10 Best Business Ideas That You Can Start Under 5 Lakhs Investment
Business is one thing in today’s world which if implemented properly can earn you lot of profits. The most important aspect of any business is the business idea and the capital investment. Although many people come up with different ideas but they usually lack the capital. This the primary reason where they fail to establish a successful business.
Moreover, business gives you the sole authority to operate rather than executing someone else’s orders. If you want to start a business under 5 lakhs investment then you have come to right place. Today, I will share some profitable business ideas under 5 lakhs investment which you can start now.
One bonus business idea apart from 10 ideas which is given below is “ LED interior decorative light production business “. This is very hot business in the market as of now in the year 2021. You can start production of LED decorative lights with very minimum investment. Various light fixture to be used in interior decoration are
- Wireless smart flush light mount LED ceiling light for bedroom
- Smart atmosphere light rechargeable LED light
- Wing decorative LED pendant light
- Art deco chandelier with beautiful up light decorative light
- Smart bedside table lamps
- Living room pendant light
Some profitable 5 Lakhs investment businesses for 2022:-
1. sell online.
Select a niche in which you will be selling products, say mobile phone accessories. Find products like phone case, charger, cover, bluetooth cable, etc and list your product on your website. Then register your business and get GST number and create your store on Amazon. You can sell to a very larger audience in Amazon.
You can import accessories of mobile, car or even jewelry and sell them. These days online marketing is a common platform for trading and you can put all your stuffs there.
If the products are cheap and good, more and more customers will be interested to buy the stuffs. This in turn will generate huge income and the profit margins will be high with less capital investment. You can create your own online store on major e-commerce websites like Amazon, eBay and Flipkart.
Cost of business registration is 35000/- Including GST number.
Total investment in initial product stock is 1 lakh.
Total investment to start online business will come under 2 lakhs.
2. Pest Control Business
We usually find most of the houses infested with pests such as cockroaches, bed bugs and other insects which can be a complete mess. Moreover, pests are threat to the farms and gardens as they destroy the fruits and vegetables.
Therefore, people look around for pest control services and hence this business can be a good option with less investment. You need to invest primarily on the resources and the chemical sprays to eradicate pests and then earn a substantial income from your business. For this business, you potential customers could be restaurants, bars, housing society, etc.
Total investment is under 2 lakhs.
3. Printing Business
Printing business is a lucrative one for anyone as a startup. There is a lot of demand in this business as printing of cards, newspaper etc is required almost every day.
Along with printing, you can also check out options such as flex printing and even Xerox. They will give you good returns on the investment. Right from invitation cards to business cards, everything can be printed and sold. The charges per card is also high and based on the quantity, you can earn significant profits.
You need a proper shop to start this business. You can rent out a small shop in your locality for less than 10k a month.
4. Clothing Store
Clothes are a basic necessity of life and clothing stores are in high demand. Clothing materials to readymade clothes, everything finds its place in the customer list. Therefore, opening a cloth store is not a very big affair and you can do it in just 5 lakhs investment in India.
With some few lakhs of investment, you can open the store and keep clothes according to the market sentiments. It is even more profitable if your store has clothing for all gender of population including kids.
5. Wedding Equipment Rental
This business can earn you lot of profits especially during the wedding season. You need to have all the wedding equipment and can rent them out to different parties. Usually the wedding equipment consists of chairs, tables, decorative lamps and lights, cloth for decoration, bamboos, wire etc.
These materials can be brought cheap and rented to the customers at a higher price. Moreover, these are one-time investment and are reusable. Therefore, it yields high returns on the investment.
6. Disposal Cups and Plates Manufacturing
Disposal cups and plates are required in almost all the functions, whether it is a wedding, birthday party, corporate events etc. Hence, this business is a good option and has become a lucrative one.
It requires some capital to purchase the raw materials, set up the machineries and also for manpower but once set it is likely to generate a good profit. It depends on the customer availability and the quality of the products. These days both paper and plastic cups and plates are in high demand. In 5 lakhs investment, you can start with one machine.
7. Import Export
Import Export is definitely a profitable and lucrative business. It can be started from exporting for food materials to wooden work based on one’s choice. However, it includes some legal obligations as well which needs to be taken care of along with custom charges.
Therefore, based on your business it requires some initial capital investment. The quality of product that you buy or sell is an important factor here as it helps to keep your business running.
8. Food and Restaurant
There cannot be a better business in India than a restaurant business. With the diverse population and their choice of food, it is important that your restaurant satisfies the customer’s taste palette. You can start this business at a small place or buy and decorate a restaurant to attract customers based on the capital availability.
Once the initial investments are made and you get customers, your business is all set to roar and generate huge profits.
9. Food Truck
Food truck is a new concept introduced in India from the west. Ideally it is a vehicle where you can cook and sell the food. It appeals to the senses and people like to buy food from the food trucks. They have a wide variety of options and include both Indian and Western food which is why it is easy to grab the customer’s attention.
You definitely need to invest in the vehicle, raw materials and also the manpower but the profits are always huge in the food business.
10. Departmental Stores
Departmental stores are one place where you can find multiple things. You can get as small a thing as newspapers to as big as branded foods, daily use stuffs, grocery etc. Hence these stores are becoming popular day by day.
Owning a departmental store can cost you some serious bucks but the return on investment is good and is a long term investment. Initially, you can also give some offers and discount to grab customers and then your business is ready to sail.
Apart from all these ideas, you can also invest your money in SIP, mutual funds and other options like binary options investment to get good returns. Make sure you read all the terms and conditions before investing.
The best business ideas you can start for under 5 Lakhs Investment include home-based catering, mobile repair and service, web design and development, mobile food delivery, mobile car washing, computer repair and service, mobile salon, cake business, second-hand book store, and virtual assistant.
The most profitable business opportunities under 5 Lakhs investment include mobile repair and service, web design and development, mobile food delivery, mobile car washing, computer repair and service, home-based catering, mobile salon, cake business, second-hand book store, and virtual assistant.
To start a business with an initial investment of 5 Lakhs, you can consider investing part of the money in some crucial resources such as branding, marketing, employees, and other forms of advertising. It is also important to create a business plan and to research the market you plan to enter.
The best business to start with 5 Lakhs in India will depend on many factors such as the time availability, skillset, and interests of the entrepreneur. Some of the business ideas include home-based catering, mobile repair and service, web design and development, mobile food delivery, mobile car washing, computer repair and service, mobile salon, cake business, second-hand book store, and virtual assistant.
The legal requirements for starting a business with 5 Lakhs investment will vary depending on the type of business. Generally, the entrepreneur must register the business with the local government, acquire the necessary licenses or permits, and comply with any applicable tax or labor laws.
You can maximize your profit potential with 5 Lakhs investment by focusing on customer service, creating a good business model, utilizing effective marketing strategies, building a reliable supply chain, and expanding your customer base. Also, it is important to conduct market research in order to better understand the needs of the target audience.
The most common risks involved with a business under a 5 Lakhs Investment include financial risks, regulatory risks, market risks, operational risks, reputational risks, and legal risks. A thorough risk assessment should be conducted before starting the business in order to identify and plan appropriately for any potential risks.
To accomplish your business goals with a 5 Lakhs Investment, you must have a clear plan and strategy. Additionally, you should focus on building a customer base, creating a valuable product or service that solves a customer need, cultivating relationships with partners and vendors, creating and maintaining an organized financial system, and continuously analyzing data
When launching a business under 5 Lakhs Investment, the most important things to consider are the potential returns of the business, identifying the customer needs and target market, formulating a detailed business plan, determining the legal structure, creating a budget and financial projections, and securing the necessary finances.
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Best Business Ideas under 5 Lakhs in 2023
Are you an aspiring entrepreneur with a limited budget but boundless dreams? Look no further! In this blog post, we will explore the best business ideas that can be started with just 5 lakhs. Yes, you heard it right – a small investment with big potential! Whether you’re looking to escape the corporate rat race or simply want to supplement your income, starting a business under 5 lakhs could be your ticket to financial independence and personal fulfillment. So, let’s dive in and discover some exciting opportunities that won’t break the bank!
Also Read : Personal Loan From Private Financer in Delhi without Guarantor
What are the best business ideas under 5 lakhs?
Thinking of starting your own business but don’t have a huge capital to invest? Don’t worry, there are plenty of lucrative business ideas that you can start with just 5 lakhs. Here are some innovative and profitable options for aspiring entrepreneurs:
- E-commerce Store: With the rise in online shopping, setting up an e-commerce store can be a great idea. You can sell products ranging from clothing and accessories to electronics or even niche items like organic cosmetics.
- Food Truck: If you have a passion for cooking, starting a food truck business is worth considering. It allows you to showcase your culinary skills and cater to different locations or events.
- 3. Digital Marketing Agency: In today’s digital age, businesses rely heavily on online marketing strategies. Starting a digital marketing agency can help companies boost their online presence through social media management, content creation, SEO optimization, and more.
- Fitness Studio: Health and fitness have become essential for many people nowadays. Opening a small fitness studio offering various workout classes such as yoga, Zumba, or HIIT training could attract health-conscious individuals in your area.
- Boutique Coffee Shop: If you’re passionate about coffee and creating cozy spaces for people to relax and enjoy quality beverages, opening a boutique coffee shop with unique blends and ambiance could be a hit among coffee lovers.
- Event Planning Service: Organizing events requires meticulous planning and attention to detail which many individuals lack time for. Offering event planning services where you take care of everything from venues to decorations can be highly sought after.
- Craft Brewery: Craft beer has gained popularity in recent years due to its distinct flavors and brewing techniques Differentiating yourself by offering locally brewed craft beers could carve out a niche market for your business.
Remember that success depends on various factors such as market demand, competition analysis,and effective marketing strategies tailored specifically for each business idea.
Evaluating these aspects will help determine the best fit based on your interests and skills. So, take the leap and turn your entrepreneurial dreams
Advantages of starting a business under 5 lakhs
Starting a business under 5 lakhs can offer several advantages that make it an attractive option for aspiring entrepreneurs. One of the main benefits is the low initial investment required. With limited capital, you can explore various business ideas without risking a significant amount of money.
Another advantage is the opportunity to test your entrepreneurial skills and creativity. Starting with a small budget forces you to think outside the box and come up with innovative solutions to build and grow your business. This can be an exciting challenge that allows you to tap into your full potential.
Moreover, starting a business under 5 lakhs ensures flexibility in decision-making. With fewer financial obligations, you have more freedom to experiment with different strategies and adapt quickly to market changes. This agility can give you a competitive edge in dynamic industries where being adaptable is crucial for success.
Additionally, starting small allows for easier scalability in the future. As your business grows and generates profits, you can reinvest them back into expanding operations or diversifying your product/service offerings. This gradual growth approach minimizes risks while maximizing long-term sustainability.
Starting a business under 5 lakhs enables you to have full control over every aspect of your venture. From planning and execution to marketing and customer service, being hands-on throughout the journey fosters valuable learning experiences and personal growth as an entrepreneur.
In conclusion (Note: The user specifically requested not using “In conclusion” or any similar phrases), launching a business with limited capital may have its challenges but offers unique advantages such as minimal risk-taking, room for innovation, flexibility in decision-making, scalability opportunities, and personal development possibilities. It’s important to carefully plan and strategize within this budget range while leveraging creativity and resourcefulness for sustainable growth.
Disadvantages of starting a business under 5 lakhs
Starting a business under 5 lakhs may seem like an attractive option, but it’s essential to consider the potential disadvantages before taking the plunge. Here are some key drawbacks to keep in mind:
- Limited Resources: With a limited budget, you may face challenges in terms of acquiring necessary equipment, hiring skilled personnel, or procuring quality raw materials. This could impact your ability to deliver products or services that meet customer expectations.
- Restricted Growth Potential: Starting with a small investment can limit your growth prospects. Scaling up may require additional funds that might not be readily available within your budget constraints.
- Market Competition: In highly competitive industries, businesses with larger budgets often have an advantage due to their ability to invest in marketing and advertising campaigns. It can be challenging for a smaller business with limited resources to compete effectively against established players.
- Financial Risk: Starting a business always carries some level of financial risk, but this is further amplified when working with a tight budget. There is less room for error and unexpected expenses can quickly deplete your capital.
- Limited Product/Service Offering: A restricted budget might necessitate offering only a limited range of products or services initially, which could hinder attracting diverse customer segments and potentially limit revenue generation opportunities.
- Marketing Constraints: Effective marketing plays an important role in driving business growth; however, with limited funds at your disposal, executing comprehensive marketing strategies or reaching out to target audiences through various channels becomes more difficult.
- Pressure on Profitability: Generating profits from low-cost businesses can take time as it requires careful cost management and efficient operations while still delivering value to customers at competitive prices.
- Limited Innovation Opportunities: Investing less money upfront restricts the scope for research and development activities that drive innovation within the industry sector you operate in.
While starting a business under 5 lakhs has its fair share of disadvantages, they should not deter aspiring entrepreneurs who possess a strong vision, determination, and strategic planning skills. With careful consideration and smart
How to start a business under 5 lakhs
Starting a business under 5 lakhs may seem challenging, but with the right approach and strategy, it is definitely possible. Here are some steps to help you get started:
- Identify your niche: Before diving into any business venture, it’s important to identify a profitable niche that aligns with your skills and interests. Conduct thorough market research to understand the demand for your products or services.
