For a country to prosper, it is crucial that its small and medium businesses thrive without any government support. Today numerous people are looking for starting their own business instead of working for a company with a regular 9 to 5 job. It doesn’t matter what educational qualification you have or whether you are currently employed or unemployed. Anyone who wants to spring their own business can read this article to know Business Ideas that they can start with an investment with low investment.
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1. Food Truck
Easiest and profitable business to start is a food truck. In India, Food Truck business is growing in high rate. You can quickly begin this business with an investment amount of Rs 1 lakh. A significant chunk of your investment will go into getting licenses and permits. Other expenses like procuring raw material and the commercial vehicle wouldn’t cost that much. You can rent a four-wheeler as you don’t have to buy. As far as human resources concerned you along with 2-3 members of your family would be enough for Food Truck business. You can collaborate with some vendor for a discounted price on raw materials.
2. Food Catering Business
You can start a food catering business if you find food truck business difficult. Here you prepare various dishes on order and then deliver it to customers at their doorsteps. You don’t need an exclusive license or permit like Food Truck business, and you can also start tiffin services.
However, you do require a catering license. For occasions like marriage, birthday parties, anniversaries, and many people will order dishes from you, and you need to deliver them. To get started you need a kitchen, raw materials, few staff members and a budget for marketing (like distributing pamphlets and sticking bills).
3. Tea Stall, Fruit Juice Kiosk and Snack Joint
This is a trendy business idea under 1 lakh. You don’t need anything extra to know about starting a tea stall or a fruit juice shop or a snack joint. Important things to get started are Choosing the right location, Raw material, Rent a Space. Also, you don’t need any extra license is the best part of this business.
4. Tailoring and Laundering Business
Tailoring and laundering business requires a meager amount of investment. For opening a tailoring shop, you need a few sewing machines and a staff of 3 to 4 people. You can also launder and iron clothes. Tailoring and laundering business is straightforward to get started.
5. Newspaper Distributor
Newspaper Distribution business is a profitable business. A newspaper vendor earns a profit of 30% – 40% commission for per copy. As a newspaper vendor, you have to collect newspapers from distributor early in the morning by paying cash upfront and delivery of the newspapers on time. you
6. Pest Control Services
Pest Controllers demand is growing from homes and commercial buildings which have made Pest control service a very lucrative business. If you can establish a client base, then your business can thrive in a short period.
7. Human Resource Services
If you have worked for Multi-National Companies, then you would know the importance of hiring the right kind of employees. As an HR (Human Resource) firm, you can tie up with various MNC’s and help them to recruit the right type of employees with necessary skill. You get a commission on each hiring. To start an HR business, you don’t need much, just office space and a budget for advertising in various newspapers.
9. Day Childcare
Nowadays in cities, Parents are too busy and can’t look after their child on their own during the daytime. Hence, they need someone who can take care of their child also educate them while they are out. So Day childcare is one of the best business options with low investment.
10. Tuition and Hobby Classes
Tuition classes which are also known as coaching centers are ubiquitous all around the country. You can start taking classes for students of all the level from 1 to 10 or even 10+2 or however you want. Apart from regular courses, you can also teach singing, dancing, acting, painting and other hobbies in which students are interested.
So these were some of the business Ideas which you can start with a minimum investment. The new age of business demands low Investment Business Ideas with maximal financial gains. With the modern economy and new business innovations, even the small players in the game, with little in their hand to start up a business, can fare quite well. Small business ideas, with low financial requirements, however, they need you to think outside of the box. You will also need to register your business under Private Limited Company registration, LLP registration or any other business entity Once again I’m reiterating that you should consider a business according to your experience in a given line of work.
Why is it Essential for You to Build Your Brand?
