I have Rs.70. where should I invest to get better return?

I have Rs.70. where should I invest to get better return?

Apps Crush

06:46:00

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Hi!

Very Interesting Story

Thanks for A to A

I must say it is a luxury to have Rs. 70 and wanting to invest!

Below I m sharing a very simple, doable plan which will help you make the most of these Rs. 70:

1. Locate the busiest office area around you where you can expect maximum number of executives and well dresses top management people. Notably, these places will have shoe shiners.

2. Dress very well and ensure your dress allows you to sit on a low stool.

3. Strike a deal with one of the shoe shiners and give him Rs. 50 for an hour's use of his console.

4. Use your marketing skills to bring in customers. Usually people, especially men will shy away seeing a woman shoe shiner but you must get them on board. They will make up the lion's share of your target consumer.

5. Give the console owner rent on an hourly basis and assuming you get 25 clients in a day's job of 2 hours. You can make Rs. 500 as revenue. Your profit being Rs. 400.

6. Do this for another day. Increase your working hours to 6 and target 80 people. Your potential earning could be Rs. 1,600 in revenue and Rs. 1,300 as profit. Invest in your own console and repeat the same for a week.

7. If all goes well and you provide excellent service, you can expect an average of 50 to 70 people walking up to you. This effectively means you will have Rs. 3,600 by the end of the 5th day.

8. Assuming your console with all your tools cost you Rs. 350, you are now left with a profit of Rs. 5,250. (Forgive me for minor calculation errors!)

9. Use the Rs. 5,250 you made to create a portable stall you can walk around with. Sell freshly made sandwiches with unique flavours. Decide on 5, include 2 non-veg flavours too. Assuming your investment in buying all things and getting your stall ready was Rs. 1,200 (Portable stall, bread, utensils, spreads and vegetables, fruits, non-veg item etc.). You have Rs. 4,050 left with you.

10. Let us say you are able to sell 20 sandwiches walking around a busy commercial street worth Rs. 50 each. You made Rs. 1,000 on your first day. Congratulations!

11. After 5 days of hard work, let us say you sold on average 35 sandwiches daily. By the Friday evening, you will have made Rs. 8,000 (Rs. 1,000 on day One and Rs. 1,750 each on the following four days). You now have Rs. 12,050 in profit.

12. Do this for another week of five days and you will have made Rs. 8,750 this week. Excluding your investment in quality items in preparing your orders, your final corpus should be a handsome Rs. 18,050.

13. Go Online. Find yourself a spot where you can prepare sandwiches for walk in customers as well as take orders for lunch. Distribute flyers for your online ordering platform to walk ins and to security guards in each of these commercial buildings. Assuming you used a cyber cafe to make your own website, your expense will be about Rs. 1,500 to go online. Further Rs. 300 to Rs. 500 for flyers and/or other marketing tools.

14. After two weeks of selling sandwiches, and starting with a corpus of Rs. 18,050, you now must be left with Rs. 14,500 (approximately) after having to buy extra raw material to cater to both your online and offline consumers.

15. First day of being online and offline: You get a positive (not great) response. You were able to sell 70 sandwiches! You made Rs. 3,500 in total revenue. Not bad at all!

16. For the next 19 days (working days; Monday to Friday) you seem to be finding it difficult, though manageable, the volume of business you get. Selling an average of 60 sandwiches a day, you raked in a total revenue for 20 days of Rs. 60,500. Wow! You now have a cool revenue of Rs. 75,000 or Rs. 65,000 in solid profit! Add 10 new flavours.

17. Hire two delivery boys for Rs. 8,000 a month. They need containers/bags to carry orders. No cycles though. You also have to buy more raw material and a slightly better portable stand. You will invest about Rs. 4,000 on raw material and Rs. 2,000 on your stand. Remember, the salaries will be paid at the end of the month.

18. Assuming your business reacts mildly to this upgrade and you are only able to sell about 75 sandwiches a day for 20 days for the month (excluding Saturdays and Sundays and public holidays), your revenue at the end of the month should be about Rs. 75,000. Excluding your cost of operation for the month, your final profit should read about Rs. 50,000 (approximately). You now have a corpus of Rs. 1,15,000.

19. Hire a guy who is good with computers and decently educated to manage the portable console and the online orders, allow online orders anytime between 10 AM and 6 PM. Give him a helper who'd help make sandwiches for all orders. You have 4 employees now. Three working on Rs. 8,000 salary and one working at Rs. 12,000. Your updated monthly cost of operation is Rs. 46,000 (Rs. 36,000 salary and Rs. 10,000 raw material and maintenance).

20. Let's say your 15 flavours of sanddwiches, sold 8 hours each day, online and offline rake in a daily order volume of 110 sandwiches, you should be able to make a revenue of Rs. 1,10,000. Your solid profit read Rs. 64,000. You now have made yourself Rs. 1,81,000 in pure profit. From investing Rs. 70 to ending up with Rs. 1,81,000, your return on investment (%) is a whopping 2,58,571%.

P.S: The above scenario has been assumed. Multiple factors will improve, depreciate your final outcome. As an addition, you may also consider broadening your product portfolio and invest in various marketing options to generate higher revenue. Opportunities are endless and this is tough to achieve but surely not impossible!

EDIT 1: Your Actual profit will be Rs. 1,81,020 (forgot the Rs. 20 left after you paid the shoe shiner Rs. 50.). Your final return on investment (%) will be 2,58,600%.

