Best Business Ideas for Women – Today Women are aspired to start new business and they are looking for new business ideas. In order to help them we are herewith 10 Best Business Ideas for Women. Have a Look.
The Business Ideas for Women are:
10 Best Business Ideas for Women
Beauty Parlor: Beauty Parlor is most popular and common business idea of woman. Every woman loves to do makeup and stay up to date with this modern era. This makes idea of beauty parlor successful. To open a beauty parlor you just need basic equipments, quality products of cosmetics and training. This business can be started with low investment.
Independent Consultancy: You can start your independent consultancy business if you have good knowledge of market and have good contact with people. You can start this business with low investment.
Boutique:Cloth and accessories are most favorite things of the woman. If you are good at selection or design of the cloths you can think of opening boutique. You need to keep unique designer cloths and accessories to become successful in business.
Restaurant:If you are good at making food, you can start your own restaurant business. If you are not comfortable in making investment you can start household business of Tiffin service.
Internet Business: If you are good at doing technical job online you can start your freelancer business. You can take project online and work from anywhere. You just need computer and internet connection. This is one of the easiest business ideas for woman.
Fitness Center:You need investment to start your own fitness center. This investment is towards buying equipments in Jym. If you can afford this it is one of the best business ideas. Now a day people are ready to spend money to stay fit. It is ever green business. Moreover, if you are a Yoga Expert, you can start sessions for yoga as well in your fitness center. What an amazing idea! Isn’t it?
Child Care Center:Women are best at handling kids. If you love playing with kids you can start your own child care center. You need to plan some interesting activities and games which children like. You can charge fix fees for the child care center.
Tution Class:You can start your Tution class at home. In order to start tution class you need to be good at teaching children’s. This is ever green business and can be started with low investment.
Stitching Jobs:If you know stitching jobs you can start home base stitching jobs. This business can be started by woman with very low cost.
Hobby Classes:You can also think of starting hobby classes. In order to start hobby class you may need to hire expert in respective areas like drawing, craft, music, dancing etc.
These business ideas are best business ideas for women and can be started with low cost. Hope you like these ideas. If you have any queries you can post it in comment section given below.
One of the simplest ways to earn extra money is data entry job. You can work on online data entry jobs and easily earn Rs 30000 to Rs.50000 per month. Your income from online data entry jobs depends on the type of work, your typing speed and time spent by you.
If you want to earn extra income online here is 20 Online Data Entry Jobs for you. You can start this job from home without any investment. Go through each & every data entry jobs to find out which is best suitable for you.
Types of Data Entry Jobs
1. Captcha Entry Jobs
Captcha entry job is one of the simplest data entry jobs. Captcha is a security mechanism that is used to identify that who is interacting with web page human or robot. Captcha is an image with random alphanumeric text which the only human can read and solve. Captcha solving is a must when you open email account, net banking account, sign up for a website. It is used to protect a customer from hacking and other malicious activities.
There are many organizations which need manpower to generate different types of Captcha text to improve protection mechanism.
On the other hand, many companies hire a person to solve captcha for registration of e-mail or other accounts.
How much can you earn from Captcha Entry Job?
Your income from captcha solving job completely depends upon you. You can earn money from Rs 10000 to Rs.30000 based on your typing speed and captcha solving speed. You can get captcha solving work from sites like 2Captcha, megatypers, protypers and clixsense.
Copy Paste data entry jobs are jobs where you will be paid for doing a simple copy and paste job. The data could be text or image. Your job is to copy it from client and paste it on the server. The text matter may be 1 word, 1 line, 10 line or several pages. You have to complete the job in fix time otherwise company might terminate your account.
Copy Paste job is required when a company wants to generate a similar type of content.
It is also required while company wants to make single content from multiple readymade sources.
The copy paste work is also used in Ad posting work for a classified website.
You can make daily Rs.500 from copy paste jobs. Your income depends upon your speed and knowledge.
