Top Business Ideas Under 1 Crore: Do you want to start your own business but don’t have any capital? Well, you are not alone. A lot of people want to be entrepreneurs but they don’t have the capital to start their dream business idea. If you fall in this category, here are some great business ideas that you can start with very little money.
Top Business Ideas Under 1 Crore
Become a Life Insurance Agent
If you love to deal with people and are good at sales, becoming a life insurance agent might be a great way to make money while helping others. Like many other business opportunities, though, becoming an agent is more of an entrepreneurial path than a guaranteed paycheck.
You’ll have to sell life insurance policies to interested clients in order to pay your own salary—and there’s no guarantee that you’ll land any clients at all. This isn’t for everyone, but if it’s for you, it could be well worth your time. And it doesn’t take long to get certified.
Become an Online Tutor
The tutoring industry is booming, with students using it to prepare for SATs and other standardized tests, high school and college entrance exams, and even English-language proficiency exams. Tutors can earn as much as $25 an hour depending on where they live (and sometimes who they know). In addition to local tutoring opportunities, new companies like Varsity Tutors connect aspiring tutors with a growing number of remote clients via online video.
According to one recent study, online tutoring can also be a good side business idea for accountants who are looking to make some extra cash — it’s a great opportunity for tax accountants in particular! Just make sure you understand your taxes so you don’t get into trouble with your accountant.
If you want to give it a shot, definitely check out Lynda’s tutorial here. She explains how she uses Skype, Zoom, and Yahoo classroom (among others) for different aspects of her business. It’s very insightful if you want to try being an online tutor yourself!
Be a Wedding Planner
While you may think that planning a wedding would be out of your budget, I’ve found a few great business ideas that won’t break your bank account. Whether you want to do it for fun or profit, here are some awesome wedding business ideas. Wedding Planner: As a professional wedding planner, you will help brides with their big day.
Whether it’s selecting vendors, organizing logistics on-site, or providing emotional support throughout, a good wedding planner can work wonders behind the scenes. You’ll handle everything from vendor selection and location scouting to making sure your client stays within her budget – and has an amazing time doing so! You could start as part of an established team or find clients through referrals from venues and other industry professionals.
What you need: A true passion for weddings is key – at least three years in event planning experience and expertise in specific services like floral design or catering is ideal too (hint – charge more if you have these credentials). In terms of business savvy, most days running a small business means saying no when other opportunities arise.
Start a Fashion Accessories Business
If you love fashion, you’re already starting to think about all of your upcoming spring outfits. And why not turn that passion into an exciting business idea? For a business that can cost as little as ₹30,000 (or $500), you can open a retail store or online shop for handmade items.
If sewing isn’t your forte, there are plenty of one-time tools and other resources that can help you with production. You could also consider partnering with some more experienced entrepreneurs if you don’t have time to create everything on your own—just like these two women who launched an accessories line in India.
And Europe! Just be sure to keep inventory low and costs relatively high when you first start out so that it takes longer for your customers to get tired of what you offer; otherwise, they may move onto another small business right away. And if things really take off? Congratulations: You just hit 5 figures!
Start a Chai Cart
Think of a chai cart as a kind of retro-style food truck that serves tea. Why would you need one? Think about India: most Indians will have some tea, usually chai, with every meal they eat. It’s common to sit down at street-side chai ka dhabas (teahouses) and sip away while you eat or chat with friends.
If you have an entrepreneurial spirit and are looking for an idea to get started, look no further than starting your own Chai Cart! Note: We recommend looking into local laws concerning selling on streets and checking out what types of permits may be required for your city before committing too much money to start up. There’s a lot more paperwork involved than just throwing open shop in Manhattan.
The good news is that these carts can range in cost from $4,000 – $8,000 depending on whether you make it yourself or buy it pre-made from companies like ChaiHooChaa (which makes great carts). Further cost savings can be achieved by using non-electric-based carts if you’re able to park outside designated areas since most cities aren’t equipped for electric wiring.
However, unless there’s enough foot traffic around I’d suggest making sure your area is prepared to deal with something like a Chai Cart burning coal without permission before investing any time or money into it.
Start a Caterer Business
If you have a flair for cooking and know how to throw a party, starting a catering business may be a great way to turn your passion into profit. In addition to having your own cooking wares, many cities require you to be licensed. Check with your local government or chamber of commerce for specifics in your area.
If you’re already a well-known chef, expanding into catering can be lucrative—especially if you plan events around major holidays and offer specials (that could potentially lead people away from their regular caterers). According to one survey conducted by Party Pros, 39 percent of American adults have hosted or attended at least one party within 12 months of being surveyed.
Become an Interior Designer
Becoming an interior designer can be a lucrative side hustle. However, it requires more than just an eye for design. To get started as a freelance interior designer in your area, you’ll need to be able to land clients and have a portfolio of prior work that showcases your talents.
If you want to go down the independent consultant route, you’ll also need skills in sales and marketing. And real estate is another popular field: You can see if there is demand for an independent home design consultant in your area by starting with some basic market research and meeting with potential clients. Do keep in mind that being an interior designer is a competitive field and hard work will be necessary to make money doing it.
There are already plenty of designers out there looking for jobs. I suggest browsing Interior-Design-Colleges, which has hundreds of schools ranked based on their name, address, tuition fees, and more.
Respectively, instead, use Colleges (without capital letters). This is not only good practice but technically correct; school names are not proper nouns unless specifically named after someone. Their name has been corrected. Please fix grammar mistakes according to the reference which was provided (Interior Design Colleges Ranking). Thanks!
Create Your Own Book Cover Design Company
If you want to start a creative or artistic business, create your own book cover design company. This is becoming popular because many self-published authors don’t have time or access to good design for their book covers. Designing professional-looking book covers require both artistic and technical skills—good designers need a good sense of composition and must be skilled in Adobe programs like Photoshop. If you can do that (or know someone who can), you’re in for a great year! But it’s not just about designing books for other people, either; you can also take freelance projects doing any kind of design work, from logos to brochures to banners to 3D packaging and everything in between.
Start a Clothes Hiring Service
In today’s world, access to cheap and fast fashion is becoming a reality. E-commerce websites are making it easy for companies and customers alike to buy clothes online. But while e-tailers like Flipkart and Amazon are making it easier for everyone to shop, they’re also putting small retail shops out of business. In fact, even large department stores like Jumbo and Central are struggling to keep their doors open. One way around all these problems is starting your own clothes-hiring service – because only you get paid (upfront) for items that are returned.
Create Ecommerce Templates for Small Businesses
You don’t need much technical knowledge to create eCommerce templates for small businesses. If you have some experience in design, though, it will help you get a better idea of what your target customers are looking for. Luckily, creating websites is one of those things that anyone can do if they put their mind to it.
These days there are so many free resources and video tutorials out there that teach newbies everything they need to know about HTML, CSS, and all kinds of other coding languages. After a few days spent learning how to use Photoshop or GIMP (free software).
Anyone can start putting together eCommerce templates without too much trouble. And once you get started designing professionally, it’s easy to make more money as your portfolio grows in size and quality.
Also Read: How We Earn Money Online At Home By Typing
Conclusion
Which business should I start? Choosing a venture to embark on can be daunting for anybody. The competition is fierce, which makes it necessary for you to choose a segment that is highly lucrative and growing at a fast pace. Some fields are definitely more lucrative than others and if you want to succeed as soon as possible, you will have to become an expert in your niche.
In such circumstances, it is wise not to limit yourself by starting off with too small of an idea. If a million-dollar idea lands in your lap, there’s no way you would say no, right? There are tons of opportunities out there waiting for you. All that remains is for you to start looking.
