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written by | October 11, 2021

Learn About Starting a Small Business in India

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Table of Content


The unemployment rate can be an issue for any country, no matter whether it is developing or developed. Thankfully, the Indian government has rapidly worked in the department and given the slogan of Atmanirbhar Bharat, which means self-reliant India. The government has launched many schemes promoting small to high-level businesses to increase employment and entrepreneurship. Most importantly, the youth of India has responded very positively.

We've got a huge population and demand for new business ideas in India, but the infrastructure is still imperfect. The average monthly income is low in India, so an entrepreneur has to begin on a small scale because resources aren't that accessible. MSMEs don't need to worry as they used to a few years back, all because of many tremendous plans and schemes launched by the Indian government to provide financial support.

Today, let's understand what small yet best business ideas that demand low capital.

Did you know? 

The Indian government has announced ₹3 lakh crores worth of loan schemes that are entirely collateral-free, which is in effect from May 23, 2020. 

Low Investment and High-Profit Small Business Ideas

Fruit and Vegetable Shop

Selling seasonal fruits and vegetables is very profitable. If you're determined and disciplined enough while implementing the idea of establishing a fruit and vegetable shop, you can get your business on the ground in no time. With the right knowledge, you can well-dominate the competition. Besides selling the common fruits and vegetables, you can look for what's absent (or in scarcity) in your market. Let's say nobody is selling dragon fruit in your area. You can be the first one. Just find the right supplier! Most importantly, what you'll be selling is a never-ending demand. Therefore, it holds the first position in small business ideas that you can start right away.Do you have a shortage of cash for a shop? Just read about types of loans and grab one for yourself.

Kirana Store

Since childhood, we have been visiting Kirana stores (small grocery shops) to buy regular household supplies. You may have seen some Kirana stores expanding at a tremendous speed, and a few, which used to be just small ones, have now turned out to be huge stores and even small supermarkets. What can be a better roadmap for you if you plan to set up one Kirana shop? The owners of Kirana shops near you have seen you growing up, and if you ask them for the business tips and their experience, they won't hesitate to share with you.You can understand the intricacies of developing and scaling a Kirana store, think about what better you can do, and finally develop this business with a little investment.

Handcraft Business

In our startup ideas list, the handcraft business is skill-based work. In this business, you generally sell decorative handmade products, and if you're selling something unique, you can earn a lot. There's no deficiency of craftsmen and artisans. You can develop some nose ideas out of thousands available. Further, you can hire the right craftsmen and start generating profit. 

Automobile Accessory Business

To make cars and various automobiles perform high, you always need accessories. Right accessories can increase any vehicle's life, and buying these accessories is necessary. Most importantly, many people don't hesitate to spend when it comes to their vehicle-related maintenance. Selling basic and luxury automobile accessories can be a fabulous business idea

Atta Chakki Business

Atta is again a never-ending demand. Today, a vast percentage of Indians believe in getting their chosen wheat variety grounded at an atta-chakki shop rather than buying packed atta. If you start this business and develop even a small customer base, your chakki will keep on running, and this will keep your pockets filling on consistently. 

Motorcycle Parts Business

Compared to the bikes we had two decades back, today's bikes have evolved a lot. Style has touched new heights, and bikes are a continuously scaling interest. However, low maintenance can kill the performance of even the highly expensive bikes. Right motorcycle parts can increase a bike's life and performance, which is why we never hesitate to spend on accessories for the same. So, it can be a great business venture to get started.

Fancy Store Business

All of us want to look good, and many of us even copy the style of our loved celebrities. A good fancy shop has everything a person needs, which is why customers of all ages and all classes love to visit fancy shops. If you've got a nice collection of truly fancy stuff, you can attract a large number of customers. Most importantly, you can keep a 50-70% profit margin, and still, it won't hurt the buyers! Establishing a fancy store can be a tremendous small business idea.

Gift Shop Business

Gifts always prove to be a great source of joy, enriching many occasions like birthdays, anniversaries, etc. You need and receive gifts for many occasions, and the demand won't end. Also, you can get a supplier who supplies interesting and unique gifts, or even import if possible. You can reap a huge profit margin by selling gifts, and who knows, your gift shop may become the hot spot of your area. 

Bangle Business

Many Indian women wear bangles, as they're a symbol of our society. Demand and craze, both will never end. The cost of production of most of the bangle types is much lower than one estimates, while the selling price in most retail shops is high. If you establish a bangle shop and display a large variety of bangles on your counter, you can convert most of those walking into your shop. 

Tailoring/Embroidery

When it comes to profitable business concepts, this one is based on a higher requirement of our life's clothing. Also, the size of this market is huge. It is a new business idea, but sewing and tailoring have been in operation for a long time and are home based businesses. You can take orders and then complete them on behalf of boutiques with small sizes. 

However, being an established, tried, and true idea, it has a better chance of becoming a profitable future venture, particularly in bigger towns where tailoring services are highly in demand. Naturally, one must undergo the necessary training and will have the necessary knowledge to increase the chances of success in this small-scale business.

Saree Retail Shop

Rating sarees even while sitting at home can be a great business, and this can highly support you not just in meeting your day-to-day expenses but also in saving. You can even open a small shop, work as a reseller of some reputed wholesaler, and easily earn a 20-30% profit margin. Like in the case of various other ladies-related boutiques, in the saree business, having more varieties means more customers and more sales. 

Blogging

If one must pick one idea to make money from a list of online-based small-scale enterprises that you can run comfortably at your home, blogging, and vlogging (video blogging) are all likely to generate income. So as long as they are relevant, it doesn't matter what one writes about or creates a video. 

Some of the most highly-rated performers, including stand-up comedians, have thought of this as a possibility to increase their audience. The aim is to increase readers or views of the blog or vlog by creating interesting content. In the case of some vlog platforms, users are paid as per the number of views. With most blogs, advertising revenues are generated by Google Adsense, which helps the business generate revenue.

Conclusion

These were among the best and new business ideas. However, keep in mind that having the money to put into a small-scale business of your choice isn't enough. It is also necessary to have the expertise to ensure its proper operation. 

Before launching any business, it's recommended to be aware of licensing requirements and other legalities involved. It is preferential to legitimate your business as it will aid you in obtaining loans and other subsidies in the future. Additionally, it protects your business from any legal action. 

Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: Which is the best business to start locally?

Ans:

A real estate agency is a perfect solution. The construction and building market is continuously developing in India. You can tie up with builders that work locally in your city and promote their properties. Also, you can sell against the commission.

Q: What are the best small business ideas from home that you can start with a ₹10K budget?

Ans:

The simple answer is Affiliate Marketing. Many products available on Amazon and other such e-commerce portals which pay you for promoting their products can be beneficial. You can sell such platforms via mobile apps, social marketing platforms, or a blog. Also, there's no investment in starting affiliate marketing. Just a theme and a small hosting will be required that'll cost below ₹10,000 for sure.

Q: How to start a business in India that’ll give you the top-most income?

Ans:

Here are some of the interesting business ideas in India for starting a small business:

  • Automobile repair
  • Electronics repair
  • Tiffin service
  • Blogging
  • Clothes and accessories
  • Pet-care service
  • Educational mobile apps
  • Private tutoring
  • Bake the cake
  • CCTV and surveillance

Q: Which are the best new business ideas in India in 2022?

Ans:

In 2022, oil, autos, services, gold, and housing are among the top market sectors you should watch. Other businesses trending in 2022 include tapering, interest rates, payment for order flow (PFOF), inflation, and antitrust.

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.