Small Business Ideas in India – 2023
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Do you want to start your own new business? Start it Now. Do not get confused over the thought of what business or industry sector shall be chosen. Every business has its pros and cons, it’s just about the best business ideas to make money. It is just about which business you have the passion and zeal to crack. Your skillset also matters a lot in achieving the target. You should be confident enough to implement the skills you possess and manage to overcome the upcoming challenges. Further, let’s discuss some small and low-cost business ideas for you to pick that match your skill set and experience.
List of 21 Most Successful Small Scale Business Ideas in India – March 2023
1. breakfast joint/takeaway counter.
Food is one of the three basic necessities of life making it a top choice for people to indulge in and open up a business in the F&B (Food & Beverage) Industry. This is why as a small-scale business idea, food joints will never run out of customers, as long they serve delectable food. Of course, a start-up business does not need to be a full-fledged restaurant from the start. One can start with only a few key dishes such as a wholesome traditional breakfast with optional snacks as an add-on.
2. Juice Point/Shakes or Smoothies Corner
As more and more Indians grow health-conscious, fresh juices without preservatives are emerging as a popular healthy alternative to cold drinks. This is why the humble juice bar has made this small business ideas list for India as a top option for a potentially successful venture. While one is at it, diversification into related drinks especially (perhaps less healthy) summer drinks like lemonade, buttermilk, and lassi might also work out well for this small business. Of course, one can decide to go the whole hog and get started with a fully-loaded food truck instead. As long as the food/drinks provided are of high quality and all the requisite permits are in order, ensuring the success of this business idea should not be too hard.
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3. Tailoring/Embroidery Shop
As far as successful business ideas go, this one is based on another basic requirement of life – clothing, so the size of the market includes well, everyone. As start-up businesses, tailoring and embroidery have been around for decades and most are usually home-based businesses that receive and complete orders on behalf of small boutiques. But being a tried and tested idea does improve its chances of emerging as a successful future business, especially in larger cities where tailoring services are in high demand. Obviously one needs to undergo the requisite training and ideally should have sufficient experience in order to improve the chances of succeeding in this small-scale business venture.
4. Business related to e-commerce
Small business ideas have the potential to grow into huge businesses over time and the emergence of the Internet along with related technologies can definitely help out. It is proven that small businesses with an online footprint tend to do better than those that do not have an online footprint. So amazingly, this start-up business idea is focused on providing a range of online services to various small and medium businesses. This is the reason why social media experts, influencers, YouTubers, critics, SEO experts, website designers, and developers are in high demand these days. Such businesses require only smartphones, basic computers, software, and a high-speed internet connection.
Must Read: Top Online Business Ideas to Get Started Making Money on the Internet
5. Blogging/Vlogging
If one has to pick a single money-making idea from a list of internet-based small businesses from home, blogging, and vlogging (video blogging) have the potential to be money-spinners. As long as it is interesting, it does not matter what one writes or makes a video about. Even many top-rated performance artists, including stand-up comedians, have considered this as a potential way to expand their reach. The goal is of course to maximize the number of views or readers of the vlog or blog through the creation of interesting content. In the case of certain vlog platforms, one gets paid based on the number of views while in the case of most blogs adverting revenues generated through Google AdSense helps the business make money.
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6. Cookery Classes – Online/In-person
In case a skillful professional cook does not fancy the idea of slogging it out at a restaurant or food truck business, there is an alternative – cookery class. This is a unique trend that’s catching on among urban and semi-urban families in India, as something that people create something that’s delicious yet healthy. What’s more, it is even possible to carry out these classes both in-person and online or one could make a vlog teaching others the intricacies of culinary skills. The scope to expand and monetize from potential market segments that one might not be able to reach otherwise increases manifold by taking advantage of the online route.
7. Daycare Services/Baby Sitters/Creches
In today’s modern India, the concept of crèches in the office for working mothers is yet to catch on and as more women enter into and stay on in the workforce even after marriage, it is obvious that the demand for daycare services will continue to rise in the near future. As a full-time occupation, daycare services, crèches, and even babysitting have been around for years, if not decades, especially in the larger cities that have a larger number of working women and nuclear families.
8. Dance Classes/Centre
If you are a good dancer or choreographer, you can easily start your own dance center by taking space for rent or if you own some place or area. Marketing your dance academy is the only investment required. If you do not dance well, still you can still run a dance center by hiring good choreographers, dance teachers, etc.
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9. Photography Studio
Sometimes your hobby can make you earn money, you just need to spend some extra time on your hobby to make it a profession and further into a business. Photography is one of those hobbies that turned into a profession for numerous professionals. The better the camera and lenses will be, the more enriched the pictures it will capture. Rest all in your precision and skill in taking pictures that will make you a good photographer and earn rewards and money.
10. Yoga Instructor
Knowledge of Yoga and the habit of self-practicing all the ‘Yoga Asanas’ make a good yoga instructor. Yoga is considered to be above all stress buster practices and has proven results worldwide. Yoga instructors are well-paid and in high demand in India, as well as abroad. 100% knowledge and nominal investment is required to start this business.
11. Wedding Bureau
Weddings are made in heaven but arranged down here. Besides marriage online portals, wedding bureaus are more prevalent in small cities and towns. Families consider meeting other families in person before coming up with any decision. Therefore, small office space, 1-2 staff members, a registration certificate, and contacts can make you a successful businessman.
12. Tour Operators/Travel Agency
A couple of certifications and an attractive office at a prime location can help you start and run a travel agency or to become a tour operator. A successful travel agent is one who can make others travel at ease and convenience for its customers. Good knowledge of domestic and worldwide itineraries, sightseeing, flight fares, and hotel rates, can be really helpful.
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13. Salon/Beauty Parlour
Opening a salon or beauty parlor is and has always been the most trending business option in metro cities. The youth of young India is more cautious about looking presentable and groomed. Therefore, almost every salon has decent customers irrespective of location. Salon owners make huge profits during festive or marriage seasons, especially in metro cities.
14. Real Estate Office
If you are a good salesperson with knowledge and strong convincing power, then this business can turn your financial condition for good. Office space with a good location is the only investment required with experience/knowledge of types of properties and documentation processes. Honest public relations and impressive communication will help you become a successful real estate agent/broker/builder/financer, etc.
15. HR/Recruitment Business
Human Resource (HR) is an integral and important vertical in an organization and good recruitment makes a company grow and grow further. So having tie-ups with reputed organizations and placing good employees with them makes it a low-cost placement business.
16. Ice cream Parlour
Despite being a seasonal business, still, ice cream parlor is a big hit in terms of small businesses. Investment required in doing this manufacturing business is buying the franchise of any specific ice cream brand and secondly having a shop to place the counter in the desired location.
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17. Retail shop for Arts and Handicrafts
The Government of India has started promoting the sale of handicraft products in numerous cities and states. Steps are been taken to make handicraft products reach every home in India. Some of these products include metalware, paintings, shawls, carpets, woodware, earthenware, embroidered goods, bronze and marble sculptures, etc.
Also Read: What are the government loan schemes available for small scale industry setup?
18. Coaching/Tuition Classes – Online/In-person
Education is a field of diversity and a good low-cost business idea. Financial break-even is easily achieved and it’s not a full-time business.
19. Counselling/Consultancy Services
Almost every sector requires consultants to assist in its development and growth. People with decent knowledge of IT, finance, marketing, HR, accounts, law, healthcare, social media, etc. can open their own consultancy company and tie up with big corporates to make good money.
20. Boutique
One of the traditional small-scale businesses of the nation. Women who like stitching clothes and are updated with the latest fashion trends can run a boutique store anywhere. The boutique store can be managed from home itself and the only investment required is the sewing machine with apparel to sell.
Read Also: 7 Small Business Ideas & Opportunities for Housewives
21. Catering Business
Catering business requires investment in just hiring labor, buying raw materials, and owning tents, tables, chairs, and utensils. The rest depends on your contacts, marketing techniques, and the quality of the food being prepared and served.
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Also Read: 5 Leading Business Loan Options for Women
Low-Cost Small Business Ideas – March 2023
Let’s further discuss some low-cost business ideas for start-up companies and first-time business owners.
- The most popular idea among the low-cost business ideas for start-ups is a business related to the food and beverage industry that is already on a rise, especially in the metro cities
- According to the studies and research, many food start-ups are running along with the help and collaboration of food delivery giants, such as Swiggy and Zomato
- The development of marketing strategy especially with the help of social media and digital markets is important for the success of such small-scale food start-ups
- The government and the financial institutions provide all the required financial assistance for the start-ups along with flexible repayment options
- Another lucrative idea among the low-cost business ideas for start-ups is the fashion accessory and clothing business which has a great potential for earning high volumes of income due to the high level of accessibility
- The idea is especially ideal for young women fashion designers and aspirants who inherit the desired knowledge and experience in the field of fashion and clothing
- Design, if it starts getting a fair amount of responses can be manufactured contractually to become a hit across the global markets with the partnership of e-commerce giants, such as Amazon, Alibaba, e-bay, Walmart, Flipkart, etc.
- Another attractive idea from the low-cost business ideas for a startup is an agriculture start-up especially the setting up organic fields for growing organic fruits and vegetables
- The market studies prove that after the rise of grocery delivery companies, such as Big Basket and Grofers, agriculture has become a lucrative business to earn a decent income.
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All the above-mentioned small businesses can be started and managed in leading metropolitan cities like Delhi (Gurugram, Faridabad) Chennai, Mumbai, and Kolkata, and other Tier 2 and Tier 3 cities, as well.
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20 Best New Business Ideas in India for 2022
Written By Aditi Vernekar Febraury 19 2022
It could be difficult for aspiring entrepreneurs to find the Best New Business Ideas in India for 2022 for starting any new business. Because of several causes such as government stimulus, international commerce, and a strong developing and evolving economy, Indian businesses are continually seeking growth in a wide range of fields.
It is therefore always recommended to investigate as many possibilities as possible and then, based on your present financial situation, demographics, local demand in the same sector, knowledge, and experience, select the viable option that meets all of your needs. With a surge in technical advancement and inventiveness, you can establish a franchise business quickly. It's merely that certain tasks necessitate the acquisition of specialised expertise. Some businesses can even be run from home, while others may necessitate the leasing or renting of a small space.
6 Things You Should Keep in Mind Before Starting a Franchise Business
- Market research
- Track the brand
- Investment cost
- Competition
- Training and support
- Restrictions
The below listed should cover all these points -
1. Market research
Understanding market components and demand is a necessary first step in launching any business. You can choose from a variety of franchises and other business opportunities. You must consider criteria such as your budget, location, interest, eligibility, and others.
2. Track the brand
There are numerous brands that are available for franchising. Conduct a comparative analysis of all such brands, tracking their track record, actual and anticipated growth, value, and market reach. The fact that a company is available for franchising does not imply that it is a successful brand.
3. Investment cost
You must first comprehend your financial capacity before entering into any franchise agreement. The first step is to figure out how much money you'll need to start your franchise. Purchase and inventory costs, premise costs, employee costs, marketing, and other operational and capital expenditures would all be included in the expenditure.
4. Competition
Every company has a rival. In the market, a well-established, strategic business is easier to manage. Analyze and comprehend your target audience's expectations before selecting a brand that will aid in the growth of your company and its name. Before selecting the proper firm, it is advisable to compare several brands and their competitors.
5. Training and support
Consider franchises that provide crucial training and guidance. They train you in accordance with the brand's specifications, providing thorough instructions and support. Inquire about the amount of assistance you will receive, the level of experience provided by other domain professionals, and the level of assistance provided by the franchisor when necessary.
6. Restrictions
There are restrictions and regulations that come with franchises. Prior experience and expectations must be followed to develop brand rules. These rules are used to assess the brand's standard, which includes items, prices, and locations.
You now have a basic concept of what the prerequisites for beginning a franchise are and it is evident that operating a franchise business will come with its own set of unique problems. So let’s look at the upcoming business ideas in India for 2022 -
List of 20 Best Business Ideas in India for 2022
Healthcare Franchise
Retail Franchise
Consultancy Franchise
Food/Restaurant Franchises
Beauty Salon Franchise
Pet Store Franchise
Logistics Franchise
Fitness Franchise
Educational Franchise
Pre-school Franchise
Automotive Franchise
Clothing Franchise
Jewellery Franchise
Beverage Franchise
Dealers Franchise
Distributors Franchise
Ice Cream Franchise
Entertainment & Leisure Franchise
Hotel Franchise
Manufacturing Franchise
Read detailed information below
1. Healthcare Franchise
Health care franchise systems have been in existence for decades, and these systems continue to grow and adapt in order to sell a wide range of healthcare-related products and services to customers. Given the rise and success of health care franchises, some business owners are considering franchising their healthcare-related operations. So, if you want to start a franchise in this highly profitable industry, go to the Franchise Bazar website, where you may find a variety of profitable opportunities.
2. Retail Franchise
Retail franchising gives entrepreneurs the experience of operating a firm while avoiding some of the common mistakes that startups make. By utilising a proven system of operations, your business is much more established from the start, and you can rely on assistance and advice from the franchisor and other franchisees to help you through difficult times. Retail franchising can be a wonderfully gratifying experience for those who enjoy the independence of entrepreneurship yet thrive on working as part of a team.
3. Consultancy Franchise
Franchise consultants are experts in the franchise industry as a whole, and they can assist those lacking expertise with learning and discovering more about the business. Working with a franchise consultant, whether you are a franchisor or a franchisee, can help accelerate the process of starting a new franchise with a skilled owner at the head. You can sign up to become a franchisee of Franchise Bazar, one of India's leading consultancy franchises.
4. Food/Restaurant Franchises
Franchisees are investors who have purchased the right to use a brand of the restaurant franchise. Franchisees are responsible for managing and running their restaurants on a daily basis. Franchisees receive support, marketing assistance, and a proven restaurant concept in return. This is an evergreen, reliable and profitable sector for new entrepreneurs to franchise in if they have a knack for cooking food.
5. Beauty Salon Franchise
There has been a considerable change in the way it works, ranging from industry size and trends to consumer expectations and demands. According to Technavio, the salon industry would increase at a CAGR of 27.07 per cent between 2013 and 2018. As a result, Salon franchising provides a fantastic opportunity for the franchisee to gain access to a brand that is trusted by numerous consumers.
6. Pet Store Franchise
A pet store business could be great for animal lovers who are creative and enterprising. In addition to the joy and emotional gratification of interacting with a clientele of furry, beaked, and feathered creatures, a pet store may be a very profitable company. The pet store industry is one of the most satisfying jobs since it both meets your financial needs and provides you with a great feeling.
7. Logistics Franchise
Due to the pandemic of Coronavirus, the logistics sector has become the largest contributor to the Indian economy. The need for logistics company franchise enterprises remains high, as many retail organisations have gone online, restaurants have converted their dine-in ideas to online ordering and delivery, and so on. To have attractive logistics franchise chances in the future, franchise chains should keep ahead of the curve and incorporate IT specialists in the development of their organisation.
8. Fitness Franchise
The majority of fitness franchise owners are fitness enthusiasts. Owners manage the business and instruct students or trainers, either initially or on a continuing basis, in several franchise business models. Gyms, fitness studios, and group sessions that take place outside or in rented venues such as community centres are all part of the fitness franchise business. Fitness franchises that specialise in a specific type of exercise are springing up as quickly as new exercise methods are developed.
9. Educational Franchise
A quality educational franchise in India provides you with a readymade and proven system, along with the necessary compliance requirements. It is impossible to dispute that education franchises are often quite effective in terms of earning experience and expertise while also working with a well-known brand. So, if you want to learn more about franchising and earn a higher income, you may consider purchasing an education franchise.
10. Pre-school Franchise
Investing in a preschool franchise in India is a lucrative alternative for those wishing to start their own business. Indeed, the preschool education market is expanding at a rapid pace, which will eventually open the door to new options for prospective franchisors. Because the segment has fewer legal constraints and requires less infrastructure, the industry is poised to emerge as one of the successful education business possibilities in the near future.
11. Automotive Franchise
You are a member of the automotive aftermarket if you own a franchise. This market encompasses all transactions involving autos once they have been purchased. The automobile aftermarket is dominated by repairs and replacement parts. Owning an automobile franchise might be quite profitable. The numbers all appear to be in your favour, so if you work hard and choose the correct franchise to buy, you should be able to make money.
12. Clothing Franchise
Clothing franchises can generate a lot of money if they are strategically positioned. Marketing is an additional aspect of their success. If you buy a reputable brand, you will be able to avoid both of these issues. Franchise requirements for clothing franchises may vary from brand to brand. It's a clever strategy to expand quickly because it's a capital-light model.
13. Jewellery Franchise
Jewellery is an important purchase for a customer; they will not buy any Jewellery they have never heard of or seen before. For them, the brand name and trust are more important than the design. Having a Jewellery Franchise of a well-known brand will assist you in bridging the trust gap with your customers and making the transaction easier.
14. Beverage Franchise
Prospective franchisees desire to invest in a trendy and popular food and beverage franchise. Along these lines, every business has its own distinct personality and beliefs - this is especially true in food and beverage franchising, where culture frequently influences menus, training and support programmes, customer service, and much more.
15. Dealers Franchise
A retail distributor is another term for a dealership. It is comparable to a distributorship, except that a dealer typically sells only to the general public. A potential dealer will receive, as with other franchise firms, a product or service with a proven market, the ability to utilise trademarked names associated with the products or services, an accounting and inventory system, a marketing plan, and the opportunity to purchase and promote in bulk.
16. Distributors Franchise
As a distributor, you are capable of selling the products of another manufacturer. However, you cannot use the manufacturer's name or trademark as part of your own marketing campaign. The contract may also require the distributor to sell solely the items of that company, rather than marketing diverse products and services from different companies.
17. Ice Cream Franchise
Ice cream franchises have long served a sizable portion of the commercial confectionery market. They provide a variety of ideas for serving various types of desserts. Choosing a franchise and a well-known brand name is an excellent option for an entrepreneur wishing to establish their own ice-cream business in India.
18. Entertainment & Leisure Franchise
Owning an entertainment business means making money by providing people with pleasure, joy, and happiness! For entrepreneurs looking to start or develop their firm, the industry offers a plethora of entertainment franchise opportunities. Choose the ideal entertainment franchise for you on the Franchise Bazar website after researching the money needed, offers, models, and values suggested by each entertainment franchise for sale.
19. Hotel Franchise
Hotel franchisees have various options, including creating a new franchise or branding an existing hotel as part of a regional, national, or international franchise. Regardless of the business supplying the franchise, purchasing a hotel franchise entails a set of basic processes.
20. Manufacturing Franchise
Manufacturing franchises involve the manufacturing of items and the sale of those commodities to customers, wholesalers, or retailers. Manufacturing franchises, which deal with both custom and mass production, offer advantageous business options for both large and small businesses.
There are numerous new business ideas in India accessible in a variety of sectors as a result of the significant increase in the number of young people entering technology and positions of leadership, which is fueling innovation and growth. Register here to take a franchise or want to connect with a franchise consultant, head over to the Franchise Bazar ’s website.
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35+ Best Business in India – Most Profitable Ideas of 2022
Last updated on: November 25, 2022 by Kani Karthick
If you are looking to start a business in India , then you are surely looking for the best business in India. Here’s the list of most profitable business ideas you can start today.
India is a land of opportunities. If you are looking to start a new business, there are plenty of options available in this country. The key is to do your research and find the right opportunity for you.
There are many different industries thriving in India, so there is something for everyone.
Whether you want to start a small business or a large corporation, India offers plenty of potential. So don’t wait any longer, get started on your new business venture today!
1. Start selling products online
2. start dropshipping, 3. start a thrift store, 4. sell sustainable clothing, 5. offer photography services, 6. sell homemade beauty products, 7. start exclusive plant nurseries, 8. start insurance agency, 9. start a cloud kitchen, 10. start online tuition classes, 11. offer interior design services, 12. open co-working spaces, 13. offer deep cleaning services, 14. open a pet supplies store, 15. offer cyber security services, 16. become an internet service provider, 1. sell fashion accessories, 2. start branding & social media agency, 3. offer website design & development services, 4. start a home bakery, 5. offer beauty services, 6. start a travel agency, 7. start organic farming, 8. make and sell furniture, 9. become a freelance dj artist, 10. start print on demand store, 11. sell local handicrafts, 12. start a tiffin service, 13. start stitching school uniforms, 14. become yoga/ fitness instructor, 15. sell customized gifts, 16. offer content writing services, 17. make and sell scented candles, 18. open a diagnostic center, 19. sell stock images and stock videos, 20. sell pottery and ceramic wares, best business in india 2022.
Here’s the list of top business in India that you can start in 2022..
The best business in India is an online store. You can start your online store much quicker and with low overhead charges when compared to a brick and mortar store.
When it comes to what you can sell on your online store, that is not a tough question either. You can sell almost anything online , be it handmade things , digital products , retail products, or even fruits & vegetables.
Get started on your online store today, no coding skills are required. Watch this video to learn more –
Further Reading
- Best eCommerce Platforms in India
Dropshipping is quite different from your regular retail business as you do not have to hold an inventory of the products you are selling, nor do you have to ship them to your customers.
Find a reliable wholesaler for your products and generate sales through your online store. When an order is placed in your store, you place an order for the same product with your wholesaler and give them your customer’s address.
Learn Dropshipping in detail from this video –
For the Gen Z and Millennial generation that’s looking for cheap yet trendy fashion, thrift stores are like shopping heaven.
With branded clothes prices reaching the sky these thrift stores provide a great alternative. The best part about online thrift stores is that you can reach out to larger markets at a time.
Check out this video to know more about thrift store-
Sustainable clothing brands offer the exclusive policy of made-to-order, zero waste. These clothing lines are environmentally friendly and easily recyclable.
Due to these features, the clothes cost comparatively much more than the bulk manufactured fast fashion. The material and capital investment required are similar to any clothing line except for the mass production cost.
- How to Start an Online Clothing Store
Pictures are our memories, captured at that moment. By photography, we dont mean the studio jobs, working with stand lights and curtain backdrops.
Photographers are in huge demand for several events like product photography , corporate luncheons, seminars, pre-wedding, baby shower shoots, etc.
People are willing to get their events captured in the most unique way which has paved a way for photographers.
Nowadays, fully natural, home-based beauty products have proven to be pretty skin-friendly and affordable. Many of these products were essentially based on ingredients like turmeric, rose petals, sandal, aloe vera, etc. which are some of the most popular natural ingredients for skincare products these days.
These small businesses have gained popularity and attracted a huge customer base through social media and Instagram stores.
Plant nurseries have been around for decades now. There was a time when only those who were into gardening as a hobby would buy plants. These days, people have gained more knowledge about different types of plants and their importance.
With more and more people buying plants for both commercial and residential spaces, starting a nursery could be highly profitable. You can start a nursery at a low investment and reach out to people through an online presence.
The potential for selling insurance in India is such that many working professionals sell insurance policies as a side hustle. Reports show that insurance is a booming industry.
You can either start out as a freelance insurance agent or start a small-scale agency and hire freelance agents to work for you. Both these options can be highly lucrative and you can make the most of it.
Selling food online is arguably the best business. Thanks to social media, today we can market products with great ease.
If you have a reasonable flair for cooking and a smartphone, nothing can stop you from running a successful business. All you need to have is a cloud or dark kitchen setup.
Tuition classes are an excellent, cost-effective business option that has a wider market reach and gives high profits. All you need is subject matter expertise, patience and time to teach effectively, a whiteboard or a surface to write, and some space.
Today, you can also teach online thanks to video platforms like Zoom and Google Meet, making online coaching a highly profitable business opportunity. The pandemic has helped coaching centers earn huge profits, by transitioning to teaching online thereby cutting down on the time and fuel expenses taken to commute.
Interior designing is a fast-growing business in India. Factors like smart homes, social media influence, and lifestyle changes have led to a huge demand for interior designers. If done creatively and uniquely, this business with low investments could soon yield good profits.
Today, there are multiple short- and long-term courses available online and offline to hone your designing skills. A professional certificate always helps bring more credibility to your business.
Yet another trend that is catching on is co-working spaces. Many start-ups and small businesses don’t have the capital to invest in renting large commercial office spaces. The closest they can be to an office space without compromising on the professional setting is renting a co-working space.
If you have some space, this could be a profitable business opportunity. It is a little high on investment but the returns are equally high. Alternatively, you can also lease out a space and decorate it with office furniture, internet, pantries, conference spaces, and everything that makes working seamless. Once it is ready, you can rent the space to freelancers, start-ups, etc.
It is a hygienic practice to deep clean your living space at least twice a year. However, it is also a very tough job and takes some professional help to deep clean any space, be it residential or commercial.
Offering these professional services will be highly beneficial for both you and your client. To get started, you will need a few people experienced in housekeeping, brooms, mops, vacuum cleaners, and cleaning materials.
Over the lockdown, a lot of people have adopted a furry friend to keep them company. People have understood the kind of value pets can add to our lives, and they are in turn pampering them too.
Curate a range of pet toys, customized collars, leashes, paw socks, etc., and create a business out of it. There is no doubt it will be a huge success. An online presence can be an added advantage.
Cyber security is a very important part of every workspace, and no one can afford to overlook this. Finding talented and trustworthy people to take care of the cyber security of an organization could be a tough task.
If your talent lies in this field, you can start freelancing for multiple organizations. As the demand increases, you can hire a few more talented individuals and turn it into a full-time business.
There is a huge demand for internet and Wi-Fi facilities and this fact is pretty straightforward. You can bring together a couple of technicians and start an ISP agency.
Start by reaching out to people in your locality and meeting their demands. Setting up a new connection, and providing repair and maintenance services will be in your scope of work.
Most Profitable Business in India With Low Investment
Here’s the list of most profitable business in India that you can start in 2022.
Scrunchies, headbands, phone cases, hair clips, mask chains, we can just go on & on! Well, that’s how much the fashion and accessories industry has to offer. The demand for fashion accessories has contributed to the rise of several small businesses that are selling products at competitive prices.
Speaking about the business aspect, the raw material required for these accessories is quite cheap. All you need is some creativity and great marketing skills.
No matter what business one owns, if it doesn’t have a digital presence it’s close to extinction. Social media and branding play a huge role in building any brand’s digital presence.
You can leverage this fact and start a Social Media agency. This domain functions on an absolute WFH culture which helps people to have side hustles with this. It pays off well and is purely skill-based.
With eCommerce leading the way, a website has almost become a must-have for all businesses today. It is an identity for a business and people want it to be unique. In such a case, a web design & development business can be a highly profitable business that finds instant customers.
Companies and businesses have realized the importance of a strong online presence. Therefore, if you can offer these services, you can run a successful and profitable business.
With small businesses taking over the ground during the pandemic, home bakers were one of the most occupied professionals across industries.
From truffle tangles to baked goods like cupcakes, buns and fancy desserts like Tiramisu became affordably available through these home bakeries.
The capital required to start a home bakery is comparatively less and provides good returns. The homely vibe and promise of quality are some of the biggest factors in the success of home bakeries.
Makeup artists, hairstylists, & skincare professionals, all have their own fan base now!
From celebrity makeup and hairstyle looks to just a consultancy session for your skin there are professional services for all.
There are a plethora of courses available in this domain to learn and master these skills, as a result, people are able to deliver miracles through their skills and services.
With an online portfolio, you can have customers reaching out to you for your services from all over the country.
India is a popular tourist destination. According to the World Travel and Tourism Council (WTCC), India ranks 10th in the world for travel & tourism.
This is a business powered by technology and communications which allows people to be spontaneous and make quick travel plans.
You can even tie up with established brands to increase capacity and profits. The higher the qualitative engagement you can provide, the more profitable your travel business will be.
Many people are resorting to a healthy lifestyle to balance out the demerits of the fast-paced life we are all living. Food and diet have started to play a key role with the ‘young urbans’. Consequently, there is a newfound appreciation for organic food.
If you know the basics of organic farming and smart ways to use space efficiently, a terrace garden is all you need to kick start this business.
The organic food business has taken off so much that many Indian brands have already made their way overseas.
If aesthetics is your game, the furniture business might make you a winner! The easiest way people are realizing their dream house is by upgrading their spaces with new and multipurpose furniture.
Thanks to images over platforms like Instagram and Pinterest, people can view a piece of furniture and envision it in their space. This proves that the furniture making business, quite clearly, is in high demand.
If you are at all into music and love playing around with different songs, DJing is the way to go for you.
From nightclubs to family functions, people love to shake a leg to music and have some fun. You can offer to be the DJ to make these special events even more special.
DJing could be a perfect side hustle if you want to do it on a freelance basis. Alternatively, you can hire freelance musicians and start a small agency on your own.
Have you seen those cute couple’s T-shirts that say, ‘I’m His’ and ‘I’m Hers’? Or your friend’s mousepad that is customized with his caricature?
That is what a print-on-demand store is all about. Creating personalized and customized pieces of products like clothing, mugs, mousepads, coasters, wallet cards, etc.
This business could take off pretty quickly as people are more interested in unique and personalized things compared to the mass-produced stuff from stores.
India is rich in culture and heritage, and every state in the country sells something that is locally made. You can find these local handicrafts and sell them online. It will attract customers from within the country as well as internationally.
Start by finding some local artisans who are willing to supply their handicrafts. Click some well-lit pictures of the products and upload them to your online store. Start marketing on WhatsApp and social media! Simple, right?
The food business is one of the most wanted services, and it will never go out of demand. That said, tiffin services offer healthy, home-cooked meals to both students and employees.
You can start this business right from your home kitchen and the maximum investment will be for tiffin boxes to pack the food. You can deliver the food at workplaces and hostels alike.
Nowadays, schools include everything from books, bags, and shoes to uniforms within the annual fees. This means schools would have bulk requirements for stitched uniforms.
With a few tailors and sewing machines, you can get started on this business. Start by acquiring the deal from one school, and as your business grows, you can reach out to other schools in your locality.
With the modern lifestyle comes a lot of stress and unhealthy habits that lead to physical and mental health issues.
