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25 Business Ideas Under 5 lakh Investment In India

• Atishara Shrivastava
• February 10, 2024

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Are you an Indian looking to start a business with a limited budget? Do you want to invest ₹5 lakh or less in a business? If yes, then you have come to the right place. In this blog, we will discuss some business ideas that require an investment of ₹5 lakhs or less.

Starting a business is not easy, but it is definitely rewarding. With the right idea and execution, you can turn your business into a profitable venture. However, before we dive into the business ideas, let’s take a look at what you need to start a business.

Requirements to Start a Business Under 5 Lakhs Investment

1. Business Idea: The first step to starting a business is to have a good business idea. Your business idea should be unique and innovative and solve a problem.

2. Business Plan: Once you have a business idea, you need to create a business plan. Your business plan should include your business goals, target audience, marketing strategy, financial projections, and operational details.

3. Legal Requirements: You need to register your business with the government and obtain all the necessary licenses and permits to run your business legally.

4. Funding: You need to have enough capital to start your business . You can fund your business through personal savings, loans , or investors.

Also, Read: Get Instant Loan within 3 mins 

Now, that you know the basic deal around the requirements to start your business, let’s look at the 25 business ideas to jumpstart your business journey-

25 Business Ideas Under 5 Lakhs Investment

1. food truck business:.

A food truck business is a great way to start a business with less than ₹5 lakhs. You can sell snacks, beverages, and meals on the go. A Food Truck business offers a flexible and potentially lucrative opportunity in the culinary industry. It involves operating a mobile kitchen to sell food and beverages in various locations. Unlike traditional restaurants, food trucks have lower startup costs and overhead, offering an accessible entry into the food service sector.

The key to success in this business is identifying a niche or specialty cuisine that differentiates you from competitors. Location strategy is critical; food trucks typically operate in busy urban areas, near office buildings, or at special events and festivals. Marketing is predominantly social media-driven, targeting local food enthusiasts and leveraging platforms like Instagram and Twitter to announce locations and menu specials.

Challenges include managing the logistics of a mobile business, adhering to food safety regulations, and handling variable customer traffic. A successful food truck business requires not just culinary skills but also agility in adapting to different locations, tastes, and evolving food trends. Building a brand identity and customer loyalty through consistent quality and unique offerings can turn a food truck into a local staple and potentially a stepping stone to a larger culinary enterprise.

2. Home-Based Bakery:

If you love baking, you can start a home-based bakery. You can sell cakes, cookies, and other baked goods from home. Starting a home-based bakery allows entrepreneurs to turn their baking passion into a profitable business from the comfort of their own homes. This venture requires minimal startup costs compared to a traditional bakery, but adherence to local health regulations and obtaining necessary permits is crucial.

A successful home-based bakery focuses on a specific niche, such as custom cakes, artisan bread, or dietary-specific products like gluten-free or vegan baked goods. Developing a strong local customer base is key and is achieved through community engagement, word-of-mouth, and social media marketing. Online platforms can also be utilized for wider reach, taking orders, and possibly offering delivery services.

The flexibility of working from home allows for a work-life balance, but it also demands discipline and time management skills. Inventory management and maintaining consistent quality are crucial. Networking with local suppliers and participating in community events can enhance visibility. A home-based bakery, with its personalised touch and unique offerings, can cater to an increasing demand for homemade, artisanal food products, making it a potentially rewarding small business venture.

3. Event Planning:

If you have good organizational skills, you can start an event planning business. You can plan weddings, birthdays, and corporate events. Event planning is a dynamic and creative business that involves organizing and managing events such as weddings, corporate functions, and private parties. Success in this field requires a blend of organizational skills, attention to detail, and the ability to work under pressure.

Event planners must handle various aspects like venue selection, catering, entertainment, décor, and logistics. Building strong relationships with vendors and suppliers is crucial to ensuring quality services and negotiating cost-effective deals. Networking and reputation are key in this industry; hence, delivering successful events can lead to referrals and repeat business. Planners need to stay abreast of trends and be adaptable to different client needs and preferences.

Marketing strategies, especially through social media and a professional website, play a significant role in attracting clients. While the job can be high-stress and involves irregular hours, it offers immense satisfaction in bringing clients’ visions to life and creating memorable experiences. For those with a passion for coordination and a flair for creativity, event planning can be a fulfilling and financially rewarding career.

4. Pet Care Business :

If you LOVE pets, you can start a pet care business. You can offer services such as pet grooming, pet sitting, and dog walking. The Pet Care Business caters to pet owners who need assistance with the upkeep and well-being of their pets. This industry has grown significantly, driven by the increasing number of pet owners and their willingness to spend on pet care. Services offered can include pet sitting, dog walking, grooming, and even training. Success in this business hinges on trustworthiness and a genuine love for animals.

Knowledge about animal behavior, nutrition, and basic health care is essential. The business model can vary from home-based operations to mobile services or even setting up a physical location for daycare or grooming. Marketing efforts should focus on building a local client base, leveraging social media, and establishing partnerships with local pet stores or veterinary clinics. Flexibility and the ability to handle various pet temperaments are key. There’s also the need for proper licensing and insurance to cover liabilities. With the growing humanization of pets and the demand for quality care, a pet care business offers a fulfilling opportunity for animal enthusiasts looking for a career that combines passion with entrepreneurship.

Also, Read: How to Get a Business Loan on Low Credit Score?

5. Handicraft Business:

If you are good at making handicrafts, you can start a handicraft business. You can sell your products online or in local markets. A Handicraft Business revolves around creating and selling handmade products. This can include a wide range of items like jewelry, pottery, textiles, woodwork, and more.

The appeal of handicrafts lies in their uniqueness and the personal touch that goes into each piece. Success in this venture requires a blend of artistic talent and entrepreneurial skills. Identifying a niche market and creating products that resonate with specific customer interests is essential. Quality craftsmanship and an understanding of materials and techniques are fundamental. Marketing plays a crucial role, and with the rise of online marketplaces like Etsy, artisans can reach a global audience.

Social media platforms are also effective for showcasing products and building a brand. Participating in local craft fairs and artisan markets can provide direct customer interaction and feedback. While competition can be high, especially in popular categories, unique designs, and a compelling story behind the products can set a handicraft business apart. It offers the satisfaction of creating and the potential for a profitable business, particularly for those passionate about preserving and promoting traditional craftsmanship.

6. Graphic Design Business :

If you are creative and have design skills, you can start a graphic design business. You can offer services such as logo design, website design, and print design. A Graphic Design Business offers creative services for visual communication and problem-solving through typography, imagery, color, and form. This field is highly versatile, catering to various industries for needs such as branding, advertising, web design, and product packaging. Success in this business demands not only artistic talent and design skills but also an understanding of client objectives and the ability to translate them into effective design solutions. Staying abreast of design trends and software advancements is crucial.

The business model can range from freelancing and working with individual clients to establishing a design agency to serve larger businesses. Effective communication skills are essential to understanding client needs and presenting design ideas. Networking and building a strong portfolio are key to attracting clients. With the increasing importance of digital presence, graphic design services are in high demand, offering opportunities for diverse projects and creative challenges. The ability to adapt to different client styles and industries, coupled with a commitment to quality and innovation, can make a graphic design business both financially rewarding and artistically fulfilling.

7. Photography Business :

If you love photography, you can start a photography business. You can offer services such as wedding photography, portrait photography, and event photography. A Photography Business involves offering professional photography services in areas such as portrait, event, commercial, or landscape photography. Success in this field requires a combination of technical skill, artistic vision, and business acumen. Professional equipment and an understanding of lighting, composition, and post-processing are fundamental.

Developing a unique style and specialization can help in standing out in a competitive market. Building a strong portfolio is crucial to attract clients and showcase your work’s quality and range. Networking and marketing are essential, with social media being a powerful tool for reaching potential clients and displaying your work. Diversification of services, such as offering photo editing or teaching photography workshops, can provide additional revenue streams.

Client relations and reliability are key; satisfied clients can lead to repeat business and referrals. While the initial investment in equipment can be substantial, and the work often involves irregular hours, a photography business offers the freedom of self-employment and the joy of capturing moments and stories through the lens.

8. Social Media Marketing:

If you have good knowledge of social media marketing, you can start a social media marketing business. You can help businesses grow their social media presence. Social Media Marketing involves promoting products or services through social media platforms. It’s a dynamic field that requires an understanding of different social media networks, trends, and audience behaviors. Businesses utilize social media marketing to increase brand awareness, engage with customers, and drive sales.

A successful social media marketing strategy involves creating compelling content, managing social media accounts, analyzing data to understand audience interactions, and running targeted advertising campaigns. Staying up-to-date with the ever-changing algorithms and features of social media platforms is crucial. Skills in content creation, copywriting, graphic design, and analytics are valuable. Networking and building relationships with influencers can amplify marketing efforts.

This field offers opportunities for freelancers, agencies, or in-house roles in larger companies. While it can be challenging to keep up with the rapid pace of change in digital media, it offers the excitement of working at the forefront of marketing innovation. Social media marketing is ideal for those who are creatively analytical, and enjoy working in a fast-paced, ever-evolving environment.

Also, Read: How to Get A Business Loan? Step-By-Step Guide For Budding Entrepreneurs

9. Online Tutoring : If you are good at teaching, you can start an online tutoring business. You can offer tutoring services in various subjects. Online Tutoring has gained immense popularity, offering educational instruction or support through digital platforms. It covers a wide range of subjects and caters to students of all ages.

The rise of e-learning technologies has made online tutoring a viable and often preferred option due to its convenience and flexibility. Tutors need expertise in their subject area and should be adept at using online teaching tools and techniques to engage students. Developing a curriculum or lesson plan tailored to individual student needs is important. Marketing skills are necessary to build a client base, which can be done through online platforms, social media, and word-of-mouth referrals.

Online tutoring requires good communication skills, patience, and the ability to adapt teaching methods to different learning styles. It offers the flexibility to work from home and set one’s hours, making it an attractive option for educators. With the growing trend of personalized and remote learning, online tutoring presents a lucrative opportunity for educators and experts in various fields seeking to expand their reach and impact.

10. Content Writing : If you have good writing skills, you can start a content writing business. You can offer services such as blog writing, article writing, and copywriting. Content Writing involves creating engaging, relevant, and valuable written material for various digital platforms. This includes blog posts, articles, website content, product descriptions, and social media posts. Success in content writing hinges on the ability to write clearly, concisely, and compellingly, often optimized for search engines (SEO) to increase online visibility.

Understanding the target audience and crafting content that resonates with them is key. Content writers must be versatile, able to research and write on a variety of topics, and adapt their tone and style to different brands and platforms. Freelance writing offers flexibility and the opportunity to work with diverse clients, while in-house positions provide stability and deeper involvement with a single brand.

Continuous learning about SEO, digital marketing trends, and effective writing practices is essential. With the growing importance of online presence for businesses, quality content writing is in high demand, making it a viable career option for those with a passion for writing and digital media.

11. Translation Services : If you are fluent in multiple languages, you can start a translation services business. You can offer translation services for documents, websites, and videos. Translation Services involve converting written material from one language to another while maintaining the original content’s context, tone, and meaning. This service is crucial in a globalized world, facilitating communication across different languages in various fields such as business, law, medicine, technology, and entertainment.

Success in this field requires fluency in at least two languages and an understanding of cultural nuances and specialized terminologies. Translation work can range from document translation website localization to subtitle creation for media. Attention to detail and the ability to convey the essence of the original text accurately are crucial skills. Translation services can be offered as a freelancer, part of a translation agency, or in-house for a specific organization.

Building a reputation for accuracy and reliability is key to gaining and retaining clients. Continuous learning to stay updated with linguistic nuances and industry-specific knowledge is important. With increasing international interactions and the need for accessibility in multiple languages, translation services offer a vital and rewarding career opportunity for multilingual individuals.

12. Personal Training: If you are passionate about fitness, you can start a personal training business. You can offer personal training services to clients. Personal Training involves designing and guiding individualized exercise programs for clients, helping them achieve their fitness and health goals. This career requires a deep understanding of fitness principles, human physiology, and nutrition. Personal trainers assess their clients’ fitness levels, set realistic goals, and create tailored workout plans. They also provide motivation, guidance, and advice on lifestyle changes to enhance overall well-being.

Building a client base requires strong interpersonal skills, professionalism, and the ability to adapt training methods to different client needs and abilities. Certification from a recognized organization is typically required, and trainers must stay updated with the latest fitness trends and techniques. Personal trainers can work in gyms, health clubs, or as independent contractors. Some also offer online training services. The role is physically demanding and often requires working flexible hours to accommodate clients’ schedules. Despite these challenges, personal training can be highly rewarding, offering the opportunity to make a positive impact on people’s lives and health.

13. Cleaning Services : If you are good at cleaning, you can start a cleaning services business. You can offer services such as house cleaning, office cleaning, and carpet cleaning. Cleaning Services offer essential maintenance for residential and commercial properties. This business can range from general house cleaning to specialized services like deep cleaning, office cleaning, or industrial cleaning. Success in this industry relies on reliability, attention to detail, and customer satisfaction. Building a reputation for thoroughness and professionalism is key to acquiring and retaining clients. Marketing efforts, especially in local communities through word-of-mouth, online directories, and social media, are vital.

The business can start small, often with minimal equipment, and scale up as the client base grows. Operational efficiency, quality control, and good management practices are crucial, especially as the business expands. Hiring and training trustworthy staff, investing in efficient cleaning equipment, and using eco-friendly cleaning products can also be differentiators in the market. While the work can be physically demanding, the demand for cleaning services is consistently high, offering stable income potential. Cleaning services cater to a basic need, making it a resilient business option even in fluctuating economic conditions.

14. Laundry Services : If you have a washing machine and dryer, you can start a laundry services business. You can offer services such as washing, ironing, and dry cleaning. Laundry Services provide a convenient solution for washing, drying, and sometimes ironing clothes for individuals and businesses. This service is particularly attractive in urban areas or where people lead busy lifestyles. The business can range from a traditional laundromat to offering pickup and delivery services.

Key factors for success include location (ideally in high-density residential areas), quality and efficiency of service, and competitive pricing. Building a loyal customer base is essential to achieving reliable and consistent service quality. Investing in high-quality, energy-efficient machines can improve service speed and reduce operating costs. Marketing strategies might include offering subscription plans promotions, and leveraging online platforms for visibility and convenience.

Laundry services require managing logistical aspects like transportation for pickup and delivery, effective scheduling, and handling various fabrics and clothing items with care. While the business requires initial capital investment for equipment, it provides a steady demand service, making it a potentially lucrative venture for entrepreneurs.

15. Mobile Repair Services: If you have technical skills, you can start a mobile repair services business. You can repair mobile phones, tablets, and laptops. Mobile Repair Services cater to the growing demand for fixing smartphones and tablets. This business involves diagnosing and repairing common issues like screen damage, battery problems, and software glitches. Success in this field requires technical knowledge of mobile devices, problem-solving skills, and staying updated with the latest technology. Offering quick, reliable, and cost-effective repair solutions can set a service apart in a competitive market. The business model can vary from a physical repair shop to a mobile (on-the-go) service. Building trust with customers through quality service and transparent pricing is crucial. Marketing efforts should focus on local advertising, online presence, and word-of-mouth referrals. 

The main challenges include keeping up with rapidly changing technology and competing with authorized service centers and other repair businesses. Offering additional services like accessories sales, buyback of old phones, or data recovery can diversify income streams.

