Another Top 10 Business to start with low investment

Another Top 10 Business Ideas To Start With Low Investment

It is quite evident that the current generation is all about start-ups. Plenty of start-ups like Flipkart, Ola, OYO, Uber, Zomato, etc. have commenced their journey in this decade and made it big in the Indian markets. These big names are all over the Internet and in every household with access to the internet.  The 21^st century is surely very fast-paced and you need to make sure that you catch up. Currently, there is a significantly high amount of opportunity for entrepreneursto leave a mark with new Business Ideas.

When it comes to businesses, starting properly and entering the market is important for securing their position and their continued growth. To start a business, you do not necessarily need to accumulate a load of investment, you could always start from as much as you have and build upon it. Read on to find out about some wonderful business ideas based on their low investmentrequirements.

Small businesses ideas with low investment and high profit

Are you looking for Top 10 business ideas with low investments in India? Then you are at the right place as I am going to share some good and easy ways to start business with low risk and high profits.

Starting a business is now not anything new for people in our country. Daily you might be hearing about some new ideas and startup companies are arising in India.

The first and the foremost problem faced by people while starting a new business is low capital or shortage of money. That’s why people are looking for small business ideas with low investments and high profit.

Before reading this article further I want to give you some suggestions and I am pretty sure no one will be telling this or before planning to do your own business must take into consideration below given points:

Point to consider

•  Don’t fall for any cheat and fraud based online work before starting any work see the authority of that website.
•  No work can give you direct success, to get successful you have to go through many ups and down so don’t find any shortcut to achieve something in life and nothing is easy to achieve.
• Choose the work in which you can work effectively and also choose work in which you like to work because the work which you don’t like much will not give you any output.
• If you are an employee working for any reputed company, don’t quit job after looking at success of other people’s life who have achieved success through the way you are looking for.
• Before leaving job save as much money as you can so that suppose if you don’t get success in some months it will not impact your life.

If you don’t feel like doing any of this business or you have less confidence in starting with any business then I suggest you to do go with job you are doing. And if you want to start a business then let’s see the list of top 10 business ideas with low investment

Top 10 Business Ideas with Low Investment and High Profit

• Internet Advertising as low investment Business Idea

This too is a very promising business option to go for. The Internet is used all over the globe for advertising and you could start up your own advertising business. You need to accept advertisement requirements from the business and create and distribute them to popular blogs, websites based on the target audience and location. Such advertisings could also be done on Facebook, YouTube, and other such social media platforms. The advertisements could be text-based, image-based or video-based. You will surely earn a huge deal in this business and rarely go out of work since there are so many brands willing to advertise on the internet.

• Small Restaurant

People’s nowadays have become foodie who likes to eat good and tasty foods also they need varieties of food in their daily routine nowadays.

And a time has come where they can order food online and get their food delivered to their work places or home at any given time.

So if you are thinking for businesses like restaurant go for it.

Just create a quality food with a good taste and a competitive price.

It is surely going to become big for you.

Some points to consider while going for restaurant business ideas

If you have less amount of capital then you can go with small restaurant for selling daily stuffs like street foods.

In Gujarat there are many places which have small restaurants running which sells food like khaman,dhokla,vadapav any many more,and they earn good income from it.

So you can start with small restaurant if you have less capital to start.

Try to open your business in a place where its necessity is more like say any company is  there which has no nearby restaurant for nasta’s.

There are chances of your business to get success if you open in places where there is no cafe’s and restaurant.

• Dance Classes

If you have good skill in dancing and seeking for job or business.

Then you can either join dance classes and earn salary from that job or you can start your own dance class academy with like minded peoples in your group.

It will take less investment from you like you only have to get place on rent with some good space where you can teach your students some good forms of dancing.

If you don’t want to spend money in getting rented place, you can even start teaching dance at their home place.

• Rent a House/Room

If you have extra room or house with you, I suggest you can give it on rent to people who are in need of house of room to stay.

There are some colleges running nearby your place or any company running nearby your place, there might be possibility that some peoples who are outside from your town or city will be finding some place to stay.

So if you have a room or a house you can rent it out to that person and can earn good amount of money from that rent as well.

Even you can rent your space to company as an office space where people comes and work daily.