People are moving towards a more conscious living and hence the demand for yoga/ fitness trainers has increased. Depending on your investment budget, you can start a fitness class online or offline.
Gone are the days when people preferred generic and mindless gifts for any occasion. Today, people prefer gifts that have a more personalized touch to them.
This demand has given rise to the customized gifts business. Anyone with a creative bone and entrepreneurial drive can get started with this business. Even the art supplies come at very low costs.
Having a professional-looking website is only the first step. Along with relevant content about your business, you also have to publish blogs, articles, newsletters, updates about your business, etc.
The requirement for content writers is ongoing and continuous. You can start as a freelancer or hire a few freelancers and start a content writing agency to offer your services.
The easiest and most beneficial business idea is the one that involves making and selling things from the comfort of your home. There is a range of things to make and sell from home.
One of these options is to sell scented candles. The requirement for scented candles is pretty widespread in homes, offices, hotels and restaurants, spa and wellness centers, etc.
Setting up a diagnostic center may be a little high on the investment side. However, the return on investment is multifold too.
Hence, if you can procure the required budget, you can set up a diagnostic center from scratch or buy the franchise of an already established brand.
If you are interested in photography and videography, this is one of the best business ideas for you. Your investment will include your camera and other gear.
Setting up an online store where people can pay and download your work will be an added advantage. This way, you can reach out to a larger market.
Another business idea that depends on your creativity, making pottery or ceramic ware can be the best option for you. You can personalize these pieces with names, colors, texts, and designs to make them unique.
Market them in such a way that people understand that they do not really need to use these pieces. It can be used as a part of home decor to add some color and culture.
So we have listed some of the best business ideas and profitable businesses in India for you. However, these are not the only viable business ideas.
eCommerce has made it quite easy for entrepreneurs to get started on their business ideas. The most important thing for a business is a professional and credible storefront.
Dukaan offers the easiest way to arrive at a storefront that is well-designed and professional-looking. You can handle your entire business from order management and logistics to marketing and customer service through your Dukaan dashboard.
Do check out other business ideas in different cities:
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November 20, 2021 at 12:23 pm
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71 best business ideas in India 2023 for high profits ✌🏾
GrowthRomeo » Business Ideas » 71 best business ideas in India 2023 for high profits ✌🏾
No one wants to be a slave. And most of the workers are not happy with 9-5, Monday to Friday or Saturday. So, here I’m sharing a list of 71+ best business ideas in India to start your own company in 2022 .
I’ve refrained from including any online opportunities here. If you’re interested in online business ideas , I recommend reading the linked article on GrowthRomeo. That insight has a brilliant collection of online opportunities that you can start just with a laptop and an internet connection. This business ideas collection briefly discusses following best business ideas for India in 2022 :
- Beauty parlor chain
- Coir mattress manufacturing
- Sanitary napkins business
- Detergent & soap manufacturing
- Paneer manufacturing plant
- Palm plate making
- Paper & notebook manufacturing
- CNSL Anti corrosive paints
- Cement concrete tiles
- Ayurvedic formulations
- Disposable syringes
- Gold plating
Towards the end, we have shared a list of best business ideas in India for 2022 with an extra 60+ opportunities. Do check them out as well.
How do we chose best business ideas for India in 2022 ?
The best business ideas are what suits your skills and talent.
A big shout-out to all the companies who do create an environment where individuals can experiment and bring out the best in them. My organization allows me to do that, and so here I’m discussing best business ideas in India 2022 .
The classification of these opportunities as b est business in India 2022 is not in terms of just the impact they might have but also an overall analysis of
- How easy it is to start and sustain that particular business?
- The profitability factors.
- The loan availability to set them up
- Government support
- Export potential
You too shall consider or prioritize the “ease of getting started” while assessing the best business to start in 2022 in India .
On a different note, do explore the insight on upcoming business ideas 2022 . That too has some of the best business ideas out there which will be trending in no time (some are already mainstream businesses).
The best business ideas in Indian cities of Delhi, Pune, Mumbai, Chennai 2022
Here is a comprehensive list of best business ideas in India that you can start in 2022 . I’ve expressed my opinion with a proper analysis of the first few best business ideas in India 2022 with a recommendation of entrepreneur-personality type for whom these would be best for.
This list of best business ideas 2022 India is not sorted in any particular order. So, let’s treat this like a random list. Every business opportunity shared here has potential to be very profitable and scalable. In fact, some could even qualify to be most luring startup business ideas for 2022.
Let’s get it all rolling:
1. Launch a Beauty parlor chain business in 2022
- perm and straightening,
- acne treatments,
- color and highlights,
- freckle bleaching,
- derma roller,
- electron ionisation,
- eyelash extension,
- eyebrow shaping,
- swedish massage,
- manicure, etcetera
then you must consider launching a beauty parlor business as it is one of the best business to start in 2022 in India .
It’s also a good women business idea for 2022 .
Who would better run a beauty parlor business?
In fact, beauty parlor business would suit women in general – normally a middle aged woman but a young girl would be an equal fit. But that doesn’t mean a man can’t start it. For men, the nomenclature would change to Men’s parlor, but still the business remains the same.
It’s among the best business ideas in India 2022 from the investment angle as well, and it’s pretty easy to start this business .
- You can start this with a capital investment of only 3-5 Lakhs.
- If you do not have the skills, you can go for a 6 months diploma course in beauty niche and run a beauty parlor business like a seasoned entrepreneur.
How to raise initial funds for opening a beauty parlor business ?
Consider taking business loans under Mudra scheme from Govt of India , if you need financial assistance. In states like Bihar, if you’re a woman than you may get loan at very low rates, as the state government is pushing for woman entrepreneurship. Take a look at business ideas in Bihar 2022 list as well.
Location wise, beauty parlors will do much better in crowded Indian cities than in rural India . I would recommend opening it near a high density residential location. If you’re someone from rural India and want to start a business there itself, you may visit village business ideas 2022 collection. Starting a beauty parlor is the first easy & simple opportunity in this best business ideas in India 2022 collection. Continue exploring for more brilliant business opportunities.
2. Coir mattress is another best business in India for 2022
- Duroflex, a brand from Kerala was started with an initial investment of only 3 lakhs and it is now a 500 crore business .
- Similarly, Freshup mattresses is showing a 38 crore revenue.
- Century mattresses, Restolex, etcetera are some other brands that are doing pretty well in the mattress business niche.
Start a Coir mattress business
You too can start a mattress manufacturing business. It has very less competition and a wide market. So, I considered adding this to the list of best business ideas in India 2022 because of the low competition and huge market size.
Also, it is a product which is in demand all throughout the year. But marketing is going to be more crucial for these businesses than the product itself. I can’t recall but there was a business paying 9 Lakhs to just sleep on their mattresses. Yes, that was the role. Sleep 8 hours on mattresses and take home 9 Lakhs per year. More of a marketing gimmick, I guess. But a good one. No?
Mattress business inspiration & strategy
Anyway, if you too find mattresses opportunity as the best business ideas to start in India in 2022, then Duroflex is a good case study to read before you start a mattresses startup of your own .
No, it’s not late.
The Indian mattress industry is just opening up.
To start a mattress retailing business, you can focus on both tier 2 and tier 3 Indian cities. And if you are thinking of starting a export business then Rajasthan, Hyderabad, Ahmedabad, Varanasi, Chennai are some of the good Indian cities to consider. All these Indian cities have equal potential for the mattress business opportunity. You can source from these business manufacturing hubs and export from Delhi, Kolkata, Bengaluru, Chennai, etcetera.
So, that was the second in the collection of best business ideas in India 2022 list . You can also checkout our collection of unique business ideas .
3. Sanitary napkins industry: best impactful business idea in India 2022
- best low investment business ideas,
- a few high investment business ideas,
- good number of highly profitable business ideas, and
- it would also cover some of the business niches that people generally tend to overlook but which has huge revenue and profits potential.
To deliver on that promise, I added sanitary napkins as one of the most impactful business ideas for India in 2022.
Why sanitary napkins business would excel?
- Because it’s a one-time use and through product ,
- the recurring customer revenue is good for the business.
- The demand is there all throughout the year.
- And almost 50% of the population in any country is a target customer base.
Now, I believe you too feel that yes it deserves to be among best business ideas in India 2022 list 😀
Who is best suited for sanitary Napkin business idea?
- Sanitary napkin business idea would suit both men and women.
- It can be started by anyone in the rural India as well.
- Tier 1 or 2 towns in India are equally good to start sanitary napkin manufacturing business, but they are more suited for large scale sanitary manufacturing businesses .
- In villages, you can do it at a small scale with low investment.
Sanitary napkin business investment
Recent advancements in technology allows you to set up a small scale sanitary business by barely spending INR 15,000 as the principal investment. The profits can be in multiple lakhs a year if you scale and sell all the napkins that you produce.
To summarize, consider the following facts that made me choose this as best business ideas in India 2022:
- anyone can start this business in villages or cities of India
- it can be started with low investment,
- huge customer base size,
- year long recurring demand,
- its scalability potential,
- job creation potential, and most importantly
- its impact on the health of a woman,
Find more upcoming business ideas . Or continue exploring this list of best business ideas in India 2022.
4. Detergent powder and soap making business ideas
- Online-focused household products firms are seeing stupendous growth in recent years.
- Puracy and Truman’s success has been remarkable over the past few years.
- You too can start a d2c cleaning and surfactants startup business – sell it using your online ecommerce website or register as a partner on online selling websites like Amazon, Flipkart, Aliexpress, etcetera.
Why is this opportunity on the list of best business ideas in India 2022 ?
This opportunity might not appeal to everyone, but I wanted to keep this best business ideas in India 2022 collection as diverse as possible so that all sort of entrepreneurial personalities can find a suitable opportunity for themselves.
Remember, I said in the beginning of this article, what’s a best business idea for you might not be the best business idea for someone else. To me, all businesses are great if they are targeted at serving the world. And this opportunity is no different. It solves the pain of cleaning clothes – a saver for billions of housewives and bachelors, and gentleman who takes care of their smelly wardrobe.
Different processes in detergent manufacturing business
Detergents are manufactured in 4 simple steps –
- Saponification,
- Glycerine removal,
- Soap purification,
Okay, not that simple process.
The detergent manufacturing business idea would need a little higher investment than the previous best business ideas in India that we have discussed so far. This opportunity demands installation of machinery including Ribbon blender, Screening machine, Conveyor and packaging machine, alongside several others.
How to approach detergent business opportunity?
You can start detergent and soap business project at a small scale in a commercial building. If you don’t have your own commercially registered place – you can either get the license or you can rent out a new place. First option would be cheaper in the long run. Overall, it is one of the common and best business ideas in India for 2022, especially for those who are from chemical engineering background. This business idea is covered in detail in the blog on manufacturing business ideas.
5. Paneer manufacturing- best dairy business ideas in 2022
Anyway, let’s avoid the negative vibes and celebrate the entrepreneurial energy!
How to properly approach paneer business ideas in India in 2022
Paneer manufacturing is a profitable dairy product business idea in India . It is in huge demand (of course, not me). This business opportunity is more suited for people in the sub-urban Indian towns and villages.
Properly trained men and women can do well in the paneer manufacturing business in India . This is one of the best FMCG business ideas that can be scaled to multi-crores in revenue if done on a large scale in 2022. I know of a paneer manufacturing plant that’s coming up in the Dalsinghsarai region of Bihar in 2022. It’s by a large UP-based dairy business enterprise.
Are there any more branching opportunities from this business idea?
By the way, a side business idea that can be pursued with paneer manufacturing is whey protein powder manufacturing business. Now that is one of my favorite business ideas to start in 2022, as-
- India is evolving fast as a fitness-pro nation.
- To start whey protein powder manufacturing business, i nitial investment could be somewhere between 3-5 lakhs depending on the scale of your business.
- It’s suitable for people who are apt in networking, operations, and people management.
And for the above quoted reasons, Paneer manufacturing & protein powder extraction business together, as a combo, are the best business ideas in India to start in 2022 (even if you hate paneer more than I do).
Find more business ideas for villages and rural areas in India, USA, UK .
6. Palm plate related business ideas in India 2022
Where to start palm plate businesses in India ?
- The manufacturing plant for this palm plate which is made from Areca Palm Tree leaves would be best if set up in Assam .
- Assam is a north-east state in India with high cultivation of Areca Palm Tree.
CSISAC scheme and palm plate manufacturing business
- CSISAC scheme can be of financial help if you decide to venture into the palm plate manufacturing business ideas in India in 2022 .
- The total initial cost of the project would be around 10 Lakhs if you decide to produce around 3 Lakh sheets per annum , and
- An operating revenue of 3 Lakhs would be required to pay the employees and to source raw materials.
We need to promote green businesses like this one if we want a cleaner and safe environment in the long run. Let’s be responsible, be human and support green businesses. Of course, the huge positive impact on environment, the support coming in from various schemes, and job creation potential makes this a clear fit into the best business ideas in India 2022 collection.
7. Paper & notebook business ideas in India
I get it, and this frustration is all good. We must develop the habit of questioning hypocrites (esp businesses, celebrities, & politicians).
But before you judge me, read the idea. I’m not asking you to cut down trees.
I’m asking you to recycle the paper that’s already in the market and make fresh sheets out of it for school use. Prolly, you can also plant a seed for every 100 copies sold. Happy-happy deal? Great!
This paper manufacturing business idea also falls under the recycling business ideas , and environment friendly green business ideas . Do research more about these, if you’re interested in the recycling business. Recycling startups are another niche which is highly profitable and impactful as well, but these are often not into the limelight and many do not know about the related opportunities. So, added this to best business ideas in India 2022 collection, to create awareness.
Word of caution for choosing the right business ideas
Note: Now as I said two times already, the best business idea for me might not be the best for someone else. And the worst business idea for me (animal killing/poaching businesses) could be very interesting to someone else. I request you and everyone else to only pursue business ideas that take not just us but the entire humanity forward towards a sustainable progressive life without harming any being. Avoid business opportunities that involves killing of animals or animal torture (not sure, if dairy can be counted as torture as well). Just an appeal. You can take it, or ignore it.
On that note, paper recycling and manufacturing business is best suited for people with good initial investment i.e., around 15-20 Lakhs, and preferred location would be near to international sea/air cargo ports.
8. CNSL Anti corrosive paints business idea
- Cashew nut shell liquid (CNSL) oil is an organic product which is processed & polymerized into resins to use it as coating materials.
- The product is available in ample in the cashew industry as a byproduct.
- Also, CNSL anti corrosive paints are in high demand in coastal areas with lot of marine vessels and fishing boats.
- You may find it useful in the structural applications as well.
- The project at a large scale with production capacity of 60+ metric tonnes would need an investment of INR 50 Lakhs.
9. Cement concrete tiles business ideas in India 2022
- Proportioning
The cement to aggregate ratio should not exceed 1:6, and that of cement to water ratio should be 0.64. This is one of the best business ideas in India for 2022 if you wish to start in the real-estate sector. This opportunity is a very small one, but the market demand is high esp for footpah, pavements, washrooms, floor covering tiles etc.
10. Ayurvedic medicine formulation business in 2022
- India is believed to be the mother of Ayurveda.
- Products like Ashokarista, Sitopladhi, Chyavan Parash, and Mritasanjivani are quite popular among the masses to maintain a good health and to organically treat a lot of medical conditions.
- Ayurvedic formulations are either plant derived, called Kashtausadhi, or it is metal and minerals derived which is called Rasausadhi.
- Plant based organic ayurvedic drugs can be extracted from the the plant leaves, root, trunk, flower, fruit, or sometimes the entire plant itself.
How good is the Ayurveda business idea ?
To promote Ayurveda related best business ideas in India , esp Ayurvedic medicine production units, the government of India has setup Indian system of Medicine and Homeopathy . Find more details about this on their dedicated website. With rising adoption of alternative medicine, and with growing dislike for the allopathy, the opportunity for marketers is huge. You can easily setup this business by investing in INR 36 Lakhs in the first year. The breakeven point is at around 70% – 80%.
11. Disposable syringes manufacturing business India
- For setting up a plant to produce around 50 Lakhs disposable syringes per year, you would need a capital of minimum 3 Crores.
- The costs per syringe might appear low, but it’s because the raw material for it is entirely plastic.
- These syringes are in high use within the medical and veterinary sciences.
Brief overview of manufacturing and supplying disposable Syringes in India
Here is what goes into getting started with disposable syringes business ideas in India in 2022:
- With the use of molding machines (for injection), polypropylene is molded into syringes.
- And then, the syringes is assembled with niddles on a automatic assembly unit.
- Post sterilization with ethylene oxide, these niddles & syringes are blister packed to get shipped to the market.
Now, why I have this among the best business ideas in India 2022 collection? Umm.. maybe because Covid accelerated the demand for this product. Prior to Covid, AIDS fear was one of the major accelerators.
12. Gold plating business ideas for India 2022
Gold plating on Jewelry, hand bags, metallic optical frames, watch cases, and other fancy goods are some common use cases that are related to this opportunity. Other than decorative uses, it also finds application in industrial use cases, especially in electronics. For example, printed circuits, transistors, heaters, calculators., etcetera. Gold plating business idea in India can be started with a capital investment of 20 Lakhs. If this interests you, feel free to ping for business incorporation and tax filing services.
Not the end.. list of best business ideas for India continued..
As a recap, until now we have discussed 7 best business ideas to start in India in 2022 .
One of these ideas, specifically speaking, the ‘beauty parlour’ business idea is region agnostic. It’s fit for starting anywhere in India. You can start beauty parlours even in villages. But parlours would rake in high profitability only in metro cities. I feel so. Palm plate manufacturing is best to start in the northeast region of India. Paper notebook recycling can be ideally started in Indian cities near to ports. You can start sanitary napkins, and coir mattresses in tier two towns of India. And lastly, you can start paneer manufacturing in the dairy focused villages and nearby towns across India.
The way forward to starting a business in India..
Many of these can be started with low investment. Detergent & paper recycling may need a bit of high investment. Overall, the list has something for almost everyone.
But isn’t just 7 business ideas too less? I too think so. Anyway, I’ve curated a list of another 60 best business ideas. Find them below. Not explainig them in detail for the brevity of this insight.
Explore these best business ideas 2022 collection, and let me know which one you are starting in the near future.
So, on a high level we have covered pan India opportunities. There are plenty more business ideas that you can pursue. Feel free to explore all the business ideas on GrowthRomeo.
Complete list of Best business ideas to start in India , 2022
Below, you’ll find 64 more best business ideas that you can start in towns and villages of India in 2022. I shall add links to all these businesses as and when I express my opinion about them. If you don’t find links, feel free to Google these ideas.
- Start a papad manufacturing business
- Make pickle and sell it online in branded packaging
- Setup ready-made quality garments stitching business
- Launch a footwear manufacturing business
- Open an exquisite furniture manufacturing business
- Set up a large scale agricultural equipment manufacturing business
- Consider opening a high investment nuts, bolts, washers, rivets business
- Open a computer assembly business with low investments
- Set up a tomato sauce manufacturing business
- Launch a flour mill business in Indian village
- A low investment mustard oil mill business
- Start a crockery business
- Start a cement business
- Start a ceramic based businesses
- Open a glass based businesses
- Consider starting an anti corrosive paints business
- Launch auto tubes and flaps business
- Printing and Ball pen ink manufacturing business
- Start a menthol crystal selling business
- Manufacture disposable syringes
- Make ECG paper and sell them to b2b clients
- Start providing gold plating on metallic optical frames & jewelery
- Get into mosquito nets manufacturing business
- Provide textile screen printing services
- Open a store to retail kids garments
- Wrought iron furniture business
- Domestic stove retailing store
- Automobile silencers parts manufacturing
- Computer spare parts wholesale business
- Electronic weighing scales distributorship
- Sell electronic burglar alarm system for Automobiles
- Loud speakers online store
- PVC cable store
- Electric furnace business
- Canned mushroom packaged food business
- Soya products based business
- Peanut butter manufacturing and distributorship
- Noodles making outlet
- Packaged drinking water distribution services
- Bakery business
- Coffee beans and tea leaves export business
- Steel forging, Iron casting venture
- Nickel alloy wires and cables manufacturing
- Gym equipment showroom business
- Cycle store for kids and adults
- Car showroom
- Franchise business consultancy
- Education and training institutes
- HR & Talent services for non STEM students
- Digital services business like online marketing and affiliate sales
- E-commerce business to sell products online
- Cleaning services like car cleaning, office cleaning and sanitization.
- Book store business for non-fiction
- Online businesses like banking services, or online darshan services
- Entertainment and creative businesses
- Get into honey processing, bee-keeping
- Extract groundnut oil and sell it
- Mineral grinding business
- Fruit jams, squashes & cocktails business
- Warehouse business
- PG Business
- Hotel & restaurant chain services
- Lead generation services
- Data analytics business
Still not satisfied…. need more business ideas for India ?
GrowthRomeo is always happy to bring more best business ideas for you and your peers and family members too.
It’s truly blissful to be part of growth journeys. If you were not able to find a suitable business idea in this collection than you must head on to a mega collection of 277 business ideas list for India in 2022 . You’ll definitely find something in that business ideas list.
I partner with new businesses to help them grow their businesses with organic and paid growth channels.
If you need business loans, insurance, etcetera we have curated resources on that too for you.
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Nishant is a content marketing consultant for startups & SMEs. He writes about MarTech & business growth. Also an avid book reader, skater, pyjama lover, and traveller.
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- Manufacturing
20 New Manufacturing Business Ideas With Low & Medium Investment
Are you looking to break into the world of manufacturing business, but don’t have the money to invest? Don’t worry, there are several great manufacturing business ideas that require little or medium capital. With some creativity and hard work, you can create a viable business with low start up costs and potentially high profit margins. In this article, we’ll explore some of the most popular and profitable manufacturing business ideas with low and medium investment options, so you can get started on your own journey to business success.
Initially, these businesses requires you to setup a small manufacturing unit which shall cost you between 10 lakhs – 20 lakhs of initial investment. Some of the ideas discussed below can be started in 3 – 4 lakhs.
It is the fact that growth in manufacturing sector is exponential. You can easily scale your manufacturing unit with proper business planning. Also, the cost of labour is relatively cheaper in our country. All these advantages together contrive to build up a potential ground for the growth of business and if all goes right, you will see your business grow into new heights within a short span of time.
The most profitable states for manufacturing business startup in India are Gujarat, Karnataka, Maharashtra, Tamil Nadu, Uttar Pradesh, and Haryana. Other states that are also attractive for startup manufacturing businesses include Telangana, Andhra Pradesh, West Bengal, and Rajasthan.
List Of New Small Scale Manufacturing Business Ideas With Low/Medium Investment
1. optical frame manufacturing.
Manufacturing of optical frame, wooden sunglass frame and any kind of specticals frame is growing in very fast pace in our country. The process of manufacturing is very simple and you need to get a machine for that. You could import machinery from china, cost of manufacturing machine is around 3 lakhs to 5 lakhs INR. A plastic frame weighs 15g, this means that raw material cost is Rs 30. Screws are added manually or with the help of machine and after that printing is done if required. The total cost of manufacturing of plastic frame is around Rs 150 – Rs 200 including labour charge. Similarly, a glass frame would cost around Rs 200 – Rs 300.
2. Protective Packaging Materials Manufacturing
With the advent of e-commerce in India, demand of protective packaging materials such as thermocol sheets and air bubble sheets have increased a lot in last five years. The process of manufaturing is very simple as compared to other and it is done with the help of machinery. The cost of machinery is under 5 lakhs INR. You can easily setup protective packaging materials manufacturing business unit in under 10 lakhs of initial investment.
3. Packaging Box And Cartons
Packaging box and cartons also comes under protective packaging materials but it has very wide uses in our daily life. The cost of manufacturing machine is between 5 lakhs – 20 lakhs INR.
4. Agarbatti Making Machine Manufacturing
Market price of agarbatti making machine in India is between 75000 to 2 Lakhs, but the cost of manufacturing of agarbatti making machine is less than 50,000 INR. Sure shot profit of 30,000 – 60,000 is here. You can start with assembling agarbatti machine easily because all spare parts are available in Indian market. You can start this small manufacturing business under 5 lakhs of medium investment.
5. Agarbatti Making
You can also step into agarbatti making business or raw agarbatti production. Profit margin in this business is Rs 10/kg. You can easily produce 100kg raw agarbatti in 10 hours with 1 high speed machine. You can setup this small scale agarbatti making business in less than 4 lakhs with one machine. Read more
6. Towel Making
I have witnessed the success of my own friend in this business. He lives in Surat, he started with one machine and now he is successfuly running his manufacturing unit with more than 50 machines in less than 4 years. Cost of one towel manufacturing machine is between 5 lakhs to 20 lakhs, cost is dependent on machine features and quality of towel it produces.
7. Cell Phone Case Making
Use of cell phone case has increased drastically, it provides safety to cell phones. Manufacturing of cell phone case is very profitable opportunity. The cost of manufacturing one simple plastic case is under Rs 30 and market selling price is Rs 150.
8. Disposal Cup/Glass Making
In this manufacturing business, you can start production of disposal plastic cup and disposal paper cup. The cost of machine for plastics cup is less as compared to paper cup.
9. Customized T-shirt Printing
Customized T-shirt is now in trends these days. You could start your own T-shirt printing business from your home with the help of t-shirt printing machine. Setup your online store in websites like Amazon and Flipkart then start taking orders of your customised T-shirts.
10. Tissue Paper Making
You cannot deny the fact that the use of tissue paper is everyewhere, whether it is restaurant, small cafe, coffee and tea stall or a small bakery. Start manufacturing of tissue paper and market your product in these places. Cost of tissue paper making machine is under Rs 5 lakhs. You could initially start with small scale manufacturing and after that their is huge scope to grow your business. This manufacturing business comes under medium investment manufacturing business ideas. Read more
11. Jute Bags Making
Jute bags comes under manufacturing business with low investment. You can start this small manufacturing unit from your home with 2 or 3 labours initially. The process of jute bag making is very simple. In this business, you need two machines, one is for cutting and one is for sewing. You can start this business in less than 2 lakhs.
12. Computer Stationary Products Making
You can step into this business for manufacturing of mouse pads, computer covers, keyword covers, etc. Supply your product to your local computer stores and make good profit with this venture.
13. Electric Wire/Cable Making
This is very profitable business but require more investment as compared to the other ones. With the increase in construction work across the country, the demand for electrical wires is increasing day by day. Try to start small and create a brand from the very beginning.
14. Sewing Threads Making
This business does not require much investment if you want to start small. Again, the market for this threads making is huge and anyone can enter with their own products.
15. Zips/Zipper Manufacturing
You can manufacture two types of zippers, one is plastics zippers and other one is metal zippers. The raw materials used in metal zippers are stainless steel, brazz, aluminium, etc. While in plastic zipper, we use nylon or polyester. Manufacturing process is simple with the help of machines and cost of the machine is under 4 lakhs in India.
16. Home And Office Furniture Making
Wooden furniture manufacturing is not much expensive at all, what you all need is experienced carpenters with amazing innovative skills. Initially, try manufacturing of office tables, counters and chairs because it will sell easily in small office and shops.
17. Aluminium Railings For Home And Office
This is trending business now a days even in small cities. The manufacturing process is not much complex and can started with some good investment.
18. Bottled Drinking Water
Setting up a small scale bottled drinking water plant can be done with initial investment of 5 – 10 lakhs. Market is huge in this business and it will also run successfully in small towns because everyone is more concerned about drinking water now a days. You can also supply 20 litre water container in every house and shops in your locality. This is very profitable business with nearly one time investment.
19. Packaging Aluminium Foils
As we all know that majority of aluminium foil manufactured is used to wrap food at home or in food store. The demands are very high in Tier 1 and Tier 2 cities. It is manufactured with the help of machines and cost of one automatic machine is between 1 Lakhs – 2 Lakhs with production capacity of 30 – 40 units in a minute. Manufacturing process is very simple and straight forward. This business cost little to start with good returns.
20. Luxury Candle Making
Scented colorful candles manufacturing is trending these days because of its growing demand in every area. It can be used for decoration purpose in wedding party, birthday party, etc. You can also supply candles to restaurants also. Manufacturing of candles is done with the help of machine which is easily available in Indian market.
Conclusion:
Starting a new business can be an exciting and rewarding experience, especially when you have limited start-up funds to work with. Cautious planning and research are the keys to success when starting a manufacturing business. With the right combination of products, resources and entrepreneurial spirit, you can start a profitable manufacturing business with a low investment. The 20 manufacturing business ideas listed above are only a few of the many opportunities available for aspiring entrepreneurs. With the right approach and dedication, these ideas can turn into a profitable and life-changing venture.
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please send me the details of cell phone cover making and disposal glass making
Towel making & zips
Please send me information on towel manufacturing especially info on raw materials.
Pl. send details for Jute Bags Making plant
please send me the details for disposal glass/cup making business and bottled drinking water business on [email protected]
Plz send me towal manufacturing unit details with raw materials & machine
Thanks for sharing these manufacturing business ideas for India and abroad. I am currently residing in south africa and want to start a manufacturing business in India. Could you please help me with the business which can be started with 5 to 10 lakhs INR of investment.
I am interested in optical frame and agarbatti manufacturing, please send me the details of machine which is required in manufacturing of optical frames and agarbatti. I have sent you an email and looking for positive response from your side. Thanks for encouraging us in setting up a business.
join me sir your business suresh gurjar form rajasthan my con. 8619692796
Hello My name is Yash Jain and I am dealing in a business currently in India and want a partner who can invest and work with me in India. If you are interested to work kindly contact me on my mail I’d [email protected]
Very useful, please send me more information related to towels machines and raw materials
Here are some more profitable small scale manufacturing business ideas that cost little to start
1 – Ball Pen Manufacturing (It is very low cost manufacturing business) 2 – Documents folder manufacturing (One which you buy from stationary shops) 3 – Handmade jewelry including bangles (it costs very little to start and very profitable) 4 – Shoes for school goers (Kids and teens) 5 – School bags (very profitable, low cost and high demand)
Plastic bottle manufacturing ideas very nice .Please sent me plastic bottle manufacturing details. Thanks & regards S.George.
