15 Profitable Business Ideas under 50 Lakhs in India for
15 Profitable Business Ideas under Rs. 50 Lakhs along with Key Strategic Investment is under INR 50 lakhs for a good scale business and. All start up companies based in Bangalore. of their performance. YoungCurrent Exotel - SaaS B2B telecommunications small and medium businesses. Best business ideas in India with low, medium & high investment. You can similar small scale manufacturing business ideas here. . Stationery does not have any expiry dates, meaning your merchandise lasts longer. .. Hi my name is Kiran, from Bangalore I ve a idea to make a business and within.
Pricing could be high and premium. This could be very useful for specific segments such as Chronic Heart patients, people who are prone to Stroke, Ladies who are traveling in remote areas etc. An investment could be under INR 50 Lakhs depending on how much one wants to risk investing in that idea.
ROI is usually very high depending on the innovativeness of the idea. It is also a good practice to identify a Start-Up with a great idea and invest in it by acquiring a business stake via Equity.
Look at the quality of innovation and long-term prospects of the product rather than immediate profits. A small place in a busy street will assure the cash counter always ticking. A Space of square feet would suffice with a small kitchen. The menu could be regular catering to local cuisine. The restaurant personnel needs to be very courteous and neatly dressed. They should be well trained. Promotional freebies like free cookies can be offered to the customer buying coffee.
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In case of a quality issue or a customer complaint regarding food, the refund should be immediate and without any argument. This goes a long way in building goodwill and assuring repeat sales. It also acts as a motivator to continuously maintain quality and taste. Things to Know for Opening a Restaurant 9.
This has contributed to the emergence of Contract Recruitment Companies which is a very lucrative business with high growth potential. Depending on the scale one wishes to start with, Investments can vary.
Typically, the initial cost is in setting up a small office and investing upfront in manpower to meet a contract need. Usually, companies who need the manpower pay later so there is a Gestation period.
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Till the complete staffing requirement is met, one may need to invest in paying partial salaries to the workforce. The company that needs the manpower outsources them from the contract recruitment company. When the deal is made, the latter recruits people and pays them a percentage of the salary that the company has promised the contract staffing agency, hence making a profit.
This has a fixed time period and is temporary in nature. Block deals are also possible where the company requiring the manpower pays a fixed amount for a certain number of employees for a particular period of time. People skills are essential. Recruitment should be scientific and assessment of the candidate should be done professionally so that there is no conflict in the workplace. A product like a shoe which is normally sold through a showroom in a prime space which has its geographical limitations can now reach out to the whole country if retailed online.
Good knowledge of internet marketing and good distribution logistics is required. Fast procurement and quick delivery to the customer after the order is placed can be a strong USP of an online business.
Payback Period is usually 3 years.RS.3000 रोज कमाए, small business, business idea 2018,low investment business, creative business idea
Use Voice to make an impact. Build Online Communities to fuel demand. Use interactive advertising to build traffic. Do not compromise on quality and offer good after sales service since repeat sales is very likely especially for a low involvement and impulse product. Artists can showcase and sell their work on this platform. Paintings, Photos, Drawings,etc can be sold. Typically, the initial screening is done online by prospective Art buyers and then they physically visit the actual art gallery to make the final selection especially in case of a very expensive painting.
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The online gallery can offer filters to highlight specific works or certain kinds of themes like Renaissance etc. Artists and Buyers have their own accounts where they can save their selections, and people can even follow artists to know about their latest artworks.
This is required about INR 25 lakhs. PRO TIP — One can add value-added services by discussing the artwork with the artist and doing a write up on that piece highlighting possible historical and cultural significance. Good people skills are required and managing creative people is an art which needs to be developed.
One can take up rented premises and create the requisite infrastructure to run an office.
It could be at a strategic location which need not be very costly. Courteous Customer Service and good facilities are key requirements. Continuous marketing is required to get clientele. Facilities can be set up to provide conference rooms with fixed usage charges. Value-added services like providing a stenographer, computer operator, etc could make a difference. The entrepreneur ties up with mentors who are experts from the industry and academia who in turn hand-hold the Start-ups.
Pay attention to the personality of the founders of the StartUp also since that can make or break the start up. Look for Scalability in the business model. An Animated Studio produces animated media. They own production equipment and hold a stake in the sale or rental of the media produced. They may also hold merchandising and creative rights for characters created by the studio.
A strong animator and production team along with good technology is a must.
Online animated videos can be created for online marketing. Usage leads to increased conversion rates as a powerful video communicates much more about the product than a simple ad. Viral marketing and Video sharing increases Click through rates significantly.
A study of consumer behavior and using perceptual mapping can help design the videos optimally. Innovation along with factual information and humor can help in better design.
A product video should be designed around benefits and not just features. It is largely seasonal in nature. Per capita consumption in India is way behind the global per capita consumption. This creates a great potential for the growth of this industry. Food Trucks Food trucks are not an entirely alien concept to small towns. Reminiscent of old-world 'thellas', food trucks are mobile eating joints that can offer unique cuisines at a fairly reasonable price.
The mobility of a food truck allows it to place itself at different locations at an ideal time. For instance, a food truck can park outside a school in the afternoon and later in the evening, outside an office. Food trucks are a perfect small budget business as you need not to invest in real-estate. Ice Cream Parlours Ice cream never goes out of demand. A tiny little ice-cream parlour is an ideal low-investment venture. They need minimal space, basic equipment and low-staffing, making it a perfect small investment option.
Owners can chose specific themes and types of ice-creams that are not easily available in the city. Ice-cream parlours work great around cinema-theaters or a popular food joints. A good pre-school which is innovative in its ways of teaching will surely attract working parents. One strong disclaimer though, owning a pre-school is a huge responsibility and required undivided attention on the children.
Initially, you can lure customers with cheaper yet quality services. A pick and drop service will be essential to spread the reach of your customer base. To attract the eye of customers you might want to offer complementary services like a small cafe or reading room for people who'd like to wait while the washing happens.
With a growing culture of dating, these bookshop-cafes can prove to be an ideal meeting point to meet a person for the first time. House cleaning services Applications like UrbanClap and Haptik have opened a whole new dimension of how we work around cooking and cleaning services.
But these services are severely limited to big cities and even restricted to only certain parts of the metro cities. Opening a new cleaning services via a website or a telephone service shouldn't demand for huge sums of investment. Tourism Though this option is highly dependent on the location of the small town, most Indian towns have enough character to attract tourists, especially old cities.