However, we realize that this is easier said than done, and launching your own business is as risky as it is beneficial if it takes off. You need to know the additional pros and cons of the market you are considering entering, before actually investing your money in it.
Well, you no longer have to worry or be afraid to make your dream come true! We have researched all the pros and cons of the current business and economy scenario, and have compiled the top ten business ideas for India, which require less investment but high income at present.
Food is a basic need for all humans. Especially when you are in a country full of foodies, owning a food business is sure to bring you huge profits.
Whether at a humble street-side food stall or a fancy restaurant, if you are confident that you will be able to serve good food, you have a guaranteed customer base.
You don't need as many recipes or dishes available as chain restaurants have been in business from the very day one. All you need is some experienced employees. Let them focus on a certain number of main dishes that will be the customer`s main attraction, and you are good to go!
A large part of each country's economy depends on the textile and clothing industry. And with good reason, clothing is one of the three basic needs of a person.
So when it comes to starting your business with a low-cost investment with a guaranteed audience and high market demand, the tailoring or embroidery business is the way to go! This business sector has been around for decades, and most are home-based businesses that take orders from individuals and small boutiques.
The demand for the tailoring business is always in demand, especially in big cities, and if you receive good reviews, this sector offers you a lot of scopes to grow and open your boutique!
With the recent hype in technology and the internet that has taken hold in recent years, owning an online business will provide you with a fantastic opportunity to make big profits. Even if you start small, you will receive ample opportunities to grow into a large-scale and widespread business.
Statistics have shown that online businesses attract more audiences than those that are offline, whether in clothing or groceries. Therefore, it is not surprising that website developers and designers, social media influencers, and bloggers are in increasing demand by online businesses today.
You just need a computing system, a hassle-free internet connection, and the right software to set up your online business, and there you go!
Who among us doesn't like to be surrounded by their favorite subjects, be it food, beauty, travel, books, or cooking? And being able to earn money documenting your experience with the said object and writing your reviews is nothing less than a dream come true.
Whether it's travel blogs, beauty and lifestyle blogs, food blogs, or even movie review blogs, blogging is undoubtedly one of the most flexible and creative ways to earn money from home while doing what you like to do the most. The goal is to attract a large audience that will be your source of income.
Regardless of whether blogging or V-logging, which is the video-based option for blogging, all you need to do is be entertaining enough to keep your audience base engaged with your content. Not only will the platform you use, like YouTube or Instagram pay you, but you will also have the opportunity to attract sponsors in your industry.
Today, people are becoming more and more health-conscious, and healthy alternatives to unhealthy traditional snacks have become quite popular. And when it comes to liquid-based options, healthy fruit drinks with less chemical preservatives or no preservatives are the most popular today.
This reason makes fruit juice stands not requiring much investment to configure the best option for Indian businesses in the current market scenario. If you add Indian drink options that may not be as healthy as the options discussed above you are guaranteed to attract a good customer base, especially in the summer season
However, all you need is a small space to set up your stall and special attention to bring the best quality products to your audience.
Indian mothers used to be housewives in previous decades and otherwise families used to be joint and grandparents generally looked after younger children if they had working parents.
But with the advent of nuclear families where only one husband, wife, and child live together, and both parents are office goers, the only option available to them for caring for a young child is the Daycare or in a crèche.
The concept of daycare services has been around, particularly in major urban cities for several decades, and as more women choose to become working mothers, this business is sure to grow for years to come.
Indians have always been fans of extra activities, be it painting, dancing, singing, doing gymnastics or practicing any type of sporting activity. Almost all parents tend to put their young child in an additional training activity or training center so that their child will learn a special skill or have a hobby that will help them in the future.
If you yourself are an expert in any of the areas we mentioned above, you can take on the task of being the coach, but even if you aren't, don't worry! You can always hire a few additional assistants who are experts in certain areas.
Marketing your academy to attract students is an area that requires a real investment. All you need is an empty space, and that's it!
Many people, especially housewives, have the ability to prepare unusual dishes that make everyone ask for more. However, the prospect of spending a large part of their day working in a restaurant with ten other chefs or owning a food truck might not be an idea for them. Will your skills go to waste? Of course, no!
Therefore, the option of starting your own cooking classes is the best idea for people who want a shorter working hour or to earn money from home. This idea is becoming increasingly popular in urban cities where young people often seek to learn how to cook new foods or recipes as a useful and enjoyable leisure activity.
You will even have the option to take your classes from home, or even take them online as you wish!
Yoga is something that will not only appeal to an Indian base but if you are particularly careful in your marketing techniques you will also be able to attract a wide audience base of foreigners. Yoga has been the ancient practice of staying fit without the need for any additional or expensive gym equipment.
Although this practice was on the verge of disappearing, in recent times it has been at its pace and has attracted a wide range of followers, both young and old.
This business literally requires no investment if you already have the skills or the knowledge. Other than that, you can always hire yoga asana instructors to work for you too.
Indian weddings are nothing less than mini-festival. When it comes to attending and enjoying weddings, they are what you can enjoy the most. But when it comes to organizing them, well, the stress of taking responsibility may not be the most fun.
If you are someone who loves to be in charge and in control, this is a perfect business idea for you! Whether it's a big wedding or a small wedding, you can always show your creative side and make things more wonderful than expected.
All you need is a small team of yours and a good connection with a few other businesses such as caterers, florists, DJs, etc., and you are good to go!
Starting your own business is something that requires a lot of advance planning and having a solid mindset. And when it comes to investing, we hope our article provides you with some good ideas that will be inexpensive to save the extra money.
Also Read: Carlyle in talks to acquire stake in Indegene for $140m