6 Business Ideas in India With Low Startup Costs
6 Business Ideas in India With Low Startup Costs
Has the entrepreneurial bug struck you? Well, you’re not by yourself. The majority of venture capitalists are lined up to invest in Indian start-ups as there are twice as many entrepreneurs in India as there are in the US. Generating sure your firm has a high profit margin and only needs a little investment is the best approach to ensure that you start making money right away.
Low-Investment And High-Profit Business Ideas In India
- Travel Agency
- Bed and Breakfast
- Start A Franchise
- Wedding planner
Here are six quick-starting, successful, low-cost business ideas that you might take into consideration:
The Indian landscape has endured because to wanderlust. Consider this: 9.6% of India’s GDP is contributed by the tourism industry, and 23.94 million Indians travelled abroad in 2017. In those other words, the sector has enormous potential and room for expansion. Either you could start your own business, which takes time, or you could earn money over time. To make big commissions and reduce your initial expenditure, you could wish to partner with a host-agency. With just a few thousand dollars, you may well get started with a host agency to learn the ropes of the trade before going it alone.
Bed and Breakfast
Placing your flat or home on Airbnb might be your ticket to a lucrative business idea, with India expected to become one of Airbnb’s major income producers in the next ten years. You may make a significant amount of money with minimal to no investment since you can determine your own pricing and apartment regulations. Although there is some competition in the industry, if you have a facility in a well-known city, you may start making money right away.
Start A Franchise
The easiest option to launch your own company with no risk is through a franchise. For people with entrepreneurial spirit but no business expertise, this is the ideal chance. You may launch a fast-food franchise location, a franchise restaurant or café, a name-brand retail store, or any other kind of enterprise that appeals to you. Because the original franchisor had built the company, you get to benefit from effective business procedures and a reliable revenue stream. Additionally, franchise firms may obtain financing more easily than other types of enterprises.
There are additional advantages to being a franchisee as well. As a rookie franchisee owner, you may rely on the franchise network in addition to receiving training and direction from the franchisor. In order to guarantee that you establish the type of company you want to operate, there are several franchise models to select from. When choosing a franchise, be careful to conduct thorough research about the business’s past and speak with previous franchisees. To review your shortlisted options and assist you in making your selection, you could also wish to employ a franchise consultant.
Franchise development in India is in its infancy and is expanding at a rate of 30% yearly. The sector is currently worth between USD 47 and USD 48 billion, and analysts predict that this sum will only rise. This is the ideal moment to begin because many global franchise businesses have their sights set on India. Factors such as cost, goals, and brand of choice, you may wind up investing anywhere between 50,000 and 10 crore rupees in establishing a franchise.
And over half of the brand-new jobs created in India are a result of the gig economy, which is gradually catching up with it. Whether it was brought about by unfavourable, strict workplace rules or the appeal of flexible hours, freelancing has grown to be a very lucrative industry. There are various platforms with millions of members that provide tens of thousands of possibilities for anything from blogging to online shopping.
The need for bloggers, web developers, and designers has recently increased in India. However, you are not even required to have these talents to work in the gig economy. According to estimates, about 1.3 million Indians moved to major cities in the previous six months to take advantage of these chances. You can drive for Uber, serve food for Swiggy, or ship products for Dunzo and still make decent money. This will provide you with the necessary real-world experience to launch your own company without having to spend a lot of money.
Have you recently wondered how much the individual sharing an Instagram photo for their followers to view or a YouTube cosmetics lesson makes?
You might be astonished to learn that today, influencer marketing is a real and full-time career. You may start generating money by obtaining lucrative brand collaborations and running adverts on your YouTube channel. Â You don’t need to invest much money up first. All you need is a decent camera and some knowledge of the fundamentals of editing.
As you grow, you may step up your game by investing in better tools and assembling a staff to run your outreach initiative.
Start-up wedding planners made it huge in films and television programmes like Band Baaja Baraat and Made in Heaven, and for good reason. Truth isn’t stranger in this instance than fiction. The Indian wedding market, which is estimated to be worth $50 billion (or 133,000 crores), is the second-largest after the US market.
Indian weddings are renowned for their extravagant rituals, over-the-top glamour and glam, and sizable wedding parties that gather for the happy event. Of course, wedding planners play a crucial role in the procedure. Â You only need to rent an office and establish a website in order to get started. Everything else may be outsourced initially, including the catering and décor. To handle weddings well, you will need to have great communication, management, and people skills.
Simply said, you can explore a dozen low-cost business ideas with little work and a great return on investment. However, a franchise is the ideal option if you desire instruction and direction while also earning money. Other businesses are more difficult to develop since you could lack the necessary expertise or industry knowledge. However, if all you want is a side hustle and a quick method to generate money, any company concept with just enough potential as well as the appropriate execution can help you achieve your goals. Fill out the Investor Enquiry Form to get in touch with us if you have any questions about how to invest in a franchise.