Start-up ideas that have earned crores for Indian entrepreneurs. Updated on August 9, 2017. John. more. Contact Author. Why should you begin a Startup? Are you someone who is interested in starting your own business enterprise instead of working for someone else? Well, then its time that you begin your own startup Business ideas for Startup companies in India. Started by group of friends as tiny ventures, many startups have now grown to be billion dollar enterprises today. Even Facebook was once a startup. All you need is an innovative business idea and the Will to continue working towards your dream. Today, Startups are the most talked about in the industry. Angel investors are willing to invest in Startups today. Even Conglomerates like TATA have invested in Startups.
India is considered to be one of the most progressive countries in the world, flourishing with tremendous human resources, and a massive market. Due to these reasons which have boosted the nation’s potential, India has attracted a huge amount of Foreign Direct Investments. This is the reason that everyone wants to start a business in India. Many have been initiated in India, as it is highly beneficial to establish a business in such flourishing environment especially when the government is taking news steps like and Startup India to help the industrialization.
So if you have read our topic on then now its time to know the technicalities and registration process which is required to start a business in India. In order to start a business in India, there are different steps involved depending upon the citizenship of an individual (whether he is an Indian, an NRI or a foreigner) and on nature of the business. The questions and difficulties that foreign national/ NRI faces subjected to the limited options available differ according to the type of business they want to start- whether they want to start a business based in India and then gradually expand it globally, or they are looking forward to own equity in an Indian startup.
Now let’s have a complete look at the procedure of starting a business in India step by step: Common Documents Required to Start a Business in India • Copy of Pan Card of Director(s) • Copy of Voter Id Card of Director(s) • Copy of Aadhar Card • 2 Passport size photo • 6 months bank statement • Electricity/ water bill copy of registered office • Rent agreement if registered office is on rent • 1 canceled cheque Related- Types of Companies in India Before registering a company, it is a prerequisite to choose the type of business entity/ company a person wants to start. There are majorly 5 different types of legal entities to start a business in India.
Depending upon various factors like taxation, owner liability, investment, funding, etc., you can choose any one identity which suits you the best according to nature of your business. 1. Sole Proprietorship • Considered as the entity to establish which doesn’t need its own PAN i.e. the PAN of owner acts as PAN for the firm. • Depending on the need and services provided by the firm, the business should be registered with the concerned government department.
• The ownership of sole proprietorship can’t be transferred from one person to another however, the assets can be sold. • As the owners’ personal assets can be attached to meet business liability claims, the proprietors have unlimited business liability.
• As FDI (Foreign Direct Investment) is forbidden in India in form of sole proprietorship so this cannot be started by any foreigner. 2. Partnership • Governed by the Partnership Act, 1932 two or more people can form a Partnership with a maximum of 20 partners.
• Partnership deed containing the details of the amount of capital invested by every partner, how much profit/loss each partner will share, salary of each partner, etc. is designated. Owners of every asset are the partners of the firm. • Although a separate PAN is assigned by the Income Tax Department, the partnership doesn’t really have its own legal standing.
• Partners are subjected to unlimited business liabilities and losses incurred are payable from every partner of the firm. • It is not necessary to register the firm with Registrar of Firms (ROF). Partnership deed is not treated as legal document until registered with ROF but this doesn’t stop the firm from suing someone or from someone suing firm in the court of law.
• A foreigner cannot start Partnership firm also. 3. Limited Liability Partnership (LLP) • Established by an Act of the Parliament, LLP allows members to retain the flexibility of ownership similar to Partnership Firms but also provides a liability protection. • The extent of investment decides the maximum liability of each partner in an LLP. • It has its own PAN and legal status. • It provides protection to partners against illegal and unauthorized actions of other partners. • If the number of investors are more than seven than the foreign promoter can opt for the Limited company, but the company would have to raise equity funds from an abundance of shareholders.
• FDI in LLP requires prior approval from the Reserve Bank of India. 4. Private Limited Company • It allows its owners to subscribe to its shares by paying a share capital fee.
• It is a separate legal entity both in terms of taxation as well as liability. The share capital is the deciding factor for the personal liability of the shareholders.
