An entrepreneur struggles for capital that can enable him to successfully realize his idea. For any entrepreneur, a great business is one that is not capital intensive. There are many small business ideas that require very less investment. These ideas, if executed well, can ensure that the business flourishes and is profitable.
A business idea with low investment is a very desirable proposition. However, most people are not sure what those ideas would be and how it could fit into their scheme of things.
Top 10 Most Successful Small Business Ideas:
1. Tuition/ Coaching Classes:
What was your favorite subject in school? Did you sail through Mathematics like a wizard or did you have a special chemistry with Chemistry? If yes, a room, some chairs, a board, marker and duster are all you would need to start teaching a subject. If you know a foreign language like French, Spanish or German, you could easily impart lessons in such languages and start a small business without any great investment. There is always a demand for foreign language classes from students and professionals hence you need not worry about the pipeline drying up as an entrepreneur. The idea is not only about low investment and high returns, it also has a certain sense of cash inflow and demand predictability. For such businesses, you can start with a very small business loan too and there is no dearth of avenues from where you can get a basic loan to start this type of business.
2. Event/ Wedding Planner:
Weddings never go out of fashion. Whether the economy is booming or going through a recession, there is always a market for weddings. To add to it, weddings range from the “big fat Indian weddings” to very private gatherings. To put things in perspective, the Indian wedding market was estimated to be around $50 billion (around ₹33,000 crores) in the year 2017 and it is growing at a rate of 20 percent per year. This presents a huge opportunity for wedding planners who can ensure wedding themes, planners, decorators, caterers are in place and immaculately plan and organize the entire wedding ceremony. It requires initial capital investment for staff, logistics and arrangements for which a plethora of small business loan options are available at your disposal. While the initial investment is low, the returns that can be made once the business scales are significant.
3. Cooking Classes:
If the popularity of shows such as MasterChef is any indication, cooking classes may be a great business in India. It requires very low investment but can earn good profits. All you need is to set up a kitchen and equipment, the allied infrastructure, the raw materials, and cooking ingredients. Anyone who believes in the potential of this business would need to make a very low initial investment. They can avail small business loans from a wide range of financial service firms. Once the cooking class is set up, the proprietor can run several batches at the same facility. The Capex investment is thus limited, and a small working capital investment would suffice to run the enterprise seamlessly.
4. Driving School/ Cab Service:
If one has good driving skills and can buy a vehicle such as a car, driving lessons can be imparted to people. With the same vehicle, the person can teach 10-15 customers in a month and earn a decent amount with minimum investment. It might not be very difficult to avail of a small business loan and buy a car. A part of the earnings from the driving school can be used towards repayments to service the loan. Depending on the savings, the fleet of cars can be expanded, more driving instructors can be hired, and the business can flourish. A person may also avail of a small business loan to buy a new car. If he has the required driving skills, he can enroll in a ride-hailing service such as an Ola or Uber. Once he does that, he can offer rides through the ride-hailing app and make money to pay off his loans and save for further business expansion.
5. Food Catering Business:
Everyone enjoys good food. A food catering business is never out of demand. All occasions such as birthday parties, weddings, anniversaries, etc. have food on offer and caterers are in demand to ensure that the food served is delicious. For a food catering service, all you need is a kitchen and a few employees to cook, serve, deliver and manage logistics. Did you always want to own a dream restaurant chain? You can start with a food catering business as it is a comparatively low investment and high return business. You can avail of a loan for the Capex investments and slowly build a great business. Considering our country and the celebrations, rituals, and events we have throughout the year, a catering service will always be in demand. It is one of the best small investment ideas in India.
Read More – Catering Business Plan
6. Fitness Centres:
More than 65% of India’s population is less than 35 years old. The youth are a health-conscious lot and many of them are members of a fitness center or gym. They love to hit the gym and burn a few excess calories. The remaining 35% also comprises a lot of fitness enthusiasts and health-conscious people. Anyone who has trained in an area of fitness can start a fitness center. The space or infrastructure and equipment can be leased or bought. The space can be used for almost 16 hours a day as people like to walk into the fitness center at various times during the day. The idea of opening a fitness center is a business idea with low investment. Even if the person interested in opening this center cannot afford it, he has multiple avenues at his disposal to avail of a small business loan. It is a very profitable business idea as subscribers of the fitness center find it difficult to keep coming to the fitness center regularly but most of them pay an annual subscription.
7. Computer Training Center:
We are in an era wherein there is a lot of demand for computer literacy and proficiency. If one has a basic idea of how to operate a computer and how to work with simple tools such as the Microsoft Office suite of products – Word, Excel, and PowerPoint, the chances of employment of the person are much brighter. Hence, there is a great demand to learn computers, programming and the booming areas in technology such as artificial intelligence, blockchain, data analytics, IoT, etc. Are you an expert in any such area? If yes, you can start a training center equipped with an internet connection, a few computers and learning aids such as whiteboards, projectors, etc. The business is driven by knowledge and hence the subsequent investment after the initial capex outgo is low. Multiple batches can be run for college students, working professionals, etc. and a handsome profit can be made on a very small initial investment. What’s more, a small business loan for such initiatives is easily available. You can visit Lendingkart.com for a business loan.