16. Car Washing Services: If you have a water supply and a vacuum cleaner, you can start a car washing services business. You can offer services such as car washing, interior cleaning, and waxing. Car washing services provide vehicle cleaning and detailing. This business is popular due to the consistent demand from car owners who value convenience and professional cleaning. The services can range from basic exterior washing to comprehensive interior and exterior detailing. Success factors include a convenient location, high-quality cleaning materials, and efficient service. Environmental considerations like water usage and eco-friendly cleaning products can also be a unique selling point. Offering subscription plans or loyalty programs can help in retaining customers.

The business can operate as a fixed location, a mobile service, or a combination of both. Marketing efforts might focus on local advertising, online presence, and promotional offers. Challenges include managing the high initial setup costs for equipment, competing with established car washes, and adapting to seasonal variations in business.

17. Gift Shop : If you love gifting, you can start a gift shop. You can sell gifts for various occasions such as birthdays, weddings, and festivals. A gift shop sells a variety of items ideal for presents, such as souvenirs, crafts, cards, and novelty items. Successful gift shops understand their customer base and offer products that cater to the specific needs of the community or tourist preferences if located in a high-traffic area. Creativity in product selection, a keen eye for trends, and the ability to source unique items are important.

The store’s ambiance and customer service play a significant role in attracting and retaining customers. Location is critical, with high foot traffic areas being ideal. An online presence, through an e-commerce website and social media marketing, can expand the customer base. The main challenges include managing inventory, seasonal fluctuations in sales, and competing with online retailers and big box stores. Hosting events or collaborating with local artists and makers can create a unique shopping experience.

Also, Read: Pros and Cons of Business Loan

18. Travel Agency : If you love traveling, you can start a travel agency. You can offer travel packages, flight tickets, and hotel bookings. Travel agencies assist clients in planning and booking travel, including flights, hotels, tours, and complete travel packages. They cater to both leisure and business travelers, offering expertise and convenience. Success in this business hinges on providing personalized service, having extensive knowledge of travel destinations, and building relationships with travel suppliers. The ability to offer competitive pricing and unique travel experiences can set an agency apart.

Travel agencies need to stay updated on travel trends, visa regulations, and health and safety guidelines. The rise of online booking platforms means that travel agencies must offer added value through exceptional customer service and niche travel expertise. Marketing efforts can include building a strong online presence, engaging in social media marketing, and networking within the community. Challenges include adapting to changing travel restrictions, managing fluctuating demand, and competing with online travel booking options.

19. Shoe Store : If you have a passion for shoes, you can start a shoe store. You can sell shoes online or in a physical store. A shoe store retails various types of footwear, including casual, formal, athletic, and specialty shoes. Success in this business depends on offering a wide selection of quality products that cater to different customer needs and preferences. Location is key, with high-traffic shopping areas being ideal. Knowledge of current fashion trends and customer preferences is important to maintain a relevant and attractive inventory. Customer service, including knowledgeable staff and a pleasant shopping experience, can significantly impact sales.

Effective inventory management and relationships with reliable suppliers are crucial. Marketing strategies might include promotions, loyalty programs, and an online presence to reach a wider audience. The main challenges include competing with online retailers, managing seasonal variations in sales, and keeping up with changing fashion trends. Offering additional services like shoe repair or custom fittings can provide a competitive edge.

20. Tea Shop: If you love tea, you can start a tea shop. You can offer various flavors of tea and snacks.

A tea shop offers a range of teas and related products, often including light snacks and pastries. This type of business appeals to tea enthusiasts and those seeking a relaxed, social atmosphere. A successful tea shop combines a carefully curated selection of teas, including traditional, exotic, and specialty blends, with a welcoming and comfortable ambiance. Knowledge of tea varieties, brewing techniques, and health benefits can enhance the customer experience.

Location is important, with a focus on areas with high foot traffic or near complementary businesses. Marketing strategies might include hosting tea-tasting events, offering tea classes, and maintaining a strong online and social media presence. Challenges include differentiating from coffee shops and other tea shops, managing perishable inventory, and building a regular customer base. Emphasizing quality, variety, and a unique tea-drinking experience can attract a diverse clientele.

21. Organic Farming : If you have land, you can start organic farming. You can grow organic vegetables, fruits, and grains.

Organic farming involves growing crops and raising livestock without synthetic pesticides, fertilizers, or genetically modified organisms, focusing on sustainable and environmentally friendly practices. This method appeals to health-conscious consumers and those concerned about environmental impact. Success in organic farming requires knowledge of organic agricultural practices, soil management, and crop rotation. Obtaining organic certification can enhance marketability and consumer trust.

Direct-to-consumer sales channels like farmers’ markets, community-supported agriculture (CSA) programs, and online sales can be effective. Marketing efforts should emphasize the health and environmental benefits of organic products. Challenges include higher production costs, managing pest and diseases without synthetic chemicals, and competing with conventional agricultural products. Building a loyal customer base and focusing on niche markets, like specialty crops or organic dairy products, can offer competitive advantages.

22. Fish Farming : If you have a pond or a tank, you can start fish farming. You can sell fish to local markets. Fish farming, also known as aquaculture, involves breeding, rearing, and harvesting fish in controlled environments. It’s an efficient way to produce seafood, meeting the growing demand while reducing the strain on wild fish populations. This business requires knowledge of aquatic ecosystems, fish health, and nutrition. The choice of species—such as salmon, tilapia, or shrimp—depends on market demand, climate, and water conditions.

Fish farming can be set up in various environments, including ponds, tanks, or coastal enclosures. Sustainability is key, focusing on environmentally friendly practices like efficient feed management and water usage. Market research to identify potential customers, such as local markets, restaurants, and wholesalers, is crucial. Challenges include managing disease, ensuring water quality, and navigating complex regulations and certifications. Fish farming offers opportunities for innovation in areas like organic aquaculture and urban fish farming. Marketing efforts should emphasize the quality and sustainability of the product, targeting health-conscious and environmentally aware consumers.

23. Juice Bar : If you love juices, you can start a juice bar. You can offer various juice and smoothie flavors. A juice bar is a health-focused business specializing in serving fresh, natural juices and smoothies. It caters to health-conscious consumers looking for nutritious and quick meal alternatives. The success of a juice bar hinges on the quality of ingredients, offering a range of fresh, organic fruits and vegetables. Location is critical—high foot traffic areas such as shopping malls, fitness centers, or business districts are ideal. Juice bars can differentiate themselves through unique menu offerings, such as detox juices, superfood smoothies, and seasonal specials.

Knowledge of nutrition and the health benefits of various ingredients can enhance customer service. An appealing, clean, and modern store design can attract customers. Marketing strategies might include social media marketing, loyalty programs, and health-focused events. Challenges include managing perishable inventory, competing with larger chains or other health food options, and staying current with health trends. Offering additional health-related products or collaborating with gyms and wellness centers can expand the customer base.

24. Candle-Making Business : If you are good at making candles, you can start a candle-making business. You can sell candles online or in local markets. A candle-making business involves crafting and selling handmade candles. This creative venture appeals to consumers seeking unique home decor and personalized gifts. Success depends on the ability to create high-quality, distinctive candles, with an emphasis on design, fragrance, and packaging. Varieties can range from basic paraffin candles to more specialized types like soy or beeswax candles, with options for organic and eco-friendly materials. The business can operate from home, a workshop, or a retail space.

Online sales platforms and craft fairs are effective channels for reaching customers. Marketing efforts should focus on showcasing the uniqueness of the candles, perhaps through custom orders, themed collections, or seasonal products. Building a brand through a strong online presence, social media marketing, and engaging packaging can attract a loyal customer base. Challenges include differentiating from mass-produced candles, managing costs, and staying current with trends in home decor. Offering candle-making workshops or personalized services can add value to the business.

25. Soap Making Business : If you have good knowledge of soap making, you can start a soap-making business. You can sell soaps online or in local markets. A soap-making business specialises in creating and selling handmade soaps. This artisanal craft appeals to consumers looking for natural, customized skincare products. Success in this business hinges on creating high-quality, unique soaps using ingredients like essential oils, herbs, and natural colorants. Options include traditional bar soaps, liquid soaps, and specialty soaps for different skin types or purposes. Knowledge of soap-making techniques, skincare ingredients, and safety regulations is crucial. A strong brand identity, attractive packaging, and a compelling story behind the products can enhance marketability. Sales channels can include online platforms, local craft fairs, farmers’ markets, and specialty boutiques. Marketing efforts might focus on the benefits of natural ingredients, product customization, and environmental sustainability. Challenges include differentiating from commercial soap brands, managing production costs, and complying with health and safety standards. Engaging with customers through soap-making workshops, product demonstrations, and social media can build a loyal customer base and increase brand visibility.

Each of these 25 business ideas presents a feasible and promising opportunity for starting a business with an investment of around 5 lakhs. They cater to various interests and skills, and many can be initiated with relatively low overhead costs, making them ideal for entrepreneurs looking to make a significant impact with a modest budget. Whether it’s leveraging your culinary skills in a home-based bakery, tapping into the digital world with a marketing agency, or exploring the creative realm with photography or handicrafts, these ideas offer a diverse range of ventures to suit different entrepreneurial aspirations. With the right planning, dedication, and a keen understanding of your market, these business ideas can flourish into successful and rewarding enterprises.

Now that you have decided to start your business, you might need a loan of Rs 5 Lakh, and now, you would have to research ALOT finding the right lender for you, but a great time-saving hack is to visit Credmudra , your gateway to the ideal lender. Experience a swift online process that pairs you with the perfect financial partner absolutely free of charge. With Credmudra, your entrepreneurial journey is just a click away!

To know this easy process, you can check out this blog.

Choose a business idea that you are passionate about and start working on it. Remember, success is not guaranteed, but with the right idea and execution, you can turn your business into a profitable venture.

1. Can I Start a Business with Less than ₹5 Lakhs?

Yes, you can start a business with less than ₹5 lakhs. There are many business ideas that require a small investment.

2. How do I Choose a Business Idea?

Choose a business idea that you are passionate about and has a demand in the market. Do your research and create a solid business plan.

3. Do I need a License to Start a Business?

Yes, you need to register your business with the government and obtain all the necessary licenses and permits to run your business legally.

4. How do I Fund my Business?

You can fund your business through personal savings, loans , or investors.

5. What is the Monthly Interest Amount on a 5 Lakh Deposit?

For a Fixed Deposit of Rs. 5 Lakh, the monthly interest earnings are as follows:

Deposit : Rs. 5 lakh, Annual Interest Rate: 6.50%, Monthly Interest: Rs. 2,708

Deposit : Rs. 5 lakh, Annual Interest Rate: 7.00%, Monthly Interest: Rs. 2,917

Deposit : Rs. 5 lakh, Annual Interest Rate: 7.50%, Monthly Interest: Rs. 3,125

Deposit : Rs. 5 lakh, Annual Interest Rate: 8.00%, Monthly Interest: Rs. 3,333

6. What are the Most Popular Business Ideas within a 5 Lakh Budget?

In the current market, various startups and online ventures are gaining popularity due to their potential for high-profit margins at lower investments. Leading the pack are businesses such as digital consulting, yoga training, water purification services, fitness classes, and translation services, among other innovative and lucrative ideas.

7. What Steps should one take to become a Successful Entrepreneur?

The journey to becoming a successful entrepreneur begins with identifying a business idea that aligns with your interests and goals. This blog introduces you to a range of small business ideas that can be started right from your home.

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5 Best SIP Plans to Invest with Rs 100

As soon as you would have read the title, you must be like, “ ...these are the plans I needed. ” Well, no! For us being an expert, it is essential to burst the bubble and tell you that it would be nice if you start with a minimum amount of Rs 1000 or Rs 500 at least; as this way, you will be able to earn better returns with time. This blog is specifically for college-goers or millennials who can save this little amount and invest in something which can help them fulfill their future monetary goals. A hundred buck is just a small amount which most of us have usually spent buying a sandwich at the college cafeteria, so why not invest it and make a corpus out of it. We are sure it won’t take much of our words to convince you for this one. So without any further delay, let’s directly jump to the recommendations.

• 100% Paperless
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ICICI Prudential Bluechip Fund

ICICI Pru Bluechip Fund has created a buzz in the mutual fund industry. It was launched amid the market crisis of 2008, so the beginning was not impressive, but soon, it has been providing consistent growth without showing a sign of weakness. This is the reason it lands up on the list of all mutual fund recommendations. ICICI Pru Bluechip Fund Growth Plan has been following an optimal asset allocation as well as an investment style. To ensure high growth along with the stability, it has been following a mix of value and growth investment style.

Being from the large-cap category, it picks instruments from the top 100 stocks of the mutual fund market as per the market capitalization. Also, in addition to the equities, a small part is also given to the debt space (4.26%), so that a pinch of extra stability can be added. It has been successful in offering 14.88%, 13.69%, and 18.70% returns in five, seven, and ten years, respectively which are all way ahead of its benchmark and category’s average.

Reliance Small Cap Fund

Reliance Small Cap Fund was launched on Sep 16, 2010, and for the starting few years, it was a flat performer. But, after Nov 2013, it started showing significant growth and provided exceptional returns even when the small-cap index was not performing well. The fund has not only managed to perform spectacularly in the long term, but it has capped the losses exceptionally better than its benchmark as well as the category in the past year. This shows that the management is excellent and the strategies are working in favor of the scheme.

The best way to predict the future of a scheme like Reliance Small Cap Fund G is through its asset allocation style. It is an equity- small-cap category scheme, but recently it has increased its investment in debt (6.47%) and cash instruments (3.1%) to deal with the volatility in the small-cap space. It is a great investment for investors with high-risk appetite and long investment tenure.

ICICI Prudential Midcap Fund

ICICI Prudential Mid Cap Fund was launched on October 24th, 2018 by ICICI Pru Mutual Fund . Due to its mind-blowing performance, it has managed to bring its name on the list of top performing funds in 2018 in the mid-cap category. This fund’s annual average return since launch has been around 17%. Although it has generated little less returns compared to its benchmark NIFTY Midcap 150 TRI, with time it has managed to do well.

ICICI Prudential Multicap Fund

Another bright performer from ICICI Pru MF, ICICI Prudential Multi Cap Fund has been a conservative player of the multi-cap category but still, it has managed to outperform its benchmark and category’s average returns in the long term tenures of five, seven, and ten years. Currently, the fund holds 68 stocks in its portfolio where 77.9% has been assigned to giant and large-cap companies, and the rest is distributed among mid and small-cap segment. Its standard deviation is marginally less than its benchmark and category’s average which shows that the fund manager is not taking that risky bets in the current volatile market. On a risk-adjusted basis, the returns of  ICICI Prudential Multi Cap Fund   stand out in the risk-adjusted quartile ranking model of a conservative investor who is willing to seek benefit from the equity market.

Reliance Large Cap Fund

Reliance Large Cap Fund has a track record of generating some of the highest returns in the category and all credit for that goes to the sound investment strategies of Reliance MF. The scheme is following a partially diversified stock-picking style and currently has investments in 45 stocks. As for the investment style, it is a blend of growth and value investing which allows it to take benefit from the opportunities arising in the equity market. It also holds major investments in the finance sector (36.61%), and the highest allocation is in big players of the stocks market such as the State Bank of India (9.53%), Larsen & Toubro (6.00%), Axis Bank (5.76%), ICICI Bank (5.22%), and HDFC Bank (5.06%). It can be an ideal choice if you’re someone who can handle moderate risk and have high growth expectations.

Other than millennial, Investors from small towns or new ones can also plan to invest in the schemes listed above, for they would want to test the investment avenue with a minimal amount. Once comfortable, they can increase the amount gradually. The above-listed Systematic Investment Plans (SIPs) will allow you to invest a small amount of Rs 100 each month in a disciplined manner. Some of the schemes that we are recommending are deep in the negative returns (last one year), which is why they are available at a much lower NAV. Thus, this is your time to make the most when you can buy low and sell high. Happy Investing!

