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Business Ideas In Bhagalpur For 2024 (Low Investment Needed)

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Yeah, very well from the title itself you get an idea of it. So going in detail what exactly to be called a business activity or business? Its mutual exchange from the olden days to the goods itself one for other or the exchange of the currency for the goods we receive. Now knowing the meaning you should also know why we do business, is it out of greed?, Or is it for money?, or for any personal use?. Not at all we do it because we should earn a living.

Business involves a great tactical mind and understanding capacity to see into the customer's mind and to act accordingly. A healthy business always prospers the person and customer, following a contribution to the regional development of the area. So these businesses are essential, no matter their size whether small scale or large scale for the nation.

Now looking into the town of Bhagalpur, you can say it falls into the second order of towns which is not fully developed but densely populated. And also ranges in between small scale and large scale businesses. It is originally situated on the banks of the Ganges.

It's 2nd in population of the state of Bihar and also the headquarters of the district Bhagalpur district. It's famous for its silk called as ‘Silk City Of Bihar’. And also a place of history with toms and shrines. The city also has a good number of educational institutions.

So when thinking of establishing a business in Bhagalpur we have seen its advantages and the demand for the sector which is needed most. The following enlisted below can give a brief look of what kind of business you can take up in the city of Bhagalpur.

Statistics Table:

Economy of city
1. Silk production and sales
2. Sugar industry
3. Agriculture
4. Small businesses
5. Automobile production
6. Educational coaching centres
Contribution in country and stat Rice and wheat are the major crops here so agriculture and the silk industry which has thousands of years of history are the main sectors
population
496,000 
 Common businesses 1. Shree Textiles 2. Mahabir electricals 

Entrepreneur's Story:

Meet Mani Verma, a Home Science graduate from Patna University. She has been providing tasty home food to students, employs and many not only for the sake of money but as homely affection towards girls. This all began in the late 1990s. Her 11-year stint (from 1982 to 1993) in Anganwadi training centre under the Indian Council of Child Welfare (ICCW) at Munger, came handy.

She later shifted to Bhagalpur for her son’s education, who is pursuing engineering course in SIT (Jaipur).She was providing lunch and dinner to students on a ‘no profit, no loss’ basis.

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Which was another great thing for which many people were inspired and looked into. Because of her hard work and will to service quality and hygienic food she made this possible. This is one such example of a successful entrepreneur. Here are some business ideas in Bhagalpur

1. Silk Textile:

A piece of white silk

As we know the town itself is famous for its silk produce over here. It also has great demand for the silk exported from here. So it would be a liable option to use. I personally had the experience of seeing their piece of silk, which is excellent and totally splendid in all aspects. I wonder if we could turn it into a business and how great it would turn out to be. Use of Fynd platform also gives you the required information you may seek to find.

How to withstand a competition:

At first, it's obvious to face a heavy competition among the already well set up stores and the great availability of silk. But it's the time you stick up to the quality and wait for the time to come with great perseverance. As it is the town of silk , according to me, you can concentrate more on exports as it already has a demand. Start your exports with the nearest small towns and also villages which could help you to make a good tie up and make you withstand the competition.

79.125 crores (US$ 10 million) (down 26.4% Y-o-Y), and silk waste was Rs. 208.67 crores (US$ 26.3 million) (up 38.5% Y-o-Y). The silk textures and made ups, and silk ready-made pieces of clothing are the foremost traded silk items from India with 2021-22 sends out share of 45.3%, and 36.3%, individually.

2. Coaching Centre For Entrance Exams :

A man explaining diagram on the board

As we know after the matriculation the students wish to g on two streams :

1. Engineering

2. Arts

3. Medicine

These are the three major fields to be cast out. And being the headquarters of the district it has a significant number of good colleges like the IIT Bhagalpur, Jawaharlal Nehru Medical College and Hospital etc for which many students who wish to pursue their education compete in the entrance exams and get a seat. So if you can start an exam coaching centre it would be great at the town location. And also with the Fynd platform you can be an active component of competition between the rivalries.

