Thinking about new small business ideas in China which are not only profitable but also sustainable in future? Here are 18 best small business ideas and business opportunities in China which you can consider while starting a business.
The founder and chairman of Alibaba, says that the Republic of China is considered to be the next greatest frontier especially for small businesses.
According to one of the articles at Forbes, the growth of China has enriched lots of entrepreneurs throughout the globe. It’s been happening since the time when China launched the economic reforms. It was around three decades ago. After that, the country emerged with one of the fastest growing economies in the world.
If you are living in China and planning to start a business, here are some of the best small business ideas in China in 2020.
18 Profitable Small Business Ideas in China 2020
1. Teaching English Language
Since English is not the official language of China, therefore most of the Chinese are not fluent in English language. However, a great number of people coming to China from different countries for doing trade and other purposes mostly speak English.
Moreover, Chinese now see the importance of English and they are appreciating the locals to learn the language. So, if you are fluent in English as well as Chinese, it is a great business opportunity for you to start the English Learning Centre and offer classes in China. You can also provide home tutoring services with some additional fee.
2. The export – Import of Timber
Throughout the globe, Timber is an important element in construction and furniture making. You can check out the demand of timber in different countries by looking at the facts and figures.
After doing this, you can start up your business by connecting the local market of timber to the foreign producers of timber with the buyers in various markets. It is one of the most lucrative small scale business ideas in China for 2020.
3. The production and import/export of Tobacco products
The Tobacco products can let you earn a lot of money. However, before starting this kind of business, you need to do some market research about the subject. It is better to know your market in advance. The business of Tobacco products is financial rewarding to a great extent.
However, in order to become successful, you need to have a deep knowledge of the health regulations, policies of the government and other such important details.
4. Direct Marketing
Direct marketing is an informal business. It only requires you to have good communication skills and links with people and companies. It is one of the best businesses in China in 2020. The reason is that it is easy, simple and reliable.
However, you have to make efforts in order to become successful. Determination is very important in this type of business.
5. Health Products Supply
The last few decades have been the times of the growth of consciousness of health, fitness and wellness throughout the world. As a result, a huge market of health and wellness has now taken up a way and it is still increasing.
China is also very famous for the varieties of herbal teas and other healthy soups. Investing in this field can help you develop a lucrative business in the country.
The products that you can sell include tea, spa and hair products, fragrances, ginger drink, oil, beauty products, etc. You can start the business on a small scale and then expand it further gradually.
6. Providing supplementary education
It is an amazing small business idea in China in 2020. Education is one of the most important things in China these days. It is very clear from the success and the rate of development of the country that they study thoroughly and seriously.
The adults are also very conscious for the education of their kids. Therefore, it is a great idea to open an after-school tutoring center if your own. In this way, you can provide the students the opportunity to learn and gain knowledge in addition to their regular school timings.
Most of the people want to send their kids to such tutoring centers so that they can prepare well for the exams. Therefore, it is a great in-demand small business opportunity in China.
7. Starting an internet business
In China, people confront internet issues and everyone does not have an internet connection. However, everybody needs to have an access to the internet.
That is the reason there is enough potential in the idea of starting an internet business. It is a clever choice and can be a successful way of earning money.
8. Start Online Shop
China is such a country that has developed a lot in a short time. The technology has also advanced greatly in the country. It enables an environment for the stores on the internet for shopping to thrive.
If you are a citizen of China and you have a fine access to the internet, then you can easily start the business of an online store.
The best part is that there is no need of having all the products that you display on your website. Rather, you can get the orders and then manage to purchase/manufacture the products according to the requirements of your customers. It is a lucrative small business in China entrepreneurship.
The concept of the tourism business is a bit different in case of China. Currently there are lots of tourists from China who travel in various countries of the world.
Being in China, you can make become a tourism agent if you have links in different countries. Even if you do not have links, you can make contracts with the hotels, airways, car rentals, tour guides, etc. to provide a complete package to the Chinese tourists in other countries. It can be a great business opportunity in China if you seriously consider it.
10. Pharmaceutical Products
Another amazing small business idea in China in 2020 is to start a pharmaceutical business. It is true that for running such type of business, you need to have the required scientific knowledge.
However, it is not a very big deal if you do not have enough knowledge. You can do your own research on the internet. You can also hire professionals who a great knowledge about the field. The pharmaceutical industry is financially buoyant to a great extent.
The importance of pharmaceutical products cannot be negated, not only in China but in lots of other countries as well. According to Forbes China, there is a Pharmaceutical company in China that is ranked to be among the ten top class small businesses in the country.
Some other new small businesses to start in China in 2020 that have a lot of potential are as follows:
11. IT services and business ideas in China
12. Business of Mobile Phones and Accessories
13. Production of shoes and bags
14. Production of jewelry
15. Networking services
16. Import/export of crude oil
18. Business of used cars Selling