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 Investment required |
 Funding |
| 2.5 | self finance/bank loan |
 Bank/ Govt. subsidies |
 Setup time |
 Skills |
 self finance/bank loan |
| 10 lacs | |
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| WATCH VIDEO | |
Similar ideas BPO | EXECUTIVE SECRETARY | FINANCIAL COUNCELLING | LOAN CONSULTANT
A brief of idea
What if we said you could start a buisness sitting in your house and morever manage it from your phone? Yes, we are serious! All you need to do is be commited and show the zeal like that of an entrepreneur. Historically if we see most entrepreneurs started their business unprecedentedly, it is what they gathered along the journey with the most important assest of any business “the never giving up attitude”. The business idea we are about to discuss is something that is rare and it’s very appealing to the eyes. Do you think gifting flowers can ever go out of fashion? No, and this makes it one of the most exciting businesses to start.
We are talking about the floral industry, with a $26 billion annual spending over flowers this business is one of the best businesses to start! The twist to this business idea is making it in a different way! This is by having boxes arranged with high quality roses! It’s rare and is not so common to be seen but is sure to make someones day! This can be done sitting at home! All you got to do is promote your product in such a great manner that it reaches on most of the people, because marketing is the key!
| What's required for this setup? | |
|---|---|
| COMPETITION ANALYSIS there is not a cut throat competition in the area Read more.. | PRICING STRATEGY you can start with just one size( medium)of box an Read more.. |
| DEFINE USP [ SELLING POINTS ] delivery within an hour! your deisgn of box, the q Read more.. | COMPANY SETUP apply for GST certificate and shop establishment c Read more.. |
| PACKAGING STRATEGIES apply for GST certificate and shop establishment c Read more.. | EXIT PLANS apply for GST certificate and shop establishment c Read more.. |
| INTERNAL FACTORS | |
|---|---|
| STRENGTH (+) | WEAKNESS (-) |
| • The product is rare in the market and is not to be seen so often. | • The product is rare in the market and is not to be seen so often. |
| • High and direct customer interaction | • High and direct customer interaction |
| • Good quality and high end product | • Good quality and high end product |
| • Short prep time and thus will result in fast delivery | • Short prep time and thus will result in fast delivery |
| • Test | |
| OPPORTUNITIES (+) | THREATS (-) |
| • Connecting with event management teams | • Low key marketing |
| • Delivery through various applications like Dunzo etc | • Local vendors if any |
| • Diversify you business by selling variants in sizes. | |
| • Sooner or later you can add chocolate boxes to the main product. | |
