In this article, we’ve talked about the top small business ideas in India that you can use to kickstart your business journey. Mark your presence amongst the leading startup ecosystem with your business now.

Owning a business gives you the independence and freedom to be your boss in establishing an empire from scratch. In India, the startup wave that started in 2014 has been ebbing its way back into the startup ecosystem. 

The government has been emphasizing the power of business and encouraging individuals to start their own business through their luring Startup India Scheme & Stand Up India Scheme. Here are some of the best 36 small business ideas in India that can be implemented to commence on their entrepreneurial journey.

The definition of the best business in India is very subjective and depends on a lot of underlying conditions of the market, demography, and demand. For example, a photo studio will flourish in a city like Mumbai and Delhi, where models are always looking for photographers to create portfolios. However, having a studio in a village might only have a limited crowd coming to you.

Best Business in India – The Wedding Industry

India, being a land of rich and diverse culture, is home to over thousands of unique best business in India. The number 1 best business in India will be anything related to weddings.

The Indian wedding industry is seen with a projected annual market growth rate of 25-30%.

And why wouldn’t it? We all know that ‘big fat Indian weddings form the crux of showing off our traditions.

You can start a wedding consultancy or a wedding planning company that will serve you like the best business in India with infinite growth in the future.

Best Business in India – Renewable Energy Industry

Renewable energy has become an essential element necessary to sustain a normal human life, especially with the decreasing amount of crude oil sources and rising air pollution.

India alone has witnessed the worse Air Quality Index in states like Delhi falling even under the hazardous AQI.

Note: The AQI went as high as 490 amongst some portions of North India in November.

Currently, 63% of India’s energy requirements are fulfilled from coal.

However, shifting our energy consumption patterns towards renewable energy resources can help reduce our air pollution by a massive percentage.

Some of the best business ideas in India that offer high growth in the renewable energy market are:

• Solar energy
• Waste-to-power energy
• Wind Energy

Legal Process of Starting a Small Business in India

Now that we’ve done the brainstorming on your behalf, its time for you to shortlist the best small scale business ideas to establish your ultimate small business in India.

Business ideas in India with low investment require to go through the same legal process to get started with their venture.

Let’s read about the legal process of starting a small business in India and its steps:

Step #1: Incorporate your business

Incorporate or register your business as the right type of business entity, be it,

• Proprietorship
• One Person Company
• Partnership
• Limited Liability Company
• Private Limited Company
• Public Limited Company

Step #2: Sign Documents

Sign all the necessary documents, including the founder’s documents that include the duties and responsibilities of a founder towards his business.

Step #3: Obtain Necessary Registrations and Licenses

Obtain all the required registrations and licenses from the government authorities for the legal functioning of a business, like,

• Value Added Tax (VAT)
• Employees’ Provident Fund Organization
• Permanent Account Number (PAN) 
• Taxation Account Number (TAN) 
• Professional Tax Registration
• Employees’ Insurance (ESIC)

Step #4: Trademarking 

One needs to trademark his business’ logos and words that help protect a business against misappropriation and duplication.

Step #5: Prepare Accounts and Taxation Systems

Set up your accounts and taxation systems with your CA or yourself so that all your business transactions are fulfilled smoothly.

36 Best Small Business Ideas in India with Little to Zero Investment

Here are some creative and innovative small business ideas in India that you can make use of to start your startup or even as a side hustle for accumulating wealth for your larger business at a later stage:

Top 36 Small Business Ideas in India:

1. Blogging

One cannot overemphasize enough on how blogging is the number one way to start earning online with zero to low investment and unlimited earning potential.

What you’ll do:

• Write consistent, high-quality content
• Stick to your niche
• Create SEO-friendly articles to increase traffic
• Get paid via AdSense, promotions, and collaborations

Taking blogging as a business ideas in India can fetch you up to Rs 756k per month.

2. Affiliate Marketing

Affiliate marketing is one of the growing fields amongst our internet generation that enables users to earn commission by marketing or selling some other site’s product on their blog or website.

What you’ll do:

• Promote other’s products/services on your website or YouTube channel
• Get paid your % of the share for each product/service purchased via your link
• Get paid your % of the share for CPA (Cost Per Action) affiliate programs

Taking affiliate marketing as small business ideas can fetch you Rs 50k plus per month.

