STARTUP IDEAS (PART-3)

BUSINESS IDEAS FOR PASSIVE INCOME

Everyone is an addict-

Some people are addicted to junk food, Netflix, procrastination, sleeping, social media, and their habits which give them temporary pleasure but never fulfilment. These types of habits decide your future.

Some are addicted to learning, exercise, pushing themselves, creating, planning, and the high they get from the achievement and productivity which lead to fulfilment. Now you decide what you want, if you want to achieve something in life you have to change your habits and thinking.

Before discussing the startup ideas you must learn 5 basic rules of business:-

1. Don’t sell anything you wouldn’t buy yourself.
2. Don’t listen to people you don’t respect and people.
3. Only work with those you enjoy to work with.
4. Know how to edge your competition.
5. Spend each day trying to be little wiser.

Now I am going to discuss some cool startup ideas from which you can earn passive income:-

ONE PRODUCT RESTAURANT

If you don’t have much investment to open a food restaurant then you can try this business idea. Instead of creating a large menu with lots of items, focus on one product and perfect it.

You can focus on one specific niche for marketing thus reduces efforts and increases sales.

Great way to get a foothold in the industry with low startup capital.

If you want your brand to be recognised by the audience then it is a perfect way to get foothold in the market with low startup capital. As your business grows, open more shops invest your money.

Steps:-

• First purchase a small place, small space or plot.

• Then make a model restaurant or theme restaurant which is appealing and trendy.

• Hire a cook or cook by yourself, perfect your dish and let the people try it.

• Call out some food bloggers which will promote your restaurant for free.

• Do this in one to two months and see your business growing.

MASSAGE PARLOURS IN OFFICES

• As we all know that in many companies people have back problems, bad body posture, stress due to excessive work load.

• Now what you can do is open a massage parlour.

• Promote it in nearby offices of companies.

• Network with corporate offices, educate them on the value of having healthy, and stress free employees.

• Perform massages on employees with bad backs, poor posture from sitting all day.

• You can charge $50 per massage.

8 massages per day= $400 per day.

Profit = $104,000 per day

BUY ITEMS FOR OTHERS

• This idea might sound crazy but you can work on it and earn a good amount of income.

• Now, everyone needs groceries, but many of the people are lazy to go to the market and buy groceries.

• So here what you can do is promote yourself in your locality, go to everyone’s house in the morning and tie a bag around their main door with a slip in it.

• They will write whatever they need on the slip.

•  Go get it for them and let them pay later. Charge $5 for bringing groceries or products for them.

• You can also take help from your friends, 4-5 friends target atleast 30 houses, 6-8 houses per person/friend.

• You can earn upto $150 per day including your friends.

Do it 1-2 times a day.

You can earn upto $30,000 a year excluding your friends income.

RECIPES BY INGREDIANT APP

• In this you have to create an app where it suggests recipes based on the ingredients you have available in your pantry.

• Use a site such as upwork.com to get app created

• You can also take help from the app developers and get your app created as you want.

• Ad revenue pays $6 per 1000 Ad views.

35000 users viewing 3 Ads per day

REVENUE:- $229,950 PER YEAR

BECOME A FOOD BLOGGER

• Becoming a food blogger sounds good and easy as you have the opportunity to taste all kind of foods and cuisines.

• But it’s not that easy, you have to invest money in starting as you have travel to different places, you have to try different types of cuisines at different restaurants.

• So what you can do is, create a Instagram page and Facebook page, name it, post different pictures and stories regarding the food you eat daily.

• Collaborate with food bloggers who have a huge following. You can work for them and ask them to promote your page on their account.

• Increase your reach and collaborate with restaurants, street vendors, hotels, clubs, cafés. Taste their food for free in exchange of promoting their food on your account.

OPEN A SPORTS COACHING CENTRE

• If you are interest in sports then you can open a small coaching centre.

• Recruit some sports teacher who have good records.

• You can choose the sport in which you have good knowledge, buy sports equipment like bats, balls, gloves etc. Approx. you have to invest $2000(1,37,483 Rupees).

• Advertise coaching to students at local schools, offer first few lessons free to attract more customers.

• Work your prices up to $25 per session. 20 students/class= $500/day

Profit:- $130,000 PER YEAR

OPEN HOME TIFFIN SERVICE

• People with busy schedule have don’t time for themselves to cook food, so they order it from outside. What you can do is, you can start home tiffin service.

• Cook food, pack it up in a lunchbox and deliver it to the offices, houses etc.

• You can do it three times a day- for breakfast, for lunch, and for dinner.

• Promote it in your locality. Create an app using sites such as upwork.com.

• Take monthly subscriptions and deliver food. People like home food more than hotels.

• Take $300 for monthly subscription. Take order online too.

• Create a huge base of customers.

• Attend atleast 150-200 customers daily.

$300 per subscription= 50*300=$15,000

Plus daily customers online approx. 100 customers

Take $10 per tiffin = 100*10= $1000

Total revenue = $1,92,000

CREATE POLLUTION CONTROL MACHINES

• If you are an engineer and you live in a city which is suffering from various problem arose due to pollution then you must create a air filter machine.

• Air pollution is very common nowdays and many people suffer from asthma, lung cancer etc due to air pollution.

• Create a air purifying machine and sell it online or collaborate with the government.

• Sell the machine for $300 per piece. Manufacture atleast $10,000. Sell 500 machines per month.

Your per month revenue comes out to be $1,50,000.

MODIFY CYCLES(LOOKS AND MECHANICS)

• It’s a nice idea to perform in areas where cycle is used majorly by people as a means of transport.

• What you can do is just modify their cycle, make their cycle look more classy and easy to use.

• Modify the mechanics so that people could use their cycle more easily.

• Take $20 for each cycle. Promote your shop on various social media platforms and in your locality.

• You can also buy old cycles, repair them and sell them online.

Modifying 25 cycles each day= $500 each day

This may vary as per the service you provide.

FOR MORE STARTUP IDEAS YOU CAN CHECK OUT THESE POSTS.

STARTUP IDEAS (PART-1)

STARTUP IDEAS (PART-2)