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10 High Profitable Business Ideas

Shitanshu Kapadia
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10 High Profitable Business Ideas

profitable business ideas

There are several business ideas which are trending now. However, one would look at the high profitable business idea to start. There is no point in starting a business that can give low to moderate margins in the medium to long-term. This article would provide some of the high profitable business ideas to start now. One should start such business based on their interest and passion towards these businesses to be successful.

10 High Profitable Business Ideas

Here is the list of highly profitable business ideas to start now.

1) Interior Designing

These days everyone is thinking of having their dream home at a young age. They are even planning to spend money on interior designing to make it as beautiful home. If you can do interior designing course for few months, this could be good profitable business idea. When customer approaches, you can provide a plan and see that this is executed by your team and earn good profits.

2) Online Grocery Store

One of the evergreen ideas is a grocery store. These days both husband and wife are going for job and has less time to spend together. On top of this, they do not have much time in getting things what they need at home. You can start online grocery store in a particular city and delivery groceries at customer doorstep.

Also Read – 10 Most Profitable Business Ideas

3) Fashion Designing

Fashion Designing is trending in India now. You can do course about fashion designer and start your own fashion designing. Many women do not go for readymade garments as they don’t fit their exact size. Here is where you can encash such opportunity. You can open fashion designer store in your locality and engage few workers to run this business. This is high profitable business idea.

4) Jewellery Maker

Gold prices would go up or down. However, Indians would continue to love gold. They wear gold ornaments in weddings, birthday functions, get-togethers etc., One can start as jewellery maker and earn good margins.

5) Event Organiser

Life has become busy for everyone. People are looking for professionals to organize for weddings, birthdays, get-togethers etc., If you have a skill of getting people together, event organizer business could create wonders for you. You can employ few people and see that such events are successful. If you can get good name by conducting few events, customers would follow you automatically.

6) Catering Services

If you are good in cooking, you can start catering services which is high profitable. You need to have good masters who should be specialist in preparing food items. If you can deliver good food, with word of mouth, customers would automatically come to you.

7) Pharmacy Store

One more ever green business is pharmacy. With increasing population and abnormal food habits, individuals are being hospitalized for even small illness. With this scenario there is increase in pharma business. You can buy medicines at wholesale rates and sell them for retail and get good profits.

8) Mobile Store

Gone are the days where one used to keep their mobile or years together. These days people are buying mobile phones every 1 year or 2years.There is increase in demand as most of the family members at home are having mobile phones. You can open a mobile store in your locality which is a high margin business.

Also Read – 200 Small Business Ideas in India with Low Investment

9) YouTube Channel

If you have a passion to create unique videos, YouTube channel monetization could be a high profitable business. You can apply for Google Adsense for revenue monetization. You just need to keep pumping videos on a regular basis and you can get good money from this.

10) Mobile Food Court

These days people are worried more about getting good quality food at their work location. You can choose a good location and open mobile food court there. You don’t need to pay any rent as you prepare food on your truck and sell then and there. Many people are loving mobile food court as it comes with low cost and high quality. If you can maintain good quality good, this could be good profitable business idea.

Conclusion – The above are some of the highly profitable business ideas. You can choose one of the business ideas based on your interest and passion.

If you enjoyed this article, share it with your friends and colleagues through Facebook and Twitter.

This is a guest post from Suresh KP who is founder of Myinvestmentideas.com which talks about Best Investment Plans, Top Mutual Funds and Business Ideas.

Instant Cash Loan Online for Low Income group

Shitanshu Kapadia
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0
Instant Cash Loan Online for Low Income group

Cash Loan

A cash loan is a solution to your emergency cash requirement. Imagine a situation where you have an emergency cash requirement, may be due to medical emergency, unexpected expense or anything else. The first thing you do is arranging money from the emergency fund. However, if your cash requirement is not fulfilled by an emergency fund you have no other option but to approach your friends or relative for a short-term loan. It is one of the best and recommended option which can save time. It is extremely cost effective as you need to pay extra interest in most of the cases. If friends or relatives are unable to extend help you have no other option to approach your bank for a loan.

