Business ideas for developing countries ( Third world countries )
Are you an entrepreneur with a knack for
investing? Do you reside in a third world
or developing country and you are looking
for a way to make your money work for
you? Then below are 20 innovative
business ideas for third world countries .
Many people would rather avoid investing
in third world countries with the belief that
their investments are not secure but smart
investors are aware of the huge
investment potential of developing
countries.
Most Third world countries are blessed
with a lot of natural resources and
unfortunately, lack a lot of things. As a
smart entrepreneur living in a third world
country or just interested in investing in a
developing nation, below is a list of a few
innovative small business ideas you can
take advantage of.
Top 20 Innovative Business
ideas for Developing Third World
Countries
1. Alternative source of Energy
One major thing that most developing
countries lack is constant power supply
and as a result, citizens have learnt to
rely on alternative sources of energy. You
can make a lot of money by supplying
alternative sources of energy such as
solar energy , geothermal energy or Wind
energy. You can also make money from
importing and selling generators.
2. Alternative sources of fuel
The most popular fueling option for third
world countries are petrol, diesel and
kerosene. However, these products are
very expensive and considering the fact
that most people need them in large
quantities daily, a lot of people would not
mind buying cheaper alternatives.
Biofuel and Ethanol are popular
alternatives that people are now
embracing and you would make a lot of
profit by investing in this emerging
business.
3. Fuel Savers
Another smart business idea for people
who are interested in investing in Africa is
the production of products that would
reduce consumption of fuel. You would
make good money if you can come up
with a product that is highly effective.
4. Importation and Exportation
Like I said earlier, developing countries
are blessed with a lot of natural resources
and also lack a lot of things. Starting an
importation and exportation business in a
developing country is a very smart idea.
You can import hot selling items like
computers, mobile phones, solar chargers,
clothes, shoes and some food items while
you export agricultural produce that are
abundantly available and in high demand
by developed countries. Such items
include Bitter Kola, Millet, Charcoal and
palm kernel products.
5. Processed and Packaged foods
Business
You can never go wrong with a food-
related business in a third world country.
Try processing and packaging popular
food items like cassava, flour, custard,
palm oil , flour, wheat, seasoning and
spices and a whole lot of other food
items. You stand to make lots of profit
from this business.
6. Selling Used items
Used items are very popular alternatives
for people in developing countries who
cannot afford to buy new items. Used
items like phones , electronic gadgets,
computers, cars and even clothes are hot
sales items.
7. Meat Packaging and Delivery :
People living in third world countries are
becoming more aware of the health
implications of consuming meat that is
not properly handled in a hygienic way. A
lot of people now prefer to buy pre-
packaged meat instead of the ones sold in
the local markets which would have been
exposed to flies and germs. If you can
afford the equipment, then opening a
meat store is a very good business idea.
8. Security Services
Security is a great challenge for
developing countries. Many individuals
and companies look for ways to protect
themselves from security threats. You can
start a security outfit that specializes in
providing protection for companies and
individuals with hi-tech gadgets. You can
also make money from selling such
gadgets.
9. Real Estate :
The real estate industry is really booming
in Africa and other developing nations of
the world where housing is a major
problem. This is one industry you won’t
regret investing in.
10. Procurement Services:
There is usually a high demand for
procurement services for government
projects and other capital projects. If you
have a good idea of places where you can
get items at a cheaper rate, you can start
your own procurement agency.
11. Haulage and Transportation Services
Manufacturing companies, Importers and
several other business owners need
people to help them move raw materials
or imported items from one location to
another on a daily basis.
Transportation is also a huge challenge
for most citizens because a large number
of people cannot afford their own cars. If
you are interested in investing in Africa,
this is a business opportunity you should
give serious consideration.
12. Data Encryption and Protection
Government agencies, Banks and
multinationals spend millions on
protecting their data from hackers and
spies. If you have the expertise and
resources, you can start your own data
protection agency too.
13. Fast Food / Supermarket Franchise
A MacDonald or Tesco in a third world
country would make great sales because
contrary to popular opinion, People who
live in developing countries love to have
the best things in the world.
14. Cloth Making
You can make good money from starting a
fashion label and making high quality,
affordable ready-to-wear clothing for sale.
15. Educational Consultancy Services
Due to the poor educational system in
such economies, a lot of people prefer to
study in developed countries if they can
afford it. You can offer your services in
these area by providing expert advice and
helping aspiring students package their
college applications and provide Visa
assistance.
16. Travel Consultancy
You can also provide travel consultancy
services by providing online hotel
reservation services, ticket booking
services, airport pick-up and drop off and
tour-guide services to people visiting third-
world countries from other countries.
17. Recruitment Agency
A lot of people are faced with challenges
of unemployment and at the same time,
lots of companies are seeking for ways to
recruit the best hands for vacant
positions. Most of these companies
outsource these services to other
companies.
You can help bridge the gap between
prospective employer and employee by
starting your own recruitment agency and
earning good money while doing same.
18. E-Commerce
Third world countries are not left out of
the e-commerce revolution. A lot of
people are now embracing internet buying
and selling. You too can make money by
starting your own e-commerce store
where you can retail items for profit.
19. Financial Services
There are many business ideas for
entrepreneurs in third world countries but
one major problem is the lack of capital.
If you have lots of funds that you do not
readily need, why not start a financial
services company where you lend this money
out to people and charge them interest for
it ?
You can also make money from brokering
such deals. Look for people who have
money to spare and look for people who
need money, link them together and get
paid commission for it.
20. Survey and Data Collection :
International organizations interested in
Africa, Research Institutes and even
government pay people to gather data and
conduct surveys on particular topics. If
you are good in this field, you should start
a survey or data collection company and
start earning money fromhttps://www.profitableventure.com/third-world-countries/
investing? Do you reside in a third world
or developing country and you are looking
for a way to make your money work for
you? Then below are 20 innovative
business ideas for third world countries .
