Small Business Ideas for High Profit with Low Investment
Many young and dynamic people in India want to earn big money by starting their own businesses. They are always in search of small business ideas with low investment. To support them here is an extensive list of 250 Small Business Ideas with Low Investment and High profit. These business ideas also suit college students, housewives, and women. These business ideas are independent of geographical restrictions and market scenarios. These business ideas will work everywhere, be it Mumbai, Chennai, Delhi, Ahmedabad, Surat, or Hyderabad.
I have categorized every business idea based on its type and investment required. The list also includes part-time, home-based, and online business ideas.
Sounds interesting right?
Go through the entire list of small business ideas and shortlist one or two based on your skill, business potential, and investment required.
The categories in which these business ideas are divided are given below.
- Creative Small Business Ideas
- Best Home Business Ideas
- Part-Time Business Ideas
- Best Low-Cost Business Ideas
- Online Business Ideas
- Profitable Business ideas
- Big Investment Business Ideas
- Retail Business Ideas
- Wholesale Business Ideas
- Manufacturing Business Ideas
- Renting Business Ideas
- Import Export Business Ideas
- Technology-Based Business Ideas
- Agriculture Business Ideas
- Service-Based Business Ideas
- Trading Business Ideas
- Future Business Ideas
Creative Small Business Ideas
1 Children Play/Adventure Area
The first unique and profitable business idea is a children’s play area or adventure place. Children love spending time in creative play areas or at places where they can feel adventure. You can start your own business by establishing such a place. The investment required for this business is moderate.
2 Pregnant lady Exercise class
The second unique business idea is related to women. It is a pregnant lady exercise class. You need to get trained in order to open this type of business. It is a unique business and the success rate of such business is high.
3 Tea/Coffee Café
One of the best creative business ideas is a tea or coffee café. In this business, you need to establish a unique tea or coffee café in terms of ambiance and furniture. You can also think of serving tea or coffee with a unique test. You can start this business on your own or on a rented premises.
4 Custom Gift Store
Custom Gift Store is among one of the best creative business ideas. In this business, you need to serve customers by offering customized gifts as per their requirements. A few examples are printed t-shirts, mugs, customized cards, photo albums, watches, mirrors, card holders, etc. You can open this store online or offline. The success rate of this business is high.
5 Antique Business
Antique product business is a very good business idea. In this business, you will be dealing with antique items and furniture. You can start this business by arranging an auction or by opening a small shop. It is a luxurious segment business and finding buyers in this business is difficult. However, it is a highly profitable business.
6 Game Organizer at Event
The next creative business idea is becoming a game organizer at events such as birthday parties, anniversaries, etc. You have to be extremely good at communication and creativity in order to succeed in this business.
7 Hot Air Balloon or Boat Ride Services
Business Ideas in the adventure category are Hot Air Balloon service businesses or Boat Ride businesses. This type of business demands huge investments and skilled manpower. You will also need a big open space where you can start this business.
8 DJ Services
A music lover person with creativity can think of starting a DJ services business. You need to have the right skills and experience to start this business. You need CD Players, turntables, and mixtures for the DJ business.
9 Chatbot services
A Chatbot is a next-generation business. In this business, you need to build bots as per business requirements. A business of chatbot demands a lot of technical expertise and knowledge. The investment required for this business is low.
10 Interior Designer
One of the most popular and creative options for the business is becoming an interior designer. If you are from civil or architectural background you can start an interior design business.
11 Dance Coaching
The dance coaching class is among one of the best business ideas. It is a low investment in creative business ideas. You can either hire a dance teacher or plan to become a dance teacher by learning dance. The investment required for this business is very low.
12 Music Tutoring
Setting up a Music Tutoring business is next on the list of creative business ideas. This business demands specialized skills and a lot of experience. If you are new to music, I suggest not going for this business. You can start this business from home also.
13 Unique Seasonal Ice Creams
If you are planning something innovative you should look at a unique seasonal ice cream business. However, you need to develop a formula for making unique ice creams. This requires time and skills.
14 Hair Business
A hair business idea may sound unusual to you. However, it is a fact that the hair business is a highly profitable business idea. A lot of hair is imported from India and used for making wigs.
15 Ethnic Food Service
Another home-based business idea is ethnic food service. You can serve Ethnic Food for your community at your home. You can charge money for this. If you are good at cooking food this could be a very good business option.
16 Funeral Services
Funeral service is a new concept in India. These types of organizations help families and relatives to make a decision and give them advice about the ritual of the funeral. Not only that they will arrange for all material required during the funeral ritual.
17 Doula Services
Doula service is a new concept in India. Doula’s services mean providing emotional, physical, and assistance in getting the information she needs to make empowered decisions throughout her pregnancy, and birth.
18 Organic Farming
People have become health conscious and aware of the benefits of organic vegetables and fruits. If you have some land, it gives birth to a new opportunity to start organic farming. It is a low-investment and high-profit business idea.
19 Mobile Garage Service
Opening a mobile garage by keeping mobile manpower/repairers is a good business idea because usually, car breakdown takes place in areas where garage service is not available.
Best Home-Based Business Ideas
1 Home Chocolate Business
Chocolate is one of the great products for the home business. If you love making chocolate make it your business. You need chocolate recipes, utensils, cookware, molds, and packing materials to start this business. You need to tie up with shopping malls or small shopkeepers to purchase your chocolate. You can think of creating an online presence also. The investment required for this business is low. Home Chocolate Business is also one of the famous business ideas in Delhi.
2 Tuition Class
Starting at Tuition Class is one of the best home-based business ideas. If you have good teaching skills and knowledge you can start this business. You just need a few wooden benches and a blackboard for starting this business. At the initial stage, this business demands mouth publicity or advertisement.
3 Recruitment Services
One of the most popular home-based business ideas is a recruitment services business. In this business, you just need data on candidates looking for Jobs. Just refer a candidate to the company and get a commission out of it. It is a very good small business idea.
4 Tailoring Services
If you are a housewife and want to earn part-time money you can start tailoring service at home. This business does not require much investment, you just need a tailoring machine and knowledge of sewing clothes. To begin with, you can start cloth altering and cloth modification. If required get necessary training on sewing.
5 Tiffin Services
Starting tiffin services is a very viable home-based business idea. Everyone needs food, if you are good at cooking tasty food at a reasonable price you can start this business. You need to do proper market research before starting this business. The investment required for this business is very low. Tasty food and timely delivery is the success mantra of this business.
6 Cooking Class
A housewife expert in cooking can start a cooking class at home. You may need to buy some equipment like an oven, tandoor, chopper, etc. to make your cooking easy. You may need extra room or space for a kitchen to teach all students. You may need to take training to improve your culinary skills in making specialized food such as Thai, Chinese, Italian, etc.
7 Hobby Class
Opening Hobby class is next on the list of best small business ideas. In hobby class, you can teach dance, crafts, drawing, music, etc. This idea is suitable for women and housewives.