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Top One-Time Investment Plans In India

• Know the benefits of investing in one-time plans
• Explore the factors to keep in mind while investing
• Find out how to start a one-time investment plan

Best One Time Investment Plan in India

Editorial Note: This content has been independently collected by the Forbes Advisor team and is offered on a non-advised basis. This content is not part of the comparison service provided by RunPath Regulatory Services. Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.

Not everyone wants to invest in monthly or quarterly systematic investment plans (SIPs). Some people want a hassle-free payment scheme, where delays and missed payments are not a factor. For such people, several one-time investment plans are available in the market.

Find the best one-time investment plans for 2024.

Best one-time plans

The following one-time investment plans offer different returns for the varied investor universe and their diverse needs.

• Unit Linked Investment Plans (ULIPs)

Equity Funds

Liquid funds, fixed deposits.

• Sukanya Samriddhi Yojna

Public Provident Fund

5-year tax saving fds, national pension scheme, gold assets, best one-time investment plans in 2024, unit-linked investment plans (ulips), sukanya samriddhi yojna (ssy), summary of top one-time plans in 2024, what are one-time plans, benefits of investing in one-time plans, how to start a one-time investment plan, bottom line, ideal investment period.

5 years for tax benefits

Risk Factor

Medium to High

It’s a good pick for people looking for life coverage and market-linked investments in a single instrument. Risks are low compared to equity funds. Additionally, there is flexibility in these plans to switch portfolios. Plus, there is a range of equity and debt options available for the investor. A partial withdrawal facility is an attractive benefit.

5 years and above

These are less riskier than equity shares, diversify the portfolio and have tax benefits associated with them under Section 80C of the IT Act, 1961. Experienced professionals manage some options. Additionally, it’s worth noting here that ELSS or Equity equity-linked savings Schemes provide high returns with market-linked investments.

3 years and above

Some of the best debt-based one-time investment plans include government securities and AA/AAA-rated corporate bonds. Compared to equity and hybrid funds, these are the least risky. Additionally, these provide good returns and steady gains. To gain a better tax advantage, it’s important to not withdraw funds before 36 months otherwise the gains are taxed under the short-term capital gains bracket.

3 years or less (unless a SIP)

If high liquidity and short-term gain are the goals, liquid funds are a great option. These have low risk and invest in high-rated debt assets. The maturity period is short. It offers stable returns. You can also switch from liquid funds to other funds easily. To qualify for long-term capital gains tax benefits, stay invested for at least three years.

7 days to 10 years

The most popular and trusted one-time investment plan, fixed deposits provide guaranteed returns over a set duration. The guarantee is a result of the fact that the interest rates of these instruments are not linked with market fluctuations. Thus, the market risk is the lowest. Additionally, these benefit senior citizens as they get higher interest rates than the rest. Partial withdrawal facilities are usually offered.

Up to 21 years or till the girl child gets married

The long-term deposits-linked savings scheme for the girl child, Sukanya Samriddhi Yojana is a government-backed investment plan that aims at creating a corpus for a girl child’s education, marriage and other expenses. The interest rate is 7.6%. The rates are periodically revised. Withdrawal is permitted once the girl child reaches maturity. The maturity benefit is tax-free.

About 15 years

Not only does the Public Provident Fund offer guaranteed returns as it’s also unaffected by market fluctuations, but it also offers tax benefits on investments under section 80C of the IT Act. It gives tax-free returns and has fixed interest rates. However, the interest rates are sometimes revised by the central government.

It needs money to be invested for at least 15 years. The tenure is extendable for an infinite period in blocks of five years.

This is a one-time investment plan with guaranteed returns and tax benefits. The 5-year tax saving FD has a fixed tenure of 5 years and premature withdrawal is not allowed. It offers higher interest rates to senior citizens.

60-70 years

It’s one of the best savings plans for retirement planning and is backed by the government. Investors can pick from active and auto options. There is flexibility offered in terms of frequency of investment and amount. Charges associated with fund management are low.

Depends on market conditions

Gold provides a hedge against inflation. Since it performs well during economic turmoil, it is also seen as a good asset for portfolio diversification. When it comes to gold, investing with a lump sum amount is convenient.

Plans that allow a lump sum amount to be deposited for a specific period are called one-time plans. These are a good option for high-risk tolerant investors and for those who can block the money for a set period.

Not only investing is a better use of money lying idle, but it usually gives people higher returns. One-time plans are hassle-free and investors do not have to worry about regular payments or stress about delays and investment dates.

• Higher returns – Money left idle or invested in low-return instruments might be a lost opportunity to see the fruits of your labor grow. Some of the one-time plans give better returns and demand an evaluation by those looking for higher yields.
• Hassle-free – As mentioned above, one-time payments don’t require you to stress about scheduling payments of the right amount on the right dates. You also do not have to worry about delays or missed payments.
• Low transaction costs – Generally, low fees are associated with lump sum money investments. Transaction charges are low.
• Tax benefits – Plans such as ULIPs and ELSS provide tax benefits. There are also other one-time plans with indexation benefits that attract lower taxes.

Factors to Keep in Mind While Investing in a One-time Plan

Like all investments in the market and otherwise, one-time plans need proper due diligence. To reap benefits from an investment, it needs to be aligned with your goals. Following are the factors you might want to consider before picking up one that fits your bill.

• Conduct your due diligence – Choosing your plan wisely or you might set yourself up for misfortunes. Gain as much information as possible about the plan, especially about its performance. Understanding the investment market is also beneficial. You can research online, read books, or consult financial experts.
• Calculate returns and liquidity – It is important to consider factors such as returns and liquidity. Additionally, historical performance trend analysis is a crucial parameter to consider. You would also need to ensure your investment goals are aligned with the plan’s objectives and performance projections.
• Be patient – Know whether you want a short-term investment or a long-term investment and if it’s in your best interest. Know which one-time plan type you want to go with and why. Also, understand that patience is key. The market sometimes takes time to show an upward trend. Therefore, do not make rash decisions or panic.

To start a one-time plan, it’s important to know what you expect from the investment – your goals. That would set the tone for time duration, amount and other important factors. Here is how to go about your investment.

Step 1: Fix an investment goal Step 2: Choose the right period – achievable duration Step 3: Select the amount you can and should invest Step 4: Pick the asset/instrument that can take you to your goal Step 5: Connect with your bank, either online or in person to invest in the asset class/financial instrument

The last step and perhaps the most important is to ensure you are patient and do not take rash decisions or without proper due diligence.

There are ample options available in the market when it comes to one-time investment plans and these cater to the varied needs of investors. It’s important to ensure your investment aligns with your financial goals to ensure

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Can I invest only one time?

Periodic investment plans—monthly, quarterly, annually—are also available if you do not want to go for one-time investment plans. However, in a one-time plan, only single pay is allowed. However, you can invest in multiple one-time plans.

What’s better: SIP or a one-time investment?

It depends on how much money you have lying idle, your financial goal, risk tolerance and convenience. If you want to average out risk over the years and have a medium risk tolerance, SIPs would be a better choice. If you have a large chunk of money lying idle and a good risk appetite, a one-time investment plan should work. There are low-risk one-time investment plans as well.

What are the disadvantages of one-time plans?

Sometimes some instruments might attract lower interest rates as the risks are not averaged out as they are in an SIP. Lower-risk instruments often attract lower interest rates. Plus, one might suffer losses in market-linked assets when volatility or fluctuations are raging through the space. Additionally, most plans do not allow for further investment or withdrawal before maturity. Not to mention, liquidity in a lot of these plans is low.

Second, we also include links to our advertisers’ offers in some of our articles. These “affiliate links” may generate income for our site when you click on them. The compensation we receive from advertisers does not influence the listings or commentary our editorial team provides in our articles or other impact any of the editorial content on Forbes Advisor.

How to Write an Investment Proposal [Template + Examples]

Published: June 28, 2024

As a writer, I’m extremely familiar with the concept of proposals. We write these sorts of proposals to convert clients, persuade buyers, and grow our business in the short term. However, investment proposals are a bit different — these proposals are written with a unique purpose for a specific audience and with some high stakes attached.

An investment proposal is the key to long-term business growth for many businesses, so it’s important to get it right.

In this article, I’ll define investment proposals, compare them to the business proposal, and then break down the components. I’ll provide a template, look at investment proposal examples, and even hear some tips for writing from a professional.

Table of Contents

What is an Investment Proposal?

Investment proposal vs. business proposal, 10 components of an investment proposal, how to write an investment proposal [+template], investment proposal examples [+tips].

An investment proposal is a document outlining the plan for a business. You use it to attract or convert investors to fund your organization. It covers the strategy of your business, the market, and financial projections, making it an essential document for conversion — empowering them to invest.

Don't forget to share this post!

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Best SIP Plans for Rs. 1,000 per Month in India (2024)

Last Updated on Feb 8, 2024 by Harshit Singh

Not every investment needs a lumpsum amount to invest . A few investments, like mutual funds , allow you (the investor) to invest in regular intervals via SIP (Systematic Investment Plan). Not just that, an SIP investment can be started with as low as Rs. 100. In this article, learn about the best SIP plans for Rs. 1,000 per month, along with factors to consider while investing in SIPs and taxation.

Table of Contents

What is SIP?

A Systematic Investment Plan (SIP) is a method for investing in mutual funds that allows investors to invest fixed amounts at regular intervals (e.g., monthly or quarterly). Investing through SIP encourages disciplined investing by automating savings and investment processes. It allows investors to participate in the financial markets without needing to time the market.

SIP offers flexibility in investment by allowing adjustments in investment amounts and the option to pause or stop investments as needed. SIPs provide a way to diversify your investments across various assets for generating wealth over time with small and regular amounts.

Best SIP plans for Rs. 1,000 per month with highest 1Y return

Note : The above list of the best SIP plans for Rs. 1,000 with highest return is derived from Tickertape’s Mutual Fund Screener using the following filters :

• Absolute 1-yr returns – sorted high to low
• Expense ratio
• Minimum SIP – limited to Rs. 1,000

Note: The data is from 8th February 2024.

Best Rs. 1,000 per month SIP for 3 years

Note: The above list of the best SIP plans for Rs. 1,000 for long-term is derived from Tickertape’s Mutual Fund Screener using the following filters :

• 3-yr CAGR – sorted high to low

Best Rs. 1,000 per month SIP for 5 years

Note: The above list of Rs. 1,000 per month SIP for 5 years is derived from Tickertape’s Mutual Fund Screener using the following filters :

• 5-yr CAGR – sorted high to low

Best SIP plan for 10 years

Note: The above list of the best SIP Rs. 1,000 per month for 10 years is derived from Tickertape’s Mutual Fund Screener using the following filters :

• 10-yr CAGR – sorted high to low

Benefits of investing in mutual funds through SIP

• Rupee Cost Averaging: SIP allows investors to purchase more units when prices are low and fewer units when prices are high, averaging out the cost of investment over time. This strategy can lead to lower average costs per unit, which is beneficial in volatile markets​​​​​​.
• Power of Compounding: The returns generated from SIP investments are reinvested to generate additional earnings over time. This phenomenon is called the compounding effect. Over long periods, let’s say 5 years or 10 years, disciplined investing through SIP can significantly create wealth to meet long-term goals.
• Flexibility and Convenience: With SIPs, an investor can start investing in mutual funds with a small amount and have the flexibility to adjust (increase or decrease) the investment amount. SIPs offer the convenience of automatic deductions from a bank account, making the investment process hassle-free​​​​.
• Diversification and Risk Management: Investing through SIPs in mutual funds provides diversification across various assets, reducing the risk of investing in single stocks or sectors. This approach helps in mitigating risk effectively​​.

Factors to consider before investing in a SIP

Similar to any other investment, there are certain factors you need to be aware of before investing in a mutual fund SIP. 

• Investment objective – The first and foremost factor to consider while investing in any investment is your investment objective. Know your investment goal and the time horizon. Only then you’ll be able to decide on the right SIP that suits your needs.  
• Risk appetite – The amount you want to invest in an investment is the risk you are willing to take. Check your risk tolerance and invest accordingly. Ensure you have left room for emergency funds. 
• Scheme’s performance – Not all the investments that fit your goals are good. Check the past performance of the scheme before investing. 
• Additional costs – Check the fees involved in a SIP scheme before investing. 
• Fund house credentials – Research the credentials of the fund house you are selecting the SIP from. 

Can a minimum investment of Rs. 1,000 in SIP make profits? 

Mutual funds SIP works on the magic of compounding. You investment increases on the basis of compound interest and a large corpus is accumulated at the end of the tenure. For example, if you’ve invested Rs. 1,000 in 2024 for returns of 10% per annum returns and tenure of 10 yrs, the profits are as follows: 

At the end of the 10th year, the returns on your investment of Rs. 1,000 monthly will be Rs. 2,06,552. 

Taxation on SIP

Taxes on mutual fund SIPs depend on the investment time period as follows: 

• Long-term capital gains (LTCG) – If the investment is made for more than 12 months, then it is considered as LTCG. – In the case of equity funds, if the investment gains exceed Rs. 1 lakh, you are taxed at 10%. And if the investment gains are less than Rs. 1 lakh, the gains are tax-free. – In the case of debt funds , the gains are taxed at 20% with indexation benefits. 
• Short-term capital gains (STCG) – If the investment is made for less than 12 months, it is considered STCG. – In the case of equity funds, the STCG is taxed at 15%. – In the case of debt funds, the gains are taxed as per the investor’s income tax slab. 

SIP is a convenient option to invest in mutual funds . It allows you to invest at periodic intervals and also benefit from the power of compounding. However, like any other investment, there are certain risks like default, credit, liquidity risks, etc. Hence be careful and invest after thorough research about the scheme. 

You can use Tickertape to understand a fund’s fundamentals. Log in to Tickertape and search for a fund. In the fund page you’ll get all the important metrics like returns, AUM, financials and more. You can also add the fund to your Watchlist and monitor it on a regular basis.   

1. How to get the list of best SIP plans for 5 yrs?   

You can get the list of the best SIP plans for 5 yrs on Tickertape by following the steps below:  – Log in to Tickertape – Launch the Mutual Fund Screener – Click on ‘Add Filter’ – Search for ‘SIP Investment’ and select it  – Search and select ‘Lock-in’. Set the lock-in years to high (3 to 5yrs) Sort the results according to your preferred parameter 5Y CAGR, 3Y CAGR, 1Y Absolute Returns, etc., to get the best SIP plans for 5 yrs.

2. Which is the best SIP plan in India? 

There are several mutual fund SIP plans in India. You can get the list of the best SIP plans on Tickertape by following the steps below:  – Log in to Tickertape – Launch the Mutual Fund Screener – Click on ‘Add Filter’ – Search for ‘SIP Investment’ and select it  Sort the list according to your preferred parameter 3Y CAGR, 5Y CAGR, 1Y Absolute Returns, AUM etc., to find the best SIP plan in India. 

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50 Businesses You Can Start With INR 1 Lakh Or Less

Shubham Kumar

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.

T-Shirt Printing

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.

Investment Business

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.

Custom Gifts

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.

Food Corner

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

Game Parlour

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

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.

Beauty Salon

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.

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.

Writing Services

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.

Graphic Designer

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 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.

Home Decorator

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.

Fashion Designer

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.

Fashion Store

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

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.

Craft Store

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

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 Business

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.

Travel Agent

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.

Amazon Seller

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

E-Book Writing

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

Laundry Shop

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.

Catering Business

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.

Grocery Shop

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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Starbucks Business Model | How Does Starbucks Make Money

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Nike Business Model | How Does Nike Make Money?

