Profitable Small Business In Indonesia

Profitable Small Business In Indonesia – If you are not interested in opening a store in Indonesia, you may want to reconsider your decision.

Indonesian convenience stores continue to see healthy and profitable growth, even in this challenging retail industry. The main players in the Indonesian convenience store industry are Indomaret and Alfamart.

Profitable Small Business In Indonesia

According to a report by Berkshire Hathaway, between 2019 and 2023, Indonesia’s retail market is predicted to grow by 6%. About a thousand convenience stores in Indonesia are built every year.

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Reasons for growth are Indonesia’s competitive nature, modern service concepts tailored to the needs and wishes of the customer, and affordable prices.

However, some people prefer to start a new business from scratch. This guide will give you an insight into setting up a product store in Indonesia.

There have been laws and regulations related to setting up a convenience store in Indonesia. These regulations include zoning restrictions, building restrictions based on the distance between the street and the store, and more.

In addition to the restrictions mentioned, you need to consider the permits needed to set up a new convenience store.

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Having this license means that the food and beverages you sell in your convenience store have met Indonesia’s health standards. It allows you to distribute food and beverage products on a large scale in the country.

A PIRT license is a home industry license that allows a convenience store to operate a small business such as selling food.

Many business owners choose financing by expanding a store with a convenience store in Indonesia, rather than opening a new one.

This is due to the 250 store limit for new convenience stores. According to Regulation 71/2019, there is no trading restriction for most securities companies in Indonesia.

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In addition to the freedom to open as many stores as possible with financing, many business owners choose financing over starting a new business because of the start-up costs.

Franchising is not capital intensive in terms of setup, marketing and advertising. The franchisee only has to pay a one-time initial license fee and royalties.

You may need to purchase specific dealer products or services to start trading securities as well.

However, if you want to start a convenience store from scratch, you have to go through a more complicated and expensive process to obtain various licenses and permits.

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Our consultants will handle all proceedings in accordance with Indonesian law. We also bring you franchise ownership knowledge and a list of available opportunities to open your own Indonesian grocery store.

Are you looking for a safe shopping mall in Indonesia and repeat business? It can help you gain a competitive edge to grow your business.

Pandu is a consultant manager at . He has extensive experience working with government agencies. In particular, he has provided marketing solutions for companies in Indonesia and managed regional risk centers in Southeast Asia. At Pandu, we strive to lead a team of consultants to deliver high quality marketing services and maintain a global client base. His specialty is consulting on market penetration and business process outsourcing.

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We use cookies to improve and personalize your browsing experience. You are deemed to have accepted our cookie policy if you continue to browse our website. Learn more For three years, Maryam Hasan made a living running a simple snack shop, a bamboo hut selling fried sausages and powdered drinks. He was satisfied enough; the booth, located among the busy streets of Jagakarsa district in South Jakarta, attracted a large number of passers-by. Then, in 2018, an agent from Warung Pintar – a startup he’d never heard of – approached him with an amazing plan.

They said they would provide him with a stove, water dispenser, Wi-Fi connection and phone charging station and help him expand his store to offer digital services and home products. The only condition was that Hasan had to download their software and transfer his equipment there. They would even ship the product for free.

After school, plugged into a charging station, played mobile games on the free Wi-Fi and loaded up on sweet, chocolatey Milo. Kiosk Hasan is both a convenience store and a digital service center in one place; locals will stop by to pick up a packet of instant noodles when they pay their bills electronically. These small purchases add up: before the crisis, Hasan’s take-home pay averaged $1,400 a month, more than four times Jakarta’s minimum wage.

Warungs, street stands or huts, serve as a community oasis for Indonesian neighborhoods. Despite the rapid positioning of the country, many are still parallel. Warung Pintar, which means “smart kiosk,” is one of about half a dozen online companies racing to bring them — and all of Indonesia’s 65 million small businesses — online, offering everything from electronic accounting to shopping to delivery.

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It’s a crowded field that’s getting tougher. Even as the pandemic has shut down businesses, venture capital has poured into the industry. This year alone, startups Ula, BukuWarung and GudangAda have raised $180 million from investors including Sequoia Capital, Lightspeed India Partners and Valar Ventures spin-off Thiel Capital.

There is a growing sense of urgency as they join other major e-commerce platforms such as Bukalapak and GoTo, which are also interested in listing warung as.

, or partners, in the race to reach the last mile touch point with millions of Indonesian consumers. At best, these companies can make real gains from granular daily purchasing data; worse, they are looking to die in a market that is already dominated by the big players.

“This is the first time a mom and pop store, a small shop, has a smartphone in their hands,” said Ula CEO Nipun Mehra.

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As many as 117 million Indonesians – the majority of the country’s workforce – are involved in micro, small and medium enterprises, according to research firm Katadata. For tech companies that need to build scale, the idea is attractive: a whole new segment of e-commerce, with millions of independent organizations.

As with the transformation of the Hasan snack stand, it puts warung owners closer to efficiency. Store owners have had to maintain relationships with a network of wholesalers who supply their products and work with middlemen and brokers. E-commerce companies have brought suppliers together on their platform, which – if warungs choose to participate – gives them direct access to a wider range of products.

That a typical wholesaler in Indonesia may carry 200 to 300 different products, while Hrefiwarung carries around 7,000 products. “The fact that you can’t get a lot of variety is a big problem,” he said.

Mehra’s route to Ula includes stops at Walmart-owned Flipkart and Sequoia Capital India. At Sequoia, he was part of the team that invested in Tokopedia, which informed him about the ongoing changes in e-commerce in Indonesia. “I saw how they built, how they grew, and I thought: Indonesia is amazing,” he said. He founded Ula in 2020, and by the end of August 2021, more than 50,000 warungs had signed up, according to the company.

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Still, analysts say the top guys could struggle in a market where Indonesia’s local tech giants are already entering.

In recent years, Bukalapak and Tokopedia have been running mitra partnerships: systems that connect warungs and suppliers and enable them to offer digital services such as mobile data upgrades. Bukalapak accounts for 39 percent of the warung e-commerce market, according to a report released in August by China Galaxy Securities and Malaysian bank CIMB, with 8 million meters, while Tokopedia is ahead with 8.6 million.

“This is the first time a mom-and-pop store, a small store, has a smartphone in their hand. This change is only going to happen once.”

Publicly listed Bukalapak has staked its future growth on Mitra’s business, which could expect to account for nearly half of the company’s revenue over the next two years, according to the report. Bukalapak and GoTo have more money to burn than their smaller rivals, and different measures of success. While dedicated companies need to make money from warung, their larger competitors can afford to lose money in the short term to bring stores onto their platforms, with the intention of monetizing their data by offering them more profitable financial services products down the road .

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That Bukalapak’s sales fees are more transparent than for other programs. He started selling online as a teenager, offering everything from small mattresses to bags

And packs of frozen kebabs, on several platforms: first Shopee, then Tokopedia. In 2020, he stayed in Bukalapak for his work as a “digital seller”, offering mobile loans and additional services. “[Bukalapak’s] priority is shops,” he said. “[With them] everything was smooth and easy.”

E-commerce has prioritized accessibility and uses social media to connect with consumers. Facebook pages, with topics such as “Indonesian Online Seller Community and Bukalapak” and “Resell and Profit – Be Ula Friendly,”

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