Question

It is a myth that a lot of money is required to start any venture or entrepreneurial project. Let us do an exercise to break this myth. Imagine you have Rs. 500 and your goal is to make as much profit as possible from it. You can double it to earn Rs. 1000. You can earn more than 1000 or you can even earn in lakhs. How would you do it? Write your ideas below.​

Answer 1

Answer:

here are three ideas..hope they help

Explanation:

So you have 500 rs that’s a very big amount to start a business,yes believe me here are few ideas.

Business 1:

Start a Tuition business.Here are the steps to start the business.

I assume that your room can be used to accommodate students to teach for 2 hours.

So firstly create a facebook page and promote it by in different groups near by your location and spend 69 rupees for promoting the page.

Asks your near by students to come to your tuition.

With remaining 430 rs buy few chalks a small board and a duster this will cost 300–350 rs.

With remaining 50–100 rs try to promote your tuition center with pamphlets why because don’t underestimate the direct marketing process it is very effective.

Congratulations you opened your business with 500 rs.

Business 2:

Career Counselling.If you are very good at giving advise to people

Here are the steps to start it

SO initially get some immense knowledge on various career aspects

Create a facebook book and promote it by spending some amount

And yes if you satisfy few customers take a video review and post it on the page.

Congratulations you opened your Career counselling business.

Business 3:

Social media marketing.

Here are the steps to start it

Now a days so many companies including start ups are spending so much of amount in promoting their business.

So grab knowledge on Social media marketing by doing free couses on udemy and start taking projects

Post it every where with your number that you are taking those projects.

After 2 or 3 projects you get some confidence and create one fb page that you are providing those services and charge accordingly.

Congratulations you opened your Social media marketing business.