ChatGPT is a fan of brandy and Futog cabbage! - Three AI ideas for business in Serbia with small investments and big profits

If you want to start a business in Serbia in which you will invest little and earn a lot, you should start online sales of specialized food, a digital marketing agency for small businesses, or start producing and selling organic cosmetics. These three ideas are provided by ChatGPT, an artificial intelligence program that has conquered and frightened the world.

In just a few seconds, ChatGPT provides an answer to the question "Propose three ideas for a business in Serbia in which investments are small and earnings are high" which previously would have required months of research and payment of business consultants. In further "elaboration", ChatGPT is somewhat less precise, but still gives illustrative answers that can serve as a guiding idea for you in starting these businesses.


1. Online sale of specialized food

- Serbia has a rich cultural heritage and traditional cuisine, so you could consider starting an online store that offers specialized foodstuffs and products from Serbia. Investments could be small, because the products could be obtained directly from small manufacturers, and the earnings could be high because there are a large number of people in the diaspora who would be interested in this type of food - explains ChatGPT.

Asked what specific food to invest in, ChatGPT suggests brandy, for which, as he explains, there is great interest, then cured meat products such as kulen, sausages and bacon, but also honey and Futog cabbage, which "has a unique taste and quality, so it there could be interest in its sale both within the country and abroad".

Also, ChatGPT suggests organic, local, vegetarian and vegan food (because, as it explains, a healthy diet without meat is becoming more and more popular in Serbia and in the world, and more and more people suffer from allergies).

Investments in online sales of specialized food are measured in thousands of euros, but this program does not want to forecast earnings.

(Conversation with ChatGPT)

2. Digital marketing for small businesses

- More and more small businesses in Serbia realize the importance of digital marketing, but many of them do not have enough knowledge or time to dedicate themselves to this field. Starting a digital marketing agency that would focus on small businesses with a limited budget could be an excellent investment opportunity considering the high demand for such services - believes ChatGPT.

In addition to investing in office space, office equipment, salary and training for employees, the future owner should also count on advertising costs, as well as the use of marketing tools.

- The total cost of starting a digital marketing agency in Serbia can vary from several hundred thousand to several million dinars. It is important to keep in mind that this cost can be repaid in the short term, if the agency provides quality services and acquires a loyal clientele - our "interlocutor" is certain, and warns that the competition in this area is quite strong, but that there is room for new players on the market.


3. Production and sale of organic cosmetics

- Organic cosmetics are becoming more and more popular in Serbia, and they are mainly produced from plants that are easily available and can be grown in relatively small areas. Investments in this type of business could be small, and earnings could be high considering the growing demand for organic products in Serbia and abroad - says ChatGPT.

Whoever likes this idea will have to invest in market research and the production of product samples, which can cost several thousand euros. Also, it is necessary to invest in obtaining a certificate for organic cosmetics, which can range from several hundred to several thousand euros. You should also keep in mind that the competition in this industry is fierce, so it is important to provide unique products. Which products exactly, ChatGPT does not know.

- Unfortunately, there is no precise information about which product is the most sold in the field of organic cosmetics in Serbia. However, in general, skin care products are very popular and in demand in the organic cosmetics market. It is important to keep in mind that trends in the organic cosmetics market are constantly evolving, so it is necessary to monitor changes in demand and adapt to the market in order to ensure successful business - advises our interlocutor.

When asked whether consumers in Serbia are ready to pay more for organic cosmetics, ChatGPT indicates that our consumers are still not fully familiar with this concept and are not always ready to pay more.

- The key factor for the success of business in the field of organic cosmetics in Serbia is consumer education and raising awareness of the importance of organic products. In addition, it is important to provide a quality product with a clearly highlighted value that the consumer receives by purchasing organic cosmetics, such as health, safety and sustainability - ChatGPT concludes.

M. Dedic and ChatGPT

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