3. Virtual Assistant

Various companies like Amazon and eBay are on a constant hunt to hire virtual assistants to help them out with providing technical and manual support to their customers.

What you’ll do:

• Answer simple customer queries
• Perform minor tasks
• Get paid on an hourly, weekly or monthly base

Having virtual assistance as the best business in India, you can typically earn up to Rs 4k per hour.

4. Courier Service

A courier service primarily just means picking and dropping off parcels from one place to another, which requires a vehicle to pick and drop the item.

What you’ll do:

• Pick up parcels
• Drop off parcels to the location
• Get paid according to the courier services offered

Having small business ideas of courier services can fetch you around Rs 25k to Rs 50k average.

5. Social Media Manager

There are a few essential elements about social media managing that you need to understand, which can quickly be done via Google. Start managing social media handles for companies and individuals as your side hustle.

What you’ll do:

• Create engaging content for social media handles
• Be updated with the latest social media trends
• Add relevant hashtags 
• Increase following and reach of the social media handles
• Interact with the potential customers on DM

As a social media manager, small business ideas in India can fetch you around Rs 50k per month.

6. Online Tutor

Multiple platforms offer online tutoring jobs to individuals in their desired niche. Online tutoring can pay anywhere between $5 per hour to $60 per hour.

What you’ll do:

• Conduct online classes on Skype/Facetime
• Get paid by your student on an hourly basis

As an online tutor, you can earn up to Rs 70k per month, depending on your subject and class.

7. Online Course

Prepare an easy to comprehend and visually appealing online course in your particular niche, be it learning the basics of photography, how to write an essay for school, etc. and spread the word for its promotions.

What you’ll do:

• Create an informative online course using video, audio & comprehensible content
• Promote online course via ads or affiliate marketing
• Gain passive income through subscribers

Having a successful online course can fetch you up to Rs 10 lakh, making it the best business in India.

8. Event Planner

Individuals holding experience in event planning through their volunteering experience or even if you have an active organization and communication skills, you can try your luck at event planning.

What you’ll do:

• Find event gigs
• Plan and organize the event
• Coordinate between the caterers, organizers and everyone in between
• Manage the budget
• Hire volunteers and team

On average, an event planner can earn around Rs 50k, being small business ideas in India.

9. Makeup Artist

This one goes a bit higher in investment, but the returns are limitless. If you have the skills or have learned makeup professionally, you can be a fulltime makeup artist with a rising return rate with each session.

What you’ll do:

• Expand your network
• Propose different makeup schemes
• Do makeup for different occasions and according to the client’s requirements

Depending on the number of clients you get each month, as the best small business ideas in India, you earn up to Rs 20k from each client.

10. YouTube

Start your own YouTube channel in your niche, be it fashion, vlogging, travel, tech, etc. and to start earning higher rewards with the ads as the views rise.

What you’ll do:

• Create consistent, high-quality content
• Create engaging videos
• Interact with your following on social media
• Work on collaborations, promotions and sponsored content

You can earn up to Rs 1.5 lakh to Rs 2 lakh monthly as a YouTuber.

11. Photography

Have a professional DSLR camera and know all about the photo editing softwares? Start building portfolios for aspiring models and cover events in return for a decent profit margin.

What you’ll do:

• Join photography clubs
• Build a network
• Work for gigs
• Create portfolios

Being another one of the best business in India, you can earn anything between Rs 50k to Rs 1.5 lakhs per month.

12. Dog Walker

Who doesn’t love dos? Imagine getting paid to walk someone’s dogs and work on your side hustle while playing with the furry little adorable creatures.

What you’ll do:

• Walk and play with cute dogs in return for cash. How cool is that!

As a dog walker, you can earn up to Rs 20k per month.

13. Warehouse for Ecommerce sites

If you hold a decent sized garage or some spare space available with you, you can use it as a warehouse for ecommerce websites to store their products.

What you’ll do:

• Allow ecommerce sites to store their stuff in your spare space
• Wait for your monthly warehouse rent

Having a warehouse for eCommerce can fetch you up to Rs 1 lakh per month as small business ideas in India.

14. Airbnb

Have an extra room in your apartment or an extra apartment all by itself why not put it up on Airbnb that can help you accumulate some extra cash from the rent collected.

