Best Small business ideas in India for 2020
In this article, we will talk about India’s top small business ideas which you can use to kick-start your business trip. Mark your presence with your business now amongst the leading startup ecosystem.
Owning a business gives you the freedom and independence to be your boss in creating an empire from scratch. In India, the start-up wave, which began in 2014, ebbed it’s way back into the start-up ecosystem.
With their luring Start-ups India Scheme & Stand Up India Scheme, the government has stressed the power of business and encouraged individuals to start their own company. Here are some of India’s best small business ideas that can be put into practice to begin their entrepreneurial journey.
The definition of India’s best business is very subjective and depends on a lot of underlying market, demographic and demand conditions. A photo studio, for example, will flourish in a town like Mumbai and Delhi, where models are always looking for photographers to create portfolios. However, having a village studio could have just a limited crowd coming to you.
It’s everybody’s dream to start their own company. Most budding entrepreneurs, however, see their aspirations nipped in the bud due to a lack of investment funds or viable business ideas.
If you have specific individual skills, you can start your own small business with little investment. While some of those small business ideas can be operated from your home, you may need to lease small premises in other cases.
Small businesses usually start with; however, little capital you may have. Community associations and cooperative lending societies also offer loans at very soft terms. You could consider obtaining a loan to fund your idea of a small business.
Note, it’s better to fail to succeed. So prepare your company well in advance before launch. Examine the demand for the good or service that you plan to sell. Plus, get to know your prospective rivals and their deals well. Talk to people that you trust, and seek advice if needed. Also, create your potential customer’s database before start-up.
When the above homework has been done, you ‘re almost ready to open your small business with low investment.
Small Business Ideas
Here are some fresh & innovative, low-investment small business ideas that we suggest to start in 2020.
I’m a full-time writer. I began blogging in 2009. It initially took one year to learn to blog, but I started to earn some good income with blogging after a year. This was in 2012, when I was crossing blogging for $2000. Today, blogging makes me earn more than $20,000 per month. In India, the USA, and around the world, there are thousands of people who make $500 to $25,000 + a month with blogging.
It’s an excellent opportunity for people who are looking for a business idea with low investment—starting with as little as Rs 5000. You can read this post about how you can launch your blog. There are plenty of different ways to make money from blogging.
It is one of the small business ideas for small towns.
This is a brand new and very hot business concept in India. You can start your own e-commerce company but without any significant investment and without any product being stocked.
The best thing about drop shipping is that you don’t have to buy any stuff unless you get a client order.
Here are the steps to start a drop shipping company-
- Find and tie-up with a manufacturer such as AliExpress, IndiaMart, etc.
- Develop an eCommerce website and list what you want those suppliers to offer.
- Foster your website via Facebook and other online marketing channels.
- Take orders.
- Order with your supplier and ask them to deliver the product to your customer address.
- Making profit.
- Your profit will be a margin between the price of the supplier and your price of sale. You can sell the supplier price to as high as three timers.
It is a trending business in India right now, and also; it is one of the best small business ideas from home.
Digital marketing offers unlimited opportunities.
You can start a digital marketing agency; you can do a freelance business, you can start your startup, you can even promote and make money through digital marketing.
But, you need excellent digital marketing skills before starting any digital marketing business. You can learn online digital marketing or join a training center.
Finding good, digital marketing training institutes in India is very difficult. Most of the people offering training are not themselves qualified.
Mobile Phone Repair
Until the end of 2022, India will have almost 800 million Smartphone users. Therefore, as more products and cheaper versions join the market, this figure will rise exponentially. Thus, it is considered as one of the best small business ideas for small towns.
As a result, the market for outlets and individuals providing cell phone repairs is projected to increase several times over. Also, you can sell accessories and reload on credit.
Small Business Ideas From Home With Low Investment That One Can Enjoy As A Hobby
Do you want to start your own business? Start this now. Do not be confused about what is to be chosen for business or industry. Each company has its pros and cons. It’s all about which company you’ve got to smash it with zeal and zest. Often, the skill set matters a lot in hitting the target. You will be optimistic enough to put the skills you possess into action and manage to resolve the obstacles ahead. Also, let ‘s explore some small business ideas that match your skill set for you to choose from.
Food being one of the three necessities of life allows a top choice for people in F&B (Food and Beverage) Industry to indulge and open up a business. That is why food joints can never run out of customers as a small-scale business concept, as long as they serve delectable food. Of course, a company does not need to be a full-fledged restaurant from the beginning. One can start with just a few main dishes like a wholesome traditional breakfast with optional add-on snacks.
Thus, opening up a breakfast joint is one of the coolest small business ideas from home.