8. Boutique, Salon, Spa, etc.:
There is always a demand for personal hygiene, fashion and grooming-related services. Once you make an initial investment in the store and raw material, if you can focus on selling and brand partnerships, you are highly likely to turn it into a profitable business idea. A small business loan for the same can be easily availed. If you are interested in becoming your own boss with any such venture, the right time is now!
9. Real Estate Agent or Broker:
How about becoming a rainmaker for your own business? Sounds interesting. With a little research on the real estate market in the area and an understanding of the prospects for both commercial and residential real estate, one could venture into creating a real estate agency. If you have good communication and people skills, you are likely to attract buyers and sellers alike and broking a deal could help you earn a handsome commission. The investment required to start this is very less and as you build your network and start playing a role in more deals, the commission you earn can make the business venture a highly profitable one.
10. Web/ Social Media agency:
In the digital age, most companies want to spend their marketing budgets on advertising through digital channels and through paid social media campaigns. If you have a good knowledge of marketing, communications, branding, web presence management and social media, you could start your own venture to help companies establish a strong digital footprint. All you need is an office, a few computers, some skilled professionals and you are good to start. Are funds to start up a problem? You needn’t worry as there are many options to avail of a small business loan to start a web/ social media agency.
Other Lucrative Business Ideas include:
Creative Business Ideas:
1. Children Play/Adventure Area:
Starting a children’s play area is one the very profitable idea for a small business. The investment required for such a business is medium.
2. Tea/Coffee Café:
Working at a Café is a new trend. Having a well-furnished café with a good ambiance and a variety of Teas & Coffee is a profitable business. A rented/owned place with a small investment is required for starting a Café. Read More – Coffee shop Business Plan
3. Custom Gift Store:
A gift store is one of the best creative ideas. A customer is always looking for customization in their gift. Giving them what they need is surely going to benefit your business and increase profits.
4. Antique Business:
Opening a small antique shop with different kinds of antique items and furniture is surely going to pull the crowd. Antique business can become highly profitable if you find the right customers who are interested in antiques.
5. Game Organizer at Event:
A game organizer is in high demand at various parties like birthdays, anniversaries, etc. It is a creative business idea where you have to be good at communication and creativity.
6. Hot Air Balloon or Boat Ride Services:
This is one of the most adventurous business ideas. The investment required here is big and skilled manpower is required to assure customer safety. To start such a business, you need a bigger space.
7. DJ Services:
Be it any event, party, or wedding; DJs are always a priority. The pubs are completely dependent on the DJs to pull in the crowd. A person needs a good amount of skills and experience to make the crowd groove.
8. Chatbot services:
One of the upcoming businesses in recent years is developing a Chatbot. Many companies are incorporating chatbot services on their website. Building a custom chatbot as per the requirement will definitely yield high profits.
9. Interior Designer:
If you have a degree in Architecture, you can become an Interior Designer. Real Estate in India is booming day by day. It is expected to reach $1 trillion by 2030. In such a developing market, the need for Interior designers is always going to be high. If you’re skilled and have bright ideas to Turn a House into a Home, this business can do wonders.
10. Dance/Music Classes:
Dance and Music are two creative businesses. Both these businesses require special skills and lots of experience. One of the best things is you can start this business at your Home, with a minimal investment.
11. Ice Cream Business:
One innovative idea for a business is selling ice creams. Create unique flavors according to the seasons to attract your customer. This business requires special skill and patience to try out different combinations of ice cream.
12. Hair Business:
People might think of the Hair business as a weird idea, but the hair industry is one of the most profitable industries. The hair industry contributed $248 million in 2018. India exports hair to the US, Europe, China and the Middle East.
13. Ethnic Food Service:
Nowadays people do not eat to satiate their hunger but for pleasure. If you think you have amazing culinary skills that can make people lick their fingers out, then you should start an Ethnic Food Service at home. You just need to have the right knowledge of ingredients and the idea of the culture and region the recipe comes from.
14. Funeral Services:
Though it may sound weird, such services do exist and are making a good business in India. You need to provide services that might include transportation of the dead body and providing advice about the rituals. The services can also include providing all the materials required for the cremation ritual.
15. Doula Services:
With little training in childbirth and care, you can start your own Doula Service. The investment in this business is very less compared to any other business. The services include a prenatal visit, labor and delivery, and a post-delivery follow-up.
16. Organic Farming:
Organic Farming is being followed in India since ancient times. It aims at cultivating the land by use of organic wastes. With the increasing demand for organic grain in the market, Organic farming has gained a lot of popularity. If you have land you can invest in this small business.
17. Mobile garage service:
Most of the time cars break down in the area where there is no garage service. If you have a vehicle you can convert it into a mobile garage with a small investment.
Home Based Business Ideas:
1. Home Chocolate Business:
No matter what, chocolates will never go out of demand. May it be any occasion or event chocolates are a must. With little investment in the raw material, you can start a home-based business making chocolates. Home-made chocolates have a huge demand in the market.
2. Recruitment Services:
Recruitment service is one of the most lucrative businesses in today’s time. All you got to do is shortlist, select and appoint suitable candidates for jobs in the comfort of your house and earn a great commission out of it from the company.
