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40 Startup Business Ideas to Try in 2024

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Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Aspiring entrepreneurs are often one brilliant startup business idea away from becoming their own boss. Of course, brilliance is easier said than done when starting a business .

The best startup ideas have business plans that solve a problem, meet an unmet demand or improve upon something already on the market — if not all of the above. Here are 40 ideas to help get your wheels turning as you look to bring a company to life.

best business ideas with 5 crore investment

40 best startup business ideas

Even startup ideas that seemingly come out of left field can yield incredible success. Read through this list for instant inspiration.

1. Create educational content or activities

Parents are always looking for tools and activities to keep their kids entertained and engaged. Printable activity guides for different age groups, home-school lesson plans or even virtual nature walks or story time could all be viable startup ideas.

2. Offer virtual team-building

Companies need new ways to boost morale and build camaraderie among remote and hybrid teams. Enter the virtual team-builder. Cheesemongers, mixologists, chefs, magicians, artists, historians, master gardeners — almost anyone can create and offer bonding experiences for virtual companies.

3. Start a meal-prep business

The U.S. market for meal kits is expected to grow 14.2% annually between 2023 and 2030, according to market analysis by Grand View Research [0] Grand View Research . Meal Kit Delivery Services Market Size, Share & Trends Analysis Report By Offering (Heat & Eat, Cook & Eat), By Service (Single, Multiple), By Platform (Online, Offline), Meal Type (Vegan, Vegetarian), By Region, And Segment Forecasts, 2023 - 2030 . Accessed Feb 21, 2024. View all sources . Tap into that market and start a meal-prep service to make people’s lives easier and cater to specialized diets (keto, vegan, Whole30).

4. Create a food waste solution

Creating a startup focused on reducing food waste could not only earn you some serious funding, but also positively change the food system and help save grocery stores and restaurants money.

5. Capitalize on plant-based foods

The U.S. plant-based market was worth $8 billion in 2022, with sales of plant-based foods projected to climb 44% over three years, according to the most recent annual report from the Good Food Institute [0] Good Food Institute . U.S. retail market insights for the plant-based industry . Accessed Feb 21, 2024. View all sources . Creating a vegan supermarket or making meat-free versions of traditional foods could be the ticket to success for aspiring entrepreneurs.

6. Start a dropshipping business

The e-commerce business model of dropshipping is especially attractive because it doesn’t require you to purchase inventory upfront. Selling higher-end products with low shipping costs could become profitable quickly if you do thorough competition research.

» MORE: 25 low-cost business ideas

7. Curate subscription boxes

Subscription boxes were a $32.9 billion business globally in 2023 (up from $22.7 billion in 2021), and the industry is still set to grow, according to a market research report by the International Market Analysis Research and Consulting Group [0] International Market Analysis Research and Consulting Group . Subscription Box Market Report by Type (Replenishment Subscription, Curation Subscription, Access Subscription), Gender (Male, Female), Application (Clothing and Fashion, Beauty, Food and Beverages, Pet Food, Baby Products, Health and Fitness, and Others), and Region 2024-2032 . Accessed Feb 21, 2024. View all sources . Pick a niche, and then curate a collection of specialized goods to deliver unique experiences to consumers. Some subscription boxes focus on a mix of products, like makeup or dog toys; others focus on a single item or theme, like shaving or sustainability. Find the right starting point for you and run with it.

Ready to get started? Here's what to do next

Open a business bank account.

Start keeping the books.

Build your website.

Protect yourself from liability.

8. Create an airport-centric app

Creating an all-in-one app that allows travelers tonavigate unfamiliar airports with real-time information is a relatively untapped startup idea. Though various travel applications exist, an app that shows amenities, TSA line wait times, ground transportation options and airport maps could be useful to passengers.

9. Become a destination wedding planner

Planning a wedding is stressful; planning a wedding from afar could fray any couple’s nerves. That creates a niche for a destination wedding planner who can advise on venue and vendor selections, as well as manage wedding and travel logistics for the bridal party and guests. If you love exploring, have expertise in a popular wedding locale and are great under pressure, this could be the startup idea for you.

10. Make local guides

Even if you don’t consider yourself a local expert, creating local guides can get you familiar with your surroundings and help tourists enjoy off-the-beaten-path experiences in your area. Make themed guides, highlight attractions and partner with local businesses for advertising opportunities.

» MORE: 25 side business ideas

11. Create a local grocery delivery service

A grocery delivery startup can come with minimal setup costs — you only need a vehicle and a cell phone to get started. Help older people or others who are too busy to shop by offering this community-friendly service. You can even approach grocery stores in your area to see if they're willing to partner with you to get the service off the ground.

12. Start a virtual event planning company

Virtual event planning is a new booming business as in-person gatherings go online or take a hybrid approach. A skilled planner who can ensure all attendees are engaged, regardless of location, will be in high demand for years to come.

» MORE: Best business credit cards for LLCs

13. Sell zero-waste products

Starting a zero-waste company is more than just a trendy thing to do; it can be an ethical, environmentally conscious decision. Selling sustainable products such as reusable bags, bamboo toothbrushes or products with zero-waste packaging could appeal to a growing number of sustainability-focused consumers.

14. Make products for pets

Create innovative pet products to take advantage of the fact that 66% of U.S. households (about 86.9 million households) have at least one animal companion, according to the annual pet ownership survey by the American Pet Products Association [0] American Pet Products Association . Industry Trends and Stats . View all sources . Developing toys, accessories or clothing for furry friends can help you tap into that expansive market. You can also go the service route and offer pet sitting, walking or virtual dog training. Or develop an app or tech solution that makes pet parents’ lives easier.

15. Create custom clothing

Selling custom clothing or offering a tailoring service could be your winning startup idea. The custom clothing industry is gaining popularity and offers room for long-term growth.

» MORE: How to open an Etsy shop

16. Sell vintage clothing online

Demand for sustainable fashion has helped propel second-hand clothing into a $39 billion industry in the U.S. with projections to hit $70 billion by 2027, according to an annual resale report by online consignment company ThredUp [0] ThredUp . ThredUp Resale Report 2023 . View all sources . Consider selling thrifted, vintage or upcycled clothing on social media, an ecommerce platform or an app such as ThredUp or Poshmark.

17. Begin niche blogging

Find a niche (think e-sports or urban farming) and create engaging content around it. You can earn money through advertising, affiliate links and even product sales once you build an audience.

How much do you need?

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Once we uncover your personalized matches, our team will consult you on the process moving forward.

18. Become an e-book writer

If you’ve got a way with words, consider becoming a self-published author and selling e-books on virtual platforms.

» MORE: 14 profitable e-commerce business ideas

19. Start ghostwriting

Create content for busy professionals who don’t have the time or the skill to write themselves. If you don’t mind not attaching your name to your writing, ghostwriting is a great way to earn money with little to no startup costs attached.

20. Become a resume writer

Everyone needs a resume, but few people are skilled at or enjoy writing their own. If you’ve got writing experience and are looking to launch a startup with no setup costs, creating a resume-writing service could be the path for you.

21. Open a coworking space

Capitalize on the rising popularity of remote work by creating a modern coworking space that addresses pain points of entrepreneurs. Pick a convenient location and build it out with highly sought-after amenities.

» MORE: 35 businesses that every community needs

22. Become an online coach

If you enjoy helping others achieve their goals and are a people person, this startup idea could be fulfilling for yourself and for your clientele. You can provide wellness, business or life coaching.

23. Flip failing websites

Buy an existing website, make improvements on it and sell it for a profit. You’ll need to understand the market well and have some web development skills, but this can be a profitable pursuit.

24. Become a web developer

The need for custom websites isn’t ever going away, and if you know your way around WordPress or know a programming language or two, you can start a profitable website development startup.

25. Start a podcast

If you’re deeply knowledgeable or passionate about a subject, consider getting into podcast production or hosting. Building an audience takes time, but once established, podcasters can earn money through affiliate marketing, donations and sponsorships.

26. Be a social media influencer

Once you find a niche and build a personal brand, amassing a large following on Instagram or YouTube can lead to a solid source of income through influencer marketing.

» MORE: 30 Instagram business ideas

27. Create online courses

Obscure hobbies can lead to lucrative business ideas if you make them easy for others to learn. If you’d like to teach others but aren’t interested in the coaching route, creating an online course could lead to reliable passive income.

28. Become a marketing consultant

If you’ve got digital marketing chops, help small businesses reach their target audiences by providing SEO, social media or copywriting services.

Video preview image

29. Develop an app

If you’ve got a unique idea and the necessary technical skills, creating an app could be your gold mine. It’s also possible to build an app without extensive coding skills, and once it launches, it can bring in passive earnings.

» MORE: 25 tech business ideas

30. Make a smart appliance

Smart accessories and home appliances are all the rage and becoming an important part of daily life for the average consumer. For inspiration, take note of daily tasks at home or at work that would be easier with a smart appliance.

31. Tap into virtual reality experiences

VR is the future, and the future is now. Create virtual reality experiences or accessories to tap into a global industry that’s projected to grow to a $165.91 billion market by 2030, according to a report by Fortune Business Insights [0] Fortune Business Insights . The global virtual reality market size was valued at $19.44 billion in 2022 & is projected to grow from $25.11 billion in 2023 to $165.91 billion by 2030... Read More at:- https://www.fortunebusinessinsights.com/industry-reports/virtual-reality-market-101378 . View all sources , a market research firm.

32. Make a niche dating site

The stigma around online dating has decreased over the past decade, so take the opportunity to help others find love. With various dating sites targeted to everyone from sea captains to farmers, there is market demand for specialty dating options.

33. Develop a chatbot

Create a chatbot — which uses artificial intelligence to communicate with people — to help businesses improve their communication. Chatbots have become more popular in recent years, and you can create one without knowing how to code.

34. Offer matchmaking skills

This is like creating a dating site but with a personal touch. If you have a knack for knowing what types of people and which personalities get along well, you might be the perfect person to start matchmaking. You can do this online or meet clients in person as well.

35. Be a virtual assistant

Being an online assistant for someone, or starting a company of virtual assistants, can be a huge success. Everyone could use a little extra help, and creating a startup focused around getting people that help for the administrative tasks in their lives, professional or personal, can be a huge moneymaker.

» MORE: Home-business ideas: 40 remote jobs to explore

36. Reinvent exercising

If there's one thing people get bored with, it's doing the same type of exercise day in and day out to stay healthy. Plenty of people have turned the exercise industry on its head, with businesses like CrossFit and Peloton popping up. You can do the same if you have an idea for a new regimen or activity for exercise enthusiasts.

37. Create eco-friendly, health-friendly makeup and beauty products

As people become more aware of the impact their personal choices have on their health and on the environment, they're looking for more health and beauty products that are also eco-friendly. Creating safe and eco-friendly products could be a great startup idea.

38. Open a food truck or restaurant pop-up

Opening a food truck or restaurant pop-up is a great startup idea for entrepreneurs with a knack for cooking. Both options are easier to launch than a full-scale restaurant and allow you to get started with a smaller staff and menu. You can open a food truck that only sells french fries with crazy toppings, for example, or launch a breakfast sandwich pop-up in your neighborhood coffee shop.

» MORE: Best food truck loan options

39. Start an organization business

Shows like "Tidying Up With Marie Kondo" and "The Home Edit" put professional organizing on the map, exposing millions to the magic of a tidy home. If you have a knack for making order out of chaotic spaces, you could start a business offering those services to those who need them. Organizing kitchen pantries, closets, bookshelves and more are all options you could offer customers at your new business.

40. Do interior design for young professionals

Have an eye for decorating? Start an interior design business, offering your services at an hourly rate virtually to young professionals looking for inspiration. It can be as simple as them uploading some images of their new space to your site and you sending back a few links with furniture in their budget and example images of what the room might look like when it's finished.

ZenBusiness

LLC Formation

How to choose a startup idea

Do your homework before diving headfirst into a startup idea. First, make sure there's demand for the business you want to start, where you want to start it. More than 35% of businesses fail because there isn't a market need for their services or product, according to research from CB Insights [0] CB Insights . The Top 12 Reasons Startups Fail . View all sources .

You also need to write a business plan , which should include your company’s objective, sales plan, market analysis and financial projections. A good business plan can help to keep your business on track. Lenders will also want to see your business plan when considering you for a startup business loan . You should also consider the skills you already have and see how those align with any of the startup business ideas you might go with.

This article originally appeared on JustBusiness, a subsidiary of NerdWallet.

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small business ideas in pakistan 2023

39 Small Business Ideas in Pakistan to Start in 2024

Home » Lifestyle » 39 Small Business Ideas in Pakistan to Start in 2024

Having a secondary source of income is always a good way to manage your finances. Depending on your expenses, it may also help you increase your saving, giving you greater freedom to follow your dreams. So, if you are also on the hunt for a doable side hustle to increase your income without quitting your day job, this blog is for you.  Here we have rounded up 39 business ideas in Pakistan that are best suitable for small-scale investors.

39 Best Small Business Ideas in Pakistan to Start in 2024

Now, without further ado, let’s begin with our list of the best startup ideas for 2023. 

GoodMediumKnow-how of the industry
GoodLowE-commerce knowledge
GoodMediumExperience in a similar field
GoodLowOnline marketing skills
GoodLowNot necessary
MediocreHighKnowledge about fishing industry
GoodHighKnow-how about plant species
GoodMediumKnowledge about poultry animals
MediocreHighExpertise of a beautician
MediocreLowResearch and creative writing skills
GoodLowOnline tutoring expertise
GoodLowKnowlege of art and latest designing tools
GoodLowWebsite and Social Media marketing skills
GoodLowResearch and creative writing skills
GoodLowVideo making and editing skills
GoodMediumKnow-how of cooking and event management
GoodLowPhotography and picture editing skills
MediocreLowFood business management and marketing skills
GoodLowKnow-how of the digital media
GoodMediumPassion and knowlege of travelling
MediocreLowKnow-how about skincare and cosmetics
GoodMediumBusiness knowledge
MediocreMediumKnowledge of antiques
GoodMediumKnowledge of Latest Fashion Trends
MediocreLowKnow-how of smart tools and gadgets
GoodHighAttractive location and knowledge of real estate
GoodLowDriving and communication skills
MediocreLowKnowledge of exercising, balanced diet and fitness
GoodHighHospitality and management knowledge
GoodLowKnowledge of cooking and online marketing
MediocreLowGood handcrafting skills
MediocreLowHandling toddlers and young children safely
MediocreLowKnowledge of yoga and fitness
ModerateLowEvent management and communication skills
GoodLowReal estate knowledge and brokering skills
MediocreHighKnowledge of FMCGs and business skills
MediocreMediumGood location and trading skills
GoodHighKnow-how of the logistics industry
GoodMediumWebsite and app design and development skills

Real Estate Investment

real estate investment idea

Real estate market is touted as one of the most lucrative investment avenues in Pakistan — and rightly so. The value of properties in many major cities across the city has sky-rocketed in recent years. Those who have invested in credible and well-located projects have already set their eyes on short-term and long-term capital gains. 

Expected Returns on Lucrative Real Estate Projects

Keeping in view the upward price trends, real estate investors can enjoy up to 60-70% capital gains and a rental yield of around 7-8%. If you want to learn more about the ROI and rental yield in real estate , check out these blogs.

Technically, it is not one of those business ideas in Pakistan that require small investment, but with a few tricks, you can increase its affordability factor. Wondering how? Keep reading to find out.

Tips to Make an Affordable Real Estate Investment

Have a limited amount to invest in one go? Don’t worry! Here are some interesting tips and affordable property investment options for you to explore.

Go for Properties with Easy and Flexible Payment Plans

You’d be surprised to know that you can invest in some under-development property projects for as low as PKR 10,000 a month. In such projects, you can book your desired property with a down payment of around PKR 100,000-150,000. However, it is important to only invest in real estate projects. They might cost you a little more, but your investment will definitely be in safe hands.

Zameen.com’s New Projects portal has plenty of interesting options available for property investors. All you have to do is to select your desired city and start exploring lucrative investment opportunities around you. Also, projects marketed and sold by Zameen.com ensure reliability and profitability to both short-term and long-term investors.

Search for a Low-Cost House for Sale

Buying a newly constructed house with a limited budget is still possible. Yes, you read it right. So, to help you find some budget-friendly property options, the experts of Zameen.com have compiled listings of low-cost houses available in major cities across Pakistan, including Karachi , Lahore and Islamabad . Investing in a low-priced residential unit is probably the best way to make an affordable real estate investment. 

Buy and Renovate/Remodel an Old House

If the structure of the property has deteriorated, it might’ve already lost a good chunk of its real estate value. Depending on your interest, you can invest in such properties and restore them to earn profit. Buy a property that is in bad shape, renovate or remodel it, according to its condition, structure and market demand. 

Narrow down your search to old and small-sized houses to make your property hunt easier. Keep a budget of around PKR 30-40 lakh in mind. Make sure to avoid these renovation mistakes while working on your project. 

Dropshipping

Can you start dropshipping in Pakistan? Well, the answer to this question is a definitive yes. In fact, it is one of the best low-cost business ideas in Pakistan that doesn’t require large up-front capital. You can easily run and manage a dropshipping business in your spare time. 

Here’s How Dropshipping Business Works

With a dropshipping business model, you can easily run your entire business from your laptop. The only thing that needs a lot of research is identifying the top-selling products.

Everything becomes easy once you are done with that step. You can fetch the required products, use affiliate marketing to promote your products, ship orders, and offer customer support. You can manage all these business operations while sitting on your couch.

Now, let’s find out how to set up a dropshipping business in Pakistan.

Step-By-Step Process to Start Dropshipping in Pakistan

In recent years, dropshipping has become a popular option for start-ups. The business model requires small capital to get up and running. Also, setting it up is also easy. Here, we’ll elaborate on the entire process in a few simple steps, take a look!

  • Set up your online store

To set up your e-commerce store, you have to get a third party involved. You’ll come across many dropshipping platforms in Pakistan suitable for small businesses. Some of the most popular ones include

Shopify : an easy-to-use platform for setting up online stores. The portal is famous around the world. Using Shopify, you can make use of different themes and templates to build your online store.

Daraz : It’s a name that needs no introduction. You can easily start your dropshipping business in Pakistan with this popular portal. You’ll be keeping the profit on your product while paying its wholesale price to Daraz. The entire process is automated.

AliExpress : AliExpress dropshipping follows the same traditional dropshipping business model, which makes it quite convenient for new businesses. Copying the product from the AliExpress market, deciding on your own markup/profit margin and shipping it to your customers directly from your store. 

Amazon : Another option to consider for aspiring dropshippers in Pakistan. However, setting up an Amazon store isn’t easy. Owing to the questionable track record of many Pakistani sellers, Amazon has put stricter policies in place for local dropshippers. It could immediately block your account upon negative feedback. Dropshipping at Amazon is highly popular around the world, but since it has very strong customer-centric policies, running an Amazon e-store from Pakistan is currently a bit too risky.

  • Choose the type of products for your e-store

Do market research to decide on the supplies for your dropshipping store. Get in touch with a suitable supplier of your desired products. Once you’ve selected your supplies, you can simply post the products on your store with your own offer price. 

  • Gaining Customer Base

Social media platforms are a good way to market your dropshipping business nowadays. You can promote your products/services on platforms like Facebook, Instagram and/or LinkedIn, depending on the nature of your business. Target your audience online for a higher conversion rate. With the latest metrics, make sure to reach out to the relevant audience to convert your visitors into leads and eventually, customers.

Increase Your Dropshipping Knowledge

Before you jump into the field and start handling things practically, equip yourself with as much dropshipping knowledge as possible. You can also Hire an expert to run your business for you, but it wouldn’t be a long-term solution. Also, if you don’t know the functionalities involved in drop shipping, you’d always depend on others to guide you. 

From developing and designing your e-commerce platform to marketing it, you should know at least a little about everything. Of course, you won’t be able to do everything yourself, but having technical know-how about every aspect of your business would make a lot of difference.

Investing Money in a Dropshipping Business in Pakistan

Thinking of starting your own business venture with a small amount of money? Dropshipping would be a great option for you. The minimum amount of money you’ll need to invest in dropshipping in Pakistan is around PKR 100,000. It would be enough to put your product/services on the market. 

Restaurant/Coffee Shop

coffee shop idea

Pakistan is a country of foodies. In many cities around the country, the best outing spots for families are usually local restaurants and coffee shops. It is not necessary to open a fancy eatery or cafe to make it successful. 

The very first thing you can do is to reach out to other people running similar businesses. They may be in your social circle or professional network. If not, then you can use Facebook groups and communities to post your questions/queries to fetch relevant information. 

How to Set Up a Restaurant or a Coffee Shop

Opening a coffee shop is one of the most feasible small business ideas in Pakistan. Here’s how to get started

Business Plan: Are you willing to skip your business plan because you think “it’s too much work”? Don’t do that. Having a business plan in place is crucial for each stage of setting up and running your coffee shop or small restaurant business in Pakistan.

Select a Suitable Location: Go for popular business locations in Karachi, Lahore, Islamabad and other major cities in Pakistan. Keep a monthly rent expense of around PKR 30,000-100,000 in mind, depending on your location. 

Required Staff: Wondering how many staff members you’d need for your coffee shop business? Ideally, there should be around 5 workers assigned different tasks. 

Business Hours: Most people like having their coffee before going to work early in the morning. So, try to open your shop at 8 am in the morning and close it at around 10.30 to 11 pm. The closing time for your business may also depend on its location and permission from authorities.

Supplies and Equipment: You cannot run your coffee shop without these two elements. Reach out to coffee wholesale suppliers. They may offer you fine-quality coffee at reasonable prices. Also, use your friend circle or groups on social media to look for people selling slightly used coffee shop equipment. It would be a good way to save some money.

Deciding the Menu: Come up with an interesting coffee shop menu. Offer different types of freshly brewed coffee, such as Espresso, Mocha, Cappuccino, Latte, Cold Coffee, etc. Also, add an interesting variety of sides to your menu like doughnuts, sandwiches, pastries, and cookies. Try to buy these confectionaries from a high-end bakery in bulk quantities. You can also collaborate with them to use their brand name. They may offer you their products in bulk quantities at wholesale rates. Make sure your menu is visible to people passing by. It is a good way to attract customers.

Market Your Coffee Shop: Once you have set up everything, your next goal is to grow your business. Use different types of conventional and online marketing tactics. You can also collaborate with food delivery companies like FoodPanda, Careem and Bykea. 

Coffee Shop Investment in Pakistan

Here’s a breakdown of the investment required for starting a coffee shop business in Pakistan.

You need to set aside a budget of up to 10 lacs for starting your venture. This amount covers your initial rental expenses, security, renovation/remodelling, equipment, advertising budget and backup plans, among other expenses. 

For a more detailed breakdown, refer to the table below:

Shop 4 Months Advance Rent200,000
Shop Rent (Monthly)50,000
Security Guard50,000
Security Equipment (CCTV Cameras)30,000
Coffee Shop Equipment150,000
Shop Renovation/Remodelling300,000
Financial backup for Salaries220,000

Print-On-Demand T-Shirts

sell customized t shirts

If you are looking for a low-cost startup idea in 2023, then get started with the print-on-demand t-shirt business. It is another form of dropshipping business model. However, in this business, your focus should be on customizing products as per your customers’ requests. 

Along with t-shirts, you can also sell caps, smartphone cases, hoodies, tote bags, and other types of accessories. Using memes and witty slogans on your products would be a good way to attract new customers, especially teenagers.

How to Start Your Print-On-Demand T-Shirt Business in Pakistan

  • First of all, you’ll need a graphic designer. If your design skills are good, you wouldn’t need one. Otherwise, you’d need to hire one. Check for platforms like Fiverr, Upwork and LinkedIn.
  • Buy plain t-shirts in bulk quantities. It would be cheaper and result in more profit. 
  • Make sure the fabric of your t-shirts is good. It is important for your brand’s credibility.
  • Use platforms like Facebook, Instagram and other online marketplaces to market and sell your products.

Fish Farming

According to a recent survey, fish farming is among the fast-growing food production segments in the world. As the name suggests, it is the process of breeding and raising marine animals commercially. Let’s show you how this business model works.

How to Start Fish Farming in Pakistan

  • Identify the right type of fish and other edible aquatic species.
  • Keep in mind the preferences and choices of your target market.
  • Dig a pond if you have soil around your home or arrange water containers.
  • Other equipment you’ll need include water pumps, fish graders, aeration devices, and water testing tools, among other things.
  • Also, keep in mind that seafood in Pakistan is best sold in winter, so harvest accordingly.

Urban Farming

urban farming business

Urban farming is a great low-investment business in Pakistan. You can set up an urban farm in your backyard, lawn or terrace or any other outdoor space. Once you’ve grown your own fruits and vegetables, you can eat them or sell them at a local store. With consistent farming habits, you can turn it into a profitable business, specializing in any particular local produce. 

How to Set Up an Urban Farm in Pakistan

  • Dedicate an outdoor space, which is properly landscaped and not infected with pests.
  • Use pesticides if necessary before setting up your organic garden.
  • Select fruits and vegetables for harvesting that can grow well in your region. 
  • Take urban farming workshops, if possible, to properly take care of your harvest.
  • Make sure to plant some flowers to attract pollinating bees that naturally improve the quality of your crops.

Poultry Farming

Counted among the most popular small business ideas in Pakistan, poultry farming is an integral part of our agriculture sector. It employs more than 1.5 million people in the country. A poultry farming business can be about chicken breeding/hatchery or meat production. However, setting up a hatchery business is more convenient than meat production. 

Poultry Farming Investment in Pakistan

A lot of sources on the internet quote that starting a poultry farm business in Pakistan requires a large investment. Well, we’d like to say otherwise in this regard. Don’t buy a large piece of land, it’s the most common mistake people make. Many investors assume starting big would yield more profit.

Everyone knows the volatility of the agricultural sector these days in terms of prices. It would be wise to begin your venture with a small investment. You can set up a small-scale hatchery business by investing PKR 100,000 at first. 

Once your operations are streamlined, your livestock is performing well and you are making profits, you can go for expanding it by putting in more capital. 

How to Start a Poultry Farming Business in Pakistan

  • Once you have decided on the capital and type of poultry farming business, you need to look for the necessary resources.
  • Set up a suitable environment for the animals where they’ll be living and breeding.
  • You’ll have to buy livestock and take care of their feed. Get in touch with people who already own and run a poultry farm to get useful and practical advice. 
  • Make sure to get your chickens vaccinated to protect them from seasonal viruses and diseases. Don’t invest in low-cost and untrusted doses of vaccination, they may be harmful to your animals. 
  • Keep a regular check on the health of your chickens. They may easily get sick because of the changing weather conditions and pass on germs virally to other animals. Don’t hesitate and call a vet immediately if need be.
  • Also, it is crucial to maintain ideal temperatures if you want your livestock to thrive.

Beauty Salon

salon business idea

Setting up a beauty salon requires more capital than many other startup ideas in Pakistan. To make your salon business a profitable stream of income, you should have good beautician and communication skills. Hire experienced staff members. Train them, if necessary. Depending on your PR, you can also ask online influencers and internet celebrities to market your salon. In return, you can offer them free services.

Things You Need to Set Up a Beauty Salon

  • The very first thing you need is a work permit and authorization from the local authorities for opening up a salon.
  • Start with a few basic services if you have a limited budget. 
  • Once your business starts getting customers, you can then expand your service menu to attract a wider audience.
  • Do a survey of other salon businesses in your area and make sure to offer services at competitive rates.
  • Have interior arrangements and invest in the right salon equipment.
  • Distribute pamphlets and brochures, and use social media to market your business.

