Nine Highly Profitable Low-budget Business Ideas
Starting a new business in India is easy as there is no shortage of buyers and government support. With the help of the Ministry of Micro, Small, and Medium Enterprises(MSME), you could quickly get a loan to start your business. So you do not need to worry about the fundings; you only need a fantastic Idea. A low-budget company can get you a higher profit percentage than a large investment business if you execute it properly. In this article, we will discuss some of the best low-budget business ideas, how much funding you will need to start it, and the future probability of that business.
Nine Low-Budget business Ideas that Gives High Profit
Open an eCommerce store.
An eCommerce business is one of the best highly profitable and low-budget online business ideas. There are so many reasons to invest in an eCommerce business.
● The initial investment is very low
● No selling and timing boundaries
● Monitored from anywhere
● No qualification and Skill required
● You can sell your product nationally and internationally
Starting an eCommerce business requires a website, hosting, and a digital marketing company to promote your business. You can start this business with an investment of Rs. 1 lakh only. Through eCommerce platforms, you can sell fashionable clothes, electronic appliances, beauty products, etc.
So you want to start your business on a low budget, so you will also need an affordable digital marketing company. After our in-depth research, we found the perfect company for your new business and the company is Quibus Technosys. Quibus Technosys is a full-service digital marketing company in Jaipur providing affordable and high-quality services since 2011.
ECommerce is a fantastic opportunity because, as per Gartner’s report, “The e-commerce sector has registered a growth of 36% year over year in the last quarter of 2020″. Also, as per IBEF(India Brand Equity Foundation), “The Indian E-commerce market is expected to grow to US$ 111.40 billion by 2025 from US$ 46.2 billion as of 2020.”
Start an Online Tuition/ Coaching Classes:
Want to start a small investment business from home? Then you must try online tuition/coaching classes because, After the COVID attack in India, the demand for online tutors has increased so much that students cannot attend their schools. Indian parents are so concerned about their children’s studies that they find alternative ways for their children’s studies. Also, it has become easier for students to join classes anytime and anywhere. You can start this business with a small investment of Rs. 25000 only as you do not need infrastructures and a more prominent place to start it.
Here are some Online Tuition/Coaching classes ideas for You.
1. Language Classes
2. Cooking Classes
3. Subject classes to a target school or college students
4. Skill classes such as Coding, designing, Etc.
Hence, before You teach anyone, you must develop a skill or get expertise in any specific subject or Language.
Teach People How to drive:
Driving school business will always remain in demand because driving a car without experience is risky. Also, no one wants to crash their expensive car. So, if you can teach people how to drive, it’s an excellent opportunity for you to start a profitable and low-budget business today. You can train at least 15 to 20 students every Month with a single car. With an investment of Rs.3 lakhs, You can easily start this business. It will require some legal formalities such as PAN number, Insurance policy, etc. You can buy a used car to start this business with low investment to teach your students.Become an Event Planner
An event planner is an evergreen business in India. It doesn’t matter whether it’s marriage, birthday party, ring ceremony, or funeral. People spend lakhs of money on these types of events in India. Managing these events in decoration, catering, wedding themes, and more required an event planner. So it’s an excellent opportunity for you to start a business today by taking advantage of these types of events.
According to a report by KPMG in 2017, the Indian wedding industry is estimated to be around $40–50 billion in size. To start an event planner business, you need a small investment of 1-3 lakhs and 5-6 skill workers and logistics. Hence You are a planner, so you don’t need any place to start. The only thing you need is an “EXCELLENT SERVICE.” You can type with banquet hall owners to get clients for your business.
Open A Fitness Center.
In India, 50% of the population is below 25, and 65% is below 35. Youth are more curious about their fitness, and many of them want to build their physique. The initial investment of a fitness center is approx 5 Lakh rupees in India. You can lease fitness equipment if you’re going to start it with a low investment. You need to hire a fitness trainer if you are not good at bodybuilding. As per Timesofindia.indiatimes, “the fitness industry has a market of $2.6 billion in India.”
Start Packer Mover Business
Every month people move from one place to another. A man can’t shift his house on his own as it requires large vehicles, team members to load and unload household items, so they cannot move their home without the help of packer-movers.
Also, people require a packer business for:
● office relocation
● Local shifting
● Car and bike transportation
● Local shifting and more
To start this business, you need a one-time investment of 3 to 5 lakh rupees, a truck, two team members for packing and loading. You can get so many clients every month through Google My Business listings.
Start a Bakery Business –
In India, people celebrate their special days like birthdays, wedding parties, office parties, ring ceremonies, etc. And the cake is the most common element of these celebrations. Bakery is one of the best low investment high-profit businesses that we mentioned in our list.
Also, it’s a long-term business because, As per WBOC,” India Cake market is forecasted to reach USD 882.24 million by 2024.” You need an initial investment of Rs. 5 lakhs, a store with backspace to set up bakery-making equipment, and 2-3 skilled bakery makers to start this business. Your principal investment will be in the bakery machine and Cake Display Counter.
Open a Beauty Parlour
A beauty parlour is also an evergreen business idea because demand for grooming and fashion remains high in India. During India’s wedding season, the beauty parlour demand increased so high that females needed to book their slot a month ago. Indian females care about their beauty whether they are at the age of 15 or 55. As per Statista, “The market size of the cosmetic industry recorded a year on year growth and was forecast to reach a value of 20 billion U.S. dollars in 2025“.
Also, beauty products’ margins are shallow if you buy them in bulk. To start this business, you need funding of at least Rs 50,000. You need professional grooming skills and a well-populated area for your parlour location to start this business. With the time people become well-known in your locality you will make a handsome amount every month.
Start a T-shirt Printing Business
T-shirt printing is a business that can start with almost Zero Investment. As per Indiaretailing,” the size of the t-shirt market in India is estimated to be at Rs 23,211 crore, which is expected to grow at a promising CAGR of ~10 per cent over the next decade to reach Rs 61,954 crore by 2027.”
To start a T-shirt printing business, you need a small Investment of at least Rs 40,000 T-shirt Printing machine, graphic design skills, and a store on a busy street. You can sell custom print t-shirts on both online and offline platforms. You can get thousands of interested customers through online platforms such as Google, Facebook, Insta, etc.
Here we sum up all our best low-budget business ideas in India. Every business profit depends on many factors such as location, Skill, marketing, etc. Before investing in any business, do proper research about the area, opportunities, competition, etc.
Zahir khan is a full time SEO content writer in a digital marketing company in Jaipur. He reads and writes articles about digital marketing and business growth topics. He loves singing, cooking, writing, cycling, and dancing almost everything.