Small Business Idea

Bangladesh is quickly growing as a small business center. There’s plenty of small and micro business opportunities. Setting up and running a business is full of challenges, but opportunities always welcome those who are ready to take challenges.

Below is a list of manageable business ideas.

1- Grocery Store with Delivery Service: Something that saves time of busy people has great business potential. Starting a small grocery store with delivery option can be a very good business.

2- Tea & Breakfast Corner: Tea being most popular drink everywhere in Bangladesh has a huge business potential in cities like Dhaka. With breakfast and snacks to supplement you can set up a small scale yet profitable business. You can be different from other uneducated tea seller by cleaner and better looking tea cups. Your tea stall should have a touch of creativity.

3- Fast Food Spot: Fast food is as popular in Dhaka as in any other city in Bangladesh. A small food cart with an initial investment of TK.10,000-Tk.25,000 can have a good scope in just any busy location.

4- Fresh Juice Kiosk: It’s one of the low cost business idea that can be established within TK. 5,000 – 7,000. However, success depends on the product you offer and you must have the business set up on right location.

5- Organic Food Production & Delivery: Since a large population in Dhaka is most concerned about their health, they love buying organic. If you own a small or large area for cultivation, or you can rent one, starting organic gardening is one of the profitable ideas. You can grow one on your roof-top.You can grow and deliver at doorstep for their best experience and your profits.

6- Small Bakery: Let it be a small town or a large metropolis, Bakery is bought everyday by people making it an evergreen business. You may find a lot of them already operating, however with a twist you can enter in the market and grab your share, by offering custom cakes, fast delivery, taking large orders, partnering with corporate for bulk orders and so on!

7- Home Cooked Food Delivered on Doorstep: Desiring for freshly cooked homemade food during lunchtime is common among working class and there’s a large population in Bangladesh that would love the idea!

8- Catering Business: Let it be a business, religious or personal event, they all need the best catering. Starting one will surely need investment, but it’s not that high!

9- Bed & Breakfast: If you are owner of a big property and have many extra rooms in your house then consider letting them out to the tourists. This will help you to earn quick cash for your unused space. This is more apt in case the property is located in cultural heritages lush landscapes, airport and places of tourist interests.

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Line to Pipeline With Insight Selling

Instead of asking WHEN or HOW, Sarah intuitively kept asking WHY deals were expected to close. As the new VP of Sales for ERP Corp, the superficial answers she received from her salespeople confirmed that she had not inherited a healthy pipeline. In fact, it was a sewer-line full of zombie companies with no clear rationale for change.

The problem was that her salespeople were relying too heavily on the sales engineers to do their selling, and as a result, the initial meetings were too product-centric. Instead, Sarah wanted her salespeople to first help the customer to discover WHY they should buy, before involving the sales engineers to provide proof on HOW the product works. As Sarah’s mentor said: “Sales must open the gap before they can close it.”

Why you need to achieve true sales wisdom

To achieve this goal, the salespeople would have to improve not only their product, but also their customer knowledge. With this combined knowledge, Sarah felt her salespeople would gain sales wisdom. Sales wisdom, to Sarah, is like GPS for salespeople. It enables salespeople to step away from their product, enter the customer’s world, and meet the customer where they are, so that they can lead them where they need to go. Sarah felt that, without sales wisdom, her salespeople would allow the sales engineers to take the customers on a deep dive into the product, and then leave it up to them to plan their own route. No wonder the majority of their deals ended in no-decision. If customers could do this on their own, wouldn’t they have already bought? It was like asking customers to fly to a foreign country and get in a taxi with a driver who has no clue where they’re going. Sure the driver may have a great car, but the passenger just wants to be transported from point A to B.

Product marketing tried to help sales, but what they produced was too far removed from real customer interactions. The 2-hour product training webinars or the 47-page product PDF flooded the sales team with too much information. Somehow salespeople were expected to convert a product manual into an executive conversation, and the customer case studies were too product-centric. The case studies were great as proof once the customer decided to change, but they did little to inspire WHY customers should change.

Business Can Provide for Part Time Owners

MLM business owners that are running their business in a part time fashion have seen improved communication, lifestyle and skill increase during their second career. There are benefits to running an MLM business, and the hours you work in one can be as low as 5 hours per week or less. You can find fully retired people running a part time business just for a little extra “fun” money. There are some minor requirements involved with the ownership and operating of any business. Please read on to learn more.

3 Reasons to Run a MLM Business for Part Time Owners

Running an MLM business may have come across your mind at one point or another. There are plenty of reasons to start up a network marketing business, even on a part time basis. The first reason is that it’s simple, it doesn’t require a large investment on your part. The second reason is that it is a scalable business, you can grow on your own terms. The last reason is the independence and long term possible revenue from the business.

Running an MLM business is simple, you have an opportunity and products that you work with. The products can vary by industry, such as health and wellness to beauty and more. You can find MLM in most industries, so it’s easier to play to your strong suit. The equipment involved with the business is usually simple and affordable, you may have everything already. You need a computer of some sort, internet access and a phone. But you will need a website that you can brand under your name and so that your visitors can learn more or too act.

The MLM business can be grown or reduced by your own terms. While it does take some action from your prospects, you can increase your visibility online or decrease it. Your marketing plan can grow in depth or by scope and your execution method can also help you expand your operation. For example, you may be working on Instagram and want to expand into Twitter and Facebook. You can do this without having a large expense.

The independence factor and the revenue from the business are key points for many people. You can build up a business without having to work super long hours doing so and possibly gain lifetime profits from your actions. Your MLM business can fluctuate overtime due to assorted reasons. However, you don’t have to quit your day job just to keep your business going either.