It is one of the best small business ideas from home for women. Today, the demand for meal delivery at home and in the workplace has increased enormously. With low investment right from your kitchen, you can start your small business by cooking new, wholesome meals and delivering them to offices and homes.
An outstanding small business is network marketing, also known as Multi-Level Marketing. You need to tie up with reputable labels, however, which sell excellent goods. A web search would show some of those big brands whose products are still in demand. Nowadays, people are searching for alternative health and nutritional products and supplements as well as skincare and beauty products due to increasing medical inflation.
By promoting its products in your friend’s circle, you can grow your network marketing business. By building a website, you can also promote it online. Thus, this is one of the best small business ideas from home.
Babysitting Or Child Care
It is a small women ‘s company that can start from home or small premises. Investment required to open a child care and babysitting service is very minimal. Just a few toys, crèches, and mattresses are everything you need to invest in.
Add a couple of packets of disposable diapers, antiseptic lotions, and even a first-aid package. Babysitting and childcare services are in very high demand nowadays due to the growing number of working couples.
There are different ideas for small businesses that can be created from home or office online. Without investment, you can start several of those ideas. We have covered this kind of business idea here already. From the list of business ideas, you can check which one is best suited for you.
Everyone in the middle of busy roads has seen cars, scooters, and motorbikes breakdown. Usually, the unfortunate owner of those vehicles faces a dilemma about where to get repairs. You can sell a mobile garage for those eventualities.
You’ll need a car, mobile phone, and all the necessary tools to fix a stalled vehicle for this low-investment company. All you need to do is rush to where the car will be parked for repairs.
Thus, this is one cool small business idea for rural areas.
When more and more Indians grow health-conscious, fresh juices are emerging as a common healthy alternative to cold drinks without preservatives. That is why the Humble juice bar has made India a top choice for a potentially successful foray into this small business ideas list. Diversification into related drinks, particularly (maybe less healthy) summer drinks such as lemonade, buttermilk, and lassi could also work well for this small business while one is at it. Of course, one can decide to go all the hog and then start with a fully-loaded food truck.
It is one of the best small business ideas for rural ideas.
Tailoring And Embroidery
As far as successful business ideas go, this one is based on another basic lifestyle requirement-clothing, so
The market size includes everyone well. Tailoring and embroidery have been around as a start-up company for decades, and most are typically home-based companies that accept and complete orders on behalf of small boutiques. But being a tried and tested concept improves its chances of emerging as a successful future business, particularly in larger cities where high demand is for tailoring services. One needs to undergo the necessary training and should preferably have enough experience to boost the chances of succeeding in this small-scale business venture. It is one of the best small business ideas for rural areas.
Small business concepts have the potential to evolve into big companies, and the advent of the Internet, along with new technology, will undoubtedly help out. It is shown that small companies with an online presence continue to do better than those with no online footprint. So incredibly, this start-up business concept focuses on supplying various small and medium-sized businesses with a variety of online services. It is the reason why these days, social media experts, bloggers, website designers, and developers are in high demand. These businesses only need simple computer systems, software, and high-speed internet connection.
You Might Also Like To Read – 15 Online Business Ideas You Can Start Right Now
It is one of the best small business ideas from home.
Aquariums And Fishes
It is a small business concept that you can start from your home and even with a low investment. You need to buy a few aquariums of different sizes and different kinds of fish, which are popular as pets for this trade. You can also keep individual tanks to breed the fish.
Also, the sale of air pumps, fish food, and decorative aquarium items will net you more profits. Aquariums are popular as gift objects, too. But you need to be well versed in the handling of various fish types.
Nursery And Garden
Once again, this is a creative small business idea with a low investment. Many people now maintain small plants and shrubs at their apartments and offices because of increased awareness about the environment.
This company can be run from your home. Also, you can sell fertilizer packets, seeds, and other garden needs.
Jams, Pickles, And Sauces
As people are more and more conscious of their health, there is an increasing demand for safer, non-commercial jams, pickles, sauces, and ketchup.
Also, customers are now wary of consuming foodstuffs that contain chemicals of some sort. In light of this scenario, you can produce jams, pickles, sauces, and ketchup with traditional chemical-free recipes. It is one of the best small business ideas from home.
Stamps And Coins
Surprisingly, the lucrative sector in India is nearly non-existent. Collectors of stamps and coins search for the newest issues from around the world.
Only a few quick steps are all you need to get into this small business with low investment high returns. Register with different country postal departments by paying them a small advance to purchase the latest stamps. There are individual government-run offices abroad for coins. They will send you the newest stamps and coins, which will be sold to collectors at a reasonable premium.
It is one of the best creative small business ideas.
