Tag: profitable business ideas

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Startup

Start-Up Ideas: 4 Profitable Retail Businesses You Can Start Right Away

Start-Up Ideas | Representational Image (Photo Credits: Pixabay)
Start-Up Ideas | Representational Image (Photo Credits: Pixabay)

Many people dream to start their own business, convert their passion into profession and become successful entrepreneurs. However, there are certain factors that are needed to be evaluated and considered before launching one’s own business. The first and foremost decision in this regard is in which industry should the business be started, which largely depends upon the interest and knowledge of the entrepreneur. Next decision to take is regarding the nature of the business – should the business be started in a retail set-up or a wholesale one. This depends on certain factors including location, finance, logistics, manpower, market conditions among others. 5 Financial Tips for Entrepreneurs Launching a Start-up.

For those who intend to start a business in the retail sector can choose among a range of alternatives available to them depending upon their finances, interest and market conditions. Here are some ideas for starting a retail business:

Stationary Store:

One of the most sought after product line is the stationary. It is an all season business. The demand for stationary items is not restricted only to the school and college students, but it has a vast market. Every organisation needs regular supplies of files, papers, pens, folders among others for both administration and operational work. Even though more and more firms are going digital, stationary still remains in high demand ensuring huge profits for the owner.

Confectionery Store:

Another profitable and ever green retail business idea is to start a confectionery store. With an year round demand, such stores is surely one of the safest business to undertake. Moreover, the list of products available in a confectionery store can also include a range of products, thereby attracting a larger customer base and more revenue. Part-Time Business Ideas for Students: Here are 5 Low Investment Businesses That Youngsters Can Take Up.

Gift Store:

Gift stores never go out of business. Be it birthday, anniversaries or any other celebrations, people look for unique and valuable gifting options to give their loved ones. Even during market slowdown, such products remain in demand. Especially during the festivities, the demand for gifts increase thereby increasing the revenue and sales of the stores.

Florist:

Another business to start as a retail set-up is that of a florist. These days ornamental and unique flowers are highly in demand of decoration purposes. Various event planning and executing companies require flowers on a regular basis and order them in bulk. Every season has its own unique flowers, hence the business never runs out of products to offer.

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Business motivation

5 Low-Cost Business Ideas for Young Entrepreneurs to Enhance their Skills

low cost business idea
Promote Your Business Online

‘Success may come to the first movers, but success stays with the fast movers’. Starting your own business is a dream, but if you stay confused about which industry or sector you must choose, you might keep waiting for a long time.

Every business has its challenges, however, if you are determined and confident about your skills you can find amazing business ideas that are profitable in 2021.

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

Repairing of Mobile Phones & Computers

If you are an undergraduate but have dreams of becoming an entrepreneur in India, this idea is perfect for you. If you are interested in computers, you can do simple hardware repairing certification course. It is one of the most profitable low-cost business ideas that do not require you to have any degree. You can set up a shop in your locality and start earning by repairing mobile phones & computers.

Create a YouTube Channel & do Brand Promotions

In this world of digitalization, the definition of entertainment has changed, completely. Today, young entrepreneurs are earning well by creating engaging content and promoting popular brands on their YouTube channel.

Starting a channel on YouTube is easy and hassle-free. It is a low-risk business idea, which is perfect for young entrepreneurs who are filled with unique concepts and exclusive ideas. All you need is a phone and a video editing app to create short videos that scream entertainment.

Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

If 9 to 5 desk jobs do not excite you, fuel your entrepreneurial skills with our amazing business ideas. However, with proper guidance and expert knowledge, you can reach your goal quickly.

What does it take to become India`s no. 1 entrepreneur? Deep insights of great mentors who are ready to help you throughout your journey! And our Everything About Entrepreneurship course provides you exactly that. Why not connect with us for more information?

Take the first step towards your brighter future, by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Startup

Business Ideas for Young Entrepreneurs: 5 Low-Cost Business Options That Aspiring Youngsters Can Take Up to Enhance Their Skills

Business Ideas

Every person, who aims to be a successful businessman in his life, desires to have a business that really does well in the market and has a unique brand identity. However, if you are young and want to explore the business ideas that you have in mind, this is the right time! The classic example of starting early is that of Mark Zuckerberg, who started Facebook as a teenager and grew it into a multi-billion dollar industry over the years. There are many low-cost business ideas for students and young entrepreneurs which one can get their hands on!

  1. Start your own YouTube Channel and promote brands

In this online world, starting a YouTube channel can be easily done without any hassle. All you need to do is use your mobile phone and skills to shoot a video. You can easily make and edit short videos with your phone. Just be creative. You can make videos that are comical, dramatic or unusual that the world would want to know about. Companies need teenagers and students to talk about their products on camera. You can approach these companies with short video samples that you have made.

