A 1 Million Capital Business That Is Worth A Try!
The idea for a 1 million capital venture can come from a variety of simple ideas, but they are packaged in a unique way. When you start entrepreneurship, you don't have to be afraid to try and don't be afraid to fail, right!
When you fail, you just have to believe in yourself that when you start over, you are starting with an important experience. This is the mindset that every entrepreneur must have, namely learning from mistakes. Launching the Harvard Business Review , the thing that must be done now is to pay more attention to spending properly and always ensure that productive performance is created.
So, with this 1 million capital venture, you should be able to maximize your cash flow and productivity in 2022. Moreover, if occupied with the right research and practice. Although the business idea is not as big as a business with tens of millions of capital, these businesses can be a good step to start.
1 Million Capital Business Idea
Here are some 1 million capital business ideas that you can use as a reference to start a business with small capital. Let's take a look at some of the 1 million capital business ideas below!
1. Healthy Food Pre-Order System
Have you ever tried to sell healthy food? Usually this healthy food has its own market segment and is sold quite expensive. What makes it expensive? Of course this is reasonable because of the quality of the product and its purpose for health.
Basically, selling healthy catering is to keep the body healthy, fit and free from disease and fat. With these advantages in the catering business, of course this can be a good offer. You just need to market it to a few closest friends. Don't forget to do branding so that your product looks better.
2. Vegetable Packing Business
This vegetable packing business can be the best choice in the current era where a hygienic impression is important. Packing these vegetables can help maintain the quality and stability of the freshness element in vegetables.
However, of course the process is not easy. However, if you already have a customer who pays in advance for you to finish packing vegetables, of course why not run? You can start by wrapping it with plastic wrap . To advance with various technologies, don't hesitate because you can borrow a TaniFund business loan for development!
3. Snack/Snack Business
Snacks will seem only liked by children. However, make no mistake, adults also like snacks. From students to workers, few people can refuse a snack in the midst of their busy lives.
You don't need to get hung up on snacks that require expensive ingredients. Try selling snacks made from cassava, potatoes, and sweet potatoes which are also in great demand. For example, various flavors of cassava chips can be sold with a capital of 1 million. You can already get funds to supply cassava for several months plus a cart if you really need it.
If not, then you just need to rely on digital marketing alone. Remember you can also sell it in locations that are crowded with people and children.
4. Cake Order Business
Receiving cake orders can be a pretty interesting side business reference. Because, you will receive a mainstay cake order on certain days, such as birthday cakes, weddings, inauguration events, and others.
Indeed, to make this business, you must have its own abilities and expertise. So, it is better if this 1 million capital effort is better set aside to hone skills and buy supplies of equipment and materials. Of course, this can make you more credible and confident with the business you run.
Basically, it's hard to resist the charm and delight of pastries. So, your target market will be quite broad. However, if you don't have so much capital, you can start with an entrepreneurship at home by selling it through various digital platforms.
5. Frozen Food Business
Today's society is very practical. The modern life of modern people cannot be separated from this stigma. This also applies to the food consumed every day. You can also use this opportunity to sell frozen food.
To get started, first use the personal refrigerator freezer at home to store food. As your business grows, then consider buying a special freezer that is quite large.
The frozen food storage doesn't have to be new, it can be used with good quality. Frozen food business is considered minimal risk. Because, they rarely go stale and are specially packaged to last a long time.
6. Pastries Business
The pastry business is even simpler. You can simply make a jar or two of cookies to sell for starters. So, the capital required is not large, it can be less than 1 million.
Assorted pastries that can be offered to friends and people around in advance. In making pastries, adjust to your tastes and abilities. So, this one million capital venture is even more creative.
Even though many people have already started this business, you can create variety and interesting looks on your products. Moreover, this one business is also in great demand at certain times.
7. Start a Dropshipping Business
Dropshipping business can also be an option to start a business with a capital of 1 million. In fact, it can be said that this business does not require capital. You also don't have to bother processing product shipments and updating stock .
The dropship system is quite simple, which only needs to market the product from the seller, forward the order, and pay money from the buyer to the seller. But even though it looks easy, this business should not be underestimated, you know .
As a dropshipper , you must understand the specifications of the goods even if you don't sell them yourself. Choose a trusted supplier because it will affect your business reputation and product quality.
8. Cultivation Business
Sometimes businesses around agriculture are often overlooked, but if you do it well, this business can provide you with regular profits. Choosing a cultivation business in agriculture does have its own season, so if it is used as a side, it can be a suitable choice.
