Today, in the startup ecosystem, everyone dreams of starting something that is going to be profitable in the years to come.
It is impossible to compare the value of an innovative startup to any monetary figure. The best way to stand out is to have a lot of passion and a good idea in your head. It is also important to have some funding behind it.
Some of the world’s most successful entrepreneurs, such as Jack Ma, Mark Zuckerberg, Steve Jobs, Bill Gates, etc., didn’t achieve their success overnight but followed a long path to success.
It is one step that can make a big difference in whether you become a successful entrepreneur or an unsuccessful one when you decide to walk away from your 9-5 job.
I know it is going to be a long and difficult road for you to take, but it will definitely be worth it if you end up liking it in the end, right?
Here is a list of some startup ideas that have the potential to give you maximum return on investment at very small investments with very low costs.
Business ideas with low investment and a high return on investment. Since the beginning of the decade, the travel industry in India has seen a steep rise in growth.
Traveling the world has various reasons for people. For aspiring entrepreneurs in the travel industry, this is an ideal time.
No matter what time of year it is, the travel industry is an evergreen one.
Using a host agency will help you get an IATA number faster.
You can also rely on them to handle all backend functions. In exchange for the customer’s business, you will receive a commission.
Ideas for small businesses
I’m sure there are a lot of people who love parties, but this one is especially for you. Event organizers are almost never in the office because they spend most of their time on the road. In order to run a business like this one, you must have excellent communication skills.
This job would require you to check out hundreds of venues, meet sponsors, schedule activities, and stay on the go 24 hours a day, seven days a week.
As long as you have a good online marketing strategy in place, you can soar to new heights in this business ideas.
When planning your event, it is also crucial to keep track of your leads to be able to follow up on them.
In addition to following up with them, you will be able to get a lot of customers if you do so.
A lead management system would be useful in a situation like this where you have a lot of prospects that you have to keep track of.
A business listing and directory
Create a directory website on your own and charge businesses a fee for listing their business in your directory.
The local listings and SEO should be managed and updated on a regular basis.
There are several benefits such as being able to earn sustained income from it as you can charge your clients annually for maintaining their listings.
For this, you’ll need to have excellent research skills, so you can do searches in all the local directories as well as Google places, yellow pages, and other local listings.
To keep track of your client’s information once you have started your business, you will also need a tool to manage their information.
Using a CRM would allow you to track your business communications, automate your sales and marketing workflow and improve your performance.