Thanks again
Dear Sir, please provide the detail or process of Towel manufacturing, Bottled drinking water, Tissue Paper Making, Protective Packaging Materials Manufacturing. please provide these details on high priority & urgent basis. I want to start any business as soon possible Regards Ravinder Kumar Sharma 9899556114 9672761104
Can you send me the brief details and flow chart alongwith the complete details of equipment/machine to manufacture of Jute Bags
Dear Sir, please provide the detail or process of Bottled drinking water, Packaging Aluminium Foils, Protective Packaging Materials Manufacturing. please provide these details on high priority & urgent basis. I want to start any business as soon possible Regards Vandan Patel
please provide the detail or process of Towel manufacturing, Bottled drinking water, Tissue Paper Making, Protective Packaging Materials Manufacturing. please provide these details on high priority & urgent basis. I want to start any business as soon possible
Information about mobile cover case machinery
Information about Packaging Box And Cartons
Information about Packaging Box And Cartons please as”ll as soon possible provide me details coz m” Tired Looking for small business
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Best Investment Options In 2023
- Know the top investment options available in India.
- Know the latest investment trends for 2023.
- Investment options that help combat inflation.
Updated: Mar 5, 2023
Editorial Note: This content has been independently collected by the Forbes Advisor team and is offered on a non-advised basis. This content is not part of the comparison service provided by RunPath Regulatory Services. Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
2023 is the year to combat inflation’s impact on everyday spending and saving, and as Indian netizens move their focus on investing in financial instruments that could potentially help them beat inflation, here’s a list of the top investment options ranked in the order of the risk that they carry.
Investment trends such as added focus on well-being post covid, building wealth to prepare oneself for a potential world recession and hedging oneself from the impact of increase in everyday utility goods and services such as gas, crude oil, electricity supply, as well as managing tax implications are set to rule decisions investors make in 2023.
Forbes Advisor India analyzed the top investment options available and here’s the list of the top 10 one could consider.
Featured Partner Offer
1) Public Provident Fund (PPF)
2) national savings certificate (nsc), 3) post office monthly income scheme, 4) government bonds, 5) national pension scheme (nps), 6) sovereign gold bonds (sgbs), 7) equity mutual funds, 8) unit-linked insurance plans (ulips), 9) gold exchange-traded funds (etfs).
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This government-backed fixed income scheme can be considered a risk-free investment as its returns are guaranteed by the government.
Its features include:
- Availability Available at almost all Indian banks and post offices. You can only open one account. No restriction on the age limit to open an account. A minor’s account is handled by their guardian till the age of 18.
- Investment Amount Minimum investment amount is INR 500 per annum. Maximum amount is INR 1.5 lakh per annum. You can deposit anywhere between one to 12 times in one financial year. Return on Investment The current interest rate is 7.10% per annum. PPF interest rates are floating in nature, which implies they could change every quarter. The interest rate change is anywhere between 0.25% to 0.75% in general.
- Maturity A PPF fund matures in a span of 15 years. Partial withdrawals are allowed after five years of the account opening.
- Taxation Investment in PPF is tax-free. Interest earned on your investment is also tax-free.
Risk Level: Low to Nil
Looked at as a risk-free investment, the NSC is a government-backed fixed income investment scheme.
- Availability The certificate can be readily bought at Indian public banks, some private banks and all post offices.
- Investment Amount A minimum investment amount of INR 1,000 is mandatory. You can invest any amount in the multiple of 100 in 12 installments in one financial year or the desired deposit at once. No upper limit on investment.
- Return on Investment Interest compounds annually at the rate announced by the Ministry of Finance every quarter. Interest is paid at the end of the maturity period.
- Maturity NSC has a lock-in period of five years. Premature withdrawal is possible in cases such as the passing away of the certificate holder.
- Taxation Investment up to INR 1.5 lakh per annum is exempt from your taxable income under Section 80C of the Income Tax Act. Interest every year is considered as reinvestment and not taxed, but the final chunk of interest will be taxed as per your regular tax slab.
Risk Level: Low to nil
The post office monthly income scheme is popular in domestic households, especially among housewives and those individuals who are earning passive income and looking to invest that to make some returns.
- Availability The Indian postal service offers single account, joint account (up to three adults), a guardian or parent of a minor and/or of a person of unsound mind; and even under the name of a minor above 10 years of age.
- Investment A minimum investment of INR 1,000 is required to open an account and a maximum balance of up to INR 4.50 lakh and 9 lakh are permitted for single and joint accounts, respectively.
- Maturity Account can be closed after five years from the date of opening. However, premature closure before one year is not allowed. Similarly, 2% is deducted from the principal amount if the account is closed between one year and three years, and 1% for three and five years. Nominees can file a claim if the depositor dies before the maturity period.
- Return on Investment The scheme offers an interest rate of 6.60% per annum payable monthly. The interest amount can be auto credited into the depositor’s savings account, or through electronic clearance service.
- Taxation Interest earned on the deposit is taxable.
Risk Level: Nil to Low
The Indian government has opened direct purchase of bonds for individual investors, who could earlier trade in government bonds only via gilt mutual funds, to encourage domestic participation in the sovereign bond market.
- Availability The government announces its bond offering ahead of the date of auction. Both the state governments and the Central government issue these bonds. The bonds issued by the State are known as State Development Loans, and the ones issued by the Center are known as G-Secs or just government bonds.You must have a bank account at a bank to purchase government bonds. You can hold government bonds in a demat account.
- Investment Amount The price of the bond is also announced at the time of the bond announcement by the government.The easiest way to invest in G-Secs is to use the e-Kuber App, the application of choice for the central banking authority, the Reserve Bank of India’s. The other way is to participate through a commercial bank listed by the government for that purpose or a primary dealer. For that, you will have to open a securities account. You can buy it through stock exchanges as well. For instance, NCB-GSec is the Bombay Stock Exchange’s online platform for this purpose while the National Stock Exchange has the NSE goBID mobile application.Broking platforms can also be used for buying it. You can also invest in government securities mutual funds. These funds invest in government bonds.
- Return on Investment Most government bonds are fixed rate bonds, which means the interest rate is fixed for the entire tenure of the bond till maturity.Depending on the coupon rate determined at the time of purchase of the bond, you get a half-yearly interest for the stipulated bond holding period.Any capital gain (or capital loss) when the bond is sold or matures.Income from reinvestment of the interest payments that is interest-on-interest.
- Maturity The maturity period of a government bond can be a year or more depending on the offering.
- Taxation Tax will be charged as per a person’s income bracket from the income generated by the interest that one receives from these bonds.Any price increase in the value of the bond will also be regarded as capital gains and taxed accordingly.
The National Pension Scheme is for those who intend to build a robust retirement fund by investing their savings into a government-monitored pension fund that invests in diversified stock market portfolios including government bonds, corporate debentures and shares. The returns or the accumulated pension wealth made on such investments are used to purchase a life annuity and a portion is available for withdrawal at the end of the scheme cycle.
Two kinds of NPS accounts exist: Tier I NPS Account and Tier II NPS Account.
Features of Tier I NPS Account
- Availability Indian citizens between the age of 18 and 65 can invest.An account can be opened by visiting an authorized bank or any of its branches called point of presence (POP) appointed by the Pension Fund Regulatory and Development Authority. Alternatively, by visiting the eNPS web portal.After a request for opening an account, you receive a 12-digit number and a permanent retirement account is created.
- Investment Amount You can open this account by depositing INR 500.To keep the account active, you have to deposit at least INR 1,000 in a financial year.No upper limit on how much you can invest per year. You cannot withdraw your invested amount until age 60.
- Return on Investment Returns are calculated on the basis of the net asset value declared by the pension funds of various banks.They are not predetermined and depend on how your investment has fared through the years.
- Maturity After reaching the age of 60, you can withdraw a maximum of 60% of your total balance.The remaining 40% has to be compulsorily used to buy a pension plan of your choice.
- Taxation Investment of INR 2 lakh per annum is exempted from tax under Section 80 C and Section 80CCD. Returns earned on NPS tier I accounts are exempted from tax.
Tier II NPS Account
- Availability This is a voluntary account and can be opened only if an individual already has an NPS Tier I account.You can open an account offline at any authorized bank or its POP appointed by the PFRDA. An online account can be opened by visiting the eNPS portal.
- Investment Amount A minimum investment amount of INR 1,000 at the time of opening the account.No annual contribution mandatory like in the case of an NPS Tier I account.No maximum limit on how much you want to invest.Each year, you decide how much of your money you want to invest in the four asset classes available: government bonds, corporate bonds, equities and alternative assets.Investment has no lock-in period.
- Return on Investment Return on your investment is not predetermined. It depends on the net asset value declared by pension funds in each investment cycle.
- Maturity After reaching 60, you can withdraw a maximum of 60% of the total corpus.The remaining 40% is used to buy a pension plan of your choice.
- Taxation There are no tax benefits and income from it is taxed as per your tax slab.Only government employees get tax benefits if they keep their investment locked for three years.
Risk Level: Low
SGBs are government securities issued by the Reserve Bank of India (RBI) and denominated in gram(s) of gold. They are issued in multiples of gram(s) of gold with a minimum investment of 1 gram.
- Availability SBGs are open for auction on dates announced by the central government. These bonds are issued by the RBI multiple times a year. You must have a PAN Card to buy an SGB. You can buy SGBs from banks, post offices, stock brokerage companies both online and offline.
- Investment Amount Each bond unit you purchase has the value of one gram of pure gold based on gold’s average closing price of the previous three business days. You can purchase a maximum of 4 kgs of SGBs for individuals and 20 kgs for trusts. You currently receive a discount of INR 50 on each gram purchased online.
- Return on Investment 2.5% paid twice a year.
- Maturity Eight years. Early redemption after five years.
- Taxation Interest payments are taxed based on your tax slab.Any gains made at maturity are free from tax.
Risk Level: Low to medium
An equity mutual fund is an investment vehicle that pools investors’ money and invests it in stocks to generate returns.
- Availability You can readily invest via SEBI-authorized individuals, agencies and stock brokerage companies online or offline.
- Investment Amount Most mutual funds expect a minimum investment of INR 1,000; there is no cap on the maximum amount that can be invested. To invest in equity mutual funds, you need to have a demat account and a trading account. There are mainly eight types of equity mutual funds for investors to choose from. One can also invest in equity mutual funds known as growth funds. This can be done without opening a demat account.
- Maturity Investors are free to redeem their investments in open-ended equity mutual fund schemes. In case of equity-linked savings schemes under the equity mutual fund umbrella, a lock-in period of three years from the date of investment exists.
- Return on Investment Equity mutual funds are known to deliver the highest returns among other kinds of mutual fund investments. For instance, some equity mutual funds have given a 5-year annualized return of up to 35% and as high as 117% in a year of historic highs in 2021. The return depends on the market fluctuations and the overall economic scenario.
- Taxation In case of a short-term capital gain, tax is applied at 15% plus 4% cess. For long-term capital gains, if the profits are less than INR 1 lakh in a financial year, the investment return is completely tax-free. If the long-term capital gains are more than INR 1 lakh, tax is levied at 10% plus 4% cess.
Risk Level: Medium to High
ULIPs are plans that provide consumers the dual benefit of insurance and investment. The way ULIPs work is simple: the policyholder can purchase an insurance plan for which the premium paid is used to provide a cover and the remainder is invested between equity and debt funds.
- Availability You can purchase ULIPs from any bank or insurance company operating in India. Financial institutions expect you to provide your proof of income given ULIP is a long-term investment product.
- Investment Amount The minimum investment in ULIP varies from one financial entity to another. Generally, a minimum of INR 1,500 is required as premium payment per month. Since ULIPs fall under the Section 80 C tax exemption category, an investment of up to INR 1.5 lakh per year can be done to get a tax benefit. The maximum investment in a ULIP policy depends upon one’s capacity to pay annually for the tenure of the policy. Charges for actions such as premium allocation, fund management, fund switching, partial withdrawal, premium redirection and discontinuance among others are all over and above the premium one pays annually for the ULIP.
- Maturity ULIPs have a lock-in period of five years, after which the policyholder can withdraw their funds without any penalty and are also eligible to continue the policy depending on its terms and conditions. Payment of premiums can be halted after three years but the withdrawal of funds invested is possible only after the maturity period of five years. ULIPs are considered long-term investment plans with up to 10 years considered an average investment period. You can lose out on a percentage of your prospective returns upon partial withdrawals before the maturity date.
- Return on Investment The expected annual rate of return can be calculated by calculating the ULIP NAV by using the simple formula: NAV = (Value of current assets + value of investments) – (value of current liabilities and provisions)/Total number of outstanding units on a specific date. To calculate the rate of return upon maturity or at the end of the policy period, the method of compounding is deployed and it is advisable to contact your financial services provider to know the rate of return of your ULIP for accuracy.
- Taxation ULIPs fall under the EEE category of Section 10 D; this implies ULIPs are exempt-exempt-exempt for the tax levied on the investment, the proceeds and on withdrawal of funds after the lock-in period of five years of a ULIP is complete.
Gold ETFs are equivalent to buying gold in the physical form without the hassle of holding physical gold. They require investors to open a demat account and hold gold units in a dematerialized form similar to how investors hold mutual fund units.
- Availability You can buy units of gold by opening a demat account, exactly in the same manner that one invests in shares from the stock brokerage companies and agencies registered with SEBI. If you do not have a demat account, you can invest in gold funds offered by some of the banks or from various gold ETF funds.
- Investment Amount A minimum of one unit, which is equivalent to a gram of pure gold, is recommended. This physical gold is stored with depositories and it acts as underlying via which the units of the ETFs derive value. There are gold funds in the market where you can start at as low as INR 500. There is no limit to the number of gold ETF units that one can purchase.
- Maturity As the price of gold increases, the value of your unit will also increase, and vice versa. You can exit a gold ETF when you want—there is no lock-in period.
- Return on Investment Just like an equity mutual fund, ETFs can also be traded on stock exchanges. Hence, their return depends on the gold ETFs’ performance in the market.
- Taxation If you sell your gold ETF before 36 months of acquiring it, then you will be taxed as per your slab. After 36 months, long-term capital gains tax of 20% plus 4% cess is applicable.
Risk Level : Medium to High
REITs enable an investor to invest in a portfolio of income-generating real estate assets by purchasing units of the REIT similar to units of a mutual fund. Any income generated by the underlying real estate assets is then distributed by the REIT to its unitholders.
- Embassy Business Park REIT
- Mindspace Business Parks REIT
- Brookfield India REIT
- Investment Amount The minimum investment criteria of INR 10,000 to INR 15,000 is applicable for investment through initial public offerings (IPOs) and follow-on offers (FPOs) of REITs that are listed on the stock exchanges.
- Maturity REITs do not have a maturity date
- Return on Investment REITs are mandated to deliver 90 per cent of their portfolio’s net rental revenue as dividends, or interest to their shareholders. Hence, as a REIT investor, you can earn via dividends and the increase in the value of your stock. Typically, commercial real estate provides returns between 8% and 10% per annum. However, grade A office spaces and commercial spaces in prime locations have the potential to provide better returns. The projected return on investment in REITs is anywhere between 8% and 14% in the short to medium-term (after adjusting for fund management fee, which is deductible before paying out to the unitholders), with minimum risks. But one may need to stay invested for longer periods—three to five years—as in any asset class, one needs to keep a long-term horizon, and be patient in riding out the real estate cycles that tend to last long.
- Taxation Income received by the REITs in the nature of dividend, rent, and interest and distributed to its unit holders is in the same nature i.e., deemed as dividend, rental and interest income, respectively, in the hands of the unit holder. Here’s a breakdown of the tax applied on each of the categories of investment and return:
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30 Best Manufacturing Business to start with 10 Lakhs or 15 lakhs
Many of us aspire to become entrepreneurs. Starting a new business involves huge investment. Some might be interested in starting a simple business and some think of starting a manufacturing business. If you are thinking of starting a Manufacturing Business with low investment, this article is for you. Which are the Top 30 Best small manufacturing business ideas that can be started under Rs 10 Lakhs investment? If you can afford some more investment, these could turn as best manufacturing business ideas to start with Rs 15 Lakhs too.
Also Read: 50+ Manufacturing Small Business Ideas to start with low investment
What is a manufacturing business?
The process of converting raw material or components into finished goods to be sold directly to the consumer or to other manufacturing units is manufacturing business. A manufacturing unit may be simple with few processes required to be done to a highly complicated one. It employs a man and machine set-up with a division of labor. The simpler manufacturing units do not demand much of the capital and can be set up a minimum of efforts. This article presents a few manufacturing business ideas that require small capital investment.
What is the future of manufacturing business?
The manufacturing business has entered into a dynamic phase. It has a high potential for growth, but one should forget the innovation factor in it. The conventional methods of manufacturing as well as marketing will not work now. Only the manufacturing units that have adapted according to the changing environment have been able to survive. Also, the degree of competition is much higher in every field now, which may pull down the profit margin.
Top 30 Best Manufacturing Business to start with 10 Lakh or 15 lakhs
Here is the list of business investment of Rs 10 Lakhs. If you can afford more you can invest upto Rs 15 Lakhs too.
1) Packing boxes and cartons – Packaging boxes and cartons have extensive use in our daily life. Things are transported from within the country or outside the country using these cartons and boxes. The cost of its manufacturing machine is between Rs. 5 – 10 lakh. One of the good business under 10 Lakhs to start.
2) Optical frame manufacturing – The manufacturing of optical frames for any kind of spectacle is growing at a very fast pace. Its manufacturing process is very simple. You could import machinery from China or any other country which would cost you around Rs. 3 lakh to 5 lakh. As the plastic is cheap, raw material cost is very low, screws are added manually or with the help of a machine and the final part is its designing if required. The total cost of manufacturing a plastic frame is around Rs. 150 to 200 including labour charges and its selling price is around Rs. 250 to 300.
3) Manufacturing of scented sticks – You can initiate scented stick making business. The profit margin in this business is Rs. 10 per kg and you can easily produce 100 kg of raw agarbatti in 10 hours with the help of one high-speed machine. The machine costs around Rs. 4 lakh.
4) Customized T-shirt printing – you might have seen people wearing T-shirts of their own names or some personalized message. Such t-shirts are much in trend these days. These are made with the help of a T-shirt printing machine. This can be another brilliant business idea.
5) Tissue paper making – Tissue papers are demanded everywhere, be it restaurants, coffee shops, tea stalls, food centers, weddings, parties, etc. You can start a manufacturing unit of tissue paper. The cost of tissue paper making machine is under Rs. 5 lakh. The scope of growth is immense in this business. It is one of the Best Small Manufacturing Business Ideas to start with low investment.
6) Jute bag making – Jute bags are used for packing different types of grains. For this business, you need two simple machines – one for cutting and one for sewing and with the help of two or three labors, you can easily start this business. It is a business of very low investment.
7) Packaged drinking water – Packaged drinking water is in high demand at commercial as well as residential places. With the growing hygienic concerns of people, its demand has even raised more. You can pack drinking water in various sizes like bottles of half a litre, 1 litre or cans of 10 or 20 litres.
8) Designer candle making – Designer scented and colorful candles are demanded throughout the year and especially near the festivities. They are extensively used as decorative in homes, birthday parties, and weddings, at restaurants, hotels, etc. The manufacturing of candles is done with the help of machines and the costing is also not much. It is one of the good manufacturing small business ideas to start with low investment.
9) Making of cell phone cases – The drastic increase in the use of cell phones has triggered the need for cell phone cases that protect the cell phones from being scratched or broken. It is a very profitable business. The cost of manufacturing 1 simple plastic case is under Rs. 30 and the selling price is Rs. 150.
10) Towel making – You can initiate the production of towels. They are always in demand at homes or hotels. The cost of manufacturing depends upon the machinery and the raw material used in manufacturing. Generally, its small scale business can be set up between Rs. 5 to 7 lakh.
11) Health and fitness Centre – It has become the need of the hour to keep ourselves fit. People are spending good sums of money to keep themselves with good health. This is the reason; it has become such a profitable business. Initially, you can start a center with a few types of machinery and as the business expands you can bring more lately.
12) Spa services treatment – Spa is an excellent medium to relax mentally and physically. Spa treatments include body treatments, facial massage, aromatherapy, hydrotherapy, manicure, pedicure, etc. This is one of the best business under 10 lakh to start. You need to ensure a good and peaceful environment and soothing ambiance for this business.
13) Ball pens manufacturing – The cost of a ball pen is between Rs. 5 to 10 in the market, so just imagine how low would be its manufacturing cost. It is one small scale industry that requires very little investment and the production is in bulk. Just use good quality ink and build the required reputation. Design and appearance also matter a lot in this business. It is one of the Best Small Manufacturing Business Ideas under Rs 10 Lakhs.
14) Soap and detergent manufacturing – Soaps and detergent can be manufactured easily with the help of man and machines. These are routine items that are used in every household, so the demand is constant. These days, herbal soaps and detergents are preferred over synthetic ones. So design a good eco-friendly formula and mint good profits out of it.
15) Manufacturing of toys – There is a plethora of toys available, from which one can choose like plastic or wooden or stuff toys. Prepare an entire range of it. Toy-making is an art. You can use your creativity to generate a variety in it. The investment depends upon the kind of toy you have selected. It is one of the Top Manufacturing Small Business Ideas to start for high profits. This could be one of the best business to start with Rs 15 Lakhs investment
16) Fireworks manufacturing – Fireworks are in great demand during the festival and marriage seasons. Bright and colorful crackers are demanded to celebrate the occasions. This industry has a very good margin with the raw material being very cheap.
You may like: Latest Manufacturing Business Ideas in India
17) Women accessories – Accessories like earrings necklaces, bangles are one of the favorites of every woman. There is a wide range of designs which can be made like stonework, beadwork, silk thread, etc. The focus should be that the raw material has to be good and design has to be unique. Use your creativity and come up with the best jewelry designs to take your business to successful heights.
18) Protective Packaging material – with the initiation of e-commerce, the demand for protective packaging material like foam sheet, thermocol sheet, bubble sheet have escalated a lot. Their manufacturing process is quite simple and the investment is around Rs. 10 lakh.
19) Eco-friendly disposables – Keeping in view the harmful effects of plastic disposals, the demand for eco-friendly disposals have risen. They are highly demanded in weddings, parties, at mobile food vans, tea stalls, etc. You can easily initiate a business in which eco-friendly disposals are produced. The investment in this small manufacturing business is around Rs. 5-7 lakh.
20) Garment manufacturing unit – With the increasing fashion trends, garments have been in the highest demand and it is ever-lasting. You can lay down a garment manufacturing unit with an initial investment of Rs. 8 to 10 lakh.
List of Business Ideas under 10 Lakhs
Here is the list of some business under 10 lakhs.
1) Catering business
2) Travel business
3) Fitness centre
4) Dance classes
5) Water purification business
Conclusion: It is not compulsory that a business can be initiated with huge capital only. At the initial stage, start with little capital, nurture it with hard work and dedication and later on, you can expand it to take it to the pinnacles of success.
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46 comments
i thing water plant in own home a tata product
बिजनेस अंडर 10 लाख
I would recommend starting a manufacturing business with Rs 10 lakhs or Rs 15 lakhs. There are a few things you need to consider before starting a manufacturing business. You need to have a good understanding of the manufacturing process, you need
Women accessories
Nice business idea
Eco friendly desposable
Eco friendly disposable
i want munufuchring jut bags
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12 Most Profitable Franchise Business Opportunities In India
India is the third-largest consumer of goods and services in the global market. Launching a franchise in India is a tried-and-tested approach to starting one's own venture. Automobiles, beauty, fast food, education, wellness, postal delivery, fashion, and healthcare are some of the most sought-after domains for starting a franchise. The franchise business is one of those models that brands have adopted for expansion in India. There are many low-cost franchise opportunities in India one can go for.
India is a mega-market for the most profitable franchise businesses. This model helps both the franchisee and the franchisor in achieving their individual goals.
Many successful entrepreneurs have opted for the franchise model. You may ask, " What is the most profitable franchise to own?" This post outlines the 11 most profitable franchises in India to give you some idea.
What is a Franchise Business? Best Low Cost Franchise Business Opportunities in India Top 12 Profitable Franchise Business Opportunities in India
- Jawed Habib Hair and Beauty Ltd.
- DTDC Courier And Cargo Ltd.
- Kake di Hatti
- Affinity Salon
What is a Franchise Business?
Ever wondered why there are so many foreign brands in the Indian market? The answer is franchise business. It is one of the primary channels through which international businesses and brands have gained strength in the Indian market. The process involves a franchisor ( franchise brand ) who provides the franchisee ( franchise outlet owner ) with the conceptual, structural, legal, and training-related support in exchange for an upfront start-up fee along with royalty charges.
The profits of owning and selling a franchise go both ways; the franchisor and franchisee reap benefits. Once the franchisee gets access to the brand’s loyal consumer base, creative support, legal counsel, and training support, the franchisor can further expand the business in untapped markets; thereby, increasing the market share and revenues.
Before stepping into this model, it’s essential that investors and businesses thoroughly research their potential business partners before signing the dotted line. For investors, it is probably safer to stick to established names and brands.
There is a rumour that the franchise model requires huge investment. Let's clear this misconception. Franchising is the most profitable and feasible form of business opportunity; one just needs to know how to obtain a franchise. You can easily start a franchise for INR 1 lakh.
Best Low Cost Franchise Business Opportunities in India
Here are listed some of the most profitable Franchise Business Opportunities in India (Under INR 10 Lakhs):
Profitable Franchise to apply for:
Top 12 profitable franchise business opportunities in india.
Recognized among the "Top 10 Retail Start-Ups-2021" by CEO Insights, Tumbledry is the largest laundry and dry clean chain in India with 250+ stores across 75+ cities. Started by veteran industry experts with 25+ years of experience across reputed organizations like Airtel, Britannia and Reliance, Tumbledry is an e-commerce organization founded with a mission to solve the laundry woes of half a billion urban Indians.
Laundry is a latent problem that has been begging for the right solution for a very long time. To solve this problem, Tumbledry is opening live laundry stores, providing world-class services, within every 3km radius in urban India. Store operations are completely integrated with the customer mobile apps. Tumbledry stores also offer dry cleaning, shoe cleaning, shoe repair, bag cleaning, bag repair and carpet cleaning services along with laundry services.
Subway is the largest sub-sandwich chain in the world. Subway was started by Fred DeLucea in 1965 to help pay his college tuition fees. Subway's mission is to provide service of the highest quality to its customers at affordable prices, something that every brand abides by nowadays.
Today, Subway is one of the few mainstream fast food joints that thrive on the promotion of a range of healthy food options. With salads and endless sandwich combinations on a variety of bread such as whole wheat, multigrain, and gluten-free variants, Subway has created a loyal customer base in the process.
Giani’s is one of the oldest ice cream parlors in India . It was founded by Giani Gurcharan Singh in 1956. When he launched Giani di Hatti amidst the bazaars of Chandni Chowk, Old Delhi , it only had rabri, faluda, and mango shake which won countless hearts at that time. Giani's has become unstoppable since then.
Giani’s went on to launch several company-owned and franchise outlets in Northern India and experienced big returns on its investment.
'Jawed Habib' is a hair grooming and wellness brand founded by Jawed Habib. Jawed comes from a family of barbers; thus, haircutting was not new to him. His grandfather was the barber of famous dignitaries such as Lord Mountbatten and Pandit Jawaharlal Nehru . Following the legacy, Jawed’s father was appointed as the official hairstylist of Rashtrapati Bhawan.
But Jawed Habib had different plans and wanted to establish his brand nationwide. He succeeded in his entrepreneurial endeavors and also played a crucial role in changing the paradigmatic view of a barber. Jawed transformed the image of an ordinary barber into that of a glamorous hairdresser.
InXpress has partnerships with world-class carriers that handle pick-ups and deliveries. InXpress determines the right carrier and service option for customers' requirements at economical prices. The brand gives entrepreneurs the setup to build a flexible business with the support of a global franchise system and is also among the low-cost franchise businesses.
Subhashish Chakraborty is the founder, chairman, and managing director of DTDC Courier and Cargo Ltd. The brand came into being in 1990 in Bangalore and has over 1000 franchise units in India today bringing in a wonderful franchise business opportunity for the enthusiasts out there. DTDC pioneered the franchise-based model in the express industry and is still deemed as the company with the top franchise opportunities.
Lenskart is one of the fastest-growing eyewear brands in India. It operates both online and offline. Lenskart was founded by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi as an online portal for contact lenses in 2010. In 2011, eyeglasses and sunglasses were also added to the range. The brand didn’t stop there and ventured into launching offline stores to expand its retail footprint.
As of now, the expansion plan is focused on increasing the number of offline outlets to 500 from the existing 330 outlets. With the demand for vision correction that Lenskart brings to the scene, the company is thus aiming to be one with the highest profit franchises.
FabIndia was founded by John Bissell in 1960 and has become a household name today. It is loved by all age groups alike. FabIndia has crossed the INR 1,000 crore sales mark to become the largest retail apparel brand in India; it is significantly ahead of competitors like Zara and Levi’s India. The brand stays true to its original essence of embracing and propagating Indian culture through apparel and other products. FabIndia has been adding new categories of products consistently.
Established in 2011, Pepperfry is headquartered in Mumbai , Maharashtra as an online furniture business that operates 60+ physical stores or Pepperfry studios spread across 28+ cities along with operating as an online ecommerce store . The company launched its Franchisee Program in September 2017 and is currently operating 20+ FOFO Studios across many Indian cities including Bengaluru, Mysore, Hubbali, Indore, Goa, Lucknow, and more.