You only need to invite a trusted partner to be able to monitor the development of the land. Or if you don't want to bother using people, the solution is you can start a business in fields that don't require the intensity of daily maintenance.
For example, having oil palm land, its management is not so time-consuming. It's just that you have to start well in loosening the soil, the rest at harvest time you just have to harvest it.
9. Breakfast Food
The 1 million capital business this time is more or less not much different from other food businesses. It's just that the potential to sell breakfast food has a greater probability of selling.
Especially when you sell it around housing, often this morning food or snack is favored by housewives or workers who are in a hurry so they don't have time to cook. For example: selling nasi uduk and snacks so you don't have to be complicated to prepare sales materials.
10. Snack Distributor Services
By selling your snacks to the seller, it certainly makes it easier because you don't have to have a place to sell them. You simply deposit it and take the selling price that you agreed with the seller.
Interesting right? So, you can be more productive to prepare food, your main task is to master how to cook well and have many acquaintances who have business.
11. Selling Ice Cubes
It looks simple but this is a primary need for some places today. For example, fishermen definitely need ice cubes, besides that restaurant owners also need crystal ice cubes.
If you are just starting out, you can buy a used refrigerator first. After that, you can sell ice cubes by offering them to several target markets who may have a need for ice cubes in stock.
12. Coconut Ice
If you live in a tropical climate, having a coconut ice business is certainly very potential, right? Having this coconut ice drink is indeed very profitable because with a capital of less than 1 million. So that during a pandemic like this you can maximize coconut sales.
The price of coconut if you buy it from a coconut supplier is usually around IDR 3000 – IDR 4000 for 1 fruit. Then, you can sell it at a price above IDR 7,000. Interesting right? Well, to make buyers more interested, don't forget to also add some other coconut ice menus.
13. Seblak
Have you ever tried selling or eating seblak? Judging from its composition, seblak is one type of business that can be done with a capital of less than Rp. 1 million. In addition, this food is one of the favorites among teenagers and young people.
In terms of taste, it is clear that this food is suitable for Asian tongues, which in fact prefer salty and spicy flavors. So what are you waiting for? This one dish is definitely worth trying!
14. Print Calendar
Well, this one business is only profitable for some time. However, if you are able to give your calendar product its own advantages, for example, such as an attractive design or you can offer it to several companies to do interesting custom calendar printing . Of course, to get big profits, you must increase the number of companies for which the calendar will be made.
15. Credit Agent Business
Selling credit is one thing that is still selling well today. Although the presence of various other outlets in the market still exists, the pulse agent business is still relied on by some residents. Especially for those whose territory does not yet have a permanent franchise network and outlet .
16. Agricultural Business
The agricultural business can be an interesting business to explore. Food is one of the most important industries because it is a primary sector that is needed in the future. The agricultural business can be started from seed cultivation, livestock to fisheries. If you have vacant land that is not used, you can try to grow it hydroponically .
17. Selling Cold Drinks
Selling cold drinks in crowded places and projects can certainly be one of the advantages for you. Production to build a business is not easy and requires a lot of funds, you only need to provide various beverage powders and place them in a thermos. You can sell every cold drink for at least IDR 5 thousand. Interesting is not the advantage you can get?
18. Processed Chicken Business
Innovation and menu are the keys to the success of this processed chicken business. By presenting various innovations, you can process chicken into several interesting menus such as geprek chicken, shihlin chicken, or even popcorn chicken . You can make this chicken menu more interesting if you can master how to cook and process the right food. Next, you only have to develop branding .
19. French Fries Usaha venture
Have you ever come across a cart that sells french fries? If not, then this could be the opportunity for you. This food menu is indeed very interesting to develop. Because several studies have launched that french fries are one of the most famous menus in a fast food restaurant.
You can make french fries by putting several kinds of spices to enrich the taste and variety. Starting a french fries business certainly provides many advantages, buying raw materials for french fries to packaging can certainly be done under Rp 1 million.
20. Teaching Services
If you have skills in a service, it's a good idea to be able to use your skills to teach people around who want to learn about your field. Of course teaching requires nothing to start with, except your own knowledge. Try to get paid on an hourly basis.
21. Toast
The toast business is one of the suitable food businesses for you to try. This 1 million capital business can be run at night, toast actually doesn't require much space, just a cart or you just need to rent an open space from the shop owner and start selling your products.
