Money is hard to come by, we all agree on that. You might think that 100,000 is too small to start a business with, but that is not the case. This article highlights some profitable businesses that you can start and run with as little as a hundred thousand. The good thing about these businesses is that you can run them from the comfort of your home and market them on social media.
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Thrift store: Thrift is a profitable way to make money. Low-income and middle-class individuals would always patronize thrift stores. So there is never a time when you do not have ready buyers. With 100,000, you may not be able to get more than one bale of clothes. What you should do is source clothes from thrift dealers who are already established, let them know that you are going to resell and they would allow you to select a variety of clothes at what we can call "wholesale price". This way, you can afford a variety of clothes and still make a profit.
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Jewelry and perfume oil: Your target market for this business is the adult female population. True, men wear jewelry too, but they are not our focus, not at the start. You do not have to sell hundred per cent gold or silver jewelry. Start with the basics, the kind that women use every day. They are cheaper and are in higher demand. Perfume oils are also here to stay. The target customers are women as well. Perfume oils are sold for as low as 1,000 which means you can get it at a lower price when you are buying in bulk.
- Sale of honey: The health benefits of honey can not be overemphasized. Lots of people today need honey as a healthier substitute for sugar and you would no doubt agree that it's not readily available, perhaps because of the skill and expertise required in its production process. You can fill up the need of an already existing market by partnering with a local beekeeper. A 20-liter gallon of honey from cross river state goes for 25,000. The price would differ from state to state, but that gives a fair estimate. what it would cost. To make excellent sales, you should get nice bottles for packaging and meet a graphics designer to work on labels that would go with the bottles. All of that would cost less than 40,000. It's best to not adulterate the product. That way you get to offer your customers great products which would keep them coming back. Package the product nicely and take it to pharmacies, grocery stores and supermarkets at a discount while they do the actual selling to individuals.
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Mini grocery store: With as little as 100,000, you can open a mini grocery store. Even if you do not have a shop, you can make a table or two and place them in strategic positions. Display your wares nicely and begin your business.
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Laundry and dry cleaning: You do not need to have a shop or store to do this, a laundry business is one that you can run from the comfort of your home. You would need the following equipment: a washing machine, a pressing iron, a table/ironing board, hangers, detergents and bleach/stain removers. All of this can be gotten with less than 100,000. As your business expands, you can decide to get a different location and more equipment. Sms has proven to be a useful tool in growing laundry businesses. https://smartsmssolutions.com/blog/123-sms-marketing/marketing-by-sms/1568-how-to-use-sms-to-grow-a-laundry-business
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Making and selling of local drinks: Drinks made of Tiger nut and Hibiscus leaves ( kunu and zobo) are common and highly sought after in this part of the world. It's a healthier substitute for fizzy or carbonated drinks. Many people shy away from buying it because they doubt that those drinks were made under hygienic conditions. Yours could be the different one. With 100,000 social media adverts, you can be a big-time supplier of those drinks. Make videos showing your production process and post them on social media. When it comes to products like these, the packaging is everything. Do more than the basics.
Online catering, Cable tv and data subscription are also businesses that can be done with 100,000. Here's how you can earn cash using your SmartSMSSolutions bulk SMS account https://smartsmssolutions.com/blog/123-sms-marketing/marketing-by-sms/1544-how-to-earn-cash,-data-and-airtime-using-your-bulk-sms-account
Much as almost all these businesses can be run from the comfort of your home, do not underestimate the impact that a good business location would have on your business. https://smartsmssolutions.com/blog/118-sms-marketing/small-business/1535-is-the-location-of-my-business-important
Visit our webpage to create a free bulk SMS account with us which would prove useful for all your business communication needs and campaigns.