Most of the millennials believe that a normal 9-5 job can’t push your passion to the desired extent. This is why the start-up cult has been gaining soaring popularity in the present industry landscape.
To succeed in a business you have to make an effort and push the boundaries provided daily highs and lows. In this article, we will discuss some exciting small business ideas in India for new generation entrepreneurs.
Setting up a new business is not a picnic. You can have a gamut of small business ideas but the choice of business type is a crucial decision altogether. We hope this particular article would help in selecting the right business type as per influences and resources.
A Brief about Small Business
Before you start your own business, you need to know what small business is and what the prospects are.
A small business refers to a business set up with a minimum investment and minimum labor capital. As India becoming digitally advanced day-by-day is resulting in blooming new business ideas in galore. Today, optimizing business in front of a relevant audience becomes easy if you apply the right Digital Marketing and advertising strategies. All you need is a smart-phone, laptop/desktop to boost your leads and sales.
Before diving deep into the ideas for new business, let us have a look at what experts like Warren Buffett and Michael R. Bloomberg have to say about a new business set-up.
Top Small Business Ideas with Huge Potentials
1. Social Media Services
This is one of the most popular options chosen by entrepreneurs. Every small or big scale company wants an online presence at present.
These companies are dependent on heavy marketing for swift growth in their sales and profit. To fulfill the purpose they hire social media experts to handle their social media business profiles. These companies are in search of creative agencies who can turn the table in their behalves. Working with advertisers and developers can surely add to your profit.
2. Online Print Shop
This is also a good option for small businesses. Firstly, you have to list out all the products which you want to promote on your website. Shortlist your products based on these couple of parameters i.e. high-profit margin and the high demand of your product in your target audience.
Next, there’s hardly anything you need to do. You can search for businesses that are operating in the same line and do your groundwork. This is the best way to contrive your products in the future.
Previously, blogging used to be merely a hobby, but not anymore. Now, people blog as part of active career choices. Blogging is one of the best affordable small business ideas.
Your business can be taken to great heights if you master the art of writing and learning about your audience.
You should consider options like-
(i) Blogs consisting of controversial or negatively infused topics.
(ii) Guests host blogs that are primarily done by guest writers for a website.
(iii) Crash Test Dummy blogs that revolve basically around reviews.
(iv) Curate niche blogs to target a particular audience segment.
(v) With Giver Blogs you can also offer free content.
(vi) Guide blogs can help users to find the actual solution to new product usage.
(vii) Use Enterprise blogs to showcase your company profile.
4. Content Writing
If you know about writing quality content, you can start up a business with low investment. All you need to put in is time and effort.
Most companies and writers look for people who can provide them with quality content.
To start with, you can write a blog and upload it to your site. The blog topic has to be in line with your offerings. Talk to the writers who can describe your product/ services with genuine word support.
5. Domain and Hosting Services
Hosting and Domain service providers have climbed up the ladder ever since digitalization has commenced.
Attracting customers with a reliable domain and hosting service is a gift to any upcoming and existing businesses. As a small business owner, this is a great business opportunity to bag in more and more clients.
6. SEO Consultant
An increasing number of bloggers have been crowding at every niche domain of the digital space. Thus, it’s important to be ranked high in the SERPs (Search Engine Result Pages) with your content to increase footfall in your webpage. Even when the quality of the content is high, there is always a need for an SEO expert.
To bring your website on top of the SERPs, experienced SEO consultants are always searched for. For any start-up or even a renowned company need an SEO expert to keep their business website up-to-date.
7. Translation Services
The world has become digitally advanced. Technology has every solution stored. Influencers have gained giant popularity, thanks to the internet and social media platforms in particular.
An influencer of a particular domain has the answer to all your required queries. With international bloggers, language is no longer a barrier.
Any start-up from India needs a strong vernacular interpretation base to shell out its offerings across the world.
This era is the paradise for the freelancers. People are more comfortable as freelancers. One of the best small business ideas that require lesser investment or sometimes no investment.
The reason being –
- The flexibility of working hours
- No official protocol and pressure
- The flexibility of working place
Freelancing is one of the top business ideas almost without investment. You can choose your comfort domain of freelancing thereby enjoying complete liberty.
9. Education Services
Education is one prime sector where there is no backflow. Due to the soaring growth factor, the requirement for trainers and teachers have been always high on demand.
Since we are considering small businesses with low investment, we cannot forget the sector at this point. Not always you have to get attached to any organization, you can start on your own.
Also, if you have a network of trained professionals, it’s very easy to expand your business within a short period. This is one of the most promising small business ideas ruling in the Indian job market.
10. Career Consultancy
Because of the unconventional job types and high level of competition, the most difficult task becomes choosing the right career. Guardians are even more confused than students when there’s a question of choosing the right career option from the galaxy.
Here comes the requirement for a career consultant. This business is growing exponentially as every individual goes through the job hunting phase and needs to secure his/her career with a suitable job.
11. Cyber and IT Security
With so much progress happening around, the rapid growth of digitization also trucks in cybercrime and IT scams. Since the level of crime increasing vigorously, many companies are hiring people who can assure the security of their online content. This makes Cyber and IT security experts in high demand.