• Laundry Services

This is a one kind of business that is less mentioned in many articles or might not be available on other blogs or site. But trust me it is really one of the awesome business which can earn you some good amount of money.

I have seen this kind of business on one of the website from USA. It was a website build in such a way that they have created schedules to pick up the clothes from various areas of USA on a daily or a weekly bases.

So you can also start this kind of business by creating a website or mobile app to receive and deliver clothes to the user using some schedule mechanism.

• Mobile Repairing Service

You might be wondering is this service considered as a business. The answer to that question is yes, you can consider it as a business.

In many places I have found that service centers of a company also provide the mobile repairing services but they might not give phone on time.

You can consider that as a problem and can think of starting a mobile repair service center with genuine part replacement if necessary.

You can also consider the price or rate they are offering for mobile repairing service and If you can solve that problem with less rate of your service.

It will really impact your business because it will reduce customer’s burden of money and will also receive their phone on time.

• Food Truck business

If you can cook good tasty fast food like pizza’s and burger and many more.

You can think of starting a food truck business. It is one of the good earning source. It was a concept brought from countries like US where they sell stuffs in mini truck.

How it works here is you can design a mini truck in such a way that you can sell food products in it while cooking food inside your truck.

You can buy any good condition second hand truck if you don’t want to buy a new one and design it in such a good way that you can serve the food to the people standing inside your trucks.

The benefit of having food truck is you can take it to various places for selling your product, like you can take it to various schools nearby daily in the morning and in the afternoon when the schools are about to start and close in afternoon. Even you can sell you goodies to various companies in the evening time when they are leaving from their office premises.

• Cleaning Services

Cleaning services is a business you might have seen and also taken service from a company like urban clap in India.

They provide various kind of cleaning service like

Home cleaning and the service in home cleaning like

• Cleaning tiles and carpet
• sofas and bed cleaning
• Cleaning fans
• Cleaning bathrooms etc…

So you might do the same business or find out some problem sources likewise and provide service for it and start a business as equivalent to urban clap and earn some money through it.

• Laptop Repairing Service

Laptop repairing service is also one of the best services to give to customer who are In need of it.

I will tell you my story once I had faced an issue in my laptop and I have given it in one service center.

It take almost 1 month to get repaired my laptop and I was literally frustrated.

So you can open a service center if you have knowledge of it or if you have done any hardware course

And if you solved the problem as I mentioned above you will surely get success in that business.

• Partner with a dropshipper

Buy stock, store it, pick it, pack it, ship it. Managing inventory can be a big commitment when you’re running a business.

Dropshipping is a fulfillment model where a third party supplier stores and ships inventory to customers on your behalf. You just need to make the sales and pass orders on to your supplier; you don’t need to handle the products yourself.

You can curate products from one or more suppliers into your own online store under a theme that focuses on a specific niche, like gear for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier who fulfills it on your behalf. However, you are still responsible for your own marketing and customer service.

There are both local and overseas suppliers you can work with, as long as you can establish a relationship with them built on trust—an unreliable supplier will reflect poorly on your brand.

Dropshipping is a low-investment way to test product-market fit and launch a business before you invest in your own original products. Just be sure to always order a sample for yourself to make sure that your supplier is reliable and that the quality of the products is fit for selling to your customers.

• Sell a service

With services-based businesses, “time” is your inventory and your biggest investment. You’ve only got a limited supply of hours in your day. However, that makes it easier to get up and running if you’ve got skills that are in demand.

Writers, designers, developers, photographers, house cleaners, fitness trainers, and more can build a business around their skills.

They can also expand their business with any of the other ideas above to create additional revenue streams by “productizing” their services through physical or digital goods.

A photographer, for example, can service a local event while selling prints online through their Instagram account. A copywriter can sell a copywriting swipe file of high-converting sales copy. Coupling your service-based business with physical products can give you another source of income that isn’t directly tied to your time.

You can use the BookThatApp or Book an Appointment app for Shopify to let customers easily schedule a session, consultation, or buy tickets to a class with you through your store.

You can also offer your services through a freelance marketplace like Upwork to increase your chances of getting discovered by the people who need your skills.

With services-based businesses, “time” is your inventory and your biggest investment. You’ve only got a limited supply of hours in your day. However, that makes it easier to get up and running if you’ve got skills that are in demand.