Nike is one of the most well-known names in athletic footwear, apparel, and accessories. Among the many things that have contributed to Nike's success, the company's well-thought-out business model stands out as the main cause for its continued success in the marketplace. This article will explore the business model and

Physics Wallah Business Model | How Physics Wallah Makes Money

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Best Investment for Monthly Income in India

Monthly income is undeniably the one thing we need, right? But if you have a significant quantity of spare cash, putting it in programs that provide consistent monthly income is a wonderful option. This guarantees that your idle funds begin to pay dividends or make earnings.

This is probably leaving you wondering, “ How to get monthly income from investments in India ?”. This article covers this for you. Here you can find the best investment for monthly income in India .

In this blog, we have put together a list of the top income plans that can help you generate monthly income, in 2024.

Best Monthly Income Plans You Should Consider  

Factors to Consider Before Investing in Monthly Income Schemes

• Prior to making an investment in the aforementioned schemes, people should consider the state of the market.
• Most seasoned investors prefer to invest in the Monthly Income Scheme when the rate of interest is high because a higher rate of interest causes a decrease in net asset value.
• People should exercise extra caution before choosing a particular type of scheme because there are numerous Monthly Income Plans available on the market today.
• People who want to put money into Monthly Income Plans should first be aware of their needs and requirements as investors.
• You can compare their scope, offerings, and performance as you further conduct in-depth research on the best monthly income scheme for 2024. By doing this, you will be better able to comprehend which kind of scheme is better for them and how to utilize it to its fullest.

Best Income Plans of 2024 in Detail

Senior citizen saving scheme, post office monthly income scheme, long-term government bonds, corporate deposits, monthly income plans, pradhan mantri vaya vandana yojana, life insurance plus saving, systematic withdrawal plans, equity share dividends, annuity plans, what is the importance of a monthly income generation plan.

It is critical to understand the benefits connected with various types of investment schemes since different schemes are created with different investor types' wants and requirements in mind. Individuals who are working and have a regular monthly paycheck should invest in plans that emphasize capital appreciation and growth strategies.

However, in order to fulfil their immediate financial needs post-retirement, one would also wish to engage in programs that give monthly returns.

The portfolio of investments for income production is very different from the portfolio of investments for capital appreciation. Income-generating schemes may not be popular with the great majority of investors since they do not produce big returns, but they do ensure a steady income in the future.

These schemes' passive income production leads to financial independence, which is their fundamental significance.

It's not as difficult as you might think to find the best investment plans in India for monthly income . However, you might want to research the advantages and how they might benefit you before investing in any of these schemes. You must determine which plan would best serve the varied financial objectives of different people.

Happy Investing!

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here Research Analyst - Aakash Baid

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A surge in the U.S. labor force in recent years may have driven up the number of new jobs needed to avoid a rise in the unemployment rate to around 230,000 a month, according to research published Monday by the San Francisco Federal Reserve Bank.

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DN Solutions' Expansion Plan in Bengaluru Rs 600 Crore plus Investment by 2030 with Karnataka Gov. MoU

SEOUL, South Korea, July 3, 2024 /PRNewswire/ -- DN Solutions plans to make a Rs 600 crore plus investment by 2030 in Bengaluru, India, to establish a new factory and R&D center. Known as a leading global brand for machine tools in India, DN Solutions' CEO, Wonjong Kim, recently met with S. Selvakumar, Principal Secretary of Industries for Karnataka, India. This meeting took place at Lotte Hotel Seoul in South Korea on Tuesday, July 2nd, where they signed a Memorandum of Understanding (MoU) to formalize the investment agreement. Under the MoU, DN Solutions will invest approximately Rs 600 crore plus by 2030 to construct a new manufacturing facility and research hub in Bengaluru. The Government of Karnataka, in turn, has committed to providing necessary administrative support, including permits and incentives. The MoU signing ceremony was attended by key dignitaries including M. B. Patil, Karnataka's Minister for Large and Medium Scale Industries, Infrastructure Development, Amit Kumar, the Ambassador to Seoul and Ramesh Vishwanath Iyer, President of the Indian Chamber of Commerce (ICCK) in Korea. Mr. Patil was in Korea as part of a state government initiative to attract investments to Karnataka. Located on a site spanning approximately 100,000 sq.m within an industrial park near Bengaluru, the new facility is expected to be operational by 2026. This strategic investment aims to enhance accessibility to DN Solutions' high-quality products in India, streamline order fulfillment times, and cater more effectively to the specific needs of Indian customers. DN Solutions first established its presence in India in 2008 with the opening of a technical center in Bangalore. Earlier this year, the company introduced the SVM 4100i machining center tailored to the local market, which has received positive feedback. Kim, the CEO of DN Solutions, expressed confidence in India's competitive manufacturing capabilities, emphasizing its status as a key emerging market for the company's future growth. He reaffirmed DN Solutions' commitment to meeting the demands of Indian consumers by continually developing and launching localized product models. *Founded in 1976, DN Solutions has built a comprehensive lineup of over 500 types of machining tools for its turning centers and machining centers, based on its proprietary technological prowess. It ranks as the world's third-largest machining tools brand by revenue. With a network spanning 66 countries and 141 overseas dealers, DN Solutions meets the demands of diverse industries such as automotive, aerospace, medical, energy, IT, and construction. The company has successfully launched and sold global top brands like PUMA and DNM, renowned for their durability, precision, and strength. DN Solutions also offers high-end products such as 5-axis machines and turn-mill machines, along with software solutions like the smart machining operation platform CUFOS, high-productivity automation solutions and smart manufacturing solutions. Photo - https://mma.prnewswire.com/media/2453441/image.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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Learn Mutual Funds How Should I Invest To Earn 1 Crore?

How Should I Invest To Earn 1 Crore?

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I save around Rs. 20,000 every month. Can Mutual Funds make me a crorepati? If yes, what should I do to earn Rs. 1 crore? Sudam Mehta

You want to accumulate Rs. 1 crore by investing around Rs. 20,000 a month. It is quite possible, but it would not happen overnight. You will need to make investments in a disciplined manner and stay invested for the long term. One way to ensure disciplined investing is to opt for a Systematic Investment Plan (SIP).

Apart from disciplined investing, you will also need to be smart about the products in which you invest. Equity Mutual Funds are a good choice, as their ability to give inflation-beating returns in the long term is unmatched.

While there is no guaranteed or fixed rate of return that you can expect from your Equity Mutual Funds, you can refer to past returns as an indicator. Here are some of the most popular Equity Fund categories and what they have delivered in the past to get a hint of what you can expect from your returns.

As the above table shows, there are no fixed returns from Equity Mutual Funds, but you can expect an average annual return of 10-14% if you invest in Equity Funds. Now, let’s look at different scenarios and check how many years it will take to fulfill your dream of becoming a crorepati.

The number of years it will take to reach your target of Rs. 1 crore will largely depend upon the returns you get. It is better to assume that you will get the lowest rate of return from the above table and set your expectations accordingly. If you earn better returns and reach your target faster, it is never a bad thing.

You can select either one Equity Fund or a couple of Equity Funds from different categories such as Large Cap, Mid Cap, Flexi Cap, etc. To find the  best Equity Funds , you can use  ETMONEY’s Fund Report Card . And check various indicators of the scheme such as return consistency, their ability to protect the downside, ETMONEY Rank, etc.

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22 Best Business Ideas for Aspiring Entrepreneurs [2024]

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Are you dissatisfied with your substantial paycheck and the confines of a 9 to 5 job? Do you dream of your own business and establishing a thriving business? Yet, you might be grappling with uncertainties about the most lucrative business ideas in India today that don’t demand significant initial investments.

It’s a misconception that a substantial sum of money is requisite for initiating and successfully managing a business . Take a glance at globally renowned companies such as Facebook, Apple, and Subway, to name a few. They all commenced their journeys with modest financial resources!

Furthermore, financial constraints should be the least of your worries in contemporary India. The market offers numerous loan providers and credit options, catering to personal loans tailored for aspiring entrepreneurs.

22 Best Business Ideas

Here is the list of the best 21 best business ideas that don’t cost you an arm and a leg.

Interior Design and Decoration

This one is for the creative souls! The interior design market of India is booming like crazy. Fancy interiors are not only for the rich people anymore. Indian middle class and higher middle class now aspire for modular kitchens, smart furniture, innovative colour scheme, aesthetic decorative items, and lighting.

As a result, independent designers and small business firms have a lot of scopes to make money through interior design.

Check out our guide on “ How to Start Interior Design Business “ .

Pharmaceutical Businesses

Did you know that India is the world’s largest exporter of generic drugs? The Indian pharmaceutical market has the reputation of being an ever-growing market that is constantly innovating. The Pharma sector was not affected by the economic slowdown due to the pandemic. Another reason for the pharmaceutical business to be one of the most profitable business ideas in India is that you can enter in more than one way in this sector. It needs the workforce for manufacturing, research, engineering, and procuring raw materials.

Organic Farming

Indian people are increasingly becoming aware of the chemical used in pesticides and preservatives. Therefore the concept of organic farming is gaining popularity. People search for affordable and organically grown fruits, vegetables, and other food items. If you or anyone in your family has agricultural land, you can enter this business in the capacity of a farmer or cultivator of crops. Or else you can become a distributor of organically grown food products.

Labour Contractor

Several projects are going on in India at any point in time. In this scenario, there will always be a constant need for workers. And a majority of workers on sites are contract workers. It’s one of those successful business ideas in India which require nil to a minimum investment. However, you need to make good contacts and learn about labour laws as you’ll be directly working with people.

Cloud Kitchen

Cloud kitchen refers to the shared kitchen space between multiple restaurants. Providing the facility of cloud kitchen is one of the most successful business ideas in India with low investment. All you need is a functional cooking space in a commercial place. Cloud kitchens play vital roles in facilitating online food orders at low costs. Therefore, India is expected to see a rise in cloud kitchens in 2024.

Check out our guide on “ How to Start Cloud Kitchen “.

Fashion Accessories

It’s an evergreen business. Scrunchies, phone cases, jewellery, watches, and wallets, so many products can bring revenue to this business. Girls were always in love with new and designer fashion accessories. With the invention of men purse and other male-oriented designer accessories, this industry has also caught the attention of alpha males. You only need a little creative sense and a reliable source of beautiful and futuristic fashion accessories to rule the market.

Photography

Earlier photography was in demand for special occasions only. Nowadays, product photography, seminars, pre-wedding shoots, etc., have widened photographers’ scope of work. People want to present their products or occasion in the best possible manner. Therefore a photographer needs a good camera, lens, and other photography equipment like a tripod as a basic investment. You can always get a personal loan for business if you find them expensive.

Check out our guide on “ How to Start Photography Business “.

Exclusive Plant Nurseries

Gardening is a much-loved hobby of many people. Even people with small homes manage limited space for gardening. Plants are also widely used as home decorations and natural air purifiers. And with increasing awareness, everyone considers plantation as their responsibility and contribution towards reducing global warming.You will find at least some plants in every home. Therefore plant nurseries are in demand in both small and big towns.

Housekeeping Services for Hotels

Apart from the existing number of hotels, various experts predicted more demand for hotel rooms in India. In this scenario, one service that the hotel industry will need in bulk is housekeeping services. Housekeeping is essential to keep hotel rooms sparkling clean to attract more customers. It is a necessary requirement for their business to flourish. You need good communication skills and contacts to enter and succeed in this business.

Property Management

The property management business is flourishing, with people getting busier and busier these days to manage their properties. You need an office, sales and marketing skills, communication skills, and knowledge of property laws and paperwork.What makes it among the best profitable business in India is it pays you good money for only taking care of the property documentation of your clients.

Event Management

Whether it’s a wedding, baby shower, product launch, or a store opening, we Indians love to celebrate everything on a grand scale. Hosts don’t have the time to do everything with such big celebrations. Here comes the role of an event planners. They are rarely out of business. You need some people’s skills, an office as your base, some workforce, and contacts within the vendors’ circle to run an event planning business successfully.

Check out our guide on “ How to Start Event Management Business “ .

Pre-recruitment Assessment

India’s giant companies often do mass recruitment, so they don’t have time to scrutinise every profile. But this does not mean that they don’t want to hire the best. You can help these big companies in their pre-recruitment assessment.

Your job is to craft tests to evaluate a candidate’s calibre for the job. It’s one less task for their overworked HR and a good source of income for you.

Scrap Collection

Scrap collection in India is not as organised as in the western world. But it’s still a million-dollar industry. Rag pickers, known as “kabaris” in the local language, will bring the scrap to you.

Afterwards, you need to separate different materials and sell them to a dealer or directly to a manufacturing facility. Know the market price of various metals, and you can earn a good margin in buying and selling the scrap.

Website Designing

Website designing is a requirement of every company today and ranks amongst the best online business ideas. Their customers, aspiring candidates, and vendors all check their websites. So there’s a lot of work to do in this sector. No wonder it’s considered as one of the most profitable businesses in India with low investment.

With website designing, blogging, and digital marketing are also gaining pace in becoming the most in-demand services. You need a laptop, software, technical skills, and creativity.

Online Ads Service

The boom in the IT sector also made online ads services as one of the most profitable businesses in India. You can secure a good deal with website owners for your clients. You need contacts of the website owners and the business sector to make clients.

Good media management skills are the prerequisite for this business to succeed. You can do online courses if you don’t have in-depth knowledge.

Co-working Spaces

If you have a bigger office than you need, you can easily convert it into a co-working space. This is one of the zero investment and most profitable businesses in India right now. Many companies and professionals don’t require more than a work desk to operate.

These people can benefit from you renting your space to them. And your extra space gets utilised. Isn’t it a win-win!

In the ever-evolving world of fashion, the boutique business stands as a beacon of style and individuality. With an increasing appetite for unique and curated fashion experiences, opening a boutique is not just a venture; it’s a sartorial odyssey. Immerse yourself in the world of trends, connect with local designers, and bring forth a haven where fashion enthusiasts find their signature style.

Check out our guide on “ How to Start a Boutique Business “.

Serving up more than just meals, a food truck business is a movable feast of flavors and creativity. Embracing the culinary scene on wheels, this business idea is all about mobility and taste bud adventures. From street corners to local events, offering delicious bites that excites taste buds and creating a community of food lovers on the move, food truck business is one of the most sought after business ideas.

Pet Business

In the heartwarming world of petcare, creating a business goes beyond the ordinary—it’s a commitment to the well-being and joy of our furry companions. Whether it’s grooming services, pet sitting, or crafting specialized treats, the petcare business is a celebration of the unconditional love that pets bring into our lives. Build a haven where tails wag, purrs resound, and pet owners find a trusted partner in their furry friend’s happiness.

Consulting Business

Venturing into the consulting business is akin to becoming a guiding light in the corporate landscape. Armed with expertise and insights, a consultant navigates the intricate pathways of business challenges, offering solutions that transcend the ordinary. It’s not just a profession; it’s a strategic partnership where success is measured by the impact of tailored advice and the growth it fosters.

Personal Training

In the dynamic world of fitness, a personal training business is a journey of transformation, both for the body and the spirit. It’s about sculpting more than muscles—it’s about sculpting lives. As a personal trainer, you become a motivator, a coach, and a beacon of health. Customize workouts, instill discipline, and lead a fitness journey where each client’s success reflects your expertise and commitment.

Car Detailing

Car detailing is more than a lucrative business idea—it’s an art. Picture vehicles turning into stunning masterpieces. It’s a precise, passionate symphony of shine. Imagine diving into a world of spotless exteriors and interiors, treating each car like a canvas. From careful hand washes to fixing paint imperfections, it’s all about embracing the beauty of cars. Create a space where cars don’t just get clean but transform into reflections of automotive elegance. Your detailing skills? They’re the brushstrokes turning every ride into a rolling masterpiece.