If you have instant cash requirement for short tenure and your relatives or friends are not ready to help you, you can opt for a cash loan. Here is a complete guide about Cash Loan and procedure for applying for a cash loan.

Also Read – Best Personal Loans – Important checklist to follow

What is Cash Loan?

Cash Loan is a perfect solution for your short term small cash requirement especially if you are from a low-income group. Cash loan is nothing but advance loan or personal loan. Cash Loan is a completely online process where one can obtain instant cash loan in a few minutes anytime, anywhere with minimum documentation.

A basic difference between a personal loan and cash loan is a cash loan is offered for small tenure and small amount. A cash loan repayment can be done anytime and a loan can be closed before the tenure or extended also based on requirement.

Who offers a cash loan in India?

Cash loan is not offered by most of the banks. There are few lending companies and mobile wallets offer these type of financing. Apart from that, there are several personal lenders who offer cash loan. The tenure of this loan is short and varies from 3 months to 24 months. The cash loan amount is in the range of Rs.5000 to 5 Lakh.

The lending companies offering cash loan are categorized as –

  1. Peer 2 Peer Lending Companies
  2. Mobile Phone-Based Payment Apps
  3. Credit finance companies

Let’s try to understand each category in detail.

Peer 2 Peer Lending – Online marketplace

Peer 2 Peer Lending companies are non-banking financial companies that operate online. These companies are governed by RBI guideline. Few best P2P lenders in India are Faircent,i2ifunding, lendbox.in, i-lend etc.

Peer 2 Peer companies do not offer loan by themselves they just offer a platform on which money is lent by individuals. The loan offered on this platform is known as a cash loan. Borrowing a loan via P2P is easier and less time-consuming.

Mobile Phone based Wallet

Mobile Phone based wallet is another way to get a cash loan or personal loan. The main service of the mobile wallet is digital payment. Advantages of taking a loan from the mobile wallet are minimum paperwork, faster processing, and disbursement etc.

Few mobile wallets that offer loan are given below.

Paytm – Paytm offers pre-approved collateral free loans based on transaction history.

MobiKwik – MobiKwik wallet offers an instant loan up to Rs.60000 to the customer in association with Tata Capital. The loan amount starts from Rs.10000. This loan facility is provided only if your MobiKwik account is KYC Complaint.

Bajaj Finserv Mobile Wallet – Bajaj Finserv has a tie-up with MobiKwik to offer instant credit facility to the customer. The customer can use this wallet to get an instant loan up to Rs.5000.

PayU – PayU India has recently tie-up with reliance money for offering instant cash loan. PayU Money will offer loan in the range of Rs.100 to 1 Lakh for a tenure of 15 days to 24 months. It is an excellent opportunity for a low-income earner looking for a short-term loan.

You might have observed that mobile wallets are not offering loan directly. Mobile Wallets have tie-up with third party creditors to lend money. This is a similar arrangement like P2P where individuals are lending money to the customer.

Credit Finance Companies

Apart from Peer 2 Peer companies and mobile wallet cash loan for short term is also offered by credit finance companies. The process of getting loan by these companies is completely online. Few credit finance companies offering loan are –

Home Credit India Finance Private Limited (HCIN) – Home Credit India Finance Private Limited provides mini cash loans up to Rs.50000. The loan amount starts from Rs.25000. It is an instant loan facility and completely online.

OptaCredit Fintech Private Limited – Opta Credit provides short-term instant loans from Rs.30000 to Rs.50000. It is completely online with a flexible repayment facility.

Payme India – Payme India is an online lender that provide short-term loan only to salaried individuals.

Please note that credit history and income details matter a lot for getting approval of cash loan and personal loan. If your credit score is poor or your income level is too low your loan application might get rejected.

Documents Required for Getting Cash Loan

The document requirement varies from lender to lender. However, in general for salaried individuals following documents are required.