8 Yoga Class
Starting a yoga class is one of the profitable and lucrative home-based business options. The wellness industry in India is growing at a faster pace. People are changing their mindset from a remedial to a preventive care approach. If you are a certified yoga teacher or expert in yoga you can start your own Yoga Class. First, decide the type of Yoga you will be teaching and your competency. Next is deciding the place and investment required for the business.
Also Read – 5 Small Business Apps to improve your business efficiency
9 Spoken English Coaching Class
Spoken English coaching is a popular home-based business idea. If you are fluent in English you can start Spoken English coaching classes. English is a globally recognized language. People are ready to spend money to develop a skill related to spoken English. The class can be started with minimum investment. However, you have to be perfect and professional in teaching English.
10 Foreign Language Coaching Class
Learning a foreign language is a trend today. Students and working professionals both opt for learning a foreign language. French and Spanish are popular foreign languages. If you expert in any of these languages you can start a foreign language class.
11 Insurance Agent
The next home-based business idea or profession is an insurance agent. In this business, you need to sell insurance policies. You will earn a commission on every policy. You should have good communication skills and convincing power to become successful in this business.
12 MLM – Network Marketing
MLM is also known as a referral marketing business. In this business, you need to sell the products and services of the associated company. Your income includes income from your own sales and percentage income from the sales group that is recruited by you. It is a team business that demands a lot of hard work and dedication.
13 Marriage Bureau
One of the best home-based business ideas for housewives is a matchmaking or marriage bureau. It is the simplest form of business where minimum investment is required. All you need is a database of boys in girls searching for the better half. Your income will be membership registration fees.
14 Medical Sample Collection
Pathology clinics are always searching for people who can collect medical samples on their behalf. If you have knowledge of blood specimen collection you can enter into this profession. It is a less competitive business option.
Part-Time Business Ideas
1 Errand Services
Errand Services is a very good part-time business option. In this business, you need to extend services of doing errand tasks such as banking, grocery shopping, paying utility bills, delivering things, etc. This business does not demand any special skills.
2 Party planner
The party planner is next on the list of part-time business ideas. In metro cities giving a party is culture. If you are planning to start a business in the metro city, providing planning services for a party is a good business idea. This business demands very good management and planning skills.
3 Fitness Trainer
If you love doing physical exercise and you are certified in fitness instructing you can become a fitness trainer. There are various institutes offering this type of course. You need to do a lot of hard work and maintain your diet to become a fitness trainer.
4 Accounting and Record Keeping
A finance person with expertise in software can start an account and recordkeeping business. In this business, you need to keep records of all financial business transactions. You can get fixed money for this. You will need special training for this business.
5 Day Care Services
Daycare service is becoming one of the lucrative business ideas in India. Working couples are always looking for a safe and secure place to keep children. If you like children you can start child daycare to take care of children for a few hours after their school. However, you need to make a small investment or require a suitable place to start child daycare.
6 Sofa Cleaning Services
Cleaning services at home and office are always in demand. If you have a team of semi-skilled or unskilled manpower you can start this business. You need a vacuum cleaner and chemicals for cleaning the sofa business.
7 Wedding Planning Services
Wedding planners are always in demand. If you have planning skills and staff, you can start your own wedding planning services. This business demands moderate investments.
8 Visa Consultant
Good visa consultants are always in demand. If you know visa rules and regulations then you can plan to establish your visa constantly firm. It is highly profitable business idea.
9 Personal Chef
A personal chef is a person hired by different clients to prepare meals. If you have the skill to make tasty food you can become a personal chef. You can generate moderate income from this business.
10 Sport Coach
A sports coach is a person involved in the training of the operations of a sports team or of an individual sportsperson. You need to have an appropriate qualification like a degree in sports coaching.
11 Business Idea of Event Management
If you are good at planning and execution skills you can become a good event planner. In this business, you need to do end-to-end event management. You need competent manpower to start this business.
Best Low-Cost Business Ideas
1 Mobile Food Shop
Mobile Food Shop is becoming a popular business option in India. In a mobile food shop, you need to serve food on the move. You can buy a small old vehicle and convert it into a mobile food shop. The investment required for starting a mobile food shop business is low.
2 Fast Food Parlor
Fast food is the first choice for everyone. Therefore, starting a fast food parlor in the center of the city could be a very good business option. You need to serve tasty and healthy food at an economical rate to get quick success.
3 Diet Food Shop
The next small business idea is a diet food shop. A lot of people are interested to reduce weight and are ready to accept diet food. Thus starting a Diet Food store will surely turn out to be a profitable affair. You need to do a lot of research before starting this business.
4 Health Drink Parlor
Another health-related business idea is starting a health drink parlor. Neem Juice and Neera are some of the famous health drinks. People are fond of this type of drink. Thus starting a business related to health drinks is a very good affair.
Also Read – 30 Food Business Ideas with low investment
5 Ice Dish & Soda Shop
Ice Dish and Soda Shop are popular low-cost business ideas. The profit margin in this business is very high. You need to make a small investment in purchasing an ice snow maker and soda maker. You will also need semi-skilled manpower for this business.
6 Courier Shop
Courier shop is an evergreen business option. Many people today look for better shipping costs and timely delivery if you can manage it this business is for you. You can also take a franchise of a reputed courier company.
7 Laundry Shop
The next business idea is a laundry shop. You can start a laundry shop with a low investment in a rented shop. You need labor helping you in doing laundry work. This business is for low-skill uneducated people.
8 Candle Making Business
Candle-making is a low-investment business idea. This business can be started from home also. You need raw materials such as mold, and materials for making wax. You can think of buying a readymade candle-making machine for bulk production.
9 Soap Making Business
One of the simple business ideas with low investment is soap making. To start this business, you need to understand the complete process of soap making. You will need soap mold and raw materials to make soap. You need to put a lot of effort into the advertisement and marketing of your soap.
10 Idol-Making Business
One of the creative low-cost business ideas is idol making. This business demands a lot of skill and creativity. Idols are used as a showpiece or as a decorative item. A festival season like Ganesh Chaturthi, Durga Puja demands an idol. You can start making an idol and generating money out of it.
11 Bag Making Business
Leather and Plastic bags are always in demand. You can start this business with moderate capital. All machines and raw materials used for its manufacturing are easily available from indigenous sources and not much technology is involved in manufacturing. At a later stage, you can customize and start bag printing.
12 Pickle Making Business
Pickle-making is a home-based business option for women. This business can be started with low investment. You just need the skill of making pickles. Good packaging, advertisement, and marketing are key in order to succeed in this business.
13 Papad Making Business
Along with pickle making you can think of starting papad making business. It is one of the best business ideas for women. In order to start this business on a large scale, you need to employ a number of people. In the long run, this could be a profitable business.
14 Fruit Jam Making Business
Fruit Jam making is a low-cost business idea. This type of business is generally suitable in hilly areas, where the cost of raw materials (fruit) is low. You need a good fruit jam-making machine and raw materials to start this business. You need to spend money on advertising.
