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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Allison
AllisonKnowledge Seeker
Asked: August 23, 20232023-08-23T19:15:23+00:00 2023-08-23T19:15:23+00:00In: Money & Business

What's the business to start in a new area?

I’m living in a new development area. What business do you suggest is the best to start in this kind of area?

businessnew area
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4 Answers

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  1. Elisha27
    Elisha27
    2023-08-24T07:03:31+00:00Added an answer on August 24, 2023 at 7:03 am

    It's all depend on you. You can start a laundry work if it's busy environment, and if you also have passion for it. Some people didn't have time to go to bank to cash out money due to traffic, they either withdraw their money with POS. If you can operate POS machine, you can go for POS business. It'Read more

    It’s all depend on you.

    You can start a laundry work if it’s busy environment, and if you also have passion for it.

    Some people didn’t have time to go to bank to cash out money due to traffic, they either withdraw their money with POS.

    If you can operate POS machine, you can go for POS business.

    It’s well profitable especially in busy environment.

    Also is important to consider the area you can work very well.

    If you good at business, you can start gathering money and start selling things like airtime or clothes.

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  2. [Deleted User]
    [Deleted User]
    2023-08-24T03:01:48+00:00Added an answer on August 24, 2023 at 3:01 am

    Having a plan or ideal business to start in a new area depends on various factors like local demographics, needs, and market trends. Consider exploring businesses that address unmet needs, such as local services, specialty shops, or unique experiences. Conducting thorough market research and understRead more

    Having a plan or ideal business to start in a new area depends on various factors like local demographics, needs, and market trends. Consider exploring businesses that address unmet needs, such as local services, specialty shops, or unique experiences. Conducting thorough market research and understanding the community’s preferences can help you identify the right business opportunity for that specific area.

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  3. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    2023-08-24T02:53:11+00:00Added an answer on August 24, 2023 at 2:53 am

    It's always depends on your skills. I mean what you good at, and the kind of location you based. If you are in rural areas consider business like that offers repair and technical support services for gadgets and electronics, including smartphones, laptops, and other devices. You will see more customRead more

    It’s always depends on your skills.

    I mean what you good at, and the kind of location you based.

    If you are in rural areas consider business like that offers repair and technical support services for gadgets and electronics, including smartphones, laptops, and other devices.

    You will see more customers but it will only work if you good at phone repairs accessories.

    Another thing is you can help local businesses establish an online presence and reach their target audience through effective digital marketing strategies.

     

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  4. Mike Smith
    Mike Smith Knowledge Seeker
    2023-08-23T20:53:00+00:00Added an answer on August 23, 2023 at 8:53 pm

    Starting the business in a new area can absolutely have a lot of advantage for example you may be the only person establishing such kind of business in such area and also you stand the chance to make more profit and more income and also any more reputation and the attention of members of the publicRead more

    Starting the business in a new area can absolutely have a lot of advantage for example you may be the only person establishing such kind of business in such area and also you stand the chance to make more profit and more income and also any more reputation and the attention of members of the public to you. It is advisable that before you do so you must make sure to carry out a feasibility study about the test and preference of the people residing in such area and after that you’ll be able to come up with a good idea of business suitable to suits the interest individuals of such area.

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