The last couple of years has seen the spirit of entrepreneurship mushroom in India in unimaginable ways. Generation Z is brimming with realistic ideas, as are others in the mature-age segment. Many have awakened to the monotony of regular jobs and choose to be masters of their own destinies. A large number of young Indian entrepreneurs are keen to establish environment-friendly consumer products. India is home to some of the best technical and creative minds. Many home-grown ideas have caught the attention of global investors, and this is just the beginning. A classic example is that of Neeman’s, the footwear company which crafts soft and light-weight footwear from plastic. You can find many artisans who are being promoted by urban entrepreneurs, reviving the ancient art and culture via fabrics, hand-made jewellery and a host of other products. If the social media platform, Twitter revolutionised the format of messaging, India takes pride in its home-grown messaging platform, KOO, founded by Aprameya Radhakrishna. From mobile apps to online tutoring and from indigenous manufacturing to drone technology, India is moving at a fast pace. There are global celebrities who wear fashion outfits designed by Indian fashion designers like Manish Malhotra. In this article, we explore the feasibility of the best future business ideas in India that will make the world sit up.
Did you know? In 2021, India ranked as the 3rd country with the largest number of startups worldwide!
Exploring the Upcoming Business Ideas in India for 2023
Gone are the days when working at a petrol pump or washing cars was considered menial. Today, everyone is caught up in the rat race. This leaves them with little time for cleaning their home interiors as well as their vehicles. Let’s understand some of the categories of services.
Personal services
Cleaning services
These can be broadly divided into the cleaning of homes, personal vehicles (4 and 2-wheelers), and carpet cleaning.
Homes
Nuclear or joint families are always at a loss when it comes to cleaning services as most domestics make outrageous demands. You can start this type of business with minimum investment. At the start, a few brooms, brushes, and 2-3 staff members suffice. Train your staff with social etiquette and in the finer aspects of cleaning nooks and corners, and you are good to go. Many nuclear and even bachelor pads require cleaning services. The initial investments are nominal, and growth comes naturally.
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Carpets
Cleaning carpets can be quite burdensome. You can’t carry carpets to the laundry, right? Carpet cleaning services are very handy for every family who is extremely fussy about their carpets getting damaged by cleaning agencies. A little study on how to clean the various types of carpets based on materials and size can set the pace for starting this business. This is one business that is not seasonal.
Vehicles
With the growing demand for 4-wheelers, car washing demand will be on the rise. There is no bargaining in these services. You can take up bi-annual or annual contracts with organisations as well. This assures you of a steady income. Trained personnel and the right attitude will see you signing more annual contracts in no time.
Virtual assistants
High-profile individuals like Managing Directors, Chief Operating Officers, and others of the same calibre face a dearth of professional services to manage their routine tasks. From booking tickets to scheduling meetings and even arranging gift purchases, the role of virtual assistants has gained much momentum. Timely deliverables and execution of tasks reward you in an ample manner.
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Child care / Day-care
New-age mothers prefer to start work soon after the birth of their newborn babies. Almost all parents are cautious about leaving their babies with their domestic help or ageing parents. A child care agency is very rewarding if you have a calm and caring demeanour and can train others to assist you. If you have a spacious home, you can convert one part of it into a daycare. These services may require a certification which is not difficult to procure after you complete a course successfully.
Tutoring
Online or offline tutoring has become indispensable. Offline tutoring classes can be conducted within the comfort of your home, just like online tutoring. You can teach regular subjects to a group of students or give personalised tutoring to individual students. As a language professional, you can also coach young and old individuals in languages like English, Spanish, French, Russian, Arabic, or any other native language in which you are proficient.
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Beauty and Masseuse services
Personalised beauty and masseuse services are preferred by individuals who don’t have the time to visit salons. There are many who are inhibited and shy of availing of such services outside. You can offer weekend family packages or individual packages of such home-based services. The demand for such services grows manifold during festive and celebratory occasions, necessitating assistants' help.
Rent-a-car
Not everyone owns a car, and if they do, not everyone likes to make trips to nearby destinations in their own vehicles. Many prefer to rent a car with a driver and leave the burden of driving to the driver. You will need to invest in some good drivers who can ensure the safety of the commuters as well as your vehicles.