Kake di Hatti is an inter-generational restaurant that has been running successfully for more than seven decades. It began as a small shop in Old Delhi’s Chandni Chowk in 1942 and soon turned into a household name. Kake di Hatti has garnered loyal customers due to its high-quality eatables. Kake di Hatti gives out franchise licenses only after ensuring that the franchise owner will be able to maintain the high-quality standards that the restaurant is known for.
EuroKids is one of the most prominent pre-school chains in India and is also grown to be among the best franchises with low investment. It was founded by Prajodh Rajan and Vikas Phadnis in 2001, and it was their ‘child first’ ideology that led to the success of EuroKids . EuroKids has come a long way from being a publishing company to a full-fledged playschool chain that parents nationwide have bestowed their trust in. With over 1000 pre-school centres in more than 350 cities across India, Nepal, and Bangladesh, the brand has created a stellar reputation for itself as a perfect place for nurturing young minds. It endeavours to fully utilize this growth by investing INR 500 crores in setting up nearly 2,000 more schools in many more cities.
The preschool sector in India has witnessed steady growth over the years and is expected to grow at a compound rate of approximately 32% in the next 3-4 years.
Vishal Sharma founded the Affinity Salon group in 1992. Sophisticated and experienced staff coupled with luxurious, upmarket interiors and an international range of beauty products distinguish Affinity Salon from its competitors. The brand has also secured a place among the Top 100 Best Salons of the World in the Salon Red Book .
The unisex salon franchise has set a benchmark for delivering global standards of hair care and beauty services in the country. Affinity Salon has seen steady growth and maintains nearly one hundred outlets in India. It plans to expand its outreach to many other Indian cities due to the increasing demand for unisex salons.
Buying and opening a franchise outlet is a massive investment and will require hard work, patience, creativity, and commitment from you.
What is a franchise?
A franchise is one such business, which is authorized to allow others, known as "franchisors" to distribute their products and services. Franchise businesses are generally larger businesses/companies empowering their franchisors with numerous business opportunities. In technical terms, the term 'franchise' means the contract that binds the franchisor and the franchisee.
How much does a franchise cost?
When it comes to setting up a franchise in India, one can look for a range between Rs. 1 lakh to 10 lakhs, which he/she would need in order to set up a franchise. If you are wondering about low-cost franchises, then you can easily set them up by investing under Rs 2 lakhs. However, a majority of these franchises would be typically home-based. Some of them can be mobile but would be limited to small-scale operations.
What is franchising?
Franchising is the process of marketing and distribution of products and services for a brand/franchise. Franchising includes 2 levels of people:
- A franchisor
- A franchisee
Which franchise is the most profitable?
There are numerous franchises in India and around the world that are quite profitable. However, profitability varies from time to time. In the current market scenario, the most profitable ones are:
- Dr. Lal Pathlabs
Which franchise business can I start with INR 20 lakhs in India?
Rs 20 lakhs can be a good amount of money to start with a franchise business in India. There is a wide range of sectors that you check with for the same including the trading sector, service sector, and more.
Which are the profitable sectors for franchise business in India?
Profitable sectors for franchise business in India are:
- Food Service
- Beauty & Wellness
How is the growth of franchise industry in India?
The Franchise industry in India is valued at $47 billion. It is expected to reach 140 billion in 2027.
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36 Best Small Business Ideas in India for 2020, Best Business in India
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Owning a business gives you the independence and freedom to be your boss in establishing an empire from scratch. In India, the startup wave that started in 2014 has been ebbing its way back into the startup ecosystem.
The government has been emphasizing the power of business and encouraging individuals to start their own business through their luring Startup India Scheme & Stand Up India Scheme. Here are some of the best 36 small business ideas in India that can be implemented to commence on their entrepreneurial journey.
The definition of the best business in India is very subjective and depends on a lot of underlying conditions of the market, demography, and demand. For example, a photo studio will flourish in a city like Mumbai and Delhi, where models are always looking for photographers to create portfolios. However, having a studio in a village might only have a limited crowd coming to you.
COVID-19’s Impact on Small Businesses in India:
Several predictions and theories have swirled around the market regarding the pandemic’s impact on small businesses in India and around the world.
Here are some of the 6 predictions that have been made:
- Because of the social distancing measures, the handing over of print materials like business cards and brochures will face backlash and might be completely digitalized.
- New businesses will adopt digital marketing measures much more, ditching their traditional marketing practices.
- Building a customer emailing list will be more indispensable than ever.
- The importance of remote working would boost team collaborations from a distance.
- Creating ongoing value that would make sense to sell as the subscription will be a major advantage.
- Micro-entrepreneurs having sole proprietorships will be on the rise, especially seeing the cooking skills we all learned watching YouTube this lockdown.
Some other business lessons that might help you in launching your small business post-pandemic are:
- Prefer doing business online
- Digital modes of advertising over traditional
- Remote working improves productivity in some industries.
- Save costs in every way possible
36 Best Small Business Ideas in India with Little to Zero Investment
Here are some creative and innovative small business ideas in India that you can make use of to start your startup or even as a side hustle for accumulating wealth for your larger business at a later stage:
Top 36 Small Business Ideas in India:
1. Blogging
One cannot overemphasize enough on how blogging is the number one way to start earning online with zero to low investment and unlimited earning potential.
What you’ll do:
- Write consistent, high-quality content
- Stick to your niche
- Create SEO-friendly articles to increase traffic
- Get paid via AdSense, promotions, and collaborations
Taking blogging as a business ideas in India can fetch you up to Rs 756k per month .
2. Affiliate Marketing
Affiliate marketing is one of the growing fields amongst our internet generation that enables users to earn commission by marketing or selling some other site’s product on their blog or website.
- Promote other’s products/services on your website or YouTube channel
- Get paid your % of the share for each product/service purchased via your link
- Get paid your % of the share for CPA (Cost Per Action) affiliate programs
Taking affiliate marketing as small business ideas can fetch you Rs 50k plus per month .
3. Virtual Assistant
Various companies like Amazon and eBay are on a constant hunt to hire virtual assistants to help them out with providing technical and manual support to their customers.
- Answer simple customer queries
- Perform minor tasks
- Get paid on an hourly, weekly or monthly base
Having virtual assistance as the best business in India, you can typically earn up to Rs 4k per hour .
4. Courier Service
A courier service primarily just means picking and dropping off parcels from one place to another, which requires a vehicle to pick and drop the item.
- Pick up parcels
- Drop off parcels to the location
- Get paid according to the courier services offered
Having small business ideas of courier services can fetch you around Rs 25k to Rs 50k average .
5. Social Media Manager
There are a few essential elements about social media managing that you need to understand, which can quickly be done via Google . Start managing social media handles for companies and individuals as your side hustle.
- Create engaging content for social media handles
- Be updated with the latest social media trends
- Add relevant hashtags
- Increase following and reach of the social media handles
- Interact with the potential customers on DM
As a social media manager, small business ideas in India can fetch you around Rs 50k per month .
6. Online Tutor
Multiple platforms offer online tutoring jobs to individuals in their desired niche. Online tutoring can pay anywhere between $5 per hour to $60 per hour.
- Conduct online classes on Skype/Facetime
- Get paid by your student on an hourly basis
As an online tutor, you can earn up to Rs 70k per month , depending on your subject and class.
7. Online Course
Prepare an easy to comprehend and visually appealing online course in your particular niche, be it learning the basics of photography, how to write an essay for school, etc. and spread the word for its promotions.
- Create an informative online course using video, audio & comprehensible content
- Promote online course via ads or affiliate marketing
- Gain passive income through subscribers
Having a successful online course can fetch you up to Rs 10 lakh , making it the best business in India.
8. Event Planner
Individuals holding experience in event planning through their volunteering experience or even if you have an active organization and communication skills , you can try your luck at event planning.
- Find event gigs
- Plan and organize the event
- Coordinate between the caterers, organizers and everyone in between
- Manage the budget
- Hire volunteers and team
On average, an event planner can earn around Rs 50k , being small business ideas in India.
9. Makeup Artist
This one goes a bit higher in investment, but the returns are limitless. If you have the skills or have learned makeup professionally, you can be a fulltime makeup artist with a rising return rate with each session.
- Expand your network
- Propose different makeup schemes
- Do makeup for different occasions and according to the client’s requirements
Depending on the number of clients you get each month, as the best small business ideas in India, you earn up to Rs 20k from each client .
10. YouTube
Start your own YouTube channel in your niche, be it fashion , vlogging , travel , tech , etc. and to start earning higher rewards with the ads as the views rise.
- Create consistent, high-quality content
- Create engaging videos
- Interact with your following on social media
- Work on collaborations, promotions and sponsored content
You can earn up to Rs 1.5 lakh to Rs 2 lakh monthly as a YouTuber.
11. Photography
Have a professional DSLR camera and know all about the photo editing softwares? Start building portfolios for aspiring models and cover events in return for a decent profit margin.
- Join photography clubs
- Build a network
- Work for gigs
- Create portfolios
Being another one of the best business in India, you can earn anything between Rs 50k to Rs 1.5 lakhs per month .
12. Dog Walker
Who doesn’t love dos? Imagine getting paid to walk someone’s dogs and work on your side hustle while playing with the furry little adorable creatures.
- Walk and play with cute dogs in return for cash. How cool is that!
As a dog walker, you can earn up to Rs 20k per month .
13. Warehouse for Ecommerce sites
If you hold a decent sized garage or some spare space available with you, you can use it as a warehouse for ecommerce websites to store their products.
- Allow ecommerce sites to store their stuff in your spare space
- Wait for your monthly warehouse rent
Having a warehouse for eCommerce can fetch you up to Rs 1 lakh per month as small business ideas in India.
Have an extra room in your apartment or an extra apartment all by itself why not put it up on Airbnb that can help you accumulate some extra cash from the rent collected.
- Rent your space on Airbnb
- Answer questions by potential customers
- Be a host for your guests (no compulsion)
- Get paid from Airbnb
Depending on the location and services provided in your guest house, you earn anything from Rs 30k to Rs 1 lakh from your Airbnb.
15. Travel Agency
If you hold the capabilities to plan the perfect vacation along with the best accommodation and services in the given budget, starting a travel agency can be a great business idea in India for you .
- Plan and curate travel packages according to customer needs
- Fit customer needs within the budget
- Book tickets and hotels for customer
As a travel agent, you can earn up to Rs 50k in offseason and much more during seasons.
16. Online Bakery
If you enjoy baking and want to build your first business around it, you can start a baking business online where you can customize the pricing of the items according to the item specifications.
- Create your offline bakery products
- Build your online menu
- Receive orders
- Deliver orders
As an online baker, you can earn anything from Rs 20k to Rs 80k per month .
17. Ghostwriting
Ghostwriting is more of a full-time work but works based on projects. If you belong to the writing industry, you can write novels as a ghostwriter for other individuals while minting thousands of dollars from a single project.
- Write a biography or story from a person’s narration
- Get paid project-wise
As a ghostwriter, projects can fetch you anything from Rs 50k to Rs 2 lakh per project .
18. Freelance Writer
Websites like Upwork ( 1 ), Freelancer ( 2 ) & Guru ( 3 ) offer freelance writers an opportunity to bid on projects online and work independently as a writer.
- Work on selected articles
- Pick your flexible work hours
- Work with people from around the world
Freelance writing is one of the best small business ideas in India that can fetch you up to Rs 1 lakh per month .
19. Proofreading
If you hold outstanding English proficiency, gaining a proofreading job can be an easy job to work at.
- Edit articles for accuracy
- Correct spelling and other grammatical mistakes in the article
- Alter article language according to readability
As a proofreader, you can earn up to Rs 50k per month .
20. Resume Builder
Professionals and college graduates often hire resume builders for reasonable prices that help them create the perfect resume to ace in a job selection procedure.
- Build customizable resumes for your clients according to their requirements
Individuals holding expertise in resume building are often paid up to Rs 1500 per resume .
21. Logo Designer
If you hold the basic designing skills and have created logos for specific organizations earlier, start an online logo designing business today.
- Create logo designs for organizations
- Fit into their logo requirement
- Edit the logo using software
You can earn up to Rs 50k per logo as a logo designer.
22. Web Designer
Web designing is one field that has seen a rising demand since the start of the internet and has a high demand for employment of talents.
- Create a website layout
- Build website functionality using technology
- Design navigational elements
- Pick the right graphics, colors, schemes, font, etc.
- Update the website according to client need
Web designers can earn up to Rs 20k to Rs 50k per project , working as a small business in India.
23. Graphic Designer
A graphic designer can work independently on desired products and pick the best projects from recommendations or online platforms.
- Develop product layout
- Build color scheme
- Create required sketches for clients
- Design logos
- Design brochures
- Curate magazine content
- Edit creative videos
Graphic designers usually earn up to Rs 20k to Rs 50k per project .
24. Online Store
Open up an online store on social media platforms or stores that allow users to open up their online stores like Shopify ( 4 ) and start selling your merchandise/products.
- Build your online store
- Communicate with potential customers
- Receive payments
- deliver the products via courier service
An online store holds great potential to multiply your earnings with every sale that’s made.
25. Tour Guide
Become a tour guide of your local area and show your city to travelers coming from different countries.
- Build tour guide groups
- Show around your region to the stories
- Explain the historical significance of the city
- Visit tourist attractions
Targetting the right kind of audience can etch you anything from Rs 15k to Rs 50k as a tour guide.
26. Translator
Translators are high in demand as there is always the need to communicate with the traders of the foreign country.
- Translate content for organizations
- Act as a mediator for communication between organizations
You can earn Rs 25k per month on an average as a translator.
27. Consultancy Services
You can start a home-based consultancy service for your clients or another company’s clients. It has gained popularity amongst recent years to be one of the top small business ideas in India .
- Advice companies in your niche expertise
- Implement a process or organizational structure in which the client lacks experience
- Gain commission if results produced from advice
As a consultant, you can earn up to Rs 5k per hour to provide your consultancy services.
28. Coaching Classes
You can also start a tutoring/coaching class for school students or college students , depending on your educational qualifications and your teaching methods .
- Conduct coaching classes on your subject
- Take classes in batches
- Get paid monthly
You can earn up to Rs 30-70k from coaching classes .
29. Soft Skills Training
Various corporates and colleges are emphasizing on the need for soft skills to lead a successful career. Build on developing leadership skills and organize soft skills training for teams and individuals.
- Organize soft skills sessions
- Organize workshops for clients
- Organize seminars for increasing soft skills awareness
As a soft skills trainer, you can earn up to Rs 20k for each session .
30. Custom T-Shirt Seller
You can start up a customer t-shirt designing and selling service where you can print the designed desired by your client on a t-shirt and sell it for profit in return for your assistance.
- Imprint customer’s design on t-shirts
- Courier the orders
You can easily earn up to Rs 50-70k per month by being a customized T-Shirt seller.
31. Ecommerce Reseller
Websites like Amazon ( 5 ) and eBay ( 6 ) allow you to purchase and resell goods and items online. Buy items on sale and sell at MRP.
- Purchase products in bulk or on sale
- Resell at MRP or lesser discount
You can earn Rs 60k per month on an average as an ecommerce reselling small business ideas.
32. Second-hand goods seller
We all have a bunch of junk just resting in our house. Accumulate all the worthy items and sell them on online platforms like eBay and Olx .
- Sell your old products online
- Sell someone else’s old products online for a commission
Your earning as a second-hand goods seller depends on what items you sell. Items like cars and electronics hold larger margins than clothes and accessories.
33. Tiffin Service
The food industry is undoubtedly the most profitable business line. You can start your tiffin service for college going people and make 100% use of your kitchen in building limitless profits.
- Cook food yourself or with your team daily
- Pack the tiffin boxes
- Get the tiffins delivered
Having small business ideas of tiffin service can fetch you up to Rs 30k per month .
34. Antique Refurbishing
If you love collecting antiques, you would be having a decent knowledge about maintaining them. Use your secrets and skills and build an antique refurbishing business.
- Clean antiques via tools
- Refurbish antiques
- Get paid for your services
As an antique refurbisher, you can earn up to Rs 30-50k per month .
35. Yoga Classes
Are you a yoga enthusiast? Collect your team of clients and teach yoga to them. It is not necessary to have a place to start your yoga classes. They can easily be carried out in public parks and gardens.
- Conduct yoga sessions according to batches
- Organize yoga sessions in organizations
Having small business ideas like that of a yoga instructor can earn you anything from Rs 15k to Rs 50k per month .
36. Dance Instructor
Become a part-time dance instructor and teach your hippest moves to individuals of all age groups. Not only will it serve as a side business, but it’ll also benefit you by keeping you fit.
- Build your batch
- Teach new choreographies
- Build dance coordination amongst the batch
Dance instructors usually charge a monthly fee of Rs 1k to Rs 3k per student, which can fetch you Rs 20k to Rs 40k .
Extra: Small Business Ideas in India under Rs 10000
Other than the small business ideas in India mentioned above in the article, you can also start a business in India based on the concepts discussed below. If you have Rs 10000 at hand and want to start a small business in India, the small business ideas in India mentioned can be of great help.
Some of the small business ideas in India that you can start under Rs 10000 are:
1. Homemade Healthy Sweets & Savories: The Millenials of today are leaning towards adopting a healthier lifestyle and better eating habits. Starting a homemade healthy sweets and savories business can be started as a small business in India easily.
2. E-Book Writing & Podcasting: Falling into the online business categories, e-booking writing, and podcasting is the perfect way to implement your small business in India and gain popularity.
3. Copywriting Business: A copywriting business in India is amongst the best small business ideas in India that need low investment and have great organic growth potential with a key focus on writing copies for clients.
4. Candle Making: Candle making business in India is probably the most under-rated small business ideas in India. You can easily make fancy candles at your home with the help of a few tools.
Unique Small Business in India:
Overall, the following are a few of the most unique, yet not the most relied upon business in India,
- Wedding business
- Renewable energy business
- Incense stick manufacturing
- Healthcare business
Small scale business ideas – Manufacturing
Aspiring businesspeople also shy away from manufacturing companies because they find it a work-intensive and resource-intensive business that can be carried out on a large scale only. But that’s not the truth. In reality, small scale business ideas are the perfect startup for a baby step at a time and are more likely to grow. And here are a few ideas for you if you wonder how you can start small scale business ideas.
1. Paper small scale business ideas
For most industries, paper and its products form a crucial component, especially as packaging material for several products. The application to pack different items, ranging from car parts to feed, makes fast production of Corrugated boxes made of Kraft paper. Likewise, cartons and boxes can be made in limited quantities and are beneficial small scale business ideas.
Products that can be made using paper:
- Handmade paper
- Invitation cards
2. Food products manufacturing
The processing of food products is a very lucrative and crucial small-scale idea that emerging entrepreneurs should explore. When considering the demand, resources, and raw materials of food-related business concepts, the expense of creating an enterprise are some considerations that should be taken into account. Food processing is very versatile and provides a broad range of business concepts for a small-scale production company.
Some of the food products small scale business ideas are:
- Bakery – This is one of the most popular ideas for small scale business ideas, which involves the manufacture of bread, broth, rusks, and even cakes, pastries, doughnuts, biscuits, and so on.
- Chocolate Making – Chocolate, be it small or a great accomplishment, is the best way of celebration. Chocolates are also tremendous and demanded, so they’re a practical choice for small scale business ideas.
- Oil making – Cooking oils are an essential part of any Indian household and food items cooked here are rarely. Cooking oils are also one of the exports and can be considered a manufacturing business.
- Dairy and related products – Milk is regarded as an essential diet and is part of every Indian family’s daily diet, giving an insight into its enormous popularity and demand.
- Pulses Milling and processing – This is another good small scale business ideas for food products that are easy to set up and requires a small investment with a place to start up the company, either leased or owned.
3. Fashion Related small scale business ideas
Fashion is an ever-changing field consisting of a large variety of goods and objects to be regarded as small-scale business ideas for development. It may include even clothing, including the manufacture of fabric through looms or production of stickers, saris, suiting and shirts, western clothing such as shirts, jeans, etc. The company’s viability must be weighed against the market for the form of manufactured products when opting for fashion and apparel related companies. These companies need a fabricated sector and equipment investment, and finance for the various business ideas needs to be taken into account.
Some of the fashion-related products are:
- Costume jewellery
Best Business to start in India
If you live in a rural area, business ideas can be hard to imagine. In remote communities, many markets which would be available in the big cities are not the same. These groups face particular challenges too. So if you’re ready, let’s dive into the best business to start in India.
Some of the best business to start in India are:
1. horse walking – the best business to start in india.
You may have known of a dog walking service, but what about a working horse service? You can find farms and property in many rural areas which have horses. And sometimes, there’s not enough time for the owners to make sure the horses get enough workout.
If you’re a lover of horses, this would be an excellent idea for rural business to start. You can begin with the best business to start in India by going to your horse-riding neighbours and seeing if they’d be interested in your best business to start in India.
What can you do for the best business to start in India?
- Save money on expensive horse equipment.
- Charge a lower rate, so you’re both happy.
2. Local composting removal service
Many rural properties are using composts in their yards to rid themselves of food scraps. It is a perfect way to reduce the trash that homeowners need to dispose of, and also a better way to generate fresh soil for season planting is the best business to start in India.
What can you do?
- Provide people with a way to remove old compost and extra dirt they have for free.
- You can then sell the excess soil you get or set up an area to dump all the fertilizers gathered so you can produce fresh.
3. Internet infrastructure development company
The Internet network requires some significant improvements and repairs, particularly in rural areas, to get to the point it can be with speed and reliability. Many policymakers and organizations are providing grants to the best business to start in India to help solve this issue.
- Begin by the areas in the community that are in the most need of improved.
- See if any grants or programs will help fund for the best business to start in India.
4. Yard cleanup best business to start in India
For rural areas yards can be huge, covering in some cases a few acres. This agricultural market concept will be a Yard Maintenance Company that specializes in cleaning broad yard areas, which separates the market from rivals doing smaller yard cleanups which landscaping. Many rural homeowners can find this useful because maintaining these vast properties is a lot of work, and a break is required once and for all best business to start in India.
- Ride-on lawnmower and any other power-operated yard tools as available resources
- As the best business to start in India grows, you can charge more.
5. Rural ride-sharing service
Uber and ola overtook the game of ride-sharing. The one downside they have, though, is that if you live far from a city, there are not many rides available, since it’s typically costly for the drivers to get out there.
- Proper insurance papers for the car.
- Professionally trained driver.
Most profitable business in India
Not all companies, in terms of profitability, are created equally. Although you have an infinite number of directions to take as a contractor, in this year and the future, you will wish to invest in the founding of a small most profitable business in India. And what are the firms that make money the most?
Some of the most profitable businesses in India are:
1. mobile most profitable business in india.
Remote work is the wave of the future, and therefore mobile most profitable business in India quickly become one of India’s most profited enterprises. When you can deliver a service or conduct skills from anywhere, take your most profitable business in India from your own company to the bikes and begin travelling with your clients.
The launch of the mobile most profitable business in India and the delivery of services from anywhere have many benefits. It not only increases the chances of receiving money from every city or state but also helps you to work on your terms.
Some examples of the most profitable business in India are:
- Food trucks
- Repair services (car, phone, plumbing)
- Information Technology
- Personal training
2. Business to Business Services
Business-to -business services are becoming increasingly popular with time, also known as B2B services. B2B services can be carried out individually or as a group most profitable business in India.
Typically, digital marketing agencies, small local companies, and independent contractors provide these types of most profitable business in India. Regardless of your way of delivering B2B services, six figures per year can be gained very much.
Some of the examples of B2B services are:
- Digital marketing
- Content marketing
- Social media management
- Ad management
- Graphic design
3. Sharing businesses
“With the growing interest in the climate, minimalism and the economy, most profitable business in India has become more trendy than ever before. Sharing the most profitable business in India are reaching millions of people’s homes, enterprises and lives worldwide.
This would be an incredibly most profitable business in India to start a small company in today’s market economy, depending on your preferences and on which business model you are be suited to.
Some examples of sharing the most profitable business in India are:
4. child oriented businesses.
Have you a passion for better children’s and their parents’ lives? For the last two years, children’s most profitable business in India is promised income this year as a result of a massive baby boom. Child-oriented organizations include doulas and parents, children’s education and children’s entertainment.
Examples of Child Oriented businesses are:
5. virtual reality most profitable business in india.
The virtual reality (VR) represents the most significant technological progress in recent years in hitting homes and theatres. The ability to integrate VR in your daily lives (and most profitable business in India) is endless, from video game headsets to immersive house environments.
Whether on wheels or in a particular position these can be mobile. Regardless of the location of your VR most profitable business in India, you are sure that you are interested in people and levels of technology experience of all ages.
Some of the fields in Virtual Reality business are:
- Office team-building exercises
Small profitable business ideas
Potential entrepreneurs typically lose their vision of being an entrepreneur because of the significant investments they are interested in. Nonetheless, it’s not always true that company needs tremendous investment. With a small or medium investment, lots of small profitable business ideas can be launched. One such concept is a manufacturing company.
You don’t necessarily have to have expensive and complicated machinery when it comes to manufacturing. In this post, we will give you an idea about some new ideas about small profitable business ideas in India that you can use to generate maximum income.
Some of the Small profitable business ideas are:
1. tissue paper manufacturer.
It looks so evident, okay! Consider how many tissues you consume when you consume your meal. You never look enough! You never look sufficient! The tissue paper is used for all cleaning purposes involving a liquid, not just during cooking.
The demand for tissue papers is still strong in restaurants, hotels, small stalls or homes, and will not decrease in due course; at least until a safer and more comfortable alternative is made available. It is treated as excellent small profitable business ideas.
Where to sell these small profitable business ideas?
- Restaurants
2. Ballpen manufacturer small profitable business ideas
The most common item on the market is ball pens. Due to the low cost and ease of use, it beats the pencils and the other pens. The cost of producing a ball pen can be measured by selling it to a price as low as Rs. 5 per piece.
Before you enter the business, you will need to understand the market first. Colossal competition is taking place in this area, so you have to take care of a lot to become small profitable business ideas.
Things that you will need to take care of:
- Quality is essential
- The look should be good to attract more customers
- Find retailers for selling
3. Soaps, lotions, and detergent small profitable business ideas
We don’t have to convince you that everybody’s everyday life needs soaps, lotions and detergents. Only think about the moments you use it every day. Their usage is increasing day by day, as the hotels and food joint are beginning to provide their customers with small sachets every day. You must have seen them in the rooms at the casino. There are already a few like-minded vendors, but the market is not yet saturated. You’ll have plenty of opportunities to foothold yourself in the small profitable business ideas.
Things to keep in mind for these small profitable business ideas:
- Setup cost and the required workforce is not high
- Take care of the quality
- Packaging should be attractive
4. Customized gift box production
People love presenting their presents in elegant and lined looking gift boxes. In the beautiful part, you can take that to your advantage to showcase your artistic talent. It won’t take a lot of money, either. You need some decorating materials and an eye for embellishment small profitable business ideas.
How to get famous:
- Start by collaborating with local gift shops
- Take customer reviews on social media
- Be creative
Business in India for Towns and Villages
Business in India is not limited only to major cities but also small towns and rural areas. There is plenty of scopes to have a successful business in India, and that is why marketing in small towns and rural areas is on the rise these days.
Here we will discuss the five most profitable small business in India for rural areas and small towns:
1. pathology lab/diagnostic centre.
Pathology lab or diagnostic centres have turned out to be a genuinely profitable small town business in India these days. Doctors ask patients to undergo medical tests such as blood tests, urinalysis, etc. for every disease. In the small rural areas and towns, you can set up one such laboratory which will undoubtedly entail initial investment and also a license to operate. Once created, however, you can earn an excellent lifelong income.
Medical tests available are:
- Blood tests
- Ultrasound etc
2. Drinking water treatment plant business in India
It is both a significant business in India opportunity and a need for the citizens of the small towns and rural areas. This business in India needs medium commitment but still equally strong returns. It needs personnel, a lot of facilities, installation, and when supplied to the residents, water should be clean and purr. You might become a supplier of packaged drinking water to the people, which costs around 30 to 40 rupees a container(20 ltr).
Drinking water plant requirements
- AOA and MOA of the business
- Small scale industry registration certificate
- ISI certification from Bureau of Indian Standards
- Pollution control certificate from the local pollution board office
3. Mobile phones and accessories stores
Cell phones are everywhere, which is no exception to these remote areas and small towns. Hence it is a good idea to own a business in India of cell phones and accessories. The investment is less so as you can only keep those items that are sellable and demand in the area. With a little investment, you can quickly start this business in India. All you need is a shop in the right sector and contacts with suppliers in the nearby city.
Products available
- Phone covers
- mobile batteries, etc
4. Fertilisers and seeds store business in India
The fertiliser and seed store is one of the typical business in India that can genuinely stick in rural areas and small towns. Farmers need these two things at all times, and if you provide some subsidy, your business in India is all set.
Requirements for fertilisers and seed store business in India
- This business in India requires minimal capital to start.
- The income from this business in India is decent.
- Business in India will survive for the long term.
5. Small scale manufacturing units
Small scale Manufacturing units for products like disposable paper plates, paper cups and disposable bags are produced. It is a good business idea as these things are always in high demand for business in India.
Requirments for small scale manufacturing business in India
- raw materials
- Timely delivering the items are essential for the business in India to flourish.
Business ideas in India for beginners Tips
You might have started looking for advice if you have considered starting business ideas in India for beginners. The choice on which to obey can be overwhelming to start a new company. There are so many tips.
It’s often an apprenticeship to start your business ideas in India for beginners. Nevertheless, the wiser you decide at an early point, the chances the company would have to succeed. Try these ten tips if you have a business idea.
Some tips for business ideas in India for Beginners:
1. address excuses.
Innumerable people dream of becoming businessmen, but never. Excuses and feelings of failure are burdened with them. You can make a million cases for not starting business ideas in India for beginners from money to time to accountability.
Face it. It’s terrifying to be your boss. New business ideas in India for beginners have many things to lose in most cases and no insight into their chances of success. The risk of corporate ownership is reasonable to be concerned.
Some tips for addressing excuses:
- Excuse yourself from reaching your goals just painfully.
