Are you one of those who is still hunting for a Job years after completing the graduation or the one who is in the wrong Job or maybe the one who wants to live the life of its own terms? There may be several reasons you want to become an entrepreneur and start your own business. But we all are stuck in one common phase, that is searching for the best Profitable small business ideas which can generate recurring income?
We, the majority of common middle-class Indian always looks to secure a White Collar Job after completion of our graduation, because it is risk-free and gives us the money to secure our family future. But does it gives us freedom or recognitions what we look from our society? Yes, You can be the CEO of your Company, but you can not call yourself the founder of your company. The founder will always be the person who took the initial risk to start this Business.
Some of you may not agree with me, yes why should we choose an uncertain path and risk our future to start a new business if a more risk-free alternative already available to us? But Can you really secure a Job where 1.6 Million Engineers pass out every year and only 6% of them get placement in the top 10 IT firms in India?
“Your time is limited, so don’t waste it living someone else’s life.” ― Steve JobsClick To Tweet
To start a small Profitable business, the majority of beginners stuck on First Phase, ie Planning or Business ideas, and if we were able to start the business, the most of us can not carry forward it to the next year. Because we lack the dedication and patience.
Here, in this article, we will discuss some best and profitable small business ideas for Beginners like you and me, when we do not have the huge Bank Balance for investment or Networth to avail a secure Bank Loan in India.
Best Small Business ideas for Beginners in India
For most of the beginner or budding entrepreneurs, the main hurdle to start any business opportunities in India is the disposable cash or money for the investment. But, there are also numerous business ideas available where you need very little initial investment. Just you need to grab the right opportunity at right time.
Choosing a small business idea is the easiest part of your entrepreneurship journey, but accomplishing the same and become a successful entrepreneur is the most difficult task of this journey.
Below, you will find list of some Profitable Small Business Ideas if you are a beginner or Budding Entrepreneur.
Digital Marketing is one of the most sought after and trending business ideas today. Digital Marketing is nothing but a communication channel which uses digital media like emails, social media, Google Ads etc to market your product to some targeted customers. It’s a kind of advertisement to market products which can be reached to the larger audiences for a much cheaper price as compared to other paid media.
You can set up your Digital Marketing Agency at your home and work as an agent to help your clients to market their products and earn some commission.
Digital Marketing is one of the most lucrative upcoming business ideas in India.
2. Food or Bakery Business
If you are a good cook or even you are not, you can start Food or Bakery Business with very low investment. Bakery items have huge demands in every place even if it is a small town or a big city. If you can prepare good Bakery Products like Cookies, Cake, Bread etc, then it is one of the best profitable small business ideas. The other part of this business is that you can create your own online food delivery cum manufacturing business by integrating a payment gateway.
3. Computer and Laptop Assembling
Assembled Desktop and Laptop shop has very good demand in every place, especially for the students, because assembled PCs are cheap and customizable. If you have a little bit knowledge of Computer hardware or assembling computer parts, then it can be a great business idea for beginners. You may assemble motherboard, hard-disk, graphics card etc directly from big dealers and sell a complete PC for your local customers. Moreover, you can earn some extra income by installing various software or games for your customers.
4. Customer Service Point (CSP)
Customer service Point (CSP) is one of the most profitable business ideas and you can even earn up to Rs.1.00 Lacs per months if you work hard. You can be the Business Correspondence (BC) of any Bank and set up your CSP even at your home. To become a CSP of any Bank, you only need a Laptop and internet connection.
CSP is a kind of commission based work, and if you are staying at any small town or Village in India, then you have unlimited scope to earn some great profit from this business idea.
5. Online Customer Service Center
Today everything can be done online, from Electricity Bill Payment to Hotel Booking. If you have some working knowledge on computer and internet, then you can easily create an online customer service center with very low investment, you only require a PC or Laptop and internet connection.
There are many people in India, still do not know how to pay the bill online or submit an online resume for a Job. You can help them by providing online services and earn some good fee-based income.