  • Last 3 Months’ Salary Slips
  • ID proof
  • Residence Proof – If you are living in the rented house you need to submit a home rent agreement copy

The document requirements for businessmen are different. Companies generally ask for the last three years’ returns and bank statements for loans.

All these documents are required in the soft copy as you need to upload it on the website or in the app. In some cases, a company executive will visit you to collect the documents.

How to Apply for an Instant Cash Loan?

The method of applying instant cash loan is different in all the cases mentioned above. The steps you need to follow in each case are given below.

  • P2P lending – You need to visit the website of the P2P lender and register as a borrower. You will be asked multiple questions about your financial health. Once you are registered you can apply for a loan online.
  • Mobile Wallet – To avail loan from the mobile wallet you need to download the application on your mobile and register with your mobile number. You will be asked for various KYC details. Once you fulfill the requirement you will be eligible to apply for the loan.
  • Credit Finance Companies – Most credit finance companies offer loans online on the website. However, in a few cases where document identification is required, you may need to visit the credit finance company office physically.

Have you applied for an Instant Cash Loan Facility? Do share your experience in the comment section given below.

20 Popular Leasing and Renting Business Ideas

Shitanshu Kapadia
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0
20 Popular Leasing and Renting Business Ideas

renting business ideas

Renting Business Ideas – Do you want to start a business that generates a regular income whether you work or not? If YES, you can think of starting leasing or renting business.

Starting a renting business is one of the smart and lucrative ways of earning money. The concept of this business is simple, ownership of product or equipment lies with owner and owner is paid for usage.

Leasing and Renting business has become a profitable business option due to many reasons. Firstly, the affordability of people and their preference. Most of the people prefer luxury but everyone can’t afford it, so they prefer taking it on rent. Second, people have realized the value of money. If a product is available on the rent they opt for it, especially when it is used only for once or rarely. Thirdly, many businesses opt for equipment on rent instead of purchasing. So, it makes sense to start leasing and renting business. Remember, the startup cost of starting renting business depends upon product, space, and services that you purchase for rent. There are two types of products that are involved in the renting or leasing business. Movable assets and immovable assets. Make sure to carry out research before starting renting business.

If you have decided to start renting business, here is a list of 20 Popular Leasing and Renting Business Ideas for your ready reference.

Also Read – 40 Online Business Ideas with low cost

20 Popular Leasing and Renting Business Ideas

  1. Air Conditioning Rental Business

Air Conditioning rental business means providing air conditioning facility to the client by installing air conditioning machine on rent or offering air cooler on rent. Many people prefer taking air conditioner on rent during summer. Your potential customer in this business would be people who are temporary settlers or startup companies.  

  1. ATM Space Rental

ATM Space Rental or retail space renting is one of the most profitable business options. A retail space is always in demand. Banking organization always look for ATM space for ATM network expansion. Hence the demand for ATM space is very high. If you have enough capital you can plan to start ATM space rental business.

  1. Artificial Tent Renting

Artificial Tent Renting is next in the list of popular leasing and renting business. In this business, you need to rent a customized tent to the customer. Tents always remain in demand for various purposes like marriage, party, festival etc. The investment required for this business is moderate.

  1. Audio Equipment Renting

High-end audio equipment always remains in demand. Any function such as domestic, social or corporate requires public address system and audio devices. If you have expertise in identifying and managing audio devices you can start audio equipment renting business.

  1. Book Renting

If you love reading books you can think of starting book renting business. The business of book renting can include general as well as educational books. You need to have a good collection of books for starting this business. You can earn good money out of this business. You need to focus on marketing strategy for getting success in this business.

  1. Bus Rental

Another lucrative leasing business is bus rental especially at area where domestic travel is growing. This business requires a lot of capital investment. Most of the people opt for bus rental for tourism and social functions like marriage. Apart from that big company opt for bus rental for transportation of their employees.

