Small business idea with small investment
Small business ideas with low investment and high profit men and women:
The entrepreneur strives for the capital with which he can successfully realize his idea. For every entrepreneur, a great business is one that is not capital intensive. There are many small business ideas that require far less investment. These ideas, if executed well, can ensure that the business thrives and is profitable.
A low-investment business idea is a highly desirable offer. However, most people are not sure what the ideas are and how they fit into their schemes.
Here is a list of profitable business ideas with minimal investment that you might like.
10 Most Successful Small Business Ideas:
What is your favorite subject at school? Do you study math like a magician or do you have a special chemistry with chemistry? Then a room, a few chairs, a blackboard, a pen and some dust is enough to start teaching a subject. If you know a foreign language like French, Spanish, or German, you can easily teach that language and start a small business without much investment. There is always a demand for foreign language courses from both students and professionals, so as a business owner you don’t have to worry about dry pipes. The idea is not just about low investment and high returns, but also about some predictable cash flow and demand. For such a business, you can also start with a very small business loan and there is no shortage of ways you can get a large loan to start this type of business.
2. Event/wedding organizer:
Marriage never goes out of style. Whether the economy is booming or in recession, there is always a market for marriage. What’s more, weddings range from “big fat Indian weddings” to very private gatherings. To put things in perspective, India’s wedding market was valued at around US$50 billion (about 33,000 crore) in 2017 and is growing by 20 percent annually. This is a great opportunity for wedding planners who can ensure that wedding themes, planners, decorators and caterers are available and can plan and organize the entire wedding ceremony flawlessly. This requires initial capital investment in staffing, logistics, and accommodation, of which many small business loan options are available to you. Even though the initial investment is small, the returns that can be achieved once the company size is reached are quite large.
3. Cooking Class:
If the popularity of shows like MasterChef is any indication, cooking classes in India can be great business. It requires very little investment but can bring good returns. All you need is to build a kitchen and equipment, related infrastructure, raw materials and cooking ingredients. Anyone who believes in the potential of this business will need to make a very small initial investment. You can get small business loans from various financial services companies. Once a cooking class is set up, the owner can run multiple groups in the same facility. Therefore, a limited capital investment and a small investment in working capital will be sufficient to run the business smoothly.
4. Driving School/Taxi Service:
If one has good driving skills and can afford a vehicle like a car, driving lessons can be given to people. With the same vehicle, you can train 10-15 customers in a month and earn a decent amount with minimal investment. Getting a small business loan and buying a car is not that difficult. A portion of the driving school profits can be used to pay off loans. Depending on the savings, the fleet can be expanded, more driving instructors can be hired and the business can grow. One can also take out a small business loan to buy a new car. If he has driving skills, he can sign up for a ride-hailing service like Ola or Uber. He can then use ride-hailing apps to offer rides and earn money to pay off his loan and save for further business expansion.
5. Culinary business:
Everyone enjoyed good food. Gastronomy is never without demand. All occasions like birthdays, weddings, anniversaries, etc. Offering food and catering is necessary for food to taste good. All you need for catering services is a kitchen and some staff to cook, serve, deliver and manage logistics. Always wanted to have a dream restaurant chain? You can start a catering business as it is a relatively low investment and high return business. You can take investment loans and slowly build a great business. Given our country and the celebrations, rituals and events we have throughout the year, catering services will always be in demand. This is one of the best small investment ideas in India.
6. Fitness Center:
More than 65% of India’s population is under 35 years of age. Young people are health conscious people and many of them are members of fitness centers or gyms. You love going to the gym and burning a few extra calories. The remaining 35% also includes many fitness enthusiasts and health conscious people. Anyone who has been trained in fitness can start a gym. The premises or infrastructure and equipment can be rented or purchased. The space can be used almost 16 hours a day because people like to go to the gym at different times of the day. The idea of opening a fitness center is a low investment business idea. Even if the potential start-up can’t afford this center, there are plenty of opportunities available to them to take out a small business loan. This is a very profitable business idea, as gym subscribers can hardly visit the gym on a regular basis anymore, but usually pay for an annual subscription.
