Business Ideas In India For Beginners: Starting your own business in India can be a daunting prospect, especially if you’re unfamiliar with the market and the local culture. However, it can also be very rewarding and satisfying, both personally and financially.
Business Ideas In India For Beginners
To give you an idea of some possible business ideas to consider in India, here are 10 businesses that many Indians are starting right now.
1) Local business
If you live in a major city, chances are there are local businesses that could use your skills. A local business might also be more receptive to hiring someone just starting out, especially if you’re offering to work at a discount rate or for free. Start small by checking out these guides: 38 Ways to Make Money from Home, 58 Side Business Ideas and 20 Freelance Business Ideas.
Remember to include what your qualifications are, how much experience you have and how many hours per week you can dedicate to each side business idea. To make money as a freelancer, you’ll need to bill clients an hourly rate of $50-$100 (or whatever your level of expertise requires).
In addition to consulting, check into reselling products on sites like eBay and Amazon—there are all kinds of products available! Work part-time while in school and try setting aside part of your weekend; on Saturdays shop at yard sales/stores/flea markets and sell them online while on Sundays create websites (with WordPress) for people who want their own website but don’t know how to create one.
2) Online Shop
Online shopping is a great business idea. With a good website, you can reach people all over your country and abroad. The best part about running an online shop is that you don’t have to rent or buy a physical location. If you have a computer and internet connection, you’re all set!
Just make sure your website looks professional and has an easy-to-use shopping cart; these are key to making sales online. Also, consider taking payments through Paypal; it makes life easier for customers and will encourage them to shop with you again. It’s definitely better than having customers give credit card details directly on your site (though many people still do).
One of my favorite websites to buy from is Amazon. com – they sell nearly everything you could ever want or need and their shipping is very reliable. You might also want to look into drop shipping, where manufacturers ship items directly to your customer when they place an order. Some types of businesses also require special licenses: for example, if you’re planning on selling tobacco products online then you might need a special license.
3) Low Investment business
Starting a franchise is one of our favorite business ideas. In general, franchises are more established businesses that have been around and have had time to establish a reputation. This is an advantage because customers know what they’re going to get. Additionally, since franchising comes with instant brand recognition and proven business systems, it can help you quickly get on your feet and start making money.
For example, when McDonald’s first started out as a single burger stand in San Bernardino, CA back in 1948; now there are more than 36,000 locations worldwide. The concept was so successful that Ray Kroc saw its potential and purchased McDonald’s from founder Dick McDonald. Now, over 60 years later, McDonald’s has become a household name and has some of their most prolific locations overseas (China and Japan).
Whether or not you end up choosing a franchise system, starting any type of low-investment business will definitely increase your risk tolerance. It helps ease into entrepreneurship by offering less risk while also teaching you many valuable lessons—you learn how to operate and manage finances much quicker by getting experience as soon as possible; plus it’ll give you hands-on experience that’ll come in handy later on down the road if/when things pick up!
4) Franchise
If you’re looking to get into business with a little bit of help and guidance, franchising might be your ideal way to start. It can provide you with a name and logo that people recognize, as well as an existing customer base. So when it comes time to grow, all you have to do is reach out to your established clientele. In many cases, franchising will allow you to become part of a larger business without having to pay those hefty startup costs.
You might also be able to negotiate and rent space from them if needed. For example, a friend of mine owns two Subway locations at military bases and pays virtually nothing in rent because he agreed to take over some other family members’ leases and give them 5% profit on every sandwich sold. The military not only provides his location with a steady stream of foot traffic but they’ll often advertise his shop in their newsletters.
In turn, he advertises on their behalf via social media whenever he runs specials or promotions for active duty military personnel (who don’t mind going to Subway instead of other fast food joints). Obviously starting or buying franchises isn’t going to work for everyone but if you’re willing to think outside-the-box like my friend did then it’s definitely worth investigating further.
5) Online Marketplace
OlaCabs is a great business idea to start with because it’s super cheap to get started. You don’t need a lot of money to buy a car, you just need capital to cover operational costs until you begin generating revenue. There are a bunch of different ways you can make money as an online marketplace, but there’s one way that always works: offer convenience and provide value by reducing (or eliminating) some form of pain point.
OlaCabs does just that by making it easy and cheap for people who need rides and drivers who want them. In fact, Uber’s strategy has been essentially identical since they launched—with one minor change at scale (pricing). The lesson here? If you build something that solves a problem or reduces pain points, it will almost certainly be profitable. Sometimes innovating on pricing alone is enough.