How to attract Students to join ?

This one is one heavy job to do but can be processed in steps to make it easy.

1. Do make an announcement about your centre and mention what its aim is.

2. Do advertise a lot.

3. Announce a scholarship test for the students of all locations. Those who win will get free coaching.

4. Pick the merit from the test scores to your max limit.

5. Provide the best environment for education along with the experienced teachers set up by you.

6. There comes success with the result.

These basic points can get your coaching centre successful.

3. Tourism:

A man  camping near the lake in the tent

Since it is at the banks of the Ganges it has coastline along the town. Which can be taken as a great advantage for pilgrimage. And not only this but the city is also a historical spot itself having the famous shrines and tomb of Maulana Shahbaz. And also Budhanath temple, Sri Champapur Digamber temple holds their significance.

If you can coordinate all the tourist spots like this mixing with the excellent food on the way of the trip it is one deadly tour package covering both history, temples and food. Which beats other ideologists with the same idea as ours.

Effective way of promoting:

In my opinion in this set of work your business will be as good as your promotion. So make sure you reach out to numerous people precisely. You can attain the above goal by some simple tips 

1. Print out a template with all the facilities you provide and also the base price of the package.

2.Use appropriate skilful members to do the talking for queries. As the customer only gets pleased by the response they get.

3. Make it customisable for all types so that many can wishful to take part

4.Announce a full cash refund for the cancellations which will draw a lot of attention.

By following the above steps you can make this a profitable business. But from my point of view, remember this kind of business needs changes in the policies from time to time. Amid 2019, contribution of travel & tourism to GDP was 6.8% of the entire economy, ~ Rs. 1,368,100 crore (US$ 194.30 billion). In 2020, the Indian tourism division accounted for 39 million employments, which was 8% of the entire work within the country.

4. Food And Meal Services:

A girl eating salad wih fork

As we know the place has a very great taste of foods, some are very famous like malpua, churna, balushahi etc. also the people over there had great taste for food . the people around there are also so likely to taste the foods of other regions and countries even. So my idea is that if you could offer the items of different regions and of different states the people will be so drawn towards your place.

What can be done to have a great setup of food centre:

1. See the most crowded or a place with great attention

2. Be good at advertisements 

3. Offer initial special discounts

4. Maintain the cleanliness and quality of food

5. And good customer and owner report

If you could abide by the following then you can surely set up a great deal of business and earn a good amount of healthy bonuses. Ensure registration in Fynd it may help you a lot.+

5 Air Conditioner Store:

A air conditioner  out side of house

 As we know the average temperatures of the city are about 38 degrees Celsius during the day which is quite high. So there is a great need for an air conditioner in the homes of the people living there.

And also in the months of winter there will be a drastic fall in temperatures. Which makes me so frozen. Who actually wants cold weather. So in my opinion it's best to have an air conditioner with a heat pump fitted in it so that it acts in both weathers.

Is it a good idea, will it be profitable and how to execute?? Yep it will be an excellent idea. And indeed a profitable one too. Now coming to the execution part. It's quite simple if you can understand the below points:

1 Select a prime location

2 Make sure the AC’s you have operate for both seasons

3 Do advertise about the shop

4 Get the brands which are best for the respectable budget i.e. small or medium or large so that most of the items you have are best and sold.

Following these can result you with rapid business in no time soon. But be cautious to look at the trends and types the customers are choosy to.

6 Automobile Store:

A man repairing car in the garage

As the town is of great population we all know that only public transport cannot be our liability, so everyone wishes to have their own vehicle. We use this as an idea of our business. Usually when I go to buy a 2-wheeler I go to a particular shop but at the same time when I want to buy a 4 wheel I am going to the other shop. So to avoid the sort of travelling here and there if you could keep the two at the same place it will be so advantageous. And also can be an all-in-one store.