- You have to answer the reasons why you don’t think you should start a company and get rid of it if you want to start business ideas in India for beginners.
- Find a solution to the problem, instead of leaving it behind.
2. Absorb everything
Hear what other people have to tell — friends, family, experts and even you. Be a sponge when it comes to things related to your business ideas in India for beginners. Start working out the idea in your mind, as you know. Down write stuff. Keep annotations from all the resources to prepare a detailed plan.
Do not disregard expert and experienced business ideas in India for beginners consulting capacity. These people know what works and do not work first-hand. Intelligent business people learn from the mistakes made by other business ideas in India for beginners.
Some tips for absorbing everything for business ideas in India for beginners:
- Encourage your audience to be honest.
- The collective opinion that you get from peers may reflect the reactions of consumers.
3. Be a solution for business ideas in India for beginners
Think about what it is going to solve instead of beginning the business ideas in India for beginners with what to offer. When your company fixes a problem, it is much easier to gain a strong customer base. Your business ideas in India for beginners should fill a specific demand or niche. After some research, we found that we were able to provide easy to use and affordable payroll and accounting software.
- Home why you open your business ideas in India for beginners.
- Knowing your motivations will allow you to create a company brand and market it.
- Know how your target clients face problems and how they can be resolved.
4. Count the costs
When your business ideas in India for beginners is developed, add how much it will cost. Every business expense required to start and work will have to be taken into account. Get the amount you may be able to get the most educated.
Then, take what you think is the dollar and quadruple the dollar amount. Quadruple it seriously. You are going to face unexpected costs of operating business ideas in India for beginners anywhere. It is safer to be ready than short when bills start rolling in.
Some costs to consider for business ideas in India for beginners are:
Legal process of starting a small business in india:.
Now that we’ve done the brainstorming on your behalf, its time for you to shortlist the best small scale business ideas to establish your ultimate small business in India.
Business ideas in India with low investment require to go through the same legal process to get started with their venture.
Let’s read about the legal process of starting a small business in India and its steps:
Step #1: Incorporate your business
Incorporate or register your business as the right type of business entity, be it,
- Proprietorship
- One Person Company
- Partnership
- Limited Liability Company
- Private Limited Company
- Public Limited Company
Step #2: Sign Documents
Sign all the necessary documents, including the founder’s documents that include the duties and responsibilities of a founder towards his business.
Step #3: Obtain Necessary Registrations and Licenses
Obtain all the required registrations and licenses from the government authorities for the legal functioning of a business, like,
- Value Added Tax (VAT)
- Employees’ Provident Fund Organization
- Permanent Account Number (PAN)
- Taxation Account Number (TAN)
- Professional Tax Registration
- Employees’ Insurance (ESIC)
Step #4: Trademarking
One needs to trademark his business’ logos and words that help protect a business against misappropriation and duplication.
Step #5: Prepare Accounts and Taxation Systems
Set up your accounts and taxation systems with your CA or yourself so that all your business transactions are fulfilled smoothly.
Top Small Business in India
India, being a developing economy, has some thriving small business in India that manages to bring income to many rising households.
Some of the top small business in India are:
- Mobile/DTH recharge shops
- Breakfast joints
- Tuition center
- Street bookstalls
New Business Ideas in India with Low Investment
Some of the new business ideas in India with low investment given below would have never even been imagined by the masses a decade ago.
Technology has given rise to some of the latest new business ideas in India with low investment which are:
- YouTube Channels
- Online Bakery
- Online Courses
Note: We’ve elaborated upon the given ideas in the article below.
Best Business in India – The Wedding Industry
India, being a land of rich and diverse culture, is home to over thousands of unique best business in India. The number 1 best business in India will be anything related to weddings.
The Indian wedding industry is seen with a projected annual market growth rate of 25-30%. (Read more here )
And why wouldn’t it? We all know that ‘big fat Indian weddings form the crux of showing off our traditions.
You can start a wedding consultancy or a wedding planning company that will serve you like the best business in India with infinite growth in the future.
Best Business in India – Renewable Energy Industry
Renewable energy has become an essential element necessary to sustain a normal human life, especially with the decreasing amount of crude oil sources and rising air pollution.
India alone has witnessed the worse Air Quality Index in states like Delhi falling even under the hazardous AQI.
Note: The AQI went as high as 490 amongst some portions of North India in November.
Currently, 63% of India’s energy requirements are fulfilled from coal.
However, shifting our energy consumption patterns towards renewable energy resources can help reduce our air pollution by a massive percentage.
Some of the best business ideas in India that offer high growth in the renewable energy market are:
- Solar energy
- Waste-to-power energy
- Wind Energy
Best Profitable Business India
Here we’ve mentioned some of the best profitable business in India along with their ROI and minimum investment amount.
– Incense Stick Manufacturing
India is home to over 70% of Hindus, who practice their traditional Pooja each day.
- Min Inv: Rs 5 lakhs for producing around 2.25 lakh packets
- Net Profit: 7.11%
- ROI: 30.94% per annum
– Property Management
Property management, due to the rising prices of properties, is one of the best profitable business India.
- Min Inv: Rs 3 lakhs
- Gross Profit: up to 50%
– Online Ads Service
The demand for online ads is at a rise in the booming IT sector in our digital age.
- Gross Profit: 20%
- Min time for parity: 1 year
Start your side hustle or take the first step to initiate your more significant business realities with any of these top small business ideas in India . Additionally, the majority of these small business ideas idea require zero to no initial investment and mint money limitlessly.
Why look for small business ideas?
We are a part of a gig economy that functions on businesses participating in fulfilling the demands of the market all the time. There are many individuals, alongside the ones with zero to low business influence, who want to enter the world business but do not have a high budget at hand. In this article, we have mentioned all the small business ideas that you can make use of if you want to start a business of your own at a small level.
Small business ideas require a lower investment amount and can yield great profits over the years with expansion. Here are some of the tips that you must keep in mind while looking to establish new business ideas:
- Don’t invest your entire savings: We motivate individuals to start businesses with small business ideas, but that must not mean that you invest 100% of your savings into starting your new business ideas . If you feel that you’re short on cash and the only way for you to start a business is by investing your entire savings into it, consider taking a loan from the bank instead.
- Take guidance from a mentor: Whenever you go pursue a different path, you must consider taking guidance from a mentor. A mentor is a trusted & experienced advisor that helps guide their mentee into building a thriving business of their own. However, be careful while looking for a mentor and choose the one that can be trusted 100%. If you’re looking to build the best business in India , try joining for mentorship programs through sites like LinkedIn.
- Learn to handle business finances beforehand: Finances govern the profits and strategy used to reach the break-even point in a business. Learn and study the taxes and other provisions about a company to understand the underlying accounting and other fundamentals of a business. You can, however, hire a professional accountant at a later stage to handle that, but you also must have a basic understanding of the same.
- Research the market: Whatever small business ideas you’re looking to bring to life, you must ensure that you are bringing forth the best product or business in the field by studying the competition and other market factors that can affect your business at any stage. New business ideas help bring forth innovative methods to meet a consumer’s demands while standing out through creative techniques.
Best Business in India: What to look for in 2020?
While there are many scenarios that can help you build the best business in India in your own niche, currently, the COVID-19 pandemic has caused the things to go haywire. Now, all the businesses that were flourishing have come to a standstill with the imposed lockdown. However, despite having to face the atrocities of the global economic slowdown, India still has chances of recovering, despite being a developing economy with the help of healthcare, pharmaceutical, IT, and sustainable development industries. There are many factors that shape the business landscape in India, like government policies , international trade, cost of labor, etc.
The pandemic has raised several questions that have changed our perspective towards building a business. We believe, given the current situation, the best business in India that would not only serve humanity but would also help in creating wealth is in the healthcare niche. New business ideas that help provide disruptive solutions to the Coronavirus problems have been given a platform by the Startup India, to tackle the issues better.
Note: Keeping in mind the high-profit margins and the high demand, the healthcare industry has the potential of generating the best business in India.
Gain business side insight with best business ideas in India 2020
We aim at providing you with all the right information you can get on the best business ideas in India in 2020 here in this article, which is why we have covered the best business ideas in India for you. We have summed up the best small business ideas in India and opportunities that have lined up for business enthusiasts currently.
India’s startup policies have made starting a business in India easier in multiple fields. The younger population is rising to adopt leadership opportunities and are often passionate about building an empire through growth and innovation.
4 Future Business ideas 2020 in India
New business ideas in India provide a fresh business side insight for aspirants. Here are some future business ideas 2020 in India that we believe can do immensely well if done the right way:
1. Social Impact Investment Funds:
Social impact investments refer to investments made in companies and organizations that run with the intention to generate a social or environmental impact along with gaining a financial return. They not only help you stand up for a social cause but also serves as a great business opportunity.
2. Mobile wallet payment solution:
People are switching to digital payments. The mobile payment solution market is on the rise and holds excellent growth potential.
3. Warehouse/ Inventory Management for E-Commerce:
E-commerce companies always search for local warehouses to store their products. The rent charged on these warehouses from e-commerce hubs is also pretty high.
4. IoT Home/ Builder Consultant:
Multiple houses in the metropolitan areas of the world have adopted smart home technology to make their houses a better and safer place to live in. You can collaborate and partner with developers to help build your client, the intelligent home of his choice. It is amongst the best new business ideas in India.
Start small go big – top business ideas in India with excellent growth potential
Many small business ideas in India hold excellent growth potential and are incredibly profitable. Many give up o their business dreams just because of the thought of what people will say, but remember if entrepreneurs like Mark Zuckerberg and Elon Musk through of this while starting their businesses , they would never be where they are today.
Start small, go big. You can start a business from any of these small business ideas India and add innovative methods and business strategies at a later stage. Some of the most profitable small business ideas India is fruit juice kiosk, garment tailor, event organizing, photography, street-side bookstall, and customized jewelry.
Best startup ideas for 2020
With excellent prospects in both the Indian and international markets, setting up the best startup ideas in these sectors is sure to reap good results in 2020. The Best startup ideas expanded by around 7.7 percent in 2018 and added to India’s GDP by about 16 percent. This further shows that India is becoming the world’s third-largest economy by 2030 . The Government plans to increase the manufacturing sector’s GDP to 25 percent by 2022 through multiple economic changes and allocations to the budget of the best business to start in India.
1. Furniture-making Business the best startup ideas
Demand for multi-purpose furniture is one of the best startup ideas, and by 2022, the market expected to grow to $27 billion. It results in a growing number of urban dwellers, an increase in purchasing ability, and a high potential to invest. The best business to start in India is as a furniture designer, a corpus of about Rs.30 lakh would give you a head start. The recruitment of a team of efficient furniture designers and a market research team will go a long way in helping you produce the right furniture that distinguishes your best startup ideas from your competition.
Types of Furniture to be produced for business in India:
- Dining tables
- Office furniture
2. Leather Goods business in India
The manufacturing of leather products is one of India’s best startup ideas. With the Indian leather industry standing at $17.85 billion, it’s easy to see how you can profit from developing a leather goods company. Over the next five years, the domestic leather industry projected to double, and India accounts for 12.93 percent of leather demand worldwide. This will improve your prospects of establishing the best startup ideas of leather footwear or clothing companies to export your products.
Basic requirements of the most profitable business in India:
- Significant investment
- Advanced equipment
- Raw materials stockpile
- Warehouse to store finished items
3. Organic and Healthy Food small scale business ideas
In 2015-2016 India manufactured about 1.35 million metric tons of certified organic products.
This included:
- Sugarcane varieties
- Medicinal plants
- Dried fruits
Awareness about healthy food, as well as the agrarian community and environment in India, makes this a substantial industry in which to invest. According to projections, the organic food industry will expand by 25 percent – 30 percent by 2020, giving you even more incentive to explore the best business to start in India.
4. Best startup ideas of Garment Embellishment Business
The textile and apparel sector contributes 4 percent to India’s GDP and accounts for 15 percent of India’s export earnings. Moreover, due to its supply chain for garment production, India enjoys an advantage over the other manufacturing countries from the processing of natural fibers.
Some of these natural fibers for garment embellishments are:
The growing demand for ‘Made in India’ clothing, which represents India’s heritage, opens up opportunities for your fabric embellishment business. One option is to set up a unit staffed with skilled embroiderers and artists from Zardozi. Renting a small storage or workshop room to set up your small scale business ideas will help you start the most profitable business in India.
Best business to start in India – Introduction.
The Indian economy is one of the fastest-growing economies globally, with a 6 percent growth rate. Therefore, launching small scale business ideas is a sizable undertaking given global prosperity promising. That said, however, some industries perform better than others and will continue to multiply.
When it comes to setting up their own business in India, people either look at an unmet need or thriving industries where they can carve out their niche. If you belong to this latter group, then you should pursue some exciting development opportunities. Let’s look at the five most profitable business in India and discuss how to realize your entrepreneurial dreams.
Some of the most Profitable Business in India
1. beauty and wellness industry.
India’s beauty and wellness sector is growing twice as fast as the US and European markets. According to one study, the Indian beauty industry expected to exceed $20 billion by 2025., and they have been cropping throughout the country over the last few years. One of the reasons the beauty and wellness sector took off is higher incomes and increased awareness. The increased global visibility means that both new beauty and fitness facilities are demanding for consumers.
Some of the examples of the Indian beauty industry are:
- Luxury spas
- Massage centers
- Yoga studios
2. Food and Beverage Industry
FMCG is the Indian economy’s fourth-largest sector in the best startup ideas, and the food and beverage industry accounts for 19 percent of the industry. By 2020, the global FMCG market is expected to hit $103.7 billion. Delivery services opened scores of part-time jobs for executives in the delivery business in India. Along with online delivery services, the restaurant small scale business ideas have boomed and currently employs more than 7.3 million people in 2019-2020.
FMCG products
- Pharmaceuticals
- Soft drinks
- Packaged food products
3. Retail Industry
The Indian retail industry grew from US$ 790 billion in 2019 to US$ 1400 billion by 2024. To some degree, it is a product of the rising young generation, increasing employment for women, and raising middle-income households. Millennials are more likely to spend on interactions than to rely on material objects of the best business to start in India . We even get married late, and they have more discretionary income they want to spend on leisure and entertainment .
In present-day business in India, shopping can be split mainly into two segments: online and offline. Digital shopping is all about ease and affordable pricing, while physical retail stores are beginning to develop and are embracing a technology-first learning approach.
Some examples of the retail business in India:
- Spencers Retail
- Reliance Retail
- Future Group
- Lifestyle Retail
- Shoppers Stop
4. Franchise Industry
If you’ve been exploring best startup ideas, maybe you’ve already come across that term. Franchising is one of the most successful ways for the best business to start in India without compromising its profits. To open a franchise business in India , you need to identify your choice of established brands and companies within the industry. Buying a franchise is much easier than launching your small scale business ideas because you already have a performance blueprint. In most cases, the franchisor offers training and support, a detailed plan of how to grow, and also does franchise advertising and marketing. Financing is even more comfortable because the franchisor is already well-established among the best business to start in India.
Franchise business in India:
- McDonald’s
- Lakmé Salon
- Toni&Guy
5. Healthcare and Diagnostics Industry
The Indian healthcare market is forecast to hit USD 280 billion and become the best business to start in India by 2020. This can be attributed to rising income levels, access to medical insurance, increased awareness of health, and the increasing prevalence of lifestyle diseases. Forty million workers are already projected to be employed by this business in India by 2030. The private sector in the healthcare business in India has also increased as almost 74 percent of the country’s total healthcare expenditure in the private sector can be accounted for.
Some examples of the Healthcare business in India:
- Apollo Hospitals Enterprises
- Fortis Healthcare Ltd
- HealthCare Global Enterprises Ltd
- Dr. Lal PathLabs Ltd
- Piramal Enterprises Ltd
Most profitable business in India post COVID-19
Due to the outbreak of ‘COVID-19,’ there has been lockdown in the entire country. Everyone is talking about a slowdown in the economy due to reduced demand, lower-income levels, job cuts, and, as a result, a fall in GDP figures. There is a lot of uncertainty about how businesses in India can survive.
So let’s talk about the best business to start in India after the lockdown? What are the business opportunities after the lockdown? What could be small scale business ideas after the Corona Virus lockdown ? Can we come up with the best startup ideas?
Observe the consumer demand
“Consumer demand” is first and foremost in the best business to start in India. There is also some business opportunity when there is a demand for a particular product and service. So let’s begin by searching the most profitable business in India? Currently, what are the trends?
We can somehow initiate small scale business ideas if we hear that something is needed in a specific area and that we have a talent/resource for this product/service. If you wish to succeed, you should think beyond the boundaries of your colony, city, district, region, state, and even country.
Some of the hobbies that can be converted into a business in India:
Look out for the latest trends in small scale business ideas.
We must, first of all, investigate what the people can look for. For this purpose, the use of ‘Google Trends’ may be a game modifier. Explore what the world is looking for through Google’s free Trends service.
Let’s see how this can be used for new concepts for business in India:
- Firstly, take a keyword such as best startup ideas, small scale business ideas, the best business to start in India, business in India, the most profitable business in India , etc. You may also use the ‘Compare’ method to compare search patterns for different keywords.
- Select the country/worldwide option in particular—results of different countries re-shuffle.
- Select a specific period that could be Past Hour, Day, 30 Days, Year, or one date at a particular time. Results of different periods re-shuffle.
Other tools for conducting market research
You can also use different tools to find demand and trends on the market, which everyone can use to find the most profitable business in India.
Various free tools available for business in India are:
- Google Alerts: Monitor the web to find exciting new content
- Think with Google: Research on the market, discover the latest consumer insights, trend reports, and best practice guides.
- Google Search console: Tools and stories in the search console help you to measure traffic and performance of your site and fix problems.
- Google Analytics: Google Analytics is a Google web analytics service that monitors and reports website traffic to improve Google’s publicity.
Use of technology
‘Technology’ and small scale business ideas become inseparable because without thinking about one, you can’t talk meaningfully about one. Within the possession of excellent instructors, technology can never overtake energetic instructors, and technology is revolutionary.
You can use technology in your business in India through:
- Web page/Blog,
- Google My Business Account
- Mobile Application (App)
- Facebook Page/Instagram Page/Twitter Account
- YouTube Channel
Agriculture small scale business ideas
Agriculture is the most profitable business in India, with the highest growth. Over 100 farms multiply these days, but in this article, we ‘re going to talk about the top challenging most profitable business in India India.
Some of these farms can be done in a smaller amount of capital, while others may require huge capital investment. Agriculture is a large and broad field that comprises many other items such as agriculture, animal husbandry, and fisheries. If business related to agriculture is done with passion and commitment, you can earn an excellent income.
Top Agriculture Business in India
1. dairy business.
Demand for both milk and milk products always remains high and the most profitable business in India; thus, we can claim the dairy sector is India’s most profitable agri-company. It would help if you had a substantial capital investment and some advice from the dairy experts to start a dairy company. But it gives great business in India if done with full passion.
Some of the dairy products are:
2. mushroom farming.
The mushroom farming company is a small scale business ideas that will produce more income in less time. It can be achieved with less space at less cost.
The following places require mushroom:
3. production of organic manure.
These days vermicompost preparation and organic fertilizer have become the best business to start in India. In low capital investment, this business in India can be started.
All you need to start the production of organic manure:
- Knowledge about the development cycle.
- Storage box or pit
4. Tree Farming – the best startup ideas
You will make money from the tree farms by raising and selling fruit. In this business in India, it takes a long time until the trees grow, due to which the business and its profit will also take time. But it falls under the umbrella of a healthy, productive farming sector.
Basic requirements of tree farming business in India:
5. tea leaf plantation – the best business to start in india.
As the demand for tea leaves increases, an individual can earn a good profit out of the best startup ideas. But the choice of weather and location is very critical for growing tea leaves. While capital spending in this company is high, but benefits are still top in return.
Benefits of tea leaf plantation business in India:
- Low-cost small scale business ideas
- Easily marketable
6. Maize farming – best business to start in India
This can be cultivated under various climatic conditions. You’ll get bumper yield by picking high-quality maize seeds, which is the most profitable business in India.
Maize farming is done in the following states:
- Andra Pradesh
- Maharashtra
- Uttar Pradesh
7. Small scale business ideas of potato Powder Business
Potato powder is widely used in the food snack industry business in India. Today, it is used in all sorts of dishes that include mashed potatoes.
Potato powder is used to make food items:
- Soup and vegetable gravy.
Culture of business in India
India is a vast country with many different identities, languages, cultures, best startup ideas, as well as religions. India is rich and varied in small scale business ideas. Generalizations of Indian culture are very difficult to construct. Nonetheless, there are some tips to help you understand business in India, and its culture directs you through the Indian market.
Introductions and Greetings in business in India
A flexible approach is essential, and it is often best to be guided by the person you meet within the best business to start in India. Behavior requires a handshake, although some Indians may use namaste, they press their palms together with their fingers pointing upwards with a slight arch.
Welcome the senior person first when entering a meeting. Make sure that the card gets the right hand and put it away respectfully when exchanging business cards. Small discussions are accessible at the start of a business meeting and can include questions about your family and the most profitable business in India.
Some of the tips to be followed by business in India are:
- It is equally appropriate to ask about the family of business partners, and in some cases, this may be an excellent way to build trust for the best startup ideas .
- In general, Indians place importance on and prefer formal titles in small scale business ideas.
- It is preferable to use a Mr. or Mrs. when addressing a colleague or a senior in a business in India.
- Women in the business in India are often referred to as Madam and men as Sir.
- Suffix Ji is commonly used primarily when it comes to someone senior, both in age and rank.
Communication in the most profitable business in India
English is widely spoken in business in India and is one of the official languages. It is spoken fluently by many Indians and business managers of best startup ideas, although its meaning can vary across cultures and countries . Indians may have particular difficulty in saying “no” because they can convey an offensive message. Instead, they prefer to make statements like “we’ll see,” “yes, but it can be difficult,” or “I’ll try” when they probably mean “no.”
Some of the tips regarding communication for business in India:
- Listen carefully and know the significance of the replies regarding small scale business ideas.
- Don’t try to force your contact to be more direct, as this may be counter-productive.
- An excellent way to find a more definite answer is to rephrase the question.
Business Meetings and Negotiations in business in India
Give your intended journey dates as much warning as possible, and try to plan your meetings with the most profitable business in India. Please note that the arrangements can alter many times and can only be checked on the day of the meeting.
Some of the tips for business meetings in India are:
- Although it is anticipated that meetings will begin on time and end late in the most profitable business in India.
- There may be regular interruptions in business in India.
- Be patient and show good character.
A quick guide to the culture of business in India
- There are a lot of Indians in India. India is a multilingual, multi-ethnic, and pluralist society.
- Know the culture of small scale business ideas and be wary of generalizations.
- The official language for business in India is English.
- Be prepared for meetings to start in late small scale business ideas.
- In India, managers and workers have a more structured and hierarchical relationship for the best business to start in India.
- The Indians value relationships greatly: they take time to develop relationships and contacts for the best startup ideas.
Questions of the Curious:
1. is yourstory among the best business in india.
Talking about the best small business in India, Yourstory doesn’t necessarily fit into the category of a ‘small business’. You’ll require a large capital along with a large team to build a platform like Yourstory. While one can build a great and thriving business using similar strategies, it can be an overall much more hectic task in comparison to the ideas for best business in India mentioned in this article.
2. How to know the business idea insight for establishing the best business in India?
Once you’ve decided on what industry you need to focus on while building the best business in India for you, there are multiple ways of gaining business idea insight on the same. One of the best ways to research and gain a deep understanding of your market is by gaining access to business insights from your potential future competitors.
Some of the popular ways to know your business idea insight are:
- Through Crunchbase
- Via AngelNetwork
- Through World Market Intelligence, etc.
3. Is Quora an Indian business?
No, Quora is not an Indian business. Quora, owned by Quora Inc., is a California-based internet question and answer website that is edited and written by internet users . It is a collaborative platform where users can either share opinions or share information. The company was first founded in June 2009 and was made available for the public in June 2010.
4. How are china brands selling in India?
China is one of the largest exporter of goods worldwide. Major business relies on china brands to make sales in their businesses. From clothes to shoes to electronics , today, china brands manufactures and exports every kind of commodity to other countries. However, china brands also hold a reputation of being non-durable goods amongst the general public.
Some commodities that are imported in large amounts from china brands are:
- Electronic items, etc.
5. Best Small Business Ideas in India?
All in all, these were the best small business ideas in India, which you can start with little or no investment. While talking about the best business in India that you can start with a low investment include any service or product that you can provide online like blogging, affiliate marketing, virtual assistance, online tutoring, online courses, and so on.
Remember, to build on a business idea in India; you need to ensure:
- All the legal formalities are fulfilled
- You have the minimum capital required for business
- You maintain consistency
- Build networks
6. What is the best business in India for high profits?
If you’re looking to build the best business in India for high profits, you can start an incense stick manufacturing business, bus service site, shoe wash company, event management, housekeeping service for hotels, or a real estate and property management. While some of these businesses like incense stick manufacturing and bus service site require low investment, others might require it a higher investment.
7. What are the best business ideas in India?
Looking at future business prospects that can be very successful, you can try on some of the best business ideas in India in 2020 like manufacturing pollution masks, mobile app creation, chemist shops and clinics, jewelry shop, reusable energy, or 3D Printing.
8. Is YouTube one of the best business in India?
YouTube offers a great business opportunity of creating unique content and start earning by gaining following and views on the videos on the platform. YouTube is one of the best business in India if you’re a passionate content creator and believe that you can help and reach out to a suitable audience with your content, be it educational or entertainment, it can serve as a great source of earning money online.
9. What are the most successful small business ideas in India?
Other than the top 36 small business ideas in India that we’ve provided in the text given above, these are some other small business ideas in India that would serve as a successful business if handled well. Some profitable small businesses that can work for you are catering services, business consulting , cleaning services, website designer , tax preparation & bookkeeping, or online tutoring.
On the other hand, if you want to start a sturdy business involving manual labor-management, you can start business ideas in India like courier service, makeup artist, warehouse, bakery, tour guide, consultancy service, and much more. Other than that, as mentioned above, you can also go for the best business in India that churn massive profits like incense stick manufacturing, property management, online ad services, and event management.
10. What industry will boom in 2020?
India’s path through economic transformation has turned it into one of the fastest-growing economies in the world . Its vast and rising population is its greatest strength and will quadruple GDP and propel India into a league of emerging economies over the next decade. All this because a billion could be turned into active labor.
A. Information Technology
The IT business has been the sunshine industry of India for quite some time now. The industry has made a considerable contribution to turning India’s reputation from a slow, emerging nation to a regional leader in delivering world-class development solutions. Industry analysts and NASSCOM predict that India’s IT workforce will cross 30 million by 2020, being the largest employer in the industry. That would be combined with a gradual rise in wages in the already high-base market. The outsourcing business, too, is looking to India and is projected to be a $2.5 billion market over the next 24 months.
B. Telecom Industry
India’s telecommunications story is just getting stronger. According to Zinnov’s figures, India now has approximately 850 million cell phone users, with a 15 percent smartphone penetration. The Telecom Regulatory Authority of India (TRAI) is also planning a 10-fold rise in broadband subscriptions to 100 million by 2020. Outsourcing revenues from the telecommunications market, as per E&Y, are expected to rise from 31 percent to almost $2 billion in 2020.
C. Healthcare Industry
The Indian healthcare industry also has advantages over other developing countries in becoming a global hub for medical tourism. The medical treatment and educational services in India are a fraction of the cost in developed countries. While we may lag in molecule development and drug patents, and increasing disposable income has led to strong domestic market potential in India. This will result in significant employment generation across various functions, such as sales, marketing, HR, IT, and operations, within the industry.
D. Infrastructure
Infrastructure development in India has been explosive over the last decade. Currently, we are the fourth largest and potentially the second fastest developing country, with infrastructure being one of the main pillars. However, whether it is roads and highways, rail, transportation , transport, electricity , power or oil & gas, the Indian Government and the different state governments seem to be making rapid progress. This has contributed to a large generation of jobs, but most of them are still in the unorganized sector.
11. What business can I do with 20k?
Entrepreneurship has become a familiar concept these days. This has become a matter for recent college students , who are preparing or are in the process of beginning their own company. People mostly believe that you need a massive amount of money to start any company. Yet the truth is, opening and operating a company is all about knowledge, hard work, and commitment. And that’s why you can launch a good company with your tiny savings like Rs. 20,000.
A. Digital Marketing
Digital marketing, one of the most challenging tools, provides various possibilities for business and employment. If you’re involved in web marketing and digital design , that’s the area you’re searching for. You only need a laptop to operate on, and mobile with an internet connection to communicate with your customers.
B. Handcrafted Products
Did you realize that people pay decent money for handmade cards, showpieces, jewelry? You don’t even need 10,000 to launch this one; you can begin from your home with a few customers. When you have the expertise, you can develop and place your company on the market.
C. Daycare Service
With the parents occupied in their work and jobs , the children are left alone at home. In this case, parents are searching for a program that caters to children and their interests regularly. Firstly, you may launch it at home. Talk to your neighbors; demonstrate to them that you can pay a small fee to look after their babies. Targeting children between 1 and 3 years of age, as the number of children grows, can take place in the area.
D. Tutorial Classes
No matter your gender, it’s another revenue-generating company that you can operate as part-time or full-time depending on your convenience. Find the subject you’re involved in, or where you’re a master and start teaching. Parents are also looking for opportunities where their children can study well and continue to progress in their academic careers. And, you’re going to offer them the remedy at some pre-defined cost.
E. Coffee Shop
Starting a coffee shop is going to cost very little. The most significant aspect here is your commitment to the pleasure of your clients. When a consumer loves the product, they’re likely to refer others to your store, because that’s how you build your client base. Of course, the position of your shop is also significant. Attempt finding it in or around the office park, or in a section of town with plenty of tourists.
