Starting your own business can be a huge task. However, one of the best feelings in the world is to not keep up with the monotonous daily routine of 9am to 5pm and make all the decisions on your own. But not everyone is able to realize the dream of entrepreneurship, mostly due to limited funds. But not anymore! With some small investment business ideas that also make big profits, you can now start your own business and turn your passion into a profession.
Let’s take a look at the most profitable low investment best business ideas in India.
Dropshipping is one of the most successful small business ideas in India today. This is a retail method that allows you to open an online store but without keeping inventory. That way, you don’t invest a dime in inventory and have limited resources to start a business.
Every time a store sells, products are purchased from a third party and shipped directly to the customer. Simply put, you make a sale, hand over the order to the supplier, and they ship it to the customer on your behalf. This way, there is no need to store or process inventory. This saves time and money.
Products can be curated by more than one supplier. However, it is advisable to order a sample product from the supplier in advance to ensure its reliability and product quality according to the online shop.
With the dropshipping model, you don’t have to focus on buying or keeping inventory. You can focus entirely on online store marketing and customer service. In particular, the reliability of your store depends on the quality you offer and the order execution strategy you receive. You need to review both to ensure business success.
This is a low investment best business idea in India that also allows you to test the market and find the best ones before investing and launching your own product.
Online Bakery store is one of the most popular and profitable businesses in India. The bakery is also very popular. If baking is your thing, consider starting a bakery and collecting by sharing homemade recipes. The best thing about this low investment business is that you can start it right from the kitchen. And all you need is the oven and the ingredients!
Cakes are an integral part of any celebration. But you can also sell other baked goods like different types of breads, muffins, pastries and pizzas, etc. This is not only a best business idea in India, but also profitable!
While a company like Ovenfresh took years of hard work to get to where it is today, many business owners were able to rack up the numbers in just a few months by getting their business online. Simply register the bakery on various online food delivery platforms to increase reach.
The Internet and technological advances have opened the door for craftsmen to broaden their horizons and move from artist to professional. Unlike retail stores which source their products from a variety of sources, handicraft companies manufacture products in-house. Their main focus is personal contact with consumers that other companies cannot.
Whether you make candles, soap, ceramics, and even sauces, you can build a unique business. Here, product development and delivery is in your hands in the truest sense of the word.
For example, spark plugs are no longer only used when the power goes out. Today they are more than a home decor theme and are widely used as gifts and for various occasions. Consumers want to buy candles with different scents. They like to buy products that are unique and personal. The situation is similar for other objects. This is the best idea for those who are searching for a small business ideas in India.
You can start with small batches or order in advance while generating ongoing sales.
Blogging and digital marketing are some of the most popular business opportunities. This has created a huge demand for online resources. Nowadays almost every company has its own website. According to a report by Adobe, 48% of respondents said website design is a key factor in business trust. In addition, the lock makes the physical room almost obsolete. According to reports, online shoppers in India reached 120 million in 2018 and are projected to reach around 220 million by 2025. The high demand for this website makes it one of the most profitable companies in India.
Real estate has always been a fast growing sector in India and It is one of the best business ideas in india. The real estate sector in India is expected to reach $1 trillion by 2030. Due to rapid urbanization and increasing number of nuclear families, real estate is a fast growing sector in India. Home sales alone reached 2.61 lakh units across seven major Indian cities in 2019. However, the real estate business is quite expensive. High capital is required for high returns, and lower investments do not bring much profit.
Gone are the days of two-day weddings and simple ceremonies! In recent years India has seen a leap towards weddings, or at least themed weddings. The wedding industry is growing so fast that it inspires many cinemas and TV shows. The Big Fat Indian Wedding market costs around $40-50 million and is growing 30-40% annually. It is an excellent business choice for beginners as it caters to multiple incomes and you can make a choice based on your budget.
India is a very popular tourist destination due to its beautiful landscapes, impressive architecture and diverse cultures. Starting a travel agency across India will surely bring significant advantages. India ranks 10th out of 185 countries for tourism’s contribution to GDP, according to WTTC. However, doing business requires good cooperation between many stakeholders, such as: B. Hospitality and Transportation.
Organic farming has become very popular in India. Recent concerns about chemicals used as pesticides as well as preservatives have led many to study the organic farming market. You can get into the organic farming business in two ways – as a plant grower or as a merchant of the same. India comprises nearly 30 percent of the total number of organic producers worldwide.
India is the third largest business incubator in the world. More than 1,300 new startups, including 7 unicorns, were added in India in 2020. The data shows the willingness of people in India to start their own business.
If you have few investments and profitable best business ideas in India, you may also consider starting a business. All it takes is a solid idea. And if you do it well, you can become a successful business owner.