Top 5 Low Investment Business Ideas
Here, We Discuss, Small Entrepreneur May Set up More Profit Potential with Low Investment business that is totally based on Skill and Expertise. Start your own business out of the Top 5 Low Investment Business Ideas.
The business plan is very important at the time of the initial stage of starting a business. At the same time, we are required to discuss a selection of Location business Place, Comparable Competitive Price, Marketing, and Advertising. In this article, we shall discuss businesses that totally based on skill and expertise having more profit potential with low investment
The Travel agency is cover under the Services sector that represent tourism-related services like package tour, railways, airline, seaways, and hotels, etc.,
The travel agency is one of the lowest investment start-up businesses nowadays. Reservation and Distribution of tickets is the most important Function of the travel agency.
Here it is important to note that for a travel agency worker to have extreme knowledge about air travel worldwide as well as nationwide like Booking Method, Class of travel, Special Customers, Passport -visas, Travel Directories and Hotel Guides, etc.,
If you want to start a Travel agency then another Important Function is a management task. Travel agent poses skills not only in managing to schedule but also in processing effectively. Gathering the knowledge of similar industries likes Whether Condition, Custom and Culture, Main Attraction, Money Exchange Rate, Lodging Facilities, Travelling Rules and Regulation of Different countries.
2. Mobile Recharge Shop
The Mobile Recharges Shop is also cover under Services sector and If you want to start you own mobile Recharges Shop, you have to remember details about the location of the Shop(This business can also be started at home), start-up Cost, types of equipment (Computer or Smart Phone with Internet Connectivity and Smart Application) required, Marketing and Advertising with established Infrastructure.
if you have a money Problem then choose a lender which provides minimal eligibility and documentation.
It’s quite difficult to establish a customer base for this business, you have to spend more money on marketing and advertisement.
3. Beauty Salon
Whether you are an Expert Train Beautician and if you desire to start your own Beauty salons then we are here providing exceptional knowledge about it.
Beauty salons are the most profitable capture business that can be started with low investment and plenty of perks.
Normally Peoples are not understood the word Beauty Salon, There is a difference between Beauty Salon and Beauty parlor.
Beauty parlor is a business of basic services with limited staff whereas beauty salon is middle size enterprise with a variety of services like selling beauty Products and skincare products etc.,
The procedure of opening a Beauty Salon Business
- You have to Registered your business with the local government. Choose a Catchy Name and Select your Business legal Structure.
- Obtain a license and permit by the competent authority.
- Analyze the Growth potential for beauty salon
- You have to require such a location that captured the local Market.
- Set up a Wet Station
- Focus on Your Customer and Think about Your client based
- Provide Extra Services with Competitive Price
- Purchase Highly Rated Equipment
- Social Media Platform (Set up Website is preferred)
Key Factor for Improving your Beauty Salon
1. Beautician Training and Expertise
2. Business Planning
3. Shop Design
4. Furniture and Equipment
5. Supply link of Beauty Product
6. Marketing Tips
7. You can also go Online Business
8. Extra Services relating to Beauty Salon
If you are passionate about photography then the best opportunity for you to start your own business as a photographer. Photography is an expensive business that required some expensive equipment like
- A Camera Tripod,
- Remote Shutter Release,
- Prime Lens,
- photography Lighting Equipment,
- External Flash Unit,
- SD Memory Card,
- Camera Cleaning Kit,
- Camera Strap and Photography Studio Equipment, etc.,
There are many types of photography like Food Photography, Nature Photography, Portrait Photography, Mobile Photography, Travel Photography, and Wedding Photography.
Points to be Consider while starting a business as Photography
1. Write a business plan:
Staring point wedding and event photographer required business plan for Initial Phase, Growth Phase, and at Maturity Phase. You have to analyze start-up costs of around 3 to 5 Lakhs.
2. Online Business Planning:
Invest your knowledge in an online website to grow your business. The key matter to go online are
- Set up a killer website for your business
- Create Your brand
- Social platform for Marketing
- Keep learning to Update Online
- Enhance the Online Market
Read Our More Article: Top 5 most Profitable Business.
3.Get Expertise Knowledge:
Expertise in Photography skills and attributes required for the growth of your business. You should get professional Experience. Cope with changes in photography skills so new potential clients can see your current work.
4.Come up with a Package:
Keep your Price Comparative with another business package to capture the mature market.
5.Analyse the Customer’s Need:
As being Good Photographer you have to analyze the customer’s needs, expectations, and Contracts or agreements with theirs.
6.Create Network Chain For Your Business:
You do not become a famous photographer until you are not known to the public so join the group, meeting, seminar, and other platforms to meet new people and expand your market.
5. Event Management
I believe you want to start your Event Management Company, in that case Firstly and foremost you have to make sure that about it. Event Management Business Growing faster than the last decade.
As per the Economic Times, it has been observed that the event industries growing at a compound annual growth rate(CAGR) of 15% and is expected to increases 16% to 20%(CAGR) in the next ten years. (Due to the Corona pandemic this figure might be changed).
Event Management is a wider concept as compared to other management companies in the terms of event planning, facilities, and Coordination.
The Event Planner is only responsible for the event’s success and failure. it is important to remember that many clients are not offering the venue for an event, in that case, the event planner’s responsibility to arrange the same.
Event Planner required to have a good communication skill and poses certain qualities such as tact, caution, firmness, Judgement, prudence, and reliability, etc.,
The Key areas to Concentrate on Event Management by Event Planner.
- Build Solid Planning
- Secured Start-up capital
- Focus on Main Supplier
- Effective Linkage between Staff and Event Schedule
- Create Alternative Event Plan
- Analyze the area to go Business process Automation
- Use online social media to Promote the Main event
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