Know about IT security? Congratulations! Your business is high on demand at present. This is one of the trending small business ideas help you gain maximum exposure and allows you to work with big brands in the market.
12. Financial Planning and Management Services
Nowadays, people are so busy earning money that they hardly have time to keep track of it. And this also leaves them with almost no time to make plans for investing their money.
This makes these people or companies hire Financial Planning and Management Services provider to keep track of their money and manage & plan out their future investments. All you are required to do for this business idea is to be a certified financial partner.
13. Franchise Store
This could be an underrated business idea but truly a profitable one. Starting your franchise is just a seed for giant business growth. If you want to start a business that would give you a much higher return than that of investment this is one the most invaluable small business ideas that would definitely work in your favor.
A franchise can be started just by simply introducing a unique product and right promotional activities. Even after succeeding, all you have to do is indulge in large scale operations. And there you have your big business in no time.
Almost everyone has a smartphone now, still, the demand for still photography never goes out of vogue. Photography is a major professional domain that has several specialized segments. A photographer can work as a freelancer or he/she can join any media or print house. To become a professional photographer, you need to have a good DSLR and apt knowledge of equipment.
15. Advertising Agency
Advertising agencies are the coolest place to work with. Brands these days need both the online and traditional promotion. Not always you have to have a huge set-up from the very beginning.
Mostly, people get attracted by glossy hoardings and TVC. Even jingles stay longer in mind comparing to the other categories of advertisement. First, you have to decide which segment of the ad you want to go with. This is how you can start your own small business and make it large in the coming days.
Advertisement industry run by creative minds. If you think you have that potential, then the advertising industry is the place for you. Agencies look for people who are creative and expressive.
Convince more clients and your business gets right on the success track. Take your local business to a new height with an online marketing strategy. This way, you can slowly establish yourself as an advertisement maker in the digital marketing domain.
The animation is one of the best freelancing activities or business ideas in India currently. With the high growth of technology, the animation is now becoming a profession.
You can simply be an online or offline tutor for people who want to take animation as a career and also take orders online for animations. This will also help you work with big companies who require visual animations or audio content.
17. Online Tutorials
Passionate for teaching? Use technological advancement and start an online tutorial. Start teaching people on subjects you prefer. Upload your videos on popular platforms like YouTube, Vimeo, etc. Reach your video across and earn from these video blogging platforms. This is one of the top-scoring small business ideas in align with the Indian business scenario.
18. Consultancy and Green Store
The increasing pace of global warming is threatening mankind. Keeping this in mind, you can start your shop promoting eco-friendly products and start a green consultancy service.
These types of businesses receive a lot of assistance from the government and also organizations that promote eco-friendly businesses with low investment.
19. Estate Agents
Population in India is growing every day and the demand for housing is also going up. So, there is a never-ending demand for real-estate advisors. People always seek advice from estate agents for buying/selling and renting properties.
Investing in real estate is any day profitable. Thus the demand for a real estate agent has been always in the scene. But you should always be aware of the fraudulent offers.
20. Human Resource Management
Helping companies in recruitment can be a good start-up option. Recruitment business has become a popular trend at present. With the increasing number of job seekers, the potential market for the HR industry is forever expanding.
With every successful recruitment, HR agency earns a commission from the recruiting company. Their job is similar to real estate agents.
21. Meal Services
Food aggregators are high on demand. The solution to hunger is genuinely a great business idea. The best way to start on a small scale food business is to serve meals in corporations.
You can tie up with food delivery chains like Swiggy or Zomato and also promote your business online. This is the most convenient and promising small business idea in the start-up eco-system.
With the food delivery chains like Zomato and Swiggy in the market, it is very easy to reach your target audience. The better quality you offer the better reputation you gain within minimum time. Swiggy and Zomato are the perfect examples of those small business ideas in India, which are the leading industries now in themselves.
Working parents find it difficult to keep their newborns while they are away from home for work. Babysitting is a money-making business option. For a babysitting business, you need to have a trustworthy group of people in the team. The success of this business may help you start a daycare service in the long run.
23. Pet Care Services
Pets are being treated as family members for many pet-loving families. However, you can’t keep your pets to your neighbors while you are away from home for work.
This increases the demand for pet daycare services. If you love animals, you can start your pet care service and fill your pocket as well.
24. Party Services
Do you have the capability of setting the mood up where people can have fun, this is your job. If you’re able to organize events, games and have good decoration sense, this is an easy way to make money.
When you successfully establish a name in this business domain, you can move forward as an event manager.
The above-mentioned business ideas are suited for small-scale start-ups which can later be grown into a business. And the reason why these businesses are top-ranked is that they require a minimum investment.
With the use of the right digital marketing strategies, your business can be promoted focusing on the right target audience. To generate quality leads target effectively, this will revert conversion. Enrolling in a digital marketing course will benefit you while making a digital strategy.
A digital marketing course includes Search Engine Optimization, Search Engine Marketing, Social Media Marketing, Email Marketing, Inbound Marketing, Web Analytics, and Facebook Marketing. Each of these study types gets you to access to the right target group.
We hope this article will help you in coming up with a new business idea. Transform your business idea into a fully-grown business with the help of the right digital marketing strategy.
Learn professional digital marketing from Internet Marketing School. We have specially designed course modules for entrepreneurs too!