In today’s world, the Brand building is important. Brands are promised mark which is opposed to trademark. Products have life cycles. Brands outlive products. The brand is the way you define your business to external audiences and your employees. It embodies the core of what your business is and what you value. The brand building creates awareness, generates trust, and creates customer loyalty. A strong brand image will influence your current and prospective client’s response to your products and services. Company incorporation under Private Limited company registration, one person company, LLP or any other business entity along with trademark registration is mandatory in the branding of the company. Raising your brand online helps you to get more customers. Every brand taking part in online marketing should be aware of the following ten strategies that target the market.
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1. Strategies to Build your Brand
Social media is one of the best strategies for brand awareness. Social media is the best way to be engaged with the customer. Utilize Social Media like Twitter, Facebook, Google+, and Pinterest. It has not required any cost to build Facebook & Twitter but instead, need just time. Variety of people use social media platforms, and if you are not using them, then you will miss out in regarding of reach. Moreover, if you don’t have time to spend on social media then either you can hire a virtual assistant or a full-time social media manager for your business. You can also build your brand with the help of Digital Marketing.
You should create your YouTube channels and submit quality videos in the name of your business regularly to build your brand on YouTube. The goal here is to gather many subscribers by marketing videos. Once you get followers, it will become easier to go viral, and it will also practically market them. If you have a website or a blog, then you should link out to YouTube Profile. If you can reach a tiny percentage of people who got to YouTube on a daily basis, it is a great way to build your brand. With the help of search engine or similar techniques, you can optimize videos so that it can rank high in Google and YouTube with your targeted keywords.
3. Press Release
Press Releases are done to get into Google News by providing a quality press release. You must have some type of news to report because that is the goal of the press release. This method is so effective because many peoples read the news online & many will spread your article. It will give your website traffic and social media followers.
4. Build an Authority
You can build authority for your blog by becoming an expert in your niche. You need to write good quality posts for your blog that your readers can learn from.
To build authority, you need to continually research and stay updated in your industry. These will help you to provide relevant and trending information to your followers.
5. Guest Blog
There are so many blogs all over the internet that gets so many visitors on a daily basis. These people read and share the articles. Many bloggers today are accepting the guest post to keep up with the demand of their traffic and to help post more quality relevant content. You can also post it under your business name and probably get a link back to your website; it is free most of the time.
Always show your business & social profile in the author bio, so that readers can get to know about your brand.
6. Give away Free Branded Things
Ideas for free items might be the trial version of your products, one-time services, free eBooks, free t-shirts and free stickers can help your brand. You can say to your followers that they can have e free eBook as long as they send out a tweet or a Facebook update that advertises your business. Always use the brand name, while distributing physical stuff so that they always remember your brand name whenever they use it.
7. Write for a specific audience
You can’t drive targeted to your blog if you’re writing your blog post for a broad audience. It would help if you wrote for a specific audience within your niche in order to drive the kind that you need to attract.
8. Build a strong Reputation on Forums
Building a strong reputation on Forums can help you to get in touch with the targeted audience within your niche. The rick is to establish a good reputation in forums related to your niche. Put your blog links on the signature area; this will help to get more traffic.
If the Forums gets much traffic, many people will see the link you leave behind, and you will gain more traffic. It is the best method of free advertising.
9. Use PPC advertising
This might be a costly method to drive targeted traffic to your blog, but it might bring you the best result. So, if you have the budget to set up a good PPC campaign for your blog, you should do it.
One thing I will tell you is that this step takes plenty of research and you should understand services like Google AdWords before you waste thousands of dollars.
You need to advertise an opt-in page so you can effectively grab each customer. Then you must make sure that your investment per customer is worth you are getting.
If it is not, then continue to refine your offer and find ways to reduce costs.
These websites can potentially help your website go viral. Social bookmarking websites such as social bookmarking sites as Reddit, Digg, StumbleUpon, etc. will help you to attract quick traffic to your website’s business.
There are specific niches that have more success with these websites so make sure you understand where you can be useful.
Debt Settlement Programs will aid in Improving Your Financial Position
It is absolutely vital that you can understand what the options of debt relief which you can avail for yourself if you were to find yourself in a debt-related problem ever. There are a number of debt settlement programs available which can help people who have a lot of debts to pay. With these programs, one can successfully become debt free. Debt relief programs can help people in getting their personal finances right back on track. They shall never have to face any harassing emails or phone calls of such manner.
