In order to start a business, it is not only necessary to have ideas but also to implement those ideas. However, some aspiring founders are often seen struggling with ideas and investments before entering the business. Even if you have many ideas, but sometimes it happens that those ideas do not get proper direction and you change your plan. This is the time when people struggle to find a balance.
Starting a business requires a lot of determination and confidence, but you need to be very clear about your business idea before you step into the entrepreneurial field. Here is a list of 20 profitable business ideas that you can start with a low investment.
Pickles
Pickles are a traditional food in India and are extremely popular here. You will definitely find at least one type of pickle in every Indian household. Thus, if you want to start a small startup, the pickle business is a safe and easy option. Apart from the Indian market, Indian pickles are in great demand in foreign countries also. You can start this business at home with a small capital of around Rs. 20,000-25,000.
Papad
Papad is a crispy food that can either be fried or roasted. Papad can be seen with most Indian dishes. Papad is mandatory in many occasions, festivals and parties, which means that its demand is always high. This requires basic ingredients such as wheat flour, spices, and oil. Its manufacturing process is relatively simple. The large-scale papad manufacturing industry is highly competitive, but entrepreneurs can start with a small investment of around Rs 30,000 to Rs 40,000 and sell to local department stores. Entrepreneurs can also use flour made from dal, chole, rice, tapioca etc., so that they can offer something different from others.
Noodles
Noodles, especially early prepared noodles, are a popular snack in India in rural and urban markets. The process of making noodles is simple and requires basic ingredients like wheat flour, salt, sugar, starch, spices, vegetable oil etc. Semi-automatic and fully automatic noodle making machines are available in the market. The process of making noodles involves mixing flour, starch, and sodium bicarbonate, flour, and preparing it by machine. Noodles can be cut into shapes and sizes as per your liking. Also they are dried and packed. Low capacity noodle making machines cost more than Rs 40,000, while premium ones cost more than Rs 1.5 lakh.
Ice cream cones
Everyone loves ice cream. Ice cream is one of the most popular desserts today. Demand for ice cream cones has also increased due to increasing consumption of ice cream. So, if you want to start from something small, this idea can be a good profitable business. You can start an ice cream cone manufacturing unit in a small space by investing around Rs 1 lakh to Rs 1.5 lakh. However, if you want to work on a large scale with high capacity machinery, the investment cost goes up a bit.
Handmade chocolates
When it comes to chocolate consumption, India tops this chart. Chocolate is always a mood lifter and stress buster item. According to Mintel, sales of chocolate confectionery in retail markets in India increased by 13 percent between 2015 and 2016. So, if you want to start your own business and you have no idea, making chocolate can be a lucrative opportunity. An estimated capital of Rs. 40,000 to 50,000 will be required to purchase raw materials and packaging. However, if you want to deploy machinery for mass production, the cost can increase from Rs 2 lakh to Rs 3 lakh. Mixing, cooking and cooling equipment will make your volume production easier. It is important to choose the right equipment to fit the scale of your operation.
Handmade candles
Candles are always in demand, so it is a very popular business option. The traditional demand for candles comes from both religious or decorative purposes. During festivals, the demand is very high. In addition, there is a growing demand for scented and therapeutic candles with many restaurants, homes and hotels these days, so that they can create a special atmosphere with these candles. The business of making candles can be started from home with a low investment of around Rs. 20,000-30,000. The raw materials used to start a business include wax, wick, mold, thread, essential oil etc. In addition to the major raw materials, you also need some candle making tools. This includes a melting pot, thermometer, wax collecting pot, weighting scale, hammer and an oven (for melting wax).
Incense sticks
Agarbatti is used in most Indian homes and its popularity and demand increases during the festival season. Due to the growing popularity of meditation in other countries and the associated use of incense sticks, their export has also increased. For small scale manufacture of agarbatti, one has to buy sandalwood, jasmine, rose, champa etc. fragrant bamboo sticks and essential oil from the market. The sticks are coated with oil, and dried. Automatic and semi-automatic incense sticks making machines costing up to Rs. 50,000 can be used for bulk production.
Organic soap
Organic soap is a really good market if you want to start with a small business. It is a high demand product used by billions of people every day. To start a small herbal soap business you need raw materials like glycerin, herbs, essential oils, molds, microwaves, etc. Scaled production requires an investment of about Rs 1.5 lakh to Rs 2 lakh. You can start a business at home or rent a separate small space. Various government courses are also available if you want to learn the process of making soap.
Coconut hair oil
People are becoming conscious for the use of natural products these days. People do not hesitate to pay more on quality products especially when it comes to health and beauty. So, starting a coconut hair oil unit can be a good small business idea. This low cost business idea requires an estimated investment of Rs. 1 lakh.
