It is said that to do business, neither a big degree is needed, nor funding nor any great app. All you need is a solution to an unsolved problem and a Jugaad idea. Today we will tell you the story of a Mumbai auto wala, who is earning more than ₹1 crore every year without driving an auto!
How did this Jugaad business start?
Thousands of people come daily outside the US Consulate in Mumbai (where people come for visa interviews). The security there does not allow anyone to go inside with a bag. There is no locker or bag storage facility nearby.
Now think, how can someone leave a bag in an unknown city?
This was the same problem that everyone was ignoring… but that auto wala saw it and made his own business model.
What does this auto wala do?
- Every day he stands outside the US Consulate with his auto.
- He doesn’t give anyone a ride.
- As soon as people get worried about the bag, he says:
Sir, give me the bag. I will keep it safe. This is my job. It will cost ₹1000.”
People give ₹1000 without thinking because they have no other option.
Estimate his earnings:
- Every day 20-30 people give him ₹1000 for keeping the bag.
- That is, daily earnings: ₹20,000 – ₹30,000
- Monthly earnings: ₹5 to ₹9 lakhs
- Annual earnings: ₹60 lakhs to ₹1 crore+
- And all this without driving an auto, without an app, without an MBA.
The real secret of business:
- Identified the problem
- Found a simple solution
- Created an environment of trust
- No unnecessary expenses
- Not a scalable model, but a super-profitable model