Get the top 10 home business ideas under 1 lakh. The complete guide to making money online.
Top 10 Home Businesses Under 1 Lakh: Starting a business can seem like an uphill struggle, but it doesn’t have to be! You don’t need to be an expert in order to start your own company, you just need the right information and the drive to succeed.
Top 10 Home Business Under 1 Lakh
That’s why we’ve compiled this list of the top 10 home businesses under 1 lakh, to help you find your perfect fit! These options all require very little startup cost, can be run from home, and require very little investment of time each day.
1) List Building
If you are starting a business, consider getting a list of people who are likely to be interested in your product or service. These people can become customers or potential customers. Then, when you make contact with them, they will recognize your name and maybe more inclined to listen to what you have to say. Additionally, these people may refer friends and family members who are also likely to be interested in your product or service.
Getting lists of people’s names is not illegal, but buying mailing lists from outside companies is often fraudulent because it includes people who haven’t asked for information about your products or services; thus, it is not permission-based marketing. You should get permission directly from individuals before sending them any information about your company.
You might offer something valuable, such as a free report or free newsletter subscription in exchange for their email address. Once you have their email address, you can send them regular updates on new products and special offers that might interest them. This type of direct mail is called permission-based marketing because each individual has given his or her explicit permission to receive mailings from your company.
2) Consulting
You don’t need to start a business—or even leave your house—to make some extra cash. Consulting lets you work with businesses on an as-needed basis, helping with strategy, planning, marketing, and other needs. If you have experience in accounting or finance, consulting can be a great way to put those skills to use while making some of your money work for you.
As an added bonus, sometimes organizations retain consultants without hiring them full time (which means they aren’t counted in your employee headcount), so if you help out a lot, it might not hurt your chances of getting hired at that company later down the road. You can also consult remotely from home which makes it pretty flexible and convenient. According to one consultant we talked to, it’s like having another part-time job where I get paid hourly instead of salary.
3) Web Development
If you’re looking to create a business that allows you flexibility, look no further than web development. As an independent developer, you can work when and where you want. You’ll also have a huge audience of potential clients: Websites are a cornerstone of any business (including yours).
So knowing how to create, maintain and optimize them is crucial to success. For beginners, tools like Wix make it easy to get started without a lot of experience. And if you do decide to go for something more advanced, sites like Treehouse or CodeAcademy will help you learn on your own time.
4) Affiliate Marketing
Affiliate marketing is when you earn a commission by promoting someone else’s product. Some of the most popular ways to do affiliate marketing online include promoting another blogger’s products, reviewing items on your own site, placing banner ads and text links in your articles, or writing reviews for products on retailer sites (like Amazon). You can also use social media platforms like Facebook or Twitter to promote affiliate offers if you’re comfortable using those channels.
No matter what platform you choose for an affiliate marketing strategy, remember that it should complement your other content because affiliates will not want to work with brands that don’t integrate their values. But again, start small with an audience you know and trust. Or read a book on how to become an affiliate marketer! Check out Affiliate Marketing: The Ultimate Beginner’s Guide to Making Money Online Through Affiliate Marketing by Nina Willard.
5) Freelancing
If you’re serious about starting a business from home, you might want to consider dropshipping. With dropshipping, there are no upfront costs for stock or space for storing products—you don’t even have to deal with receiving and shipping products. You simply choose a product that fits your niche and reach out to companies who can make it for you (and then store and ship them when someone buys them). If you’re starting a beauty-products shop, try contacting Sephora directly if they don’t already sell your type of product.
You could also reach out to makeup artists on Instagram who offers freelance services; they might be willing to partner with you on their existing online store or sell their items through yours. Once you find a supplier, set up an account on Shopify and reach out to influencers in your niche to promote your new business. Influencers tend to trust other influencers more than big brands will trust smaller ones, so reaching out over social media is often easier than approaching an established company.
6) Dropshipping
If you’re looking to start a business online and aren’t exactly sure where to begin, dropshipping may be your best bet. In fact, according to Statistic Brain Research Institute, 36% of all small businesses in 2015 sold products online using a dropshipping model. With so many sellers making money on dropshipping alone, it’s no wonder that every day more and more people are starting businesses through their own dropship wholesale websites. But why do so many people choose to dropship as their business model?
