Home Business Ideas for Pakistani Entrepreneurs! [2021-2022]
Well if you are looking for some really super easy, super
lucrative home business idea you got to the right place!
I have already shared quite a number of home based business
ideas for my Pakistani readers that you can just launch right from your home
without much of an effort.
So first let me share with you guys all of that and then
after that, I am going to share one more over here in this post.
Remember my home business ideas are gender neutral, so if you
are girl/guy/women lol whatever all of you can easily pull it off, it’s easy,
piece of cake!
So here is the first one, Super Lucrative Home Business Idea with little to no Investment,
yep, if you have like 10 to 15 thousand rupees on you, you can do it.
Yeah, excited huh!! Ha ha!
I am not kidding, do check out that link and one more thing,
you will earn around 65% in net income, how’s that baby!
Okay and here is one more (click on this link), If you want to earn like 50 to 150 thousand
rupees in net income and that too from your own little home then you should go
for this one, yep, it will require small investment of just 4 lakh.
Okay I guess that’s enough for this post, although I have
shared over a hundred business ideas so if you want to look into more stuff
then you should check out this link Business ideas In Pakistan.
The Story of Krich Krich!
Now let’s get back to our main point of this article!
How about starting your own little branded product, with all
that branded bling bling, cool packaging, cool design and earning some serious
return?!
I mean one of my friend is already earning some serious
return (over 2 lakh per month!) and that too from his home, yeah you don’t
believe me!
So hear me more than!
My friend had been in Dubai for years, was sick of his job,
wanted to get back to his lovely country, Pakistan but wasn’t sure, but then he
quit his job anyway.
And after a month or so, came straight to me, asking me to
give him some kickass business idea he can work on, to make a comfortable,
independent living.
That’s when I said how about Krich Krich!
And he was like, what you mean Kich Pich!
Note: Present 25 April 2019 One gram gold value equals to 5800/- Pakistani rupees, since gold value remains stable while currency value fluctuate thus we see hike/dip in gold price, therefore I will provide estimate of each business ideas in gold too, which will make estimates of this article valid even 100 years from now.
I said, you just need to invest around 10 lakh (172 grams in gold) in a branded
nimco and we will call that Krich Krich.
And here is
the breakdown of what you need to launch a branded nimco aka Krich Krich!
1. You need branded nimco aka Krich
Krich packaging design
2. You need around 190000 (32 grams in gold) rupees to
print that packaging
3. You need a sachet packing machine to
utilize the above mentioned packaging.
4. To buy a sachet packing machine, you
will need to invest 175000 (30 grams in gold).
5. You need high quality nimco pack in
that packaging.
6. To buy high quality nimco, it may
cost you around 95 rupees per kilo.
7. You need to print boxes to put in
your sachets, one box will cost around 10 rupees
8. You need to make a carton box to put
in your sachet boxes, one carton will cost around 30 rupees.
9. You need a supplying vehicle,
preferably a Suzuki Carry Daba which will cost you around 6-7 lakh (103 grams to 120 grams in gold) although you
can use a motorbike with a big steel box tied behind but I think you should go
for Carry Daba, that’s the best!
10. You need money to purchase raw
materials, to keep some money in market (as debt), because in Pakistan you
don’t get to do business on cash, so you will need to have that big heart for
debt/qarz.
And if all these things goes perfectly okay, you will earn
around 30-35% in net profit for each rupee of total sales, which means if you
make for instance one rupee in sales you will have earned 30 to 35 pisas in net
profit in that one rupee!
Designing Krich Krich
So we went for designing and since I am quite hot in
photoshop I sketched the whole design and we finalized it later on, it looked
something like this:
Printing the Design:
To print the above design we, went after a guy in Peshawar
who print this kind of stuff, that fellow told us that we were required to
print at least 150 kilograms.
Why 150 kilograms ?!, well because printing less than that
wasn’t feasible for the printing guy, so that’s the minimum we were required to
print.