  1. Car Rental

Car Renting is a traditional business. This business has grown multifold due to Uber and Ola. This business is an ideal choice for the city with a high density population. The primary business model is scheduling customer reservation and supplying car on rental. You can even think of starting an online portal for getting customer reservation. Apart from normal car renting, luxury cars are also in huge demand. If you have a capital for the investment you can start own car rental business.

  1. Conference Room Rental

Most of the startup companies and business require a conference room for the meeting, training, and other office related programs. If you are owning space in a commercial building you can convert it into a conference room with audio-visual facility and plan to offer it on rent. You can get a very good return on the investment.

  1. Construction Equipment Renting

Construction equipment renting is a high capital intensive business. A demand for construction equipment is at peak due to real estate and infrastructure development. Construction equipments are costly hence a majority of developer and company prefer to take these type of equipment on rent.

  1. Decorators

Decorators deal with the supply of decorative materials, chairs, stage, and other social function related items. These types of items are always in demand especially during a marriage, party, political party, conference etc. Thus starting own decorator business is a profitable affair. You need to invest a lot of money to start this business.

Also Read –40 Part Time Business Ideas from Home Online & Offline

  1. Electric Wheel Chair Renting

Electric Wheel Chair is required for disabled and handicapped people. It is a social cause but you can make money out of it. This business can be started in part-time also.

  1. Fancy Dress Renting Business

Fancy dress renting business is low-cost investment business. Fancy dresses are usually in demand at school for celebration of several events and even during several social functions, parties etc. You can start own fancy dress renting business and earn a lot of money.

  1. Furniture Rental

Many businesses opt for rented furniture especially when a requirement is for a few months or years. Rental furniture includes table, chairs, cabinet, desk etc. If you have sufficient manpower and capital to operate this business you can start this business. Make sure to use furniture which is reusable and long lasting.

  1. Gas Cylinder or Oxygen Cylinder Renting

Gas Cylinders are used in home segment. Many people relocate to a new location and they are looking for a gas cylinder on rent. It is one of the most profitable leasing and renting business. Along with gas cylinder, you can also start oxygen cylinder renting

  1. Medical Equipment Renting Business

Specialized type medical equipment such as waterbed, wheelchair, and walker are usually in demand. The client mostly prefers these types of equipment on rent as a requirement is for the limited period. This makes medical equipment renting business a lucrative business option.

  1. Multimedia Projector Renting

A multimedia projector is very useful equipment used in the conference room for training, presentation and seminar. Educational institute and startup business prefer to take multimedia projector on rent instead of buying it. This makes multimedia projector renting as a lucrative business option.

  1. Musical Instrumental Rental

A musical instrument renting is one of the best renting business ideas. As musical equipments are costly, people prefer to take it on rent instead of buying. Musical instruments on rent are required for learning music as well as musical events in office as well as social functions.

  1. Office Space Renting

Office space is always in demand. If you have a provision of huge capital you can start office rental business. You need to select space carefully preferably nearby market.

  1. Office Equipment Renting

Office equipment renting is another lucrative business idea. This business can be started with a moderate investment. Many start-up companies opt for office equipment for rental. Thus office equipment renting is a very good business option.

  1. Sign Board Renting

Sign Board renting is a very good rental business. It is an outdoor advertising business, where you need to give signboard on rent for advertising. This business requires lot of capital and manpower.

Tips for getting a success in Renting Business

  • Study your market. Know what your customer is looking for. If demand in market is high your chance of getting success is high.
  • Don’t buy more, buy smarter. Avoid idle inventory. It will cost you money.
  • Find best deal for product which you purchase of renting. You can think of buying used equipment to save more money.
  • Make sure to complete your paper work. It is very important in renting business.
  • It is desirable to create online presence for increasing business.
  • Make sure to take good care of product or equipment that you purchase on rent. Go for regular maintenance of product.
  • Treat your customer nicely, make sure customer becomes repeat customer.

Thematic Funds, Sectoral Mutual Funds – Good for Investment?

