Business Ideas that Will Help You Make 380,000 COP Daily in Colombia in 2024.

Are you sick of your 9 to 5 job and would therefore like to start your own business to be your own boss?

Are you looking for lucrative business opportunities in Colombia? I mean profitable business ideas that will make 380,000 COP daily in 2024?

You might have enough money to start your own business in Colombia but have no idea what business to start.

If you live in Colombia or are a foreign investor who would like to create a business in Colombia, then this post has made it simple for you.

If you’re looking for ways to invest or establish a new business in Colombia, you’ll find that there are plenty of intriguing and emerging areas to choose from.

With Colombia’s growing middle class and concomitant spending, new industries are emerging, and existing industries are expanding their markets.

Colombia is known for several attractive industries to invest in that may never have known about.

Keep reading to learn about Colombia’s many investment opportunities for daily profits.

Here are profitable business ideas that will make you 380,000 COP daily in 2024:

• Online Trading.
• Fast Food Joint.
• Cannabis Production.
• Technology Firm.
• Cosmetics Business.
• Real Estate Agency.
• Boutique Business.
• Craft Beer Business.

1. Online Trading.

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) to buy or sell them.

You only invest in the change in their value over a while, after which you can reap huge returns.

If you choose a given asset, you carry out market analysis and study past data on its price.

After that, you can then decide in 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.

Brokers.

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 Colombia do exist.

Here is a list of the most popular, most reliable, and secure online trading brokers for Colombia:

• Olymp Trade
• Expert Option
• IQ Option
• Binomo
• Pocket Option
• Exness
• XM
• HotForex
• eToro
• IC Markets
• Alpari
• FXTM
• OctaFX
• Interactive Brokers
• Saxo Bank
• TradeStation
• tastyworks

Online trading has been the secret to attaining financial freedom for many, and so you might consider it as well, in 2024.

A disclaimer though is that patience and putting in effort are inevitable if success in online trading will be realized.

Gains.

With online trading, if you have enough experience and proper knowledge of how to trade, then there is no limit to how much you can make daily.

The 380,000 COP 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.

2. Fast Food Joint.

Have you ever thought about operating an eating joint in Colombia?

The country is the greatest spot to do so. Colombians aren’t fools when it comes to eating healthy, delicious food.

As part of lucrative business ideas in Colombia, you can make your fast food stand out among your competitors in terms of price, particular recipe, and exceptional customer service with a value-added bonus that other fast-food restaurants don’t offer.

Profits.

Fast food sells as fast as its name. If you choose this business, you won’t have to worry about selling daily or not selling.

It is guaranteed that if your fast food joint is along a busy street or corner, that you will indeed sell.

The daily profit margins are nothing short of 380,000 COP. Try this kind of business in Colombia in 2024 and come testifying here.

3. Cannabis Production.

The Colombian government legalized Cannabis cultivation and manufacture for medical and research use in August 2017.

The Ministry of Health and Social Protection issues licenses, which vary depending on the type of seeds, manufacturing process, and clientele.

By 2025, the worldwide cannabis market is expected to be worth US$43 billion, with Colombia accounting for US$43.000 million of that.

This anticipated rise in the medicinal cannabis sector has enticed foreign investors, including industry pioneers from North America.

Colombian enterprises benefit greatly from the low-cost production and cultivation potential of medical cannabis.

Countries are already shipping Medical marijuana products all over the world.

At the end of 2018, over 200 companies had registered to obtain a license, demonstrating the appeal and prospects that this new legislation offers.

It’s a worthwhile investment in 2024 if the figures we’ve discussed are anything to go by.

Returns.

Consider the anticipated growth in the Cannabis production sector and do your math.

Daily returns are meant to even exceed 380,000 COP.

If you care about the money, then dive right into the sector by obtaining the necessary licensing and going ahead to do your thing in 2024.

The Colombian and the global market are about to reward you with marked profitability.

4. Technology Firm.

Are you as tech-savvy as you claim to be?

Do you realize that you may start a tech consulting firm in Colombia and earn a nice living?

What you need to do is put together a team of tech specialists who can help you with your company.

You’ll start earning contracts if you approach large and small organizations that need tech specialists to work on their software or systems.

In Colombia, a technology consulting service that assists businesses with the implementation and operation of their technology solutions is in great demand.

Colombia is Latin America’s third-largest provider of IT services, with software and IT-related services accounting for 1.19 percent of the country’s GDP.

Medellin, in particular, is home to a slew of tech start-ups that are attracting global investment. Rappi, a Colombian digital business that is rapidly spreading to other LATAM nations, is one of the best instances of the country’s success.