Writers, designers, developers, photographers, house cleaners, fitness trainers, and more can build a business around their skills.

They can also expand their business with any of the other ideas above to create additional revenue streams by “productizing” their services through physical or digital goods.

A photographer, for example, can service a local event while selling prints online through their Instagram account. A copywriter can sell a copywriting swipe file of high-converting sales copy. Coupling your service-based business with physical products can give you another source of income that isn’t directly tied to your time.

You can also offer your services through a freelance marketplace like Upwork to increase your chances of getting discovered by the people who need your skills.

How to start a business

How to start a business??

Starting your own business on the side is one of the most powerful ways to take control of your life and make extra money month after month. But taking this leap can be scary. That’s why I’m going to show exactly how to start your own business in just 10 steps.

You can start your own business on the side with just a few hours a week and no experience—even if you have a full-time job.

And best of all, you get to choose your hours, pick projects you find exciting, and meet interesting people.

And getting started isn’t hard. You don’t need an LLC, a fancy storefront, or employees. You just need the right system.

How to Start Your Own Business in 10 Steps : 

Step 1: Do Your Research

Step 2: Make a Plan

Step 3: Plan Your Finances

Step 4: Choose a Business Structure

Step 5: Pick and Register Your Business Name

Step 6: Get Licenses and Permits

Step 7: Insure your business and investigate other requirements

Step 8: Set Up Your Business Location

Step 9: Get Your Team Ready

Step 10: Promote Your Small Business

Step 1: Do Your Research

Most likely you have already identified a business idea, so now it's time to balance it with a little reality. Does your idea have the potential to succeed? You will need to run your business idea through a validation process before you go any further.

In order for a small business to be successful, it must solve a problem, fulfill a need or offer something the market wants.

There are a number of ways you can identify this need, including research, focus groups, and even trial and error. As you explore the market, some of the questions you should answer include:

• Is there a need for your anticipated products/services?
• Who needs it?
• Are there other companies offering similar products/services now?
• What is the competition like?
• How will your business fit into the market?

Don't forget to ask yourself some questions, too, about starting a business before you take the plunge.

Step 2: Make A Plan

An important first step is preparing a business plan to define your business, products and services, and outline your goals, operating procedures and competition. If your company needs funding from a traditional loan or venture capitalists, a business plan will be required. Make sure your plan includes a marketing approach, so people are aware of what you're selling and how to find you.

1. What skills do you have?Now, what do you know and know well? These are the skills and knowledge that you have acquired.Think of it another way: We pay for expert knowledge all the time (e.g., language classes, college courses, instrument lessons). Guess what? You can be that teacher too.Examples: Fluency in a foreign language, programming knowledge, cooking skills, etc.
2. What do your friends say you’re great at?I love this question. Not only can it be a nice little ego boost — but it can also be incredibly revealing.Message your family and friends on Facebook or ask them IRL: What am I great at? The answers they give you can be turned into side business ideas.Examples: Workout routines, relationship advice, great fashion sense, etc.

Step 3: Plan Your Finances

Starting a small business doesn't have to require a lot of money, but it will involve some initial investment as well as the ability to cover ongoing expenses before you are turning a profit. Put together a spreadsheet that estimates the one-time startup costs for your business (licenses and permits, equipment, legal fees, insurance, branding, market research, inventory, trademarking, grand opening events, property leases, etc.), as well as what you anticipate you will need to keep your business running for at least 12 months (rent, utilities, marketing and advertising, production, supplies, travel expenses, employee salaries, your own salary, etc.).

Those numbers combined is the initial investment you will need.

Now that you have a rough number in mind, there are a number of ways you can fund your small business, including:

• Financing
• Small business loans
• Small business grants
• Angel investors
• Crowdfunding

You can also attempt to get your business off the ground by bootstrapping, using as little capital as necessary to start your business. You may find that a combination of the paths listed above work best. The goal here, though, is to work through the options and create a plan for setting up the capital you need to get your business off the ground..

Step 4: Choose A Business Structure

Of course, incorporating your business or forming an LLC with the state is important because it protects your personal assets from business debts and liabilities. Other benefits of forming a corporation or LLC include tax advantages and greater credibility with customers, vendors and business partners.