What you’ll do:

• Rent your space on Airbnb
• Answer questions by potential customers
• Be a host for your guests (no compulsion)
• Get paid from Airbnb

Depending on the location and services provided in your guest house, you earn anything from Rs 30k to Rs 1 lakh from your Airbnb.

15. Travel Agency

If you hold the capabilities to plan the perfect vacation along with the best accommodation and services in the given budget, starting a travel agency can be a great business idea in India for you.

What you’ll do:

• Plan and curate travel packages according to customer needs
• Fit customer needs within the budget
• Book tickets and hotels for customer

As a travel agent, you can earn up to Rs 50k in offseason and much more during seasons.

16. Online Bakery

If you enjoy baking and want to build your first business around it, you can start a baking business online where you can customize the pricing of the items according to the item specifications.

What you’ll do:

• Create your offline bakery products
• Build your online menu
• Receive orders
• Deliver orders

As an online baker, you can earn anything from Rs 20k to Rs 80k per month.

17. Ghostwriting

Ghostwriting is more of a full-time work but works based on projects. If you belong to the writing industry, you can write novels as a ghostwriter for other individuals while minting thousands of dollars from a single project.

What you’ll do:

• Write a biography or story from a person’s narration
• Get paid project-wise

As a ghostwriter, projects can fetch you anything from Rs 50k to Rs 2 lakh per project.

18. Freelance Writer

Websites like Upwork , Freelancer & Guru offer freelance writers an opportunity to bid on projects online and work independently as a writer. 

What you’ll do:

• Work on selected articles
• Pick your flexible work hours
• Work with people from around the world

Freelance writing is one of the best small business ideas in India that can fetch you up to Rs 1 lakh per month.

19. Proofreading

If you hold outstanding English proficiency, gaining a proofreading job can be an easy job to work at.

What you’ll do:

• Edit articles for accuracy
• Correct spelling and other grammatical mistakes in the article
• Alter article language according to readability

As a proofreader, you can earn up to Rs 50k per month.

20. Resume Builder

Professionals and college graduates often hire resume builders for reasonable prices that help them create the perfect resume to ace in a job selection procedure.

What you’ll do:

• Build customizable resumes for your clients according to their requirements

Individuals holding expertise in resume building are often paid up to Rs 1500 per resume.

21. Logo Designer

If you hold the basic designing skills and have created logos for specific organizations earlier, start an online logo designing business today.

What you’ll do:

• Create logo designs for organizations
• Fit into their logo requirement
• Edit the logo using software

You can earn up to Rs 50k per logo as a logo designer.

22. Web Designer

Web designing is one field that has seen a rising demand since the start of the internet and has a high demand for employment of talents.

What you’ll do:

• Create a website layout
• Build website functionality using technology
• Design navigational elements
• Pick the right graphics, colors, schemes, font, etc.
• Update the website according to client need

Web designers can earn up to Rs 20k to Rs 50k per project, working as a small business in India.

23. Graphic Designer

A graphic designer can work independently on desired products and pick the best projects from recommendations or online platforms.

What you’ll do:

• Develop product layout
• Build color scheme
• Create required sketches for clients
• Design logos
• Design brochures
• Curate magazine content
• Edit creative videos

Graphic designers usually earn up to Rs 20k to Rs 50k per project.

24. Online Store

Open up an online store on social media platforms or stores that allow users to open up their online stores like Shopify  and start selling your merchandise/products. 

What you’ll do:

• Build your online store 
• Communicate with potential customers
• Receive payments
• deliver the products via courier service

An online store holds great potential to multiply your earnings with every sale that’s made.

25. Tour Guide

Become a tour guide of your local area and show your city to travelers coming from different countries.

What you’ll do:

• Build tour guide groups
• Show around your region to the stories
• Explain the historical significance of the city
•  Visit tourist attractions

Targetting the right kind of audience can etch you anything from Rs 15k to Rs 50k as a tour guide.

26. Translator

Translators are high in demand as there is always the need to communicate with the traders of the foreign country. 

What you’ll do:

• Translate content for organizations
• Act as a mediator for communication between organizations

You can earn Rs 25k per month on an average as a translator.

27. Consultancy Services

You can start a home-based consultancy service for your clients or another company’s clients. It has gained popularity amongst recent years to be one of the top small business ideas in India.

