Would you like to start your own business in Mexico? If YES, here are 50 best small business ideas and investment opportunities in Mexico that you can start in 2020.
Mexico is a small business friendly country in North America. Starting a business takes less than ten steps and requires minimal investment. Commercial licenses are still expensive, however. The ease of doing business in Mexico fell to 38 in 2015 from 42 in 2014, according to the World Bank.
But despite this, Mexico remains one of the best places to do business, even for foreigners. Here are some of the best business ideas to try in Mexico.
50 Best Small Business Ideas in Mexico for 2020
This way you have a greener pasture to use in this business. Another advantage of this company is the flexibility it gives you, as you can blog wherever you want, whenever you want. It also paves the way for a budding career in professional writing and writing. It also doesn’t cost anything to get started.
You can start by signing up to online blogging platforms. WordPress comes highly recommended because it is very easy to use for beginners.
- Accounting department
No business (in any industry) can do without good old bookkeeping. If you are a qualified accountant or really good at numbers, this is a very lucrative business to start. Mexico is a land of opportunity as it is a developing and emerging economy and has trade links with its neighboring country, the United States of America. This has led to the growth of businesses which, in turn, need the services of accountants or bookkeepers.
If you have been trained in this area, then there are no obstacles to get started. This business costs little or no capital. The only costs that can be incurred are marketing your services. The good news is that you can sell your services through word of mouth if you have a network of connections. Mexican businessmen are known to place more importance on personal relationships than their American counterparts.
- Computer assembly
This profession is a highly specialized field and requires a lot of technical know-how. If you meet this criterion, you can go, and if you don’t, there is no need to panic. Spend time with someone who does and you are already in business. The high prices of branded PCs have made this area very attractive to companies in developing countries like Mexico.
The arrival of tech-savvy people who simply cannot afford expensive computers has led to the market for standard personal computers. This activity also requires access to computer parts, so you need to make sure that there is a logistics base to make them available.
You can start with the right amount of capital to buy computer hardware and the manpower and tools needed to make a PC. Before you start, you need to do some thorough research on this company.
- Sale of computer components and accessories
There are no special requirements for this business, except the basic principle of adhering to customer service with product quality. There may also be times when customers need help installing parts or accessories purchased from you and you may be able to offer this service as an addition to your business.
- Computer repair and maintenance
It’s a type of business that you can start from scratch. All it takes is the necessary technical know-how and a strong professional principle to provide your customers with the best service you can offer. Once you can suggest that, the sky will be your starting point. Another advantage of this business is that you get the job done from the comfort of your home or wherever you choose. Think you can handle it, then Mexico is waiting for you.
- Computer Learning Institute
We are in the information age and one of the criteria for survival in this age is the ability to use computers. This has provided great business opportunities for experienced IT professionals around the world who are setting up IT institutes to train others for a fee.
Mexico has not been excluded from this trend and this area of activity is still fresh to take as it is still a vastly underutilized sector of the Mexican economy. In fact, foreigners began to take advantage of this business opportunity and open stores in Mexico. Anyway, there is still a lot to do in this area and if you are ready for it you can start a business in this industry.
- IT upgrade service
This is another home based business that has very high profit potential. It includes upgrading computer systems and their components to speed up the computer and increase the load. There are very few companies in this sector, which makes it very attractive.
While it requires a lot of technical know-how, that’s all it takes to start this business. Business includes replacing hard drives in computers, installing additional memory, etc. One of the areas that makes a lot of profit in this business is upgrading business computers.
- Computer design (graphics and Internet)
Computer graphics are an important aspect of the information age. Businesses and individuals (especially freelancers) are in dire need of graphic designers and web designers to help them get their businesses and portfolios online. Graphic designers develop infographics, charts, and websites for clients. It also requires a certain level of technical know-how, but the good news is that the learning curve is not as steep as that of other computer programs. You can inquire if you are interested.
- Computer-assisted publications
It is the process of creating documents for use in print or on the Internet. Desktop editors create catalogs, guides, resumes, brochures, etc. which are printed or generated on the Internet. This activity can be high tech as it requires a good knowledge of design and editing, as well as knowledge of using the software used to design the document.
It also takes a lot of patience and understanding of what customers want. You should be able to draw a visual concept of what the customer wants. You can bill by the hour in this company, or according to the work schedule.
- Bed and breakfast
Are you a very good (welcoming) host? Do you have a house with spare bedrooms? Is your house in a great location? Then this business is for you. You will take care of the guests in your home and receive a token in return. So the next time your city has a carnival or event, rent a place and earn a lot of money. The risks associated with this business are high, so you should make sure you have a security policy in place before starting this business. You can advertise your space on online platforms such as Airbnb.com.