Fashion and lifestyle today are one of the most money-making businesses. If you are a housewife or want to earn some extra income, then you can start tailoring services at home. All you need to have is a sewing machine and some fashion sense.
4. Tiffin Services:
Providing food has become a major business in industrial areas. For some working professionals who are unable to cook at home or who stay away from home in other cities, Tiffin Services becomes a convenient option. You can use your kitchen to cook fresh food and start this profitable business.
5. Hobby Class:
If you want to enjoy doing a business start a hobby class. Today, parents want their kids to learn as many things as they can and not waste time hopping around in the sun. you can start a hobby class for dance, music, and craft based on the skill you possess. The best time to earn in this business is during the summer vacations.
6. Yoga Class:
The wellness industry is growing in India. In this fast-paced life, people want to give some time to themselves and attain peace. You can start yoga classes at home and train individuals to live a healthy life with just a little investment.
7. Insurance Agent:
If you possess good communication skills and have great convincing power be an insurance agent. With little investment, you can start this business. There cannot be any other easy way to earn a good commission than selling insurance policies.
8. MLM – Network Marketing:
Multi-level marketing or Network Marketing is a business where you need to sell products and services of an associated company to earn profits. The income also includes a percentage of income from the sales group which is recruited by you. This is completely a referral business and you can operate from home.
9. Marriage Bureau:
One of the most productive businesses for housewives and retired individuals is Marriage Bureau. You just have to meet and greet people and with little investment, you can run this business from home.
10. Medical Sample Collection:
If you have marginal knowledge about the blood group and various medical procedures, you can start this business. It only requires you to collect body fluid samples and provide them to a pathology clinic near you. This is a less competitive business and can be started in a small place.
Part-Time Business Ideas:
1. Errand Services:
If you think you have excellent management and planning skills, you can run this business efficiently. All you have to do is look out for errand tasks such as banking, grocery shopping, paying utility bills, delivering things, etc. and earn through the services you provide.
2. Party planner:
If you enjoy planning and organizing, how about being a party planner. This is the most exciting job as it involves creativity. This business is in very much demand in the metro cities due to their party culture.
3. Accounting and Record-Keeping:
If numbers excite you then you can start an Accounting and Record-Keeping business. A finance person with experience in an accounting job can earn through this business by rendering their expert services. You need special training for this business but can start on your own with very little investment.
4. Day Care Services:
These days many parents rely on daycare centers to care for their children while they work. While some parents may just consider a professional daycare center to be the safest option for babysitting, others consider a homely environment for their children the best. So, if you like children and don’t mind spending a few hours of your day caring for them then you can start a Day Care Service center.
5. Sofa Cleaning Services:
People are getting busier each day. They do not find time to clean their furniture at home and office. If you enjoy cleaning, then you can team up with some semi-skilled or unskilled manpower and start a Sofa Cleaning service with the help of the right equipment.
6. Visa Consultant:
Consultants are always in demand. If you have knowledge about various rules and regulations of visas and can guide about the documents required in the process you can establish a Visa Consultancy firm.
7. Personal Chef:
If you love cooking and hold expertise in cooking various cuisines, you can be a Personal Chef and generate income from your services. This business requires you to invest in mainly the cooking apparatus as well as the ingredients.
8. Sports Coach:
If you share the love for sports and hold a degree in sports coaching, you can train children or individuals who want to make a career in sports. You will need to personally train the individual so he can achieve his goal.
Low-Cost Business Ideas:
1. Mobile Food Shop:
Mobile Food Shop is the top small business idea as people all over the world love to eat tasty and healthy food. This is a business that you can start with minimum investment and gain maximum profits as no one can ever refuse tasty food provided in a hygienic manner.
2. Fast Food Parlour:
Fast food is the first choice for people who are hungry and do not have access to home-cooked food. If you provide tasty and hygienic food at an economical rate you will gain quick profit.
3. Diet Food Shop:
These days people are too conscious about what they eat. You can find fast-food joints everywhere in the rural and urban areas, but we hardly have shops that provide healthy diet food. Therefore, starting a diet food shop is an excellent idea for a small business.
4. Health Drink:
Due to social media, people are well aware of what is good for their health. They have started opting for health drinks over carbonated drinks. Juices like neem, beetroot, and carrot are too much in demand. Thus, starting a Health Drink stall is a good business idea.
5. Ice Dish & Soda Shop:
Ice Dish & Soda Shop is one of the lowest investment businesses with maximum profit. All you need is to invest in the equipment required to make the drink, like ice snowmaker and soda maker.
6. Courier Shop:
If you are quite efficient in delivering a message, package, or letter from one place or person in the required time, this business is for you. You will require semi-skilled workers to manage the business.
7. Laundry Shop:
Every individual loves wearing fresh clothes that smell good. If you are efficient in providing good laundry service this business is for you. You can employ a few unskilled workers to help you manage the task.
8. Candle Making:
Candle Making is an art but you can make this art into a profitable business if you provide bulk orders by using available machinery through marginal investments.
9. Soap Making:
Organic and herbal soaps are in demand in the market. If you have the skills to make soaps using various ingredients, then you can make this hobby a business.
