25 Low-Cost Small Business Ideas for Company Registration in India
25 Low-Cost Small Business Ideas for Company Registration in India
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One of the best part time business ideas with low investment is dog training.
These ideas include service-based businesses and those that require a minimal amount of startup capital. You can even start a business from home with these 25 low-cost Small Business ideas.
Computer Repair
A computer repair business is a low investment start-up option, but it requires a lot of patience and hard work. It also requires you to be flexible to accommodate your client's schedule. It is also important to focus on customer service.
You can start this business from your home or you can open a storefront to cater to your clients. You can offer a variety of services such as hardware, software, and virus removal.
Beauty Salon & Parlour
Beauty salons and parlours are a viable small business opportunity for entrepreneurs with a knack of the wellness industry. The sector requires comparatively minimal pre-requisites and can be set up from home.
Additionally, introducing new treatments can help increase revenue at the salon. This could be anything from a new nail treatment to lash extensions. Adding salon retail sales can also help boost profits. However, a salon requires certain legal and regulatory registrations before it can be opened for business. These include a trade license and GST registration.
Boutique Store
Boutique stores sell trendy, exclusive apparels for men and women. They are very opportunistic businesses that offer excellent returns if operated efficiently. Moreover, the business requires very less raw materials and incurs minimum operating costs. Therefore, it is a great business idea for aspiring women who want to earn extra income. However, you must learn about prospecting clients and closing deals to make the most of it.
So, put on your entrepreneurial hat and choose the best Small Business Ideas to start with. And, good luck!
Wedding Planner
Wedding planner business has a great market potential as Indians love to host lavish weddings. The industry is expected to be worth Rs10,000 crore by 2023. Besides weddings, large business corporations also require event planning services. The investment required for starting this business is comparatively low. However, you need to acquire certifications in order to become a successful wedding planner. Start with catering to small weddings to get started. Then, you can expand your clientele as you grow.
Also, consider hosting speed dating events to attract clients.
Online Bakery
One of the simplest home-based business ideas for women, an online bakery supply store is a lucrative opportunity to earn good returns. It thrives on customisation and offers scope for specialisation as well.
To start this business, conduct a market survey to identify the needs of the local community. You should also register with online food aggregators and ensure that your employees wear clean, hygienic chef coats.
This business requires a few major permits, including FSSAI registration, GST registration, local municipal corporation health license and police eating house license.
Online Tutoring
Online tutoring is a home-based business that involves real-time interaction between students and teachers. It is one of the most popular low-cost small business ideas because it does not require large investment.
The market is driven by the rising demand for entrance test preparation. Other factors include technological advancements and government-led development policies.
Yoga Instructor
Yoga is a popular fitness activity that has a large market with huge potential for growth. Starting a yoga studio is an excellent business idea that requires low-to moderate investment with huge profit potential.
You can offer classes online and in-person. To start with, Instagram and YouTube are great platforms for your classes. To grow, you will need a branded website with membership management and Zoom integration for your virtual classes. Try Studio Growth for a free trial. You can also find many fitness templates that include all the apps you will need.
Wedding Planner
Wedding planner business is amongst the most lucrative small businesses that can be started with a low investment. You can hire a team to help you run this business. You can also host speed dating events to help your clients find the right match for their needs. start planning and executing weddings for business corporations and individuals. This will help you in establishing your brand name. You can start this business with an investment of Rs10,000 or less.
When considering these business ideas, remember to conduct market research and assess local demand to ensure that your business aligns with the needs and preferences of the Indian population. Additionally, consult with company registration consultants to navigate the legal aspects of registering your business efficiently and in compliance with Indian regulations.
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