If you want to start a small business in India, then this is the right place for you. Here are the 10 best manufacturing business ideas that you can start with less than 2 lakhs.
10 Manufacturing Business Ideas Under 2 Lakhs: A lot of people are looking for the next big business idea and sometimes, you don’t have to look very far. The fact is, there are plenty of opportunities out there that you can take advantage of if you’re willing to put in the time and effort to see them through.
10 Manufacturing Business Ideas Under 2 Lakhs
This article will help you find some cost-effective business ideas that could get your venture off the ground quickly and easily—without breaking the bank!
1) Micro Bakery
If you have a cooking background, it’s worth considering starting a micro-bakery. From cupcakes to cookies to muffins, a micro-bakery is perfect for individuals who are looking to start a business on a small scale and potentially build up enough revenue to open their own full-size bakery at some point in the future. Start by getting creative with your offerings, coming up with different combinations of flavors and decorating styles that reflect your unique vision.
Experimenting with different items can also help reduce costs while you figure out what sells best. Once you have an idea of which types of baked goods sell well, then consider setting up a shop in a local farmers market or other areas where people will be willing to buy from an unknown vendor. To learn more about how to get started as a micro baker, read our step-by-step guide here.
2) Dry Fruits Processing Unit
Dry fruits are one of India’s major exports. One could start a profitable business from home with minimal investment in processing and selling dry fruits. Dry fruits are one of those business ideas which will not involve any heavy investment and it will only require an amount of Rs. 50,000 to start up such a business, as there will be very less infrastructure requirements needed for such a small-scale industry.
The returns that can be generated by starting such a business would go up to a 50% profit margin on every kg of dry fruits processed by you and sold in the market. You can also sell these products online or through local shops and make more profits than what you expect out of your business.
You just need to identify your target audience and reach them through social media platforms like Facebook, Twitter, etc., or via WhatsApp groups or local ads in newspapers, etc. You just need to focus on marketing your product well enough so that people know about its existence in their area and buy it from you instead of buying from others who might have similar products but lack proper marketing strategies.
3) Home Based Candle Making Business
Candles are a very profitable product. Candles can be sold on special occasions or even made for individual sales. You can make candles from various raw materials such as soy wax, beeswax, and paraffin wax among others. Soy candles are safer to burn and have a better scent throw than paraffin candles, but if you can find local suppliers of other waxes at a cheaper price they may be more cost-effective to use.
Today most candle makers use molds to create shaped candles but you could save money by hand pouring them into containers instead of buying expensive molds that you would then need to dispose of after one use. If you want to get started with a home-based candle making business start with these basic steps:
- Get some basic equipment including wicks, dyes, fragrances, etc.
- Find out what kind of container you will be using (candle jars, votive cups, etc.)
- Learn how to pour your own candles without getting burned!
- This is an important step as it will ensure that your customers don’t get burned either! It takes practice so
- keep trying until you get it right!
- Learn how to label your products properly so people know what they are getting.
- Start making some samples and sell them locally before going national.
4) Door Step Car Wash Service
Most Indians have their cars washed at a car wash. The typical Indian is quite a neat person and would not like to see his vehicle all dusty. If you live in a metropolitan city, you should start doorstep car washing service. You could charge as little as 100 rupees for cleaning your car and also advertise your services in newspapers or through banners on local buses and trains. This kind of business can be started with just Rs 1 lakh investment and it can generate good income in metros such as Mumbai, Delhi, Chennai, etc.
Where there are more vehicles running on roads than in any other city across India. There are many advertising agencies that pay money to display ads on different types of media platforms. If you manage to get a contract from one of them, then there will be no need for any other form of advertisement, and hence even after paying an agency, you can still make profits out of your venture.
However, if you don’t get into an agreement with any agency then try getting into agreements with hotels or office buildings where people park their vehicles while they go inside these places. Just make sure that none else does the same thing nearby otherwise it will be hard for both parties to survive due to intense competition between them.
5) Multi-Brand Cleaning Service
These cleaning services charge anywhere between INR 40,000 – and INR 3,00,000. They take care of all aspects of cleaning ranging from vacuuming to scrubbing and rinsing to mopping. The biggest benefit of hiring these services is that you can call them for a particular time frame and they’ll take care of everything within that time period. A regular cleaner would have finished everything in a few hours if you don’t need daily or even weekly service.
But with these companies, you get an entire team for up to 7 hours at one go at a relatively cheap rate. Another great benefit is you don’t have to leave your job just yet – because it doesn’t require any special training or degree! This makes it perfect for working professionals who want to make some extra money while they’re away from their desks. It’s also perfect for housewives who want to earn a little bit more by taking on a part-time job but still manage their household duties as well.