Per kg printing cost was 490 rupees and in one kilo you could
print around 510 sachets, that means each Krich Krich sachet cost around one
rupee if we add sachet wastage too, I mean when you use printed roll in
packaging machine, you will definitely have wastage, that’s a must!
We also needed digital cylinders to make high quality print
and since we were using four colors in our design, thus we were required to use
four different digital cylinders each one costing 15000 thousand rupees.
Digital Cylinder
Picture
Sachet Packing Machine
After designing and printing, which took us almost a month,
we went for purchase of packing machine, this machine we bought, cost around
170000 (30 grams in gold) rupees.
At first my friend felt a bit overwhelmed when he saw the
machine and asked me how can he operate it at home, he thought it was difficult
and I was like, its piece of cake and you will get used to it, don’t worry.
And yes, after a month or so, he was more than capable to
handle that machine. And that is true for everyone reading this article, its
easy to learn how to efficiently and effectively run this machine, don’t worry!
Its far more easy to operate, I mean if you can use smart
phone then you can definitely learn how to run this machine, quite easy
compared to using a smart phone!
Boxes & Carton
After purchasing machine, we went for designing box, we
designed the box on the same theme as that of sachet, check the following box design picture.
We also written an offer on the box to increase our Krich
Krich sales, that offer was, if you buy 12 boxes and return them to the wholesaler,
the company will provide you one box absolutely free!
The reason
behind doing that was
1. To increase sales, which it did.
2. To lower overall cost by re-utilizing
the returned boxes, which we achieved too.
In a nutshell, it turned out to be quite a successful
business strategy.
We made around a thousand carton boxes where each carton box
cost us around 30 pkr, each carton box had capacity of 16 boxes, luckily we
again applied the same above strategy in carton box too, where we gave a
discount of 15 rupees to those who returned the carton box.
CARTON BOX PICTURE WITH
OFFER
So not only we motivated the wholesaler to buy Krich Krich
but also we motivated the retailer, which resulted in super high demand.
The sale
began with 10-15 cartons each day, total cost on making on krich box was 62 rupees,
its breakdown is as follow:
Item
|
Cost
|
Other Details
|
Single sachet
|
1 rupee
|
Includes wastage costs
|
32 gram nimco
|
3.2 rupees
|
95 rupees per kg nimco, also includes
wastage costs
|
Krich Krich Empty Box
|
11 rupees
|
It’s a single box cost
|
Carton Box cost for each Krich Krich
Box
|
1.875 rupees
|
If we divide 30 rupees which is our
carton box cost on 16, which is the number of total nimco boxes that will be
in that carton, we get 1.875 rupees
|
Item
|
Cost
|
Other Details
|
12 nimco filled sachets cost
|
50.4 rupees
|
If it cost one rupee per single empty
sachet then 12 empty sachets will cost 12 rupees, now add to that cost of 32
gram nimco to fill those sachets which is 38.4 rupees and that’s how we get
50.4 rupees.
|
12 filled sachet plus Krich Krich box
cost
|
61.4 rupees
|
Add the cost of box to the above 50.4
rupees and we get 50.4 + 11 = 61.4 rupees.
|
One Krich Krich box cost plus carton
box cost or Total production cost
|
63.3 rupees
|
Here we included carton box cost (which
1.875 rupees) into the above mentioned cost which is 61.4 rupees.
|
Single Krich Krich carton box cost
|
1015 rupees
|
Here we added 16 boxes cost (63.3 X 16=
1012.80 rupees) plus 2.2 rupees to compensate for wastage etc.
|
Now let’s get to the breakdown of profit, net profit!
Instead of adding costs like labor, rent, electricity etc to
our Krich Krich box, which is quite complicated, complex thing to do, we did a
simple thing.