What you’ll do:

• Advice companies in your niche expertise
• Implement a process or organizational structure in which the client lacks experience
• Gain commission if results produced from advice

As a consultant, you can earn up to Rs 5k per hour to provide your consultancy services.

28. Coaching Classes

You can also start a tutoring/coaching class for school students or college students, depending on your educational qualifications and your teaching methods.

What you’ll do:

• Conduct coaching classes on your subject
• Take classes in batches
• Get paid monthly

You can earn up to Rs 30-70k from coaching classes.

29. Soft Skills Training

Various corporates and colleges are emphasizing on the need for soft skills to lead a successful career. Build on developing leadership skills and organize soft skills training for teams and individuals.

What you’ll do:

• Organize soft skills sessions
• Organize workshops for clients
• Organize seminars for increasing soft skills awareness

As a soft skills trainer, you can earn up to Rs 20k for each session.

30. Custom T-Shirt Seller

You can start up a customer t-shirt designing and selling service where you can print the designed desired by your client on a t-shirt and sell it for profit in return for your assistance.

What you’ll do:

• Imprint customer’s design on t-shirts
• Courier the orders

You can easily earn up to Rs 50-70k per month by being a customized T-Shirt seller.

31. Ecommerce Reseller

Websites like Amazon and eBay allow you to purchase and resell goods and items online. Buy items on sale and sell at MRP.

What you’ll do:

• Purchase products in bulk or on sale
• Resell at MRP or lesser discount

You can earn Rs 60k per month on an average as an ecommerce reselling small business ideas.

32. Second-hand goods seller

We all have a bunch of junk just resting in our house. Accumulate all the worthy items and sell them on online platforms like eBay and Olx.

What you’ll do:

• Sell your old products online
• Sell someone else’s old products online for a commission

Your earning as a second-hand goods seller depends on what items you sell. Items like cars and electronics hold larger margins than clothes and accessories.

33. Tiffin Service

The food industry is undoubtedly the most profitable business line. You can start your tiffin service for college going people and make 100% use of your kitchen in building limitless profits.

What you’ll do:

• Cook food yourself or with your team daily
• Pack the tiffin boxes
• Get the tiffins delivered

Having small business ideas of tiffin service can fetch you up to Rs 30k per month.

34. Antique Refurbishing

If you love collecting antiques, you would be having a decent knowledge about maintaining them. Use your secrets and skills and build an antique refurbishing business.

What you’ll do:

• Clean antiques via tools
• Refurbish antiques
• Get paid for your services

As an antique refurbisher, you can earn up to Rs 30-50k per month.

35. Yoga Classes

Are you a yoga enthusiast? Collect your team of clients and teach yoga to them. It is not necessary to have a place to start your yoga classes. They can easily be carried out in public parks and gardens.

What you’ll do:

• Conduct yoga sessions according to batches
• Organize yoga sessions in organizations

Having small business ideas like that of a yoga instructor can earn you anything from Rs 15k to Rs 50k per month.

36. Dance Instructor

Become a part-time dance instructor and teach your hippest moves to individuals of all age groups. Not only will it serve as a side business, but it’ll also benefit you by keeping you fit.

What you’ll do:

• Build your batch
• Teach new choreographies
• Build dance coordination amongst the batch

Dance instructors usually charge a monthly fee of Rs 1k to Rs 3k per student, which can fetch you Rs 20k to Rs 40k.

Top Small Business in India

India, being a developing economy, has some thriving small business in India that manages to bring income to many rising households.

Some of the top small business in India are:

• Mobile/DTH recharge shops
• Breakfast joints
• Tuition center
• Tailoring
• Street bookstalls

New Business Ideas in India with Low Investment

Some of the new business ideas in India with low investment given below would have never even been imagined by the masses a decade ago.

Technology has given rise to some of the latest new business ideas in India with low investment which are:

• YouTube Channels
• Blogging
• Online Bakery
• Online Courses

Note: We’ve elaborated upon the given ideas in the article below.

Best Profitable Business India

Here we’ve mentioned some of the best profitable business in India along with their ROI and minimum investment amount.

– Incense Stick Manufacturing

India is home to over 70% of Hindus, who practice their traditional Pooja each day.

