Who does not want to own a business? No matter if it is commenced as a small scale or done through huge capital investment, it is still considered a business. Even if you do not want to invest ample amount into a business you can still run a profitable small scale business. We will brief you about all the best small business ideas in India for the upcoming year that is 2023.
We understand it could be hard for beginners to find the right business idea for opening any new business. One wrong decision could ruin all your investment and time. It is therefore always suggested, to explore as many options as you can and then depending upon your current financial status, demographics, local demand in the same field, expertise, and experience, choose the viable option that matches all your needs.
The Indian business is constantly seeking growth in all a wide array of areas due to numerous factors which include government stimulus, international trade, and a strong developing and evolving economy. There are tons of business opportunities available in various sectors due to the rapid increase of youths that are rising to technology and leadership driving innovation and growth.
You can easily start a small scale business requiring low investments with the boost in technological advancement, and creativity. It is just that you need to possess some special skills for performing specific tasks. You can even operate some businesses from your home, while some of them may require you to lease or rent out small premises.
Crucial aspects to be considered before the commencement of a small business
2 significant factors should never be ignored when you are about to open your new business:
- Business Funds- This is the most important is to arrange the funds. You can procure a loan to fund your small business idea either from the banks, community organizations, and cooperative credit societies. However, a small business can also be started up with whatever little investment you may have.
- Planning Prior- One has to plan well for success. Failing to plan is planning to fail. Hence, it is very crucial to plan the entire business strategy in advance before the launch. Study the whole market for the product or service you are about to deal in.
Also, make a comprehensive report and get acquainted with all your competitors and their offerings. There is always a scope of improvement, so always seek advice from the people you trust. Never forget to build a complete database on the potential customers for your product or service you are offering.
40 Small business Ideas to start in India in 2023
The business ideas which we are going to talk about below have certain opportunities behind it which you need to match as per your needs, and requirements. Let’s dive in all the business ideas to check the compilation of all these opportunities in India that can be started with very low investment-
1) Content Writer and Blogging
If you have a strong command over your writing style and reading skills, you can very smoothly utilize your skills to get yourself earn a decent income. It has become a profitable business not only in India but across the world. You get paid on every word you write for your clients. The best part of being a content writer is you can start is without investing a single penny as if you are confident in your writing skills, you can start your carrier as a content blogger or a writer.
2) Digital Marketing
There are ample opportunists available in digital marketing. As you can launch your own startup, do a freelance business, promote several products and earn well. Before taking any of the above steps, you need to have a robust command over your digital marketing skills, which you can learn by joining a digital marketing training center or you can do a course online.
3) Mobile Apps
As we all know the demand for mobile phones is rapidly increasing every day and so is for mobile apps. The scope of making mobile apps has a huge potential in India. For a mobile app maker you need to have technical knowledge about all the tools related to its development (tech-savvy), understand the needs of the customer and design the app accordingly. Also, ensure before it is developed whether it is serving the purpose of the potential users or not.
4) Pollution masks
With the rapid increase in pollution in all metropolitan cities especially Delhi, in upcoming years the scope of manufacturing and trading these pollution masks would be like selling hotcakes. The demand for these masks will keep on increasing due to the massive hazardous air pollution effects.
5) Network Marketing
For establishing yourself into the network marketing with less investment, you need to tie up with putative brands that offer proficient products. In order to search for the brands, you can check it on Google whose products are always in demand.
Mostly, these days people have become very conscious of nutrition, health, and supplements, beauty, and skincare products for which you can boost your marketing and networking with the distributors already dealing in this field. You can grow and expand your business by promoting your products to your relatives, friend circle, and doing online business by building a website.
One of the best aspects of this business is that you can start this by building your own e-commerce website without even investing a considerable amount and without stocking any product. As you do not need to purchase any product until you get any order from the customer. You have an opportunity to earn a profit as high as up to 3 times the price of the seller.
There is a straightforward process that you need to follow in order to start your Dropshipping business:
- The first thing that you need to do is that find a supplier such as Amazon, Flipkart, Snapdeal, etc and tie up with them
- Build up your e-commerce website and prepare a list from what you want to sell from these suppliers
- Promote your website on social media networking sites such as Facebook or Twitter, or other online marketing channels
- Once you receive orders from the customers, place the order with suppliers and ask them to deliver the products to the address of the customer.
7) Fashion Designing
It is not a difficult industry in which you can make a career if you have a keen interest in fashion and clothing. Moreover, you will have an upper hand if you are residing in urban or semi-urban cities as you have an opportunity to be cognizant of what is in the trend. This way, you can be the trendsetter and rule this industry without investing too much.