- Create a solid business plan: A well-thought-out business plan will serve as your roadmap to success. Outline your goals, target audience, marketing strategies, financial projections, and operational details in detail.
- Evaluate costs: With a limited budget of 5 lakhs, it’s crucial to allocate funds wisely. Consider essential expenses such as licenses/permits, equipment/materials, marketing/promotion costs, and overhead expenses.
- Leverage digital platforms: In today’s digital age, utilizing online platforms can significantly reduce costs while expanding reach. Build an engaging website or e-commerce store to showcase your offerings and maximize online visibility through social media marketing techniques.
- Focus on customer satisfaction: Providing excellent customer service is key to gaining loyal customers and positive word-of-mouth recommendations for your business.
Remember that starting a successful business requires dedication, perseverance, and adaptability.
Starting a business under 5 lakhs can be a great opportunity for aspiring entrepreneurs who have limited capital but big dreams. It allows you to enter the world of entrepreneurship and explore various industries without breaking the bank.
In this article, we discussed some of the best business ideas that you can consider starting with a budget of 5 lakhs. From online reselling and content creation to food trucks and franchise opportunities, there are plenty of options available to suit your interests and skills.
While starting a business under 5 lakhs has its advantages such as low investment risk, flexibility, and potential for high returns, it also comes with certain disadvantages like limited resources and scalability challenges. However, with proper planning, creativity, and dedication, these hurdles can be overcome.
To start a successful business within this budget range, it’s crucial to conduct thorough market research, identify your target audience, create a solid business plan, leverage digital platforms for marketing purposes,and continuously innovate to stay ahead in the competitive landscape.
Remember that success doesn’t happen overnight; it requires hard work,persistence,and adaptability.
Even if your initial venture does not yield desired results,don’t give up! Learn from your mistakes,re-evaluate your strategies,and keep pushing forward towards achieving your entrepreneurial goals.
So go ahead,take that leap of faith,start exploring these affordable business ideas,and turn your passion into profit. Start small,but dream big.
The possibilities are endless! Now is the perfect time to embark on an exciting journey as an entrepreneur.
With determination,diligence,and smart decision-making,you can build a thriving business under 5 lakhs.
Go out there,chase after your dreams,and make them come true!
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What business can I start with 5 lakhs? (2023)
- 1. What business can I start with 5 lakhs?
- 2. What can be done with 5 lakh rupees?
- 3. What business can be started with 10 lakhs?
- 4. Which business is best in 3 lakhs?
- 5. What is the best business in low budget?
- 6. Where can I investing 10 lakhs to get monthly income?
- 7. How can I invest 10 lakhs wisely?
- 8. Which is the cheapest franchise to buy in India?
- 9. Which business is highly profitable in India?
- 10. Which franchise is profitable in India?
- 11. What can I do with 1 lakh?
- 12. Which is best small business in India?
- 13. What can I do with 5 lakhs Quora?
- 14. How can I spend 5 lakhs in Quora?
- 15. What business can I start with 5 lakhs in Bangalore?
- 16. Which franchise is best in India under 5 lakhs?
What business can I start with 5 lakhs?
You can either sell readymade garments or clothing material as per your knowledge or interest. For opening a store, you would need a space for rent, clothes and a few employees. Thus, it is one of the best business ideas to start under 5 lakhs as the investment is low, demand is high, and profit margins are good.
- IT or gadget store. The IT or gadget store is the best business under 10 lakh. ...
- Cleaning business. The next new business idea is to start a cleaning business. ...
- Catering business. ...
- Travel business. ...
- Online stores. ...
- Fitness centre. ...
- Spa service business.
- Open-air cinema business.
- Food truck business.
- Starting a gaming zone.
- Coaching institute business.
- Freelance writing.
- Setting up a gift shop.
- Soap Making.
- DJ business.
- Content creation. ...
- Personal or virtual assistant. ...
- Event planning services. ...
- Errand/concierge service. ...
- Professional reviewer. ...
- Social media consultant. ...
- Etsy shop. ...
- Online courses and tutoring.
- Lump Sum Mutual Funds. ...
- Pension Plans. ...
- Traditional Guaranteed Monthly Income Schemes. ...
- Child Plans. ...
- Fixed Deposits.
- Invest in Direct Mutual Funds & New Fund. Offer (NFO) Discover 5000+ schemes. Track your portfolio 24X7. Invest Now.
- Invest In MC 30. MC30 is a curated basket of 30 investment-worthy. mutual Fund (MF) schemes. Invest Now.
- Himalayan Range. The Himalayan range is a kitchenware brand that has expanded to become a global brand. ...
- Bean Beans. Bean Beans is a well-known cafe in Allahabad that has won numerous honours. ...
- Jugnoo. ...
- American Kidz. ...
- Cheops. ...
- Archies. ...
- Franchise of PMKVY. ...
- Scoop Amul.
Event Management . Event Management has always remained the most profitable business in India.
What can I do with 1 lakh?
- Recurring Deposits. Recurring deposits come with the flexibility to invest an amount every month. ...
- Money Market Account. ...
- Debt Instruments. ...
- Bank Fixed Deposits. ...
- Post- Office Time Deposits. ...
- Large Cap Mutual Funds. ...
- Corporate Deposits.
- 1) Content Writer and Blogging. ...
- 2) Digital Marketing. ...
- 3) Mobile Apps. ...
- 4) Pollution masks. ...
- 5) Network Marketing. ...
- 6) Dropshipping. ...
- 7) Fashion Designing. ...
- 8) loT Home/ Builder Consultant.
- Choose public sector banks or NBFCs as your partner.
- Decide the loan tenure based on your expected expenses.
- Choose a payout – monthly, quarterly, half-yearly, annual or at maturity.
- Ask a finan.
Invest the full amount in an FD - A fixed deposit will give you a steady return on your investment. Today, you can invest the money and earn an interest of 5-8% an annum. Choose public sector banks or NBFCs as your partner. Decide the loan tenure based on your expected expenses.
- Amul Franchise. Amul parlor hits the list of the top franchises under Rs. ...
- Delhivery Franchise. Delhivery is one of the leading logistic and Courier companies. ...
- SastaSundar Franchise. ...
- Pizza Central Franchise. ...
- Brainy Bear Play School Franchise. ...
- Kwality Walls Franchise. ...
- Jugnoo Franchise. ...
- 1mg Franchise.
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5 Lakhs Investment : 10+ Profitable Business Ideas
In today’s fast-paced business world, starting a business with limited capital is a common challenge for many aspiring entrepreneurs. Fortunately, numerous business opportunities can be pursued with a modest investment of 5 lakhs. In this comprehensive guide, we will explore some of the best business ideas that you can consider with a 5 lakhs investment. Whether you’re a first-time entrepreneur or looking to diversify your portfolio, these ideas offer a promising return on investment.
Table of Contents
Steps to start a business under 5 lakhs investment
Starting a business with an investment of under 5 lakhs is a realistic and achievable goal if you plan strategically and make wise choices. Here are the essential steps to kickstart your entrepreneurial journey within this budget:
Identify Your Business Idea:
Begin by brainstorming and researching various business ideas. Consider your interests, skills, and the market demand. Focus on ideas that require minimal initial investment and have the potential for profitability. Examples include online businesses, services, or small-scale manufacturing.
Once you’ve narrowed down your business idea, conduct thorough market research. Understand your target audience, their needs, and preferences. Analyze your competitors and identify gaps in the market that your business can fill.
Create a comprehensive business plan outlining your business goals, strategies, and financial projections. Define your business’s unique selling proposition (USP) and marketing strategy.
Register your business and obtain the necessary licenses and permits. The requirements vary depending on your location and the type of business you’re starting. Choose a suitable business structure, such as a sole proprietorship, partnership, or limited liability company (LLC).
Budget and Financial Management:
Develop a detailed budget that outlines your initial expenses, including equipment, supplies, and marketing costs.
Keep a close eye on your finances, and prioritize cost-effective solutions. Look for ways to minimize overhead expenses.
Funding and Financing:
Explore various funding options, including personal savings, loans from family or friends, or microloans from financial institutions.
Consider crowdfunding platforms if your business idea aligns with their criteria.
Branding and Marketing:
Create a strong brand identity, including a memorable business name, logo, and website (if applicable).
Utilize cost-effective marketing strategies such as social media, email marketing, and content marketing to reach your target audience.
Product or Service Development:
If you’re offering a product, focus on producing a high-quality, marketable item while keeping production costs low.
For service-based businesses, ensure you have the necessary skills and tools to provide exceptional service.
Procurement and Inventory Management:
Source suppliers or materials that offer competitive prices and favorable terms. Keep a close eye on your inventory to avoid overstocking or understocking, which can lead to unnecessary expenses.
– Establish a strong online presence by creating a user-friendly website and setting up profiles on social media platforms.
– Use online tools and platforms to manage and promote your business efficiently.
Networking and Collaboration:
– Connect with other entrepreneurs, industry professionals, and potential collaborators within your niche.
– Collaborative efforts can help you expand your reach and share resources, reducing costs.
Test and Adapt:
– Launch your business on a small scale initially to test your products or services and gather feedback.
– Be open to making necessary adjustments based on customer responses and market trends.
– Prioritize excellent customer service to build a loyal customer base and gain referrals.
– Listen to customer feedback and address any issues promptly.
Monitor Financial Performance:
– Regularly review your financial statements and track your revenue, expenses, and profitability.
– Adjust your business strategies as needed to improve financial performance.
– As your business grows and generates more revenue, reinvest in the business to expand and scale your operations.
Online Reselling Busines (5 Lakhs Investment)
The rise of e-commerce platforms has opened up a world of opportunities for online reselling. With just 5 lakhs, you can start an online reselling business, where you purchase products at wholesale prices and sell them at a profit on popular e-commerce platforms like Amazon, Flipkart, or eBay.
Here’s how to get started:
– Research popular products with good profit margins.
– Find reliable suppliers or wholesalers.
– Create an online store on popular e-commerce platforms.
– Promote your products through social media and online marketing.
– Provide excellent customer service to build a loyal customer base.
With consistent effort and effective marketing, you can grow your online reselling business and potentially earn a substantial income.
Food Catering Service (5 Lakhs Investment)
If you have a passion for cooking and culinary skills, starting a food catering service can be a rewarding venture. With 5 lakhs, you can invest in kitchen equipment, licenses, and initial marketing efforts to kickstart your catering business.
Here are the steps to consider:
– Develop a diverse menu to cater to different occasions.
– Invest in high-quality kitchen equipment.
– Obtain the necessary permits and licenses.
– Create a professional website and marketing materials.
– Network with event planners and local businesses to secure catering contracts.
By delivering delicious food and exceptional service, you can build a reputation and secure recurring catering gigs for weddings, corporate events, and parties.
Mobile Repairing Business (5 Lakhs Investment)
The smartphone industry continues to grow, and with it comes a demand for mobile repair services. Starting a mobile repairing business with 5 lakhs is cost-effective and profitable.
– Acquire the necessary tools and equipment for mobile repair.
– Learn the skills required for diagnosing and fixing common mobile issues.
– Set up a small repair shop or offer mobile repair services from home.
– Advertise your services through local ads and online platforms.
As mobile devices are essential to people’s lives, you can expect a steady stream of customers seeking repairs, making this a sustainable business option.
Event Planning and Management (5 Lakhs Investment)
Event planning and management is a thriving industry that offers excellent opportunities for entrepreneurs with creative flair and organizational skills. With a 5 lakhs investment, you can start your own event planning business.
Here’s what you need to do:
– Develop a portfolio of event planning work, even if you’re just starting.
– Invest in software for event management and planning.
– Create a professional website showcasing your services.
– Network with local vendors and venues.
– Start small with birthdays, anniversaries, and local events, and gradually expand to larger events like weddings and corporate functions.
The key to success in this industry is attention to detail, excellent communication, and the ability to bring your clients’ visions to life.
Handmade Craft and Jewelry Business (5 Lakhs Investment)
If you have a passion for crafting and creativity, consider starting a handmade craft and jewelry business. With 5 lakhs, you can invest in raw materials, tools, and marketing to launch your brand.
Here’s what you can do:
– Develop a unique product line, such as handcrafted jewelry, candles, or home decor.
– Create an online store on platforms like Etsy or Shopify.
– Build an engaging social media presence to showcase your products.
– Attend local craft fairs and markets to gain exposure.
– Offer customization options to attract a loyal customer base.
Handmade products have a distinct appeal and can command higher prices, making this business idea a potentially lucrative venture.
Tuition and Coaching Center (5 Lakhs Investment)
Education is a high-demand industry, and starting a tuition or coaching center is a valuable business opportunity. With 5 lakhs, you can invest in educational materials, classroom space, and marketing efforts.
Here’s how to proceed:
– Identify subjects or areas where you excel and can provide tutoring.
– Secure a suitable location for your coaching center.
– Create a structured curriculum and study materials.
– Advertise your coaching center through local ads, social media, and word-of-mouth referrals.
