Small Business Ideas
India has lots of business opportunities which require
moderate to large sums. The amount of money you need to stat up a viable
business venture range from Rs 1000 to Rs 100,000.
The type of business venture size, location and cooperate
structure dictates the initial investment. With little capital an Indian businessman can
start and grow their businesses into a huge conglomerate.
If you have limited funds there are a lot of business ventures
you can start. Listed below are a few business ventures that can earn the
budding entrepreneur huge profit.
Private
tutor
With very low amount of initial investment you can earn
huge money as a private tutor. If you
are a university graduate, or an experienced teacher private tutelage business is
your best bet.
Parents are faced daily with the challenge of helping
there children get good grades. By offering private tutorship you are paid good
sums of money.
There are two ways you can start this business. You can
create a study environment within the confines of your immediate environment. You
can rent a small shop or office space and convert it into a class or you can visit
clients at home.
Home tutelage is the easiest and cheapest business format
and it will cost you less than Rs1000. If you are lucky and have up to ten
clients you will make huge profit in no time.
When doing private tutelage you need to work hard so your
students pass there examinations.
Your student’s success equates to more clients who will seek your service.
Your student’s success equates to more clients who will seek your service.
The last thing about private tutelage is that you should set
a competitive price that is reasonable for both to you and your client.
Event
management temp service
Even management temp service has to do with creating a
support group for event managers. Event managers no matter how large the
organization outsource lots of there services.
Some of the services outsourced by event managers are
drinks, refreshments, ushers, cooks, small chops, decoration and even planning
and logistics.
If you are skillful in any of theses areas you can offer
your services to even management services. Once they are satisfied with your service you
become part of their success.
They will consistently hire you and even recommend your
services to other event management companies.
They key to success as a support company is good service,
lots of networking and moderate advertisement. With about Rs3000 you can start
this business.
The good part about this business is that majority of the
financial burden is carried by the event management companies.
They usually pay upfront for certain services to food
vendor, ushers, event decorators and other services.
Leather
refurbishing business
There are millions of old leather bags, shoes, sandals
and jackets that need refurbishing. You can start a leather refurbishing
business from a relatively small space.
The business model depends on the kind of machinery you
purchase. To save cost you only need a few small machines to help in the refurbishing
business.
The first step is to go for training in bag repair, furniture repair, shoes
and cloths repair. Then purchase the basic equipment needed for the business.
The third most important part of the business is
identifying a cheap but ready source of products. You can find such items in
used stores or open market places, discarded items or discount sales.
If you put good
craftsmanship into the repairs and refurbishing you can make six times you
investment on each item. You need to make sure you make whatever item very
appealing and elegant and you will roll in money.
There are many ways to sell your recreated leather items.
You can give them to department stores, sell directly to customers, open an
outlet store, use trade fairs, and open stalls.
You can even market your wears on the internet on
websites like eBay and earn dollars.
Start
a car wash business
Car wash business is a highly lucrative business venture
that can make you very rich fast. The business venture does not require huge
capital investment.
The major challenge to opening a car wash business is
location. The cost of the location should be kept low if you are to succeed in
this business venture.
All you need for the business is a location, source of
steady water supply, a pressure hose and washing equipment like car soap, foams
and towel.
People doing this business make lots of money in a very
short time. Other transportation that visits car wash outlets are tricycles, motorcycles,
vans and even trucks.
To increase your profit you can add engine wash and
interior cleaning.
Even
management business
Event management business is a highly lucrative business
venture. However, the business is a little bit capital intensive and requires
lots of initial investment.
Many cooperate bodies use the services of event managers
including party planners, and weddings. To start this business you need some level
of training and apprenticeship to learn the tricks.
You also need lots of networking and advertisement to get
paying clients. A new company can offer great discounts to attract new clients
and latter increase pricing.
Event planning is a highly competitive business and you
need to be on top of your game to succeed.
Garment
manufacturing
Garment manufacturing covers different aspects of cloths
making. The cloths manufactured industry includes fashion items like uniforms, overalls
and work shirts.
To make good money from garment manufacturing you need to
specialize in one or a few sectors of the business. If you choose to make
school uniforms you will have large orders of cloths to fill which means more
money.
You can gain knowledge for the business via training or
hiring professional tailors to do the work. If you know how to cut, design and
sow it would be highly advantageous.
Lots of women gravitate towards this business venture but
men also succeed in the business. When you decide on a sector you need to
approach the company or school you want to service.
To test you competence in garment making they might give
you a sample of their work for you to duplicate. The quality of what you
produce and your prices will determine if you get the contract.
Garment manufacturing requires specialized equipment for
the cutting, sowing and even buttons. If you have the finance you can have most
of the equipment in-house but outsourcing some of the production process is
another option.
Indian garment makers also leverage on the international market earning lots of dollars in the process.
Food
delivery service business
Office and home food delivery business is not capital
intensive and its very lucrative. There are two way to do food delivery
business. One you can cook the food and deliver to clients or buy ready made
food from reputable restaurants and deliver to customers.
Making your own food gives you better control of the
quality of the food you sell. Depending on the format you need a dedicated
kitchen, specific menu, a clients list, dedicate receptionist to answer calls
and a delivery method.
The delivery method can be by truck, car, bicycle, motorcycle or on foot. The only requirement is that you get the food to your
client on-time, hot and in good shape.
