Let me guess, you want to leave full-time employment to concentrate on your own stuff.
But despite being sure that you want to start your own small business in 2024, you still don’t know which one.
Well, if you are in South America and reading this post, you might as well want to stop everything you are doing and give me your undivided attention.
By the time you finish reading this post, you will be well aware of the most profitable business you can start in Argentina, businesses you can start without capital in Brazil, and/or even growth businesses to go for in Colombia.
Are you ready?
Let’s get started.
The Best Small Businesses to Start in Argentina in 2024.
If you are in Argentina and would like to start your own small and profitable business in 2021 then look no further than in the creatives industry.
As a creative in Argentina, you are almost guaranteed a place to sell or display your art or craft.
Try to picture this, Buenos Aires alone has 400 theatres, an Arts District, Villa Crespo, and the oldest art fair in Latin America.
If the theaters in Buenos Aires alone can’t convince you enough to set camp in Argentina, then use these facts to decide if art in Argentina is still worth it.
It is estimated that Argentina received 0.6 million international tourists in 2023. And other than seeing the scenic attractions in a country what else do you think would bring a tourist to your country?
Of course, the good culture which they almost always take with them in the form of souvenirs.
Not to force art and craft down your throat though, you can also become a business consultant in Argentina, start a digital marketing agency, develop and sell mobile apps, make money packaging, and sell customized tours in Argentina.
The list is endless.
If all that doesn’t interest you, consider investing in the stock market with Olymp Trade.
A new Olymp Trade account comes with $10,000 which you can use to practice trading.
The best part, you can use this link to create your account in Spanish.
2. Best Small Businesses to Start in Brazil in 2024.
Brazil is the biggest of all South American countries.
Do you know what that means?
It has the largest population in the region which keenly translates to more buying customers in South America.
You don’t believe me?
Here’s proof. In 2019 when an estimated 7.3 million international tourists visited Argentina, nearly 1.5 million of the said tourists were Brazilian residents.
They booked hotels, planned itineraries, and searched for taxi tour guides, among other things tourists do.
In 2024, you can start your tours and travel consultancy agency in Brazil to make money from doing all the things that tourists find hectic.
With the statistics from 2019, it is almost certain that Brazilians will want to hire you for customized travel services.
Other businesses to consider starting in Brazil in 2024 include:
- Luggage delivery business for tourists.
- App and software development business.
- Start an e-commerce business.
- Produce and sell bottled water in Brazil.
- Produce and sell wine in Brazil.
- Sell pet food in Brazil.
- Become a professional consultant in Brazil.
That’s not all,
You can also invest in currencies in Brazil with the help of the Olymp Trade Mobile app.
Interestingly, the app is now available in both English and Portuguese.
Join Olymp Trade with this link if you’d like to trade in Portuguese.
The application is also available in English with the Freedom to switch between languages.
3. Best Small Businesses to Start in Colombia in 2024.
What’s the most profitable small business that anyone can start in Colombia in 2021?
That would be the hospitality business.
Even though Colombia isn’t so much a popular tourist destination as Argentina and Brazil, it is still a tourist destination to reckon with.
In 2019 alone Colombia received over 4.5 million foreign visitors.
And it’s not like it is difficult to start a hospitality business in Colombia.
All you need is enough capital and the will to do business.
The rest is almost well taken care of.
Interestingly, the government gives tax exemptions for all capital goods in tourism-based exports.
And, it also gives tax discounts to employers for giving employment opportunities to handicapped or disabled workers.
If you ask me, a sector that’s supported by the government almost always grows so fast.
If you invest in the hospitality industry in Colombia in 2024, chances are, you may not go wrong.
An alternative to starting a hotel business, a restaurant business, a bar, or a tours and travel company in Colombia would be to: –
- Start a business in the mining sector in Colombia
- Make apps and software and sell them in Colombia
- Teach English as a second language in Colombia
- Offer business-to-business services in Colombia
If none of these small profitable businesses to start in Colombia interest you, consider investing with the Olymp Trade app.
With over 90 assets to trade on the platform, you get the chance to invest in different assets including stocks and crypto every day of the week including public holidays.
Interestingly, the app allows you to trade in both Spanish and English.
4. Best Small Businesses to Start in Venezuela in 2024.
It is almost impossible to talk about small business ideas and opportunities in Venezuela and skip the entertainment industry.
Bad as things are in the entire world, Venezuela still has a vibrant entertainment scene.
The people of Venezuela still organize events and festivals to reach citizens and distribute culture in difficult situations.
Do you know what that means?
You can still start your small business in events management, theater performances, or come up with outdoor entertainment gigs and your business will still make sense.
Mine bitcoin, make apps and software, or even better, sell used items.
