10 Unique Business Ideas In India
Monday, July 11th, 2022
Monday, July 11th, 2022
In today’s day and age, people are keen to own a business and work day in and day out for themselves rather than fitting into someone else’s structure. But the thought of having to invest enormous amounts pulls them back. Why? Because what if it doesn’t work out and all the investment goes in vain? We get it. Yes, it is a fact that starting your own little or not-so-little venture takes a lot of courage but it rewards you 100x times for taking that plunge.
So, here we are about to introduce you to the 10 best business ideas in India that are currently booming and can make you a successful entrepreneur.
1. Dropshipping
Drop shipping business is a super new business idea for beginners who have no entrepreneurship background. This model allows you to be an entrepreneur with a low investment. But what exactly is this all about? You may ask. Here’s how it works- suppose you open an e-commerce store where different products are listed. When a buyer places an order for a particular product, you can simply inform the seller in your network and ask him to ship it on your behalf. Here, because the order was placed through your online store, you get to keep a part of the income earned. This model saves money that might have gone into storing the inventory and at the same time lets you focus on the marketing of your online store and enhancing the customer experience. Go and drop your drop shipping small business and become your own boss.
2. Blogging/ Vlogging
This small business idea with low investment is driving millions to start their own Instagram or YouTube channel. What is that one thing you enjoy talking about or doing frequently? Do you love being in front of the camera? Would you like it if people know you because of your work and get inspired by you? All of us have something or the other that we are naturally good at. What’s better than turning our passion into a full-fledged business? All you need is your smartphone and a social media account to be a blogger or a vlogger. Oh, and the courage to churn out content regularly no matter if there are 100 views or 1000. If done in the right way, no one can stop you from becoming a successful entrepreneur. You get paid to collaborate with brands and market their products on your social media account. Does this excite you? If yes, well then go for it!
3. Consultation
With almost everyone going digital, you should too! We’ve brought you a small business idea with high profit that would help you encash your knowledge in no time. Is there a subject like finance or nutrition or psychology or any other area in which you’ve got a degree or have adequate knowledge to help people with the same? This requires absolutely no investment and at the same time allows you to charge a decent one-time fee for a single consultation you provide. You can take up one on one consultations offline but as that would require proper space and investments it is better to help people online and reach a wider audience. You just need to make your presence on social media and portray your knowledge through your posts. With time, as people come to know about you, they’ll ask you for help in your niche. This is how your skills will help you drive money by providing people value and helping them solve their problems in exchange for a fee.
4. Social Media Agency
Today, when people spend a huge part of their day online and choose to shop online as well, business owners are trying to make a decent online presence via paid marketing campaigns across various social media channels like Instagram, Facebook, and YouTube. The excessive demand for social media skills makes the social media agency a good small business idea with a high profit. Carefully crafting your skills around running paid advertisements, product marketing, and managing social media handles, is a very wise step to take. Offering the brands to run their paid ads would not only allow them to focus on more strategy-based areas but also make you a good sum of money as this skill is very high paying because it is not everyone’s cup of tea. All you need to do is invest in a good social media marketing course and brush up your skill and you’re all set to take clients and make money. You may take up clients via LinkedIn or Facebook. Go rock the social media world.
5. Homebaking
Becoming a home baker is something that you can start immediately and is a gainful business idea with low investment. Do you enjoy having cakes? Everyone does, making home baking one of the most lucrative business ideas. If you have the knack for baking cakes and other bakery items then taking orders for the same can make your dream of becoming an entrepreneur turn into a reality. All home bakers can take orders online as well by creating a robust online presence, which needs absolutely no investment. All year round, there are thousands of occasions for which people love a yummy and pretty cake. You might be wondering about how to cover the cost of ingredients? Well, having a baking business would need you to buy the ingredients in bulk making it cheaper for you. You may also include the cost to the price you charge for the cakes so that you earn profit with every order. Pat a cake and get started!