People love their dogs, understandably. However, they are unable to take their pets along while traveling for a holiday or business. Therefore, people are searching for programs that can take care of their pets when they’re gone. If you are well versed in handling pets, you may consider this a great business. Again, this is a small business, needing little investment.
Let your imagination run wild and smell the fragrances. Making candles is relatively straightforward. The aromatic oils are available readily. You can make fragrant candles in all shapes, sizes and colors, with some training and experience.
Such candles are becoming increasingly popular today for purposes of meditation and relaxation. It is one of the creative small business ideas.
Cakes And Bakes
You can open a low-investment business with a good oven, make cakes, muffins, cookies, and other bakery products
This small business possesses tremendous potential as buyers are always searching for new, better tastes at economic levels. However, in preparing these baked delicacies, you will need excellent skills.
It is one of the hot new business ideas.
It is one of the small business ideas for over 50. Mainly since ice cubes sold on the market nowadays must comply with the specifications prescribed by India’s Food Safety and Standards Authority (FSSAI).
You may also enter this lucrative business of selling ice cubes in bulk to restaurants and bars and retail to customers with proper equipment, clean water, and appropriate packaging.
You will see you make instant money by providing travel and related services. Tie-up with long-distance bus services, provide online train ticket reservations, and book hotels for customers at various destinations.
You may also complement local sight-seeing and other consumer requirements. You can either work with a big travel agent or enter into deals with service providers and get commissions for each booking you make. It is one of the hot new business ideas.
You Must Also Checkout – 9 Business Ideas for Starting Office From Home or May be Bed
Small Business Ideas
If you know the palates of different communities in India well, you can open a small, low-investment, ethnic food shop.
All you need to do is purchase long shelf-life goods from suppliers in those regions and market them to your target communities.
Medical Sample Collection
It is yet another fast-growing, low-investment idea for small businesses in India. It means you are gathering samples from patients, from their homes, of blood, sweat, urine, and sputum.
Such samples are supposed to be sent to pathology laboratories that will examine them and issue medical reports.
The reports shall be sent to the customer at home. You would need a truck, equipment to store the bio-hazardous material, and expertise to collect samples from the blood.
Before entering into this business, you will need pathology laboratory agreements.
No one would like to part with antique furniture only because they have an addiction to nostalgic beliefs. One business you can look at is restoring or repairing damaged antique furniture if you have a sense of aesthetics and the skills you need.
You may also employ artisans to do the restoration at your customer’s premises. It’s very complex to restore antique furniture, and you’ll need some excellent staff. It is one of the hot new business ideas.
CCTV And Surveillance
People are becoming more and more conscious of security. They want to protect themselves and their families from theft, rape, and other crimes. As a result, growing numbers of people are installing CCTV and security cameras in their homes and workplaces. It is a low investment, and small business idea with high returns.
People have events for different reasons. They are held all year round to mark anniversaries, birthdays, and other special occasions. You can offer growing services with this underinvestment sector. These include venue decoration, playing games, the appearance of a mascot, purchasing, and packing return gifts, among others. It is one of the best small business ideas for small towns.
Banks, credit card issuers, and mobile telephone companies often require customers to verify their addresses physically. To prevent fraud and defaults, they do so. It is a low-investment business, now in demand again. You may need a vehicle, however, and may require the workforce to visit the customer addresses provided by the bank and other service providers. It is one of the most successful small business ideas.
Business Idea For Religious Items
India has a vast demand for products that followers of different faiths need, which include depictions of deities, sticks of incense, lamp cotton wicks, candles, prayer beads, and other minor paraphernalia. Manufacturing these at home or a small location requires little investment. There is no consumer dearth for this kind of thing. It is the most successful small business idea.
Indians returning home after a trip abroad prefer to buy items they can sell locally. They do this to cover the expenses of their travel abroad. The products they sell include, among others, fragrances, cosmetics, cigarettes, liquor, chocolates, food items, and T-shirts. India’s craze for international products means you’ve got a strong demand for your wares.
Nowadays, an increasing number of people go vegan. A better alternative to meat is soya products such as soya milk, tofu (soya curds), soya flour, and soya pellets. Soya products are relatively easy to produce, provided you have the appropriate equipment. It’s likewise a small company with low investment and also a good small business idea from home.
There’s a small loan you can get to start this micro-industry.
Unique Ice Creams
People would have been balking at the thought of ice cream made with tomato or capsicum some years ago. And these special ice creams are nowadays popular. Given the vast demand, producers of these rare ice creams are sadly few. Get into this low-investment business of exclusive ice creams if you’re adventurous enough.
Laptops considered a luxury a few years ago are now commonplace. Shopping patterns show that people are selling their used laptops and purchasing those with new features and higher setup.
Notwithstanding this, a high demand remains for used laptops. The acquisition, refurbishment, and sale of these used laptops is a low investment, high returns company that you should find.