It might take a lot of research for you to locate a good debt relief program as all the programs have some kind of benefits. In this article, you shall learn about how you should avail debt relief programs.
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Debt Consolidation Loans:
This is an amazing technique of debt settlement which is used by a number of people to pay their old debts off. In this method, the services of a debt consolidation agency or firm are much required. This agency is an external one. It will work as a middleman between the creditor who has given the loan and the person who has taken the loan. In this scheme, all the debts that a person owes will be consolidated into a single loan. The rates of interest also get reduced by some considerable margin. The duration of the repayment is increased.
The person who had taken the loan now would have to pay off this debt consolidation agency the consolidated loan amount within the new time limit and with the new interest rates. The agency, on the other hand, will take care of repaying the individual creditors. Such a debt repayment scheme benefits the consumer a lot because he can actually end up saving some money because his interest rates are dropped.
Debt Settlement and Reduction Programs:
In the debt reduction program, an external firm or agency shall be given the responsibility of negotiating and then trying to lessen and reduce the loan amounts and debts that a consumer owes. The reduced amount can go even up to around 60 percent of the original amount that was owed. With a debt reduction company, you shall be required to pay a certain charge for the amount of cash that you will be ending up saving. In this technique also, the consumer shall be ending up with having been able to save up a lot of money.
For many people, it can become quite taxing to see that they are unable to repay their loans off. In these situations, the presence of such programs offers avenues by dint of which they will be able to get their financial lives back on track. These debt relief programs provide a ray of opportunity to these people to have a chance to start their financial lives in a new manner one more time. These methods are perfectly legal and legitimate.
Some Basic and Essential Information About Debt Settlement Programs:
It might be a lot of help to you to be having some form of essential information about the debt settlement and relief programs. In the event that you were ever to think that a company is trying to trick you and perform a fraudulent action, then having this information can benefit you immensely.
Understand the various forms of loan that you can repay through a debt settlement Plan:
It is vital to know what are some important formalities that you must oversee before applying for any debt relief program. The first thing that is necessary to check is how your financial condition is. You must check the types of debts that you accumulate and which have gone beyond any form of settlement plans. In any debt settlement plan, you will be required to be having good credit scores in order to be eligible for the plan.
Also Read: 5 Steps to Expand Startup Budget
Sometimes, it can also be required for you to be defaulting on any loan so that you are able to present yourself as someone who cannot repay the debts that you owe. You can go for a secured debt consolidation loan program when you are able to provide a form of collateral. In case you do not have collateral to offer then you can always go for unsecured debt relief plans.
Type of Requirements to Fulfill the Debt Relief Program:
If you are enrolling yourself in a debt relief program, then you ought to be following a number of things with absolute certainty. You will have to be following a strict budget; you will have to alter your lifestyle and follow a simpler life. You should not have any more debts added. You should stop using your credit cards and pay with cash only and also look for ways to improve your income.
You need to go through debt settlement reviews in order to learn more about how you can use different debt relief methods and procedures to help you manage your personal finances.
If you are able to manage your finances properly, then it can help you to lead a stable and financially independent and free life. After you start to accumulate any sort of debt, and you find yourself having trouble in being able to pay the debt off, then there are a number of debt relief services which can help you to manage them. There are a lot of people who file for bankruptcy because they manage their finances poorly. When you follow a debt relief program, you will be avoiding such a situation as well. You ought to fix up a budget and stick with it. Then slowly try to increase the savings you have and make cash payments in order not to incur any more debts.
Hopefully, the information mentioned in this article will have helped you understand how you will be able to use debt relief programs in order to improve your finances.
Unable to Manage Debts? How to Take the Right Financial Decisions?
