It is a dream for everyone to start their own business. If you have some unique skills, you can start up a new business with low investment. Though some small businesses can be started at home, some businesses need a specific place to lease.
Studies report by Small Biz Trends shows that about 90% of new businesses fail within one year. If you are not planning for business just for this reason, it can lead you to failure in life long. So, you should plan your business well before its launch.
Perform the market study for the service or product you are going to supply. Also, consider the potential rivals and what they are providing. Seek advice from the people you trust. Also, create a database of target customers before starting up.
As discussed, you can mostly start with a small investment with whatever you have. There are several financial institutions and community organizations offer loans on easy installments and low paperwork.
21 Best Small Business Startup Ideas
After doing all the preparations above, you can easily start up your small business. Remember that you should have the utmost confidence, daring, determination, and passion for entrepreneurship. Be very sharp about what you are starting –
1) Mobile Repairing and/or Selling Recharge and Accessories
By 2022, India is all set to have a whopping 800 million smartphone users. Well, this number will grow significantly with the availability of affordable mid-range smartphones from leading brands and with easy EMI options.
So, there will be a huge demand for technicians and shops offering mobile repairing services. Along with that, you can also offer mobile phone and DTH recharges as well as accessories like mobile phone cases, covers, headphones, screen protectors, etc.
2) Affiliate Marketing
In case you don’t know, affiliate marketing is just selling products and services offered by someone else and getting a commission in return.
A lot of companies are offering up to 20% of commission for products on their retail price. It is a very profitable business today and there is no sign of slowdown for around 100 years to come.
One of the best examples is the Amazon Affiliate program. Within a year or earlier, you can make up to Rs. 50,000 per month, depending upon your dedication and time you invest. It takes some time and money to invest upfront.
First of all, you have to choose a niche (subject) you are interested in, such as healthcare, smartphones, weight loss, laptops, etc. Then you need to book a domain, which costs around Rs. 1000 per year for the lowest one. After buying a hosting plan which also costs the same for startups, you can create a WordPress blog and start creating content.
3) Tiffin Service
It is a great business idea to start from home, especially for housewives. There is a great demand for meals delivery to homes and offices. It takes a very low investment to start your own business. Everyone wants homemade, freshly prepared meals while living out of their hometown.
4) Handmade Candles
The demand for candles is always on the rise. Especially during the festive season, the demand goes very high for the businesses. Even most homeowners and businesses order therapeutic and scented candles to form a great ambiance.
You can start making candles at home by investing around Rs. 30000. This is for buying raw materials like a wick, wax, thread, moulds, aroma oils, etc.
You also need some equipment for making candles, such as thermometer, melting pot, weighing scale, pour pot, an oven (for melting wax), and hammer.
Pickles have been consumed by Indian households for centuries. Almost every Indian household stores one or two types of pickles at least. So, making pickles is an easy and safe way to start small. Indian pickles and spices are also exported to different countries.
With a small investment of around Rs. 25000, you can easily start making pickles at home.
6) Indian Papads
The fried or roasted, crispy and thin papads are common starters with most meals in India. They are the perfect staples on various occasions, parties, functions, and celebrations. Making them is quite easy with basic ingredients like spices, wheat flour, and vegetable oil.
There is a huge competition in large scale production. But you can start small by investing around Rs. 30000 to Rs. 40000 and sell them to nearby retail shops and departmental stores. You can also use flours made from rice, chickpeas, lentils, tapioca, etc. to add some changes to your products.
Along with just a ‘work from home job’, blogging has become a serious business. If you have some space at home, you can easily start. You can either partner with friends or hire an SEO expert, content marketer and a content writer for your blog.
With a proper strategy, you can enjoy great returns. In the beginning, people easily start earning from Rs. 10k to 20k per month and go high up to Rs. 10 lakh per month by spending a few years or so in blogging.
8) Pet Care
Most homeowners keep their pets as a member of their family. But while traveling for business, leisure or any other reason, they cannot take pets along everywhere. So, there is a great demand for service providers who can look after the pets in the owner’s absence.
You can definitely consider this business if you are good at dealing with pets. This business needs a low investment to start up.
9) Making Bakery Items
Have a good oven at home? Start getting your oven work for you at home. You have to arrange for some ingredients to start making cakes, cookies, muffins, and other baked goodies if you have got some delicious recipes.
Customers always want better and new tastes by taking less risk on their health at the best prices. If you have good skills in baking such goodies, you can easily start at home.
10) Travel Business
If you have a small office space or you just have a laptop or PC at home with an internet connection, you can easily tie-up with bus operators, book hotels at several destinations, and offer online train and flight booking to clients and make profits instantly.
Eventually, you can start offering other travel-related services like tour packages, sightseeing, and cab services. You can also deal with major service providers for earning a commission at every booking made by you.