There are several reasons for that. First, it is easy to set up. Second, there is little capital required. Third, anyone can get started with a few clicks of a button. And fourth, there is very little risk involved when compared with other business models out there today. To learn more about how to make money dropshipping and how you can use dropshipping to start your own home-based business under 1 lakh rupees read our guide here: The Top 10 Home Businesses Under 1 Lakh Rupees .
7) Offline Marketing
Offline marketing is really important for small businesses because most people don’t discover them online. If you want to become a successful business, then you have to be more visible to people in your area. These are just some of the tactics used by businesses when reaching out to customers offline: *Flyers – Flyers are great for getting a message out in an inexpensive way and are perfect for targeting specific neighborhoods and areas.
This can be done at local schools, libraries, community centers, or anywhere that will let you hang flyers up. *Advertisement on Radio/TV – Get your business name out there by advertising on radio or TV (depending on how much you can afford). This may cost a bit upfront but if it helps attract new customers, it’s definitely worth it.
8) YouTube Channel/Vlogging
These days, it’s far more common for YouTube stars to be earning six- or even seven-figure incomes from their channel activity. You can also make money from a YouTube channel without generating tons of views. In fact, you can earn up to $2 per month per subscriber through paid sponsorships and brand deals with YouTube. Check out our post on how to make money from YouTube for more details.
If you’re just looking to generate some extra income as a side project, vlogging might be your best bet; it certainly is mine! I’ve made thousands of dollars by creating fun video content that my target audience wants to see. And while there are many time-consuming ways to monetize a YouTube channel, one option I like in particular is using affiliate links in your video descriptions (for example, if you mention a product in passing).
That way when viewers click through and buy something from that company’s website, you’ll get a commission on those sales. It takes time to build up an audience to be able to make consistent money from your videos—but once you have one, these additional sources of revenue will start flowing in with very little work on your part.
9) Fulfillment by Amazon (FBA)
Amazon has been taking over business-to-consumer sales with its fulfillment by Amazon program. FBA allows sellers to ship products directly to Amazon, which then stores them and ships them out when an order is placed. It’s a service used by millions of sellers and provides an excellent eCommerce back end for anyone who wants to start a home business selling just about anything. You can use Amazon as your sole online storefront or in conjunction with your existing website—the choice is yours.
Make sure you get paid promptly: With FBA, it’s easy to set up an automatic payment so you get paid as soon as possible for each sale that Amazon fulfills for you. If you don’t have a PayPal account, sign up for one; they make it easy to accept credit card payments on your site (and they pay higher rates than other payment processors). And remember that while Amazon takes care of storage and shipping costs associated with fulfilling orders through FBA, you will still need to cover all other aspects of running a business.
For example, if someone returns an item you sold through FBA, you will be responsible for either refunding them or sending them another product. If something goes wrong with one of your products, like a defective part or poor quality control on packaging (like missing labels), Amazon will send customers back to you.
10) Online Courses/E-books
In today’s world, e-books and online courses are some of the best ways to share your knowledge, serve as an expert in your field, and get paid. It can be a quick way to create a revenue stream on the side. If you have experience in any of these areas: accounting, marketing, management, or general business operations; look into starting a course at sites like Udemy or teaching through platforms like CreativeLive.
You may also want to consider creating an info product (ebook/guide) for your audience that ties into your services offered; by doing so you’ll increase search engine optimization and give yourself a valuable asset for prospective clients/employers – people love digital products because they can consume them anytime/anywhere!
Also Read: Best 1 Lakh Rupees Investment Business in Pakistan
Conclusion
Start a home business and be your own boss! It will bring more stability to your financial future, as well as make you more independent. A successful home-based business venture can also enable you to live a much less stressful lifestyle and even enjoy more free time with family. If running your own show sounds like something you’d enjoy, check out our list of home businesses under Rs. 1 lakh below.
We hope it helps you find an idea that suits your personality and goals. Good luck! It is important to do proper research before starting any new business because it requires dedication and patience. Make sure that you have a good amount of capital saved up before launching any new venture; at least enough money for six months’ worth of expenses.
The majority of home businesses are launched in part-time hours so there is no need to quit your job right away if you don’t want to. However, if you plan on working full-time for yourself then it is best to have another source of income lined up before taking on too many risks by quitting your day job all at once.
