Inspiration for business opportunities in Medan with bright prospects throughout the year. Check out more here!
Medan is an area with promising economic potential. The agricultural and trade sectors in this metropolitan city are even valued at billions of dollars. Rubber trees, oil palms, cocoa, and cinnamon can thrive in the fertile land of Medan—not to mention the tourism sector and others.
With such potential, opening a business in Medan is certainly a worthwhile step. So, what business opportunities are suitable to be developed in this Deli Malay City?
Medan is classified as an area with quite rapid population growth. As of 2020, the population of Medan has exceeded 2.3 million people (comprising locals and migrants).
That’s why the property or estate business is always booming in Medan. In addition to private homes, developers also build various accommodations such as apartments, condominiums, hotels, resorts, and more.
2. Culinary Business
The culinary business in Medan is also worth considering, given that the city has many tourist destinations that are always busy with visitors throughout the year. You can open eateries in strategic locations, such as near Merdeka Square, Deli Serdang, and others.
Basically, any culinary business can thrive in Medan. However, since the primary target consumers will be tourists, consider opening a place that sells various local specialties.
3. Lodging (Accommodation)
Considering the high number of tourist visits to Medan every year, hospitality is predicted to be a continuously shining business sector in the region. In addition to restaurants, renting accommodations (lodging) such as hotels, resorts, villas, and homestays is a never-ending line of business.
You can organize the type of accommodation according to the characteristics of the target market, such as local tourists, international tourists, business travelers, low-budget travelers, backpackers, or others.
4. Export of Agricultural Products
Medan can be the right reference for those who want to start a business in the export of agricultural products. In addition to cocoa and oil palms, agricultural products that can be easily obtained in Medan include tobacco, cloves, green tea, and other hydroponic plants that are of fantastic value.
Whatever your choice, starting a business in Medan certainly requires thorough preparation. You also need to implement the right marketing strategy to ensure that your business doesn’t falter in the face of competition.
To ease the initial expenses of establishing a business, you can use the virtual office services from vOffice. Like a physical office in general, in a virtual office, you can enjoy various facilities that will support all your business activities and needs, such as a business address, business legality, mail & telephone handling, and meeting rooms.