Which wholesale business is very good for AP and Telengana?I have been motivating some entrepreneurs, based on some real world success stories of those who have succeeded. This is mostly from the city of Coimbatore.
However, there are so many interesting in trading activities. For instance, a few people that I know of, are so busy buying the best of chilies from Guntur district of AP and selling it elsewhere. The margin seems to be good. However, the investment runs into several lakhs of rupees and they are in the business for a very long time.
In Tamil Nadu, there are hundreds of cases where the wife is originally from AP. She would speak Telugu so well and so the children and even the husbands pick up the spoken language so well. Very recently there were queries from two budding entrepreneurs who wanted to buy something in bulk from places like Nellore or Tirupathi and sell it here in some parts near Chennai or within a one hundred kilometer space, as up to seventy kilometers are serviced by the T.Nadu Government bus and the bus pass is enough to go around. That is a fixed expense of just one thousand rupees every month. Since I do not know Telugu, am unable to communicate.
Those from the State may please advise. What trading is ideal? They have around one lakh each and can borrow another one lakh through some jewel loan. They do not want debts and would like to liquidate the loan so fast with cash flow. Right now, the families are busy buying textiles in bulk and selling them elsewhere. They seem to be making some Rs.18,000 as profit. They seem to be enjoying some credit facilities. The full details are never shared as those are trade secrets, which is understandable.
Those who know the intricacies of doing business on the lines mentioned above, may please do respond, as I can give them some leads.