Top 10 Business Ideas Under 2 Lakhs: Starting your own business can be an exciting and scary prospect at the same time. If you’re reading this, you may be thinking of starting your own business but you don’t know what to do or how to go about it. Maybe you have an idea in mind.
Top 10 Business Ideas Under 2 Lakhs
But aren’t sure how profitable it will be, or if it’s realistic to pull off in such a short time frame. But what if I told you that there are hundreds of potentially profitable business ideas you can start right now with very little money?
1) Here Are 5 Business Ideas That Are Fun
How many times have you said, I’d love to start a business but I don’t know what to do. If you’re like most people who want to be their own boss, you probably feel that way on a regular basis. Well, don’t worry – there are lots of things you can do right now (and cheaply) to get your business idea off and running.
Here are five ideas that are fun and inexpensive You don’t need much money to get started with any of these business ideas. So why not choose one or two that sound appealing to you, give them a shot, and see how they go? In no time at all, they might turn into real businesses with employees and everything! Best of luck!
2) Rent Out Your Space
If you live in a big city or near one, chances are good that you’ve got an extra room to rent out. Use sites like Airbnb or Craigslist to find people who are looking for temporary housing and make some cash by renting out your space. You can earn up to $1,000 a month by renting out an extra room in your home.
Your boarders can even bring their whole families with them as long as they have children (and more guests) of their own. For example, if each adult in a family of 4 brings his or her partner over on alternating weekends, then your space will always be full—even when you’re not around!
Check out Craigslist for available rooms for rent in large cities such as New York City and Chicago. And always take precautions before making strangers stay at your place overnight. After all, you don’t want to become another Craigslist killer. To read about five business ideas under Rs. 5 lakhs, click here.
3) Teach an Online Course
You don’t need the experience to teach an online course; you just need to be passionate about sharing your expertise. You can make money on sites like Udemy, Skillshare, or Teachable. It’s a good idea to review their different course types before getting started so you know what each site specializes in.
For example, if you love public speaking, then Udemy might be a better fit for you than Skillshare—regardless of whether or not teaching others is something you plan on doing professionally. An important thing to note is that these courses are sold independently from either platform.
Your potential students have access to them as well. So, if there’s enough interest in your classes, they may start reaching out to you directly—whether through email or via social media platforms—to set up one-on-one sessions and sign up for group workshops.
And though it requires patience, we think it’s always worth seeing where your passion and skill set align with educational technology trends. Because who knows? Maybe online education is your future. So what do you say? Are you ready to get paid some cash and learn how to start a business? Let’s go!
4) Start A Cupcake Shop
Believe it or not, cupcakes are big business—the United States Cupcake Market was estimated to be worth $2.3 billion in 2013, according to market research firm IBISWorld. The same report also predicted that revenue would increase at an annual rate of 5.9% and come close to $3 billion by 2018.
Starting a cupcake shop is a good way to get into entrepreneurship without having to buy your own retail space (or build it from scratch). And while that might sound like a lot of money upfront, bakery equipment can be very affordable if you’re clever about shopping around and looking for things like used refrigerators and mixers on Craigslist and eBay.
Just remember to factor in start-up costs for ingredients and other expenses like sugar flowers and decorations. If you want more details on how it all works, check out our e-book, Startup Essentials: How To Start A Small Business. It’s completely free!
5) Open An Avocado Stand
Avocados are a fantastic source of healthy fats and now’s as good a time as any to take advantage of that. As avocado production in California has dropped due to drought, prices for avocados have surged over 47% on average between 2014 and 2015. In major cities like Los Angeles, New York City, Chicago, and San Francisco, avocados cost over $1 each.
There’s no such thing as an avocado glut; with only an estimated 1-2 million trees nationwide there’s a healthy supply and constant demand for these creamy fruits. Starting an avocado stand will allow you to capitalize on America’s craving for avocados in a big way! You can grow avocados yourself or buy them from a wholesaler – just make sure to plan well ahead of peak season since it takes a while for plants to produce fruit.
The best time to plant avocado seeds or graft starts is 4-6 months before your region’s peak harvest season – which means if you live near Southern California, you’ll want to order your plants right away! You’ll need permission from your city hall before setting up shop so start planning your little grove today.
Put down a few lines of cement blocks or old furniture and get ready to grow fat off these tasty green gems! So what makes one person decide they can sell food better than another? If they know how?