3. Micro Jobs
There are numbers of websites where you can find micro jobs related to data entry. Micro Jobs are a small job that can be completed in few hours. Online micro Jobs is one of the most recommended methods for earning extra money using data entry. Some examples of Micro job task are like typing letter, e-mail, making documents etc.
You can earn $100 to $500 monthly from micro jobs. Some legitimate website for getting micro jobs are guru.com, clickworker.com, fiverr.com
One of the basic data entry jobs is typing. In the typing jobs, you need to type specified text from hard copy to an excel spreadsheet or a word document. You only need a typing speed of 30+ words per minute. In order to increase your typing speed, you can start practicing on the keyboard.
5. Survey Forms
The next online data entry job is filling up a survey form. In survey form job you need to fill up survey form on the website. This form contains questions about products which help companies to improve a product. You need to give honest feedback. You can earn up to $500 by doing survey form filing job.
6. Image to Text
The next data entry job is converting an image to text. You will be given image file containing text. You need to read the text and type it in a word document. You can easily earn $300 by doing this type of jobs.
7. Medical Transcription
The medical transcription is most popular data entry job now a day. In this job, you need to convert voice recorded report into text format. You need to be extremely good at listening skill. Knowledge of medical terminology will be added advantage.
The next job is formatting in this job you have to format the word documents. It could be related to indentation, aligning text etc. You should have knowledge of MS word document.
9. Content writing
The next most promising job online is content generation or content writing. In this job, you have to write a meaningful article. The article length varies from client to client. This job demands a lot of dedication and time.
10. Catalog Making
Catalog data entry job is for creating an inventory list in excel. This inventory list includes the product name, description, associated serial number, and price. The payout, in this case, depends on a number of catalogs made by you.
11. Proofreading and Copyright
Proofreading and copywriting is the job of reading content and making sure that there is no mistake in the content. You should be extremely good at reading and identifying mistake. The next associated job is copyrighting where you need to identify that content is original and not copyrighted.
12. E-mail Writing
In the job of e-mail writing, you need to write an e-mail and send it to a specific address. You might be asked to write a number of emails in a day. It is an exciting job.
13. Prototype Typing Job
The next data entry job is prototype typing where you need to convert content from physical write-up to electronic format. The amount of money that can be earned from this job depends on the size of content converted by you.
14. E-book Conversion
The next idea of online data entry is e-book conversion. In this idea, you need to convert an entire physical book in e-format. You can type the content or use OCR based scanning for the same.
In audio to text conversion job, you will be given pre-recorded audio tape. You need to convert this audio into text. You will be given money based on per clip conversion.
16. Captioning
A Captioning job is writing a text of what was said in the video and time codes for when captions should display. Once you make text file you need to email the file. You will be paid based on length of a video.
17. Reformatting and correction
A reformatting and correction is a job of rearranging text and correcting mistakes already highlighted. It is one of the easiest data entry jobs.
18. Business Card Data Entry
The next data entry job is business card data entry. In this job, you will be given multiple business cards. You need to make entry of specific data from each business card like phone number, designation, name etc.
19. Yellow Pages Data Entry
In yellow page data entry job you need to enter a relevant data from source to yellow pages. You will be paid based on the creation of every yellow page.
20. Application code Data Entry
The last data entry job is application code data entry. It is advisable to get knowledge about programming as it demands skill of formatting code.
So these are some of the data entry jobs available online on the Internet. You need to find out more about these jobs and prepare yourself to become a data entry operator.
Retirement Planning is an important exercise. However, many people do not take it seriously. This may be due to lack of knowledge, a lake of time or ignorance towards retirement planning.
When I was in college my professor use to tell us one simple thing – Dying early is a big risk, so that living a long life is. (जल्दी मरना जितना बड़ा रिस्क है उतना ही बड़ा रिस्क है लम्बा जीना!) when everyone wants to live a long life why professor said so.
