Top 10 Businesses Under 1 Lakh in Pakistan. Here is the list of the top 10 businesses you can start with less than 1 lakh rupees.
Top 10 Businesses Under 1 Lakh in Pakistan: Starting your own business can be one of the most fulfilling ways to get ahead in life. However, it can also seem like an overwhelming and challenging process, especially if you have never done it before.
Top 10 Businesses Under 1 Lakh in Pakistan
Thankfully, plenty of other entrepreneurs have taken this step before you, and they have done so by learning from the mistakes they made along the way – not only when it comes to their products and services but also when it comes to managing and maintaining their finances.
#1 – Florists
Be it birthdays, anniversaries, or everyday occasions; a bouquet of flowers is always a welcome gift. It is something anyone would appreciate, especially if they were not expecting it. Buying fresh flowers daily might prove to be costly; hence instead of going for fresh flowers on every occasion, it would be better to buy floral arrangements from time to time and deliver them yourself.
Moreover, during seasons like valentine’s day and mother’s day you can sell a lot more as compared to normal days. This business will also require you to have a shop where people can visit you directly and make their own arrangements as per their choice. Florists are considered one of the best businesses to start with little investment. The cost involved in starting up such a business ranges between Rs50,000-Rs1 lakh which includes things like flower vases, baskets, etc.
In addition to that, you need to pay for your initial stock which can be purchased from wholesale markets at cheaper rates. The best part about starting up such a business is that there are no competitors since everyone makes their own arrangements according to their taste and preference. Hence there is an excellent opportunity for profit-making in case you know how to market your products effectively!
#2 – Bakeries
Buying a coffee shop franchise is an incredibly exciting investment for those who love coffee. With an average starting cost of about $80,000, a franchise can be opened with minimal investment and lots of risk. However, if you are looking to start a business from home and looking for some additional income on top of your salary, coffee shops are a great way to go.
For example, you may be able to make $40,000 annually on just one shop! But before you get started, it’s important to do your research so that you know what kind of return on investment (ROI) is possible for a specific location.
#3 – Coffee Shops
Making coffee is a skilled and specialized craft, so you’ll want to leave it to the professionals. Opening a coffee shop requires some cash up front for equipment and merchandise (coffee beans), but once you get going, it can be a very lucrative business. According to The NPD Group, 63% of Americans purchase specialty coffee every month.
That being said, there is always room for growth and expansion of your coffee empire! #2 – Mobile Phones: Mobile phones are quickly becoming one of the most important devices in our lives. It’s estimated that by 2020 there will be 6 billion mobile phone users worldwide, which is about 70% of all people on earth. This means that if you’re not selling phones right now.
You should really consider doing so soon because they are hot items and will only become more popular as time goes on. And with prices continuing to drop, they are easier than ever to sell at high margins! As far as starting a mobile phone business goes, all you need is an inexpensive storefront or kiosk where customers can come by and browse through your selection of phones and accessories; from there it’s just a matter of getting customers into your store.
#4 – Electronic Stores
Electronics is one of those businesses that remains viable no matter what’s going on. It’s not dependent on seasonality or a certain group of customers. In other words, it’s always a good idea to look into opening an electronics store in your area. The best part is, that you can expect to get around 40-50% margins on goods sold. All you need is a computer and some knowledge of software and you’re set! Have any more questions?
Check out our recent posts about How To Start An Electronics Store In Karachi and How To Start An Electronics Store In Lahore for more info! #3 – Beauty Parlors: One of my favorite business ideas because it doesn’t require too much investment and there are so many ways to make money from beauty parlors.
For example, besides hair styling services, you could also offer manicures/pedicures, waxing services, facials, etc. A well-run beauty parlor will earn you 20-30% profit margins (or even higher) so if you can manage a team of stylists and beauticians then there’s definitely money to be made here!
#5 – Home Decor Stores
The demand for home décor products is growing steadily in Pakistani market. While it may not have a widespread appeal as electronics or clothing, there are still plenty of opportunities to make money if you know how to use some basic Internet marketing techniques to promote your business. There’s no need to open an actual store—many companies can be run online with little overhead expense and maintenance.
Make sure you select a niche that has ample room for your product, because many customers will ask where they can find your items. Choose one where there isn’t much competition and don’t worry about what others are doing—your advantage lies in offering something different or better!