• Register the company name with the appropriate Registrar of Companies (ROC). • The article of Association and draft of Memorandum of Association are prepared and signed by promoters (initial shareholders) of the company. It can have between 2 to 200 members (can be individuals or even corporate entities) with a minimum share capital of Rs. 1, 00,000.> • Minimum of 2 directors and a maximum of seven directors are appointed by the shareholders to look after the daily affairs of the company.
It is recommended that one director be an Indian Citizen and Indian Resident (living in India for over 186 days) while other board members can be of any nationality or residency. • It has more compliance burden as compared to Partnership and LLP. Accounts of the company must be maintained according to Income Tax as well as Companies Act.
It is a very tedious job when it comes to closing the company but the shareholders can change without affecting the operational or legal standing of the company. • It allows a high degree of separation between ownership and operations, thus allowing investors to exit by selling shares without being liable for company affairs.
5. Public Limited Company • Similar to Pvt. Ltd. Company but the number of shareholders can be unlimited with a minimum of seven members. • It is generally very difficult to establish and can be either listed on a stock exchange or remain unlisted. Shareholders of a listed Public Ltd. Company can trade their share freely on the stock exchange. • A Public Ltd. Company requires more public revelations and compliance from the government along with market regular SEBI (Securities and Exchange Board of India) including the appointment of autonomous directors on the board, public revelations of books of accounts, maximum limit on salaries of Directors and CEO.
• It is an independent legal business whose existence is not affected by death, retirement or insolvency of any of its shareholders. Related- Steps to Register a Company After deciding that which type of business entity you want to form now to need to register it with all the legal approvals. 1. The first step is you need to hire any Chartered Accountant/ Lawyer of India because he is familiar with all the rules, processes and fees. I would suggest you to hire a Chartered Accountant(CA) instead of Lawyer because he knows company laws better than a lawyer.
2. Then the proposed directors should get the Digital Signature Certificate (DSCs) and also request for Director’s Identification Number (DIN) which requires the ID and address proofs of the proposed directors.
If you are a Foreign National/NRI, you must submit a self-attested and notarized copy of your passport and an address proof (Driver’s License, Utility Bill, Residency Card). 3. Enrol for Service Tax, VAT/Sales Tax, excise duty (check applicability), Shop and Establishment Act, Customs duty, apply for TAN and file Entrepreneurship Memorandum at DIC (Optional).
4. Find out about state specific guidelines and procedures; take all the permissions/ licenses required at the construction stage; do post construction clearances, and ensure that the employees are registered under Employee State Insurance (ESI) Scheme and Employee’s Provident Fund. 5. For registering an office for the company, an NRI/Foreign Resident requires electricity bill/property tax receipts/gas bill and a No Objection Certificate from the owner of that office.
If you are an NRI you need to get a PAN Card issued in your name from the income-tax dept. Get an OCI card issued in your name as it entitles you to some benefits which are extended to an Indian citizen as far as business and tax issues are concerned.
6. Ensure that the company is a member of all the business organizations related to the sector it is engaged in. If it is an export/import business register yourself with the Director General of Foreign Trade which requires a bank account number and a letter from the bank along with details of partners/directors.
Steps by which Foreigner can Start business in India There are mainly two ways through which foreign business can enter in India. First is registration of company which is fastest and easiest way of entry as it requires no special permission from Central Government of India. Secondly one can opt to register branch office, project office or liaison office which essentially requires RBI and Government approval and certainly more cost and time.
If you are a foreigner then the copy of documents should be notarized by the Indian embassy in respective country or home country. Foreign nationals have the flexibility of establishing and operating a business in India without traveling to India.
After incorporation of the company, Indian director can open a bank account in newly incorporated company’s name after which FDI flow must be reported to Reserve Bank of India.
It should be ensured that your business is in proper agreement with all the mandatory regulations in India. For better understanding regarding the scopes of different sectors, you can also read the . The cost and time required for registration of a company in India is nominal thus making India an easy place to start a business.
Furthermore, the Indian government is making a continuous attempt to make the process of doing business in India hassle free. Share:
top 10 startup business in india - What are the top 10 startup ideas for business in India?