10. Idol Making:
If you are creative and have the skills to make idols, then you can start a business making idols. We are an idol-worshipping country and during festivals like Ganesh Chaturthi, Durga Puja, etc idols are in great demand.
11. Bag Making:
After a ban on plastic, this area of business is flourishing as there is a huge demand for paper bags from malls and shopping units. You can use your creativity to make bags from jute, cotton, etc to sell them online or offline.
12. Pickle-Papad Making:
Pickle-Papad Making is one of the best home-based business ideas that women engage in since earlier times. You start this business part-time or full-time as per your convenience.
13. Fruit Jam Making:
Home-made fruit jams are fondly relished by people as they are free from preservatives. You can make this into a profitable business with less investment provided by various organizations.
14. Career Counselling:
If you understand the work trends and the careers that are in demand you can opt to be a Career Counselling. You can start this business from home. Nowadays parents and teachers lookout for good Career Counsellors so they can guide children in pursuing a career for their future.
15. Religious Items:
India is a country of multiple religions and languages, there are various customs and traditions that people follow. The requirements of religious items for engaging in various customs are different. Religious items such as Diya, Dhup, Murti, and Shankha are always in demand. Therefore, this business is favorable in areas where there is a religious organization nearby.
16. Pest Control:
The pest control business is slowly becoming one of the top businesses in the metro cities. Everyone wants to live a healthy life free from diseases caused by insects and mosquitos. Thus, the Pest Control business is a good option in the metro cities.
17. Paan Centre:
Anyone can open a Paan center as it does not require any skill. It is a low-cost business idea and involves the preparation and sale of paan and other related items. You can also sell small items like biscuits and chocolates along with paan.
18. Landscaping Service:
Through the landscaping business, you can provide clients with lawn services to keep their yards groomed and can also plant flowers, trees and shrubs. To start this business, you need to have the knowledge to plant flowerbeds and gardens to raise the value of a property. As the property rates are going high this business will give you maximum turnover.
19. Aquarium Shop:
The aquarium is a low-cost business where you need to take care of the fish tank and provide Professional Aquarium Leasing and Maintenance for offices or Homes. The aquarium is considered good for Vaastu therefore this is a good business with less investment.
20. House Repair Service:
Every now and then houses need maintenance and repair thus House repair Service is a lucrative business idea. If you have knowledge about construction along with a few skilled workers, you can start this business.
21. Palm Reader or Astrology:
Palm reading is a practice of predicting the future of a person by examining his/her hands. It is a convenient business and a person having the skills of a palm reader can earn a moderate sum through this business.
22. Fumigation Services:
Through Fumigation Services, gaseous pesticides are sprayed or filled in the infected area to get rid of pests. The fumigants or pesticides poison the pests in and around the area. One needs to have a clear idea of the chemicals used in the process to run this business.
23. Spy & Security Services:
No one can be trusted in the present day. Due to this the need for Spy & Security Services arrived. Many people use such services for their homes and offices
24. Car Pooling Services:
Car-pooling is a type of car rental designed to be convenient for people who want to use cars for relatively short periods of time. Car sharing services offer casual drivers the option to rent a car by the hour or day. Due to awareness about pollution and traffic control, this business is booming day by day.
25. Software Training:
If you are an expert in computer languages such as C, C++, JAVA, HTML, etc. you can start a business of software training from a small rental area or from your house.
Online Business Ideas:
A weblog which is also called a blog is maintained by a blogger to give out information about a subject. Blogging has gained momentum nowadays as it helps generate traffic and there is demand for bloggers in the market. Therefore, this can turn into an amazing online business in today’s time.
Video blogging or vlogging is an affordable avenue to use to help your small business grow. Video blogging is an innovative way to increase your brand awareness. You can upload your blogs on YouTube and make money out of them easily. All you need is confidence in front of the camera and some editing skills to start with.
3. YouTube Channel:
By 2021, it’s estimated that 82 percent of all internet traffic will be for video. Starting a YouTube channel gives you a powerful medium to produce and distribute video content, which is only going to become more important day by day. Youtubers help individuals and businesses build influence, income, and impact with YouTube and online video.
4. Freelance writer:
Freelance writing is any sort of writing assignment that you do for pay, outside of a staff position. You can meet clients and write content for Web pages, Blog posts, Magazine articles, newspaper articles, etc many companies nowadays hire freelance writers for their business.
5. SEO Expert:
An SEO company offers search engine optimization services to businesses to help them improve their visibility online. Search engine optimization is the process of making changes to your website design and content to make your site more attractive to the search engines. If you are somebody who has expertise in this area, then you are good to start an SEO Business.
6. Hosting Paid Webinars:
A webinar is an online event that is hosted by an organization/company and broadcast to a selected group of individuals through their computers via the Internet. A webinar allows a speaker from the hosting organization/company to share PowerPoint presentations, videos, web pages, or other multimedia content with audiences that can be located anywhere. If you are someone with good domain knowledge, then this is an exceptional business idea for you.
7. App Development:
Application development involves creating a computer program that performs different tasks that a business requires. The application helps businesses automate tedious processes like calculating monthly expenses to scheduling sales reports, to increase efficiency. Many companies require this service so if you have the software skills you can make App development a profitable business.
