Top 7 Low Investment Business Ideas With High Profit
Starting your own business can be an overwhelming task. Yet, not following the daily and monotonous 9-5 office routine anymore and making all decisions yourself is one of the world’s best feelings. However, not everyone is able to fulfill the dream of running a business, generally due to insufficient funds. But not anymore! With several low investment business ideas, which also yield good profits, you can now start your own business and turn your passion into a profession.
Let’s take a look at the most profitable low investment business ideas in India.
Dropshipping is one of the most successful small business ideas these days. It is a retail fulfillment method where you can open an online store but without storing any inventory. Thus, you don’t invest a penny in inventory and can start a business with limited funds.
Whenever the store makes a sale, the product is purchased from a third-party and directly shipped to the customer. Simply put, you make a sale, pass the order to the supplier, and he ships it to the customer on your behalf. Thereby, you don’t have to store or handle the inventory. It saves your time as well as money.
The products can be curated from more than one supplier. However, it is suggested you first order a sample product from the supplier to ensure he is reliable and that the products’ quality fits the online store.
With the dropshipping model, you don’t need to focus on buying or storing inventory. You can concentrate entirely on the marketing of the online store and customer service. Notably, your store’s trustworthiness will depend on the quality you offer and the order fulfillment strategy you adopt. You must keep a check on both to ensure business success.
It is a low-investment business idea through which you can also test the market and find out the best one before investing in your own products and launching them.
Being one of India’s fastest-growing markets, starting a business in the courier industry is yet another low-cost business idea with high profit. A recent shift in the eCommerce industry has inevitably helped the courier service business to grow at an incredible rate.
At the place of starting the business right from scratch, which might cost a lot, you can consider taking a franchise from a well-established courier company. Many reputed courier companies are offering their franchise at a minimal price. Besides, you would also get access to their technology-related infrastructure and training and development.
The online food business is one of the most popular and profitable businesses in India. And bakeries are quite popular as well. If baking is your cup of tea, you can consider starting a bakery and encash by sharing homemade recipes. The best thing about this low investment business is that you can start it from your kitchen itself. And all you need is an oven and ingredients!
Cakes are an integral part of all the celebrations. But, you can consider selling other baked items as well, like different types of bread, muffins, cookies, and pizza, etc. It is not just a unique business idea, but a profitable one as well!
While companies like Ovenfresh took many years of hard work to reach where they are today, many business owners are able to raise numbers in just a few months by taking their business online. Just register the bakery on various online food delivery platforms to increase the reach.
Online Fashion Boutique
With people becoming more fashion-conscious, the fashion and lifestyle industry in India is on a surge. India’s online fashion trade is expected to grow up to $14 billion by the end of 2020. Therefore, an online fashion boutique is one such small profitable business idea that you can consider.
You necessarily don’t need to be a fashion designer but a fashion lover. Make money by selling your sense of style online! It is very simple to open an online fashion boutique. It can be started at home. You can curate the items from different vendors into your online store (using the dropshipping model). Or design and produce in-house. Choose a niche and create a brand.
From dresses to accessories and footwear to jewelry, build your brand around single or multiple product niches. Notably, the quality of the products, customer service, and fulfillment strategies will play a significant role here.
Sell a Service
With a service-based business, your time is the inventory. It is your most significant investment, as well. What you need to get going with this business idea is to have a skill that is in demand and can be useful for others.
Writing, blogging, web designing, photography, fitness training, and calligraphy are some such skills around which you can start a business. You can register yourself with the various freelance marketplaces to increase the chances of getting discovered by the people who require your skills. Besides, your social media handles can help you the best in marketing and spreading the word around.
Social Media Agency
In the digital age and cut-throat competition, almost all companies want to market their products digitally. They are willing to spend big budgets on advertising through various digital channels and paid social media posts and campaigns.
Running a social media agency can be a brilliant small business idea if you have a sound knowledge of marketing, branding, communication, social media, and web presence management. You can start your business venture to help other companies establish a robust digital presence.
All that you require is a few computers, skilled professionals, and an office to start with.
The internet and advent of technology have opened the doors for artisans to broaden their horizons by going from artists to professionals. Unlike retail stores that acquire their products from multiple sources, handcrafted businesses produce products in-house. Their primary focus is on providing a personal touch to the consumers that no other businesses can.
Whether you make candles, soaps, pottery, and even sauces, you are in a position to start a unique business. Here, the product development and procurement are in your hands, quite literally.
For instance, candles are no more used just during a power cut. Now, they are more of a home decor item and are widely used as gifts for different occasions as well. Consumers want to buy candles in various fragrances. They like to buy unique and customized products. Similar is the case with other items.
You can either start with a small batch or on a pre-order basis until you generate consistent sales.
The Final Say
India is the third-largest start-up center in the world. Over 1300 new start-ups, including 7 unicorns, were added in the year 2019 in India. The data shows the willingness of the people in India to start their own businesses.
With the low investment and high-profit business ideas, you can also consider starting your start-up. All that requires is a solid idea. And if executed well, you can be an owner of a successful business.