If you want to start your own business, but you don’t have a lot of money or you are worried about investing in something that will not be very successful: this is for you. We present some of the most profitable types of businesses in Mexico.
Although dedication and effort are important elements for a business to be successful, there are also some factors that can intervene in this mission. In other words, there are businesses that are more likely to be successful and generate more income than expenses due to their business model or type of market niche.
In this content I am going to share 11 types of profitable businesses, as well as the business categories. With this information you can make an informed decision to move forward with your business. Let’s get started!
11 types of profitable businesses to start
- Food
- franchises
- Online or digital
- drop shipping
- Consulting services
- Educational or pedagogical
- Health & Wellness
- Beauty and fashion
- Podcast
- Resale of imported products
- Grocery stores
1. Food
Without a doubt, food businesses are among the most fruitful in the market, for a simple —but powerful— reason: we all need and want to eat.
If you love to cook or your hidden talent and favorite pastime is preparing delicious desserts that have become a sensation among your friends and acquaintances… Wait no more! Start your food business.
Here are four super profitable food business ideas:
food trucks
Although the investment for this type of business is high, it maintains its profitability thanks to advantages such as the possibility of offering any type of food and mobility. With them you can move to wherever your customers are. In addition, you have the opportunity to decorate it according to the concept you have planned for your business, remember that having a very stylish food truck can help attract customers.
💡 Tip: Food delivery is one of the best-selling categories according to AMVO. Don’t forget to add this service to your business.
Cafeteria
Being one of the most popular food businesses does not mean that they have little profitability, on the contrary. For many people, coffee is an essential part of their daily routine, take advantage and start a coffee shop business where you offer your potential customers a meeting point with family or friends, or a place to relax enjoying their favorite drink.
Creperies or desserts
Crepes are a dessert that we all definitely enjoy. In addition, its production cost is low and, therefore, you obtain a higher percentage of profit. To start a crepe business, in addition to all the edible supplies, you only need a crepe maker, a blender, and a refrigerator.
💡 Tip: offer them sweet and salty, and with all kinds of toppings and combinations.
Almost any type of dessert or appetizer is an excellent business option, do not limit yourself and look for ways to reinvent those traditional dishes or create your version of desserts that only exist in other countries or regions.
hamburger business
Hamburgers are a food that is very popular among people, therefore, they are a great business idea.
Your burgers can be differentiated from those offered by the big fast food chains by giving them that delicious homemade taste. The initial investment depends on the size of the business you want to start, although it will be the largest, then you will only need to reinvest in supplies. If possible, also offer French fries, hot dogs, and drinks to go with it.
Remember that, whatever food business you choose to start, you must use digital tools to promote and make your business more efficient. Open your social networks, create content about your food, sell online.
💡 Tip: It’s a good idea to ask yourself if, for example, near where you live or work there is any food that they don’t sell and you would like to find.
2. Franchises
For a business to become a franchise means that it has passed the death stage of a business (5 years) and has reached the necessary learning curves to become a profitable and successful business. Investing in this type of business model has the advantage of security, you will avoid all the growth challenges involved in starting a business from scratch.
Some of the cheapest franchises to invest in Mexico are:
- Agua Inmaculada: company dedicated to water purification. It has a 4-year renewable contract, you need an initial investment of approximately $70,000 MNX and a 25-square-meter store.
- GI Pharmacies: In addition to the sale of medicines, the concept of this pharmacy includes an office to provide general medical attention at a symbolic price. You need an investment of approximately $250 thousand MNX.
- Wings Army: sale of chicken wings in a retro atmosphere with military symbols, images and pieces. You need to invest approximately $300 thousand MNX and a local of 80 square meters.
3. Online or digital
Online or digital businesses are much more than selling online. They can be defined as all those businesses that use the internet as a tool to market products or services.