Hopefully, one of these business ideas will click with you and become a turning point in your life.

Shiv Nanda is a financial analyst at MoneyTap who loves to write on various financial topics online. He also advises people on financial planning, investment choices and budgeting skills, and helps them make their financial lives better.

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Ageas Federal launches 'Golden Years Pension Plan' for secure retirement

The fund based on market outlook, aims for steady returns through active management, diversification, and a blend of growth and value investing.

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15 Profitable Business Ideas under 10 Lakhs Rupees in India

Aiming to be an unbeaten entrepreneur is not about having ideas that no one has but about making them happen the way no one has. There’s no dearth of ideas, but one has to spot the right one.

The common populace’s access to the internet with an increasing requirement for services along with manufactured goods has led to a new turn in the kind of business ventures taken up today. It is no longer necessary to have a vast amount of capital or a tangible product to establish a business.

All this, along with the increasing support provided to start-ups from angel investors and venture capitalists, has made it easier to start a new business.

Zillions of people might have started their entrepreneurial story with a modest amount of Rs. 10 lakhs or even lesser . Some of them might have fallen apart, however, many of them have gone onto becoming estimable success stories. Learning from their empiricism, and following the right path, you can also create a completely different story of your own, one which is way better than all the others.

The first step in that direction is to decide what business you want to set up.We’re putting forth ahead Some Profitable Business Ideas under 10 Lakhs Rupees you get started.

Here’s The List 15 Profitable Business Ideas under 10 Lakhs Rupees in India (2022):

#1. Franchise Stores

• Investment : 6 – 8 lakhs
• ROI period : 6 – 8 months

There are brands in the market today which are already quite established.In addition to a pre-sold customer base, franchises offer a continuous support from the pre-opening stage to operational, training and managerial support required for proper functioning of the store.

In 10 lakhs and under, one can easily get a license to open up a franchise store for a lot of brands.

Start with carrying out some good research about possible options such as healthcare unit, a restaurant , a boutique, departmental store , salons , day-care centers , gaming zones , fitness centers , coaching centers, vocational training institutes etc. on a website such as Franchiseindia.com .

PRO TIP : Be careful when investigating your options. Evaluate them on the basis of factors like the brand reputation, the franchisor’s experience, your own abilities, and skills for the business, store location, it’s potential, the demand in the market, the competitors, future prospects etc.

Related :  Guide to Start Your Very Own Gadget

#2. Gadget Store

• Investment : 8 lakhs

This is the internet age. There’s hardly any individual or any place without at least a couple of phones and laptops or a PC. Joining the gang are headphones , speakers , home theatre systems , gaming gadgets, VR systems, fitness trackers, cameras etc.

With the increasing demand of these electronic devices, a store with a good range of devices on retail and a well-informed sales staff can easily find its spot in the market as a customer coming to the shop will always appreciate good and helpful advice on their buy.

The store can also be taken to an e-commerce portal for enhanced convenience for consumers and profitability for the owner.

PRO TIP : A servicing and repair center can be started alongside or you can team up with a good service center nearby. Services like free home delivery, gifting options on request etc. will further add to customer loyalty.

Related :  15 Profitable and Super-Easy Retail Business Start-up Ideas 2018

#3. Cleaning Business

• Investment : 2-5 lakhs
• ROI period : 6 months

Cleaning is a necessary chore, but not everyone is a fan of it. With the right kind of approach, this seemingly boring chore can be taken to the next level and turned into a profitable business idea. The idea might sound outlandish at first but some enterprises in India like Keentoclean and Broomberg have actually done it.

Yet there is a lot of potentials to be capitalized on. Start out with a few places; one could take up cleaning of homes, commercial complexes, water tanks etc. Develop a mechanized system for each process and train your personnel well. As there’s always a requirement of such labor especially in the urban houses and offices, so if you perform well, definitely more offers will pour in.

You can also pitch for places like hospitals, temples, and shrines, apartment complexes, hotels, museums and galleries, educational institutions, restaurants etc., which assigns work contracts to professional cleaners.

PRO TIP : While time is of the essence when working in each location, it’d be useful if “clean like it’s your own” rule is followed. Any damage or a messy work will only result in bad customer relations which will eventually affect the business.

Related : How to Start Cleaning Business

#4. Catering

• Investment: 3-5 lakhs
• ROI period : 6-8 months

In India, be it any occasion, the food has to be amazing. An event with good food and wonderful service will always be remembered warmly but bad catering can ruin the grandest of events. In this business, one can start small industry with rented equipment and on-site cooking.

This will keep the investments low and with a few stints, you’ll have enough returns to slowly expand and settle.

Also, while a passion for cooking is important, it’s essential to have a proper plan in place to take this business forward.

The idea is to provide a great culinary experience while keeping your operational costs minimal.

PRO TIP : Train your employees well, especially when it comes to interacting with the guests and providing service. A bad review from a guest can really hamper potential opportunities.

Related :  How to Start a Catering Business

#5. Delivery services  

• Investment : 1-2 lakhs
• ROI period : 3 months

When thinking of delivery, usually it’s food delivery that comes to mind. But one can start this service by delivering absolutely anything to customers, be it food from a restaurant, products from the supermarket, flowers, and gifts from the store, picking up and delivering their dry-cleaning etc.

FedEx, a popular logistics service provider has already been offering dedicated express delivery services across India, which is on a larger scale though. Your investment will mostly go into organizing the delivery chain.

And since there’s no manufacturing of any kind from your side, you just need to tie up with the local stores and make sure to plan your delivery system well.Of course, some places may already have their own delivery systems in place.

However, if you have a wider delivery radius, then through you more customers can reach out to these places, which may have only a limited delivery range.

PRO TIP : Immediate wish fulfillment is difficult to ignore. Although you might charge slightly higher prices than other delivery services, pitch your business as one which can help immediately  fulfill your customers’ needs. Make that your USP and maintain it.

Related :  How To Start A Small Delivery Service Business

#6. Travel-holiday Planner

• Investment : 3-5 lakhs

People today are willing to spend more and more on traveling and the travel business is definitely booming. As a holiday planner, you’ll have to research, plan and book a travel according to your customer’s needs.

You can plan good standard tour plans but sometimes a travel plan needs to be custom made to fulfill needs of the customer. Thinking out of the box and some meticulous research can help you plan an amazing travel for your customer.

Initially, you can start at home, working via the phone and the internet and creating a tour plan for your customer.You can also take up planning trips for educational organizations and offices, as bulk booking will help in getting better deals and may also help increase profit margins

PRO TIP : There are niche slots even within the holiday planning industry, from holidays aimed solely for kids, weekend getaways, family holidays, for newly-weds, for students, for those seeking adventure and exploration, educational or cultural tours, religious excursions, for senior citizens etc. You can specialize in certain type of holidays and become successful in the same.

Also Check:  10 Best Must Have Apps For Travellers in 2018

#7. Online Store

• Investment : 1-3 lakhs

Create your store physically and/or electronically and sell whatever you wish to! From lovely pieces of art, handmade gifts for various occasions, designer home decor objects, clothes, jewelry, to home-made cookies, chocolates, pickles, and sauces, you can sell it all.

All you need to do is open up your own website or enroll via an e-commerce portal and set up your store.

And you are ready to start selling anything you wish to (it has to be legal of course!). One can also take up requests and sell custom made items to their customers.

Handmade products are precious because they’re often one of a kind. Create and advertise your products in innovative ways.

PRO TIP : When sending out your products for deliveries, ensure that attention has been given to both the packaging and branding of your product. Also, another great way to grab attention on portals is to upload good hi-res photographs of the products with well-detailed descriptions. Use everything from word-of-mouth to the social media to spread your name.

#8. Spa Service

• Investment : 8-10 lakhs
• ROI period : 10-15 months

When people constantly battle with stress and exhaustion in their daily lives, places where they can experience mental and physical relaxation become immensely important. This is where spaces like spa and related natural therapy centers come in.

In India, the spa culture is on a rise. Common spa treatments include body treatments, facials, massages, aromatherapy, hair removal, hydrotherapy, manicures, and pedicures etc. Massages range from Ayurvedic to exotic massages done with herbal and aromatic oils.

Your investments will depend on the services you offer, the quality and price of products and equipment, personnel hired etc.

It is important that you have detailed plans in place for daily operations and each spa process.

Develop a brochure of services and products so that each service can be easily understood and selected by the customer.

Also, while investing in the services it is important to ensure that the spa has a good, peaceful environment and ambiance.

PRO TIP :  Initially, you can attract customers by providing discounted package deals or a free sample of an oil or any other spa product. There are various spa models ranging from destination resorts to day spas and medi-spa( a medical spa); one can also establish their expertise in any specific type and capitalize on that.

Related :  How to Start a Spa Business

# 9. Complete Home Maintance Solution

• Investment : 2 lakhs
• ROI period : 3-4 months

From individual house-owners to managers of apartment or condo complexes and small retail and commercial outlets, all require maintenance and repair services for their property. Companies that provide these services generally charge an annual fee and the customer can contact them whenever required without any hassle.

One can start by providing various services such as that of electrician, plumber, cleaner , pest control, water purifier maintenance, carpenter, mobile repair , computer/laptop repair etc. The idea is that all these services are just a phone call away, that your business is the one-stop solution for all of your customer’s maintenance needs. You can start the business from your home with just a phone, a computer, and the internet. Necessary tools and a vehicle to make house-calls might need some investment.

Additionally, it’ll be necessary to have good organizational and logistic sense to schedule jobs from day to day, especially when you’re starting by yourself and have no one to assist you with such tasks. This skill will then come handy when you expand your work and organization.

PRO TIP : Along with a good skill, you’ll need people who can communicate well with the customers as the business will rely heavily on overall customer satisfaction.

Related :  How to Start Complete Home Maintenance Solution Business

#10. Dog Breeder

• Investment : 10 lakhs
• ROI period : 12-15 months

This is the Best business for those who love the little canines and want to make some amazing profits at the same time. A good dog breeder with quality breeds can earn quite a neat amount of profit in this business.

Once you get some good breeds of dogs, you can then start breeding them further and then sell their pups through advertisements, via online portals and word of mouth to make a handsome profit for years to come.

You can also participate with your pawed babies in dog shows and similar contests to catch the eye of potential customers. Rs. 10 lakh investment is a sufficient amount to get few good breeds and start the process.

The investment will also go into infrastructures like access to a large farmhouse where you can house these dogs comfortably, their nourishment and upkeep of general health and hygiene.

PRO TIP : You can slowly expand your business by entering into the pet-care industry and starting salons, day crèches and vacation boarding for pets.

Related : How to Start a Fitness Center Business

#11. Fitness Center

• Investment : 6-10 lakhs
• ROI period : 8-12 months

It has become a need of the hour to keep people fit and in good health, along with having a great physique. People are willing to spend a good amount of money too for this much-wanted fitness. Starting a fitness centre has thus become a profitable business with high assured returns.

A fitness center requires weightlifting and cardio equipment with good trainers and managers to oversee daily functioning. One should do a proper research about the target population, local competition, market demand, and supply etc.

It is also important to promote your business, be it through printed flyers, advertisements or via the online route. You can put in attractive offers and services like diet consultations to bring in more people and increase your enrolment numbers.

PRO TIP: Other forms of workouts like aerobics, Zumba, martial arts as well as classes for power yoga, pregnancy exercises are also being offered to customers keeping in mind their various needs. Running social media page and YouTube channel to attract more clients can work wonders.

Also read  : 15 Best Business Ideas under 30 Lakhs in India That Will Work!

#12. Music and Dance Classes

• Investment : Rs 3-6 lakhs

These are the activities nearly every child and adult enjoys. If you are a skilled musician or dancer, opening a dance or music academy can be agood shot for you. With a minimal investment, you can buy or rent a space and create a small studio for people to come and learn these arts.

Of course, you can also hire some trained faculty if you are not a pro but still wish to go ahead with the idea. Have classes for classical and western as well as modern forms of dance, vocals, and music.

You’ll need good managerial skills to run the place and schedule different classes for different target age groups.

Have evening or weekend classes for those who are busy with work on weekdays. Promote your business at schools, community centers, online and through word of mouth via your students.

PRO TIP : A cultural evening can be organized to showcase to the local community what the members have learned and to promote your own business. Launch new classes and batches, especially during vacations, as part of summer camp and similar initiatives to get more enrollments.

Related : How to Start a Music and Dance Class Business

#13. Growing exotic and plants

• Investment : 2-4 lakhs
• ROI period : 5-8 months

From small backyard gardens in households to towering bamboos in office receptions, plants add a much-desired splash of nature to our daily lives in the concrete jungles. If you enjoy gardening, possess the requisite know-how and understand their importance, then maybe cultivating and selling them might be a wonderful and rewarding venture for you.

You can start your own home garden in your backyard where you can grow different flowering plants, shrubs, and herbs. Slowly, you can expand to cultivating exotic plants like flowering cacti, bamboo, bonsai etc. which can be sold not just as plants but also indoor decor items for both home and commercial spaces. Some inspiration for the same can be drawn from Exotic Flora .

You can also grow vegetables and fruits organically, which will fetch a higher price as people will find the idea of eating organic and freshly harvested vegetables quite attractive.

Your investment will go into setting up your gardening space and the seeds and equipment required for the same.

PRO TIP :  Alongside working locally in your area, open an online store. This will not only bring more customers beyond your region but also spread the word of your business. You can also take custom orders for certain exotic plants and additionally, work as a consultant to help others create their own unique garden.

Related :  How to Start an Exotic Herbs and Plants Growing Business 

#14. Online Advertisements

• ROI period : 10-12 months

The internet is a booming market in India. The online advertising market brings in revenue of Rs.600 crores, which is only about 3% to 4% of the total advertising market. The business of online advertisement brings together those with advertising space on the web and those who need this space.

This business requires you to have a good understanding of the concepts of online advertising, the internet and have sharp analytical and networking skills. While these skills can be developed, few courses are also available in various marketing institutes that can help you prepare for this.

Also, as a business which can also be done from home, it’s an excellent freelancing option for those who’d prefer to work from home.

PRO TIP : It’d be good to make a directory of all the potential websites by categories and target viewers and then access owners of these sites to get the right kind of ad space for your client depending upon their needs and target group. This will also help maximize the ad’s reach and impact on the target.

#15. Water Purification Unit

• Investment : 4-6 lakhs
• ROI period : 7 months

The aim of this business is to ensure that clean, potable water is available to all. A business like this is actually of immense importance and quite profitable.

While there are people who still make do with boiling water or otherwise install RO filters to obtain drinkable water, many still do not have access to hygienic drinkable water.

In this business, you have to invest in setting up a water purification unit and packaging and delivery of the product.

Purified water is packaged into huge sealed bottles of minimum 20l and distributed to homes, offices, organizations like hospitals, museums, schools, convention centres etc.

PRO TIP : You can get certification for your business to ensure the water purity and attract more clients. Also, there are four verticals to the distribution: residential, commercial, industrial or government set ups. You can start with one and slowly expand to others.

Related :  Tips to Kick start Your Water Purification Business 

Of course, as with setting up of all businesses, one needs to do a fair amount of research and study the market and the target groups before developing a sound business plan.

Relevant managerial and administration systems will then need to be set up in place according to the business plan to ensure the smooth running of the same.

All the legal documents and papers for setting up a business should also be looked into and filed properly with the respective authorities.  And while a capital of Rs 10 lakh is not a vast amount, one needs to be careful in investing their money into an idea.

