Who doesn’t want to be an entrepreneur or at least own a small business? It doesn’t matter if you begin it on a small scale or via enormous capital investment. It is still a business with expected returns. So, even if you don’t intend or aren’t capable of investing ample time and finances into a business, you can still operate a profitable small-scale business in India. It could be challenging, especially for beginners, to identify the right business idea. Venturing into one wrong and under-researched decision could ruin your entire investment and time.
Therefore, the recommendation is always to explore as many options as possible. Then, depending on your present demographics, financial status, expertise, and local demand in a similar field, select the viable option matching all your needs.
Although Indian business is in constant growth, don’t get confused when trying to settle for the best business idea. Here are the top 9 small business ideas in India to get you started. So keep reading.
1. Digital marketing
Digital marketing has lots of opportunities waiting for you to explore. You can begin your own startup digital marketing business, promote numerous products, run a freelance business and earn well. But before doing anything, it would help if you first have strong command over your digital marketing skills. You can quickly learn these skills by simply doing a course online or joining a digital marketing training center.
2. Blogging and Content Writer
Do you have a solid command of your reading skills and writing style? Then you can smoothly use your skills and style to earn a decent income. Content writing and blogging are increasingly becoming profitable businesses in India and worldwide. Your clients pay you for every word that you write, but the payment rate may vary from client to client. Luckily, you don’t need huge investments when starting a content writing or blogging business. With a computer, internet access, and confident writing skills, you can launch your carrier as a writer or content blogger.
3. Pollution masks
Currently, India faces a rapid pollution increase in all metropolitan cities like Delhi, and soon, the manufacturing scope and selling of pollution masks could be like trading hotcakes. The high demand for pollution masks will continue to increase because of the enormous hazardous air pollution effects.
4. Mobile Apps
As everyone is aware, mobile phone demand is on a rapid increase each day, and so are mobile apps. The mobile app manufacturing scope has enormous potential in India. And to become a mobile app builder, you must possess the technical know-how of the entire tools relating to its development (tech-savvy). You also need to understand the customer’s needs and design a mobile app that serves their purpose.
5. Network marketing
To establish yourself in the network marketing industry with less investment, it would be helpful if you tie up with reputable brands offering proficient products. Checking the brands on search engines can help you establish whose products are always in demand. The supplements, health, nutrition, skincare, and beauty sectors are good places to start as most Indians have become very conscious in these areas. These areas can help you boost your networking and marketing since you already have access to distributors handling these fields. Your network marketing business can grow and expand by promoting what you sell to your friend circle and relatives or showcasing them on your website.
6. Investing in penny stocks
Today, investors have access to a wide range of stocks, from helium to Cobalt stocks. And now, there are penny stocks that are typically the stock of a miniature firm trading for less than $5 per share. Some penny stocks might trade on massive exchanges, but most trade through over-the-counter transactions. Usually, there is no trading floor for over-the-counter penny stock transactions as quotations are also done electronically. Penny stocks provide a platform for small firms to access public funding while also providing a method for you to gain access to a more extensive marketplace listing. And since penny stocks have a lower price, they allow for significant upside in your share appreciation.
7. Dropshipping
Starting by building your e-commerce website without stocking any product or investing a considerable amount are the best aspects of the dropshipping business. Generally, you don’t need to buy any product until you acquire an order from the customer. Dropshipping gives you a chance to earn as high as up to three times the profit from what you get from the seller. To start your dropshipping business, you need to find a supplier like Flipkart, Amazon, and Snapdeal and tie-up with them. Then create your e-commerce website and list what you intend to sell from these suppliers. Promoting your e-commerce website on various social media networking sites like Twitter and Facebook helps reach potential customers. The last dropshipping step is to place the order with your suppliers, asking them to deliver the product to the customer’s address after receiving orders from the customers.
8. Television Advertisement Firm
TV ads have become excellent platforms for many companies to launch or promote their products in the market. TV ads are the best way of marketing your services or products. And since advertisements are rapidly increasing day after day, creating and managing your own television Ad company is a business idea you can consider. To start a productive TV Ad firm, you can plan on approaching companies that don’t have TV ads and convince them how they can be your client. You can also approach a company already running TV Ads and persuade them to use your services. Your initial investment would generally include cameras, studio space, lighting effects, and green screens.
9. Aquariums and Fish Business
Being a low investment project, you can begin the aquariums and fish business at your residential place. You will need to purchase distinctive fish varieties and several aquariums of various sizes. For fish breeding purposes, you can use special tanks so that you buy fish varieties once and, after that, multiply them by breeding. Additionally, you can sell fish food, decorative aquarium items, and air pumps to boost your profits significantly. But remember that it is essential to have vast know-how in this field and ensure you are well versed in dealing with different fish varieties.
Final Word
Besides the above highlighted small business ideas, there are many other low investment business opportunities worth considering to start a profitable business in India. For example, ice cubes, fragrant, regular candles, travel, mobile wallet, delivery, CCTV, and surveillance are businesses you can start on a low budget. But if your skillset and strengths don’t match your criteria, even a huge investment in a small-scale business might not be adequate. So, after completing your evaluation and analysis of these aspects, please select an excellent business idea and begin working on it.
Bonus tip: Always be familiar with the entire licensing and legalities procedures before jumping into the pool. A little experience may also help.