If you start your company in Peru, it’s a good idea because the country has been steadily expanding economically and in terms of its status as an emerging market.
Since the 1990s, the Human Development Index (HDI) of Peru has been steadily increasing. Therefore, starting and growing a company in Peru is now easier than ever before.
There is a high need for technology-related service providers and developments in Peru. As such, if you’re an IT professional, you can easily make a lot of money by starting up a business providing these kinds of digital solutions.
The stable political situation of Peru makes it easier for you to start your own company here.
There are plenty of business opportunities available in Peru. You can choose one depending upon your skills or experiences.
The Best Small Business Ideas in Peru
App Development
In order to create an application, one needs to be skilled in programming languages such as Java, Objective C, Swift, Python, Ruby, HTML5, CSS3, JavaScript, PHP, ASP.NET, MySQL, SQL Server, MongoDB, Couchbase, NoSQL, etc. A person who knows these programming languages can easily develop mobile applications. One can also learn these programming languages through online courses.
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IT services
IT consulting companies are very popular in Peru because the country is growing rapidly in the field of digitalization. So if you wish to start an IT consulting business in Peru, then you should know that there are plenty of opportunities out there for you. You can provide different types of IT consultancy such as computer repair, network support, mobile app development, eCommerce solutions, etc.
In order to gain success in this industry, you must make sure to create a strong brand name for yourself and also list your company in the relevant online and offline databases.
Website Design
With the rise of online shopping, there has been an increase in the demand for web designers in Peru. If you want to start up a web design business in Peru, then you need to offer various types of web development services including web design, eCommerce solutions, custom software development, mobile app development, etc. You must also be able to provide these services at affordable rates.
Fintech
With the rise of fintech companies during the COVID-19 pandemic, there’s been an increase in the number of people who need financial services but don’t have traditional banking accounts. Therefore, there’s a lot of room for fintech startups to thrive.
Virtual Assistant
Virtual Assistant jobs are growing in number rapidly. In order to keep pace with the competition, companies are hiring people who are skilled in various areas such as social media management, customer service, email marketing, website design, graphic design, and SEO (search engine optimization).
These positions require someone with exceptional communication and interpersonal skill sets. A high level of organization and attention to detail is also important.
Digital Marketing
Digital marketing companies are springing up everywhere these days. But do they really make sense? Are they worth investing in? What can you expect if you choose one? These questions are not easy to answer. That’s why we have put together a list of things you should know before starting a digital marketing agency.
Computer Repair and Maintenance
With the widespread use of computers, the demand for laptop repairs and support has increased exponentially. If you are skilled in laptop repairs and support, then you can open your own laptop repair shop. You can also offer services to businesses that require laptop repairs.
These businesses include small offices, large corporations, and schools. Your success depends upon how good you are at networking and marketing.
Clothing Shop
Peru is one country where people love fashion. So if you plan to open a clothing store, then you should go ahead and do so. But if you are looking to specialize in just ladies’ wear, then you could opt for an exclusive boutique selling only for girls.
Or if you are into menswear, then you could set up a stall where you would sell exclusively for guys. Alternatively, you could also make an eCommerce website to sell your products. Online shopping is a great way to get started in this field.
Old Age Care
The developing economy of Perú has developed a great deal of interest in old-aged home health services. You can utilize this desire to think about old-aged home health solutions as your company.
You can function as a caregiver and give attention to elderly people. Alternatively, you could begin an agency of senior household help and send them to homes where there is a requirement for household helpers.
In case you have substantial money, you might start an old-aged home treatment center or nursing home to attend to several old folks. You’ll require excellent internet and offline advertising for this enterprise.
Pet Care
Peruvian dogs are very loyal animals and they love to play with humans. They are also very friendly towards strangers. So if you are planning to open a dog care center in Peru then you should focus on providing training classes for dogs so that they learn how to behave around new people. Also, make sure that you provide dog grooming and bathing facilities.
Pet Shop
Pet owners require pet stores. Therefore, starting a pet store is an excellent enterprise for you in Peru. You can sell pet food, supplies, and accessories, offer pet groomers, and set up a veterinary clinic alongside the store to make it a one-stop site for pet care.
Add a dog walking service to attract more customers. Good marketing and personal connections are essential for your pet store venture.
Academic Counselling
Demand for academic guidance and counseling services is growing rapidly in Peru. If you’re an academic who possesses excellent communication skills, you could begin an academic guidance service in Peru. Online counseling is the best choice. You can offer your services via your social media accounts, counseling sites, or YouTube channels.
College students are keen to seek out expert opinions. With a good advertising campaign and internet marketing, you can make a decent income from the online academic counseling service.
