Profitable businesses 2020: investment and a safe return in southeastern Mexico

A list of profitable businesses for 2020: find ideas to start your investment and secure a rate of return with low risk.

Here are profitable business ideas for 2020 with little investment, a safe, quick return, so you can get the year going.

Don’t forget: starting any business takes patience, energy and a lot of strategy.

Start up in Yucatán, a draw for foreign capital

Mexicans have always interacted with foreign brands and products. Mexicans’ familiarity with foreign capital and its market is an advantage, so it’s easy for investors worldwide to launch new businesses in Mexico.

There isn’t a big difference in the exchange rate between the US dollar and the Mexican peso. Capital from foreign companies investing in Mexico has greater purchasing power, lowering the cost of real estate, construction and equipment.

If you want to boost the southeast’s economy, create new job opportunities, or bring a foreign product to Mérida or its surroundings, remember to dignify and be fair with the price of Yucatecan labour. For a Mexico of strong companies, start by paying fair wages and benefits.

We recommend: Mérida, a growing city.

Reasons the southeast of Mexico is the promised land of investment

An emerging market

Mexico is considered an emerging market, and the growth of the Yucatecan economy in recent years is an example. In an emerging market, you’ll have access to new capital, which can really boost your place in the industry. As emerging economies develop — as we’re seeing in Mexico — there’s an increase in available capital that companies can use to expand.

Economic stability

Another point in favour of investing in the southeast is stability. While much of the world was still recovering from the 2008 recession, Mexico stayed very stable, meaning there’s great potential for economic investment. Mexico’s banks are stable and diversified, so its economy handled the recession well and continues to provide stability to investors.

However, after this long period of confinement, many companies and investors are adrift or have chosen to close investment funds, leaving Mexico’s economic stability hanging by a thread.

The landscape for profitable businesses

Mexico is friendly to small businesses. But business licences are still quite expensive. According to the World Bank, ease of doing business in Mexico fell to 38% in 2015 from 42% in 2014.

Still, Mexico remains one of the best places to invest, even for foreigners who want to start a business here.

Top 10 profitable businesses for 2020 with little investment and a fast return

Car repair and sales

The car market in Mexico is huge and affordable. Instead of starting a production line, you can start with a repair-and-sales shop. Easy to start and profitable.

Import and export

Starting an import/export business is highly profitable in Yucatán thanks to the state’s geographical advantage. Some of Mexico’s most important exports are electronics, car parts, petroleum products, fruit, vegetables, cotton, coffee, plastic, etc.

Accounting firm

No business, in any industry, can do without good accounting. If you’re an accountant, the capital of Yucatán is a land of opportunity — a developing emerging economy with trade ties to its neighbour, the United States. This has increased the number of companies needing accounting services. The business costs little capital; the only expenses are those tied to marketing the services.

Dry cleaners

You always need a dry cleaner nearby. Dry cleaning has grown in recent years but can’t keep up with demand. It needs an initial investment in machines that pays off quickly. Like restaurants or food stalls, the key is location. There are also home-service dry-cleaning options, picking up and returning garments — delivery businesses star during this quarantine, as people want the same services without leaving home.

Computer repair

One of 2020’s profitable businesses is computer repair — a highly specialised field requiring a lot of technical knowledge. But a nearby, trustworthy repair centre is increasingly a need thanks to new technologies in daily life. Besides repairs, you can add sales of computer parts and accessories. It needs low capital and can start or operate at a small scale.

Bed and breakfast

In recent years, tourism — especially lodging — has thrived and drawn big investment in Mérida. Many old mansions have become luxury hostels and B&Bs. We don’t know what tourist flows will be like once commercial and social activities resume after the pandemic, but the lodging business is always waiting for new clients, and a B&B is a great option to start.

Boutique hotels

One of the hotel industry’s disruptive, highly lucrative models. To run one you need knowledge and experience. Mérida has great potential for this business, with old properties ideal to restore as a great starting point.

Haciendas in Yucatán.

Community tourism guide

Another profitable business idea for those living near tourist centres. Knowing the area and interesting landmarks, plus speaking at least one language such as English, is all you need to start. It’s a very flexible venture you can run from home. To boost income, keep alliances with hotels — though a good website and a presence on sites like Airbnb can make the difference.

Canoe, kayak and surfboard rental

Near Mérida there are incredible places to start this business. Beaches like Progreso or Holbox are gaining popularity, so investing there is a good opportunity.

You may be interested in: The most beautiful beaches near Mérida.

Digital marketing

The number of people on social media is growing about 13.5% a year, meaning more than half of all Mexicans communicate online. Greater internet use guarantees a place for digital marketing — a good opportunity, especially now that every business needs to focus on online sales. Sales strategies have changed with modernity, and a digital marketing agency is essential for the entrepreneurial business landscape.

Coworking cafés

Recently, cafés have been the order of the day. Anyone with a passion and talent for coffee can start one. In many countries, cafés have become a kind of workplace. Today, remote work leads young and old to spend the whole afternoon at their favourite café — if it’s equipped with everything an office worker might need, you have a profitable business with a future. If you know coffee or just love the product, a café business is an excellent way to turn those qualities into good profits in Mexico.

With this information, you can see the infinite investment opportunities Mexico offers. The Yucatán peninsula promises to become, little by little, a cradle of profitable businesses in 2020, as well as Mexican or foreign investments that offer new job alternatives and a dignified life.