Do you want to establish your own company? Begin right now. Do not overthink how to start a business or what type of business to start. Every business has its own set of benefits and drawbacks.
Business success also depends on your passion, dedication and patience. Your talent also matters a lot in achieving the goal. Today in this article, let’s discuss about some such successful small business ideas which require less money and more dedication to start and which have proved to be profitable for the people so far.
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Small Business Ideas in India 2024
Breakfast
Catering, one of the three basic necessities of life, is a better option for business. Therefore, on a small scale
Breakfast joint is a good business to start a small scale business.
Juice Point
As people are becoming health conscious, fresh juices are becoming a popular alternative to soft drinks.
Emerging as a popular healthy cold drink. This is the reason why businesses like Juice Point have carved a niche for themselves as successful small businesses in India.
Tailoring/ Embroidery
This is another major business that deals with the basic needs of life. Tailoring and Embroidery business has been running since decades as a start-up business. Usually this business is opened in homes, and these people get orders from boutiques.
As this business is already running, there is not much risk in doing it on a large scale. Especially in big cities, where there is a great demand for tailoring and embroidery. You can also take the help of Mudra loan to start this business, the government gives these loans to open or expand such businesses.
Online Business
Connecting to the internet has become very important these days and most of the businesses are present online as well. It has been proved that small businesses with online presence are better than those who do not have online presence. So now such type of small businesses are also starting which are offering their services to these online presence businesses. .
This is the reason why the demand for social media specialists, bloggers, website designers and developers is high these days. Such businesses only require a basic computer system, software and high speed internet. Businesses such as ghostwriting, freelancing, and online translation services can be successfully run online.
Blogging
If you want to do internet based small business to earn money sitting at home, then you can do business through blogging, video blogging. Here’s the interesting thing, it doesn’t matter what topic you write about or make videos about.
There are even a number of bigger artists who find it a good way to expand their reach, including stand-up comedians. The objective is to increase the number of vlog viewers or blog readers through interesting content. In case of some vlog platforms, payment is made on the basis of number of views. While in the case of most blogs, advertisements are received through Google Adsense.
Cookery Classes
If you are a skilled professional cook but do not want to start a restaurant or food truck business, then there is an option for you – Cookery Class. This small business is gaining momentum among urban households in India. These classes can be given both in person and online, or even create a blog in which you teach others how to cook.
Daycare Services
Office drop off facility is not yet provided for working mothers in India and hence women face difficulties in getting job after marriage. That’s why the demand for Daycare Service is increasing. You’ll need staff who get along well with kids and you’ll need to create an environment that’s child-friendly and safe so that parents can drop off their kids for the day without worry.
Dance Center
If you are a good dancer or choreographer, you can easily start a dance center by renting a place. The investment you will make for this will be only for the promotion and promotion of your dance center. Even if you do not dance well, you can still run a dance academy by hiring dance teachers.
Photography
Sometimes your hobby can help you earn money, you just need to put some extra time on your hobby to make it a profession and pursue it as a business. Photography is one of those hobbies that can be turned into a profession. The only investment for this would be a better camera with which to do the photography. Rest all is your accuracy and talent of taking pictures which will make you a good photographer.
Yoga Instructor
The knowledge of Yoga and the habit of practicing all the ‘Yoga Asanas’ are the qualities of a good Yoga Instructor. Yoga is considered better than all stress buster techniques and its good effect has been seen all over the world. Yoga instructors are in high demand not only in India but also abroad. There is no investment required to start this business.
Marriage Bureau
Apart from online marriage portals, wedding bureaus are more prevalent in smaller cities and towns. Families consider meeting other families in person before making any decisions. Hence, small office space, 1-2 staff members, registration certificate and your contacts can make you a successful businessman.
Travel Agency
Travel agency requires some certificates and an attractive office. When people go for a trip, one of their objectives is that they do not get trapped in any kind of complicated work and can stay relaxed, so from travel to hotel booking, people prefer to take the services of a travel agency. . A successful travel agent is one who can make others travel with ease and convenience. You must have knowledge of places around the world where people want to travel. It is one of the most successful small businesses today.
Salon
Opening a Salon is one of the most trending business option in metro cities. Youth are more interested in looking presentable. Therefore, almost every salon has a good number of customers irrespective of its location. Salon owners make huge profits during festivals or wedding season.
Real Estate Agent
If you are a good salesperson and can convince people to invest or buy a home, then this business is for you. The only investment in this is buying or renting an office, apart from this you need to have a good knowledge of various types of properties and the documentation process, only then you can become a good real estate agent. Being good at public relations and communication can help you become a successful real estate agent.
Placement Service
HR i.e. Human Resource is very important in any company or organization and good placement helps a lot in the growth of a company. So tie-up with reputed companies and having good employees can make it a good low cost small business.
Icre cream Parlor
Despite being a seasonal business, ice cream parlor is still one of the hit business in terms of small businesses. For this business, you have to buy a franchise of any specific ice cream brand and invest in renting a shop to open the parlour.
Handcraft Seller
The Government of India has started promoting the sale of Handcraft Products in many states. Prime Minister Narendra Modi is also often seen talking about Vocal for local. People are also liking such handcraft products like various metal utensils, paintings, shawls, carpets, wooden utensils, earthenware, embroidered items, and bronze and marble sculptures etc. You can also start a Handcraft Small Business with some of these products.
Coaching Classes
Education is a field of diversity and also a good business idea with low cost. In this era of competition, children do not want to depend only on school education and they join coaching classes for good marks. Rather, after the coronavirus pandemic, the trend of people towards online coaching has increased. That’s why this business is one of the most successful small business today.
Consultancy
Almost every sector requires consultants to assist in its development. People having good knowledge of IT, Finance, Marketing, HR, Accounts, Law, Healthcare, Social Media etc can open their own consultancy company and link up with big corporates to earn good money.
Boutique Store
It is one of the traditional small scale businesses of the country. Women who love to stitch clothes and get updated with the latest fashion trends can run a boutique store anywhere. Boutique stores can be run from home with only the required investment required.
Catering
Operating a catering business requires purchasing labor, raw materials, and owning tents, tables, chairs, and utensils. The rest depends on your contacts, marketing techniques and the quality of the food prepared and served.
LOW COST BUSINESS TO START – YEAR 2024
Following are some low cost business ideas for start-up companies and first time business owners:
One of the most popular low cost business ideas for startups is the food and beverage business which is already booming, especially in the metro cities.
According to studies and research, many food start-ups are running with the help and collaboration of food delivery firms like Zappwala, Swiggy, Zomato, and Ubereats.
Government and lending institutions provide all necessary financial support to start-ups with easy payment options
One of the lucrative low cost business ideas for start-ups is fashion accessories and clothing business which has high potential to earn high income due to high reach.
This idea is an ideal choice especially for young women fashion designers who have the necessary knowledge and experience in the field of fashion
If the business of designing starts getting a fair amount of response then its business can also be expanded in global markets with partnership with e-commerce giants like Amazon, Alibaba, E-bay, Walmart, Flipkart, etc.
One of the low cost ideas for start-ups is an agriculture start-up that exclusively deals with organic fruits and vegetables.
Market study proves that with the advent of grocery delivery companies like Big Basket and Blinkit, agriculture has become a lucrative business to earn good income
All the above mentioned small businesses can be started and managed from major metropolitan cities like Delhi (Gurugram, Faridabad) Chennai, Mumbai and Kolkata and other Tier 2 and Tier 3 cities.