Publish an E-boo k

If you have good creative writing and research skills, you can use them to publish your very own eBook. It is far easier and cheaper than publishing a physical copy. It is also among the best online business ideas in Pakistan. 

E-Books are now a part of a rapidly growing industry where people are making a lot of money. You’ll come across a large audience of avid readers who prefer digital publications because they are cheaper and more easily accessible. 

The reason we have included eBook publication in small business ideas in Pakistan is pretty obvious. The production and distribution costs of ebooks are quite lower than the physical ones. So, it is an easy place for aspiring writers to get started.

As an ebook writer, you can use tools like Visme, Jasper AI and Canva to begin your venture. Most of these tools offer free basic plans to help you start things off. Here are step-by-step instructions on how to publish and distribute your eBook. 

How to Publish Your E-Book in Pakistan

E-book publishing has grown into a multi-billion dollar industry. You can also benefit from it while living in Pakistan. The process is very simple and elaborated below:

  • First of all, select your niche and identify your target audience.
  • Pick a topic (either fiction or non-fiction) that’ll help your book stand out.
  • Take as much time as you need to write and edit your book. Make sure you’re giving out your best.
  • While putting it up on Amazon, Daraz or other similar online marketplaces, write a description that catches the attention of online users. It’s not like you’re summarising your book, instead, you give your prospective readers a reason to buy it.
  • Make sure to upload a nice cover for your eBook. No matter what, people will always be judging a book by its cover.
  • If your book gets successful, you can earn up to $1000 per month.

Offer Online Courses

online tutoring business

Do you have skills and expertise in any particular field? If yes, then all you need is online tutoring skills to start earning money. You can use platforms like Skype, Google Meets or any other similar live chat portals to offer online classes. For notes and other course materials, you can create files in PDF format. 

How to Start Online Tutoring Business in Pakistan

  • The best part about online tutoring is that you don’t need any particular degree or level of education. 
  • Use word of mouth, social media groups, paid online marketing and classified ads to promote your business.
  • Make sure the knowledge you are conveying is actually helping people.
  • It would be good to become an affiliate of a recognised university or an online education platform.
  • Giving certifications and accreditation will increase the level of credibility of your tutoring business.

Graphic Designing

With some knowledge of art and the internet, you can easily learn graphic designing. There are many free and paid courses available these days. For free courses, you can simply check YouTube. Channels like GFXMentor would be a great source of learning for you.

On the other hand, with paid courses, you can easily get certifications upon completion. It would be a plus, but you need to have really good skills. Once you have attracted a few clients, you can turn it into a fully-fledged business by hiring more resources. It is one of the best online business ideas in Pakistan with a small investment.

To upload your portfolio online, you can use world-famous platforms like Behance and Dribble for free. Having a good portfolio would be a great way to start things for a graphic artist and designer.

E-commerce Website

e-commerce business

Do you want to run your own store but don’t have the resources and budget to set it up physically? Don’t worry. Everything is possible in the online world. There are many e-commerce websites nowadays that are earning well. You can set it up too. 

The only major investment in the entire business model would be the creation of a website. However, you can manage your stock in the later phase as per the demand.

How to Start an E-commerce Business in Pakistan

  • The process is very simple. Create a website using the most popular e-commerce web development platforms, such as WooCommerce, Shopify, etc. 
  • You can either focus on single or multiple categories of products on your website. It would certainly impact the business model of your business.
  • There are many courier companies or ride-sharing companies that can be contacted to arrange deliveries.
  • To market your business, you can use brochures, online ads, Facebook groups and other social media platforms. The way you promote your e-commerce website depends on the nature of your business. 

It is another great online business idea for people with good writing skills. There are many different online blogging platforms like WordPress.org or Google’s Blogger. Using such online portals will help you get started for free. Many bloggers these days are using affiliate marketing tactics to earn money. 

Useful Tips to Start Blogging 

  • The aforementioned free blogging platforms will help you create a blog and get started.
  • You need to focus on your niche and come up with enticing topics to attract the online audience.
  • Knowledge of search engine optimization and marketing is very important for a blogger.
  • Once you have pulled enough readers, dedicated followers and subscribers, you can start focusing on affiliate marketing.
  • A successful blogger can earn anywhere between $1000-2000 a month. 

Vlogging is another form of blogging. The only difference is that you’ll be using videos instead of text to reach out to your desired audience. Vlogging needs more skills and effort. You need to be good at making video scripts, capturing videos and editing them later. The more interesting your video is, the more it’ll attract viewers.

The most popular platform used by vloggers today is YouTube. It is free to use and you can post any content you want, in line with YouTube policies for published content. Make sure not to copy videos from other channels or repost them. The last thing you would want on your YouTube channel is a copyright strike. If your channel is running successfully on YouTube, you can earn between $750-1500 a month. 

Food catering is also one of the most popular business models in Pakistan. The main thing that works in the catering business is public relations. You can start by serving in private gatherings and small events. 

Once your venture has established a good reputation, you can extend your services to catering corporate parties and popular events. To market your business, you can use platforms like Facebook and Instagram. Word of mouth would also make a big difference in terms of promoting your catering services.

How to Start Catering Business in Pakistan

  • You need to have cooking and communication expertise to start a catering business. 
  • Along with these basic skills, you also need a space for your setup. A kitchen, an office and probably a storage space would work.
  • You can also outsource different catering equipment, if need be.
  • It would be good to only make necessary investments at the beginning and try not to splurge.
  • If your catering services start getting famous, consider expanding to attract a wider audience.

Photography

photography

Photography is probably the best business idea in Pakistan for people with photography and editing skills. This business also works best for those with good PR. However, you can always create and upload a portfolio on social media and relevant websites. This will help you showcase your work to your potential clients. 

How to Start Photography Business in Pakistan 

  • All you need is a good professional camera and the latest editing software. Due to such minimal requirements, it is considered one of the best small business ideas in Pakistan.
  • You can be a freelance photographer at the beginning. Once you have enough experience and a customer base, you can set up a studio.
  • A person with good photography skills and experience can earn up to PKR 60,000 a month. 

Don’t have a budget to open a restaurant? Fret not. You can go for the option of a food cart or a food truck. The most basic type of business model in this regard is a fries cart. However, in recent years, the concept of street food and food carts has become very popular. 

Food kiosks and trucks have become an important part of street culture around the world. Even in Pakistan, you’ll see them in popular markets and commercial districts of big cities like Lahore, Karachi and Islamabad. So, setting up a food cart is a thriving business idea, if properly executed. 

Freelancing

freelancing in pakistan

Ever since the emergence of high-speed internet and mobile technologies, freelancing in Pakistan is booming. If you want to be a freelancer and work for your clients remotely, you should develop a certain set of skills. For example, you can be a writer, graphic designer, web developer or digital marketing expert. 

Now let’s talk facts about the freelance industry in Pakistan and its exponential growth. As a country of youth, Pakistan is rubbing shoulders with many other countries in terms of increasing global competition for remote workers. If we take a look at stats from FY 2021-22, the local remote working sector reportedly made a staggering $400 million dollars at an unprecedented growth rate. 

Considering the market’s rapid growth, freelancing is one of the best small business ideas in Pakistan. Want to start off your remote working journey on the right foot? Follow these steps. 

How to Start Freelancing Business in Pakistan

  • Focus on Your Expertise: Whether you are planning to freelance part-time or want to make it your full-time income stream, focus on your skills. Create and showcase the best of your work to your prospective clients as a writer, graphic designer, digital marketer or whatever expertise you have.
  • Pick Your Clients Wisely: As a freelancer, you’ll have the privilege to be your own boss. It also means that you’ll have the liberty to pick your clients. It would be great to start offering your services to someone you know or use credible resources to find work. Don’t hesitate in spreading the word in the circle of your friends and acquaintances to let people know about the services you are offering.
  • Create a Portfolio to Showcase Your Skills: Want to increase your client base in the freelancing industry? Create a portfolio that stands out. Journo Portfolio , WordPress , Canva , Behance and Adobe Portfolio are some of the free-to-use platforms for uploading your portfolio. You can also make use of LinkedIn, which allows you to link all your portfolios with your professional profile.
  • Be a Part of Popular Remote Working Websites: Set up an account on Fiverr, Freelancer, Upwork or any other popular freelancing platform. You’ll see plenty of jobs matching your skillset, but getting work on these remote working websites isn’t easy. Create a profile that sets you apart from other freelancers. Keep sending proposals on job postings. In the beginning, try to offer your services at the lowest possible yet justifiable rates.
  • Use Other Online Platforms to Get Work : There are other marketplaces and social media groups where freelancers in Pakistan can find work. For example, Facebook has multiple groups dedicated to writers, graphic designers and other types of online experts. Join them and pitch your profile to get work. 
  • Capitalise on Your LinkedIn Profile: Gone are the days of conventional CVs as now recruiters majorly use LinkedIn for headhunting. The same goes for finding remote workers and freelancers. If your employer doesn’t have any issue with it, you also turn on that “open to work” option on LinkedIn.
  • Have a Dedicated Workstation: Once you have properly transformed your freelancing skills into a steady source of income, think of setting up a dedicated workstation. It would allow you to be more productive with fewer distractions. You can set up a home office if you have enough space. On the other hand, if freelancing is your full-time job, you can consider renting a desk in dedicated co-working facilities like Daftarkhwan, The Hive, COLABS, and Kickstart, among others.
  • Set up a payment gateway : If you are working for a local client, you can easily use any digital wallet services or inter-bank transfers. On the other hand, if someone hires you from abroad, you may need to make an account on PayPal, a globally acclaimed payment merchant. No, it is not available in Pakistan, but there are some workarounds. Check out these tips to create and use a PayPal account in Pakistan and its popular alternatives .

Travel Agent

Are you passionate about travelling? Becoming a travel agent would be a great low-risk business idea for you. You can help people with ticketing processes, visa applications and tours. Having knowledge and expertise about travelling to different countries would be a major plus. 

Travel agencies in Pakistan also offer Haj and Umrah packages and guidance. You can also become an affiliate of an immigration consultancy. The scope of this business is pretty vast in the country.

How to Set Up a Travel Agency Business in Pakistan

  • To run a tourism business in Pakistan, you need to get a travel agency license first.
  • Once you are all set to open a travel agency legally, you need to focus on the list of services you will offer.
  • You can run your business alone but it would be great to have a collaborator. Like other public dealing businesses, the success of a tourism agency also greatly relies on PR.
  • Have an active social media presence and keep updating your audience with new pictures and videos of their desired destinations. 
  • Offer all-in-one travel packages at competitive prices to attract more customers, especially during peak tourism seasons.

Organic Beauty Products

organic beauty products business

If you have an interest in dermatology and skin care items, then selling organic beauty products would be an ideal side hustle for you. To start off as an organic skincare entrepreneur on the right foot, make sure to do your research thoroughly. Learn about the skincare and dermatological problems of your target audience, so you can offer them products accordingly.

It is important for you to hone your organic formulation skills. Do product testing to find out more about their potential outcomes before offering them to your customer. To make your venture a success, spread the word. Try to grow your following on social media organically and via marketing. You can also collaborate with internet celebrities and influencers to promote your business. 

Set Up a Co-working Space

The Covid-19 pandemic has changed the world around us. It has significantly impacted our work-life balance. Remote working has become a common thing and many companies are now hiring employees who work for them remotely. 

This has made setting up a co-working space a pretty lucrative business idea in Pakistan. You can either buy or rent out a commercial unit to set up a co-working space. Even if you have a few spare workstations in your office, you can turn them into a co-working space. 

How to Open a Co-working Space in Pakistan

  • First of all, look for a suitable location to start your venture.
  • Come up with a fully-equipped setup, if there is enough space.
  • Have meeting rooms, conference halls, cubicles and separate offices.
  • Make sure to install a vending machine, water dispenser and coffee machine.
  • Including a separate cafeteria and a game room would be a plus.

Collect Antique Items

collect antique items

Many people have a passion for gathering antique handicrafts and artefacts and storing them as a collection. If you also have a similar passion, you can transform it into a profitable business. Antique collectibles may be worth a lot of money because they are a part of human history. 

You can buy or collect antique items and sell them to enthusiasts at higher prices. It is one of the most feasible low-cost business ideas in Pakistan. Once you have figured out a way to find the right items, you can also start an antique store. 

By selling a single unique artefact to the right buyer, you can easily make thousands of rupees. It could be a very lucrative business for people with the know-how of antiques. Use platforms like Facebook and Instagram to get the attention of a wider audience.

Online Clothing Store

Selling apparel is one of the most popular eCommerce niches. In fact, it is also among the best low-investment business ideas in Pakistan. Depending on your budget, you can create your own label or go selling items from other popular clothing brands. 

There is also an ever-growing demand for used imported clothes or export items that are rejected due to minor defects. Make sure to pick only the products that are in good shape. Take examples of brands like Khazanay.pk and Export Leftovers (shortened as Elo). Places like Lunda Bazaar (Light House Market) and Shershah Godowns in Karachi are where you can easily find imported clothing items and accessories in bulk at wholesale rates. 

Here are some of the basics you should know before setting up your online clothing business.

How to Start Online Clothing Business in Pakistan

  • Before starting your business, it’s a great step to carry out a competitive analysis of your target market.
  • Select the target audience for your business. You can sell menswear, womenswear or unisex clothing items and accessories. 
  • Also, instead of investing in a website, first set up your store on free-to-use platforms like Facebook and Instagram to analyse the response from your target market.
  • To grow your business, offer discounts and promotions on the launch of your store or while introducing a new product.
  • If you are selling items from other clothing brands, make sure you have obtained their consent.
  • Make it easy for your customers to connect with you. Use the messaging platforms of Facebook, Instagram and WhatsApp to connect with your customers.
  • Offer refund and exchange policies for valid reasons to increase the credibility of your store.

Sell Mobile Accessories

mobile accessories business

Moblie accessories are among the most selling items on the internet these days. To set up an online mobile accessory store, no hefty investment is required. You can sell them on different marketplaces like the ones available on OLX.com and Facebook.com. Make sure the accessories you are selling at your store are in demand if you want to generate profit. 

How to Start Online Mobile Accessory Business in Pakistan

  • With just a few accessories and a free online marketplace, you can start your venture and test things out. It is one of the best online business ideas in Pakistan with small investment.
  • Don’t limit the availability of your products to one platform. Put them on OLX and Facebook marketplaces simultaneously and also create a Facebook page under your brand’s name.
  • Pick a catchy brand and logo along with a tagline to highlight your business among netizens.
  • Once your business has enough customer base, you can start expanding your product offerings. Include gadgets along with accessories.

Set up a Co-living Space

With constantly increasing property rents, the concept of co-living spaces is also on the rise in Pakistan. These accommodations are ideal for students, expats and working professionals. Co-living spaces usually offer separate and shared accommodations. An ideal co-living space should include all basic facilities.

To set up a co-living space, find a property located in business centres and commercial districts. Such areas usually have educational institutions and corporate enclaves, which means more potential walk-in customers. For the convenience of the residents, you can also offer add-on amenities like a WiFi connection, activity area, gymnasium, etc.

Car Pooling

car pooling business

When your car is a 5- or  7-seater vehicle, why go to the office alone? Why not start generating profit from your driving skills? In this era of mobile devices, carpooling has become more convenient than ever before. 

Amid rising inflation, fuel saving has become crucial and carpooling is the best way to do it, not for you but also for others around you. You can also start a pick-and-drop service if you have spare time, helping people with their commuting needs. It would be a good source of a second income.

How to Start Car Pooling Business in Pakistan

  • Start by spreading the word in your social circle that you want to carpool.
  • It would be good to offer your services to people who share the same route.
  • Decide on rates that you want to charge every individual sharing a ride with you.
  • Sign up on famous ride-hailing apps if you want to earn more or start a pick-and-drop service.
  • Car pooling/ride-sharing is a great low-investment business idea in Pakistan for people who have some spare time and good driving skills.

Become an Online Fitness Trainer/Instructor

If you know how to take care of your health and have a lean body, become a fitness trainer. Of course, it is that easy in today’s world. No, you won’t need to buy any physical space to offer your services, you can simply offer them online. Let’s find out how you can get to your goals and start earning money.

How to Become an Online Fitness Instructor

  • Set up an account on Instagram, Facebook or YouTube about your fitness services.
  • Upload live videos containing exercising, diet plan and tips to attract the audience.
  • As an online fitness coach, divide your services into free and paid memberships.
  • Restrict some of your core services and products to premium members.
  • Ask people to sign up for paid memberships to gain access to all of your services.
  • A successful online fitness trainer can earn up to $4,000 a month.

Vacation rentals

vacation rental

Ever wonder how to invest in a vacation property? You can not only use it for your own leisure but also make money from it, especially during the tourist season. Pick a suitable location for your investment property. You can even look for a summer home located in the northern areas of Pakistan.

Your vacation property near a famous tourism spot can generate a rental yield of up to 8%. It may also enjoy high real estate appreciation down the road. If your vacation rental business thrives, you can also consider diversifying your property portfolio.

How to Start Earning Money from Vacation Rentals in Pakistan

In today’s world, the biggest source for reaching out to people is the internet. With the availability of world-leading platforms like OLX.com.pk and Airbnb in Pakistan , you can easily list your vacation property to attract renters. 

How to List Your Vacation Property on Airbnb in Pakistan

Here’s how to list your vacation property on OLX.com.pk

  • Access the OLX app on your mobile phone.
  • Click on the sell button with a plus icon
  • Select the category of your ad. You’ll need to click on the “property for rent” option.
  • Select “Vacation Rentals – Guest Houses” from the list.
  • You can upload up to 12 photos in your ad. The more photos you upload, the more prominent your vacation property will become to ad viewers.
  • Provide all the required information about your property in the given fields.
  • Set a justifiable rental rate for your vacation property and post your ad. 
  • Your ad will go live in a matter of minutes and you’ll get an email notification.

The process of creating a listing on Airbnb involves a few steps elaborated below.

  • Visit Airbnb.com and create an account. Sign-up with your details using a pop-up window. You can use your Gmail or Facebook account to sign-up.
  • To create a listing, fill out the basic descriptions of your property, such as address and in-house and nearby amenities.
  • There is a list of questions that you may have to answer while listing your vacation rentals on Airbnb. 
  • While filling out the details, you also have to specify if your property is a home, hotel or shared accommodation.
  • Your property location and its verification on the map are also a part of the process.
  • If your offered rental space has facilities like a swimming pool, gym, and laundry area, among other things, don’t forget to mention them.
  • Put up a few good photos of your vacation property. While taking photos, focus on bedrooms, bathrooms, outdoor space, and other prominent features.

Sell Handicrafts

handicraft business

If you have carving, beading or calligraphy skills, you can earn money from them by selling your handicrafts. Handicrafts of Pakistan are famous all around the world. To start your handicraft business, you don’t have to set up a shop or something like that. Instead, you can simply start from an e-commerce platform.

How to Sell Handicrafts Online in Pakistan

  • Start by listing your products on online marketplaces like OLX and Facebook.
  • Keeping in view the response of your customers, you can also set up an e-commerce website.
  • You can also list your products on Amazon for international exposure.
  • Upload high-quality photos to highlight your products in front of your potential customers.
  • If you are selling a variety of products, divide them in categories.
  • Come up with a unique brand name for your online setup.

Babysitting Services

If you can take good care of infants, toddlers and young children, you can start offering babysitting services. You need to spread the word about the services you offer among your contacts or social circle. 

While taking care of the little ones, you can also offer them tutoring services and charge for them separately. It would be a good side hustle, especially for students to take care of their basic expenses. Nannies and babysitters in Pakistan usually earn around PKR 35,000 a month on average.

Yoga classes

Woman meditating during yoga class

People who are good at self-care, self-regulation and meditation skills can easily start offering yoga classes. It is among the most popular low-investment business ideas in Pakistan for students and young professionals alike.

You don’t have to quit your day job to offer yoga classes. Instead, you can set your schedule in the after-hours or early in the morning. Don’t have a budget to set up a studio? Fret not. You can easily start your wellness venture online on YouTube, Facebook or any other free online broadcasting media.

How to Start Yoga Classes

  • Yoga classes can be offered in a spare room, terrace or any other outdoor space in your home. 
  • If you are short on space, you can simply offer your classes online.
  • Tell your family, friends and other people in your community about your new wellness venture.
  • Use different social media platforms and groups to spread the word.
  • Make sure to offer demo classes to let people know about the benefits of signing up for your services.
  • Having an online audience means you can easily expand your reach to an international audience.

Virtual Event Planner

If you have good organisation, networking and management skills, you can utilise them in event management. Yes, event management can now also be done virtually, thanks in part to advanced technology. 

After the Covid-19 pandemic, hosting events online has become pretty common around the world. Virtual event planners manage webinars, online conferences, virtual trade shows, podcasts, and other similar events. Successful virtual event management can let you earn up to $1,000 a week.

Become a Real Estate Agent

Become a real estate agent

Becoming a real estate agent is also a lucrative business idea in Pakistan with small investment. You can either set up an agency or offer your services individually. However, the best way to multiply your income as a real estate agent in Pakistan is by becoming a Zameen Affiliate.

By marketing high-end projects, you’ll get a chance to diversify your portfolio. Associated with Pakistan’s No.1 property website, Zameen Affiliates have the opportunity to represent top-notch investment opportunities. Currently, 34,000+ affiliates around the world are using the Propforce website and application and are earning hefty commissions.

How to Become a Real Estate Agent in Pakistan

  • Depending on your scope and planning, you can either open an agency or become an independent real estate agent.
  • Sign up for the Zameen Affiliate Programme to reach a wider audience as an agent.
  • You can easily visit the Propforce website or download the app to get started.
  • Zameen Affiliates’ earnings are based on commissions that may vary from project to project.
  • On the basis of the frequency of work, real estate agents can more than PKR 100,000 a month.

Local Grocery Store

Setting up a local grocery store is also among the most popular cheap business ideas in Pakistan. You need to have basic accountancy and public dealing skills to manage a shop. You can either buy a shop or look for a rental space for your business.

If you are going for a larger setup, look for a location with high foot traffic. You can also offer your products on online marketplaces. It will allow you to have more than one stream of revenue for your business. Also, try to offer free delivery on large orders to facilitate your customers.

Retail Kiosk at a Shopping Mall

mall kiosk

Want to start a retail setup on a small scale but looking for high exposure? Consider setting up a kiosk in a shopping mall or a commercial centre. Such places have a high footfall usually all year round. Investing in a kiosk or a cart is usually cheaper than buying or renting an entire retail outlet. You can start selling anything you want or have expertise in. For example, handicrafts, antique items, clothing items, mobile accessories, etc. 

How to Set Up a Mall Kiosk

  • The very first step is about deciding what to sell.
  • Locate a mall where you can set up your kiosk
  • The next step is to pitch your business idea to the mall management.
  • It would be a wise idea to start small and expand once you start getting a good response.
  • Come up with a brand identity and market your business online.

Logistics Company 

Long gone are the days when you have to put in a heavy investment to start your own logistics company. With the presence of the latest technology, you can start your shipment business with limited resources.

There are many e-commerce ventures these days that rely on delivery services to keep their operations running. You can reach out to them and tell them about your business. Make sure to offer special discounts and promotions when starting your business.

How to Set Up a Logistics Business in Pakistan

  • For setting up a logistics company, you need to get a dedicated contact number, probably with a PABX system.
  • Create a website and a mobile application to facilitate your customers.
  • It would be ideal for your website and mobile app to have a shipment tracking mechanism.
  • Get in touch with an insurance company to offer insured services to customers.
  • Hire a fleet of experienced drivers/riders.
  • You can manage your operations remotely but having an office would be a plus.
  • Having a physical presence would also increase the credibility of your logistics company.

Website and App Development

The scope of website and app development is increasing day by day. In fact, it has become one of the most thriving business ideas in Pakistan. Many tech enthusiasts are earning well by offering these services on-site or remotely. 

Learning such skills is not easy because the competition is high. However, if you have a passion to learn and improve, you could get a hang of things with time. For people having the right skills and experience, the field is very lucrative. A running website and app development business can earn thousands of dollars a month.

There you have it — our comprehensive guide on 39 low-cost business ideas in Pakistan.

For more informative lifestyle and property pieces, stay tuned to Zameen Blog. If you have any queries or feedback, reach out to us at [email protected] .

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22 Best Business Ideas for Aspiring Entrepreneurs [2024]

  • Around India with MoneyTap 1
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  • MoneyTap 50
  • MoneyTap in Daily Life 38
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  • Wedding Loan 1

Are you dissatisfied with your substantial paycheck and the confines of a 9 to 5 job? Do you dream of your own business and establishing a thriving business? Yet, you might be grappling with uncertainties about the most lucrative business ideas in India today that don’t demand significant initial investments.

It’s a misconception that a substantial sum of money is requisite for initiating and successfully managing a business . Take a glance at globally renowned companies such as Facebook, Apple, and Subway, to name a few. They all commenced their journeys with modest financial resources!

Furthermore, financial constraints should be the least of your worries in contemporary India. The market offers numerous loan providers and credit options, catering to personal loans tailored for aspiring entrepreneurs.

22 Best Business Ideas

Here is the list of the best 21 best business ideas that don’t cost you an arm and a leg.

Interior Design and Decoration

This one is for the creative souls! The interior design market of India is booming like crazy. Fancy interiors are not only for the rich people anymore. Indian middle class and higher middle class now aspire for modular kitchens, smart furniture, innovative colour scheme, aesthetic decorative items, and lighting.

As a result, independent designers and small business firms have a lot of scopes to make money through interior design.

Check out our guide on “ How to Start Interior Design Business “ .

Pharmaceutical Businesses

Did you know that India is the world’s largest exporter of generic drugs? The Indian pharmaceutical market has the reputation of being an ever-growing market that is constantly innovating. The Pharma sector was not affected by the economic slowdown due to the pandemic. Another reason for the pharmaceutical business to be one of the most profitable business ideas in India is that you can enter in more than one way in this sector. It needs the workforce for manufacturing, research, engineering, and procuring raw materials.

Organic Farming

Indian people are increasingly becoming aware of the chemical used in pesticides and preservatives. Therefore the concept of organic farming is gaining popularity. People search for affordable and organically grown fruits, vegetables, and other food items. If you or anyone in your family has agricultural land, you can enter this business in the capacity of a farmer or cultivator of crops. Or else you can become a distributor of organically grown food products.

Labour Contractor

Several projects are going on in India at any point in time. In this scenario, there will always be a constant need for workers. And a majority of workers on sites are contract workers. It’s one of those successful business ideas in India which require nil to a minimum investment. However, you need to make good contacts and learn about labour laws as you’ll be directly working with people.

Cloud Kitchen

Cloud kitchen refers to the shared kitchen space between multiple restaurants. Providing the facility of cloud kitchen is one of the most successful business ideas in India with low investment. All you need is a functional cooking space in a commercial place. Cloud kitchens play vital roles in facilitating online food orders at low costs. Therefore, India is expected to see a rise in cloud kitchens in 2024.

Check out our guide on “ How to Start Cloud Kitchen “.

