In today’s world, inflation is constantly rising, and everyone is looking for ways to earn extra income. Relying solely on a job is no longer easy. This is why people are increasingly attracted to businesses that can be started with low capital. If you, too, dream of earning a good profit with an investment of just ₹10,000, then the mobile accessories business can be an excellent option for you.
Why is the mobile accessories business profitable?
The number of smartphone users in India is constantly increasing. Mobile phones are no longer just a necessity, but an important part of everyone’s daily life. As mobile phone usage increases, so does the demand for related accessories. Broken screen protectors, worn-out covers, or faulty chargers are common occurrences. This is why the mobile accessories business is considered a year-round business with low risk.
How to start this business with low capital?
You don’t need a huge investment to start a mobile accessories business. You can easily start it with an initial capital of ₹5,000 to ₹10,000. Initially, you can understand the market demand by keeping a limited range of products. As sales increase, you can expand your stock and variety.
Why is choosing the right location important?
Location plays a huge role in the success of any business. You can start a mobile accessories business in a neighborhood, market, near a bus stand, railway station, or any place with high foot traffic. Setting up a shop or stall in a crowded area will automatically attract customers.
These products are always in high demand
In the mobile accessories business, some products always have consistent sales. These include screen protectors, mobile covers, chargers, earphones, Bluetooth speakers, mobile stands, and data cables. During the festive and wedding seasons, sales of these products increase even more, potentially doubling profits.
How to Increase Profits by Buying Wholesale
If you buy goods from the wholesale market, your costs are significantly reduced. For example, a product that you can get for ₹15 to ₹20 in the wholesale market can easily be sold for ₹40 to ₹50 in the retail market. This margin allows you to earn a good profit even with fewer sales.
Online Platforms Will Boost Earnings
If you are running a business with a physical store, you can further increase your income by using online platforms. There is a high demand for mobile accessories on platforms like Amazon, Flipkart, and Meesho. By using both online and offline methods, you can reach a larger customer base.
Tremendous Demand in Villages as Well as Cities
The mobile accessories business is not limited to big cities. Today, almost every person in villages and small towns also owns a smartphone. Therefore, there is a good demand for mobile accessories there as well. Due to low investment and consistent demand, the chances of loss in this business are also quite low.
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Estimated Earnings and Profits
If you invest ₹10,000 in this business and work with proper planning, daily sales of ₹1,000 to ₹2,000 are possible. As your customer base grows, your monthly income can reach ₹30,000 or even more. With increasing experience, profits continue to grow.