If you are looking for the best wholesale business under 10 lakhs then this is the right place. We have handpicked some of the best wholesale business ideas for you.
Best Wholesale Business Under 10 Lakhs: Choosing to start your own business can be an exciting step, but it’s also a big decision and requires careful thought. Starting from scratch can seem like quite the challenge, especially if you’re just starting out or don’t have much in the way of business experience.
Best Wholesale Business Under 10 Lakhs
But there are plenty of ways to get started on the right foot and find success in your new venture! Here are 10 unique ideas for setting up a successful wholesale business with an estimated investment under 10 lakhs.
1) IT Consulting
Before starting any IT consulting business, it’s important to get your name out there and start getting clients. To do that, write articles on sites like LinkedIn Pulse, OnStartups, and Medium, where you can pitch your services and give readers helpful advice based on what you know from experience. You can even provide them with content for free in exchange for an email address.
That’s how freelance writer James Chartrand got his first clients. Once you have some contacts, let them know you’re looking to work with small businesses that want to improve their online presence or need help integrating new software they purchased. From there, it’s all about sending targeted cold emails. If you don’t feel comfortable selling yourself, consider hiring someone to do it for you.
2) Special Occasion Party Planning
A career in party planning is always in high demand. Specialty party planning jobs include organizing large-scale events, event management, vendor sourcing, and logistical coordination; it’s your job to make sure everything comes together seamlessly from start to finish. Consider adding party planning as an additional side hustle to your business – you’ll likely make money more quickly than starting an entirely new business with minimal investment.
In addition, specialized experience and knowledge may lead to opening your own event-planning company down the road. Here are 10 unique ideas for a successful wholesale business: 1. Solar Energy Solutions 2. Beekeeping 3. Online Jewelry 4. Small Engines 5. Pet Accessories 6. Canvas Art 7. T-Shirts 8.Cheese 9 . Scrapbooking 10.Photo Albums
3) Home Decor
If you love the design and want to make some extra cash, consider doing home decor. Some great home decor items include furniture, art, and accents for your walls and shelves. You can start by making changes to your own house—such as painting it or putting up new wallpaper—and then expand from there if you do well.
If you have an eye for design and like working with people, starting a home-decor business could be a great opportunity for you. Here’s more about how to get started. I am sure that these articles will help you in getting success in your professional career. All are very much useful in getting a better career path and also to become a successful person in life.
4) Cleaning Services
If you’re looking to start a business that you can run from home, there are quite a few benefits to owning your own cleaning service. One of those is that you can choose when and how often you work. You could schedule your own clients and handle them on nights or weekends while working around another job—or not having one at all. Starting small, with just a single service, like apartment cleaning, is also easier than trying to launch an entire house cleaning company right out of the gate.
It’s also easier to find help for one-off jobs than it would be if you were hiring out every single cleaning task needed by client households. This means marketing costs will be lower as well as overhead costs like supplies, insurance, and employee payroll taxes.
As you grow, however, you can always add more services and expand into other areas. Another benefit of starting small is that it forces you to focus on providing high-quality service in order to win over new customers. Once they’ve tried your services once, they’ll likely come back again and again—and bring their friends!
5) Amazon FBA
In Amazon’s early days, selling as a third-party seller was its most successful option. And it still is today—Amazon doesn’t have its own delivery service, so goods are either sent through Fulfillment by Amazon (FBA) or sold on Amazon Marketplace.
Selling goods via FBA means you send them to an Amazon warehouse and they manage shipping and customer service issues; once they sell, they ship goods out of their own warehouses. Marketplace sellers only pay $0.99 plus up to 15% in referral fees on each item sold.
6) eBay Listings
Many times, even existing eCommerce businesses have items in their inventory that don’t sell as quickly as others. If you have any of these products at home, why not list them on eBay and try to sell them? You can do it for free by using auction-style listings or your own Buy It Now price. You might just make some extra cash from something you weren’t planning on selling.
And guess what? This can also work with items that aren’t necessarily in your eCommerce store! Amazon FBA is one of my favorite ways to scale and automate eBay sales, so definitely check out how those two services integrate. You can read more about it here: How to Make Money Selling on eBay (And What You Should Know).