Startup Incubation (also known as Startup accelerators) hold significant importance in a country like India where entrepreneurs by the score are launching new setups and changing the game of business by minutes. For the uninitiated, Startup incubation programs or centers provide support functions, mentorship and resources to individual entrepreneurs or entrepreneurial setups.
This enables them to get all the expert advice and technical guidance that they need to survive for a longer time, unlike most other entrepreneurial ventures that fizzle out within a few months of their launch. Almost every other prestigious B-school today houses an incubation center so that great ideas can be nurtured from their very source.
Currently there are about 100 incubation centers supported by the ISBA which is the apex Indian professional body supporting business incubators. Private incubators are a handful, but gradually growing. These numbers are expected to double within the next two years. Let’s take a look at some of the good business incubation centers in India. Contents • • • • • • • • • • Innovation and Entrepreneurship (SINE), IIT Mumbai, If you’ve heard of , and SMSGupshup.com, then you must know that these ventures came into existence because they were nurtured and incubated by SINE – the tech incubator housed at IIT Bombay.
ThinkLABS Technosolutions, an educational robotics venture, Myzus Technologies and Elnfinitus are amongst some of the famous businesses that SINE has incubated. These startups have been successful in raising venture capital investment after incubation of upto Rs. 3 crore from the market. Established in 2004, SINE can incubate an average of 15 companies at a time and has an infrastructure spread over 10,000 sq.ft.
They still haven’t opened up to external business incubation because ideas from within IIT just don’t stop flowing! To know more, visit their Technology Business Incubator, IIT Delhi Run by IIT, Delhi, this incubator is accepts icubation applications from either IITD students, alumni or one of the members of the Acadamic staff only.
The selection criteria is quite stringent. If external startups want to be a part of it, they can explore having tie-ups with the college professors, which can then enable you entry into TBI. You can check more details on their website. Technopark Technology Business Incubator (T-TBI), Kerala Established in 2006 with the support of the Government of Kerala, T-TBI offers fully furnished working spaces spread over 15,000 sq.ft, expert opinions and guidance from the industry, marketing and legal management consultancy and financial assistance.
T-TBI has till date successfully incubated about 60 companies and has had a 92 percent success rate. In early 2011, T-TBI was chosen as the world’s best software incubating company and the first Indian organization to have achieved this status. To know more, visit their Startup Village Startup Village is a different kind of incubator which is a public private enterprise run by Government of Keral.
The Govt has earmarked Rs. 100 crore for Startup Village and want to incubate over 1000 startups in 10 years. Interestingly, students entrepreneurs are offered with various perks to be part of this incubator including getting attendance at college, grace marks and even tax exemption for business generated by startups incubated within Startup Village premises.
You can find more details on their website here. Indian Angel Network (IAN) IAN in an equity based business incubator center that gives priority to ventures in the areas of healthcare, gaming and animation cloud computing, retail, mobile VAS, media and entertainment, alternative energy, education and clean technology.
It has been established with the support of the National Science & Technology Entrepreneurship Development Board and the Department of Science & Technology of the Government of India.
In addition to the regular functions of a business incubator, the IAN incubator helps startups to get seed funding and pre angel funding through its tie-up with Small Industries Development Bank of India. The IAN also has strategic alliances with DST supported incubators, corporate, R&D labs and many industry associations. The IAN incubator is particularly famous for the activities it organizes – from its ‘Open Saturdays’ to angel investors meet to workshops for training entrepreneurs.
To know more, . Technopark TBI Technopark Technology Business Incubator (T-TBI), is the India’s first Non Academic Business Incubator, hosted and housed inside the Asia Largest IT Park Technopark. Technopark Technology Business Incubator (T-TBI), a joint association of Technopark, Trivandrum and the Department of Science and Technology (DST), Government of India, to help the technology business start-ups.
TBI provides startups with fully furnished office spaces, mentoring support in developing business and technology plans, networking of business resources, seed capital assistance, marketing assistance, professional assistance, conference facilities and video conference facilities.
You can find more information about them here. Centre for Innovation, Incubation and Entrepreneurship (CIIE), IIM Ahmedabad A business incubator housed at India’s prime business school simply cannot be left out of the list. Having started incubation initiatives since 2007, CIIE has an interesting perspective on why it doesn’t provide physical space for business incubation. They want entrepreneurs to build their ideas from wherever they are stationed, so that the local economy benefits from its growth.
