Suggestions for small business


#1

Lately i have been thinking of starting something of my own to cater the local market here. Currently i have 4 options cafe, gaming zone, computer sales and service and a mobiles shop.

Can someone give me some more ideas plz? I want the initial investment to be below 10 lakh

All suggestions are appreciated.


#2

I think Computer sales and service is best and the mobile shop or gaming zone (depends on the location of gaming zone)


#3

u r context is incomplete u have not told u r location in city or suburbs , etc

but blind advice if u have good pr then go for mobile shop

most net cafes host porn

gaming zone only possible in rich areas of city

computer sale shop cud take time to settle


#4

[quote=", post:, topic:"]

Lately i have been thinking of starting something of my own to cater the local market here. Currently i have 4 options cafe, gaming zone, computer sales and service and a mobiles shop.

Can someone give me some more ideas plz? I want the initial investment to be below 10 lakh

All suggestions are appreciated.

[/quote]

Try to think of the worst case scenario. If your business does not work out, how would your exit strategy play out. If you start a business where you need to buy computers, for example for LAN gaming, then their value will depreciate very quickly. In the case that you have to fold up, your initial investment will be more or less lost since the computers will be worthless after a few months. Are you willing to take that kind of risk and more importantly can you afford it?


#5

In addition to what sah has said, remember that location _really_ does matter, you can't open a cafe where there are already 20 near by etc... The most successful businesses expand upon their core business, i.e. if you are a cafe, do event catering or if you are a cyber cafe, offer something like a rentable-office (search for "coffee office") etc...

The most valuable thing you have (or will have), is foot traffic. The key to success is to convert that foot traffic into cash.

Also, make sure you set a marketing budget for your venture for the first 12 months; market your business creatively: use websites, use viral marketing etc...

Remember that appearances matter and you only have one chance to make a first impression, so make it count.

Good luck.


#6

And don't forget to read Seth Godin's The Purple Cow before starting your business. It'll transform the way you look at selling and marketing.


#7

[quote=", post:, topic:"]

In addition to what sah has said, remember that location really does matter, you can’t open a cafe where there are already 20 near by etc… The most successful businesses expand upon their core business, i.e. if you are a cafe, do event catering or if you are a cyber cafe, offer something like a rentable-office (search for “coffee office”) etc…

The most valuable thing you have (or will have), is foot traffic. The key to success is to convert that foot traffic into cash.

Also, make sure you set a marketing budget for your venture for the first 12 months; market your business creatively: use websites, use viral marketing etc…

Remember that appearances matter and you only have one chance to make a first impression, so make it count.

Good luck.

[/quote]

Spoken like a true marketing pro! I agree with you totally. I remember the first time my retail professor walked into class, he did not say anything for a whole minute, just stood there staring at the class. When everyone was wondering what was wrong with this guy, he shouted “Location, Location, Location & Location!”. He made his point. That’s was the crux of what he wanted to teach all semester.

I’m a bit lazy when it comes to working, I prefer to make my money work for me rather than the other way around. I make a investment then sit on it.

I can’t tell people enough to buy Silver when it’s around Rs. 250-300 or Gold at 16,000. This is the last year when you see prices at these levels. Buy buy buy ! at these levels, you’ll be grinning wide come March next!!

That said, out of your four businesses the better of two are computer’s sales and service and a mobile shop. Have you thought about a rent a car business btw ? 10 Lakh would buy you 4 “White Corolla’s” on lease. Pay off the lease as you earn, cars are insured with trakers. With four cars renting out 45,000 a month and installment plan of 3 years lease payment being (35,000/month) you’ll make 10,000 x 4 = 40,000 / month and own all four cars after 3 years approx 700,000x4 = 2,800,000 Value.

I have accounted for the oil changes/repairs/driver costs in the initial 45,000/month income. A real rental for a new corolla is Rs. 2000 a day minimum. That’s Rs 60,000 a month.