15 Career Counseling
Parents and students are always looking for a good career counselor for the selection or the right career and study option. They generally seek guidance/support from an expert. If you are an expert in this area you can become a good counselor and earn money.
16 Food Catering Business
The food catering business is an evergreen business option. This business demands planning and execution skills. You need to serve tasty food in order to get quick success in this business.
17 Real Estate Agent
One of the highly profitable business ideas is opening a real estate agency. In this business, you need to help people in finding the right property for rent or sale. You can earn a hefty commission from every transaction.
18 Aggarbati & Beddi Making Business
Another small-scale business is Aggarbati & Beedi making. This business does not demand any skill. There are readymade machines available for making Aggarbati. You just need knowledge of manufacturing and marketing.
19 Religious Items Shop
The religious items business is an evergreen business. Religious items such as Diya, Dhup, Murthi, and Shankha are always in demand. You can start this business and earn a moderate income.
20 Pest Control Services
Many people today call pest control person at home or at the office. This gives birth to a business idea called as pest control. You need good labor to start this business.
21 Paan(Leaf) Store
Paan(Leaf) Store is a low-cost business idea. In this business, you need to prepare and sell various types of Paan, tobacco, mukhwas, and cold drink items. Paan is widely used as a mouth freshener in India. You need to learn to make unique paan. You can serve it in different styles such as covered with silver foil, spread with gulkand, and other items.
22 Landscaping Service
The demand for Landscaping service providers is increasing. If you have expertise in maintaining and growing a good landscape you can start this business. Make sure to carry out research before starting this business.
23 Aquarium Shop
The aquarium is a good low-cost business idea. It is very good to keep a fish tank or aquarium in the home. The aquarium gives a pleasant experience and peace. It is even good for Vastu. You can start your own business by opening an Aquarium shop.
24 House Repair Services
Every house demands repairing, thus starting a house repairing business could be a very good business option. If you have knowledge of civil and construction you can start a house repair service business.
25 Palm Reader or Astrology
Palm Reader or Astrology is the next business idea. You need to undergo training or course in order to become a palm reader or astrologer. You can easily earn around Rs.25000 per month from this business.
26 Fumigation Services
Fumigation is a type of pest control where you need to fumigate the material intended for export. You need special chemicals and equipment for this service.
27 Spy & Security Services
Today more and more people are adopting the Western culture, which gives birth to a requirement of spy or detective. Many individuals and companies take the services of detectives today.
28 Car Pooling Services
Carpool means sharing a single car for going to the same destination. This will split fuel costs and thus it will save money for an individual. You can start a service by identifying potential customers, linking them up, and charging a fee for the facilitation of such a service.
29 Software Training
An IT expert can start a software training business. You need expert trainers in this field. You can select computer languages such as C, C++, JAVA,PHP,.Net, HTML, etc.
30 Puja Service
There are many people who are looking for good puja service. If you are in touch with a group of pundits you can start your own puja service business. You need to book the service call and charge a commission from the customers.
31 Birthday Party Decorative Items Shop
Birthday Party decorative item shop is next on the list. Celebrating birthday parties is a trend. People spend a lot of money on decoration items for a birthday party. This includes a balloon, lace, fairy light, light, caps, and many more. It is a low-cost moderate-margin business.
32 Disposable Item Shop
Disposable items such as dishes, glasses, and spoons usually remain in demand. These types of items are used by most fast food corners for serving food. Disposal items are also purchased by people for picnics as well as parties. Thus starting a disposable item shop is a very good business option.
33 Tree Plant Shop
Tree Plant Shop is next on the list. The usage of tree plants is growing. People use tree plants in offices as well as residences as natural beauty. This gave birth to the business idea of a tree plant shop. You can purchase a few varieties of plants from others and start a plantation. The profit margin in this business is very good.
34 Carpet Store
The floor carpet store is next on the list. Carpets are generally used by everyone in the living room. If you have a suitable place you can open a store for selling carpets. You need to contact a distributor via whom you can purchase the carpet.
35 Welding Workshop
Welding workshop is another lucrative business option. If you know welding work or if you have experience in welding this business is for you. Here you need to open a welding workshop. There are many customers who need welders when they make a new house. The profit margin in this business is somewhat high.
36 Sport Item Shop
Opening a sports item shop is next on the small business list. In the sports item shop, you need to keep things related to sports such as cricket kits, badminton, football, volleyball, and accessories related to sports items. It is a very good business option in the city area.
37 Electrical Store
A person with an electrical background can open an electrical store. It is a medium investment business idea. You need to keep household electrical items in the store. It is a low-investment business idea.
38 Bicycle Repair
The usage of bicycles is growing. This gave birth to the new business idea of bicycle repair. You require a small place to start bicycle repair. You need to hire competent manpower who know bicycle repair. The profit margin in this business is low.
39 Aquarium Maintenance
The aquarium is used widely in the home as well as in the office. If you have experience in maintaining aquariums you can start an aquarium maintenance business. You need to visit your home and office space for maintenance. You can also take an annual maintenance contract.
40 Building Maintenance Services
BMS or building maintenance service is a growing business. Many people are looking for a good BMS service provider. If you are from civil background you can start building maintenance service. You need to take an annual maintenance contract for building maintenance.
Online Business Ideas
1 Blogging
Blogging is among one of the best online business ideas. In this business, you need to show your expertise by sharing unique information. You just need a domain name and hosting space. To make money online from a blog you need to gain large amounts of traffic from a specific niche. You can make money from direct advertisement or Google AdSense.
2 Vlogging
Vlogging means making a video on various topics and sharing it online. A person making videos and publishing is known as a vlogger and the platform used for sharing is known as a vlog. You can start uploading videos to YouTube and embed them in your vlog. You can earn money from the YouTube Channel Partner program.
3 Youtube Channel
Another interesting and creative online business idea is starting your own YouTube channel. YouTube offers a lot of money on advertisements for YouTube channel partners. In this business, you need to shoot/make unique videos and upload them to your YouTube channel a regular intervals. After gaining popularity you need to apply for the YouTube channel partner program. This program is for placing an advertisement on the video uploaded by you.
4 Freelance writer
A freelance writer is the next business or career option. If you are good at generating quality content (writing) you can make a lot of money. You need to tie up with bloggers or websites looking for content. However, in order to become successful in this field, you have to be extremely good.
5 SEO Expert
Search Engine Optimization (SEO) is science. It involves a lot of techniques and tactics. A task or SEO Expert is helping a website to increase its ranking. If you are very good at Search Engine Optimization you can set up your own business for providing SEO Consultancy.
6 Hosting Paid Webinars
The next online business idea is hosting paid webinars online. If you are a highly skilled person with extraordinary domain knowledge you can host a paid webinar. The webinar is a web-based seminar presentation or video hosted on the internet. It requires unique skills to build a successful webinar. To host a webinar online, you should be an owner of a website that is well-known, with a good traffic ranking.
