Minimal tax rates, low import tariffs, free trade agreements, a competitive economy, strategic location, cutting-edge infrastructure among other advantages make the Middle East one of the best places to do business in the world. Palestine included.
Should you want to start a small profitable business in Palestine in 2022 then here are some business ideas to try.
- Online Trading.
- Fresh Food Business.
- Electronic Repair.
- Insurance Brokerage and Consultancy.
- Handyman Services Company.
- Freelance Website Design.
Online trading is the buying and selling of digital financial assets which are listed on the asset market.
Here, you do not have to possess goods or services (assets) in order to buy or sell them.
You only invest in the change in their value over a period of time, after which you can reap huge returns.
If you choose a given asset, you carry out market analysis and study past data of its price. After that, you can then decide which direction the price of such an asset will go.
If you hope that such a price will go up in the future, you only need to click on the Buy or up button and wait.
However, if you anticipate such a price to fall, all you need to do is hit the Sell or down button and wait.
If the price moves in your favor, you are meant to profit from the price movement but if it moves against you, then a loss is inevitable.
Assets traded online include Currency pairs (Forex), Cryptocurrency, Indices, Commodities, ETFs, Bonds, and Stocks, among others.
You can invest in the change in prices of such assets and stand a chance to profit big-time.
One thing you will need to understand before we proceed is that for you to be able to trade online, you need access to the assets mentioned above.
The only institution that can give you access to the markets is called a broker.
A broker, therefore, is the link between traders and the asset market.
At the beginning of every trader’s trading journey, they must choose a broker, from the thousands of them that exist.
Some have even been conned at the very onset of their trading journey by falling for scammers posing as brokers.
That makes this step of the trading journey very important and critical, and that is where we come in handy to inform you accordingly.
Several brokers suitable for willing traders in Palestine do exist.
Here is a list of the most popular, most reliable, and securest online trading brokers for Palestine:
- Olymp Trade
- Expert Option
- IQ Option
Online trading has been the secret to attaining financial freedom for many, and so you might consider it as well, in 2022.
A disclaimer though is that patience and putting in effort are inevitable if success in online trading will be realized.
With online trading, if you have enough experience and proper knowledge on how to trade, then there is no limit to how much you can make daily.
The ₪ 320 daily target is a drop in the ocean if you have invested enough time, enough capital and know exactly what you are doing.
It feels like printing your own money.
Fresh Food Business.
While agriculture continues to be a major contributor to the Palestinian economy, the country’s agricultural sector can still do more to meet the country’s growing demand for fresh foods.
Set up your farm if you have enough money to begin farming in Palestine.
Your contribution may be the deciding factor in the country’s ability to meet the growing demand for fresh foods.
Plus, you’ll be able to make money while helping others.
Some of the fresh foods you could consider growing are such as vegetables, fruits, cereals, and many others.
In each fresh food category, there are so many options you can choose and it all depends on which particular one is in higher demand than others.
Conduct proper market research to establish what to farm.
Anything agricultural, more so to do with fresh food, is meant to sell like no man’s business in the Palestinian market.
You can be sure that once your crops have yielded and are ready to sell, ₪ 320 daily will be only the lower limit.
You can double and triple that amount daily depending on the scale of your operations.
Are you well skilled in repairing electronic devices?
Then you have a fantastic opportunity to start your own electronic repair company in Palestine!
Many people in Palestine and anywhere else would prefer to repair their broken devices rather than discard them.
Most especially, the electronic devices you can make a lot of money repairing smartphones and computers.
They are trendy gadgets and almost every person on the planet owns a smartphone and a computer.
This demonstrates that the business opportunity in device repair is enormous.
Individuals would rather repair their devices than throw them away if they become faulty.
If you have the ability or experience to repair electronic devices, this is a fantastic opportunity for you to profit.
As a result, this could easily be a viable and very profitable business opportunity in Palestine in 2022.
Repair a few devices a day and you won’t lack enough money to live on.
Push a little harder and get enough money to expand your business to proportions of hiring other experts.
Work at it and the ₪ 320 daily dream will eventually come true.