- Car rental
If you live in a city with a large population and your location is a tourist, business, or entertainment hub, you can start a rental car business. This line of business mainly includes booking customer requests and renting cars according to their requests. While it sounds simple enough, it takes a lot of capital and management experience to get started. In addition, proper research is needed to start a business. These studies will include government transportation policies, vehicle registration regulations, etc.
- A coffee
Lately, not too long ago, cafes were the order of the day. Anyone with a passion for coffee can open a cafe. In fact, this craze has led to the growth and phenomenal success of the Starbucks coffee chain, among others. If you know coffee and love it, a coffee is a great way to turn those qualities into good profit.
- Public tour guide
This is another business opportunity for those who live in tourist centers. Sufficient knowledge of the area and of the interesting sites is all that is needed to start this business. It is a very flexible business that can be managed from home. You can attract customers through local advertisements, as well as through recommendations from hotel and travel agencies (mainly hotels and travel agents).
- Corporate hospitality and event planning
This includes professional service, helping to plan corporate events, making them more interesting. These events are usually organized by companies for the benefit of their employees, customers and stakeholders. This business is relatively easy to start and very profitable with many advantages. Business includes all aspects of keeping your customers happy, even if it requires detailed planning and networking.
- Double-decker bus tours
Driving a double-decker bus is a pleasant experience. You can organize sightseeing expeditions and bus excursions. The location of this business should be in a budding tourist hub. This activity requires proper marketing and sales promotion.
- Online learning
E-Learning or E-Learning is all the rage these days. This is due to the Internet revolution combined with the exorbitant tuition fees at traditional educational institutions around the world. If you are very familiar with a specific area or whatever, you can carve out a niche for yourself by providing this service online. All you need to get started is a computer with an Internet connection. You can provide this service from the comfort of your own home. To get started, you can sign up for several online learning platforms such as edx and udemy.
- Financial direction
If you are familiar with the small details and intricacies of financial management, you have some very good business opportunities in this area. You can offer your services as a consultant to both individuals and organizations. You can do this business from home using your computer.
- Internet cafe-: . It is a very popular business with customers. With the rise of the internet has come the growth of this business. You can start this business with the right amount of capital and in a very suitable location.
- Internet Marketing Consulting
In the age of the internet, every business needs a website to stay relevant. But having a website is not enough. You need to get people to visit these sites so that you can take advantage of these sites. This is where Internet Marketing Consultants can carve out a niche in providing technical and branding services to make business websites effective selling tools.
- Creation of mobile applications
With the rise of smartphones and iPhones, building mobile apps has become a viable business opportunity with high potential and huge opportunities. Mobile apps have overtaken websites as an accessible area for online transactions and interactions. It is a very lucrative business to start, although it does require some technical knowledge.
- Online photo sale
Selling photos online has become a huge business opportunity for professional photographers and photography enthusiasts looking to turn their hobby into a profitable business. There are many online platforms for selling photographs, including Shutterstock and many more.
- SEO consulting
SEO consultants provide search engine optimization services for websites. They include various search engine optimization techniques to increase the ranking of sites in search results. When people search for information using search engines like Google, the search results are displayed page by page in ranked order. Search engine optimization consultants are responsible for ensuring that web links appear above other search results. Technical expertise in this area is all it takes to start this business.
- Social media consulting
More than a quarter of the world’s population uses various social networks such as Facebook, Twitter, etc. These platforms have become a cheaper and faster way for businesses to attract more customers, and these businesses are willing to pay. people to create and manage their social media accounts. It has become a very lucrative internet business, especially for women.
- Software development
Another very profitable business for software professionals is the field of software development. The software is used to provide solutions to businesses and customers. This business can be started from home, but it requires a detailed marketing plan.
- Sales software
Selling software is another profitable business opportunity. However, it is not very easy. The good thing about this business is that there are different platforms through which software can be sold. You can sell through your personal blog or website, create an online store, or sell on other online stores.
E-commerce is a growing industry in all regions of the world, including Mexico. It is a very good start-up opportunity, especially for young entrepreneurs. This makes it possible to sell ordinary goods and commodities in a faster, cheaper and more convenient way. It can also be a way to promote new things or products in the market.
- Export-: Mexico is a country of export opportunities. Opportunities in this sector include electronics, computers, cell phones, petroleum and petroleum products, spices, etc. All of these products are the country’s main export products.