7 App Development
The next business idea is App development and building an app. To build the app, you should have technical knowledge of Android programming. Once your app is ready you can place it online or on the Google Play Store. Earning from an app is possible by making it a paid product.
8 Affiliate Marketing
The next part-time job is in Affiliate Marketing. Affiliate marketing means promoting others’ products on your website and helping them to increase the sales. On every product sold, you will get a commission. Multiple websites provide affiliate marketing programs. You need to enroll in the program and place a banner or link on your website. You need not worry about product shipment, customer handling, etc.
9 Products Sell on Facebook
The next online business idea is selling products on Facebook. Facebook provides the facility to make your own store or group online. Other like-minded people can become member of this store or group and you can carry out marketing for product sales.
10 Domain Flipping
Domain filliping or buying and selling a domain is the next job cum business idea. This idea requires an investment of a small amount. In this job, you need to purchase a domain at a low price and sell it at a high price. There are multiple websites that provide domain auction facilities online.
11 Sell Photos Online
If you are creative and good at clicking photographs. You can sell photos online and generate a lot of money. There are many companies, agencies, and individuals who are looking for unique photographs. They are ready to pay money for new and unique photos.
12 Stock Market Trading
One of the most profitable businesses is stock market trading. You can start this business with moderate capital. However, this business demands a lot of knowledge and expertise. You have to be extremely good at trading to make a profit.
13 Data Entry
This is a prototype job in which you need to engage yourself in doing a job of entering data or filling the form as per requirement. Your typing speed and efficiency are important while doing a data entry job. You will find multiple websites offering data entry jobs. However, you need to be careful and select a legitimate website for data entry jobs.
Profitable Business Ideas
1 Restaurant
A restaurant is a food-based best profitable business idea. This business requires intensive investment and meticulous planning. In addition to this, you require a good chef to cook food. The time required for getting success in the restaurant business is high.
2 Readymade Namkeen Breakfast Shop
The concept of readymade Namkeen and breakfast is very famous today. People are fond of Namkeen. They usually prefer readymade Namkeen and breakfast instead of cooking at home. This makes Namkeen’s shop a lucrative business idea. You need to do a moderate investment in this business.
3 Mobile Sales and Repair
Mobile phone sales and repair is a profitable business option. The mobile phone business is growing exponentially. Every common man today prefers the smartphone. The increasing smartphone usage offers a good business opportunity for the sale and repair of smartphones. You need skill and capital in order to start this business.
4 Health Club
Starting a health club is one of the most profitable business ideas. Health is wealth and people are ready to spend money to maintain good health. For a daily workout, they prefer to go to the gym or health club. If you have money and a suitable place you can start a health club. The chance of getting success in this business is very high.
5 Package Drinking Water
Pure drinking water is in demand today. Nowadays people prefer packaged drinking water not only at outside but also at home. This is because of an 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 in establishing water filtering and package drinking plants. However, you need to get approval from multiple agencies like BIS, pollution control, water test reports, etc.
6 Jewelry Production & Sale
Jewelry Production and sale is a profitable business option. This business demands extensive skill, training, and investment. The profit margin associated with this business is very high. You can start this business from home.
7 Dairy
The next small profitable business is Dairy serving milk, sweet and related products. These types of products are always in demand. You can earn good profit from these products. You need a small shop and small capital in order to establish a dairy business.
8 Commercial and Industrial Machinery Equipment Rental
Commercial and Industrial Machinery Equipment Rental is a business idea that requires massive capital investment. In this business, you need to purchase equipment like cranes, earth movers, etc, and give it on rent. You can earn a massive profit over the long run.
9 Travel Agency
If you love traveling and enjoy helping others in travel, you can plan to start a travel agency. You need a small shop, a computer and contact with various hotels and travel companies that’s it. You may need experienced manpower to run this business.
10 IT Hardware shop
IT Hardware Store is a profitable business idea. In this business, you need to sell IT Hardware items such as laptops, desktops, servers, hard disks, network devices, speakers, etc. The success of this business depends on demographics and demand.
Big Investment Business Ideas
1 Textile Unit
A textile unit is a business idea that demands a lot of investment. In this business, you need to produce raw fabric or other textile products to sell to individuals or businesses. This business requires space and machinery. In addition to this, you need to evaluate the market before starting this business.
2 Rice Mill
Rice Mill is the next big investment business. There is a large marketplace for rice in India and abroad. Rice is an essential food of majority the population in India. You need to undergo with series of approvals for establishing this business. After approval, you need to purchase and install machinery for the rice mill.
3 Beer and Wine Making
Beer and winemaking is an expensive affair. You need raw materials and a lot of other stuff like a storage facility and a bottling facility. You need to take a number of approvals before starting this business.
4 Manufacturing Fabrication Plant
A manufacturing fabrication plant is a facility that does welding, machining and produces metallic finish goods. It is a big investment big profit business. You need skilled manpower and a lot of machinery for this business.
5 Crane and Lifting Service
Crane and lifting service is a big investment business. Construction and manufacturing units require cranes or lifting equipment. You can offer crane & lifting services to the customer and earn money.
6 Transportation services
In this business, you need to provide the facility of transportation to the customer. You can offer a car or bus facility to the end user. It can be by call or pre-book facility. You need to invest a lot of money in buying a car and bus.
7 Car Parking Services
Car parking service is a recent concept, as you know that parking car in the business area is always a problem if you have a huge space you can utilize this space by providing a safe and secure car parking place.
8 Petrol Pump & Gas Station
A petrol pump or Gas station is a business option that demands huge capital investment. Apart from money, you need a lot of space, labor, and machinery for this business. The cost of setting up is also high.
9 Marriage Hall or Party Plot
A big space can be converted into a marriage hall or party plot. You may need to spend a lot of money on the decoration and development of the area. You can generate very good revenue from this business.
10 Luxurious Car Services
If you are keen to start an expensive business, a Luxurious car business can be your choice. In this business, you need to purchase luxurious cars and lease them. Many rich people avail of such services and they are ready to pay money for this.
11 Imported Furniture Store
One of the big investment businesses is imported furniture stores. In this business, you are involved in selling imported furniture. You can import this furniture from China, UAE, or other countries. You need a suitable place and huge capital to start this business.
12 Electronic Store
The electronic store is one of the big investment business ideas. In this business, you need to sell electronic items such as TV, fridges, washing machines, and other electronic items. You will need a big space and a lot of manpower to start this business.
13 Art and Collection Shop
If you love antique items, the art and collection business might help you. In this business, you need to keep art, antiques, paintings, and other decorative items in your shop. It is a risky business option.
14 Video Conference and Board Room Services
Many Small and Medium enterprises do not have a video conference or boardroom facility. If you have space, capital, and expertise to make a boardroom or video conference facility you can plan to make money out of it.
15 Night Club
Nightclub is a lucrative business option for big cities. However, starting a nightclub is challenging as you need manpower, licensing, and other arrangements.
16 Poultry and Fisheries
The poultry and Fisheries business is another big investment business idea. You need to study market conditions before starting this business. You will need an incubator and rack-type arrangement to keep chickens.
