There are many businesses that can be started with as little as 5 lakhs in Pakistan. Here is a list of them.
What Business Can I Start With 5 Lakhs in Pakistan: Starting your own business can be the most exciting and challenging endeavor you ever take on, but it can also be risky if you don’t plan appropriately and allocate your money wisely.
What Business Can I Start With 5 Lakhs in Pakistan?
If you only have 5 lakhs to get started, that doesn’t mean your business idea has to be small; you just need to pick something that costs less to start up, but has big potential if it’s successful. Here are ten ideas for businesses you can start with only 5 lakhs in Pakistan that are relatively low-cost but have a high potential for growth.
1) Fitness Studio
Take advantage of a growing fitness trend and start your own fitness studio. Many gyms are opening up across cities, but there’s always demand for more. By providing a new perspective on fitness (for example, yoga boot camp or children’s workout classes), you can set yourself apart from other studios.
Give your business an extra boost by adding wellness services, such as massages or nutrition consultation; don’t forget to incorporate any special equipment that may be necessary for these activities into your space.
2) Furniture Shop
While it’s not an industry that will make you rich, selling furniture is a solid business idea. And because it’s such a competitive field, you don’t have to be particularly special or talented to make it work. If you can build quality furniture that people like and trust, there will always be customers for your goods. And since competition is fierce, you’ll need to constantly improve your offerings and evolve with your marketplace.
Make sure to check out everything from local design competitions to study what others are doing right (and wrong). Furniture-making also has no age limits; plenty of entrepreneurs start their businesses after they’ve been laid off from larger corporations.
3) Car Rentals
In many developing countries, car rentals are growing more and more popular, as they provide people with a way to get around town without having to pay for expensive public transportation. There’s a reason why Zipcar is such a success story – it works! You can rent cars by block hours or days and you can rent them with or without insurance coverage.
You can then charge for that use of your vehicle by leasing blocks of time or offering up their services as needed. The market is there and waiting to be tapped into. In fact, since you’re going after an existing market instead of creating one from scratch, it may be easier to break through to success using car rentals than many other business ideas. More details here: How To Get Started In Car Rentals
4) Digital Marketing Agency
If you have any expertise with internet marketing, creating and maintaining a digital marketing agency can be a great way to make money online. You can work as a freelancer or create your own firm. While there are many different methods for running an agency, most rely on digital strategies and social media as their cornerstone.
Creating original content that’s relevant to your audience is one of your best assets, so spend time learning how to strategize for clients on social media platforms like Facebook, Twitter, Instagram, and Pinterest. What makes you stand out from other marketers is your ability to take a brand’s assets and leverage them across various digital channels. The key here is creating original content—not just regurgitating articles from other sites and repurposing them onto your own site.
5) Freelance Writing/Blogging
If you love to write but want more freedom and flexibility (and less work), freelance writing may be a great option for you. For example, some businesses hire freelancers to write their company blogs or pay them per word to create content on their websites. Others use freelancers mainly for transcribing recorded calls. If you’re able to develop quality content with strong writing skills.
There’s a huge market out there willing to pay you fairly. You can get started by finding an opportunity that matches your experience and skill set—no matter what it is—to start building up your portfolio and then actively build relationships with clients or employers while keeping an eye out for new opportunities. You never know where your next gig will come from!
6) Events Planning
A side gig that you can start while you’re still working a full-time job is perfect for earning some extra cash. You can get paid to help plan and host corporate events, weddings, parties, and more. What makes event planning such a great money-making side business idea is how little startup costs are involved.
You don’t need any special education or training to become an event planner; all you really need to have is a love of organizing. If you want to know how to start an event planning business, check out our real estate investment video. It gives even more tips on how much you can make hosting events as well as potential ideas for getting started.
7) Tailoring
If you’re not interested in a standard retail store, consider getting into tailoring or alteration services. If you have experience with sewing and making alterations, you can put your skills to use by helping people make their clothes fit better. If you’re not super-experienced with a needle and thread, but don’t mind picking up new skills, try tutoring people who are interested in learning how to sew. Offer them help with patterns, styles, and techniques.
Charge by the hour and go from there. These are both fairly easy ways to get started earning money right away – without a formal business plan! Once you’ve got some experience under your belt, see if any local designers would be willing to hire an apprentice. Many of these businesses will be more than happy to take someone on for a small fee as long as they’re willing to work hard. In either case.
If you’re able to build up some positive word-of-mouth referrals (and social media following) as a personal tailor or seamstress, it shouldn’t be too hard to expand your business idea further at that point. Once again though: it’s best not to jump straight into running a full-scale tailoring shop without doing some research first.
8) Catering Service
A full-service catering business can get off to a strong start with around $15,000. This amount will cover professional equipment and supplies as well as basic marketing costs. Catering is often one of those businesses where you’ll see immediate, measurable returns on your investment. But don’t be surprised if you need to put some money into refinements or even upgrades down the road; good equipment is an investment that pays off later on.
So you may want to consider getting an initial loan, a line of credit, or financial support from family members or friends who can help soften these startup costs. That way, when clients are willing to pay top dollar for your services, you won’t have any delays due to cash flow issues. And when you do have clients lined up at your door, it will be much easier for them to pay their bills—so they’ll keep coming back!
9) Online Store(s) – Stationery, Fashion Accessories, etc.
The internet is a big place, and many people have found success in creating their own websites or brand. However, that doesn’t mean it’s easy.
If you’re serious about starting your own business and are willing to do some heavy lifting yourself, then setting up your own website could be an option for you. Of course, before taking this step you should make sure there’s a demand for what you want to create; otherwise, why would anyone bother visiting?
10) Starting Your Own Website/Brand
Starting your own website, app or brand is an excellent way to do something you love on your own terms. The beauty of digital business is that it can be created from anywhere. There are no restrictions on location and many successful entrepreneurs have built brands in Dubai, Hong Kong, Australia, and beyond.
If you’re interested in creating your own website or app, here are some resources to get you started: How to Create a Website, Top Online Resources for Starting a Company Online, and How to Name Your New Company/Brand. (Bonus points if you write about how mobile technology has changed entrepreneurship.).
Digital entrepreneurship isn’t just limited to websites. Apps and e-commerce businesses also play a major role in today’s society. One example of success through internet innovation is Instagram, which was founded by Stanford students Kevin Systrom and Mike Krieger as part of their final project for class.
According to Mashable, Systrom came up with the idea after he began experimenting with photo filters on his iPhone one night. He uploaded his first filter – soon dubbed Nicol – which mimicked old-fashioned Polaroid photos. While only available through text messages at first, Instagram became its own standalone company when Facebook acquired it in 2012.
Also Read: Who is Richest Person in Pakistan?
Conclusion
Pakistan is home to a number of great opportunities for small businesses, especially because entrepreneurship is still in its early stages. Considering the size of our market, it’s easy to find a product or service that your customers will be willing to pay for.
There are countless services that still need to be provided here and it’s not hard to make money if you start a business offering them. You can grow your business slowly as you find out what works and what doesn’t, or you can try to make as much profit from day one by focusing on one particular area.
No matter which direction you go with your new venture, always remember that there are many different factors involved and time will tell whether you have chosen wisely.
