Top 10 Business Ideas and How to Work with Them

Starting a rental or service-based business is a great way to earn steady income. Many items and services are in demand seasonally or on a daily basis, and renting them out or providing services can be both profitable and manageable. Here, we present the top 10 business ideas and explain how to work with each, including investment, profit potential, and tips for success.

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1. AC Rental

How It Works:

• Buy used or discounted air conditioners during winter when prices are low (cost: ৳25,000-৳40,000 per unit).
• Rent them out during summer for ৳2,000-৳4,000 per month.

Profit Calculation:

• Investment per unit: ৳40,000.
• Monthly rent: ৳4,000.
• Rental period: 6 months/year.
• Yearly income per unit: ৳24,000.
• ROI: The investment can be recovered in under two years.

Tips:

• Partner with local electricians for installation services.
• Focus on residential areas and small offices.

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2. Fridge Rental

How It Works:

• Buy second-hand refrigerators for ৳10,000-৳25,000 each.
• Rent them out for short-term needs at ৳1,500-৳3,000 per month.

Profit Calculation:

• Investment: ৳25,000.
• Monthly rent: ৳3,000.
• Yearly income: ৳36,000.
• ROI: Profits start within the first year.

Tips:

• Target hostels, paying guest accommodations, and temporary residents.
• Ensure regular maintenance to avoid damages.

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3. Bike Rental

How It Works:

• Purchase high-mileage bikes for ৳80,000-৳1,20,000.
• Rent them out for delivery jobs (Uber, Pathao) or tourism at ৳500-৳1,000 per day.

Profit Calculation:

• Daily rent: ৳1,000.
• Monthly rent (20 days): ৳20,000.
• Yearly income: ৳2,40,000.
• ROI: Break-even within 6-8 months.

Tips:

• Focus on urban areas or tourist destinations.
• Provide helmets and basic bike maintenance services.

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4. Car Rental

How It Works:

• Buy used or affordable cars (cost: ৳5-৳8 lakhs).
• Rent them for daily or monthly use at ৳2,000-৳5,000 per day.

Profit Calculation:

• Monthly income: ৳60,000.
• Yearly income: ৳7,20,000.
• ROI: Investment can be recovered in 1-2 years.

Tips:

• Target professionals, businesses, and tourists.
• Include options for self-drive and chauffeur services.

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5. Rickshaw Rental

How It Works:

• Purchase rickshaws for ৳15,000-৳25,000 each.
• Rent them to drivers for ৳300-৳500 per day.

Profit Calculation:

• Daily rent: ৳400.
• Monthly income: ৳12,000.
• ROI: Investment recovered in 2-3 months.

Tips:

• Partner with local drivers.
• Maintain the rickshaws to ensure durability.

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6. Mobile Phone Service

How It Works:

• Provide phone repair and maintenance services.
• Invest in tools (৳20,000) and skill training.

Profit Potential:

• Repair charges range from ৳500-৳5,000 per service.
• Monthly income: ৳30,000-৳60,000.

Tips:

• Open a shop near student or office areas.
• Focus on affordable pricing and quick service.

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7. Home Delivery Service

How It Works:

• Start a delivery service for groceries, food, or parcels.
• Initial investment includes a bike (৳80,000) or cycle (৳15,000).

Profit Potential:

• Delivery charges: ৳50-৳200 per trip.
• Monthly income: ৳25,000-৳50,000.

Tips:

• Partner with local restaurants or grocery stores.
• Ensure fast and reliable delivery.

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8. Flower Shop

How It Works:

• Set up a shop selling fresh flowers or arrangements (investment: ৳50,000).
• Provide decoration services for weddings or events.

Profit Potential:

• Daily sales: ৳3,000-৳10,000.
• Monthly income: ৳90,000-৳3,00,000.

Tips:

• Focus on festive seasons and event collaborations.
• Offer delivery and custom bouquet services.

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9. Cake and Bakery Business

How It Works:

• Bake cakes, cookies, and bread from home or a rented kitchen.
• Sell online or through local delivery.

Profit Potential:

• Cake price: ৳500-৳3,000 each.
• Monthly income: ৳50,000-৳1,50,000.

Tips:

• Focus on birthdays, weddings, and festivals.
• Use social media for marketing.

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10. Printing and Design Business

How It Works:

• Offer customized printing services (T-shirts, mugs, banners).
• Invest in a printer (৳50,000-৳1,00,000).

Profit Potential:

• Charge: ৳100-৳500 per item.
• Monthly income: ৳30,000-৳80,000.

Tips:

• Collaborate with schools, colleges, and businesses.
• Offer competitive pricing and quick delivery.

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Conclusion- Top 10 Business Ideas

Starting a business doesn’t always require huge investments. From AC rentals to cake baking, the above ideas provide opportunities to earn consistent income. Choose a business that aligns with your skills and resources, and take the first step toward financial independence.