Travel and Tour services
Everyone loves to take a break from the normal routine of life and travel to a more peaceful locale. You can start a small-scale travel-based business for domestic. This could include corporate, family, and solo tours and special tours for women across different age groups. At the start, your operations will involve establishing an alliance with hotels, bus and train services, and domestic airlines. You can then migrate to international travel services as well. You can organise religious tours, which are always in demand, or simply affordable vacays. A tie-up with local guides on a contract basis will help you offer an attractive element to your services as most people choose to enjoy organised trips.
Cuisine
Homemade Meal Services
Urban families are always in a rush to reach their workspace in the mornings and arrive home on time in the evenings, and the fatigue of the day does not excite them to spend another hour cooking. If you are a gourmet yourself and can provide quality meals in accordance with the requirements, homemade meals work as one of the most profitable businesses.
Bakery & Confectionery
If you have a sweet tooth and are keen to spread the sweetness, this is a highly lucrative business. Cakes and cookies are in demand irrespective of the time and weather. Weddings, birthdays, new jobs, housewarmings, get-togethers, and even anniversary celebrations demand delicacies. You can start from your own home and slowly migrate into setting up shop in an appropriate location. Bulk orders and home deliveries help spread the word, and people will catch the aroma of your baked goods very fast. Chocolate-making is another business. Home-made chocolates have a healthy charm of their own. You can cater to company and family orders for their requirements of baked goodies and chocolates.
Physical Fitness
Long hours of work and junk food have made most working professionals lazy and dull. You can become a personal trainer by providing fitness coaching at specific hours or even offering online classes.
Religious Merchandise
A diverse country like India is rich in its numerous communities which indulge in their own specific religious rituals. Incense sticks, fragrant and regular candles, earthen lamps as well as items like chanting beads and vermillion will open doorways to a steady income. You can organise special religious hampers for different communities and during different festivals.
Indian Handicrafts and Vintage Jewellery
Indian handicrafts have a charm like none other. Jute-based products, hand-made fabrics, and beaded jewellery of vibrant and subtle colours can make for a wonderful handicraft and rustic jewellery store. You can tie up with some of the urban tribes after seeking requisite permissions at the state level and work towards receiving a distinct volume every month. This helps establish you as an entrepreneur, and you also help employ and promote rich merchandise unknown to many urbanites. Once your business starts reaping good returns, you can even strategise on promoting such products on a global platform via exports or international E-commerce stores.
Also Read: 17 Side Business Ideas for Housewives & Working Ladies
Entertainment
Party organisers and occasion-based services. You can arrange for theme-based parties for kids, teenagers as well as young adults. You can also organise special get-togethers and parties for senior citizens. Occasion-based services include mehndi applications, Shehnai music (traditional Indian music) for weddings, and even silver and golden-jubilee celebration services. Occasion-based services are niche but highly lucrative.
Photography
Good at capturing images on your camera lens? Photography can make your business soar to great heights. Corporate meetings can offer you consistent assignments with the increasing demand for model portfolios or good photographers to cover special occasions. Alongside photography, video editing is another interesting business if you are adept at editing videos. Without videos, corporate films, seminars, political press briefings, and celebrations like weddings and birthdays are incomplete. You can set up your own photography and video editing business and create magic on your camera lens.
Affiliate Marketing
Conviction and confidence can make you a successful affiliate marketing. This commission-based service requires immense patience and good marketing skills. If you possess both, you can go for the kill.
Social Media Management
Today, every business is incomplete without a website and social media handles. The tricks of the trade lie in knowing how to effectively promote the product and services across social media platforms, acquire new clients, retain existing ones and produce dynamic results for your clients.
Also Read: Best Business Books to Read for Inspiration
Conclusion:
This article gives you an insight into numerous interesting and rewarding business ideas for students and others as well, that can take wing in 2023. These are easy to start, require nominal investments and reward handsomely. A little strategising on the location and understanding the requirements and the demand of these services can give your business the requisite fillip to start operations. You need to have a blueprint of your growth plan to understand your business's growth, which will help you expand it further.
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