Business Ideas In India :Starting your own business can be one of the most rewarding experiences in your life, but it can also be difficult and stressful. Before you decide to open up shop, do plenty of research and make sure that you have all of the information and resources you need to succeed.
Business Ideas In India
If you’re just starting out, these 10 recent successful business ideas from India may give you some new inspiration on how to start a business in your own country.
1) Education
A personal development arena like no other, education is a great way to start your business idea because it’s both altruistic and inexpensive. It doesn’t have to be traditional teaching—in fact, online classes can prove very lucrative.
Not only do you have access to a wide audience but you can build up an entire curriculum around your expertise as well as take advantage of government funding, if needed. And yes, all that school will look great on your resume!
2) Online Shops
In recent years, there has been a meteoric rise of online shopping sites. From handbags to home appliances, you can now buy almost anything online. The success of such ventures lies not only in e-commerce platforms, but also in logistics and supply chain management. There are countless examples of businesses that have made it big by offering an efficient delivery and buying experience.
In fact, delivery is one area where Indian startups have been quite successful; for instance, Flipkart offers free shipping on more than 100 million products and claims to deliver within 24 hours even at far-flung locations! To help you get started on your entrepreneurial journey towards making money with business ideas like these, we’ve compiled 10 recent successful business ideas from India. Here they are
3) Mobile App Development
Today, mobile apps are everywhere. From shopping to transportation to dating to news, there’s an app for everything. And thanks to new technology and easy-to-use tools, developing a great mobile app is now easier than ever.
While anyone can download a stock photo or use online design templates to put together a decent website or landing page, there’s no substitute for professional design when it comes to creating an impressive and engaging mobile app experience.
Don’t miss out on business opportunities because you have a less-than-stellar user interface (UI). If you plan on launching your own successful business idea in India, ensure that your idea is powered by a top-notch UI/UX experience.
4) Home Services
As more people start freelancing and working from home, services for getting things done at home have proliferated. Sites like TaskRabbit or Handy enable you to outsource small jobs—from assembling furniture to cleaning up dog poop—to a network of local workers who can help tackle those to-do items on your list.
Making it even easier, some grocery stores offer customers curbside pickup; all you have to do is order your groceries online (either through delivery service Instacart or Walmart) and drive up at your designated time. If there are no curbside drop-offs available, Home Depot will make two hour deliveries for $50.
In fact, while Amazon remains a leader in online retail sales, physical stores may be where retail has its biggest comeback. Besides driving foot traffic into your store, you could provide in-store wifi or allow shoppers to call customer service 24/7 via an app on their phone. You could also install displays that show how much energy each product uses and provide incentives for reducing consumption.
Products that reduce waste, save water or lower costs (such as LED light bulbs) would then create their own following with environmental advocates. It’s not hard to imagine a display system being so popular that customers see it as an extension of your store – where they choose products based on what’s good for them and great for Mother Earth!
5) Travel
No matter where you go, there’s a business idea waiting to be discovered. From AirBnB, which has helped thousands of property owners earn extra cash by renting out their space on a short-term basis, to Uber and its plethora of car service options, technology has changed how we think about traveling (and earning).
However, these businesses didn’t come about because someone decided that it would be fun to start a travel-related business; they came about because people saw an opportunity and executed. Start by looking at what kind of job you want or need. Do you want to run your own small business or are you looking for something more stable? You should also look at different industries—and not just travel—to see what kinds of jobs are available.
6) Fashion & Beauty
Fashion and beauty are huge industries in India. Online shopping is booming, so let’s check out some of its recent major players. With all due respect to FabIndia and Jabong, I’m talking major names you should know now. Let’s start with one of e-commerce’s newest powerhouses—Flipkart Fashion and Myntra. Both sites specialize in Indian brands, but they also curate an impressive international selection—Madewell jeans anyone?
These sites have been instrumental to online sales growth overall and will continue to be a force for years to come. Watch out for Snapdeal as well; there were rumors last year that Flipkart was interested in acquiring them, but no deal ever materialized. Like these two companies, ShopClues focuses on clothing and accessories along with home decor.
ShopClues offers lower prices than its competitors and reviews from happy customers have propelled it into being one of India’s largest online stores in just a few short years. Amazon hasn’t invested much money into their Indian site yet (only around $100 million).
