Best Low-cost Business Ideas in India
The following are the Best Low-Cost Business Ideas You Can Start in India:
1.Food truck
Food trucks are one of India’s fastest-growing enterprises. Food trucks provide opportunities for people wishing to enter the low-cost, high-returns company. Given their growing popularity among urban populations nowadays. As retail costs rise, this is a very profitable enterprise.
2. Tour guide.
This is a no-investment solution in which you only need to spend quality time to begin earning. Can focus on school excursions, college trips, and tourist trips, which may require you to not only make all of the arrangements for the trip but also direct them through it as the leader of the pack. Because the entire business may be conducted online, there is no additional start-up expense to consider, other than possibly maintaining a travel-guide website for your potential clientele.
3. Mobile recharging shop.
Even with internet recharge, most Indian mobile customers choose to fill their balance at a recharge shop. Those interested in starting this business can do so by renting a spot in a small local shop. This rent will be the main (monthly) expense. You should also establish relationships with the area’s network providers, such as Airtel, Vodafone, Idea, and so on, and negotiate commission rates in which they will earn a portion of your revenues from the sale of the goods purchased from them. If you start with a modest rental option, you will make a bigger profit.
4. Tuition Center
This business is likely one of the most affordable to start because it requires very little initial investment. The majority of private tutors hold classes in their own homes, cutting out costs for rent and supplies. All you have to do as a private tutor is promote yourself on social media or stick to traditional methods like distributing flyers and relying on referrals.
5. Tailoring unit.
As the population grows, there is a greater need for created and bespoke clothes. You may simply start a tailoring business with very little money. If you start the service in your house, the cost of the machine will only be considered, which will also be less than Rs 10 thousand/-.
6. Online Bakery
Are you a cook or do you enjoy cooking? Then you may establish a low-cost home-based bakery and sell your products using online delivery applications such as Swiggy, Zomato, and Uber Eats.
7. Vlogging (youtube channel)
YouTube is a hotspot for creative and skilled individuals seeking high returns on a small investment. YouTube allows users to create independent channels and submit videos for free. It even compensates YouTubers with successful channels.
8. Event and Wedding Management
Event managers seldom spend time in the office. They excel in networking and management, visiting hundreds of locations, meeting sponsors, scheduling shows, and staying on the field at all times. On that premise, their demand is driven by their brand image and popularity, which may be enhanced by an effective web marketing campaign. However, the entire initial cost for developing this brand is little, if at all.
9. Tea Stall
80% of Indians enjoy tea and consume an average of three cups each day, so if you have a tiny seat or a roadside, you may simply begin. Many truck-based tea merchants are also popping up. While the tea business as a whole has performed admirably over the years, smaller tea stall owners have reaped the rewards of their larger success. Aside from a baseline budget for renting a small room or booth for space, the only additional expenditure required is purchasing tea from the producer and temporary seats and tables.
10. Dance/Music School
The only investment required to establish a dance or music school is leasing space. Aside from that, the business relies on their ability as a teacher as well as their active participation in reputable circuits. As the company expands, it may need to put aside funds for the pay of an assistant or associate, but in the early stages, the key is to ensure that enough people promote your school to potential pupils.