17 Building Construction
Building materials or construction is a growing business in an urban area. You need to invest a lot of money in order to start this business. You will also need skills to start this business. Getting good labor is a challenge in this business.
18 Solar Farm
Solar generation is the next booming business. This business requires a hefty investment. In this business, you need to produce solar energy by means of using equipment and sell it to power generation companies or clients.
19 UPS Business
In the UPS business, you need to buy and sell UPS. Apart from that, you can take AMC of old UPS. You can tie up with good UPS Companies like APC to sell their products.
20 Auto Modification Services
Today people cannot afford an imported car and they often go for modification of existing cars for good design and look. This gives birth to a good business called auto modification service.
21 Chemical Unit
Starting a Chemical factory is a big investment idea. In the Chemical Unit business, you need to produce chemicals, colors, and dyes required for industrial and household processes. It is a complicated business that requires a lot of expertise. Licensing and clearance required for this business are also high.
22 Car Driving School
Car Driving School is one of the lucrative business ideas. However, you require a lot of money to start a car driving school business. You need to make an investment to buy multiple cars. You will also need trainers for effective training.
23 Gold Ornament Shop
Gold Ornament shop is another big investment business idea. In this business, you need to invest money in buying gold ornament inventory. Apart from that you require a suitable place preferably in the market area for starting a business. The success of this business depends on your expertise and networking skills.
24 Printing Press
The printing press is another business idea. In this business, you need to purchase printing machinery. Make sure you have enough business to establish a printing press. It is a good idea to start printing press on lease at the initial stage.
25 Peer 2 Peer Lending Business
Peer 2 Peer Lending Business is a business of money. In this business, you need to lend money and earn interest income. You have to be careful in selecting the borrower. Don’t forget to make a legal agreement before lending money.
26 Internet Service provider
The demand for the Internet is growing thus starting an Internet business makes sense. You have to be knowledgeable enough to start an internet service provider business. This business demands heavy investment in buying equipment and establishing a network.
27 Computer Classes
Knowledge of computers is required in almost every field. This makes computer class a lucrative business option. This business demands investment in terms of buying computers and other projecting and networking equipment.
28 Business Idea of Hotel
Starting a Hotel is a very good business idea. This business idea demands a lot of investment. Apart from money also need competent and experienced manpower.
29 Oxygen Gas Bottle Business
The oxygen gas business is the next business idea. Oxygen and other gases are widely used in the medical and industrial fields. You can plan to start your own Oxygen gas cylinder business or other gas supply business.
30 Business Idea of Battery
The next business idea is a battery shop. Every two-wheeler and four-wheeler requires a battery. Thus starting battery trading is a profitable affair. You need to make a lot of investments in order to start a battery shop.
31 Business Idea of Cement
Infrastructure development is on the boom and cement is a prime requirement for this initiative. Thus starting a cement business would be a profitable affair. You can either take a dealership of a Cement Company and start trading or establish your own cement factory.
32 Spice or Masala Powder Business
The next successful business idea is starting a business of Spice or Masala Powder. You need to spend money in order to start this business. You can either develop your own set of spices or take a franchise of other famous masala powder companies.
33 Money Lending Business
If you have a lot of money, you can become a moneylender and start your own lending business. You need to be careful before lending money else, you may lose it.
34 Nursing school
The nursing school requires a lot of workers and licenses for this business. You also need trainers in order to train your staff.
35 Modeling Agency
A modeling agency is a company that represents fashion models, to work for the fashion industry. A Modeling agency earns income via commission.
36 Pathology Lab
You need to invest money in buying equipment required for pathology. Apart from that, you need to hire a technician for the lab. You need to take permission and a license before starting pathology.
Retail Business Ideas
1 Grocery Store
A grocery shop is among one of the easiest and most lucrative retail business ideas. This business can be started with low investment. You can start this business from a rented shop also. You will need local municipality clearance (shop establishment license) and a GST number to start this business. The success of this business depends upon location, type of products, and price.
2 Ice Cream Parlor
Ice Cream Parlor is an evergreen food-based retail business idea. There are two main ways to start this business. First is manufacturing by own and second is taking the franchise. Apart from the shop, you will need cold storage, power backup, and other packaging material. You will need a shop establishment license, GST number, and FSSAI license.
3 Organic Food Store
Organic Food Store is an emerging business in India. Organic food means food grown naturally without any fertilizer and pesticides. The demand for these types of food is growing. If you can manage the sourcing of organic food from farmers on a regular basis you can start this business.
4 Hardware Store
A hardware store sells items such as power tools, building materials, fasteners, keys, locks, and electrical and plumbing items. This business demands considerable investment. You need to select a location in a manner where the requirement of such hardware is high. The developing area could be one of the choices for such a business.
5 Auto Spare Part Store
The automobile industry is booming and it will continue to boom. Thus starting an auto spare part retail store is a lucrative business option. If you are starting an auto spare part store it is advisable to keep a product range of branded and non-branded products in your store. The success rate of this business is high.
6 Stationary & Book Store
Stationary-related items are widely used in school and in business. If you open a stationery shop nearby a school or business area, your chance of getting success in this business will be very high. It is a moderate investment retail business. You do not require any special skill for opening this business.
7 Cosmetic Store
As people are becoming beauty-conscious the demand for beauty-related products and cosmetic items is growing. These types of products are usually purchased by ladies. If you are a woman and looking for a retail business idea you can think of starting a cosmetic store.
8 Leather Item Shop
The next retail business idea is the leather and perfume business. In this business, you can keep leather bags, travel bags, wallets, belts, perfumes, and other gift items in your shop. Demand for these types of products is always there hence it is an evergreen business idea.
9 Xerox Shop
A Xerox shop with associated products like bookbinding, lamination, and small stationary items is a very good retail business option in India. This business can be started by any individual. The capital requirement of this business is very low. If you are planning to start this business it is advisable to start near a school, college, or office area.
10 Beauty Salon
A beauty salon is an emerging business option in India. This type of business is usually preferred by ladies. This business demands special skills. You need to undergo special training or courses before starting this business. The investment requirement of this business is low. You can start your own beauty salon or take a franchise of a well-known brand.
11 Medical Diagnostic Center
A medical diagnostic center is the most popular retail business option. The growth of medical problems demands diagnostic and advanced analysis. If you have skills and qualifications you can think of starting your own medical diagnostic center. This business required substantial investment.
12 Photo Studio
A photo Studio or photography service is an easy and evergreen retail business option. It is a low-investment business. The success of this business depends on business location, skill, and contacts.
13 Safety & Security Products Retail Business
Safety and security-related products are always in demand. Thus starting a safety and security product retail business could be a very good business option. In this business, you need to keep safety and security-related items such as helmets, safety kits, safety shoes, CCTV items, biometric locks, etc. You can think of starting this business near an industrial area.
