1. Clean Food, Food for Health.
2. Food and Beverage Services.
3. Custom Print Design, Phone Case Sales.
4. Artisanal Bakery Startup.
5. Financial Investment.
6. Car Wash Business.
7. T-Shirt Printing, Uniform Design Services.
8. Online Import Sales.
1. Clean Food, Food for Health
Many successful entrepreneurs kickstarted their journey based on their passion for cooking. They started by simply selling familiar dishes like braised fish, chicken rice, etc., or preparing health-oriented menus. The 'healthy' meal box concept is an excellent example, contributing to changing the eating habits of many customers.
What to do with 50 million VND? Is selling clean food a viable option?
Every day, you don't need to sell too much, but meticulous ingredient preparation will differentiate your flavors and help you build a loyal customer base.
With 50 million VND, you can cover costs for cooking ingredients, packaging, and basic marketing materials (photoshoots, hiring copywriters for introductions, etc.). Facebook and food delivery platforms like Now and GrabFood present opportunities for you.
There are several Facebook pages dedicated to clean and healthy food that are very popular nowadays. You can also learn from their fan page operations, while using tools like CóĐơn to automate responses and manage orders, shipping, and sales performance calculations.
2. Food and Beverage Services
Instead of targeting gourmet customers as mentioned above, you can also use 50 million VND to invest in affordable food and beverage services such as convenience stores selling breakfast items combined with snacks and beverages throughout the day; or budget-friendly rice or hotpot restaurants.
Is it feasible to start a food and beverage service with 50 million VND?
With a food and beverage service, you'll incur significant costs for the business location. If you already have a location, such as a roadside house, with ample space for tables, chairs, a kitchen, and a refrigerator, you'll save a lot. However, you're likely to need additional staff support because running a food and beverage service is quite demanding.
3. Custom Print Design, Phone Case Sales
Currently, there are over 2.5 billion smartphone users worldwide, and this number continues to increase every day.
Because everyone is concerned about their electronic devices, not wanting them to get scratched or damaged when accidentally dropped, etc., phone cases are among the best-selling accessories. Therefore, starting a phone case business could be a fantastic idea for you.
Is it advisable to start a phone case printing business with 50 million VND?
You can import phone cases for sale, either directly or online through Facebook. You need to choose cases for various phone models, diverse designs, colors, and materials. However, ideally, invest in decorating unique cases, not duplicated in the market, or offer custom printing according to customer demand.
Remember, you won't be able to earn much profit if your mobile phone cases are dull and uninspiring. Pay attention to designs with artistic flair, witty quotes, or cute and charming motifs.
Currently, there are many individuals and business groups selling phone cases on Facebook, and there are plenty of orders if you know how to run ads. In cases where there is a lot of customer feedback, managing it can be overwhelming. In such situations, the Facebook sales management software Có Đơn will provide significant support.
4. Artisanal Bakery Startup
Starting an artisanal bakery is also a 50 million VND business idea. Baking can help you earn a lot of money, of course, this idea is only feasible if you have learned to bake, have a great taste, and can produce excellent products. Food enthusiasts are always willing to spend money on delicious handmade pastries, especially premium ones.
Is it advisable to start an artisanal bakery with 50 million VND?
To start, you also need to invest in some essential equipment like an oven and baking ingredients. You can also begin by making simple items, such as cookies for example. Then, sell them on Facebook. Gradually expand to diversify your products, because once the business is efficient, gradually, you have the ability to open a shop, even combine it with a coffee shop, tea house, etc.
5. Financial Investment
What to invest in with a capital of 50 million VND is a quite headache-inducing question. If you don't really want to run a specific product-based business that requires constant management or skill, and don't want to deposit money in banks due to low interest rates, you can consider investing in more profitable programs. Billionaire Warren Buffet is the most prominent example of becoming a savvy investor, earning fortunes from his investment habits.
You can start simply with short-term trades while delving deeper into the stock market. Smart investment in valuable stocks is the best choice, then continue to steadily increase your investment funds.
You can also enroll in online stock market courses to better understand other financial investment options like cryptocurrencies and blockchain.
6. Car Wash Business
What to start with 50 million VND in 2020? Most motorcycle and car owners cannot wash their vehicles themselves to keep them clean. With the increasing number of vehicle owners nowadays, you can start a car wash service (combined with simple repairs if possible) to make money.
Is it advisable to start a car wash business with 50 million VND?
All you need is sufficient space with a good drainage system, a car washing machine, foam, soap, and some skills to carry out your work. This is a low investment but highly profitable job with stable growth.
7. T-Shirt Printing, Uniform Design Services
What to start with 50 million VND in 2020? Can you start a business with T-shirt printing, uniform design? T-shirts with beautiful graphics and cute logos or uniforms are a business opportunity for many people. Your business mainly relies on T-shirt printing machines to meet demand.
The price of T-shirt printing machines is not too expensive (some types cost less than 20 million VND). The most important thing is that you must have the ability to connect and build relationships with customers, as usually, customers will be groups (teams, companies, or schools). Besides, you also need to be resourceful and creative, able to suggest and introduce great ideas that customers will love.
To increase interaction, reach a better target audience, and manage large quantities of T-shirt and uniform orders, using sales support software on Facebook like CóĐơn is a solution you can consider.
8. Online Import Sales
Is it advisable to start an online import sales business with 50 million VND?
Online import sales is also a way to get rich with 50 million VND. With 50 million VND in hand, you can invest in online import sales, most commonly in cosmetics or functional foods, sometimes just simple snacks, or specialty candies from abroad. Of course, with this idea, you need to have a reliable source of goods, such as from friends, relatives abroad, or acquaintances working as flight attendants, etc.
Imported goods usually have high prices, but the quality and origin are guaranteed. That's why the most important thing you need to maintain is the credibility of your online store. This may be the answer to what to do with 50 million VND in business for you.
With 50 million VND in hand, you can consider the business jobs mentioned above. If you have even less capital, around 20 million VND, you should refer to the article What to Do with 20 Million VND in Business to make your choice.