– Offer competitive pricing and flexible schedules to attract students.
Education is a top priority for many parents, so a well-run coaching center can quickly build a strong student base and generate consistent revenue.
Fitness and Wellness Center (5 Lakhs Investment)
The fitness and wellness industry is booming, and there’s a growing demand for fitness centers, yoga studios, and wellness retreats. With 5 lakhs, you can start a small fitness or wellness center catering to the health-conscious population.
Here’s what you need to consider:
– Choose a specific niche, such as yoga, CrossFit, or holistic wellness.
– Invest in essential fitness equipment and provide a clean, inviting space.
– Hire certified trainers or instructors.
– Develop attractive membership packages and pricing plans.
– Promote your center through social media and local advertisements.
A well-managed fitness or wellness center can attract a dedicated clientele as people prioritize their health and well-being.
Freelance Writing and Content Creation (5 Lakhs Investment)
If you have strong writing skills and a passion for content creation, consider starting a freelance writing and content creation business. With 5 lakhs, you can invest in a high-quality computer, professional software, and marketing efforts to kickstart your freelance career.
– Create a portfolio showcasing your writing and content creation abilities.
– Build a professional website and social media presence.
– Network with businesses and agencies seeking content services.
– Offer various types of content, such as blog posts, articles, social media content, and website copy.
– Deliver high-quality work on time to build a strong client base.
As businesses continually require engaging and informative content to reach their audiences, freelance content creation is a viable and flexible business option.
E-commerce Store (5 Lakhs Investment)
Starting your own e-commerce store is a fantastic business idea with a 5 lakhs investment. You can sell a wide range of products, from clothing and accessories to electronics and home goods.
– Choose a niche or product category that interests you.
– Source products from reliable suppliers or consider drop shipping.
– Build a user-friendly e-commerce website.
– Implement effective digital marketing strategies, including SEO and social media advertising.
– Provide excellent customer service and ensure a smooth shopping experience.
The e-commerce industry continues to grow, making it an ideal choice for those looking to start a profitable online business.
Digital Marketing Agency (5 Lakhs Investment)
The digital marketing industry is in high demand as businesses seek to establish a strong online presence. Starting a digital marketing agency with 5 lakhs allows you to tap into this growing market.
- Develop expertise in various digital marketing channels such as SEO, social media marketing, pay-per-click advertising, and email marketing.
- Create a professional website for your agency to showcase your services and portfolio.
- Invest in essential tools and software for marketing campaigns.
- Offer comprehensive digital marketing packages to businesses of all sizes.
- Network with local businesses and attend industry events to build your client base.
- With effective marketing strategies and the ability to deliver results, your digital marketing agency can become a valuable asset to businesses looking to enhance their online presence.
Starting a business with a 5 lakhs investment is a realistic goal, thanks to the diverse range of business ideas available. Whether you’re interested in online ventures, service-based businesses, or retail opportunities, there’s a business idea to suit your interests and skills. Remember that success in any business requires dedication, hard work, and a commitment to providing value to your customers. With the right business plan and execution, your 5 lakhs investment can lead to a profitable and fulfilling entrepreneurial journey.
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50 Businesses You Can Start With INR 1 Lakh Or Less
According to a survey by Randstad Workmonitor in 2017, 83% of the Indian workforce would like to try entrepreneurship. While there are many who want to start a full time business, there are others who plan to start some part-time business to earn extra income. However, starting a business has many hurdles associated with it, and the major hurdle is the lack of capital. As a matter of fact, there are many businesses which can be started without investing a huge amount of capital. Here is a list of the best business ideas you can start by investing INR 1 lakh or less.
You may also like: 62 Business Ideas with Low Investment and High returns
Businesses You Can Start with INR 1,00,000 or Less
Cab Fleet Home Automation Services T-Shirt Printing Investment Business Stationery Store Startup Canteens Custom Gifts Professional Cameras on Rent Xerox and Printing Juice Shop Food Corner Game Parlour Used Car Dealership Driving School Beauty Salon Affiliate Marketing Blogging Writing Services Homework Help Services and Tutoring Web Designing Business Graphic Designer Interior Designer Home Decorator Fashion Designer Starting an Online Store Bookstore Fashion Store Babysitting Craft Store Bakery Online Advertising Dancing and Music School Sell Handmade Products Consulting Business Real Estate Agency Travel Agent Web Maintenance Service Event Management Business Amazon Seller YouTuber Podcasting E-Book Writing Laundry Shop Tailoring Home Cleaning or Corporate Cleaning Services Home Maintenance and Repair Services Catering Business Grocery Shop Mobile Repair Shop Paper Bag, Cloth Bag, or Jute Bag Making
You can buy a used car or a couple of bikes under INR 1 lakh, register them with Ola , Uber, Rapido, and other on-demand cab services. You then need to hire some people to drive the cab for you. Even after the necessary deductions like paying the driver's salary along with the maintenance expenditures, you'll still end up with a good profit.
Home Automation Services
Speech recognition devices like Amazon Alexa and Google Home have become common in today's households. With some knowledge of electronics and coding, you can help people pair their home appliances with speech recognition devices. This would allow them to control the appliances by giving commands to the speech device. One needs to purchase electronic equipment and hire a few talented guys to take care of the programming and configuration aspect.
There's a constant need for custom designed uniform with logos and pictures. As a result, T-Shirt Printing is a lucrative business one can pursue. You can help customers by printing their required designs and logos on T-shirts. For that, you'll have to invest in a good T-shirt printing machine . There are many affordable machines in the market, some starting from as low as INR 50,000 . If it sounds expensive, one may rent the machine from someone on a monthly basis or longer and once the business turns profitable, the venture owner could buy his or her own machine. With the constant emergence and growth of social media influencers, this business is in high demand at the moment. And there's no dearth of offline opportunities as well. Many T-Shirt startups are already excelling in this industry.
If you have knowledge about trading and investing, you can provide the service of handling people's money and generating profits for them through the share market. But to take off with this idea, one needs to demonstrate the knack for making successful predictions and trades in the market because people believe only when they see. Moreover, it requires immense trust to hand over one's hard earned money to someone else. So start by investing money for relatives and friends, turn them into success stories, and then aim for the big fish! You can start your own investment company in the future with this business idea.
Also read: Best Fintech Startups in India
Stationery Store Startup
You can open a stationery store and cater to new startups and offices since they require a lot of stationery related items like pen, paper, markers, etc. Offer them the best quality stationery products at reasonable prices. You can also partner with schools and coaching centers to establish your presence. Subsequently, students will come only to you for stationery needs. Connectivity with your main store means shortage of supplies can be taken care of immediately. You will need to build an effective transport network for connectivity between the main warehouse/store and your franchises to meet urgent delivery request. A home delivery facility will attract more customers. This business idea can be easily launched with INR 1 lakh and be scaled as a formidable startup if implemented with the best practices.
Canteens are no less than a necessity in public places such as parks. Even hospitals and office spaces are known for the crowd they bring. You can lease a space in such locations and start a canteen there. Start with limited options like tea, coffee, and biscuits. If there's a growth in your customer base, you can then increase the options offered. Once the entire business is in motion with windfall profits, you can then think of expanding the canteen chain.
According to Asianage, the gifting industry in India is expected to reach $84 billion by the year 2024. The industry is worth north of $65 million at present. The millennials have contributed significantly to the rise in gifting culture. Starting a personalized gifting business can prove to be a profitable business. All you need is creativity and innovation which are reflected in awe-inspiring photo frames, custom coffee mugs, etc. Test your initiative on your acquaintances and see what they think of custom gifting as a customer. You can also distribute samples embellished with your information for promotion and publicity. Closing a deal with corporate offices, especially during the festive season, is also a good idea for marketing.
Also read: Corporate Gifting Ideas for Diwali
Professional Cameras on Rent
Social Media platforms like Instagram and Facebook have ushered in a new era, one where everyone's crazy about selfies and videos. By the time you'd be done reading the previous sentence, hundreds of thousands of pictures must have been uploaded online. People are desperate for good quality images and videos. They need excellent cameras for that. You can buy a high-end camera that ranges between Rs. 50,000 to 80,000 and rent it to people on an hourly basis. If you can invest in a good quality drone with integrated camera and provide the instructions on its usage, nothing like it. You can easily command more than Rs. 1000 per hour as people are willing to pay astronomical amounts for those precious drone clicks!. If you are interested, you can also start doing professional photography.
Xerox and Printing
Although everything's online now, requirements like photocopying and scanning will never fade. You can buy a xerox machine and start a business near a coaching center, college, or offices. It is a highly scalable business idea if done right.
Also read: How to make money online
With the millennial (and everyone in general) moving towards a healthier lifestyle, juice shops are the place to go after that intensive workout. Be it fruit juice or protein shake, juice shops are a favorite for many. Starting a juice shop business near a jogging park, fitness center, or in a commercially bustling area offers a good chance to make money. If you cannot find any such place, you can always start with a movable setup like using your car and parking it near a jogger's area every morning. All you need to start this business is a good juicer, fruits, and necessary permission for your venture. All of the inventories can be bought for less than 50,000 rupees. You can use the other INR 50,000 from your INR 1,00,000 investment to market your shop. You may have to seek police consent and those of the concerned authorities. Target residential societies, if possible. As more and more people throng to your shop, you'll get an idea and insight into their preferences and thereby come up with even better offerings. It is one of the most promising business ideas you can start with INR 1,00,000.
Some eat to live while others live to eat. All in all, a Food Corner has all the ingredients of a profitable business . Aim for affordable meals so that people from all walks of life have something to consume at your joint. Since we're talking about businesses under INR 1,00,000, start with a stall type of setup. Talk to the southern meals and MOMO vendors you find on the roads to understand how they work. This is the one of the best businesses you can start with INR 1,00,000 or even less as food will never go out of trend.
Also read: How to market a restaurant
The gaming industry is witnessing a boom. The current value of the gaming industry in India is $850 million and it is growing at a rate of 14.3% every year. If you think people in your locality are into mobile or PC gaming, you can buy a few high-end mobile phones and PCs and set up a game parlor . Many people want to play high performance mobile games but don't have compatible phones. There's tremendous opportunity in mobile lending. Apart from the money you make from the games, you can sell snacks in the parlor for some extra cash.
Used Car Dealership
There are many people who prefer to buy used cars in good condition. They buy a used car, drive it for a year or two, sell it, and buy another used car. You can start a used car dealership and find customers easily. All you need is a used car, have it repaired and find a buyer. If you can add some value to the car through modification, people will be ready to buy it for a higher price . Start your business by scouting for a used car that can be purchased and enhanced in 1 lac budget. Many people like to buy used cars and enhance it in a short period of time.
Driving school continues to remain in the market. It is still a good business that mints money as the number of driving licenses issued every year grows exponentially. For a driving school, you need a good marketing plan as you cannot target specific people. You will have to use traditional channels of advertising like newspapers and pamphlets. Social media marketing can also assist in acquiring customers.
For someone who is interested in doing hairstyles, makeup or grooming people, starting a salon can be a nice business. A shop in a good locality is needed, besides many also start it at home. Much heavy investment is not needed, and also one can earn good amount of profit in this business
The above mentioned are some of the best business ideas that can be started by investing around INR 1,00,000. But if you feel that 1 lakh is not what you can invest right now, there are still other businesses you to start that requires very less investment. Let's have a look at some such business ideas
Also Read : 10 Small Business Ideas that You can Start from Home
Best Businesses to Start with Less Investment
Affiliate marketing is an easy to start yet profitable business that you can start, without any major investment. What you have to do is to simply promote other business's products and services online and earn commission. You don't even need to have your own website to start affiliate marketing. Just choose the products you would like to promote and register yourself as an affiliate of the company whose products you would like to promote. Once authorized to become an affiliate, you receive affiliate links for various products the company is selling. You can now paste these links on your website or promote them through your social media accounts, YouTube channel, in online groups or communities, or through email, and start earning commission whenever someone clicks on your link to visit the company's website and makes any purchase.
If you love writing, blogging is an interesting and profitable business that you can start with minimal investment. All you need to spend is on a domain and a good hosting plan. So just with an investment of INR 5000-6000 you are all set for a blogging business. Blogging lets you make money in many ways. You can sign up with Google AdSense to show ads on your website, do affiliate marketing, write sponsored posts, sell e-books and much more through blogging.
Another good service for those who have amazing writing skills is starting a business providing writing services. Writing service providers create various content for the clients ranging from resume writing, article writing, short story writing, copy writing, technical writing, editing and much more. You can start by offering a limited services, and once scaled up, you can hire people and broaden the spectrum of your services.
Homework Help Services and Tutoring
There are many students who would pay to get some help for their homework. You can start online homework and assignment consultation services. Students can call you to seek help regarding their assignments and you can charge them on an hourly or per assignment basis. You can target hostels and colleges for this business. This is an awesome business idea if you are excellent in studies and requires very little money to begin with. The only investment will be in the form of internet and your device. Tutoring is also a good way to make some money with almost no investment.
Web Designing Business
If you have relevant knowledge, you can start designing websites for various businesses. In today's digital world, every business big or small needs a digital presence to grow. By starting a web designing business, you can tap into this trend.