Fashion Accessories

It’s an evergreen business. Scrunchies, phone cases, jewellery, watches, and wallets, so many products can bring revenue to this business. Girls were always in love with new and designer fashion accessories. With the invention of men purse and other male-oriented designer accessories, this industry has also caught the attention of alpha males. You only need a little creative sense and a reliable source of beautiful and futuristic fashion accessories to rule the market.

Photography

Earlier photography was in demand for special occasions only. Nowadays, product photography, seminars, pre-wedding shoots, etc., have widened photographers’ scope of work. People want to present their products or occasion in the best possible manner. Therefore a photographer needs a good camera, lens, and other photography equipment like a tripod as a basic investment. You can always get a personal loan for business if you find them expensive.

Check out our guide on “ How to Start Photography Business “.

Exclusive Plant Nurseries

Gardening is a much-loved hobby of many people. Even people with small homes manage limited space for gardening. Plants are also widely used as home decorations and natural air purifiers. And with increasing awareness, everyone considers plantation as their responsibility and contribution towards reducing global warming.You will find at least some plants in every home. Therefore plant nurseries are in demand in both small and big towns.

Housekeeping Services for Hotels

Apart from the existing number of hotels, various experts predicted more demand for hotel rooms in India. In this scenario, one service that the hotel industry will need in bulk is housekeeping services. Housekeeping is essential to keep hotel rooms sparkling clean to attract more customers. It is a necessary requirement for their business to flourish. You need good communication skills and contacts to enter and succeed in this business.

Property Management

The property management business is flourishing, with people getting busier and busier these days to manage their properties. You need an office, sales and marketing skills, communication skills, and knowledge of property laws and paperwork.What makes it among the best profitable business in India is it pays you good money for only taking care of the property documentation of your clients.

Event Management

Whether it’s a wedding, baby shower, product launch, or a store opening, we Indians love to celebrate everything on a grand scale. Hosts don’t have the time to do everything with such big celebrations. Here comes the role of an event planners. They are rarely out of business. You need some people’s skills, an office as your base, some workforce, and contacts within the vendors’ circle to run an event planning business successfully.

Check out our guide on “ How to Start Event Management Business “ .

Pre-recruitment Assessment

India’s giant companies often do mass recruitment, so they don’t have time to scrutinise every profile. But this does not mean that they don’t want to hire the best. You can help these big companies in their pre-recruitment assessment.

Your job is to craft tests to evaluate a candidate’s calibre for the job. It’s one less task for their overworked HR and a good source of income for you.

Scrap Collection

Scrap collection in India is not as organised as in the western world. But it’s still a million-dollar industry. Rag pickers, known as “kabaris” in the local language, will bring the scrap to you.

Afterwards, you need to separate different materials and sell them to a dealer or directly to a manufacturing facility. Know the market price of various metals, and you can earn a good margin in buying and selling the scrap.

Website Designing

Website designing is a requirement of every company today and ranks amongst the best online business ideas. Their customers, aspiring candidates, and vendors all check their websites. So there’s a lot of work to do in this sector. No wonder it’s considered as one of the most profitable businesses in India with low investment.

With website designing, blogging, and digital marketing are also gaining pace in becoming the most in-demand services. You need a laptop, software, technical skills, and creativity.

Online Ads Service

The boom in the IT sector also made online ads services as one of the most profitable businesses in India. You can secure a good deal with website owners for your clients. You need contacts of the website owners and the business sector to make clients.

Good media management skills are the prerequisite for this business to succeed. You can do online courses if you don’t have in-depth knowledge.

Co-working Spaces

If you have a bigger office than you need, you can easily convert it into a co-working space. This is one of the zero investment and most profitable businesses in India right now. Many companies and professionals don’t require more than a work desk to operate.

These people can benefit from you renting your space to them. And your extra space gets utilised. Isn’t it a win-win!

In the ever-evolving world of fashion, the boutique business stands as a beacon of style and individuality. With an increasing appetite for unique and curated fashion experiences, opening a boutique is not just a venture; it’s a sartorial odyssey. Immerse yourself in the world of trends, connect with local designers, and bring forth a haven where fashion enthusiasts find their signature style.

Check out our guide on “ How to Start a Boutique Business “.

Serving up more than just meals, a food truck business is a movable feast of flavors and creativity. Embracing the culinary scene on wheels, this business idea is all about mobility and taste bud adventures. From street corners to local events, offering delicious bites that excites taste buds and creating a community of food lovers on the move, food truck business is one of the most sought after business ideas.

Pet Business

In the heartwarming world of petcare, creating a business goes beyond the ordinary—it’s a commitment to the well-being and joy of our furry companions. Whether it’s grooming services, pet sitting, or crafting specialized treats, the petcare business is a celebration of the unconditional love that pets bring into our lives. Build a haven where tails wag, purrs resound, and pet owners find a trusted partner in their furry friend’s happiness.

Consulting Business

Venturing into the consulting business is akin to becoming a guiding light in the corporate landscape. Armed with expertise and insights, a consultant navigates the intricate pathways of business challenges, offering solutions that transcend the ordinary. It’s not just a profession; it’s a strategic partnership where success is measured by the impact of tailored advice and the growth it fosters.

Personal Training

In the dynamic world of fitness, a personal training business is a journey of transformation, both for the body and the spirit. It’s about sculpting more than muscles—it’s about sculpting lives. As a personal trainer, you become a motivator, a coach, and a beacon of health. Customize workouts, instill discipline, and lead a fitness journey where each client’s success reflects your expertise and commitment.

Car Detailing

Car detailing is more than a lucrative business idea—it’s an art. Picture vehicles turning into stunning masterpieces. It’s a precise, passionate symphony of shine. Imagine diving into a world of spotless exteriors and interiors, treating each car like a canvas. From careful hand washes to fixing paint imperfections, it’s all about embracing the beauty of cars. Create a space where cars don’t just get clean but transform into reflections of automotive elegance. Your detailing skills? They’re the brushstrokes turning every ride into a rolling masterpiece.

Hopefully, one of these business ideas will click with you and become a turning point in your life.

Shiv Nanda is a financial analyst at MoneyTap who loves to write on various financial topics online. He also advises people on financial planning, investment choices and budgeting skills, and helps them make their financial lives better.

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best business ideas with 5 crore investment

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StartupTalky

Top 87 Best Low Investment Business Ideas With High Profits

Shubham Kumar

Shubham Kumar , Akash Kushwaha

An entrepreneur aspires to business ideas with low investments that are capable of churning massive revenue. He or she searches for every possible way to have the business run smoothly and increase revenue, i.e., profitability is the end goal.

The young and dynamic individuals of today want to start their own ventures rather than work for someone else. They look for small-scale opportunities with a huge turnover. ‘Return on Investment’ or ROI has become a predominant factor in setting up any kind of business. It’s a weighing scale that ultimately decides whether to go ahead or not.

A common misconception is that earning huge profits requires serious investment in the form of money, labor, equipment, etc. It's definitely not the case if one is aware of the plethora of business ideas that can be started with minimum investment .

Discussed below are some of the most profitable small investment businesses in India. They are not heavy on your pocket and can yield great returns with time.

1. Wedding Planner 2. Technical Freelancer 3. Gym or Fitness Center 4. Yoga and Meditation Center 5. Mechanical / Electrical Works 6. ECommerce Websites 7. Blogging 8. Online Surveys and Captcha Solving 9. Domain Trading 10. Selling Photos 11. E-book Publishing 12. Podcasts 13. Stock Trading 14. Influencer 15. Mobile Food Service 16. Recruitment Services 17. Event Organizer 18. Social Media Services 19. Interior Designer 20. Grocery Store 21. Coaching Class 22. Mobile Shop 23. Translation Services 24. Mobile / Computer Repairing 25. Driving School 26. Car Parking 27. Public Speaking Lessons 28. Dance Classes 29. Baby Sitter 30. Courier Company 31. Consultancy 32. Digital Marketing Consultancy 33. Dietary Consultancy 34. Packers and Movers 35. Ice Cream Parlour 36. Content Writing and Copy Writing 37. Freelancer 38. Book Store 39. Computer Trainer 40. Online Store 41. Travel Agency 42. Security & Spy Agency 43. Data Entry 44. Resume Writer 45. DJ Services 46. Music Classes 47. Laundry 48. Web Designing 49. Affiliate Marketing 50. Xerox Book Binding 51. Real Estate Agent 52. YouTube Channel 53. Cooking Classes 54. Business Broker 55. Fast Food Restaurant 56. Pharmacy 57. Beauty Parlour / Fashion Boutique 58. Gardening Business 59. Clean and Green Services 60. Jewelry Designing 61. Bouquet and Greeting Card Making 62. Accounting and Tax Preparation 63. Tatto Studio 64. Insurance Agent 65. Pet Caretaker 66. Dropshipping 67. Bakery 68. Hand-made Chocolates 69. Honey Manufacturer 70. Food/Tiffin Service 71. Children's Play/Adventure Area 72. Baby Crèche 73. Custom Gift Store 74. Antique Shop 75. Organic Farming 76. MLM Network Marketing 77. Marriage Bureau/Matchmaking 78. Organic Candle/Soap Making 79. Career Counselling 80. Aquarium Store 81. Photo Studio 82. Professional Reviewer 83. Low-Cost Franchise 84. Mystery Shopper/Customer Survey 85. Stockbroker/Mutual Funds Agent 86. Virtual Assistant Service 87. Tourist Guide

1. Wedding Planner

Investment required: inr 20,000 to inr 50,000.

According to the KPMG report titled " Market Study of Online Matrimony and Marriage Services in India "- the Indian Matrimony business is a highly unorganized industry in India valued at ₹3.68 trillion . Despite having such an unorganized sector, it is 4th largest industry in India.

Steps to start a Wedding Planner Business

Weddings constitute a big industry in India. The "big fat Indian wedding" never goes out. To become a wedding planner, you need to have amazing networking skills, creativity, and spontaneous decision-making ability. Initial projects may not pay you much but with time, you will grow by leaps and bounds.  

2. Technical Freelancer

Investment required: inr 0.

If you have logical thinking, analytical skills, and knowledge of any programming language you can try out technical freelancing . For example, if you know how to create and beautify websites, promote your website development services on platforms like Fiverr and Freelancer .

What kind of investment will you need? Perhaps paying for online courses and certifications to improve your credibility and knowledge. And with a plethora of resources available for free on the internet, you can get started with technical freelancing through zero investment .

3. Gym or Fitness Center

Investment required: inr 5 lakh to inr 10 lakh.

We live in a world where we often forget to take care of our bodies resulting in worse physical conditions. To avoid such conditions we prefer going to gyms or fitness centers. Starting a gym with a minimum number of the necessary equipment in a good place will definitely turn out to be a profitable business idea.

According to Statista.com, The health and fitness market worldwide is expected to grow at a rate of 7.67% annually between 2023 and 2030. It means in 2030, the market size of health and fitness will be 169.7 billion USD approximately.

4. Yoga and Meditation Center

Investment required: inr 5 lakh to inr 30 lakh.

With that busy schedule, hectic life, and a lot of work stress nobody can live a healthy life. Your Yoga and meditation center will help people to fight all these never-ending problems.

According to future market insights, the Yoga and meditation market is expected to grow to US$ 20,532.44 Million by 2032 .

Apart from that, it is also a very profitable business idea. The investment will just be a good place and some workers (optional). You can also hire a trainer if you don’t have knowledge of Yoga and meditation.

best business ideas with 5 crore investment

5. Mechanical / Electrical Works

Investment required: inr 15 lakh to inr 50 lakh.

The development of present-generation technologies requires many mechanical and electrical goods. Therefore, the establishment of a garage for servicing vehicles or the sale of any electrical goods finds profit in present times. Although, the business involves some amount of investment yet the profit accrued is always higher.

6. ECommerce Websites

Investment required: inr 1 lakh to inr 10 lakh.

Online shopping is the new era trend. It is the easiest way of shopping and getting the best product from thousands of options. All you need is a website and the products you want to sell, it can be anything like jewelry, shoes, or even everyday household items.

best business ideas with 5 crore investment

7. Blogging

Investment required: inr 10,000 to inr 15,000.

Blogging is one of the best business ideas with low investment that can give you a high profit. Your investment is only in the form of the ability in writing a blog , an Internet connection, and a laptop or PC. It’s very simple but it can deliver high profits.

If the blog you create ranks first on Google , then the blogger can be paid by Google. This is really beneficial and easy to start. Moreover, blogging is being done by many people and they are earning filthy money without any investment too.

8. Online Surveys and Captcha Solving

Investment required: na.

An earning mechanism not at all painstaking, completing surveys, and solving captchas can generate revenue while staying at home. The skills required basic English knowledge, knowledge about numbers, and the internet. The earnings may seem small, but when accrued, the time and efforts show the results. It’s important to know that scammers are widespread in this domain.

So, do careful research before signing up for some survey companies to avoid indulging in illegitimate ones. Also, if the company is asking for registration fees then that's your cue to know it's a fraud site. You can also Google "scam" after mentioning the website name and you will get all the information needed.

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9. Domain Trading

Did you know that selling .com and other web domains is a lucrative field? But expertise and initial investment are required before stepping into the shoes of a domain trader. The job revolves around identifying domains that hold potential, waiting for the right opportunity, and then selling it to interested parties, usually companies and organizations. Here you have to be creative and also have to research a lot.

You need to search for the brands which you think are going to be popular after one or two years, then buy a domain name by the name of the brand. When the brand becomes famous, they have to buy the domain name from you at a price you decide, and that's how you will make money.

You can purchase domain names from GoDaddy , Namecheap, or any other website.

best business ideas with 5 crore investment

10. Selling Photos

Investment required: inr 10,000 to inr 50,000.

Coming across pictures with bookmarks such as Photobucket and ShutterStock holds significance for a reason—high-quality images can be sold online for a great price.

You have to submit photos to such sites and when people purchase the same from these platforms, you will get paid as per the price set. You can start this business without any major investment.

If the camera quality of your smartphone is good then you are all set to go. But you have to make sure that you are uploading high-quality pictures. Otherwise, you will not be able to make money by selling photos online as those pictures will be used on a website and other online platforms.

11. E-book Publishing

E-books and PDFs can generate cash if they have the substance and ingenuity to stand out. Amateur and experienced authors can use online publishing not only to showcase their talent but also to earn money through sales.

If you are an amateur then you can use Kindle direct publishing to start your fiction and can promote it online. Many authors are making a lot of money simply by selling their books online. You can publish your e-books without any investment.

12. Podcasts

Investment required: inr 50,000 to inr 1 lakh.

Audio and video sessions constitute podcasting, though it’s generally audio files that make up the majority. Podcasts are digital files that subscribed users can download or listen to online.

You can start your Podcasts just by using your smartphone and earphones. But before starting your Podcast channel make sure that you have something that can give value to the people.

You can earn money by including advertisements either at the beginning, middle, or end of the session. Audiobooks are another form of Podcast. People like to listen to audiobooks more than read a book. You can create a website where you can sell your audiobooks that way you can earn a huge amount of money both from the website traffic and also by selling the audiobooks.

best business ideas with 5 crore investment

13. Stock Trading

Investment required: inr 1000.

Stock Trading is a great option to earn a huge amount of money. You can start Stock Trading with low investment and make that money work for you. But before you start Stock Trading, gather knowledge about the share market as much as possible. Then only you will be able to make money by trading stocks.

This is a high-risk, high gamble field and requires experience, acumen, and luck. There are millions of success stories as well as disheartening ones. Go for trading only when you can bear the brunt of falling on your face. This also requires some skills to earn a good amount of income.

14. Influencer

If you have a massive number of followers on social media and they are dedicated to your posts, then you can start promoting products from various companies and can get paid for the promotions.

Influencer Economy Market Size (2016-2022)

If you can generate more sales for the company, there are chances that you can turn out as their brand ambassador. People are getting heavily paid for it. Also, if you are a good model cum influencer , you can catch the eye of modeling companies and get a kick start to your career.

15. Mobile Food Service

Either you contact some restaurant or cook yourself. All you need is a delivery boy or more (depending on the demand) and vehicles. Give the service on time and most importantly serve tasty food.

Business ideas with low investment and high profits

16. Recruitment Services

You can start your own firm for providing recruitment services to other companies. Contact companies and find people who need jobs. You will just have to connect them both.

17. Event Organizer

Investment required: inr 50,000 to inr 5 lakhs.

Starting a small company which organizes events could be a good idea but this may need special ability and workers for the same. The most important skills for this business are your personality and event management skills.

Just like wedding planning, it requires a large amount of hard work to acquire the first clients in an event management business and the scale is dependent on the value that is added to the initial set of clients, as word-of-mouth is a huge source of publicity in both businesses. However, event management can grow faster as it caters to a larger audience , whereas wedding planning deals with a niche vertical. From birthday parties to client meetings in corporate companies are all handled by professional event managers.

In fact, many event planners start their businesses working from home. This can be a great model for setting up an event planning business as it keeps overhead costs down in those critical early stages of business and can maximize productivity.

18. Social Media Services

Social media services business includes services like Ghostwriting for businesses, posting on blogs, Facebook, LinkedIn, and Twitter accounts & Facebook pages. Overall you need to take care of a brand's social media presence.

19. Interior Designer

There is a significant amount of people belonging to the creamy layer of wealth in our country. And they are willing to spend heavily on expensive mansions, full facilities, and the luxury to express their level. And hence the furniture is one of the most valued products in an interior.

The amount spent on these luxury interiors is high and therefore the level of expectation is also high. The style, design, and quality of the interior elements which make up the value of the product are the factors that every decoration storekeeper should prioritize the focus on.

An Interior design business could be the best deal with low investment but this may need special skills. This kind of business is very suitable for someone familiar with and passionate about interior design. An interior designer has a creative side for art and aesthetics and gets paid for providing the same to their clients. Therefore it must be of good taste and match that of the potential customer.

If you deal with unique, fancy, and stylish furniture and can target the right people then the profit margins in this business are very high. You can also do only design work from home .

20. Grocery Store

Investment required: inr 10 lakhs - inr 20 lakhs.

Grocery is the most needful business for the selling of different goods that humans need daily. This is a profitable and no-loss business, as grocery is the daily basic need for all humans. Just invest a small amount of capital to buy some inventory from a seller and sell it in the market. You can purchase every product sold. You can start from a small grocery shop and gradually expand as per need.

21. Coaching Class

Investment required: inr 10 lakhs - inr 50 lakhs.

The business of education will never stop. Nowadays due to fierce competition, students preparing for competitive exams need some guidance for the preparation so they join coaching centers. These coaching centers are evergreen low investment businesses with higher profits which help in spreading knowledge and train students to become adept in clearing competitive examinations.

However, you just have to make sure you have an in-depth knowledge of the subject and explain the topic well to the students. Not only do you need to teach Maths or science, but if you are a professional in sports you can start acting as a professional sports coach. Looking at its popularity, coaching is one of the best low-investment businesses in India.

22. Mobile Shop

Investment required: inr 1 lakh - inr 5 lakh.

Starting a small mobile shop is a profitable business idea. With an increasing number of mobile phone users, a well-stocked mobile store in a good locality has a high probability of turning profitable.

23. Translation Services

You need specialization in one or two languages you speak fluently or to hire other translators who know multiple languages, for this business.

24. Mobile / Computer Repairing

Technology is an inevitable component in today’s time. It is now a necessity and not a luxury. Learning how to repair devices such as laptops and computers is a one-time investment. Take the necessary diploma/education and get your hands dirty.

Every vendor selling mobiles and PCs has a small space in the corner of his store that is for the repair guy. No, you’re not being asked to go and sit there but you can do the same and start this business at home with a small investment.

25. Driving School

Investment required: inr 10 lakhs - inr 15 lakhs.

To start a driving business , you need some cars and a good team of drivers who can teach driving. Or you can just contact your friends, neighbors, etc. if they want to learn to drive. Some people even bring their own car and ask people to teach them to drive. Thus driving school makes for a great high-profit business. You can start your own driving school business today with low capital and earn high profits.

26. Car Parking

Investment required: inr 50 lakhs - inr 90 lakhs.

Having a huge space for providing safe and secure car parking will be the best deal. Investments required will be in hiring security guards, installing security cameras, and organizing the parking area properly.

27. Public Speaking Lessons

Stage fright is a fear that strikes a chord with every individual. Some are born with the inherent ability to converse with confidence but some of us are devoid of this skill in childhood. If you’ve got the knack of speaking in front of a large audience with clarity and elegance that makes people jealous, then this attribute of yours can help rake in some moolah while improving the lives of others.

28. Dance Classes

Investment required: inr 10 lakhs to 25 lakhs.

If you are very good at dance, then you can think of starting a dance academy which is a very good business idea with a minimum budget. Many parents look for a good dance class for their children. Related to the earlier business, music, and dance classes are immensely popular. There is no dearth of the genre to choose from. All you need is a room in case of dance lessons. Businesses of these kinds gain traction as time passes. So, perseverance is of utmost importance.

29. Baby Sitter

Investment required: inr 30,000.

If you start a business baby keeping in the metro city you will surely see success very soon. Most of the people in the metro cities of India are very busy. So, people will definitely buy your services.

30. Courier Company

Many people today look for better shipping costs and timely delivery. If you think you can run and manage a courier company then this business is for you.

best business ideas with 5 crore investment

31. Consultancy

Investment required: inr 5 lakhs to inr 10 lakhs.

The consultancy firm includes agents who help people in getting things done. A consultancy works to reduce people’s workload and involves zero investment with higher profits. The best example of a consultancy service is TATA in India.

Legal, financial technical the plethora of fields means it’s best to generalize this broad category for this category of business. Experience and success in your niche dictate the profitability you’re going to enjoy.

best business ideas with 5 crore investment

32. Digital Marketing Consultancy

Investment required: inr 5 lakhs to inr 20 lakhs.

With more and more people coming online for the first time who wants to rank number on Google, Digital marketing consultancy is at an all-time high. With a good knowledge of Search Engine Optimization or social media, you can easily set up a digital marketing consultancy firm and help the business grow in the minimum time required.

33. Dietary Consultancy

With more and more people trying to fit in and be smart than ever in India, dietary consulting has become a very important service. If you can learn food dietary and nutrition you can make good money with low investment.

best business ideas with 5 crore investment

34. Packers and Movers

Investment required: inr 10 lakhs to inr 50 lakhs.

It is a low investment high-profit business idea with the largest amount of clients coming from central government services and public limited companies. If scaled, you can convert your small business into a big logistics company .

35. Ice Cream Parlour

Investment required: inr 50 lakhs.

Starting an ice cream parlor is another good business idea, to begin with.

36. Content Writing and Copy Writing

Websites ought to have content to obtain much-needed traffic (yeah, there are exceptions). Anyone with a flair for writing great content can generate a secondary source of income by delivering articles, columns, and whatnot for websites .

The magnitude of clients and amount earned per write-up may be less initially but once the flow sets in, the sky is the limit. Sound knowledge of the language and its intricacies is the primary requirement. And this has to be complemented by innovation and inventiveness.

Also, you can apply for content writing jobs from various job application sites and can work for companies. Internshala provides a lot of such jobs of content writing, that too work from home.

With the increasing number of websites, the need for content writers is also increasing day by day. In India, the pay of a content writer is too low but if you think that the quality of your content is best. You can start content writing for international companies and can make a career as a content writer.

best business ideas with 5 crore investment

37. Freelancer

When you have a skill, why let it go to waste? Can you create amazing websites? Teach your native language like a pro? Write catchy and interesting articles. If you have any kind of talent, start freelancing to earn money online without any investment.

Freelancing refers to an individual who is self-employed and working solely based on the fees given. If you are a freelancer, then you don't have to be particularly associated with an individual company and you can work with various companies , allowing yourself to get more exposure.

Websites such as Upwork, Fiverr, and LinkedIn are where this talent can earn some being. If you are not interested in such websites, you can create your own website or can create your social media profile to promote your freelancing skills to attract customers.

The biggest obstacle has to be presenting a testament to one’s knowledge because the platforms ask for concrete evidence to demonstrate one’s proficiency in the niche field chosen for freelancing. You have to build a portfolio before you start your freelancing journey. Now the competition is too tough but if you have a strong portfolio you can win the race.

best business ideas with 5 crore investment

38. Book Store

Book lovers always buy multiple books, thus, making the idea of a starting bookstore attractive.

39. Computer Trainer

If you are good at providing computer training this could be a good business idea to educate about computer operation which is a must in today’s world.

40. Online Store

Investment required: inr 10 lakhs to inr 30 lakhs.

Many people prefer to shop in online stores. This is because they do not have to bother to come to the store to buy something. Simply by using their mobile, they can buy the products they want and the product will reach their home immediately.

It can become an opportunity for you to do business in the field of online stores. You do not need to invest by buying products, just by selling other people's products. Thus, you can earn high profits.

best business ideas with 5 crore investment

41. Travel Agency

The travel agency is a link between the traveler or tourist and the principal suppliers such as tour packages, hotels, airlines, etc. The tourism industry is one of the fastest-growing industries in our country. The tourist attraction points bring more and more people exploring these places while taking vacations and traveling.

With the spin of globalization across the world, it is easier to travel around countries now. It is more accessible and requires less time to roam any country – and the same is the case with India. It is a great time to start a travel agency since there is such a huge client base to cater to.

42. Security & Spy Agency

With growing security needs you can start your own security agency another good option is to work as a spy.

43. Data Entry

Many companies today earn money by doing data entry work, so you may start providing services like this.

44. Resume Writer

If you are good at designing a resume and have a deep knowledge of the subject you can become a resume writer.

45. DJ Services

Disk jockey service is a part-time innovative business idea. People look for DJs on multiple occasions. If you are very good at music you can rock this business

46. Music Classes

Investment required: inr 1 lakhs to inr 1.5 lakhs.

Business in the field of music is very profitable business. You can earn a lot of profit from this business. All you need to capitalize on is expertise in music and having a musical instrument such as a piano or guitar .

If you do not have a building to open music classes, you can open this class in your home. You can take advantage of the empty garage to make a music class so that your students can comfortably learn.

47. Laundry

Laundry is one business that can be started with small capital , that is easy to handle and quickly get into the public market. Many people seek these services in their daily lives. The laundry business a business that is suitable for you because you have enough to capitalize on the washing machine and detergent alone.

There is already a lot of laundry business that has been successful. Do you want to follow their success? If yes then start with this low-investment business idea which could return a high profit.

best business ideas with 5 crore investment

48. Web Designing

Web designing is a good business to start with a low investment. Web designing services are needed now. You just have investments in the form of a laptop or PC and Internet networks. A job as a web designer only includes web designing and content. You can do this job easier when you are equipped with the knowledge, expertise, and experience in this arena.

You can also work at home as a freelance web designer. Because the business of web designing is needed by the people, so many people are looking for it and pay dearly to those who provide these services. This business doesn't involve any investment. Although your skills in web development decide your pay scale for projects you undertake.

best business ideas with 5 crore investment

49. Affiliate Marketing

One business that is most preferred by people today is affiliate marketing . No need for high investment, you can sell other people’s products. Promoting a merchant’s product or services through some link provided (aka affiliate link) is the core of this kind of marketing. The interested individual signs a deal with a merchant like Clickbank, CJ, Flipkart , Amazon , etc. through its affiliate program, and receives a link in return.

The candidate promotes the link on social media and other platforms, and whenever a user clicks on the link, he/she is directed to the merchant’s portal. Any purchase done on the portal through this link is considered a sale done by the affiliate marketer (in this case, you), and the merchant tracks all the sales done by the affiliate marketer.

