Business Ideas Under 50k In Pakistan: Starting up a business can be expensive, but that doesn’t mean you can’t start one in Pakistan! You just need to get creative and come up with ideas that don’t cost too much money and have the potential to turn into successful businesses. You’ll have plenty of options when it comes to starting up without breaking the bank!
Business Ideas Under 50k In Pakistan
Limousines are one of those things that most people associate with wealthy celebrities and successful businesspeople. The fact is, however, that you can start a limo service in a very short period of time, and with very little money. For under $50K USD you can be on your way to starting your own limo company. Limo services don’t require any type of licensing or regulation either—meaning you can get started quickly and easily by finding an experienced driver and purchasing vehicles secondhand from owners who are already in business.
A modern limousine will cost upwards of $100Knew, but you should be able to find plenty for less than half that amount used from other drivers looking to upgrade their fleet. Once you have a few cars, it’s simply a matter of marketing yourself to local businesses and offering special deals for weddings, birthdays, proms, etc. You may even want to consider partnering up with another driver if you live in an area where there is enough demand for two separate companies.
Online Jewelry Store
By 2017, online retail sales are expected to reach $1.2 trillion in value worldwide, according to an analysis of consumer habits by eMarketer. That growth is being fueled by digital natives: people in their 20s and early 30s who grew up with smartphones and have never known a world without social media. So-called digital natives have helped propel e-commerce into a thriving ecosystem of digital buying.
And they’re only getting more sophisticated at using it every day. Between 2013 and 2016, around one-third of all millennials were making purchases via mobile devices every month. To capitalize on that trend, you could open an online jewelry store to cater directly to young professionals and Gen Zers with a growing need for flashier accessories as part of their wardrobe.
If you’re good at making (or buying) coffee and selling it to your friends and neighbors, chances are that you could use that talent to start a business. The median income for baristas in 2016 was $10.48 per hour. If you’re skilled at making lattes or other espresso-based drinks, your overhead costs should be low, allowing you to make a good profit from each drink sold.
Some general tips for running a coffee shop: You may have heard about hipster cafes that sell juice and vegetables alongside their brewed beverages—but what do you really need to know about opening one? How do these establishments operate? Which cities have seen considerable growth in these types of businesses? What does success look like? We asked industry experts to weigh in on everything from location to pricing to staffing. Here’s what they had to say.
This is a relatively low-cost business idea that can be opened in or near any area where foot traffic is high. The key to making money with a juice/smoothie bar is finding the right location (think of it as you would a good investment property). It should be somewhere where people generally want to spend time and eat, whether they are working out at a gym, taking an afternoon stroll, etc. A location near a college campus or on a busy street will almost always work. The cost of opening one of these businesses can range from $20,000 – $50,000 (and sometimes much more).
If you have already had some experience in creating delicious juices or smoothies then it will likely cost much less. Keep in mind that if you choose to go down this route, there is a lot of competition online so your online presence needs to be strong if you plan on doing most of your sales online. Otherwise, try thinking about ways you could make smoothies or juices unique by adding different ingredients like fresh herbs, spices, local honey, or fruits/vegetables from local farmer’s markets.
That way customers who enjoy your products will become regular customers who come back for more! You could also open up another type of food-related business nearby like a bakery so when customers come for their morning coffee and croissant they’ll see your storefront just across the street and stop by for their afternoon pick me up as well!
Start a showroom for furniture or interior design. For example, modern and traditional Pakistani furniture is very popular in America. If you know anything about wood or can find a partner who does, you could make a living by marketing and selling high-quality products to buyers in America. There’s still time to start for Christmas if you jump on it now!
A website with pictures of your items will be needed as well as an eCommerce platform such as Shopify to process credit card payments. You can also market your business through social media sites like Facebook and Instagram. To avoid having a warehouse full of inventory, try to get large orders from major retailers so that you don’t have too much leftover stock sitting around taking up space. You’ll also need employees (i.e., workers) who have experience with carpentry and can assist with product assembly or shipment when necessary.
If you’re good at working with your hands and can paint or draw, you might consider starting an art gallery. Art has a way of always feeling fresh, no matter how old it is—and art bought directly from an artist is extremely valuable. That makes it a great business idea if you have some artistic talent and are able to sell what you create.
Art Galleries come in all shapes and sizes, as they can be started as part of a larger business (such as opening one within a book store), or they can be stand-alone businesses that don’t require anything other than buying and selling art through social media accounts and local publications.
Home Decor Store
An industry with low start-up costs, lots of potential for creativity, and a ton of home improvement projects to help drive demand. The idea here is you open a store where people can buy furniture and other home essentials; not just something like IKEA. For people looking to up their interior design game, offer consultations and hire contractors who can do custom installations in customers’ homes.
It’s also a good way to get into real estate if that interests you or start an online store like Wayfair or one of these upstarts. You could also team up with local businesses as they tend to be more affordable than chains and will help bring your brand name to new areas. If you’re looking for inspiration, check out retailers like Made Nice (from IKEA co-founder) and Good Stock on College Avenue in Toronto’s Little Italy neighborhood.
Beauty Salon And Spa
Beauty salons and spas are a very popular business to own in any country around the world. If you have some sort of talent for giving massages, facials, hair styling, or manicures and pedicures, then opening up your own salon can be a profitable way to enter into business ownership.
Even if you don’t have any experience in the cosmetology, you can still open up your own beauty shop—many states require no license or training to operate these establishments. The costs of getting a salon off the ground are low compared to many other types of businesses and if you market yourself well enough, you could become a local sensation by posting lots of pictures on social media and getting customers to refer their friends and family members over time.
Call Center / IT Company / Data Entry
If you have a computer and a phone, you can probably start your own call center. That’s exactly what you’ll need to do if you want to start your own business providing data entry services. Basic knowledge of typing, spreadsheets, and IT is necessary; so is training in areas such as emotional intelligence, conflict resolution, and customer service.
The great thing about starting your own business providing data entry services is that it won’t cost much to get started–you don’t need any special licenses or permits (though some training may be required), just time and energy. You should also ensure that you have all of your internal systems in place before approaching customers.
Insurance Agency / Money Exchange
Starting an insurance agency or money exchange business can be a great way to create your own flexible schedule and make some extra money. But, these businesses are very capital-intensive and most of them need expensive startup costs (lots of liability insurance) before you’re ready to roll. If you’re interested in starting a business like this, make sure you have lots of cash on hand or can finance it before you get started. Do yourself a favor and be aware that these businesses take time to build—don’t expect immediate results!
This type of business is also a good choice for those who want to work with their hands as well as their head and heart. You’ll find plenty of creative ways to help customers with financial planning questions, or just spend time helping people figure out how they’re going to send their kids to college. The best part about working with your hands is there’s no limit on how much money you can earn: Even if your customers only bring in $1 million dollars over 5 years, you still made $200K from doing something you love!
Also Read: 10 Business Ideas Under 5 Lakhs
When you’re ready to pursue your dream, choose one of these business ideas that you can start for under $50,000. If a franchise isn’t an option for you, then consider a home-based business.
These businesses are simple to operate and don’t require a large investment; however, they can be quite profitable if done right. Are there any other businesses that we missed? If so please add them below in the comments.