what business that I can do and see monthly profit 30k? Capital I can invest RM20k. A business that will grow big and always attract people
Starting a business with a capital of RM20,000 and aiming for a monthly profit of RM30,000 is ambitious, but with the right approach and market demand, it can be achievable. Here are some business ideas that could potentially meet your goals:
### 1. **E-commerce Store**
- **Description**: Start an online retail store selling niche products (e.g., eco-friendly products, fitness equipment, fashion).
- **Growth Potential**: E-commerce continues to grow, and with the right marketing strategies (SEO, social media, influencer partnerships), you can attract a wide audience.
- **Investment**: Use your capital for website development, initial inventory, and marketing.
### 2. **Dropshipping Business**
- **Description**: Sell products without holding inventory. When a customer orders, you buy from a third party and have it shipped directly to them.
- **Growth Potential**: Low overhead costs and unlimited product choices. Focus on a niche market with strong demand.
- **Investment**: Use funds for setting up an online store and marketing.
### 3. **Food Truck or Pop-up Restaurant**
- **Description**: Serve unique food items or beverages that are in demand (e.g., gourmet coffee, local delicacies, or fusion cuisine).
- **Growth Potential**: Food businesses can grow through catering, events, and regular locations. Unique offerings can attract a loyal customer base.
- **Investment**: Use capital for a food truck or popup setup, licenses, and initial inventory.
### 4. **Digital Marketing Agency**
- **Description**: Provide services like social media management, SEO, and online advertising for small businesses.
- **Growth Potential**: As more businesses go online, the demand for digital marketing services is increasing.
- **Investment**: Your funds can be used for setting up a website, marketing your services, and initial operational costs.
### 5. **Fitness or Wellness Studio**
- **Description**: Open a small fitness studio offering classes in yoga, pilates, or specialized workouts.
- **Growth Potential**: Wellness and fitness trends are on the rise. Membership models could ensure consistent revenue.
- **Investment**: Use your capital for rental space, equipment, and marketing.
### 6. **Mobile Repair Services**
- **Description**: Offer on-the-spot repairs for smartphones, tablets, or laptops.
- **Growth Potential**: High demand and low startup costs. You can expand by hiring more technicians.
- **Investment**: Use funds for tools, marketing, and initial operational costs.
### 7. **Residential Cleaning Services**
- **Description**: Start a cleaning service targeting homes or offices.
- **Growth Potential**: With busy lifestyles, many prefer hiring cleaning services. Expansion can occur with more staff and larger contracts.
- **Investment**: Use capital for cleaning supplies, marketing, and basic operational setup.
### Key Considerations:
- **Market Research**: Identify gaps in the market and ensure there is a demand for your chosen business.
- **Business Plan**: Develop a detailed business plan outlining your strategy, potential challenges, and a financial forecast.
- **Marketing Strategy**: Utilize online and offline marketing to promote your business effectively.
- **Scalability**: Choose a business model that can grow. Consider how you will expand your services or reach new customers.
### Conclusion:
While RM20,000 is a good initial investment, be prepared to reinvest profits back into the business during its early stages. Success will come from not just the initial capital, but also your commitment, innovation, and ability to adapt to the market needs.