There are several men, women and young students in India who want to start small businesses with low investment.
Already home to major industries, India offers a host of new business opportunities for aspirants to venture into the business world and reach the pinnacle of success.
All they need is a great small business idea.
Although a good business idea does not require high investments, one must do thorough research before taking a plunge.
According to the Small Business Administration (SBA) Office of Advocacy, around 80% of small businesses survive the first year. However, only 45.4% to 51% of small businesses get to the 5-year mark and only 1 in 3 reach the 10-year mark.
These festering statistics portray that operating and running a small business venture is a tough job.
Choosing the wrong business idea is one of the reasons for the high rate of failure. So, it’s imperative to invest your time and gather some smart marketing plans to get a good start.
Here are some great small-scale business ideas for women, men and students to start an entrepreneurial journey.
Small Business Ideas for Women (Ladies / Housewives / Moms)
Tailoring is an excellent business idea with low investment and high profit. Having the skill of tailoring, you can start the business at your home even with one sewing machine. Later, you can move to a small rented space with powerful sewing machines and hire tailors as employees.
2) Gift Articles Shoppe
This is one of the creative small business ideas for women. Starting the business at a suitable location generates a significant amount of revenue. Besides, you can also offer gift-wrapping services and charge a small amount for each item.
3) Bangle Business
Indian women give significant importance to bangles as one of the essential make-up items. Before starting the bangle business, you should understand the type of bangles in demand in your locality or city and plan accordingly. Women can use their creativity to come up with unique designs to attract customers.
4) Daycare Business
With the growing number of working parents in urban areas, daycare is often the only option for their child. If you love playing with kids, then starting a small daycare facility is a good business idea. The business is high in demand irrespective of the season and requires low investment.
5) Clothing Boutique
Women have a great passion for fashion and can create different styles using any patterns. They can covert their passion into a business. However, you need a proper plan and location before starting the business. All you need is to buy designer clothes at a wholesale rate and sell them at retail prices.
6) Beauty Parlor
Beauty parlor is a profitable business idea. It is a widely spread business and attracts adolescent girls to women of all sections. The main advantage of this business is that it requires very minimal investment and operational costs. With better branding and advertising, you can establish a successful beauty parlor.
7) Cooking classes
Are you a great cook and love cooking? Then, starting cooking classes is one of the best business ideas from home with low investment.
8) Biscuits Making
Do you love baking biscuits? Starting a home-based biscuits business is a great way to generate revenue from something you enjoy. This business idea is perfect for women, housewives and moms.
Moreover, it doesn’t require a huge space for the operation.
9) Handmade Crafts
Handmade crafts are authentic and unique and have great business potential. If you are great with your hands, then a handmade crafts business is a great idea. From stationary to handcrafted book covers, you can sell your creations from the comfort of your home. Backing your creativity with unique products can incur huge profits.
10) Gardening and Nursery
This is a profitable small business that requires low investment. With the growing ecological awareness across the world, people are investing in plants and scrubs for their homes and office spaces. If you are a nature or green lover, you can start a gardening and nursery business.
11) Pickle Making
If you are good at making tasty pickles, you can convert your special skill into a profitable business. You can either set it up in your own home or at a small rented space.
Profitable Business Ideas for Men
1) Wedding Planners
A business in wedding planning is considered to be the most lucrative business idea as Indians go big on weddings. All you need is to fully understand the budget constraints and demands of the customer. Keep educated with the latest trends in fashion, styles, decorations, and food.
2) Food Catering
The food catering business has the potential to expand from a small, low investment business to a large venture. This could be the best business idea if you are good at providing tasty and healthy food and reliable catering services.
3) Food Truck
People in cities are food lovers and go out for food no matter what the time is. Hence, if you own a food truck, you can move around the city and target good locations where there is potential business.
4) Real Estate Consultant
Usually, real estate consultants charge 1 to 2% as commission on a real estate property value. The real estate business has skyrocketed in the recent times. Hence, this is the best idea for a small business even if you have little knowledge of real estate.