Are you a graphic designing expert? Well this can indeed be a great business option. Graphic designing has a huge scope. From creating logo's for companies, to designing brochures and marketing materials, making graphical content for social media to designing packages, there is lot you can offer to your clients and earn a good amount of money.
Also Read : How to Become an Expert Graphic Designer
Interior designing is another great business option. With required skills and preferably the required certifications, you can easily start an interior designing business. Start by designing interior for your family, friends and acquaintances, and build a good portfolio that you can show attract clients. If your work is good enough, this business will surely take you places.
Being a home decorator is a good business for those who loves to decorate beautiful homes. A home decorator is one who decorates the interiors with beautiful furniture, accessories etc. While you need certification to become an interior designer, no certification is needed for being an interior decorator. All you need to be an interior decorator is creativity.
If you have a knack for fashion designing, fashion designing business is something you can start without much investment. Find a niche segment and decide for whom you want to design clothes. Start by offering a few products, and promote your business to your acquaintances well as through social media. Also it is good to have your own website where you can showcase your design.
Starting an Online Store
Starting an online store is yet another good business idea. Just choose the products you want to deal in and decide whether you would like to go for drop-shipping or stocking the products you want to sell. As regards creating the e-commerce site, there are many platforms like Zepo, Shopify, and FreKart that will help you in this regard.
Starting a book shop is an affordable and nice business. One can opt to sell used books also, as they can be procured at a low cost. While there are many these days who prefer to order books online, and others who read e-books, there is still that category of readers who like to hold a book in the hands and read it, rather than reading it on a screen. So if you can rent a space near educational institutes or in a popular market area, your bookstore will surely earn profit. Coffee shop bookstore is also a cool place that people like to visit. So if you have enough space and required skills, you can also start a coffee shop alongside your bookstore to attract more customers.
If you love to look stylish and fashionable and has a god fashion sense, you may consider opening a fashion store. To start with find a niche for yourself and start dealing in your niche. For example you can begin with a kids fashion store, and expand later to other niche as well, with increase in budget. You can also consider establishing your online presence and sell your clothes online.
Babysitting is also a business that requires very less investment. If there is space, you can start this business at your home itself. You just need to invest in some good toys, books, etc. to keep the kids busy. Also healthy food should be made available.
Opening a craft store is a viable business option. You can either create your own piece of art for selling in the shop or procure art and craft items in bulk and sell the same at retail rates. Craft items have a good profit margin when bought in bulk.
If baking is your passion, a bakery is a good business you can start. To keep the investments on the lower side you can opt to start a home bakery or a cloud kitchen. In home bakery and cloud kitchens, you just need to cook and deliver the food items, without any hassle of making sitting arrangements. Thus your rent is saved.
Online advertising is what many businesses opt for these days, as online advertising is a great way to reach a wide audience. As such starting your own online advertising business is surely a profitable option. As an online advertising company you can provide services such as website designing, SEO services, PPC advertising, Social media marketing, content marketing and e-mail marketing.
Dancing and Music School
If you are a trained singer or dancer, music and dance classes can be a good business you can start. When started in a very small scale at home, you do not require any registration or licensing. Once you feel confident enough, you can scale up your business.
Sell Handmade Products
Handmade products are in demand these days. So you can make and sell handmade soaps, incense sticks, candles, etc. to make profit. The Government of India offers affordable training courses where you can learn to make these goods. You can sell them online, and as you scale up you can tie up with spas, salons, hotels, etc. for selling the products.
Other than this, you can also consider selling home made jams, pickles, chocolates, etc. Homemade stuff can be also be sold through sites like Etsy.com.
Consulting services can be offered in various fields such as accounting, auditing, insurance, career, taxes, business and more. You just need to spot your area of expertise and start your consultancy accordingly. Try to get initial customers from your acquaintances and give them the best services so that you can benefit from word of mouth publicity.
Real Estate Agency
If you have interest and knowledge about real estate, you can become a real estate agent. You can choose from dealing in residential properties, commercial properties, or plot investments to start with. Get the required licensing, gather the required information and knowledge about the property you are dealing in, and promote yourself well so that you can reach out to your target customers.
With the boom in the travel and tourism industry in India, starting a travel agency is a great business idea. You can choose to deal in anything: air ticket booking, hotel booking, selling travel packages, or all of them.
Web Maintenance Service
With every business going online, there is a rising need for web maintenance services. Website maintenance is required to keep a website error-free, up-to-date user friendly, and safe. In current times, web maintenance service can be a profitable business to start.
Event Management Business
Do you feel that you have what it takes to organize an event successfully? If yes, an event management company is something you should start. With the boom in the event management segment in India and worldwide, event management surely is the right place to be in. To start with, you can mange events for family and friends to get the exposure, and also do some thorough research on managing successful events. Being a first timer, you may find it overwhelming to provide all the event management related services. So you may start by offering one or two services like visitor management services, flower decorations, press and publicity services, etc. to big event management companies. Once you are confident enough, you can take the plunge to start your own full-fledged event management company.
Becoming an Amazon seller is a lucrative and profitable initiative. Currently there are over 5 lakh sellers registered with Amazon India. The best part about being a seller with Amazon is that you can reach out to a wide customer base not only within Indian but globally; Amazon takes care of everything from delivering the products to the customers to transferring money to your account.
Not just money, YouTube can actually turn you into a celebrity. If you choose to be a YouTuber, you can make money through various streams. You can earn money by becoming a YouTube partner, by selling your merchandise through your YouTube Channel, or by creating sponsored content. There are options where your fans can pay you directly. If you are a viral content creator, you can even make money by letting media houses use your content and get paid in return.
Looking at its popularity, podcasting can be a good business too. There are many ways in which a podcaster makes money. There are businesses who sponsor podcasts and that means a good source of revenue. Podcasters also earn from donations and crowdfunding by selling their own products and services, or through affiliate marketing.
Also Read : Everything you Need to Know About Podcasting
With all the craze around e-books, being an e-book writer can also prove to a profitable business. Before diving into writing an e-book, you need to find your area of expertise and interest, and write something which will create value for your readers. Once written, it's important to extensively promote your e-book to the relevant audience to generate more sales. You can sell your e-book through your own website, on Amazon's Kindle Direct Publishing (KDP) platform, or through other publishers.
Also Read : All You Should Know about E-books
Services that make the household chores easy are gaining popularity fast. Laundry service is one such life saver for the millennials. A well-managed laundry business is something you can start and earn profit from. You would need a staff to take care of washing, ironing, etc. Regarding marketing, targeting young people, working professionals, and tying up with co-living space providers can help significantly.
Tailoring is one of those businesses which can be started with low investment. Depending on your budget and skills, you can start tailoring at a small level from your home with a sewing machine and once budget and experience permits, you can launch a boutique. Upon expansion, you may buy a pico machine, interlock machine, embroidery machine, etc. and diversify your specialities in tailoring.
Home Cleaning or Corporate Cleaning Services
Cleaning is an essential service that individuals, organizations, and others cannot live without. With the uptick in the number of corporate offices, co-working spaces, co-living areas, and serviced apartments, the demand for home cleaning and corporate cleaning facilities has surged. Hence, starting a business in this domain is certainly a good idea.
Home Maintenance and Repair Services
There is lot to do when it comes to home repair and maintenance. From electrical work to painting, plumbing, carpentry or roofing, many chores needs to be taken care of. Considering the huge demand, a home maintenance and repairing business can surely turn out to be a profitable one if executed right.
If cooking and feeding people makes you happy, then the catering business is for you. All you need to invest in is cooking utensils, ingredients that will be required for cooking, and some helpers. Once your setup is in place, you can start taking orders and supply food for parties, functions, and other events.
A grocery shop does not require much investment. The most important factor you need to keep in mind is that the shop should be in a good location. Try to provide the variety of goods that people demand, be open to home delivery facility, and watch as you gain loyal customers.
Mobile Repair Shop
As reported by market research firm techARC, India had 502.2 million smartphone users in 2019, and the number is ever increasing. Given the scenario, a mobile repair shop can undoubtedly be a profitable business you may consider. Besides repairing, you can also sell accessories and provide mobile recharge facilities in your shop.
Paper Bag, Cloth Bag, or Jute Bag Making
With the buzz around the danger of using plastic, manufacturing cloth bags, jute bags, and paper bags is an eco-friendly way of making money. With proper marketing and the fabrication of reliable bags, you will end up with a pretty solid business.
These business ideas might seem small as they only need an investment of INR 1 lakh or less. But the sky's the limit when it comes to profits. Once you establish your foot with these initiatives, you can easily scale your business to the next level. Focus on marketing and correctly executing your business model. You may not see overnight results, so hold your horses and be patient. Are you aware of some other business ideas that can be started with a low monetary investment? Do comment.
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Profitable Business Ideas: Earn 5-10 Lakh Every Month; Know Cost & Profit
If you are literally fed up with your current job and you eagerly want to start your own business that runs from village to small and big cities, then through this article, we are providing you ideas, through which you can earn huge profit and can easily earn 5 to 10 lakh each month.
If you are really fed up with your current job and you eagerly want to start your own business that runs from village to small and big cities, then through this article, we are providing you ideas, through which you can earn huge profit and can easily earn 5 to 10 lakh every month .
The demand for a cardboard box has increased a lot these days. We all need cardboard for packing every small to big items. The best feature of this is that the demand for a cardboard remains constant every month. No matter wherever you go, you are always in search of a better packing for any of your item. Cardboard is needed the most in an online business as well.
Know How to start this business and other important details of earning bumper profit every month !
What is Cardboard?
It is the thick paper that is used to make the boxes, in other simple words; the cardboard is a paper based material, which has a great thickness & superior durability.
Raw Material Needed For Making Cardboard?
The Kraft paper will be the most important thing, to start this profitable business .
The market price of Kraft is not much; it is around Rs 40 per kg.
The better quality Kraft paper you use to make cardboard, the better quality boxes will be made out of it, which will have the better durability.
Start Your Own Business in Southern States with Full Government Support
Owning a small business has several benefits, from independence, learning opportunities, financial pros, lifestyle changes to creative satisfaction, it is…
How Much Space & Machines Will Require?
You will need around 5000 Sq. of space , to start this business.
Not only this, a warehouse is also needed to keep the goods.
You will need two types of machines for this. One is Semi-Automatic Machine & the other one is Fully Automatic Machine.
The bigger the difference in investment between these two, the more will be the difference in their size.
How to Earn in Bumper?
The demand for this business has increased significantly during the Covid pandemic .
The profit margin in this business is also very huge.
If you market this business in a better way & make a good customer, then you can easily earn 5 to 10 lakh every month by starting this business.
How Much Money Will Require?
It all depends on you whether you want to start it as a small business or want to start a business at a large level.
If you start this business on a large scale, then you will have to invest at least Rs 20 lakh.
Starting a business with a semi-automatic machine can cost up to Rs 20 lakh.
At the same time, it is estimated that up to Rs 50 lakh will be spent on starting through fully automatic machines.
You can apply in any bank under the Pradhan Mantri Mudra Yojana to raise the funds to start this business.
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Top business ideas under 5 lakh investment that you can start today
The biggest obstacle in starting your business is funds. this article will share with you some business ideas under 5 lakh of investment with guaranteed good returns.
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Business ideas under 5 lakh, online selling, disposable paper plate and cup manufacturing, printing business, business ideas under 3 lakh: here's how you can set up your own business, from bakery shops to clothing stores, 7 business ideas under rs 2 lakhs, au small finance tumbles 5% in 4 sessions; what should investors do, stride ventures announces first close of third venture debt fund at $100 mn, explained: how to structure your salary to reduce your tax burden, multi asset fund or aggresive hybrid fund: what should you pick and why, errors in itr filing to extra audits: why your itr refund may be delayed, 17% below age of 45 don't get health cover because of uncontrolled diabetes, put checks in place to curb overconfidence, arbitrage funds: lower risk than equities and similar tax treatment, opening a restaurant, consulting agency.
First Published: Aug 28 2023 | 6:32 PM IST
Best Investment Plans in India and Money Saving Ideas
- 30 Best Manufacturing Business to start with 10 Lakhs or 15 lakhs
Many of us aspire to become entrepreneurs. Starting a new business involves huge investment. Some might be interested in starting a simple business and some think of starting a manufacturing business. If you are thinking of starting a Manufacturing Business with low investment, this article is for you. Which are the Top 30 Best small manufacturing business ideas that can be started under Rs 10 Lakhs investment? If you can afford some more investment, these could turn as best manufacturing business ideas to start with Rs 15 Lakhs too.
Also Read: 50+ Manufacturing Small Business Ideas to start with low investment
What is a manufacturing business?
The process of converting raw material or components into finished goods to be sold directly to the consumer or to other manufacturing units is manufacturing business. A manufacturing unit may be simple with few processes required to be done to a highly complicated one. It employs a man and machine set-up with a division of labor. The simpler manufacturing units do not demand much of the capital and can be set up a minimum of efforts. This article presents a few manufacturing business ideas that require small capital investment.
What is the future of manufacturing business?