From the time it started, CIIE has incubated more than 50 companies, only a handful of which were owned by IIM students.
CIIE has been incubating businesses in the areas of internet and mobile technology, clean technology, social sector startups and healthcare. From mentoring clinics to art exhibitions from global warming initiatives to social enterprise funds, CIIE has evolved as a prestigious business incubation centre in India.
Some of the CIIE’s incubatees are Colored.by, Biosense, Boond, Croak.it, Flick2Know, Ideophone, amongst a host of others. To know more, visit their website. NSRCEL, IIM Bangalore NSRCEL is an incubation center run and managed by IIM, Bangalore.
They offer various incubation offers all the basic facilities to startups including an office space, desktops, Hi Speed Internet facility, Uninterrupted Power supply etc. The incubator provides mentoring from their eminent faculties and also offers seed money support to some of the incubatee companies. The funding is primarily through government grants and its disbursement is in accordance with the guidelines that have been laid down by the primary funding agency.
Screening is done by the screening committee before startups can get into NSRCEL. You can check more information on their website here. GSF Accelerator GSF is a private accelerator rather than a incubator. However, many startups from their portfolio have been quite successful.
Some of them have got acquired by likes of Facebook or then raised hefty Series A funding after being mentored at GSF and hence we are including them in the list. According to their website, GSF wants to push innovation and entrepreneurship in India through angel and seed investing. Their larger mission is to encourage flow of informed, knowledgeable mentorship capital to the start-ups in India and beyond.
AngelPrime AngelPrime was launched recently in 2011 in Bengaluru by well known names in the Indian tech industry like Bala Parathasarathy, Shripati Acharya and Sanjay Swamy. The areas that AngelPrime aims to incubate in are mobile payments, e-commerce and smartphone / tablet apps. It has already begun incubating a mobile payments company and a smartphone and tablet startup.
Unlike the CIIE, AngelPrime believes in incubating their ventures at their office space so that they can be closely monitored. AngelPrime has an edge in its services because the founders bring their previous corporate networks and experiences into incubating new ventures.
To know more, visit their website. Business incubators play a large role in reducing the gap between new products / services in stages of ideation to their commercial rollout. It also provides an equal platform to so that they can create products and services that will benefit all sections of the society.
Latest news about Business Incubators in India: • The Ministry of Science and Technology cleared a proposal for setting up a Rs. 36 crore biotechnology business incubation center at the University of Pune called the The Science and Technology (Scitech) Park. • The Hubli-Dharwad Municipal Corporation in the North Karnataka region is planning to open an incubation center at the Aryabhata IT Park in Hubli to attract and hone entrepreneurs in the IT sector from Hubli and Dharwad.
• In 2012-13, The Ministry of Science and Technology has proposed to set up a Nano Park near the Bengaluru International Airport (BIA). This will host a nano-incubation center, science and technology-based business incubator, physical infrastructure and other support systems.
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Good to hear that TTBI Kerala one of the best incubators in India. Im sure Start up village in Cochin will also become one of the best in that kind soon. The whole place is charged up and you feel the vibration.The young Indians are the one going to lead the change for the world, any support interms of guidence, mentoring and funding will help them to move out faster from the incubation face.
Are you looking for small business ideas in India with small capital in 2019? Here are 50 and business opportunities in India you can start with low investment. It seems that there is no shortage of small business ideas in India. According to , the IT industry in India is booming these days. In 2016, the total export of IT services was 61 billion Indian rupees. Similarly, the package software spending in India was 5.3 billion in 2017. This industry has seen immense growth in last few years.
Due to huge growth, IT parks have been created to assist entrepreneurs to pursue their online business ideas in India. At the same time, small business trends are also changing in India. It is projected that outsourcing business will boom in 2019 & 2020 and Indians can greatly benefit from this niche.