Instant noodles are very popular and the most widely consumed snack in India across urban and rural markets. You just need to have basic ingredients like wheat flour, starch, salt, sugar, vegetable oils, spices, etc.
You can choose from different fully automatic and semi-automatic machines. You have to blend in starch, flour, and sodium bicarbonate and mix the dough and pour it through the machine. You can cut the noodles in any shape and dry and pack them.
You can buy low-capacity machines for Rs. 40,000 and later buy premium ones that go up to Rs. 1.5 Lakh.
12) Network Marketing
Popularly known as chain marketing, network marketing is a great idea to start your own business. You just have to register at the reputed brands which offer great range of products. Searching for some top brands offering most-demanded products in the market is very easy on the web.
With the growing concern over health, people are always looking for nutritional and health supplements and beauty and skincare products. You can promote your products among your friends and encourage them to join your business. You can also create a website to promote your offering.
13) Mobile Garage
It happens to almost all of us when our scooter, car or motorbike breaks down in the middle of the roads. The helpless owners sometimes don’t find any mechanic every now and then.
In that case, you can come up as a lifesaver to them by offering mobile garage services. This business requires very low investment. You just need to have a mobile phone, a car and all the tools to repair a vehicle. You just have to rush to the place where the owner is waiting for repair.
14) Cotton Buds
The market of cotton buds is growing exponentially with increased awareness of hygiene. Even small manufacturers have come forward to source the absorbent material like cotton, spindle/stick, and packaging. Then, the raw material is kept on the cotton-bud-making automatic machines.
You can buy machines according to your output and quality requirements. You can start this business for just Rs. 20,000 to Rs. 40,000 by buying a machine.
15) Disposable Cups and Plates
The food-grade disposable cups and plates are widely used during functions, events, picnics and other occasions in India. They are also used by hawkers and street vendors. With their increased usage, they are also very affordable to make. They are basically made of paper and are widely used as an alternative to steel, glass, and plastic.
You can acquire the paper to make paper cups and plates from the nearby scrap shops for cheap prices. The most part of your investment will require machines that cost up to Rs. 50000 according to their capacity.
16) Stapler Pins
Staplers are widely used in colleges, schools, government offices, banks and every other place where documents are used. Stapler pins are very important for staplers. They are made of galvanized white iron wire. They should be made of quality iron to last longer.
You can produce staple pins on a large scale with automatic machines. The round iron wire is flattened and pins are produced in specific lengths by the machines. You need to invest up to Rs. 3.5 lakh for the machines that can output around 350 pins per minute.
17) Jute Bags
There is a great use of reusable and biodegradable ‘golden fiber’ these days. Jute bag manufacturing is also growing especially because of the ‘plastic ban’ initiative by the government. It is very simple to make a jute bag. Different types of bags can be used for various purposes. You need to invest around Rs. 50,000 and rent up a small area of only 500 sq. ft.
18) Making Papers
Paper manufacturing is another affordable business idea. From schools and colleges to leading corporate companies, papers are everywhere. There is an endless demand for papers, despite having improved focus on going digital. From A4, A2, and A3 to small papers, there is a great scope in papermaking.
So, you need to choose the manufacturing location wisely to save on transportation costs. To set up machinery, you need to invest around Rs. 2 Lakh to Rs. 2.5 Lakh and arrange for the raw materials.
19) Organic Soap
Organic soaps are another great market to enter if you are looking for a lucrative small business opportunity. You need raw materials like herbs, glycerin, moulds, essential oils, microwave, and others. For scaled production, you need to invest up to Rs. 2 lakh.
You can start at home or lease a small space. You can also join a lot of government courses related to soap making.
20) Coconut Hair Oil
These days, people are very conscious of using all-natural and safe products. Many people just want quality products, no matter how much they have to pay for. They don’t want to compromise on their beauty and health. So, it is wise to start a coconut hair oil business.
You need to invest around Rs. 1 lakh to set up this low-cost unit. You can either work with farmers or rent small farmland.
21) Smartphone’s Tempered Glass
Despite global market inflation, the smartphone market is always thriving in India. In the first quarter of 2019 alone, India ordered over 32 million units, as per the reports of International Data Corporation.
Tempered glass is one of the most demanded accessories for smartphones. These products are made in machines that heat up these glasses and cool down rapidly. These glasses also pass through breaking tests, hardness, and dimension checks. They also contain added protection, glue and silicon. The glue sticks the tempered glass to the device screen for a longer period.
You can invest up to Rs. 75,000 for low-capacity machines and Rs. 1.5 lakh for high capacity ones.
Vijay Ramavat is the founder of Wpeasier. He has 10+ years of experience in Digital Marketing and WordPress. He loves to share his knowledge and views on different topics through writing.