Spain offers business opportunities for all, natives and visitors alike. The country is ranked number 18 worldwide in Forbes’ 2018 list of the best countries for business. Here are five top business ideas to consider in Spain.
1. Tourism-Related Services
Tourism is a booming business in Spain. The country ranks third on countries with the highest number of annual tourists in the world. Besides, studies have shown that domestic tourism is also high in the nation with Spain’s domestic annual domestic tourism expenditure averaging to 50 Billion Euros. Therefore, this is a profitable sector for entrepreneurs.
You do not have to be a tour guide to make it in this industry, though this is one of the opportunities. Other related businesses worth trying are tour packages, airport taxi business, international parcel delivery service, hotels, and resorts.
2. Auto-Sharing Services
Most Spaniards travel to work, and they all love the flexibility that personal a car offers. However, low salary workers cannot afford to buy or lease a vehicle. Consequently, auto-sharing services are rapidly increasing in the cities in Spain.
There are several car-sharing business ideas. You can create a car-sharing app for specific routes or the part of the city you live one. Alternatively, you can start sharing your car with other commuters. You might need to learn a few skills, such as how car administration works, but the returns will be worth the effort.
3. Co-Working Space Services
It is another growing business opportunity in Spain. Most people either desire to work remotely or do not have enough capital to rent an office space. A cheaper option that provides a better working environment than their couch or bedroom is always welcome.
Anyone can use this service. However, if you are moving into the country, you can focus your services to other non-natives. They have the hardest time trying to find a workstation. Since the country is a leading tourist destination, shared workspace for those who wish to work while on their vacation is a profitable idea. Most vacationers would love a place to have urgent online business meetings or handle workplace emergencies while they enjoy their holiday. It might even help them extend their stay.
4. Online Businesses
It is one of the least capital-intensive yet profitable business ideas. With just your computer and internet connection, you can start a content creation service for small businesses with websites. Other opportunities include web development, website management, graphics design, and online stores. Most of these skills you can learn for free from the internet.
5. Home Repair Services
Home repairs service is a constant need for any populated place. You can start a business to provide repair services in an area of expertise. Even more, sometimes, you do not have to be an expert. All you need is to define the need and employ those who can get the job done effectively.
In conclusion, Spain is a haven for start-up businesses by both budding and experienced entrepreneurs. Only remember to research your business idea before putting money into it. Find out the challenges, competitors, and legal requirements. Above all, define what you will offer differently.