Do you want to start your own new business? Start it now. Do not get confused over the thought of what business or industry sector shall be chosen. Every company has its pros and cons; it’s just about the best business ideas to make money. It is just about which business you have the passion and zeal to crack. Your skillset also matters a lot in achieving the target. It would help if you were confident enough to implement your skills and manage to overcome the upcoming challenges. Further, let’s discuss some small and low-cost business ideas to pick that match your skillset.
Most Successful Small Scale business Startup Ideas in India
Breakfast Joint/Takeaway Counter Food, one of the three necessities of life, makes a top choice for people to indulge and open up a business in the F&B (Food and Beverage) Industry. Food joints will never run out of customers as long they serve delectable food as a small-scale business idea. Of course, a start-up business does not need to be a full-fledged restaurant, and one can start with only a few essential dishes, such as a wholesome traditional breakfast with optional snacks as an add-on.
Juice Point/Shakes Corner As more and more Indians grow health-conscious, fresh juices without preservatives emerge as a popular healthy alternative to cold drinks. This is why the humble juice bar has made into this small business ideas list for India as a top option for a potentially successful venture. While at it, diversification into related drinks, exceptionally (perhaps less healthy) summer drinks like lemonade, buttermilk, and lassi might also work out well for this small business. Of course, one can decide to go the whole hog and start a fully-loaded food truck instead. As long as the food/drinks provided are of high quality and all the requisite permits are in order, this business idea’s success should not be too hard.
Read More: 12 Tips For Making Your Startup Successful
Tailoring/Embroidery Shop As far as successful business ideas go, this one is based on another essential requirement of life – clothing, so the market size includes everyone. As a start-up business, tailoring and embroidery have been around for decades, and most are usually home-based businesses that receive and complete orders on behalf of small boutiques. But being a tried and tested idea does improve its chances of emerging as a successful future business, especially in larger cities where tailoring services are in high demand. One needs to undergo the requisite training and ideally have sufficient experience to improve the chances of succeeding in this small-scale business venture.
Online Business Small business ideas have the potential to grow into huge businesses over time, and the emergence of the Internet along with related technologies can help out. It is proven that small businesses with an online footprint tend to do better than those that do not have an online impression. So amazingly, this start-up business idea focuses on providing a range of online services to various small and medium businesses. This is why social media experts, influencers, YouTubers, critics, SEO experts, website designers, and developers are in high demand these days. Such businesses require only smartphones, basic computers, software, and a high-speed internet connection.
Blogging If one has to pick a single money-making idea from a list of internet-based small businesses from home, blogging and vlogging (video blogging) have the potential to be money-spinners. As long as it is interesting, it does not matter what one writes or makes a video. Even many top-rated performance artists, including stand-up comedians, have considered this a possible way to expand their reach. The goal is, of course, to maximize the number of views or readers of the vlog or blog through the creation of exciting content. In the case of specific vlog platforms, one gets paid based on the number of views, while in the case of most blogs adverting revenues generated through Google Adsense helps the business make money.
Cookery Classes – Online/In-person If a skillful professional cook does not fancy the idea of slogging it out at a restaurant or food truck business, there is an alternative – cookery class. This is a notable trend catching on among urban and semi-urban families in India as something that people create delicious yet healthy. What’s more it is even possible to carry out these classes both in-person and online or one could make a vlog teaching others the intricacies of culinary skills. The scope to expand and monetize from potential market segments that one might not be able to reach otherwise increases manifold by taking advantage of the online route.
Daycare Services/Baby Sitters In today’s modern India, the concept of crèches in the office for working mothers is yet to catch on. As more women enter into and stay in the workforce even after marriage, it is evident that the demand for daycare services will continue to rise shortly. As a full-time occupation, daycare services, crèches, and even babysitting have been around for years, if not decades, especially in larger cities with more working women and nuclear families.
Dance Classes/Centre If you are a good dancer or choreographer, you can quickly start your dance center by taking space for rent or if you own someplace or area. Marketing your dance academy is the only investment required. If you do not dance well, you can still run a dance center by hiring promising choreographers, dance teachers, etc.
Photography Sometimes your hobby can make you earn money; you need to spend some extra time on it to make it a profession and further into a business. Photography is one of those hobbies turned into careers for numerous professionals. Better the camera and lenses will be, enriched the pictures it will capture. Rest all in your precision and skill in taking pictures to make you a good photographer and earn rewards and money.
