A business person can quickly launch small scale businesses with little capital. The government has announced several initiatives to fund small-scale companies and promote their growth. The government is encouraging entrepreneurs and startups in India to help boost growth in the Indian economy. It is possible to start your own company from home, or lease out small spaces, thus cutting costs on office space. Here are 25+ Small Scale Business ideas yield high profits to help you start your own business.
1. Content Writing
Content writing can have a wide range of applications since many Small Scale Businesses and companies require the services of a content writer. Companies need help creating pages for their blogs, product websites, blogs, etc. The business of writing content is not a requirement for investments. All you require is proficiency in English writing, reading and language abilities. Because you are paid for every line you type, it’s highly lucrative. As more work you receive and the higher your earnings. When you write services to various clients, you will receive multiple assignments, which help you earn revenue.
2. Digital Marketing
Digital marketing is booming in India. Many online businesses and organisations are looking to establish an online presence. These businesses and companies need a digital marketing manager to assist them in growing their business. Digital marketing refers to marketing products and brands to customers interested online via digital communications like mailers, online advertising, social media, multimedia and text messages.
So, you can begin an agency for digital marketing if you are familiar with the strategies for marketing. Of course, you’ll need to pay money to register your agency and have a reliable internet connection to establish an agency for digital marketing. But, because it’s on the internet, you don’t require an office.
Dropshipping is similar to retail, but it’s online. Moreover, Dropshipping is when you link up with dropshipping companies and sell their products through your website’s retail store. Dropshipping providers will process and send your orders to customers. You have to make the payment to the dropshipping company after deducting your portion.
All you have to do is buy an online retailer. The Small Scale Business model is catching off in India. One of the benefits of a dropshipping enterprise is that it is not necessary to spend money on stocking or to buy every product. Moreover, it is possible to earn a high profit since you can decide on the commission or profit margin between you and the vendor by establishing a partnership.
4. Customised Gifts
A customised gift shop is a fantastic idea for a low-cost business. Many people give gifts for various occasions, such as festivals, weddings, birthdays, etc. There is a need for original personalised gifts. Start your own gift shop with different personalised gifts such as gift hampers, gift products you can find in the market, and innovative handmade gifts. There is no need to start with a physical shop. Set up an online store for gifts to make money.
An online gift shop allows you to reach a larger public, which helps you receive more orders. Promote your store via social media and to your family and friends. In the beginning, you might not earn vast sums of money, but as your Small Scale Business expands, you’ll be able to make profits.
5. Blogging or Vlogging
The popularity of blogging has increased in recent years. Companies with content on the web are also seeking blogs and need bloggers. Blogs are written pieces of opinion or stories on a particular subject. If you are interested in sharing your experiences, analysing issues or offering ideas based on your experiences, it is possible to start your blog. It is possible to create blogs in any field, like travel, lifestyle, food, fashion, tech reviews, fashion, and business strategies. Vlogging means video blogging. Vlogging is the process of recording a video on a subject and then uploading your video online.
An internet connection with a good speed and a laptop is essential to blog or vlog. Furthermore, it’s extremely profitable as you’ll get paid by Google whenever your blog appears top on Google. Since the cost of investment is low, it is possible to earn a high income based on the views you make for your blog or vlog.
6. Social Media Consultant
In the digital age, most businesses market their products and publicise them using social media and digital campaigns. You can start an online social media consulting business once you know branding, marketing, web presence, and communications.
You’ll have to assist companies or individuals post content and running campaigns to advertise their products or services via social media platforms like Facebook, Twitter, Instagram and LinkedIn. You are responsible for assisting them in building traffic and maintaining an account on social media to bring leads. It is necessary to make a small investment in establishing a consultancy and earn a high profit by generating leads and online traffic for companies.
It is possible to start an enterprise in photography if you are passionate about photography. Online photography Small Scale Business can be very lucrative, with various possibilities, like wedding, travel or product photography. In addition, it is possible to shoot commercially for advertising campaigns or organise corporate events and make money from these.
All you require is a quality camera for running your business. You can also take photos of your customers and sell them. You could create a YouTube channel or even start an online course in photography to demonstrate how to take artistic images or record events. It can earn a high profit by hosting photo shoots during special events or functions.
8. Event Management
An event management company organises weddings and birthdays, wedding rituals, pre-wedding ceremonies, and corporate functions. You’ll need organising skills and an event management network. In addition, you’ll coordinate with the caterers and decorators.
Investing in logistics, arrangements, and logistics is a requirement. You could start at home and employ caterers and decorators to host the occasions. As your Small Scale Business expands, you can invest in and recruit employees. Profits can be huge in the event management industry.
9. Grocery Store
Opening a grocery store to sell household and food items can be highly profitable. But, it is essential to tie in with wholesalers or suppliers to purchase the required items. It is necessary to acquire an actual location to start the store, but you can earn money since food is a daily requirement for all. It is possible to save money by opening a store online.
Since the outbreak has spread, people are beginning to buy food items on the internet. It is possible to open an e-commerce store or website and offer products through the online store. You’ll get more customers if you offer discounts or promotions that appeal to customers. There is no need to keep stocks of inventory in your online store.
