Are you interested in starting a business in India? Do you need ideas on the best small business investment opportunities in India? Then this article is for you.
No matter how rewarding your full-time job may be, finding the right side business ideas and eventually becoming fully self-employed is even more meaningful than great pay and solid benefits.
With Rs50,000 (aprox $1,000) or less, you can start a very profitable business anywhere in India and with more capital, you can venture into bigger businesses. Though there are several business opportunities in India right now, here are the 25 most profitable small business ideas to explore:
1. Start A Blog
Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers, creating content on diverse topics are making extra income just by creating contents that their audience love.
Having a blog that drives traffic opens you up to a combination of revenue models such as paid adverts, sponsored post, affiliate marketing, blog sponsorships, and other revenue streams.
Your first step is sharpening your writing abilities, understanding what your audience craves and learning how to write a blog post that drives traffic and brings you readers on a regular basis.
2. Graphic Design
Do you know your way around Photoshop, Illustrator, and InDesign? Have you taken a few design classes, and do you have an eye for good branding? Turn your skills into a business as a freelance graphic designer.
You’ll have almost no overhead and can charge significant hourly rates to do what small business owners can’t do for themselves—create awesome marketing graphics!
I recommend showcasing your design skills on platforms such as Pinterest, Instagram, and Facebook to earn a good customer base.
3. Cake and Cupcake Bakery
Making, decorating, and selling one-of-a-kind cakes and cupcakes for occasions ranging from birthdays to weddings to anniversaries is a great business idea for the hobby baker to pursue, and one that is potentially very profitable.
You can get started on a shoestring budget by baking and decorate right in your own kitchen. An effective marketing idea is to send samples of your cakes to interested parties to make sure they send business your way or showcase pictures of the cakes on Instagram using appropriate hashtags.
4. SEO Consultant
SEO is an abbreviation for Search Engine Optimization. If you some basic experience in marketing and website design, starting an SEO consultancy business is pretty easy.
No capital whatsoever is needed. This is totally skill oriented. Basically, you get paid for optimizing websites and making them rank higher on search engines like Google, Bing etc.
There are a lot of startups and businesses in India that are willing to pay a consultancy fee for you to help them rank better online.
5. Drop Shipping
This is a form of business that you can start with very low capital. What you need is your laptop or smartphone, internet data, and your social media platforms e.g. Facebook, Twitter, Snapchat etc. ( which could serve as your online shop)
Starting a dropshipping business is a highly profitable business idea that has the potential of making millions of rupees if well managed. The secret of the business is identifying and knowing what the people need at the particular moment and knowing where and how to source for those items.
6. Open A Restaurant
Every town, big or small, needs (and deserves) a few good restaurants. Your local pizza castle won’t suffice for all occasions and events. But much like owning a bakery, opening a restaurant business is not something to go into halfheartedly. You need to have the passion, the drive, and the obsession of both a great entrepreneur and a chef (or at least a hard-core foodie).
Opening a new restaurant can seem daunting at first. There are some many different things to consider, from choosing the right location and finding financing to selecting the right name and buying equipment. The first step in opening a new restaurant is deciding what type of restaurant it is going to be and also put up a business plan to guide you along the way.
7. Affiliate Marketing.
If you already have a website that’s driving in targeted traffic, a great way to make passive income from the content you are already creating is through affiliate marketing.
There are tons of affiliate marketing networks and tools that can help you make money from the content you already produce, thus amplifying your side business idea income.
It doesn’t require much money to get started, and you don’t have produce, stock or ship product inventory, or deliver a service. You’re essentially paid for referring new clients and customers to other businesses online.
8. Home Cleaning Service
Do you clean your house so well that you could start your own home cleaning business? Similar to a handyman service, the home cleaning business is a service that is in great demand around the country. Especially if you live near a big city with numerous residences
Before you decide to start your own home cleaning business, make sure this kind of work is right for you. You will need to be in good physical condition as cleaning is very hard strenuous work. You also need to have good customer relation skills.
9. Virtual Assistant.
Have a knack for staying organized? A virtual assistant is one of the best online business idea & is very popular among women. As a virtual assistant, you put your skills to use by helping people with a various task that they want to get done.
Becoming a virtual assistant can be a particularly great side business idea if you’re hoping to travel the world while making money online as a digital nomad. There are numbers of freelance sites where you can find unlimited virtual assistant opportunities.
10. Social Media Consultant
Are you social media savvy? Do you know how to build a good number of followerships on social media platforms within a very short time? Are you also looking to make money from your social media skills? Then Social Media Consultancy is your life-line.
Social Media Consultants get paid by impressions, likes, shares, and conversions which mean the higher the numbers the more money you get. You can even make money by developing social media strategies for brands that are willing to promote their brands on Social Media.
11. Digital Marketing Agency
A digital marketing agency is different from your traditional marketing agency in that they are typically focused on results-based marketing in the digital world. Measurable marketing and ROI is the name of the game.
There are lots of average digital marketing agencies in India right now. Starting your own digital marketing agency does not require much capital all that is needed is the digital skills and experience to drive great result for your customers.
12. Photography Business
Photography is a popular profession and hobby right now. If you’ve got a great eye and are always the one who documents special moments, you might want to consider making a career out of your photography passion.
You’ll need to show your prospective clients what you can do, and working alongside a professional photographer is a great way to get some experience and start to build a portfolio.
13. Driving for Uber or OLA
If you love driving and have an entrepreneurial spirit, why not turn your passion into a source of income? There are many different reasons why driving for Uber or OLA is considered as a profitable business, one of it is the freedom to drive and make some money when and where they like.
The business will require an investment such as getting your own car if you don’t already have one and also getting a drivers permit. So if you don’t have the money you should first be really sure whether or not you are willing to commit to a business loan.
14. Web Design & Development.
Although it’s easier than ever to build a website from templates and content management platforms, such as WordPress, many businesses still prefer to hire a web designer to build and manage their websites.
The combination of high demand and lucrative income potential makes web design a popular home business idea. As a web developer, you’ll build incredibly valuable skills that are in extremely high demand. You can get up to speed on building websites in as little as a few months with inexpensive or free online education programs.
15. Property Management.
Property management is a surprisingly easy and affordable field to enter, requiring minimal education or experience, and almost no small business start-up capital. It is a multifaceted business that involves liaising with many different types of people (landlords, tenants, contractors).
It’s definitely not for everyone. There are many issues and responsibilities that come with buying a rental property and becoming a landlord, and starting a property management business is no different but it is a very profitable business to venture into.