6) Sell At Farmers Markets
Selling your produce at a farmers market, particularly an outdoor one is a great way to build customer loyalty and have access to some of the freshest produce around. However, because you’re selling directly to customers means you are responsible for storing and preparing all of your products.
If you find yourself with spare time on weekends (this can be difficult when running other errands like laundry), consider trading out business hours for extra time on Sunday mornings to get your products ready. And while it’s tempting to sell only what sells quickly, it’s better in the long run if you stick with your tried-and-true products; otherwise, nobody will know what they can count on from week to week or month to month.
Of course, managing inventory in a start-up is no easy feat—so take careful notes about which items move best and which never seem to catch people’s eyes. This information will come in handy as your product line develops over time!
7) Become A Personal Assistant
If you can get someone to pay you to do personal assistant work, you can begin a business that is completely scalable and based on your available time. Even part-time hours can bring in extra cash when utilized properly. The best way to make money as a personal assistant is to have someone who trusts you and is willing to pay for your help.
It could be family, friends, or local business owners in need of assistance with day-to-day tasks. Keep in mind that like any other small business venture, success will depend on your ability to market yourself and manage customer relationships—not just rely on good intentions. If you’re good at organizing events, vacation planning, or dealing with family dramas, consider starting up as a personal concierge service.
8) Offer Massage Services From Home
Offering services from home is a great way to get started in the business. No matter what type of business you choose, it’s important to understand your potential competitors and do some competitive research. If you plan on offering massage services from home, there are already hundreds of professionals offering similar services in your area—and they can provide valuable insight into how much money you can make and what you might be getting yourself into.
You can also get competitive pricing estimates by posting requests for quotes on websites like Fiverr and Upwork. Knowing your competition is essential to starting any new business venture! Industry-Specific Degrees: Getting an industry-specific degree will give you knowledge and experience specific to your industry, giving you a unique edge when it comes time to find work within that industry.
Many people avoid going back to school out of fear or because they don’t have time; but if done properly, earning an education doesn’t have to stop your career momentum or interfere with everyday life. Take some time researching programs at local colleges and universities or reach out directly to education providers (see if they’ll match) such as EverFi (online) or Mindvalley Academy (in-person). Most education providers offer free trials so don’t hesitate — check them out today!
9) Become A Mobile Repair Person
You don’t need any experience or qualifications to start fixing phones, tablets, PCs, and laptops. You simply need to find customers who will give you business in exchange for your work. Take care of them well and they’ll spread good words about you online – for example on review sites like Checkatrade and Trustpilot. Your income can increase by taking on extra jobs such as data recovery, upgrading computers,
And building computers from scratch. It’s important that you’re reliable and able to provide a quality service every time – otherwise, your business will quickly get a bad reputation. So treat each customer as if they were your only customer – because if they are then things are going great! But how much can you earn?
A mobile repair business could potentially earn around £1,000 per month if you build up enough loyal customers. If you want more info on how to do it then check out our new FREE mini-course: Mobile Phone Repair Training. In it, we’ll teach you exactly what skills and equipment you’ll need, plus show you some proven ways to attract new clients…
The first thing to think about is location: where do people take their broken phones and devices? Where would be best for your shop/store? Once that’s settled it’s all down to buying equipment, marketing yourself online (Google AdWords), getting reviews (on Google My Business), networking with other mobile repair businesses, being visible at tech events, etc.
10) Babysit Other People’s Kids
Babysitting is a great way to make some quick cash in your free time. It’s not uncommon for parents to call you to watch their kids on short notice, so it’s important that you keep yourself available when they need you. To get started, take an informal poll among friends and family members who have children in your area and find out if anyone needs extra help around their house.
Make fliers with your contact information and start passing them out at school or leave them with parents at local supermarkets or parks. Try setting up a formal business schedule with regular hours so that parents can count on when you’ll be available for babysitting services. If there aren’t many potential clients, then offer your babysitting services through word-of-mouth referrals.
Talk to friends and family and ask them if they know of any other families looking for childcare. Be ready to work hard; most families are going to hire someone with experience over someone they don’t know. And make sure you’re comfortable dealing with everything from changing diapers to calming crying babies!
Also Read: Top Business Ideas Under 1 Crore
Conclusion
There are many ways you can make money without a huge investment. If you’re looking for a way to jump into entrepreneurship and not sure where to start, take a look at these ideas first. They might be small and simple, but with a lot of hard work, they can give you what you need to get your career on track. Good luck!