It takes time and marketing to build a clients list but
in a relatively short period you start earning good returns. To succeed with
your food delivery service you must factor cost of transportation and cost of
meal including service charge when billing the recipient.
If you price is fair and competitive then you are in
business.
Babysitting
Baby sitting is good business and the overhead cost is very
small. If you are a stay at home mom and you don’t mind taking care of peoples
children then the business is for you.
Baby sitters in every part of the world make huge money
including India. The only danger is that you need to be extra careful with
other people’s children.
To start this business all you need is a good environment
for children and a permit. Make sure the play area is beautiful and colorful
and don’t take on more than you can handle.
You can get clients through paper advertisements, area advertisement, word of mouth and recommendations.
Housekeeping business
Housekeeping goes beyond individual houses and include
schools , motels and hotels. Many housekeeping jobs abound and some hotels
prefer to outsource housekeeping than hire regular cleaners.
To start the housekeeping business you need lots of
cleaning agents, brushes, scrubs and buckets. The quality of you job will bring
new clients and recommendations.
Housekeeping is a tough business because it involves
manual labor, so you need to give it lots of consideration before starting this
venture.
Property manager
Property manager is when a clients hands over the development
or management of a property. The type of property dictates the way you handle
the property.
Property management has different aspects and the manager
has to be disciplined and hard working. What the property manager does depend on
the contract and arrangement between the property owner and the manager.
The only underlining factor is the profitability of the
said property. Property managers need
lots of sales and marketing skill to succeed in this business.
Job search companies
Job search companies are popular in many countries and
are highly profitable. If you want to start a job search company you need to
be honest and genuinely help your applicants find befitting jobs.
Companies are always searching for highly trained workers
so providing this service is pure cash in the bank. The better your reputation
in this business the more clients you get both from the cooperate world and job
seekers.
The requirement for this job is purely networking and
transparency. Highly reputable job search companies rake in huge profit
monthly.
Online job search companies
Do you know you can start an online job search company
alongside your offline job company. Job websites are very popular and brings
lots of companies including job seekers.
Most online job websites allow free classified for
companies but can charge for exclusive advertisement. They can also make money
from subscriptions, Google advertisements, job placement and other sources.
The more popular your job website the more money you can
make.
Soap manufacturing
Soap manufacturing is not as difficult as you think
because the basic ingredients to make soap are about three. It all depends on
the add-on like fragrances, coloring and other ingredients.
Once you have your mold and a few equipment and chemicals
you are in soap business. You need to get a little training in soap production before venturing into this business.
The business is very lucrative and you can make three
times you investment in a relatively short time. You can even branch out into
detergents for more money.
When manufacturing your soap you can add your brand name
and get official approval. You can market your soap to departmental stores,
open market, online and to neighbors.
Are you interested in soap making learn these simple steps on how to make soap.
Are you interested in soap making learn these simple steps on how to make soap.
Transport business
Transport business is highly lucrative and you can become
very rich in a very short time. The bus service business has a simple format
and its easy to execute.
You might need a few local authority certifications
especially on certain routes. You also have the option of driving the bus
yourself or hiring a drive.
The driver you hire should be trust worthy because he can
break or build you transportation empire.
Taxi shuttle business
Taxi shuttle is good business you can do it on your own or hire
drivers.
Start small and build a client list before expanding the
business. You might need a dedicated website for you clients to reach you
including telephone numbers on the taxi and website.
To get noticed you might need to do a little
advertisement and even turn you vehicle into a mobile Advert.
Festive sales
India has many festivities from public holidays, religious festivals to
weddings. You can make brisk sales during these festivals by providing items
used on such occasions.
Festive and religious occasions attract millions of
people who gather in a small area. This is a big business opportunity for any
smart business minded person.
You can even provide a service and smile all the way to
the bank.
Start a laundry service
Laundry services are good business ventures because they
bring steady income daily. The business template is very simple and the rewards
great.
To start your laundry business you need a good location
like a shop or store. You need equipment like washing and drying machine,
industrial or hand held iron.
Other things needed is detergent, starch and
transparent nylons to run the business. Laundry business is not rocket
science and the remunerations are worth your effort.
Software company
Software companies are big business ventures because of
the kind of money they can attract. If you are a good software development all you
need to succeed is a software that people want.
The primary currency you need in software development is
your brain and a few equipment. The company can develop applications for
telecom companies, oil and gas and even manufacturing companies.
If your software simplifies or solves a problem you will
get lots of clients.
Opening an art gallery
Art galleries can make money if you attract the right
kind of customers. Art always sells and foreigners love Indian art and are
ready to pay premium price.
You can get art from both old and established artists and
craftsmen. The gallery can hold quarterly exhibitions to attract new customers
and patrons.
You can also sell some of the art online with a website
for the gallery. You can make a good living running an art gallery.
Start a private school
Private schools are cash cows if you are successful in
this business. If you don’t have lots of patience then this business is not for
you.
It takes several years before a private school gets
established so you need patience. You also need lots of government approval,
recommendations and good teachers.
Stating a private school is capital intensive but the
eventual reward can make you a millionaire.
Other business ventures
There are many more business ventures you can start in
India and make lots of money. Do you know you can start your own private
martial arts class, teach swimming or other sports.
You can start a night club, manufacturing company or
venture into real estate. Others are opening an art gallery, music store, auto
shop.
There are many business venture you can start in India
with moderate amount of investment.
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