If you want to start your own business in India, now is the best time to do it. There’s no point getting confused over what Industry or business you should choose. Every business comes with its own set of challenges. It is all about making your idea work by overcoming roadblocks. So, make sure to select an area you’re passionate about and have the zeal to get successful in it.
However, starting a business still needs a lot of confidence and determination. So, be sure about your idea before starting your entrepreneurial journey.
To make things easier for you, our experts here at India Tech Desk have compiled a list of 5 low investment but highly profitable business ideas you can use right now.
Low-Cost Businesses You Can Launch Today
1. Screen Guards and tempered glass
Smartphone penetration in India is increasing at an exponential pace. There are many smartphone brands out there. You can take advantage of this phenomenal growth of mobile phones by starting a screen guards and tempered glass manufacturing business.
You need to invest in a screen guard/ tempered glass manufacturing machine, plastic or glass raw material, a computer, and packaging material. With an earning potential of Rs 4-5 lakh per month, this business idea needs an initial investment of just around Rs 1.25 lakh. Once you’ve got the machine, the ongoing monthly expenses are quite low. You can sell your screen guards to wholesalers, retailers as well as online.
2. Manufacturing Paper Plates
With the recent plastic ban across many states in India, paper plate manufacturing has become a lucrative business idea for budding entrepreneurs. It’s only a matter of time when plastic plates have to be replaced entirely in all over India with biodegradable alternatives. That’s the time when small businesses, roadside stalls, and restaurants will start looking for affordable options. You can fill this gap by manufacturing and supplying cheap and eco-friendly paper plates and generate some passive income.
3. Mobile Advertising Agency for Small Businesses
Smartphone usage in India is very high, and it will only go up in the future. That’s a perfect business opportunity for people who know online advertising and marketing. By providing mobile advertising services to small business owners, who do not have time and knowledge to do this, you can generate huge income without any substantial investment. This business would help small business owners attract potential customers more easily and efficiently than conventional media.
4. Online Print Store
Online businesses are on the rise these days. They do not require a huge upfront investment, and the kind of flexibility they offer is simply unparalleled. An online print store is one such profitable business idea. All you need to do is choose products that are in high demand and have a good profit margin. You may opt for online and offline marketing to boost your sales and create brand awareness.
5. WiFi Internet Solutions Provider
As the Indian government has started a lot of initiatives to provide internet access across the country, there’s a huge growth potential for companies specializing in WiFi installation services.
Smartphones have become faster and cheaper than ever before, and there’s a growing demand for the internet everywhere. You can start these services with a small investment in buying internet WiFi supplies. Then, you can approach malls and other high traffic areas to set up WiFi hotspots.
These are some of the most promising, low investment business ideas in India right now. So, what are you waiting for? Launch your business today. Who knows, you might be the next unicorn startup of India. For more such articles, follow us on Facebook, Twitter, and LinkedIn or subscribe to our newsletter.