Online Teaching/English Teaching
Teaching English online is another lucrative business opportunity in Peru. You can start your own online teaching company or work for one of the existing ones. You can offer courses in English, Spanish or any subject you wish. Your students can take lessons via video conferencing software like Skype, Google Hangouts, Zoom, or Facebook Live.
You can charge anywhere between $5-$20 per hour depending upon how much experience you have.
Dropshipping
Dropshippers are becoming increasingly popular in Peru. You can easily set up a drop shipper website and begin selling products online. Choose your product niche carefully so you can make money without having to spend too much money on advertising.
Tourism
Peru is one of those countries where tourism is an important part of the economy. Hence, if you wish to start a travel agency then you must know about the laws governing the same. Before doing so, make sure that you get the necessary licenses and permits from the government.
Also, ensure that you do not violate any law. You may also consider getting online and offline advertising is done. A good internet presence will help you reach out to people easily.
Aerial Photography
Aerial photo tours are one of the best ways to capture stunning images from above. A drone is an ideal tool for capturing these photos because they allow you to get higher-quality shots without having to climb any ladders or towers. Droning also allows you to capture unique angles and perspectives that would otherwise not be possible.
Real Estate Agency
The real estate industry is growing rapidly in Peru, so a real estate agent is an excellent business opportunity for you. You can start your own online real estate company and sell houses online. You can also open an office and meet clients face to face. Both methods require networking skills and good marketing strategies.
Open a restaurant in Peru
Peru is a great country for a vacation spot. A lot of people visit Peru because they love the beautiful beaches, warm weather, delicious foods, and friendly locals. If you’re thinking about opening a travel agency, then Peru may just be the perfect destination for you!
Home Delivery of Food
Home-delivered meals have a high demand in Peru. Start a cooking business and deliver delicious dishes to offices and homes. Use an application or a website to order online. Make sure your products are fresh and tasty so customers will love them. Write great reviews about your service and offer discounts to loyal clients.
Home/Office Cleaning
The cleaning industry has a great demand in Peru. Thus, you can start your cleaning service firm and offer your clients office as well as home cleaning solutions. You’ll require some skilled and hardworking employees who know how to clean and utilize cleaning tools.
Make certain your cleaners are safe and effective. Offer disinfectant and sanitation solutions together with the cleaning. Posting online and offline marketing will help you get more customers.
Laundry Services
Laundry service businesses are good ideas in Peru. You can begin them from home if there is not any competing laundry service nearby. Otherwise, you must locate an area where there is a great need for laundry service. Prompt delivery and door-to-door delivery of clean clothes will create your reputation.
Good advertising and promotion strategies are essential for your laundry service company.
Car Wash/Servicing
A profitable business venture in Peru? Set your service center at a good location. Provide mobile services too! Flexibility gives more profit. Apart from that, personal networks and marketing are also important!
Pressure Washing
In order to get started with a new venture, one needs to understand the market conditions thoroughly. One must also know about the various types of equipment used in the industry. Thus, if you wish to set up a successful company, then you should learn about the basics of the field.
You can find out about the latest trends in the industry by reading articles online. Also, you can attend seminars and workshops related to the field. These events help you to gain knowledge about the industry. Moreover, you can ask people who work in the field for advice.
They will share their experience with you and teach you how they run their businesses.
Agribusiness/Organic Farming
Agriculture is an important part of life in Peru. So if you’re thinking about starting a farm, check out our agriculture guide. We’ve got information on how to get started growing food, plus tips on where to buy seeds and tools. And we’ll show you what you need to know before you plant your first seed!
Frequently Asked Questions
How can I get financing help for my business in Peru?
Despite being a rapidly growing economy, Peru has several support programs for startups in the nation. There are several venture capital funds in Peru. COPIED, the economic growth fund of Peru and PECA, the association for seed funding provide funds to startups. Apart from these, WAYRA PERU, WINGTIP CAPITAL, ESCALA.VC and ANGEL VENTURES PERU also offer funds.
What is the main business sector in Peru?
Textile, food manufacturing, consumer durables, fishery, and construction are the main sectors in Peru.
Where would be the best place to start a business in Peru?
Below are five major cities in Peru where you can start a new business.
- Lima
- Trujillo
- Chiclayo
- Piura
- Iquitos
Is there any way for foreigners to set up their own businesses in Peru?
If you’re a foreign national, you can own your company entirely in Peru with no need for any initial investment. You can even start up with very low share capital, and open a banking account in the company’s own account with a modest amount of USD 500.
The stable, expanding, and developing economic environment of Peru offers plenty of opportunities for your new venture. So you can be a success here if you plan well and use good judgment.
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