POSSIBLE AND SUCCESSFULL BUSINESS IN TOWN AT SMALL SCLAE IN LADAKH

IT TOOK ME A WEEK TO ANALYSE AND COLLECT DATAS.  TRIED ALOT TO MAKE EASILY UNDERSTANDABLE.

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Starting own business is everyone’s dream. However, most budding entrepreneurs see their dreams nipped in the bud due to paucity of funds for investment.

Should you possess some special skills, you can definitely start your own small business with low investment. While some such small business ideas can be operated from your home, in other cases, you may need to lease small premises.

Funding small business: Generally, small businesses begin with whatever little capital you may have. Loans on very soft terms are also offered by community organizations and cooperative credit societies. You may consider procuring a loan to fund your small business idea.

Plan well for success:

Remember, failing to plan is planning to fail. 

Therefore, plan your business well in advance before launch. Study the market for the product or service you plan to offer. Further, acquaint yourself well with your prospective competitors and their offerings. Talk to people you trust and seek advice if necessary. Additionally, build a database of your prospective customers before launch.It’s the wrong time for starting a business if you are already experiencing a lot of turmoil or stress in your life. (Starting a business will be stressful in itself, even if everything goes smoothly.) The best time for starting a business has nothing to do with how old you are. People of any age can start a business and It's not a matter of age; it’s a matter of where you are in your life and whether you’re ready and able to face new challenges.Your financial situation is a key consideration when determining whether to start a business.

Available business in Kargil where you can start your small business to become a successful one.

As we know that Ladakh got Divisional status which will boost the economy of the region in coming years as well as will provide a platform to entrepreneurs. Increase in population and urbanization directly benefit the entrepreneur.

1. Mobile phone repair/ accessories/ recharge.

You may have seen some repairing shops which may discourage you to step up but you have to ignore all that as challenger in the market is a trade itself and you have to show your existence there.

India will have nearly 800 million smartphone users by the end of 2022 according to a report. Further, this figure will grow exponentially as more brands and cheaper variants enter the market.

  Consequently, the demand for outlets and persons who offer repairs of mobile phones is expected to increase manifold. You can also sell accessories and credit recharge and other small business related to the smartphone at the same time.
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2. Network marketing.

Network marketing, also known as Multi-Level Marketing is an excellent small business. However, you need to tie-up with well-reputed brands that offer great products like forever,  amway, modicare etc

A search on the Internet will reveal some such major brands, whose products are always in demand in the market. People nowadays looking for unconventional health and nutritional products and supplements as well as skincare and beauty products especially.

In network marketing, you need to make a team by inviting others showing the genuine characteristic of the product offering by the company where you can increase your level by this method. Most of the millionaires are giving preference to digital marketing than other jobs.

3. Cakes & bakes business.

The name itself is peculiar to us but behind the business, there are huge success stories.

Armed with a good oven, you can open a low

investment business making cakes, muffins, cookies, and other bakery items. nowadays birthday cakes are on huge demand among youth to a clebrate birthday party and others even some using cake three-four times starting at home, with friends, at the office.

An individual person using 4+ cakes on birthday. Similarly, during celebration/festivals cakes and biscuits bakes are on high demand among the public. 

if you become a renowned businessman, you can start franchizing to expand your business from one place.

This small business has huge potential since consumers are always looking for new, better tastes at economical rates. You will, however, require great skills in preparing these baked delicacies.
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5. CCTV & surveillance

Increasingly, people are becoming security conscious. They want to protect their families and themselves against theft, rape and other crime.

Consequently, more and more people are installing CCTV and surveillance cameras at their homes and offices. This is a low investment and high returns small business idea.

6. Blogging

Blogging is no more a work from home career. Now you can consider blogging a serious small business. You can either start from your home if you have some space or take a small office on rent.

Either you can team up with like-minded people or hire people to work on your blog(s). You need to hire a content writer, a SEO expert and a content marketer.

There is a huge returns if you make a proper strategy for your blog. People easily earn $10,000+ with such setup. You can start your blog here and once your blog has good traffic then make money with the ways explained here.
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7. Agricultural business.

this is a great small business idea with low

investment. Due to increased awareness about the environment, many people now maintain small plants and shrubs at their apartments and offices.

As we know India is known for agriculture practice like in Kargil we have seen many farmers even houses wife practicing a different set of agricultural practices for both commercials as well as residential campus decoration. Small farms can set up inside your campus where various seeds can sow during winter which later you can bring in the market when in demand(spring season).