Consider Airbnb’s simple take on hospitality: give people a place to crash when they’re visiting your city. It doesn’t get more basic than that…and yet people pay millions every year for access to their service. That’s what we call pain reduction!
6) Book Translation
This is an easy, low-cost business idea. While it’s not a big revenue generator, it could be helpful if you are looking to earn some extra cash on your own time and without any overheads or partners. Find a popular book that’s available worldwide and translate it into your native language. You may also be able to make money through selling self-published eBooks in various formats (e.g., pdf, ebook).
7) Restaurant Business
Starting your own restaurant can be a great way to start your business. If you have always dreamt of cooking food and serving it to people, then setting up a restaurant is a great option. But, before you do that, you should know that it’s not as easy as it seems. You will have to work really hard. You need money too if you are going to set up your own restaurant business.
Moreover, there are many rules and regulations involved with opening a restaurant and running one. Make sure that you know all about them so that you don’t run into any problems while starting your own enterprise. Also make sure that you get enough training and support from experienced businessmen in order to succeed in your venture. Have a clear idea of where to invest and how much money you need to invest.
Don’t think that it’s just money but time and energy also plays an important role in our lives when we plan something new. Try asking yourself these questions: How much time do I need? What kind of experience am I lacking? The answers may determine how far your business goes from inception. So write everything down on paper or someplace where you can see what you want clearly and then take action!
8) Event Management
One of South Asia’s biggest growth industries, event management provides opportunities to gain experience and meet new people. It’s also a great way to develop an entrepreneurial spirit and can be quite lucrative if you’re talented. As with any start-up, network within your own circles—and outside them as well—to grow your business. Don’t forget to research industry trends, or start your own events from scratch!
With a little hard work, you could become one of South Asia’s top event planners. Consider attending conferences on food, entertainment, and technology that are held all over India. Consider holding your own music festival using local talent for exposure.
The first obstacle most folks have when considering starting their own business is coming up with a good idea, something exciting enough to get investors interested but realistic enough to work on some level.
9) Car Rental Services
Car rental services are one of those businesses that every city has, but not many people really think about. It’s easy to overlook these as an opportunity unless you actually visit a car rental service and see how much work goes into running it. As a business idea, though, these seem like they could be ripe for expansion (or at least consolidation).
There aren’t a ton of companies that have attempted to build out national car rental brands—probably because it’s difficult to do from scratch with existing competitors already saturating local markets—but if you wanted to give it a shot anyway, there seems like there would be some decent potential here.
And on top of all that, it seems like a business idea that might be relatively straightforward to manage by yourself; your time investment is mostly tied up in employees rather than customers or suppliers. So if you just want to get your feet wet in business ownership, renting cars might make for a good place to start!
After working on my business ideas I decided that I will open Gymnasium first and then open Real Estate Business later on depending upon income levels of my family which can support me fully while starting new projects ………… KEEP TRUST ON YOURSELF AND DON’T GIVE UP !!! Follow your dreams and become successful !!! Very Good Luck dear friends !
10) YouTube Channel
Turn your passions and skills into a thriving business. Create your own YouTube channel, where you’ll share video content with an audience that wants to learn from you. In addition to creating videos, you can run ads on your videos to make some money. To get started, check out Google’s YouTube Channel Starter Guide . There are also helpful resources available at Video Creators , Creators Lab , and Creator Academy .
When it comes to monetizing, remember that you don’t have to be tied down by digital advertisements. You can diversify your revenue stream by participating in affiliate marketing programs or even selling products or services directly through your videos. Just know that if you sell products or services, there may be specific legal requirements you need to follow so please consult an attorney beforehand.
If you aren’t super tech-savvy (or just don’t want to put in all of that extra effort), there are plenty of businesses looking for individuals with video-making skills who can create content on their behalf—for a fee of course! Sites like Fiverr will connect you with businesses seeking creators like yourself.
Also Read: Business Ideas In India
Conclusion
So many new people are entering into business every day, it’s hard to keep track of them all. There are so many great opportunities out there that we thought we’d take a look at some of them! Here’s a list of ten business ideas that are great to start when you’re just getting started, or even if you already have experience with another idea: #1 Web design and development If you know how to build websites.
Or have basic skills in web design and programming, then you might be able to work as a freelance website developer. The competition is tough out there though, as there are plenty of skilled professionals and businesses who need websites designed and developed on an ongoing basis.