EDIT 2: I m humbled with the response!

Thanks to those who have given encouraging/critical feedback, I m humbled and overwhelmed by your kind words. My upvotes on your comments are humble acknowledgements of that. Thank you!

For those that found inspiration, I couldn't have asked for anything better! I m blessed. My upvotes are a token of my gratitude.

For those who think it is impossible and mere story telling, Infosys started with Rs. 10,000 (approx $150 @INR67) and currently has a (global) revenue of $ 8.71 Bn (Wikipedia). A rough ROI of 58,06,666,666.67% ($8.71bn/$150 multiplied by 100) (forgive me for minor calculation errors). There are no limits to what genuine, honest, full blown human efforts can achieve.

Thank

This is the answer of Anurag sahay's to individual man who questioned him an awkward Question.

This story from Quora.com

Starting a Startup: Tips for Budding E-Commerce Entrepreneurs

Starting a Startup: Tips for Budding E-Commerce Entrepreneurs

Apps Crush

03:10:00

0 comments

So you're thinking of starting an e-commerce business. It's an exciting prospect, but it also can be daunting. How do you even begin? How can you ensure that your startup gets past being a startup?

It's important, first of all, to understand one thing about e-commerce: Just because it's online doesn't mean it's easy. In fact, many of the basic business principles are the same for both online and brick-and-mortar stores.

With that in mind, here are a few tips to get you going with your new enterprise.

Building an E-commerce Startup you need an great motivation and power to grip your startup

First you need an good idea to startup?

The success of any startup relies on having an idea whose time has come, then having the passion to see that idea become a reality.

While traveling around India in the 1990s, David Gersenson realized he'd been eating fresh, local, often organic food on a regular basis, and he felt better than he ever had.

When he returned to the States, he saw companies in the grocery delivery business, like FreshDirect, taking off, and those successes inspired him to start an organic version,Door to Door Organics.

"He thought, 'I could do that. There's got to be a market out there,'" said Cambria Jacobs, vice president of marketing for Door to Door Organics.

Since then, the e-commerce company has grown to serve thousands of customers in 15 states.

"Gersenson continued growing and building the business because of his passion to inspire people to eat good food," Jacobs told the E-Commerce Times. "It became a very mission-driven company."

Having a vision for the future means looking at what's out there and extrapolating about what needs to come next. This is the kind of thinking that inspired the formation of VirtualEShopping.com, a 3-D social online shopping mall.

"Shopping is virtually the only online activity that is not yet social," said Mark Stein, president of VirtualEShopping.com.

"Web shopping is a solitary experience on a boring, two-dimensional interface. Conversely, the physical shopping experience lacks the amount of product information available online," he told the E-Commerce Times, and "carrying an iPad while shopping is cumbersome and inconvenient."

While mulling over the inadequacies of physical and online shopping experiences, Stein began to develop his vision.

"The idea of a virtual 3-D shopping mall followed these realizations. Given advancements in 3-D technology, it's a logical next step, like the transition from black-and-white TV to color," he said.

"Who wouldn't want to shop in a visually stimulating 3-D environment with their friends if the technology exists to do so, rather than shopping on the current Web?" Stein asked.

Do Your Homework

No matter how good your idea is, it's worthless if you don't understand your potential customers. That means doing in-depth research before you launch your business.

"Do due diligence on what your best customers want or consume, know their options, and spend some time on differentiating your e-store from others," said Yulia Smirnova, CEO of CommerceBrain.

"There are many that already exist. If you can find your unique benefits or customer outcomes, you will be successful," she told the E-Commerce Times.

Startups need to be creative when it comes to doing market research, since there are a variety of places to get the kind of information they need to understand their potential customers.

"I would do market research on the available alternatives," explained Smirnova. "Talk to people online who could be your audience. You can also find an organization that has a pool of your potential consumer base, and go to a big event and do some interviewing there."

Build an Effective Team

Working with the right employees or contractors can make all the difference in a startup's success. Creating the right team, however, will take some time.

"This will be a learning experience, because you might like someone initially and experience some setbacks later when they are hired," said Smirnova. "It is like dating. You will learn about people more only after you spend some actual work time with them."

Make sure to have a clear sense of your business's goals when hiring, since those goals will determine the kind of people you want to attract.

"Hire great people who believe in your mission, and don't grow too fast," Door to Door Organics' Jacobs cautioned. "What worked when you're small might not work when you're larger. Make sure that your core is really solid before adding on."

Get Expert Help

Finally, there's a world of e-commerce consultants and services out there, and startups would do well to seek them out.

"Today's digital commerce and omnichannel retail environment can be overwhelming, even for the most seasoned professionals," said Kathy Kimple, senior consultant at FitForCommerce.

"Yesterday's best practice is today's old news. Today's 'nice to have' is tomorrow's 'can't live without,'" she told the E-Commerce Times.

Consultants can help ensure that your business has the kind of guidance it needs to navigate -- and move beyond -- the rough waters of the startup.

"The right foundation, infrastructure and supporting technologies are instrumental to achieving long-term success," noted Kimple.

"The investment, resources and time required to build a solid foundation is significant, for large and small retail organizations alike," she said. "Making the wrong decision is not only costly today but could mean additional time and money needed to catch up on the competition tomorrow."