Entrepreneurship Idea - Street Hawker

Being an entrepreneur is a choice. A path of freedom. Probably the first step of being your own. Entrepreneurship means exploring ideas, dreams, and imagination, and turning them into reality. People who fear taking risks, feel insecure, often mentioned this as a Bold move. Yes, they are not wrong. Indeed, this is a bold move. But a move to the future. A move to the life of a free, intellectual person.

There are a lot of business idea for the lower
Capital. Today, I will talk about the street vendors who sell goods on the roadside.
These businesses do not require a vast amount of capital. Even a small capital can be beneficial. If you have only $200,
You can start this business in Bangladesh.

Equipment

The only thing a vendor needs to start this business is a van. If someone has a van and wants to start a street hawker business, they can easily start. Other things to focus on are a wholesale market nearby. Because a vendor with a small capital can not afford to stock his product. Usually, vendors go to the wholesale market in the morning and buy what they need and sell it all day.

Placement

The placement to very important for this business. At first, he should think about who his consumers are. What kind of products do they need? What price are they willing to pay for a product he is about to sell? Are there enough consumers to sell all his goods and take the benefits? A vast local area with a huge population is an Ideal place to sell any kind of goods.

A wholesale market nearby is likely the key factor. Because it will reduce the transport cost and time. Even, it can highly reduce the amount of investment. A nearby wholesale market means he does not have to stock his products for a single day. The investment will be a cycle where he will benefit every time he sells his goods. A small amount of investment, a large scale of benefit within a short period.

How to sell goods?

This is the most hardworking job. Since he will be selling goods from a van, he does not need to have a specific location. He will go inside the locality and neighborhood to sell his goods. Sometimes he can also sell goods in markets or wherever there is a large crowd. Many vendors go door to door to sell their goods. This is how most goods are sold these days.

This type of business has several advantages.

• The business can be started with little capital.
• No specific location is required.
• No need to buy additional products.
• Daily investment and daily profit.

Along with the advantages, there are some disadvantages.

• You have to do business in a floating state.
• Sometimes the customer cannot find the vendor when he comes.
• If a product is unsold, the vendor loses.
• The amount of profit is small.