What is the best business for a budding entrepreneur? saying small business ideas their advantages, disadvantages, payback periods and expected profit.
Millions of Brazilian residents live outside the capitals, in small towns, where, however, small businesses can successfully grow. At the same time, the demand for a niche does not even depend on the population, but on the size of the target audience. Before you act, analyze potential customers. What do these people need, what problems can you solve?
Also, when choosing a niche, pay attention to several other factors. First, the number of competitors and their location. If you are renting a space, position yourself away from them, but at the same time where your audience will be.
Second, provide more benefits, become better than the rest. Create your own chips, promotions, organize a good service, a bonus program, ensure high quality. It could be a bonus program, for example, “Order a dessert and get a coffee as a gift”. Find a well-located plaza and open a cafe with beautiful views from the windows. If you have competitors, that's a good thing as you'll be able to study the niche and demand before you even start.
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The main criterion for starting and developing is people's needs. What do locals want, what's in demand, but what's not on the market? Pay attention to the options you like, which you understand. So we share interesting ideas for small businesses.
Starting a small business: ideas
Products for healthy eating
The sphere is still relatively free, there are few competitors in it. Prepare healthy home-delivered meals, bake low-carb desserts, or make protein bars and cookies. Big companies have set high prices for them, the demand for them keeps growing and there are not enough offers on the market. You will need to invest around 40,000 reais and you can earn from 50,000 reais per month. Such a business pays off in a few months, and you can start production in your kitchen: there is already an oven, a refrigerator and a blender, it remains to buy molds.
Note that the best part of the budget will go towards advertising, which must be launched immediately.
Tea, coffee and gifts
The most budget project is creating gift sets. You need about 30,000 reais of start-up capital, and the investment will presumably pay off in 2 months. People give gifts: on February 14, New Year, March 8, birthday and so on. And each time many suffer, running through the stores and not knowing what to choose.
If you are well versed in different types of people and their hobbies, you know how to anticipate their desires, then you will get gifts. Find your direction: For example, order unusual things from abroad or make gift sets just for a certain segment of people. For children, for example. If you run a good ad, you can earn around $30,000 a month.
The tea business is more expensive – you need to invest around 12,000 reais, but the monthly net profit will be around 30,000 reais. Many people who love tea no longer go to supermarkets to get it – they look for specialty stores. One of the main advantages of this idea is that once you have a good customer base, you will have regular customers who will come back to you again and again.
Another option is for coffee lovers. You can start roasting beans and open your own coffee shop, but that will cost you around 30,000 reais.
photographic studio
What do people need constantly, every few years and more often? Photos for documents. Find a small space in a good location, for example near the visa application center, buy a printer and hire a photographer. This is a relevant option for those who know how to shoot themselves, as this way you can earn extra money spending little time.
Thus, the minimum investment for a photographer is around 3,000 reais. Personnel income for documents – 5,000 monthly. But that's not all: compose and print photo albums! For one, you will make a profit of 3,000 reais, that is, when you sell 20, you will earn 10,000 reais.
Photo books are necessary for honeymooners, parents, travel agencies, schools and kindergartens. Collaborate with photo studios (or start your own), educational institutions and individuals. In fact, you can start even at home and without a printer, just doing layout. When you earn your first money, invest in equipment.
Ecomarket
The minimum investment will be approximately half a million reais and will be paid in six months. There is an interesting example in Yekaterinburg – the Non-Museum of Garbage. The entrepreneurs rented a building in the center of the city and set up a garbage collection point there. In addition, it is a store with ecologically correct products and a platform for education.
Read More: 5 Tips on how to make money without education
Due to the low competition, even a beginner has high chances of making money in this area. Try to solve various problems with a business. For example, the main store is a store where you sell cosmetics and natural products. Open a vegetarian cafe with healthy desserts at its base or implement another small business idea: producing eco-friendly clothing. So you can attract more traffic, reach a wider audience.
Beauty salon
You will have to invest around 1 million reais, while making a profit of 20,000 reais per month, the salon will pay you after six months or a year. There is a lot of work to be done that requires management and marketing skills. It is important that you know the industry. What do good hairdressers do, where to look for cool makeup artists, what tools does a beautician need?
For a salon to become popular, it needs to know the industry inside and out and offer services that are in demand but competitors don't have. Start by developing an idea, finding facilities, equipment and artisans, and then start building your personal brand.
If you want an option with less investment of money and time, open your own nail studio. You can work from home, so you'll need around $40,000 for training and tools. Right from the start, you need scissors, tweezers, UV lamp, disinfectants, varnishes and decorative items.
Then it will be possible to rent a room and hire specialists, growing into a full-fledged salon. By the way, if you have your own salon, then you can earn not only from the services of specialists. Rent Jobs!