Top 2 to 3 Lakhs Business Ideas: Starting your own business can be an exciting and fulfilling experience, but it also has its risks. You’re putting yourself out there in a big way, so it’s important to take your time when deciding what you want to do with your entrepreneurial journey.
Top 2 to 3 Lakhs Business Ideas
The following are Top low-cost, high-profit business ideas that won’t break the bank but will still give you plenty of opportunities to make money from day one.
1) Antique Business
If you love antique shopping and want to turn it into a business, hit flea markets and swap meets on weekends or after work hours. If you’re up for a bigger challenge, try buying damaged furniture at auction houses in your area—these places often sell items below value due to damage. Fix them up and then resell them on sites like eBay or Craigslist, where there’s more demand. It’s harder than it sounds.
You have to be smart about estimating costs (taking into account shipping) and making sure everything is properly insured. But with some work, you can start a side hustle selling old-school home decor without breaking your budget (or your back). See how one woman earns $5,000 a month as an online vintage dealer here.
2) Selling Services on Fiverr
A buyer’s market exists for services on Fiverr because there are so many freelancers selling for as little as $5. But just like any marketplace, it’s up to you to ensure your profile is standing out from all of these options. In order to succeed on Fiverr, create a detailed About Me section that shows potential clients why they should hire you and not one of your competitors.
Offer freebies with every purchase in order to be at an advantage over other sellers (i.e., 5 free Facebook cover photo uploads if someone buys your logo design package). Prove that you’re serious about your business by having reliable reviews and testimonials backing up your work. And, of course, make sure your service offerings are competitively priced.
3) Product Photography
If you’re particularly skilled with cameras and have an eye for design, you can make money by offering your services as a product photographer. There are countless platforms through which you can do this, but one of our favorites is SmugMug. As their site describes: Create a free portfolio at SmugMug and start selling your images today! You’ll earn 35 percent of every sale they help you make—that’s like getting paid to tell people how talented you are!
If you don’t want to sell online yourself, consider building a following on Instagram or Pinterest instead; both sites have very active communities that buy products directly from photographers who promote them. For example, fashion blogger Susie Lau has used her Instagram account (@mylittlesis) to market her photography skills (and her personal style) and has cultivated more than 100k followers in less than two years. It’s easy to work that pays off in spades if you have a talent for it.
4) Flyer Distribution Service
Most people don’t have time to write down every flyer they see or make a note of where they saw it. And often, when you finally do have time to go out and buy your favorite new product or service, you may find that it has already sold out. These are problems you can solve by distributing flyers in your community. For a small fee, you could be putting flyers under windshield wipers and beside front doors in your neighborhood.
It’s possible that more than half of your customers will never put an advertisement through their mailbox; these are potential sales for any local business! If you’re going to take on clients outside your immediate area, however, be sure to read up on rules regarding junk mail distribution before getting started. (You’ll also want to look into legal requirements if you plan on selling products online.) The first step is writing a good description of what kind of work you offer.
A few ways you might frame your flyer distribution services: If there’s one thing we all have too much of around our house, it’s junk mail. Why not help keep our neighborhoods looking clean and green? I offer my clients fast delivery of custom-printed materials—no matter how many flyers need the delivery. If I’m not delivering your message door-to-door today, I’m likely busy somewhere else doing just that!
5) Bookkeeping Services
Bookkeeping services are easy and profitable businesses to start and don’t require a lot of startup capital. Bookkeepers may specialize in corporate bookkeeping or personal bookkeeping, depending on their skills. Either way, they often charge by the hour (around $50–$80) or by the project (e.g., I’ll do your books for six months at $1,500 per month). You can also add other value-added services like consultations on payroll or accounting software, based on their experience with such matters.
Over time, it’s natural to become more focused—for example, transitioning from clients in need of general help to those who have specific questions about taxes in their business fields. This specialization makes you an even more valuable resource to existing clients and gives you new opportunities with additional ones. For instance, if you find that many of your clients own similar businesses, you might be able to create seminars or workshops specifically geared toward them—or position yourself as a consultant.