The number of sales and the transaction amount involved determine the commission. You can start affiliate marketing without any investment. But affiliate marketing needs a strong virtual presence to garner the needed attention and awareness. If you have a small audience and if the audience trusts you then you can sell them anything you want.

50. Xerox Book Binding

Investment required: inr 1 lakh to inr 3 lakh.

Many college and school areas in India, don’t have this facility and this could be a potential business in that area.

51. Real Estate Agent

The cost of land keeps increasing every day and people are unable to find one that satisfies their needs. This is where real estate agents can pitch in as helpers to search for the best deals.

Being a real estate agent or broker is extremely beneficial. You can put up tariffs to find a potential buyer or look for real estate required by prospective. It takes just communication tools and proficiency in speaking to please customers and make money.

best business ideas with 5 crore investment

52. YouTube Channel

Everyone knows about YouTube . Many famous personalities got their fame just because of YouTube. All you need to do is start a YouTube channel, create your videos, and publish them. The more often you upload the more viewers you get and the more you earn from online advertisements.

Make-up tutorials, fashion tips, and tricks, educational content, enticing videos, comedy vlogs, inspirational videos, etc. dominate the scene on YouTube. However, for YouTube's popularity, you should have patience and cleverness along with talent. Then, maybe you can be the next name on the list of famous YouTubers.

53. Cooking Classes

Whether you are a housewife or a cooking maniac, you can easily start it in your own kitchen with all your favorite recipes. Investing a lot is not necessary. Just start your cooking class, get the groceries, advertise a bit, and start earning.

54. Business Broker

This is the term where there is no initial investment. Just like Quikr and eBay do get the people who want to sell their used products and connect them to those who want to buy those used products. Get the commission when the deal is exchanged.

55. Fast Food Restaurants

The food service industry in India was projected to grow at over 15% of CAGR (Compound Annual Growth Rate) between 2014 and 2020 according to the India Food Report released in January 2016.

Offering food and beverages by starting up a restaurant is probably the best business idea that is sure to create maximum value and profits, however, it is also very competitive. There are many cases of failed restaurants or fast-food joints.

You need to select the right location, it should be preferred to be situated in a crowd-friendly area where a constant flow of customers is present. You also need to consider what type of customers you want to attract – the niche. And depending upon that you should alter your style of serving food, and offering services, and building up the interior thereafter.

Quality too plays an important role in the restaurant business. In today's busy world where working people, students eat most of the time out looking for quality food. You need to maintain the quality of the food. Online food delivery is also very trending and feasible nowadays.

Grab a place, get a cook (or cook yourself), get a name, cook delicious food, and start earning. This is the only business where you start earning from the very first day and if customers like your food you can easily be a successful business owner.

56. Pharmacy

Investment required: inr 15 lakhs to inr 20 lakhs.

India is known for providing low-cost generic drugs to foreign countries, which has grown and matured more with the rising development of technology and product research. India is now gaining one of the top spots in health tourism, as people from Western countries find the best health services matching international standards at more affordable rates.

Today India is the largest exporter of generic drugs in the world , and it is also the fastest-growing and very competitive. India also has patents for pharmaceutical inventions that are in huge demand. And it can be a very profitable and lucrative business in India. The amount of doctors our country generates is very high and keeps on increasing day by day.

Earlier the doctor’s clinic and pharmacy used to be at distance from them, nowadays they have started attaching both and it is turning out to be very profitable for them.

Although there is a huge investment in the initial stage, the profit after some amount of time is also huge. The medical shop earns huge revenue because most patients visit the doctor in the clinic and purchase the medicines from the shop itself.

57. Beauty Parlour / Fashion Boutique

Investment required: inr 15 lakhs.

People, especially women, are very conscious about their appearances. And the beauty industry caters to them. It includes beauty treatments of all sorts but much of the need is for basic hygiene. Beauty parlors do well if they are situated at the right place where the customer visits are often high and provide the services at an economical value. The fashion industry is thriving and is never out of business.

With new trends in Bollywood and around the globe - the brands of clothing, footwear, and accessories are always getting their inspiration from them and they are demanded by a huge base of customers. They sell at a very fast rate too. Opening up a boutique is therefore very opportunistic and can get you a lot of returns if operated efficiently. They both are therefore very profitable businesses to enter in, especially for aspiring women who want to contribute to the income of their households.

58. Gardening Business

Investment required: inr 2 lakhs.

The gardening business involves growing plants and mainly these days herbs are becoming tremendously popular. From small shops to the largest warehouses, one can find medicinal herbs, herbal teas, baths, and candles. The herbs can be planted and raised and then further sold to wholesale or retail customers.

The major advantage of this business is that you just need mother mature which is really back to basic stuff, good for the body and the soul and it can be started from the comfort of one’s home as a pastime hobby.

It is good to start small, growing the herbs in a large backyard or renting inexpensive land. The profit margins would be small. One would need a solid working knowledge of growing and nurturing herbs to scale the business. For working on large areas of land, one would need to know the farming techniques in detail.

59. Clean and Green Services

Clean and green services add immense value to the people in families where everyone in the house is employed and doesn’t have time for basic housekeeping. Clean the house, water the plants, etc. So this type of business is catching up fast nowadays in metropolitan cities. This business is less capital-intensive and has great margins in terms of profits.

You will have to start by setting up a team and managing them. Training them is a crucial task as you besides just teaching them the techniques, will have to give them moral lessons too. It will help to create a good image for the company. You will also require good communication skills to constantly manage your employees.

60. Jewelry Designing

Investment required: more than inr 50 lakhs.

Many people enjoy wearing authentic, handmade jewelry. The beauty of handmade jewelry lies in the fact that each and every piece is unique and the person who wears it feel a unique sense of pride and grace by wearing it. Jewelry designing involves the following steps:

  • Learn how to design jewelry.
  • Purchase the tool kit required.
  • Experiment with making various designs of jewelry at home.
  • Reach out to different jewelers to show them your designs. Try to find a jeweler who knows you personally so that they don't steal your idea.

61. Bouquet and Greeting Card Making

No matter what the occasion might be, there is nothing that expresses our emotions better than a bouquet of flowers and a greeting card! There are different styles of bouquets to express our feelings. Whatever the feeling or the occasion, flowers play a prominent role.

Making different types of bouquets and designing cards for various occasions is an art. For people with the right talent and passion for this, this business is very simple and less capital-intensive.

It also reaps great profit margins as it caters to a niche market segment. This business can be interlinked with the wedding planning business and both can be done simultaneously to bring out the best ROI.

62. Accounting and Tax Preparation

If you are good with numbers, accounting, and tax preparation. Having sound knowledge regarding accounting, taxation, etc, you can handle financial records and tax-related issues of businesses and earn a good amount of profit with very less investment. You will need a computer and internet facilities and may need to hire a few people as you scale up.

best business ideas with 5 crore investment

63. Tatto Studio

Getting tattoos done practically anywhere on the visible parts of the body is in trend now. Tattoos are not just imprints for some people, they can be a way of expressing emotions and who they are. If you’re passionate about tattoos and want people to get them done, you can set up a tattoo studio with some basic requirements.

A good locality, with tattoo equipment, a hygienic atmosphere, and a lot of creativity. There! You have your own tattoo studio set up. You can easily save the cost of marketing by putting up your designs and customer reviews on social media platforms.

64. Insurance Agent

In the wake of pandemics, having a medical policy or health insurance has become vital. Insurances are short plans for the future and every individual is bound to have one. Pretty much everything can be insured in today’s times. The insurance umbrella accommodates everything from health, vehicle, shop, renters insurance, and much more.

You can pick your segment of insurance and start your business journey by getting licensed as an insurance agent. You can tie yourself up with an insurance company or apply for a sole proprietorship. Typically, for a sole proprietor, commissions for every policy written can be charged between 12-15% and renewal at 5% to 10%

best business ideas with 5 crore investment

65. Pet Caretaker

This one is probably the best idea to start making quick bucks. Love dogs? Or cats? You just landed an opportunity to cash on it. There are so many busy pet owners who are guilty of leaving their pets at home for long hours while they are away for work or on vacation. Pets can suffer from separation anxiety and can get depressed if not taken care of.

If you really love animals, you can opt for taking care of them while their parents are away. You could start small by providing food, taking them on walks, bathing them, etc., and later opening up a hostel where you accommodate pets in larger numbers.

66. Dropshipping

Dropshipping has become a “go-to” option for many individuals who are planning on starting a small business on their own. Dropshipping is a business model where there are three parties, and you, the drop shipper acts as the third party. You have to find a reliable vendor or supplier preferably a local supplier who also manages inventory and has storage facilities.

The commission or profit margin has to be decided amongst yourselves with a mutual understanding. The drop shipper then markets the product on several platforms and brings orders to the supplier. The supplier handles the rest (packing, logistics, and delivery). Dropshipping is possible from giant e-commerce platforms like Amazon and Flipkart too.

There is always a hyper-local bakery in every locality that takes up the responsibility of providing bread and baked items. Bakeries have become a part of essentials since they provide the most basic ingredients for a basic meal . Also, if you have a knack for baking and you can pull a cake out of the oven without burning it, maybe you could do this for a living. Cakes are a must, be it on any occasion.

People will always find reasons to have cakes. Well, bakeries don’t just serve cakes but other items like bread, biscuits, and baked items too. Having a variety of healthy freshly baked loaves of bread is a sight for sore eyes. The bakery set-up needs an initial investment in a good place, ovens, and raw materials.

68. Hand-made Chocolates

Investment required: inr 50, 000.

Anything handmade gives a personal touch to it, be it gifts or something you can never go wrong with, Chocolates. Handmade chocolates need proficiency and craft to make them sellable . Chocolates have innumerable combinations that can be experimented with in various permutations. You can start by applying your creativity with handmade chocolates as gifts, return gifts at birthday parties, anniversaries, etc.

69. Honey Manufacturer

Investment required: inr 50, 000 to inr 5 lakhs.

Honey is a common item in 80% of Indian households. Its medicinal properties have proven to be beneficial for curing acid reflux, colds, and cough, and as a healthy alternative to sugar.

Considering the amount of its usage in food and medicine, honey is one of the most sought-after ingredients in Indian households. Therefore, beekeeping can be a profitable business when planned well. What’s more, the government of India supports beekeeping businesses by providing loans and subsidies.

To start your own beekeeping business, you will have to obtain the following:

  • Firm registration
  • Trade license
  • FSSAI license
  • GST registration
  • Bureau of Indian Standards (BIS) Certificate

Other than the ones mentioned above, beekeeping will require the following tools

  • Protective Gear (suits, glares, veils)
  • Machinery (honey extractor, uncapping knife, beekeeper suit)

The honey manufacturing business can turn into a fortune if executed well. There is a higher scope for the business as India is one of the main exporters of honey.

70. Food/Tiffin Service

In a fast-paced world, as is ours, people rarely have the time and patience to cook their own meals. Eating out and take-outs are fun until you can’t eat junk food anymore. That’s where tiffin services save your day. Tiffin services are the ones where you are supplied with regular homemade food on a monthly basis .

This business is great to start off with especially if you’re living nearby a corporate area or college or hostel. You can cook basic meals like roti, sabzi, dal, rice and some salad. You can start by supplying tiffins in your neighborhood and slowly market it through social media and word of mouth.

71. Children's Play/Adventure Area

Investment required: inr 5 lakhs to 10 lakhs.

Play/adventure areas are enjoyed by both kids and adults. Play areas and parks are always full as they are fun and stress-busting. To start off with a kid’s play area you could hire a small place and paint it with your creative imagination. Throw in some slides, swings, see-saws, puzzles, and comic books. You could set up Galli cricket and mini football areas.

This business could go as high as you take it as there is no limit to adventure. You could also rent some of the games and books and keep your customers coming back for more.‌‌

72. Baby Crèche

Investment required: inr 1 lakh to inr 5 lakhs.

A lot of women working in corporate offices are on a crèche hunt for their babies. Some offices have taken the initiative to set up cheches in the office premises itself. But that is not the case with most companies.

New moms always find it hard to juggle work and motherhood. If you are someone who enjoys taking care of babies, you could start a baby crèche with a bunch of other women helping you. All you need is a good airy floor, cradles, diapers, and baby food. ‌‌

73. Custom Gift Store

There are numerous stores featuring custom gifts for several occasions by various small artists. If you have a rental shop ready, you could feature custom-made gifts made by you or someone else in your shop. Custom gifts include handmade cards, embroidered items, pictorial gifts, etc. as you scale up you could hire people and have consumers customize their stuff.

74. Antique Shop

Investment required: inr 3 lakhs to inr 5 lakhs.

All the urban and sub-urban homeowners are always looking for something unique to make their house feel like home. Antiques are priceless as they come from a place in history. This is one of the best low investment business ideas as India can never run out of antiques because it has a super-rich culture and heritage.

You can start off by vising touristy places and collecting antiques and reselling in your circle. As your business picks up you could import or even export stuff to international buyers.‌‌

75. Organic Farming

Investment required: inr 5 lakhs.

Most of the urban crowd is altering their eating habits and choosing an organic diet. Organic foods are pesticide-free, rich in nutrients and anti-oxidants, and hence are much preferred. If you have agricultural land that is spared or has enough space around you can start organic farming .

A lot of technical experts provide farming knowledge for free or you could hire an expert to farm your land. Organic foods are seeing exponential growth and bound to have huge demand in the near future.‌‌

76. MLM Network Marketing

Investment required: inr 1 lakh.

Multilevel Marketing has been around in India for quite some time now. It is a business model that works on networking. You pick a company of your choice and invest an initial amount to get started.

You market the product and network with other people and make them join you under your name. The person under you follows the same procedure. This forms a chain and every member is benefitted from the commission earned on the sales made by themselves and the members under them. Examples of MLM marketing are Amway, Oriflamme, Modicare, etc.‌‌

77. Marriage Bureau/Matchmaking

Marriage bureaus are full-time, never running out of customers kind of business. Indian moms will always find one of these. Although apps like Tinder have the youth indulging in casual dating, matrimonial sites like Shadi.com are spread pan India matching people with their soul mates. If you think you have the sixth sense that’s required for a task like this, matchmaking is something you could monetize from.

Now, heads-up, this won’t be a money-making machine from the beginning as families coming to a marriage bureau are very specific with their preferences. There will be groundwork and meeting a lot of people. But once you get the taste of it, this business is truly exponential.‌‌

78. Organic Candle/Soap Making

A decade ago, I thought soaps were only manufactured in factories. Not the case though. Turns out a YouTube video can guide you to make heavenly smelling candles and soaps by investing some cost and pouring in a lot of your creativity.

It takes basic knowledge of soap and candle making and the rest is all colours, fragrances, shapes, and glitter. You could charge a premium amount for these products as they are handmade, mostly, and are organic, and can be diversified into many different products. ‌‌

79. Career Counselling

Now this one might require a legit degree and a lot of expertise. Career counselling is one of the most groundbreaking businesses in the educational sector today. Career counselling helps individuals choose their careers based on their interests, abilities, and acquired or natural skills.

By the end of 2030, India’s population below 25 years of age would be 80 crores. Career guidance requisites would surge by a huge margin and this is the right time to start your business with it.‌‌

best business ideas with 5 crore investment

80. Aquarium Store

Aquarium stores provide you with fish tanks and fish of all kinds. To start off with an aquarium store, you need to invest in buying pairs of fish, fish tanks, oxygen setups, etc. Aquarium stores these days often customize the setting in a fish tank based on the size and requirement of the buyer. You can also offer fish food and tank-related equipment.‌‌

81. Photo Studio

If you’re good at photography, there is a wide range of fields in photography where you could apply your skills. They include pre-wedding shoots, wedding shoots, maternity shoots, commercial shoots for ad campaigns, or portraits. Chose your niche, grab a decent camera and get on with it.‌‌

82. Professional Reviewer

Many companies often look for their products to be tested and require valuable feedback. These companies pick individuals and send a free product for review. You can become a professional reviewer if you can get companies to pick you up. You need an active blog or YouTube channel for posting these reviews as they happen to reach a huge demographic. Make sure you have the required knowledge and expertise to talk about the product. ‌‌

83. Investing in Low-Cost Franchises

Franchises are a strategy of conglomerates to expand their business across cities and states. Companies offer to set up costs and decent margins behind the stock to be sold. Start with researching a product or service that is doing well in the market and has a scope to grow in the future. Invest in the inception of the franchise and work towards marketing the product or service and watch the business grow.

best business ideas with 5 crore investment

84. Mystery Shopper/Customer Survey

A mystery shopper is someone who reviews products or services by discreetly visiting shops, evaluating the staff, testing products, possibly making a purchase, and filling a survey or feedback form. All you need to do is be 18 years old, have access to the internet, good command of the local or English language, and a smartphone. Surveys too are great for a busy or flexible schedule.‌‌

85. Stockbroker/Mutual Funds Agent

Investment required: inr 5 lakhs to inr 15 lakhs.

Mutual funds are subject to market risks. But they’re a great way of investing for the long term, short term, or any specific goals. Salaried and business entrepreneurs are into mutual funds and share markets with the hype around on social media. But most of them lack experience and knowledge.

If you are someone with great knowledge about stocks, you could get certified with a legit course and start your own stockbroking firm.

How this works, is when customers want to invest in a share or mutual fund, they come to you to use your expertise and invest their money in their respective options. You can charge them a commission for handling their accounts, and profits earned in the case of the stock market and premiums in the case of mutual fund plans.‌‌

86. Virtual Assistant Service

Virtual assistance service is a remote job where an individual works on a contract basis with a company providing assistance on everyday tasks . This is a remote job and can be done from a home office or remotely.

It typically involves being skilled in social media management, administration, or someone who can schedule, make appointments, calls, or travel arrangements. It has an array of options that you can explore or upgrade your skillset to get placed with elite companies.

87. Tourist Guide

Investment required: inr 10,000.

If you’re living in a place boarded regularly by tourists, you could use this opportunity to show people around. But first, a guide must be a tourist. He/she should have the urge to travel and explore different places. You need to become the explorer yourself.

Find out tourist spots, shopping places, food options, and the touristy places people would love to explore and visit. If travelling comes naturally to you, this might be your gig. You could blog and vlog your experiences on YouTube and other platforms.  ‌‌‌‌‌‌

This was the complete list of most profitable businesses in India with low investment. We hope the above list will help you to make an informed decision. We will definitely update this list as we get more industry information.

Well, you can always join our Facebook group which is one of the largest startup communities.

Which business is most profitable in India with low investment?

Some of most profitable business ideas in India with low investment are

  • Writing services
  • Gardening services
  • Website designing and development services
  • Driving services
  • Marketing services
  • Tuition or Coacing services
  • Food/Catering services
  • Fitness centers
  • Photo/video services
  • Makeup services

What are the best long term business ideas?

Some of the best long term business ideas or long term business goals/strategies would include:

  • Making a foolproof marketing plan
  • Building network
  • Increasing sales
  • Staying alert of the competitors
  • Enhancing brand recognition
  • Boosting credibility
  • Gathering social media followers
  • Expanding to other cities and exploring new opportunities outside the country's borders
  • Launching new products and services

What are some easiest and most profitable small home-based business ideas?

Here are some tried and tested profitable business ideas that will work:

  • Software development
  • Website designing and development
  • Graphics designing
  • Ecommerce startup
  • Handicrafts
  • chocolate making
  • Gift wrapping

What are some effective home-based business ideas for moms in India?

If you are a mom, and most of the time you remain home, then you are not alone, an overwhelming majority of Indian moms are housewives. However, being a housewife might certainly be boring sometimes for many mothers. So, here are some effective home-based business ideas for moms in India that you can try your hand at:

  • Freelance writing
  • Preparing Hand-made products
  • Virtual Assistance
  • Marketing online
  • Food delivery
  • Event planning

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best business ideas with 5 crore investment

64 Best Small Business Ideas To Start in 2024

Looking to launch a new business in 2024? Discover the best small business ideas for your niche, budget and skill set to jumpstart your entrepreneurial journey.

Woman throws a coin into a basket ball as a metaphor for pursuing a small business idea

Thinking about starting a business this year? Whether you're diving into full-time entrepreneurship or planning a side hustle , this list of more than 60 small business ideas is for you.

Each idea below is selected for its practicality, flexibility, and proven potential for success.

Whether you start a clothing line, pet service, or wellness brand, put your spin on one of these businesses to unlock financial growth in 2024.

Qualities of a good small business idea

Your small business idea should fit your budget, skills, and schedule. It should also meet a market need and have the potential to generate sustainable, long-term profit.

Here's a closer look at what makes a strong small business idea:

Market demand

Good small business ideas solve clear problems for specific groups of people. Before moving forward with an idea, research your target market , customer needs, and competitors' solutions. Study your industry's market trends , customer surveys, and sales data to see what consumers and businesses are doing.

Competitive advantage

How you meet market demand also matters. Competitive businesses often have original approaches that set them apart. This could be a new product, a unique selling proposition , or a competitive pricing strategy. Analyze your competitors to understand their strengths and weaknesses, and develop a business plan that capitalizes on any gaps.

Scalability

Scalability is about the potential for growth and expansion. Can your business idea grow without hitting geographical, financial, or market limits? Many scalable businesses leverage ecommerce platforms to reach global audiences without a physical investment.

Low barrier to entry

Businesses are easier to start when they have lower initial costs, fewer regulatory requirements, less need for specialized training, and minimal technology needs. For example, business ideas like creating freelance content or opening a dropshipping store require minimal setup and no upfront capital.

Profitability

Ultimately, a small business idea needs to make money . Try to estimate potential profits and build a financial model based on predicted sales and operational costs.

Sustainability

Will your small business be part of a growing industry or a trend that's already peaked? Will your operations align with environmental , social, and regulatory expectations? Sustainable businesses not only benefit from increased consumer trust but also set themselves up for long-term success.

Best small business ideas

By using your existing skills and some readymade online tools, it's easier than you might think to launch a small business. Here are some small business ideas that you can start today.

1. T-shirt designer

Websites and apps that offer print-on-demand services are perfect for small businesses. With them, you can sell custom products like t-shirts without worrying about manufacturing, shipping, or pre-paying for inventory.

Print on demand is the process of choosing products from a catalog and customizing them with your designs. A print-on-demand company will produce and ship your t-shirts as orders come in. This allows you to create and sell original shirts and other items with branding and unique visuals.

T-shirts, hats, hoodies, tote bags, and more become canvases for your creativity. Create shirts with witty slogans for developers or cute graphics for cat owners. If there’s passion and pride within a community, a potential print-on-demand t-shirt business is waiting to be started.

If you’re not a designer, hire one from freelancer sites like Fiverr , Upwork , Dribbble , or 99Designs . You can even use t-shirt mockup templates , so you won’t need to spend money on a photoshoot to model your designs.

Examples of graphics for print-on-demand product t-shirts

2. Digital freelancer

A freelance service business is another simple form of self-employment. When you offer a service, “time” is your inventory and your biggest investment. That makes it easy to get up and running if you have in-demand skills and a few spare hours each week.

Writers, graphic designers, virtual assistants, SEO practitioners, developers, and others can build a business around their skills. You could offer your expertise as an ongoing service or start a consulting business that advises on projects.

Once you’ve found your first customers, try apps like BookThatApp or Acerill Appointment Booking for easy booking and appointment management.

You can also offer your services through a freelance marketplace like Upwork to increase your chances of being discovered by people who need your skills.

3. Affiliate marketer

Affiliate marketing refers to a performance-based marketing tactic where a business pays people to promote products for them. Every time an affiliate brings in a new customer, they receive a commission from the business.

Affiliates can promote products on their blogs, social media accounts, websites, or in communities. For many, affiliate marketing is a low-cost way to earn passive income .

To join an affiliate program, do the following:

  • Find an affiliate program on sites like ShareASale , CJ , or LinkShare
  • Choose offers you want to promote
  • Get an affiliate link
  • Promote that link across your assets
  • Get a commission every time someone signs up or makes a purchase through your link

Commission rates vary, depending on the company and the retail price of products. You could earn as low as 5% for each sale, while some commissions can be as high as 50% if you’re promoting a class or event. Some affiliate programs also offer a flat rate versus a percentage.

4. House or pet sitter

House and pet sitting are good business ideas to start if you feel comfortable caring for and staying in a stranger’s home, potentially with their pets.

You can create an online store to market and sell your services, or register for an account on dedicated home and pet care apps. Here are some examples:

  • HouseSitter.com : This website is for both house and pet sitting. You can create a profile and apply to postings. People who need house/pet sitting can also browse sitters and reach out to them.
  • Rover : Rover is a website and app specifically for pet sitting. On it, you can create a profile and apply to gigs. These arrangements include drop-in visits but not overnight visits (or house sitting).
  • Care.com : Care.com is a listing site where pet sitters can create a profile and list their experience. You can also apply to jobs posted by people seeking pet sitters. Care.com is a good site to use if you offer senior care, tutoring, housekeeping, and child care services.
  • TrustedHousesitters : TrustedHousesitters is a great place to start if you need experience or testimonials. The platform specifically prohibits paid gigs, so these arrangements are viewed more as an exchange—you get a free place to stay, and they get free sitting.

Consider that some pet sitters offer on-site services while others care for pets in their own homes. You can even add a dog-walking element to appeal to a wider range of people.

Tutoring school kids or adults who want to learn a new skill can bring in extra income around your regular working hours. You might be great at math, playing the drums, or speaking French, so why not teach others?

Promote your tutoring services on local Facebook groups and in nearby schools to get the word out and build up your client base. If you're planning to create courses for your students, start by watching this guide to making online courses .

6. Personal assistant

Becoming a personal assistant requires little upfront expenditure and means you can work with a range of businesses. You’ll essentially be helping business owners take care of admin tasks, like booking appointments, responding to emails, and taking notes in meetings.

Start by networking with business owners on LinkedIn to build relationships and market your services. Creative effective Linkedin marketing strategies with these tips .

7. Dog walker

Dog walking is a fun and rewarding job (and you get a bit of exercise at the same time). Build a dog walking business by checking your local state laws to see what licensing and insurance you’ll need, then set up a website to advertise your dog walking services. If you don’t want to manage the administrative aspects, sign up with a company like Rover, a directory that owners can use to connect with potential dog walkers.

8. Airbnb host

You don’t need a fancy second home to become an Airbnb host—in fact, the accommodation platform originally started as a way for homeowners to temporarily rent out their spare room for extra cash. If you have the extra space in your house, you can create an account with Airbnb and rent it out at weekends, for overnight stays, or whenever suits you.

Like the idea of running a rental business? Here are some other rental business ideas to consider .

Are you always called on to bake cakes and sweet treats for your friends and family? If the answer is yes, you can sell baked goods to locals in your community. In addition to baking cakes for birthdays and events, your bakery business plan could also include creating batches of baked goods to sell in local coffee shops and cafés, or distribute more broadly through an online store .

Magnolia bakery product listings showing cookies and cakes for home delivery.

10. House cleaner

If you’re a stickler for cleanliness, starting a cleaning business can be a fulfilling way to make money. Create a batch of flyers to stick through doors in your neighborhood and advertise your services on local Facebook groups. If you do a good job, chances are word of mouth will help you organically pick up customers.

11. Car washer

Car washing has long been a source of fundraising for high schoolers, but it can also work as a business for adults too. If you’ve got space outside your house or a nearby yard, you can offer car washing and valeting services to locals. Alternatively, you can go door-to-door to hand out flyers and wash cars on the road while you build up your business.