12. What industries are dying?
A. independent car dealership.
Electric cars need much less operation than combustion engines. Customers can tailor their orders through online self-service solutions. Manufacturers are getting becoming more flexible with the way they manufacture their goods. You would soon be able to plan, warrant, and accept fulfillment with limited interference from the dealership.
B. Accountancy
Anything that can be transmitted into a mechanism that is controlled and standardized can vanish into AI. Even a high-volume tax analyst or corporate finance person will give his best advice and would be succeeded by an even smarter AI over the next ten years.
C. Transport
It’s not just the car movement that’s going to be impacted. No matter how many cars President Trump sends to the White House lawn, those positions are gone. The whole field of warehousing , distribution, transportation, and supply chain is at the maximum power of digital transformation.
13. What are the most successful small business ideas?
There are multiple small business ideas that can fetch you large profits in the longer run. Some of the most successful small business ideas include:
- Website design
- Business consulting
- Tax preparation and bookkeeping
- Courier services
- Online tutoring
- Real estate brokering
- Logo design
- Property maintenance
- Warehouse storage
14. What are the easiest small business ideas?
The easiest small business ideas that you can go for while starting a new business, especially as a beginner, would be to start a service-based business instead of starting a product-based business. A service business is a business where you sell services to your clients and get paid in return for those services. To put it in simpler words, you sell your skill , labour, and expertise instead of goods or products to run your business.
15. Which small business ideas have the highest profit margin?
As discussed in the article above, starting an incense stick manufacturing business can fetch you multitudes of profit by investing a very small amount of money on its production. The minimum investment requirement for an incense manufacturing business is around Rs 5 lakhs for producing 2.25 lakh packets which fetches you a profit of 7.11% with a 30.94% Return on Investment per annum.
16. What small business ideas can be started with zero investment?
If you’re holding back from starting a business because you don’t have the kind of money required for investment, then these small business ideas can be of great help to you as you require zero pennies to start them. Some small business ideas that can be started with zero investment are:
- Freelance writing
- Social media consultant
- Web designing
- Graphic designer
- SEO consultant
- Business coach
- App development
- Online retailer
Note: You can easily start these businesses with zero investment . However, once the business starts to grow, boosting it with some amount of investment can do wonders for your business.
17. What are the four types of business?
There are four main types of businesses , each of which is practiced in modern times. Each business structure holds its own legal differences and is adopted, depending on multiple factors like the business niche. The four types of businesses are:
- Sole Proprietorships: It is an unincorporated company that is owned by a sole individual.
- Partnerships: Partnerships are businesses that are owned by two or more individuals, who are known as partners or co-founders.
- Limited Liability Companies: These are regarded as the most flexible types of businesses that combine the aspects of partnerships and corporations.
- Corporations: Corporations are regarded as separate legal entities that are created by shareholders.
18. How do I start my own small business in India?
You can start your own business by following the steps given below. However, you must keep in mind that starting a business can be a very exhausting task, unlike a typical 9 to 5 job.
Here are the steps to follow to start your own business:
- Do your research
- Create a plan
- Plan and manage your finances
- Pick a business structure
- Register your business name
- Get permits and licenses
- Choose your accounting system
- Set up your business location
- Set up a team
- Promote your small business
19. What are the most successful small businesses in India?
Multiple successful top business ideas in India are on a small scale. These include businesses with catering services, tax preparation & bookkeeping , business consulting, web designing, cleaning services, online tutoring, and mobile hairdresser services.
20. What is the best business for a beginner?
As a beginner, venturing into a business can be quite confusing. However, that shouldn’t lower your spirits. There are many top business ideas in India that you can lay your hands on if you want to start your business in India as a beginner. Some best business in India for a beginner is home cleaning, blogging, photography, tuition classes , freelancing, etc.
21. Can I start a business with no money?
Starting a business with no money would have been a nightmare 10 years back. Today, if you have a functional laptop, a stable internet connection, and a good quality camera, you can start your internet business immediately. However, if you have no money and want your business to grow later, you can also lend money from your family and friends.
22. How should I capitalize on my business ideas in India company at the beginning?
As many as you can manage, preferably in a sum to keep you without income for at least 6-9 months, you’ll find that getting revenue always takes you longer, and you’ll experience more expenses than you anticipated in your business ideas.
23. How definitely would I be able to get venture capital funding for my top 10 business in India?
It isn’t peculiar. Get a project done of your small business in India, get traction, get a strong management team, and think about venture capital for your business ideas.
24. Should I need a prospective angel or risk-capital investors to sign an NDA to avoid robbing my business ideas?
No, don’t waste your time on protecting your business ideas in India. It will slow down your fund-raising process and be counterproductive. Although many investors would hesitate, a meeting with an investor is stressful enough – don’t place another roadblock in its way. Most importantly, it is not the idea. It is the realization of the concept and the business people behind it.
25. How much dilution of my company’s share ownership should I give up to investors in my business ideas?
No matter how much you get financed . Do not attempt to over-optimize ownership of your top 10 business in India. Get cash to expand your business ideas and to please your creditors.
26. How do I get a venture capitalist to pay me attention?
You can do the following things:.
- Gain a lot of business momentum
- Get a substantial increase in profits of your business idea
- Includes a diverse executive team
- Have an innovative technology and a great market chance of your top 10 business in India.
- Get an introduction from a trusted colleague to one of the VC business ideas partners.
27. How to come up with the right name for your business ideas?
It isn’t easy. First, brainstorm with a bunch of names for your business ideas in India. Then do a Google search to see what has already been taken, and it will delete 95 percent of the options. Make it very easy to spell. Just make it enjoyable. Don’t pick a nonsensical name where people don’t know what you’re doing. Search the name of the trademark /trade name. Then make sure you get a domain name for your top 10 business in India .
28. What are the challenges faced while starting business ideas in India?
- Capital deficit and cash balance
- Create a successful plan for business ideas
- Keeping up with a perfectly good or service
- Perform better than you expected
- Getting through the frustrations of being continuously rejected by the clients
29. What is the type of business that I should start?
Business ideas that:.
- You’re serious about
- Does not require one kazillion dollars
- In a reasonable time frame, has the potential to grow into top 10 business in India
- You got some experience in
- You would love to do
30. How should I protect my business ideas?
Ideas are a dozen cents. It’s the actual implementation of a more significant plan. If your business ideas in India is unique, get it a patent. You can get some copyright rights , trade secret services, or NDA’s, but not many.
31. Which business ideas are trending in India now?
Digital marketing is the hottest industry in India right now, and digital marketing provides endless opportunities for small business ideas. You can create digital marketing business ideas, and you can set up your private firm , sell various goods, and raise money through digital marketing.
32. Which is the fastest-growing small business ideas in India?
- Financial services
- Aerospace, Defense and Security
33. What are the business ideas in India?
Zomato is one of India’s most successful small business ideas and possibly one of India’s best-known food technology firms.
34. What business ideas can I start with Rs 3 lakhs?
Some of the lucrative small business ideas for a novice may be a stationary shop. The duration of break-even for stationery will be at most 1-2 years. Build the set gradually and still try to see how it functions and make subsequent improvements towards business ideas.
35. How can I start small business ideas at home?
- Buy products in bulk to sell.
- Sell homemade products you make yourself.
- Start a dropshipping store.
- Start a print-on-demand store.
- Sell your service or expertise.
- Productize your service or expertise.
- Grow an audience you can monetize.
- Buy an existing ecommerce business.
36. Which are the best business ideas for ladies?
- App Developing.
- Online Retail/Wholesale.
- Financial Services.
- Agriculture and Farming.
- Dog Walking and Pet Services.
- Cooking, Catering, and Restaurant Management.
- Marketing and Public Relations.
- Photography .
37. Should I start my small business ideas?
Your reasons for starting business ideas will involve a variety of these factors, rather than, say, just making it a money opportunity: you can make a living by doing what you enjoy (or at least what interests you). You’re in charge of every aspect of your working life, from when you work to where and with whom you work for business ideas.
38. What business ideas are in high demand?
- Social Media Consulting
- Senior Care Services
- Smart Product Development
- Organic Beauty Products
- Healthy Fast Food
- Healthcare Consulting
- Crowdfunding Consulting
39. Which small business ideas are the best for earning money?
- Educational blogging
- Teaching online
- Green app developer
- Uber driving
- Social crowdfunding
- Creating a betterment program
- Writing ebooks
- Create an educational travel company
40. What business ideas can I start with 50k?
- Vegetable/Fruit Daily Home Delivery
- Homemade products selling on Amazon
- Domain flipping business idea
- Ten Types of Tea Selling Business
- Homemade namkeen making
- eBook Writing & Podcasting
- Paper bag making business
- Electrical Maintenance Service
41. What small business ideas can a homemaker start?
- Social Media Consulting is one of the most popular internet-based business ideas for women entrepreneurs.
- Specialty Cake Making- Specialty cake-making is one of the most lucrative home-based small business ideas that any housewife can start on a part-time basis.
42. Which business ideas are best in lockdown?
- Affiliate marketing
- Delivery services
- E-commerce Store
- Virtual assistant
- Website Creation
- Professional freelancer
43. Is it challenging to start small business ideas?
Beginning business ideas is hard work, needs a lot of effort and preparation, which only pays off in the long run. Take an objective to peek at yourself before you run for small business ideas. Are there people with real pain and money? Customers can “want” a commodity, but usually only pay for items they “need” physically or emotionally.
44. Is 2020 a good year to start business ideas?
In the sense of a possible global slowdown, several small business ideas are jumping down their hatches, hoping to have the storm over. However, now may be the right time for agile founders with a passion for creativity to start their business ideas.
45. What products are in high demand for small business ideas?
- CBD oils and products
- Eco-friendly products
- Natural skincare and cosmetics
- Specialty teas
- Diet fad-products
- Subscription food services
- Subscription orders
46. How do I start small business ideas?
- Write a business plan, any business plan for business ideas
- Determine how you’ll make a profit
- Start with as much of your own money as possible
- Protect yourself
- Start small
- Get it in writing
- Keep your edge
- Hire the right people
47. Which are the most accessible business ideas to start in India?
A services provider is the most accessible small business ideas to launch, especially for a newbie. A service provider is some form of product you offer. With other terms, instead of goods or items, you are marketing your knowledge, job , or abilities for business ideas.
48. Can a 17-year-old start small business ideas?
A 17-year-old would be emancipated to buy a company, which ensures that they are deemed an adult from a legal perspective. States have varying criteria for the liberation of a 17-year-old, although the most popular method is getting a parental or guardian agreement. You have marriage requirements.
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For hustlers, creators and winners
Top 81 Manufacturing Business Ideas Under 10 Lakhs In India That Guarantee Profit
Best Manufacturing Business Ideas in India: “No matter what anybody tells you, words and ideas can change the world.” So that is what we bring to you today-a curated list of manufacturing business ideas under 10 lakhs in India to choose and experiment from.
If it’s your first time, deciding which business to start will help.
Types of Industries in the Manufacturing Business
There are two types of industries in the manufacturing business. This industry is divided into two parts based on the raw materials, role, and capital investment in manufacturing businesses. The types of industries in the manufacturing business are as follows:
Types of Manufacturing Businesses Based on Raw Materials
The types of manufacturing businesses based on the raw materials are as follows:
- Agro-Based Manufacturing Industries: Agro-based businesses are those where the raw materials are produced through agriculture. For example, jute, cotton, coffee, tea, rubber, sugar, etc.
- Mineral-Based Manufacturing Business: Those businesses that are manufacturing products that are not produced by agriculture are known as mineral-based manufacturing businesses.” Some of the minerals used in the manufacturing business are steel, iron, copper, gold, etc.
Types of Manufacturing Businesses based on Role
Manufacturing businesses are divided into two types based on their roles, and they are:
- Consumer Industries: Consumer industries are the industries that manufacture the products that are directly used by the customers, such as rubber, sugar, paper plates, etc.
- Key Industries: Key industries are the industries that are supplied to companies to manufacture other products. For example, steel, iron, aluminum smelting, etc.
81 Best Manufacturing Business Ideas in India Under 10 Lakhs to Start in 2023
The 81 most profitable manufacturing businesses to start in India are listed below:
1. Hair Oil Manufacturing Business
With the internet booming with a plethora of information, people have become more aware of their health and have actively started seeking out alternatives to products that damage their bodies. Ayurvedic items such as herbal hair oil have become a must for people seeking to heal their hair. Both men, women and children use it for their personal care, hence, there is a huge demand for it, and starting an Ayurvedic hair oil business in India will only bring you profit.
First and foremost, you need to register your business as you cannot operate with a license. Certain types of machinery will be required to manufacture hair oil. Individuals engaged in this type of business are estimated to make between INR 25000 to INR 50000 on a weekly basis. And a thriving Ayurvedic hair oil new manufacturing business idea with medium investment will require at least a manpower of 5 to 8 employees.
2. Detergent Powder Manufacturing
Since they are a part of the FMCG business, detergent powders are frequently utilised by many people. Detergent Powder has a large market potential because it is a quick-moving product that is frequently used at homes for washing clothes, among other things. The potential for the Detergent Powder manufacturing business idea in india to become a profitable venture is wide. Indian households use a large amount of detergent every month as it is an essential ingredient for the sanitization of their clothes. The production procedure for detergent powder is fairly straightforward, which is the business’s biggest advantage. The first thing you must do when starting your business is to get it registered.
You should narrow down your targets and approach them. Some of the targets would be local shops, supermarkets, distributors, retailers and more. In a medium-sized thriving business, you can make up to 2 lakhs or more per month.
3. Women’s Footwear
Women’s footwear is one of the best production business ideas. The world is evolving and so are the choices. Women are actively seeking home-grown brands and are more than willing to try new and unique styles.
The demand for businesses that manufacture non-leather, cruelty-free, fashionable yet comfortable footwear for women is on the rise. And this is the best time to take the leap.
Here, again, social media marketing proves to be fruitful – you can start with your website/blog/page. Know more from those who are already leveraging the industry – Devika Srimal’s Kanabis, a Delhi-based footwear business and Chondamma Cariappa’s The Sole Sisters .
Interesting story – Chondamma started a Facebook album named ‘Fetish’ where she would post pictures of shoes from various parts of the world that she came across while travelling.
The album turned into a blog, ‘The Sole Sisters’, and the response she received pushed her to start the footwear label.
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4. Eco-friendly Cutlery and Kitchen Items
The common denominator in all successful manufacturing businesses under 10 Lakhs in India is that they all make their customers’ lives easy. Eco-friendly cutlery is another growing business that does the same and known as best business under 10 lakh.
It not only saves us from the hassle of maintenance but also is the best possible alternative to plastics.
With our generation becoming more aware and environment-sensitive, there’ll be no dearth of customers in this business. The aesthetic appeal will serve as an added advantage.
For this, you’ll need to invest in cutlery making machines that will cost around INR 50,000. The best example I can think of is Narayana Peesapaty’s Hyderabad-based Bakeys that makes edible cutlery from nutritious food materials.
The company claims the cutlery contains no chemicals, additives, or preservatives. Bakeys claims the products have a long shelf life as they are moisture and fat-free.
5. Environment- Friendly Bags
This category encompasses Jute, canvas cloth, and paper bags that are sustainable alternatives to plastic ones. This is one business that will never fall short of customers because. Well, we are not going to stop using bags anytime soon!
Paper bags and envelopes are in high demand with large supermarkets, pharmacies and other retailers. Its raw material is inexpensive and available in abundance.
The use of biodegradable and reusable “golden fibre” is also at a high. And its manufacturing process is also simple. These kinds of bags serve multiple purposes.
The canvas cloth bags, on the other hand, are used by college-going students which again make them rich in demand. EcoAd is doing a great job in this context.
The paper bag making startup says – “We target the elimination of polyethene from our culture and society. Every day we are getting closer to it. Closer we go more we realise the magnitude of this issue.”
6. Smartphone Accessories
Out of the many manufacturing ideas under 10 Lakhs in India, this one is obvious. With smartphones, we carry our world in our pockets, quite literally.
There’s no if and but about its demand – and the same goes with its accessories. Anyone who uses smartphones will need tempered glass, phone cases/covers, selfie sticks, and other accessories as well.
This makes the business high in terms of profit. Speaking of investment , the low capacity tempered glass making machines cost around Rs 75,000 while high capacity ones cost over Rs 1.5 lakh.
One inspiring story is that of Chirag Demla and Pawan Demla’s CellBell . It’s an eCommerce platform for mobile accessories – Selfie sticks, headphones, cables, screen glass, and covers that started with an initial investment of 7 lakhs.
Recently, CellBell was selected by Amazon as a ‘strategic account’ due to its consistent sales performance and was the single brand account to achieve a sales target of over Rs 12 crore.
7. Personal Care Range
In today’s day and age, people are more than willing to splurge in natural/organic personal care products. The reason is simple – awareness.
The products range from facewash, face creams, lotions to lip balms and scrubs. You can choose a single product or an entire range to start your business. The returns are great and sure to come.
One such home-grown brand is Shabia Walia’s Mumbai-based Wild Earth . It offers natural beauty products free from sulphates and parabens.
Started with a single product, she then went on to launch her own company. It today has 17 categories of products for hair and skincare that recorded an annual turnover of Rs 1.23 crore.
8. Recyclable Apparels
What if I tell you heaps of waste can build you an empire? Well, not an empire, but definitely a start-up. You can recycle waste or used clothes to produce edgy apparels out of it.
Sounds innovative? It is, and start-ups are leveraging it already. A unique idea backed by innovative marketing can turn this business into a goldmine.
One such inspiration is RawPressery , a Mumbai-based food and beverage startup that has started an eco-friendly initiative called RawCycle . “The used beverage bottles are first washed and chopped into flakes.
These are then melted and converted to chips before extruding the same into yarn. The yarn is woven into a fabric, stitched and dyed to make t-shirts,” Raw Pressery told YourStory.
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9. Indian Handicraft Items
Thinking of starting a social startup? Here’s an idea! Indian handicraft items are high in demand and bridge the gap between artisans and customers.
You can start this manufacturing business with low investment, and there’s much more than monetary benefits you’ll earn in return.
One such story is that of Ahmedabad-based Gaatha . They use recyclable materials such as bamboo, wood, leather, fibre, and even urban waste to produce clothes, jewelry , paintings, and stationery. The products are crafted by artisans of Gujarat, Rajasthan, Madhya Pradesh, and Kashmir.
10. Handmade Candles
Handmade candles is one of the best manufacturing business examples to start. We are a generation that strongly believes in the power of aesthetics. And that makes handmade candles a high in-demand product.
In recent years, there’s been an inclination towards scented and therapeutic ones – found in restaurants, households, and hotels, spas, and spiritual places. With an initial investment of INR 20,000 to 30,000, you can expect great returns, especially in the festive season.
11. Homemade Chocolates/Cookies
Let’s face the fact – Indian have a sweet tooth! And we are always looking for new and refreshing flavours. If you think you can serve pure delight on a platter, then this manufacturing business is for you.
The best part? It requires an initial investment of less than INR 50,000. Also, you’ll have a wider target market to cater to as this is one product that will tickle the taste buds of children and adults both.
12. Garden Landscaping
There are multiple backyard/ garden landscaping ideas available online. All you need to do is come up with something similar at your place and for which you won’t need to shell out a fortune as well.
For there are a number of flea markets and recycled goods stores present in major cities. You can also upcycle old furniture to come up with mix and match styles of decor. Once you’re done posing across the newly landscaped backyard or garden of yours, just post it online for marketing it across. And don’t go anywhere but your existing social media handles to showcase your work. When you’ve successfully created a buzz around your newly acquired skills, it will be time to cash things in by taking up projects.
13. Pickle-Making
Pickle making is one of the unique manufacturing business ideas to get started with. All you need for kick-starting a pickle business in India is the right workforce. Once you set your hands upon the right people to deliver the utmost, authentic taste, this venture hardly needs any more investment. Pickle making, packaging and delivery has been one of the most underrated manufacturing businesses under 10 Lakhs in India with low starter investment.
14. Dairy Production
Go local is the sentiment echoed by many when it comes to consumption of dairy products in both urban and rural areas. Dairy production does require low capital investment but the legal and compliance framework of this business can be a tough job.
Cattle and feed legal requirements are strict and tasking. Although known as the business for all seasons in India, dairy production can be an exhausting endeavour.
Other than these 14 sought-after manufacturing businesses under 10 Lakhs in India, there are several more to sample from. Dairy production is one of the bets manufacturing opportunities in India.
15. Homemade Ice Cream Production
Homemade ice cream is one of the best small food manufacturing business ideas. Many of you would have heard about Raghunandan Srinivas Kamath, the founder of Naturals Ice Cream. He was initially selling Pav Bajji’s but ended up selling only ice cream after one point of time, noticing how Indians love to end their meals with something sweet.
Taking inspiration from his business, many of the newcomers who would wish to start a business related to food manufacturing can start with ice cream manufacturing. No Indian says no to ice cream unless he/she is allergic to it. When it comes to ice cream, people of all ages love to consume it. So, if you want to start with a home-made or production business ideas in India, starting an ice cream business is the best option.
16. Homemade Jelly
Starting a homemade jelly manufacturing business requires careful planning and research. First, you will need to identify the types of jellies you want to make and source ingredients that meet your standards. You will also need to create a food safety plan, obtain necessary permits, and design labels for your products. Additionally, you will need to consider packaging, marketing and distribution options. Finally, it may also be beneficial to partner with other businesses or organizations to help spread the word about your jellies.
17. Rakhis Made at Home
Starting a rakhi manufacturing business requires research, planning and dedication. You will need to determine the types of rakhi you want to produce, and source the right materials for production. You will also have to create a business plan, and develop a marketing and distribution strategy.
18. Paper Egg Tray Manufacturing Company
In recent years, the egg tray business has been one of the most profitable manufacturing business idea. The egg tray business has seen rapid growth in recent days due to increased consumption of eggs. As more people consume eggs, the demand for egg cartons is also increasing. To start the egg tray business, one needs to set up a pulp molding plant that contains egg tray making machines to manufacture egg trays.
The pulp molded inside the pulp molding plant is nothing more than a material made of waste and recycled papers used to manufacture egg trays. For these, one will have to figure out the place to install egg tray manufacturing machines, depending upon the supply, financial assistance, etc.
19. Envelope and File Production
Envelope manufacturing is one of the best manufacturing business under 10 lakh investment. Paper envelopes are still used daily in offices and schools, even in this advanced tech era. There are different types of enevelope-making machines available on the market. Choose the right machine depending on the monthly production you are planning. Once you are done with the business plan analysis, get going and start manufacturing your paper envelope business.
20. Making Hand-Made Paper & Personalized Gift Wrappers
Who doesn’t love personalised gifts? Handmade customised gifts are one of the most popular and top trending businesses in recent days. If you are looking for a business that has less competition but good profits, then you can go with handmade paper and personalised gift wrappers. Since a lot of people lack creativity and patience , you can be a good player and help people give personalised gifts for their loved ones.
21. Ready-to-Eat Foods
With so many advanced technologies in the world, people are completely dependent on machines. Due to this, most people even stopped cooking and switched to online ordering. However, online ordering has its own set of advantages and disadvantages, such as inaccurate delivery, wrong food delivery, delivery charges, and so on.
Hence, most people are trying to switch to ready-to-eat meals, where they can carry them with them at any point in time and consume them wherever they want. Some of the ready-to-eat meals are cup noodles, salads, cooked meats, smoked fish, desserts, sandwiches, cheese, and other foods that need to be cooked in advance and consumed when they’re cool.
So if you have a better idea here, start manufacturing the ready-to-eat foods.
22. Cosmetic Products
One of the most popular manufacturing businesses in India is cosmetics. Who doesn’t love beauty? Everyone wants to be presentable and project themselves as smart and decent.
Due to pollution, food consumption, and stress, there are various reasons why one’s skin is affected. As a result, everyone owns at least one cosmetic product in order to appear presentable.
Given this, if you can create organic cosmetic products that naturally help your customers restore the appearance of their skin, you will undoubtedly profit. Hence, manufacturing cosmetic products is a great idea to see the profits.
23. Millets Based Foods Manufacturing
The desire to be healthy is growing by the day. Millets are an important food that has been facing increasing demand due to its health benefits. Millets are a good source of calcium. About 40% of Indians face calcium deficiency, and one can take good advantage of this.
India produces sorghum and pearl millets, which are good sources of calcium. Hence, one can manufacture food or snacks using millets. The following are some of the most popular millet-based foods:
- Bread (Ragi and Bajra)
- Mud flour is convenient.
- Cookies (Ragi & Bajra)
- Decorticated ragi
- Expanded bajra
- Expanded ragi
- flaked rte jowar
- Germinated Ragi Drink Mix
- Ragi-based instant beverage
- Instant ragi semolina porridge
- Jowar flakes
- Enzyme-rich malted ragi flour
- millet-based upma and halwa mix
- Millet semolina (coarse and fine)
- Muffins (Ragi and Bajra)
- Multigrain drink mix
- Multigrain pasta
- Multigrain Sweet Mix (Halva)
- Nutritious millet flour
- Pedal-operated millet dehuller
- Ragi flakes
- Ragi pappad
- Ragi vermicelli
- Shelf-stable bajra flour
- Shelf-stable jowar flour
Hence, with so many millet manufacturing options, choose the right product that you feel is most preferred in the market and start manufacturing the same.
Also, if you are planning to grow millets and manufacture millet-based products, think about the Government Seed Production Program in India. Under this program, people earn huge amounts of money just by producing high-quality seeds.
24. Handmade Organic & Exotic Soaps
Handmade organic and exotic soaps are one of the new manufacturing business ideas with medium investment. With more and more people opting for chemical-free alternatives, it is the perfect time to dive into the hand-made organic soap business.
You need to make an initial investment of INR 1.5 – 2 lakhs and can expect pretty exciting returns. Another favourable fact is – you won’t have a hard time convincing prospects.
Why? Because people are already switching to an organic lifestyle. Check out SoulPure , a Bangalore-based startup that produces not only skin-friendly but also environmental-friendly soaps, for more inspiration.
25. Bakery Products
The largest industry in the food processing sector in India is the bakery business. Products made by bakeries have gained enormous popularity nationwide. One of the most lucrative food processing business opportunities that one can start with either owned or rented premises is a bakery.
The key to success in the bakery industry is choosing the correct product and implementing an effective marketing plan. You must select the precise products for your bakery product manufacturing based on the market and financial factors.
There are two sorts of money that you will need to secure when starting a bakery business. One is fixed capital used to set up the facility and buy equipment. Working capital is the second. Banks offer hire purchase leasing for the acquisition of machinery.
26. Mineral Water Manufacturing
For individuals who want to start a manufacturing firm, the bottled water venture is an innovative option. This product not only has a significant potential for profitability but also a growing market demand. Due to its extreme purity and cleanliness, people now prefer purchasing mineral water over conventional drinkable water. The overall supply chain is disrupted by the growing demand for mineral water, which increases pressure on the current facility to increase production. New business owners are being drawn to India to build mineral water factories as a result of the rising demand.
27. Toy Manufacturing
Numerous advantages make the Indian toy manufacturing sector a profitable investment opportunity. For instance, it is one of the most promising industries in the nation due to the low cost of production, sizable home market, and growing global demand. The Indian toy market is thought to be worth $1.5 billion, or 0.5% of the global market. The majority of the toy producers in India are concentrated in the states of Tamil Nadu, Maharashtra, Karnataka, and more. The toys industry in India has the potential to grow to $2-3 billion by 2024.
28. Sports Goods Manufacturing
India’s sports goods market is one of the largest in the world and has been in existence for about a century. Because of its success and the professional workforce that supports it, the industry is well-known for helping to boost employment rates and the national economy. Uttar Pradesh, Punjab, Maharashtra, Delhi, Tamil Nadu, Jammu, and West Bengal are among the top sports goods producing states in India. India exports sporting goods to the USA, China, Australia, Germany, the UAE, the UK, Netherlands, France, South Africa, Sweden, Canada, Belgium, Brazil, Chile, Denmark, and a total of more than 200 countries.
29. Biscuit Making
Although it requires specialised knowledge and certain expensive equipment, the production of biscuits can be profitable with enough effort. In India, the biscuit market is expanding quickly and has a lot of room for expansion. Effective decision-making and strategic planning are essential in the biscuit industry when deciding how to sell, how to package products, how to set prices, etc. In the biscuit making sector, the packaging is crucial. Consider creative packaging ideas. You must offer packaging that is both appealing and waterproof. Regarding bulk supplies, pay attention to the outer carton as well.
30. Leather Products
From making leather to using it to create your products, leather production continues to play a significant part in the industrial sector. Due to the growing preference for cruelty-free leather among customers and manufacturers, the leather industry can be plagued with ethical dilemmas. You can incorporate leather in almost any product you can think of. Small and medium-sized leather products manufacturing business ventures can be built into successful businesses.
31. Hair Wigs and Hair Extension
The demand for hair wigs and extensions has been growing rapidly. While a few people have improper hair growth, others don’t want to grow long hair and try to prefer shorter hair according to their personalities.
Hence, people who don’t have hair will use the hair extensions if they have to attend wedding parties and style themselves using the extensions. Further, wigs and hair extensions are also used by the people in their everyday lives according to the dresses they wear.
Thus, the hair wig and hair extension manufacturing business is one of the best business ideas to start in 2023 to get profits.
You can offer bleached human hair extensions, virgin hair extensions, double-drawn extensions, and many other types of extensions. Also, depending on the client’s requirements, you can manufacture hair extensions in various colours and types, such as curly, frizzy, etc.
People are very interested in human hair because it can be styled in a variety of ways. Hence, always try to manufacture human hairs whenever possible.
32. Fashion Jewellery
This is one of the most profitable manufacturing business ideas under 10 Lakhs in India.
What makes it profitable? Rather than hoarding on gold and diamond, modern-day women now buy jewellery that is light and pleasant and wears it to work, events, and celebrations. And fashion jewellery serves the purpose well.
These days jewellery brands leverage e-commerce and social media – Instagram and Facebook pages, for marketing. Secret tip – Influencer marketing is a great way for such brands to gain traction.
