Are you searching for successful business ideas in Delhi? Read on to get answers to your many questions, like are fashion startups in Delhi a good idea? Is Delhi the right place for small business ideas? Which areas in Delhi are good to do so? What factors can help me succeed? Entrepreneurs of any business venture also need to know about the best ideas to start a Delhi-based small business, how to attract customers and market your products, the importance of planning and location in any business. These various factors can make or break a business. So, let’s look into the strategy and ideas behind small investment business in Delhi.
Reasons to Start a business in Delhi
Delhi is an excellent place for setting up a business as it provides many entrepreneurial opportunities. The following two distinct reasons set it apart as a place to start a small business venture :
- A gamut of wholesale products at unbeatable prices that are easily available.
- The availability of crucial factors like resources and markets for small ventures is easily found in Delhi.
Delhi’s growth rate in 2018- 2019 was a whopping 12.82% in terms of the current prices nominal gross state domestic product (GSDP). Besides being the capital city, it is a tourist centre with nearly all embassies, governmental head offices and other important places. The city showcases a multi-cuisine food variety that provides opportunities for restaurants and cafe businesses. Delhi also possesses the cultural heritage of the Indian people which opens up scope for the clothing business among others. Mainly the industries are agrochemical-based, leaving ample scope for small businesses catering to people’s needs in various walks of life.
Its several fairs and industrial or trade conventions are a huge draw, and its real-estate market has been booming over the last decade. Its 2453.37 MegaWatts installed power capacity, and excellent connectivity through its 24,000 km road network and Delhi Metro services make it an excellent choice for to flourish. Situated in the northern part of India, Delhi’s neighbours like Haryana and Uttar Pradesh are also benefited from the growing industrial sector. Several of the low investment businesses in Delhi NCR (National Capital Region) are tourism-based due to its proximity to Agra, the home of the famous Taj Mahal, Qutub Minar, Red Fort, GTB Memorial, etc. The presence of the busy Indira Gandhi International Airport also adds to making Delhi an excellent choice for new business ventures, both small and big.
New Business Opportunities in Delhi
It is perfectly normal as an entrepreneur to feel apprehensive since you are about to start a new business venture using your own money and ideas. The success or failure of the business largely depends on having a well-thought-out plan, executing it efficiently and ensuring that you keep track of your expenses at all stages of the project. If you’re running short of profitable ideas like how to start an online business in Delhi, read on to know about it.
The home-fitness centre
This great business idea requires very little investment. It is economical for the Delhi population, who invest heavily in health at fitness centres and gyms. If you can spare a room, start yoga, ball exercising, karate, dance classes and more. Find clients online through social media services like Facebook, Instagram, Twitter etc. and quickly build a group of loyal customers in your locality. They will also give you great reviews and support your brand through word-of-mouth marketing. After all, health is wealth! Moreover, the gym or home fitness business is the go-to venture in pandemic times.
Hand-printed clothes business
Delhi is a fashion hub with a vibrant young population who love to make trends and fashion statements with their clothes. Clothes in Delhi are stylish, relatively cheap and fashionable. T-shirt printing, block printed fabrics, T-shirt embroidery business with company logo, person’s name, beloved’s name, and interesting quotes make a good business idea. Avenues to sell them are through your website, online channels or offering them on well-known e-commerce sites like Myntra, Flipkart, Amazon and more that can take the sting out of marketing woes while providing a steady, assured income. You can also sell to corporate, schools, private companies, offices, etc., in bulk to shore up your offline sales orders which can prove to be good side business ideas in Delhi.
Delhi is a great market for thrift stores that can upcycle waste and hand-made products like jewellery, embroidered clothes, decoupage items, paper, ethnic items, decorative items, kitsch clothing, designer handbags, etc. You can get to sell these items both online and offline at nearby stores, your gallery, or your studio. Augment your income with regular workshops displaying the craftsmanship and artisanal talent you have. Be assured that the Delhi crowds love flaunting their decorative items and vintage collections of unique handmade products.
This low investment business in Delhi is for those with a green thumb. The small but exciting business idea finds an economic scale with hordes of health-conscious Delhiites consuming veggies, flowers and fruits that are organically grown. Growing at home can also mean an excellent hobby for you and a fresh supply regularly for those with a yen for being healthy. Besides, Delhi has a large base of vegetarian consumers. Arranging for timely door-step delivery results in satisfied repeat customers and is relatively easy with any of the delivery solutions like porter.com, the Dunzo app, courier agents etc.