8) loT Home/ Builder Consultant
Many latest government policies have been launched to support this opportunity for creating a startup that services in this area. If you want to commence this business, you need to existing homeowners and developers to transform their living space into what they actually want as per their liking. This way you can turn their regular home into a smart home.
This idea involves a very low investment to start as the parts for loT installations are reasonable and the best part is that you will find the clients who will pay you the upfront cost for the services they get.
9) TV Advertisement company
As you, all know TV ads have become a great platform for all the companies in order to promote or launch their products in the market. It is the best way to market your product or service. Due to the rapid increase in Advertisements, creating and managing TV Ad companies is a business idea that can be considered.
To begin with this business plan, you can approach your competitors who don’t have TV ads and convince them that they can be your client, or you can approach a company who is already running Television Ads. The initial investment would include studio space, cameras, green screens, and lighting effects.
10) Customized Gifts
You can start this business even at home. Nowadays, everyone wants to give their loved ones a memorable gift on special days or occasions. Starting the business of customized gifts can be much profitable and it even does not require much investment. You just need to buy certain gift items and accessories used for customization.
You can start your career and there is a wide scope in India for fashion bloggers, food bloggers, travel bloggers, music bloggers, and many related fields. If you have abundant knowledge about a certain subject like traveling and you have traveled a lot, you can share your experiences and write blogs related to it. Once you have posted the blog, all that is left is the battle of likes and shares. More your blog will be read, the more money you will make.
12) Social Media Consultant
As mass media has become a crucial aspect of marketing. Be it any business, company/organization, and authority figures, they all are pretty much concerned about their goodwill and reputation which opens up a wide scope for social media consultants.
Their goodwill and reputation can pre-dominantly be impacted (positively and negatively) by social media platforms which are handled by consultants. This way they earn a lucrative income by charging a hefty amount from the renowned companies.
13) Aquariums and Fish
This is a very low investment project in which you can start at your home as well. You just need to buy a few aquariums of various sizes and distinctive varieties of fishes. For breeding of fishes, you can keep special tanks. This way you just need to buy fishes one time, and thereafter you can multiply them by breeding.
On top of that, you can also sell fish foods, air pumps, and decorative stuff for the aquarium which will boost your profits. The only thing is you should have the knowledge and be well versed in handling different types of fishes.
14) Coins and Stamps
There is an array of non-existent Stamps and Coins. However, there are already many stamps and coins collectors around the world but not in India. There is a wide scope of this lucrative business.
In order to initiate this low investment high return stamp business, you need to register yourself with postal departments of various countries. As you need to buy the latest stamps, you have to pay some advance money to purchase those stamps. For starting up coins business, you need to take permission from a special government that runs bureaus internationally. Once you are registered with them, these departments will send you the coins and stamps which can be sold at a very good premium depending upon the buyer/client.
15) Pet Care and Pet Food
This business is becoming popular in India as everyone who is having pets, love them. Pets become like a family member for the ones who are their caretakers. When the people handling pets go on a vacation or a business tour, they are unable to take their pets along. Then they look for services that can take proper care of their pets while they are elsewhere. If you well versed and know how to handle pets, this business is an apt choice for you with low investment.
You can keep pet food as well. The people who will leave their pets may also buy their pet’s food from you which will increase your profit margin.
16) Beauty Salon
It is one of the most trending retail business ideas that many people are considering to earn a spectacular income. It enhances the client’s physical appearance and provides mental relaxation due to which everyone comes to the beauty salon. The profit margin is relatively good as compared to many other businesses if you get a good clientele.
However, there are certain aspects that you should be taken care of before initiating this business such as the location, efficient and skilled manpower, and the right promotion or marketing strategy to increase your clients and the overall sales. You can take a place on rent and start this business on a small scale with not such a huge investment.
17) 3D Printing
3D printing is even replacing prototype printing technology as it has gained much popularity in India. If you are thinking and you have considerable knowledge in the digital printing industry, 3D printing is can be a kickstart for your career. You need to invest in buying 3D printing machines, which does not involve a high investment if you go for a small machine purchase.
18) Renewable Energy
Apart from making considerable money for you, this business is also good for the environment. The government is also promoting and giving subsidies to the companies that are converting themselves into alternative energy business ventures. If you are an environment lover, this business is a perfect fit for you.
With the increase in the global warming effect, many individuals are willing to try their hands in this field. They are using their empty or unused land and even their rooftops for installing solar panels which are helping the environment and also provide them an opportunity to make money.
