The process of starting a business is a major commitment and can also be overwhelming for a lot of people. However, having the freedom to make all the decisions yourself and not be subjected to a 9-5 office routine every day is one of the greatest things in the world.
However, there are a lot of people who cannot turn their dreams into reality due to a lack of funds. Luckily, we have a solution for you if you are among those people.
I have compiled a list of a number of low investment high profit business ideas that are not only lucrative, but also yield good returns on investment. Now you can start your own business, and turn your passion into a career. Let’s take a look at some of the low investment businesses in India.
Also Read: 13 Best AI Apps For Android
Here are some of the best low-investment business ideas in India
There is no doubt that dropshipping has become one of the best small business ideas today. It is a retail fulfillment method that allows you to open an online shop without having to store any inventory, so you do not have to invest any money in inventory up front. You can build your business without ever having to worry about finding inventory.
When a store makes a sale, the product is purchased from a third party and shipped directly to the customer. Basically, you make the sale and pass the order on to the supplier, who then ships the item on your behalf to the customer. As a result, you don’t have to store or manage any inventory. You’re also saving money and time by doing so.
The products can be curated from more than one supplier. However, once you have selected a supplier, it is recommended you order at least a sample product from him to ensure that he is reliable and that the quality of the products matches that of the online store.
If you use the dropshipping model, you will not have to worry about buying or storing inventory. You will be able to focus only on the marketing of your online store and customer service. In particular, your store’s trustworthiness depends largely on the quality of your products and the order fulfillment strategy you adopt. Because of this, it is among the top low investment businesses in India. To ensure that your business succeeds, you must keep an eye on both.
By making use of this low-investment business idea, you will also be able to test the market and find out which one has the best demand before investing in your own products and launching them on the market.
2. Courier Company
As courier services are one of the fastest-growing markets in the country, starting a low investment business in this sector is yet another low-cost idea with substantial profit potential. The recent shift in the eCommerce industry has undoubtedly contributed to the growth of the courier service business in India.
In place of starting your own courier business from scratch, which may prove to be very expensive, it is advisable to take a franchise from a well-established courier company. There are a lot of well-known courier companies that offer their franchises for a relatively low price. Furthermore, you will have access to their technology infrastructure, training, and development programs as well.
3. Online Bakery
It is widely recognized that online food businesses are among the most profitable and low investment businesses in India. In addition to the online food business, bakeries are also quite popular. In the event that you enjoy baking, you might want to consider starting your own bakery and making money by sharing your own homemade recipes. The best thing about this business idea that requires a very low investment business is that you can begin it right in your own kitchen. All you need is an oven and some ingredients to get going!
If you are thinking about starting a business where you will be selling baked items such as different types of bread, muffins, cookies, and pizza, etc., then you should take a look at opening a bakery and selling other items as well. It is not just a unique business idea, but also a profitable one!
There are many companies that took many years of hard work to get to where they are today, like Ovenfresh, but many small business owners can increase their sales numbers in just a few months by taking their business online. You can increase the reach of your bakery by registering it with a variety of online food delivery platforms.
4. Online Fashion Boutique
There is a growing demand for fashion and lifestyle products in India because people are becoming more fashion conscious. India’s online fashion industry is predicted to grow up to USD 111.40 billion by the year 2025. In light of this, you may want to consider opening an online fashion boutique as a small profitable business opportunity.
There is absolutely no need for you to be a fashion designer, but you should be a fashion lover in order to make money by selling your sense of style online! One of the good low-investment business ideas, an online fashion boutique is very easy to open. You can start a low investment business from the comfort of your own house. Using dropshipping, you can curate items from a variety of vendors and sell them in your online store. Or you can design and manufacture your products yourself. Choose a niche and make your own.
Whether you are selling dresses, accessories, footwear, or jewelry, the brand can be built around the niches of one or more products. Especially important is the quality and customer service of the products along with fulfilment strategies that will be important as you expand the business.
5. Sell a Service
If you are running a service-based business, you can think of your time as inventory; it is your most significant low investment business as well. In order to get started with this idea, you will need a skill that is in demand and can be useful to other people.
It is possible to start a business based on a wide variety of skills, including writing, blogging, web design, photography, fitness training, and calligraphy. The best way to increase your chances of getting discovered by the people who require your skills is to register yourself with the various freelance marketplaces. You can also use your social media accounts to your advantage so you can market your business effectively and spread the word around. This is, in fact, the best low investment business for you to start.
6. Social Media Agency
There is no doubt that the digital age and cut-throat competition have made most companies want to market their products digitally. Companies are willing to spend big amounts of money on advertising through various digital channels and paid social media posts and campaigns in order to be successful.
The idea of starting your own social media agency can be an excellent business idea for a small business owner with a solid understanding of marketing, branding, communication, social media, and web presence management. You can use the experience you have to help other companies establish a strong online presence.
The only thing you’ll need to get started is a few computers, a few skilled professionals, and an office.
7. Handcrafted Product
Since the advent of the Internet and technology, artisans have been able to broaden their horizons by becoming professionals instead of just artists. In contrast to retail stores that acquire their products from multiple sources, handcrafted businesses manufacture their goods in their own facilities. Their primary goal is to provide consumers with a personal touch that no other business can.
Whether you are a candle enthusiast, soap enthusiast, pottery enthusiast, or a sauce enthusiast, you are in a unique position to start a unique business. The product development and procurement are in the hands of you, quite literally.
As an example, candles are not used only during a power cut anymore, but are also widely used as a gift item for various occasions. These items are becoming more and more a part of the home décor industry as well as being used in various ways as gifts. Consumers are interested in buying candles in a variety of fragrances, as well as unique and customized products. The same applies to other items as well.
You can either start with a small batch or use a pre-order system until you are able to generate consistent sales, or you can do both.
Having over 69,000 recognized start-ups, India is the third-largest start-up center in the world, with over 100 unicorns, as of May 2022, making it the third-largest start-up center in the world. It is clear from the data in India that the majority of the population is willing to start a business. Their desire to start something of their own leads them to seek out small profitable best business ideas that can bring them good profits. Using these low-investment business and high-profit business ideas, you may also consider starting your own start-up with these low-Investment business ideas that you can also consider.
It only takes a solid idea to become one of the successful small business owners in India. All that needs to be done is to execute the idea well. It is that simple.
Frequently Asked Questions
1.What do you need to start a low investment business?
It depends on what kind of business you want to start. However, the first thing you need in order to start a low-investment business is the basic equipment, some money, and lots of enthusiasm.
2.How soon can I start earning with an Online Business?
If you start an online business, you might not see any revenue for a while, but after putting in time and effort consistently, you should be able to see some revenue in a few months’ time after you put in the effort.
3.Do I need to hire a team to starting my low investment business?
The first thing you should focus on if you are starting a low investment business is to acquire tech and equipment first before you hire a team. Initially, there is not much pressure on you, and you will even have time to work alone or with a partner, if you have one.
4.What are the best low investment high profit business ideas?
Some best low invest high profit business ideas are Dropshipping, Online fashion Boutique, Social Media Agency and Online Bakery.