OP 02 February, 2020 - 05:48 PM
(This post was last modified: 10 August, 2020 - 05:27 PM by PlayerPaul.)
Real Life Business Ideas For 2020 | Trend Analysis
+Examples
+Examples
Hi Folks I will not waste your time with a long into and would like to jump straight into it .This information is based on my Observation, research and analysing market trends 2019-2020. All of the below business ideas are Physical businesses and needs little investment to start as compared to the potential profit ratio.I do not talk about old tried and tested methods here as you already have many posts on here So here we Go-
NOW While Doing any physical business 3 things are very important
LABOUR - MARKETING - VALE ADDITION
1. 3D PRINTING & PROTOTYPING BUSINESS
3D Printers had gotten really cheap this year. Technology of home 3d printers have improved 5 folds and the price has also come down by almost half over the years.You can own a mid sized 3d printer at home for less than $150 NEW. With that low one time investment for a machine that has high potential and generates value outright is very desirable. You can open your own 3D Printing business by printing, Custom orders 3d objects or prototyping others designs. Usually you make a 1.5x- 2x Profit margin if you decide to sell a generic 3d printed object as a novelty.Butt Upto 3x-5x profits can be made by providing custom order 3D Figures , Parts, Objects or prototypes. You are very much the manufacturer and are adding maximum value to the otherwise cheap 3d printing polymers . Advertising and social media exposure of your 3d business can really bring in some good cash his 2020. And after you are done your initial investment can re recovered by selling your own 3d printers as theres a huge demand and low supply for these things.
2. E-VAPE LIQUID BUSINESS
Now i dont know the regulations in your country regarding homebrew e-vape liquids but there is a lot of money to be made if its legal or there is no laws restricting e-vape. My friend runs a good business selling home made e-vape juice. E vape juice is basically a mixture of day to day compounds like Edable glycerin,Water , Oil,Nicotine, flavours .No tools or machines is needed and you can make some high quality E-Juice of your choice of nicotine and flavours for quater of the price buying from store My friend who wishes to stay anonymous runs a 10000$ a month business supplying E-liquids .He now has a loyal base of vapers and sellers also who buy from him in bulk ,since there is almost no one selling e-juice in bulk jars compared to tiny droppers so he pretty much owns the market in my state.Again you need to check regulations before commencing your own e-juice empire. Profit margin - 3x-4x Margin Minumum
3. PR- MARKETING-PRINTING BUSINESS
Although print media is on the downside but Printing media business is always on the sunny side and as Printers get cheaper day by day it hold some very high potential of earnings as you are manufacturing something that didnt exist earlier. You can take open a small niche ON ORDER banner/flyer printing business or can copy materials/books/manuals at college campuses . You can also get CUP Printers,Shirt printers ,ID printers to maximize profits. Profit Margin 2x-3x times .Again initial investment is just a printer which can be later resold.You can also be a PR/Marketing agent for a small business with this since they will ask you to help advertise their printed ads
4. REFURB BUSINESS
Repair business has always been a very lucrative way of earning money as replacement parts by themselves gives you a 2x profit + installation charges. Now repairing others goods wont bring you any money. But buy off Slightly damaged goods like Electronics,hardware etc can make you very rich.
I will give you one example - I bought 3 PS4 from Ebay that were not working and the seller was a game parlour owner i was sure that these ps4 surely had a blown fuse or Power supply issue (as 70% ps4 dies due to this issue alone) . So i bought 3xPS4 at scrap prices. I was able to fix the fuses of 2 ps4 and they were back to normal but the 3RD ps4 didnt work .Now the parts in the ps4 themselves are 3 times the value of buying a new ps4 . So i stripped all the parts of the unfixed ps4 and i sold each of them on ebay including the cabinet and the mother boards . in 3days these got sold and i was able to recover the Investment on 3x dead ps4 by stripping just 1 ps4 and selling its parts. The other 2 ps4 also were sold for good price so i made a combine profit for 4x on my Investment which was crazy when i calculated my earnings. SO buying broken stuff for Scrap prices and selling as working used adds a ton of value and also recycles the product .
5. FUTURE VALUE ADDITION
Now this will be a broad subject.Now if you see a gap in supply of any product you can capitalise on it and hold a monopoly on it. Example The weed edibles business/ dabs business etc. Here you buy cheap weed and convert it into edibles (google it) or convert it into shatter/dabs which almost sells out daily. I made 5000$ last year making weed brownies . i still hold a group of loyal clients who buy my edibles and dabs and i make them on order from time to time. The profit margin- 3x-5x .Bad example i know buy relatable by our audience .
6. RESELL RESELL RESELL with a twist
Now guys resell will always remain the most easy way to make money as you are basically providing a easy service for a good markup. Product themselves comes with a profit margin of 20-30% while selling straight and while reselling a sought after product like a limited edition game or shoes can bring a lot of money. You can start small by reselling any number of goods . Anything that has a demand can be resold .Due to this wordlwide market there is always a huge demand of one product in one market that you can buy cheap at your place . Example - During the winter there is a huge demand of High quality Original Shawls/scarfs/Head wear/ sweaters(Not china made) . Now i knew a supplier in Kashmir,India who would buy fancy Original kashmere shawls for $2 from local villagers and sell them for $20-$50 on ebay.uk and in europe . These are very good for gifting during winters so these get sold out like cakes during the christmas-new year week. Rest of the year .So reselling what everyone else is reselling on these fake youtube videos wont work as too much competition. You can only make big buck if you resell something that has an emerging market in one area due to e-commerce its easier than u think.
Regards
PAUL The small time ps4 game seller
I wish you all success in business and life - LIKE / REP and ADD ME AS A BUDDY as more ideas coming all day