- Production of aluminum windows and doors
This business has an attractive market in large and small towns. The business is very profitable and requires little capital investment. The demand for aluminum windows and doors is increasing at a rapid rate due to the sharp increase in crime rate in cities and other suburban centers.
- Make artificial flowers
The artificial flower manufacturing business is a global business capable of generating millions. These products are made of fabric or plastic and they are very durable. Due to their durability, these products are increasingly popular in the design and decoration industry.
This is another lucrative business for entrepreneurs, especially newbies. It takes little capital to get started initially. However, as the business grows, modern bakery equipment has to be purchased for quality production. Once this stage is reached, it is necessary to raise capital.
- Production of banana waffles
It is a business that requires a low capital investment. Banana waffle is mainly served in hotels, restaurants, bars, etc. To prepare it, the green bananas are peeled, sliced, salted and fried. It’s a delicious treat that’s very easy to prepare. So a novice entrepreneur can try his hand at this business. Another advantage of this activity is that few brands offer this snack, so it is still ripe for small establishments.
- Cookie making
It’s a business you can start in the kitchen if baking is your hobby, or you can start the business with simple machinery and equipment.
The bakery is a business that can be started on a small scale. No license required to work. Recently, the demand for bread has increased due to its availability and high nutritional value. Wheat bread is the most popular wheat snack in the world.
- Candle making
It’s a good home business, especially for housewives and moms looking to generate extra income from their creative pursuits. This business is also open to anyone with low start-up costs and can be run from home.
- Candy making
If you love to cook and love chocolate, candy making is a really good business for you. You can start this business from home. It’s a delicious opportunity to turn your passion into a great source of income. Homemade sweets are a favorite with locals.
- Chalk making
There is a ready market for chalk. Schools use it and it is an indispensable tool for tailors. Due to the decreasing nature of colored pencils, they are always in constant demand. Interestingly, colored pencils are very easy to make at home.
- Cotton Swabs – Making: Cotton swabs are an important household item, they are short pins with one or both ends covered with a cotton swab. You can start making cotton swabs from home with a simple small machine.
- Handicrafts -: With an inventive mind and skill in crafting, it shouldn’t be difficult to start a craft business. You can start this business with simple hand tools. However, this activity requires certain skills in the field of craft materials.
- Designer Bindi does
Designer Bindi is a very popular fashion accessory for women. These products come in different types and categories available for sale. It is a very profitable business. Anyone can start this home business with very little capital.
- Detergent production -: The small sector represents 67% of detergents in the country. A new entrepreneur can try their luck in this field by installing a blue detergent powder unit to meet people’s current and future needs.
- Diabetic food production
There is a significant market for wholesale, intermediate and consumer products for diabetics. Health products for diabetics with low sugar content, low glycemic index, etc.
- Production of disposable cups
Disposable cups are in high demand due to their disposable nature and relatively low prices. They are very important for catering establishments due to their disposable nature. It is very easy to make it from home using a simple machine.
- Manufacture of disposable paper plates
Disposable paper plates and saucers are made of unique paper and reinforced with polyethylene to make them airtight. These plates are useful for serving food at parties, family reunions, events, etc.
- Manufacture of disposable plastic syringes
This activity is ideal for those with experience and expertise in the medical device market. These disposable syringes are made from plastics. They are commonly used to treat humans and animals. They are usually used for injection and disposed of immediately, which creates a constant demand for the product.
- USB customization
Custom USB drives are generally considered to be useful tools for promoting a business as well as for marketing products and services. Companies use personalized USB drives with their logos, slogans, messages, etc. for advertising purposes. You need to be grounded in a solid design and have some manufacturing ability to get started.
- Food coloring production
Concentrated food coloring is another lucrative business for budding entrepreneurs. Due to the growth of the food industry, the demand for food coloring has also increased. Food coloring improves the appearance and taste of food.
- Canoe and kayak rental – . If you live near water, you can start with a big business. canoe and kayak rental. The location of your business is usually determined by factors such as accessibility, visibility, parking, and a host of other factors.
- Boutique hotels
It sounds like one of the disruptive models in the hospitality industry, and it’s very profitable. To work, you must have relevant knowledge and experience in the industry. Before starting this business, a lot of research and detailed business planning should be done.
- A shuttle service to the airport: . It is a very profitable business. It requires a lot of management capital. Cooperation with hotels, resorts, tour operators and travel agencies is recommended.
- Airport Arcade Games
It has been one of the most popular businesses in recent times and has attracted adults and teens as well as children. Customers can spend as much time as they want, depending on the wait time. You need to choose games based on your target audience.