If you need 100,000 thb a month to live in Thailand, the odds of finding a business that can consistently make 100,000 thb profit a month will be extremely difficult.
(Example: Selling a food dish for 40 thb, you earn a profit of 20 thb. To reach your goal of 100,000 thb per month you need to sell 5,000 meals. On a 20 day work month (taking the weekends off), you need to sell 250 (20thbX250) meals per day. Breaking it down even further, 250 meals divided by 10 hours per day is 25 meals per hour. Do you have enough customers to sell 25 meals every hour? The answer is probably No!
If you look at the Mathematics of Business as follows, there may be an easier way as follows.
100,000 thb per month extremely difficult to impossible.
50,000 thb per month using 2 businesses, the odds get better.
25,000 thb per month using 4 businesses, the odds are even better.
10,000 thb per month using 10 businesses. This should be the easiest way to get to the 100,000 thb per month goal.
There are ways to earn 10,000 thb a month a heck of a lot easier than trying for 1 business at 100,000 thb a month.
The more businesses requires additional effort and more management, however, getting to the monthly goal of 10,000 per business is much easier.
The question at this point is whether you can find 10 businesses making 10,000 thb per month or any number combination of businesses that can get you to the desired 100,000 thb a month?
Thailand is such a tough place to make a go in business, as millions of Thai’s are trying as well.
However, it you can dissect the total you need amount by multiple businesses, you may be able to hit your financial objections much easier.
The trick is to identify businesses that will guarantee your monthly income when thinking about competition from other Thai businesses.
Thinking outside of the box, as an expat, you may have avenues in English online such as Amazon, Ebay, Etsy, Shopify, Wix or others that can be used to piece to together small monthly incomes to reach your total monthly goal.
It all depends on how bad you want to earn the income to live in Thailand and the effort you are willing to put in.