Starting your own business can be a daunting task. However, not following the 9-5 daily and tedious office process and making all the decisions yourself is one of the best feelings in the world. However, not everyone is able to achieve the dream of running a business, often because of insufficient funds. But not anymore! With a few small business ideas for a low-cost investment business, which also generates good profits; you can now start your own business and turn your love into an industry.
Dropshipping
Dropshipping is one of the best profitable small business ideas these days. It is a commercial filling method where you can open an online store without saving any innovation. Therefore, you do not invest even a penny in inventory and you can start a business with limited resources.
Whenever a store sells, a product is purchased from an outside company and shipped directly to the customer. Simply put, you make a sale, forward the order to the supplier, and send it to the customer on your behalf. Therefore, you do not need to store or manage inventory. Save your time and money.
Products can be selected from more than one supplier. However, it is recommended that you first order a sample product from the supplier to ensure that it is reliable and that the product quality is commensurate with the online store.
With the downhill model, you don’t need to focus on buying or maintaining inventory. You can focus entirely on online store advertising and customer service. Significantly, the reliability of your store will depend on the quality you offer and the strategies for completing the order you use. You should keep a check on both to ensure the success of the business.
It is a small investment idea where you can re-evaluate the market and find the best one before investing in your own products and presenting them.
Courier Company
Being one of the fastest-growing markets in India, starting a business in the book industry is another cheap and lucrative business idea. Recent changes in the eCommerce industry have definitely helped the courier service business grow at an amazing rate.
In place of starting a business from scratch, which can be very expensive, you can consider taking a franchise from a well-built courier company. Many well-known shipping companies offer franchises at a minimal cost. In addition, you will also have access to their technology-related infrastructure and training and development.
Online Bakery
The online food business is one of the most well-known small businesses in India. And bakeries are also popular. If baking is your cup of tea, you might consider starting a bakery and encash by sharing homemade recipes. The best thing about this business idea is that it can be started in your own kitchen. And all you require is a microvan and components!
Cakes are an important part of every celebration. However, you can consider selling other baked goods as well, such as different types of bread, muffins, cookies, pizza, etc. Not only is it a unique business idea, but it is also profitable!
Although companies like Ovenfresh have taken years of hard work to get to where they are today, many business owners are able to increase numbers in just a few months by taking their business online. Just register a bakery at various online food delivery platforms to increase access.
Online Fashion Boutique
With the advent of fashion, the fashion industry and lifestyle are on the rise. Indian online fashion trading is expected to grow to $ 14 billion by the end of 2020. Therefore, an online fashion store is one of the least profitable business ideas you can consider.
You do not need to be a fashion designer but a fashion lover. Make money by trading your feeling of fashion online! One of the best ideas for a low-cost business is an online fashion store that is easy to open. It can be started at home. You can measure items from different vendors in your online store (using a downgraded model). Or draw and reproduce indoors. Pick a slot and make a creation.
From clothing to accessories and shoes to jewellery, build your product in one or more product areas. Significantly, product quality, customer service, and implementation strategies will play a key role here.
Sell Service
For a business-based business, your time is an inventory. It is your most important investment, too. All you ought to do is give them an opening and the backing they need to maintain going.
Writing, blogging, web design, photography, fitness training, and calligraphy are some such skills you can start a business with. You can sign up for a variety of private markets to increase your chances of finding people who need your skills. Other than that, your social media handles can be a great help in advertising and spreading the word around. Definitely, the best business to start.
Social Media Agency
In the digital age and cutting competition, almost all companies want to market their products digitally. They are committed to spending a large budget on advertising on various digital channels as well as paid social media posts and campaigns.
Managing a communications agency can be a smart little business idea if you have sound marketing experience, branding, communication, social media, and web presence management. You can start your own business to help other companies find a strong digital presence.
All you need is a few computers, a skilled technician, and an office to start with.
Handmade Products
The internet and the advent of technology have opened the door for artists to expand their ideas from artists to professionals. Unlike department stores that find their products in many sources, handicraft businesses produce products in-house. Their main focus is to provide a personal touch to consumers that no other business can do.
Whether you make candles, soap, pottery, and even sauces, you are in a position to start a unique business. Here, product development and procurement are in your hands, literally.
Candles are no longer used during power sources they have become a home decoration and are widely used as gifts at various times. Buyers want to buy candles with various perfumes. They enjoy purchasing exceptional and custom products.
You can start with a small quantity or by ordering in advance until you produce a consistent sale.
Conclusion
India is the third-largest centre in the globe. More than 1300 new startups, including 7 unicorns, were added in 2019 to India. The data shows the determination of the Indian people to start their own businesses. In their determination to start something of their own, they look for ideas for a small profitable business that can earn them a good profit. So, with these low investment ideas and a high-profit business, you can also think about your start. What you need is a solid vision. And if done right, you can become the owner of a very successful small business in India.