Further, I’d like to draw your attention toward the National Electric Mobility Mission Plan 2020. It is one of the most important and great initiative of the Government of the India. They’ve designed a plan in which the traditional car / automobile industry will be partially shifted to electric/ hybrid cars. By 2030, the entire cars will be electric. It can be one of the best upcoming business ideas in India because this trend will create massive business opportunity for all India businesses i.e.
manufacturing, services and trading. Due to the great contribution of small businesses in India, the economy of India seems to be stable and it is projected that it will grow in the upcoming years. If you are brainstorming about best business ideas in India with low investment, then luckily, we’ve handpicked some of the best and new small business ideas in India which can launched with zero to little investment.
But at the same time, I’ve mentioned some big investment and business opportunities in India that require some significant investment. So, explore the following list of best small business ideas in India for beginners and choose right startup idea that matches with your interest, skills, and experience.
Read Also: Small Business Ideas in India with Zero to Little Investment 2019 1. Freelance Business Do you know freelancing is one of the most profitable online business ideas in India? Yes, it’s true. Freelancing is becoming the best business in India and you can start with zero investment and earn high profit. No matter, if you are doing a full time job, housewife or you’re a student, you can do freelancing at any time. Clients from all over the world prefer to hire Indian freelancers in order to reduce their business expenses.
So, if you have skills like freelance writing, logo designing, web developing, or programming, then offers your freelancing services online and get paid. Read: 2. Content Writing Services There are millions of websites on the internet and almost all of them need unique and fresh contents to update their websites. If you’ve good writing skills, you can offer your content writing services to your clients worldwide. You can get clients using freelancing sites.
At the same time, you can directly approach to website owners to hire you for content writing projects. To double your client base, make your own website and do professional SEO. 3. Content Marketing is not a new term. It has been used for decades but with different name. Storytelling! Content marketing is a type of marketing in which contents are created, published and distributed for target audience online. If you are good story teller and also familiar with content writing, then use your skills to make money.
4. Web Development and Designing Services As I mentioned above, India is having one of the biggest IT industries in the world. Apart from call centre in India, there is a great scope of web development designing services. There are lots of graduates are associated with this small business and making a living.
You can also learn these skills and render your services to local as well as foreign clients. 5. App Development / Software Development Just like web development and designing, is another niche in which you can earn a lot of money.
In app development, there is further two broad niches i.e. android and . 6. SEO Services at Small Scale Every website owner wants that his/her website should receive good internet traffic and also have good ranking on search engines.
Due to tough competition, the demand of SEO has been increased. If you’ve deep knowledge of On page SEO, Off Page SEO, Local SEO and Technical SEO, then it is one of the best business ideas in India with low investment which you can start today.
Read: 7. Fix WordPress Website Issues Only is hosting 17.5 million websites alone on the internet. WordPress is basically an open sourced and free content management system.
It is user friendly and easy to use. But sometimes, it becomes difficult for non-technical users to fix issues. If you are expert in WordPress, then pick this idea and earn money.
To find clients, you can make your own website and do local SEO to find clients in your area. At the same time, you can also find WordPress clients through freelancing sites. 8. Write Business Plans Whenever entrepreneurs launch any startups or plan to launch new product/service in existing business, they need business plans. include executive summary of the business / product / service, marketing plan, management plan, operational plan and financing plan. Sometimes entrepreneurs / businessmen may need business plans for , financing or .
So, here you can help them and write business plans on behalf of them. 9. Resume Writing Business If you have a good experience in human resource and know how to write a good resume then offer your resume writing services to job seekers. To find potential clients, join or alternately you can show your skills on LinkedIn as it is a good platform for professionals. 10. Accountancy Services For business sustainability and legal point of view, managing accounts and finance of the business is mandatory.
If you are graduate in commerce, master’s in business administration or holding any advance certification like chartered accountancy then offer your accountancy services.
Apart from local clients, you can also earn handsome income if you render your services to foreign clients. To secure clients and providing services, you should have good command on accounting, excel and you also have your own accounting software. 11. Starting a Blog is a good online small-scale business in India to make money online. If you have creative ideas about blogging, SEO, developing, programming or entrepreneurship and highly confident to write on these subjects then start your own blog and make money online in India.
Starting a blog is not a difficult thing. All you need to find a good domain name for your website. Once selected, you will need to buy a web hosting and install your WordPress.