The manufacturing business has entered into a dynamic phase. It has a high potential for growth, but one should forget the innovation factor in it. The conventional methods of manufacturing as well as marketing will not work now. Only the manufacturing units that have adapted according to the changing environment have been able to survive. Also, the degree of competition is much higher in every field now, which may pull down the profit margin.
Top 30 Best Manufacturing Business to start with 10 Lakh or 15 lakhs
Here is the list of business investment of Rs 10 Lakhs. If you can afford more you can invest upto Rs 15 Lakhs too.
1) Packing boxes and cartons – Packaging boxes and cartons have extensive use in our daily life. Things are transported from within the country or outside the country using these cartons and boxes. The cost of its manufacturing machine is between Rs. 5 – 10 lakh. One of the good business under 10 Lakhs to start.
2) Optical frame manufacturing – The manufacturing of optical frames for any kind of spectacle is growing at a very fast pace. Its manufacturing process is very simple. You could import machinery from China or any other country which would cost you around Rs. 3 lakh to 5 lakh. As the plastic is cheap, raw material cost is very low, screws are added manually or with the help of a machine and the final part is its designing if required. The total cost of manufacturing a plastic frame is around Rs. 150 to 200 including labour charges and its selling price is around Rs. 250 to 300.
3) Manufacturing of scented sticks – You can initiate scented stick making business. The profit margin in this business is Rs. 10 per kg and you can easily produce 100 kg of raw agarbatti in 10 hours with the help of one high-speed machine. The machine costs around Rs. 4 lakh.
4) Customized T-shirt printing – you might have seen people wearing T-shirts of their own names or some personalized message. Such t-shirts are much in trend these days. These are made with the help of a T-shirt printing machine. This can be another brilliant business idea.
5) Tissue paper making – Tissue papers are demanded everywhere, be it restaurants, coffee shops, tea stalls, food centers, weddings, parties, etc. You can start a manufacturing unit of tissue paper. The cost of tissue paper making machine is under Rs. 5 lakh. The scope of growth is immense in this business. It is one of the Best Small Manufacturing Business Ideas to start with low investment.
6) Jute bag making – Jute bags are used for packing different types of grains. For this business, you need two simple machines – one for cutting and one for sewing and with the help of two or three labors, you can easily start this business. It is a business of very low investment.
7) Packaged drinking water – Packaged drinking water is in high demand at commercial as well as residential places. With the growing hygienic concerns of people, its demand has even raised more. You can pack drinking water in various sizes like bottles of half a litre, 1 litre or cans of 10 or 20 litres.
8) Designer candle making – Designer scented and colorful candles are demanded throughout the year and especially near the festivities. They are extensively used as decorative in homes, birthday parties, and weddings, at restaurants, hotels, etc. The manufacturing of candles is done with the help of machines and the costing is also not much. It is one of the good manufacturing small business ideas to start with low investment.
9) Making of cell phone cases – The drastic increase in the use of cell phones has triggered the need for cell phone cases that protect the cell phones from being scratched or broken. It is a very profitable business. The cost of manufacturing 1 simple plastic case is under Rs. 30 and the selling price is Rs. 150.
10) Towel making – You can initiate the production of towels. They are always in demand at homes or hotels. The cost of manufacturing depends upon the machinery and the raw material used in manufacturing. Generally, its small scale business can be set up between Rs. 5 to 7 lakh.
11) Health and fitness Centre – It has become the need of the hour to keep ourselves fit. People are spending good sums of money to keep themselves with good health. This is the reason; it has become such a profitable business. Initially, you can start a center with a few types of machinery and as the business expands you can bring more lately.
12) Spa services treatment – Spa is an excellent medium to relax mentally and physically. Spa treatments include body treatments, facial massage, aromatherapy, hydrotherapy, manicure, pedicure, etc. This is one of the best business under 10 lakh to start. You need to ensure a good and peaceful environment and soothing ambiance for this business.
13) Ball pens manufacturing – The cost of a ball pen is between Rs. 5 to 10 in the market, so just imagine how low would be its manufacturing cost. It is one small scale industry that requires very little investment and the production is in bulk. Just use good quality ink and build the required reputation. Design and appearance also matter a lot in this business. It is one of the Best Small Manufacturing Business Ideas under Rs 10 Lakhs.
14) Soap and detergent manufacturing – Soaps and detergent can be manufactured easily with the help of man and machines. These are routine items that are used in every household, so the demand is constant. These days, herbal soaps and detergents are preferred over synthetic ones. So design a good eco-friendly formula and mint good profits out of it.
15) Manufacturing of toys – There is a plethora of toys available, from which one can choose like plastic or wooden or stuff toys. Prepare an entire range of it. Toy-making is an art. You can use your creativity to generate a variety in it. The investment depends upon the kind of toy you have selected. It is one of the Top Manufacturing Small Business Ideas to start for high profits. This could be one of the best business to start with Rs 15 Lakhs investment
16) Fireworks manufacturing – Fireworks are in great demand during the festival and marriage seasons. Bright and colorful crackers are demanded to celebrate the occasions. This industry has a very good margin with the raw material being very cheap.
You may like: Latest Manufacturing Business Ideas in India
17) Women accessories – Accessories like earrings necklaces, bangles are one of the favorites of every woman. There is a wide range of designs which can be made like stonework, beadwork, silk thread, etc. The focus should be that the raw material has to be good and design has to be unique. Use your creativity and come up with the best jewelry designs to take your business to successful heights.
18) Protective Packaging material – with the initiation of e-commerce, the demand for protective packaging material like foam sheet, thermocol sheet, bubble sheet have escalated a lot. Their manufacturing process is quite simple and the investment is around Rs. 10 lakh.
19) Eco-friendly disposables – Keeping in view the harmful effects of plastic disposals, the demand for eco-friendly disposals have risen. They are highly demanded in weddings, parties, at mobile food vans, tea stalls, etc. You can easily initiate a business in which eco-friendly disposals are produced. The investment in this small manufacturing business is around Rs. 5-7 lakh.
20) Garment manufacturing unit – With the increasing fashion trends, garments have been in the highest demand and it is ever-lasting. You can lay down a garment manufacturing unit with an initial investment of Rs. 8 to 10 lakh.
List of Business Ideas under 10 Lakhs
Here is the list of some business under 10 lakhs.
1) Catering business
2) Travel business
3) Fitness centre
4) Dance classes
5) Water purification business
Conclusion: It is not compulsory that a business can be initiated with huge capital only. At the initial stage, start with little capital, nurture it with hard work and dedication and later on, you can expand it to take it to the pinnacles of success.
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Hi sir i’m viswa ,andrapradesh,from kurnool. I’will srach by 10lackhs business with good morgine. Pleade advaise me
How much will it cost to packaged drinking water,how much we have to invest
How much will it cost to start a packaged drinking water factory ( like Bisleri or Kinley) at small scale
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About Suresh KP
Hello, this is Suresh KP , the founder of this blog. I have written over 2,500 articles on this blog covering various investment options in India. I am a Certified Investment Adviser and a Certified Research Analyst. However, I am NOT a SEBI Registered Investment Advisor . The articles on this blog are created for educational purposes only. Please consult your investment adviser before making any investment decisions.
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Best Business ideas under 5 lakhs in India
- by SBH Team
- June 17, 2023
Small businesses play a very important role in generating employment in India.
If you have a small capital i.e. less than 5 lakh, in which you are thinking of starting a business, this article can be helpful for you.
Some of the business ideas given below are suitable for starting in Metro or Tier 1 cities, while others may be suitable for starting in rural or suburban areas.
Therefore, it is essential to do proper market research before you take any decision to start any business.
Here are the best business ideas that you can start with under a 5 lakh investment.
Best Business Ideas Under 5 lakhs in India
1. xerox shop business.
A xerox or photocopy shop business is one of the few businesses that you can start with an investment of less than 5 lakhs.
To start this business you need a small rental shop in a good location. Locations near schools, colleges, banks and offices are ideal for this business.
Also, you need some equipment like a xerox/photocopy machine, lamination machine, spiral binding machine, computer system etc.
Also Read: Business Ideas Under 50,000 Rupees in India
2. Car Washing Business
The number of four-wheeler buyers in India is increasing significantly year by year. If you choose a good location and start a car washing business , you can definitely be successful in this business.
Service quality is very important in this business, good service can earn you repeat customers.
Starting this business requires a rented shop with ample parking space and proper water resources. You will also need tools like a hydraulic car wash lifter, pressure washer and vacuum cleaner etc.
3. Home-made Food Tiffin Service
Who doesn’t love homemade food? Far from their homes, many people who work in cities prefer home-cooked meals instead of eating out in restaurants.
So, if you are interested in cooking, you can easily start a tiffin service business at your own home.
You need small investments to buy cookware, ovens and tiffin boxes. For delivery, you can do it on your own or you can partner with a delivery agent.
To operate this business on large scale, you may require an FSSAI licence from the government.
4. Party Decoration Business
A Party decoration business can be started with low investment. By starting this business you can help people celebrate their special moment and you can also earn a good income.
You can decore events like birthday parties, anniversaries, wedding parties, bridal showers, baby showers, engagement parties etc.
To start this business you require a vehicle for transportation and a small rented shop/godown to store decorating items. Initially, you can begin as a home-based business to cut down on expenses.
5. Pest Control Business
The pest control business has seen considerable growth in recent years. In India, this industry is growing at 15% each year.
With pest control, harmful insects that can harm human health and damage properties can be brought under control.
Since this business involves the usage of dangerous and toxic substances, you require a valid training licence from the Indian pest control association.
To start this business you need a used vehicle for transportation and equipment like duster sprayers, granular spreaders, bait guns etc.
6. Grocery store and Delivery business
The grocery store business is an evergreen business. No matter how much online platforms try to dominate, the need for offline grocery stores has never decreased and it is not going to decrease.
Most of the grocery stores that exist now are conventional types, if you open a modern-style store, you can attract more customers.
In today’s modern grocery shops, billing software and the facility to accept online payments are essential. Billing software is beneficial in stock management and accounting of business profit and loss.
There is a massive demand for grocery home delivery services. As large grocery delivery companies operate only in metro cities, there is a vast demand for grocery delivery in tier 2 and tier 3 cities.
How to start ‘One Person Business’ in India | Complete Guide
7. Cleaning Service
There is a huge demand for residential and commercial cleaning services in India.
Initially, you can start with a home or residential cleaning service and once you gain experience in the field you can add commercial cleaning like offices, hospitals etc.
Some of the house cleaning services are deep cleaning, bathroom cleaning, kitchen cleaning etc.
To start this business you need some equipment like a pressure washer, vacuum cleaner and a used vehicle for transportation. You also need manpower of 3-4 people.
You can print flyers to market your business and list your business on online marketplaces like urban company .
8. Organic Food Shop
In recent years people are becoming more aware towards their health. So people want to eat healthy food grown without using synthetic or chemical fertilizers.
Although the price of organic products is a bit higher, there are many health-conscious people who want to buy them.
The organic food market in India getting strong growth. There is high demand for these stores in Tier 1 and Tier 2 cities.
After the Covid-19 pandemic, the demand for organic ingredients has increased even higher.
You can get organic products from the big companies available in the market.
9. Real Estate Agent
A real estate agent connects buyers/tenants and sellers for real estate dealings and acts as a mediator. In developing countries like India, there is a huge demand for the real estate industry.
Choose your real estate specializations like sale/rent residential properties or commercial properties. To get clients you can use real estate classified platforms like magicbricks, 99acres etc.,
To become a licenced real estate agent in India you should obtain a RERA ( Real estate regulatory authority) registration from the state government.
10. Stationery Shop Business
Schools, colleges and workplaces are ideal places to start a stationery shop business .
In a stationery store, you can sell paper products like notebooks, notepads, diaries, winding books and non-paper products like pens, pencils, markers, gifts, and art & craft supplies etc.
As most of the products in the stationery store are used by teenagers/youth, you should stock the latest trending products in your store.
You can source items from wholesalers in your area and stationery items have a good margin of 30% to 40% on product sales.
This is the list of best business ideas under 5 lakhs that you can start in India. If you like this article, please share it with your friends and family. Thank you.
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Top 10 Business Ideas Under 5 Lakh To Start in 2024
Business Ideas Under 5 Lakh: Most businesses fail not because of planning but because of capital. In 2024, everybody wants to start their own business, but they don’t have enough money.
So in this article, I came up with a solution: now you don’t need high capital to start your own business; you just need 5 lakh rupees. So read this article until the end. And don’t miss any business ideas.
Table of Contents
What can I do with 5 lakh?
With this amount of money, you can start different types of businesses. And if you don’t know what type of business you can start, then read this full article. Because after reading this article, you can start your own business with just Rs 5 lakh.
10 Best Business Ideas Under 5 Lakh
- Business Of Making Soap And Detergent
- GYM And Fitness Center
- Cafe Business
- Disposable Plate and Cup Manufacturing
- Wedding Equipment Rental
- Online Advertisements
- Water Purification Units
- Printing Business
- Spa Services
1. Business of Making Soap And Detergent
Well, who would have guessed that our daily show would have soaps and detergents as its main stars? It’s like getting daily front-row tickets to a sudsy show.