 You can open this business from your home. Additionally, you can sell packets of fertilizers, seeds and other garden requirements.

A study carried out by Startup Kashmir indicates that the agricultural sector alone contributes around 23% towards the GDP of Jammu and Kashmir. However, unfortunately, the sector still remains in an unorganized form and largely an uninterested area.

• Potato cultivation
• Onion cultivation
• Potato seeds
• Mushroom cultivation
• Saffron cultivation
• Vegetable Seeds
• Cut flowers
• Appricot
• Apple orchards

8. Travel services

Offering travel and related services can see you make instant profits. The tie-up with long-distance bus services offer online reservation of rail tickets and reserve hotels at various destinations for clients.

Since Kargil will boost its tourism sector, therefore, there is need of travel agency and other tourist bound business.

You can also add local sight-seeing and other requirements for your customers. You can either collaborate with a major travel agent or enter into deals with service providers and get commissions for every reservation you make.

9. Walking tours

For those who reside in cities and towns with several tourist attractions, walking tours is a great low investment business.

Foreigners and domestic visitors want to get a first-hand feel of the city by walking on the streets, mingling with locals and experiencing sights and sounds of the place. You will have to hire buses to take your tourists to a particular area where they will walk and visit attractions.

10. Stationery Store.

Schools, colleges and other educational institutions, as well as businesses, require bulk stationery. These include customized letterheads, business cards, envelopes, invoice books, receipt books, and motley others.

With little investment and some contacts, you can enter into this evergreen business. You will need agreements with printing presses and a few samples to enter this profitable venture.

Hire old books and start selling as Used book with more than half prize.

11. Renting scooters and motorcycles

Tourists, salesmen and small business owners look for hiring scooters and motorcycles while visiting a town or city.

Renting such two-wheeler saves them precious time and offers ease of commuting. With a small investment, you can open a scooter and motorcycle rental business.

Nowadays local youths are interested in bike riding. You need not to rush into buying a fleet of vehicles. A couple of two-wheelers will suffice to begin with. However, you will need to get proper licensing, insurance and permits before renting out these vehicles on short term basis

12. Smartphone busniness

Mobile phones these days have become as

inevitable as food. The obsession to own a mobile phone (rather, a smartphone) does not end here. Everyone wants theirs to be the most leading-edge and red-hot one which makes them buy a new phone more often than they actually require.

This results in a never-ending and never reducing demand for mobile phones making it a remunerative retail business option.

Just rent some space, procure the latest handsets of different brands to establish your own mobile phone store and get started.

13. Cosmetic store.

 Cosmetics are something women cannot have enough of. In fact, nowadays, men are equally inclined to trying out new and innovative cosmetics and personal care products selling in the market which makes cosmetics store a worthwhile retail business opportunity.

There is so much to stock and sell that the product range can actually be never-ending. Women who have an interest in this area can make themselves champion entrepreneurs by opening a cosmetics shop.

14. Eye Accessories Store

This is an emerging business these days. Additionally, technology is upgrading every day. You can start an eye accessories store with spectacles, lenses, and frames. If you don’t have any prior experience, you can start with a franchise also.

15. DAIRY FARMING BUSINESS

Ladakh remians a complete dependent of cattle rearing and this practice still carrying by local peoples in rural areas so there is a need to used it commercially with latest technology. there is a need to bring these cattle's product in the market for revenue generation. A good diary milk with latest technology is required there for huge business setup in the field of dairy farming. one if think for this will make huge business empire in the region as milk is basic necessary things for the customer. In winter Kargil remains completely deprived of milk products due to the closure of Zojila.

Both Ladakh and Kashmir even imports huge quantities of milk from outside. While Zam Zam Dairy and other local brands have already taken measures but not enough to fulfill large gaps in quality milk supply in most urban areas of Kashmir, hence inviting serious entrepreneurial attention

16. Shopping complex.

with the passage of time people starting for a business for life satisfaction and for this they need a place or empty room near city hub to attract more customers. But there is still a lack of rent room for a shop in the city hub. 

So if you are thinking for a huge income or business then plan for a shopping complex, revenue will b high enough to set a business empire. Shopping complex enhances the beauty of the area and also hold good no of shops at one place.
 there are still many other business opportunities which one can start hopefully..!!!!

THANK YOU!!!