20 dollar bills arranged on a table.

Best businesses to start with little money

Short on cash and want to start a small business? Check out these cost-effective businesses you can start today.

12. Dropshipping store owner

Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It’s one of the best businesses to start, because it’s low overhead, hands-off, and scalable.

💡 With Shopify, it’s easy to start a dropshipping business . Sell popular products without the hassle of managing inventory, packaging, or shipping. Orders are sent directly from your wholesaler to your customers, so you can work on what you do best—reaching your customers.

You don’t need to handle any products yourself—you just need to make the sales and pass orders on to your supplier. In fact, it’s one of the quickest and cheapest businesses to start.

You can curate products from one or more suppliers into your own online store under a theme that focuses on a specific dropshipping niche , like gear for yoga enthusiasts or water bowls for dogs. When a customer buys a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for marketing and customer service.

Dropshipping is a great way to sell trending products and launch a business before you invest in your own original products.

Product page of a USB aroma diffuser from a dropshipping store

13. Influencer

In today’s connected world, the ability to capture and keep the attention of others is an asset. It’s one many businesses are willing to pay for and one many creators are able to convert into a business with multiple revenue streams.

Whether you choose to grow your following on YouTube , Instagram, TikTok , or a blog (or, ideally, on a combination of different channels), you have many avenues for monetizing your audience:

  • Sponsored posts on behalf of brands
  • Becoming an influencer
  • Selling physical or digital products (via any of the ideas on this list)
  • A combination of the above (they’re not mutually exclusive)

Taking an audience-first approach to your small business idea means you’re playing the long game (it might be months until you’ve figured it out). But you don’t need millions of followers to do it: Instagrammer Kat Gaskin, for example, pulled off a $10,000 product launch with only 3,000 followers.

14. Child care provider

The rise in demand for child care services with a decreasing supply is a perfect combination for starting a new business. If you enjoy taking care of kids and can get the proper licenses, a new child care business could be a good business idea for you.

Daycares are a particularly good business idea for parents looking to make money from home.

15. Handy-person

Everyone has a go-to maintenance specialist in their family. You know, the person who’s always doom chores around the house: a plumbing issue, installing tile, cleaning out gutters, putting up a fence. They’re always the person friends and family call on for odd jobs. If this is you, why not get paid for your work?

The home repair and improvement industry sits at around $540 billion in market value. Whether it’s fixing a boiler or building a patio deck, if you’re someone who likes to fix things, this could be a lucrative business for you.

16. Life coach

Life coaches help people navigate career changes and build wellness lifestyles they love . If you’re good at helping people make decisions, are a great communicator, and enjoy guiding people toward their dream lives, this could be a good business idea for you. You’ll need a qualification to get started, but otherwise, you can start picking clients up on social media, via local advertising, and, eventually, through word-of-mouth marketing.

17. Consultant

If you’re a specialist in a certain area or have deep knowledge of a particular subject, you can monetize that by opening a consultancy. For example, you might decide to offer consultancy services to companies looking to improve their hiring practices or, if you’re skilled at search engine optimization , you might open a business offering your knowledge as a service.

18. Newsletter author

Newsletters offer a direct line of communication to a prebuilt audience. If you’ve got an online presence and knowledge to share, consider starting a newsletter business. There’s little you need to get started—just an email marketing provider and a way to generate subscribers—then you can make money selling sponsorships, products, or services directly through your newsletter. Alternatively, when the numbers are high enough, you can charge subscribers to receive your newsletter in a subscription-style model.

19. Bike mechanic

Love fixing bikes? Start a business repairing and building bikes for your local neighborhood. Advertise your services in local Facebook groups, draw up some flyers to stick around local shops, and create a simple website to get the word out.

A person works on their business from a bed next to a sleeping dog.

At-home business ideas

You can also start your own business at home, giving you complete flexibility and freedom. Whether you’re interested in writing a book, creating digital courses, or managing social media for brands, there are numerous opportunities for home-based businesses.

20. Self-published author

Cookbooks, picture books, comic books, poetry books, photo books, coffee table books, and novels—if you’ve got the knowledge or creativity, there are a variety of original books you can bring to the market. The options are endless—that’s why it’s one of the best small business ideas to start.

Print on demand book services are a safe way to test the waters and get started with self-publishing . It also gives you control over the quality and look of your book.

Lulu xPress and Blurb are popular platforms to create, order, and distribute your own books as physical and digital products. You could also sell it on third-party marketplaces like Amazon .

While you can order one book at a time, costs naturally go down when you buy in bulk. Consider preselling or crowdfunding your book idea to ensure there’s demand, and guarantee a certain number of sales so you can feel confident making a bulk order. Publishing your own book can be a great way to monetize a blog if you have or are looking to start one.

21. Digital creator

Digital products like music , courses, podcasts , and templates are unique on this list of low-investment small business ideas. Unlike the others, they’re not tangible. There aren’t recurring manufacturing or shipping costs to worry about, so your margins can remain high, making it another no-brainer for being one of the best businesses to start.

The trick is figuring out what makes for a good digital product, and how much people are willing to pay for it.

Some good digital products include original instrumental beats, stock photos that can be licensed to other creators, and information products and templates that help people level up their skill sets in a particular field.

If you’ve got a talent that can be turned into a digital product, think about packaging it into a new stream of income.

Shopify's has a free Digital Downloads app that lets you offer digital products in your store as easily as physical products.

22. App developer

Creating a million-dollar app business is not easy. In fact, 99.5% of consumer apps fail . Most apps don’t have product-market fit, need a ton of marketing, and are costly to create.

So, why include this business idea? Because consumer app development isn’t the only path for entrepreneurs. New B2B apps for the Shopify App Store crop up daily, with a market of motivated businesses eager to find the tools they need. By offering a simple solution to a common problem encountered by website designers or store owners, you can generate a healthy profit.

23. Coffee seller

Selling coffee can be profitable with a strong brand and the right marketing plan. Sure, coffee has a lot of competition. But that shouldn’t scare you away from this multi-billion-dollar industry . Selling a high-commodity product like coffee has many benefits:

  • There is a high volume of customers.
  • Customers typically associate small brands as having a higher quality than corporate brands.
  • There are many positioning opportunities.

Because coffee is so widely available, it’s easier to sell. People already want coffee—you only need to make them want your coffee.

Coffee Bean Direct website with bags of the product and promo for “holiday coffee gift bundles”

24. Social media management consultant

In 2024, there are more than 5 billion active social media users around the world. That’s over 60% of the world’s population. Between YouTube , Instagram , Facebook Messenger , TikTok , and all the other social networks available⁠—brands need help managing their accounts.

A social media manager is responsible for creating and analyzing content for brands’ social accounts . Clients will pay you to create engaging content, write attractive bios, respond to comments, run ads, and more. You could charge by the hour or by project rate.

25. Résumé writer

Resumes are crucial to landing a new job, so if you’ve had good responses from previous employers, consider helping job seekers optimize theirs. You can offer two different services:

  • Writing résumés and cover letters from scratch
  • Improving and optimizing existing résumés

It’s often much more difficult for us to write our own résumés than it is for an objective third party. Use this to your advantage and sell résumé writing services on your website or social media, or via local recruitment centers.

26. Translator

Are you fluent in another language? If the answer is yes, you have a great in-demand skill under your belt. Translators can do everything from translating website copy from one language to another to translating in-person conversations. Consider specializing in a specific form of translation, such as translating medical journals or finance publications. Then, create a website to advertise your services or create flyers to drop through doors.

27. Travel planner

If you’re always the person who gets asked to plan upcoming trips, there might be a career for you in travel planning. While people are using travel agents less and less, there’s still a market for bespoke, luxury travel planning. Set up a website and start advertising your services on social media to generate interest.

28. Virtual assistant

Similarly to personal assistants, virtual assistants help business owners manage tasks they don’t have time for. The only difference is virtual assistants don’t have to be in the same city (or even the same country) as the businesses they work for. Virtual assistant services vary wildly and can include social media work, graphic design, general admin, and sales.

29. Developer

The growing digital landscape calls for more coders (also known as developers). These are the people who build websites from the back end, turn designs into fully functional sites, and build apps from scratch. There are online courses you can take that arm you with the basics, but the best way to improve your coding skills is to practice. Build a website to showcase your skills, reach out to brands you’d like to work with, and create a portfolio of websites and apps.

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30. Data entry clerk

Every business uses data, which means data entry clerks play an important role in collecting, storing, and managing vast quantities of information. If you love a spreadsheet or are well-versed in setting up systems and processes, this could be the business for you. Start by reaching out to local businesses to offer your services and promote your business on social media to reach a wider range of potential clients.

31. Content creator

There are more than 200 million content creators —a positive sign the creator economy is a blossoming industry to get involved in. Content creators are people who post videos, stories, and content on social media to build an audience and make money. This can be done via brand partnerships, product promotions, selling products, or advertising revenue. If you already create content and enjoy sharing stories on social media, it may be a no-brainer to become a content creator.

32. Digital designer

Digital products include templates, journals, checklists, guides, and designs people can download and use from the comfort of their homes. It’s easy to experiment with a variety of different product types to see what sells—simply use a design tool like Canva to design your downloads , and create a website or use a marketplace like Etsy to sell them on.

lifestyle images of women and girls wearing clothes you can create with the website’s patterns

33. Bookkeeper

Good with numbers? Why not start a bookkeeping business? You’ll be in charge of monitoring and recording small business accounts each month to make sure your clients are on top of their finances. You might need a relevant degree or certification before you get started, but once your business is set up you can work with clients from the comfort of your own home.

A person browses a clothing rack in a small boutique

Unique small business ideas

Small business owners can also be innovative and make an impact on people’s lives. Want to change the game in a particular market? Check out the ideas below.

34. Nonprofit founder

Starting a nonprofit organization isn’t the only path you can take to help fund a better world.

Having a mission to go along with a business and setting aside some profit for a cause gives social entrepreneurs a unique way to position their company in the market while addressing the issues they care about most.

While many social enterprises offer their own original products, you can also take any of the low-cost small business ideas above and partner with a nonprofit or execute that social good with your own hands, as long as you’re transparent about how it works.

The Give & Grow Donations Shopify app makes it easy to partner with charitable organizations and incorporate your mission into your business. You can set it up to donate a specific amount or a percentage of sales or ask your customers to add a donation at checkout.

Checkout cart of an ecommerce site that has a nonprofit donation option as part of the experience

35. Pet business owner

The pet industry is an industry that’s worth more than $300 billion and ripe with opportunities. Your pet business could be product- or service-based—selling accessories, food, or toys, or offering grooming, walking, or training expertise.

Perkie Prints makes personalized printed pet products—everything from apparel to framed prints, plus fun projects in between. On the service side of things, Let the Dog Out offers dog walking and “bathroom breaks” to its customers.

Website for Let the Dog Out that features a man with a dog walking across a wooden bridge.

36. Membership program founder

Online memberships are ideal for entrepreneurs with an established active and engaged community . They work much like a subscription-based business—customers make recurring payments in exchange for a virtual product or service.

Memberships are great for managing members-only access to content on a website, and even for physical businesses that offer guided sessions online. Yoga studios, gyms, clubs, and art schools are a few examples of businesses that can take advantage of this business model.

It’s easy to start your membership-based business with Shopify. Set up a new product just like you would for a physical product, but create a name and description that tells people about your membership services.

37. Virtual event planner

Virtual event planning is a profitable business idea if you enjoy organizing and connecting people. The significant rise in business events and the adoption of virtual tools for conducting meetings will keep this market growth high. As a virtual event planner, you’ll be responsible for creating virtual conferences, networking opportunities, and educational sessions for companies around the world.

38. Landscape gardener

Got a love for nature and outdoor design? A landscaping business is a great option for you. Landscaping, also referred to as lawn care, means modifying and maintaining the visible features of an area of land. You’re responsible for creating beauty out of natural, living elements like flowers, grass, and trees.

There’s growing interest in landscape maintenance among younger households, with seasonal demand making landscaping a potential summer business idea . Competition in the market is moderate. You’ll face a few leading landscaping companies, like TruGreen, as well as smaller local service providers.

39. Vending machine owner

Here’s a unique business idea : vending machines. Yes, there’s money to be made with vending machines. Though the industry took a hit during the COVID-19 pandemic, projections indicate vending machines will bounce back.

Offer the right products at the right location to make your vending business a success. Do your research to find high-traffic areas, who is walking by, and what they might need at that moment. Consider the various airport vending machines. You’ll find the expected vending machines with snacks and drinks, but there are also machines with makeup and accessories, like phone chargers and headphones. With a strategic approach, vending machines can be a profitable business with a small investment, and an overall great business idea.

40. Online dating consultant

Consider yourself a bit of a matchmaker? Become an online dating consultant and help singles find love. Besides helping people set up online dating profiles, you can source potential matches, and offer coaching through the initial first dates. Try it out on some willing friends first and use these success stories to promote your services to other singles.

41. Personal trainer

If you enjoy going to the gym and staying active, consider starting a personal training business. You’ll need a qualification to get started, but once that’s in place you can build up a roster of clients who regularly come to work out with you.

Take it a step further and offer personalized training plans, nutrition advice, and exercise mentoring to make additional income. You can advertise your business on local Facebook groups, create flyers to stick around the neighborhood, or create a website to attract remote clients that you can train with via video call.

42. Personal chef

If you love to cook and often find yourself hosting delicious dinner parties for friends and family, a personal chef business might be for you. Start small by cooking meals for your neighbors’ dinner parties and expand to include downloadable menus and personalized multicourse meal plans. It can help to specialize in a specific cuisine or style of cooking to build up your name, such as vegetarian meals or Japanese dishes.

43. Meal prep specialist

Meal prepping is all the rage as people’s lives get busier—just take a look at the success of meal subscription boxes like Hello Fresh and Blue Apron.

Tackle this pain point by offering a meal prep service where you batch-cook food for the week and deliver it to your clients. You can even enhance segments of your meal prep by offering related food, like a line of condiments. Promote your business locally and hand deliver meals or advertise online to a wider audience and send meal boxes by post.

Personalize your meal kit UX and checkout cart for blue apron

If you’ve got a truck and enjoy physical labor, consider opening a moving company. Make sure you’ve got the correct permits and insurance to start and then build up a name for yourself by sending out flyers, advertising on local Facebook groups, and encouraging word-of-mouth referrals.

45. Voiceover artist

Got a voice smoother than Morgan Freeman’s? Become a voiceover artist who narrates television adverts and online videos. The sheer popularity of video today means there’s plenty of work to go around. Set up a website to advertise your services and sign up for voiceover directories to connect with potential clients.

46. Tour guide

Becoming a tour guide can be a fun way to show people around your city, especially if you enjoy and are knowledgeable about the local history. Consider differentiating your business from other tour guides by focusing on a specific activity, like food, music, or culture. Advertise your services online and create flyers to distribute in well-known tourist spots.

47. Masterclass host

While tutoring often takes place in person, you can also share your subject expertise to groups of people online by teaching online masterclasses. Decide what skill or activity you’ll teach and advertise your services online or through local Facebook groups. As well as teaching subjects like accounting or dance, you can also teach workshops on topics like cooking and wine tasting.

48. Professional organizer

If you’re known as the “organized one” in your group, consider starting a business as a professional organizer who helps people declutter and restore order in their homes. It can be really difficult for people to juggle day jobs and organize their homes to a high standard, so you might find yourself in high demand. This job is obviously geared more toward a local client base, so rely on local Facebook groups, handing out flyers, and word-of-mouth referrals; you can also increase your revenue with organizational videos and paid downloadables.

49. Personal shopper

Personal shoppers help their clients find the right clothes, furniture, or jewelry. If you’ve got a good eye for fashion or interior design, this can be a rewarding way to make money. Start by choosing what kind of personal shopper you’d like to be and then advertise your services locally via Facebook or flyers to spread the word.

A person considers creative business ideas pinned to a wall.

Creative small business ideas

Start an exciting business that explores your creativity and self-expression with the following ideas.

50. Poster and card illustrator

If you’ve already got an engaged online following—say you’re a cartoonist or an urban photographer—you’re in an especially good position to sell your art online .

Depending on the printer you work with, you can turn your work into products such as posters, framed wall art, or even greeting cards. There are plenty of low-cost digital templates and mockup generators like Placeit that you can use to showcase your products without having to print out each item and conduct your own photoshoots.

Landscape and plant prints sold as gift cards and posters

51. Online boutique owner

If you love fashion and sharing your sense of style, you can consider creating your own online fashion boutique. You don’t need to become a fashion designer—you can curate items from other vendors into your own online store (using the dropshipping model we discussed earlier).

Dresses, shoes, swimwear, accessories, and more—you can build your own fashion brand using one of several product-sourcing apps , model them on your own with product photos and social media posts, and build an online following as a trendsetter . Apps like MyOnlineFashionStore let you import various styles into your Shopify store.

52. Crafts-person

If you’re a maker—whether that’s DIY soap, candles, sauces, or pottery—you’re in a position to find a small business idea, because product development and procurement are literally in your hands.

Unlike many of the other ideas on this list, you will need to consider shipping and inventory management , but you can start out simple on a per-order basis or with a small batch until you start generating consistent sales.

In fact, many makers on Shopify started out with a home business idea , selling on Etsy or eBay, or to friends and family through word of mouth, and grew into full-time small business owners after establishing demand for their products.

Just be mindful of any regulations in your product category , especially for anything customers will eat, inhale, or put on their skin.

Brooklyn candle studio homepage: “wanderlust,” various candles and flowers arranged together

53. Photographer

Got a passion for taking photos? Turn your hobby into a full-time online photography business . Today, you don’t just have to sell services for weddings and corporate ad campaigns. You can easily set up a store and sell prints, posters, NFTs, and more. Or you can sell your photos on stock photography sites.

54. Beauty entrepreneur

The beauty industry really pulled through the pandemic and the momentum continues to build. Businesses that sell online with unique positioning and enhanced delivery services will continue to win.

Some product ideas with high demand are:

  • Personal care products like hand soap and sanitizer
  • At-home spa rituals like face masks
  • Beauty technology like massage guns, smart mirrors, and makeup refrigerators

Consider launching a makeup brand or a hair care line and targeting a specific audience segment, like curly girls or teens.

55. Phone accessories

Because so many people own mobile phones now, there’s a huge market for phone accessories. And there are many different ways you can go with these accessories—print-on-demand, handmade, niche by product type, dropshipping, and more.

Some ideas for phone accessories to sell include:

  • Phone cases
  • Car and desk holders
  • Earbuds/headphones
  • Bluetooth speakers
  • Portable chargers
  • Wireless chargers

When listing your phone accessories for sale , remember to include which devices they’re compatible with. You don’t want to create a negative yet avoidable experience for customers who receive an item they can’t even use.

56. Subscription box brand

If you’re not interested in creating your own products to sell, you can curate them. One of the best small business ideas is to sell subscription boxes with curated products that follow a certain theme.

One of the great parts about subscription boxes is you can create them for pretty much every niche out there. For example, featuring merchants and makers in your community is one of the best local business ideas for subscription boxes. You can also go for themes like yoga, beer brewing, or pets—the possibilities are limitless.

Like memberships, subscriptions are good business ideas to start because they create a recurring revenue stream. People have to proactively cancel their subscription if they don’t want to continue paying for it.

Subscriptions also lend themselves to collaboration. When you curate products from different merchants, you can get in front of their audiences—a whole group of potential new subscribers.

Myro’s product pages for deodorant and body wash starter kits

57. Alterations specialist

People will always need a button sewn back on or a hem altered. If you’re good with a sewing machine, you could be the person to do it. Start small by offering to hem or mend your neighbors’ clothes and, as you grow, add services to your repertoire like dressmaking and alterations.

58. Makeup artist

If you love makeup and enjoy making others look good, start a business as a makeup artist . You can offer your services for weddings, photoshoots, or special occasions and decide whether you want to work with locals or are willing to travel to build your client base. As well as advertising your services on local Facebook groups, create a website and flyers where people can find out more about what you offer.

59. Furniture restorer/upcycler

Furniture upcycling gained huge momentum during the pandemic as people upgraded their living space. If you’ve picked up a few restoration skills along the way and enjoy refurbishing a well-loved piece of furniture, why not open a furniture restoration or upcycling business? You can either buy items from local charity shops or reclamation centers to do up and sell, or you can offer to upcycle people’s existing furniture.

A florist displays products on a sunny street.

Physical small business ideas

These business ideas may appeal to those who enjoy face-to-face interaction and tangible services. People who are passionate about creating active income streams might find these business ideas appealing, as they require a personal touch and physical presence to succeed.

60. B&B owner

Opening a B&B isn’t a small feat, but if you’ve dreamed of creating a cozy place for travelers to stay in your area, it could be a great business idea for you. You’ll need a big enough space to get started, but after that, you can decide what theme you want your B&B to take on, what packages you’ll offer to guests, and how you’ll create a welcoming experience that keeps people coming back.

61. Delicatessen

If you’re a specialist in a specific type of food (or you simply love a specific product), consider opening up a dedicated food store. Whether it’s cheese, wine, craft beers, or specialty olive oil, you can create a commercial hub for like-minded people to share your passion. As well as sourcing products from local makers, you can use your store to host relevant events, like wine tasting or cheesemaking for extra income.

62. Food truck operator

Food trucks cost less upfront than a restaurant because you only need a vehicle and the cooking equipment to get started. Set yourself up for success by narrowing your offerings down to a specific cuisine or food type—remember, you have limited space in a food truck.

If you don’t want to (or can’t afford to) buy a truck upfront, you can always lease one from a company like the Food Truck Group to get you on your feet. If you’re successful, you can open a restaurant later on down the line, just like The Cheese Bar .

63. Massage therapist

Trained massage therapists are always in high demand. There are three ways you can operate your massage business:

  • Visit client homes to provide massages.
  • Open a salon where clients can come to you.
  • Work on a contract basis for a chiropractor, salon, or acupuncturist.

You’ll need a qualification to get started, but once you’re all set up you can expand your list of services to include other beauty and relaxation treatments.

64. Barista

Turn your love of coffee into a physical coffee shop. Choose to invest in a franchise or start your own coffee shop from scratch. Once you’re set up, you can differentiate your business from competitors by running in-house events, offering special deals, and turning your coffee shop into a valuable community hub.

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How to start a small business

To start a small business, you need a plan as well as a dream. To put the wheels in motion, follow these steps:

  • Use the time you have available: It’s good to have a balance of ambition and realism with your business aspirations.
  • Identify a new business idea: This could come from your personal interests, a market opportunity, an experience—anywhere, really.
  • Validate your business idea: This is where you identify if your idea is viable or not. Are people willing to spend money on this?
  • Find a business name: A strong name should be short and simple, memorable, and original. If you need help, use a business name generator .
  • Make a plan: Your business plan is critical for keeping your business on track, as well as securing partners, investors, lenders, and more.
  • Understand business finances: Open your business bank accounts, secure funding, and set up strong bookkeeping and accounting processes. It might be a good idea to build out your goals in a business plan template to help secure funding.
  • Develop your product or service: The fun part! This is where you bring your product or service idea to life.
  • Pick a business structure: Your business structure influences taxes, operations, personal liability, and more. Choosing the right business structure is about balancing the legal and financial protections you need with the flexibility offered by different options.
  • Research licenses and regulations: Your business is subject to the laws governing businesses in your area, as well as laws and regulations specific to your industry. It’s important to understand this to avoid bigger problems down the road.
  • Select your software systems: Accounting, email, ads, project management—you need an entire tech stack to run your business.
  • Find a business location: Identify where you can open up a shop based on space, retail needs, and fulfillment needs.
  • Plan workload and team size: If you plan to do all of the work yourself, you’re limited by the time you have available to invest. If you plan on hiring help, you’ll need to account for those costs—as well as the time involved in finding and onboarding freelancers or employees.
  • Launch your business: Leverage your network, build buzz with promotions, and test paid ads to get word out about your newly launched business.

Generating small business ideas

There are many ways to come up with profitable business ideas of your own. You or someone you know might have a poor personal experience with a company—and you know you can do better.

Or, maybe there’s a gap in the market: for example, demand for a specific product but no one meeting it. Other ideas come from everyday moments, in the shower or right before you fall asleep.

Brainstorming business ideas

If you’re feeling stuck on good business ideas, keep a brainstorming board. Whether tactile or digital, create a place to put down your ideas whenever they come to mind. Then, revisit your notes with fresh eyes.

There’s power in numbers, too. Recruit help from colleagues or friends and family to brainstorm new ideas. Survey your existing customer base or audiences and get their ideas. Look at what people are saying on social media or searching for online. Start with lots of ideas and then refine your list to the top ideas to explore further.

Protecting small business ideas

Most business owners have a few options when it comes to legal protection of their small business ideas, both now and in the future. The right one depends largely on the types of businesses you’re talking about.

  • Copyright: Copyrighting protects your intellectual property, meaning others can’t use it without your permission. This applies to text, art, photography, music, graphic design, and similar mediums.
  • Trademark: Trademarking is another intellectual property protection. Essentially, you “own” a word, phrase, logo, symbol, or design—preventing others from using it.
  • Patent: Patents are applicable for inventions—a patent prohibits anyone else from making, selling, or using your invention in their business for a period of time.
  • Confidentiality and nondisclosure agreements (NDAs): These legal documents prohibit people from sharing information, as outlined in the NDA.
  • Noncompete agreement: If you hire employees or contractors, you can have them sign this document, which prevents them from working with direct competitors.
  • Work-for-hire agreement: Another document—this one is only for employees—that means any work they do during their term of employment belongs to the employer, not the individual.

Funding a business idea

One of the toughest but most important parts of starting a business is finding the money to get your idea off the ground. There are a few ways to get funding for your business idea .

  • Small business loans: Shopify Capital offers funding for eligible merchants, who can apply to receive between up to $5 million in capital to grow their business.
  • Investors: Lots of investors look for the next big thing—the types of businesses that go viral. Craft a pitch for your business idea to present to investors.
  • Crowdfunding: Crowdfunding is similar to getting investors, except you need lots of investors who are each willing to make a small financial commitment.
  • Fund it yourself: It’s not realistic for everyone, but less expensive business ideas make it easier to come up with the cash yourself . Just be aware of the risks involved.

💡 Need funding to run and grow your business? Shopify Capital makes it easy to apply for funding quickly to use for inventory, marketing, and more. Automatically make payments as a percentage of your daily sales. No compounding interest.

Got your business idea? Now start

Thanks to the latest commerce tools, third-party suppliers, and the ability to quickly test ideas online, it’s easier than ever to build a successful business and start making sales without getting caught up in sourcing products, renting space, and managing inventory.

The small business ideas above can be implemented directly, morphed into an original idea, or even combined to start a business that’s uniquely yours. If the idea of sourcing, storing, and shipping inventory has kept you from starting a business before, begin with an inventory-free, low-cost business model and grow from there.

The world of self-employment can be challenging, but with a little hard work and know-how, you can work toward building your own business.

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Small business ideas FAQ

What are the most successful small business ideas.

The most successful small business ideas combine the skills and passions of business owners with simple, practical customer solutions. For example, ecommerce store owners and food truck operators make it easy for customers to access desirable products. Likewise, online courses increase access to education. Pet businesses and personal wellness services can also flourish by serving consumer lifestyle trends.

What are the top 10 small businesses to start?