Otherwise, education and alcohol are still great industries to pursue in Venezuela in 2024.
Also, don’t forget that the Olymp Trade app is also available in Venezuela.
5. Best Small Business to Start in Peru in 2024.
While Peruvian food restaurants are still profitable business ventures in Peru, we don’t know when the industry will fully heal from the COVID-19 effects.
For that reason, I’ll go with Beauty Centers on this.
Without any doubt, the aesthetic and beauty sector is constantly growing all across South America.
I can not emphasize more that men and women from different segments of the Peruvian population are increasingly getting concerned with the care of their bodies and their well-being.
Do you know what this means?
Most people in Peru are willing to invest in their bodies.
Be it on massage services, waxing, manicures, or skin treatments.
As an entrepreneur, you can choose to use this information for your benefit or ignore it together.
If you choose to use it, thumbs up.
If it is not your fit, then you may want to consider investing in indices, stocks currencies crypto, and metals.
You can invest with the Olymp Trade mobile app to start earning every minute.
6. Best Small Business to Start in Chile in 2024.
Chile is one of the countries in South America that’s ideal for startups.
Apart from its good infrastructural facilities which favor all kinds of businesses, Chile prides itself on supporting new businesses through different programs set up to aid startups.
For example, Chile offers foreigners who are interested in setting up business in Chile incentives such as: –
a. Startup capital,
b. A six-month stay
c. And free office space capital.
With all these benefits, what’s the best small business to start in Chile in 2024?
If you want to start a business in Chile in 2024, consider:
i. Venturing into real estate
ii. Start your business in the tourism sector
iii. Start a transport and logistics business
iv. Become a photographer in Chile
v. Teach English and Spanish in Chile
vi. Open a retail store in Chile
What other profitable business can you start in Chile in 2024?
Become an investor in Olymp Trade. Invest as little as $1 and earn back profits on correct predictions in as little as 1 minute.
7. Best Small Business to Start in Ecuador in 2024.
Ecuador is a fast-growing economy in South America.
And like in Chile, Uruguay, and Paraguay, the business environment in Paraguay is less competitive and with more possibilities for profitability.
Take for example the soap, cosmetics, and candle-making business; it is something that anyone can start and it is still as lucrative as it is profitable in Ecuador.
Other businesses to start in Ecuador for success include:
a. Poultry business
b. Cattle breeding
c. Fresh juice business
d. Wall painting and graffiti cleaning business
e. Online tutoring
f. Become a web developer
g. Sell used cars.
If you don’t like any of the business ideas in this list, consider online trading.
As a trader, you can make money by speculating the outcome of different assets over a fixed duration of time.
In Olymp Trade, the minimum time for trading is 1 minute but you can also open positions that last as long as 23 hours.
Start trading in Spanish, join Olymp Trade.
8. Best Small Business to Start in Bolivia in 2024.
There is no day that you will talk about profitable businesses in Bolivia and not talk about natural gas, silver, zinc, lead, tin, gold, quinoa, soybeans, and soy products.
But while it is a capital-intensive and tedious process to extract natural gas or zinc; it isn’t so much a task to grow soybeans and to make soy products.
For that reason, I wouldn’t think twice about advising you to start agriculture or sell agricultural produce in Bolivia.
If agriculture isn’t your forte though, consider starting your business in the hospitality space.
i. Start a food delivery business in Bolivia
ii. Become a food tour agent in Bolivia
iii. Start a tours and travel agency
iv. Become a computer repair agency
v. Start a childcare service in Bolivia
vi. Open a cafeteria business
vii. Purify and sell bottled water in Bolivia
Or better yet, work from home as a trader in Olymp Trade.
9. Best Small Business to Start in Paraguay in 2024.
If you live in Paraguay and would like to start a profitable business in 2024, consider something in hospitality.
What do I mean?
I mean the tourism industry in Paraguay is growing just as fast as in any other South American country.
All over the world, tourism is very profitable for hotels, restaurants, pubs, and transport among other areas in the economy.
Other than hospitality, tourism, and transport, you can start a business in the agricultural sector, the security sector, real estate, import, and export, arts, and craft, or even in ICT.
10. Best Small Business to Start in Uruguay in 2024.
Of course, the list can not be conclusive without talking about Uruguay.
Which small business can you start with low capital in Uruguay?
Just like in all the other countries in South America,
- Agricultural businesses will do good
- Businesses in the hospitality space will do better
- Businesses in the travel and tour industry will do great.
But of course, there are some emerging trends like in the technology space, work-from-home jobs, mining… you name it.
And of course, the entire list is dismissible if there is no mention of online trading which currently is what almost everyone in South America does.
My recommendation, use Olymp Trade if you need the best results. And, if you want to trade in your local language.