Small Business Ideas With Low Investment In Mumbai – Indian retail industry has become a fast paced industry due to many new retailers. In India, retail accounts for 10% of GDP and 8% of employment. India is one of the top 5 retail markets in the world in terms of economic value. One of the fastest growing retail markets in the world.
People need goods every day and can explore nearby shops or hotels. Retail is the most profitable business in India with low to moderate investment. So people with low to moderate capital investment can focus on small to medium retail businesses to ensure high profit margins in India.
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A retail business is when a business sells a product or service to a consumer for their use. The retailer sells the product at a higher price than the wholesaler. Retail can be considered a grocery store. Service-related businesses, such as salons and places for rent, are also classified as retail businesses.
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Kirana Store is one of the most profitable retail stores in India. India has a huge population and a grocery store is essential in every area. Every household needs basic supplies and the grocery store has soaps, spices, food, etc.
It is important to get the goods you want to sell in bulk from the wholesaler at a low price. This helps you price the product competitively.
Opening a stationery and bookstore is a profitable and best retail business that does not require special skills. A variety of story books, DVDs, school books and stationery can be stacked in the stationery shop.
Your grocery store should be your last stop for back-to-school children’s books and accessories. You can stock up on some educational equipment or toys that other retailers don’t carry.
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The advantage of this business is that no special knowledge is required. India has the largest agricultural market and fruit is the primary product. If you decide to sell fruit, choose the fruit category based on the supplies.
The florist business is one of the most profitable businesses if you set up your business well. Many hotels require daily flowers in their offices, so if you partner with hotels or offices, your profit margin will increase up to 80%. For extra profit, you can fill your shop with artificial flowers and gifts.
If you are good at tailoring and dressing others well, then this business is for you. You can start your business at home and change your clothes. This business requires little capital investment.
The tea shop is a business requiring low investment. Indians love tea, so if you set up the stall outside colleges or offices, the profit will be high. Many offices also have agreements with tea shops to deliver daily tea to their offices.
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Agriculture is the most important sector of our economy. Many farmers need good quality seed for their crops. When selling seeds, pay attention to the quality of the seeds, because this increases the demand for seeds. You can use this option if you live near a village or agricultural area.
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The drug store is undoubtedly the most profitable retail business. People often need medicine in case of an emergency or illness. A drug store makes a profit of 60,000-80,000 if it invests 3-4 million on medicines. Medical stores can generate huge profits immediately if managed properly.
However, how much profit you can make also depends on what kind of medicine the medical store sells. In general, the pharmacy shopkeeper earns 20-25% of the daily sales.
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The saree is very popular and one of the best retail stores in India and is worn by all segments of the market. If you want to start your own saree business, visit a few local shops to understand the market trends. Generally, a good Banarasi saree is very popular in India.
Decide on the type of saree you want to sell, there are many popular varieties of Indian sarees.
Opening a gift shop in India requires serious planning and execution. The profit margin of operating a gift shop is small, so there is less room for error. The gift shop mainly contains personal and corporate souvenirs. You can also add gift cards to increase sales.
The demand for beauty care products is increasing, as not only women, but also men consciously pay attention to their appearance. If you know the beauty business and have capital to invest, this is the business for you.
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Indian Confectionery is a fast growing and high margin business in India. Many entrepreneurs have their own manufacturing units and are also suitable for cottage industries. You need to have the right packaging and marketing to increase sales.
Perfume is the next evolution in how people portray themselves. The perfume business requires moderate capital investment. You can also sell perfumes from home as it does not require a large investment.
Sweetshop is a profitable retail business in India as sweets are manufactured in bulk and require less investment. There is no fixed price, so you can get sweets at a good price. You can open a snack shop to increase your profits.
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Coffee shop is the most profitable retail business in India, but it requires heavy investment. Running a coffee shop is not easy, you need positive cash flow and high sales to sustain it. Profit also depends on the area of the business. The cafe is one of the best retail outlets in India. INR 10-20 lakh profit margin – 20% – 80% 2. Ice cream parlor Ice cream is loved by all age groups. And it’s a very popular dish. You can consider opening your own brand which is quite difficult or you can consider setting up a franchise for other reputed brands as it is a high margin business in India. Investment – Rs 5-10 Lakhs Profit Margin – 40% 3. Fast Foods Fast Foods are famous in India and already packaged. This business is one of the highest grossing businesses in India. If you are planning to open a fast food restaurant in India. Do market research on different restaurants – how they operate and manage their restaurants, investments and profit margins. Investment – 10-50 million profit margin – 40% 4. Car wash India’s automobile industry is doing very well and the number of vehicles is also increasing. Owning a car wash requires proper planning and a huge investment. Car wash industry is a very profitable retail business in India. Investment – INR 25 Million Profit Margin – 40% 5. Two Wheeler Showcase Currently the Indian motorcycle market is experiencing double digit sales growth. Opening a two-wheeler dealership is a profitable venture for young entrepreneurs. If you are planning to open a two-wheeler business, you need a strong capital investment. This business requires serious hard work and you need to have proper knowledge of the business model. Investment – Rs 30-50 Lakhs Profit Margin – 30% 6. Salon This business is the best retail business for women entrepreneurs with the right skills. You can also open your salon at home because it saves a lot of capital. Investment – Rs 15-30 Lakhs Profit Margin – 10-20% If you are a female entrepreneur who wants to start your own business, don’t worry we have got you covered. Check out the best business ideas for women The best business ideas for women [/tag/women-entrepreneurs/] They are venturing into many areas and industries where they have not been in the past. They have broken the glass ceiling for quite some time now and are excelling in many careers. In this article we discuss the… Ashwini 7. Restaurant Food Restaurant is one of the best. Retailing in India. Before starting a business, you need to do a survey. This business requires high capital investment and also the highest profit margin business in India. Also, get your menu and fares right before starting your business. Food restaurant is one of the highest profit margin businesses in India Investment – INR 15-30 million Profit margin – 15% – 20% Marketing.
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