They are a super win when we think of profitable businesses because, thanks to their nature, they offer advantages such as: greater reach, the possibility of obtaining higher sales rates, customers, purchase journeys, among others. This will allow you to analyze and plan a better strategy to run your business. You do not need a lot of investment and you can have flexible work schedules.
If you want to know more about digital businesses and how to start yours, here I share a list of ideas.
4.Dropshipping
Dropshipping is a method of delivery and shipment of retail orders that works without its own stock, since it only buys from suppliers what it is selling in its virtual store.
Why should you do? I present three powerful reasons: it is a business that needs little investment, precisely because you do not need stock of merchandise. Second, you can start selling products once you have defined what you are going to sell. And third, you won’t lose money on high-value products sitting in a warehouse.
Amazon, eBay, and Mercadolibre are some prominent companies that work with dropshipping.
I share a list of them.
💡Tip: you can also do . This option will help you expand your business model to a marketplace.
5. Consulting services
Consulting services, as its name indicates, are all those services provided by professionals aimed at company managers to identify their strengths and areas of opportunity, with the aim of creating strategies that increase the profitability of the business.
This can also be an online business offered from the comfort of your home, which means that the investment will be minimal, since you will only need your computer and the internet.
But not everything is hunky with flakes. You need at least these five things to start a business of this type:
- Academic preparation in the area you are going to consult
- At least 5 years of experience in the area
- Excellent results in this sector
- analytical thinking
- Passion for the area in which you advise
6. Educational or pedagogical
If you are an expert in an academic subject, a teacher by profession or have work experience and want to teach what you know; you can start a business that generates extra income, these options are for you.
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- It offers specialized tutorials: they consist of the review or instruction of school subjects. They are generally at flexible times, for a small group of students or individually.
- Preparation of entrance exams to completion: generally requested in the middle of the school year, they consist of reviewing all the necessary topics and doing simulations of the admission exams to prepare the students.
- Now that you don’t like to interact, you can create videos on YouTube or some other social network explaining difficult topics for students. These videos are extremely popular and consulted, and you can also earn income from them thanks to the monetization of reproductions.
7. Health and wellness
The health industry is one of the most emerging and profitable in the market. Not only is there the option of setting up a pharmacy, but if you are a health professional you can offer online consulting services in specialties such as dermatology, nutrition and physiotherapy, home patient care.
8. Beauty and fashion
Starting a business in these areas is an excellent idea, since you will obtain high profit margins. When it comes to fashion, knitting sweaters, vests and even scarves could be the start of a big business. If you have the ability to make, dare to sell online.
Makeup products are in high demand today. Makeup reselling is an excellent profitable business idea, the initial investment will depend on your budget.
Currently, there are suppliers that offer special prices when buying a certain amount of products, take advantage and in addition to offering basic products such as mascara and lipsticks, they offer innovative and striking products such as glitters, pigments and eyeliners of all colors.
Promote your products on the internet and take advantage of all the digital tools to take your business to the next level.
Learn more
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9. Podcasts
If you consider that you have remarkable verbal communication skills, perhaps the ideal business for you is the creation of a podcast.
You don’t need a lot of initial investment since you can start producing your content with just a microphone (which prices range between $400 and $2,000 MXN) and a computer to edit.
However, although it is clearly a profitable business, profits take time to arrive. You must first position yourself to gain publicity from other brands and reputation like any media outlet. Another option is to use production platforms that offer a subscription cost such as Podimo or Ivoox Plus.
💡 Tip: the management and management of social networks and the generation of related content will be essential, so you will attract listeners and increase your profits.
10. Resale of imported products
The world is getting smaller every day. That is why importing products is also a very good profitable business option. I recommend that you focus on one or a few products to import, and one or a few suppliers, so you can ensure quality and purchasing processes. In addition, you must choose the distribution channel that best suits the characteristics of your product or business.
Do not forget to promote your business on the internet and that’s it!
💡Tip: To achieve a profitable product reselling business, cheap shipping is a great help. That’s why I recommend you read our article to find out.
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11. Grocery stores
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