Good luck.

P.s

All transport businesses have a “Khawari” element in them in Pakistan.


#8

Actually the best businesses are the one where you don't have to pay any thing for your inventory thus eliminating your carrying cost; start a medical store, where you get all the medications on a pay-when-you-sell or consignment basis. Not sure how it works in Quetta, but computer shops here do not carry much stock at all, they simply get on the phone with the distributor (Marsons, POP etc...) and have the stuff delivered to them, within the hour....so that too, technically is a good business.

Mobile phone shops is useless; the margins are tiny, the carrying cost is high, fraud is high, its a cash business and you are most likely to be robbed. Skip it.


#9

How about a business where only investment you make is that of your time (and skill), where you work at your own schedules (or without any schedule at all), where you can work from anywhere (in your bed or in a park or a cafe), and most importantly, where the potential to earn money is limitless?

Come on guys, who needs to work in crummy little shops when we have teh internet?


#10

Web Development / Web Design / Graphics Design / Construction / Manual Labor

Want any other suggestions?


#11

[quote=", post:, topic:"]

Have you thought about a rent a car business btw ? 10 Lakh would buy you 4 “White Corolla’s” on lease. Pay off the lease as you earn, cars are insured with trakers. With four cars renting out 45,000 a month and installment plan of 3 years lease payment being (35,000/month) you’ll make 10,000 x 4 = 40,000 / month and own all four cars after 3 years approx 700,000x4 = 2,800,000 Value.

I have accounted for the oil changes/repairs/driver costs in the initial 45,000/month income. A real rental for a new corolla is Rs. 2000 a day minimum. That’s Rs 60,000 a month.

Good luck.

P.s

All transport businesses have a “Khawari” element in them in Pakistan.

[/quote]

I have heard that Cab services in karachi like Metro Cab, White Cab, Radio Cab etc etc hire cars from Car Owners. Any info regardng that?


#12

[quote=", post:, topic:"]

Web Development / Web Design / Graphics Design / Construction / Manual Labor

Want any other suggestions?

[/quote]

To extend that:

Writing (ebooks, blogs, articles), [innovative] Web Services / Software, Desktop/Offline Software, Consultancy, (re)selling products or services, etc.

I can go on writing as the opportunities are unlimited.


#13

[quote=", post:, topic:"]

Web Development / Web Design / Graphics Design / Construction / Manual Labor

Want any other suggestions?

[/quote]

None of the above. Those are much harder than running a shop.

@k2munda, ideas are nothing without detail and careful implementation. Ironically, when starting a business or making an investment in real life, people look at every bit of detail, but when it comes to making money online, everyone is suddenly looking for shortcuts.

What I said earlier is every bit true. But it in no way implies that there are shortcuts to make money on the internet.

If you are looking for ideas to make money online, you’ve to go ahead and do some research just as you’d do when planning a business and researching the market in real life.

So before I answer your question, ask yourself what do you know about internet marketing that’ll help you make money online? Do you have a particular skill, do you know the tricks of the trade, and if nothing else, are you willing to invest in order to outsource the skills needed to actualize an idea?

That said, the easiest way to make oodles of money while doing minimal work is to build niche sites. And build loads of them.

In niche marketing, what you do is find a niche - as opposed to catering to the needs of general market - and fulfill their need for information. You can either go the authority niche site route, or build many smaller niche sites. Either way, you don’t have to deal with a lot of competition and your chances of success are great right from the outset.

But that’s only one idea. Plus it’s the easiest and the laziest way to make some pocket money (and I’m talking about $1000+/month).

Many people use ‘brute force’ techniques to make money with websites. That is, they launch hundreds of general sites ranging from arcade games portals, proxy networks, forums, and whatnot. Their thinking is that even if every site makes only $5 per day and they have 100 sites, they’ll make $500 per day!