Let’s try to understand this with detail. At the time of independence average life expectancy of Indian was 32 years. This means in the year 1947 expected lifetime of Indian was very less. However, today situation has changed. Life expectancy of Indian is increased. On an average life expectancy is 80 years as of today. This means that after you stop earning at the age of 60 years (retirement) still you will be alive for 20 years (approximately). This 20 years of retired life will be the golden period of your life if you have done proper retirement planning.
As you have stopped earning money after 60 years, you will be relying on the wealth accumulated by you. If you have not done proper retirement planning it will be risky for you to live long. I hope now you are able to relate to the statement made by the professor.
So, the question arises of how much retirement corpus is enough for living a comfortable retirement life.
It is a complex task to know your retirement corpus. As it depends on many things such as.
Inflation rate
Your retirement age
Liability amount
Source of income after retirement like interest on investment, rental income etc.
This means adequate retirement corpus amount will be different for every individual. However, if we do some calculation we can easily get details about fund required at the age of retirement.
Luckily we have one retirement calculator on Nippon India site. This calculator will help us in calculating retirement corpus.
So, let’s try to find out retirement corpus in three easy steps.
Retirement Planning in 3 easy steps
Step -1 Make estimate of your expenses
First, you need to make an estimate of your monthly expenses. You need to include following things in your list.
Household expense
Entertainment
Utility bills
Insurance
Rent Amount
Health Expense
Once you get details about your monthly expenses you need to find out what will be monthly expenses at the time of retirement.
Let’s say your monthly expense is Rs.30000. This means if you retire today you will need Rs.30000 every month to live a comfortable life.
Step -2 Find out what will be a monthly expense at retirement age
Our estimate of monthly expense Rs.30000 is for today. However, let us say you will be retiring after 30 years. So, the question arises what will be an expense at the time of retirement?
In order to know this, you need to apply the inflation rate on the current amount.
Due to inflation amount required after 30 years will be comparatively higher. Let’s say today we spend Rs.300 for watching a movie after 30 years this amount could be Rs.1500.
Historically, the average rate of inflation is 6%. If we assume that the inflation rate will remain 6% for the next 30 years then your future monthly expense after 30 years will be 1.8 Lakh.
This means after 30 years you will need 1.8 Lakh x 12 = 21.6 Lakh yearly.
Step -3 Calculate retirement corpus based on yearly expense
Now you need to think that if you need yearly 21.6 Lakh after 30 years what would be a magic figure of retirement corpus that will generate yearly interest of 21.6 Lakh.
If we consider that investment done in various financial instruments will fetch 8% return we can easily calculate retirement corpus.
Let’s do simple mathematics.
Simple Interest = Principal*Rate of Interest*Time(years)/100
2168124= (Principal*8*1)/100
So Principal = 27101550 ( 2 Cr 71 Lakh)
Have you calculated this amount earlier? If yes you must have acted on the requirement of the corpus.
If not, a time has come to act upon creating a retirement corpus. The only thing you need to do in order to create retirement corpus is “Investment”.
You need to find out a best possible financial instrument that will help you in generating this corpus.
You can invest in mutual funds, fixed deposit, equity market to generate this corpus.
I hope the information given above will help you in doing your retirement planning.
Rakesh Jhunjhunwala, Vijay Kedia, Porinju Veliyath and Dolly Khanna are considered as India’s Top Investors. These Top Stock market investors inspire us with their knowledge and investment strategies. They are masters in stock market investment. Studying strategies followed by these stock market experts always help newbie or veteran investors in making money from the stock market. So, here is India’s Top Investors and their investment strategies along with latest stock picks.
India’s Top Investors and their Latest Stock Picks
Rakesh Jhunjhunwala
Rakesh Jhunjhunwala, Age -57
Founder – Rare Enterprise
Rakesh Jhunjhunwala is most successful Indian Investor and Trader. He is a qualified Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. He started a stock market investment with a small capital of Rs.5000 and generated a lot of wealth from the stock market.
Investment Strategies and Tips by Stock guru Rakesh Jhunjhunwala
Buy for Long-term
Rakesh Jhunjhunwala always buys stocks for long term. Buy right and hold tight is his philosophy. He is holding stocks like Titan, CRISIL, and Lupin since past several years. He has made a lot of profit by adopting this strategy.