7. Computer Training Center:
We are in a time where computer knowledge and skills are in high demand. When a person has a basic understanding of how to work with computers and how to work with simple tools such as the Microsoft Office suite of products – Word, Excel, and PowerPoint – that person’s chances of working are much greater. Therefore, there is a high demand for studying computers, programming, and rapidly developing technological fields such as artificial intelligence, blockchain, data analysis, internet of things, etc. Are you an expert in that field? If so, you can set up a learning center equipped with an internet connection, several computers, and study aids such as a whiteboard, projector, and so on. The company is knowledge driven and therefore follow-up investment after initial investment is low. Multiple batches can be released for students, professionals, etc. and with a very small initial investment, decent returns can be obtained. In addition, small business loans are readily available for the initiative.
8. Boutique, Salon, Spa, etc.:
Personal care, fashion and appearance services are always in demand. If you can focus on distribution and brand partnerships after the initial investment in stores and raw materials, it will most likely be a profitable business. Small business loans for the same can be easily disbursed. If you are interested in being your own boss with a venture like this, now is the time!
9. Real Estate Agent or Agent:
How about being the leader of your own company? Sounds interesting. With a little research on the real estate market in the area and an understanding of the prospects for commercial and residential real estate, one can try starting a real estate agency. If you have good communication and people skills, you are more likely to attract buyers and sellers, and closing deals can help you earn big commissions. The investment required to do this is much less, and as you build your network and engage in more transactions, the commissions you earn can make transactions very profitable.
10. Agency for web/social media:
In the digital age, most companies want to spend their marketing budget on advertising through digital channels and paid social media campaigns. If you have strong skills in marketing, communications, branding, managing a web presence, and social media, you can start your own business to help businesses build a strong digital footprint. All you need is an office, a few computers, a skilled professional, and you’re good to go. Is seed capital a problem? You don’t have to worry because there are many ways to get a small business loan to start a web/social media agency.
Other profitable business ideas are:
Creative business ideas:
1. Children’s play/adventure area:
Starting a playground is a very profitable idea for a small business. The investment required for such a business is average.
2. Tea/Coffee Cafe:
Working in a cafe is a new trend. Having a nicely decorated cafe with a good atmosphere and a wide variety of teas and coffees is a lucrative business. Opening a cafe requires a rental/own space with minimal investment.
3. Personal Gift Shop:
A gift shop is one of the best creative ideas. Customers are always looking for personalization in their gifts. Providing them with what they need will definitely benefit your business and increase profits.
4. Antique Shop:
Opening a small antique shop with all kinds of antiques and furniture is sure to attract a lot of people. Antique shops can be very profitable if you find the right customers who are interested in antiques.
5. Event game organizer:
Game organizers are in great demand at various parties such as birthdays, anniversaries, etc. This is a creative business idea that requires you to be good at communicating and being creative.
6. Hot Air Balloon or Boat Ride:
This is one of the most daring business ideas. The investment required for this is the large and skilled workers required to ensure customer safety. To start such a business, you need more space.
7. DJ Service:
Be it an event, party or wedding; The DJ always has priority. Pubs rely heavily on DJs to attract crowds. It takes a lot of skill and experience to entertain a crowd.
8. Chatbot Services:
One of the emerging businesses in recent years is the development of chatbots. Many companies integrate chatbot services on their websites. Building a custom chatbot according to requirements is sure to bring huge profits.
9. Interior Designer:
If you have a degree in architecture, you can become an interior designer. Real estate in India is growing rapidly day by day. It is expected to reach $1 trillion by 2030. In such a growing market, the need for interior designers will always be high. If you are skilled and have the bright idea of turning a house into a home, this business can do wonders.
10. Dance/Music lessons:
Dance and music are two creative businesses. Both operations require special skills and a lot of experience. One of the best things is that you can start this business at home with minimal investment.
11. Ice Cream Shop:
An innovative business idea is to sell ice cream. Create unique flavors depending on the season to attract your customers. This business requires special skills and patience to try different combinations of ice cream.
12. Hair Shop:
People may think the hair business is a strange idea, but the hair industry is one of the most profitable industries. The hair industry accounted for $248 million in 2018. India exports hair to the US, Europe, China and the Middle East.
13. Ethnic Food:
Today people don’t eat to satisfy their hunger, they eat for pleasure. If you think you have amazing culinary skills that can make people lick their fingers, then you should start an ethnic food service at home. You just need to have a proper knowledge of the ingredients and an idea of the culture and region where the recipe comes from.
