Looking for the best business ideas to make money in India? Here are 10 business ideas that you can start with little investment.
Best Business Ideas to Make Money In India: Starting your own business can be one of the most rewarding ventures you’ll ever undertake, but with all the options out there, it can also be one of the most challenging endeavors you’ll ever attempt.
Best Business Ideas to Make Money In India
Whether you want to start something in the United States or abroad, there are tons of opportunities available and many resources to help get you started. In order to make sure your business stays on track and that you always know where to go when questions arise, check out these 10 great ideas for starting a business!
1) Write and Sell Articles
If you enjoy writing and want to earn money online, consider writing articles. Many websites will pay you for your articles, especially if they’re long-form and well-written. Just be sure that you can back up your claims with hard evidence; otherwise, don’t expect to get paid!
Also, see if there are any essay contests on a relevant topic where you can submit your content in exchange for money or prizes. You might also try selling personal essays or short stories to publishers who specialize in these forms of writing. You may not make much per piece, but it could add up over time.
2) Sell eBooks
With self-publishing, anybody can become an author. Even if you don’t like to write or haven’t written a word before, all you need is a computer, internet connection and a little bit of time. There are many ways to sell eBooks online including – E-commerce sites – Creating your own website – Selling on other people’s websites – Online forums, etc… Selling eBooks is a low-cost entry business but it does require some upfront investment for various services.
Some publishers charge authors up to $500 for publishing their book which often includes design costs and editing services. These days there are so many great tools available that new authors can use to help create eBooks at no cost! You can also hire freelancers from Fiverr who will do everything from creating covers to writing content for you. Once your eBook is ready, you just have to market it online in order to attract buyers. You could post links on social media platforms such as Facebook and Twitter.
Or even pay someone else to promote your eBook for you through PPC (Pay Per Click) advertising campaigns. If done right, selling eBooks has huge potential for making money as an entrepreneur in India because of its popularity as a format and because most books are priced between Rs 50-200 (the average price being around Rs 100). The beauty about self-publishing is that even if only one person buys your book out of 1 million visitors, you still make money off that sale!
3) Sell Digital Products
There are many ways to sell digital products online, such as selling them on your own website, a marketplace like Etsy or Amazon Handmade, or a marketplace for designers like Dribbble. Selling digital products is good for people who are creative and can design things themselves (teachers selling lesson plans, etc.). In order to sell them online, you will have to create something that is valuable.
But remember that physical products can also be resold online. There are many companies like Creative Market and Shopify that allow you to sell digital items on their platforms (they take a cut). You can also sell physical products on marketplaces such as eBay or Amazon. The great thing about these marketplaces is that you don’t have to worry about shipping and returns because they handle it all for you!
4) Start an Online Store
With options ranging from website building platforms like Shopify to drop-shipping services like Oberlo, starting an online store is a great way to make money and exercise total creative control over your brand. But remember: start small! These days, it’s more important than ever to assess demand for your product or service before you launch into full-scale production.
Avoid letting inventory build-up—just take a couple of products and test how they do with consumers. It’s also not a bad idea to invest in a video camera or two (or 10) as you get started—this will be invaluable when it comes time to launch promos. There are many inexpensive options available on Amazon that can help you create professional videos without breaking your budget.
5) Promote Other People’s Products
You don’t have to start your own business or develop a new product to make money. You can also make money by promoting other people’s products on your site. If you like a product, you can become an affiliate and promote it, or even create your own affiliate program. An affiliate program is basically where you market someone else’s product in exchange for a percentage of sales revenue – if a reader buys something using one of your affiliate links, you get a cut of that sale as well.
So, let’s say you write about cooking and want to promote The Joy of Cooking. Then you might use an affiliate link like The Joy of Cooking (Official Amazon Store) so that any time someone clicks on that link and purchases The Joy of Cooking, Amazon will give you a small percentage of its profit (you could be paid in cash or credit). This helps support your website while providing value to readers who are looking for cooking books.
6) Review Websites for Revenue
Online marketplaces are always looking for new products and services to list on their websites. And while you may not be able to get yourself included in every single niche site, there are a few pretty easy ways to find and contact them. But before you even start working on your review, create a shortlist of target sites that best represent your offering. Then figure out what types of things those sites want to be included with reviews (product description? social media links? photos?).