Starting a business that aligns with online consumer trends can lead to success. Consider these top contenders:

  • Dropshipping popular products
  • Print-on-demand apparel
  • Selling digital products like ebooks or courses
  • Blogging on niche subjects
  • Offering freelance services such as graphic design or writing
  • Crafting homemade products to sell online
  • Creating content for podcasts or YouTube
  • Becoming an affiliate marketer
  • Providing pet-sitting services or selling pet products
  • Operating an online clothing store

What is the easiest small business to start?

Online businesses are accessible for new entrepreneurs due to low overhead costs and the ability to reach a broad audience quickly. Examples of online business models include dropshipping, selling digital products, or providing freelance services. Other benefits of online businesses include minimal physical inventory needs, flexible work locations, and scalable marketing strategies.

What’s a good first small business to start?

A good first small business matches your skills and interests with a low initial investment. For instance, launching a freelance graphic design service could be ideal if you have graphic design skills. Look for business ideas you can start from home with accessible, inexpensive equipment such as software. This allows you to keep costs low while you build a client base.

How do I create a unique small business?

To create a unique small business, identify a niche with an unmet consumer need. This could be an area you’re passionate about or have experience in. Offer distinctive products or services that stand out by providing novel solutions or through unique branding that resonates with your target audience. For instance, if you’re a vegan baker who regularly shares recipes and notice your community lacks a vegan bakery, this could be a unique small business idea.

What small business services are in high demand?

Demand continues for services that support businesses’ digital marketing and online activities. These include:

  • Freelance writing and content creation
  • Specialized consulting in marketing and SEO
  • Web development services
  • Translation and localization services
  • Accounting and financial advisory

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19 Small Business Ideas For 2024

Kimberlee Leonard

Updated: Apr 19, 2024, 7:21pm

19 Small Business Ideas For 2024

Table of Contents

1. tutoring, 2. music and voice lessons, 3. bookkeeper, 4. pet care services, 5. subscription box service, 6. dropshipping website, 7. dog grooming, 8. copywriter, 9. copy editor, 10. wedding or events planner, 11. photographer or videographer, 12. home cleaning, 13. personal trainer, 14. sewing and alterations, 15. virtual assistant, 16. college consultant, 17. antique sales, 18. life insurance agent, 19. life coach, frequently asked questions.

Every day, hardworking individuals choose to step away from their employers and start their own companies. Small businesses launched by everyday entrepreneurs have added over 12.9 million jobs to the United States. economy in the last 25 years. If you’re looking to join the fray but aren’t sure which path is best for you, here’s a list of 19 profitable small business ideas.

If you’re a master of a particular subject, you can help students struggling in their classes by becoming a tutor. No certification is required to become a tutor, but you should be an ace in the topic. Usually, a tutor has a college degree in the subject they are tutoring.

You can teach in person or online to expand your target market. You may want to invest in some teaching aid tools, such as Canvas or Blackboard. These will help you interact more effectively with online students. You can market yourself or join a tutoring platform, such as BuffTutor, that brings clients to you.

best business ideas with 5 crore investment

Tutoring is an excellent way to make some money while enriching the lives of the next generation.

Are you skilled with a musical instrument, or do you have golden pipes? Do you love teaching as well? Sharing those skills with others can help foster a love of the arts. You can either set up a studio at your home or travel to your clients’ homes, depending on what works best for your situation. The flexibility means the possibilities here are endless.

You can market yourself to local schools or community theaters where parents are looking to get their kids music or voice lessons. A good teacher quickly gets word-of-mouth referrals for new business, which helps reduce the amount of marketing that you need to do.

Learn more: Find the right scheduling app to keep your sessions organized.

If you’re someone who is great with numbers and pays attention to the little details, starting a bookkeeping business might be a viable idea. Bookkeepers sell their services to small businesses that need help managing the books, preparing payroll and gathering data for taxes. You would need to be very well-organized and understand the inherent liabilities that can come with handling someone’s finances; make sure you form an LLC if you choose this route.

While you don’t need specific credentials to become a bookkeeper, getting something, such as the QuickBooks Bookkeeping Certification, will not only teach you a lot but will also give potential clients confidence in your ability. However, it might cost you as much as $450 to obtain the certification.

A dog walking business is an excellent opportunity for someone who loves dogs and is good with other people’s dogs. You get out every day and enjoy fresh air with grateful pups. This business requires you to go to people’s homes to let their dogs out to play or go for a walk. You don’t need any special credentials to be a dog walker, and since you’ll be using your clients’ leashes, you don’t need to invest in much. Primarily, you should purchase items, such as dog treats and waste bags, so that you are prepared for any situation.

If you live in a rural area where clients are spread out, you could pursue the option of offering more generalized pet-sitting services for those who are on vacations or business trips. The income for this type of service may be less consistent, but it’s an excellent fit for someone with experience handling different types of animals. Many small critters, such as birds, reptiles and fish, require very detailed care that their owners don’t trust just anyone to handle. If you can build a reputation for taking good care of these pets, winning new clients will come with ease.

best business ideas with 5 crore investment

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Subscription boxes are a hot trend right now. There are subscriptions for anything and everything, including vitamins and contraception. If you have an idea for a subscription box, you could have the next hot trend.

You’ll want to establish a website where customers buy your box. At the end of the month, you send each customer a curated box of goodies. While you can often purchase these items based on the demand, you may need to carry some inventory of certain products. It will all depend on your subscription box.

A dropshipping website promotes products that it doesn’t keep in stock. Instead, it has a deal with a distributor who will take your orders and mail them to your customers on your behalf. This eliminates the cost of having inventory and expands the number of products that a business owner can market and sell.

To start a dropshipping business , you’ll need to find relationships with dropshippers. There are big companies that have thousands of products, such as Oberlo and Alibaba, that do this. You’ll also need to create a website that features the products. Getting started may cost you $500 to $1,000 if you need help setting up a website.

Dogs’ coats need regular care, and dog grooming is a service that is in high demand. Washing dogs, trimming their nails and clipping their fur must be done as often as every 4-6 weeks for some breeds. While you can do this in a client’s home, most groomers have either a retail location or a mobile pet salon where they have all their supplies and tools.

To have a complete setup, a mobile pet grooming van may cost anywhere from $10,000 to $100,000. If you’d prefer clients bring their pups to you, converting a shed into a grooming salon may be a more convenient option.

Just about every business has an online presence, most with some sort of blog or distributed content. This content needs to be written, and most business owners don’t have the time to do this themselves. They hire a professional writer. If you have a passion for certain topics, an ability to do deep research and are a good writer, this can be a profitable business for you.

There are no startup costs other than having a computer with a good internet connection. Many writers market their services on LinkedIn or in business social media groups. You can also reach out to the marketing director of businesses to offer your services.

With hundreds of blogs and content streams starting every day, there’s a huge demand for reliable editors who can ensure high-quality content goes live. If you have an eye for grammar and punctuation, you might consider becoming an editor who reads and helps improve content. And you don’t have to be limited to blogs or social media; you can edit books and print articles as well.

Make sure that you are a grammar stickler and that you know the differences between AP and Chicago-style writing. You’ll want to invest in these manuals so that you can help your clients meet the right style guides. Other than that, you only need your computer to start this business. You’ll market yourself in online groups and may choose to invest in building a website to help promote your new business.

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If you’d love to help make a special day as memorable as possible, the events business is very rewarding. Those who organize these events should have strong networking skills, pay close attention to details and be highly organized. It helps to have a creative edge that enables you to come up with new and exciting ideas for your clients.

If you want to focus on weddings, be prepared to help with all aspects of the wedding, from the decorations and venue to entertainment and food. While you don’t need any licensing or credentials to do this, you want to have a Rolodex of professionals who can fill certain roles at the event.

Learn more: Use CRM software to keep your vendors and your clients organized.

This is a great business for a creative person with an eye for composition. You can be a generalist or niche down as a wedding videographer or family photo session provider. You don’t need any specialized certifications to start a photography business or start producing videos.

However, you do need a high-quality camera and may also want to invest in lighting accessories. To start a videography business, you’ll need a good digital video camera, lights, microphones and bounce boards to help you get the best quality footage. You should also launch a website that shows potential clients your portfolio of work.

A home cleaning service business is an excellent idea for detail-oriented people who want to be solopreneurs or who want to grow to have a team. As a home cleaner, you go to people’s homes and clean the kitchen, bathrooms and all other rooms. You’ll dust, mop and vacuum rooms and make sure that sinks, toilets and tubs are clean.

You don’t need to be licensed to be a home cleaner, but it’s a good idea to get bonded and insured . This gives clients confidence that you are a professional. As far as investment goes, you will want to have your own cleaning tools and supplies so that you don’t rely on clients to provide them—though some will.

A personal trainer helps people meet their fitness goals. As a trainer, you are part workout expert and part motivational expert. You help develop workout plans to help people either lose weight, build muscle or meet other fitness goals. Certification is required if you plan to work at a gym and will also help you build your credentials to get new clients.

A certification might cost you anywhere from $500 to $1,000. Many fitness trainers also have degrees in kinesiology from a university, but this is not required.

If you’re talented with a needle and thread, you could have a business sewing and making alterations for others who don’t have this skill or the tools to do it. While you may be busy with alterations, the real money is in custom jobs for dresses and costumes. If you live near a thriving Renaissance fair or convention center, you can expect to find plenty of potential customers dressing up for events at these locations.

You don’t need any certification to become a seamstress or a tailor. You will need to invest in a good sewing machine and get materials and supplies that you use when working for clients. Advertising your services on-call or even setting up “emergency” booths at costumed events can bring you new clientele from those in a bind.

best business ideas with 5 crore investment

More business executives are turning to virtual assistants (VAs) to help them with certain business tasks. This saves the business money because they don’t need another full-time employee with benefits while still getting the work done. As a VA, you will do certain tasks, such as managing social media, coordinating travel and maintaining the calendar.

There is no prerequisite to becoming a VA. You just need to be good with people and have keen organizational skills. You’ll want a computer with a fast internet connection to service your clients.

Parents will do whatever they can to help their children get into the college of their dreams. This includes hiring a college consultant who can help prepare them for standardized tests, review personal statements and navigate the world of financial aid and scholarships.

There is little to no overhead as a college consultant. You simply need a computer and a good internet connection. While there are no required certifications, the College Consultant Certification from Heartland Institute can help give you credibility in a competitive market.

You might love going to garage sales and auctions. This hobby can become a business where you buy antiques and then resell them after freshening them up with some paint. You may even work on consignment for clients to limit your cash outlay.

This is a business where you can work from your garage or invest some money and open a storefront. The cost will depend on your location and the size of the store.

If you’re passionate about helping families prepare for the worst-case scenario, then you may be highly fulfilled working as an independent life insurance agent. You’ll work with people to help assess their life insurance needs and find the right type of coverage. You’ll become their main point of contact for sales and service.

To become a life insurance agent, you must pass a state licensing class and a standardized test. Once you do that, you’ll need to get appointed with life insurance companies to offer their products.

A life coach helps people navigate through difficult times in their lives. Coaching may come into play for relationships, parenting or other challenging life transitions. A life coach has a lot of experience and can bring that experience to the table to help people successfully navigate through their troubles and blocks.

While you don’t need a certification to become a life coach, it does help to give you credibility in what you do. A certification may cost you anywhere from $500 to $1,000, depending on where you get it from. The International Coach Federation offers a three-day, accredited program that is $995.

Bottom Line

If you’re ready to start a small business , start with what you’re passionate about and what you already have skills in. You may need a certification or to buy some tools and equipment, but many small businesses can be started for under $1,000 .

How do I start a small business with no money?

There are several funding sources for new businesses and most require a business plan to secure it. These include the SBA , private grants, angel investors, crowdfunding and venture capital.

How can you get money to start a business?

While it takes some work to apply and there’s no guarantee of funding, there are many different types of grants for small businesses available. Competition here can be fierce so make sure you send applications to a variety of sources. Usually, each state has its own programs, but there are also national foundations and organizations that offer grants specifically to minorities . If grants don’t work out, you can always pursue business loans or private investors.

What is the best way to get a business loan?

Online lenders tend to be more flexible than traditional banks, so you may consider shopping around for different rates before applying. Pay close attention to eligibility requirements and repayment terms, and carefully read consumer reviews to gauge the lender’s reputation. Check out our list of the best small business loans to see some of the top lenders.

What is the easiest SBA loan to get?

Small Business Administration (SBA) microloans are the easiest to get because they have little in terms of revenue requirements and are designed for new businesses needing a small amount of capital.

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Kimberlee Leonard has 22 years of experience as a freelance writer. Her work has been featured on US News and World Report, Business.com and Fit Small Business. She brings practical experience as a business owner and insurance agent to her role as a small business writer.

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Blume Ventures, Antler Lead USD 11 Mn Investment in Namma Yatri Creator Moving Tech Moving Tech plans to invest the funds in technology, R&D, and product innovation to empower drivers, integrate public transport, and enhance the customer experience.

By Entrepreneur Staff Jul 16, 2024

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Moving Tech, the creator of community-led mobility apps like Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has raised USD 11 million (INR 92 crore) in a pre-Series A round led by Blume Ventures and Antler, with participation from Google and other investors.

Moving Tech plans to invest the funds in technology, R&D, and product innovation to empower drivers, integrate public transport, and enhance the customer experience. "Through direct-to-driver and multimodal transportation models, Moving Tech aims to increase driver earnings while providing reliable, affordable, seamless, and sustainable mobility solutions for all," the company said in a statement.

Magizhan Selvan and Shan M S, Co-founders of Moving Tech, said, "With our people-first approach, our goal is to build empathetic products and tech that are 10x better. By collaborating with Samaaj (Community), Sarkar (Government), and Bazaar (Business), we aspire to create an impact similar to UPI in India and Linux worldwide. This funding will enable us to innovate and grow further."

In April 2020, Softbank-backed Juspay spun off its mobility business into Moving Tech, now led by Shan M S and Magizhan Selvan.

Moving Tech, originally launched as the Yatri app, debuted Namma Yatri in Bengaluru, Mysuru, Tumkur, and Kochi, and Yatri Saathi in Kolkata. Recently expanding to Chennai, the platform facilitates metro-ticket bookings.

Partnered with Nandan Nilekani's BECKN Foundation and supported by Bengaluru's Auto Rickshaw Drivers' Union, Moving Tech offers an alternative to Ola and Uber, facilitating 46 million trips and generating INR 7 billion in driver earnings across eight cities.

Karthik Reddy, Partner at Blume Ventures, said, "Moving Tech is at the forefront of transforming mobility with a fresh and innovative model. We were amazed by the simplicity of what the tech and a robust product can do to solve mass mobility. We are glad to partner with an exceptional team and back their grand vision."

Fady Abdel-Nour and Nitin Sharma Partners at Antler added, "Namma Yatri's focus on digital public infrastructure (DPI) is pioneering. They are building the mobility of the future—one that is inclusive, efficient, and sustainable."

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How super rich can invest Rs 5 crore in 2023? Sundaram Alternate's Vikaas M Sachdeva explains

In an exclusive interaction with business today, vikaas m sachdeva, managing director, sundaram alternate assets shared his insights on various assets classes along with the strategy which may help uhnis to build their portfolio.

Rahul Oberoi

  • Updated Dec 09, 2022, 2:21 PM IST

In an exclusive interaction with Business Today, Vikaas M Sachdeva, Managing Director, Sundaram Alternate Assets shared his insights on various assets classes along with the strategy which may help UHNIs to build their portfolio

India has one of the fastest-growing segments of ultra-high net worth individuals (UHNIs) in the world. Take this: As India’s per capita income crossed $2,000-mark in 2021, the number of millionaires in dollar terms stood at 7.65 lakh. To juxtapose this with China, the number of millionaires stood at 4.15 lakh in dollar terms in 2008 when China crossed a similar landmark. It has since grown to 52.79 lakh millionaires in 2020, according to the Global Wealth Report 2021.

So, how India’s growing super-rich individuals can invest their money going ahead? In an exclusive interaction with Business Today, Vikaas M Sachdeva, Managing Director, Sundaram Alternate Assets shared his insights on various assets classes along with the strategy which may help UHNIs to build their portfolio. Edited excerpts:

Business Today: How super-rich investors can build a corpus of Rs 5 crore in 2023?

Vikaas M Sachdeva: Ultra HNIs and family offices have a strong centre of gravity towards capital preservation and usually plan investments from a 5 to 7-year point of view. They would do well to stick to a portfolio of high-quality growth companies in the public markets, long-only equity space – either directly or through alternate asset managers who have a track record of at least 10 years in generating alpha. An allocation of 50 to 70 per cent would be ideal.

On the other hand, real estate investment entails larger ticket size than Rs 5 crore and is currently available in a variety of co-investing options like residential and commercial real estate, warehousing, data centres and the like. However, for relatively smaller sums of money, a private credit AIF (alternative investment funds) would be ideal. An allocation of 20 per cent would be perfect for this space. One of the contrarian bets to look at in 2023 could be gold and silver ETFs. The balance could be invested in such vehicles.

Business Today: How AIFs space has evolved over the years?

Vikaas M Sachdeva: UHNI segment is savvy with global trends and wants to partake of them meaningfully. The AIF space allows them to participate in trends like unlisted equity, private credit, hedge funds, real estate and a host of other options in each asset class.

AIFs give this set of investor access to innovation, a like-minded pool of investors and curate products focusing on emerging trends, among other benefits. As a result, commitment amounts in AIFs have increased exponentially over the last few years. CAT III AIF commitments, for example, have seen a 35 times growth in the last 7 years. This is from Rs 2,100 crore to close to Rs 75,000 crore at present, according to Sebi data.

Vikaas M Sachdeva, Managing Director, Sundaram Alternate Assets

Business Today: Can you throw some light on credit opportunity funds? How UHNIs can benefit from the same?

Vikaas M Sachdeva: As India fast tracks beyond being a $5 trillion economy, it needs to add around $2.5 trillion in credit to support this growth. This will not just result in more innovative structures across platforms being created, but will also bring to the fore co-investors from the family office and UHNI fraternity into such deals.

Already, real estate debt, emerging corporate credit, venture debt and other focused opportunities are starting to gain meaningful traction. To reference it globally, private credit forms 15 per cent of global private capital assets under management, according to the EY Private Credit market survey.

At Sundaram Alternates, we have already seen heightened interest and success in the launch of our High Yield Secured Real Estate Funds and Emerging Corporate Credit Fund over the last few years.  

Business Today: What are the risks involved in credit opportunity funds?

Vikaas M Sachdeva: As in any investment avenue, one needs to be mindful of risks like credit risk, interest rate risk, liquidity risk and re-investment risk, among others.

Business Today: Coming to India's equity market which scaled a new all-time high in the first week of December, where are markets headed in 2023?

Vikaas M Sachdeva: We believe that the Nifty at 18-19 times one-year forward valuations, juxtaposed with other global markets at more attractive valuations, will remain range bound for better part of the year. However, investors are likely to be amply rewarded if their focus gets to be sector or stock specific over the next one year. Corporate earnings are expected to make a smart comeback as raw material prices edge down and demand picks up. Typically, this would be a fertile ground for high-quality growth strategies to outperform in the coming year.

Business Today: Where do you see the next set of leaders coming from over the next 12-36 months? Why?

Vikaas M Sachdeva: At a sectoral level, we prefer consumer discretionary -- especially urban-oriented names -- export themes like specialty chemicals as well as retail private banking names. Some specific sub-categories within the financials space which offer sizeable potential for growth like affordable housing, small business loans and vehicle loans are also looking interesting.

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  • Small Business

5 Small Business Ideas to Start This Summer

Published on July 11, 2024

Danielle Antosz

By: Danielle Antosz

Small business writer

  • Your past work and school experience can be turned into a freelance business.
  • Summer is the travel season, so consider offering pet and house-sitting services.
  • Offer seasonal home services, like pool cleaning and power washing.

Starting a business can be the first step toward becoming your own boss, paying off debt, or finding more cash to put in your investment account.

Luckily, not all business ideas require sinking thousands of dollars in equipment or years of training. Here are five business ideas you can start this summer to set yourself up for financial success by fall.

1. Turn past experience into a freelance business

There is a good chance your past jobs or schooling prepared you for a freelance business. For example, in college, I wrote dozens of papers about Mesoamerican art and culture. While I don't write about those topics now, it did prepare me to write for a living. So, think back to the work you did in school or at past jobs and consider how that experience can be turned into a new business venture.

If you were the go-to photographer in your job as a baker, you might have the skills to turn photography into a business. If you were responsible for handling the social posts at your restaurant job, you likely have the skills to become a social media manager. Even experience at the college level, like organizing clubs, can be leveraged into a freelance business.

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2. Offer pet- or house-sitting services

For millions of Americans, summer is travel season. If you don't have any big trips planned, you could start a business taking care of your neighbors' pets or houses while they're gone. This job has almost no start-up costs, especially if you start with people who live close to you.

Use a platform like Facebook or Nextdoor to connect with your neighbors and offer dog walking, cat sitting, and house sitting services. You'll have the flexibility to set your own schedule and rates. If you have experience taking care of less common animals like lizards, birds, or exotic fish, you can likely charge a premium rate.

3. E-book publishing

Writing and publishing e-books is a low-cost way to earn income over time. Rather than offering a one-time service (like pet sitting), an e-book can be sold again and again. Whether you write a non-fiction book about filing business taxes or a murder mystery, you only have to write, edit, and format the book once. Once it's written, upload your book to a site like Kindle, Nook, or Google Play Books, where users can purchase and read your books.

You do need to be realistic about how much you'll earn. Most Kindle books sell for less than $10, so one book is unlikely to earn you thousands of dollars a month. However, if you can write several books in a popular niche (romance and science fiction tend to do well), you can earn a decent amount.

4. Offer online tutoring

Online tutoring allows you to turn your skills into income. Thanks in part to the COVID-19 pandemic, several sites, like Outschool and Brainfuse, now allow you to host classes on any number of topics. You could teach kids how to play Minecraft or the guitar, help high schoolers with algebra, or even offer budgeting advice.

Summer is a perfect time to dive into online tutoring, as many parents are looking for summer camp options. While you obviously can't create a sleepaway camp online, you can offer drawing lessons, share gaming tips, or lead kids through a fun craft.

Class costs vary between $10 and $25 per lesson, and some classes can have 15 or more students. My own children have taken karate, ballet, and reading classes online, so there's really no limit to what you can offer!

5. Home services

This business idea is a bit broader, but there are plenty of opportunities. Taking care of a home is a lot of work, and many people prefer to hire out tasks like leaf raking, cutting the lawn, gutter cleaning, or power washing. Some people even hire someone to clean their yard of pet waste. Spend some time on Facebook or Nextdoor to find out what services your neighbors are looking for and start offering those services.

Just remember to vary your services by season. Summer is an excellent time to offer power washing, pool maintenance, and gutter cleaning, while in the winter, snow removal or holiday light installation and removal might be better options.

Starting a new business is an exciting opportunity, but be strategic. Think about your current skills and pay attention to the demand in your city. Offer services that are in demand in your neighborhood and match your skill set.

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Danielle is a small business and finance industry writer based in Ohio. She writes about tech, finance, and small businesses for The Ascent and other industry publications.

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Jio financial shares jump 2% on getting rbi's nod to become core investment company, on november 21, 2023, jfsl had submitted an application to the rbi for the conversion from a nbfc to a core investment company..

Jio Financial shares jump 2% on getting RBI's nod to become core investment company

Shares of Jio Financial Services Ltd (JFSL), a demerged entity of Reliance Industries (RIL), gained over 2% in opening trade on Friday, in sync with the broader market, a day after the Reserve Bank of India approved the conversion of the company from a non-banking financial company (NBFC) to a core investment company (CIC). On November 21, 2023, JFSL, the country’s third largest listed NBFC after Bajaj Finance and its holding company Bajaj Finserv, had submitted an application to the central bank for granting CIC status.

A CIC is a specialised NBFC with an asset size of more than ₹100 crore whose assets are largely invested in their group companies either in the form of equity, preference shares or convertible bonds or loans. Based on the RBI circular on December 20, 2016, it is supposed to hold not less than 90% of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.

According to the RBI norms, it is mandatory for JFSL to undertake the conversion exercise while changing the shareholding pattern and control of the company following the demerger from parent, RIL, in July 2023.

JFS is a holding company for operating a set of financial services businesses through its subsidiaries Jio Payment Solutions Ltd, Jio Payments Bank and Jio Insurance Broking Ltd, Jio Finance, and Jio Leasing. As a CIC, the company looks to get into the business of retail lending, merchant lending, leasing, payments bank operations, payments solutions and insurance broking. The company has also entered into a joint venture with BlackRock to foray into the asset management business and has sought in-principle approval from SEBI for the same.

As of March 2024, the AUM of JFL was ₹175 crore, majorly consisting of vendor financing which was launched in March 2024. The company plans to launch loans against mutual funds, home loans, loans against property (LAP), roof top solar and enterprise device leasing solutions, which are expected to be announced in FY25.  The medium term plan of the company is to build a secured lending book. On a consolidated basis, JFSL had a sizeable networth of ₹1,39,148 crore as on March 31, 2024. Liquidity was strong with liquid assets of about ₹22,000 crore as on the same date, as per CRISIL report.

Following the announcement, Jio Financial shares rose as much as 2.4% to ₹356.50, while the market capitalisation rose to ₹2.24 lakh crore. Early today, the NBFC stock opened higher at 353.55, against the previous closing price of ₹348.05on the BSE.  The counter hit an all-time high of ₹394.70 on April 23, 2024, while it touched its record low of ₹204.65 on October 23, 2023.

The board of Jio Financial is set to meet on July 15, 2024, to consider and approve financial results for the first quarter ended June 30, 2024. In the March quarter of FY24, the company posted a consolidated net profit of ₹311 crore as compared to ₹294 crore in the December quarter of FY24 and ₹31 crore in the same period last year. For the full financial year 2024, the consolidated profit stood at ₹1,605 crore.  

The consolidated total income climbed to ₹418 crore in Q4 FY24 versus ₹414 crore in Q3 FY24 and ₹44 crore in Q4 FY23. The total income for the fiscal 2024 rose to ₹1,855 crore.  

The company’s net interest income (NII) stood at ₹281 crore for the quarter as compared to ₹269 crore in the December quarter of FY24 and ₹38 crore in the March quarter of FY23. For the full FY24, the NII was at ₹938 crore.

Earlier this month, CRISIL Ratings assigned a ‘AAA/Stable’ rating to JFSL’s non-convertible debentures, while it reaffirmed the ratings on long-term bank facilities and commercial paper at ‘AAA/Stable/CRISIL A1+’. Another rating agency, CARE assigned ‘AAA/Stable’ rating to JFSL’s long term bank facilities and ‘A1+’ to short term bank facilities. 

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)

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Learn Mutual Funds How Can I Save 5 Crore In 10 Years?

How Can I Save 5 Crore In 10 Years?

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I want to retire with enough money to be financially secure. I have calculated that to do this, I need to save Rs. 5 crore in the next 10 years. How can I reach this retirement savings goal by making investments? Arindam

Saving Rs. 5 crore in 10 years is an ambitious target especially considering that this investment will have to be made in addition to your other financial obligations. The first thing you need to consider is the type of investment that can help you reach this retirement saving goal. 

Considering that you have 10 years to reach your goal, investing in  Equity Mutual Funds  is definitely the best option for a chance to secure high returns and reach your retirement savings goal.  

But apart from choosing the right investment, you will also have to be disciplined when making your investments. One way to make disciplined investments in an Equity Mutual Fund over the long term is to start a Systematic Investment Plan (SIP). 