Even teenagers can do it since there’s no heavy lifting involved (apart from some dusting maybe). You just have to be willing to work hard and learn new skills such as how to use different cleaning tools, mop and vacuum efficiently, etc. Of course, not everyone has all day every day free so finding clients might be tricky sometimes but most agencies are always looking out for people like you who are looking for flexible part-time jobs!
6) Handmade Clay Jewellery Production Unit
You can start your business with low investment, but it should generate good profit. There are numerous raw materials needed for producing clay jewelry. Raw material: Silicon Clay (Silicon dioxide) which is mined from river beds or found in hills, Sanibelle beads, and metallic brass wires (both available in local markets). Mix silicon powder with water to make a dough of the required consistency.
Mix some colored pigment if you want to add color to your beads. Apply it on a flat surface such as a plastic sheet and make use of any object that has a round shape such as a plastic lid, tumbler glass, etc., to roll out a thin layer of clay dough. Flatten out by using a rolling pin and cut into pieces with a cutting knife or scissors for making shapes like fishes, butterflies, etc.
7) Mobile Phone Repairing Unit
Setting up a mobile phone repair shop is one of those low-cost business ideas you can start at home. All you need is a small room, basic tools like screwdrivers, and spanners, and you are ready to go. If you have access to inexpensive spare parts (you can buy them from phone repair shops or directly from manufacturers) and your pricing is competitive, it won’t be long before your steady stream of repeat customers will force you to expand into bigger premises.
So if breaking down cell phones is something that comes naturally to you, why not turn it into a profitable side business? Boat/ship operator: Transporting cargo by water isn’t quite as simple as doing so by road—but it’s definitely cheaper. That said, operating a ship or boat for commercial purposes does require licenses in most countries.
You may also want to get yourself registered with shipping authorities such as the US Coast Guard Auxiliary. Apart from these formalities, there isn’t much more involved in setting up a transport company on the water. One thing’s for sure though—the vessels themselves don’t come cheap!
8) Portable Solar Power Charging Bays
A number of events, from trade shows to environmental conferences and rallies, require hundreds of attendees to have access to power. In instances like these, even if there are a few power sources, they’re usually overwhelmed by demand. Portable solar power charging bays solve that problem in many ways:
A number of solar panels can be attached together (or daisy-chained) so you only need one or two main outlets or generators—at least for a small group. And since these units include multiple outlets and USB ports, each person can charge his or her own device at once. These products also come with large carrying cases, making them easy to transport and set up almost anywhere.
9) Organise Events, Get Paid For It!
By setting up an events agency, you can throw parties, conferences, and more and get paid to do it. If you have a way with words, writing invitations or marketing material is a good use of your talent. As long as there are people who would like to attend an event, they will find you online—all you need is to create a website (using a tool like Instapage) and spread the word by word-of-mouth or social media.
It’s just a matter of putting in some effort on getting known. One great way of doing that is by advertising your services free of cost on sites like Nextdoor. Besides businesses looking for creative ways to market their product or service (like yours), you might even find someone planning their wedding!
10) Professional Event Photographers For Weddings, Parties, etc.
Professional event photographers can take high-quality images at corporate events, parties, and other social gatherings. A good DSLR camera costs about Rs 1.5 lakhs these days, but you can start with a point-and-shoot camera for much less. For each event, you should be able to earn anywhere between Rs 5,000 and Rs 20,000 per day.
If you make decent money from your first few events, you’ll get more work through word of mouth. Then you can invest in better equipment as well as upgrade your skills if necessary (the popular ones are Adobe Photoshop and Adobe Lightroom). Or if photography isn’t your calling, there are plenty of other business ideas under two lakh rupees that require little investment – or zero investment!
Also Read: 10 Business Ideas Under 2 Lakhs Near Lahore
Small capital is enough to kick-start your own business. No need to wait for anyone’s permission. Just go ahead and start it! It might be risky at first, but, once you overcome all your shortcomings, things will be all clear up for you. And then, you can enjoy a life of entrepreneurship with comfort and satisfaction.
To help you get going and stay on track with your business idea, here are some low-cost manufacturing business ideas under two lakh rupees. Choose wisely according to your passion and suitability. Start with these low-cost manufacturing business ideas under two lakh rupees now!
How much does it cost to start a manufacturing business?
Starting a manufacturing business doesn’t necessarily have to be cost-prohibitive, although there are several costs that will come into play throughout different phases of production.
What is the capital requirement for starting a manufacturing business?
Before setting up your manufacturing business, you need money to buy machinery, raw materials, office, and plant space, computers, pay salaries, and other expenses.
What is the best time to contact them?
There are typically two good times to contact people: during business hours and after business hours. The reasoning behind contacting someone at off-hours is that you will have less competition for their attention
What is the cost of the website?
It is not just about the cost of the website. You will have to spend much more for starting and running your business. You should invest at least 2 lakhs in marketing your website and getting business from it.