Business Idea: In India, a significant portion of the population earns around ₹10,000 per month. With the rising cost of living, managing expenses on such a low salary has become challenging. Many people aspire to increase their monthly income to ₹30,000-₹50,000 to provide better support for their families. If you are stuck in a similar situation, here’s an excellent opportunity for you to explore.
This article introduces a business idea that requires minimal skills, low investment, and can help you earn a stable income of ₹30,000 to ₹50,000 or more every month.
Table of Contents
High-Potential Business Idea: Photocopy Shop
The business in question is all about opening a photocopy place. Perhaps you have seen these shops around colleges, universities, institutes or near to the office of government. Usually the locations attended have some demand for general photocopy services from time to time. The best thing is that this business demands less investment and can make money daily. A good space, and the right tool.
Choosing the Right Location
Your photocopy business will be mainly based on the location. Suggested locations are close to schools, colleges, universities or government buildings. These are places which will have customer traffic coming in a steady stream. E.G: Photocopy shops near schools or government offices are in demand and gives income movement.
Essential Equipment for the Business
To start a photocopy business, you’ll need the following items,
- High-quality printer: A reliable, large-sized photocopier to handle bulk orders efficiently.
- Lamination machine: For additional services like laminating documents.
- Stationery products: Items such as pens, notebooks, and other office supplies to diversify your offerings.
- Accessories: Additional office and student essentials to attract more customers.
Investment Required
A photocopy business need not have large initial investment. You would need a good printer to start business and capital ₹1,00,000 for the purchase of the printer, shop capital and other essential supplies. High quality printer is very important, as it decreases the cost per copy and you could get users to offer a cheaper rate. This strategy will get you in front of more customers and develop repeat clients.
Income Potential
A photocopy business earns money, based on location and frequency of customers. Your shop is in a high demand place (maybe you have an educational or government office nearby), you can make more than ₹50,000 monthly. In general, you will earn ₹500-1500 per day on an average. If there is a regular demand, your monthly income can go north of ₹30,000 and higher.