For clarity, study about Pipa+bella , brain-child of Suchi Pandya, a thriving Mumbai-based jewellery business.
Other Top 49 Manufacturing Business Ideas in India
Apart from the above 32 manufacturing ideas in India, here are the top 49 manufacturing business ideas in India that you can start in the year 2023. The best part of the following manufacturing business ideas for India is that you can start all of them with as little investment as you have.
- Automobile Parts Manufacturing
- Computer Hardware and Networking Products Manufacturing
- Pharmaceutical Manufacturing
- Bottled Water Manufacturing
- Brewery Manufacturing
- Plastic Products Manufacturing
- Textile Manufacturing
- Food Processing
- Garment Manufacturing
- Soap Manufacturing
- Paint Manufacturing
- Packaging Manufacturing
- Agarbatti (Incense Stick) Manufacturing
- Solar Panel Manufacturing
- Sewing Thread Manufacturing
- Automobile Spare Parts Manufacturing
- Solar Water Heater Manufacturing
- Electric Wire and Cable Manufacturing 25. Rubber Products Manufacturing
- Battery Manufacturing
- Tractor Parts Manufacturing
- Mosquito Repellent Manufacturing
- Automobile Tyre Manufacturing
- Steel Furniture Manufacturing
- Packaged Drinking Water Manufacturing
- Plastic Bottles Manufacturing
- Bed Linen Manufacturing
- Hair Oil Manufacturing
- Coconut Oil Manufacturing
- Groundnut Oil Manufacturing
- Frozen Meals Manufacturing
- Renewable Resource Manufacturing
- Windows and Doors Manufacturing
- Pharmaceuticals Manufacturing
- Organic Body Soap Manufacturing
- Organic Body Essentials Manufacturing
- Women’s Slipper Manufacturing
- Tissue Paper Manufacturing
- Water Bottle Manufacturing
- Hand Wash Manufacturing
- Bags Manufacturing
- Pen Manufacturing
- Agro and Food Chemicals
- Construction Chemicals
- Pharma and Medical Disposable Products
- Wood Combs, Glasses, Brushes
- Nutraceuticals products
- Zero Waste Products Such as Cloth bags, Cutleries
- Pharma Chemicals
- Dietary Supplements Manufacturing
Profit-Making Manufacturing Business Ideas Under 10 Lakhs in India
Starting a manufacturing business in under 10 Lakhs India is easy. Some of the profitable manufacturing business ideas under 10 lakhs in India include 3D printing services, vegetable processing, instant noodles production, soap and detergent making, digital printing, paper cup manufacturing, bag making, incense stick making, and herbal products production.
FAQs on Manufacturing Business Ideas
The frequently asked questions on manufacturing business ideas are given below:
Which among these is the manufacturing business? A) Plastic container manufacturing B) Smartphone manufacturing C) Hairdressing business D) Candy manufacturing Plastic container making , smart phone making, and candy making businesses are manufacturing businesses.
What are a few production business ideas? Some of the production business ideas are leather and fabric production, eyeglasses and frames manufacturing, and plastic bottle manufacturing.
What is the best manufacturing business in India to start? Some of the top manufacturing business in India to get started are phone accessories, household accessories, organic snacks, and stationery items.
Is there any manufacturing business under 3 lakh? LED bulb manufacturing & soft toy manufacturing are some of the best businesses under 3 lakh that can be manufactured.
What are some of the easy manufacturing business ideas? Some of the easy to manufacture business ideas are mask making, disposable garbage bags, stationery items for kids, pet supplies, bindi making, kitchen essentials.
The fact is that the business world and its ways are reforming. And in 2023, you do not need to be another Larsen & Toubro or another Jindal steel to make a difference; you just have to be – well, you!
Entrepreneurship in the manufacturing business might seem to be a fancy venture where you can dabble your way to success, earn millions, and live happily ever after. But let us burst the bubble and tell you-the truth cannot be any further. It requires plans, business strategies , skills, expertise, a supportive team , and most importantly, honest efforts to make a dent. With the right idea and strategic execution, we can promise you this – it will be worth it!
Which idea are you choosing to experiment with to make 2023 a groundbreaking year?
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Top Business in India [17 Best Business Ideas]
With the evolving market trends, India, the fast-developing countries, always witness a good scope in new avenues for investment and exploration. Besides, the economy also plays an imperative role in evaluating what businesses will be most profitable and sustainable.
A good idea may not have a monetary value but will assuredly bring the bursting potential. Take examples of the world’s most prominent entrepreneurs; Steve Jobs, Bill Gates, Mark Zuckerberg, or Elon Musk; none of them started at the top of the ladder. Bill Gates developed Microsoft after he decided to drop out of college. Moreover, he invested a minimal amount initially to build Microsoft.
To embark on a similar journey and get inspiration from successful entrepreneurs’ stories, it is needless to say that an efficient business idea may help you build your empire and get recognized worldwide. The importance of a robust business idea may also help you create a game-changing business. Agree?
Just never lose hope, and always keep dreaming. As is truly said, ‘ You Can If You Will.’
Well, we know for sure that one must be ambitious, visionary, committed, focused, and skillful to establish a brand/business/organization so that you get the highest possible returns.
However, some people have exceptional business acumen but are not cognizant of the best profitable business in India. Are you one of them? Not a problem, as we are here to help you inform, which business is best in India?
Top Business in India (2021)
India is a country full of lucrative opportunities and aspiring entrepreneurs . So why not grab one of the opportunities and become a successful businessman. Listed below are some of the top business ideas in India turning to be the most profitable businesses:
1. Wedding Planner
You must have heard or been a part of a ‘Big fat Indian wedding?’ The term exists for a reason. Be it any culture, weddings are taken very seriously, and people are ready to spend a hefty amount to make their weddings memorable.
Today, the scope of earning through this profession has become so evident that even multinational corporations like Uber are tapping into this industry, so why not you!
Before becoming a planner, launch yourself in wedding consultancy , make a captivating website, and reach out to potential clients online. Start sharing your ideas regarding what best can be done in a wedding, leaving an indelible impression on the visitors.
If people like your ideas, and consultation, then they might hire you to organize and manage the entire wedding event. You can turn the whole event into an unforgettable saga, from the pre-wedding shoots to the ‘bidai’ ceremony.
The best part about this profession is that there is no recession and downfall in this profession. People will get married and spend money on organizing their wedding, no matter what!
2. Travel Agency
Did you know India ranks 10 th in the world for travel and tourism? So, undoubtedly, our country is a renowned tourist destination which makes it a great industry to make your career in.
Ample travel agents are earning exceptionally well as this industry witnessed a fantastic surge in the past decade. Maybe it is because of the home-based cost-effective travel agencies.
The importance of travel was overlooked in older times. But now people want to see the world, witness different cultures, new sites, music, enhance their creativity, enjoy the sense of happiness and satisfaction through traveling.
These attributes make it one of the best profitable businesses in India. The best part about this profession is that you can operate this business from home as well. Starting this business from home is very easy, as you need to tie up with a host agency. As it will help you keep your costs low and let you earn higher commissions. At the same time, tying up with them will help you receive the benefits of pace (allow you to get IATA, CLIA, or ARC number faster) and enable you to perform all the back-end functions seamlessly.
Also Read: 20 Successful Home Based Business Ideas in India
3. Real Estate Agents
The business has ample money and is known to be one of the most thriving sectors in India. Without a doubt, many individuals have become filthy rich after getting involved in real estate. By 2030, Indian real estate is expected to reach $1 trillion.
With the rapid rate of urbanization and growing nuclear families, the demand for housing has increased significantly. Also, the frequent new construction of the houses, buildings, apartments, offices, high-street retail complexes allowed real estate agents to yield high-end margins out of it.
If you are looking to generate massive revenue through this profession, you need to invest a large amount of capital . However, you can also start this business in low capital, but it will not allow you to fetch greater profits. You can easily earn 1% to 6% commissions on the property value you are selling, leasing, or renting.
4. Website Design and Development
Every business needs a website. But, with e-commerce leading the way, no business could afford an ordinary website. It is only the website helping your business stand out from the clutter and your competitors. In order to achieve this target, one needs to have an exquisite and engaging website leaving a solid impression on the audience.
According to a survey, the best way to gauge the business’s credibility can be determined after seeing the design/layout of the company’s website.
Furthermore, all types and sizes of businesses have realized the value of online presence. Thus, the website development stream has a broad scope and can allow you to earn handsome revenue. The business can turn to be highly profitable if you find instant customers.
Also read: 120 Best Affiliate Programs
5. Interior Designing
The industry of interior design is rapidly growing in India . In 2021, the industry is expected to increase by 3.5%. Plus, the stream has a comprehensive scope, the overall growth in the real estate sector, construction of houses/offices, growing population, and urbanization.
Getting your hands on interior designing can lead you to the ultimate path to success.
You might be thinking how? With the adoption of a lavish lifestyle by many people, they are opting to renovate their old houses, change the interior of their bathrooms and kitchen, and bring new color themes.
All in all, the demand for modern furniture, especially antiques, has also seen a tremendous upside. Plus, the domain is witnessing many influencers on social media channels, including Twitter, Facebook, and Instagram.
If you are able to grab solid clients, you can earn very well in this profession as interior designers charge extravagantly.
6. Pharmaceuticals Business
The business is everlasting and cannot die. Many attributes make this business a sustainable venture if you start your journey in the pharmaceutical business.
Undoubtedly, the profession leaves every profession behind if we see the significance and profitability, which is why it is considered the top business in India.
India is the world’s largest exporter of generic drugs, which clearly determines the scope of profit-making in this stream of business. You can earn magnificently well if you purchase the products directly from the company and sell them in bulk to the distributors or wholesalers. Simultaneously, you can also earn a decent margin if you are selling pharmaceuticals in retail.
However, the industry is very competitive with a massive workforce of engineers, entrepreneurs, and scientists , and doctors who are a part of this vast business stream.
Also Read: 30 Profit-Making Small Scale Manufacturing Business Ideas
7. Building Materials
The market goes alongside real estate. Just because the real estate sector is booming, how can the demand for building materials!
Seeing the current trend, you can become filthy rich by supplying all types of building materials needed to build the office, house, or any other structure. For instance; supply of sand, soil, concrete, cement, bricks, steel, and aggregates.
You can also start the production of steel as the steel demand is increasing, and it is expected to grow in the future due to the auto industry and the rise in construction worldwide. In addition, it is expected that the Indian steel industry would produce more than 290 million tonnes by 2030. So, why not be a part of the industry and enjoy the profits.
8. Clothes and Accessories
One of the oldest industries in the Indian economy is the textile sector. The industry is dating back multiple centuries.
According to the industry analysts, the scope of earning profits from clothes manufacturing ranges from 5% to 15%. However, the retailers earn pretty more depending upon their clients, location, and other factors.
If you do not want to enter the production stream, you can also grow your business while procuring accessories and rent them at much lower prices than the original one. It might be a good start-up if you are a beginner and are not willing to invest much!
Also Read: 30 Best Business Ideas with 5 Lakhs Investment
9. Educational Mobile Apps
Are you tech-savvy? If yes, you can utilize your skills to create technical aids, such as educational apps. It is a booming industry as everything is going digitized. So why not education.
Many schools are trying to adopt digital books instead of forcing the child to carry the compilation of a heavy set of books.
Hence, entering the business of producing apps with expertise in a subject matter and enhancing knowledge on a particular subject. Or, you can also build overall development apps dealing in multiple subjects.
You can generate ample revenue through this business as the online education industry has a bright future.
10. Furniture Making
Furniture is requisite, even if it is your house, office, or factory. It is also required in schools, banks, and other government/private institutions. Thus, it has an everlasting demand.
Moreover, the fascinating pictures of swanky houses/offices on Pinterest, Facebook or Instagram, inspire many individuals to realize their dream home and upgrade their space with contemporary furniture. The opportunity is lucrative, even if you manufacture it (which may require a more extensive investment), or you can also buy it from any distributor/wholesaler and supply it to your clients.
You can earn significant profits by buying custom-made or upcycled furniture, which you may get at affordable prices, and re-sell it at higher prices.
Dealing in some other unique, small-sized, and trending furniture that takes up less space, and serves multiple purposes, is one of the robust marketing ideas for becoming famous and fetching more clients.
Also Read: Top 20 Franchise Business in India
11. Accounting and Auditing
Accounting is one of the most crucial aspects of every business. Therefore, efficient accountants and auditors are always in high demand as their primary function is to manage and manipulate the accounts of financial transactions, helping businessmen save taxes undisputedly.
Today, every almost everyone is filing their tax return, no matter they are involved in small-town businesses or a startup.
Being an accountant or auditor, your primary role is to summarize the transactions in financial reports and create financial statements. An accountant is also liable for data management, consultation & analysis, and ensuring regulatory compliance in the company’s accounting practices.
If you have a background in finance, and accounting, go for it and earn immensely.
12. Consultancy Services
Want to run a one-man show? That too, without putting in more of an investment? You can start with home-based consultancy services that rose to prominence in the past decade.
Finding an answer for which business is best in India? Here it is!
Many people come through for queries around a particular field. You can charge them with high fees (hourly-based) and provide your impeccable services that help them transform their lives and achieve what they have always desired.
You can also conduct leadership programs helping people find and explore their potential to achieve what they have never even thought of. Make them dream big because it is important to make them realize that every dream can come true until they have the courage to pursue it!
13. Organic Farming Business
These days the fast-paced lives are leaving a negative impact on our minds and our overall health. To balance those demerits, numerous people are resorting to a healthy lifestyle.
To adopt such a lifestyle, they need to consume healthy, pure, and natural food that does not contain any pesticide or artificial fertilizer residue. These attributes have resulted in the inclination of people’s minds and souls towards consuming organic food, leading to its demand surge.
Many companies are buying organic food directly from farmers as there are no middlemen. This provides those farmers with a huge profit margin, especially on organic food . What can you do?
You either start with cultivating in your own backyard or small garden or purchase farmland if you want to start on a large scale. Farming is not very difficult to learn; you can learn it and master your skills while watching videos and getting training from actual farmers.
Once you polish your skills in growing food naturally without artificial ingredients, the next step is to apply for organic certification, find the market, sell your product, and enjoy the profits.
Also Read: How To Start Online Reselling Business In India?
14. Co-working Spaces
Catching on a co-working space is another best business in India. It was not expected this might be the second booming industry in the corporate industry a few years back. However, many co-working spaces such as Innov8, 91Springboard, Regus, Awfis, etc. are doing pretty well and earning plentiful money in India.
Opening a co-working space is making the most effective use of your vacant spaces extraordinarily. Instead of pouring massive money by leasing a bigger space, you can initially start renting your own vacant space available at your home or in your backyard. All you need to ensure is that the space is equipped with sufficient furniture, pantries, seamless internet, and conference spaces. Once you witness a good response and fetch multiple clients for your space, you can lease a bigger space and start making more money .
Whereas, in these pandemic times, the ‘plug and play’ co-working business model is sustainable.
15. Pet-Friendly Services
The pets are not only adorable but also the best companions one can look for. Many people have started adopting pets as they are the ones helping to manage anxiety, depression, loneliness, and keep stress away. Owning pets also increases fitness and brings happiness to their owners.
With so many upsides of owning a pet, the demand for places to take care of pets has surged magnificently. You can open a pet daycare and charge people for leaving their pets on an hourly or per-day basis. Besides daycare, you can also provide pet grooming services and sell all other products required to pet owners for their enchanting pets.
Today, this profession can absolutely be considered to be on the list of the top business in India.
Also Read: 22 Top Money Earning Websites
16. Research-Based Business
Big multinational and corporate companies assign different work to their research team as per the requirements. While these research teams working for different companies outsource their research work to independent researchers or freelancers working in the same field on a contractual basis.
You can generate ample revenue while working for those research teams. Undoubtedly, it is the best business in India that can increase your net worth impeccably.
17. Fashion Designing
Are you a fashionista? If yes, you can follow the profession of fashion designing that can help you yield plentiful money.
You can open your own boutique or sell your designed products online once you choose your product niche, be it jeans, t-shirts, women’s suits, dresses, etc. With your flamboyant work, you can lure the eyes of the customer to buy your product.
In modern times, you can save your costs by up-cycling old clothes into captivating and unique pieces. Plus, you can also manufacture or trade-in bio-degradable khadi woven products and charge them accordingly.
Also Read: 60 Best Business Ideas for Women
How to Start the Best Profitable Business in India?
Still thinking, which business is best in India? Now is the time to act, not just think. Not sure where and how to carve a path and embark on a journey to start a new business. You must be aware of a few steps while you set up any business in India. These steps include:
1. Start with a Robust Plan
The foremost step before thinking of setting up any business is comprehending the nitty-gritty of your business. Then, based on your understanding, the next crucial step is to make a well-thought-out business plan after identifying your competitors.
2. Identify your Target Audience by Knowing your Market
A profound understanding of the potential clients for your business is imperative. To know your audience, you are required to know your market comprehensively.
The fact is, the Indian market is made up of many collections of smaller markets, and each market has an approach of targeting different types of customers. If you have a niche, it will help you target a specific group of customers and will facilitate in achieving the desired sales numbers.
3. Embrace a Positive Business Culture
Be it any business; they are immensely dependent on your network, connections, and relationships. If you are able to build a positive rapport and trust, it will definitely add value to your company as business goodwill is an intangible asset.
In addition, recording the value of goodwill on your business’s financial statement and recording impairments will let you know the fair market value of the company’s assets and liabilities. It may take some time and a lot of effort, but it will turn out to be the most effective way if you want to ensure your business thrives.
4. Either you Grow or Decay- There is No Middle Ground
Keep polishing your skills. Learning is never enough. So never stop learning, and always think of growing and learning new skills.
The Indian market is dynamic. Always remember that you need to evolve with the market by upgrading your personal and professional skills. Holding a learner-centered approach will always help you carve your way to success; however, keeping the instructor-centered approach will restrict you from growing, personally and professionally.
5. Ace the Marketing Game
Marketing is indispensable for the continued survival of any business. It allows businesses to maintain sustainable and long-lasting relationships with their audience.
A decade ago, marketing your products online was not substantial. However, today it has become essential for a business to market products on as many online platforms as possible to witness a steep growth curve.
Being a business owner, your primary role is to reach a wider audience while retaining your existing customers. This can be achieved by promoting your business on multiple social media channels and platforms and even setting up your online store to effortlessly sell your products.
Q1. What are the Fastest Growing Businesses in India?
A1. Fast Moving Consumer Goods (FMCG) , and the Indian Pharmaceuticals market are the fastest growing sectors in the Indian market in 2021. As per the records, the FMCG industry has been building growth momentum and consistently booming. The same goes with the Indian Pharmaceuticals sector, as the total revenue in the financial year 2020 reached $55 million in India.
Q2. What is the easiest business to start in India?
A2. The service-oriented business can be started effortlessly if you are a beginner compared to manufacturing, trading, or procuring businesses. Being a beginner, you can earn well if you can sell your skill effectively and are proficient in the place of goods and services. Another advantage you may get is the minimal risk, as usually, no or very less investment is required in service-oriented businesses.
Q3. What are the best upcoming businesses in India?
A3. Here is the list of the businesses having a massive scope now and in the future:
- Digital Marketing
- Starting an E-commerce business
- Sell Custom Printed Products such as T-shirts, Mugs, etc
- Affiliate Marketing
- Web development services
- Graphic Designing
- Instagram Marketing/Influencingl Podcasts
- Online courses/Tutoring
- Online Reselling
- Online Bookkeeping
- Consultancy and Counseling Services
- Medical Delivery Services
- Dropshipping.
Q4. How to think of a Unique Business idea?
A4. You can think of a unique idea by following the simple steps:
Let go of originality, as there are thousands of businesses and billions of people worldwide. So, whatever business you choose, it is unlikely that you would be the first one to start with that particular business. So chill!
- Use your skills/expertise
- Explore online
- Solve a problem
- Look abroad for gaining exposure and motivation
- Experiment with ‘may be’ ideas
Some of the unique business ideas include manufacturing professional mermaid outfits, organizing party bus business, renting and selling mannequins, bonsai tree business, setting vintage map store, dried flower business, dart store, stained glass business, chicken diaper business, renting or feeding a chicken, custom treehouse business, goat rental business, pet hotel & cafe, and Glamping business .
Q5. How many types of business ownership exist in India?
A5. There are 5 different types of business ownership in India, including:
- Sole Proprietorship
- Public Limited Company
- Co-operative organization
- Private Limited Company
- Non-Banking Financial Company (NBFC)
Q6. Which manufacturing business is the most profitable business in India?
A6. With the increasing price rise of oil worldwide, packaged/bottled oil manufacturing business has a bright future ahead. Plus, the exotic oils and blends are providing a leading opportunity for many individuals to earn immensely.
Q7. Which agricultural business is most profitable in India?
A7. Organic Farming is a great example to be a perfect fit for getting listed in the top business in India . The most enticing part about this business is its sustainability. Moreover, with increasing health-conscious people all over India, the organic food industry witnessed a surge in demand.
Q8. Which chemical business is the best business in India?
A8. Chemical businesses worth considering are:
- Perfume making
- Detergent Powder manufacturing
- Liquid Soapmaking
- Nail Polish making
- Neem Oil extraction
- Rubberband manufacturing
- Matchstick manufacturing
- Sanitizer manufacturing
- Bleach manufacturing
- Pesticide manufacturing
- Cleaning Chemicals manufacturing
All the businesses we mentioned in this guide include a certain amount of risk and vincible barriers, while at the same time, every business idea holds the robust potential to become an astounding success story.
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So never lose hope, as you are the one who will be dreaming and making them come true with your hard work and smart work.
Also, do share or comment if you have any views/questions/feedback related to this article.
Sushma is a financial expert and online entrepreneur. With years of experience in personal finance and business management, she is dedicated to empowering individuals to take control of their finances and make smart investment decisions. Through Moneymint's website, she provides insightful tips, strategies and resources to help individuals grow their wealth and achieve financial stability. Join Sushma on the journey to financial freedom today!
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15 Profitable Business Ideas under 10 Lakhs Rupees in India
Aiming to be an unbeaten entrepreneur is not about having ideas that no one has but about making them happen the way no one has. There’s no dearth of ideas, but one has to spot the right one.
The common populace’s access to the internet with an increasing requirement for services along with manufactured goods has led to a new turn in the kind of business ventures taken up today. It is no longer necessary to have a vast amount of capital or a tangible product to establish a business.
All this, along with the increasing support provided to start-ups from angel investors and venture capitalists, has made it easier to start a new business.
Zillions of people might have started their entrepreneurial story with a modest amount of Rs. 10 lakhs or even lesser . Some of them might have fallen apart, however, many of them have gone onto becoming estimable success stories. Learning from their empiricism, and following the right path, you can also create a completely different story of your own, one which is way better than all the others.
The first step in that direction is to decide what business you want to set up.We’re putting forth ahead Some Profitable Business Ideas under 10 Lakhs Rupees you get started.
Here’s The List 15 Profitable Business Ideas under 10 Lakhs Rupees in India (2022):
#1. Franchise Stores
- Investment : 6 – 8 lakhs
- ROI period : 6 – 8 months
There are brands in the market today which are already quite established.In addition to a pre-sold customer base, franchises offer a continuous support from the pre-opening stage to operational, training and managerial support required for proper functioning of the store.
In 10 lakhs and under, one can easily get a license to open up a franchise store for a lot of brands.
Start with carrying out some good research about possible options such as healthcare unit, a restaurant , a boutique, departmental store , salons , day-care centers , gaming zones , fitness centers , coaching centers, vocational training institutes etc. on a website such as Franchiseindia.com .
PRO TIP : Be careful when investigating your options. Evaluate them on the basis of factors like the brand reputation, the franchisor’s experience, your own abilities, and skills for the business, store location, it’s potential, the demand in the market, the competitors, future prospects etc.
Related : Guide to Start Your Very Own Gadget
#2. Gadget Store
- Investment : 8 lakhs
This is the internet age. There’s hardly any individual or any place without at least a couple of phones and laptops or a PC. Joining the gang are headphones , speakers , home theatre systems , gaming gadgets, VR systems, fitness trackers, cameras etc.
With the increasing demand of these electronic devices, a store with a good range of devices on retail and a well-informed sales staff can easily find its spot in the market as a customer coming to the shop will always appreciate good and helpful advice on their buy.
The store can also be taken to an e-commerce portal for enhanced convenience for consumers and profitability for the owner.
PRO TIP : A servicing and repair center can be started alongside or you can team up with a good service center nearby. Services like free home delivery, gifting options on request etc. will further add to customer loyalty.
Related : 15 Profitable and Super-Easy Retail Business Start-up Ideas 2018
#3. Cleaning Business
- Investment : 2-5 lakhs
- ROI period : 6 months
Cleaning is a necessary chore, but not everyone is a fan of it. With the right kind of approach, this seemingly boring chore can be taken to the next level and turned into a profitable business idea. The idea might sound outlandish at first but some enterprises in India like Keentoclean and Broomberg have actually done it.
Yet there is a lot of potentials to be capitalized on. Start out with a few places; one could take up cleaning of homes, commercial complexes, water tanks etc. Develop a mechanized system for each process and train your personnel well. As there’s always a requirement of such labor especially in the urban houses and offices, so if you perform well, definitely more offers will pour in.
You can also pitch for places like hospitals, temples, and shrines, apartment complexes, hotels, museums and galleries, educational institutions, restaurants etc., which assigns work contracts to professional cleaners.
PRO TIP : While time is of the essence when working in each location, it’d be useful if “clean like it’s your own” rule is followed. Any damage or a messy work will only result in bad customer relations which will eventually affect the business.
Related : How to Start Cleaning Business
#4. Catering
- Investment: 3-5 lakhs
- ROI period : 6-8 months
In India, be it any occasion, the food has to be amazing. An event with good food and wonderful service will always be remembered warmly but bad catering can ruin the grandest of events. In this business, one can start small industry with rented equipment and on-site cooking.
This will keep the investments low and with a few stints, you’ll have enough returns to slowly expand and settle.
Also, while a passion for cooking is important, it’s essential to have a proper plan in place to take this business forward.
The idea is to provide a great culinary experience while keeping your operational costs minimal.
PRO TIP : Train your employees well, especially when it comes to interacting with the guests and providing service. A bad review from a guest can really hamper potential opportunities.
Related : How to Start a Catering Business
#5. Delivery services
- Investment : 1-2 lakhs
- ROI period : 3 months
When thinking of delivery, usually it’s food delivery that comes to mind. But one can start this service by delivering absolutely anything to customers, be it food from a restaurant, products from the supermarket, flowers, and gifts from the store, picking up and delivering their dry-cleaning etc.
FedEx, a popular logistics service provider has already been offering dedicated express delivery services across India, which is on a larger scale though. Your investment will mostly go into organizing the delivery chain.
And since there’s no manufacturing of any kind from your side, you just need to tie up with the local stores and make sure to plan your delivery system well.Of course, some places may already have their own delivery systems in place.
However, if you have a wider delivery radius, then through you more customers can reach out to these places, which may have only a limited delivery range.
PRO TIP : Immediate wish fulfillment is difficult to ignore. Although you might charge slightly higher prices than other delivery services, pitch your business as one which can help immediately fulfill your customers’ needs. Make that your USP and maintain it.
Related : How To Start A Small Delivery Service Business
#6. Travel-holiday Planner
- Investment : 3-5 lakhs
People today are willing to spend more and more on traveling and the travel business is definitely booming. As a holiday planner, you’ll have to research, plan and book a travel according to your customer’s needs.
You can plan good standard tour plans but sometimes a travel plan needs to be custom made to fulfill needs of the customer. Thinking out of the box and some meticulous research can help you plan an amazing travel for your customer.
Initially, you can start at home, working via the phone and the internet and creating a tour plan for your customer.You can also take up planning trips for educational organizations and offices, as bulk booking will help in getting better deals and may also help increase profit margins
PRO TIP : There are niche slots even within the holiday planning industry, from holidays aimed solely for kids, weekend getaways, family holidays, for newly-weds, for students, for those seeking adventure and exploration, educational or cultural tours, religious excursions, for senior citizens etc. You can specialize in certain type of holidays and become successful in the same.
Also Check: 10 Best Must Have Apps For Travellers in 2018
#7. Online Store
- Investment : 1-3 lakhs
Create your store physically and/or electronically and sell whatever you wish to! From lovely pieces of art, handmade gifts for various occasions, designer home decor objects, clothes, jewelry, to home-made cookies, chocolates, pickles, and sauces, you can sell it all.
All you need to do is open up your own website or enroll via an e-commerce portal and set up your store.
And you are ready to start selling anything you wish to (it has to be legal of course!). One can also take up requests and sell custom made items to their customers.
Handmade products are precious because they’re often one of a kind. Create and advertise your products in innovative ways.
PRO TIP : When sending out your products for deliveries, ensure that attention has been given to both the packaging and branding of your product. Also, another great way to grab attention on portals is to upload good hi-res photographs of the products with well-detailed descriptions. Use everything from word-of-mouth to the social media to spread your name.
#8. Spa Service
- Investment : 8-10 lakhs
- ROI period : 10-15 months
When people constantly battle with stress and exhaustion in their daily lives, places where they can experience mental and physical relaxation become immensely important. This is where spaces like spa and related natural therapy centers come in.
In India, the spa culture is on a rise. Common spa treatments include body treatments, facials, massages, aromatherapy, hair removal, hydrotherapy, manicures, and pedicures etc. Massages range from Ayurvedic to exotic massages done with herbal and aromatic oils.
Your investments will depend on the services you offer, the quality and price of products and equipment, personnel hired etc.
It is important that you have detailed plans in place for daily operations and each spa process.
Develop a brochure of services and products so that each service can be easily understood and selected by the customer.
Also, while investing in the services it is important to ensure that the spa has a good, peaceful environment and ambiance.
