Unsexy Business Idea That Can Make You Damn Rich
Part-II
=THREAD=
Part-II
=THREAD=
Since my last thread on an unsexy business idea did so well, I’m back with another one for you guys.
This one is so simple that you guys are gonna love this one.
This one is so simple that you guys are gonna love this one.
• Initial Capital Required: $15k-$20k (also depends on product)
• Time Investment: At least 3 years
• Profit Margins: Minimum 15%
• Skills Required: Negotiation, Sales & Network Building.
• Time Investment: At least 3 years
• Profit Margins: Minimum 15%
• Skills Required: Negotiation, Sales & Network Building.
What’s the idea?
Selling your local items outside your region.
I told you this one’s gonna be simple.
Here’s the exact plan to execute this
Selling your local items outside your region.
I told you this one’s gonna be simple.
Here’s the exact plan to execute this
Step-I
Perform a market research in your city & identify the products your city is renowned for.
It can be engineering goods, clothing, food items, anything.
Once you’ve identified them, select one out of them.
Perform a market research in your city & identify the products your city is renowned for.
It can be engineering goods, clothing, food items, anything.
Once you’ve identified them, select one out of them.
Your ideal product should have the following 3 attributes:
1. It should be manufactured locally so as to procure it as cheap as possible.
2. There should be a considerable demand for the product in market.
3. You should be able to create a distinctive brand for the product.
1. It should be manufactured locally so as to procure it as cheap as possible.
2. There should be a considerable demand for the product in market.
3. You should be able to create a distinctive brand for the product.
Step-II
Once you’ve selected the product, it’s time to learn everything about the product.
Spend a couple of weeks/months to get your hands dirty with the product.
You should be proficient with the product & not look like a noob in front of the customer.
Once you’ve selected the product, it’s time to learn everything about the product.
Spend a couple of weeks/months to get your hands dirty with the product.
You should be proficient with the product & not look like a noob in front of the customer.
Step-III
Next step is to create a brand identity for your company.
Get a solid website, eye-catching catalog & other marketing materials.
The point is to look as professional as possible to the customer.
Next step is to create a brand identity for your company.
Get a solid website, eye-catching catalog & other marketing materials.
The point is to look as professional as possible to the customer.
Step-IV
Once everything is set, it’s time to start outreaching the customers.
You have to target customers outside your region.
Also, You have to cater to businesses.
B2B is easier than B2C.
Once everything is set, it’s time to start outreaching the customers.
You have to target customers outside your region.
Also, You have to cater to businesses.
B2B is easier than B2C.
Generate leads, mail them, call them or visit them.
Introduce yourself as a new brand with higher quality standards.
Send samples.
You can do this on Internet or in person. Your choice.
Introduce yourself as a new brand with higher quality standards.
Send samples.
You can do this on Internet or in person. Your choice.
It’ll take you a couple of months to start getting orders but if done right, you can easily make damn good money from this.
The possibilities are endless.
Comment below if you have any questions.
The possibilities are endless.
Comment below if you have any questions.
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