14 Herbal & Ayurveda Products Retail Business
The market of Herbal and Ayurveda products is expanded in the last few years. Especially after the entry of players like Patanjali. If you are looking for a niche segment you can start a herbal & ayurveda retail business. It is a moderate investment business with good success rate.
15 Scrap Store
It is also possible to make money via scrap. Scrap store is the next business option. In the scrap business, you need to collect junk items such as newspapers, plastic, and other discarded material. You also need to find a buyer for accumulated scrap.
16 Gift Card Shop
A gift Card Shop is one of the best retail business ideas. This business requires a suitable place and collection of gift cards. Gift cards are used widely on every occasion thus the success rate of this business is high.
17 Optician Shop
Optician Shop is a moderate investment retail business idea. In this business, you need to sell sunglasses, number glasses, and frames of spectacles. The success rate of this business depends upon the location and the quality of the product.
18 Colour Shop
Every new or old home and business location requires painting work on a wall. Thus opening a color shop is a very good business option. It is advisable to take agency of big color companies like Asian Paints, Nerolec, etc.
19 Seasonal Business
Seasonal Business is another retail business idea. In this business, you need to start seasonal businesses as per the festival like kites, crackers, rakhi, raincoats, woolen clothes, etc.
20 Utensil Shop
Utensil shop is an evergreen retail business idea. You require a suitable shop and inventory of steel items to start this business. The success of this business depends upon the location of the shop and the quality of utensils.
21 Foam Mattress
You can also think of starting your own foam mattress business. You can either become a manufacturer or a trader. You require a lot of money in order to start this business.
22 Ice Business
The next small business idea is Ice. There are many events and purposes where people need Ice for cooling. Thus starting an ice business could be a very good affair.
23 Tattoo Shop
A Young generation is crazy about a tattoo and they are ready to spend money on the tattoo. Thus starting a tattoo shop could be a good option. You may need the help of a tattoo artist for this business.
Wholesale Business Ideas
1 Agriculture Equipment or Fertilizer Distribution
India is an agriculture-based country. The demand for agriculture-based equipment and products are growing every day. Thus, starting an Agriculture Equipment or Fertilizer Distribution would be a profitable option. There are many local and foreign manufacturers of these tools, who are looking for distributors for specific regions. If you are from a rural area where the demand for such products is high, you can think of starting this business.
2 Automobile Distribution Business
Automobile distribution is one of the most popular business options. Automobile products such as accessories, lubricants, and batteries are always in demand. You can grab this as an opportunity and start your own business. However, you need to be careful in selecting products. There are many players in this market and many duplicate products are also found.
3 Building Construction Material Distribution Business
The infrastructure sector is booming and the future of Building Construction Material Distribution is very bright. It is a heavy capital-centric business. Along with capital, you will need a lot of space for this business. In this business, you need to deal with products like cement, TMT rods, sand, stone chips bricks, glazed tiles, paints, etc.
4 Colour & Chemical Distribution Business
Color and Chemicals are used in various industries for different purposes. You can think of starting a distribution business of chemicals, dyes, rubber, adhesive, plastic, etc. Manufacturing of a few products from this segment is banned in several foreign countries. So, the demand for such products will be high in those countries. It is recommended to carry out research before starting this business.
5 Cosmetics Distribution Business
Females in India are fond of cosmetic and personal care products. These types of products always remain in demand. Thus starting cosmetics distribution can bring good success. There are multiple companies in this segment you should select branded companies with very good products.
6 Engineering Equipment Distribution
Engineering equipment is purchased in various manufacturing industries. Crane, Hydra, earth moving equipment, civil, construction, and control equipment generally remain in demand. If you have a lot of capital you can think of starting this business.
7 FMCG Product Distribution
Starting an FMCG product business is a lucrative business option in India. These types of products always remain in demand. It is easy to establish a supply chain for this type of product. The investment required for this business is also low. However, there is a lot of competition in this business.
8 Gems and Jewelry Distribution
Gems and Jewelry distribution is another lucrative business segment in India. This business demands a lot of investment. You must have enough cash to start this business. Apart from this, you require a trustworthy team to start this business. Make sure to tie up with a popular company with good brand value.
9 Home Appliance Distribution
Home Appliances and kitchenware like a juicers, grinders, refrigerators, water purifiers, mixtures, irons, etc. always remain in demand. Apart from that capital investment required for this business is moderate. You can get good success in this business provided you select good brands like Samsung, LG, and Godrej for distribution ship.
10 Hospital Equipment Distribution
If you have knowledge about the medical field, you can think of starting a hospital equipment distribution business. You need to establish a good hospital network to get successful in this business. The hospital equipment includes stretchers, electrocardiographs, monitors, X-ray machines, MRI machines, an Operation Theatre bed, examination couches, etc.
11 IT-related Equipment Distribution
The demand for computer peripherals like desktops, laptops, servers, and network devices is growing. If you have knowledge in the IT field you can start this business. It is a highly profitable business with good success rate. You need to select good brands such as Dell, Cisco, HP, etc.
12 Medicine Distribution
If you have knowledge about pharmaceutical products, you can start a medicine distribution business. There is ample opportunity in this business. The capital requirement of this business is also low. However, you need to work on establishing a good dealer network.
13 Organic Food Distribution
People are becoming health conscious and they are ready to spend money on organic food. There are many organic food companies looking for a distributor in India. If you have a good dealer network and if you can market this type of product, you can rule the market.
14 Safety and Security Product Distribution
Safety and security product has various industrial applications. In addition to that in a few industries, it is mandatory to maintain safety and security-related items due to the mandatory audit requirement. Common products famous in this segment are fire extinguishers, helmets, boiler suits, access control systems, CCTV, etc. If you have knowledge in this field you can start this business.
15 Seed Distribution Business
Seed distribution is a highly profitable business. Seeds are used in agriculture and crop quality and yield depend on the quality of seeds. Farmers are generally looking for high-quality seeds and they are ready to spend more money for that. If you have a good dealer network in a rural area you can think of starting this business.
Manufacturing Business Ideas
1 Manufacturing of Paper
Papermaking is one of the simple manufacturing businesses. Papers and stationary always remain in demand either in education or in the business field. You can start this business with low investment. You need raw materials such as pulp, cellulose, and a paper-making machine. You may even think of recycling papers.
2 Soap and detergent manufacturing
Soap and detergent manufacturing is the next business on the list. This business requires big space and an understanding of the manufacturing process of soap and detergent. You will need raw materials such as fatty alcohol, chemical ingredients, colors, and perfume. You need to spend a lot of money on marketing your product.
3 Hair Product Manufacturing
One of the fast-moving FMCG products is hair oil and hair cream. This manufacturing business can be started even at home This business does not demand a big investment. However, you need to spend money on marketing of products.
4 Manufacturing of Sports related items
Sport is the biggest industry in India. People are crazy about sports, especially cricket. Thus starting a manufacturing plant related to sports items could be a profitable affair. The items which you can produce are batting gloves, hockey sticks, bats, balls, etc. You need to maintain quality and standards to withstand in this market.