Buttons
Buttons are one of the most essential trimmings used in the garment industry and there is great potential in the market for this. From plastic to fabric and steel buttons, there are many categories in this space, which you can choose according to your choice. You can start it by renting or from your home with a basic investment of around Rs 30,000-40,000.
Designer lace
Lace is commonly used in clothing and for craft work. It is a traditional form of business which can be easily started at home. With the emerging fashion trend, the demand for different types of lace has increased. Lace is also exported to different countries, so it is a good choice for those who want to start small. Lace can be designed manually. However it is up to you whether you want to increase the scale of your operations. If so, lace design can also be done through bobby machines or fully computerized machines. You can start this business with a small investment of around Rs 25,000-50,000.
Shoe laces
India is the second largest producer of footwear after China. Shoes made can be placed separately in categories like sports, formal, casual and others. The demand for shoe laces is very high, and making these laces has become an attractive small business idea. The shoelace is made by weaving the band and the eaglet (the metal tip of the lace). Simple, woven bands are usually made of cotton, polyester, nylon, polypropylene, etc., and eaglet is made of plastic. In addition to materials for lace and eaglet, shoe lace braiding machines are also required. They can weave several meters of lace per minute, after which acetone can be used to knit the woven band. Depending on the type of machinery you want to deploy, you can start this business with a small investment of around Rs. 25,000.
Cotton buds
The market for cotton buds has grown rapidly in India. This market is being driven by the per capita expenditure of consumers, increasing awareness of hygiene, growing population etc. Small manufacturers of cotton buds require a spindle / stick, absorbent material i.e. cotton and product packaging. After which the raw material goes to the automatic cotton bud-making machines. Many machines also do product packaging. Machines are available according to the entrepreneur's quality and production requirements. The business of Cotton buds manufacturing can be started with an investment of Rs. 25,000-40,000.
Paper making
Manufacturing paper is a low cost business idea. Paper is used everywhere. From schools and colleges to offices and large corporates, the use of paper is fixed. Even though the world being digital, the demand for paper products is increasing. The paper making industry has a lot of scope for expansion. However, you need to be careful in choosing a manufacturing location to avoid high transportation costs. You need about Rs. 2 lakhs-2.5 lakhs to get the raw material to start the machinery and start the business.
Disposable plates and cups
Disposable food plates and cups are widely used during events, functions, picnics, etc. They are also widely used by street vendors and hawkers. If these cups and plates are made of paper, then it may be emerged as an alternative to plastic, steel, glass etc. To make paper plates and cups, paper can be purchased at lower rates from local scrap shops. The major part of the investment is purchasing disposable plate making machines.
Envelopes and files
Although communication is digital, paper envelopes and files are in great demand in schools, colleges, corporates, etc. Depending on the needs of the buyers, different types of paper, such as metallitho paper or scrap paper, can be used. Gum and glue also have to be bought from the market. Envelope making machines cost between Rs 1.5 lakh and Rs 11 lakh. Paper is inserted into these machines. Then it is cut into specific sizes. After the gum is applied, the ready envelope is dried and then sent for packaging. These products can be sold in department stores, supermarkets, or directly in schools, colleges, and corporate offices.
Paper bags
Eco-friendly bags and packaging are becoming popular as people realize how harmful non-biodegradable plastic bags are to the environment. Paper bags can be used to pack shopping items, foods, medical items, jewelry and much more. Making paper bags can be started on a small scale with low investment. Automatic or semi-automatic paper bag making machines needs to be purchased. Also raw materials like paper sheets, inks, printing chemicals, tags etc. needs an investment.
Jute bags
Jute bag manufacturing business is a good option in a world where the world is moving towards banning plastics. The process of production of jute bags is simple. Different types of bags are popular in the market and they can be used for many purposes. Starting this business requires a small capital investment of around Rs. 50,000 to Rs. 1 lakh. You can start it in a small space of about 500 square feet.
Staple pins
Staplers are widely used in schools, colleges, government institutions, offices and wherever work is done on paper. Staplers cannot work without stapler pins, and pins are usually made of white galvanized iron wire. Good quality iron should be used so that the pins are strong and long lasting. There are automatic staple pin making machines availabel, which simplify the production process and increase production capacity.
Tempered glass for smartphones
Despite the contraction of the global market, India's smartphone market is growing. According to International Data Corporation (IDC), the Indian market has seen shipments of 32 million units in Q1 2019. Smartphone accessories like tempered glass are in great demand. These are made in high temperature machines, where the glass is heated and then rapidly cooled. Tempered glass also has to pass hardness test, breaking test and dimension test. Tempered glass contains silicone, extra protection and glue. Glue, from which tempered glass is glued to smartphone screens, is a major component of manufacturing.
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