Or if you really want to invest and aim for long-term but steady profits, you can go a full-time entrepreneur, invest in new projects and startups, create and sell info-products, etc. But that requires a lot more experience.

So there you have it. Start from creating niche websites and work your way up. Trust me, that’s what I do and I know what I’m talking about. However, it has taken me three years to make more than just pocket money. I started very small, did all the stuff that young freelancers do, from graphic design to web design to god-knows-what. But again, I was a total newbie, and didn’t know how the frick the internet worked three years back. Considering what everyone knows today, it wouldn’t take anyone more than a few months to start rolling in some real dough.

P.S. I’m planning to write a free ‘report’ (an ebook if you will) on the ways I use to make money online, and it’ll be available on my blog. So if you want some inside scoop, you’ll get it there. :P


#14

[quote=", post:, topic:"]

P.S. I’m planning to write a free ‘report’ (an ebook if you will) on the ways I use to make money online, and it’ll be available on my blog. So if you want some inside scoop, you’ll get it there. :P
[/quote]

Now that’s what I call information sharing! Way to go Specter, waiting for it!


#15

[quote=", post:, topic:"]

.

where is the link to your blog

dude what are you talking about is over saturated market and it maybe the easiest way for someone from backward country to make some limited money and not a permanent paycheck and it only requires computer. got it.

now my question still stands how to make money which is constant paycheck and at least brings your income to middle class level. my personal estimation is one family in mid thirties (husband and wife with two kids) would need minimum 10000.00 dollars or 6.2 lakh rupees per month in pakistan to be able to maintain a life which satisfies the minimum definition of middle class.

[/quote]

Test Affiliate Marketing with PPC.I am investing in Adwords right now.There is too much money to be made. ( I have made about 2000$ so far in 2 weeks with investment of 1000$…Profits improve with time in PPC).


#16

[quote=", post:, topic:"]

now my question still stands how to make money which is constant paycheck and at least brings your income to middle class level. my personal estimation is one family in mid thirties (husband and wife with two kids) would need minimum 10000.00 dollars or 6.2 lakh rupees per month in pakistan to be able to maintain a life which satisfies the minimum definition of middle class.
[/quote]

can u shed some light on the ‘minimum definitoin of middle class’

[quote=", post:, topic:"]
Test Affiliate Marketing with PPC.I am investing in Adwords right now.There is too much money to be made. ( I have made about 2000$ so far in 2 weeks with investment of 1000$…Profits improve with time in PPC).
[/quote]

details please if u dont mind sharing… :P


#17

[quote=", post:, topic:"]

where is the link to your blog

dude what are you talking about is over saturated market and it maybe the easiest way for someone from backward country to make some limited money and not a permanent paycheck and it only requires computer. got it.

now my question still stands how to make money which is constant paycheck and at least brings your income to middle class level. my personal estimation is one family in mid thirties (husband and wife with two kids) would need minimum 10000.00 dollars or 6.2 lakh rupees per month in pakistan to be able to maintain a life which satisfies the minimum definition of middle class.

[/quote]

DUH!


#18

[quote=", post:, topic:"]

can u shed some light on the 'minimum definitoin of middle class’

details please if u dont mind sharing… :P

[/quote]

Google about PPC and Affiliate Marketing…You will get hell a lot of info


#19

[quote=", post:, topic:"]

now my question still stands how to make money which is constant paycheck and at least brings your income to middle class level. my personal estimation is one family in mid thirties (husband and wife with two kids) would need minimum 10000.00 dollars or 6.2 lakh rupees per month in pakistan to be able to maintain a life which satisfies the minimum definition of middle class.
[/quote]

ROFL @ 6.2 Lakh / month for a middle class lifestyle in Pakistan !! :D

The middle class in Pakistan is 25,000 / month if they’re lucky. Even in the US the middle class earns a combined household income of not more than $ 60,000 / year.

Lol, thanks K2m, that was some funny shitz ;)


#20

Interesting stuff to read here ;)