There’s a wide range of ideas just waiting for the right person to put their efforts to turn them into the best business in under Rs. 10 lakhs. And surely, there are much more other brilliant ideas out there.

So, what are you waiting for?

Go, brainstorm on your business idea, you could be the next big emerging star in this new age of entrepreneurship.

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NFO alert: Ageas Federal Life Insurance floats Golden Years Pension Plan with Bluechip Pension Fund. Should you invest?

The bluechip pension fund is a new fund offering that would be launched with a limited time offer of flat nav of rs 10 per unit. it invests in equities, reverse repos treasury bills and mutual funds amongst others..

• Updated Jul 05, 2024, 2:36 PM IST

Private life insurer Ageas Federal Life Insurance has come up with Ageas Federal Life Insurance Golden Years Pension Plan with Bluechip Pension Fund. The plan will offer a comprehensive solution to secure the financial futures of policyholders. 

The Ageas Federal Life Insurance Golden Years Pension Plan is a Unit Linked, Non-Participating, Individual Pension Plan designed for retirement security. 

The plan offers two first-of-its-kind features: the Early Investment Booster, which provides additional allocations to encourage early retirement planning for those aged 18-35. 

The Golden Waiver of Premium, which helps in retirement corpus accumulation for policyholders' loved ones even after their demise. It allows entry ages of 18-70 years for the Classic Option and up to 60 years for the Golden Waiver of Premium Option.

The Bluechip Pension Fund invests in listed equities and aims to generate high returns by investing in established and emerging bluechip stocks that have a good track record. The Fund aims to diversify risk by investing in stocks across multiple sectors and making it an excellent choice for a secure and prosperous retirement.

Other highlights

> Flexibility to choose premium payment option

> Guaranteed Loyalty Booster to boost investment

> Limited Time Offer: Flat NAV of Rs 10 per unit on Bluechip Pension Fund

“The Golden Years Pension Plan has been crafted to cater to the unique retirement needs of our Indian customers. This plan embodies innovation and a futuristic outlook with features like the Early Investment Booster and the Golden Waiver of Premium options. We believe this plan will set a new benchmark in retirement planning and provide peace of mind to countless families across the country, " Khushali Girish, Deputy Vice President & Head of Products at Ageas Federal Life Insurance. 

"The Ageas Federal Life Insurance Golden Years Pension Plan also offers a Guaranteed Loyalty Booster which is added annually with timely premium payments and an active policy status. To add, the Premium Allocation charges are returned, enhancing the value of the plan. In case of the policyholder's death, beneficiaries receive 105% of total premiums paid, and future premiums are waived under the Golden Waiver of Premium Option," Girish added. 

The Bluechip Pension Fund is a new fund offering that would be launched with a limited time offer of flat NAV of Rs 10 per unit. It invests in equities, reverse repos treasury bills and mutual funds amongst others. The fund based on market outlook, aims for steady returns through active management, diversification, and a blend of growth and value investing.

With this new offering, Ageas Federal Life Insurance will provide robust financial solutions for a secure and fun retirement. Designed to transform retirement into a chapter of freedom and fun these plans help policyholders seize every moment of their golden years with confidence, promising a brighter and more secure future.

Last month, Ageas Federal Life Insurance announced a whopping total bonus of Rs 134.44 crore during the annual valuations for the financial year 2023-24. This marks the 10th consecutive year of bonus declarations by the company. It reflects 53% increase compared to the previous financial year’s total bonus of Rs 87.86 crore.

Of the total bonus, Rs 25.88 crore will be distributed to eligible policyholders as cash bonuses and maturity bonuses, with the remaining amount to be paid upon policy maturity, surrender, or early death in FY23-24.

Policyholders with traditional participating (with-profit) policies are eligible to receive this bonus, which is derived from the surplus generated under the participating (with-profits) funds.

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25 Best Zero investment business ideas in india 2024

Explore 25 Best Zero Investment Business Ideas in India and Start Your Entrepreneurial Journey Today!

Table of Contents

Introduction.

In today’s fast-paced and ever-changing business environment, not everyone has the privilege of having substantial capital to kickstart their entrepreneurial dreams. The good news, however, is that you don’t always need a hefty investment to venture into the world of business. Believe it or not, India, a land teeming with opportunities, is a hotspot for groundbreaking zero investment business ideas in 2024. Whether you’re a stay-at-home parent seeking financial independence, a student looking to explore your entrepreneurial side, or simply someone eager to diversify their income streams, there’s a world of zero investment business ideas awaiting your discovery.

In this insightful blog, we’ll embark on a journey to unravel 25 of the most promising zero investment business ideas tailored for the Indian landscape in 2024. These ideas are not just pathways to financial independence; they’re the gateways to innovation, creativity, and self-expression. So, whether you’re tech-savvy, artistically inclined, or simply passionate about a particular niche, it’s time to explore the boundless opportunities that the world of zero investment businesses has in store for you. Let’s dive in and discover the entrepreneurial potential that awaits in the vibrant and ever-evolving landscape of India.

What are Zero Investment Business Ideas in India?

Zero investment business ideas, also known as zero capital or 0 investment businesses, allow aspiring entrepreneurs to kickstart their entrepreneurial journey without the need for significant financial resources. These ideas rely on creativity, skills, and strategic planning rather than upfront capital. In India, with its vast and diverse consumer base, there’s ample room for such businesses to thrive.

25 Best Zero Investment Business Ideas

Here are the 25 best zero investment business ideas that will help you embark on your entrepreneurial journey without the burden of initial financial investment. Explore these creative and profitable opportunities to start and grow your business

1. Print-on-Demand

Create custom-designed products like T-shirts, mugs, and phone cases and sell them on platforms like BlinkStore (more on this later).

2. Freelancing

Kickstart your zero investment business by offering your writing, graphic design, or digital marketing services online. You can tap into the vast market of clients seeking skilled freelancers in India.

3. Content Creation

Launch your own YouTube channel, or podcast with zero investment and monetize your content through ads, affiliate marketing, and sponsorships in India.

4. Affiliate Marketing

In the world of 0 investment business ideas, affiliate marketing stands out as a way to earn commissions by promoting products or services without any upfront financial commitment.

5. Online Tutoring

Share your knowledge through online tutoring in India, providing valuable educational services with zero investment

6. Dropshipping

Start your e-commerce journey in India without investing in inventory by becoming a zero investment drop shipper, connecting customers with products directly from suppliers.

7. Social Media Management

Help businesses enhance their online presence with your expertise in social media management, offering zero investment business solutions for boosting brand visibility in India.

8. Virtual Assistant

Provide remote administrative support to businesses and entrepreneurs, establishing your 0 investment business in India as a reliable virtual assistant.

9. Content Writing

Offer zero investment business solutions to websites and blogs in India by providing high-quality content writing services tailored to their needs.

10. Digital Marketing Services

Specialize in SEO, pay-per-click advertising, or social media marketing to offer business ideas with zero investment for clients looking to expand their online reach in India.

11. Handmade Crafts

Showcase your creativity by crafting and selling handmade jewelry, candles, and more, building a zero investment business around your passion in India.

12. Event Planning

Put your organizational skills to work by starting an 0 investment business in event planning, creating memorable experiences for clients throughout India.

13. Blogging

Monetize your blog in India by implementing zero investment business strategies such as affiliate marketing, sponsored posts, and digital product sales.

14. Online Surveys and Market Research

Participate in online surveys and market research studies to earn money or rewards in India with zero investment.

15. Ebook Publishing

Publish and sell ebooks on platforms like Amazon Kindle Direct Publishing, a zero investment business with the potential for passive income in India.

16. Podcast Hosting

Launch your own podcast in India on topics you’re passionate about and monetize through sponsorships and listener support, a creative 0 investment business.

17. Cooking or Baking Classes

Share your culinary expertise with online cooking or baking classes, turning your passion into a zero investment business in India.

18. Dropshipping

Dive into the world of 0 investment business by setting up an online store in India and partnering with suppliers to fulfill orders.

19. Photography

If you have photography skills, offer portrait sessions, event photography, or sell your photos online.

20. Online Fitness Coaching

Become a certified fitness coach and provide personalized fitness plans and guidance online. Help clients achieve their health and wellness goals from the comfort of their homes, offering a convenient and effective way to stay fit.

21. Consulting

Share your expertise in a specific field, such as business, finance, or career, by offering consulting services.

22. Pet Sitting or Dog Walking

Start a pet care service, offering pet sitting and dog walking to pet owners in your local area. Provide convenience and peace of mind to busy pet parents while enjoying quality time with furry companions.

23. Home-based Catering

Launch a small-scale catering business from your home, specializing in unique cuisine or catering to specific dietary preferences. Offer customized menus for special occasions, bringing delectable flavors to events.

24. Freelance Illustration or Design

Utilize your artistic talents as a freelance illustrator or graphic designer. Worked on creative projects, from designing logos and graphics to illustrating children’s books, while collaborating with clients worldwide.

25. Online Reselling

Turn clutter into cash by reselling second-hand or vintage items online. Use platforms like eBay or Olx to reach a broader audience, recycling pre-loved items and making a profit.

These ideas cover a wide range of skills and interests, offering diverse opportunities for aspiring entrepreneurs to explore in India without the need for significant initial investments.

How to Start a Business Without Investment?

Starting a zero-investment business in India requires planning and dedication. Here are the essential steps to get you started:

• Identify Your Niche : Choose a business idea that aligns with your skills, interests, and target audience.
• Create a Business Plan : Outline your business goals, strategies, and marketing plans.
• Build an Online Presence : Create a website or use social media to establish your brand and reach potential customers.
• Market Your Business : Utilize free or low-cost marketing methods like social media, content marketing, and email marketing.
• Provide Exceptional Service : Deliver high-quality products or services to build a positive reputation and customer loyalty.
• Scale Your Business : As your business grows, reinvest profits to expand and offer more value to your customers.

Benefits of Zero Investment Business

Zero investment businesses offer several advantages:

• Low Financial Risk : You can start without a significant financial commitment, reducing the risk of financial loss.
• Flexibility : These businesses often allow you to set your schedule and work from home.
• Skill Enhancement : You can develop and sharpen valuable skills in marketing, communication, and entrepreneurship.
• Income Diversification : You can diversify your income sources, reducing reliance on a single job.
• Scalability : Some zero investment business ideas can be scaled up over time as your revenue grows.

Start Your Zero Investment Business with BlinkStore

Blinkstore is a pioneering ecommerce platform in India that simplifies the process of starting a zero investment business. Whether you want to try your hand at print-on-demand or sell custom-designed products, Blinkstore offers an easy-to-use platform for aspiring entrepreneurs. Here’s what sets Blinkstore apart:

• User-Friendly Interface : You don’t need technical expertise to set up your personalized web store on Blinkstore .
• Wide Product Range : You can bring your unique designs to life on over 50 different products, from T-shirts to phone cases.
• Inventory Management : Blinkstore handles everything, from printing your designs to delivering products directly to your customers’ doorsteps.
• Comprehensive Guide : For those new to print-on-demand, Blinkstore provides a detailed guide on “ How to Start a Print-on-Demand Business With Blinkstore. “

With Blinkstore , creativity meets convenience, making it the ultimate choice for aspiring online sellers in India.

Steps to Start Your Zero Investment Business with Blinkstore

• Sign Up : Visit the Blinkstore website and sign up for an account.
• Design Your Products : Create or upload your unique designs for the products you want to sell.
• Set Your Prices : Determine the pricing for your products, keeping in mind your profit margins.
• Publish Your Store : Once you’re satisfied with your store’s appearance and product listings, publish it.
• Promote Your Products : Use social media, online marketing, and networking to promote your products and attract customers.
• Monitor and Adjust : Keep an eye on your sales and customer feedback, and make adjustments as needed to improve your business

If you are looking for ways to promote your business online, don’t worry – we’ve got you covered. You can refer to our blog titled ‘ Best Ways to Promote Your Business Online in 2024 ‘ to learn more about effectively marketing your business and products online.

In conclusion, the landscape of zero investment business ideas in India for 2024 offers a wealth of opportunities for individuals from all walks of life. The essence of these businesses lies in their ability to empower aspiring entrepreneurs with limited financial resources. Whether you’re tech-savvy, creative, or passionate about a particular field, there’s a niche waiting for you to explore.

The key to success in the world of zero investment businesses lies in your ability to match your skills and interests with the right idea. It’s not just about making money; it’s about pursuing your passion and creating value for others in the process.

Moreover, platforms like Blinkstore exemplify the accessibility and convenience of starting your zero investment business. With Blinkstore, you can bring your creative visions to life and reach a broad audience without the need for extensive capital or technical expertise.

So, as you contemplate which zero investment business idea resonates with you the most, remember that your journey as an entrepreneur is a reflection of your skills, interests, and unwavering determination to succeed. In 2024, seize the opportunity to turn your entrepreneurial dreams into a reality and embark on a path that offers both financial rewards and personal fulfillment. Your journey begins now!

What exactly is a zero investment business?

A zero investment business, also known as a zero capital or 0 investment business, refers to a business venture that can be started and operated without a significant initial financial investment. These businesses often rely on creativity, skills, and strategic planning rather than requiring substantial upfront capital.

Are zero investment businesses profitable?

Yes, many zero investment businesses can be highly profitable. However, success depends on factors like your dedication, marketing efforts, and the quality of the products or services you offer. It’s essential to choose a business idea that aligns with your skills and interests to maximize your chances of profitability.

Can I start a zero investment business part-time?

Absolutely! Many zero investment businesses can be launched and managed on a part-time basis, making them ideal for individuals with other commitments such as full-time jobs or studies. As your business grows, you can consider transitioning to full-time entrepreneurship if desired.

How can I promote my zero investment business?

Promoting your zero investment business can be done through various channels, including social media marketing, content marketing, email marketing, networking, and word-of-mouth referrals. It’s essential to create a solid marketing plan tailored to your specific business and target audience.

Are these business ideas suitable for beginners?

Yes, the zero-investment business ideas presented in this blog are suitable for beginners. They are designed to be accessible and offer a low-risk entry into entrepreneurship. Starting with a business idea that aligns with your interests and skills can make the learning curve more manageable.

How can I choose the best zero investment business idea for me?

Selecting the right zero-investment business idea for you involves considering your skills, interests, and market demand. It’s essential to research each idea thoroughly, evaluate your own strengths, and identify which idea aligns best with your goals and resources.

Is technical expertise required to use Blinkstore?

No, you do not need advanced technical skills to use Blinkstore. The platform is designed to be user-friendly, with an intuitive interface that simplifies the process of setting up your online store and designing products. Even if you lack technical expertise, you can easily navigate and use Blinkstore to bring your creative ideas to life.

What types of products can I sell on Blinkstore?

Blinkstore offers a diverse range of over 50 different products that you can customize with your designs. These products include apparel (T-shirts, hoodies, etc.), accessories (phone cases, tote bags, etc.), home decor items, and more. This variety allows you to cater to a wide audience and expand your product offerings as your business grows.

Is Blinkstore suitable for both individuals and businesses?

Yes, Blinkstore caters to a wide range of users, including individuals looking to start their own online businesses and established businesses seeking to expand their product offerings. It provides a flexible platform for both newcomers and experienced entrepreneurs.

What marketing strategies can I use to promote my zero investment business in India?

Promoting your zero investment business in India can be done through various marketing strategies, including social media marketing, content marketing, email marketing, search engine optimization (SEO), and influencer partnerships. The choice of marketing channels should align with your target audience and business niche.

What types of designs can I use on Blinkstore products?

Blinkstore allows you to use a wide range of designs, including your original artwork, illustrations, graphics, photographs, and text-based designs. You have the creative freedom to bring your unique ideas to life on their products.

