How to Start a Small Business Some Marketing Tricks
In this post, I will share with you not only the ideas of the five most successful small businesses (in Pakistan) but also how you can start every business with people, manage it or not every aspect of it. Be it accounting, HR management, branding, hiring a sales team, etc. Whatever it is, you will teach people practically, practically.
And yes, in writing this article, I’ve spent weeks saying. Just because you help people in practice. Then you also have an obligation to share this article on your Facebook, Twitter, etc. accounts.
So let’s get to the main purpose of this article.
IMPORTANT NOTE: I would advise you to spend at least 3 to 2 months in this business before starting any business, as long as you do not spend so much time in the same industry you will do not understand the critical, essential aspects of this business.
Remember that you have to spend this time with people who are already running this business successfully because they are experts in this business. The benefit of this is that you will not only know virtually every critical, an essential aspect of this business but also avoid every mistake you make if you start your own business.
In this article, I will not only give you ideas for small businesses, as well as highlight important aspects of every business idea.
The key aspects are:
- How much initial investment is required to start this business idea successfully?
- How much human resources will be needed for this business idea?
- How much you can earn from every business idea.
- What will be the nature of the business, ie, retail, wholesale, distribution, manufacturing, or franchise?
- What is the total cost/cost per month for any idea?
- To make a good profit from any business idea, you need at least how many sales per month.
I will explain not only these aspects but also if there is any other important aspect of any business ideas.
So let’s move on to our first business idea.
Business Ideas Number (1) – Madison, Pharmacy Retail:
As you all know that people in Pakistan are healthy (sarcastic brother), that’s why Madison is in high demand. Everything is blended, malnutrition and hence Madison’s considerable need.
And since Madison’s demand is high, profits are also high. You can easily make a profit of up to 35% -60% per acre in your retail business in Madison, which means that when you make a buck in this business, you will not only earn one dollar but also you will earn 60-35 paise on this one buck.
I’m also affiliated with Madison’s field; I see products, products that deliver 100% -300% profit, which is to say, Madison’s business is very profitable.
So if you want to get your business started, my advice would be for you at Madison Business.
To run Madison retail business, you will need 2-4 sales associates, one of which will be the retail store manager and accounts, cash, stock management, Madison Supply. Etc. And overall supervision will be your responsibility. And if you do not do it well, you will lose business.
For the counter sales, the boys you recruit can usually hire you for a salary of at least 6,000 and a maximum of 10,000.
In addition, there are some legal requirements for running Madison’s retail, wholesale, distribution business, so check out this link.
Usually, the rent of a Madison retail shop, electricity bills, food expenses, etc., is about Rs.
So sir! This means that if the profit is between 35% – 60%, you will have to sell at least one lakh rupees Madison so that you can cover the month’s expenses.
So one lakh sales are your minimum sales target of the month, which you have to meet in any case.
And in the coming months, your effort will be to increase this sales target so that you can increase your profits, which will require experienced sales associates and more investment.