#6 – Pizza Delivery Services
An estimated 500,000 people are employed by pizza delivery businesses throughout Pakistan. In most cases, franchises and independent shops will hire bicycle-riding drivers to deliver their hot pies within a given radius. While it may not seem like much of a living at first glance, drivers can easily make several thousand rupees each month (in many cases around $50), and with an investment of under $1,000 – pizzas included – a new business owner can set up shop within their local community.
To find out more about starting your own pizza delivery business in Pakistan, contact an expert today! #5 – Shoe Repair: Every year, thousands of people across Pakistan purchase new shoes from high street retailers only to have them fall apart before they’ve even made it home. It’s true that certain shoes will wear down faster than others depending on how often you wear them and what kind of terrain you travel over.
But regardless of how well you take care of them, there’s no denying that a lot of shoes need repair work done before they can be worn again. If you know someone who works as a cobbler or shoe repairman, ask if they would be interested in opening up their own shoe repair business on a part-time basis or full-time basis.
#7 – Ice Cream Parlors
Ice cream parlors are one of those businesses that can be started with just a tiny space. You can even start from your own house if you want! If you’re looking to get into a business that requires minimal investment and has high returns, ice cream parlors are for you. If you’re serious about starting an ice cream parlor, here’s a checklist of items you’ll need.
- A freezer – Big enough to store at least 20 litres of ice cream.
- Freezer bags – For packaging ice creams when they’re ready for sale.
- An air-tight box – To store dry ingredients like sugar and salt when not in use (so they don’t go bad).
- A spoon – For scooping out ice cream (you could use a knife or any other similar item).
#9 – Tyre Shops & Auto Mechanics
Running a tyre shop or car mechanic business is one of those jobs that needs serious, hands-on expertise and lots of patience to master. But, if you can do it well, you’ll be glad to know it’s also an industry that won’t demand a high capital outlay. For just Rs1 lakh, you can set up your shop/garage. Once you get some experienced help on board (engineers will come cheaper than management consultants), you can look forward to an extremely satisfying revenue stream from something most of us take for granted—cars!
In fact, there are opportunities for other services too; for example: cleaning car interiors and supplying oil filters. And let’s not forget about all those tyres you’re going to have lying around…you could always sell them off as second-hand tyres at much higher prices than what they cost when new.
The #8 – E-Commerce Websites: With ecommerce continuing its rapid growth trajectory, now is a great time to invest in an online store. You don’t need millions of rupees to start either. Even Rs1 lakh can get you started with plenty of room for growth once you’ve got everything up and running smoothly. This is especially true if you’re selling products online because there’s no real investment needed here beyond marketing costs and payment gateway fees. So, how does one start?
#10 – Photography Studios
If you’re into photography, why not turn your skills into a business? People are willing to pay for pictures and photos so that they can remember occasions with their family or otherwise. This is especially true if you’re able to offer photographic services such as weddings or graduations. You could also offer to take pictures of an individual’s family or pets. Either way, you’ll be well on your way to making money off of photography without breaking a sweat! #9 – Mobile Phones: Mobile phones have become a necessity in today’s world, which means that there will always be people who need new phones.
Whether it’s due to damage or simply because they want something new, people will continue buying mobile phones throughout 2018. With all of these new phone purchases comes plenty of opportunities for entrepreneurs who want to make some extra cash by reselling used mobile phones at prices below retail value. The great thing about buying and selling used mobile phones is that it doesn’t require any startup capital—you just need to find buyers online through sites like Quikr or OLX and then go about shipping out your inventory after receiving payment from customers.
Owning a business is one of best decision you will ever make for yourself and your family. Its sheer glory and sense of accomplishment cannot be expressed through words. Owning a business means creating your own destiny and working for yourself. So before making any hasty decisions take into consideration all options, research as much as possible, talk to people who have been successful before you, and finally go ahead with what your heart tells you.
Good luck! One thing that might help others who are thinking about starting their own businesses is knowing which industries are most profitable right now. In fact, according to Google’s 2016 data , seven out of their top 10 most profitable industries are in technology—and they pay well above average wages too.
It’s no wonder so many entrepreneurs have moved from Silicon Valley and New York City to start companies here in Boulder (or other tech hubs). Technology jobs offer some of the highest salaries available, but that doesn’t mean there aren’t opportunities elsewhere—even if you don’t want to work at Google or Facebook.