The monthly SIP amount that you will need to invest to reach your retirement savings goal of Rs. 5 crore in 10 years will depend on the returns that you will receive from your investment. However, the returns from Equity Mutual Funds are not guaranteed. Hence you have to consider a few different monthly SIP amounts based on different possible returns as shown in the table below: 

 
Expected Annual Returns 10% 12%14%
Monthly SIP Required₹2.42 lakh₹2.16 lakh₹1.91 lakh

As you can see, for average annual returns of 10%, you will need a monthly  Systematic Investment Plan  of Rs. 2.42 lakh to save Rs. 5 crore in 10 years. While this is a substantial amount, this sizable monthly SIP will give you the best chance of reaching your retirement savings goal.

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Home » Small Business Ideas

  • 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.

Small-Manufacturing-Business-Ideas-under-Rs-10-Lakhs

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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50 comments

Hi sir i’m viswa ,andrapradesh,from kurnool. I’will srach by 10lackhs business with good morgine. Pleade advaise me

How much will it cost to packaged drinking water,how much we have to invest

How much will it cost to start a packaged drinking water factory ( like Bisleri or Kinley) at small scale

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Hello, this is Suresh KP , the founder of this blog. I have written over 2,500 articles on this blog covering various investment options in India. I am a Certified Investment Adviser and a Certified Research Analyst. However, I am NOT a SEBI Registered Investment Advisor . The articles on this blog are created for educational purposes only. Please consult your investment adviser before making any investment decisions.

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5 Indian entrepreneurs who started multi-crore companies with just Rs 20k or less

Their capital may have been small but their dreams were big. and their desire to succeed was even larger. here are their inspiring stories..

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Friday January 10, 2020 , 6 min Read

small businesses

Budding entrepreneurs in India are never short of business ideas but they often lack the funds required to start their own company. 

Access to finance is one of the biggest hurdles to entrepreneurship in India. D&B India research shows, only four percent of small-time entrepreneurs and enterprises have access to a formal source of finance. Further, bank credit to entrepreneurs has been declining.

First-time entrepreneurs have to rely on personal savings or loans from family and friends to start their business. In many cases, the founders are not able to raise more than Rs 20,000.

The capital may be small but the entrepreneurs’ dreams are big. And their desire to succeed is even larger.

Here are five inspiring stories of entrepreneurs who started a business with just Rs 20,000 or less initial investment, and went on to build multi-crore companies:

Rahul Jain - eCraftIndia.com

Rahul Jain, Founder & Business Head, eCraftIndia

Rahul Jain

Rahul Jain, Founder & Business Head, eCraftIndia

Born and raised in Jaipur, Rajasthan, handicrafts always mesmerised Rahul Jain . But when Rahul stepped into a mall in Mumbai, he was shocked at how expensive the Rajasthan handicrafts were priced.  

The experience spurred Rahul to open his own ecommerce company to collaborate with artisans and craftsmen and sell affordable products by cutting out middlemen. In 2014, Rahul and Ankit Agarwal and Pawan Goyal founded eCraftIndia.com with a bootstrapped capital of just Rs 20,000.   

It started as a small online handicraft store and its first product to be sold was a wooden elephant showpiece costing Rs 250. Over the years, it expanded and started onboarding artists from Gujarat, Maharashtra, Karnataka, Madhya Pradesh, Delhi, Uttar Pradesh, and Punjab. eCraftIndia.com also opened its own manufacturing unit.

Today, Rahul’s company has more than 9,000 SKUs in its collection and is currently one of the largest handicraft e-stores in India, clocking Rs 12 crore annual turnover.

Read the full story here.

RS Shanbhag - Valuepoint Systems

RS Shanbhag, Founder, Valuepoint Systems

RS Shanbhag

Before becoming an entrepreneur, RS Shanbhag was just an engineer from a small village. He had Rs 10,000 in his pocket, and he used it to start a small-time systems integration company in 1991. 

The business, named Valuepoint Systems, was set up because Shanbhag wanted to bring jobs to rural people so that they didn’t have to travel or relocate in search of greener pastures.

He started it in Bengaluru but began working in small towns and villages to hire graduates and train them on technologies and services. Valuepoint would set up a center in a village and employ workers, who in turn would deliver on certain projects.

But once the company started riding the IT wave, it began servicing IT infrastructure requirements of large companies. Now, Valuepoint is a leading IT infrastructure service company in South Asia, which services 73 Fortune 500 companies (from a recent listing). The business is expecting a turnover of Rs 600 crore this year.

Puneet Kansal - Rolls Mania

Gagan Sial, Puneet Kansal and Sukhpreet Sial, Founders, Rolls Mania

Rolls Mania

In 2009, 18-year-old Puneet Kansal started Rolls Mania in Pune. He started the kathi roll business with a meagre capital of Rs 20,000 which he borrowed from a friend. He ran a table-sized kiosk outside a restaurant at Magarpatta city, and had just one chef. 

One day, Puneet made friends with some customers: Gagan Sial and Sukhpreet Sial, who were entrepreneurs in the restaurant industry. When they recognised potential in Puneet’s business, they came together with Puneet to register Rolls Mania and open the second outlet in 2010. 

They started slowly scaling up, and on occasions when delivery partners and employees didn’t turn up, the three of them personally delivered food. Rolls Mania became a sensation within just a few years and it was time to take the success countrywide. Puneet opened the doors for franchise models and expanded the company across 30 cities.

Today, Puneet’s company has over 100 outlets across the country, sells around 12,000 rolls each day, and makes Rs 35 crore annual turnover.

Nitin Kapoor - Indian Beautiful Art

Nitin Kapoor, Co-founder, Indian Beautiful Art

Indian Beautiful Art

Nitin Kapoor worked at a private bank and Amit Kapoor worked with eBay when they decided to join hands and start something of their own. They noticed the large volumes of waste generated by the apparel industry. They also saw the industry guzzled precious resources like water.

This inspired them to invest Rs 10,000 and start an ecommerce company that followed the ‘Just in Time’ (JIT) inventory management method. Their company, Indian Beautiful Art , ensured that garments were only manufactured once the customer placed an order. Nitin saw to it that right from printing to dispatching the product, the order was managed within 48 hours and then dispatched with zero wastage of natural resources. 

They sourced products from manufacturers across India in Khambat, Ahmedabad, Jaipur, Meerut, Kolkata, Khurja, Moradabad, Ludhiana, Amritsar, Mumbai, New Delhi, Hyderabad, and Lucknow, to sell in other countries, including the US and the UK.

Today, Indian Beautiful Art is one of the largest online sellers in the ecommerce industry for Indian products globally. It records an annual turnover of Rs 30 crore.

Zubair Rahman  - The Fashion Factory

Zubair Rahman, Founder, The Fashion Factory

zubair rahman

In 2014, electrical engineer Zubair Rahman worked as a CCTV operator in Tirupur, Tamil Nadu. But the 21-year-old dreamed of starting his own business. One day, he got a request to install CCTVs in the office of an ecommerce company. 

He spoke to the manager and understood how the company was making money by sourcing and selling items online. Ecommerce appealed to Zubair as he didn’t have to invest heavily in manufacturing. 

Inspired by this, he invested just Rs 10,000 and started an ecommerce company The Fashion Factory from his home. He sourced textiles from Tirupur and started listing combo packs on Flipkart, and Amazon. 

Selling in combo packs made individual clothing items cheaper than selling them separately. Zubair saw less profit per sale, but his low per-unit prices attracted a lot of attention, and his number of orders quickly shot up.

Zubair’s strategy worked so well that The Fashion Factory now receives 200 to 300 orders per day. He also signed an exclusive deal to sell to Amazon. The Fashion Factory sees yearly revenue of Rs 6.5 crore, and is targeting Rs 12 crore in the next year.

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  • 30 Profitable Business Ideas under 75 Lakhs – 1 Crore (Plant and Machinery Cost) : Start Your Own Industry

Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and  digitized  data bank.

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30 Profitable Business Ideas under 75 Lakhs – 1 Crore (Plant and Machinery Cost) : Start Your Own Industry

Establishing a business may be a rewarding and difficult undertaking, particularly if the industry is right. For prospective business owners wishing to make investments in lucrative sectors, "30 Profitable Business Ideas under 75 Lakhs—1 Crore (Plant and Machinery Cost)" is a great resource. This article offers a long number of business ideas that have all been carefully considered and assessed to make sure they fall within the allocated budget. This article covers a number of industries with significant growth potential, whether you're interested in producing aluminum foil containers, establishing an e-waste recycling facility, or beginning a chicken and broiler farming business. These business ideas meet consumer desires and current market trends in addition to being profitable. Using this resource will enable business owners to make wise decisions and set up.

With job uncertainty increasing by the day, there has been a flurry of start-ups in the recent years. While no start-up is ever guaranteed to succeed, innovative ideas have come to light in the process. Today most large business was once just a small startup and with constant effort and proper business plan, they have grown to a large extent.

Micro, Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant and dynamic sector of the Indian economy and is widely acclaimed as engine of economic growth, particularly in the context of Make in India initiative of the Government of India.

MSMEs play a noteworthy role in economic and social development, thereby providing flip to entrepreneurship, as they have inherent characteristics of being innovative and responsive to changing market dynamics. Being complementary to large industries this sector contributes hugely to the socioeconomic development of the country.

Aluminium Foil Containers

Aluminum foil containers are formed by combining mechanical and air pressure to force light gauge aluminum foil into a shaped die cavity. Esthetically appealing aluminum foil containers are ideal for table-ready service after the container has functioned first as a package and a heating utensil. Aluminum foil containers are used to prepare, freeze, store, transport, cook and serve a variety of foods. Containers made from aluminum foil are the only containers that can be used in all types of ovens: microwave, conventional, convection and broiler.

The global aluminum foils market is expected to grow at a CAGR of 5.5 percent until 2020 to reach 6.4 MMT during the forecasted period. The demand for beverages, which is a major end-user of aluminum foil, is expected to grow at 4 - 5 percent by 2022. However, the economic conditions of major beverage consuming countries are facing difficulties, which is expected to hinder the growth of aluminum foils in the market. The demand for aluminum foils is going to increase in regions such as Brazil, Venezuela, Argentina, and Mexico of which nearly 35 - 40 percent of the market share will be occupied by the packaging industry.

Bleaching Powder

Bleaching Powder is an oxidizing agent and the activity is measured in terms of available chlorine, which is the same weight as that of gaseous or liquid chlorine that would exert the same action as the chlorine compound.

The Global Bleaching Powder Market 2019-2026 Industry Increasing demand for water and wastewater treatment is one of the major factors which are anticipated to drive the demand for bleaching powder during the forecast period. Bleaching powder is a disinfectant widely used in water treatment. It primarily consists of calcium hydroxide, calcium chloride, and calcium hypochlorite.

Instrument Cable

Instrumentation cables are multiple conductor cables that convey low energy electrical signals used for monitoring or controlling electrical power systems and their associated processes. These cables are used in diverse applications within industrial process manufacturing plant for control, communication, data (analog/digital) and voice transmission signals etc.

The global Cable Glands market was valued at $1,763.0 million in 2017, and is projected to reach $2,841.9 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025. A cable gland, also known as sealing gland or strain relief, allows the facilitation of barrier penetration while simultaneously offering sealing protection. It can be used with probes, wires, power, and signaling cables. Cable gland is used for electrical power, control, instrumentation, information, and broadcast communications links.

House wires are available in various types such as Fire retarding/fire retardant cables [FR cables], Fire retardant Low smoke halogen cables [FRLSH cables] and Fire retardant zero halogen cables [FRZH cables].PVC Cables are used for power distribution in all types of electrical wiring, control cables, House cables and Telephone cables. With the development of industrial sector and with increase in power generation the demand of the cable is going to be more.

India insulated wire and cable market is forecast to grow at a CAGR of 10.3% through 2023, predominantly on account of growing government investments towards infrastructure development projects. Development of Smart Cities across the country under Smart Cities Mission coupled with increasing number of electronic devices per household and development of manufacturing industries under the ‘Make in India’ initiative, which is driving demand for power, are expected to boost market demand in the coming years.

Hybrid Electric Scooter Assembling

A plug-in hybrid electric vehicle (PHEV) is an HEV that can be plugged-in or recharged from wall electricity. PHEVs are distinguished by much larger battery packs when compared to other HEVs. The size of the battery defines the vehicle’s All Electric Range (AER), which is generally in the range of 30 to 50 miles. PHEVs can be of any hybrid configuration. PHEVs start in ‘all electric’ mode, runs on electricity and when the batteries are low in charge.

India electric scooters and motorcycles market size valued at $24.6 million in 2016, it is expected to grow at a CAGR of 45.4% during 2017- 2025.Some 4,50,000 electric two-wheelers were sold in India in the past eight years.

Lead Production (Litharge, Refined Lead, Red Lead & Grey Lead)

Lead is a relatively soft metal with bluish-white lusture but on exposure to air, it becomes covered by a dull, gray layer of basic carbonate that adheres closely and protects it from further oxidation or corrosion. It is an important component of batteries, and about 75% of the world's lead production is consumed by the battery industry. Lead is also commonly used in glass and enamel.

India Lead Acid Battery Market is projected to grow at a CAGR of over 9% during 2018-24.India lead acid battery market is projected to reach $ 7.6 billion by 2023. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. Entrepreneurs who invest in this project will be successful.

E-Waste Recycling Plant

E-WASTE is a collective name for discarded electronic devices that enter the waste stream from various sources. It includes electronic appliances such as televisions, personal computers, telephones, air conditioners, cell phones, electronic toys, etc.The Electronics Recycling operates to the WEEE directive for efficient electronics disposal. The WEEE Directive aims to reduce the quantity of waste from electrical and electronic equipment and increase its re-use, recovery and recycling.

India’s ‘production’ of e-waste is likely to increase by nearly three times, from the existing 18 lakh metric tons (MT) to 52 lakh MT) per annum by 2020 at a compound annual growth rate (CAGR) of about 30%.

Organic Fertilizer from Solid Waste

Organic fertilizers do, indeed, have valuable properties as soil amendments. In particular, their humus content enhances the efficiency of mineral fertilizer, improves soil structure, increases water retention by soil, and decreases soil erosion. All the nutrient elements are prevent to some extent in soil or other natural materials in forms useful for the plants but, with the frequent exception of micro-nutrients such supply in generally not adequate for sustained aid economic production of crops.

The demand for fertilisers is divisible into three nutrients: nitrogen (N), phosphates (P2O5) and potash (K). Potash is used in the mineral form and is mainly imported for India's fertiliser requirements. Some plants produce only nitrogenous fertilisers, a few phosphatic and others mixed.

Biofertilizer (Granules)

Organic fertilizers do, indeed, have valuable properties as soil amendments. In particular, their humus content enhances the efficiency of mineral fertilizer, improves soil structure, increases water retention by soil, and decreases soil erosion. Organic substance which have a very low nitrogen content or a high C/N ratio, can give rise temporarily to nitrogen deficiency in plant and consequently reduce the yield. All the nutrient elements are prevent to some extent in soil or other natural materials in forms useful for the plants but, with the frequent exception of micro-nutrients such supply in generally not adequate for sustained aid economic production of crops.

The demand for fertilisers is divisible into three nutrients: nitrogen (N), phosphates (P2O5) and potash (K). Potash is used in the mineral form and is mainly imported for India's fertiliser requirements.

Steel Hinges & Tower Bolts

Hinges are devices that are made out of two symmetrical or none symmetrical sheet metal pieces pivot joined together with wire rod for free swinging of the two parts and are used to support doors or windows of buildings and furniture allowing a swing about the support frames. Tower Bolt is a rod-shaped bolt for fastening a door or the like, attached to one side of the door at the edge and sliding into a cylindrical casing on the frame of the opening. These may be ferrous or non-ferrous.

The growth of this industry is directly linked with the growth of housing construction, ship building industry, automobiles and railways etc.

Lithium Ion Battery (Battery Assembly)

Lithium batteries are now powering a wide range of electrical and electronical devices, including laptop computers, mobile phones, power tools, telecommunication systems and new generations of electric cars and vehicles. Lithium ion batteries are those that can be recharged. As an example, laptop or cell phone is likely to have a lithium ion battery.

The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. The Indian automobile sector is one of the most prominent sectors of the country, accounting for nearly 7.1% of the national GDP.

Water Soluble Fertilizer Blends for Drip Irrigation Systems

A water soluble fertilizer is a compound that dissolves easily in water and provides nutrients for plants. This type of fertilizer may then be absorbed quickly and completely by the plant root system. It is typically used entirely by the plant and washes out of the soil without leaving behind an excess of unused nutrients or toxins. With water soluble fertilizers it is easy to control the precise amount of nutrients available to plants.

India water soluble fertilizers market stood at around $ 185 million in 2016 and is projected to grow at a CAGR of over 6% to surpass $ 356 million by 2027, on account of increasing popularity of complex water-soluble fertilizers and micronutrients in horticulture and ornamental crops.

Poultry and Broiler Farming

Poultry farming is the raising of domesticated birds such as chickens, turkeys, ducks, and geese, for the purpose of farming meat or eggs for food. Poultry are farmed in great numbers with chickens being the most numerous. Poultry meat is an important source of high quality proteins, minerals and vitamins to balance the human diet. Specially developed varieties of chicken (broilers) are now available with the traits of quick growth and high feed conversion efficiency.

Indian poultry sector has been growing at around 8-10% annually over the last decade with broiler meat volumes growing at more than 10% while table egg at 5-6% driven by increased domestic consumption.

Tungsten Carbide Rod

Tungsten carbide (WC) is an inorganic chemical compound containing equal parts of tungsten and carbon atoms. In its most basic form, it is a fine gray powder, but it can be pressed and formed into shapes for use in industrial machinery, tools, abrasives, as well as. Tungsten carbide is approximately three times stiffer than steel, and is much denser than steel or titanium. Tungsten Carbide Hard Metals are primarily produced using a Powder Metallurgy process. Tungsten carbide rods, commonly used to make drill bits, PCB board micro-drill, mold thimble, die top etc.

The global tungsten carbide market, by value, is estimated to witness growth at a CAGR of 4.4% over the period 2016 to 2022.

Plastic Battery Containers

Battery containers made of molded plastic generally have internal partitions formed as integral parts of the bottom and side walls of the container and extending all the way to the top edge of the container to prevent the leakage of liquid between adjacent cells. These containers are usually formed as unitary structures in a single molding operation.

The container is the outer part of a lead acid battery which hold down all the components of a lead acid battery together. The container of a lead acid battery is to be resistant to sulfuric acid and should not deform or become porous or contain impurities which might deteriorate the electrolyte.

PVC Wires and Cables

Cables are the source of carrying power and signal in power plants, refineries, process industries. PVC cables are extensively used for domestic home appliances wiring, house wiring and internal wiring for lighting circuits in factories, power supply for office automation, in control, instrumentation, submarine etc. PVC and polyethylene are the two main polymer types used for wire and cable insulation.

Revenues from the wires and cables industry in the India are expected to expand to INR ~ million in FY’2019 growing with a CAGR of 18.5% from FY’2014-FY’2019.The electric wire and cable market in India to grow at a CAGR of 16.18% over the period 2015-2019.

Gum arabic is a complex mixture of macromolecules of different size and composition (mainly carbohydrates and proteins).Gum Arabic, also known as Gum Acacia, is a natural gum harvested from the exterior of Acacia trees in the form of dry, hard nodules up to 50 mm in diameter, and ranging from almost colourless to brown. Its unique properties endow it with a wide range of uses in food, beverage, pharmaceutical and industrial applications.

The growth of the global market is driven by the rising income levels, multiple functionalities of gum arabic in the food & beverages industry, and the rising awareness regarding the medicinal benefits of gum arabic.

Banana, Onion, Orange and Tomato Powder

The fruit & vegetable powders are specialized foods that have extremely high concentration of vitamins, minerals and phytonutrients. They make a great addition to smoothies and other recipes. Dehydrated vegetable and fruit powders are more practical than their fresh counterparts for food manufacturing. They have a longer shelf life and some powders like are packed with essential vitamins and minerals. While powders are high in demand, the problem is that most of them exist with bland flavors and colors. This is extraction, processing, and storage.

Onion powder is considered to offer enhanced taste and better texture owing to which it has become an essential ingredient in a number of applications in the food industry.

Plastic Waste Recycling Plant

Plastics are made from limited resources such as petroleum, and huge advances are being made in the development of technologies to recycle plastic waste among other resources. Mechanical recycling methods to make plastic products and feedstock recycling methods that use plastic as a raw material in the chemical industry have been widely adopted, and awareness has also grown recently of the importance of Thermal recycling as a means of using plastics as an energy source to conserve petroleum resources. Recycling plastics has many benefit, it contributes to energy savings and the reduction of greenhouse gas emissions. It also saves non-renewable sources like oil and gas. Bottles made of polyethylene terephthalate (PET, sometimes PETE) can be "recycled" to reuse the material out of which they are made and to reduce the amount of waste going into landfills.

Fish and Prawn Feed

The production of fish meal from fish offal and surplus fish benefits both the national economy and the fisherman and should not be regarded as a salvage operation. If the raw material is of an only nature, for example herrings, fish oil is recovered as an additional product and finds a variety of outlets, much of it going, after suitable refining treatment, into edible fat mixtures. Prawns (shrimps) are produced from the sea, estuaries, brackish water lakes and fresh water areas, both by fishing as well as by farming. Prawn farming is nothing but culture of prawn in an enclosed water body. There are several varieties of shrimps and only four of them are considered to be viable for farming at present in India.

Fish farmers in India have increased access to high-quality feed this year, as Cargill has opened its first feed plant dedicated to fish species in the country.

Bordeaux GP Red B

Dyestuff is a general industry term covering both dyes and pigments in terms of chemistry, reactions and properties. Dyes are intensely coloured organic compounds or mixtures used for imparting colour to the substrates ranging from cloth, paper, and leather to plastics in a permanent fashion. Fast Bordeaux GP base (2-nitro 4-methoxy aniline) is an intermediate dye used for yarn dyeing as raw material for pigments and for printing of cotton. Dyestuffs have been classified in different categories based on the criteria like the colour, origin (natural or synthetic), chemical structure or constitution, applications and method of application.

There are several types of dyes, however in India disperse, reactive and direct dyes are most commonly used. Pigments are insoluble substances and could either be in powdered or granular form.

Aluminium Ingot from Aluminium Scrap

Ingots are very large casting products, greater in size and shape than blooms, billets and slabs. Ingot generally has rectangular/square cross section, but it is not necessary that it should be uniform throughout its length. (Ingot may have variable cross section.). Aluminium Alloy Ingots like LM-2, LM-4, LM-6 which are commonly used in Gravity and Sand Casting, Pressure Die Casting Alloys like LM-13, LM-14, LM-24, ADC-12, ALSI-132 etc.

Aluminium consumption in India was dominated by the power (39%), automobiles 5 (23%) and construction (15%) sectors. Demand for aluminium is likely to rise 7-8% in 2015- 16 and 2016-17, as demand from key end-user sectors increase.

Wood Pellets from Saw Dust

In general, any biomass is suitable as raw material for pelletizing. Currently woody biomass is the predominant raw material for fuel pellet production. The main constituents of wood are the elements carbon (C), hydrogen (H) and oxygen (O). Other important elements are nitrogen (N), sulfur (S), magnesium (Mg), chlorine (Cl) and potassium (K) which are present in varying amounts. The density of logged wood is between 400-750 kg/m3. The ash content is around 1% or less but is strongly dependent on bark and needle portion as well as the level of secondary contamination like adhering soil. Pelletizing of hardwood is more difficult and requires the adaption of the pelletizing process.

Thus, softwood is most commonly used with spruce, fir and pine being the most common woody raw materials. Wood has been used for heating and fuel purposes for thousands of years.

Ready Mix Concrete with Concrete Blocks

Ready mix concrete has advantages in the area where immediate requirement of concrete mixture like in the preparation of bridge overhead roads on or the road construction. In India there is a hope to get good scope of RMC within short period. The batching, mixing, transportation, placing, compaction, finishing and curing are very complimentary operations to obtain desired good quality concrete. The good quality concrete is a homogeneous mixture of water, cement, aggregates and other admixtures. Concrete blocks for building houses were first made in Europe around 1850. The mass-production of concrete blocks under way in step with the development of the cement industry chiefly in Western Countries around 1918.These include crushed stone, gravel, sand coral, volcanic cinders, slag, foamed slag, furnace clinker etc.

Power Transformer

A transformer is a device that transfers electrical energy from one circuit to another through inductively coupled conductors—the transformer's coils. If a load is connected to the secondary, current will flow in the secondary winding, and electrical energy will be transferred from the primary circuit through the transformer to the load. Transformers range in size from a thumbnail-sized coupling transformer hidden inside a stage microphone to huge units weighing hundreds of tons used to interconnect portions of power grids. A transformer is a device for transferring energy in a system from one circuit to another. It consists of two independent electric circuits linked with a common magnetic circuit. This energy at low voltage may be transformed to energy at high Voltage, or vice versa.

The global power transformers market was estimated to be 11,352 units in 2013 and is expected to reach 16,994 units by 2020, at a CAGR of 5.9% from 2014 to 2020.

LPG Cylinders (Domestic and Commercial)

LPG Cylinder is an essential item for filling liquefied petroleum gas used for cooking purpose. The body of LPG cylinder is deep drawn in two pieces then these are welded together to make a compact unit without any leak and defect etc. LPG cylinders are in use in 5 Kg., 12 Kg., 14.2 Kg. & 19 Kg. capacities. While all the cylinders are spray-painted with a signal red color. BPC cylinders have yellow ring around the bung. HPC cylinders in blue ring and IOC cylinder are fully red. In case of 19 Kg. cylinders the top is painted olive green. The cylinders carry their complete history with regard to their serial number, Tare/Gross weight, water capacity, ISE monogram test date, manufacturer identification and year of manufacturing. For domestic use, cylinders typically will have capacities ranging from 4kg to 15kg whereas for commercial and industrial use, these will range from 45kg to 50kg.

Dehydrated Onion

Onion is one of the most important commercial vegetable crops grown in India. It contains vitamin B and a trace of vitamin C and also traces of iron and calcium. All onions for processing are grown from specific varieties best suited for dehydration. The main advantages of dehydrated onions are that they are easy to store, being lighter in weight and smaller in bulk than fresh or other processed onions. They are cheap to pack compared with canned goods.

There are different types of dehydrated onion in the market. Dehydrated onions are used chiefly as a constituent in various food products i.e. they are sold to manufacturing concerns as an industrial raw material and demand for dehydrated onions is a function of the demand of these food products.

Button Mushroom Cultivation

Button Mushroom is the most popular mushroom variety grown and consumed the world over. In India, its production earlier was limited to the winter season, but with technology development, these are produced almost throughout the year in small, medium and large farms, adopting different levels of technology. In the last ten years, large numbers of commercials units have been built by the entrepreneurs/ farmers throughout the country for the production of button mushrooms.

However, commercial production of white button mushroom was initiated in the hilly regions of the country (17- 18°C) like Chail (Himachal Pradesh) Kashmir and Ooty (Tamil Nadu).

Spices (Masala)

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. They impart aroma, color and taste to food preparations. The volatile oils from spices give the aroma and the oleoresins impart the taste.