5) Grocery Delivery
People, especially in cities are busy with their hectic work schedules and are always short of time for other activities. So, the door delivery of groceries is highly acceptable. Moreover, the COVID-19 lockdown has increased the dependability on door delivery services. Hence, this is the right time to plunge into this business.
6) Electronics Repair
Electronics repairing is a lucrative small business opportunity as electronics became a necessity of human life. All you need is a little experience and study of electronic devices. In addition, you can also sell second-hand electronics.
7) Packers and Movers
If you can manage to get a simple van then, you can start the business of packers and movers. This business has high chances to turn into a profitable business as there is not much competition for relocating services.
8) Car cleaning services
This is the best low investment business idea if you can provide affordable car cleaning services.
9) Tea Stall
Smaller tea stall business owners have done exceptionally well over the decades. All you need is an initial investment for a small room or space for the tea stall. If you are a ‘Teaholic,’ then convert your love for tea into a profitable business.
10) Ice Cream/Chocolate Parlor
This is one of the excellent and fast-growing business ideas. Opening an ice cream or chocolate parlor near IT companies or crowded locations would be a good idea. Besides, you can add to online services like Swiggy, Zomoto and Uber to gain more profits.
11) Pet Business
Pet-related business is still a largely unexplored field in India. Nowadays, people are increasingly buying pets and spending lots of money on them. So, this business has high potential and holds great promises for those wishing to leverage this field.
12) Online Plumber Works
Online plumbing business is a unique business idea that is not yet implemented in many states of India. All you need is to assemble a few skilled plumbers and advertise a contact number for the customers.
Innovative Business Ideas for Students
1) Start Your Own Blog/Website
Starting an own blog or website is a very great profitable business idea for students. You can create a blog for free of cost and requires low operational costs. However, it’s imperative to spend time every day to become successful in this business.
2) Freelance Writing
If you have a passion for writing, this could be a perfect one for you. Freelance writing is the best business idea for students as there is zero investment cost and has flexible working hours. You can start the businesses right from the comfort of your home.
3) Resume Writing
Several students and employees are struggling to create a resume that communicates their skills and experience clearly. The business has little start-up costs and can be run from home. Even though you don’t need specific training or certification, knowledge of HR and recruiting can be an added advantage.
4) SEO Consultant
Several websites or blogs are being created every day. However, many fail to sustain in the competitive market due to a lack of knowledge on improving the rankings and SEO. Learning SEO would take 1 to 3 months. However, there will be enormous business opportunities once you become an expert in SEO.
5) Online Classes
Online tutoring has become a profitable business idea with rapid technological advancements and widespread usage of the internet. Choose the subject you are good at and start providing virtual classes.
6) Mobile App Development
If you are tech-savvy, then the mobile app development business could be a perfect one for you. With the increasing usage of smartphones, mobile apps have become more lucrative for new businesses.
7) YouTube Video Making
If you have a passion for photography and have the skills to make a quality video content, becoming a YouTuber is the best business idea. Choose a trending, desirable concept and start making video and post at least one video per day. YT Ad platform decides the payment based on the subscribers and views of your video.
If you have always been fond of teaching, tuitions can be the best business idea with zero investment. You can reach out to any teaching institute or even start tuitions at your home directly. Home tuitions can be more profitable.
9) Graphic designing
You can start a graphic designing business if you know graphic designing software. All you need is to connect with potential clients. Almost all freelancing websites depend on work-from-home graphic designing services.
10) Language Instructor
You can start your professional career as a language instructor if you know different languages or at least one foreign language. You can go virtual or rent a small space to conduct classes in the comfort of your free time.
India provides a host of opportunities for aspirants looking forward to start their own business. You can start your business in industries including information technology, pharmaceutical, agriculture, textile, healthcare, horticulture, education, and automotive.
The aforementioned businesses’ ideas are applicable to almost all the states India including Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Himachal Pradesh, Maharashtra, Mizoram, Meghalaya, Manipur, Nagaland, Tamilnadu, Telangana, Uttar Pradesh and West Bengal,
However, it’s imperative to choose the business idea which suits best based on your timing, choice and financial goals.
Do you have any Innovative business ideas? Mail us at firstname.lastname@example.org
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