New Year is the perfect time to pursue your start up dream! If you want to strike out on your own, but you’re not sure exactly what to do, Business Beacon is here to help. Getting started can be challenging, but we have come up with 5 big ideas to help you get your dream off the ground in 2017.
1. School and Office Supplies
These products are in demand all year round, so you could either have an online store or a physical store that sells these supplies. With a large number of businesses and schools situated in the urban areas of India; products such as pencils, pens, paper of different varieties, notebooks, and others will always be in constant demand. Once you have decided what kind of services you want to offer and what kind of office supplies you want to sell, make a business plan and raise a capital for the same. You can utilize this capital to buy your stock and also pay the lease amount if you are planning to establish a physical store to sell them. You have to spend on the furniture, manpower, and registration of your shop. With a large number of businesses and schools situated in the urban areas of India; products such as pencils, pens, paper of different varieties, notebooks, and others will always be in constant demand.
2. Print Greetings
Festivals and special occasions abound through the year in India, along with these there is the steady requirement for wedding cards, festival greetings, special occasion cards. Online greetings have also not diminished the demand for these cards. You don’t need to contribute a lot of your money for this sort of business; all it takes is innovation and creativity. Unleash all your innovative energies and attempt to make cards with appealing designs and examples.
2. Costume Jewelry
People, especially women love to accessorize themselves; and since India is a religious, cultural yet fashionable place, customized jewelry businesses in India are sure to grow. You can invest in buying a small jewelry-making kit and create necklaces, earrings, and bracelets that are uniquely designed for each of your customers. Creativity and a good marketing tactic are two overwhelming factors that will determine if you will succeed or fail.
4. Fast food Joints
Contrary to popular belief, you do not really need to spend much, especially if you already own a small space that can be turned into a canteen. You just have to buy the ingredients that you will need to whip up your menus for each day.
Menus do not necessarily have to be top-of-the-line; you can begin with simple recipes. Remember that food is a basic need of man and humans must eat regardless of the economic or whatever situation. A point of note is that your business must be built on the foundation of exceptional customer services.
5. Digital Photography
A properly written business plan helps a photographer to start, grow, and manage the business well. It also assists him or her find out how viable the business really is. With a business plan they can determine the goals and lay down the strategies needed to achieve the same.
Normally, the equipment bought by a photographer is dependent on the budget as well as other factors such as the type of shooting done and the space available. As a business owner it is important to seek the membership of local photography organizations, chambers of commerce, and related professional associations. These provide good opportunities to do networking and get in touch with potential customers. They can also collaborate with other photographers and compare notes with them. Such connections also help in finding funding sources.
The marketing aspect comes in once the initial framework has been completed. The first step in this regard is building a good and consistent reputation, which is followed by identifying and contacting prospective clients. It is very important to have authentic information about them. The owners need to allot a certain part in the day to market themselves – in the initial stages generating awareness takes up the maximum time.