We set to
calculate profit, details are as follow:
Market Segment
|
Selling Price
|
Profit
|
Details
|
Wholesale
|
84 rupees
|
20.56 rupees
|
As each carton box cost us 1015 rupees
therefore a single Krich Krich box will cost us 1015/16 = 63.4375 rupees and
if we sell it for 84 rupees to
wholesale, we will earn 20.56 rupees in profit.
|
Retail
|
95-100 rupees
|
31.56 to 36.56 rupees
|
As each carton box cost us 1015 rupees
therefore a single Krich Krich box will cost us 1015/16 = 63.4375 rupees and
if we sell it for 95 to 100 rupees to
wholesale, we will earn 31.56 to 36.56 rupees in profit.
|
After launching business successfully, it took almost a month
for sales to really pick up momentum, my friend has been selling on average
around 20 cartons a day every day since then, although sales do take a dip in
winters as people mostly take nimcos with cold drinks but nonetheless sales are
still reasonable.
Profit in
selling 20 cartons daily in wholesale is 6580 rupees and it breakdown is as
follow:
Item
|
Profit
|
Other details
|
Single carton
|
328.96 rupees
|
We get that by multiplying single Krich
Krich box profit which is 20.56 rupees into 16, which is total number of
Krich Krich boxes contained in a carton.
|
20 cartons
|
6579.2 rupees
|
We get that by multiplying total profit
of single carton into 20.
|
He had hired 3 labor guys to do all the packing, he is paying
them 7000 rupees a month in salary, while he himself manages all the accounts,
supplies, recovery etc.
His electricity bill, he told me is around 3000 rupees plus
8000 in fuel per month, there is no rent on him, so his total monthly expenses
is around 32000 (5.50 grams in gold) rupees.
That means, since he is earning 6580 rupees daily in net
profit, assuming that he works for 24 days only, that means he makes 157920
rupees in profit, now if we subtract 32000 monthly expenses, his monthly net
income from this business is 125920 (22 grams in gold) rupees!
In Dubai he was making double of that a month but apna mulk apna karobar toh apna hota he,
so he says that his monthly net income from this business here in Pakistan is
way better than what he had been earning in Dubai and I couldn’t agree more!
Supplying Vehicle & Target Market
This part of your business will require some serious investment;
you may need to buy a second, good condition carry daba, to make supplies.
It’s easy, you can pack couple of days a week, packing
machine can pack huge quantity, so couple of days of packing in a week and then
selling that stuff for rest of the week or next two weeks in the target market,
is what you may need to do.
Talking about target market, you will need to devise a daily sales
route plan, that you will need to follow, for instance on Monday you target
area one, on Tuesday you target area two so on and so forth, that’s how you can
easily make sales for at least four-five days a week while packing for rest of
the days.
It is likely that you may face competition, so you may need
to offer a bit of discount, bonus etc.
You may also need to do a bit of debt with each and every dealer,
that means keeping around 50 thousand to 1 lakh rupees in the market.
Raw material
You may need some money to purchase raw material like packaging
material, nimco etc although you will have sufficient packaging material in the
early days of your business but if it takes successful flight like how it did
in case of my friend business, you will then need more investment to make more
packaging material (sachets rolls, boxes, cartons etc).
Coming to nimco, I believe you should just keep just one
hundred kilo in the early days of your business, make sure you keep it wrapped
up in some plastic, so that moisture etc doesn’t harm it.
That’s it, if you want like more detailed article on how to
manage each and every aspect of your business/startup efficiently and
effectively then check out this article New to business: How to manage any business successfully!
In that article I have thoroughly covered each and every key
aspect of any business, it’s a bit long though, but it totally worth it, so do
give it a read!
While if you looking on how to improve your business bottom
line by beating competition, check out these practical articles, How to compete in business (Strategy 1), (Strategy2), (Strategy 3).
And if you are looking for one fit all, simple yet effective
marketing plan for any type of small business then check out this article: Marketing Plan for Any Type of Small Business!
Finally if you are looking for some more similar practical
product ideas, check out this article: New Product Development Process with 3 Practical Examples!
I guess that’s it, don’t forget to subscribe, to receive more
similar, practical, no bs home based small business ideas, practical tips,
insights!
And yeah don’t forget to share this article link with your Facebook, twitter friends, colleagues, that’s the least I hope from you guys!
Over to you guys!
TAGS Business Ideas Pakistan Business in Pakistan Pakistan Startup Pakistan
No comments:
Post a Comment