8. Affiliate Marketing:
Affiliate marketing is the most profitable way to make money online. It is the oldest form of digital marketing wherein you refer someone to any online product and when that person buys the product based on your recommendation, you receive a commission. You can start this business with very little investment.
9. Products Sell on Facebook:
Facebook has more than 2.3 billion monthly active users as of December 2018. Other than being a popular social networking website Facebook provides the facility to make your own store or group online. If you have a product or service with some marketing knowledge you can sell it online on Facebook and make money out of it.
10. Domain Flipping:
Domain Flipping is the business of buying a domain at a lower cost and selling it at a profitable amount. It is a simple business that can lend you a lot of revenue without much effort.
11. Sell Photos Online:
There are many different websites to sell stock photography to be used further for making graphic designs or other resources. You can create portfolios of your images and earn money. There are many different websites to sell stock photography that can help you expand your business.
12. Stock Market Trading:
Stocks are a type of security that gives the investor a share of ownership in a company. Brokers buy and sell stocks through an exchange, charging a commission to do so. A broker is simply a person who is licensed to trade stocks through the exchange. A broker can be on the trading floor or can make trades by phone or electronically. This can be a profitable online business if you have good communication skills.
13. Data Entry:
Data entry is one of the easiest business ideas where one can earn by adding data using the desired software hosted on a computer and its data entry operators who perform these tasks. The benefit of this business is that you can start a business with no previous experience.
Profitable Business Ideas:
You can start an eatery that serves food and drinks to customers in exchange for money. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services which is the need of the hour. This business requires a lot of planning and hard work. With a few skilled workers, you can start this business at a medium investment from any organization.
2. Readymade Namkeen Breakfast Shop:
Namkeens are easy Breakfast that can be had on the go. You can start a Readymade Namkeen Breakfast Shop across the street as people prefer readymade Namkeen and breakfast instead of cooking at home and it is an easy snack.
3. Mobile Sales and Repair:
The mobile phone business is growing exponentially. Your customers who buy phones from you ever need mobile repairing services, there are high chances that they will come to you to get their handsets repaired. Your mobile repairing business can be a highly profitable business venture if it’s run in a professional way. The best thing is that you can start this business with a very small investment and with little experience in the same.
4. Package Drinking Water:
The demand for packaged drinking water is growing exponentially in small towns and cities in India. This is an evergreen business and there is a place for everyone who wants to step into this opportunity. Investment required in this business depends on the size of the business and the clients you hold.
5. Jewellery Production & sale:
If fashion is an area where you thrive, and you have a talent for creating unique jewelry then you can start this business. You can build a name in the local market and ask for referrals from previous customers to excel in this business.
Milk and milk products are always in demand. All you need is a small shop and cold storage facility to run this business. You can serve milk, sweets and related products and establish a dairy business.
7. Commercial and Industrial Machinery Equipment Rental:
Offering commercial and industrial machinery and equipment for rent to various industries like construction, mining, transportation, and forestry machinery could be a profitable business idea. These firms generally do not own a store-front facility. As this heavy machinery are usually very costly, companies prefer renting them instead of buying it. This business requires moderate investment, but the returns are high compared to other businesses.
8. Travel Agency:
A travel agency is a public service related to travel and tourism. You need to have good communication skills to start this business. You can also operate from home and do not need to rent a place for starting this business. You can provide Air, Road and Railway travel tickets to start with. This business is in huge demand in metro cities.
9. IT Hardware shop:
Hardware shops provide hardware items building materials, plumbing materials, etc. to huge electrical materials. To start this business, you need to have knowledge of the products. On average good performing, hardware makes a net profit of 10% on its daily sales.
Big Investment Business Ideas:
1. Textile Unit:
The textile industry is currently contributing 2% to India’s GDP and 15% to the export earnings of the country. Opening a textile unit firm means supplying different types of fabrics for the fashion and apparel industry. The shop should be in an area where there is demand and the factory should be in an area that is well connected.
2. Rice Mill:
Rice Mill involves the postproduction of rice. the equipment and machinery will help remove the husk from the rice to make it edible. India is still the largest exporter of Rice in the world therefore this is a profitable business.
3. Beer and Wine-Making:
In the last few years, the wine industry was at high growth, a $30 billion industry for both domestic and international wines. Therefore, starting your own beer and wine company is a diverse opportunity for business startups.
4. Manufacturing Fabrication Plant:
Metal fabrication is the creation of metal structures by cutting, bending, welding and assembling processes. It is a value-added process involving the creation of machines, parts, and structures from various raw materials. You need skilled manpower and a lot of machinery for this business.
5. Crane and Lifting Service:
Crane and Lifting Service deliver the right lifting equipment and service to match the customer’s needs. You need specialized maintenance services and spare parts for all types and makes of industrial cranes and hoists to start this business.
6. Transportation services:
To start a transportation business, you will need to decide which type of business you intend to create. The type of company you think of establishing should be determined based, among other things, on the need and competition in the area you decide to work in. You can start a taxi service, bike rental, or bus service as per your investment in the business.
7. Car Parking Services:
If you have a huge vacant area outdoor that you can use for business purposes you can start a Car Parking Services business. It is a recent concept as the number of cars on road is increasing.
