A simple reason for starting a business is to earn the profit. So, which are the best profitable small business industries in India? What makes business ideas profitable? These are some common queries bugging up every aspiring businessman. So, let’s try to get answers to these queries. Some of the most profitable small business industries are real estate, food processing, clothes, chemical, and agrochemical. Apart from this household based customized products are also in high demand. If you have capital and passion for starting a business here is a list of 20 Profitable small business industries ideas.
20 Profitable Small Business Industries Ideas
Manufacturing Small Business Industries
(1) Designer Cloth Manufacturing
The first profitable small business idea is designer cloth manufacturing. Designer clothes are always in demand. A young generation prefers a unique design when it comes to clothes. A cloth manufacturing business can be started with very low capital investment. You can even start this business part-time from home. You can expect 30-40% margin from this business.
(2) The welding Unit
The second profitable small business idea is establishing a welding unit. In the welding unit, you need to do fabrication work related to iron and steel product. You can manufacture window grill, shutter or customized product based on order. You can start this business from a small shop.
(3) Wood Working
Woodworking or furniture making is very good and profitable business idea. In this business, you need to make customized wooden products based on requirement. This business demands skill and lot of hard work. You can start this business from a small shop with small startup capital.
Also Read – 40 SMALL BUSINESS IDEAS
(4) Package Drinking Water
Pure drinking water is in demand today. Nowadays people prefer package drinking water not only at outside but also at home. This is because of increase in health awareness. So, starting a package drinking water supply business is a successful business idea. However, you need to make a considerable investment for establishing water filtering and package drinking plant.
(5) Plastic Product Manufacturing
Plastic products manufacturing is a low cost profitable business idea. The demand for plastic products like a mug, small container, water storage container and drums are very high. You can start this business with simple plastic dye machinery. However, in order to be successful in this business, you need to work on sales and marketing of these products.
(6) Jewelry Production & sale
The next manufacturing related business idea is jewelry production and sale. This business demands extensive skill, training, and investment. A profit margin associated with this business is very high. You can start this business from home.
Food Based Small Business Industries
The first food-based small business industries is a restaurant. A restaurant business is a most profitable business idea. A success of this business depends upon a type of location of restaurant and type of food served. If you are able to serve tasty food at a reasonable price you can rule the market.
(8) Snacks Making
The second food based small business is snacks making. Today almost everyone prefers readymade snacks at home. So, starting snacks making business could be a successful affair. You can start this business from home or from a small shop. Snacks making is a profitable business idea.
(9) Rice Mill
Rice Mill is one of the most profitable food processing businesses. There is a large marketplace for rice in India and abroad. Rice is an essential food of majority population in India. You need to undergo with series of approval for establishing this business. After approval, you need to purchase and install machinery for rice mill.
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(10) Oil Mill
The edible oil mill is a next food processing business idea. Edible oil is used in making almost every food item. In this business, you need to produce oil from food item such as peanuts, olives, fruits etc. You need to purchase oil milling machinery in order to start this business.
The next small profitable business is making milk products and selling. Dairy products related to milk are always in demand in the household market. You can earn good amount of profit by selling milk related product. You need small shop and small capital in order to establish a dairy business.
Home Based Small Business Industries
(12) Customize Gift Making
A first home based small business idea is customized gift making. You might have noticed that gifts have become an integral part of our life. We exchange gift on almost every occasion. It makes customized gift making a successful business idea. You can start this business from home.
(13) Chocolate Making
The second home based successful and profitable business idea is a chocolate making. The consumption of chocolate is very high in India. You can start this business with low investment from home.
Real Estate related Small Business Industries
(14) Real Estate Agent or Broker
One of the most profitable business ideas is a real estate agent or broker. It is unorganized sector business. This business can be started by anyone. It is zero investment business idea with a lot of profit.
(15) Interior Designer
Interior designer is one of the best real estate related small business ideas. In order to start this business, you require creativity and skills. You can earn a lot of money as an interior designer. You can start this business from home also.
Also Read – Top 10 Best Business Ideas for 2018
Service related Small Business Industries
(16) Recruitment Firm
The first service related small business idea is recruitment firm. Recruitment firm does not require a huge investment. You just need small office space and few contact to start with. Unemployment ratio is increasing and recruitment firm is in huge demand. Every student & professional requires a good job and they are ready to pay commission or fees for the services.
(17) Smart Phone Sale and Repair
Mobile phone business is growing in exponentially.Every common man today prefer the smart phone. The increasing smartphone usage offers a good business opportunity for sale and repair of smartphones. You need skill and capital in order to start this business.
(18) Automotive equipment leasing
Automotive equipment like luxurious cars etc is always in demand. If you have capital you can purchase automotive equipment and give it on rent. You can earn a lot of profit from this idea.
Others Small Business Industries
(19) Commercial and Industrial Machinery Equipment Rental
Commercial and Industrial Machinery Equipment Rental is a business idea that requires massive capital investment. However, if you ready to invest money you can purchase equipment like cranes, earth movers etc and give it on rent. You can earn a massive profit over a long run.
Also Read – 40 Small Town Business Ideas with low Investments
(20) Consultancy & Sub Contracting
The last successful profitable business idea is consultancy & sub contracting. This business idea requires domain expertise, skill and manpower. Big companies are ready to pay a lot of money for good consultant and contractors.
All business ideas mentioned above are proven and successful. If I have missed any profitable business idea do share it in the comment section. Also, share your comments and views about these business ideas.
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