We believe that starting a business isn’t about coming up with ideas. It is all about making ideas a reality. However, before you join the hustle, potential startups frequently find themselves struggling – with investments and ideas.
You may have a lot of ideas in your head, but sometimes such ideas lack focus and you decide to change your plans. This is the time when most budding entrepreneurs try to strike a balance.
Starting a business requires a great deal of commitment and confidence, but you must be absolutely clear about your business idea before venturing into the entrepreneurial realm.
Today we will mention some of the best business ideas that can generate great profits with an investment as low as 20K. Also, you can check free business listing India to get more info about low investment businesses and how they operate.
1. Handmade candles
Candles are continuously in demand, making this a very popular business opportunity. Candles have traditionally been used for religious and decorative purposes. The demand is especially great during festivals. Aside from that, the demand for scented and therapeutic candles is increasing, with many restaurants, homes, and hotels utilizing them to create an atmosphere.
The candle-making business can be started from home with a small expenditure of around $20-30K.
Wax, wick, moulds, thread, scent oils, and other commodities were used to launch the firm. Aside from the basic raw materials, you’ll also need some candle-making tools. A weighing scale, hammer, and oven are all needed (to melt wax).
Pickles are a traditional and widely consumed cuisine in India. In every Indian home, there is at least one type of pickle. As a result, if you want to start small, a pickle business is a safe and simple choice.
Indian pickles are in high demand outside of the Indian market. You may start this business from home with a minimal investment of $20-30K.
3. Incense sticks (Agarbatti)
The market for Agarbatti (incense sticks) in India is expanding due to high demand both domestically and internationally. Agarbattis are used in most Indian homes and are in high demand throughout the festive season. Their exports have also increased as a result of the growing popularity of meditation in other countries, as well as the concomitant use of agarbattis.
Buying bamboo sticks and essential oils with aromas like sandalwood, jasmine, rose, and champa is the first step. The oils are applied to the sticks, which are then dried. For mass production, automatic and semi-automatic agarbatti-making machinery costing upwards of 50K can be used. When the sticks have been packaged and labeled, they are ready to be sold at local marketplaces.
Buttons are one of the most important clothing accessories and have a large market potential. There are different categories in this area that you can choose depending on your business, ranging from plastic to cloth and steel buttons.
You can either rent out a space or start at home with a basic investment of approximately 30-40K.
5. Designer lace
Lace is often utilized in clothing and craft projects. It is a typical type of business that can be started from home. The need for various types of laces has increased as a result of rising fashion trends. Laces are also exported to a variety of nations, making this a fantastic alternative for individuals looking to start modestly.
After deciding on the scale of operations, laces can be designed manually, using bobby machines, or with fully computerized machines. This business can be started with a small investment of roughly 25-30K.
6. Shoe laces
India is the world’s second-largest footwear producer. The shoes produced in the country can be classified as sports, formal, casual, and others. The need for shoelaces is also high, and making shoelaces has become a profitable small business concept.
In order to make shoelaces, we weave an aglet (the hardened end of the lace). The simple, woven band is typically composed of cotton, polyester, nylon, polypropylene, and other materials, while the aglet is made of plastic.
Aside from the lace and aglet material, shoe lace braiding machines are also necessary. They may weave several metres of lace per minute before applying acetone to the weaved band. This business can be started with a minor expenditure of around Rs 25K, depending on the type of machinery you wish to use.
7. Ice cream cones
Everyone shouts for ice cream, which is one of today’s most popular treats. The growing popularity of ice cream has resulted in an increase in the demand for ice cream cones. As a result, if you wish to start small, this could be a rewarding business venture. With an investment of about 1-2 Lacs, you can establish an ice cream cone production machine in a modest space.
However, higher scale operations with high-capacity gear increase the investment cost.
8. Handmade chocolates
When it comes to chocolate eating, India ranks first. Chocolate, sweet or bitter, is a stress reliever. According to Mintel, retail sales of chocolate confectionary in India increased by 13% between 2015 and 2016. As a result, if you want to start a business but don’t know what to do, making chocolate can be a lucrative possibility.
To begin, you must create a product line. To purchase raw ingredients and packaging, an estimated capital of 40-50K will be required.
However, if you want to deploy a piece of gear on a wider scale, the cost may grow to 2-3Lacs. Mixing, frying, and cooling equipment will make volume production easier. Choose the appropriate equipment for the size of your organization.
9. Cotton buds
The cotton-buds market is being driven by rising consumer per capita expenditure, increased hygiene consciousness, rising population, and so on. Small manufacturers of cotton buds must source the spindle/stick, absorbent substance (cotton), and product packaging.
The raw material is subsequently fed into mechanized cotton bud-making machines, many of which also package the finished product. The machines are provided based on the entrepreneur’s quality and production needs.
This business can be easily started with an investment of 20-40K.
10. Paper bags
People are becoming more aware of how destructive non-biodegradable plastic bags are to the environment, thus they are opting for eco-friendly bags and packaging made of paper. Paper bags can be used to pack groceries, food, medical supplies, jewelry, and other objects.
Paper bag manufacturing can be established on a small scale with little cost. Automatic paper bag-making machines cost around 5 lacs and can produce thousands of bags each hour. Semi-automatic devices are also available for less than 3 lacs, but they require more manual labor.
Entrepreneurs must also invest in the acquisition of raw supplies such as paper sheets, ink, printing chemicals, tags, and so on.
Why you should consider Free Business Listings?
Now another important aspect which you should consider before opening a low investment business is checking on the free business listings. Here you can find thousands of other business owners who have listed their business and therefore you can contact them to learn more about their business. Also, you can list your website for free and attain more reach.
Best Free Business Listing India Websites
Now we will give you a bunch of Free Business Listing Websites for India where you can list your website to attain more reach.
- List My Business India