8. Petrol Pump & Gas Station:
Gas stations offer various fuels to motorists including petrol, diesel and LPG and CNG gas. Petrol Pump is considered to be a very beneficial business. If you open petrol pumps at a decent place, you can make a lot of money.
9. Marriage Halls:
There are marriages and events happening every now and then in India. This gives rise to the demand for Marriage Halls. If you own a property that can be converted into a big hall that can accommodate 800-1000 people, you can start this business and rent it to people looking for ceremonies, weddings, parties, etc.
10. Luxurious Car Services:
The sale of Luxurious Cars has been reduced because despite the desire to buy such cars not many can afford them. The demand for Luxurious Car Services has increased in the market. In this business, you need to purchase luxurious cars and lease them. People rent luxury cars for special occasions or to make airport transport easier.
11. Imported Furniture Store:
According to data from The Retail Owners Institute, the gross profit margin for retail furniture stores has risen slightly from 43.8 percent in 2014 to 45 percent in 2018. For this business, you can import furniture from China, UAE or other countries. You need a huge capital to start this business.
12. Electronic Store:
We are now living in the age of electronics. Electronics are tied into so many different aspects of our life. So, starting an electronic store is a profitable business but you need to have information about the products. The amount required to invest in this business may vary according to the products you provide.
13. Art and Collection Shop:
Professional artists can start their own art businesses. Starting an Art and Collection Shop requires a little business planning, a whole lot of marketing, and most importantly, the ability to create work that resonates with people.
14. Video Conference and Board Room Services:
With businesses operating more globally and at a faster pace than ever, there is an increasing need to bring together remote participants using a variety of video services for conferences, training, or regular information-sharing sessions without the requirement for extensive travel. You can make business by providing digital solutions that enhance convenience, improve productivity, and save companies crucial time and money.
15. Night Club:
If you are a night person and love music and dance, you can make others groove by starting a nightclub. The investment is big as license and good quality sound equipment are required to start this kind of business.
16. Poultry and Fisheries:
Poultry and Fisheries have now become a popular rural enterprises in different states of the country. Apart from eggs and chicken, poultry also yields manure, which has a high fertilizer value. This becomes an added profit for the business.
17. Building Construction:
A construction company is a capital-intensive business. You may need to rent or buy heavy equipment or purchase material in bulk. A solid business plan can outline your assets and make the case for your new construction company to access funding from investment sources. This is a business with high investments that can provide higher outcomes.
18. Solar Farm:
Solar farms are replacing croplands that don’t generate enough income from traditional farming. Solar farms use solar panels to generate huge amounts of renewable electricity that can be used by individuals for commercial and residential purposes. Building a solar farm is a capital-intensive business but the Returns on Investment (ROI) are worth it in the long run.
19. UPS Business:
UPS business involves buying and selling UPS. You can collaborate with major UPS companies like APC and sell their products to make business.
20. Auto Modification Services:
Custom car shops appeal to automotive enthusiasts who are in love with engineering and designing. This business is needed because of the large demand for vehicle customization. You need to have a creative mind to start this business.
21. Chemical Unit:
The chemical industry landscape has opened new doors of opportunities for chemical buyers and sellers. This business has a huge export potential and requires huge investment.
Gold Ornament Shop: Starting your own Gold Ornament shop business is a great way to tap into the jewelry industry. A small jewelry store can be started for as little as $20,000. The cost may vary depending on your location.
22. Printing Press:
Our society is so much influenced by the printing press. Nowadays, running a printing press is a successful business. We can print books, newspapers, invitation cards, magazines, posters, flyers, pamphlets, envelopes, business cards, and stationery items. Operating a printing business requires a few specialized pieces of equipment, and can be operated as a home-based, storefront, or online business.
23. Peer 2 Peer Lending Business:
P2P lending is a business where one lends money to individuals or small and moderate businesses through online services. To start a Peer 2 Peer Lending business, you need to open an investor account for starting this business. Though profitable, this business involves great risk.
24. Internet Service provider:
An Internet service provider (ISP) is a company that provides customers with Internet access. There is a huge demand for the internet thus starting this business makes sense.
25. Computer Class:
If you have the knowledge of computers and can teach others the same, then you can start a Computer Class. All you need is a few computers and a space where you can set up your business.
26. Hotel Business:
The hotel business requires huge investment and manpower. To start this business, you need to buy or rent an establishment that provides lodging and, oftentimes, meals and other services for travelers and other paying guests.
27. Oxygen gas bottle:
To start this business, you need to invest in quality equipment, a healthy supply of cylinders of liquid oxygen, compressed oxygen, and flow meters. You need to remember to maintain a safe, hygienic environment for your equipment at all times. You can own cash to cover start-up and operating expenses.
28. Car Battery:
If you are seriously thinking of launching a car battery business, get advice from someone who is already in the business. Every vehicle needs a battery may it be a two-wheeler or a four-wheeler. Therefore, the Car Battery business is a very good business idea
29. Cement Business:
India has a huge potential for infrastructural growth. When the future involves the development of 99 smart cities, you can expect positive growth in the cement business. Opening a cement business can get you on the path to a secure financial future but it’s important to plan out the business in detail before you start.