Your small business can be a sole proprietorship, a partnership, a limited liability company (LLC) or a corporation. The business entity you choose will impact many factors from your business name, to your liability, to how you file your taxes.

You may choose an initial business structure, and then reevaluate and change your structure as your business grows and needs change.

Depending on the complexity of your business, it may be worth investing in a consultation from an attorney or CPA to ensure you are making the right structure choice for your business.

Step 5: Pick And Register Your Business Name

Create a business logo, cards andstationery. These items establish your company’s identity and help potential customers find and remember you.

Meet legal requirements

Your business name plays a role in almost every aspect of your business, so you want it to be a good one. Make sure you think through all of the potential implications as you explore your options and choose your business name.

Once you have chosen a name for your business, you will need to check if it's trademarked or currently in use. Then, you will need to register it. A sole proprietor must register their business name with either their state or county clerk. Corporations, LLCs, or limited partnerships typically register their business name when the formation paperwork is filed.

Don't forget to register your domain nameonce you have selected your business name. Try these options if your ideal domain name is taken.

Step 6: Get Licenses And Permits

Get necessary tax identification numbers, licenses and permits. A federal tax identification number, or employer identification number (EIN), acts like a social security number and is required for corporations and LLCs that will have employees. Contact your state's taxation department to learn if a state tax identification number is required in your state. Also keep in mind that most businesses need licenses and/or permits to operate—in your city, municipality, county and/or state.

Step 7: Insure Your Businesses And Investigate Other Requirements 

 Insure your business and investigate other requirements. Some industries have specific insurance requirements. Discuss your needs with your insurance agent to get the right type and amount of insurance. Remember to look into any other government tax and insurance requirements that might apply to your business, particularly if you have employees. For example:

• Unemployment insurance
• Workers' compensation
• OSHA requirements
• Federal tax
• State and local tax
• Self-employment tax
• Payroll tax requirements (such as FICA, federal unemployment tax, and state unemployment tax)
• Sales and use tax

Prepare yourself financially

Open a business bank account. It is crucial to separate business finances from personal ones. Most banks require company details, such as formation date, business type, and owner names and addresses. If your business is not incorporated, most banks will require a DBA (doing business as or fictitious business name). Contact your bank about requirements prior to opening an account.

Arrange your business accounting and apply for loans. You may want to use an accountant, or handle finances yourself with a small business accounting solution. Either way, properly account for all business disbursements, payments received, invoices, accounts receivable/accounts payable, etc. And if you don’t have enough capital to start a business, this is also the time to seek funding from banks or through Small Business Administration (SBA) loan programs.

Establish a business line of credit. This will help reduce the number of times your company prepays for purchased products and services. It also helps establish a strong credit history, which is helpful for vendor and supplier relationships. Getting a Dun & Bradstreet (D&B) DUNS (or D-U-N-S) number for your business is advisable, as it is often used to check business creditworthiness.

Step 8: Setup Your Business Location

Setting up your place of business is important for the operation of your business, whether you will have a home office, a shared or private office space, or a retail location.

You will need to think about your location, equipment, and overall setup, and make sure your business location works for the type of business you will be doing. You will also need to consider if it makes more sense to buy or lease your commercial space.

Step 9: Get Your Team Ready

If you will be hiring employees, now is the time to start the process. Make sure you take the time to outline the positions you need to fill, and the job responsibilities that are part of each position. The Small Business Administration has an excellent guide to hiring your first employee that is useful for new small business owners.

If you are not hiring employees, but instead outsourcing work to independent contractors, now is the time to work with an attorney to get your independent contractor agreement in place and start your search.

Lastly, if you are a true solopreneur hitting the small business road alone, you may not need employees or contractors, but you will still need your own support team. This team can be comprised of a mentor, small business coach, or even your family, and serves as your go-to resource for advice, motivation and reassurance when the road gets bumpy

Step 10: Promote Your Small Business

Once your business is up and running, you need to start attracting clients and customers. You'll want to start with the basics by writing a unique selling proposition (USP) and creating a marketing plan. Then, explore as many small business marketing ideas as possible so you can decide how to promote your business most effectively.

Once you have completed these business start-up activities, you will have all of the most important bases covered. Keep in mind that success doesn't happen overnight. But use the plan you've created to consistently work on your business, and you will increase your chances of success.