Many people would rather avoid investing
in third world countries with the belief that
their investments are not secure but smart
investors are aware of the huge
investment potential of developing
countries.
Most Third world countries are blessed
with a lot of natural resources and
unfortunately, lack a lot of things. As a
smart entrepreneur living in a third world
country or just interested in investing in a
developing nation, below is a list of a few
innovative small business ideas you can
take advantage of.
Top 20 Innovative Business
ideas for Developing Third World
Countries
1. Alternative source of Energy
One major thing that most developing
countries lack is constant power supply
and as a result, citizens have learnt to
rely on alternative sources of energy. You
can make a lot of money by supplying
alternative sources of energy such as
solar energy , geothermal energy or Wind
energy. You can also make money from
importing and selling generators.
2. Alternative sources of fuel
The most popular fueling option for third
world countries are petrol, diesel and
kerosene. However, these products are
very expensive and considering the fact
that most people need them in large
quantities daily, a lot of people would not
mind buying cheaper alternatives.
Biofuel and Ethanol are popular
alternatives that people are now
embracing and you would make a lot of
profit by investing in this emerging
business.
3. Fuel Savers
Another smart business idea for people
who are interested in investing in Africa is
the production of products that would
reduce consumption of fuel. You would
make good money if you can come up
with a product that is highly effective.
4. Importation and Exportation
Like I said earlier, developing countries
are blessed with a lot of natural resources
and also lack a lot of things. Starting an
importation and exportation business in a
developing country is a very smart idea.
You can import hot selling items like
computers, mobile phones, solar chargers,
clothes, shoes and some food items while
you export agricultural produce that are
abundantly available and in high demand
by developed countries. Such items
include Bitter Kola, Millet, Charcoal and
palm kernel products.
5. Processed and Packaged foods
Business
You can never go wrong with a food-
related business in a third world country.
Try processing and packaging popular
food items like cassava, flour, custard,
palm oil , flour, wheat, seasoning and
spices and a whole lot of other food
items. You stand to make lots of profit
from this business.
6. Selling Used items
Used items are very popular alternatives
for people in developing countries who
cannot afford to buy new items. Used
items like phones , electronic gadgets,
computers, cars and even clothes are hot
sales items.
7. Meat Packaging and Delivery :
People living in third world countries are
becoming more aware of the health
implications of consuming meat that is
not properly handled in a hygienic way. A
lot of people now prefer to buy pre-
packaged meat instead of the ones sold in
the local markets which would have been
exposed to flies and germs. If you can
afford the equipment, then opening a
meat store is a very good business idea.
8. Security Services
Security is a great challenge for
developing countries. Many individuals
and companies look for ways to protect
themselves from security threats. You can
start a security outfit that specializes in
providing protection for companies and
individuals with hi-tech gadgets. You can
also make money from selling such
gadgets.
9. Real Estate :
The real estate industry is really booming
in Africa and other developing nations of
the world where housing is a major
problem. This is one industry you won’t
regret investing in.
10. Procurement Services:
There is usually a high demand for
procurement services for government
projects and other capital projects. If you
have a good idea of places where you can
get items at a cheaper rate, you can start
your own procurement agency.
11. Haulage and Transportation Services
Manufacturing companies, Importers and
several other business owners need
people to help them move raw materials
or imported items from one location to
another on a daily basis.
Transportation is also a huge challenge
for most citizens because a large number
of people cannot afford their own cars. If
you are interested in investing in Africa,
this is a business opportunity you should
give serious consideration.
12. Data Encryption and Protection
Government agencies, Banks and
multinationals spend millions on
protecting their data from hackers and
spies. If you have the expertise and
resources, you can start your own data
protection agency too.
13. Fast Food / Supermarket Franchise
A MacDonald or Tesco in a third world
country would make great sales because
contrary to popular opinion, People who
live in developing countries love to have
the best things in the world.
14. Cloth Making
You can make good money from starting a
fashion label and making high quality,
affordable ready-to-wear clothing for sale.
15. Educational Consultancy Services
Due to the poor educational system in
such economies, a lot of people prefer to
study in developed countries if they can
afford it. You can offer your services in
these area by providing expert advice and
helping aspiring students package their
college applications and provide Visa
assistance.
16. Travel Consultancy
You can also provide travel consultancy
services by providing online hotel
reservation services, ticket booking
services, airport pick-up and drop off and
tour-guide services to people visiting third-
world countries from other countries.
17. Recruitment Agency
A lot of people are faced with challenges
of unemployment and at the same time,
lots of companies are seeking for ways to
recruit the best hands for vacant
positions. Most of these companies
outsource these services to other
companies.
You can help bridge the gap between
prospective employer and employee by
starting your own recruitment agency and
earning good money while doing same.
18. E-Commerce
Third world countries are not left out of
the e-commerce revolution. A lot of
people are now embracing internet buying
and selling. You too can make money by
starting your own e-commerce store
where you can retail items for profit.
19. Financial Services
There are many business ideas for
entrepreneurs in third world countries but
one major problem is the lack of capital.
If you have lots of funds that you do not
readily need, why not start a financial
services company where you lend this money
out to people and charge them interest for
it ?
You can also make money from brokering
such deals. Look for people who have
money to spare and look for people who
need money, link them together and get
paid commission for it.
20. Survey and Data Collection :
International organizations interested in
Africa, Research Institutes and even
government pay people to gather data and
conduct surveys on particular topics. If
you are good in this field, you should start
a survey or data collection company and
start earning money fromhttps://www.profitableventure.com/third-world-countries/
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