturing
- Cleaning Services
- Furniture Making and Remodeling
- Online Food Store/ Homemade products
- Travel Agencies
1. Manufacturing:
Wide range of products are shipped most of the time from Hong Kong as people buy them at a lower price and sell them by keeping their own profit.
Thus, manufacturing these things could be a decent venture for your organization.
You can manufacture anything that is reasonable for your spending plan and mastery.Here are the few items to consider:
Manufacturing of Apparels:
The most trendy products that people usually purchase from Hong Kong includes apparel. Regardless of whether it is dresses, shoes, handbags or jewelry you can begin assembling and selling them. These are relatively less expensive, wealthy in plan and keep up the exclusive expectation. Likewise, offering branding services to the individuals who need to begin their own apparel line would help you make extraordinary benefits.
Manufacturing of Electronics:
You can take a start by manufacturing electronic items like refrigerators, AC (air conditioners), televisions, microwave ovens, electric heaters and export them. Just make sure that the items you’re going to sell are of the best quality and reasonable price.
Manufacturing of Mobile phones and Laptops:
Hong Kong is traditionally strong in manufacturing technology such as mobile phones, laptops, tablet cases, earphones, batteries, computers and many more as they are in huge demand presently because they are owned by almost everyone in the world
Manufacturing of Toys:
HK Toys are popular all over the world. So you can start manufacturing toys for kids as we know that HK occupies the shelves of the worldwide stores because of its innovative ideas and fair prices.
2. Cleaning Services:
Yet another business that you can start is a cleaning service company (housework, laundry, cooking…) as we know that HK is one of the most developed cities and all the family members need to work together to cover their household bills and expenses.
Some are doing jobs from 9-5 and some started their own businesses. Because of this, people usually have no time for house work or housekeeping, and full-time workers are expensive, thus cleaning service companies make life easier for its customers.
3. Furniture Making and Remodeling:
The furniture making and Remodeling business in Hong Kong has become increasingly popular in recent years. It includes the manufacturing of household, office and kitchen furniture,etc. As the demand for space-saving furniture is rising and thus people usually prefer personally styled, custom-made and multi-functional furniture.
You can start with manufacturing furniture or remodeling the old ones for resale. You can make any kind of furniture like wooden furniture, antique furniture, plastic furniture or easy-to-assemble furniture.
4. Online Food Store/ Homemade products:
HK is a fast-paced and developed city. Everyone everywhere seems to be busy and people usually get no time to buy groceries from the supermarkets. Thus supermarkets set up their online businesses so people can buy while sitting at home but almost every shop sells the same items. If you have some homemade items like snacks or some traditional food items from your place which you like, you can sell it via an online platform. You don’t need a huge amount of stock to start. All you need is a friendly site or a good mobile app.
You can sell your items and ship them to your Hong Kong customers. It is a huge business opportunity!
5. Travel Agencies:
A Travel agency is one of the most successful businesses in Hong Kong. With a very little investment, you can easily establish and build your own quality travel agency. As we know, a vast number of tourists visit HK every month, they for sure need to stay in hotels and they probably need help in transportation, etc. So, you can easily help them in arranging tickets, VISA, transportation, hotel and room reservations and those kinds of services that would make their trip memorable and comfy. But COVID-19 has impacted the travel agency businesses in a bad way, This pandemic is devastating the travel industry but still this industry will rock in the future as people love to travel and thus this is evergreen business.
Thank you for reading this article. We hope that it gives you some ideas about the type of business you can start in Hong Kong. If you have any suggestions, feel free to share with us!