Are you packing up your life from where you are right now and you would love to go to Bolivia, but you are constantly in fear of what to start up there? Or maybe, just maybe, you have been in the region for a while now and you need a business venture to get into. No matter what category you fall into, even if not in the genres that we have listed above, we got you covered, and we are taking our hints to Bolivia for today.
Bordered by the likes of Brazil, Paraguay, Argentina, Peru, and Chile, Bolivia is one of the most beautiful countries in South America. You can’t really see the beauty of a place when you’re poor though, so why not let’s talk about how you can make some money here?
1. Craft Store
This takes precedence over all other points which we are going to drop because, for those that are familiar with the South Americans, you would know that they are a lover of art in totality. You could decide to only sell crafts, craft ideas, or both as the case may be. Be creative, very artistic, and can even employ some creative hands to always pump freshness into the business. There is never a small business, and a small shop now could become an empire in the future.
2. Wedding Photography
The rate at which weddings are conducted in the Bolivian region makes the area one of the prime venues for the setting up of a wedding photography business. All year round the services of a good wedding photographer is always in demand and what makes this a very good option again is the little capital that it requires for a start-up. A camera is enough tool to start with. Get some fliers and banners out to advertise your business and be a constant spectacle at wedding ceremonies to make your presence felt.
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3. Event/ Party Planning
When we talked about wedding parties above, we failed to mention that the people of Bolivia can get it down too, and they do love a very good party to themselves. Since the place is always buzzing with one kind of party or the other all year round, there is a need for a very good party/ event planner to make things go according to plans. You don’t really need much to start this business. Get some contacts in the catering business, some others in the decorating firm, and others that you might need like that till you can get your own in-house professionals. Plan the events and everything related to it and make sure the party is great. Next thing, smile to the bank.
4. Trucking/ Haulage
As the name might have implied, this business involves the transporting of goods from one place to another, and most of the time, we are not talking about light merchandise. Asides from the fact that this would require you to be a good truck driver (or employ a good driver if you can afford it), it also entails that you know how to properly manage a business. To succeed in this field, you would need to arm yourself with the right tools for the job, the right contacts, and also, the right prospects for the business that you are setting up.
5. Car Rental Ventures
This is particularly a good fit for the above-mentioned location because of the kind of yearly influx of visitors that the region gets. If you have as much as just one RV, you could rent it out at affordable rates to visitors, expatriates and also, tourists, who would, want to see the length and breadth of the land through a personal car.
Before you commence this kind of business, we would advise that you put important plans in place such as a good repair system, a nice insurance policy, and also, create an agreement for the business that would bind anyone that wants to rent your vehicle. All these are to ensure the best use of your car when it gets out of your sight.
So, for the investors who take things seriously, there you have a list of interesting ventures to dabble in when you are in Bolivia.
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