Investment ideas if someone has 10L cash in tier 2 or 3 cities
So I have 10L in cash and I can take loan for commercial investment. Some examples could be
- ev bike or scooty agency
- flat that can be given on rent
- marriage hall etc.
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.
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.
Momos, chat stall?
You can use all your tech-chops to throw a whacky, attention grabbing names. Instagram for social messaging. 10L can enable you to operationalise at multiple locations, 40k should be easy!
So I have 10L in cash and I can take loan for commercial investment. Some examples could be
Hi guys, I will describe my situation—
Introduction—
Just visited Mumbai last weekend, it has somehow gotten worse over the last 5-6 years. Every 3rd or 4th road is either under construction or unusable.
This girl from bumble legit defended Mumbai being safer than other metros literally ...
Please suggest some alternative income source which i can build. I have a 30L loan for 15yrs which i need to pay asap. My current income doesn't allow me to do so and I have recently changed my job.