If you are considering entering the freelance experience, there are successful projects for emerging and veteran entrepreneurs, and through these projects you can guarantee success; These are projects that have proven their feasibility and effectiveness, and they have many success factors, because we will show them soon.
was “Entrepreneurs»He touched on more simplification and effect on many successful projects, you can see it from (here).
Successful Entrepreneurial Projects
socks sales project
The stocking sales project, the first successful project for entrepreneurs, is one of the simple and profitable projects that suits beginner entrepreneurs. It also comes within a large sector, which is the clothing sector, which makes big profits.
According to Statista, the American clothing market was worth about $ 368 billion from 2019.
Large retailers such as TJX and Macy’s generated more than $ 20 billion in sales, while in-store retail was worth more than $ 268 billion, and e-commerce brought in more than $ 100 million in revenue.
Retail sales of women’s clothing stores reached about $ 39 billion in 2019; The total revenue of the women’s clothing market in the United States is $ 187.8 billion.
In 2019, global retail sales of clothing and footwear reached $ 1.9 trillion, and are expected to rise to more than $ 3 trillion by 2030.
The total revenue of the retail clothing industry in Egypt in 2018 was $ 5.7 billion; This represents a compound annual growth rate (CAGR) of 11.6% between 2014 and 2018.
The women’s clothing segment was the most profitable in the industry during 2018; With a total revenue of $ 2.7 billion; This is 47% of the total value of the industry.
One of the most prominent features of the sock sale project, one of the most prominent of several successful projects for entrepreneurs, is that it does not require a large amount of money; The capital needed to start a business is very low compared to others, so if you want to start in entrepreneurship, or do business and do not have enough money, then the stocking business is your best option.
In this sense, you will also not have to wait long to save a large amount of capital to start your project, as you can start it – like other small and medium projects – while you are at work, and most importantly, you can sell online; So you open up a lot of opportunities for yourself.
Also read: Vinegar production plant project. What are its benefits?
Spice Sales Project
The Spice Sales Project, the second in the list of successful projects for entrepreneurs, includes all the success factors; First, there is a huge variety of products – spices are not a single product anyway – and these products are not only in great demand, but also needed; Can you imagine a kitchen being stripped of them ?!
Even worldwide, sauces and condiments make up about 2% of the global food market, and total retail revenue in this consumer sector is expected to rise to $ 284 billion by 2026.
It can therefore be said without much exaggeration that the project to sell spices is one of the successful projects for entrepreneurs, whose success is largely guaranteed, and therefore it is one of the projects that entrepreneurs and those who want to engage in self-employment get involved in. , must pay adequate or appropriate attention to. Not to mention that it is very suitable, in more ways than one, for budding entrepreneurs; The cost here is not huge compared to other projects.
As a successful entrepreneurial venture, the spice business is highly profitable, here is an example: McCormick & Company Inc. generated nearly $ 5.6 billion in global net sales in 2020, a company that manufactures, markets and distributes spices, spice blends and more. products for retailers, food manufacturers and food service companies.
The annual sales volume of salt, spices and aromatic plants for retail in Sweden also generally increased from 2009 to 2020; It amounted to 346 million Swedish kronor.
The global salt market is valued at around USD 28.5 billion in 2020, and the market is expected to reach more than USD 32 billion by 2026.
Also read: Ostrich farm project..pensive products and high profits
coffee cultivation project
The coffee growing project, the third project in the list of successful projects for entrepreneurs, from a commercial point of view, runs in two different paths. First, you are dealing with a crop that is not grown in many parts of the world. and this in itself is a great economic value; Since your cultivation of it in an area where this crop is not widespread can lead to a high demand and thus an increase in profit.
However, not growing coffee in many parts of the world can be a big challenge at the same time. Where the experience will be poor if not non-existent, not to mention that the knowledge of ways and mechanisms to handle this plant will also be poor.
But it can be said that the coffee plantation project is one of the successful projects of entrepreneurs; Which can lead to very high results and profits; We are facing a rapidly growing market, and global coffee revenue is expected to reach $ 585 billion by 2025.
The increase in demand is one of the benefits of the coffee growing project – one of the best known and most successful projects of entrepreneurs – as some 166.63 million coffee bags (60 kilograms) have been consumed worldwide; Which means that the harvest will not stagnate, but that it will be as easy as possible to dispose of, even if the uncontrollable thing is the price itself, which is a matter of great consideration, and usually not easy to to predict.
The cold brewed coffee market was valued at $ 321 million in 2017 and is expected to reach $ 1.37 billion in market capitalization by 2023.