There are generally two types of signs used by companies and stores: Painted and Neon. Every small business and commercial establishment requires signboards.
The demand is for creative yet low-cost signs which advertise the business properly. Making and selling signboards of all forms is a company in demand all year round, according to the business owner ‘s requirements. It is one of the best creative small business ideas.
Every company almost daily needs more workforce. It is especially true of restaurants where turnover rates are very high for employees.
Waiters and cooks quit on short notice or give up work. It puts a significant burden on the business owner.
Houses do sometimes need the workforce to clean the house. You can help restaurants solve their workforce problems with some creativity and low investment, and earn a handsome income almost daily. It is one of the best small business ideas for rural areas.
Bulk stationery is required by schools, colleges, and other educational institutions, as well as businesses. These include personalized letterheads, business cards, envelopes, books for invoices, books for receipts, and others for motley.
You can enter this evergreen business with little money and some contacts. To get into this lucrative venture, you’ll need agreements with printing presses and a few samples.
Digitizing Audio And Video
Millions of people across India possess audio and videotapes of their favorite music and movies, occasional individual recordings, and other items. Audio and video cassette players are rare though now.
DVDs and digital ways of storing music are standard today. If you have the older style record players, audio and video cassette players, you can digitize old recordings into this business.
You’ll need to invest in equipment that lets you copy audio and video to the latest in older formats. However, it is still one of the best creative small business ideas.
Every man and female needs to be glamorous. For many reasons, beautiful pictures are used: to apply for work as models, actors and actresses, airline cabin crew or marriage.
Taking beautiful pictures is a perfect business for anyone with an eye for photography to open with little investment.
You’ll need to purchase a professional camera and associated tools. Pictures can be taken at the customer’s residence or in public places. Alternatively, if necessary, you can hire a studio by the hour.
Indisposed senior citizens and people need carers in hospitals, especially when their kin is busy at work or unable to care for their needs. Caregiver programs are gaining traction rapidly in India.
Understandably, to deliver such a service, you’ll need some workforce. Several unemployed men and women are involved in serving as carers for organizations providing the service.
It is undoubtedly one of India’s most popular low-investment companies. All it takes to print the horoscope is a machine with the appropriate program, a printer, and fancy paper.
Nevertheless, computerized horoscopes remain in high demand in a land of superstitions. The explanation is simple: Only one machine does not depend on tests.
We like several horoscopes, coming from various sources.
India possesses a rich corporate gifting culture. It happens all year round. Corporate gifts include pens, wallets, mugs, and a large variety of items offered to workers and business associates.
Such products are usually illustrated with the business name and logo. You, too, can open this company with low investment with proper samples and contacts.
For a show for customers, you’ll need a wide variety of items and their samples.
Small and medium-sized businesses do not usually have a dedicated department for packaging their items. They recruit men- who sometimes can be unreliable.
Or, they outsource the job to small companies that are willing to prepare their things while sticking with deadlines carefully. You’ll need adequate packing materials such as cartons, strapping machines, and cutters, and, of course, a workforce to get into this market.
You can enter into this highly lucrative, small business concept with some chocolate making skills and little investment. Fast every primary pastry shop, and gift shop sells homemade chocolates.
They are in high demand as their taste varies significantly from the varieties produced in bulk, which are widely available on the market.
Many businesses order the sending of homemade chocolates to their business partners as gifts. During festive and wedding seasons, these chocolates are in high demand too. It is considered to be one of the best small business ideas from home.
A standard worldwide method is to affix one’s name plate outside a house or apartment door. Also, big names are often located outside houses, villas, and bungalows.
They choose nameplates with an elegant style or plain ones. Making these naming plates is a small business with a low investment, which anyone can quickly start. The market for these naming plates is year-round, and you can make decent profits from your company.
Wedding gowns used to be the keystone of the Christian culture. The idea of wedding gowns has, however, become popular among people of other faiths over the years too.
Bollywood movies have also made a significant contribution to popularizing the gown for the wedding.
The making of wedding gowns is a brilliant, low investment and high returns small business idea for men and women who are experts at designing fashions.
Alternatively, to ensure profit year-round, you should also sell other luxury wear.
If a qualified professional chef does not fancy the thought of slogging it out at a restaurant or food truck company, there is an alternative – cookery class. It is a phenomenon that is catching on among urban Indian families as something couples are doing together and making something that is delicious and nutritious. What’s more, these courses can also be done in person and online, or one might make a vlog teaching the intricacies of culinary skills to others. By taking advantage of the online route, the scope to expand and monetize from potential market segments that one might otherwise not be able to reach increases manifold.
I hope this article on small business ideas from home will help you kickstart a new career for you.