In addition to helping individual businesses get organized, bookkeeping services can assist larger companies with regulatory compliance issues; keeping track of changes in regulations related to financials is one part of what keeps CFOs up at night! As long as people continue doing business and paying bills by check, there will always be a need for someone else to handle these details.
6) Event Planning Services
Many companies and people host regular events. Event planning services specialize in helping them create and manage their event. If you’re interested in event planning as a business idea, it helps to think about why someone would pay you to help them plan an event.
What is it about your service that will bring value to their organizing efforts? Is it your ability to help pull together all of the elements of an event so they don’t have to? Or is it that you do all of their legwork for them, from finding vendors and artisans, creating invitations and maps, planning food menus, and more?
7) Florist Business
If you have green fingers and enjoy working with flowers, then floristry may be a business you could start from home. Depending on your location, there’s likely to be a high demand for floral arrangements at wedding venues, particularly during peak seasons. You could also consider setting up a flower stall at local events or markets. A well-established florist business can easily generate annual revenues of $50,000 or more.
If you want to give it a try check out these tips for starting an online flower delivery business. And if you need help coming up with an idea for a small business in general, we’ve got plenty of them here. E-commerce store: Starting an e-commerce store is another great way to sell products and services that appeal to customers all over the world.
If you’re selling something tangible like clothing or jewelry, you’ll need to purchase inventory upfront—but if you’re selling digital products like ebooks and courses, then inventory isn’t required (you only need enough capital to cover your expenses). In fact, creating an e-commerce store is one of our top 3 recommended ways to make money online—especially if what you’re selling is information products (like ebooks) that will never go out of style!
8) Garden Maintenance Services
This service is a big hit in Western countries and will be equally popular in India. It’s a low-cost business that can also give you a great return on investment if done well. You don’t need to hire any experts—just research basic tools and techniques of gardening, spend some time in your neighbor’s garden (and ask them what they prefer), and then keep asking people if they need their gardens maintained.
Once you’ve built up enough trust and regular customers, hire someone to help you out so that you can scale up your services with ease. If you want to learn more about starting a gardening business, check out how Kalki Subramaniam went from rags to riches by doing just that!
You could also consider starting an online website where users can buy products related to gardening. The best part? With Amazon and Flipkart coming up with same-day delivery services in major cities across India, it won’t take long for you to become a market leader in your area!
9) Tuition Classes
Parents spend more than $500 billion annually to put their kids through college. Many of them would love to get a piece of that pie by teaching high school or university classes part-time, which can be a great way to make some extra cash in your free time. Contract with local schools and education centers, where you’ll need to develop your own curriculum for these classes—do some research on what’s already being taught in your field. Working as a private tutor is also an option: Students hire tutors as needed, so there’s plenty of part-time work available.
For example, if you’re fluent in Spanish and English, set up shop offering language lessons online. You’ll need to set up a website where students can book lessons; then advertise your services on social media platforms like Facebook and Twitter. Another option is to do something similar through LinkedIn: Make sure it’s clear that you’re offering professional development advice rather than actually teaching classes, though.
10) Working as a Virtual Assistant
As technology continues to make it easier and more efficient for companies and individuals to work virtually, virtual assistants (VAs) are in higher demand than ever. As a VA, you can help someone set up a personal or professional online presence—or help them run their social media accounts.
And if you can create strong ties with these clients, there’s no limit to how far your business can go. Check out sites like TaskRabbit or Zirtual to get started as a VA. It might be just what you need to get over that six-figure hump.
Also Read: 10 Best Business Under 2 Lakh in Village
To make a living as an entrepreneur, you need to be creative and come up with new ideas for products and services that people want. Since there are millions of products out there, it’s difficult to predict what will take off next or which business model will be most successful.
To minimize your risk, try looking at other businesses in your industry; then think about ways you can do things differently or cheaper than they do. Get funding when possible (from family and friends first). Focus on growth above profit and don’t give up too soon! Good luck!