Shitanshu Kapadia
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0
Thematic Funds, Sectoral Mutual Funds – Good for Investment?

Sectoral Mutual Funds

Thematic Funds or Sectoral Mutual Funds are among few popular investment options. There are many success stories of earning roller-costar returns from the sectoral mutual funds. Looking at popularity and returns you might be interested in investing in Thematic Funds or Sectoral Mutual Funds. Before taking a decision of investing in these funds. Let’s look at What is Thematic Fund? Is it a good idea to invest in sectoral mutual funds or not?

Thematic Funds or Sectoral Mutual Funds

A Thematic Funds or Sectoral Mutual Funds are theme-based funds. As the name suggests, these funds invest in the specific sector or industry. The returns of sectoral funds are highly dependent on industry or sector where they invest. There is no diversification of investment in these funds.

These types of funds are recommended only for high risk aggressive and informed investors. If you are new to stock market you should avoid these funds.

There are various types of thematic or sectoral mutual funds. Few common categories of funds are given below.

Also Read – Top 20 Best Mutual Funds SIP to invest in India for 2018

Pharma or Health Care Funds – A mutual fund which makes an investment in stocks of pharmaceutical or healthcare related companies are known as pharma or healthcare funds.

Banking Funds – A fund that invests only in the banking stock is known as banking funds.

Technology Funds – A mutual funds that make an investment in IT companies stocks are known as technology funds.

FMCG Funds – These mutual funds invest in fast moving consumer goods companies.

Infrastructure Funds – The fund which makes an investment in infrastructure, metals, energy, and construction are known as Infrastructure funds.

The benchmark index of every fund is different. E.g For infrastructure fund Nifty Infra is benchmark similarly for FMCG, S&P BSE FMCG is the benchmark.

Should you invest in Thematic or Sectoral Mutual Funds?

If you are a highly aggressive investor you can think of investing in these funds. You should limit exposure to these funds up to 10% and invest only those funds which compliment your current portfolio.

Before making an investment in the sectoral fund, you should ask following questions.

  • A sector where you are investing is undervalued or not? – There is no point in investing in the overvalued sector.
  • What are the triggers that will help in boosting the performance of the sector? – If you don’t find two-three trigger points you should not invest in that sector.
  • How long will you keep your investment? – You should estimate the time period up to which sector will continue flourishing.
  • What will be your allocation in the specific sector?
  • How much money you can risk and what will be your exit strategy?

If you have sure shot answers of above question you can opt for thematic or sectoral mutual funds for investment.

Points you should remember while investing in Sectoral Mutual Funds

Portfolio Hedging

Sectoral Mutual Funds provides portfolio hedging to the investor. Let me give you an example currently the entire stock market is outperforming, but pharma and healthcare sector is not performing. However, a new social initiative of boosting health care by the government of India and probable FDA relaxation will be a trigger point for the healthcare sector in days to come. Similarly, the petrol price is increasing which is adversely affecting the economy and driving inflation at a higher level, but it is beneficial to energy sector companies and mutual funds.

You should limit the exposure

One thing you should understand when you invest in these types of funds is a performance of the fund is not guaranteed. A chance of gaining and losing money both is high. This means it is advisable to limit the exposure to these funds.

Investment Horizon

You should decide the investment horizon before making an investment in this fund. A sectoral fund is not recommended for a short-term period. You should keep an investment horizon of at least five years while investing in thematic funds.

Selection of Sector and Entry Exit

The selection of the sector is important while investing in these types of funds. Apart from the sector, you should also select an entry and exit point carefully. You should not invest in the sector which is overvalued.

Track Portfolio

Tracking portfolio is essential when you are making an investment in the thematic fund. You should have time to track portfolio and related news about a sector where you have invested money. Please remember that every sector goes through a cyclical phase of rising and fall in the specific investment horizon.

Do you prefer investing in Thematic or sectoral mutual funds?

Please share your views in the comment section given below.

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