Business Ideas In India Under 10 lakhs: Starting your own business can be an exciting, yet intimidating task. The number of available business ideas you can pursue is virtually endless, but that’s also part of the problem — so many options can be overwhelming and make the decision-making process all the more challenging.
Business Ideas In India Under 10 lakhs
That’s why we’ve put together this list of business ideas you can start in India with less than 10 lakhs (or about $15,000) to help you narrow down your search.
1) Subscription Model For Small Businesses
Subscription models are one of those great business ideas that strike both fear and jealousy into an entrepreneur’s heart. After all, what could be easier than selling someone else’s stuff and charging them a recurring fee? This doesn’t just apply to apps like Birchbox, it can even apply to physical goods.
You can partner with businesses or organizations that already have expertise in creating a compelling recurring product or service—whether it be a shaving subscription service or dog food delivery—and work with them to expand their offering. And remember: Starting small is always better when you’re trying out new things. If you start small, and your product takes off, you can always scale up later on!
2) Convert Your Hobby Into A Money Making Profession
This can be one of your best business ideas because you’re passionate about it. First and foremost, confirm whether there’s a market for your hobby. Is there any demand for what you’re good at? If so, how much money are people willing to pay? Set up a website or Facebook page that reflects your passion and start connecting with other hobbyists and potential clients.
The web is an excellent place to start spreading word about your passion-based business. Run some Google Adwords campaigns or display adverts on Facebook and Twitter. You don’t need too many clients in order to make profits from your favourite pastime. Build long-term relationships with them by selling value rather than services – offering free advice, networking events, workshops etc.
Over time you could establish yourself as an authority figure in your niche. Use social media tools such as LinkedIn to network with industry professionals who may want to hire someone like you for their company’s projects.
3) An Online Store Is Not That Hard To Build
It sounds counterintuitive, but putting up an online store that’s easy to set up is actually one of the most straightforward business ideas in India. All you need is a website, a payment gateway and a reliable logistics partner to ship your products across various parts of India.
It doesn’t hurt if you have knowledge of e-commerce sites like Shopify or even have some prior experience in retail or in working with a third-party logistics provider like FedEx or Blue Dart. While building an online store isn’t as simple as throwing some pictures together and slapping on an order button, it can certainly be done within days rather than weeks or months. It all depends on how fast you want to get started!
4) Make People Talk About You Using Social Media Marketing
We are social creatures and there’s a reason why we have multiple modes of communication available to us. Don’t underestimate your influence on social media—you can easily get people talking about you through these simple channels, thereby increasing brand awareness and making a name for yourself.
When looking at business ideas in India, think social media marketing and branding. Consider: Start a Facebook or Twitter contest using a hashtag that’ll spread like wildfire; get influencers to take pictures with your product/service; do something unique (and fun) that gets people talking about you and sharing it with their friends (and followers). Social media marketing is an easy way to reach out to prospective customers in an interesting and original way.
5) Get Paid To Do What You Like
While it might seem like common sense, you’d be surprised by how many people forget to apply their skills to things they already enjoy. If you have a knack for writing, why not leverage that skill and write a part-time freelance column? Or if you do graphic design, maybe there’s an opportunity to break into that field while working on client projects.
If you work in retail, perhaps your company has a collaborative project coming up with another company—offer your help! Flexibility is key when it comes to any gig. Make sure you speak up if you notice areas of improvement where you can contribute more fully or lend advice based on past experience.
It never hurts to ask! To learn about other easy money making opportunities available now check out our post How To Make Easy Money Doing Anything With 5 Hacks You Probably Haven’t Tried Before Get Paid To Be Yourself: Depending on what type of personality you have, we think marketing could be fun.
Whether it’s having conversations at networking events or even just pitching ideas via email, we believe every entrepreneur should learn how to market themselves as a brand as early as possible in their career.
6) Crowdfunding – Turn Crowd Funding Into A Livelihood Option
Crowdfunding websites allow a creative person to share their work and ideas with an audience. If people like what they see, they can choose to donate money and support a new project or idea. If you’re in creative field, consider exploring a crowdfunding website as an option to get your next big project off of ground.
There are many platforms available, including Kickstarter and IndieGoGo, that focus on different kinds of projects; pick one based on your background or skillset. You might just end up with a cool new hobby (and money for future projects).
That’s it! That’s all we have in our Best Of… articles series. Hopefully, you got something out of these useful information pieces. Leave us a comment below and let us know if there is anything else you would want us to cover at Fossbytes?
7) Sell Products From Some Of The Biggest Brands
If you want to create a business that does well, it’s always a good idea to look for brands that are already in successful. Get their contact details and reach out about potentially becoming an affiliate. The key is to talk about your experience, what you’ve done, and how your product will appeal to their audience.
Don’t focus on how much money you can make! You want them to like you so they’ll be willing to pay for your ideas. Once you’ve partnered with big brands, don’t be afraid to ask them if they have any tips or advice for new entrepreneurs looking at launching a new business of their own. You might find some valuable information along the way and pick up on something no one else is telling you!
8) Ride The Mobile Ad Wave For Maximum Profits
Mobile ad revenues are slated to rise from $16 billion in 2014 to $48 billion by 2018, according to eMarketer. While that’s a huge amount of money, mobile ads should be a major component of your marketing mix for several reasons: Mobile use is growing quickly.
Today 53% of all Internet usage comes from mobile devices, and Google says nearly 50% of searches in its AdWords platform are performed on a mobile device. If you aren’t yet running mobile ads on your site, there’s no time like now to get started—and if you already have an online business and you’re not investing heavily in mobile advertising right now (or at all), it’s time to start.
9) Offer Home And Office Removals As A Service
You could begin by offering to help your friends move from one home to another or from one office to another. This will give you an idea of how much time and effort it takes to move someone, which will help you estimate how much you will charge when you start doing removals professionally.
What’s more, because your friends know and trust you, they’ll feel comfortable telling you if they notice any damaged items or outstanding belongings that need extra attention during packing. All these insights can be used to improve your service offerings and enhance customer satisfaction levels.
If there are things in their homes they don’t want anymore, offer to take them away for free—just remember to sort out what is junk and what is actually worth selling or donating first!
10) Start A Tutoring Business At Home For International Students
If you’re planning on making money as a tutor, it’s important to make sure that you have a positive, supportive environment at home. This can be tricky if your family doesn’t fully support your decision to become a tutor—or worse, if they see it as something less than desirable. Be up front with them about your goals and why you want to start tutoring and make sure they are on board before getting started.
When working with families of students who live overseas, try to get parents involved in organizing drop-off times and making pick-up plans for their child; make communication an integral part of your business model from day one. After all, regular updates not only keep everyone informed but also ensure that everyone knows what to expect.
Make sure to schedule check-ins regularly so that students feel like their concerns are heard and addressed. That way, when things go wrong or there is a conflict between work schedules and family time, you will already have systems in place for these instances instead of scrambling to come up with solutions on short notice.
Creating transparency throughout all facets of your tutoring business will create trust among your clients—trust being one of the most valuable commodities when running any type of small business successfully!
Also Read: Business Ideas In India For Students
Conclusion
Starting a business, especially for your first time, can be difficult and overwhelming. But if you have an idea that can generate sustainable income, and you’re willing to work hard, it is entirely possible to launch a successful venture while keeping costs low.
Now that you have a better idea of how much things cost in India, and what kinds of opportunities are available, feel free to visit our Startup Guide , where we outline other details such as registering your business and marketing yourself effectively. Good luck!
