Top 5 business you can open with investment under one lakh rupees only!!
Hello there guys, I know you all are excited and furious about all the business opportunities you all have with such low investments, Right. So without wasting your time, let’s start the list.
So before you see the list let me educate you about the things you need to keep in mind while doing business:-
- If you want to do it as a part-time business, it will not give you the best returns. So don’t have high expectations.
- Customers are always the king, so think before you price and market the product/ service.
- Have faith in your business and but don’t expect it to run on high pitch in the initial months itself( Have patience).
- Marketing is very important so choose your channels wisely.
- Never try to cheat your customers as you know it won’t run for a longer duration.
- And last, Always talk to your customers and build credibility and goodwill slowly by fair means.
1. Unique Dish
Most of our quarantine went in for cooking and trying out new stuff, well we all remember “Dalgona Coffee” right, How it made us try it out. The perfect example I can give you about Unique Dish is remembered when someone thought to put sauces in the french fries and ended being a multi-crore business. I hope you got my point, so let’s begin with all things you guys require to start with UD.
- Make a one in a lakh dish( as it is obvious).
- If you have a good kitchen, you don’t require additional space( Money Saved).
- Build a presence for credibility on various platforms(Registering on Google Business is highly recommended).
- You don’t need a promoter for your business. Instead, invest in google and social media platforms and let them do your marketing.
- In order to keep your customer updated with your kitchen, click high-definition pictures of your products. Well for that you need to hire or you can even buy yourself a camera dedicated entirely to your business.
- All in all the wholesome investment in this business would vary from ₹35,000/- to ₹70,000/-*.
2. Marketing Agency
Marketing Agency is again the best business to start as a beginner in the corporate world. Yes, I know many of you guys don’t really know about marketing and it’s techniques but here’s my thing which can help you earn good returns :-
- The first thing is that you need a space to work. So rent a shop in the outskirts near your city and make sure you have internet connectivity.
- Secondly, hire a marketing intern for a part-time job, so it basically cuts their salary to half a month which is the best deal for you as an investment is size is small.
- Now you need a good laptop and furniture for your office which can be bought by any cheap means.
- Stay active on social media and try to engage with more people and talk about yourself on forums.
- Make sure you are registered with google and have your own company’s website email ID.
- Here, you will require an investment of around ₹70,000/- to ₹85,000/-*.
3. Customized Products
Customization of a product here means that you are making an already existing product more attractive. In other words, you are making a raw-looking product change its looks but not its properties. For example:- Making scented candles, colorful paper bags, T-shirt prints, etc.
- To start a business in this field you need to first think about the best option you can pick amongst the product line you can suit the most.
- Now, after finding what product you are going to customize, find the latest and best machinery for making or production.
- Here you need a processing place which you will get easily at a cheap price in the outskirts of the area you live in.
- You need good social media presence and so present you work in a beautiful manner.
- Investment size required is in between ₹45,000/- to ₹80,000/-*.
4. E- Commerce Link-Up
Well now, who doesn’t know about this right? For those of you who don’t know about e-commerce link generation here, it is, it’s basically sharing links of products on to your website with the retailer’s permission of course. Here you sell the links to other people with which they directly land on the parent site and after they have purchased you get a commission for each product sold through your links.
- Make an e-commerce supported website. Make sure it gets secured.
- Send mails to big sellers and try to gain their trust in you.
- Try to be regular with updating your website.
- Choose good and reputable SEO providers.
- Social media helps the most in selling and linking the products.
- Investment Size here is in between ₹55,000/- to ₹65,000/-*.
5. Trip Organizer
I would highly recommend this business for travel freaks and people who like to interact with new people. This is not an easy job but not that hard too if you love and have a passion for traveling. This is a type of business wherein you will earn the most during peak holiday times. So, there is a number of things you need to remember before starting your business as a trip organizer to making your business to trip agency.
- So, initially what you need to do is travel at-least once to the place you are going to plan the trip itself.
- Now not only you need to roam around, but also need to gather as much information as you can like- fewer crowded places, gain knowledge about the history of that place, offering hotels, bus buddies, etc.
- Now for the cost-cutting part, you need to establish connections that are only possible through effective communications and dealings.
- Make sure to develop yourself on Pinterest, Instagram, and Facebook. This is will assure your presence socially for credibility.
- The website should be made with multiple photographs of your travel history and your detailed trip.
- The investment size can vary between ₹35,000/- to 80,000/-*.
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