Question by : If you were to open a business in Czech Republic, What would it be?
My group and I are compiling tons of data about the Czech republic for an international marketing class, We are required to market a product or service in a foreign country, Czech Republic being a developing market economy must surely have an unknown demand for something, but my group can’t seem to find what might be successful.
We’ve thought about a Hotel chain and fast-food options, but those have already been explored.
Any suggestions? Any Czechs have an opinion? It wouldn’t be cheating because we would still need to develop a comprehensive marketing plan behind whatever product or service we chose.
Anyways, thanks in advance for those to reply.
Best answer:
Answer by Brian S
Probaly a pub or something, because Czech Republic has the most drunks in the world! That would be the most successful buisness!
But if I had to do something I like, I would open up a Mountain Adventure company!
Know better? Leave your own answer in the comments!
Holistic Health Care and Vitamin products. Either via a store front or mail in sales — from marketing research, mail in sales would be more profitable since most households get and use direct mail advertisements.
Something along the lines of GNC…. or Amway.
maybe a beer snack factory. Pretzel shop. They love their beer over there, and for good reason, it’s excellent. Maybe they have yet to discover the joy of a salty snack with their beverage?
czech republic is a very open new market in the EU, one of the richest in eastern europe. there’s lots of tourism and czech’s wanting to get out of eastern europe and into western europe, america or australia. a hostel in prague would be a dynamite moneymaker, or an au pair nanny agency, find czech girls wanting to go abroad and find a job and finding them families in america/australia/new zealand to go work there and keep a visa