Finally, begin writing! The more you put into it now, the more money you’ll make later. Here’s some additional information about reviewing products: Review Websites For Revenue. If you’re interested in earning money online by being an affiliate, here is my complete guide to affiliate marketing: Affiliate Marketing Guide.
How do I start making money online as an affiliate? Answering all of these questions can help you choose one that is right for you: How Do I Start Making Money Online As An Affiliate?
You’ll also learn how to properly promote any business so that you maximize your chances of success. So if you’re ready to work hard and learn how to make a real income from home, then click here and read my full step-by-step tutorial: How To Start A Website That Makes $1000 Per Month From Scratch – Even If You Have No Technical Skills Or Experience!
7) Create Mobile Apps
Mobile app development is hot. According to a report from Gartner, worldwide spending on mobile apps is projected to reach $58 billion in 2016—an 8 percent increase over 2015. And in 2017, mobile apps are expected to make up more than 60 percent of all consumer internet traffic. While there are many successful ways to make money with an app.
One of the best is a freemium model: getting users hooked with your core app, then hoping they pay for upgrades. This method has been wildly successful for companies like Supercell (Clash of Clans) and Rovio (Angry Birds). If you’re just starting out, it’s hard to beat free as a price point when you’re trying to hook new customers.
8) Rent Out Property
Whether you’re looking to make a little bit of extra money or hoping to eventually strike it rich, renting out your property can be a great way to bring in some extra cash. Depending on your particular circumstances and skillset, there are many ways you can generate rental income. Consider signing up with one of several sites that connects landlords with potential tenants like Flatmates or Gumtree. Alternatively, look into investing in a few local properties and starting your own management company. If you work hard and find success, it won’t be long before you’re able to buy another place and start all over again!
By far, though, the most profitable—and potentially lucrative—way to monetize real estate is through buying and selling. This can be risky, however; there’s no guarantee you’ll sell for more than what you pay for an investment property (which is why diversification is recommended). A better option might be buying and holding until prices have appreciated enough for a good return. Do your research carefully so that you know which areas offer good returns based on future growth prospects as well as present-day valuations.
9) Hire Freelancers as Employees
Freelancers are great. They’re flexible, they’ll do a good job, and they usually charge much less than you’d pay an employee. The one problem? They’re not employees—they’re contractors, with all that entails. Hiring freelancers as employees is one way to solve that problem. As an employer, you’ll be able to provide employees with any necessary benefits and security that come with a more formal employment agreement.
Which may be more necessary if you want to hire them full-time instead of on a project-by-project basis. Check out some of these hiring tools for freelancers in case you need help finding trustworthy workers for your business: register, SmartHires. com, ZipRecruiter . com. Also, check out our post on 5 Tips For Finding Reliable Contractors For Your Small Business.
10) Become a Home-Based Travel Agent
If you love to travel and enjoy the idea of meeting new people, starting a home-based travel agency is a great option. With companies like Airbnb facilitating rentals all over the world, there’s never been a better time to become an online travel agent in your spare time. If you’re already a licensed professional in your area of expertise, consider becoming an Airbnb Superhost for extra income.
Check out our ultimate guide on how to make money with Airbnb for more tips on getting started. For other ways of monetizing your love for traveling and meeting new people, check out our post on How Travel Can Save You Thousands Per Year! Still not sure if starting up as an Airbnb host is right for you? Read these 4 reasons why you should (and shouldn’t) start hosting on Airbnb before making your decision.
Also Read: Business Ideas to Earn 10 Lakh Per Month
Conclusion
Listing down ten business ideas is somewhat unjustifiable, as one size doesn’t fit all when it comes to being an entrepreneur. If you are keen on starting a business, keep yourself updated with industry news and trends. Ask people who have been in your shoes.
When you’re clear about what kind of business you want to start, explore various startup ideas that are relevant to your line of work, and most importantly don’t forget to consider if it will be feasible for you financially or not.
Remember, as an entrepreneur your objective should be to minimize risk and maximize reward – achieve that and success will follow soon enough!