7) Ecommerce Website Development
If you’re thinking about starting an eCommerce business but don’t know where to begin, you’re not alone. Ecommerce is growing in popularity and there are now hundreds of thousands of websites selling goods or services online. This is an exciting time to join the industry, but it also means competition is increasing with every passing day.
That being said, if you have experience with coding or web development, it can be a good business opportunity that can help you leverage your skillset and bring in some additional income on top of your current salary. There are many ways to approach building out an eCommerce website, so make sure you do your research and choose a path that best suits your skillset.
You can always hire someone else to handle all of the technical aspects if you want to focus on marketing or branding instead. The most important thing when choosing a niche is making sure there’s enough demand for what you’re trying to sell. You need customers before anything else! A lot of people jump into niche sites only to find out they’re not profitable because they didn’t do their research properly.
8) WordPress Website Maintenance & Hosting
WordPress is one of the most popular blogging platforms in existence today. It has more than 60 million websites under its belt and powers 29% of all new websites. The platform offers thousands of free, customizable templates for you to choose from, as well as an easy-to-use CMS (content management system), to create your content and customize your site.
Whether you want to run a large business website or simply have a personal outlet where you can share pictures with friends, WordPress can be used in multiple ways to fit your needs. However, many people who don’t know much about computer code find themselves overwhelmed when they’re starting out with WordPress because there’s so much information available online and not everything is clearly explained. If you need help setting up your WordPress website or hosting it on a reliable server, WP Engine is a great option.
They offer 24/7 support, top-notch security measures, and unlimited bandwidth at reasonable prices. If you’re looking for a reputable company that will help you set up your own custom domain name and host it on their servers without breaking your budget, WP Engine is definitely worth checking out! You may also want to check out Bluehost if you’re looking for affordable shared hosting solutions.
9) Customer Service Center
If you’re in retail, customer service is your number one concern. In wholesale, things are a little different. Generally speaking, wholesalers are less about individual customer satisfaction and more about filling bulk orders as quickly and efficiently as possible. Even still, there are some basic guidelines that apply to all businesses: be sure to reply to every inquiry and phone call within 24 hours; respond to emails within 48 hours.
And, if possible, get back to them right away with an answer or solution (even if it’s sorry I can’t help you today but I’ll try to find an answer for you ASAP). Remember that your goal is not just to fill orders but also to make lifelong customers. The more they like working with you, the more likely they will come back again and again.
10) App Development
The app development industry is huge and shows no signs of slowing down. App developers make money in a variety of ways, such as through ad revenue, in-app purchases, or charging for use of their app. If you are good at coding, then consider an app-development business. Just keep in mind that it can be quite competitive so have an original idea to set yourself apart from competitors.
Also, be prepared to spend some time on marketing—it’s not enough to develop an app if people don’t know about it! You could also try teaming up with other developers to create a larger portfolio of apps, although getting into bed with another developer means you’ll need to put your differences aside should things go sour. One last tip: Don’t forget about costs! Your upfront costs will include purchasing your own computer and/or smartphone for testing purposes.
You’ll also need design software (like Photoshop) and other tools needed to build your app. You may even want to hire someone else to do all the work for you (which will cost extra). But once you’ve spent all that money on developing your app, there’s still one more thing: Getting users! Remember how I said it’s important not only to have an original idea but also to promote it?
Also Read: Top 10 Franchise Business Under 10 Lakhs
Becoming an entrepreneur is exciting, but it can also be challenging. Many new entrepreneurs don’t know where to start with business plans, how to write them, or what they even need in one.
This guide will help you get started on writing your own business plan so that you have a well-thought-out idea of what steps you should take to achieve success.
What is wholesale business?
A wholesale business offers goods and services at a cost that is higher than retail, but lower than its manufacturing or production cost.
What are the benefits of a wholesale business under 10 lakhs?
Running a wholesale business under Rs.10 lakh is not only easy but also provides good profit margins. As a wholesaler, you need not worry about things like rent, salaries, taxes, and other operational costs as they are handled by other people/companies.
How can I find a wholesale business under 10 lakhs?
If you’re on a hunt for a wholesale business that doesn’t break your bank, you’ve come to the right place. We explore some of the most profitable wholesale businesses that don’t require an initial investment of more than ₹10 lakh.
What is the difference between wholesale and retail?
Many people use these two terms interchangeably, but there is a difference. Wholesale is when you buy products in bulk from a manufacturer or distributor and then sell those items to your customers directly.