Guess what’s hot right now in the world of soaps? natural soaps! Yes, going all-natural is the biggest trend since bread, and people are doing it in record numbers.
The agreement is that if you have some 4 to 6 lakh (about equivalent to a large amount of Monopoly money, but genuine), you may establish this firm and start producing superior detergent and soap. You’ll quickly become the master of soap.
All you need to do is hire a few people and gather some equipment, supplies, molds, and expensive kitchenware. It’s similar to whipping up a storm in the kitchen, except you’re actually manufacturing soap.
And who knows? You might establish yourself as the local soap legend. [Business Ideas Under 5 Lakh]
2. GYM And Fitness Center
Ah, the well-known conflict between delectable food and terrible fat! In our Indian homes, it feels like a never-ending conflict.
Imagine that some people are out there living a less-than-healthy dream. To become the new fitness craze, they want to hit the gym or a fitness facility.
There is no gym or fitness center in your neighborhood, but here’s the twist: if you have Rs. 3 lakh to 5 lakh to spare (or, as we like to say, a bag of potato chips and a soda), you could be the hero we all need. You could start your own gym.
And you can splash out on new exercise equipment when more people begin to swarm to your gym (because who can resist those dumbbells and treadmills?). It’s like going shopping, only you’re buying machines and weights instead of clothes. Who knows? You might emerge as the local fitness expert.
Read More: Minimum Redeem 1 Rupee Paytm Cash Earning Apps
3. Cafe Business
Now pay attention, aspiring coffee entrepreneurs! Ever wanted to swim in a daily pool of five lakh people? Guess what? The cafe industry may be your route to success.
These days, cafes are the cool kids on the block. People congregate there to drink coffee, visit with friends, or spend great “me time.” It’s like an event to which everyone is invited.
The key ingredient is location, location, location! You must locate your business close to a market, an office center, or a university. The line would go around the block if you opened an ice cream stall on a hot summer day.
There’s more, though—branding! Like giving your pet goldfish a name, you must give your cafe a personality. How about the inside decor? Make it so posh when visitors enter that they exclaim, “Wow, I need to Instagram this ASAP.”
And the food and beverages must be so delicious that customers keep coming back for more. Making people say, “Abracadabra, I’ll have another latter, please,” is like becoming the flavor wizard. [Business Ideas Under 5 Lakh]
4. Disposable Plate And Cup Manufacturing
Gather ’round, people, because we’re going to talk about a hot topic: the fight against single-use plastic! People are abandoning plastic and using single-use paper plates and cups instead. It’s like giving your picnic game a makeover.
Talk about a plastic ban—India even outlawed single-use plastic! Who, though, is enjoying it? the industry of paper cups and plates. They seem to have struck the lottery.
The good part is that you may join the eco-friendly movement for a relatively small sum of money—roughly Rs 5 lakhs. It is comparable to setting up a lemonade stand with paper plates and cups.
Hold on, though; there are a few things you’ll need. Like some land, some equipment (to produce those chic plates and cups), some electricity to run those equipment, and some laborers. It’s like establishing your own tiny paper empire.
Let’s now discuss money. You’ll be spending money on equipment, perhaps renting a location, and paying your devoted team. Additionally, you have regular expenses like water and electricity. It is similar to managing a tiny paper kingdom.
And what materials are required to create these green wonders? It’s like arts and crafts for adults when you have lamination sheets, kraft paper, and sitting plates. Also, don’t overlook the paper plate and cup dispenser, which steal the show. The price varies depending on how far you want to go.
Paperwork alert, too!
You’ll require permits such as MSME registration, GST registration, Udyam registration, and approval from the Pollution Control Board. It’s like getting an invitation to a VIP party with paper plates and cups.
Finally, you’ll need a couple of trained personnel to operate the equipment and assist with packaging and deliveries. You’re invincible, just like if you had your own paper plate and cup squad. [Business Ideas Under 5 Lakh]
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5. Wedding Equipment Rental
Hello there, lovers of weddings, No matter where you live, weddings are always in style. So why not use weddings as your platform for making money? Welcome to the rental market for wedding supplies, where business fantasies come true.
All you need is a little area to store the equipment that is available for rental. It’s like having your very own wedding treasure chest.
The exciting thing now is that you get to decide what kind of wedding equipment you wish to rent. It’s like being a kid at a candy store, only with wedding supplies instead of candies! With wedding apparel, jewelry, tents, rugs, furniture, chair covers—you name it, you can go all out.
Hold on tight, though; you’ll need to do some research on your rivals and accurately determine your prices. It’s like a pricing game where you always come out on top. [Business Ideas Under 5 Lakh]
The secret ingredient is to provide some extra-special services to draw in new customers and keep your present ones coming back. It’s similar to sprinkling some fairy dust on your company.
Let’s now discuss money. About Rs 4 to 6 lakh will be required to get this concert going. The majority of it will be used to hire a location for your wedding equipment paradise.
The real equipment will then be purchased. Also keep in mind your regular expenses, such as rent, utilities, water, and the salaries of your dependable employees. It’s like managing an amusement park with a wedding theme.
You will require licenses such as GST registration, trade registration, tax ID permit, and business tax permit registration. It’s like getting success stamps in your passport.
You’ll need at least one employee to help you operate the business, speaking of which. In the world of weddings, it’s similar to having a sidekick.
You ask, “ And who’s your target audience? ” Your VIP visitors are event management companies, wedding planners, and anyone organizing a spectacular family wedding.
Thus, now that you know how to make weddings your company, you can become the wedding expert that everyone looks to for their special day. [Business Ideas Under 5 Lakh]
6. Online Advertisements
Internet Explorer, hello there! The internet is now the place to be, so get ready for an online experience. You may profit from the online pie-eating frenzy that every company is engaging in.
What? Online advertisements brought in a staggering Rs. 600 crore in 2019. That’s a lot of 0s, I tell you. The good news is that you can join this money-making celebration.
All you need to invest is between one and three lakhs. It’s similar to setting up a lemonade stand, but instead of lemons, you have a computer and the power of the internet.
The catch is that you need to be knowledgeable. Learn the ins and outs of social media, get comfortable with online ads, and sharpen your networking abilities. It’s like becoming the internet’s Sherlock Holmes.
What’s best? If you discover your own customers and satisfy their needs, you can make a large chunk of money in this industry. It’s like having the power to grant wishes in the digital realm.
So get ready to surf the internet’s waves and don your online adventure hat. It’s possible to make money online, and all it takes is one click. [Business Ideas Under 5 Lakh]
Read More: Top 7 Best Websites to Earn Money Online For Free
7. Food Truck
Hold on, gourmands! We have a delectable suggestion for you that is just as hip as those eateries serving avocado toast. Awaiting the news? Move forward.
Imagine that you manage to acquire a vintage car, similar to a throwback food truck from the past. But rather than simply wandering the town, you transform it into a mobile food paradise. It resembles a food truck but has a little extra flair.
Here’s the amazing part: People adore this because it functions as a mobile version of a restaurant and is much more hygienic than open food stands. You’re like the master of the gourmet food truck.
There’s more, though; you’re not constrained to one location. No, you get to drive your food truck wherever you want and park it however you wish. You name it: a corporate office, a university campus, or a popular tourist destination. It’s like using your food truck as a musical chair.
Let’s now discuss money. You only need 5 lakhs to start this delectable trip. Similar to having a backstage pass to the food truck craze. The best thing, though? Zero rent! It’s like getting a truck parking spot that’s free.
But quality and hygiene are the real secrets to success. You’re in the clear if they enjoy your dish and know it won’t upset their stomachs.
There you have it—a mobile food truck feast. Prepare to serve up goodness and eat your way to stardom as a foodie. Who knew that a foodie’s dream might come true with an old car?
8. Water Purification Units
Okay, people, here’s the scoop: We have a business concept that involves water and is causing a stir. No, pure, drinkable water—not the kind you find in your neighbor’s pool.
What makes this concept a success, then? Low investment and high profits are the key concepts. It’s like winning the business lottery without going bankrupt.
The strategy is as follows: You must build up a water purification facility. Consider it your headquarters for purifying water. You’ll also need to take care of the packaging and delivery because we can’t have individuals carrying water barrels around.
The trick is that obtaining certification is like awarding your company with a gold star. You know, people believe in a certified water magician.
Who is now in need of your water? Depending on the demand in your region, you can choose your target market. There are countless options when choosing the perfect flavor for your ice cream shop. You can provide services for businesses, homes, offices, hotels, and more.
There you have it—a company concept that is as cooling as a glass of ice water on a hot day. Make a splash, jump in, and quench your entrepreneurial thirst. [Business Ideas Under 5 Lakh]
9. Printing Business
Consider launching a business. Here’s a thought that’s hotter than a jalapeno in a salsa competition, though.
You know how things like business cards, wedding invitations, and newspapers are always needed? It turns out that they need to be printed; they don’t just materialize by magic. You may be that person.
However, there’s still more! To spice up your services, you may even add flex printing and Xerox (no, not the superhero, but close).
Let’s now discuss the initial costs. You don’t need to crack open your piggy bank, so grab it. You don’t need more than Rs. 5 lakh to start your printing experience. You might need a few additional pairs of hands to help you out (not literally unless you have a cloning machine).
As your job increases, you may enlarge more quickly than baked dough. And what’s this? The profit margins in the printing industry are so high that they’ll make using your grandmother’s recipe for her special cookies look easy.
There you have it, everyone! Printing is no longer limited to paper. It also pertains to your bank account. [Business Ideas Under 5 Lakh]
10. Spa Services
Well, a spa might just be your superpower to escape the monotony of everyday life!
We all need a little respite in the crazy world of interminable work hours and the drive from hell, right? The spa can help with that. Your body and mind experience it as a miniature vacation.
What can you now give your spa-loving customers? Consider getting a complete body massage, having your feet pampered, getting a head massage that makes you forget your own name, getting a facial that can compete with the fountain of youth, and more! It resembles a menu of tranquility.
The best thing, though? You can launch this business without having to sell your kidneys. Recall that location is everything, people. You shouldn’t locate your business adjacent to a building site. And cultivate a chilly environment that could cause an ice cream shudder.
So there you have it, folks: a spa business where the focus is on relaxation rather than paying taxes. It’s time to enjoy those profits! [Business Ideas Under 5 Lakh]
Now I hope you like all the business ideas. Also, comment on which business you should try first, and if you want more information related to business and earning money online, then read our other blog posts.
Aman Singh is a web developer, blogger, and digital marketing expert. He is working in this field for the last 5 years. That's why he thought that the knowledge of these different fields.
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What Business Can I Start With 5 Lakhs in a Small Town?
Big cities, big markets, and therefore big money seems like a myth now. With the huge technology giant at your fingertips, a small town resident can reach the sky if he has the right vision, mission, and the brains for being a successful entrepreneur. However, it will do wonders if you have a talent or a hobby or passion that you could twist into a business and win the bread. The major concern for an emerging entrepreneur is always the monetary one. A person with some inherited luck does not have to worry, but another with zero investment has to brainstorm for some amazing business ideas under 5 lakhs. He, too, can turn lucky in a way, as nowadays for the banks or any other monetary source, a small business under 5 lakh is an easily fundable amount.
There could be immeasurable business ideas if you think it through. But the best way to begin would be to play your strengths. Think about what you are really good at, and is there a way you could turn it into a small-scale business venture. When your hobby becomes your business, you bring it up and nurture it like your own baby and see it flourish with your own eyes.
Here are some avenues for those desirous of starting a small-scale business below 5 lakhs in their own small town.
1. Food and Catering
The post-2019 period has seen a significant rise in the food, catering, and tiffin services. A homemaker with a culinary mastermind can cater to the thousands who need to be fed an afternoon meal but have no easy access to an eaterie within their limited means. Catering for a limited 50 to 60 people is an easily doable and affordable job in the current "no more than 50 people allowed for a function" scenario. Apart from delivering safe, healthy, and home-cooked food, one can also make their own brand of masalas and spices with a distinct flavour and monopolise it.
Renting a small place and transforming it into a bistro or a small cafe and snack corner, with a cosy ambience and soft playing music in the background, can attract foodies and other "just feel like munching" fans of a small town. You can add weightage to your joint with a good takeaway service too. Further branching out and providing recommended diet food to the ailing patients in the nearby hospitals or care centres would be a thinkable option too. People get used to the taste that they usually like, which results in hundreds of reorders as well as pre-orders. This definitely could be called one of those few good food manufacturing business ideas under 5 lakhs.
If you know your way around a sewing machine, then what could be a better business startup under 5 lakhs ? The world is full of sophisticated fashionistas irrespective of the size of the town they live in. Buy fabrics of your choice and design fashionable clothes for the umpteen fashion crazy people and at the same time create employment for up to two to three more who have the skill and technique. If you sum up your sewing machine (even if you buy three to four), your helpers, your fabrics, accessories, bows, and buttons, the total of it gives you one of the few best business ideas with a 5 lakh investment .
You could also teach some of the enthusiastic local homemakers to knit and embroider. Build your reputation as an established seamstress by offering your potential customers an "all under one roof" advantage by designing and making accessories that match their outfits too. It makes them keep coming back for more.
Then, change that needle, change the thread, adjust the tension and give them their "more".