6. Travel Agent or IRCTC Agent
Travel Industry is one of the growing business in India. You can be a travel agent in your area and make arrangement for tour and travel programs for your customers. You can also be an affiliate partner for big online travel company like MakeMyTrip or Goibibo and earn commission from them. Similarly, you can be an IRCTC official Booking Agent and earn commission from Rail Ticket Booking.
7. Private Tuition Center
Private tutors have enormous demand in every place, and it can be your both passive or active business idea. You may set up a Tuition Class in your locality with other teachers or person like you. Private Tuition center can be a super profitable business idea in India.
Home-based tuition center needs no initial investment, you only need a place for your tuition classes, and it can be your own home or can be a rented house.
If you are good at something which others need, then you can provide these services to earn some hefty remuneration in return. Yes, freelancing is a great source of earning money online without any big investment. If you are good at Web Designing, Knowledge in Photoshop or Content Writing then you may provide your Knowledge and charge money from your customers. You can create your free account in some popular freelancing websites like upwork, freelancer, Fiverr etc. Freelancing is one of the popular income earning sources in many Asian countries including India.
9. Affiliate Marketing
Affiliate Marketing is like selling other products and get paid for your advertisement. The concept of Affiliate Marketing is getting huge momentum in India day by day and it is one of the great sources of earning from home without any big investment. Affiliate marketing may include Digital Marketing or Content Marketing to promote your advertiser’s products and earn a percentage of commissions in return. You may recommend your advertiser’s products by way of blogging, social media posts, paid online advertisements etc. You will find all types of products from FMGC sectors to Blogging for your Affiliate Marketing Business.
10. Food Delivery Business
If you are staying in any big cities like Mumbai, Bengaluru or New Delhi, then Food Delivery Business is one of the most lucrative small business ideas you can start today. Food Delivery Business is an excellent startup concept, you can easily set up with a low budget. To start a food delivery startup, you need to approach some big hotels or restaurants for delivery of their food to the end customers. In India, you mainly have to deliver food or meals to Offices or the persons staying single in cities.
11. Food Delivery in Train
Over 24 million passengers in India are daily traveling in the train and ordering online food through the apps in long route trains is getting hugely popular in India. These apps generally partner with local hotels or food delivery agents for supplying food in train. You may partner with food delivery apps like Railyatri or IRCTC eCatering or Travelkhana etc and deliver food on the train.
11. Accounting and Tax Consultancy Service
If you have knowledge of Accountancy or Tally, then you may create your own Accountancy and Tax Consultancy services, for that you only need an Office space, computer and internet connection. Many Banks in India needs projects for loan appraisal. You can also prepare projects for your customers and charges remunerations for your services. You may also prepare Tax Audit or GST return for your customers. It is one of the most popular small business ideas with almost zero investment.
12. Event Organiser
You can also set up your own event organizing firm with very low investment. There are several social events like Wedding, birthday celebration or marriage anniversary occur throughout the year. You can help your customer for selection of venues, flower arrangement or food arrangement, overall smooth conduct of the events and get paid for your service.
13. Cooking Class
Similar to Private Tuition, Cooking Class is also a very good income idea, especially for women entrepreneurs. You can start your cooking class both Offline and online on sites like Udemy or Skillshare. You can also publish your Cooking eBook in Amazon and earn some passive income. The other alternative option is blogging. See here how to earn money from your Food Blog.
14. Paper Plate and Thermocol Plate Making
Paper or Thermocol Plate making is an excellent low-investment high-profit business idea. The cost of a fully automated Paper Plate making machine is around Rs.1.00 lacs and it can easily be started at home. You can purchase the Paper Plate making machine from the local dealer or online at indiamart.com.
15. Stationary item suppliers
Several Offices, Banks, School or Collages require Stationery items round the year. You can start your own Stationary item supplier business with a very low initial investment. The business idea is very simple, you purchase stationery items from local dealers and supply these items to different Offices according to their requirement, but to become successful in this business, you need to have some good rapport with these Offices.
