Small Business Ideas With 1 Lakh Investment – Working can be a great way to earn money, but having your own business can be a good idea. However, most of us think that business is a big investment. We do not think some business ideas can be started with minimal investment. Even if you do not want to start a business in a big way, some of these business ideas can help you get started.
This article is about small business ideas to start up to Rs 1 Lakh in India.
Small Business Ideas With 1 Lakh Investment
Before moving on to a real small business idea to get started, find out how to run a successful business. This mantra will help you no matter what business you start. Here is a good video about it.
Small Business Ideas To Start In India With Rs 1 Lakh
If you like tea / coffee or are good at making it, give it a wing to your dreams by opening your own cafe. You can set it right with limited cost and great coffee / tea with delicious food. Self-service can be used initially to reduce fixed costs.
The garment business is a great opportunity to start a small business with little investment. To get started, you need 2-3 tailors and a sewing machine. As the level of work increases, the level of operation can increase accordingly, and then you can also hire a designer. There is a huge demand for custom clothing and I am sure these are very profitable small business ideas to start with a small investment.
Opening a restaurant can bring you a lot of costs and expenses. However, starting your own food truck business is the easiest and most profitable business in the Indian subcontinent. Business can start with less initial investment than Lakh. An important part of the cost is the cost of permits and licenses. Other costs include labor, transportation costs, raw materials, etc.
Having a laundry service in an unrivaled area can break even in the first 3 months. Adding services such as home collection and home delivery can be an added attraction to laundry services. In this busy life, people are trying to cut down on work from home, so this may be one of the best small business ideas to start with less than 1 million riel.
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Although it may seem like a low-profit business based on the cost of the newspaper, distribution costs can be as high as 30% to 40% of the paper price. This can be a good idea as a part-time job. Joining various magazines and distributing leaflets can help you increase your income.
Catering can be done at home or by renting a kitchen elsewhere. If you do not have the resources to start your own website or book online, you can place orders through food apps like Zomato and Swiggy. Also, receiving orders via personal contact or WhatsApp reduces marketing costs. It is a good idea to start with a batch order with a simple kitchen and some marketing materials. If you love food and can manage a small group, this may be one of the best business ideas to grow with a small investment of Rs 1 Lakh.
With the rise of corporate culture, people are trying to find good home cooking for their daily bikes. Tiffin’s great service can be a win-win situation for employees and even work to be a good business to start with. The required infrastructure is basic kitchen equipment, disposable equipment, tableware, vendors, etc.
Flowers are always a great gift, a gift for a special occasion and can be used for religious purposes. Flower shops are usually a hassle-free business with good profits. You can buy flowers from wholesale markets or directly from farmers. This investment will be used to hire a few bouquet designers and rent a shop to increase the cost of raw materials.
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Laptops, smartphones and more. In an era of overwhelming use of technological devices, such as profitability is very good with the sale of spare parts on demand. AMC can also be charged to customers for equipment maintenance. Investments need to be subdivided and include software, systems, software, some technicians, etc. For hardware and software maintenance.
Real estate is a big deal, and with good relationships brokers / commissions can be easily found on every purchase / sale. Starting with a small rental office, you can earn a commission of 2% to 5% on transaction fees. In addition to the office space, you will need some staff who can provide regular information and communication with the owner as well as the buyer.
Today, both moms and dads work in good day care services. You will need enough space, childcare license, basic child safety and security equipment and some advertising. With quality service, good security and a happy atmosphere, this business has great potential to grow over time.
Event management is about connecting with less permanent investment. All you need is a good client to plan their birthday or reunion and turn it into It was an unforgettable day. Event organizers pay you to host events including event decorations, invitations, photographers, catering and more. Is necessary. A small office for coordinating things makes it run smoothly. If you are good at public relations, this could be a great business idea for beginners.
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With the rise in obesity rates and concerns about living a decent and healthy life, diet and nutrition advice is in demand. These services can be provided to customers online and offline. Once self-approved, clients can be offered a healthy diet based on their body and the need for a monthly fee. All you need is a small office and a weighing machine to consult with clients.
Recruitment can be done by contacting MNCs and appointing the right people with the skills and experience needed to meet human resource needs. Commissions can be charged when the company hires employees. Less than a million investments are needed to accommodate things at the end of the office and some staff. This service may need some advertising to build a HR business.
Freelance writing is so popular that authors provide exclusive content to clients based on their needs. No significant investment is required, but for a computer and internet connection. This may be one of the best part time small business ideas to earn extra money in your spare time.
The Internet is a great way to build and grow your business. Running SEO management courses and providing SEO services to clients is very common in today’s marketing platforms. Mastering the SEO techniques and providing the services your clients need can turn them into a profitable business in no time.
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You could start your own home-based business tomorrow with very little start up cost. Tuition can be provided to students in a convenient evening. You can also start this as a part-time job. This ensures an education for the students and provides a recurring income for the college. Starting by learning with young people will help you get the right foundation and platform for further growth. This option requires a small investment of the workplace with some advertising.
Craft classes can be started for children and even babies to help them improve their skills. This option requires a small space with some advertising costs from the beginning. You can also get an hour seat to get started. Can be expanded later
With the rise of globalization and the increasing interaction between people of different cultures, the need for translators has increased many times over. Translation is a growing business opportunity and clients who want to expand their business across geographical boundaries usually do not care about good pay. Now you can use your language skills to earn some money and start your own business.
Medical tourism is a growing business with an increasing incidence of disease and the need for better and more affordable health care. Providing tailoring services for all medical needs of patients seeking health care outside of their city is a new business opportunity with low investment and good returns.
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You can get LIC, SBI Life insurance and so on. You can become an insurance agent of a reputable company. You have to meet some criteria and pass some simple exams. Upon completion, you will not only receive a good insurance premium, but you will also receive a commission on future premium payments.