• Min Inv: Rs 5 lakhs for producing around 2.25 lakh packets
• Net Profit: 7.11%
• ROI: 30.94% per annum

– Property Management

Property management, due to the rising prices of properties, is one of the best profitable business India.

• Min Inv: Rs 3 lakhs
• Gross Profit: up to 50%

– Online Ads Service

The demand for online ads is at a rise in the booming IT sector in our digital age. 

• Min Inv: Rs 3 lakhs
• Gross Profit: 20%
• Min time for parity: 1 year

Start your side hustle or take the first step to initiate your more significant business realities with any of these top small business ideas in India. Additionally, the majority of these small business ideas idea require zero to no initial investment and mint money limitlessly. 

Why look for small business ideas?

We are a part of a gig economy that functions on businesses participating in fulfilling the demands of the market all the time. There are many individuals, alongside the ones with zero to low business influence, who want to enter the world business but do not have a high budget at hand. In this article, we have mentioned all the small business ideas that you can make use of if you want to start a business of your own at a small level.

Small business ideas require a lower investment amount and can yield great profits over the years with expansion. Here are some of the tips that you must keep in mind while looking to establish new business ideas:

• Don’t invest your entire savings: We motivate individuals to start businesses with small business ideas, but that must not mean that you invest 100% of your savings into starting your new business ideas. If you feel that you’re short on cash and the only way for you to start a business is by investing your entire savings into it, consider taking a loan from the bank instead. 
• Take guidance from a mentor: Whenever you go pursue a different path, you must consider taking guidance from a mentor. A mentor is a trusted & experienced advisor that helps guide their mentee into building a thriving business of their own. However, be careful while looking for a mentor and choose the one that can be trusted 100%. If you’re looking to build the best business in India, try joining for mentorship programs through sites like LinkedIn.
• Learn to handle business finances beforehand: Finances govern the profits and strategy used to reach the break-even point in a business. Learn and study the taxes and other provisions about a company to understand the underlying accounting and other fundamentals of a business. You can, however, hire a professional accountant at a later stage to handle that, but you also must have a basic understanding of the same. 
• Research the market: Whatever small business ideas you’re looking to bring to life, you must ensure that you are bringing forth the best product or business in the field by studying the competition and other market factors that can affect your business at any stage. New business ideas help bring forth innovative methods to meet a consumer’s demands while standing out through creative techniques.

Best Business in India: What to look for in 2020?

While there are many scenarios that can help you build the best business in India in your own niche, currently, the COVID-19 pandemic has caused the things to go haywire. Now, all the businesses that were flourishing have come to a standstill with the imposed lockdown. However, despite having to face the atrocities of the global economic slowdown, India still has chances of recovering, despite being a developing economy with the help of healthcare, pharmaceutical, IT, and sustainable development industries. There are many factors that shape the business landscape in India, like government policies, international trade, cost of labor, etc. 

The pandemic has raised several questions that have changed our perspective towards building a business. We believe, given the current situation, the best business in India that would not only serve humanity but would also help in creating wealth is in the healthcare niche. New business ideas that help provide disruptive solutions to the Coronavirus problems have been given a platform by the Startup India, to tackle the issues better. 

Note: Keeping in mind the high-profit margins and the high demand, the healthcare industry has the potential of generating the best business in India. 

Questions of the Curious:

1. Is Yourstory among the best business in India?

Talking about the best small business in India, Yourstory doesn’t necessarily fit into the category of a ‘small business’. You’ll require a large capital along with a large team to build a platform like Yourstory. While one can build a great and thriving business using similar strategies, it can be an overall much more hectic task in comparison to the ideas for best business in India mentioned in this article.

2. How to know the business idea insight for establishing the best business in India?

Once you’ve decided on what industry you need to focus on while building the best business in India for you, there are multiple ways of gaining business idea insight on the same. One of the best ways to research and gain a deep understanding of your market is by gaining access to business insights from your potential future competitors. 

Some of the popular ways to know your business idea insight are:

• Through Crunchbase
• Via AngelNetwork
• Through World Market Intelligence, etc.

3. Is Quora an Indian business?

No, Quora is not an Indian business. Quora, owned by Quora Inc., is a California-based internet question and answer website that is edited and written by internet users. It is a collaborative platform where users can either share opinions or share information. The company was first founded in June 2009 and was made available for the public in June 2010. 