Though they’ve done everything right since launching back in 2013: high quality products at very competitive prices coupled with strong product descriptions and category depth. Amazon’s great customer service has also made it incredibly popular among consumers—and sellers looking to make sure their wares stand out against competitors’. Expect investment from Bezos & Co. over the next several years!
7) Online Marketplaces
Healthcare costs in Western countries have continued to rise, meaning many American citizens are opting for medical procedures abroad. Medical tourism is becoming a very lucrative industry and a smart way to cut costs while receiving top-quality care. Many countries like India, Thailand, and China are recognized as medical tourism destinations because of their relatively cheap services and advanced treatment options.
For example, getting an eye surgery done in Thailand is less than one-fifth of what it would cost back home. If you’re looking for ideas on how to start a business, look into how you can offer similar services overseas at lower rates! And, if you already live abroad, think about offering these types of services to foreign tourists who might be flying through your city or even town.
Look online and find popular surgeons that perform these procedures; then learn more about them and possibly get in touch with them to help connect patients with them. In general however, successful businesses involve being where there’s demand: don’t immediately assume.
That having success using medical tourism tactics in China will translate automatically to success marketing pharmaceuticals (or visa versa) when starting a business but rather focus on your target market once you understand who they are!
8) Medical Tourism
The Indian healthcare sector has emerged as a magnet for medical tourists from around the world. The growing middle class, low costs and quality of treatment have made it an attractive destination for patients. According to industry estimates, India’s medical tourism market will be worth $2 billion by 2015 and is poised to grow at a CAGR of around 50 percent.
The largest draw of medical tourism is undoubtedly India’s affordability, with advanced procedures costing only 20 percent or less than what they would in developed countries. On top of that, overall cost savings can stretch into thousands of dollars when travel, hotel and other expenses are factored in. And thanks to increased safety measures—including quick access to emergency care facilities—the risks are minimal.
Not all treatments are available through medical tourism though, so it is important that you consult your physician first before undergoing any procedure abroad. Most hospitals also offer easy payment options like bank transfers and credit cards so that patient information stays private.
While advance booking may be required for certain procedures like organ transplants, most other common surgeries can take place within two weeks’ time if booked well in advance.
9) Retail – Gourmet Foods & Organic Products
There is a huge trend toward buying organic and natural foods from retailers like Whole Foods, Nature’s Basket, Ethnic Suites and even ShopClues. It’s only going to grow as more people become aware of what they put into their bodies. Indians have been eating organic for years because of their religious beliefs about food, but now it’s becoming popular for non-religious reasons too.
And if you can offer gourmet products that are hard to find in major metropolitan areas, you might do very well indeed. Indian customers love shopping online and will take advantage of your services. Not every business needs to be in a big city with lots of foot traffic; online sellers succeed all over India by catering to local communities where people want specialty items at competitive prices.
This idea works especially well if you have retail experience, deep connections within your community or have any kind of marketing experience whatsoever. Your market research might be easier than expected because health-conscious shoppers (especially those living outside urban centers) don’t really know how easy it is to buy organic or exotic foods on demand via ecommerce sites – so they won’t necessarily be expecting delivery services right away. This means there’s no direct competition – yet!
10) Startups – Cross-Cultural Businesses
Some of your best business ideas will be cross-cultural businesses. What does that mean? For example, if you’re a marketing expert living in Bangalore, working for an American software company, it might be easy to market your existing knowledge to local companies. Or if you’re a computer engineer from Chennai, it might be relatively easy to start up a training center for new software engineers in Bangalore.
Another example is tutoring: In an emerging economy like India or China, where education systems are not yet fully established and there are large gaps between quality of public and private schools (or simply between public schools), there’s lots of opportunity to step into that gap as a tutor who works with students one-on-one or leads group sessions on topics like English language learning.
Also Read: Business Ideas For Uneducated Housewives
Conclusion
Keep an eye on these businesses. As you can see, there is a lot of potential for success in all of them. Have a look through each idea and figure out which one you think would be most profitable to start.
Don’t worry about choosing one before you read our section on how to turn an idea into reality, so don’t rush it! Pick one that looks interesting to you, or if you prefer, go with your gut instinct. If none appeal to you – go back over them all and try again another day.
At least now when someone asks you what do you want to do after college?, instead of being flustered by indecision, we’ll give a confident answer: I’m going to do X! And at that point you’d have researched your options carefully enough to know whether or not your gut instinct was on target or if more research was needed…and let’s face it…you’re not done researching until after launch. Pick wisely 😉
