10 Business Ideas Under 5 Lakhs – Daily Earn Money $400. If you are looking for business ideas in India, here are 10 business ideas under 5 lakhs.
10 Business Ideas Under 5 Lakhs: Starting a business isn’t something to be taken lightly, especially in this day and age. With so many new businesses coming up, competition is tough and you need to work hard if you want your company to succeed.
10 Business Ideas Under 5 Lakhs
But starting off on the right foot can be tricky, especially if you don’t have enough money to work with (or not enough capital). If you’re looking for some great business ideas that won’t cost more than 5 lakhs, check out these great ideas from XYZ Inc!
1) Organic Farming
Organic farming does not use any chemical-based pesticides or synthetic fertilizers, nor does it rely on genetically modified seeds. A careful balance of biological control agents and green manure is used to maintain soil fertility. In general, organic crops are grown without synthetic pesticides and most conventional herbicides, although there are some exceptions.
Pest control includes cultivation-based practices such as crop rotation and selective breeding; for example, leaving some fields fallow to act as a natural habitat for insects that help destroy pest eggs and larvae. Other methods include hand weeding, traps, or mechanical removal. Biological pest control can be achieved by cultivating certain types of predator insects (such as ladybugs) and releasing them into infested areas.
2) Bamboo Products
Bamboo is one of nature’s most eco-friendly products. Growing at a faster rate than other trees, bamboo makes for the perfect raw material for furniture and paper products. Additionally, you can use bamboo to make everyday items such as toothbrushes and even clothes! These items are ideal if you want to show off your creativity by adding your own personal touch to them or creating a niche business around them. You can sell these items online on platforms like eBay or Flipkart.
Once set up, they don’t require heavy investment and will also help earn you some pocket money over time as well. If you have good carpentry skills, then making bamboo furniture would be an excellent idea. All you need is some basic knowledge about how to work with wood and you’re all set! This can be done from home and turned into a lucrative side hustle idea that earns lakhs every month.
Even better, there aren’t many competitors in this space so it won’t be difficult to stand out from the crowd. However, keep in mind that while starting any kind of new venture will take time and effort, there’s no guarantee that it’ll succeed – but hey, at least give it a shot right?
3) Solar Water Pumps
If you’re able to invest around Rs 4 lakh, you can set up a solar water pump and sell it to villagers. These pumps are ideal for villages where there is no power connection or people prefer having their own sources of clean water. Since solar panels are mounted on top of a tower, people don’t need to buy electricity from any other source. The pump can be used during emergencies like floods and droughts as well.
You can either be a one-time installer or install these systems in villages as part of your livelihood plan so that locals pay you an annual fee to keep using them. You can also hire a team of engineers who will help maintain and repair these pumps. To know more about how to start a business with solar water pumps, click here.
4) Garment Factories
Hiring a garment factory can be complicated. Factories often look for your specific order numbers, down to even a specific shade of fabric, and might not show up without them. However, if you’re looking to expand your business by selling in person—and sometimes you have no choice since malls and boutiques are looking for local vendors—then factories are how you go about it.
They usually run from $250-$1,000/ month, with more complex orders costing more than simpler ones. If you’re serious about selling through factory shows, don’t just find one that looks good at first glance; interview multiple places until you find one that will work best for your product and time constraints. It could save you money in the long run.
5) Flour Mills
Flour mills use grain to make flour and other products. Flour is used to create everything from baked goods like bread, muffins, and cookies to pasta, tortillas, pancakes, waffles, crepes, dumplings, and dinner rolls. A flour mill can be an integral part of a milling business or it can function as a standalone establishment.
Flour mills produce numerous types of flour that can be purchased wholesale for large bakeries or sold directly to consumers at retail stores. The market for flour is quite stable—people tend to eat lots of baked goods whether times are good or bad—and it has high-profit margins so entrepreneurs interested in capitalizing on a new opportunity could do well with a business like this one.
