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Contrary to popular belief, there are actually many ways to start a business that let you focus less on the logistics and upfront costs and more on getting started.
Best Business Ideas In India With Low Investment
These low-investment small business ideas make a great entry point for beginners, startups, or anyone with a busy schedule and allow you to take on a side business without having to drop everything else.
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You still need to come up with a solid idea, build a brand, put effort into marketing and provide excellent customer service. But there are ways you can bypass many traditional startup costs, such as startup inventory, warehouse space, and retail space.
To help you find the inspiration to get started, we’ve compiled a list of over 100 in-demand business ideas, divided into categories such as fitness, clothing and gaming.
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List Of Best 24 Businesses In Hyderabad To Start In 2023
Wondering what is a good business to start in 2021? Explore this list of business ideas that you can start making money with this year:
Buy stock, store it, pick it, pack it, ship it. Managing inventory is a big commitment when you run a business.
Dropshipping is an easy business to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It is one of the best businesses to start because it is low overhead, hands-free and scalable.
You don’t need to handle any products yourself—you just need to make the sales and pass orders to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
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You can store products from one or more suppliers into your own online store under a theme that focuses on a specific niche, such as gear for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for your own marketing and customer service.
There are both local and foreign suppliers that you can work with as long as you can establish a relationship with them based on trust—an unreliable supplier will reflect poorly on your brand.
Dropshipping is a low-investment way to test product market fit and launch a business before you invest in your own original products. Just be sure to always order a sample for yourself to ensure that your supplier is reliable and that the quality of the products is suitable to sell to your customers.
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Another dropshipping model, print-on-demand puts inventory, shipping and fulfillment in the hands of a third-party supplier. But unlike the dropshipping idea above, the focus here is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, tote bags and more become canvases for your creativity. You can come up with witty slogans for developers or references that resonate with cat owners – if there’s passion and pride within a community, there’s a potential t-shirt business you can start.
Even if you’re not a designer, you can find one to work with using freelance sites like Fiverr, Upwork, Dribbble, or 99Designs.
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With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than if you ordered in bulk. But the upside is that if a certain shirt design doesn’t sell, you still haven’t paid for the item (just the design if you outsourced it).
You can even use t-shirt models so you don’t need to spend money on a full photo shoot for each new design.
There are a variety of print platforms you can work with, many of which can be integrated with your store for endless order fulfillment. However, be sure to always order a sample of your product (often offered at a discount) to make sure your custom products look good.
A book is just another kind of product when you think about it. As such, you can create one to serve a particular demand in the market.
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Cookbooks, picture books, comic books, poetry books, photo books, coffee table books, novels, and even e-books—if you have the knowledge or creativity, there are a variety of original books you can bring to market. The options are endless – that’s why it’s one of the best businesses to start.
Print-on-demand publishing is a relatively safe way to test the waters and get started with self-publishing. It also gives you control over the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your own books as physical and digital products. You could also sell it on third-party marketplaces like Amazon or Powell’s.
While you can order one book at a time, costs naturally decrease when you buy in bulk. Consider pre-selling or crowdfunding your book idea to make sure there is demand, and guarantee a certain number of sales so you can feel confident placing a bulk order.
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Launching your own book can be a great way to monetize a blog if you have or are looking to start one.
Digital products like music, courses and templates are unique in this list of small business ideas. Unlike the others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your margins can stay high, making it another hassle-free way to start the best businesses.
The trick is figuring out what makes a good digital product. What is useful enough that people are willing to pay to download it?
The answers range from original instrumental beats to stock photos that can be licensed to other creators to information products and templates that help people improve their skills in a particular field.
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If you have a talent that can be turned into a digital product, think about packaging it into a new stream of income.
Has a free Digital Downloads app that lets you offer digital products in your store just as easily as physical products.
If you’re artistically inclined or know your way around a camera, you can submit a user print-on-demand business model to let others physically own a piece of your work. Just make sure you have the rights to the content you want to print or use public assets that you can freely monetize.
If you already have an engaged online following—say, you’re a cartoonist or urban photographer—you’re in an especially good position to try this small business idea.
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Depending on the printer you work with, you can turn your work into products like posters or framed wall art, even greeting cards. There are many digital templates and mockup generators like Placeit that you can use to showcase your products without having to print each item and take your own photos.
In our free 40-minute video workshop, we’ll take you from a product idea, to setting up an online store, to getting your first print-after-sale.
Having a mission to partner with business, and set aside some profit for a cause, gives social entrepreneurs a unique way to position their company in the market while addressing the issues they care about most.
While many social enterprises offer their own original products, you can also take any of the small business ideas above and partner with a non-profit or implement that social good with your own hands, as long as you are transparent about how it works.
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As part of your marketing, you can share the impact your customers have by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
The Give & Grow program makes it easy to partner with charitable organizations and integrate your mission into your business. You can set it up to donate a specific amount or percentage of a sale, or ask your customers to add a donation at checkout.
Offering services is not passive, but it can certainly be a profitable way to gain self-employment. With service-based small business ideas, “time” is your inventory and your biggest investment. You only have a limited supply of hours in your day. However, this makes it easier to get started if you have the skills required.
Writers, graphic designers, virtual assistants, SEO consultants, cleaning service providers, dog walkers, real estate agents and more can build a business around their skills.
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It is one of the best business opportunities because it can be expanded with any of the other ideas above to create additional income through “production” services through physical or digital goods.
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