Many individuals have the fear to start a business as it has much uncertainty of success. As business becomes successful, then no issue, but if it turns unsuccessful, then it vanishes all the investment and hard work. If the investment is huge then it damages a lot to that individual financially and mentally. Small investment business poses a low risk and the person who is starting a business for the first time gets a lot of experience and also becomes familiar with market culture and demands. The individual becomes an expert to handle customers and their needs, as small business creates direct public contact. When a business grows, they will handle all types of customers and vendors effectively using their experience.
No businessperson becomes a billionaire in a day or month it requires consistent hard work, patience, policies, market research, timed investment, and more. Nowadays, the most successful entrepreneurs like Bill Gates, Elon Musk, and Mark Zuckerberg may hold the possibility of building pyramids out of notes, but none of them started at the top of the ladder. As everyone knows that Facebook was created out of a Harvard dorm room at minimal investment and Microsoft was formed two years after Gates decided to drop out from college.
By observing the business history of India, it has been noted that the market is ripe for the ambitious entrepreneur to dominate it today. If you are planning to start a business without investing a lot, here are some of the businesses that you can start with a small investment for bigger gains.
Mobile Recharge Shop
Even with online recharge options available, in the India, most of the mobile-users prefer visiting a recharge shop to refill their balance. If you are looking to practice this business, you can start by renting space in a small local shop as rent only main expenditure.
A little breakfast and tea stores across your city are almost always filled with customers. This is because food as a commodity will always do well in a competitive market. Generally, food is a business that never makes a loss and it requires very less capital. Once received a permit for it from the respective authorities you can start joint only by small stall only and after profit use that capital for improvement.
Fruit juice kiosk
Everyone loves fruit juice in summery sweltering days. Fruit juice also has many health benefits. This makes this business much profitable as fruit can be purchased from wholesale market at lower costs, and the only investment is for the grinders and filters. Disposable glasses can also be used as the lower investment and lower fatigue.
With people’s changing habits and desire, the travel industry in India has witnessed a boom in the past decade. At home only you can start this business as it simplifies back-end works. This can be started with minimal investment that is nearly 10k.
This is one of the most profitable fields to tap into in this digital age. Professional bloggers require only a minimal start-up cost for a domain and hosting space initially. Then start blogging for future opportunities.
YouTube is providing one of the best platforms to show your talent and creativity. YouTube allows creating the independent channels for their users to upload their videos for free and it even pays some amount for YouTubers whose channels are popular.
In India, spending on a wedding is tremendous so called Indian Fat Wedding. This is creating big opportunities for persons who love to plan weddings. Even multinational corporations like Uber are tapping into this field by providing transport for the wedding. You need to launch a wedding consultancy with maintaining a popular website for it.
Coffee – Tea Shop
In India, nearly every person needs a tea or coffee 1-4 times in a day. This is also a high profile business today because a top Indian company like TATA is also investing a lot in it. You can put both the options of a hot and cold option as in the summer, people mainly demand cold coffee or ice tea. In addition to beverages, you can also place some options like cookies, cakes, and buns.
Home Delivery Services
Today, home delivery has become more attractive for the customers as it saves their time and efforts spend for the purchasing. It also facilitates women to order groceries directly from home while doing their work. In this business, if you have a bike with the container is enough. You have only to take an order online (app based/ mail based/ call based); and deliver the order from the respective shop to that customer. It acts as pool between the retailer and customer.
These are some of the business ideas that can make you profitable and provide sufficient experience of business. By using profit and experience, you can apply your unique ideas to your business that make you special in the market. Once you started your business, it pushes you towards the sky of success step by step.
− Suhel Mashayak
Copyright 2016, Insights Success. All rights reserved.