Small Business Idea: An Overview

In this article, we will tell you about the small business. It means that if you have 5 to 10 Lack rupees you can start a brand new company with some little investments and the probability of the success of that business is 50%. 

When you visit an academy in order to crack some entrance say the exams of IAT or some other exams in the world. The chances of cracking that exam are pretty rare because of the limitations of the vacant seats. On the other hand, if you start a new business in a particular area. You can say a 50 KM area and sell your products quickly than which one is better. I will also get an answer to this question after the whole conversation.

Small business name

So, for example, I have an idea for an offline jewelry store. The store's name is 99 Jewelry. This precisely matches the mentality of the customers. Because in the world there are so many stores which sell products on the 100, 250  and 150 rupees. For that, you have to decide on the store which name is 99 Jewelry. It means the price of the jewelry at your store is 99 rupees.

Place and promotion for that business

This is the product of the ladies first f all this needs to be clear in your mind. So, the place is according to the targetted audience. You can open this store where the rent rate is low and the visiting of the ladies is huge like some universities near or college or a small shop in the mall or in front of the mall which looks attractive. So, this is the best way to target your customers.

Now the second way to promote this business is so easy. You are doing this business offline. So, that’s why you can create a good store by making it premier. But the question is how it’s possible? I’ll tell you. Take some excellent and fine pictures of the jewelry and ladies who wore different sets of jewelry looking attractive in order to grab the attention of the ladies. 

You can use the smart TVs or screens to visualize the jewelry sets this is another way to promote the business. It does not means that you have to fill the whole store. You won’t have to do that. You have to simply present a good look at your store so that someone looks at your store and instantly comes to your store. Through that, you can promote your business. Make a fine board showing lighting in the night to represent your brand 99 Jewelry.

From where you can get products to sell?

This is one of the big questions. Because in the business the whole concern is about the products taken and sold. How to create your profit as well. So, there are so many wholesalers according to your country. So, all you’ve to do is meet them and take the jewelry sets from them. They may be 40 to 80 rupees you have to put a small number of products say 500 not too much but the products must be attractive and build the confidence of your brand name in the customer's mind. So, they come again and again and tell others.

How to generate sales?

The generation of sales is quite an important part of which the whole business lies. So, for sales generation, you need to look at the taste of the products. But here is one important question which is that how would you know that ladies like this jewelry? Or if you are not getting the sales is there a mistake in the product selection? 

So, I am telling you the hack through which you would know which type of jewelry your store has to purchase and then sell. So, go to the shopping malls and the same shops as you have and take the reviews the reviews will tell you the way which product and why? So, the chances of failure are now overcome. If you put the pizza in front of me at a low price why would I not come, I’ll.

The best way to create confidence in your customer is the product price. You have to sell the products for 99 rupees but also aware the people by using the smart screen that this product price is 400 or 300 at the Amazona and we are giving it to you for 80 or 90 rupees just. You can also give a full set of jewelry on the 10 products sold. Like in online marketing, coupons perform the sales of packages. Like this, you can get more sales and you will see that number of the customers will rise and sales increase just of your active mindset.

I have calculated the whole sales if ten customers some in your shop and they will buy 500 rupees in one day after one month you can make 1.5 Crore rupees and if you give all the expenses you can earn 50 thousand purely and easily without expenses. 

In other words, you can earn 50 thousand from a small business easily with cheap investments. Like this, you can grow. If you want to get more customers you can convert the small business into multiple businesses by opening the branches in different cities and next globally. That’s the mindset of an entrepreneur.

Here One question will come to your mind. That you could also open it online. Yes, it’s possible but how do you deal with the shipping and the competition? At that time there are so many sites which are on top just like Amazon. You can't compete with those sites. If you have to beat the rankings and create your rankings you will have to pay a lot more than you will make sales offline you have a physical connection with the customer but offline it’s not possible. So, this is all about the small business idea.

Conclusion

This is just an idea to get started and make your mind open in the field of business, you can make more ideas if you like this and are willing to try it out. I hope that you will get successful because we have worked on all the questions and things that can fail a business. But there is no surety that 100% it will be successful but 50% sure than any entrance in which you put 18 hours study and at last due to shortage of seats you will be failed and disheartened. So this is the best way to put your mind and get started with it! I hope you will like the idea.