Rappi currently allows employees to perform services such as walking the dog or even withdrawing cash from an ATM, in addition to providing an online marketplace with numerous merchants that deliver directly to the client’s door.

Profits.

Considering the perspective obtained from the above discussion, go ahead and start a tech-related firm. 380,000 COP daily in profits will be something achievable even within the first few months into the business.

It is a worthwhile business to start in Colombia in 2024.

5. Cosmetics Business.

Colombia’s cosmetics business is Latin America’s fourth-largest, with a projected 14.5 percent annual growth rate through 2025.

Colombia’s market is worth $3.1 billion at the moment.

This number is only anticipated to rise as the middle class grows in size and spending power.

Men are buying more specialized items, which broadens the target market, in addition, women seeking higher-end and natural products.

Colombia has the largest per capita consumption of skincare products in Latin America.

With Bogotá accounting for over half of all cosmetic sales and production, many foreign corporations, such as L’Oréal and Belcorp, are creating product centers in the city to reduce the gap between business and customers.

The natural product market, which is yet untapped despite rising demand, and color cosmetics, which is the fastest-growing category in the global cosmetics industry, are both promising.

Entrepreneurial enterprises can focus on incorporating the needs of consumers into their product line as women become increasingly interested in DIY treatments rather than salon treatments.

Direct sales and in-store distribution account for the majority of current distribution.

However, e-commerce is becoming more popular, posing a threat to traditional methods of selling.

You can therefore consider setting up an online store for your cosmetic products.

Gains.

Given the high demand and that you are meant to sell both locally and abroad via your online store, 380,000 COP daily is nothing beyond your reach.

Try this kind of business in Colombia in 2024 and reap the benefits therein.

6. Real Estate Agency.

People must relocate and seek suitable housing.

This is where the role of the real estate agent comes in.

And people will always be moving as their lives change in one way or another.

Whether their incomes change upwards or downwards, people will always be on the move and in search of different housing conditions.

An ambitious entrepreneur who wants to establish this business should first meet with people who are currently in the business to learn the ins and outs of the industry so that they do not fail.

It is a way of conducting market research that gives you invaluable insights into what you are just about to venture into.

Your main task is to connect homeowners with renters to earn a commission.

You may receive up to 30% of the transaction in some situations.

This gives you every reason to pursue a real estate agency as a business.

Returns.

Do you realize how big of a business this is in Colombia?

In a month, you have the potential to earn at least $10,000 from a commission.

That translates to an amount way much more, about three and a half times the daily 380,000 COP we are talking about here.

There is no limit to how many clients you can link to homeowners daily.

As we mentioned, you may earn as much as 30% of the deal the homeowner strikes with the renter. In brief, your daily earnings are limitless.

7. Boutique Business.

If you want to create a profitable business, the apparel industry is always an excellent choice.

There isn’t a place on the planet where the clothes industry isn’t booming.

You and I both wear clothes and wish to appear beautiful at all times with good shoes and accessories, and you may shop once a month.

You only need to choose a nice location where you may rent a store and begin purchasing high-quality clothing, shoes, wristwatches, and other items sold in the boutique.

One of the advantages of running a boutique is that you can constantly make sales.

Gains.

With a boutique business, the potential to make over 380,000 COP daily is not something to grope in the dark for.

You can make such an amount and even more daily. Start your boutique business in Colombia in 2024 and reap big.

8. Craft Beer Business.

Where would one get the audacity to argue that Colombians do not enjoy their beer when the numbers scream out loud?

66.1 percent of the population prefers beer to any other alcoholic beverage.

Even though large-scale beer continues to dominate Latin American consumption and small brewery shares are smaller than on any other continent, Latin America’s growth rate of 6.6 percent demonstrates its burgeoning market.

Colombia’s alcoholic beverage tax change in January 2017 increased the tax on wine and spirits, but not on beer.

This caused a substantial number of consumers to transfer from wine or spirits to beer.

The Bogota Beer Company is an example of a success story. Berny Silberwasser founded BBC in 2002 when the craft beer sector was almost non-existent.

He remained believed in his business model until he sold it to Anheuser-Busch InBev in May 2015.

Mela Craft Beer, Happy Jaguar, Cerveceria Gigante, 3 Cordilleras, and Managua Mohan are among the many Colombian craft beer entrepreneurs.

They are carving their way into the burgeoning craft beer market. Your name can appear on the list above beginning in 2024 if you decide to invest in the craft beer business in Colombia.

Profits.

Consider the already high demand for beer among the Colombians. 380,000 COP daily is a goal you can easily achieve.

Venture into this business in Colombia in 2024 and share in the limitless returns here.