Become a freelancer
Post the pandemic times and limitations on movement, the WFH or work from home culture is the new normal. Start online business ideas in Delhi like the freelance content writing, translation service or scour digital assistant requirements online. These businesses can help you stay busy, earn a decent salary and make use of your writing or secretarial skills. The freelancer market in Delhi is wide open to lucrative content and secretarial services all the time because of the large number of offices.
Start an event management company
If you love organising events, Delhi is the right place for having grand birthday bashes, weddings, corporate events and well-attended kitty parties, numerous functions and more. Start with smaller events and learn your way to the top. This is not a one-person show and flourishes only when you have a great creative team and calls for upfront investments. Use your innovative skills in different events, including kitty parties with a hairdressing display course or a saree-wearing session. Birthday parties at an outdoor locale with sports facilities or corporate events with fun creative games can also double as learning exercises. Again, aggressive market promotions, your online presence and creative offline ways to make your business known have to be used frequently to develop and maintain the initial stages of any business in Delhi.
Be a nutritionist or dietician
If you have a degree in nutrition and food sciences, try starting the online business of nutrition advice and planning for Delhi’s health-conscious people. Similarly, think of ways and means to put your degree to use creatively as counsellors, music teachers, dance teachers, online lawyers, online teachers, online recruiters, and more, depending on your field of expertise. Post- COVID 19 times are a great opportunity to sell services online, through social media etc.
Meal and Tiffin services
Delhi is home to much floating personnel who come here to pursue a career, get better jobs and complete their studies. These youngsters need healthy and delicious food, and a food service business is an excellent idea to fill this void. Food services are also in high demand at Paying-Guest (PG) houses, corporate offices, hostels etc. This is a practical side business idea in Delhi. Read up on Mumbai’s dabbawallas to learn how to supply these services at competitive rates. Besides taking care of your own cooking needs, this opportunity also provides others with jobs and is a low-investment affair that requires the helping hand of a few people.
Small-scale water-purification, carpets and sump cleaning business
This business idea is a new and interesting opportunity in Delhi as its drinking water supply is often unclean, leads to sedimentation, and more. The supply of good quality drinking water to gyms, offices, homes, PG facilities and other places, is quite high. Most homes and public spaces also have carpeting in their offices, halls etc., which need specialised dry cleaning. These are simple best startups to work for in Delhi and ideas with excellent scope.
Running a PG or Hostel business
Delhi is an educational and career coaching institute hub and has a large population of students from all over India. They need coaching and instruction in competitive exams, accommodation facilities, and career guidance services, making an excellent base that can be addressed as a small scale business in Delhi. It has a one-time investment and is bound to grow with your reputation for the best in accommodation services and food.
Other low investment business ideas in Delhi for you to explore
- Binding, copying and printing shop near an educational institution.
- Taking food orders for special occasions.
- Freelance photography for weddings, tourists and events.
- Blogging, Vlogging and content writing as a freelancer.
- Opening a tuition or examination coaching centre when you are qualified for it.
- Conducting online cooking, dancing or music classes.
Also Read: Top 10 Business Ideas After Lockdown
Tips on how to start a small business in Delhi
- Research your market for audience preferences, the infrastructure required, budgets, raw material availability, workforce availability, competition, operational hours, licensing etc.
- Find a desirable location and ensure you have sufficient water, electricity and a sufficient targeted audience around it.
- Be aware of the financial, accounting and legal norms required.
- Decide on your loans, repayment structure and sources of finance.
- The right pricing is a key element to selling.
- Exploit the social media avenues like Facebook, Instagram, Twitter, website analytics to establish your market presence.
- Always have a plan of action, deadlines and a Plan-B in finding creative solutions to the limitations you may face.
A good business choice usually requires a low amount of initial investment but has immense potential for large profits. The growing new business opportunities in Delhi also need a good accounting system that can take care of financial statements and taxes from your mobile phone. Are you aware that the Khatabook app does this and more to help small ventures stay GST compliant and get accounting statements at the touch of a button? Try it today!