According to several factors such as government stimulus, international trade, and an overall developing country, the perspective of business in India is prepared to grow in many areas. There are many people in India, who wants to earn lots of money by starting own business. They are always in search of business ideas. In this article, I will demonstrate to you the best business ideas for good profits in India.
- Setup Cheap Solar Energy for Home
- Last-Mile Delivery Solution Company
- Stores for Organic Product
- Provide Services for Market Research
- Produce Religious Items
- Mobile Phone Repair and Accessories
- Affiliate Marketing
- Organizer for Events
- Mobile Car Washing
- Shoe-Wash Business
- Retail Business
- Consultancy Services
- Interior decoration store
1. Setup Cheap Solar Energy for Home
People in India have a good opportunity to generate their own power and save money. In this idea, you only buy and setup equipment of solar for people to install on their roofs.
You could run this idea by finding 8 people interested in this service that will pay you before the work is done, so now you have enough money to buy equipment like a solar panel.
2. Last-Mile Delivery Solution Company
As you know, Last mile delivery is the movement of some goods from a transportation hub to the final destination.
Because the infrastructure of the road is not developed enough, many shipping companies have a problem with providing delivery services to some rural areas. by setting up a warehouse on the edge of the city limits, you can provide the last mile delivery.
If you want to handle this idea just by shipping trucks to deliver the shipments for the last couple miles and plan to run this idea in places where regular shipping companies are not willing to do.
The investment of this idea is the warehouse at the outside city limits and vehicles for the last-mile delivery service.
3. Stores for Organic Product
As you know, organic production is getting more favorite recently. When many people have concerns about their health, the demand for naturally, freshly grown and healthier farm products has been increasing. Demand is growing at a steady pace. Organic dairy farm, organic livestock farm services has a lot more potential to improve and it’s a profitable business in India.
- Pune Brothers Quit High-Paying Jobs for Organic Farming, Make Rs 30 Lakh Turnover per Month!
- 10 startups that make it easy to live the organic way
4. Provide Services for Market Research
In India, this service is a complex yet profitable business. in this idea, you must analyze the behavior of the customer, their likes, their needs and preferences, cost sensitivity and so on. When you collect enough data, you need to study those patterns and provide credible information to other companies which are customer-driven and this data allows them to improve on their marketing tactics according to the demand of the customer.
5. Produce Religious Items
Keep in mind that India has a big market for religious items required by followers of various faiths. For example, incense sticks, pictures of deities, lamps cotton wicks, prayer beads, candles, and other minor belonging.
You can start making these items at home with low investment.
6. Mobile Phone Repair and Accessories
Around 2022, India will have more 800 million users of the smartphone. This number will grow exponentially as lots of brands and cheaper variants enter the market.
Therefore, the demand for persons who offer repairs of mobile phones increased. Also, you can sell smartphone accessories.
Growth of India Internet user is enormous. Based on some statistics, In the year 2018, around 10 Million new active internet users added every month from India. About 225 million of these users are active on YouTube. Lots of India’s internet users are watching video platforms such as YouTube, Vigo Video, TikTok Facebook etc. If you have a certain skill like cooking, Makeup, painting, Fashion, technology, you can start doing tutorials. As you know Vlogging is very popular on YouTube so if you think you are good at humor, you can start a humor channel. you can show your city, your home just by using a camera. Users on the internet are now seeking to stay connected more than anything else.
8. Affiliate Marketing
This is like selling some other products and get money for your advertisement. Affiliate Marketing is growing in India day by day and it is one of the good sources of earning money from home without any big investment. Affiliate marketing may include Content Marketing or Digital Marketing to promote your advertiser’s stuff and earn a percentage of commissions in return. You can promote your advertiser’s products by different methods like blogging, social media posts, paid online advertisements, etc.
9. Event Planner
With a very low investment, you can set up your own event organizing business. As you know There are several social events like birthday celebration, Wedding or marriage anniversary occur throughout the year. You can help your customer for selection of flower arrangement, venues or food arrangement, overall smooth conduct of the events and earn money from your service.
- How this 27-year-old brought Justin Bieber to India
- She started a wedding consultancy with Rs 2 lakh, now has turnover of Rs 10 cr
10. Mobile Car Washing
It is one of the unique small business ideas and most profitable which you can start with low investment. You need just buy your own Car Washing machine and start the business from your home. This business has a great potentiality to grow in the future.
- This startup can wash your car in under three liters of water
- Meet The Man Changing How Cars Are Being Washed In India
Mumbai in India is famous for scriptwriters, who work on a project-basis from anywhere and at any time. The investment in this project is just the time allotted to each project. these individuals since they can work in the confines of their home and are negating rental space expenses do not need to spend on any initial costs to set up their brand.
12. Shoe-Wash Business
In Past, People cleaned their canvas shoes by using old toothbrushes and detergent. Recently, people have started using trendy sneakers. If you have enough skill and knowledge to use chemicals this business idea can give you a good profit of nearly 40% with a low investment for a small scale business. keep in mind India has about 1.25 billion people and each one has one pair of shoe on an average therefore, this idea can prove to be the most profitable business for you.
13. Retail Business
If you are looking at starting a small business, this idea is good for you. In this business, you need to buy products from wholesalers and next selling them either by word of mouth or online just with a small investment. There are some products that are specific to particular regions of the country. For instance, in Gujarat, you can buy bandini cloth easily, but not available elsewhere.
14. Consultancy Services
You can find many consultants who are experts on their subject. For instance, a business owner can guide by finance consultants’ advice on matters of accounting and taxes.
15. Interior decoration store
As you know many billionaires live in India and rich people not only have fun using luxury goods but they like to express their level by spending heavily on expensive villas, full facilities.
The most high-value product in an interior is furniture. The design, style and quality of the interior elements can produce the value of a product so a decoration storekeeper must focus on these factors.
16. Jewelry Business
People in India are extremely attached to gems and both fashion gems and pearl or junk jewelry is in high demand in India. Therefore, you can start a jewelry making business with a low capital venture.
In this article, I have compiled a list of the best business ideas in India that you can start tomorrow, if you live in India or have a business with Indian companies, please tell us in comments about some business ideas that I didn’t suggest in my list.