6. Service-Based Business
Offering your services requires no stock of inventory or a warehouse to store it. The only investment that makes or breaks the deal for you is the time you invest in learning the skill that you plan to offer. If you study the market carefully and pick the service that you think you can offer and is at the same time in demand, then and there you’re a step ahead to become a small business owner. It can be absolutely anything like photography, calligraphy, writing, or graphic designing. This kind of business not only allows you to be your boss but also lets you earn a living by doing what you’re good at or is your passion. You can kickstart this business simply by spreading the word about your offerings. To reach a global audience, you may start an Instagram blog or make a LinkedIn account where you can show your expertise in the area and how it can solve the problems of many. Making a great online presence might take some time but the rewards that it brings home are truly unimaginable.
7. Launch Your Course
As people are increasingly trying to learn about the topics that interest them or skills that are necessary for their dream job, online courses have witnessed rapid growth in the past 2 years. Launching an online course can really be one of the best small business ideas in India. Sharing what you know is the most peaceful feeling in the world. Why? Because by doing that, you’re solving someone’s problem and empowering them to achieve what they are aiming for. Do you know something about absolutely any topic that might help people at large in any way? Well, then this is it. Go ahead and curate a course on the topic you possess expertise in. You just need to invest in gaining more knowledge about the subject and you’re good to go. Selling your course requires you to register your course on an online course selling platform for a better reach. You may go ahead and sell your courses through your social media handle as well. For that you need to set up an online course, look after its sales funnel, run paid ads, or market it organically all by yourself. That is applicable if you don’t think it’s wise to hire a professional to handle all the technicalities of launching and running an online course successfully, from the beginning.
8. Professional Artisan
Almost every product is available online and there are millions of sellers for all kinds of products. Even then you can penetrate this market. How? Just by giving your personal touch to the product you sell. No matter if it’s pottery that you enjoy making or it’s scented candles that excite you, you can turn your art into a solid business. Your USP is your idea and its uniqueness. Nowadays people love gifting customized products to their family and friends and so selling products that are carefully crafted by you can make your business a profitable one. You just need to make sure that your products come in front of countless eyes for them to be aware of you and your little venture. And to reach a wider audience, there’s nothing better than selling them on social media. If you put out pretty pictures of your handcrafts and alluring videos of their beauty and usability then you can not only reach heights with your business but also have an established presence online driving millions of people to place their orders. It would be great if you keep a small batch of your products ready to ship to avoid any delays when you start receiving orders. You can also spread the word about your business by letting your family and friends know about your venture. That would help you receive some feedback as proof for your potential customers online.
9. Fitness Trainer
The awareness of the need and benefits of eating right and working out regularly has made the fitness industry profitable. As people know that eating healthy alone will do no good to them and then a diet is difficult to follow for some if they’ve made it themselves. Additionally, the lack of knowledge can harm their health too. So, if fitness is what you’re highly interested in, and have decent knowledge and certifications for becoming a fitness trainer then you’re in a win-win situation. Because if you’ve worked on your fitness and have been working out for quite a long time now then that can help you earn money and be an entrepreneur. How? Just by training people, helping them with their diet plans, and teaching them the right amount and way to exercise to stay fit. You might personally coach people online or help them with their workouts at various gyms in exchange for money. Being fit and helping people achieve their fitness goals should be your mantra!
10. Private Tutor
Do you remember yourself excelling at a particular subject back in school or college? If yes, then you should definitely try your hands on private tutoring students online and leverage your knowledge and expertise about a subject to become a small business owner. And the best part about online tutoring is that it requires 0 investment. No matter if you’re teaching them offline or online, as far as you are connected with your students and are able to empower them with knowledge, you are a successful tutor already. You can start by teaching students just one subject you’re good at and eventually hire people who possess knowledge about other subjects making your small business a full-fledged company. In case you choose to teach online, you can do that via google meet or zoom. To reach a wider student audience you can always start building your online presence and help millions. Just be transparent about what you know and what you don’t, because teaching something you’re not great at would not only fill you with guilt but also help no one.
Wrapping Up
With more people jumping on the bandwagon with fellow small business owners, India has seen a huge rise in the number of start-ups in the FY 2021-22. India is already home to more than 61,000 startups with more than 14,000 recognized during the fiscal year 2022. There’s nothing that you cannot achieve if you dream of and work for it. Starting a whole new business is definitely tough and needs infinite courage. Also, it doesn’t come bearing fruits from the start but if you walk on the right path then you’ll be astonished as it unfolds its rewards. Put your heart into the right thing and the result shall come to you. All the best!
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