Can I scale a zero investment business?

Yes, many zero investment businesses can be scaled up over time as you gain more customers and generate revenue. Reinvesting profits and expanding your offerings are common strategies for growth.

How To Build A Rs 100 Crore Portfolio In 20 Years

It is everyone’s dream to become financially independent and build a sizeable corpus that will help them to retire peacefully without having to worry about money. I’m sure you also want the same.

If you are wondering how, you will be surprised if I told you that it is indeed possible to build a portfolio of not just Rs 1 crore but Rs 100 crores!

Though it sounds very surprising it is indeed possible. Let me tell you how to do it.

All you have to do is follow a very simple rule:

“Slow and steady wins the race.”

You can indeed build a large portfolio if you invest in a disciplined way and stay invested for a long time. Time has the capability to work like magic on financial investments. If you are patient and give your portfolio enough time, then time itself will create the purpose that you are looking for.

The Index Long Term Strategy that we have developed has given an incredible return of 18 – 20% per annum in the recent past. So let us take a reasonable return of 15% to understand how you can create a portfolio of Rs 100 crores.

But first, let us understand in how many years your money can be doubled if you can return at the rate of 15% per annum.

There is a simple rule called the Rule of 72 which makes this calculation really easy. It says that the number of years that your money will take to double itself is equal to (72 / rate of return earned).

According to this, if you are getting a return of 15% then your money will be doubled in approximately (72 / 15) years = 4.8 years, i.e., ~ 5 years.

So now let us come back to our discussion of how we can build a portfolio of 100 crores in 20 years.

Let us do some back calculation

• Since money is getting doubled in approximately 5 years, if we can accumulate Rs 50 crores within 15 years then and it can double to Rs 100 crores within 20 years.
• By the same logic if we can accumulate Rs 25 crores within 10 years then it can double up to Rs 50 crores within 15 years and again double up to 100 crores within 20 years.
• If you can gather Rs 12.5 crores in 5 years then it will double to Rs 25 crores in 10 years, Rs 50 crores in 15 years, and Rs 100 crores in 20 years.
• Today we can start investing with 6.25 crores, then it will grow up to 12.5 crores, 25 crores, 50 crores, and 100 crores in 5, 10, 15 and 20 years, respectively.

However, all this will be possible if three conditions are met:

• 15% return should be generated continuously in the long term.
• You must hold on to the portfolio patiently for 20 years.
• You need to have a cash/portfolio of 6.25 crores to invest now.

What if you do not have 6.25 crores?

This is where the Index Long Term Strategy can help you. This is a beautiful strategy designed to help you to achieve your financial goals and be independent. We have created flexible payment schemes which are designed to help you to invest in a staggered way.

Imagine what happens when you buy property. Hardly anyone buys property by making a full down payment. They invest a part of the property value and take a loan for the rest. They know how much EMI they have to pay and all they have to do is to ensure that the EMI payment is made on time every month.

How much to invest?

In index long-term strategy we have developed a few payment plans which you can go for.

Plan 1: Basic Plan

Plan 2: Power Booster Plan

If you already have a portfolio of bonds, equities or mutual funds of Rs.1.80 crores with you then you can go for this plan. You can provide this portfolio as collateral.

Yearly edition: every year you will have to add Rs 60 lakhs by cheque.

Therefore, if you have the capacity to invest Rs 50 – 60 lakhs every year, you can easily make a portfolio of Rs 6 crores.

The Index Long Term Strategy will ensure that your money grows steadily, and your portfolio also remains protected with the help of various hedging strategies.

Can you invest in ILTS if you have a smaller investment goal?

It is definitely possible. In that case, your yearly investment amounts will also be much lower.

For example, instead of Rs 100 crores if you are targeting only Rs 10 crores, then you will have to provide a cheque or portfolio worth Rs 18 lakhs now and then invest Rs 6 lakhs annually.

If this amount steadily grows by 15% per annum, then it will keep doubling every 5 years and become a portfolio of 10 crores within 20 years.

This entire thing is possible because of the magic of the compounding of money that will happen for 20 years.

In the first part of this article, we had discussed how it is possible build a Rs 100 crore portfolio in 20 years with the Index Long Term Strategy that has been developed by Finideas.

How long will you have to invest in ILTS

A big question that most of our customers ask us when we tell them about the Index Long Term Strategy is for how many years, they will have to keep investing in order to build a portfolio of 100 crores. Here we will try to answer this question.

We understand that the future is uncertain and while you can invest Rs 50 to 60 lacs today, it may not be possible to do it every year in the future. No one can say for sure what their financial position will be in the coming years.

Before we get to that let us understand another point.

Will Your Yearly Investment Amount Increase?

As you can see in both the Basic and Power Booster plans, we have said that you will have to invest 10% of your corpus every year. In that case will you have to invest more than what we have told you?

The answer is that yes, your payments will be more. But this enhanced amount will be funded from the profits that you earn from the portfolio in the scenario that the markets go up.

For example, consider the following situation:

• You had invested Rs 6 crores initially and now the portfolio value has gone to 10 crores.
• Therefore, you now have a profit of Rs 4 crores in your portfolio.
• The early payment will now be 10% of Rs 10 crores. But you can easily pay it from the profit of Rs 4 crores you earned. Hence, you will not have to pay it from your own pocket.

Cash Flow From Power Booster Plan

The problem with any investment happens when the market remains stagnant, i.e. If the nifty does not move much from its current levels. In that case how much will you have to pay and for how long?

To understand this, we did a back testing of our portfolio based on the following parameters.

• Exposure taken: 1,00,00,000
• Initial investment: 10%, i.e., Rs 10 lakhs
• Start year: 31/12/ 2002

The complete calculation of the cash flows generated from this investment is as follows:

• The first column in this table shows the last day of the financial year.
• The second column shows the level of Nifty on that day.
• The third column shows you that if you had invested the entire amount in nifty index fund without any protection, then your investment of Rs 1 crore would have become Rs 16 crores.
• The fourth column shows that if you would have invested the Rs 1 crore in the relax plan in the Index Long Term Strategy it would have become almost Rs 28 crores.

Hence this is much more beneficial then investing in the Nifty index fund as you will not have the risk of more than 3-4 % in any year in ILTS. Hence you can earn larger returns in the long term at a much lower risk.

• The fifth and sixth columns show what would have happened if instead of keeping Rs 1 crore in the Relax Plan, you would have chosen to invest:
• Rs 10 lacs in the Power Booster Plan of the Index Long Term Strategy and had also kept your portfolio as collateral.
• Your spouse invests Rs 90 lakhs in debt

Ideally the combined returns from this portfolio of 1 crore should be comparable to the returns from the relax plan of the Index Long Term Strategy.

As we all know the returns from the debt products is fixed. Hence you can see in the sixth column how the value of this investment would have grown at a fixed rate every year. Rs 90 lacs will grow to Rs 4.62 crores within 19 years.

You had also taken an exposure of Rs 1 crore by investing Rs 10 lacs in the Index Long Term Strategy. From the fifth column you can see that this amount has grown to Rs 23 crores in 19 years.

Hence your total investment has grown to you around 28 grows in 19 years.

The only problem that can happen in this scenario is if the market remains stagnant or falls. In that case you will lose your entire investment of Rs 10 lacs in the Index Long Term Strategy since you have paid this amount as a margin for taking an exposure of Rs 1 Crore. You need to understand this risk very clearly before investing in the index long-term strategy.

For How Long Will You Have To Pay The Installments Per Year?

As we mentioned earlier, if you invest and then market goes up then your next installment will be  funded from the profits that you will be earning from the investment.

The problem will happen if you invest in the market remain stagnant or falls after that. In that case you will have to pay the next installment from your pocket.

Here is what happened for people who have invested since 2002.

The cells marked in green are the years when the markets did not show a positive movement. As a result, the investors had to bring in fresh funds to pay for the maintenance charges.

For example, the markets remained stagnant in 2015 and 2016. So those who invested in 2014 had to bring in fresh funds to pay for the maintenance charges. However, those who invested in 2002, 2004, etc., paid only their initial funds and their after they did not have to pay anything further.

Hence the simple answer to this question is that like everything else in case of investments, the installment that you will have to pay for ILTS is also market linked. You should enter the Power Booster Plan only if you can pay the installments for the next five years.

In conclusion it can be said that the secret to behind the success in Index Long Term Strategy is patience. Give your investments enough time to grow, remain invested patiently and you will surely be able to build a portfolio of Rs 100 crores in 20 years.

Happy Investing!

This article is for education purpose only. Kindly consult with your financial advisor before doing any kind of investment.

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30 best business ideas with 5 lakhs investment (2024).

Do you wish to start a business but are concerned about the funds? You always need a business idea and investment to start a business. Various people come up with a lot of plans, but usually, they lack capital. This is the main reason why people fail to establish their own businesses. What if you get to know about some of the best business ideas with 5 lakhs investment?

We are living in an era where inflation is outpacing income rapidly. The prices of everything have increased, such as housing, food, healthcare, education, and many other things. In such a scenario, people with regular or fixed income to are facing problems in running the household.

Hence, to overcome this problem, they can start their small or home-based business as a side income or just focus on it and earn good money.

30 Best Business Ideas that you can start under 5 Lakhs

Requirements to start a business

It is substantial to understand that setting up a business is always easier said than done as it requires a lot of planning, study, and hard work. Here are some of the requirements for starting your own venture:

• Adequate money to start the business
• Skills required in the particular sector
• Interest in proving your product or service
• Perseverance to face all the odds till you start earning profit from the business
• Proper licensing from government authorities

Together with excellent planning, all these things can lead to a successful business online, from home, or with a proper structure as per your venture.

30 Best Business Ideas with 5 Lakhs Investment

If you do not have huge capital but want to start something of your own, don’t worry. You can do many businesses can by investing a small capital, but the returns are promising. Here are some of the best business ideas with 5 lakhs investment in India-

1. Franchise Stores

There might be a bunch of ideas coming to your mind, but opening a franchise store can be one of the best amongst them. There are a lot of advantages in opening a franchise store, such as:

• The significant advantage is that you would get a pre-sold customer base. This means that people who are already aware of the brand and using it will not have to worry much about marketing the brand.
• There are multiple franchises that can help you starting from pre-opening to complete operation.
• They also offer free training to the staff members and managerial support.
• Investment varies from franchise to franchise, but there are a lot of franchises that can be started under 5 lakhs.

2. Incense Sticks Manufacturing Business

Undoubtedly, India is a potential market for this business as incense sticks are used on various occasions.

The profit margins are relatively good; for example, if you manufacture 100kg of raw agarbatti in 10 hours with the help of one high-speed machine, you can earn Rs 12 per kg from it. You can start this business as it can be done within Rs.5 lakh easily because the machine costs from Rs 1 lakh to Rs 2Lakh.

3. Online Advertisements

With the increased usage of the internet, online business has seen an enormous boom. Every business wants to make their name and place online to increase the customer base and profit. You can take this advantage and earn money by going on an online adventure.

As per the reports, in the year 2019, the online advertisement business made a revenue of around Rs.600 crores, and now you also have a chance to be a part of it. You can start your service-based company with an investment of 1-3 lakhs.

But, you would need a strong command of online advertisements, knowledge of how social media works, networking skills, etc. You can earn a decent amount of money in this business if you manage to make your own clients and deliver what they ask for.

4. Disposable Paper Plate and Cup Manufacturing

If you have a great business plan, then manufacturing disposable paper plates and cups can be a profitable business idea  under 5 lakhs investment. The demand for these products has increased tremendously since the ban on plastic in India.

This can be the best time to enter this business as you would be able to get the advantage because of the high demand. Disposable cups and plates are used in almost all the functions such as birthdays, weddings, anniversaries, get together, corporate events, etc.

For starting this business, you would need capital to buy material, purchase machines, and for the workforce. You can do all this for under 5 lakh with one machine. As your business grows, you can expand your business by buying more machines.

5. Food Truck

This is a fancy way of opening a food outlet and is very much in trend these days. It would be best to buy an old automobile and start making and selling food on it. It can be a fantastic idea as people really like it because it is relatively hygienic to an open food stall.

The significant advantage of this business is that you can move your truck from one place to another as per your choice. You can go outside the university campus, corporate offices, tourist areas, or anywhere you think the footfall is high.

This can be one of the best business ideas with 5 lakhs investment as it is profitable, you need not pay any rent for the place and can work as per your convenience. You need to ensure quality and hygiene; if people love your taste and quality, you have a great scope in this business.

6. Pest Control Business

A couple of decades ago, this business was considered very basic and simple. But, in today’s time, it has changed completely and has become sophisticated, and requires a lot of equipment and pesticides which can effectively remove anything from mice, cockroaches, bed bugs to termites.

There are pests not only at homes but also at farms as well where they destroy the fruits and vegetables. Hence, people search for pest control services; you can start this business as it requires less investment. Initially, you would have to invest in small spray machines and chemical sprays; later, you can buy big machines as per your business requirements.

The potential customers in this business are hotels, restaurants, corporate offices, housing societies, etc . You can either approach them directly or use other market strategies to make people aware of your business.

7. Water Purification Units

It has become one of the most lucrative business ideas because of the low investment and high profits involved in this business. The primary motive behind this business is to provide clean and potable water to the customers. The investment would be required to set up the water purification plant plus packaging and delivery.

If you get certification for your business, it can help you gain more trust and confidence in your brand. As per the demand or area, you can choose your target market such as commercial setups, household, corporate offices, hotel industry, etc.

8. Mobile Accessories Business

Mobile phones have become an inevitable part of everyone’s life today. Investing in the mobile phone accessory business can be a profitable business idea under 5 lakhs investments. You can make a list of accessories that you would keep, such as phone covers, headphones, earphones, chargers, Bluetooth speakers, etc.

Once you decide on the products, you can plan if you wish to start the business online or offline. If you do it offline, choose a place for rent either in a marketplace or a kiosk in a mall. You can contact a local dealer to purchase the products so that you can get the products quickly.

You can attract more customers by giving great deals and discounts. Ensure that you do not sell low-quality products as that would lead to customer dissatisfaction.

Also Read: Schemes by the Ministry of Food Processing for NGO’s

9. Consulting Agency

There is a lot of scope in this business as these days people need professional advice before starting any business. It is an evergreen business idea as people always prefer taking advice from a consulting agency in various prospects.

This can be one of the best business ideas with 5 lakhs investment.  all you would need is to rent an office and hire a few employees. As a consulting agency, your role is to advise other people in an area of your specialty.

For example, if someone wants to become an engineer, they might ask you about its study, industry, job prospects, salary, and other such questions. You can provide consultation in any field such as education, business, career, personal development, etc .

10. Printing Business

As a startup business, it can be an excellent idea as it is in high demand. Many people need visiting cards to be printed, wedding cards, invitation cards, newspapers, etc . Furthermore, you can also start with flex printing or even xerox as well.

For starting this business, all you need is a printing machine and ink, which means it can be started with an investment of less than 5 lakhs. You might need some manpower as well to help you at work.

As work increases, you can take more machines and expand your business. The profit margin is outstanding in the printing business; all you need is marketing to get more and more clients to make more money.

11. Optical Frame Manufacturing

This business is flourishing in India for a couple of years as people not only wear shades because of the problem in eyesight, but it has also become a fashion trend now. The manufacturing process of the optical frames is very simple and straightforward.

The machinery costs around 3-4 lakh plus you would need space on rent where you can start the manufacturing and a few staff who can help you complete the process.

The raw material cost is meager as the plastic is cheap. All in all, the average price of one frame would cost around Rs.150 to Rs.200, including designing and labor charges. You can sell one frame at Rs.250 to Rs.300. It means that the profit margins are good in this business. So, this can be one of the best business ideas with 5 lakhs investment and all you would need is to maintain the frame’s quality so that its demand increases.

