Want to start a business but always find yourself at loose ends either because of budget or lack of ideas? You are at the right place then. Here are the top 7 small business ideas that you can start with less than Rs 50,000 thousand.
Don’t worry about the profit or ROI, if you are consistent and hard-working you will reap a plethora of benefits.
List Of Top 7 Small But Profitable Business Ideas For Newbies
1. Candle Making Startup
Scented candles have a huge demand all over the world but India tops the list because of its deep connection to faith and religion. This decent business idea can earn you up to 25 thousand per month provided you are aware of the right techniques.
Requirements:
• Melting pot
• Weighing scale
• Pour pot
• Thermometer
• Oven
• Wax
• Moulds
• Aroma oils
Expected Investment- Starts with as low as Rs 25,000 and can go up to Rs 1 Lacs depending upon the size of your business
Where to Sell- Itsy Bitsy
Also Read: Business Apps that will help to Execute Work Smoothly
2. Mushroom Farming
If you do not want to involve in a business that requires a team, mushroom farming is the best. You can handle everything alone. It is a growing business in India and costs less space and money. However, you have to be careful about the temperature as the mushroom grows in cold temperatures (24-25 degrees C).
Requirements–
• Spawns
• Dry substrate materials (2.2 kg per 1 kg of mushroom)
• Chemical disinfectants
• A room
Expected Budget- Under Rs 10,000
Read more about mushroom farming here.
3. Home Bakery
One of the best small business ideas is a bakery. You get a chance to experiment with flavors and earn at the same time. A bonus part of this start-up is that you don’t have to invest in branding. Simply use social media to gain customers.
Requirements–
• Baking equipment like a mixer, pans, cake décor accessories, spatulas, and more
• Storage equipment
• quality packaging materials
• Some good recipes
Expected Budget- Rs 15000-25,000
However, one needs FSSAI license to begin a bakery business in India.
4. Sell Art Online
A skillful person doesn’t need a space to start a business. If you are one of them, then your bedroom or garage can be the best place to start your art selling business. Various online platforms like Amazon, Etsy, ArtMo, and many more allow users to sell their creativity and make money.
Expected Investment– Less than Rs 10k
Requirements: Creativity, colors, and canvas
Also Read: Breaking Barriers: Bhopal’s First Women Entrepreneurs To Own A Cafe
5. Become A Dance Teacher
small business ideas list
If dance is your passion, convert it into a business. Teach dance online or start your YouTube channel. It’s easy, highly profitable, and doesn’t even require a dedicated space to teach kids. Soon you can enroll students across the globe in your online dance classes.
Also Read: Famous Indian Brands We Thought Were International
6. Handcraft Business
Consumers are now taking a keen interest in handmade products, opening wide opportunities for artisans. Jewelry making, customized gifts, handmade accessories, t-shirt making, home decor items are few great small profitable business ideas, to begin with.
Where to sell- Indie Cart, iCraft, Zibbet, Artfire, Amazon, etc
Expected Budget– up to Rs 1 Lacs
7. Online Tutor
If you have a zeal to learn and share knowledge, teaching is one of the great business ideas. It’s a blooming career and pandemic has given it the most-needed boost to support teachers.
Online education has also opened doors of opportunities for students. They can now pick teachers according to their preferences and decide as per their budget.
Best Platforms- TutorVista, TutorMe, Vedantu
Requirements– Subject knowledge and a good laptop
Expected Budget– zero excluding the cost of data pack
Also Read:How Prachi Patwardhan Started Her Own Online Jewellery Business
Dropshipping, online fashion boutiques, and food truck businesses are few more ways to step into the business world.