This can turn out to be an effective idea with proper planning. Do consider the statistics and place those products which were being bought extensively. And also the customer and the person who is guiding him in the shop should bond to make a buy therefore place good persons with high communication skills and active in spirit. This can also boost sales.

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7 Mobile Phone Centre:

So many phone in the showcase with different color

As we know in the modern world everyone needs a phone to perform their duty in a more efficient way. It helps to perform many functions and be a very useful gadget. Thanks to it our communication has become so easy that we can contact any person from the place we are.

Due to its necessity it has a great demand and placing the store at the right place can be a very good idea. But to get an extra edge in the market you have to provide additional benefits like warranty and also replacement within 10 days if damaged etc. so by which many can be attracted with these.

8 Play Zone Area:

2 kid playing with paper dinosaur

Who doesn't want a play time with all the friends and having a blow of enjoyment. And many employers who wish to take a break from their daily busy schedule can find this an interesting spot of relaxation. So concentrate on the spots near to colonies with active sports playing members or near to the IT companies areas which can favour you with the best output.

And also in the recent times these play zones were set up in many pats of the cities, so how can you get an edge over the others? By providing some additional facilities like free complimentary drinks and discount for regular bookings of the zone. Attractive publicity should also be done in order to grab attention.

9 Bookstore:

 A man sitting on the bookstore

A bookstore is a shop with all the kinds of books you need from LKG to Pg. along with different kinds of books of various writers and various works. As for a student, a book is as necessary as his education to gain knowledge. So it's obvious we visit a bookshop. With great availability of books and a medium discount can make the shop a crowd pulling one.

And the spot which you prefer has to be an attention drawer so that everyone knows about the shop and thus many come to the shop. Availability of limited editions also increases the sales of the shop.

10 Electric Vehicle Store:

A elecelectronic car charging

This also comes under the transport section. As we know everyone needs a means of transport for their travelling. But the conventional fuels which we use in our normal vehicles release harmful gases as exhausts which is dangerous to man and also becomes a cause of global warming. So these vehicles can be an alternative for the conventional ones and prevent pollution.

As nowadays people realise and take responsibility of protecting the nature and atmosphere they wish to start using electric vehicles. And due to which there has been a huge increase in the sale of these. So with the right marketing strategy and with great execution you can set up a great profitable business.

11 Sugar Industry :

2 lady cutting sugarcane plants on th farm

As we know the state of Bihar has a good cultivation and yield of sugar cane over many parts of the state. And also the geographical location of the city near the Ganges favours you if you come up with a sugar factory. As the factory requires a lot of water content you can use it from the water source.

So with great advantage of water facility and rich sugarcane crop cultivation you can be able to set up a sugar cane factory. It processes the sugar cane liquid into the sugar which we use in our daily life.

To my knowledge it requires a huge capital to start but with a collaboration of partners or use of investors or by the loan from bank it can be easy. Make sure the location of your factory is placed in the outskirts with adequate water content and easy transportation facility with wide roads.

12 Computer Training:

So computers in the computer lab

The leading sector in the world with huge employment offers and high salaries which also have revolutionised India is the IT sector. For which computer programming is the heart its common that all the graduated students seek for a job, but for a job in the IT sector as a software engineer requires pure skill in the programming and coding languages along with ample amount of knowledge over computers.

And now this need for students to learn programming languages can become handy for us. As many wishes to learn them according to me, if you set up a coaching program on these with batches and hire some good teacher for it. It will be a very good deal for you. And one thing is that this business never goes old. Every year you can easily run into the students who wish to learn these

13 Dance Studio :

4  student pratice dance in the dance studio

Dance, which is an art form, involves a series of moments with different expressions resembling the feeling of the person. As many wish to learn it, especially kids and youth, will have a great interest in it. With a renowned teacher and with great publicity you can reach most of the people who wish to take part or are interested in it.

it requires pure interest and stamina to perform it. And not everyone can dance cause it requires great amount of time to get perfection in making movements rhtymatically for the song. Its also treated as an expression resembling our state.