PRO TIP : Initially, you can attract customers by providing discounted package deals or a free sample of an oil or any other spa product. There are various spa models ranging from destination resorts to day spas and medi-spa( a medical spa); one can also establish their expertise in any specific type and capitalize on that.
Related : How to Start a Spa Business
# 9. Complete Home Maintance Solution
- Investment : 2 lakhs
- ROI period : 3-4 months
From individual house-owners to managers of apartment or condo complexes and small retail and commercial outlets, all require maintenance and repair services for their property. Companies that provide these services generally charge an annual fee and the customer can contact them whenever required without any hassle.
One can start by providing various services such as that of electrician, plumber, cleaner , pest control, water purifier maintenance, carpenter, mobile repair , computer/laptop repair etc. The idea is that all these services are just a phone call away, that your business is the one-stop solution for all of your customer’s maintenance needs. You can start the business from your home with just a phone, a computer, and the internet. Necessary tools and a vehicle to make house-calls might need some investment.
Additionally, it’ll be necessary to have good organizational and logistic sense to schedule jobs from day to day, especially when you’re starting by yourself and have no one to assist you with such tasks. This skill will then come handy when you expand your work and organization.
PRO TIP : Along with a good skill, you’ll need people who can communicate well with the customers as the business will rely heavily on overall customer satisfaction.
Related : How to Start Complete Home Maintenance Solution Business
#10. Dog Breeder
- Investment : 10 lakhs
- ROI period : 12-15 months
This is the Best business for those who love the little canines and want to make some amazing profits at the same time. A good dog breeder with quality breeds can earn quite a neat amount of profit in this business.
Once you get some good breeds of dogs, you can then start breeding them further and then sell their pups through advertisements, via online portals and word of mouth to make a handsome profit for years to come.
You can also participate with your pawed babies in dog shows and similar contests to catch the eye of potential customers. Rs. 10 lakh investment is a sufficient amount to get few good breeds and start the process.
The investment will also go into infrastructures like access to a large farmhouse where you can house these dogs comfortably, their nourishment and upkeep of general health and hygiene.
PRO TIP : You can slowly expand your business by entering into the pet-care industry and starting salons, day crèches and vacation boarding for pets.
Related : How to Start a Fitness Center Business
#11. Fitness Center
- Investment : 6-10 lakhs
- ROI period : 8-12 months
It has become a need of the hour to keep people fit and in good health, along with having a great physique. People are willing to spend a good amount of money too for this much-wanted fitness. Starting a fitness centre has thus become a profitable business with high assured returns.
A fitness center requires weightlifting and cardio equipment with good trainers and managers to oversee daily functioning. One should do a proper research about the target population, local competition, market demand, and supply etc.
It is also important to promote your business, be it through printed flyers, advertisements or via the online route. You can put in attractive offers and services like diet consultations to bring in more people and increase your enrolment numbers.
PRO TIP: Other forms of workouts like aerobics, Zumba, martial arts as well as classes for power yoga, pregnancy exercises are also being offered to customers keeping in mind their various needs. Running social media page and YouTube channel to attract more clients can work wonders.
Also read : 15 Best Business Ideas under 30 Lakhs in India That Will Work!
#12. Music and Dance Classes
- Investment : Rs 3-6 lakhs
These are the activities nearly every child and adult enjoys. If you are a skilled musician or dancer, opening a dance or music academy can be agood shot for you. With a minimal investment, you can buy or rent a space and create a small studio for people to come and learn these arts.
Of course, you can also hire some trained faculty if you are not a pro but still wish to go ahead with the idea. Have classes for classical and western as well as modern forms of dance, vocals, and music.
You’ll need good managerial skills to run the place and schedule different classes for different target age groups.
Have evening or weekend classes for those who are busy with work on weekdays. Promote your business at schools, community centers, online and through word of mouth via your students.
PRO TIP : A cultural evening can be organized to showcase to the local community what the members have learned and to promote your own business. Launch new classes and batches, especially during vacations, as part of summer camp and similar initiatives to get more enrollments.
Related : How to Start a Music and Dance Class Business
#13. Growing exotic and plants
- Investment : 2-4 lakhs
- ROI period : 5-8 months
From small backyard gardens in households to towering bamboos in office receptions, plants add a much-desired splash of nature to our daily lives in the concrete jungles. If you enjoy gardening, possess the requisite know-how and understand their importance, then maybe cultivating and selling them might be a wonderful and rewarding venture for you.
You can start your own home garden in your backyard where you can grow different flowering plants, shrubs, and herbs. Slowly, you can expand to cultivating exotic plants like flowering cacti, bamboo, bonsai etc. which can be sold not just as plants but also indoor decor items for both home and commercial spaces. Some inspiration for the same can be drawn from Exotic Flora .
You can also grow vegetables and fruits organically, which will fetch a higher price as people will find the idea of eating organic and freshly harvested vegetables quite attractive.
Your investment will go into setting up your gardening space and the seeds and equipment required for the same.
PRO TIP : Alongside working locally in your area, open an online store. This will not only bring more customers beyond your region but also spread the word of your business. You can also take custom orders for certain exotic plants and additionally, work as a consultant to help others create their own unique garden.
Related : How to Start an Exotic Herbs and Plants Growing Business
#14. Online Advertisements
- ROI period : 10-12 months
The internet is a booming market in India. The online advertising market brings in revenue of Rs.600 crores, which is only about 3% to 4% of the total advertising market. The business of online advertisement brings together those with advertising space on the web and those who need this space.
This business requires you to have a good understanding of the concepts of online advertising, the internet and have sharp analytical and networking skills. While these skills can be developed, few courses are also available in various marketing institutes that can help you prepare for this.
Also, as a business which can also be done from home, it’s an excellent freelancing option for those who’d prefer to work from home.
PRO TIP : It’d be good to make a directory of all the potential websites by categories and target viewers and then access owners of these sites to get the right kind of ad space for your client depending upon their needs and target group. This will also help maximize the ad’s reach and impact on the target.
#15. Water Purification Unit
- Investment : 4-6 lakhs
- ROI period : 7 months
The aim of this business is to ensure that clean, potable water is available to all. A business like this is actually of immense importance and quite profitable.
While there are people who still make do with boiling water or otherwise install RO filters to obtain drinkable water, many still do not have access to hygienic drinkable water.
In this business, you have to invest in setting up a water purification unit and packaging and delivery of the product.
Purified water is packaged into huge sealed bottles of minimum 20l and distributed to homes, offices, organizations like hospitals, museums, schools, convention centres etc.
PRO TIP : You can get certification for your business to ensure the water purity and attract more clients. Also, there are four verticals to the distribution: residential, commercial, industrial or government set ups. You can start with one and slowly expand to others.
Related : Tips to Kick start Your Water Purification Business
Of course, as with setting up of all businesses, one needs to do a fair amount of research and study the market and the target groups before developing a sound business plan.
Relevant managerial and administration systems will then need to be set up in place according to the business plan to ensure the smooth running of the same.
All the legal documents and papers for setting up a business should also be looked into and filed properly with the respective authorities. And while a capital of Rs 10 lakh is not a vast amount, one needs to be careful in investing their money into an idea.
There’s a wide range of ideas just waiting for the right person to put their efforts to turn them into the best business in under Rs. 10 lakhs. And surely, there are much more other brilliant ideas out there.
So, what are you waiting for?
Go, brainstorm on your business idea, you could be the next big emerging star in this new age of entrepreneurship.
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50 Best Upcoming Small Business ideas in India for 2023
India has been touted to become the third-largest economy of the world by 2030 due to the fact that India possesses democracy, demography, as well as demand. However, the teeming population especially that of the youth is a strong reason to do business in India. Here are some very lucrative business ideas to look at;
50 Best Upcoming Small Business ideas in India With Low Investment
Cities: New Delhi | Kerala | Bangalore | Pune | Chennai
Temping Services
This sort of business requires that you provide event management firms with manpower services on a temporary basis. This could even extend to the film industry. Not everyone in the industry has the time to source for temporary manpower services, and this is where your business comes in. You would have to be skilled at networking so as to be able to handle clients.
Private Tuition
This is a lucrative business idea that can give you good income. You could offer your services to homes in the neighborhood, and while you can choose to take a student individually, you can also take them in large groups as well. You would need to be knowledgeable in the subjects you intend to teach.
Shoe-wash business
Earlier in the days people cleaned their canvas shoes with detergent and toothbrushes; however people now own trendy sneakers. This is a good business for any serious entrepreneur. In order to be successful, you will need to know how to use chemicals, and also ensure that you have great marketing skills as well.
Food Delivery Service
Any service that brings convenience to the client is always in high demand. Most people do not want to leave where they are probably due to varying circumstance – work, personal – to get food, and so they’d prefer to have it delivered to them. This is where your food delivery business comes in handy.
Provision of School Uniforms
Even though you might not be good at sewing, you can still make money from this business. You would need to be persuasive, have good marketing skills, and also make it so easy that schools would prefer to come to you rather than going to the manufacturers themselves. You would also need to have a link with a good manufacturer as well.
Property Management
For this business, you would need adequate sales and marketing skills for you to be successful, but this is a good business opportunity. You must also be adept at handling a lot of paperwork, as you would be in charge of managing property for your clients.
Wedding Planning Business
Wedding ceremonies in India are always on a grand scale, and most times those involved do not have the time or the energy to plan and take care of every detail themselves. This is where you come in as a wedding planner. However, this kind of business requires that you are creative, and also have contacts with reliable suppliers and vendors of wedding items.
Real Estate Consultant
If you have good knowledge of an area and the properties in that area, then you can start off this business. You would charge a consultancy for your consulting services, after the deal has been finalized by the customer.
This is a good idea that can include sales of stationeries, school books or general books. To get good money from this business you would need to be innovative about your services, and possess good sales skills .
Housekeeping Services for Hotels
This is a good business opportunity that affords you the opportunity of helping hotels keep their rooms clean. You can offer your business to several hotels at once, thereby making more money for yourself. You would need to be skilled at marketing and have persuasive skills as well.
Kirana/Grocery Delivery Business
A grocery delivery business is a lucrative opportunity that can fetch you a good sum of money. You could help clients deliver groceries for a fee. This is a unique business that will ensure you attract clients to patronize your service.
Pre-recruitment Assessment Business
Companies always want to hire the best employees but might not have the time to select that which bests suit the company. You can help bridge this gap by starting a business that allows company pay for you to help them select the best candidate by helping evaluate the employees and selecting only the best for the company.
Custom-made Chocolate
Chocolate is a treat that almost everyone loves. You would need to ensure that the quality is up to food standard and might be required to get a permit for this kind of business. However, if you are a lover of chocolate with a mean business acumen, you would be making money in no time, as you could try on different recipes.
Bus Service Website
A bus service website is a good business opportunity if you know the intercity and interstate bus routes very well. Your website could provide information that pertains to the rate of tickets and also the channels by which they can be booked. You would need to have good IT skills for this kind of business.
Custom-made Festival Gifts
If you have a good eye for picking out gifts and wrapping them in an attractive manner, then this is the business for you. You could choose a festival period and choose innovative gifts that are sensitive and creative , and would create a meaningful impact with your client. You would need to have a good knowledge of the where you can get the best gift makers in town.
Online Ads Service Business
This kind of business is suitable for those who have the contacts of website owners and can also get the appropriate space that can help clients be able to access their target audience. You would need to have a good knowledge on networking as well as media planning so as to be successful in this kind of business.
Phone-based Business Consulting Service
With this kind of business you can work comfortably from home . To be able to ensure businesses consult with you and pay for your services, networking is integral as you would need satisfied clients to refer you to their friends and other business colleagues.
Mobile Food Court
People are now too busy and very few take the time out to cook their own food or patronize a restaurant. Your food court solves the problem for most people, as it brings the food to them. You would need to stock up on food that most people are likely to eat, and stay in locations that have a high amount of traffic.
Insurance Agency
Being an insurance agent would require you to have good persuasive skills so that clients could pay for a coverage which would then earn you a commission. This is a business that you can do in your spare time , guaranteed to bring in cash with no stress.
Ice Cream Business
Ice creams are no longer a seasonal treat and so if you want to go into this kind of business you absolutely can. Your ice cream store would need to have different flavors so as to cater to those who want something different. Also, you can come out with unique recipes as a way of attracting clients.
- SEO Consultant-: Several blogs and websites get created every day, and usually require someone to help market the blog and also improve on its visibility. This is where you come in.
- Yoga Instructor-: Yoga is a good form of making money as not everyone does it correctly. You can become a Yoga instructor and instruct people.
- Jewelry Maker-: You can go into this business if you love jewelries and are looking for an opportunity to turn your love into a business. You would need to get trained before starting this business.
Clothing Business
The clothing business is a nice business opportunity that would always ensure that you have cash especially as people must always wear clothes. If you become known for selling good clothes you might not only attract but retain clients as well.
- Poultry Business-: Everyday people not only take chicken but also its byproducts, such as egg. Eggs can be ingested or used as a beauty product. Poultry business is a guaranteed money spinner but you would need a permit to rear commercially.
- Ceramics Business-: If you are into crafting of ceramics and enjoy it as a hobby, it might be time for you to turn that hobby into a business. The good thing about this kind of business is that you can work from home and at your convenience.
Sports Products Manufacturing Business
Sports is a very lucrative business which is guaranteed to make anyone going into such kind of business a millionaire , this is because everyone is either into or love watching one sport activity or the other. Those that are into sports would need to acquire sport products, while those who love watching might acquire sport products of those they love watching so as to identify with them.
- Leather Manufacturing Business-: Leather is used for shoes, bags, chairs and such other stuffs. To start this business you would need accuracy and an eye for detail, as your clients would know you only through the kind of leather they get from you.
Glass Products Manufacturing Business
You can go into this business and produce a wide range of glass products. You can either start in a niche or produce several products. However, you would need to know what your target clients prefer and produce your glass accordingly.
Wood Products
The wood industry is a very important one as most furniture is still made of wood, from baby cot to office desks and so on. In starting this business, you would need to be very crafty with your hands and also know what might excite your clients. The wood product business is one that will fetch you huge money if you know your onions.
Paper Cup Manufacturing Business
Paper cups are usually disposable cups that are made of paper and lined with plastic so that liquids do not soak the paper. These products are becoming more and more popular because they are not only eco-friendly but also limit exposure to food infections. Starting this business is a sure-hit as paper cups are used in companies, food canteens, educational institutions, coffee shops, fast foods and super markets.
Handicrafts Business
If you are good with your hands as regards crafting, then it is high time you turn it into a business making venture. You might need to attend some training so you could learn special tricks to use to bring out your creativity, and also how to sharpen your business skills.
Food Products Business
If you have extraordinary cooking talent or a special recipe that you feel others need to know about, then you should start thinking of developing a line of food products. You would need to be good at sales and marketing and also have a very high acumen for business.
Freelance Writing Business
If you are good in writing and thinking of a business to engage in, you could become a freelance writer. You could even choose a niche to write on, and can decide to write for a magazine, newspaper or a website. There is no limit to the amount of jobs you can tackle as a freelance writer.
Online Book Store
If you love books and do not have the space to open a store and sell books, you can decide to sell books online. This way your clients pay for a book and you deliver it to their doorstep or a location of their choice. This is a lucrative business especially if you go into selling online books as well.
- Web Designing-: If you know how to code and design websites them this is a good business opportunity for you, especially as more and more businesses are seeing the need to ensure that their company has a website.
- Investment Advisor-: To work as an investment advisor, you would need to thoroughly understand the investment market and options such as stocks, bonds, mutual funds, IPO; as clients will need to trust in your sound judgment.
- Mutual Fund Agent-: To become a mutual fund agent, you would need to be certified before you can start promoting mutual fund schemes. You make money by earning commissions, and so you will really need to have persuasive skills.
Nutritionist
Everyone is now concerned about what they eat and when they should eat it. If you have a good knowledge about food and its nutrients, you could start giving advice to people and also giving them health tips as well. This is sure to bring in some cash for you.
- Resume Writing -: Not everyone knows how to write a resume that would get them a job, and so if you are proficient in this field, you could write resumes professionally for people and get paid.
Every once in a while, people look to give their residential or official places a make-over, and so they consult one who can paint. If you are a skilled painter, your job will attract a number of clients in no time and will see you earning good money.
- Used Car Dealership -: This is another lucrative business in India as not everyone can afford a new car for themselves. Starting a used car dealership will see a lot of clients patronizing your business.
- Car Driving School-: You would need to pick an area where the majority of the people do not know how to drive, and want to learn. Once you can identify such a place, watch your cash rolling in.
Security Agency
People would always require the services of a security agency and most time prefer to contract out the services to others. You can start a security agency where you would provide security guards to schools, offices and apartments. You would need to find out extra permits and licenses that you might need for this business.
Career Guidance
A career guide helps people by advising them on the careers that might suit them for a fee. This is not only a rewarding business but a lucrative one as well. Your success rate with clients will bring in some more clients for you as they will help in referrals.
Games Store
Young people are always looking for a place where they can play games; you could open a game center and charge a fair rate for people to play games. You can start with one X-box and then expand as the business moves. However, you would need to be innovative in this business, as routine can quickly bring down your business if you aren’t careful.
- Beauty & Spa-: A Beauty and Spa will always be patronized as there are people always seeking beauty treatment. You would need to offer quality services as well as be knowledgeable about different spa and beauty treatments.
- Matrimony Services-: If you are good in helping people out with their relationships, you can open a matrimonial service that will offer advises to couples in a relationship for a fee.
Used Furniture Sale Business
Many people want to get some furniture like sofa, television etc for themselves but cannot afford the new ones. You could also become known by those who wish to dispossess their good old furniture for a fee, thereby serving two sets of clients.
Fashion Boutique
If you’ve got a good fashion sense then you could totally start a fashion boutique. You would need to stock only stuffs of high quality so that people can patronize you. You can succeed in this kind of business if you carve out a particular niche for yourself, this would ensure that clients know you for that niche.
More on Business ideas
Best Franchises Under 20 Lakh [Top Ideas]
The franchise business in India has become a very profitable option given how seamless the opportunities have become today. As opposed to the general assumption that they require huge investment, and one can start making a profit only after many years, there are plenty of franchises that can be acquired with low investment and are easy to implement. Let's take a look in the further sections at what is the scope of franchise business in India, how to get started, and the best opportunities in India under 20 Lakhs.
Scope of Franchise Business in India
Everyone wants to be an entrepreneur these days, mainly because of its inherent freedom and financial independence that it provides. However, starting a new business can be challenging with several factors that need to work. A franchise business can be extremely beneficial and can provide a ready framework for starting up in India. Whether you have unique business ideas, small-scale business ideas, or small business ideas franchises can make the process very effortless.
As a franchisee, you are already part of a brand that has been successfully established. With the right vision and a solid business plan, you can leverage the potential of a franchise business and get commissions of a percentage of the overall revenue. All you need to do is select the right franchise, understand and imbibe their vision, and watch your sales multiply in the long run.
How to get a Franchise in India?
There are plenty of resources in India when it comes to starting a franchise, however, there are certain ground rules. It needs a good business plan, investing capital, and thorough research of the business niche that you’re planning to acquire. Here are a few steps explained in short, to understand how you can get franchises in India.
- Identify the niche: This is the most important step in setting up a franchise in India. Whether it is a small-scale business idea or a unique business idea, you need to have proper market research done for the franchise you choose. Demographics play a key role in looking for franchise opportunities. For e.g, if you’re in a tier -2 city and looking for a luxury brand franchise, it might be a lost cause.
- Complete the formalities: Complete the agreement with the franchiser and then register yourself with the Ministry of Corporate Affairs. Ensure to complete all the legalities to avoid any future mishaps.
- Licensing: Once the legalities are sorted, complete the licensing formalities. From the industry to business licensing, complete all the licensing documentation before releasing the franchise in public.
- Ownership: Once all the licensing and legal documents are in place, it's time to take over the ownership. This too should be done through a legal process with all documents in place.
- Once you get the ownership, you get access to business methods, equipment, marketing styles, etc, you also get the brand name, banner, logos, slogans etc, to use for setting up the franchise.
Franchise Opportunities in India
1. food franchise.
India is one of the largest consumers of fast food in the world, and therefore most of the successful US brands like McDonalds and Subway have found a firm foothold in the country today. With the rapid growing economic strata of the urban households, fast foods have become a preferable food option. There are a range of franchises in this sector from small-scale business ideas to profitable big brand food chains where you can leverage your food management expertise. At an investment of 20 lakh this sector has a lot of popular franchises that can offer excellent returns. Here are some of the top food franchises that can prove to be the best business under 20 lakh.
- Kathi Junction
- Rolls & Bowls by FeedX
- Ghasitaram Halwai
- Sports Franchise
India has a deep love for sports, and is considered like another religion in the country. Therefore a sports franchise can be a best business idea under 20 lakh. If you have a good interest in sports and are looking for unique business ideas to set up in India, sports franchises can be your true calling.There are plenty of good and established brands whose franchise can be set up in India. Here are some of the small profitable business ideas that can be set up as a franchise business under 20 lakh in India.
- H2O Sports Franchise
- GoalSquad Sports Shop Franchise
- Playmart Sports shop
- Yoova Mart Sports shop
- Retail Franchise
In a developing country like India, most of the consumer sectors have grown exponentially in the last five to ten years. In retail and especially e-retail markets, the franchise businesses have done exceptionally well. Thanks to urban households that have given rise to preference of retail brands. Retail provides a range of products like grocery, clothing, supermarket chains, etc, and while these are unique business ideas or even with an investment of 20 lakh they are small-scale business ideas. With a minimum investment they can yield a good profit. Here are some franchises in the retail industry that can be the best business under 20 lakh.
- Vajor - women clothing line
- Ariave - home decor brand
- Nut lounge - Food and beverages store
- Hypermarket - supermarket retail store chain
- Clear Dekho - eyewear brand
2. Restaurant Franchise
If there has been a direct beneficiary of India’s consumerism then it is the hospitality sector and more specifically the restaurant franchise. Young India spends their weekends usually trying out new restaurants. It is therefore not new to see a rise in the restaurants in all tier-2 and tier-3 cities of India as well. A restaurant franchise is a profitable venture that can yield good returns. Some of the popular franchises available in the sector as best business under 20 lakh are:
- Oregano - The Organic Pizzeria
- Bos Red Chilly
- Momo food truck
3. Education Franchise
With more people opting for building new skills, education is also a sector that has shown tremendous growth in the last few years. Whether it is for alternative skills, kids preschool or any other target age group, education is a sector that is safe from any kind of slump. There are some big brands that are available as unique business ideas, here are a list of upcoming education franchises that are best business under 20 lakh:
- ICON preschool
- Prerna Education
- Jumpstart Preschool
- The Learning Curve
- Amigo Academy Pvt LTD.
4. Health care Franchise
With a growing population, healthcare systems in India need to be constantly updated to meet with the increasing demands. A lot of healthcare franchises are available that can be small profitable business ideas for a minimum investment of 20 lakh.
- GMM Human Care
- Kerala Ayurvedic health care
- Thyrocare diagnostics
5. Business services Franchise
Apart from all the basic needs, there are tons of services that the urban middle class needs on a daily basis. Research has shown that the growing middle class strata in India, has now become more open to various services online. Here are some unique business ideas that can be applied to as a franchise. These are some of the upcoming business ideas under 20 lakh.
- Twinto cleaning services
- Universal InfoWiz
- Zool Ad Network
- eSeva World
In India, with a growing population and economy, there is an exponential rise in the franchise market and is only expected to grow hereon.By 2030, India is poised to become the third highest consumer in the world behind US and China with an estimation of $6 trillion. This means that along with small-scale business ideas and unique business ideas the market is bustling for the franchise opportunities in India. With more individuals choosing to go the entrepreneurial way, the franchise market is only expected to boom.
Estimates suggest that almost 35% of the franchise buyers in the market are first-timers. There is a silver lining to the idea of franchising, which is why more individuals are steering towards franchise business rather than startups. The looming economic disparity that India is facing currently can be eliminated if more franchises are brought in India. A single franchise store can potentially employ 30-40 people. The number can only grow more, if we leverage the potential that franchise business provides. The dream of India shining can soon be a reality.
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Q. How much does franchising contribute to the Indian economy?
Ans. Franchise sector contributes nearly 1.8% to the Indian GDP and is expected to rise upto 5% by 2025.
Q. Which are the major sectors in franchising?
Ans. Food & Beverage, Apparel, Lifestyle and now Edutainment, Beauty and Wellness as well as specialty retail concepts are some major sectors.
Q. What are some new trends seen in franchising?
Ans. Micro franchising, online franchising, and sports league, travel retails, local specialities and organic franchises are up and coming trends.
Q. What is an ROI period and how is it calculated?
Ans. ROI is the return on investment period in a franchise business where the owner becomes aware of the time period it would take to recover the invested money.
It depends on 4 factors:
- Product margins
- Operational expenses
- Assumption of expected sales
- Total investment
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List of 21 Most Successful Small Scale Business Ideas in India - March 2023 1. Breakfast Joint/Takeaway Counter Food is one of the three basic necessities of life making it a top choice for people to indulge in and open up a business in the F&B (Food & Beverage) Industry.
List of 20 Best Business Ideas in India for 2022 Healthcare Franchise Retail Franchise Consultancy Franchise Food/Restaurant Franchises Beauty Salon Franchise Pet Store Franchise Logistics Franchise Fitness Franchise Educational Franchise Pre-school Franchise Automotive Franchise Clothing Franchise Jewellery Franchise Beverage Franchise
Answer (1 of 24): Well I have a friend of mine who is about to start this business with an initial investment of around 10lakhs. The business is CAR RENTING. Before actually getting into hiring a car he has initially appointed a driver to drive car in UBER/OLA. Suggested is UBER because payment...
In such a case, a web design & development business can be a highly profitable business that finds instant customers. Companies and businesses have realized the importance of a strong online presence. Therefore, if you can offer these services, you can run a successful and profitable business. 4. Start a home bakery.
This business ideas collection briefly discusses following best business ideas for India in 2022: Beauty parlor chain Coir mattress manufacturing Sanitary napkins business Detergent & soap manufacturing Paneer manufacturing plant Palm plate making Paper & notebook manufacturing CNSL Anti corrosive paints Cement concrete tiles Ayurvedic formulations
The cost of manufacturing machine is between 5 lakhs - 20 lakhs INR. 4. Agarbatti Making Machine Manufacturing Market price of agarbatti making machine in India is between 75000 to 2 Lakhs, but the cost of manufacturing of agarbatti making machine is less than 50,000 INR. Sure shot profit of 30,000 - 60,000 is here.
Other Best Profitable Business Ideas in India 23) Textile Manufacturing 24) Pickle making 25) Bio-diesel production. Considering that diesel/petrol can become scarce in future, this bio-diesel production could be most profitable business in India to start now. 26) Flour production 27) Furniture making 28) Biscuit or chocolate making
8) Unit-linked Insurance Plans (ULIPs) ULIPs are plans that provide consumers the dual benefit of insurance and investment. The way ULIPs work is simple: the policyholder can purchase an insurance ...
List of Business Ideas under 10 Lakhs Here is the list of some business under 10 lakhs. 1) Catering business 2) Travel business 3) Fitness centre 4) Dance classes 5) Water purification business Conclusion: It is not compulsory that a business can be initiated with huge capital only.
Top 12 Profitable Franchise Business Opportunities in India Tumbledry Subway Giani's Jawed Habib Hair and Beauty Ltd. InXpress DTDC Courier And Cargo Ltd. Lenskart FabIndia Pepperfry Kake di Hatti EuroKids Affinity Salon Low cost Franchise Business Opportunities in India What is a Franchise Business? What is a Franchise Business?
business ideas Under Rs 20 Lakhs - All Industry - Business Tak Business Listings Search By Keyword Business Type Investment (in Rs.) Area (in Sq. Ft.) Head Office Location Only BT Verified BT Verified Clear All PIZZA RESTAURANT Minimum Cash Required Rs. 199,000 Business Type : Franchise Business | Brand : Mapango Pizza ... View Details
15 Profitable Business Ideas under 50 Lakhs in India for 2023 By Guruansh Indian Industry under the able leadership of our PM Shri Narendra Modi is growing at a very fast rate of 8%.There is increased Investor Confidence, and many schemes have been launched by the government to promote the industry.
BusinessEx offers 205 Businesses and 14 industries 20 Lakhs to 30 Lakhs - Businesses For Sale in India as on Mar 01, 2023. These include Businesses looking to Exit, Seek Investment or Loan. To sell your Business or raise funding at BusinessEx, we recommend you to create a Business Profile on BusinessEx .
Starting a homemade healthy sweets and savories business can be started as a small business in India easily. 2. E-Book Writing & Podcasting: Falling into the online business categories, e-booking writing, and podcasting is the perfect way to implement your small business in India and gain popularity. 3.
Pickle making, packaging and delivery has been one of the most underrated manufacturing businesses under 10 Lakhs in India with low starter investment. 14. Dairy Production Go local is the sentiment echoed by many when it comes to consumption of dairy products in both urban and rural areas.
Listed below are some of the top business ideas in India turning to be the most profitable businesses: 1. ... Also Read: 30 Best Business Ideas with 5 Lakhs Investment. 9. Educational Mobile Apps. ... Top 20 Franchise Business in India. 11.
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Here's The List 15 Profitable Business Ideas under 10 Lakhs Rupees in India (2022): #1. Franchise Stores Investment: 6 - 8 lakhs ROI period: 6 - 8 months
50 Best Upcoming Small Business ideas in India With Low Investment. Cities: New Delhi | Kerala | Bangalore | Pune | Chennai. Table of Content [ show] 1 Temping Services. 2 Private Tuition. 3 Shoe-wash business. 4 Food Delivery Service. 5 Provision of School Uniforms. 6 Property Management.
Amigo Academy Pvt LTD. 4. Health care Franchise. With a growing population, healthcare systems in India need to be constantly updated to meet with the increasing demands. A lot of healthcare franchises are available that can be small profitable business ideas for a minimum investment of 20 lakh. Patanjali.
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