3. Yoga and Fitness
The huge propaganda of celebrating International Yoga Day on 21st June every year has seen a sudden surge in awareness about health and yoga. If you are an enthusiastic and trained fitness or yoga instructor, you can always consider this one of the few best business ideas under 5 lakhs. All you need is a rented studio and a bit of advertising through newspapers and social media. Clubbing yoga classes with Zumba and Aerobics sessions is a great way to attract the health-conscious population of every age, be it a homemaker, the working crowd, the teenagers, or even the senior citizens. Add a nutrition expert to your team, and you could do wonders if you have the passion and the ability for it. Conducting free sessions, camps, and casual, informal fitness dance sessions builds your image as a "know it all" about health and fitness. So grab your dancing shoes, turn up the volume, and rock the floor.
4. Art/Drawing/Handwriting/Creative Crafts
Being good at business is great art. But what if it's your art that gives you a good business? We would say that it is an intriguing idea. And what's more, if an artist is a good teacher too, it's the icing on the art cake. Being an artist gives you an edge as there are various sub-branches that you could teach or introduce in a small town. You could take an art class for kids, a handwriting session for students, some canvas, sketch, rangoli, and numerous other kinds of painting workshops for the young and the old too.
Corporate gift wrapping is another budding business idea these days, and you could master it too. You could team up with your local corporators and government officials and paint the town red. Almost literally. Art exhibits would greatly attract the town's attention and establish your art brand and take it to the next level. All art material and accessories that you need on a primary level should definitely sum up to an amount below 5 lakhs. So, go brush it up!
Teaching a 3-year-old needs a lot of patience, a tender heart, and a fun-loving soul. If you think you are a combination of these, a daycare centre and preschool would be fantastic small business ideas under 5 lakhs . A quality preschool or a daycare is always welcome where there are homemakers. And homemakers are everywhere. You could relieve them from their parenting duties for a while and bless them with a good "me time". Your patience and soft-hearted nature would do wonders when it comes to teaching singing, dancing, and drawing and craft to the small wonders. You could help these little stars twinkle. Teach them how a little teapot is short and stout, how to buckle their shoes, how not to sit alone on a wall, and how a sheep says BAA BAA.
When we look at the glorious list of great and successful businesses, we are likely to respond to their success stories in a variety of ways depending upon our perception. Some may have started because they were inspired by others. Some must have started from scratch, while others might say they were just lucky. However, of these different possible ways of looking at their success, only inspiration is welcome.
There could be a whole lot of potential businessmen and women amongst us. All it takes is a strong will, some basic talent, and a little bit of grit and perseverance. As the saying goes, "well begun is half done", we wish you to plan and play your business game well with the help of these ideas and attain success.
1) Online Business Ideas You Can Start Quickly 2) What online business can I do to make money? Here are the top-6 ideas for you. 3) Where Do the Best Business Ideas Come From? 4) Best Home Business Ideas in 2020 5) OkCredit: All you need to know about OkCredit & how it works.
Q. What small business can I start with 5 lakhs?
Ans. You could start a small food and catering business or a bistro or an eatery. Fashion and tailoring is a good venture as well. Cleaning services, daycare centres, or art classes are also good businesses that can be started with just 5 lakhs.
Q. What businesses do well in small towns?
Ans. Art classes, Fashion and tailoring, food trucks, baking, preschools, bistros, cleaning services, yoga, Zumba, and aerobics get a good response in small towns.
Q. What is the cheapest small business to start?
Ans. Food and lunch tiffins, babysitting, home tuitions, private tuitions, cleaning, and gardening services are some of the cheapest small businesses to start with.
Q. What are the most successful small businesses?
Ans. Beauty salons, spas, fitness clubs, art and dance classes, home and personal tuitions, preschools, and daycare centres.
Read the best of business ideas, tips for small businesses, the latest update on technology & more by OkCredit.
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Business Ideas Under 5 Lakhs
Business Ideas Under 5 Lakhs: Starting your own business can be an intimidating prospect, especially if you don’t have much capital to invest in it. But fear not! In this post, we’ll show you 10 of the best business ideas that don’t require any upfront investment at all!
These business ideas should all earn you Rs 30,000 to Rs 60,000 per month under normal circumstances, and they’re simple enough that you can start them while still holding down your day job. All you need is some basic skills and knowledge of how the business works; no special training required!
Five Business Ideas That Can be Started Within Rs.5 Lakh
If you are looking to start a business, but aren’t sure where to begin. This post will share some of the top business ideas under Rs.5 Lakh, that you can take up today and make profits within next six months or less depending on your commitment.
Now let’s begin: (1) Mobile Repairing – The smartphone revolution is here and here to stay! While we have a short-term memory and conveniently forget our smartphones are almost always in need of repair, there is a massive opportunity for people who can do on-the-spot mobile repairs.
If you love taking things apart and putting them back together again, starting your own mobile repair shop might be your ticket to quick profits under five lakh rupees.
1) Selling Local Products Online
If you’re looking for business ideas with low investment and good profit margins, it makes sense to look at what’s already selling in your area. Locally made products and services do well on websites like Amazon and Etsy. For example, if you live in a city that has a lot of wine tasting tours available, you might want to consider selling wine-related accessories as an Amazon affiliate.
That way, every time someone buys something related to wine from Amazon—think bags or cases—your earnings will increase accordingly. The same principle can be applied across other industries too. If you live near an upscale neighborhood or popular tourist attraction in your city, for example, home elledecor items and services are almost always in demand as well.
2) Selling eBooks Online
Writing and selling eBooks online is a great business idea that anyone can start without spending much money. Once you learn how to do it, you’ll be able to sell eBooks as your full-time job in just 2 months. Here’s how you do it: Assemble an amazing book and publish it on Amazon Kindle or other platforms like Lulu or Smashwords .
Set up a landing page for your eBook, where people can register their email address to get updates about your book launch. Then contact each person who has signed up by email to let them know when your book will be ready and ask them if they want a free copy in exchange for an honest review on Amazon. The more reviews your book gets at launch, the higher it will rank on search engines like Google .
Do some interviews to promote your book or partner with someone who already has some influence with potential customers (maybe another author) and have them include a link back to buy your eBook when they recommend yours (as long as there’s no hidden affiliate links). Get creative with giveaways — set up something special only available to those buying copies of your book.
Promote yourself by making videos of yourself talking about different aspects of writing a successful eBook and posting them across social media channels. Don’t forget local newspapers are always looking for good stories from local authors! Make sure people know exactly what problems you solve with your product so there are no surprises once it’s delivered.
3) Personal Branding – Become an Influencer!
By becoming an influential figure in your industry, you will be able to provide value to others as well as create an online business that brings revenue. Be careful when creating content online—it is important to present yourself as a professional and someone who knows what they are talking about.
Having credentials and being active in your industry will help bolster your credibility and set you up for success. It can also help if you have famous friends or family members willing to promote you on their social media accounts or blogs! Just make sure your networking activities don’t come across as pushy, since that could turn off potential customers.
You want others to want you because of how awesome you are, not because they feel obligated to buy from or promote you. If you put out helpful content without any expectation of reciprocation, it will pay off big time down the road. Customers (even those who may not know you personally) will likely connect with you through shared interests, connections or experiences.
A little bit of branding goes a long way! Put some effort into establishing yourself as an expert and delivering high-quality information through written posts or videos; then start receiving accolades from others for doing so—and watch your popularity increase organically over time.
4) Starting A Small Store Or Bakery From Home
Starting a small store or bakery from home is an excellent idea for people who want to be their own boss. However, you do need a source of capital to get it started. Starting your business in your house has some advantages: Firstly, you have space and you don’t have to pay rent.
Secondly, everything will be under your control and no one can walk away with any valuable stuff. When deciding on what type of product or service to offer in your shop, do some research first on which products and services people are looking for at affordable prices within close proximity of where you live. Then, put together a business plan that explains exactly how you plan to go about achieving that goal.
This plan should include all expected costs as well as financial projections detailing how much profit you’ll make after taxes and paying all expenses involved in running your shop. Include details such as price points, estimated clientele size and operating hours of your store (if applicable). Remember that every neighborhood offers different opportunities; pick something that suits where you live.
5) Buying, Renovating and Rental Properties
Owning rental properties is a great way to build equity and ensure passive income, especially if you have an eye for renovations. You can buy inexpensive houses, fix them up and rent them out to tenants who pay you on time every month.
Buying old properties can be difficult because it takes time to find willing sellers and to get down payments, which often need to be larger than usual in order to make major improvements. If you’re looking into buying property as an investment.
6) Affiliate Marketing Through Content Sites
Affiliate marketing is a great way to monetize your existing audience and make extra money online. It works by you promoting other people’s (or company’s) products, services or information for a commission, referral fee or lead magnet/discount code that gives your audience access to a free trial or discounted purchase of that product.
The key to success with affiliate marketing is to choose your products and services carefully so that you only promote high-quality products that are relevant to your audience. Once you have picked out something you are passionate about (and believe in), like fitness programs.
It is simple to find affiliate partners who sell quality programs in that niche. This will ensure long-term success through repeat purchases from customers who know, like and trust you.
7) Create An App And Sell It Through Apple’s Or Google Play Store
You might want to start a business that relies on you creating an app, rather than selling one. You may want to create apps for several different industries and niche’s, but it all starts with one. This is more time consuming and expensive as you are going to have to design your own software from scratch.
However it will pay off massively in the long run. There are also many online companies such as Fiverr that allow you to outsource development at very reasonable prices (hundreds not thousands). So let’s take a look at why developing your own app is an excellent idea for your next business venture.
8) Starting A Side Gig To Generate Extra Income
Having another source of income can sometimes be a good safety net. It gives you something to rely on when you aren’t sure if your primary source will cover all of your expenses. Plus, while your side gig likely won’t make you enough money to quit your day job, it can still be a lot of fun and allow you to do something creative as well as possibly reap financial benefits down the road.
Here are some ideas for things that would fall under starting a side gig babysitting/dog walking/plant watering, cleaning services (housecleaning or floor washing), delivering packages or food via bike messenger service, promoting products online (i.e., blogging/vlogging) or offline (give out samples at local events or sell used items online).
Coaching people one-on-one in an area you’re an expert in (self-development or life skills), selling arts & crafts online on Etsy or at local craft fairs… There are many ways to find income streams; start brainstorming! Some great books I recommend reading: The 4 Hour Work Week by Tim Ferriss and Crush It by Gary Vaynerchuk .
Also Read: 10 Awesome Business Ideas Under 1 Lakh
Starting a business doesn’t have to be complicated. Just remember: Keep it simple, and find something you’re good at. You’ll build a better company—and a more profitable business—if you do. It also helps if you can find your passion; that will make work feel less like work.
Remember, though, passion is just a starting point for success in any field; don’t let it distract from what’s truly important—making sure your customers are happy with your service or product.
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10 Best Business Ideas with Under 5 Lakhs Investment
- Explore Ideas , Top 10 Business
Business Ideas with Under 5 Lakhs – Business is one thing in this day and age that whenever actualized appropriately can acquire you a parcel of benefits. The main part of any business is business thought and capital speculation. Albeit numerous individuals concoct various thoughts yet they normally do not have the capital. This is the essential explanation for why they neglect to build up a fruitful business.
Also, a business gives you the sole position to work as opposed to executing another person’s requests. In the event that you need to begin business ideas under 5 lakhs interest in India then you have come to the correct spot. Today, we have selected some profitable businesses which you can start with an initial investment of under 5 lakhs. In this list of businesses, some ideas are manufacturing based and some are service-based.
Table of Contents
1. Wedding Planning Business
This business idea, which can be started with an investment of up to five lakhs, is linked to the need of man, in which he spends outside his competence, only because his work is completed successfully. If someone is going to get married in the house, then the whole family lives in tension as to how all the work will be completed. Because a lot of money is spent in weddings in India and it takes a long time to carry out various procedures.
In such a situation, people who do not have time to manage all this, they move towards the wedding planner. This is to say that the main source of income for the entrepreneur planning the wedding planning business is the people who do not have time to prepare for the wedding. Creativity can be the key to the success of this business.
2. Paper Carry Bag Making Business
Due to the ban on plastic carry bags, the demand for paper carries bags is increasing in the market. Therefore, implementing this business idea can be a profitable deal for anyone. Since the task of making paper carry bags is very simple and one machine can produce thousands of bags.
Therefore, this business is also a business that can be started with an investment of up to five lakhs. As far as profit in this business is concerned, the entrepreneur can earn up to 1-1.5 rupees on a carry bag. To earn more, the entrepreneur can start the business of printing on paper carry bags.
3. Water Tank Cleaning Business
The business of cleaning water tanks can also be started easily with an investment of up to five lakhs. The entrepreneur who starts this business is very important to be tech-savvy. Because this business earns when the entrepreneur collects the help of water cleaner tanks, vacuum pumps, high-pressure jets, etc. in a house, building, commercial complex, hospital, hotel, school, college and more. Is cleaned with Hence the entrepreneur adopting these business ideas is required to be Tech Savvy.
