With the word successful business, market demand and return on investment come directly into our minds. While high market demand and ROI alone do not make a venture successful, but you need to be smart about the day to day business affairs, by this what I mean is that you must be aware of how to do marketing, how to determine commissions on sales, sales goals for your sales team, How to hire, train, or fire, and also how to take care of the business’ financial side.
In short, you need to be serious about certain aspects of your business related to marketing, finance and HR. Not just the fact that you need to be creative, effective and efficient connecting all of these facets in a balanced way to achieve high ROI.
Let’s move on to great business ideas to achieve a high return on investment with low investment. Before we get to the list, keep in mind that Pakistan’s economy is highly unpredictable and can change at any time. Therefore, I recommend that you do some preliminary market research before starting any business.
Blogging/Photography
If you think you are a good photographer and has a knack of creativity. You think you love taking pictures and making videos then you can earn good bucks with this skill and passion of yours. Buy a DSLR in initial stages and then move towards some right and more professional equipment. Take pictures of whatever you love or whatever you want. You can even create your own YouTube vlogging channel or can also post videos on Instagram account too. You can even go on shoots at various occasions and make money from that too. It is going to make you well off one day.
Event Management
In Pakistan, one of the most cost-effective is the event management services. For many individuals, organizing events is quite a challenge. You can provide event decoration or catering services. Advertising is necessary to disseminate information. Pass out your cards and give them out to your family and friends and in the whole social circle even on social media. As people will get to know about your services, they will contact you, and if satisfied, they will become your regular customers.
Online Trade
If you want to sell your products with a small investment, then online commerce/trading is an excellent idea. The main advantage of this business is that it’s a low budget job and you can work from home. For this, you only have to create a page on any social media platform, and your friends and social circle can help to promote it by sharing it. With the improving quality of your page, your likes can easily reach thousands. While uploading your products, remember to put price tag alongside as this will be feasible for buyers to order keeping their budget in mind. And remember one thing: always include the price or your product; It becomes easier for shoppers to book orders according to their budget. Hence, you need to hire a courier service to deliver your product to clients. Moreover, you can open your online grocery store, clothing brand, party accessories, makeup products, or baby products.
Day Care Center
If you have plenty of free time with some extra rooms in your house, then you have an excellent opportunity to open a daycare centre but wait! It is not for those who get easily upset with children cries or noises; it’s a favourable opportunity for those who love children and know how to tackle them in various conditions.
Freelancing
The entrepreneur relies on the fact that he is popular in Asian countries. International companies hire local freelance translators for their projects because they have given them good jobs for meagre wages. Freelance business is a very lucrative small business in Pakistan, but it takes your effort and mind. You can also quickly start this home business. You only need to make sure that you have good English, especially sentence structure and grammar along with writing speed. So, if you have all these skills, you can become a good writer. Moreover, high-speed internet is also a necessity.
Dairy Business
Dairy business can also prove to be profitable, especially in Pakistan because here you can’t go the whole day without using any of the dairy products. We all know that tea is all times favourite drink of every Pakistani and milk is essential to make it. So, all you need to do is to buy a few cows and few workmen to work there and for taking care of animals and also to supply dairy products around.
Makeup studio
If you are interested in makeup and do it well, then you can do it. You can open up a makeup studio, but all you need is to have all the top-quality makeup products and can utilize one of your rooms for this purpose. Sell it nearby to get the most out of it, or you can promote it even through social media platforms.
Flats or Hostels for Students/Working Individuals
If you are an honour of a big building in any of the larger cities of Pakistan, then you can turn that building in a flat or a hostel because there are many students and working pupil who came there to work or study and require a place to live. So, if you build one you can earn high profit from such buildings.
Baking
If you have a passion for cooking or bake and gets happy whenever you do it, then why not make it your career as well. You can earn money while pursuing this passion of yours not by working somewhere as a chef but while staying at your home. You can build your presence on any of the social media platforms like youtube or Facebook where you can showcase your skills and place beautiful tutorials and pictures of the dishes you made and then provide your number there in case if anyone wants to put an order. All you need to do is to hire a courier service to deliver your food.
online teaching
Teaching is an effective way to make money. If one is educated enough and can deliver its skill in an effective and inspiring way, then this field is for you. You can earn a significant amount of money with your teaching skills. Now, as technology advances, you can use Skype or any other programs like google meeting rooms or zoom meetings to teach even miles away. These days, online consultations or online teaching is quite prevalent.
I hope you all are going to be amazed after reading it. Let us know what you people think about these business ideas and what else you want to know.