5 Handmade Biscuit making
One of the simplest manufacturing business ideas is handmade biscuit making. You can combine this business with a bakery also. This business can be started at home also. You will need suitable manpower for this business. If you are planning at a larger scale you can even establish an automatic biscuit-making plant.
6 Candy Making Business
Chocolate and candy making is an evergreen manufacturing business idea. The key to success in this business is the recipe. Based on the recipe you will need confectionery, cream, flavored fruit and nuts, packaging items, etc. Once you are through with making the recipe you can go for bulk production.
7 Honey Making Business
Another manufacturing business idea is honey processing. Honey processing business can be started in two ways either by using the manual system or by an automatic system. The process is very simple and it can be started from home.
8 Manufacturing of toys
Children’s toy is one big industry in India. It is an evergreen industry. In order to start this business first, you need to decide prototype and raw material required for the type of toys that you will be manufacturing. Once you are done you can make machinery. Alternatively, you can purchase readymade machinery available in the market for the bulk production of toys. This business can be started at a lower scale and can be expanded at a later stage.
9 Manufacturing of Plastic bottles
Pet jar or plastic bottle production is a profitable manufacturing business. It is an essential item for industrial packaging. The demand and consumption of these types of bottles is increasing. In order to establish plastic bottle manufacturing, you need appropriate knowledge of injection molding and manufacturing. You need to take the GST number, factory license, and NOC from the pollution control board for this business.
10 Making of Fertilizer
The next business is fertilizer manufacturing. This business can be started on a smaller scale or at a big scale. If you are new in this field you should start with compost fertilizer from waste items. Once you understand the process of manufacturing you can go at a bigger scale. The investment requirement in this business is moderate.
11 Water Filter and Bottling Plant
Water treatment and purification is one of the prime requirements nowadays. If you are keen to solve the water problem, you can establish your own water filter plan. You require a big space and skilled manpower to start this business. You can either import filtering plant machinery or purchase from the local market. The investment and regulatory requirements of this business are high.
12 Furniture making
Furniture has become an essential part of our life. Office, home, school, or any business requires furniture such as chairs, tables, cupboards, beds, wardrobes, etc. If you have enough space and if you want to produce large-scale products, the furniture-making idea is for you. You require skilled manpower in order to start this business.
13 Production of Leather related items
Leather products such as belts, bags, footwear, and garments are always in demand. If you have skill, expertise, and suitable manpower you can start a lather item manufacturing business. Investment and regulatory requirements for this business is high.
14 Electrical Fitting Production
Nothing works without electricity and electrical equipment. So, starting an electric fitting business could be a very good business idea. You can start an electrical fitting manufacturing business with a small capital investment. To start this business, you must obtain several licenses and registrations from Govt. authority. This includes GST number, Trade license, and BIS certification.
15 Embroiderer
The next business in line is the Embroidery business. In this business, you need to develop a skill to design new design of embroidery. You can do embroidery with a low-end machine or with sophisticated tools. It is a lucrative business with a very good profit margin.
16 Carpet Making
The market for rubber carpets is indeed a large one; if you open a production factory for this type of business, you are surely going to break even within a short period of time. You need to learn an appropriate skill before starting this business.
17 Tool Manufacturing
If you are technically sound you can produce hand tools. This involves the manufacturing of hammers, cutters, screws, shaping tools, scissors, etc.
18 Ceramic Tile Maker
The boom in the real estate market always helps other construction-related materials such as Ceramic Tiles. This business requires a considerable amount of investment.
19 Kitchen Utensil maker
Pots, kettles, fry pans, cutleries, and other kitchen utensils are essentials in our homes. There is a large market for kitchen utensils. So, starting kitchen utensils is a very good business idea. You can purchase readymade machinery for the manufacturing of kitchen utensils.
Renting Business Ideas
1 ATM Space Rental
ATM Space Rental or retail space renting is the most profitable business option. Retail space is always in demand. Banking organizations 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 an ATM space rental business.
2 Audio Equipment Renting
High-end audio equipment always remains in demand. Any function such as domestic, social, or corporate requires a public address system and audio devices. If you have expertise in identifying and managing audio devices you can start audio equipment renting business.
3 Bus Rental
Bus Rental is a profitable business in a place where domestic travel is growing. This business demands substantial capital investment. People opt for bus rental for tourism and social functions like marriage.
4 Car Rental
Car Renting is a traditional business. This business has grown multi-fold due to Uber and Ola. Apart from normal car renting, luxury cars are also in huge demand. If you have the capital for investment you can start your own car rental business.
5 Construction Equipment Rental
One of the highly capital-intensive businesses is construction equipment renting. The demand for construction equipment is at its peak due to real estate and infrastructure development. Construction equipment is costly hence the majority of developers and companies prefer to take this type of equipment on rent.
6 Fancy Dress Renting Business
The fancy dress renting business is a low-cost investment business. Fancy dresses are usually in demand at school for the celebration of several events and even during several social functions. You can start your own fancy dress renting business and earn a lot of money.
7 Decorator
Decorators deal with the supply of decorative materials, chairs, stages, and other social function-related items. These types of items are always in demand, especially during marriage, parties, political parties, conferences, etc. Thus starting your own decorator business is a profitable affair. You need to invest a lot of money to start this business.
Import Export Business Ideas
1 Diamond Import Export
Diamond Import Export business is one of the best ideas. This business requires a lot of capital. In this business, you need to import rough business and process by polishing to convert in the cut diamonds. This business has a lot of potential.
2 Handicraft Item Export
Handicraft item has very good potential out of India. These items are made up by hand or by tools. The availability of low-cost high-skill labor in India is plus point to start this business.
3 Readymade Garment Import Export
Readymade Garment Import Export is next on the list. India is popular for garments. The garment produced in India is cheap compared to other countries. You can earn a lot of money by doing readymade garment import export business.
4 Electronic Component Import
Imported Electronic components such as television, mobile, and other consumer goods remain in demand. So, starting an electronic component import business is a very good business option. The investment required for this business is very high.
5 Machinery Import
If you are from a mechanical background starting a machinery import business makes sense. Imported machinery always remains in demand. You should study the market before starting this business.
Technology-Based Business Ideas
1 Computer Repair maintenance
Computer Repair maintenance is a small investment tech business idea. In this business, you need to repair computers and IT peripherals. You will need a small shop or place to start this business. It is a lucrative business option.
2 IT Support
The IT Support business is next on the list. In this business, you need to provide remote IT support to the customer. As the usage of the internet and IT is growing starting an IT support business makes sense.
3 Software Development
Software Development or application development is a low-investment business. You require special skills and knowledge to start this business. You will need the support of an experienced developer to start this business. This business can be started from home also.
4 Mobile App Development
Mobile application development is becoming an evergreen business. Most businesses opt for making a mobile application for connecting with the customer. If you are an expert in mobile app development or learn mobile app development you should think of starting mobile app development.