10. Coaching Class
There is always a need for a quality coaching class. Students would rather have courses close to their homes that give them personal attention. It is possible to start your coaching classes in the comfort of your home or rented facilities. Following the outbreak, coaching classes are conducted on the internet. It is possible to teach in offline or online courses. The only investment needed for online classes is an internet connection and a laptop. It is necessary to purchase a board and space to hold an offline class.
You can begin classes for coaching to prepare for competitive exams or professional certifications with the help of lecturers. If you have a background in that you speak a different language, you could create a class that teaches the language since there is always a need for language classes for foreigners from both students and professionals. Since the cost of investment is low, it is possible to earn a good return on your investment by sharing knowledge with others.
11. Mobile/Computer Repairing
Everybody has a mobile these days. Laptops and computers are also essential. You can open an online notepad, mobile or computer repair shop once you know about the. Laptops, computers, and mobiles require maintenance and repair services. You can learn to repair these devices, earn the necessary diploma and begin an online and mobile business.
It is a low-cost investment to begin this business. However, it can generate huge earnings if it is managed professionally. You could even join professional firms or companies and maintain their devices regularly and generate profits. You can begin selling mobile phones and laptop accessories to increase your earnings. As your Small Scale Business expands, you can sell computers and mobiles to your customers.
If you have a good understanding of a subject you are interested in, create a consultancy company. A consultancy company is one in which you assist people to complete tasks and lessen the workload. Therefore, starting a consultancy company with a low investment cost is possible and making more money. There are numerous fields in which consulting firms can be established, including accounting, legal, bookkeeping expanding Small Scale Business through the internet, advertising, and so on.
It is best to begin an advisory service in the field of your expertise. You could also employ someone or collaborate with someone with a similar experience to offer to consult. It’s possible to start it online, and it is not expensive, and you earn money for sharing your expertise.
13. Travel Agency
The industry of tourism is massive in India. The majority of people want to travel on a budget. This is why you can create an agency for travel, tailor tours, and organise tours at the lowest cost. It is essential to have the ability to communicate to begin this venture. It is necessary to tie up with hotels in different locations and local tour guides who will take care of your clients on tour.
But, you could begin this business from home since tourists book tours online. You can set up a website, advertise your time through social media, and receive reservations from there. You can also make online reservations for trains, flights, and buses. The more clients you have or the more significant number of tours you organise, the more money you make.
14. Web Designing
Today, almost all businesses have their websites. Smaller businesses also plan to move online and establish their websites since potential customers look up the company online to find more information about their offerings or services. This has increased the demand for web-based designers. Web designers create or design an online website that contains information on products and services and manages the website.
A company that designs websites is not a significant expenditure as all you need is an internet connection, a computer and web designing abilities. Learn web design skills at a training centre as well as an institution. You are money for your web design abilities and the projects you complete.
15. Real Estate Agent
If you can comprehend the residential and commercial real property market, you can begin a real estate business. It is also necessary to have the right people and skills to attract home buyers and sellers to strike an offer. There are excellent commissions for every deal you negotiate. The cost to begin is surprisingly tiny. It is necessary to invest in the establishment of an agency.
Your earnings will be high as you build your network and make sales. All you require is communication and speaking skills to convince sellers and buyers to come to an agreement on the price and earn profit. You could even start an estate agency to assist renters in finding homes instead of solely focusing on selling property. Rents are high in metropolitan cities, and many renters live in homes in metro cities. So it’s highly profitable to start an agency that deals in leasing properties in metro cities.
16. Affiliate Marketing
Affiliate marketing can be a lucrative way to earn money online. It’s a type of digital marketing where you help someone purchase an online item from an online store or platform. You receive a percentage of the fee when the person buys the product due to your recommendations. It is possible to start your Small Scale Business from home, so you must invest a small amount. You will need a computer as well as Internet access.
The transaction’s value and the number of sales determine the amount of commission. Affiliate marketing requires a solid online presence to gain attention and recognition. If you can reach a small crowd of customers who trust you, you could market and sell a retailer’s products to them and earn cash.
17. Beauty Parlour
A beauty salon never runs out of customers. The majority of women go too often to a beauty salon. You must know the importance of skincare and receive specialised training for grooming to start an establishment that offers beauty services. The capital required to open an establishment for beauty is not too high.
You could even set up an aesthetic salon at home. But, you must buy the right equipment for opening a beauty parlour. If you have it open in the correct place, such as close to an apartment or a residential layout, you can make an enormous amount of cash by making a good impression on customers. You can even provide door-to-door service, i.e. visit clients’ homes to offer your services and earn a profit.
18. Fashion Boutique
Fashion boutiques also enjoy a huge demand. Women visit boutiques for fashion to purchase unique and custom clothing. You can start your fashion boutique if interested in fashion and clothes. The cost to start the boutique is minimal.
To start a boutique, you must buy the materials for stitching and tie them up with dress retailers. You could make your dress or buy dresses from wholesalers, personalise them, and then offer them to clients. It is possible to start an online store from the comfort of your home. The margin of profit is excellent compared with other companies.