Yoga Instructor Knowledge of Yoga and the habit of self-practicing all the ”Yoga Asanas’Asanas’ make a good yoga instructor. Yoga is considered above all stress buster practices and has proven results worldwide. Yoga instructors are well paid and in high demand in India and abroad. 100% knowledge and nominal investment is required to start this business.
Wedding Bureau Weddings are made in heaven but arranged down here. Besides online marriage portals, wedding bureaus are more prevalent in small cities and towns. Families consider meeting other families in person before coming up with any decision. Therefore, small office space, 1-2 staff members, a registration certificate, and contacts can make you a successful businessman.
Tour Operators/Travel Agency A couple of certifications and an attractive office at a prime location can help you start and run a travel agency or become a tour operator. A successful travel agent can make others travel at ease and convenience for its customers. Good knowledge of domestic and worldwide itineraries, sightseeing, flight fares, and hotel rates can be helpful.
Salon/Beauty Parlour Opening a salon or beauty parlor has always been the most trending business option in metro cities. The youth of young India is more cautious about looking presentable and groomed. Therefore, almost every salon has decent customers irrespective of location. Salon owners make huge profits during festive or marriage seasons, especially in metro cities.
Real Estate Agent If you are a good salesperson with knowledge and strong, convincing power, this business can turn your financial condition. Office space with a good location is the only investment required with experience/knowledge of types of properties and documentation processes. Direct public relations and exceptional communication will help you become a successful real estate agent/broker/builder/financer.
Placement Services Human Resource (HR) is the integral and essential vertical in an organization, and good recruitment makes a company grow and grow further. So to have tie-ups with reputed organizations and placing good employees with them makes it a low-cost placement business.
Ice-cream Parlour Despite being a seasonal business, the ice cream parlor is a big hit in terms of small businesses. Investment required in this manufacturing business is buying the franchise of any specific ice cream brand and, secondly, having a shop to place the counter in the desired location.
Handicrafts Seller The Government of India has started promoting the sale of handicraft products in numerous cities and states. Steps are taken to make handicraft products reach every home in India. These products include metalware, paintings, shawls, carpets, woodware, earthenware, embroidered goods, bronze and marble sculptures, etc.
Coaching Classes – Online/In-person Education is a field of diversity and an excellent low-cost business idea. Financial break-even is easily achieved, and it’s not a full-time business.
Consultancy Services Almost every sector requires consultants to assist in its development and growth. People with decent knowledge of IT, finance, marketing, HR, accounts, law, healthcare, social media, etc., can open their own consultancy company and tie up with big corporates to make good money.
Boutique One of the traditional small-scale businesses of the nation. Women who like stitching clothes and are updated with the latest fashion trends can run a boutique store anywhere. The boutique store can be managed from home itself, and the only investment required is the sewing machine with apparel to sell.
Catering Services The catering business requires investment in just hiring labor, buying raw materials, and owning tents, tables, chairs, and utensils. The rest depends on your contacts, marketing techniques, and the quality of the food being prepared and served.
Low-Cost Business Ideas – 2022
Let’s further discuss some low-cost business ideas for start-up companies and first-time business owners.
- The most popular idea among the low-cost business ideas for start-ups is a business related to the food industry that is already on the rise, especially in the metro cities.
- According to the studies and research, many food start-ups are running along with the help and collaboration of food delivery giants, such as Swiggy, Zomato, and Ubereats
- The development of a marketing strategy, especially with the help of social media and digital markets, is essential for the success of such small-scale food start-ups.
- The government and financial institutions provide all the required financial assistance for start-ups and flexible repayment options.
- Another lucrative idea among the low-cost business ideas for start-ups is the fashion accessory and clothing business which has excellent potential for earning high volumes of income due to the high level of accessibility.
- The idea is especially ideal for young women fashion designers and aspirants who inherit the desired knowledge and experience in fashion and clothing.
- Suppose it starts getting a fair amount of responses. In that case, the design can be manufactured contractually to become a hit across the global markets with the partnership of e-commerce giants, such as Amazon, Alibaba, e-bay, Walmart, Flipkart, etc.
- Another attractive idea from the low-cost business ideas for a start-up is an agriculture start-up, especially the setting up organic fields for growing organic fruits and vegetables.
- The market studies prove that after the rise of grocery delivery companies, such as Big Basket and Grofers, agriculture has become a lucrative business to earn a decent income.
All the above-mentioned small businesses can be started and managed in leading metropolitan cities like Delhi (Gurugram, Faridabad), Chennai, Mumbai, Kolkata, and other Tier 2 and Tier 3 cities well.