19) Cyber Security
If you are tech-savvy with profound knowledge of hacking, programming, software, and hardware, you can start up your own cybersecurity company or provide these security services to well-reputed companies. The top-notch companies will pay a huge amount to keep their system secure and to avoid any unauthorized access to their database. Many cybersecurity companies are being launched in India and all the big corporate companies are buying their highly paid packages to ensure their data remains safe.
If you are well versed with the camera functioning and very good with clicking pictures, you can think of this option as to become a photographer you need to buy a professional camera. And you are all set!
These days everyone hires a professional photographer for their weddings, birthdays, events, festivals, etc. There is a huge scope of this profession at present and an optimistic business idea for the future.
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You can try your hand in the stock market if you are good at speculations and plentiful economic understanding. However, it is not like other businesses as it involves more risk but it can be a quick way to earn money. If you are willing enough to take the risk and you are well informed about the working of the share market, then you can go ahead and try your luck.
22) Courier Services
In order to open a courier service company on a small scale, you can tie up with other brands who are already working as a courier service provider. The need for courier service has emerged in India due to the numerous shopping online apps being launched each day. It is a low investment business if you tie up with other brands and keep your specific share as a partner.
23) Chocolate Making
It can be a really good home-based business venture from which you can earn a lot. Candy making or chocolate business is very popular in India and many people make several types of chocolates and sell it under their own brand name.
If people can’t stop drooling when they see your homemade candies, you should get into this business. You just need to target a local market that has potential customers to buy chocolates. The other thing is to contact a dedicated team or person to deliver your chocolates.
24) Wifi Installation Company
With the evolvement of time, the need for wifi internet solutions is increasing day by day. Customers demand internet everywhere, be it their home, office, shop or even a small retail counter. Consequently, the demand for wifi installation has augmented.
You need to invest some portion of your amount in buying supplies to install wifi routers. Once you buy the routers and maintain your stock, you could begin by approaching places where there is a huge footfall such as malls, departmental stores, hygiene stores, etc. You need to talk to their owners and set up a deal to install the wifi hotspots.
25) Web Designer
Nowadays, almost all businesses have their own websites. This is has led to increasing demand for a web designer as every business is keen to create a website for their products or services they are dealing with.
The startup does not require a high investment as you would just need a computer and learn some web designing skills from a training center or an institute. You can also learn web designing online to execute. Once you know how to design websites, you can approach local new or existing businesses to check whether they are looking for building up a website or modifying an existing one.
It is also one of the lucrative businesses in India for the people who are competent in making cakes, pastries, cookies, muffins, bread, and all the other bakery items.
You can open up a bakery at an appropriate location in a market where there is huge customer traffic. Moreover, it has a wide scope of growth and expansion that too without investing a big amount. You just need to be armed with an excellent oven and require great skills in the preparation of these baked delicacies.
27) Fitness Centres
People are becoming significantly health conscious. With this increasing fitness awareness, the demand for fitness centers or gyms has seen a major hike. It has even become a part of numerous people’s lifestyles. You can buy a few low-cost equipments at the initial stage. You can buy equipment henceforth when you evaluate your profits and analyze the customer’s responsibility.
28)Extracurricular Activities Centre
Due to provided platforms of many reality shows in the Television and film industry, there has been observed a significant rise in the scope of dancing, acting, singing, etc. It has become one of the promising careers.
Launching an Extracurricular academy to train students in such fields is a lucrative opportunity in India to catch hold of. Not only in metropolitans and big cities, but even these activities are seen widespread in rural areas and people are will to spend on learning such services.
29) Restaurant and Cafe
The schedule of people is very hectic usually is busy cities. All they want is to have peace of mind along while having delicious food. Many individuals do not even get any time to preparing food for themselves. This has resulted in a constant increase in the demand of all the food chains and outlets. It’s a sure-shot business idea to start with low investment. The only thing you need to ensure is to have skilled staff primarily chefs.
If you are creative enough to use this platform for your business, you can start manufacturing your own handicrafts. Making handicrafts is a superlative low investment business that you either do trading of. If you do not want to involve yourself in the making process, you can buy and sell them at places where it is non-existent.
Glitzy showrooms charge an exorbitant price for these handicrafts which are used for home and office decor. These showrooms purchase it from the local manufacturers and sell it to the customers at an extraordinary price. You can tie up with these showrooms or can target local market shops, and sell the customers these handicrafts directly at a reasonable price as compared to the one customers get in showrooms.
31) Packing services
Usually small and medium-sized businesses do not have a dedicated department that deals with packing their product. They often hire individuals or outside companies who do it for them. In the case of an individual, they can often be unreliable.
So, if you open up a packing service company whose primary role is to deal with providing packaging services, you can be spotted easily and the need for this business is augmenting.
