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I prepared a short list of potentially profitable business opportunities in China for foreigners in the coming years.
You can take it as a reference in choosing your own niche markets.
1. Online Shops, Trading Platforms
Choose a right niche market, you can open a web store or a platform to make some good money in China.
You can get the most advanced technology and convenient support that favors online businesses.
2. Online Business / Services
Many Chinese starting to offer online services since Chinese consumers/companies are more willing to pay for service than before.
It is especially easy for foreign small startups and freelancers to offer some special and unique values in the China market, and it would be easy if you are creative.
- You can sell academic copywriting services.
- You can provide consulting services.
- You can sell various design services if you are capable enough.
And you can start right now without spending a lot of time and money in obtaining licenses or certifications.
3. Import and Export
You can either source from China and sell in the other part of the world, or sell products to Chinese big buyers.
- Chao represents some biggest tree nuts buyers in China, most of them from LinAn, buying hundreds of containers every year for macadamias, pecans, walnuts, almonds.
- It is not that difficult to find a factory in China to OEM your products and you can start building your own brands. Chao had successfully help foreign business owners to find Kitchenware, Wigs, Baby Shoes, Home Appliances.
- Chinese meat processing factories bought a huge volume of beef/pork from overseas.
Chinese consumers are more health-conscious than in the past.
The mainstream public healthcare system in China can not satisfy the needs of Chinese patients.
Many good nutritional supplements are not produced in China.
Some niche markets
- Foreign hospitals, clinics
- Aging market needs a lot of awesome products
- Medical equipment
- Nutritional supplements
- Anti-pollution products
- Overseas medical tourism
Everybody knows It is a very profitable business.
However, you should be ready to go through all the obstacles before acquiring a license.
You can access to a more broader market when you become a real local player.
6. Cosmetics, Skincare
Everybody wants to stay young and be beautiful.
Chinese consumers, especially women, spent tons of money on cosmetics and skincare products.
Take advantage of it.
The education market is a golden mine in China, and a prime area is left for foreign business.
All Chinese parents are willing to spend a lot on education for their children.
Private schools are expanding, and Chinese are also more willing to pay for their own self-improvements.
Nowadays Chinese tourists are traveling everywhere.
Most middle class Chinese choose overseas destinations instead of overcrowded, traditional domestic destinations, especially in public holidays.
Hotel, restaurants, air flights, car rentals, travel shops, tour guides and many other travel relevant market niches are benefit from this.
China is the second-largest movie box office market in the world.
10. Food / Wine
Everyone loves and needs food, and Chinese consumers are looking for better and safer food.
All kinds of foreign food /wines in the China market sell well if they are allowed to be sold.
China is facing continual food-safety crises and it will be a long-lasting challenge for Chinese.
New technology is encouraged in this field, especially on value added products.
Good supply chain management is urgently needed for many sectors in China.
You can find various niche markets in this area and it is very close to money return considering the booming e-tailing in China.
13. Wealth Management
High-net-worth individuals in China still has limited access to investment skills.
They are eager to broaden their investment portfolios.
14. IT Services／Software
Most Chinese companies, either big or small, want better software and IT services.
They will resort to external resources to solve their technology challenges.
For some specialized niche markets, you can make a fortune from Chinese buyers who needs professional services.
15. Clean Technology / Ecological
China has its pollution problems as we all know.
- Clean energy,
- Anti-pollution products
- Afforestation projects,
- Garden landscape engineering,
could find its opportunities here.
But for some projects, it is challenging to get through some policy and connection problems before you can break into the China market.
16. Electronic Products and Accessories
Electronic products and accessories are generally cheap in China.
A mature profitable business model is to source electronic products and accessories like memory cards, batteries, USB cords and sell to the rest of the world.
How to Choose A Right, Profitable Niche Market in China For You?
Follow my 7-Step Formula in Ultimate Guide to Finding Your Profitable Niche Market in China to uncover your profitable business opportunities in China.
If you have some idea, you would need a right Market Entry Strategy.
Cheng Chao has extensive expertise in China market entry, global translation & localization, cross-border business development, and global digital marketing.
Chao founded ChineseTrans, where he led a team of senior linguists to establish ChineseTrans as the market leader in professional Chinese translation services.
Since 2011, Chao has served as the managing director of SinoStep, a consulting agency helping foreign investment enter into the China market. Backed up with a strong team of China business consultants experienced in different sectors, Chao has successfully introduced dozens of overseas brands into the China market, established their operations in China on early stage and adapted their businesses to the China market.
see Chao's Bio
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