4. How are china brands selling in India?

China is one of the largest exporter of goods worldwide. Major business relies on china brands to make sales in their businesses. From clothes to shoes to electronics, today, china brands manufactures and exports every kind of commodity to other countries. However, china brands also hold a reputation of being non-durable goods amongst the general public. 

Some commodities that are imported in large amounts from china brands are: 

• Apparel
• Glassware
• Stationery
• Electronic items, etc.

5. Best Small Business Ideas in India?

All in all, these were the best small business ideas in India, which you can start with little or no investment. While talking about the best business in India that you can start with a low investment include any service or product that you can provide online like blogging, affiliate marketing, virtual assistance, online tutoring, online courses, and so on. 

Remember, to build on a business idea in India; you need to ensure:

• All the legal formalities are fulfilled
• You have the minimum capital required for business
• You maintain consistency
• Build networks 

6. What is the best business in India for high profits?

If you’re looking to build the best business in India for high profits, you can start an incense stick manufacturing business, bus service site, shoe wash company, event management, housekeeping service for hotels, or a real estate and property management. While some of these businesses like incense stick manufacturing and bus service site require low investment, others might require it a higher investment.

7. What are the best business ideas in India?

Looking at future business prospects that can be very successful, you can try on some of the best business ideas in India in 2020 like manufacturing pollution masks, mobile app creation, chemist shops and clinics, jewelry shop, reusable energy, or 3D Printing. 

8. Is YouTube one of the best business in India?

YouTube offers a great business opportunity of creating unique content and start earning by gaining following and views on the videos on the platform. YouTube is one of the best business in India if you’re a passionate content creator and believe that you can help and reach out to a suitable audience with your content, be it educational or entertainment, it can serve as a great source of earning money online.

9. What are the most successful small business ideas in India?

Other than the top 36 small business ideas in India that we’ve provided in the text given above, these are some other small business ideas in India that would serve as a successful business if handled well. Some profitable small businesses that can work for you are catering services, business consulting, cleaning services, website designer, tax preparation & bookkeeping, or online tutoring. 

On the other hand, if you want to start a sturdy business involving manual labor-management, you can start business ideas in India like courier service, makeup artist, warehouse, bakery, tour guide, consultancy service, and much more. Other than that, as mentioned above, you can also go for the best business in India that churn massive profits like incense stick manufacturing, property management, online ad services, and event management. 

10. What industry will boom in 2020?

India’s path through economic transformation has turned it into one of the fastest-growing economies in the world. Its vast and rising population is its greatest strength and will quadruple GDP and propel India into a league of emerging economies over the next decade. All this because a billion could be turned into active labor.

A. Information Technology

The IT business has been the sunshine industry of India for quite some time now. The industry has made a considerable contribution to turning India’s reputation from a slow, emerging nation to a regional leader in delivering world-class development solutions. Industry analysts and NASSCOM predict that India’s IT workforce will cross 30 million by 2020, being the largest employer in the industry. That would be combined with a gradual rise in wages in the already high-base market. The outsourcing business, too, is looking to India and is projected to be a $2.5 billion market over the next 24 months.

B. Telecom Industry

India’s telecommunications story is just getting stronger. According to Zinnov’s figures, India now has approximately 850 million cell phone users, with a 15 percent smartphone penetration. The Telecom Regulatory Authority of India (TRAI) is also planning a 10-fold rise in broadband subscriptions to 100 million by 2020. Outsourcing revenues from the telecommunications market, as per E&Y, are expected to rise from 31 percent to almost $2 billion in 2020.

C. Healthcare Industry

The Indian healthcare industry also has advantages over other developing countries in becoming a global hub for medical tourism. The medical treatment and educational services in India are a fraction of the cost in developed countries. While we may lag in molecule development and drug patents, and increasing disposable income has led to strong domestic market potential in India. This will result in significant employment generation across various functions, such as sales, marketing, HR, IT, and operations, within the industry.

D. Infrastructure

Infrastructure development in India has been explosive over the last decade. Currently, we are the fourth largest and potentially the second fastest developing country, with infrastructure being one of the main pillars. However, whether it is roads and highways, rail, transportation, transport, electricity, power or oil & gas, the Indian Government and the different state governments seem to be making rapid progress. This has contributed to a large generation of jobs, but most of them are still in the unorganized sector.