6) Book Printing
A small business that you can start from home. Pre-school/Daycare centers are a great idea for stay-at-home moms and dads. Not only will it keep them busy, but also give them some extra income for their family. A large part of your expenses may be on staff though, but make sure to do your research thoroughly before getting started on one of these.
One of the biggest challenges that you’ll face is in dealing with parents over drop-off times, pick-up times, vacations, and other issues related to children. Go into it well prepared because you’ll need patience if you want to succeed.
7) Pre-school/Daycare Centers
Whether you’re running a small-scale operation in your home or a bigger one that serves multiple kids, pre-schools and daycare centers are always in demand. Look into opening one near where you live; it could be an ideal way to earn money while staying close to home.
Keep in mind that operating such a business requires experience with young children and knowledge of local child laws. (Find out more about starting up a small business here.) You can also partner with a larger company that provides these services if you have additional skills and expertise. You can learn more about how to start a preschool center here.
8) Beauty Parlors
The Indian beauty and wellness industry is estimated to be worth about $4 billion, a healthy increase from its previous valuation of $3.1 billion in 2012. While most spas are located around larger cities, anyone with basic training can open their own at-home beauty parlor. For example, you could open your parlor out of your home or rent an apartment for a few hours per day. You’ll also need to register yourself as a small business with your city or town.
Aside from these basics, you’ll also need to have some equipment and advertising costs. However, if you find clients who will pay on a monthly basis—and remember that all they have to do is make one call—you might not even have to invest any money upfront.
As long as there are people looking for services like yours in your area, then it should be easy enough to find clients who will make regular payments each month. Remember that it may take time before you get enough steady customers so don’t quit your day job right away! Once you’re ready though, we’ve got more information on how to start a beauty parlor here.
9) CNG Stations
The price of CNG for auto has drastically dropped over the past few years, thanks to an increase in supply. Not only does it provide a cheaper mode of transport, but it also cuts down on carbon emissions by up to 80%. With an investment of just under Rs 2 lakh, you can apply for a license to operate your own CNG station.
Besides filling up tanks yourself, there’s no work required; you’ll need to pay drivers to go out and collect fuel from bulk suppliers and deliver them back to your station (approximately Rs 1000-1500 per delivery). You could charge users as little as Rs 10 per kg of gas if you find willing customers. For more information, check out our guide on how to start a CNG station.
10) Indoor Sports Facilities
Sports played on a large, flat surface are more popular in India than those played on an enclosed area. Examples of such sports include cricket, football, and hockey. This makes indoor sports facilities, which can be set up easily in basements or big rooms, very attractive to entrepreneurs. The cost of setting up such facilities is also low when compared to that of professional stadiums and other sports centers.
However, you should keep in mind that there is also considerable competition because most state governments offer funds for setting up these kinds of ventures. (via) __#3__This kind of venture can do well in cities where people have limited access to outdoor sports facilities due to poor weather conditions or lack of open spaces. Indoor sporting activities can take place all year round as well. For example, badminton tournaments are held indoors even during summer.
Another advantage is that it does not require much initial investment and the equipment needed for indoor games is relatively inexpensive. If you want to start an indoor sporting facility, here’s what you need: #1Investors; #2Flat space; #3Sports equipment; #4Registrations with associations like All India Tennis Association (AITA), All India Football Federation (AIFF), etc.; #5Certificates from local authorities regarding building permission.
Also Read: Business Ideas Under 10 Lakhs In Pakistan
Conclusion
Entrepreneurship is never a one size fits all model. It is always customized to different personalities, characteristics, and strengths. Take time to study your own personal likes and dislikes, strengths and weaknesses, personality types, and management styles before choosing a business idea that best suits you. Not only will it give you more control over your finances in the future.
But can also make up for what you might lack now in skill set or expertise. For example, many introverts enjoy being entrepreneurs because it allows them to work from home or away from other people (and also because they aren’t as shy about asking for money!). Being an entrepreneur isn’t just about making money—it’s about being happy doing what you love!