16. Mobile Car Washing
Mobile car washing is one of the most profitable and unique small business ideas which you can start for only Rs.10000. You can purchase your own Car Washing machine from indiamart.com and start the business from your home. Mobile Car Washing is one of the most unique startup ideas and has a great potentiality to grow in the future.
17. Office Job Outsourcing
Several Offices or Banks always outsource many unofficial works like data entry or online data uploads etc from some outside agencies. These type of works are very simple and anyone can do that if he or she has some basic computer knowledge. You can easily grab these works from Offices or Banks, but for that, you also need a good rapport and competitive pricing than others working in this field.
18. Courier Business
Courier Business is one of the most popular small business concepts for beginners and has huge demands in every place. With the increasing popularity of online eCommerce sites like Amazon or Flipkart, Courier Business is one of the most lucrative businesses in India. You can partner with big brands like DTDC, Bluedart or EKart and deliver items to your customer’s home.
19. Virtual Assistant Services
Virtual Assistant service is like providing assistant virtually or over the internet. Virtual Assitant is one of the best upcoming job models in India and one can start it easily with very low investment. To start a Virtual Assistant service, you need a computer, internet connection and bit knowledge of marketing. Many big firms are now outsourcing several non-core activities like email sorting, email auto responding, appointment booking, database building, creating an email list for CRM etc from Virtual Assistant.
“Creativity is just connecting things.” ― Steve JobsClick To Tweet
Blogging is my favorite income idea because it gives us the freedom to do whatever we like. You will find hundreds of example where people choose blogging as a full-time career. You can create a blog for anything and earn recurring income which is never possible in a 9 to 5 job. There are several great hostings sites like Bluehost or SiteGround where you can start your blog for $5 per month.
To become a successful blogger, you need to have an established blog and influencer in your particular niche.
21. Drop Shipping
Dropshipping is a kind online business model where you work as a middleman between vendor and end customer and earn a commission from the vendor for selling their products. You can start your own Dropshipping business by creating an online store from Shopify. There are thousands of entrepreneurs in India earns millions by this Dropshipping business.
22. Stock Market Broker
Trading in Stock Market is one of the most popular small businesses in India. Though there are hundreds of Share broker available in big cities, therefore the competition is very high there to capture the clients. But in rural or semi-urban areas, you won’t find so much competition to capture your clients. You can work as a broker or sub-broker and assist your customers to trade stocks & shares in BSE or NSE. The investment requirement is very low and the profit is very high if you can generate a large volume of transaction.
23. Event Photographer
If you like photography, then event photography is an excellent business idea in India. There are huge demands for event photographers like pre-wedding or wedding photography, marriage anniversary photography in every place in India. To start a business in event photography, you need a good digital camera and some knowledge of Adobe Lightroom, which you can easily get by joining an online course from Coursera or Udemy. You can promote your works in different social media sites like Facebook, Pinterest or Instagram or creating your Own Website and get your clients. You can add your site Google local business to get your customers online.
24. Consultancy Business
You can start a Consultancy Business in India by almost zero initial investment. A consultancy business may be anything, you can be an Income Tax consultant, investment consultant or Property consultant or Bank loan consultant. The only thing is required to start a consultancy business is the knowledge on your particular topic. To start the consultancy business only needs an Office Room. You can also advertise your business in Google local business.
25. iCe Cream Business
In a topical country like India, where summer stays for long, the demand for ice cream will never diminish. Therefore, ice cream business or good delicious ice cream business is one of the most profitable small business idea in India. You may start your own ice cream parlor by purchasing an ice cream machine which cost you around Rs.90000.00. You can also supply ice creams to different parties and events or any other festivals.
Make Your ideas happen:
“My favorite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.” – Steve JobsClick To Tweet
Entrepreneurship or starting your business is the best option if you want to Chase your dream and live the life of your own terms. The path is not as easy as choosing only the business idea. As I have written earlier choosing only an idea won’t accomplish your Goal. Your hard work, dedication, and passion will only help you to achieve the Goal.
The small business ideas as discussed above are only suggestive, you may have your own business idea which suits you.
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