Some sustainable income streams in tier 2/3 cities in India?
What if I have close to 10 lakhs + in cash. Can I start something in these cities which can at least generate a monthly income of 40/50k for a sustainable long term. If not what’s the capital needed? Please note I don’t have any business prior expertise Uncertainty in tech sector has left me stressed. I need a minimum of 45-50k to sustain.
I need some ideas. Lets discuss.
Talking product sense with Ridhi
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Look out for new projects like educational institutions, residential buildings, offices etc and open a consumer needs business like food, grocery, tapri etc Start small and then scale based on the response.
That's more than 50% earning on capital per year (6lpa/10lakh). I don't think any passive businesses can generate that kind of profits.
Probably opening a small food stall. I am also looking for such thing.
You can get some good land or your parents might have already. Try to make some commercial use of it and generate rental income.
Also, I see rising consumerism. GenZ, particularly students are spending on higher experiences. I saw too many food vloggers and restaurants popping up in a small city in UP, but not sure how long they'll last. It's counter intuitive to me but back of my mind i believe that it works and I'm just unaware of the real numbers.
Following, same situation can spent 10-20L to start