In today’s world, if you are dynamic, talented and want to make a name for yourself chances are that you may want to start your own business. In biggest economies of the world, more and more people are drawn toward the idea of entrepreneurship but often lack of the knowledge hinders their spirit.
Right skill at right place can do wonders but at wrong place can ultimately lead toward a failure. So if you are looking to start a business with initial investment of rupees 1 lakh to 2 lakh, here is the list of potential business which can be started with low investment –
Table of Contents
- 1 1- Interior Designer
- 2 2- Gym Or Fitness Centre
- 3 3- Jewellery Designer
- 4 4- Courier Company
- 5 5- Fast Food Parlour
- 6 6- Computer Trainer
- 7 7- Real Estate Consultant
- 8 8- Travel Agency
- 9 9- Advertisement Agency
- 10 10- Tuition Class
- 11 11- SEO Consultant
- 12 12- Catering
- 13 13- Online Content Production
- 14 14- Translator
- 15 15- Book Store
- 16 16- Xerox & Book Binding
- 17 17- Wedding Or Occasion Planner
- 18 18- Gift Store
- 19 19- Resale Auto Dealer
- 20 20- Packers & Movers
- 21 There is More, You Would Love to Read —
1- Interior Designer
People these days spend a lot of money on lifestyle, so homes with beautiful interior have become a must. Interior designers are needed to bring the customer desired theme to the house. An interior designer starts earning low but once you have the right clients earning may even approach hundred of thousands per project. Skill required is simple interior designing diploma or knowledge about interior designing. Best thing is that there is no personal investment involved.
2- Gym Or Fitness Centre
In recent year, Fitness awareness has spread like a forest fire and needs for fitness trainer is on sharp upraise. It has spawned a niche of requirements such as gyms, yoga trainer, gym trainers and professional athletes. Hence, if you have an interest in fitness and nutrition then you have a wide array of opportunities in front of you. Skill required is knowledge of fitness, yoga or nutrition. You can also open a small fitness centre at low cost.
3- Jewellery Designer
No matter how costly gold may get, sales of gold in India has never been hindered. This gives an exciting opportunity to jewellery designers. Jewellery designers simply design the jewellery and can sell it to showrooms or directly to buyers. Skills required are knowledge about jewellery designing and even if you don’t know anything about it, you can pursue simple 3 month course. The investment ranges from thousands to lakh but returns are very high too.
4- Courier Company
With emergence of e-commerce in India, logistics industry has observed a very exponential growth and is expected to grow consistently over a next decade or so. Hence, a courier company can be a very lucrative small business. Skills required are management of workers and customer relations. Investment required is a fixed office place which can be rented or purchased as per the convenience.
5- Fast Food Parlour
Wherever you may go you will find fast food parlour everywhere. It is clear that demand for fast food has been on rise for many years. People are always ready to try new variety and tasty food. So if you have interest in cooking or know how to cook some special delicacy then you have a bright future ahead. No substantial investment is required, simply rent a place, choose right theme and menu and you can expect decent earnings in a very short period of time.
6- Computer Trainer
Computer and internet is everywhere we go these days and demands for computer trainers is off the roof. Though the program need varies according to customer’s requirement, the skill required is basic knowledge of computers and investment required is less than 1 lakh. Just assemble few computers and start teaching. This business may have a slow start but has virtually infinite potential.
7- Real Estate Consultant
Increasing population has created a vast need for real estate properties; real estate consultant can earn a commission of about 1% to 2%. Just target the correct area where many real estate transactions are expected to happen such as new residential or commercial building. The investment required is an office, which can be rented easily. Only skill required is good customer relation and sales and you are all set to earn a very high income easily.
8- Travel Agency
Tours and travels are one of the few sectors which have enjoyed a high growth rate for last 5 years. There are many companies in this industry already but there is still a room for more. Best thing is that you can either go for the conventional travel agency or can go for an e-commerce business for the same. Skills required are knowledge of travel and lifestyle. Investment required is low. Hence, it is a very lucrative choice for those who have interest in travel and tourism.
