BEST SMALL BUSINESS IDEAS
Our government is asking us to become an Atmanirbhar Bharat (self-dependant India) and the increase in the unemployment rate of our country, many young warriors have taken battles in their hands and are ready to join the market as entrepreneurs. India is a country with a big population and the demands for the product is almost high. In this arena, the demand for inexpensive products is higher because of the average low income of the people of our country. Even the entrepreneurs have to start from small scale industry because of the inaccessibility of resources available to them. But there is no reason to lose hope as small and medium scale industry has become a primum focus for our government and they are coming up with various plans to help start-ups and MSMEs to grow their business. Also, there are multiple choices available in this sector and the initial investment is not very high.
Here are a few small business ideas that will earn you good profit with little investment:
Kirana store, a small shop that sells grocery and other sundries. We all have that one Kirana Store which we know we can rely on. It is there for many years and we have a good relationship with the owner who has seen you grow up. So, when you are looking forward to opening a Kirana Store or to increase its profitability look back first to understand how that business was built and how it made you feel and put the same tactics and emotions in your Kirana Store.
Fruit and vegetable shop
This business as it is conventional will require from you a lot of discipline and determination but once you set your foot on the ground and settle in the market, the competition becomes a lot easier. Fruits and vegetables are basic necessity for everyone and thus will always be in demand and it’s unlikely you’ll have bad day in this business.
Handicrafts are the decorative handmade products usually made in a small-scale setting and are skill based. India has had many artisans and craftsmen. Majority of India’s tribe have their income relied upon handicraft as it is the only skill they know. There are many handicraft business ideas that can be executed with the help of these artisans which will help them and increase your profit as well.
Aata Chakki business
You must have heard stories from your parents or grandparents about how they used to get their own flour by getting their selected wheat variety grounded in front of them at a aata-chakki shop in your neighborhood and how it was the best quality of Aata present and there is nothing in comparison to that. This business is still famous in many households so it is a good investment in small scale industry.
Automobile accessory business
To keep these cars moving and running like they are brand new; you need accessories that will ensure the car’s performance is at its best. Automobile accessories can be used to maintain or improve the performance and comfort of your car and people are always interested to build those small comforts and don’t shy from spending on them and as a result this automobile accessory business is a very attractive prospect for those interested in setting their feet in the business world.
With this kind of popularity of the cosmetic business industry, it’s an avenue that is attracting a lot of investors be it small or big. People are buying from a local cosmetics business more than ever. The understanding of few natural and chemical ingredients to make those amazingly smelling lotions and conditioners and lipsticks and blushes with great results and no harms are most desirable. The demand for these products is higher than ever and it is the best time to invest in this business.
Mobile phone shop business
Mobile phones have become an inseparable part of our lives. For the same reason, the mobile phone has become a big market all over the world. In India, mobile shop businesses usually are of small scale. You should be aware of your budget, your purchasing capacity, and understanding of customers but this is a great business investment in this techy world.
With the internet era, it is easier for us to connect with the world and get access to different foods and cultures of different countries. As the result, the demand for confectioneries has increased as they are medium for us to get those instant packets available to us in our local market. It is a market of big profit and the demand is high in urban cities. It is a very interesting and profitable start-up idea.
Tea stall business
Tea stalls though look shabby but they earn a huge profit on a daily basis. The competition in this market is not very high because of the huge population our country has and the demand is always high. Along with the tallest buildings in most modern cities with the fanciest offices, you’ll always find a tea stall nearby and the employees wandering around taking a break from work or coming there for a quick cigarette. Many people leave their low paying jobs to set up a tea stall business so that they can keep the profit for themselves and work with dignity.
The spices of India are well known around the world. Spices are amongst the most exported products from India amounting to a billion dollar industry. One of the most important items of culinary for Indians, spices are used in all households of our country thus one can expect it is never going out of demand. As a result, many people are drawn towards starting their own spice business which is a very good investment.
Book shop business
Bookstore business is not just any business done for profit, it is a representation of the culture that has been important for the intellectual development of society. When you open a bookstore make sure to keep the sanctity of it and enjoy the process.
Pharmacy is not a sector that changes with time. The drugs that were consumed to treat headaches long ago are being used even now. Brands of these medicines may change and there can be an advancement in the drug components, but you always need a pharmacy to distribute those drugs to you. The pharmacy business has always been big but after the pandemic, it is being noticed even by the common people that investing in it is a good idea but not everyone can open up a pharmacy so get that minimum qualification and enjoy this business prospect.
Tiffin service business
Tiffin Business deals with catering service where people make food on a larger scale than they do at home, pack them in tiffins, and deliver to their various customers on a contract base. This business has good potential for growth and is very profitable in our country. Many people who have a passion for cooking try their hand in the tiffin business and succeed, but it takes more than culinary skills to start this business.
Motorcycle parts business
Bikes are now faster, luxurious, and more comfortable than they have ever been. But to keep these bikes moving and running like they are brand new; you need accessories and perfect functioning parts that will ensure the motorcycle’s performance is at its best.
The motorcycle parts business is a big opportunity for people who are trying to start their business venture in a small market.
Gift shop business
To make these meetings more special, gifts play a big role. Be it a birthday party, a wedding or any celebrations of love and friendships that people have come up with in due course of time, sharing gifts is a part of all. As a result, the gift business is booming like never before.
that makes the gift shop business huge profitable ventures for new investors
Fancy store business
The aspiration of people to look or style themselves a little bit like celebrities and feel good about themselves has increased because of the instant information available on these platforms. As a result, the market for the fancy store has increased and it’s not just the middle class, but the working-class are spending on these items. The profit margin on these products is very high and sometimes go up to 50-60% proving it one of the best investments for entering the business industry.
All the accessories worn by women have a symbol associated with it. One such accessory is Bangles. Just as the importance of bangles is immense in Indian households, they are also a big market for profit as the demand is never likely to go down. The more types of bangles the vendor keeps, the more likely they will succeed in the business
Saree retail shop
The homemakers are also interested to earn while sitting at home as this is a very manageable business. They are working as resellers by buying the product from a wholesaler and selling it in their locality and making a good profit of 20-25% out of it. This industry although requires one to know what is in trend and should have a warm personality so that customers are attracted to visit the store and buy from them
People love designer clothes and many have come up with their own fashion sense and styling. They need experts’ advice and boutique business does just that. Open a boutique and sell those designer clothes as demand for them is never ever going to be low and you can earn for your skills.
The temptation to use the latest technology never stops and since we have gotten so used to these products we cannot live without them. As a result, the electrical industry is at boom and all the services related to that. If you are looking for investment, this surely looks like a great option. Once you have proper understanding and are educated about the business don’t fear the probability of loss. Get on to the ride and enjoy the process of opening your new venture. All the best!
It is very encouraging to see young minds having an interest in setting up their businesses and working with full force and empowering themselves. There is nothing such as big and small in business, your investment and profit are all that matters. Keep the quality of your products good and versatile and enjoy the process of growing and learning. All the best!