Future Business Potential
Rakesh Jhunjhunwala has shared multiple time in his interview that one should look for future business potential while investing in the stock. If you are able to visualize bright future with good business potential don’t wait.Rakesh Jhunjhunwala gives a classic example of Infosys and Wipro. He says that if you could have realized the potential of the internet revolution and upcoming offshore business of these companies you could have become crorepati by investing in these companies.
Invest only in what you know
Next investment strategy followed by Jhunjhunwala is invest only if you know. Never jump in the unknown area. You should have the understanding about business and product of the company.
As per data available at BSE stock exchange (Q3FY18) the billionaire investor RJ increased stake in Titan Company Ltd. and drugmaker Lupin Ltd. He has also purchased additional 15 lakh shares in Sanjiv Goenka-promoted IT outsourcer Firstsource Ltd.
Vijay Kedia is well-known stock market expert and investor. He has made a portfolio of 500 Cr starting from Rs. 35,000. Vijay Kedia is a common man with an uncommon intelligence. His stock market strategy and investment style are followed by many investors blindly.
Vijay Kedia Networth – 500 Cr
Investment Strategies and Tips by Stock guru Vijay Kedia
Stock Fundamentals are important
Vijay Kedia believes that fundamental of stocks are very important. One should make the investment based on stock fundamentals and not on tips or advice.
Never use borrowed capital for Investment
One should never use borrowed capital for stock market investment. Stock market investment is risky affair use your own capital for the investment.
Book Profit Periodically
Next piece of advice from Vijay Kedia is one should book profit from stock market periodically. If you reached the target or if you find stock overvalued it is good to book profit in the stock.
As per data available at BSE exchange Vijay Kedia has increased stake in Cheviot Company. He has also added stock of Everest Industries in his portfolio.
Porinju Veliyath, Age – 55
Founder – Equity Intelligence
Porinju Veliyath is an ace investor and self-made man. From a homeless person, he has become one of the most respected value stock pickers of India. He is famous for the selection of multi-bagger stocks.
Investment Strategies and Tips by Stock guru Porinju Veliyath
Identify and Invest in Future Multibagger
Porinju Veliyath always identifies and invest in the future multi-bagger. Geojit Finance & Shreyas Shipping & Logistics are examples of multi-bagger stocks he selected. So, the takeaway here is to identify and invest in future multi-bagger stocks.
Buy lesser known high-quality business
Next strategy adopted by Porinju is buying a lesser known high-quality businesses. He is a master in identifying such stocks. The entire portfolio of Porinju is full of lesser-known stocks.
Invest in companies with clean balance sheet and clear business visibility
Porinju follows a method of investing in companies with a clean balance sheet, strong management, and clear business visibility. One should also adopt similar method when it comes to stock market investment.
As per latest updates Porinju Veliyath has increased stake in Logix Micro(IZMO). He has added Raunaq EPC and JIFT Infralogistics in his portfolio. He has sold stocks of Vamshi Rubber and Vedavaag Systems
Dolly Khanna is Chennai based homemaker and investor. She is famous as a lady with Midas touch. She along with her husband Mr.Rajeev Khanna Invest in stock market aggressively. This successful couple inspires a lot for stock market investment.
Knowledge and Skill are very important for stock market investment
As per Dolly Khanna and Rajeev Khanna knowledge and skill are very important for the stock market investment. You should gain maximum knowledge about the company before investing. You should never ignore Information that is available publically. Gain knowledge to identify opportunity.
Never miss an opportunity
Every opportunity has cost. You should never miss an opportunity for investment. Time and value lost by not investing in stock never come back.
As per data, dolly Khanna have increased 1 % in GNFC and home appliance maker Butterfly Gandhimathi Appliances Ltd. They have also added additional shares of Rain Industries Ltd in their portfolio.
Do you follow investment strategies of top stock investors of India?
Please let us know your views in the comment section.