30. Spice or Masala Powder:
Spices from India are going places, with exports on course to top $3 billion in the last few years. Spice Powder Making Business ensures a good return with low investment.
31. Money Lender:
Lenders are businesses or financial institutions that lend money, with the expectation that it will be paid back. The lender is paid interest on the loan as a cost of the loan. The higher the risk of not being paid back, the higher the interest rate. This business involves money therefore, you need to carefully lend money to people who can return the borrowed money with proper documentation.
32. Nursery school:
The demand for good nursery schools is growing in the city. Now is the perfect time to consider opening a nursing school. To start this business, you need trained staff and a huge space to start this business.
33. Modelling Agency:
If you are interested in representing fashion models, to working for the fashion industry then you should start a Modelling Agency. These agencies earn their income via commission, usually from the deal they make with the model and/or the head agency. The top agencies work with big-budget advertising agencies and fashion designers.
34. Pathology Lab:
Indian diagnostic market is growing at nearly 15-20% and is estimated to be currently worth 40,000 Cr. Setting up a pathological lab can be an extremely lucrative business idea.
Retail Business Ideas:
1. Grocery Store:
Grocery stores sell food and other household items. Often called supermarkets, grocery stores are go-to sources for a home’s food needs. grocery shopping is an integral part of human life, and any such business that appeals to life sustenance is sure to become profitable if it is handled properly.
2. Organic Food Store:
The organic food store is another niche in the grocery business idea. To succeed in the organic food business, it is essential to have a proper plan on how to get authentic organic produce on a regular basis. Location is another very important thing to consider as you have to set up in an area where the people are health conscious and can afford the high price of organic produce.
3. Hardware Store:
A hardware store typically sells hand and power tools, building materials, plumbing supplies, cleaning products and much more. A hardware store has a lot of components to the business that requires detail-oriented planning. You need to research and find a developing area to start this business for its success.
4. Auto Spare Part Store:
Auto Spare Part Store is a cash-intensive business. With substantial capital investment and strategic planning, you can initiate this type of store. Starting an Auto Parts store is a fulfilling way to make money.
5. Stationary & Book Store:
Stationery items are always in demand whether be it a school or corporate. The best place for running stationery and bookstore is always nearby school or corporate the chances of getting more business and good profit is very high. In this business, investment is not required and no special skills are needed.
6. Cosmetic Store:
As people are nowadays becoming more beauty conscious so the demand for beauty products has increased than before. Ladies are always in search of a cosmetic store. This business too needs a very small investment.
7. Leather & Perfume Shop:
This is another form of small business in which you need to keep products like bags, belts, wallets and perfumes. These kinds of businesses are always evergreen businesses with good products and small investments.
8. Xerox Shop:
Xerox Shop is a good business for making profits. A Xerox Shop is available in every locality. This itself proves the success of running Xerox Shop along with other products like bookbinding, lamination and small stationery items. The investment required too is low. The best location to start up this business set up would be schools, colleges, offices, etc.
9. Beauty Salon:
Beauty salons are now among the emerging business in India. The beauty care segment is most likely carried out by ladies. This business demands some special skills related to skincare. The person carrying out this business should have undergone special training and courses related to skincare and have good knowledge of beauty products. Investment required for this small business start-up is very low or else you can even opt for a franchise for a well-renowned brand.
10. Medical Diagnostic Center:
Medical care is essential in today’s world. Day by day there is a new disease affecting the health of people, so timely health and medical check-up have become very important. With proper medical check-ups and advanced analysis, we can be safe from many prone to diseases. The investment required for running this business is substantial.
11. Photo Studio:
The photo studio is a business that can be started up with very less investment. Business success depends upon the skills and ideas that you have in the photography line.
12. Safety & Security Products Retail Business:
In today’s world safety and security are all that one needs. So, the safety and security products in the market are always in good demand in the retail business. For starting this business, you need to have products like helmets, safety lockers, CCTV cameras, etc.
13. Herbal & Ayurveda Products Retail Business:
Herbal and Ayurveda exist in India for a very long time. Ayurveda is a proven medicine for healing and curing diseases with no side effects. The herbal and Ayurveda medicine manufacturers are now booming in the health segment. Especially after the entry of Patanjali into the industry. This is the right time to start up with herbal and Ayurveda products retail business with moderate investment and get better profits.
14. Scrap Store:
You can also earn a profit from scrap stores. In this business what you need to do is collect scraps like newspaper, plastic, and other discarded material.
15. Gift Card Shop:
You will find at least one gift shop in all locality. Today’s world is much excited about forgiving and accepting gifts. The gift shops also possess a good amount of revenue. The gift shop business consists of business or personal giftings. Gift shop businesses require proper location and a good collection of gift cards. Gift cards are used widely on every occasion.
16. Optician Shop:
You may have even noticed there would be at least one optician shop in all areas. Eyeglasses are mostly used by the majority of people. Due to the constant climatic changes, there are often eyesight issues caused to people of all age groups. To start up with an eyeglasses business you need to have sunglasses, contact lenses and different trendy frames for specks. The rate of the products depends on the quality of the products and business location.