11. What business can I do with 20k?

Entrepreneurship has become a familiar concept these days. This has become a matter for recent college students, who are preparing or are in the process of beginning their own company. People mostly believe that you need a massive amount of money to start any company. Yet the truth is, opening and operating a company is all about knowledge, hard work, and commitment. And that’s why you can launch a good company with your tiny savings like Rs. 20,000.

A. Digital Marketing

Digital marketing, one of the most challenging tools, provides various possibilities for business and employment. If you’re involved in web marketing and digital design, that’s the area you’re searching for. You only need a laptop to operate on, and mobile with an internet connection to communicate with your customers.

B. Handcrafted Products

Did you realize that people pay decent money for handmade cards, showpieces, jewelry? You don’t even need 10,000 to launch this one; you can begin from your home with a few customers. When you have the expertise, you can develop and place your company on the market.

C. Daycare Service

With the parents occupied in their work and jobs, the children are left alone at home. In this case, parents are searching for a program that caters to children and their interests regularly. Firstly, you may launch it at home. Talk to your neighbors; demonstrate to them that you can pay a small fee to look after their babies. Targeting children between 1 and 3 years of age, as the number of children grows, can take place in the area.

D. Tutorial Classes

No matter your gender, it’s another revenue-generating company that you can operate as part-time or full-time depending on your convenience. Find the subject you’re involved in, or where you’re a master and start teaching. Parents are also looking for opportunities where their children can study well and continue to progress in their academic careers. And, you’re going to offer them the remedy at some pre-defined cost.

E. Coffee Shop

Starting a coffee shop is going to cost very little. The most significant aspect here is your commitment to the pleasure of your clients. When a consumer loves the product, they’re likely to refer others to your store, because that’s how you build your client base. Of course, the position of your shop is also significant. Attempt finding it in or around the office park, or in a section of town with plenty of tourists.

12. What industries are dying?

A. Independent Car Dealership

Electric cars need much less operation than combustion engines. Customers can tailor their orders through online self-service solutions. Manufacturers are getting becoming more flexible with the way they manufacture their goods. You would soon be able to plan, warrant, and accept fulfillment with limited interference from the dealership.

B. Accountancy

Anything that can be transmitted into a mechanism that is controlled and standardized can vanish into AI. Even a high-volume tax analyst or corporate finance person will give his best advice and would be succeeded by an even smarter AI over the next ten years.

C. Transport

It’s not just the car movement that’s going to be impacted. No matter how many cars President Trump sends to the White House lawn, those positions are gone. The whole field of warehousing, distribution, transportation, and supply chain is at the maximum power of digital transformation.

13. What are the most successful small business ideas?

There are multiple small business ideas that can fetch you large profits in the longer run. Some of the most successful small business ideas include:

• Website design
• Business consulting
• Tax preparation and bookkeeping
• Courier services
• Online tutoring
• Real estate brokering
• Logo design
• Property maintenance
• Warehouse storage

14. What are the easiest small business ideas?

The easiest small business ideas that you can go for while starting a new business, especially as a beginner, would be to start a service-based business instead of starting a product-based business. A service business is a business where you sell services to your clients and get paid in return for those services. To put it in simpler words, you sell your skill, labour, and expertise instead of goods or products to run your business. 

15. Which small business ideas have the highest profit margin?

As discussed in the article above, starting an incense stick manufacturing business can fetch you multitudes of profit by investing a very small amount of money on its production. The minimum investment requirement for an incense manufacturing business is around Rs 5 lakhs for producing 2.25 lakh packets which fetches you a profit of 7.11% with a 30.94% Return on Investment per annum.

16. What small business ideas can be started with zero investment?

If you’re holding back from starting a business because you don’t have the kind of money required for investment, then these small business ideas can be of great help to you as you require zero pennies to start them. Some small business ideas that can be started with zero investment are:

• Freelance writing
• Social media consultant
• Web designing
• Graphic designer
• SEO consultant
• Business coach
• App development
• Online retailer

Note: You can easily start these businesses with zero investment. However, once the business starts to grow, boosting it with some amount of investment can do wonders for your business.