It won’t take long before you can begin generating over ₪ 320 on a daily basis as your business grows.
Insurance Brokerage and Consultancy.
In Dubai, Abu Dhabi, and other emirates including Palestine, health and car insurance are required, so everyone needs health insurance as well as car insurance.
What does an insurance broker do?
As an insurance broker, you only act as an agent for large insurance companies.
You sell insurance and profit from it.
You can imagine how successful it would be if everyone in Palestine required insurance in the same way that they required food and clothing.
To increase your profits, you can also be creative enough to begin an insurance consultancy firm.
Insurance consulting is also a viable business opportunity in Palestine, where almost everyone requires insurance cover but may not have enough information on the same.
As a result, you can start your insurance consulting firm, besides brokering insurance covers.
You can partner with a number of multinational insurance companies with established branches in Palestine for this course.
To succeed in this business, you’ll need good communication skills as well as networking abilities.
Wanna see how ₪ 320 is achievable on a daily basis with an insurance brokerage and consultancy firm?
See only 10 clients daily and engage several multinational insurance companies for deals and see if you won’t even surpass such an amount.
It will be possible through aggressive marketing both online and offline, as well as proper collaborations.
It is a worthy business idea to consider in Palestine in 2022.
What exactly is dropshipping?
This is where you set up an online store to sell the products of others.
This implies that you are not responsible for any manufacturing or shipping.
Your sole responsibility is to sell, and you will be paid a commission for each sale.
Are you afraid of losing money by stocking up a product and then it later drops in price or gets spoiled?
Then drop-shipping is the business for you.
Dropshipping is a popular business idea in Palestine and the Middle East in general.
Note also that the entry barrier is also low, and you don’t need to put as much money into it to get started.
You won’t require any money to buy products, but only enough to set up a website and an online store and keep it running.
Look. I know you might be wondering how you will be earning ₪ 320 daily, but I will show you.
You are not drop-shipping products from a single manufacturer.
You are selling products from several makers and the best part of it is that you are not selling only locally but across the world.
What is the website for, if you were meant to sell only locally?
An online availability brings clients from both local settings and abroad and you can be sure you will have enough sales daily.
Sales are enough to earn you commissions to the tune of over ₪ 320 daily, and that will be it.
Invest in drop-shipping in the Palestinian market in 2022 and see how much you can make.
Handyman Services Company.
For one reason or another, almost everyone requires handyman services.
With a large population of people living in apartments, especially in Dubai, Sharjah, and Palestine handyman services are in high demand.
If you have a few skilled laborers on hand, this could be the best business to start in Palestine’s densely populated areas, whether residential or commercial.
For maintenance, repair, or replacement of items, people, companies, and organizations would need technicians, electricians, plumbers, and other technical professionals.
What they really want is someone who can complete the job without their supervision or interference.
If you provide a responsible handyman who is qualified, experienced, capable, and reliable, your company will grow to its full potential.
With a handyman services company, you have hired various skilled laborers whom you lend to other businesses, people or homes.
Your company will receive all the payments, then you can, in turn, pay your employees as much as you agreed. The profits here are usually enormous.
You can walk away with even over ₪ 320 daily with a well-established handyman service company.
Try it in Palestine in 2022 and be a first-hand witness to this.
Freelance Website Design.
If you enjoy using the internet, you may be in for some fantastic opportunities.
Do you enjoy creating websites and assisting businesses in expanding their reach? If that’s the case, you should seriously consider working as a freelance web designer.
This is currently one of the best business ideas in Palestine for 2022.
The best thing about freelancing is that you can set your own hours, work from home safely, and eventually turn it into your own company.
It may be difficult to get your first job, depending on your level of experience, but we recommend that you start with lower rates.
You can start charging more once you’ve completed your first job and received a positive review.
Another plus is that if you work as a freelance web designer, you can expand your knowledge and offer other technical services to your clients.
This serves to boost your returns even more.
With time, the daily target of ₪ 320 daily will become a reality.
As you progress and gain trust and more skills, ₪ 320 on a daily basis will only be the lower limit and there won’t be an upper limit to how much you can make daily.