Business Ideas With 1 Lakh Investment in Pakistan, Here is the list of profitable business ideas in Pakistan that you can start with 1 lakh rupees.
Business Ideas With 1 Lakh Investment in Pakistan: Starting your own business with just 1 lakh can seem impossible, but it’s possible! We’ve put together a list of businesses you can start with this low investment to inspire you. Take the plunge and get started on your own venture today!
Business Ideas With 1 Lakh Investment in Pakistan
Explore these 10 business ideas that you can start today, which require an investment between $1,000 and $10,000. These small business ideas have been developed keeping in mind that you do not have a large amount of capital to start with. You will be surprised at how diverse these businesses are and at how many options there are for generating income from them. Take your pick and enjoy investing your money wisely.
1) Car washing Service
Let’s be honest—when was the last time you washed your car? If you live in a big city, it probably isn’t often enough. Car washing services are becoming increasingly popular, especially since more of us are driving around congested urban areas and don’t have time to squeeze a car wash into our busy schedules.
If you love cars and want to get paid for doing something simple and easy that most people wouldn’t enjoy (e.g., standing out in an alleyway next to a dirty car), look into starting a car washing service business. You can charge by surface area or by time and offer added services like leather cleaning or wheel polishing.
Get creative! Or find someone who is. To learn more about how to start a car washing service, read The Beginner’s Guide to Starting a Car Wash Business from Entrepreneur Magazine.
2) Electrician Service
This can be a great business idea for all those people who live nearby their customers, as electricians. For example, if you are living near a school, then you can get an idea to fix broken light bulbs and wires there. If you manage your customers well then it would be a very profitable business. It’s better to start small and work your way up. So if you have limited resources to spend then don’t waste them on unnecessary things.
This is one of the best businesses that can be started easily without any experience or special training. The only thing required is some knowledge about electricity. You can learn from YouTube videos how to do basic tasks like fixing switches, replacing fuses, etc. After getting enough knowledge, go and talk to schools or other places where they need help with electrical issues.
Tell them about your services and try doing some free trials first so that they know what kind of service you provide. Then charge according to their needs and make sure they pay before starting any task. Be honest while working otherwise no one will hire you again!
3) Plumber Service
Plumbers charge a premium, but they’re not always available when you need them most. If there’s one plumbing problem that will always crop up at some point, it’s clogged drains. The good news is that some cities are much more likely to have clogged drains than others—meaning there’s an opportunity for you to start a plumbing service on demand. A plumber can do all sorts of repairs, including gas leaks and broken water pipes.
Additionally, depending on where you live and how busy your city is, most jobs are relatively easy to book days or weeks in advance. That means less chance of last-minute openings and more security for you as a small business owner. For instance, if you know that only 10% of your work comes from walk-ins, then you can be sure 90% of your revenue will come from scheduled appointments.
This makes it easier to plan expenses and staffing levels. You might even be able to offer discounts or advertise packages if clients sign up for multiple services at once (for example: drain cleaning plus pipe repair). Check out these tips for starting a successful plumbing business. And check out these five tips for getting more customers.
4) Tailor Shop
There are many tailor shops that provide high-quality stitching. The main aim of starting a tailor shop is to work as an expert in tailoring. You have to have clear knowledge about different fabrics and designs so that your customers can trust you more when they select their dress material from you. There is very little investment needed for starting a tailor shop, but if you don’t know much about sewing then it would be difficult for you to take orders from customers because they need to check your stitching skills before placing an order in your shop.
It is also necessary for you to have work experience of at least 2 years as an assistant or apprentice at any other existing tailoring shop so that there would be no difficulty for people to trust your skills. It is essential for you to make sure that you get all the latest machines and equipment required for stitching. For example, computerized machines, sewing machines, etc. If you do not have enough money to buy new machines then try to borrow them from someone else or hire them by paying some money monthly until you earn enough profit from your business and can buy them back.
This will help your business grow faster than ever before. You must remember one thing that success never comes overnight therefore; it is important for you to keep patience while working hard towards achieving the goals of your business because without hard work nothing good happens in life therefore; keep trying harder until success comes knocking at your doorsteps.
By picking up a hammer and some basic carpentry skills, you can become a home improvement contractor. In many areas of Pakistan, people have to pay full retail price to contractors for simple tasks such as replacing broken window panes or installing new locks. Offer these services at lower rates, and you could save customers money while making a profit.
After completing a renovation project, ask your customer if they know anyone else who might need similar work done; it’s a good way to expand your business without having to invest more cash upfront. You can even take on small jobs like mowing lawns or snow shoveling by offering deals specifically for neighborhood residents.
Start a fruit stand at a busy intersection or neighborhood market. If you buy wholesale and get in at a good price, your per-item profits can be huge. And since your investment is small and low-risk, it doesn’t take much to learn whether selling fruit is right for you. Consider proximity to water if using containers on location. Also consider items you could sell other than fruits, such as snacks and drinks (teas, candies).
Selling food from a fruit stand will likely require some permits from local authorities. You’ll also need insurance, which might not be easy to come by if you’re starting out. In general, try to think of creative ways to make money that don’t involve taking big risks or making big investments upfront. This way, even if things don’t work out exactly as planned, you won’t lose too much money along the way.
7) Fruit Stand
A cheap and easy way to start a business is by selling fruit or other local produce. Many areas have great products available, especially if you live in a warm climate. If you don’t want to sell your own produce, check out farmers’ markets. You can find them around many major cities and they are a good way to meet other sellers as well as customers.
Depending on what fruits and vegetables are popular in your area you could do very well doing this. Be careful not to go overboard, though; fresh produce goes bad very quickly so don’t take more than you can sell or store properly before it goes bad! Also, be sure to get any necessary permits for selling food from your city or county government.
8) Ice Cream Cart/cart for Snacks
Ice cream carts, like many food trucks and stalls, can be a very profitable business. Ice cream cones are often sold for more than $2 and people love ice cream on hot days. Selling snacks at an event or concert is also profitable but takes a bit more prep work and preparation for such events. On-demand delivery services are also becoming more common.
This means that as long as you have your cart/truck set up to do so, you could deliver things like groceries (milk/bread/etc.), toiletries (toilet paper/etc.), pizza, or almost anything else people would buy from their mobile devices. You’ll need to apply for permits and licenses to operate these types of businesses. You’ll also need insurance—and remember that if you hire employees, they will need insurance too!
9) Auto Garage or Repair Shop
Home renovation contractors offer a relatively steady income and plenty of flexibility. You can start small, working nights and weekends, then take on more jobs as you grow your business. To get started, pick up some basic tools, and sign up for contracting courses at community colleges or through online programs such as Trade Institute Online (TIOL).
And always remember: before you hire any employee, establish clear expectations for their performance and avoid taking on anyone who has been referred to you by friends or family. You don’t want to put yourself in an uncomfortable position where someone is working for you while they think they’re going to get a big payday—or badmouth your business when they leave.
10) Home Renovation Contractor
The Pakistani property market is growing fast, and a lot of foreign investment has entered it. This means that renovation opportunities abound. The market for renovation services is also increasing as well since many people are choosing to renovate instead of buy a new property.
You can make money by contracting out to do renovations for homes. It’s highly competitive, but you can stand out by offering higher quality work at lower prices. Be sure to check your local regulations on construction and permits before getting started.
Also Read: Monthly 1 Lakh Profit Business Ideas
As a start-up nation, you can easily set up your own business and earn millions. The best thing about starting a new business is that it gives you an opportunity to learn, gain knowledge, and experience.
One of the things which are most important while entering any business is having enough capital. If you have only one lakh in your bank account, then follow these tips.