Loss of income when you have too many dues in the market can make life seriously impacted. Mental peace, reputation, legal records, all gets disrupted when you start getting notices from your creditors for non-payment of dues, and recovery of dues and penalties. To bring things into the track, there are some financial decisions you may take. Three commonly taken steps by most debtors in trouble are bankruptcy, debt consolidation, and debt settlement. But which step you would take depends on many factors, which you must understand as you prepare to consult a financial advisor or lawyer. Accessing your situation, and finding out what fits for you is a prime requirement to deal with unmanageable debt.
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You would consider declaring bankruptcy when your situation may be like this:
- Your debts are too high for you to pay and you have no funds at all or very meager income which hardly suffices for your basic survival.
- You see no chances in the future to earn a sufficient income ever so that you may lead a good life and pay a lowered settled amount towards your creditors.
- You do not care at the situation about your credit score or market reputation and reliability as the debtor.
- You just need to get out of the situation at any cost.
But it’s good to keep in mind that declaring bankruptcy should be the last option for you, and should not be a healthy choice in the first place. Every person has some hope to get funds or earnings from any source, and you should also try so, and rather think of settling the debt than to give up.
Considering Debt Consolidation
Considering debt consolidation is an option when your situation may be like this:
- You have multiple debts
- You are paying high rates of interest for your debts and are looking for a low rate of interest loan to replace the current loans.
- You are having trouble tracking the loans and their EMI payment dates and getting all the more confused with the debt management.
- Often you are having trouble paying all the EMIs at different times of the month due to a shortage of funds or slipping out of mind.
- You have estimated that you can squeeze out a certain amount every month to pay for a single consolidated loan in case you get one approved to pay off all the current dues.
- You are ready to handle the debts and pay them off instead of escaping and want a reasonable fix for the situation.
- You do not want your credit score to be affected any further for the nonpayment and missed dues, and you want to rather improve the credit rating in future.
- You have a residence proof which shows you staying at the same address for at least six months.
- You have a stable income which would help you apply for the new loan
- Your credit score is not highly impacted and still shows a reasonable rating to get the loan approved.
If all the points above apply to you, then you are the right candidate for debt consolidation or put it this way, that debt consolidation is a good option for you.
Considering Debt Settlement
Debt settlement is the option for you if you are in the following situation:
- You have one or more debts which are too big for you to handle
- You struggle every month to pay for them
- You have missed one or more payments for a loan, or you feel you are completely unable to pay in the days ahead.
- You have no stable income, or your earnings are not sufficient to let you pay for the EMIs after deducting basic survival expenses.
- You are in such a condition where you have become mentally or physically challenged and cannot work further to earn.
- You have ample time at hand to wait for a settlement, and till that time you are not running away anywhere.
- You know that your credit score has been affected due to your irregular payments of the installments, and yet you are not seeking an immediate improvement of the credit score through the settlement. Rather you realize and accept the fact that the credit rating will be impacted with time as the settlement goes from initiation to finalization.
- You are preparing to arrange the lump sum amount to settle the dues after settlement and anticipate gathering the amount by the time the settlement proceeds.
- You are ready to bear the expenses for paying the required fees to the debt settlement services.
When you see that many of the points above are true for you, then you may plan a debt settlement. In fact, unlike debt consolidation which is applicable only for multiple debts, a debt settlement is applicable even for one single loan if the amount is unaffordable for you. But some research work and feedback study must be done before you proceed.
Things to know before you go for debt settlement
Debt settlement is an important decision and needs to be taken care of by seeking the help of financial consultants and debt settlement advisors. You can choose a debt settlement service by going through other people’s reviews in your area. Services get their debt settlement ratings based on which you may choose one.
Things to know before you go for debt consolidation
If you are considering debt consolidation, then you must be sure that debt consolidation is possible only when you show a promising income to pay for that new consolidated loan with proper proof of residence and earnings. Also, you must have the minimum credit score to get the loan approved at a low-interest rate. You won’t need any agent or consultant ideally to go for the loan, but hiring one would be your personal choice. Besides traditional banks, there are websites and online banks through which you may apply to multiple sources for a debt consolidation loan.
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