  1. Offer language translation services

If you are a pro in languages, this is certainly your thing! There are companies that wish to expand in other countries. They are usually ready to pay people who can speak those languages. So if you are good at languages and have the skills, you can make good money from this by offering language translation services to individuals and companies.

  1. Become a fitness trainer

Crazy about fitness and exercise? Don’t waste your skills by just not doing anything about it. If you are a fitness specialist, who has a hang about a lot about the human anatomy, the gym and other things, then this is for you.

  1. Be a music teacher

If you are a fan of musical instruments and love playing them, you can teach others too and spread the good vibe. People these days are very much interested in taking music classes. You can start by teaching a few daily and then go on to starting your own freelance music training school. If you want to take your teaching skills online, you can make short video lessons that you can sell online for a fee.

  1. Become a tutor

If you have loved a particular subject in school and you are still fascinated by its facts and theories, you can revisit those books again, but this time, by teaching others. Yes, if you have knowledge of a particular subject, you can earn you good money as a teenager or student. Your knowledge of any subject can fetch you good money.

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Business motivation

Start Small Seasonal Business This Winter With Investment As Low As Rs 50,000

Seasonal business has been a seasoned business trend for ages. It’s a great way to make some extra money without having to establish a full-scale business. The best part of seasonal businesses is that you have the rest of the ear to yourself to prepare for your business during that one particular season and it isn’t something that will have you invest tonnes of money. 

If you wish to start a business this winter season, you might as well give this article a read as it could end up being your motivation behind starting that profitable seasonal business. Let’s start!

Woolen wear

It is hard to imagine winter without those cozy, comfortable, and stylish woolen wear. Honestly, these beautiful woolen wear are the reasons people wait for the winter season and this is your chance as an entrepreneur to make some money out of it. Thi business could be started with an investment as low as Rs 15,000. You don’t even have to worry about this pandemic to go and get the stock as all this could be done online as well including the payment for the same. If it interests you, think about it as winter is just around the corner.

Blankets and Covers

Think of what protects you from the harsh winters. Yes, those cozy blankets. These are the products that remain in high demand before and during the winter season. The most loved blankets are from Rajasthan. If you have made your mind to do this business, do think about Rajasthan to bring in your stock from. Another good reason to do this business is the brilliant profit margin of up to 25%! Think no more, go for it.

Electrical appliances

Who doesn’t love a good heater to be around in winters or a great quality geyser? There is immense potential in starting a seasonal business that involves electrical appliances. 

All you need to do is look for a good wholesale market for electrical goods. One such market is at Purana Quila, Delhi. Retailers can often be seen here to purchase heaters, rods, and small geysers. You can also buy products from here and can sell them to a retailer. You can have a profit margin of upto 20%.

How To Sell Your Products

Now that you know the perfect product to sell, be prepared with an e-commerce platform or an online shopping website to sell these products on. Since on these platforms, the fixed price is low and the customer base is much wider, it is only intelligent to consider the option.

Once you put up your products for sale don’t forget to do some marketing and publicity via social media as social media is something that if done well will get you exposed to an immensely wide and broad customer base which also has global consumers.

Final Thoughts

You can think about running your business for a month/few months in a year while using the rest of the time to pursue your full-time career or other businesses. If you find yourself unable to kickstart the business this year, you can always try the next time with all the preparations. No matter how harsh these winters get, a smart entrepreneur will always find ways to warm up to new business opportunities to keep the cash flowing in.

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Business motivation

It’s Raining Business Ideas: 4 ways To Think Of Successful Business Ideas

A king may die but a kingmaker lives forever in the several leaders that he produces! Do you see where we are going with this? No? Let us simplify things a bit in order for you to understand the concept better.

 

By simply suggesting you or introducing you to new and innovative business ideas, we are helping you in a very limited and restricted manner. However, with the help of this article, we are going to turn you into someone who will be able to produce or think of new business ideas all by themselves. Does this excite you? If yes, keep reading.

 

Put Your Skillset To Best Use

Fish can’t fly and birds can’t swim. There is a reason why we are stating this example which is to make you realize the importance of understanding the skills you are good at! This analysis will help you understand what it is actually that you can do brilliantly even if it has been done several times in the past. What is that one thing with the help of which you can dominate the market? The chances of a business becoming successful are way higher when you bring your skillset to the picture. We would highly recommend you to start focusing on your skillset to chalk out an idea that paves you the road to success.

