Business Idea: Photocopy and Xerox businesses have always been in trend. If you set up a photocopy or Xerox machine near a college, university, or government office, this business can generate good profits in a short time. The demand for this business is very high everywhere. If you already run a small shop, you can add a small photocopy machine as an additional service. If you are looking to start a new business, then a photocopy business is a great opportunity for you.
Starting a photocopy business is highly profitable. Here’s how you can set up a shop, the investment required, and potential earnings from this business.
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Photocopy Business: Is it Beneficial or Not?
There is no need to worry about whether this business will be profitable. It is a business that will never face losses, no matter where you start it. If you set up a photocopy business in a good location, you will never run out of customers. However, consider the demand in your chosen location before starting. If there is a good demand, your photocopy business will run successfully.
How to Start a Photocopy Business?
If you want to start a photocopy business, first, fix the location for your shop. Next, you will need a good photocopy printer, available in the market in both color and black-and-white formats. You can buy this printer new or second-hand based on your budget. If you have a low budget, start with a second-hand printer. If your budget allows, go for a new printer.
Additionally, you will need various accessories for the photocopy business, such as A4-size photocopy paper, laptop or computer, lamination machine, color photo printer, passport-size photo print services, etc.. Providing these additional services will help you increase profits.
Investment Required for a Photocopy Business
If you want to open a well-equipped photocopy shop in a good location and ensure high profits, you will need an investment of around ₹4,00,000 to ₹6,00,000. This amount will cover the cost of a photocopy machine and the entire shop setup. With this investment, your photocopy business will run smoothly, and you will achieve financial freedom quickly.
Earnings from a Photocopy Business
If you set up your photocopy business within 100 meters of a school or college, your earnings will be very high. You can easily earn ₹30,000 to ₹40,000 per month with this business.