A successful project with a capital of 50 thousand riyals (in detail)
Are you looking for a successful project with a capital of 50 thousand riyals?
What do you think of 9 distinctive and very profitable projects?
In this article, I tried to share with you the best project ideas after in-depth research.
Of course, not all projects in this guide will be suitable for you, so choose what suits your circumstances and get started.
But first let me answer you honestly…
Is 50 thousand riyals enough to start a business?
50 thousand riyals is an average amount, and therefore he started a commercial project with a headquarters that may not be suitable for this amount. So I decided to share projects for which you will not need a large headquarters or a huge monthly rent payment.
The best projects to start with 50 thousand riyals are those projects that you can start without a headquarters, whether they are electronic projects or projects that do not depend on a headquarters at all.
It is also important that you research the steps to register your project. It is preferable to resort to a good lawyer in order to facilitate the procedures for you.
You may also like:The best very successful business project
Now let’s get to know…
The best successful project with a capital of 50 thousand riyals
For me, I always prefer online projects, but those projects are often not suitable for many.
Therefore, my focus here will be on simple projects that can be implemented on the ground.
Starting with…
1- Party organizing project
Many events and parties have become normal these days.
Whether weddings, baby showers, birthday parties, etc…
All these parties need someone to organize them and make sure they turn out in the best possible way.
Therefore, the best use of the money you have is to purchase equipment for organizing these parties.
After that, you must start promoting the project idea vigorously through various social media sites, especially TikTok and Instagram.
In my opinion, this project is more suitable for women, so if you are a woman or a girl and are looking for ideas for successful women’s projects , this project is more than suitable for starting with a capital of 50 thousand riyals.
2- Car project
One of the best successful projects that you can start with a capital of 50 thousand riyals is buying a car.
You may think that the car is a consumer good, how can it become a good project?
The idea here is how to exploit your car.
According to recent statistics, the Kingdom received approximately 93 million tourists in 2022, and this number is increasing.
This is certainly without talking about the locals.
Here you can:
- Buying a used car for 50 thousand riyals, or a new car such as MG5 or others.
- Exploiting it to work in Uber, most of the tourists are already using this app.
- You can also use it to teach driving to others.
The monthly return for this project is excellent, and therefore I think this is the best use of your money.
It can also be considered a side project with your job.
3- Abaya project
The Abayas project is one of the distinctive projects that I talked about in detail in a previous article.
If you intend to start this project, I definitely advise you to read the previous guide.
If you intend to get a quick idea about the project, let me share with you what you can do.
Women’s abayas are one of the most consumed goods in Saudi Arabia to date.
Therefore, you can exploit this matter to create a distinctive brand for selling abayas.
Here you have more than one option:
- Selling through a small shop after renting it.
- Selling through an online store.
The most important thing you need in this project is distinguished promotion of your products.
It is also important to look for wholesalers and factories that can design these abayas for you, and after you have sufficient capital, you can launch your own production line.
You may also like:The 27 best profitable small businesses
4- Event photography project
Photography is one of the skills that has become in great demand nowadays.
With the large number of events and the population, it is natural to find in this guide that you can buy a camera and start photographing events.
The cost of this project is much less than 50 thousand riyals if implemented in the traditional way.
But…
If you innovate and think of new and different ways of photographing and invest in new photography equipment, your amount may be less.
It is important to focus on purchasing high-quality equipment, and also good marketing of your skills.
Read also:The best 8 projects for 15 thousand riyals
5- An electronic blog project
You can start a blog with $50 investment !!!
Why, then, is the blog in the guide to projects that can be implemented with a capital of 50 thousand riyals?
Here I will put before you a business strategy different from normal.
It is normal for you to write articles, upload them, and format them yourself, and this is very tiring from personal experience.
Therefore, your amount can be used to make the entire project automated, all steps are assigned to people to carry out.
I previously shared the profits of a blog that I launched about 8 months ago and generates more than $225 per month:
Let me now list before you the average cost:
- Launching the blog costs approximately 400 riyals: Here we are talking about the hosting for your blog and its template.
- The cost of writing an article from a good writer is approximately 30 riyals.
- We will appoint an editor to review and improve articles, with a salary of approximately 3,000 riyals per month.
Now we will do the following:
- Purchasing 300 articles at the beginning of launching the blog: the total cost is 9,000 riyals.
- The editor will upload them approximately in 3 months at a cost of another 9000 riyals.
- With an initial cost of 400 riyals.
So the total cost now is approximately 20 thousand riyals.
The revenue from these articles is approximately 225 riyals per month in the worst case scenario, 6 months after launching the blog.
You can then continue publishing articles with the remaining amount until you reach the monthly income suitable for you from this project.
If you want more details, you can see:How to create a blog and profit from it
6- Honey trade project
Honey business is the most successful project with a capital of 50 thousand riyals.
This is based on the experience of a client I worked with a while ago.
You may not know this, but honey is one of the best-selling products in the Kingdom.
So you can use this amount to deal with an apiary and start your own brand in the honey business.
It is always best to own your own apiary, but 50 thousand riyals may not be enough for that.
Hence, all you have to do is deal with a reliable honey supplier.
Here you can work in more than one way:
- Start an online store and market your products well.
- You can also deal directly with stores and stores around you.
Just make sure to keep the quality and prices of your honey within a range that ensures customers will continue to buy your products.
As the demand for your product increases, you can then start establishing your own apiary and carry out all the steps of the project yourself.
You will also need to register your trademark, so don’t neglect this step.
7- Smashburger cart project
The Smashburger cart is also a unique project that you can use your money for.
But this project depends greatly on the quality of the products and the location where you intend to place your cart.
The better the quality and taste of the product, the more people will like your product.
Before starting it is important to obtain all licenses and examinations from the Ministry of Health.
You can also take advantage of social media to market your cart in a different way.
8- Used car recycling project
Recycling used cars is one of the projects that provides you with a good income quickly.
But in order to be able to do this, you must first have enough experience with cars to buy good cars, and then you can recycle them at higher prices.
The best way to promote this project is social media, but you can also exploit major sales markets such as:
- open market
- Dubbizzle
- And others…
9- Coffee shop project
A coffee shop or cart is both good within 50,000 Saudi riyals.
Coffee in its various forms is a distinctive beverage that has a huge audience of consumers.
Therefore, starting a project related to coffee in general is a more than excellent idea.
First you need:
- Find the best coffee making equipment.
- Find a unique location to start your project.
- Buy high quality raw materials.
- Search for a specialist in the beverage industry who has great taste.
If you can find all of these things, you will ensure the success of your project and achieve an excellent return on investment.
Thus, you have learned about ideas that will enable you to implement a successful project with a capital of 50 thousand riyals.
There are certainly many other great project ideas, but I think the previous projects are more than enough to choose from.
If you have any questions regarding any project, do not hesitate to contact us.
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