 

Rescue The World By Solving A Problem

When do you think business becomes successful? It is only and only when it helps solve a problem that nobody had really paid attention to solving to date. Do you have it in you to accept the challenge and become a problem solver? If yes, then use everything in your power to think of a problem finding a solution to which is the need of the hour. Look at what the market lacks. Think of the gaps and build yourself a successful business out of it. Always remember, the world has only accepted those who have become part of a solution and not the problem!

 

Don’t always Stick To Original

Surprised much? Don’t be, as we have a solid reason to back up with suggestions. Let’s say there is an idea that has already been implemented by many and has been going on and on for years but couldn’t drive great results. Imagine you have the perfect qualification, skillset, capital, and manpower to implement the same idea, would you let it go just because it isn’t original? Nobody would. All we mean to say is that reject an idea just based on how many times it already has been attempted. If you are confident of your own take on the same idea, go for it.

 

Perfection Is A Perfect Illusion

Agree with us? If not, let’s agree to disagree but allow us a chance to explain the concept behind it. We all know that there will come a time in our lives, professional or personal, where we will find ourselves in a dilemma whether we are making the right decision or not. This is about the same confusion. Sometimes we let go of those ideas which do not occur to us in a perfect form. If there is any such idea that doesn’t let you sleep but you are too unsure of how it will roll out, then try and start small. Workaround it, it may take time, but there will be a moment when the picture will be crystal clear and then you can decide if you would like to scale it up.

 

We know identifying your niche is something that is easier said than done. Try and give serious thought to the tips mentioned above and you will find yourself thinking from a whole new perspective, a perspective that will help you never run out of ideas that can change your life.

 

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Business motivation

Trending Business Industries That Are Both Viable And Profitable

बिजनेस मॉडल
बिजनेस मॉडल

Have you ever thought about what life would look like after 2020? Imagine it to be a plethora of opportunities that you, as an entrepreneur can encash. If we talk about the changes, a lot of differences have been observed and we can expect more of them as consumer behavior has been changed drastically and so has the market. Also, when you think of beginning another business, you ought to consider the potential ventures your organization may have the best chance to contend in. Based on these changes and many other factors, you can decide which trending business idea is the one for you. We bring to you a list of 4 such industries that are the most promising for startups in 2020-2021.

Health Is Wealth–Indeed

It should not come as a surprise to anyone as we declare health and wellness to be the industry that is at its all-time high. Due to the ongoing pandemic, everybody across the globe has become wary of their health and well being more than ever. This is the reason why this industry in particular is booming and could be one of the best opportunities for you to set your business in. To make your mark in this industry we would suggest you all to think differently and dig deep into biotechnology, elderly caregiving, personal training, etc.

Green Is What? Good

People are very conscious these days of not using anything that may harm the environment. This is an extremely welcoming change and could prove to be an equally wonderful opportunity for entrepreneurs to set their foot in. You can offer your consumer base products that are high in quality, are environment friendly, and support the sustainable lifestyle that today’s consumer is shifting towards. If you are one of those who do not believe theories, we will bring you the facts that will certainly change your mind. Do you know that Sustainable product sales are estimated to reach $142.4 – $151.1 billion by 2021? That’s huge. Act smart and grab this opportunity as it is not only promising for you, but for the environment as well.

Technology Is Here To Stay

Technology has made it clear to the world that without it being efficiently used to grow further, the progress is out of the question. All the popularity the technology has gained in recent years has only proved that it can be a game-changer to help a business grow by leaps and bounds. Giants like Apple, Samsung,  and Google have their entire business set on science and technology. The technology industry across the globe is estimated to grow to $5.2 trillion in 2020 at an amazing rate of 3.7%. Also, it is noteworthy that 44% of the businesses across the globe are planning to increase their budget to spend on technology. 

Take Control And Get On The WHEELS!

In today’s day and age, people heavily rely on transportation, to be more specific, public, and private transportation. This statement backs our statement that the transportation businesses are experiencing a surge and would be the perfect industry for you to be in if this is your niche.  We all have witnessed the sharp rise in the number of cabs that continuously do rounds on the roads in many of the big cities as it has trend out to be a profitable business for many. You can think of initiating a startup based on app-based taxi service, rental car business, truck transportation services, and many more such ideas. 

A plethora of great business opportunities is waiting for you out there, if only you have the eye to identify. Take inspiration and motivate yourself to be a great leader who is very observational when it comes to the changing market trends, a shift in consumer behavior, and the newest trends doing rounds in the field of science and technology. Always remember to not resist the change for it is the only thing that will keep you relevant and in business.

 

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Business motivation

3 Trending & Profitable Business Ideas Amidst COVID-19

बिजनेस टिप्स
बिजनेस टिप्स

“Thank god, I didn’t start my business in 2020.” Have you also been having the same thoughts? We all know how numerous businesses, big or small, have taken a hit because of the lockdowns and social distancing to avoid or delay the spread of covid19. Looking at the condition of these businesses, many business ideas have been shelved by the entrepreneurs that were supposed to go on the floor in 2020.