17. Seasonal Business:
Seasonal Business ideas are another form of business in India. This business start-up can be done with a small investment. Your business depends on the seasonal and festive needs of the consumers like crackers, raincoats, woolen clothes, etc.
18. Utensil Shop:
Utensil shopping business is a never-ending retail business idea. Requirements for starting this business is you need a suitable shop and inventory of steel items. The success of this business depends upon the location of the shop and the quality of utensils.
19. Foam Mattress:
Thinking of starting your own foam mattress business? Starting of manufacturing foam business is among small investments. You either can become a trader or a manufacturer.
20. Business Idea of Ice:
A business of ice can be started up with a very low investment. Ice is a commodity frequently used by us day-to-day for cooling.
21. Tattoo Shop:
Today’s generation is crazy about tattoos and ready for paying any amount for a good designer and trendy tattoo collections with them. The tattoo business is among the upcoming business for earning good profit. The only thing you need to know is the skills required for tattoo making or having skilled people for the same.
Manufacturing Business Ideas:
1. Honey making:
The honey Manufacturing business is another form of small business. Honey processing can be performed in two different processes manual and automatic. Starting your honey manufacturing business is easy and convenient for people planning for small-scale business.
2. Manufacturing toys:
The toy Manufacturing business is a top booming industry in the Indian business segment. Starting up a new Toy Manufacturing business is very profitable. Before setting up the business unit we need to have proper research on the prototype and raw materials required for toy manufacturing. There is machinery available in the market by which you can produce an ample number of toys and earn more profits. The toy Manufacturing business can be started up with very low investment and then further expanded.
3. Manufacturing of Plastic bottles:
If you are looking for starting up your own business venture, currently there is a booming rise in the plastic products manufacturing business. Day by day the demand and supply for plastic bottles are increasing. Before starting up with the manufacturing of plastic bottles you need to have proper knowledge and expertise in injection moulding and manufacturing. You also need to complete some legal formalities like getting up your legal documents ready, factory license number, GST number, etc.
4. Fertilizer Manufacturing:
India is the third-largest manufacturer of nitrogenous fertilizers in the globe. The fertilizer manufacturing business can be started with very low investment or high investment. If you are new to this business start with a small investment with compost fertilizer from waste items, and soon you understand the business expand your business.
5. Water Filter and bottling Plant:
Water filter and bottling plant is a commercial enterprise and one of the prime requirements nowadays. The role of the mineral water bottle plant is important for this industry and to society. For setting up a business water filter and bottling plant you need to have ample space and skilled manpower. The investment required for this business is very high.
6. Furniture making:
Furniture is an essential part of our daily life. The furniture business is also to be considered a booming industry. Furniture always has its never-ending demand from schools, colleges, offices and homes. If you have ample space with you and skilled workers to start furniture making.
7. Production of Leather related items:
Production of leather-related items is always in huge demand in the market. Leather products such as bags, footwear and garments, etc are some leather-related items that have huge demand and are used in day-to-day living. If you get proper manpower you start up your business of production of leather-related items.
8. Electrical Fitting Production:
Electricity has become essential for our day-to-day living. We cannot even imagine a day without electricity. In today’s life, there is a high demand for electrical fitting production in the market. But even though the investment required in this business is not so high as compared to others, with a small investment to we can start up an electrical fitting production.
We will now next cover the details related to the Embroiderer business. To start up with this business you need to have a creative design idea for embroidery. Creative designer Embroiderer can be done with low-end machines or by sophisticated tools. This is a lucrative business and can earn a good margin.
10. Carpet Making:
The Carpet making business is among the creative business and is among the large business opportunity. Starting up a carpet-making company with a good creative mindset would lead to a highly profitable business. Before starting this business, you need to know the appropriate skill before starting the business.
11. Ceramic Tile Maker:
Ceramic Tile business is another profitable business as Tiles are required in every household. The investment required is high in this business.
12. Kitchen Utensil maker:
There is a huge requirement for Kitchen Utensils in every house. Starting a Kitchen utensil business is a great idea in terms of the profit that it will give.
Renting Business Ideas:
1. ATM Space Rental:
A commercial space always yields good profits. Renting your space to Bank ATM will yield fix monthly profits.
2. Car/Bus Rental:
The car rental business has grown since Ola & Uber came into existence. Buses are in huge demand for family functions, weddings, etc. Start a Car/Bus rental business with a business loan from LendingKart.com
3. Construction Equipment Rental:
The real estate industry in India is booming day by day. Due to the high costs, developers prefer getting construction equipment for rent. Starting this business will result in high profits every time.
4. Fancy Dress Renting Business:
Starting a Fancy-dress business is a low investment business idea as you need to buy dresses that fit kids as there is a huge requirement from school kids for school events. Start your fancy-dress renting business and earn handsomely.
Starting a Decorator business is always a great idea as every event requires decoration material, chairs, stage material, etc. Though the initial investment in this business is high, it will yield a profit at every event as the same stuff will be used.
There are many more such ideas wherein the investment required is low, but the profits can be significantly high. Such lucrative ideas mostly depend on your people and networking skills, knowledge in niche areas and latent demand for the same in the market. If you are bitten by the entrepreneurial bug, take the plunge today. If financing your venture is a stumbling block, visit Filemydoc.com.