14 Music Studio:

A girl leaning lesson of music in the music studio

Music is also an art form, involving a series of words uttered in rhythm. Similar to the before business As many wish to learn it, especially kids and youth, will have a great interest in it. With a renowned teacher and with great publicity you can reach most of the people who wish to take part or are interested in it.

 

With the right locality and nice equipment combined with a perfect teacher makes it  a grand success. Music comes with great interest and a natural talent with voice tuning. It takes a lot of time to perfect a voice by training it regularly. But with a good teacher you can achieve it faster.

15 Beauty Centre:

A beautician cuttng hair of girl in the beauty center

Beauty which most women want to look like. And even men desire to be, so it has a great demand in recent times. But with lack of proper centres they don't come out but use most of the home remedies. So it's best if you use natural products which are similar to the home remedies and at a moderate cost with significant change can get your business on top in no time.

And publicity must be done along with a centre with adequate  size. Beauty center is also a quite risky attempt cause to get a good number of people. So place a make up artist with good experience.

16. Bakery:

A man making breads on the table in the bakery

It's a food store which produces flour based food. Most of the  items are oven baked. They also have many items including cake. As I remember in my childhood, I went to a bakery for buns. Which are so tasty to eat. But this kind of business needs a good chef

And decorative skills. Pick a spot on the main road to ensure you get publicised well. Bakery is such  kind of business which prosper only with taste.so ensure to have all items with a taste and great flavour. So ensure to have a perfect chef. And by placing  special  items of the day you can create an extra interest. 

17 Rentals:

So many rental cycle's  in the parking

With a city of such a great population you can assume that there are many households.and everyone cannot afford the dream of their own house, for which they stay in a temporary house or flat by paying rent. So if you could build a couple of houses at a prime locality near to workplaces it can result you with good and high rents.

And coming to shops, they have to be near to the road point so that you can be maximum benefited.  But to ensure a perect rent you have to rent the place or house which is near to most of the facilities they seek.

18 Fast Food Track:

A food truck in the road with so many customer

It's a bunch of tasty food made on the instant setup installed along the road side. It is also cheap but so tasty to eat.you can get benefited when placed near the office areas. And also near college areas. Some points arise from its effect on health but by controlling  the number of times you eat it's okay i say. And also they are cheap and best.

And easily available with lesser prices not high as a restaurant. Even this business requires a good taste in preparation and has to compete with the competition.. Quality also plays a major role.

19 GYM:

A man drinking water in the gym

Many dream to have a great body. For which you have to do a regular workout. These gyms provide a perfect setup of equipment and environment to do  proper workout. Many would come to build their body, strengthen it, and also control it . This is the main aim. Hence those who want to workout do join gyms.

At first they offer discounts and also maintain a free trainer to guide the members, which is not offered at other gyms. With additional facilities like food diet planning for those who register for the gym can give an extra  edge.so provide these to get a good start.

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20 Cloth Store :

2 lady buying coth from cloth store

Earlier we discussed that the city is famous for its silk likewise the silk cloth. It has great demand in the market.so the idea is to set up an exclusive silk store which provides all types of silk clothing. To avoid the competition you can come up with brilliant offers. And also give a special discount for the regular customers.

Making it near the exclusive spot of great focus can give an instant boost up so well. So it's best to prefer a spot like that. And my advice is to maintain the quality throughout. Exports have to be supervised carefully to prevent loss.

Conclusion:

Bhagalpur , a city in Bihar on the coast of the Ganges, is well known for its silk and agriculture.it's the best place to start a good business. Due to its significant population many businesses starting from small to large can be set up. And availability of water bodies near the town makes it the favourable part for the industries and factories to come up.

And people can also come up with various ideas of business, but everything can be a success only if you evolve with the situations, execute a perfect strategy, and hard work which finally pays you with the reward

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Business Ideas In Bhagalpur For 2024 (Low Investment Needed)
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