22. Child Care Services
Nowadays child care services are often needed by some parents who are very busy. For that to have child care services with good quality, you can even create a daycare program to develop the character and growth of children so that they can be trained to be more active. You can start by making a syllabus and offering it to some of your colleagues who are working or family members who are working.
23. Affiliate Business
This 1 million capital business is indeed very profitable, because you don't even need to have capital to start it. You only need to spread or communicate a program to the target audience of the company where you join the affiliate program. Then, you can get benefits for everyone who registers to use the program.
24. Broker
Brokerage is one of the services that you can offer to entrepreneurs who sell large products such as property, transportation or even large equipment. Usually the job of a broker is that you only need to find someone who is in need of the item, then deliver it to the company or someone who sells the item. Then, you will get paid for the sale. Of course this business is a business that does not even require capital to start.
25. Egg Entrepreneur
Have you ever imagined yourself becoming an egg entrepreneur? You can develop this 1 million capital business in the egg business. You just need to buy eggs, market them and sell them at a higher price according to the market so that you too can compete.
Or if you want to return the profits faster, you can offer eggs to cake shop owners, so you can turn your capital around more quickly. However, in general, eggs are a necessity for every household, so selling these is certainly the right choice.
26. Angkringan
Angkringan business is one type of business with a capital of 1 million that you can realize. Chances are in the early stages, you will spend half the capital to buy a cart. Next, you can maximize everything to buy the food that you are going to sell.
Make sure to sell foods that are generally found in angkringan such as rice, tempeh, tofu, some fried foods and chili sauce. If you want to be more frugal, you can offer several people who are willing to supply food. So, later you don't have to worry too much about providing food.
27. Shoe Laundry Business
You can try the 1 million capital business this time, namely the shoe laundry business, unlike the laundry for clothes. Where you must have several washing machines.
However, in the shoe laundry business, when you start you can try buying a shoe laundry package. Then make good use of marketing strategies , you can start by offering your closest partners for this.
28. Flower Arrangement
Flower arrangement is one of the profitable things, you don't have to have a stock of flowers. However, you can start assembling them once you get your order. That way you can set aside production costs with your profits.
So, actually you don't really need capital to run this business. You can allocate this business with a capital of 1 million to get courses and maximize your ability to arrange flowers.
29. Grilled Snack Business
Burning business can be an idea that is worth trying, apart from being easy, it also has a large number of markets. You only need to pay attention to the spices to burn snacks such as meatballs, sausages, otak-otak and several other foods. To make it more salable, you can open this business near a public, crowded field with small children.
30. Pre-order Masks
A business system that prioritizes a pre-order model is one of the right business strategies. To attract the market, you must use the strength of the design side to ensure that the mask product you sell is different from what is on the market.
The Key To Successfully Starting a Small Business
Starting a business even though it is classified as a small business, you still have to be passionate about building it so that in the future you can build it better. Starting a small business also turns out to build you to be stronger and more structured in managing finances. There are several things that must be considered as the key to successfully starting a small business. These are:
1. Focus
The first key is focus. Put your energy and thought into managing your business. This is so that you can understand the intricacies of the business being explored and know the things that must be developed.
2. Calculate Business Capital
Once you decide to start a business, be careful in calculating the various needs and costs. With a capital of 1 million, avoid purchasing items that are not needed at the beginning.
This is necessary so that capital swelling does not occur. Also make sure not to mix personal money with business money so that you are not confused about managing your finances in the future.
3. Smart in Managing Finance
Still related to the previous point, make sure to manage your funds smartly. Record all income and expenses properly to facilitate the evaluation of your business development.
Even though your business starts with small capital, make sure to still take the time to manage cash flow and other finances, yes.
4. Persistent Always
Sounds cliché, but success will not be achieved without persistence. No matter how many times failures or obstacles confront an entrepreneur, it is not a reason to give up and decide to stop doing business.
5. Keep Creating Innovation
In business, innovation is an important point to stay afloat in the midst of competition. Not only needed by big businesses, venture capital of 1 million also requires innovation on a regular basis. The goal is to keep customers from getting bored with your product.
Get Small Business Capital from TaniFund!
TaniFund is an Agriculture P2P lending platform that has received a license from the OJK as of 12 August 2021 with a certificate of approval KEP-64/D.05/2021. P2P Lending TaniFund brings together borrowers and lenders focused on building and developing Indonesia's agricultural sector through the financing of several businesses.
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