19. Insurance Agent
A medical plan or health insurance policy is essential. The public has realised this following the pandemic. You can set up an insurance company to help customers to purchase the best insurance policy that meets the needs of their clients. The insurance umbrella covers health, shop, vehicle, renters, etc. It is possible to start an agency without much capital investment.
As an insurance broker, you must have strong communication skills and persuasive power. The insurance agent can make a substantial commission when you sell insurance policies. Therefore, it is necessary to get an insurance agent’s license. However, the returns are significant for this type of business. In addition, it is possible to tie up with insurance companies and offer their insurance products to earn an income.
20. Low-Cost Franchise
Franchises are a way to increase Small Scale Business in cities and states. In a franchise company, the franchisor, i.e. an established business, provides you with the license, guidance, and a trademark to manage its business. They provide reasonable margins on the stocks that can be sold. You have to sign an agreement to franchise with the franchisor before you can operate an enterprise that is a franchise.
If you are a franchisee, there is no need to spend money to establish your business. The franchisee will provide the equipment and services needed to run your business. You are responsible for marketing the items and then selling them to your customers. The more sales you generate, the more profit you can earn from these products.
21. Cloud Kitchen
The cloud kitchen is a kitchen run on the internet. First, you must sign up via the internet or an app for food and post your menu on the platform. Then, customers will place orders online. Then, you have to cook the food and give it to the customers. After that, you can make arrangements for delivery or work with the app or online platform to deliver them at a cost.
There is no cost of investment in this type of Small Scale Business because you will save money creating a physical location for customers to sit and hiring employees to serve customers. You only need to be able to cook and have the necessary equipment to prepare and sell food. You can also open your food-related website and place orders for food on the site. You’ll get customers and massive earnings if you promote your food business well.
Cakes are bought for various occasions, such as birthdays, farewell celebrations, engagements, celebrations of an event, etc. Also, people buy cakes as muffins, cookies, as well as puffs, cakes, etc., to snack on. This makes it one of the top-performing businesses in India. The initial investment required to start an enterprise in the bakery sector is minimal, but you have to be able to bake cakes and other bakery items.
Opening your bakery in a place with a lot of customer flow is possible. You will need to invest money in buying ovens and other ingredients for baking food. You can also start your own online Small Scale Business by establishing your website or signing up on food websites and selling your products on those platforms.
23. Catering Service
Every occasion, including birthday parties, house parties, weddings, corporate events and functions, requires a caterer to prepare food. Therefore, caterers are sought-after to provide delicious food. To begin a catering business, it is necessary to have a kitchen, cook, and transportation facility to transport food.
Therefore, the cost of starting a food-service business is low compared to the return. Catering companies have excellent earning potential, particularly when you put the business online and gain more clients. It is possible to cater meals to people who work regularly or daily.
24. Investment Consultant
The public knows the importance of saving money and investing in post-pandemic time. They are keen to conserve cash and put it into their future. However, they require help in this regard. You can begin an investment consulting agency if you have a good understanding of shares, mutual funds, mutual funds and investment schemes like PPF, NPS, post-office savings plans, bank FD rates, etc.
It is not huge money to begin your Small Scale Business since you can do your business on the internet. All you require is an Internet connection that is reliable to provide advice on investing. Additionally, you need to be analytical and proficient at calculating for advising people on what investment can yield the most return for their objectives. In the beginning, you won’t make more money, but as you promote your company and offer helpful advice to interested customers, you will gain more clients and earn more.
25. YouTube Channel
You can create an account on Youtube. There are numerous channels available on Youtube; however, If your content is unique and innovative, you’ll see more subscribers and views. In addition, you can earn money from the subscriptions and ideas you get for your YouTube channel.
To begin a Youtube channel, you must purchase a quality camera, microphone and internet connectivity. You will get more views and earn money from posting your videos regularly. In addition, you can promote companies’ products on your channel and profit from them.
26. Fitness Trainer
After the pandemic, many people are concerned about their health and desire to keep healthy. You can be a fitness instructor if you are knowledgeable and have the proper training. Therefore, You can coach participants on yoga, Zumba, aerobics or any other activity and provide them with the foods they must eat to keep fit. You could even join a gym to become a trainer or run fitness classes at the gym.
There isn’t much money required to become a fitness instructor. Taking new fitness classes and participating in fitness programs to educate your clients is possible. On the internet, you can begin fitness classes like yoga and aerobics, dance classes, Zumba, etc., or lease a space for similar courses. It is a significant investment when you have more people enrol in your classes.
Summary of Small Scale Business
There is innumerable options and concepts for small businesses. And considering the options available today, creating your own Small Scale Business is strongly advised. There is something for everyone, whether you are entirely quitting your 9 to 5 work or establishing a side business.
It’s possible that you don’t qualify for the majority of the 50 small enterprises on the above list. Your business decision will be influenced by your skill set, your area of interest, and the available resources.
Certainly, some of them will appeal to you more than others in terms of viability. When you do, continue reading. Do as much research as you can on the small company you decide to pursue. You may start by going to the blogs that are linked in the names above.
It is now simpler than ever to launch an internet Small Scale Business thanks to platforms like Zyro.