Business Ideas For Under 10 Lakhs: A business may sound like the kind of thing you could only do if you’re already wealthy, but that’s far from the truth. Starting your own business can be one of the best ways to achieve financial freedom and success, which is why so many people start their own businesses every year.
Business Ideas For Under 10 Lakhs
That’s great news if you’re interested in starting your own business, but it can also make it harder to figure out where to begin!
1) Starting a Mobile Phone Recharge Shop
Even though most people have smartphones these days, they still need to charge them. A great business idea is to start a recharge shop. This way you could not only be selling new mobile phones but also recharging old ones and thereby serving a bigger market.
If you want to know more about starting such a business in your locality, feel free to reach out to us. In fact, if you are looking for more business ideas, we’ve got plenty of those that require no start-up cost whatsoever and can help you quickly grow your income as well.
All it takes is some knowledge of how businesses work and some hard work on your part! So click here now to learn more about our top business ideas.
2) Pet Grooming Services
Would you like to have a side business where you get to spend time with animals? Starting a pet grooming service is one of those business ideas that’s accessible and affordable, especially if you already know how to groom. Set up your own shop or set up appointments at other local facilities. You can offer basic services like nail trimming, baths, and brush outs.
Other services might include special shampoo treatments and hair cuts. Charge by pet size, weight or surface area. If you want to make more money in less time, consider offering more sophisticated options like full-blown hair cuts and special spa packages for dogs with undercoats that need extra attention.
3) Pet Sitting Services
Running a pet sitting business can be lucrative, and it’s a fun side business idea to have if you are an animal lover. To start, you’ll want to contact pet stores in your area about placing fliers on their bulletin boards. Or go online and use sites like Craigslist and Backpage to promote your services.
You should also consider talking with friends who own pets or visiting local dog parks to let people know you are available for walking and sitting services. At any rate, once people know that they can turn to you for help taking care of their pets—and will actually get a decent amount of exercise at the same time—you should have no problem finding customers!
By getting paid to walk dogs, pet sit, provide boarding services and more, you can earn up to $39 per hour doing something you love. Talk about a great part-time gig!
4) Managing Online Gambling Websites
Managing Online Gambling Websites can be very profitable. If you have experience with it, you may want to consider running an online gambling website. Starting one is easy and cheap, but managing it well will help your website become a profitable business. Read on to learn more about how to get started and what steps you need to take in order to manage an online gambling website effectively.
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5) Freelance Writing
The official work-from-home salary survey from CareerBuilder and iQuantic (conducted in 2010) found that 52 percent of all professional telecommuters made less than $24,000 a year; 26 percent earned between $24,000 and $49,999 per year; 20 percent earned between $50,000 and $74,999 per year; 9 percent made more than $75,000.
One of CareerBuilder’s findings reveals just how much companies can save by hiring freelancers instead of full-time employees. A company with 200 remote workers could potentially shave off an estimated $14 million in overhead costs each year—which means more money for business owners’ pockets. Freelance writing is very popular among writers because it allows you to do your job wherever you want to.
Which gives you both freedom and flexibility. While finding freelance writing jobs online is not tough, good quality jobs that pay well are sometimes difficult to find. Freelancing offers a variety of benefits including independence and flexibility – but most importantly it provides financial stability while allowing room for creative pursuits to take center stage!
If you want to be your own boss yet also enjoy collaborating with others then starting a freelance writing business might be right up your alley!
6) Selling Products from Different Niches on Amazon
If you sell on Amazon, there’s a good chance that your account has been suspended at least once. Amazon does not like it when sellers list items in multiple categories because they are worried about getting sued by other companies. That being said, one of my favorite business ideas is to get accounts reinstate and sell products from different niches on Amazon. This business doesn’t require any inventory and is easily scalable.
7) Hosting Offline Events
If you’re crafty and like to meet new people, or have a skill that other business owners might value, then hosting offline events could be a profitable side gig. Earning extra money from event planning can also give you a little extra push if you’re tired of your regular freelance gigs.
To get started with hosting events, check out these 6 tips from Thumbtack—with some planning and hard work, it’s totally possible to make thousands of dollars a month by hosting local gatherings. You can even use something as simple as Facebook Events to help clients find you; try Meetup or Eventbrite if that doesn’t cut it.
8) Online Coaching Programs
Making money from business coaching isn’t easy but it can be incredibly rewarding, especially if you care about helping people to live more fulfilling lives. If that’s you, then an online coaching program is a great way to build a money-making side business idea that allows you to do what you love—helping others improve their lives—without feeling like a used car salesman.
Start by creating your online presence with a website or LinkedIn profile and then get out there and start developing your brand and bringing in clients. The earlier you start building relationships with potential clients, the better. It will take time to build up your client base, so get started today! And don’t forget to ask family and friends if they know anyone who could benefit from your services.
9) Starting a BPO Business
Many people dream of starting their own business, but worry that they won’t have access to enough capital to get it started. The good news is that you don’t need a big budget to start a business. If you have an idea for a business and can handle operations without having hired staff, consider starting your own home-based BPO company.
These businesses operate in areas like technical support, customer service and back office operations – perfect if you are looking to start up on a small budget or want part-time income while working another job. There are few necessary startup costs associated with these kinds of businesses; set up can cost around ₹1-2 lakh and operation expenses can be as low as ₹10,000 per month.
10) Consulting Other Startups or Small Businesses
Startup accelerators, incubators and other entrepreneurial organizations provide mentorship to new companies. In addition to providing guidance, they also offer office space and access to mentors with experience in startups. Consulting other small businesses is a great way to learn how things are done in real life.
You’ll learn best practices from people who have already been down that road and can potentially help with day-to-day operations or funding issues. Also, don’t discount these connections later on when you look for investors or employees; these contacts may be able to help you find money or good people at affordable prices. If you decide to build your business off one of your customer’s platforms, their user base will become yours.
There will be more on marketplaces in an upcoming section, but reaching out to local markets and businesses is never a bad idea no matter what platform you’re operating from! That said, consult with your potential customers before hopping into bed too quickly.
No entrepreneur wants to inadvertently hurt their brand by working too closely with another business that turns out to be toxic for consumers. Always double check anyone and everyone before starting up too quickly! This step could save both time and energy once your project gets rolling!
Also Read: 8 Business Ideas For Under 10000
There are a lot of business ideas that anyone can start without needing special skills or experience. For example, if you are interested in making money by starting your own retail store, but don’t want to spend a large amount of capital on inventory, you could open an online storefront with Shopify instead. There is no upfront cost and all you need is an internet connection and about $100 to get started.
You can also sell books online by becoming a member of Amazon’s online marketplace. While Amazon won’t help with marketing or advertising your store, they will take care of all processing payments and shipping orders.