5 Most Successful Small Business Ideas for Beginners in India
Starting your own business will provide you with many perks including independence. This is a sector where you won’t have work under somebody or follow orders. The startup wave in India began in 2014 and has contributed immensely to the economic growth of the country. Even the government is encouraging people to initiate their own business and become self-dependent.
If you have been thinking of starting a business, then don’t allow any second thoughts to make you confused. However, entering the business sector with a huge investment could be risky and dangerous. So, how about you start with a small amount?
Yes, it’s possible! In fact, there are several startup ideas that you can with an investment in the range of INR 20,000 to INR 50,000. You can even start off with just INR 5,000! You will find several such interesting small business ideas at finance blogs like niveshmarket.com, paisabazaar.com, etc.
However, to give you a gist about the same, we have curated a list of the top 5 business ideas in India that you can start with a small investment. So, let’s dive straight into the list:
Minimum Investment: INR 10k (approx.)
Approximate Earnings: INR 20k to several lakhs per month
Education is something that is highly sought after in India. Everybody wants their child to receive the best learning possible. Hence, the rising demand for tutors and coaching classes. So, if you have the required educational qualifications, then you can start a coaching center.
You will much likely garner the students in and around your locality and many more once the word gets around. Moreover, you can also provide online classes on platforms like Udacity or launch your own online course. You can even teach a skill online, such as Coding, Graphic Designing, and so on.
Fitness Trainee / Yoga Instructor
Minimum Investment: 0 to INR 50,000
Approximate Earnings: INR 50,000 to INR 1.5 lakh per month
Fitness instructors are currently in high demand in India. Most people want to achieve fitness to look good or stay healthy. Many need to stay in shape due to mandatory health requirements. So, you could start your own fitness center to provide fitness training services to clients.
Another point to note is that yoga is a highly sought after practice, not only in India but all over the world. Yoga is a proven way to bust stress and provide several other health and lifestyle benefits. Hence, the popularity! You could teach Yoga online as well and connect with students all across the globe.
Minimum Investment: INR 15,000
Approximate Earnings: INR 10,000 to INR 1 lakh per month
Nobody can survive without food and that is why this is an excellent business idea with a small investment. If you go by the busy streets of a metropolitan city, then you will find several food stalls lined up one after the other.
A lot of people eat out and so, the food vendors will never fall short of customers. Office goers and students will be your regular customers in addition to several other occasional ones. Many opt for home-delivered food as well. Hence, starting a small café or a food joint is a profitable idea to consider.
Minimum Investment: INR 10k to INR 20k
Approximate Earnings: Variable
This is a highly profitable idea right now due to the increased demand for healthcare products. The coronavirus pandemic has surely closed several doors but also opened many new ones. Currently, the market is facing a rise in the demand for hand sanitizers, masks, and other disinfectants. Moreover, this trend is to stay as the general public has grown aware of hygiene. So, starting a small business of healthcare products or even becoming a reseller of those would earn you huge profits.
Wedding Planning / Consultancy
Minimum Investment: INR 0 to INR 20k
Approximate Earnings: Several lakhs per month
As per thehindubusinessline.com, the wedding industry in India is projected to grow at a rate of 25% to 30%. So, starting a wedding planning startup or even a wedding consultancy is one of the best business ideas in India.
Indians spend a lot of money on weddings and not everybody has the time to plan such a detailed and massive event. If you have a creative mind and multitasking ability, then you can give it a shot. Not much is needed for this. An office space, 1 or 2 people who will work as staff, and contacts will do.
Commencing a business is a productive thought that you should not push aside. There are several small startup business ideas you could think of in a developing country like India. So, keep exploring until you find the perfect business idea that suits your taste.