You can also tie-up with some businesses that deal with selling their products online. You just require appropriate fine quality packing material such as strapping machines, cartons, cutters, and experienced manpower. This is one of the low investment high return businesses.
Every parent wants to provide the best education to their children while they are going to school. The need for a qualified and dedicated tutor for every child has become a requisite. It has led to an increase in demand for tutors. If you want you can also opt for an option of online tutoring, as many students these days are excelling in their education by availing online tutoring facilities.
If you are educated and have profound knowledge of teaching, you can start off with this business with having no capital investment.
33) Catering business
Be it any wedding, event, or any formal get together, caterers are in high demand these days. If you have excellent interpersonal skills and you can work under pressure along with managing your staff, a catering business can fetch you a decent amount of money.
However, you need to be experienced as there are many big shots already in this field. For becoming a renowned caterer, you need to be an all-rounder, that is being good in staff management, aware of different serving recipes, different cuisines, and all the trendy culinary that is being liked by people according to the gathering.
34) Make Religious Items
India is a devout country. People have faith in religious items such as pictures of deities, idols, incense sticks, holy candles, prayer beads, cotton wicks for lamps, and other paraphernalia. You can start making these items even at your home without investing much in this business. The best part is there is no lack of customers in this area as people are willing to spend on religious stuff without concerning much about the price of the product.
35) CCTV and Surveillance
Every new homeowner is demanding a security camera’s connections these days. Not only them, but even the existing or old homeowners are also becoming security-conscious and are ready to spend an additional cost on CCTV or Security cameras for ensuring safety. This has boosted the demand for CCTV and surveillance cameras that are getting installed at homes as well as commercial offices. You need not do a high-cost investment to start this business. Commencing this business has an extensive scope at present and in the future.
36) Delivery Services
Ample shipping companies are facing issues while delivering their products to some backward and rural places. You can sort this issue out for those shipping companies and avail the benefit of making greater profits by becoming a last-mile delivery service provider. You need to set up a warehouse (on rent) on the edge of the city where you want your distribution channel to be powerful.
With better connectivity options, you can handle the final miles of the trip. You ought to predominantly focus on the places where regular shipping companies are not willing to go. You can charge extra for your delivery service at these places and make profits.
37) Mobile Wallet Payment
Till the time online payment solution apps were not launched, people were more comfortable using cash than other payment options. But since the inauguration of these mobile payment solutions become a part of the Play Store and App Store, many people have shifted using mobile wallets instead of cash. There are many reasons why people have inclined towards its usage which are listed below-
- No need to manage cash in your pockets
- One-click hassle-free payments sitting at your place
- More secure and safe as you have a record/proof that you have made the payment
An enormous portion of the population is using smartphones which help them to do research, communicate, and use it as a source of entrainment. In order to set up this business idea, you need to have complete knowledge of how programmers and coders work while processing these types of payment solutions. You can also tie-up with professional programmers and coders for making the startup costs lower and bringing down the capital investment.
38) Travel Services
Time has changed as people have started traveling often for personal and business purposes. You can make huge profits by dealing with traveling services such as booking flights, trains, bus, accommodation, entire tour and travel packages, cruise packages, many more. You need to have a tie-up with hotel chains at various destinations, long-distance bus services, railways, and flight companies.
You also have an option to collaborate with major travel agents and service providers if you want to play safe and are not willing to take any kind of risk. In this way, you can get commissions for every reservation you make.
39) Ice Cubes
Although it is not a very easy business that you might think. It requires to be asserted with specifications prescribed by FSSAI (Food Safety And Standard Authority Of India). If you have, clean water and appropriate packaging provisions, proper equipment, you can enter this big industry starting with a minimal investment. The pre-requisite before commencing this business is to get your product listed under FSSAI certification.
40) Fragrant and Regular Candles
The use of candles is not limited to illuminate houses during power cuts or religious centers, they are also used for interior decoration in restaurants, showrooms, offices, homes, weddings, and other events.
Making a candle is not difficult. With some training and experience, and with the use of fragrant oils you can make fragrant candles of various sizes, shapes, and colors. Fragrant candles are also extensively used for meditation and relaxation purposes in religious and spiritual retreats.
There are several other low investment business opportunities that you might consider to start a business in India. Even plentiful investment in a small business might not be enough if your strengths and skill set do not match your criteria. After analyzing and evaluating these aspects, choose a business to run.
It is advisable to know all the legalities and licensing procedures before jumping into the pool. Always remember, a very little experience may also help.
Now that you have all the above mentioned small but high return business ideas, are you still waiting for something?
Best wishes for your new startup!