Within 1 hour you can easily create your professional website on WordPress. There are different ways through which you can . For example, traditional advertisements, affiliate marketing, sponsored contents/ reviews or selling something. 12. Tutoring Services Providing tutoring services is another best business in India. If you are an expert in the specific subjects, then why don’t you offer your home tuition services to students?
There are numbers of college graduates out there who are making good side income by starting this part-time business.
You can offer your teaching services to your neighborhood or even you can start your own academy to teach students in a large group. Apart from that, you can also start this business online. Yes, it’s possible. If you have a good grip on technical subjects, then join study blue. Every year, hundreds of thousands of students join this site to get a personal tutor. Join this website and get paid for teaching others. 13. Stock photography Services Just like copyright claims on contents and ideas, claims can also be raised on copyright photographs and images.
To avoid copyright claims, business avoid copyright images or alternatively they try to use royal free images. There are some stock photography websites where people can stock photos. At the same time, these websites also pay to the owners of the images who upload original and unique images on it.
If you’ve a professional DSLR, then try to capture amazing pictures and sell it on stock photography websites. 14. Start your own YouTube Channel I’ve seen many people who started like a normal person. But after their work their channels got hundreds of thousand subscribers and they became celebrities.
If you want to start a small business in India with zero to little investment, consider this idea. To become successful, hard work is necessary. For instance, you will need to choose right niche, do proper SEO of your channel, and regularly share your videos on your YouTube channel along with social media channels for maximum exposure. 15. Social Media Consultant It is one of the best small business ideas in India for womens.
Believe it or not, social media consultancy can help you to earn a lot money. Social media consultancy basically involves designing, creating, and upload contents on social media, advertising contents to boost sales, and interaction with followers. 16. Selling Custom T-Shirts Online Starting a customized t-shirt printing business is one of the best small business ideas in India with small capital that can be launched easily. If you don’t know how to get started, read here .
17. Buy and Sell Domains In online business ideas, buy and sell domain is one of the lucrative and innovative business idea which you can start with little investment. You can buy domains from GoDaddy or Namecheap and then sell it on marketplaces like Flippa.com 18. Become Virtual Assistant In the introductory paragraph, I mentioned that there is a great scope of virtual assistant services in India. The future seems to be bright but at bigger scale.
At small scale you can also become a virtual assistant and offer your services. For instance, you can provide services including editorial services, inbound / outbound calls, email management and many more. Read Also: 19.
Garment Tailor It is one of the best home-based business ideas for women. The demand of self-made designs has been increased in India specially in cities like Kolkata, Mumbai, and Delhi. If you’ve creative skills and know how to sew cloths per customers demand, then you should sign up for the business.
All you need is to invest some funds good sewing and stitching machines. 20. Tea Stall This is basically a micro business idea which can be launched with small capital. At the same time, if you want to start your tea stall business at crowdy places and want to offer your service to brand conspicuous consumers i.e.
shopping malls, five-star restaurants, hotels, airport or railway stations, then you will have to buy tea machine. The price of tea maker starts from Rs. 10,000/- to Rs. 50,000/-. The price of tea maker depends on the functionalities. Further, you’ll have to bear cost of rent. More crowdy places, the chances of rent maybe increased.
21. Juice Corner This micro business idea is similar to tea stall and it doesn’t need a lot of money to get started.
In summer season, the demand of juice corners is usually increased. You can start this business from small level but later it can be expandable. Further, the location of business may increase your business cost. 22. Online Courses is an online learning platform where people can buy online courses for learning purposes. Further, Udemy also provides opportunity to become instructor. You can write courses for students and sell it using Udemy. 23. Online Fitness Instructors Obesity is worldwide problem However; this problem is also increasing in India.
In 2017, published a report in which they mentioned that India is getting fatter by day. Due to this issue, other health issues are also increasing in India. To reduce obesity and other fitness, people often go to gyms or sometimes they hire fitness instructors to get ride from this issue.
If you’ve certifications in health and fitness instructions, then you can use your qualification to establish a good source of income. You can offer your fitness instruction services both offline and online. If you want to start online, you can choose YouTube or otherwise you can launch your website. Here are some micro small business ideas in India that doesn’t require any explain, you can also start these small businesses with low capital.
