4 Profitable businesses to start in Singapore
Here are some of the profitable businesses to start in Singapore
1. Courier and Freight services
Singapore has an excellent transport system with the state of the art infrastructure under the management of Land Transport Authority which is fully backed by the government.
Logistics and parcel delivery services will therefore do pretty well here. This business involves storage, shipping and documentation of delivered parcels. You may opt to do your operations strictly within Singapore or extend it to international freight. What you do is simply register your business with the relevant authorities in order to acquire the required certificates and licenses.
Agriculture business is not so much of a business option for many Singaporeans despite there being high demand for food and other domestic agricultural products for the country than it produces. That is why more than 90% of the needed food to feed the entire republic comes from UK, China, Malaysia and US. The best way to go about this business is to embrace vertical farming which highly relies on technology for its high produce.
3. Videography and editing
Video production demand is on its rise globally in today’s digital era. This is because majority of internet users prefer video content more than they do written one. Moreover, it is an important part of branding for businesses through Ads, tutorials, imagery and other forms of video marketing. So there’s huge market for this type of business. To start, ensure you equip yourself with the required skills then do your research on the market to avoid the financial mistakes.
4. Elderly care services
It’s no doubt that every senior citizen demands for care due to the aging factor. Statics by “Population Sg” predict that the number of older citizens in Singapore may double by 2030.By law children are supposed to take care of their aging parents. However this is not a reality to every aging parent due to various reasons. With this potential demand you can make a living through providing daily care for some of these people in terms of hygiene maintenance, housekeeping, meal preparation etc.
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