12. Catering

The demand for catering stays all year round as people need it for birthdays, marriages, anniversaries, weddings, and other special occasions . For starting this business, you would need kitchen equipment, a great chef, and a catering crew as well.

Serving quality food is really important in this business, and if you win the heart of people with your relishing food, then the market is all yours. Initially, you can start this business at a small level , and then you can expand as the demand or clients increase.

You can start it by taking a small room on rent or from your home and then gradually you can take it to a large scale business when required. Because of the low investment and great profit, it can be said to be the best business ideas with 5 lakhs investment.

13. Export Business

You can pick any product and export it from India to any part of the world where you have contacts. The government of India has made the export procedure pretty simple and straightforward by offering numerous incentive programs. This can be a profitable business as all you need is to buy products from a manufacturer and sell it in a different country.

You can commence export from agricultural products as they are available easily in bulk in India. This business can be easily started under 5 lakh as all you need is to procure products and send them.

A few things are required for starting this business, such as a registered company name, import-export code, and a current account in your company’s name.

14. Travel Agency

This business might sound exciting to people who love traveling or have good knowledge of various places in the world. This business is flourishing for a couple of years because numerous people have started traveling now, not just for business but also for vacation.

Various people do not prefer booking themselves but hire agencies who can make all the travel bookings. It is a straightforward and easy business; you do not require any special skills or experience to initiate it.

People would contact you via phone or visit your office to get the airplane, bus, or train booking. Once you know their traveling dates and other details, all you need to do is get the bookings done for them. You can also make the booking for hotels and taxis as well if the client wants.

All you would need for starting this business is an office space, printer, computer, and a few employees . You can surely begin this business under 5 lakh, and you can earn a decent amount of money every month.

Also Read: 30 Profit-Making Small Scale Manufacturing Business Ideas

15. Clothing Store

Clothes are not just a basic necessity of life but have become a fashion trend too. Clothing stores are high in demand these days; you can either open a store online or take a space for rent. 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 would be best if you made sure that the clothes that you buy should match with the demand of the people where you open the store as people have different choices some people like trendy clothes, a few like simple, while some like flashy, etc. so keep the requirements of your customer in mind to prevent the dead stock.

16. Delivery Services

You can start this business by just investing Rs.50, 000 to Rs. 1, 00, 000. Delivery services have become a part of life, and it is not just a constraint to food anymore but many other things such as groceries, gifts, flowers, and whatnot .

There is a massive demand for them today, and people outsource this from the other companies. You can either give delivery men to other companies for delivery services, or you can deliver their products and charge commission on that.

The growth prospects in this business are high because everything has become online these days, and people love getting things delivered to their homes as it saves their time and money. Hence, you can start with the delivery services business as it has high growth prospects and revenue.

17. Content Writing Agency

Because of the increase in India’s online business, quality content of highly in demand, you can take this advantage by opening your content writing agency to keep writers who are creative and possess a good command of the English language.

Content is not only required for the website but also online marketing as well. People want a distinctive type of content such as educational, technical, housing-related, e-books, and much more . You can hire writers from different academic backgrounds so that they can write in distinct areas.

For starting this business, you would require to get the firm registered and complete some basic formalities. Initially, you can keep five writers and then hire more as per the requirement and work. This is a profitable business as the investment is pretty less; hence, it can be the best business ideas with 5 lakh investment.

Sound interesting, isn’t it? Cafés have become very popular today as people love going there and spending time with their friends, family, colleagues or sometimes alone. Hence, you can open a small café, and you can effortlessly start it with 5 lakh investment.

Location is significant if you plan to open a café as you should open it either at a marketplace, near offices, or close to universities where students can spend time after college. You can sell tea, coffee, sandwiches, mocktails, etc., in your café.

Another vital thing to keep in mind is the environment, ambiance, and branding of your café. The interior of the café should be different and such that people get attracted towards it. Also, decorate it well so that people feel welcomed and want to visit it again and again.

19. Wedding Equipment Rental

Are you hearing about this business for the first time? Yes, this is a profitable business, and a lot of people are already into this business. You can earn a lot of money during the wedding season. In this business, you would need to buy wedding equipment and rent them to different event organizers.

You can purchase chairs, tables, lamps and lights, wires, artificial flowers, clothes for decoration, wire, etc. You can buy these materials in bulk at a lower price and give them on rent at a higher price. You can cover your cost in just a couple of weddings, and the rest is all your profit.

20. Spa Services

The spa is an excellent method to relax mentally and physically. In today’s time, people have become really busy with their tight work schedule, long traveling from work to home, balancing between work and family, etc. Because of all this stress, people these days love going to a spa as it makes them feel relaxed and at peace.

You can offer various services to your clients, such as full body massage, foot massage, head massage, facials, manicure, pedicure, hydrotherapy, aromatherapy, and much more .  It is one of the best business ideas with 5 lakhs investment as the demand for it is growing and the profits are also decent.

While opening the spa, you need to ensure that the location you choose should be good, and do not forget to create a peaceful environment and soothing ambiance for this small business.

21. Shoe Laundry Business

Have you heard about this business before? Various people are not aware of this business as this is a unique business, and there are very few people who offer these services. You can take the benefit and open a shoe laundry business that requires less investment, and its demand is growing because many shoes cannot be washed or repaired at home.

People are concerned about their hygiene and health; hence they want their shoes to get cleaned and repaired. There is a good scope for you in this business as people do not have enough time to do this, plus they are not aware of the right procedure.

To start this business, you would need a small shop on rent and equipment to clean the shoes plus manpower to help you do this. Ensure that you provide good services to your customers only then they would revisit your store.

22. Photography Business

People these days are going crazy for photography of their marriage, kids, pre-wedding, pregnancy shoot, birthdays, and much more . They want to capture every moment of their life, and for that, they are ready to spend an ample amount of money.

You need to possess professional skills to be a good photographer; not everyone can do it. You must have seen multiple photo studios where people get the photos clicked for ID, work, or personal use but professional photography is much more than this.

Wedding photography is a profitable business in India as people are ready to spend a massive amount of money on their wedding, especially in their pictures and videos. For starting this business, you would have to make a studio, and for that, you would need to make space for rent. You would also need good cameras, lenses, lights, tripods, and a few talented photographers in your team.

23. Departmental Stores

This can be a great option if you are willing to give time to your business as here you would have to spend time from 10 in the morning to till 8 in the evening. In a departmental store, people can do multiple things in one place, such as groceries, personal care products, branded food, confectionery items, and much more.

These stores have become very popular these days because people like shopping here because they get everything in one place plus all the items are on display which makes shopping easy. Owning a departmental store requires a good investment, but it has tremendous returns.

For marketing your store, initially, you can provide excellent offers and discounts so that more and more people get attracted to it. If you provide good quality products, then these customers would come back to your store again for sure.

24. Setting up Online Stores

E-commerce has become one of the most growing sectors in the 21 st Several people think that setting up an online store would require a lot of investment, but that is not right. It has various benefits, such as affordable and convenient to set up, so it is said to be the best business ideas with 5 lakh investment.

For starting this business, you would need to consult a website development company and get your website and online store created. You can select any product you are interested in, such as clothes, footwear, accessories, jewelry, home décor, furniture, etc.

The best thing about it is that you need not set any physical store, and you can work at your convenience. Ensure that you sell high-grade products and deliver them on the date mentioned so that people can totally rely on your website .

People have become fitness freak these days and have become more inclined towards healthy living and eating. These are some of the reasons why opening a gym can be a great business idea. In India, people have a diet that comprises carbohydrates and fat.

We also include a lot of oil in cooking which creates extra body fat. People have an unhealthy lifestyle because of long working hours and a stressful environment; all these factors together push people to work out and go to the gym.

You can open a small gym with an investment of 5 lakh and can expand or increase the machines as more and more people join the gym. You would require a big space plus basic exercise equipment, AC, and a music system for starting the gym.

Also Read: 25 Profitable Small Scale Manufacturing Business Ideas in India

26. Home-made Sweets and Sauces

Many people love to try different recipes and are super good at making them. India is a vast market for sweets and sauces. If you are aware of some traditional recipes for making them, you can start this business on a small scale initially, and as people like its taste, you can expand it.

This business is one of the best business ideas with 5 lakhs investment as it can be started with an investment of less than Rs. 50 000 and all you need is s ome raw material to prepare the sweets, sauces, jams, and savories. You can pick any snack, sweet, or sauce in which you are an expert.

As people have become health conscious, they like picking food that is home-made and hygienic. Ensure that you consistently provide good quality stuff so that people come back to you again, plus recommend it to their friends and family as well.

27. Home Maintenance Solution

Be it a commercial property or household, and both need maintenance and servicing after a while. You can start this business and include all sorts of services such as plumbing, repairing, cleaning, dry cleaning, electrical, pest control , and much more. People would love it when they get all the services in one place.

You can keep various offers and discounts or charge them either for one visit or take an annual fee, and they can contact you whenever required. This business needs less investment, but you can earn well as you can charge a reasonable amount from your clients for every single visit.

28. Organic Food Store

Organic food is costly; in fact, it is double the non-organic products’ price. To stay fit and eat healthily, people are changing their food habits and food products as well. Especially in big cities where people have become more aware of the chemicals used in food products, they switch to organic food.

The demand for these food items has increased for a couple of years, and it seems that it is a never-ending business. You can also open a small grocery store where you can offer all the organic stuff. You can also keep other items such as grains, pulses, pickles, sauces, etc ., which are organic.

For starting this business, you would need to take a small space on rent, contact a dealer who can supply all these products, and a refrigerator where you can store all these things as they are all perishable items.

29. Manufacturing of Toys

This business really needs creativity as you should be able to create toys that kids love. There are various kinds of toys available in the market: stuff toys made of plastic or wood. You can choose the type per your choice and knowledge or make the entire range of toys.

Making toys is an art; hence, you need to ensure that you create such toys with which children can relate and enjoy playing with them. The investment in this business would depend on the type of toys you make and how many machines you set up.

If you wish to set up a small-scale toy manufacturing business, it can be done efficiently in 5 lakh. You would need machinery, space for rent, plus a few employees working for you for this business.

30. Soap and Detergent Manufacturing

Both soap and detergent can be manufactured easily with man and machines’ help. You can also make exotic soaps as people like using different kinds of soaps. For starting a soap manufacturing business, you would need raw material, molds, and specialized vessels to boil the mixtures and a few employees.

These are daily-use items, so the demand for these products always remains constant. In fact, handmade or herbal soaps are much in demand as people prefer using them over chemical soaps. Good quality products will ensure your success, so try and use an eco-friendly formula so that a lot of customers get attracted to your products.

These were some of the best business ideas with 5 lakhs investment .  You can start with less capital at the initial stage and then expand it by doing hard work. Using these business ideas would be beneficial and supportive enough to help you set up your business at less cost. Make the most of your money by doing research and planning well.

Sushma Singh

Sushma is an expert in online money-making strategies with extensive experience in business. She has spent a lot of time researching and writing about the ever-changing world of money-making games and websites, making her an expert at finding ways to make money online.

Good Article, as it will help to lot of people who wants to start new business with medium to low budget.

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How to Start a Business for Under $100

Published on July 6, 2024

By: Jordi Lippe-McGraw

• Before you start a business, think about what skills you can offer and try to match them with customer demand.
• Consider what legal structure will give your business the right foundation.
• Use free branding tools and marketing channels to promote your business without breaking the bank.

Launching a business on a budget might sound like a tall order. But you can get the ball rolling for just $100 or less. This guide will walk you through the steps to turn your small investment into a potentially lucrative venture.

Step 1: Brainstorm and research (Cost: $0)

Key actions:.

• Identify your skills: What can you offer that people might pay for?
• Market research: Look for gaps in the market that match your skills.
• Make a business plan: Outline your business idea, including goals and strategies as well as the financial implications. Map out your finances and set goals to help you stay on track.

The cost here is your time. Spend it wisely to validate your idea before moving forward.

Step 2: Establish your legal framework (Cost: $0 - $20)

Think about what type of business structure will work best for you. Two common options are LLCs or sole proprietorships. There's very little paperwork involved in setting up a sole proprietorship, but an LLC may suit your needs better. If so, it doesn't have to break the bank.

Unlike a sole proprietorship, an LLC draws a legal line between you and your business. This separation not only protects your personal assets from business liabilities, but can also offer potential tax benefits.

• Choose a business name: Keep it simple and descriptive.
• Business registration: Find out what you need to do to register as a sole proprietor or LLC in your state. Online services like LegalZoom don't charge anything to set up a basic LLC. However, registration fees can range from $50 to $300 depending on the state.
• Open a business bank account: Many banks offer specialized accounts designed for small businesses, some even at no cost. These accounts can help you separate your personal and business finances more effectively, which is crucial for financial clarity and can simplify tax reporting. Check out our best checking business accounts .

Business Credit Card Comparison

Consider these business credit cards that offer a convenient and efficient way to separate personal and business expenses, simplifying accounting and tax reporting.

Additionally, business cards can provide valuable perks such as rewards points, cashback, and expense tracking tools, enhancing financial management and the potential to help save money in the long run.

Step 3: Branding on a budget (Cost: $20)

Your brand's first impression counts, but it doesn't have to cost much.

• Design your logo: Use free tools like Canva to create a simple logo.
• Set up a basic website: Use free versions of WordPress or Squarespace; consider spending around $20 per year on a domain name for a more professional presence.
• Social media accounts: Set up free accounts on major platforms like Instagram and TikTok to promote your business.

Investing about $20 in a domain name while using free tools for other branding elements keeps costs low but increases credibility.

Step 4: Networking and marketing (Cost: $0 - $20)

Use your existing networks and free marketing channels to spread the word about your new small business .

• Word of mouth: Ask friends and family to share your business.
• Social media marketing: Create content that promotes your services or products.
• Flyers and local ads: If applicable, use a small part of your budget to create basic marketing materials. This could set you back about $20 depending on how much you print. Or, consider email marketing software like MailChimp with free plans for small businesses.

Focus on free promotional methods initially. If you opt for printed materials, keep the design simple and the quantity manageable within your budget.

Business ideas under $100

If you're looking for a way to bring in some extra cash, choose a business that aligns with your skills and passions. Initial costs can be extremely low, especially for service-based businesses or online platforms that charge fees on sales rather than upfront.

Here are some business ideas that you can start with minimal investment:

• General freelancing (e.g., virtual assistant, writing, tech support): Use platforms like Upwork to offer your services. It's free to set up a profile, with a 10% freelancer service fee on earnings.
• Graphic design services: If you've got a good eye, use free software to start designing for small businesses. The only real cost is a fee if you want your own domain.
• Tutoring or online courses: Share your expertise in a specific subject through platforms like Udemy or Teachable. It's free to start, though you'll pay platform fees on your sales.
• Seller on Etsy: Turn your crafting hobby into a business. It costs $0.20 to list your first item, with additional fees upon sale.

It is more than feasible to start a business for under $100. It's a testament to your entrepreneurial spirit and creativity. Use these steps to launch your venture strategically with minimal financial risk. Focus on leveraging free resources and reinvesting your earnings for growth. Your journey from small startup to successful business is just beginning.

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Our Research Expert

Jordi Lippe-McGraw is a freelance personal finance writer who has appeared in publications such as Forbes, The Wall Street Journal, TODAY, and Saving for College. In addition to personal finance, Jordi has a passion for travel. She's visited all 7 continents and over 55 countries, writing for outlets such as Travel + Leisure and Conde Nast Traveler.

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