Pros:
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Low start-up costs if you do the production yourself
Sales both through online stores and niger cell phone database at fairs or markets.
Opportunity to express yourself creatively and create unique products.
Potential for business expansion as demand increases.
Cons:
The need for constant organization of production and procurement of materials.
It may take time to attract customers and build a brand.
Limited margins on some products requiring additional packaging and shipping costs.
4. Making sweets
Your culinary talents and skills can become the basis for a small business. If you're skilled in making cakes, cupcakes, or chocolate, this is a great start. Sweets are always in demand at holidays and as personal and corporate gifts. The minimal investment required to get started is limited to purchasing ingredients, special utensils, and renting a small space, if necessary.
Pros:
There is high demand for sweet products, especially during holidays
Possibility of selling through stores, markets, online platforms or social networks.
Easy to scale. Start with small batches and gradually increase production volumes as demand grows.
Working from home allows you to reduce start-up costs
Cons:
The need for licensing and compliance with sanitary standards, which may entail additional costs.
Competitive industry. Requires a unique product or strong positioning.
Variable costs of materials and equipment that may increase as production volumes increase.
5. Production and sale of healthy lifestyle products
The demand for healthy food and weight-conscious products is growing every year. Dried fruits, dietary, gluten-free, and vegan products—all of these can be produced with minimal investment and sold on marketplaces and at local markets. This business is ideal for those who prioritize quality and care about consumer health.
Pros:
Growing demand for natural products
Minimal investment at the start, you can work with small volumes and gradually expand.
Potential for expanding the range, such as introducing new dietary products.
Sales through marketplaces or health food stores.
Cons:
High competition from large brands.
The need for constant quality control of products and compliance with standards.
Dependence on seasonality, for example, if you are engaged in the production of dried fruits or organic products.
6. Catering
Catering
With the growing number of private events and celebrations, catering is becoming a popular business that doesn't require a large financial investment at the start. You can start with a small kitchen and organize events for a small audience. Providing food preparation and delivery services for holidays, corporate events, and other occasions is a highly profitable business, but it requires proper organization.
Pros:
The opportunity to receive a stable profit with proper organization.
The demand for catering for corporate events, weddings and other occasions is constantly growing.
We work with various types of food: from corporate lunches to haute cuisine menus for special events.
Less investment in inventory if you rent kitchen equipment
Cons:
Precise logistics and organization are required, which can be challenging for beginners.
Compliance with SanPiN standards, licensing.
There is high competition in large cities where there are many offers.
Sometimes you need to work with large orders, which requires additional coordination efforts.
7. Sales on marketplaces
Today, there's no need to open a physical store to sell your products. Marketplaces like Wildberries, Ozon, or Avito are ideal for selling them. This is a great opportunity for small businesses to quickly enter the market without huge investments. You can sell products wholesale or retail, or even use dropshipping—a way to sell products without the need for warehousing.
Pros:
Easy to get started. A business owner doesn't need to have their own online store—they can sell through popular online platforms.
The ability to test different products without having to invest in a physical store.
Convenient logistics: the marketplace handles delivery and payment.
Great potential for scaling.
Cons:
The platform has a commission for listing and sales
The need for constant monitoring of prices and competitors.
Quality control and delivery are your responsibility, and bad reviews can impact your profits.
8. Dropshipping
This is a business model where you sell products without having them in stock. Orders are placed with your supplier partners, who then handle the delivery. With this business model, you don't need to worry about warehouse management and logistics, and the risks are minimal. The main task is to establish sales and marketing to attract customers.
Pros
Low start-up costs since you don't purchase goods in advance.
The ability to work without warehouses and logistics; the supplier takes care of everything.
A huge selection of products and their sale through popular platforms.
Cons:
Supplier dependency: Delivery delays or quality issues can negatively impact your reputation.
The need to develop marketing and find clients.
Low margins on many items, especially if there is a lot of competition in the chosen segment.