24. Script Writers 25. Tiffin Service 26. Research Based Business 27. Translation Services 28. Mobile recharge shop 29. Online Bakery 30. Wedding Consultant Small Business Ideas in India with Medium Investment 31.
Launch your E-commerce Site The in India is booming. The trend of online purchasing is increasing day by day. Due to this trend, it is becoming one of the best online business ideas in India.
You can launch your eCommerce site and sell your own products. At the same time, you also allow other people to join your site and become seller. You earn money through selling your own products or you can deduct commission when other products of other sellers are sold through your website.
32. Dropshipping Business Drop shipping business is another great online business ideas in India which can launch with medium investment. To start this business, you’ll need to create a good website and list all products on sale. When customers visit your site then they will place order and pay you. After that you can forward these customers’ order directly to other retailers or manufacturers after deducting your commission. 33. Make a Job Portal The demand of jobs is also increasing in India.
No doubt there are several Job portals and websites in India, but you can also launch your own site and increase your passive income. 34. Food Delivery Services It is another awesome best business to start in India. Due to the internet expansion in India, a majority of people often place their food related orders online.
If you have a bike, auto, or vehicle, then offer your food delivery services to restaurants and customers. After successful delivery of food, you will be compensated by restaurants.
35. Private Hire Car Company On special occasions / events, people often hire luxury cars or private hire cars to enjoy VIP services and make their days memorable.
If you’ve some executive / business / luxury cars, then you can render chauffeur services for business meeting, wedding days, and day tours. 36. Buy and Sell Websites This business is similar to buy and sell domains, but it may involve some investment because the sale prices of websites are usually high and vary from website to website. 37. Event Organizing Company Sometimes, people feel difficult to manage events. If you have good management expertise, then you can start your own small event organizing company.
It is highly a lucrative business idea because you will only have to offer your management skills rather than commodities.
For this purpose, you may need to hire people to assist you in event management. To grow your business, you may need to distribute your business cards or advertise your business in local area. Read also: 38. Wedding Planning Agency Wedding planning is supposed to be a similar business idea with event management, but this is entirely focused on wedding ceremonies and it is the best business to start in India. Every year, thousands of marriage ceremonies are arranged at large scale in India.
People spend hundreds of thousands of rupees on marriage functions to make them memorable. For this purpose, they hire wedding planners to manage their ceremonies effectively so that people can remember these events in good memories.
If you think you are good and creative at wedding planning and also have health relations with suppliers and vendors that offer unique wedding items then start this profitable business immediately. 39. Start your own SEO Agency Today, we are living in the world of internet and technology.
Almost every business can be seen online. Businesses spend thousands of rupees in order to increase their website presence and sales on the internet. For this purpose, they hire SEO consultants who apply some on websites to boost its internet ranking and ultimately it leaves a good impact on business sales.
If you are the internet or tech savvy then believe me this is one of the best profitable business ideas in India with least investment.
There are numbers of people who know SEO, are making good bucks from this profession. All you need to learn about latest SEO techniques both On-page and Off-Page. Read Also: 40. Sell Products on eCommerce Stores Image Source – Pixabay Nowadays, people prefer to do online shopping. Even this trend is also increasing day by day in India.
You can also sell your products online. All you need is to visit and that will allow you to create your personal merchant account. Once created, add your product images and start selling your products online. 41. Grocery Shop / General Store At local level, it is another one of the lucrative small business ideas in India.
If you can invest around 50K, then you should start a small grocery / general store in your area. Starting this business will not require any specific skills. All you need is to start this business at small scale but once your sales increases, invest more to expand your startup business.
Check: 42. Rental Services Business Starting a rental services business is one of the best small business ideas in India where tourism is at its peak. If you are living in Kashmir, Himachal Pradesh or any other part of India where Tourists love to visit beautiful places; you can offer your vehicles and houses at rent. It is a good idea to start a business in India because you will only have to rent out your property to tourists. Furthermore, you can also make good money by offering your tourist guide, ski instructions, and rock climbing services.
