New Delhi: The rainy season is considered a joyful and relaxing time for people. This month, farmers also get a break from irrigating their fields and like to visit relatives and friends. However, do you know that the three months of rain are also a boon for businesspeople?
You can fulfil your dream of earning a lot of money by starting a new business in the monsoon season. There will be no need to invest a lot of money in a small business, which does not mean there will be any problem. You can start a business from your home with an investment of just Rs 5000. Discover essential business insights in the article below, where all your confusion will be clarified.
This business will make you rich.
The products that protect you from getting wet in the rain are sold the most in the monsoon season. There is a lot of demand for products like raincoats, umbrellas,a and rubber shoes. This is why it is considered a great business during the rainy season. These products do not sell out quickly.
If for some reason your stock is more, then you can sell it next year. To replenish your stock, consider having a shop at a crossroads, where customers are likely to pass by. You can also sell it by roaming in villages and towns. To conduct business, you will first need to purchase goods from somewhere.
Where to get cheap goods
If you want to start this business in the rainy season, then buying cheap goods will be a profitable deal. For this, you will need to visit wholesalers in significant cities. You can get products at affordable prices in Sadar Market. With which you can fill your stock.
You can also order raincoats, umbrellas and rubber shoes in bulk from India Mart, Alibaba, and other online wholesale platforms. You can also buy from the manufacturing company.
How much will be the profit?
You can earn a lot from this business. There is a profit margin of more than 100% in this business. In the wholesale market, a raincoat is available for 50 to 80 rupees, whereas its retail price ranges from 100 to 200 rupees. In the wholesale market, an umbrella is available for 20-25 rupees. You can easily sell it for 200 to 300 rupees. In this way, you can earn a margin of up to Rs 40,000 in a month.