14. Funeral services:
While it may sound strange, such services exist and they do a good business in India. They must provide services, which may include transporting bodies and advising on rituals. Services may also include the provision of all materials necessary for the cremation ritual.
15. Doula Service:
With a little birth and care training, you can start your own doula service. The investment in this business is very small compared to other businesses. These services include antenatal visits, delivery and postnatal follow-up care.
16. Organic Farming:
Organic farming has been practiced in India since ancient times. The goal is to treat the land with organic waste. With the increasing demand for organic grains in the market, organic farming is gaining popularity. If you own land, you can invest in this small business.
17. Mobile Garage:
Most often the car breaks down in areas where there is no service. If you have a vehicle, you can turn it into a car garage with a small investment.
Home business ideas:
1. Home Chocolate Shop:
No matter what, chocolate will never run out of demand. Be it on any occasion or occasion, chocolate is a must. With a small investment in raw materials, you can start a chocolate shop at home. Homemade chocolate is in great demand in the market.
Recruitment is one of the most profitable businesses today. All you have to do is pick, pick and place suitable candidates to work from the comfort of your home and earn huge commissions from the company.
Fashion and lifestyle is one of the most profitable businesses today. If you are a stay-at-home mom or want to earn some extra income, you can start sewing at home. All you need is a sewing machine and a sense of fashion.
4. Tiffin Service:
Food supply has become an important business in industrial estates. For some professionals who cannot cook at home or live away from home in another city, Tiffin Service is a convenient option. You can use your kitchen to prepare fresh food and start this profitable business.
5. Hobby class:
If you enjoy doing business, start a hobby class. Parents today want their children to learn a lot and not waste time hopping around in the sun. You can start dancing, music and craft hobby classes based on your abilities. The best time to make money in this business is summer vacation.
6. Yoga class:
The healthcare industry is growing in India. In this busy life, people want to take some time for themselves and find peace. You can start yoga classes at home and train people to lead healthy lives with just a small investment.
7. Insurance agent:
If you have good communication skills and a high level of persuasion, you will become an insurance agent. With small capital you can start this business. There is no other easy way to earn good commissions than selling insurance policies.
8. MLM – Network Marketing:
Multi-level marketing or network marketing is a business that requires you to sell products and services to affiliates for a profit. Earnings also include the percentage of sales group earnings you employ. This is a referral only business and you can work from home.
9. Registration Office:
One of the most productive businesses for housewives and retirees is a marriage office. All you have to do is meet and greet people and with a little investment you can run this business from home.
10. Medical sample collection:
If you have minimal knowledge about blood types and various medical procedures, you can start this business. All you have to do is collect a body fluid sample and send it to a pathology clinic near you. It is a less competitive business and can be started in a small space.
Part Time Business Ideas:
1. Customs Service:
If you believe you have excellent management and planning skills, you can run this business effectively. All you have to do is take care of tasks like banking, grocery shopping, paying utility bills, delivering goods, etc. and to earn income from the services you provide.
2. Party organizer:
If you like planning and organizing, how about becoming a party planner? This is the most interesting job because it involves creativity. This business is in high demand in big cities because of their party culture.
3. Accounting and Records:
If numbers excite you, you can start an accounting and record keeping business. Finance people with experience in accounting work can earn through this business by offering their expert services. You will need specialized training for this business, but you can start your own with a very small investment.
4. Child Care Services:
Today, many parents rely on daycare centers to look after their children in addition to work. While some parents only see professional childcare as the safest parenting option, others find a home environment for their children to be the best. So, if you love children and don’t mind spending a few hours a day taking care of them, then you can start child care.
5. Sofa Cleaning Service:
People are getting busier every day. They do not have time to clean their home and office furniture. If you enjoy cleaning, you can team up with semi-skilled or unskilled workers and, with the right equipment, start a sofa cleaning service.
6. Visa Advisor:
Advisers are always needed. If you have knowledge of various visa rules and regulations and can learn about the required documents, you can start a visa consulting company.
7. Private Chef:
If you enjoy cooking and have experience in preparing different dishes, you can become a personal chef and earn from your services. This business requires you to invest primarily in cooking utensils and ingredients.
8. Sports Coach:
If you share a passion for sports and have a degree in sports coaching, you can coach children or people who aspire to a career in sports. You have to train individuals personally so that they can achieve their goals.