Potential High Profit Advantage For Business Start Up In Bali
Do you want to a start Bali business in the island paradise of Bali renowned for its lush
, breathtaking landscapes, a large collection of cultural attractions as well as hotels and Bali villa accommodations?
Over decades ago, Bali economy was largely agriculture-based. Currently, the largest single industry in Bali today is tourism, of which as a result, Bali is one of Indonesias wealthiest regions.
In Bali, about 80% of its economy depends on tourism. In Indonesia, Bali's economy is one of the most energetic, fuelled by the constant flow of tourism dollars and supported by agricultural production and trade revenues.
According to Jeffry Kairupan, the head of Bank Indonesia in Bali, the interim figures for the 4th quarter of 2011 had shown to have remained strong and reliant, which is primarily demonstrated on the transportation and service sectors.
Balis strong tourism-based economy has driven economic growth for the island ending the year at 6.65%. Figures show that there was strong consumer demand last year, as consumers spent well driven to do so by the high number of religious festivals and holidays.
The different Balinese celebrations tied to the end of the academic year were also seen to have stimulated people in Bali to go shopping.
Balis economy has also seen a marked increase in the rate of growth across the previous year, fuelled mainly by the booming tourist economy and increasing visitor arrivals, according to the Bali governmentstatistics agency. The large number of Balinese local festivals, including Idul Fitri and Galungan, was attributed to have boosted the domestic consumer market.
So, if you want to do Bali business in this beautiful and blessed island paradise of Bali, then the islands booming economy, which is driven by the thousands of tourists who come to Bali each year, provides an economic advantage for those willing to invest in small businesses in Bali.
Moreover, the Balinese people are gifted skilled artists and craftsmen, producing a variety of artistic and functional pieces of arts & crafts as well as garments that are exported. There are even some foreigners who have created their own local businesses in Bali successfully exporting artwork and furniture.
So, if you want to sell crafts and artworks in Bali, you could successfully do so. But heres one of the Bali business tips. Make sure to acquire contacts with buyers and retail stores in your country as this could help you in marketing your products, though the local tourists from the many luxury Bali villa can be a good local source of your buyers, especially during the many Balinese events and festivals where these tourists tend to spend more on buying local arts and crafts.
Likewise, there is a growing potential stable market for luxury Bali villa rental and travel accommodation agencies in Bali. Running a small hotel or private villa for rent is a popular business for foreigners.
Specifically in Seminyak, it seems that there are foreigners who build villas that are completely furnished, with cooking facilities and all the modern conveniences like plasma TVs, internet, private pools and even complete with staff and top-class levels of service. Balis low labor cost is attributing to the villa in Bali boasting of staff teams of up to 30 people at the really high end.
For those interested, you can plan to build your villas in the greater Seminyak area (Seminyak, Umalas, Canggu), in the south around Jimbaran and Uluwatu, in Sanur and around the hill town of Ubud as well as Lovina in north Bali. Private villas are rare in heavily built-up areas like Kuta, Legian and Denpasar.
by: Bali Villa Holidays
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