 

Nonetheless, the show must go on. We can’t let this pandemic rob us of our zeal, passion, and desire to start a business of our own. But then, the business idea needs to be relevant and viable enough to survive the changed consumer behavior and the drastic market shift. Stay with us as we introduce you to 3 such trending and profitable business ideas that will be beneficial for both you and the consumer.(Dr Vivek Bindra to Share Business Expansion Strategies During World’s Largest Webinar ‘Retail Ka Mahakumbh’ on September 27 Click Here to Register Now)

Blog It Out

It is not possible to talk about trends and not include technology. The combination of trends and technology has become a rage over years. If met with amazing writing skills, this already amazing relationship between trend and technology can work wonders. Yes, we are talking about blogs. This is one business that has maintained its title as the most exciting and profitable business around in and posts the COVID-19 era.

With the help of a blog, you can sell your time as a consultant or a coach, promote your own products(SaaS), or get into affiliate marketing with the help of affiliate programs. Just choose what is your area of interest and what your blogs should be based on while keeping in mind the primary business factors as well as your passions.

Dropshipping Is The New Black

The global pandemic of COVID 19 has made the e-commerce industry grow at an exponential rate as a very high number of businesses have gone online which sits well with the customers who have completely resorted to online shopping. Now the question arises, as a business owner how can you encash this opportunity. Our suggestion would be to become a dropshipper. A dropshipper is a retailer who takes online orders on behalf of a manufacturer. 

He takes the orders, passing it on to the wholesaler or another retailer who then directly ships it to the customer. You can research what products have been trending and post that you can decide on the best e-commerce platform for you to start the business.

This Web Is Good To Develop

What do you think happens when most of the businesses choose to go digital? They need websites. Now is the best time to get into the business of developing web for many needy businesses that are looking to cater to the massive population present online. If you are good at coding and have an interest in developing web content, this is your Jam. If you are skilled enough and offer better prices than many coders out there, you will have immense scope for you to set your business and take it to new heights.

At the end of the day, what seems to be working well for others might not be the best option for you. We all have different passions, niches, and budgets. We would lightly recommend choosing a business that matches most of your requirements on the checklist. All 3 ideas that we have shared with you have immense potential even when operated on a smaller scale.

 

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Business motivation

Festive Season 2020: Use These Tips To Boost Your Business Amid Festive Time

That time of the year is here–the festivities! It’s time to put a temporary halt at this long year of suffering, the overpowering anxiety, tons of struggles, and the never-ending sadness. The world has been through enough and is now eagerly looking forward to the festivities to bring some joy back into their lives and make the most of the little things that bring them happiness.

This time of the year not only has the potential to bring a smile on the face of a common man but also emerges as a ray of hope for entrepreneurs to encash the seasonal business and bounce back once more! This article is all about the smallest of tips on festive business ideas that could possibly bring the biggest of changes in your small business. If that interests you, keep reading.

Let Your Personality Shine

Since everybody stays in a very festive mood, it would be a perfect time to build a strong relationship with your customers. Show them what your brand is all about by conducting various chat sessions with them. Let them know how fun you are by running interesting contests for them. 

Social Media Is The Holy Grail

There is no doubt that social media has completely taken over the marketing world. An official social media account does not only allow you to build a personality, it helps in staying connected to your audience as well to find prospects. Brands usually wait an entire hour to encash these festivities and we would suggest you do the same. Build a good social media presence so that you have a wider audience to market and sell your products to.

An Offer They Can’t Deny

A good offer to a customer means exactly what a flame means to a moth—It’s hard to keep your distance with it. Introduce some kickass offers that your customers can not turn a blind eye to. If a sale suits your business the best, go for it. Believe it or not, a sale has been recognized as the best tool to push the overall sales to another level altogether. Similarly, if discount coupons work well in your favor, leverage that. Be it anything, do not forget to make the most of it or be ready to wait an entire year to make up for the lost opportunities.

Allow Them To Order Online

Shoppers in today’s day and age belong to the generation that likes to make the payment through digital wallets. If you want to keep up with the trend and make some sales, introduce the option for your potential customers to shop online. It has been estimated that in the year 2020, 8 payment transactions out of 10 are going to be done digitally and 4 out of every 5 shoppers would choose online ordering over anything else.

It goes without saying that people of every age belonging to various social classes wait eagerly for this time of the year to make the purchase of their dreams. Now, it’s completely up to the business owner as to how they encash this opportunity to make their sales go through the roof.