Wi-Fi Business Idea: The internet has become our biggest necessity. After food and water, if the internet is considered the most important thing, it would not be wrong. Just as we cannot go without food and water for long, staying connected to the internet is equally essential. To use the internet, we always recharge our smartphones with data plans. However, sometimes, the data provided by telecom companies is not enough. In such cases, people install Wi-Fi connections at home.
The Wi-Fi market is growing rapidly. You can start a Wi-Fi business by taking a franchise from an existing company or by creating your own Wi-Fi network. There is great opportunity in this field.
How to Start a Wi-Fi Business
If you want to start a Wi-Fi business, you can take a franchise from major telecom companies like Reliance Jio, Airtel, BSNL, or any private Wi-Fi company. Taking a franchise is the most profitable option because you don’t have to do much. You should choose an area where Wi-Fi service is not already available. This will help your business grow better. The demand for this business is higher in urban areas.
Business Name and Location
Before starting the business, you need to choose a name for it. You will also need to set up an office from where you can operate your Wi-Fi business. However, you can run this business without an office because your main task will be installing Wi-Fi connections in different households. Different customers require different Wi-Fi speeds, so you can cater to their specific needs.
Investment in a Wi-Fi Business
If you want to start a Wi-Fi business in your area or lay fiber cables for a wider Wi-Fi network, you will need a large investment. The initial investment can be around ₹50 lakh, which can gradually increase up to ₹5 crore. Therefore, before starting a Wi-Fi business, you should conduct market research and plan properly.
Profit in a Wi-Fi Business
There is no shortage of profits in the Wi-Fi business. You can easily earn between ₹5 lakh and ₹10 lakh per month. Initially, your earnings will be lower due to fewer customers, but once you gain a good customer base, your income will increase significantly. Customers recharge their Wi-Fi plans every month, and you earn a good commission from these recharges.