9- Advertisement Agency
Everyday thousands of products are released in the market but we hear only about the ones which were advertised properly. Therefore, a vast need of advertising agencies has come forward. So, if you have an interest in making advertisement and marketing then this business is for you. Skill required is knowledge of marketing and advertisement and invest is fairly low. It is a more of customer relation business and if you have some good contact you can earn a good amount of money too.
10- Tuition Class
Education is one the best sectors in India; it has been an always expanding demand and future looks bright too. So, if you were good in your grades and want to earn some pocket money tuition classes is the job for you. But if you are good at it, you can continue to teach tuition as your mainstream business as well. Skill required is knowledge of subject you want to teach. Best thing here is that you don’t need an investment, you can start with simple home tuitions and if it works out for you, you can get your own space as well.
11- SEO Consultant
In this era of e-commerce many websites are registered every day but only a few survive the crucial first few months. This happens because they are not able to bring much traffic to their website. This is where SEO consultants come into the picture. A Search engine optimization consultant brings traffic to the website. A simple course for few months is all you need. There is no particular skill required, you simply have to learn the trade and excel in it and no personal investment is required.
In India, celebrations and festivals are scattered all around the year and obviously one thing in need is a caterer. Caterers can earn very handsome amount of money in festive seasons. So if you like to cook or can just handle some bunch of cooks then this can be your business. Investment is low and skill required is simple management.
13- Online Content Production
Vast number of blog and websites on internet require a lot of content to be uploaded. Usually bloggers and website hire freelancer writer or online content production firms to do the job. So if you enjoy writing online, content production can be your business. A skill required is creative writing and no investment is required.
With rise of globalisation there also have been a rise in requirements of translator, you can easily find some work with either a private firm or government firm. So, if you know any foreign language or have interest in learning foreign languages, freelance translator is perfect for you. A skill required is simple knowledge of a foreign language.
15- Book Store
Education and books is an ever expanding niche and India’s biggest e-commerce also started as an online book store. Hence, potential for book store is high, just target right area or even better start an online store. Skill requirement is simple management and marketing, Investment is about 1 to 2 lakhs but risk factor is low so investment is not an issue.
16- Xerox & Book Binding
Xerox and book binder may not sound a lucrative business but actually Xerox and binders earn a very handsome amount of money. Especially in college and school areas daily sales can be in range of few thousand to even lakhs. So, you don’t need special skills. There is some investment of couple of lakhs but if you are in the right place, you can recover this investment in few months.
17- Wedding Or Occasion Planner
With India’s huge festive culture comes a vast opportunity for event organisers. An event organiser simply manages all the aspects of the event from starting to the end. The event organisers are paid a very generous amount and as you grow in the trade earning can quickly rise from thousand to lakhs. An event organizer does require exceptional management skills, should know how to work under tight deadlines but if you have done fest management in your college or schools that should not be a problem. There is no investment required, you complete the project and you fulfil your end and you get paid. Simple isn’t it.
18- Gift Store
Birthdays, anniversaries or any occasion calls for a gift and value of custom made gifts are very higher. If you are active in art or like creative work, this is a definitely job for you. You can work as a freelancer with any gifting franchise or can sell it over the internet via Amazon or eBay. The skill required here is creativity and art. The investment required is very less. Usually you simply make gift on a pre specified instruction and paid in advance.
19- Resale Auto Dealer
Auto sector in country may be slowing down but rise of auto resale is at its all time high. Resale auto dealers earn a decent amount of commission over every transaction. So if you think you are an effective salesman think about being resale auto dealer. Skills required are simple sales and knowledge of cars. Investment is not required, just find seller and buyer, make a successful transaction and you will earn hefty commissions.
20- Packers & Movers
Moving from one place to another can be a nightmare, packing whole house or office can get real tedious. This is where movers and packers come into the picture. A mover and packer simply help in moving from one place to another and are paid for this. Though it’s a bit laborious process but earnings are good. So, if you can simply pack and move things become a mover and packer.
Though a start up may sound difficult and may require a lot of hard work and dedications but results are also appreciable. The freedom to work anytime, earning huge profit once your business becomes successful are some of the few benefits of having your own business. It is important that you select the right idea according to your personal interest and skill and in few years you can be owner of a successful enterprise.