India is the largest producer, consumer and exporter of spices and spice products in the world and produces more than 50 spices. India is also a big exporter of Chilli, turmeric, cumin, pepper and many other spices. There are a number of masalas with various ingredients.

Herbal Wine

Wine is an alcoholic beverage made from fermented grapes, generally Vitisvinifera or its hybrids with Vitislabrusca or Vitisrupestris. Grapes ferment without the addition of sugars, acids, enzymes, water, or other nutrients as yeast consumes the sugar in the grapes and converts it to ethanol and carbon dioxide. Different varieties of grapes and strains of yeasts produce different styles of wine.

There are also wines made from fermenting other fruits or cereals, whose names often specify their base, with some having specific names. Wines made from plants other than grapes include rice wine and various fruit wines such as those made from plums or cherries.

Frequently Asked Questions:

What are some of the most profitable business ideas under 75 lakhs to 1 crore (plant and machinery cost)?

The creation of organic fertilizer from solid waste, the establishment of an e-waste recycling facility, the fabrication of aluminum foil containers, and the raising of chickens and broilers are some of the most lucrative business ventures for less than 75 lakhs to one crore.

How can I start a business under 75 lakhs (1 crore) in India?

In order to start a business in India for less than 75 lakhs to one crore, you must first choose a lucrative business idea, carry out market research, draft a thorough business plan, obtain funding, and make sure all local laws are followed.

Why should I consider investing in a business under 75 lakhs—one crore?

You can take advantage of government incentives for MSMEs (micro, small, and medium enterprises), avoid financial risk, and capitalize on high-growth industries by investing in a business under 75 lakhs to one crore.

What factors should I consider when choosing a business idea under 75 lakhs to 1 crore?

Think about market demand, profit margins, scalability, initial investment, and compatibility with your interests and abilities when selecting a business idea under 75 lakhs to 1 crore.

How can "30 Profitable Business Ideas under 75 Lakhs—1 Crore (Plant and Machinery Cost)" help me start my own industry?

"30 Profitable Business Ideas under 75 Lakhs—1 Crore (Plant and Machinery Cost)" provides a curated list of viable business ideas, detailed industry insights, and practical guidance on setting up and running a successful business within the specified budget range.

Information

  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

best business ideas with 5 crore investment

NIIR Project Consultancy Services (NPCS) is a renowned name in the industrial world, offering integrated technical consultancy services. Our team consists of engineers, planners, specialists, financial experts, economic analysts, and design specialists with extensive experience in their respective industries. We provide a range of services, including Detailed Project Reports, Business Plans for Manufacturing Plants, Start-up Ideas, Business Ideas for Entrepreneurs, and Start-up Business Opportunities. Our consultancy covers various domains such as industry trends, market research, manufacturing processes, machinery, raw materials, project reports, cost and revenue analysis, pre-feasibility studies for profitable manufacturing businesses, and project identification.

Our Services

At NPCS, we offer a comprehensive suite of services to help entrepreneurs and businesses succeed. Our key services include:

  • Detailed Project Report (DPR) : We provide in-depth project reports that cover every aspect of a project, from feasibility studies to financial projections.
  • Business Plan for Manufacturing Plant : We assist in creating robust business plans tailored to manufacturing plants, ensuring a clear path to success.
  • Start-up Ideas and Business Opportunities : Our team helps identify profitable business ideas and opportunities for startups.
  • Market Research and Industry Trends : We conduct thorough market research and analyze industry trends to provide actionable insights.
  • Manufacturing Process and Machinery : We offer detailed information on manufacturing processes and the machinery required for various industries.
  • Raw Materials and Supply Chain : Our reports include comprehensive details on raw materials and supply chain management.
  • Cost and Revenue Analysis : We provide detailed cost and revenue analysis to help businesses understand their financial dynamics.
  • Project Feasibility and Market Study : Our feasibility studies and market assessments help in making informed investment decisions.
  • Technical and Commercial Counseling : We offer technical and commercial counseling for setting up new industrial projects and identifying the most profitable small-scale business opportunities.

Publications

NPCS also publishes a variety of books and reports that serve as valuable resources for entrepreneurs, manufacturers, industrialists, and professionals. Our publications include:

  • Process Technology Books : Detailed guides on various manufacturing processes.
  • Technical Reference Books : Comprehensive reference materials for industrial processes.
  • Self-Employment and Start-up Books : Guides for starting and running small businesses.
  • Industry Directories and Databases : Extensive directories and databases of businesses and industries.
  • Market Research Reports : In-depth market research reports on various industries.
  • Bankable Detailed Project Reports : Detailed project reports that are useful for securing financing and investments.

Our Approach

Our approach is centered around providing reliable and exhaustive information to help entrepreneurs make sound business decisions. We use a combination of primary and secondary research, cross-validated through industry interactions, to ensure accuracy and reliability. Our reports are designed to cover all critical aspects, including:

  • Introduction and Project Overview : An introduction to the project, including objectives, strategy, product history, properties, and applications.
  • Market Study and Assessment : Analysis of the current market scenario, demand and supply, future market potential, import and export statistics, and market opportunities.
  • Raw Material Requirements : Detailed information on raw materials, their properties, quality standards, and suppliers.
  • Personnel Requirements : Information on the manpower needed, including skilled and unskilled labor, managerial, technical, office staff, and marketing personnel.
  • Plant and Machinery : A comprehensive list of the machinery and equipment required, along with suppliers and manufacturers.
  • Manufacturing Process and Formulations : Detailed descriptions of the manufacturing process, including formulations, packaging, and process flow diagrams.
  • Infrastructure and Utilities : Requirements for land, building, utilities, and infrastructure, along with construction schedules and plant layouts.

Financial Details and Analysis

Our reports include detailed financial projections and analysis to help entrepreneurs understand the financial viability of their projects. Key financial details covered in our reports include:

  • Assumptions for Profitability Workings : Assumptions used in calculating profitability.
  • Plant Economics : Analysis of the economics of the plant, including production schedules and land and building costs.
  • Production Schedule : Detailed production schedules and timelines.
  • Capital Requirements : Breakdown of capital requirements, including plant and machinery costs, fixed assets, and working capital.
  • Overheads and Operating Expenses : Analysis of overheads and operating expenses, including utilities, salaries, and other costs.
  • Revenue and Profit Projections : Detailed revenue and profit projections, including turnover and profitability ratios.
  • Break-Even Analysis : Analysis of the break-even point, including variable and fixed costs, and profit volume ratios.

Reasons to Choose NPCS

There are several reasons why entrepreneurs and businesses choose NPCS for their consultancy needs:

  • Expertise and Experience : Our team has extensive experience and expertise in various industries, ensuring reliable and accurate consultancy services.
  • Comprehensive Reports : Our reports cover all critical aspects of a project, providing entrepreneurs with the information they need to make informed decisions.
  • Market Insights : We provide detailed market insights and analysis, helping businesses understand market dynamics and opportunities.
  • Technical and Commercial Guidance : We offer both technical and commercial guidance, helping businesses navigate the complexities of setting up and running industrial projects.
  • Tailored Solutions : Our services are tailored to meet the specific needs of each client, ensuring personalized and effective consultancy.

Market Survey cum Detailed Techno Economic Feasibility Report

Our Market Survey cum Detailed Techno Economic Feasibility Report includes the following information:

  • Project Introduction : An overview of the project, including objectives and strategy.
  • Project Objective and Strategy : Detailed information on the project's objectives and strategic approach.
  • History of the Product : A concise history of the product, including its development and evolution.
  • Product Properties and Specifications : Detailed information on the properties and specifications of the product, including BIS (Bureau of Indian Standards) provisions.
  • Uses and Applications : Information on the uses and applications of the product.

Market Study and Assessment

  • Current Indian Market Scenario : Analysis of the current market scenario in India.
  • Market Demand and Supply : Information on the present market demand and supply.
  • Future Market Demand and Forecast : Estimates of future market demand and forecasts.
  • Import and Export Statistics : Data on import and export statistics.
  • Market Opportunity : Identification of market opportunities.

Raw Material Requirements

  • List of Raw Materials : Detailed list of raw materials required.
  • Properties of Raw Materials : Information on the properties of raw materials.
  • Quality Standards : Quality standards and specifications for raw materials.
  • Suppliers and Manufacturers : List of suppliers and manufacturers of raw materials.

Personnel Requirements

  • Staff and Labor Requirements : Information on the requirement of staff and labor, including skilled and unskilled workers.
  • Managerial and Technical Staff : Details on the requirement of managerial and technical staff.
  • Office and Marketing Personnel : Information on the requirement of office and marketing personnel.

Plant and Machinery

  • List of Plant and Machinery : Comprehensive list of the plant and machinery required.
  • Miscellaneous Items and Equipment : Information on miscellaneous items and equipment.
  • Laboratory Equipment and Accessories : Details on laboratory equipment and accessories required.
  • Electrification and Utilities : Information on electrification and utility requirements.
  • Maintenance Costs : Details on maintenance costs.
  • Suppliers and Manufacturers : List of suppliers and manufacturers of plant and machinery.

Manufacturing Process and Formulations

  • Manufacturing Process : Detailed description of the manufacturing process, including formulations.
  • Packaging Requirements : Information on packaging requirements.
  • Process Flow Diagrams : Process flow diagrams illustrating the manufacturing process.

Infrastructure and Utilities

  • Project Location : Information on the project location.
  • Land Area Requirements : Details on the requirement of land area.
  • Land Rates : Information on land rates.
  • Built-Up Area : Details on the built-up area required.
  • Construction Schedule : Information on the construction schedule.
  • Plant Layout : Details on the plant layout and utility requirements.

Project at a Glance

Our reports provide a snapshot of the project, including:

  • Assumptions for Profitability Workings : Assumptions used in profitability calculations.
  • Plant Economics : Analysis of the plant's economics.
  • Production Schedule : Detailed production schedules.
  • Capital Requirements : Breakdown of capital requirements.
  • Overheads and Operating Expenses : Analysis of overheads and operating expenses.
  • Revenue and Profit Projections : Detailed revenue and profit projections.
  • Break-Even Analysis : Analysis of the break-even point.

Our reports include several annexures that provide detailed financial and operational information:

  • Annexure 1: Cost of Project and Means of Finance : Breakdown of the project cost and financing means.
  • Annexure 2: Profitability and Net Cash Accruals : Analysis of profitability and net cash accruals.
  • Annexure 3: Working Capital Requirements : Details on working capital requirements.
  • Annexure 4: Sources and Disposition of Funds : Information on the sources and disposition of funds.
  • Annexure 5: Projected Balance Sheets : Projected balance sheets and financial ratios.
  • Annexure 6: Profitability Ratios : Analysis of profitability ratios.
  • Annexure 7: Break-Even Analysis : Detailed break-even analysis.
  • Annexures 8 to 11: Sensitivity Analysis : Sensitivity analysis for various financial parameters.
  • Annexure 12: Shareholding Pattern and Stake Status : Information on the shareholding pattern and stake status.
  • Annexure 13: Quantitative Details - Output/Sales/Stocks : Detailed information on the output, sales, and stocks, including the capacity of products/services, efficiency/yield percentages, and expected revenue.
  • Annexure 14: Product-Wise Domestic Sales Realization : Detailed analysis of domestic sales realization for each product.
  • Annexure 15: Total Raw Material Cost : Breakdown of the total cost of raw materials required for the project.
  • Annexure 16: Raw Material Cost Per Unit : Detailed cost analysis of raw materials per unit.
  • Annexure 17: Total Lab & ETP Chemical Cost : Analysis of laboratory and effluent treatment plant chemical costs.
  • Annexure 18: Consumables, Store, etc. : Details on the cost of consumables and store items.
  • Annexure 19: Packing Material Cost : Analysis of the total cost of packing materials.
  • Annexure 20: Packing Material Cost Per Unit : Detailed cost analysis of packing materials per unit.
  • Annexure 21: Employees Expenses : Comprehensive details on employee expenses, including salaries and wages.
  • Annexure 22: Fuel Expenses : Analysis of fuel expenses required for the project.
  • Annexure 23: Power/Electricity Expenses : Detailed breakdown of power and electricity expenses.
  • Annexure 24: Royalty & Other Charges : Information on royalty and other charges applicable to the project.
  • Annexure 25: Repairs & Maintenance Expenses : Analysis of repair and maintenance costs.
  • Annexure 26: Other Manufacturing Expenses : Detailed information on other manufacturing expenses.
  • Annexure 27: Administration Expenses : Breakdown of administration expenses.
  • Annexure 28: Selling Expenses : Analysis of selling expenses.
  • Annexure 29: Depreciation Charges – as per Books (Total) : Detailed depreciation charges as per books.
  • Annexure 30: Depreciation Charges – as per Books (P&M) : Depreciation charges for plant and machinery as per books.
  • Annexure 31: Depreciation Charges - As per IT Act WDV (Total) : Depreciation charges as per the Income Tax Act written down value (total).
  • Annexure 32: Depreciation Charges - As per IT Act WDV (P&M) : Depreciation charges for plant and machinery as per the Income Tax Act written down value.
  • Annexure 33: Interest and Repayment - Term Loans : Detailed analysis of interest and repayment schedules for term loans.
  • Annexure 34: Tax on Profits : Information on taxes applicable on profits.
  • Annexure 35: Projected Pay-Back Period and IRR : Analysis of the projected pay-back period and internal rate of return (IRR).

Why Choose NPCS?

Choosing NPCS for your project consultancy needs offers several advantages:

  • Comprehensive Analysis : Our reports provide a thorough analysis of all aspects of a project, helping you make informed decisions.
  • Expert Guidance : Our team of experts offers guidance on technical, commercial, and financial aspects of your project.
  • Reliable Information : We use reliable sources of information and databases to ensure the accuracy of our reports.
  • Customized Solutions : We offer customized solutions tailored to the specific needs of each client.
  • Market Insights : Our market research and analysis provide valuable insights into market trends and opportunities.
  • Technical Support : We offer ongoing technical support to help you successfully implement your project.

Testimonials

Don't just take our word for it. Here's what some of our satisfied clients have to say about NPCS:

  • John Doe, CEO of Manufacturing : "NPCS provided us with a comprehensive project report that covered all aspects of our manufacturing plant. Their insights and guidance were invaluable in helping us make informed decisions."
  • Jane Smith, Entrepreneur : "As a startup, we were looking for reliable information and support. NPCS's detailed reports and expert advice helped us navigate the complexities of setting up our business."
  • Rajesh Kumar, Industrialist : "NPCS's market research and feasibility studies were instrumental in helping us identify profitable business opportunities. Their reports are thorough and well-researched."

We have helped numerous clients achieve their business objectives through our comprehensive consultancy services. Here are a few case studies highlighting our successful projects:

  • Case Study 1 : A leading manufacturer approached NPCS for setting up a new production line. Our detailed project report and market analysis helped them secure financing and successfully implement the project.
  • Case Study 2 : A startup in the renewable energy sector needed a feasibility study for their new venture. NPCS provided a detailed analysis of market potential, raw material availability, and financial projections, helping the startup make informed decisions and attract investors.
  • Case Study 3 : An established company looking to diversify into new product lines sought our consultancy services. Our comprehensive project report covered all aspects of the new venture, including manufacturing processes, machinery requirements, and market analysis, leading to a successful launch.

Here are some frequently asked questions about our services:

What is a Detailed Project Report (DPR)?

A Detailed Project Report (DPR) is an in-depth report that covers all aspects of a project, including feasibility studies, market analysis, financial projections, manufacturing processes, and more.

How can NPCS help my startup?

NPCS provides a range of services tailored to startups, including business ideas, market research, feasibility studies, and detailed project reports. We help startups identify profitable opportunities and provide the support needed to successfully launch and grow their businesses.

What industries do you cover?

We cover a wide range of industries, including manufacturing, renewable energy, agrochemicals, pharmaceuticals, textiles, food processing, and more. Our expertise spans across various sectors, providing comprehensive consultancy services.

How do I get started with NPCS?

To get started with NPCS, simply contact us through our website, email, or phone. Our team will discuss your requirements and provide the necessary guidance and support to help you achieve your business goals.

Our Mission and Vision

Mission : Our mission is to provide comprehensive and reliable consultancy services that help entrepreneurs and businesses achieve their goals. We strive to deliver high-quality reports and support that enable our clients to make informed decisions and succeed in their ventures.

Vision : Our vision is to be the leading consultancy service provider in the industry, known for our expertise, reliability, and commitment to client success. We aim to continuously innovate and improve our services to meet the evolving needs of our clients and the industry.

NIIR Project Consultancy Services (NPCS) is your trusted partner for all your project consultancy needs. With our extensive experience, expertise, and commitment to excellence, we provide the support and guidance you need to succeed. Whether you are starting a new business, expanding your operations, or exploring new opportunities, NPCS is here to help you every step of the way. Contact us today to learn more about our services and how we can help you achieve your business goals.

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The Economic Times

Ten enterprise ideas that yielded over Rs 100 crore turnover

Ten enterprise ideas that yielded over Rs 100 crore turnover

ET Bureau It's best to dream big, because...hey! What if it comes true? Who says you need to be born with a silver spoon to make it big in life? Various parts of the country teem with examples of people who have followed their entrepreneurial dreams, made the best of available resources and now boast of enterprises that have over Rs 100 crore turnover. Amongst the many such cases, we bring to you the first person account of ten such interesting enterprises:

Kailash Katkar's Rs 187 crore anti-virus software business

Kailash Katkar's Rs 187 crore anti-virus software business

I wasn't interested in studies, had no special skills, only a small repair business... These may not be the right qualifications for being an entrepreneur, but it has turned out well for me. Twenty-two years after I started, I am the chairman and CEO of a Rs 187 crore business, Quick Heal Technologies. In 1985, having barely managed to complete my matriculation, I took up a job at a local radio and calculator repair shop as I needed to supplement the family income. In 1990, I felt confident enough to start my own calculator repair business with a seed capital of Rs 15,000. In 1993, I finally started a new venture, CAT Computer Services, while continuing with the repair business. I managed to generate a turnover of Rs 1 lakh in 1993-94. Around this time, my younger brother, Sanjay, began writing software programs. On my insistence, he started developing a basic model of antivirus software for us. I started using the software - we called it Quick Heal - for my customers and sold it to other vendors for a fee of Rs 700. Today, the company employs 610 people and has 23 offices in India. We also have a presence in nearly 50 countries across the globe. The sky is truly the limit for us.

Steelbird Hi Tech: Subhash Kapur's Rs 150 crore empire from helmets

Steelbird Hi Tech: Subhash Kapur's Rs 150 crore empire from helmets

In the 1960s, a person died in a road accident in India every five minutes, and I recognised the crucial role helmets could play in lowering this statistic. I was involved in family business—trading vehicle oil filters—having joined immediately after completing my matriculation from Delhi University, in 1959. However, I was ready to branch out on my own by tapping this new opportunity. So, I decided to manufacture helmets. I started research on the product in 1971, even imported a helmet from Germany to understand how it was made. Two years later, I was ready to launch my company with a seed capital of Rs 2 lakh. Our first product was Mayur, an open-face helmet. In 1992, I registered a new company, Steelbird Hi Tech India Limited, and shifted the entire business to it. Today, our 900-employee company comprises several factories and a footprint in nearly 130 countries. Practically 50% of our Rs 150 crore annual business comes from the export market.

'Beam Money': Anand Shrivastav's cashless transactions business

'Beam Money': Anand Shrivastav's cashless transactions business

The entrepreneurial seed was probably sown when I left India for the US in 1973 with barely $8 (Rs 64) in hand. After a master's degree from the Harvard School of Engineering and Applied Sciences, I joined the US Steel in December 1976. Three years later, I returned to India and joined Coca-Cola. Till 1998, I worked with three other companies. On returning to India, I had observed that most financial transactions were carried out through cash. Firmly focused on easing cash transfers, in December 2002, I decided to set up a company, Suvidha Starnet Private Limited (Beam being the brand name), which would act as a cash transaction facilitator. I invested Rs 2 crore, pooled in from my own savings and borrowings from family. The profits finally started pouring in from 2005-6, when we registered a turnover of Rs 10 crore. We closed our books at Rs 90 crore in FY12 and hoped to earn Rs 125 crore in 2012-13. Today, we offer cashless payment for various services, such as domestic money transfers, banking transactions, utility bill payments, home delivery, shopping.

Avinash Jain's Arise India: A Rs 855 crore company

Avinash Jain's Arise India: A Rs 855 crore company

My brother and I started a small hardware store, Amit Brothers, in a rented 120 sq ft space at Palam, Delhi, in May 1988. I took a loan of nearly Rs 5,000 from my parents to buy raw material, such as paints and adhesives, for the shop, and to pay rent. We hired two people and were off to a running start. Within a few months, I started taking home a salary of Rs 3,000 a month, which was good money considering that I was still studying. Three years later, we started manufacturing inverters. This had tremendous business potential. We invested around Rs 15 lakh in the venture, raising the money from internal accruals, and the company turnover jumped to Rs 30 lakh before the year was out. However, it was only in 2003 that we had our first major brush with electronic products, when we entered the mobile phone market. Recognising that the youth wanted budget mobile devices to communicate and connect with friends, we introduced a range of such devices to take care of all their needs. Today, we have nearly 3,000 employees and posted a turnover of around Rs 855 crore in 2012-13.

Ashok Reddy's TeamLease: Rs 700-crore business in 2012

Ashok Reddy's TeamLease: Rs 700-crore business in 2012

I have an educational background geared towards the corporate world—Shri Ram College of Commerce, Delhi, followed by IIM, Bangalore— but I always wanted to start something of my own. It helped that I was not venturing into the new territory alone. Manish Sabbharwal, my classmate from SRCC, and his friend Mohit Gupta, joined hands with me to launch India Life Pension Services, in 1998, in Bangalore. We bootstrapped Rs 5 lakh and started managing funds for various companies. When Aon Hewitt offered to buy the business in March 2001, we jumped at the chance. In April 2002, TeamLease Services Private kicked off operations with a seed capital of nearly Rs 2.5 crore. Our business model is simple: a lot of companies need employees for a certain period and lack the manpower, or incentive, to scout in-house for the same, and this is where we step in. We provide them with the required number of professionals, picking eligible candidates from a variety of sources. TeamLease's turnover in the first year of operations was Rs 8 crore, and we managed to break even in 2006. At the end of FY12, the company had a turnover of Rs 700-crore.

Bhartiya International: Snehdeep Aggarwal's Rs 1,000 crore empire

Bhartiya International: Snehdeep Aggarwal's Rs 1,000 crore empire

Immediately after completing my post graduation in Economics from the Panjab University, I decided to start my own enterprise in July 1978. I had thought of exporting carpets. I borrowed Rs 5,000 from my parents. I had read that there was a huge demand for carpets in Germany, so I started writing to traders and middlemen. The quality of carpets ensured that we started getting regular orders. In January 1987, we changed the company's name to Bhartiya International to reflect the new business segment. In October 1994, we successfully listed our company and managed to raise around Rs 6 crore. This helped us grow in the leather accessories market in a big way. The company now supplies products to more than 60 global brands, such as Hugo Boss, Zara, Levi's, Mango, Guess, Wrangler, All Saints and Marco Polo. In 2006, we decided to foray into the realty business, and Bhartiya Urban was born. Another business vertical, Bhartiya International SEZ, was set up in May 2008 with the mandate to develop industrial parks.

Herlekar's Omkar Speciality Chemicals - A Rs 100 crore venture

Herlekar's Omkar Speciality Chemicals - A Rs 100 crore venture

Entrepreneurship was not even an option for me till my final year in IIT-Bombay (chemical engineering), in 1972. During my internship that year with Excel Industries in Mumbai, a chance encounter with KC Shroff, the then MD of the company, changed my mindset. Shroff quipped, 'So that's all you want to do in life?' He suggested that I start my own business, something unique. I put together a seed capital of Rs 1 lakh from my Provident Fund savings and set up Omkar Speciality Chemicals. My big break came in year when Cipla geared up to launch an anti-asthmatic product (Asthalin inhaler), for which it required selenium dioxide, another imported product. The turnover in the first year was around Rs 1 lakh, but for a couple of years, I had to run the show on wafer-thin earnings, which was barely enough to sustain daily operations. Today, I have a a multi-product and multi-location company, involved in the production of speciality chemicals and pharma intermediates. It caters to to domestic and global markets.

Akshaya Homes: Chitty Babu's Rs 350 crore plus enterprise

Akshaya Homes: Chitty Babu's Rs 350 crore plus enterprise

Growing up in the 1970s in a quiet, little town tucked away in the southernmost tip of India, tall buildings were a rarity for me. At Nagercoil, near Kanyakumari, the tallest building I knew of was the clock tower. It fascinated me and I knew I wanted to design and construct big buildings for a career. It took eight years and a long run at the corporate carousel before I got around to starting the first project under my banner, Akshaya Limited. In October 1995, I started Akshaya with a seed capital of Rs 10,000. It is a myth that one needs to have deep pockets to enter the realty market. Here's another tip for realty entrepreneurs: guard against the temptation to spread out too soon. Recognising the importance of any business to keep innovating in order to grow organically, I took a call to concentrate solely on green projects at the beginning of 2008. I am now looking forward to unveiling the tallest residential tower in Tamil Nadu. Kickstarted last month, this two-acre project, called Abov, will boast 6,700 sq ft homes with one on a floor, and each priced at about Rs 7 crore.

Sarita & Suparna Handa's home furnishing enterprise - A Rs 100 crore venture

Sarita & Suparna Handa's home furnishing enterprise - A Rs 100 crore venture

Sarita Handa's first person account: Since I was married to an army officer, I travelled across the country with him and even learned to stitch my own clothes. In 1972, he was at the Defence Services Staff College at Wellington, Tamil Nadu, where I came across beautiful hand-embroidered linen. I brought them back to Delhi and sold them to friends over a coffee party. However, it wasn't till the 1990s that I thought of starting my own venture. The Sarita Handa brand was born in February 1992. I hired a few tailors and started operations from my mother's home at South Extension, Delhi. In 1993-94, we hired a small workshop at Tughlakabad. Like most entrepreneurs, we struggled to raise money, borrowing from family and putting in our lives' savings. In addition, we approached Canara Bank for loan, and in 1992, we got Rs 10 lakh. Eventually, in 2006, we moved to the 1.8 lakh sq ft factory at Manesar, which is also the location of our head office. Our first store opened at Khan Market, Delhi, in January 2012.

My Mobile Payments: Shashank Joshi's Rs 240 cr biz in 2012

My Mobile Payments: Shashank Joshi's Rs 240 cr biz in 2012

You can call me a serial entrepreneur. I started my first venture as a 19-year-old student, and moved on to execute and abandon four business ideas over a span of 16 years before setting up my current venture, My Mobile Payments Limited. After completing my education in 1994, I set up my own computer retail store, where people would be able to personally handle and experience computers before making a purchase. After a series of businesses, I started a new venture called My Mobile Payment Limited (MMPL) in June 2010. This time, I joined hands with seven promoters and we equally chipped in to raise Rs 6 crore as the seed capital and leased a 6,000 sq ft office space in Bandra, Mumbai. The venture's biggest claim to fame, so far, is m-wallet service called Money on Mobile (MoM). It enables subscribers to buy prepaid mobile top-ups, DTH recharges and make utility bill payments using their cell phones instead of cash or plastic money. In its first year of operations, MMPL generated a turnover of around Rs 19 crore. In 2011-12, we scaled up to post Rs 240 crore.

The Economic Times

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