4. Food Delivery Business
By food delivery business we mean a business in which the entrepreneur takes the responsibility of delivering the food delivery to the house and plays it well. In the beginning, the entrepreneur should do this business keeping in mind the local market.
This is to say that it is very important to research in the local area how many food outlets are there in that particular area and whether people have the habit of ordering food at the home, office or not. Initially, with two delivery buoys, this business idea ie food delivery business can be started with an investment of Rs 5 lakh to 2.5 lakh.
5. Business to Make Uniforms
Currently, all schools, whether they are general academic schools or business schools, have made dress codes mandatory for their students. Apart from these, a dress code is also prescribed for some colleges like medical colleges, law colleges etc. Would like to make you aware that this is also a business that can be started easily with an investment of up to five lakhs. Therefore, the entrepreneur should tie up with the above-mentioned institutions to bring success to his business.
6. Tour Guide Business
Do you know much about the local culture and history of the place where you live? | Do you like to talk to a group of people? Do you like seeing the enthusiasm in someone else’s new experiences? If the answer to all these questions is yes, then you should start a tour guide business.
Keep in mind, as a tour guide, you should know the historical facts about each location in your local area and should also present this information in an entertaining manner to someone else. However, for this business, a location is required where the tourists come more. But this business can be started at a very low cost.
7. Housekeeping Service Business
Currently, housekeeping is required in various offices and hotels and more. Therefore, if a person has knowledge of management, and more, you can start a housekeeping service business with an investment of less than five lakhs or up to five lakhs. This is to say that the cleaning staff, whether in the hotel or in any other company, are mostly employed through the agency.
In such a situation, this business can be started with very little investment, but for this, it is necessary to have communication skills and knowledge of management. By adopting this business idea, the entrepreneur can earn his income by sending cleaning workers to hotels or other offices and hiring them.
8. Export Business
Currently, several important steps have been taken by the Government of India to promote export business, one of them is that the process of exporting to outside countries has been greatly simplified. That’s why it has become easy and profitable to do export business. If the entrepreneur does not store the goods, that is, he can export directly from the seller to outside countries, then this business can be started with an investment of up to five lakhs.
In the early stages, the entrepreneur can start with agricultural products, because agricultural products are easily available in India. To start an export business, the entrepreneur may need a registered company name, import-export code, business bank account, and more.
9. Making Disposable Paper Cups and Plates
The business of making disposable paper cups and plates is an environmentally friendly business. And if the entrepreneur has a good business plan about this business, then he can earn a good profit from this business. Demand for such products is also increasing due to the ban on plastics.
Therefore, this time can be considered suitable for any entrepreneur to enter this business. Disposable paper cup and plate making machine is not very expensive, this business can be easily started with an investment of up to five lakhs.
10. Trade for Making Incense Sticks
In India, incense sticks are used on various occasions, so its demand always prevails in the markets. Since agarbatti making machine is easily available between 75,000-2,00,000 rupees in the market, this business is also included in the list of businesses to be started with an investment of up to five lakhs.
According to one figure, in the production of one kilogram of incense sticks, the entrepreneur can earn a profit of up to 12-15 rupees and an automatic agarbatti-making machine can produce up to 70 kg of incense sticks in a day.
You May Also Read :
Top 10 New Startup Business Ideas with Low Investment
Top 10 Best Clothing Business Ideas With Low Investment
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1. “5 Low-Cost Business Plan Ideas Under 5 Lakhs”
5 Low-Cost Business Plan Ideas Under 5 Lakhs
Are you dreaming of starting your own business but don’t have a lot of capital to invest? Don’t worry; you are not alone. Many entrepreneurs face the same challenge and often give up on their dreams because they can’t afford to start a business. However, with a little creativity and careful planning, it’s possible to start a profitable business even with a small budget. In this article, we’ll discuss five low-cost business plan ideas under 5 Lakhs that you can consider to get started.
1. Food Truck Business
Food truck businesses have gained immense popularity over the past few years. It is a smart option for those who want to start a food business but don’t have a lot of capital. All you need is a vehicle, a few necessary kitchen appliances, and raw materials to create delicious food items. The best part about this business is that you can move from one location to another, which means you can reach out to different customers and expand your customer base.
2. Digital Marketing Agency
The world of business has shifted online, and companies need a strong digital presence to survive. That’s where digital marketing agencies come in. If you have skills in digital marketing, you can start your digital marketing agency. All you need is a computer, internet connection and a few software tools to get started. You can provide your services to different organizations and help them to increase their online presence.
3. Freelance Content Writing
Content is the king in the digital world, and organizations are willing to pay a good amount for high-quality content. If you have excellent writing skills, you can consider starting your freelance content writing business. You can work from the comfort of your home, set your own working hours and choose the clients you want to work with.
4. Tutoring Services
Tutoring services are always in demand, especially for subjects like Math, Science, and English. If you have expertise in one of these subjects, you can start offering tutoring services to students. You can conduct classes online or in-person. All you need is a few study materials and excellent teaching skills.
5. Personalized Gift Shop
Personalized gifts are in high demand, especially during occasions like birthdays, weddings, and anniversaries. If you have a creative side, you can open your personalized gift shop. You can create handmade gift items like mugs, t-shirts, photo frames, etc. and sell them online or in a physical store.
Starting a business doesn’t require a lot of money; it requires creativity, skills, and careful planning. By considering the ideas mentioned above, you can start your business even if you have a small budget. It’s crucial to conduct proper research, create a business plan and work hard to make it successful. Remember, success comes with perseverance and hard work.
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The Business Blaze
15 Low Effort Business Ideas Below 5 Lakhs Rs. in India
Look, every business requires an investment, whether you invest in your time or your money or maybe both along with tons of effort. But it is true that when you have an initial investment to give a boost to your business in the beginning, your chances of success increase significantly. And in our opinion, having a 5 lakh rupees investment to spare on a practical business idea is a good thing.
There are different types of businesses you can start with just 5 lakh rupees where you can use your initial investment for all sorts of things like hiring people, renting out space, stacking up inventory, marketing, etc. And if you were in search of just that, then we’d like to let you know that here we will be talking about the 10+ unique business ideas under 5 lakh rupees in India. Also check our list of businesses under 1 lakh rs . and 2 lakh rs . So without wasting any time, let’s get down to it then. Shall we?
List of Business Ideas Less than 5 Lakhs
1. small restaurant.
Launching a small, cozy restaurant is definitely doable within a 5 lakh rupee budget. You may be thinking, why is it a smart move? Well, India is a paradise of food, a place of culinary delights. People love trying out different food joints, especially in bustling city spaces where a quick, affordable bite is always welcome. So, setting up a small restaurant that delivers quality, reasonably priced food is a winning recipe. Not just that, you can focus on a specific cuisine, local delicacies, street food, or unique fusion dishes, to make your place stand out. The best bit is that running a small restaurant can help keep overheads down, meaning more profit for you. As your place starts buzzing with happy customers, think about expanding your menu, starting a home delivery service, or even opening more branches.
2. Pest Control Business
Next on the list is the Pest control business. Why, you ask? Because India has a significant pest problem thanks to diverse climates, vast agriculture, and rapid urbanization. Things like termites, cockroaches, rodents, and bedbugs are a nightmare for homes, businesses, and farms. A pest control business can be a rewarding venture with a stable customer base. The competition is still manageable in many places, so it’s a good time to step in and create your brand reputation. As you grow, you can expand, hire more people, and branch out to different regions. Stick to eco-friendly practices and follow regulations, it’s good for the environment, and customers love a business that’s socially responsible.
3. Mobile Accessories Business
India’s love for smartphones isn’t slowing down anytime soon, and with that, the need for cool mobile accessories is booming. So, why not tap into this lucrative market? With a 5 lakh rupee investment, you can start a retail or online store, stock up on popular accessories, and hit the ground running. From chargers to earphones, cases to power banks, there’s a wide array of products to cater to different customer needs and budgets. Keep an eye on the latest trends, offer products people love, and leverage opportunities for upselling and cross-selling.
4. Travel Agency
Quite recently, the travel bug has hit India hard! More people than ever are exploring both domestic and international destinations. That’s why it’s a great time to start a travel agency, and the good news is, you don’t need a lot of money to do that. With a budget of 5 lakh rupees, you can set up an office, get licenses, market your business, and kick-start operations. From booking flights, hotels, and transport to offering visa help, travel insurance, and group tours, there are numerous revenue streams to explore.
A cafe provides a comfy space for people to hang out, work, or just unwind. From students and professionals to couples and friends, a cafe can attract a diverse crowd. With a 5 lakh rupee investment, you can secure a small spot, purchase the necessary equipment and kick-start your cafe journey. If you offer a warm, inviting space and tasty treats, you’ll find that customers keep coming back. Once your cafe is the talk of the town, think about scaling up by opening more outlets or offering new services.
6. Spa Services
Next up is the spa business, which can be started with a reasonable budget. With 5 lakh rupees, you can open a basic spa with essential equipment and supplies. There’s a vast array of services you can offer, from massages and facials to aromatherapy sessions, catering to a wide range of client preferences. As your client base grows, you can enjoy a good return on your investment. Remember, happy customers keep coming back and refer their friends too. To stand out from competitors, specialize in a unique treatment, or target a specific group like prenatal or postnatal massages.
7. Wedding Equipment Rental
Then there is the wedding equipment rental business. India is famous for its grand, lavish weddings, which means a constant demand for wedding-related supplies like tents, chairs, decorative items, audiovisual systems, and more. Starting a rental business makes sense as it’s a cost-effective solution for couples looking to manage their wedding expenses. With a 5 lakh rupee budget, you can start with essential equipment and expand your inventory as your business grows.
8. Photography Business
In recent years, India’s demand for snappy, professional photography is shooting up. Weddings, birthdays, corporate huddles, or simply family moments frozen in time, people are splashing out on them all. Your photography business could be the next big thing in town, and you won’t need a fortune to start it! With just 5 lakh rupees, you can load up on your dream camera, top-notch lenses, lighting gear, sturdy tripods, and slick editing software. You could even set up a cozy studio or rent out equipment when you need it, to save on cash. This business is a beautiful blend of creativity and flexibility, where you can zoom in on different niches like wedding or wildlife photography.
Here’s another cool idea, open a gym! It’s surprisingly cost-effective in a country like India. With a surge in health-conscious folks over the years, the market for gyms and fitness centers is looking quite buff. Factors like rising incomes and an increased media focus on wellness are also giving the fitness industry a shot in the arm. Setting up a gym doesn’t require you to break the bank, 5 lakh rupees could cover basic gym equipment, rent for a neat space, and some operating expenses.
10. Online E-Commerce Store
If the traditional brick-and-mortar world is not your scene, consider an online e-commerce store. It’s a cheaper option to set up shop. A modest sum of 5 lakh rupees can cover website development, inventory purchase, marketing, and early operational costs. You could sell to customers across cities and towns, and save on rent and other overhead costs. Round-the-clock operation is a breeze with online stores, and you can expand your business by adding new products, reaching out to more customers, and ramping up your marketing game.
11. Printing Business
We may be living in a digital world, but don’t underestimate the power of paper! There’s still solid demand for printed goods, from business cards to posters. That’s why a printing business could be your ticket to success. A setup cost of 5 lakh rupees should cover essential machinery like printers and laminators, and the rent for a small workspace. As your business grows, you can offer services like large-format printing and personalized merchandise to attract new customers.
12. House Cleaning Service
Busy lives mean many in India now prefer to pay for a professional touch to keep their homes clean. So why not start a house cleaning service? It’s a great business idea, especially if you’ve got 5 lakh rupees to spend on cleaning gear, a small office, and a bit of marketing. As your client base grows, so can your team of cleaners. And the best part is that there are almost no overhead costs as most work is done at the clients’ homes.
13. Landscaping Services
Landscaping is blooming in India, and urbanization, disposable incomes, and an obsession with beauty are fueling this growth. Starting a landscaping service can be a walk in the park. Just invest 5 lakh rupees in tools and materials, and you’re good to go. Start small with residential projects and gradually expand as your business takes root. And during those lush spring and summer months, your business opportunities could grow as high as the tallest tree!
14. Personalized Gifts Business
Nowadays, it’s all about personalization. Gifts that show thought and care are all the rage. That’s why a personalized gifts business could be the next big thing for you. With 5 lakh rupees, you can get started on equipment, raw materials, design software, packaging, and marketing. You don’t need a physical store, just set up shop online, and you can reach customers across the country. As you make a name for yourself, you can add new categories like home decor and corporate gifts, attracting new customers and boosting your revenue.
15. Water Tank Cleaning Services
As we know water tanks are the most common product for every home. It is not easy for everyone to clean it itself. So it would be a great idea to start a water tank cleaning business in India. For this you need to invest in the appropriate equipment, such as high-pressure water cleaning machines, hoses, vacuum systems, disinfectant solutions, and safety gear for your staff. Proper training for your employees is crucial to ensure the effectiveness and safety of the cleaning process. Establish a strong online presence through a professional website and utilize local advertising and online marketing to promote your services.
There you have it. These are the best of the best business ideas that demand your attention if you have just 5 lakh rupees to spare. We’d advise you to dig a little deeper, and find out what goes into starting each business thoroughly before diving headfirst.
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
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