5 Cyber Security Services
There are multiple instances of cybercrime, hacking, and virus attacks nowadays. Thus starting cyber-security services is a very good business option. In this business, you need to provide security services to enterprises. This includes the installation of cybersecurity measures such as firewalls, Anti APT appliances, and monitoring equipment as well as auditing services.
6 Web Hosting Services
Web hosting service is a good technology business idea. Here, you need to provide web hosting services to the customer. This business requires a lot of capital investment.
Agriculture-Based Business Ideas
1 Gardening Services
The first agriculture-based business is starting gardening services. Nowadays, house owners and corporates opt for gardening services and vertical wall concepts. If you are experienced in this area, it makes sense to start this business. It is a highly profitable business option.
2 Shrimp Farming
Shrimp Farming is an aquaculture business. For Shrimp farming, you require a suitable marine or freshwater environment. Shrimp are used locally as well as exported outside. It is a highly profitable business if you deal in volume.
3 Fish Farming
Fish Farming is also an aquaculture business. In fish farming, you will need a marine or freshwater environment or various small fish tanks. Fish are used as food in India as well as outside. You need to invest a considerable amount to start this business. The risk associated with this business is high.
4 Florist
Becoming a florist is one of the best agriculture business ideas. In this business, you need to produce flowers of different types. You require a suitable place to produce flowers. You can sell these flowers to the local florist or start your own shop as a florist.
5 Bee Keeping
Bee Keeping is a hobby cum business option. Beekeeping business makes a profit through the sale of honey and other bee-related products. You require a suitable place and expert manpower to start this business.
Service-Based Business Ideas
1 Packing & Moving Service
For the service industry starting your own packing and moving service is the first business option. This business requires a team of manpower and expertise in moving home & office materials. The investment required for this business is moderate.
2 Elder Care Services
Elder Care Services is one of the best service business options. Many elder people are looking for care and support. Thus starting the eldercare service business makes sense. Here you need to provide manpower for elder people on a commission basis.
3 Home Maintenance and Repair Services
Each and every home requires maintenance and repair. This could be electrical, civil, plumbing, and carpentry work. You can sell a yearly package for home maintenance and repair services. You require expert people in each area to start this business.
4 Legal Services
Legal service is a very good business option. Legal service is required in almost every industry. If you have legal education background you can offer legal services.
5 Solar Panel Installation Services
The usage of solar panels has increased multifold. It is becoming an alternative to electricity. If you can invest money you can start a solar panel installation service business.
Trading Business Ideas
1 Fruit and Vegetable Trading
Fruit and vegetable trading is a very good business option. The investment required for this business is low. Here you will be trading in fruits and vegetables. You can either open a retail store or act as a wholesaler for the trading of fruits and vegetables.
2 Garment Trading
Garment trading is a lucrative business option. In garment trading, you need to buy readymade garments at a lower price and sell it at a higher price. Garment trading has a very good domestic and international market.
3 Hardware and Sanitary Trading
Hardware and sanitary trading is a good trading business. Hardware and sanitary will always remain in demand due to growth in the real estate industry. You need to invest a lot of money to start this business.
4 Spices Trading
Indian Masala or Spices has a very good market. You can start the masala trading business from a small store. Once you establish the masala trading business, you can also think of exporting spices outside India.
Future Business Ideas
1 Robotics Automation
Robotics & Automation is the future of business. Robots are ready-made machines that complete work based on programming and it eliminates the need for manpower required for prototype work. Soon robotics will become part of our lives.
Business opportunities around robotics are programming robots, repair maintenance, and making new robots as per requirements.
2 Virtual Reality
Virtual Reality is the future. From marketing to customer service to productivity improvement VR can be used anywhere. You can form your own VR startup where you can offer customized VR solutions to the business. You require VR experts in your team.
3 Micro Mobility
Micro Mobility means the use of lightweight vehicles operating at a lower speed for commutation. It will surely help to reduce traffic and reduce travel expenses. Businesses that can be built around micro-mobility are micro-mobility vehicle development and sale, and micro-mobility vehicle repair.
4 Electric Car
An electric car will be a reality soon & it will provide a lot of business opportunities. Because the electric car would be the default vehicle of the future you can start an electric car service garage, charging stops, spare manufacturing, and sales.
5 Cryobank and Stem cell
Cryobank and Stem cell bank is a place where human stem cells are collected and stored for future usage. It includes donor sperm, eggs, umbilical cord, etc. It is an expensive affair to start Cryobank and Stem cells. If you have competency and money you should start cryobank. It is a promising business option.
6 Wearable
The popularity of wearable and smart devices is growing rapidly. Wearable has multiple applications such as collecting user health data, monitoring exercise, stress level, and mood changes, and many more such applications can be developed with the use of a sensor. Business ideas that can be built around wearables are selling wearables, developing wearables & repair wearables.
7 Virtual Call Center
A virtual call center is a call center where geographically dispersed teamwork act as a single organization. It is a very good arrangement where costs can be saved. This business can be started from Home. However, you need to take care of time and resource management.
8 Business API and ChatBot Development
ChatBot and Business API development is the next idea on the list. More than 35% of business websites are making use of ChatBot and business API to improve customer service and data analytics. If you have software development knowledge you can start your own business around it.
9 Artificial Intelligence & Machine learning
Artificial Intelligence (AI) and Machine Learning (ML) are widely used in business nowadays for providing personalized service, improving risk analysis, fraud detection, forensic security & money laundering monitoring. You can learn AI & ML by doing a course and build a very good business around these technologies.
10 Vertical Farming
Vertical Farming is becoming a popular business option. This is mainly due to lack of space people started preferring vertical farming for gardening at home & office. You can quickly start vertical farming in your city and get success.
11 Virtual medical services
The usage of virtual medical services has grown post-COVID-19. People prefer telemedicine and app-based services for getting medical advice. You can take this as an opportunity and start your own virtual medical services business.
12 Fitness Technology
The market for fitness technology is growing rapidly. Many people are making use of fitness gadgets and apps for tracking fitness. A few business areas that you can explore under fitness technology are smart device manufacturing & app development.
13 Space Travel
Space Tourism is one of the best future business ideas. Space Tourism means human space travel for recreational purposes. In developed countries like the USA, space tourism is already started. There are ample opportunities in the Space travel business.
14 Home Automation & IoT
IoT (Internet of Things) is a buzzword today. It is a sensor-based connected technology where data exchange can take place and decisions can be taken. The business ideas in the home automation area are selling complete home automation solutions & repair maintenance of Home Automation IoT devices.
15 Co-Working Space
The demand for Co-working space is growing radically. Due to the lack of space, many small and medium companies prefer co-working spaces. If you have capital you can develop multiple co-working spaces and make money out of it.
Final Thoughts
Believe it or not, the business has a lot of potential compared to 9 to 5 Jobs.
If you want to make more money you should seriously think of starting your business instead of doing a job.
Please select the best suitable business ideas and start your business today.
If you are facing any difficulty in establishing your business, you can get in touch with us at info@moneyexcel.com.