43. Start Water Filtration Plant Do you know? 76.8 million Indian people don’t have access to (wall street Journal). It means, a majority of people living in our society is drinking polluted and unhealthy water that causes serious health issues.
This is really a major problem exists in Indian society. Source – WSJ An entrepreneur always comes up with a unique solution that resolves the problems of the people. Believe it or not, it is one of the most profitable, sustainable and best small business ideas in India with low investment and high profit.
In fact, it is one of new business ideas for Indian market. You can also pursue this new business in India with low capital. Start a water filtration plant, purify the unhealthy water and start delivering the fresh water to people. 44. Property Management Business Starting a property management is a profitable business to start in India. For this business, you should have excellent sales and marketing skills to sell the property. It is a lucrative business idea because you will become an intermediate party and earn commission by both parties.
45. Taxi Services People often need transport services at their doorsteps. Recently, UBER introduced its Smartphone application in India. Through this application, people can easily order the taxi online. If you have a car or rickshaw then why don’t you start this business? All you need is to sign up for UBER partnership program and boost your sales. Related: 46. Starting a mobile food court business in your local area You can also start a food business in India with small investment.
In food business, there are various types of businesses you can start such as retailing, manufacturing, distribution and transportation of food. Starting a small restaurant or food court is also a part of food business. To start a successful food business, you need to choose the right location and vehicle, food licensing and permit, relevant kitchen equipment and .
In India, the sale of junk food is also increasing day by day. So, it is another small business investment opportunity for you if you are interested in food business. 47. Jewelry Business India is one of the largest jewelry importer as well as market in the world. Each year, jewelry and gems industry contribute a lot in the GDP of India. It is important to highlight that the demand of gold in India is increasing day by day and also predicted that it will also increase in the future.
Currently, the Indian jewelry industry is estimated to have a market size of 5 Billion INR in 2018. If you want to start a jewelry business in India, you can start different types of jewelry businesses such as • Jewelry Retail Shops • Jewelry Online Shops • Trading of Gold • Jewelry manufacturing By the way, Jewelry making is the best business in India with respect to profitability.
48. Clothing Business Clothing Business is another lucrative manufacturing business ideas in India you can start with low capital.
Just like jewelry industry, the clothing industry is also booming in India. If you want to make investment in this niche, I recommend you to do a detailed market research and then invest your money. 49. Poultry Business Starting a business which is related to basic needs of human beings, usually enjoy good return on investment.
If you are interested in this business, there are several options you can think about. For instance, you can start a poultry farm, poultry distribution or retail shops. 50. Dairy Business Ideas in India Dairy Business is one of the best small scale businesses in India. It is another necessity based business. Dairy products have great demand in India. All you need is to invest your money in this sector and enjoy good return on low investment.
51. Travel & Tourism Agency In 2015 tourism census, ranked India at number 24. According to the report of (2018), the direct contribution of travel and tourism to Indian GDP is INR 5,943 Billion which is equivalent to USD 91.3 Billion. It is also projected that the contribution of this sector will increase 7.6% in 2018. Similarly, the contribution of this sector will continuously rise by 7.1 per annum from 2018 to 2028. Apart from contribution in GDP, this sector is also increasing employment in the country.
It means that the future of travel and tourism industry is bright. If you start your small business in this niche, then you may reap the rewards in future. More Profitable Businesses in India With Small Capital Apart from the aforementioned small business ideas in India with low investment, here are some other business ideas that require some investment, but they are also highly profitable business ideas. 52. Starting an Auto Spare Parts Shop 53.
Parking Stands for vehicles near plazas and commercial malls 54. Starting a Restaurant is a best business to do in India. 55. Selling smartphone is the best ideas for small business in India. 56. Starting Medical or Pharmaceutical stores near hospitals. 57. is also a new innovative business idea in India for beginners. 58. Website rental business Final Words There are hundreds of other small business ideas in India that you can think and pursue with low capital. But starting a business needs some prior , proper business planning, Unique selling propositions and effective growth hacking strategies.
Once you have these things, there will be more chances of success. Good Luck! City Wise Business Ideas in India 2019 • • • Helpful Articles: • • • • • PS: Manufacturing business ideas in India will be shared soon.
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Top 10 Profitable Business Ideas For 2018