The new Business update in BitLife allows you to start up your very own company! If you’re interested in challenging yourself, this job pack is a good choice! After all, if you’re not careful, your company can go bankrupt and lose you millions. One of the most important parts is choosing a good startup industry before getting into the nitty-gritty of things. If you’re interested in learning more, continue reading to find every startup company available in BitLife and which one you should choose.
Which Startup Company Should You Choose in BitLife?
In BitLife, there are multiple criteria to consider before choosing your startup company:
- Demand
- Competition
- Price
The demand of an industry indicates that many customers want to buy products from that market. The higher the demand, the more customers you’ll naturally gain as you become more successful. If it’s low, you’ll still get customers, albeit not nearly as many, unless there is little competition. If there is high competition and low demand, avoid the industry.
Competition indicates that many other businesses are selling products. If competition is high, you’re more likely to have fluctuations in demand due to competitors investing in more stores or decreasing their prices. However, this also works inversely, where your demand could significantly increase because of a competitor raising their sales prices.
Lastly, price is a significant determiner in the startup you’ll choose. After all, if you only have a few million dollars to your name, you won’t be able to enter industries like the Semiconductor or Car Manufacturer space.
Ideally, you want to focus on an industry with high demand and low competition. This is because you’ll consistently gain customers with minimal marketing costs and have fewer chances of getting pushed down by competitors. You’ll have a much easier time gaining a foothold in the industry and gaining a loyal customer base if you opt for this instead of a low-demand, high-competition market or even a low-demand, low-competition one.
It’s also worthwhile to start a business in an industry with high startup costs since they typically net higher rewards quicker if you’re successful! However, this can also horribly backfire, so be careful!
Related: How to Get into Business School in Bitlife
All Startup Industries in BitLife
There are 25 industries in BitLife for you to choose from. While the demand and starting prices for each fluctuate, below is every startup industry currently available in BitLife and their approximate prices if your character wants to create a company in the United States:
- Adult Toys – $1,980,000+
- Beauty Supply – $2,800,000+
- Brewery – $800,000+
- Car Manufacturer – $356,000,000+
- Clothing Outlet – $3,430,000+
- Coffeehouse – $2,300,000+
- Consumer Electronics – $55,000,000+
- Dairy Farm – $20,000,000+
- Distillery – $8,200,000+
- Food Truck – $265,000+
- Footwear – $4,000,000+
- Gift Shop – $356,000+
- Health Food Store – $1,420,000+
- Jewelry – $3,420,000+
- Kitchenware – $2,990,000+
- Lingerie Boutique – $2,010,000+
- Marijuana Dispensary – $2,060,000+
- Musical Instrument – $2,990,000+
- Novelty – $2,000,000+
- Pet Supply – $2,980,000+
- Pharmaceutical – $148,000,000+
- Robotics – $85,000,000+
- Semiconductor – $325,000,000+
- Sporting Goods – $3,700,000+
- Winery – $25,000,000+
These approximate prices will help you determine what to expect when you first decide to start a business. If your character only has $100,000 to their name, you won’t have enough cash to invest in any of these industries. With over $1,000,000, however, you might find some success starting a Food Truck, Gift Shop, or Brewery, depending on the prices in your game. Just be sure to pay attention to the demand and competition as described earlier.
BitLife is available on Android and iOS devices. If you’re interested in more BitLife content, check out our articles on How to Run a Successful Business and What Countries have Royalty in Bitlife? – Answered.
Published: Sep 14, 2022 05:12 pm