The huge population and so much financial activity mean more business opportunities. All you need to have a list of business ideas that can work well in cities like Mumbai and sort out the best option for you.
Do you have the patience of one year to learn new skills?
Yes? Go ahead and read the complete post.
No? Not an issue. Find someone else who can make you rich quickly without working hard on your skills.
We have analyzed good small business ideas which can be started with very low investment. Here is the list of business ideas.
Here in this article, I am going to list some of the best small business ideas that suit best in the economy. Check out the list and find your own opportunity:
- Insurance agent: Insurance agent is another old business. However people still give a lot of preference for insurance, hence this business idea is not going to get killed in the near future. There are ways to be successful as an insurance agent. This is one of the top business ideas for housewives. Since it can be started from anywhere, it is one of the good home based business ideas. One of the best small business ideas for men.
- Increasing Investment: The recent rise in digital literacy has led to an influx of investment in e-commerce firms, leveling the market for new players to set up their base, while churning out innovative patterns to disrupt old functioning.
- Comedy Club: Comedy videos become viral very easily. There are a couple of standup comedians like Kapil Sharma and Amit Tandon who have become a celebrity now. The young talent is waiting for their turn. There are thousands of comedians who are looking out for a channel to show their talent. You can help them by building a comedy club online.
- SEO consultant: Search engine optimization consultant. Have you heard of this? There are several blogs or websites which are getting created every day. However how many are sustaining. More than 80% of them are getting buried within a few months. This is due to lack of knowledge on how to market the blog and improve the rankings. Learning the SEO would take 1 to 3 months time frame, but there are enormous opportunities once you have become an expert in SEO.
- Fan club of a particular cricketer: Cricket works very well just like the entertainment industry. You pick your favorite player and make a fan club about him. Read the details of businesses to get more inspiration.
- Wedding planner: This is also one among the fast growing small business ideas. Good networking skills and skills on making things happen are required to be successful in this business. This is trending in India now, hence this is one of the best business in India.
- Blogging: Starting your own blog on anything that interests you most is not just a hobby, but a lucrative business opportunity. This small business idea would cost you very low investment or you can even create a blog /website for free. However, you need to spend time every day or several hours a week to become successful in this business.
- Online Trading: Have you ever tried selling online? If not, you must explore the idea of selling online using the existing platforms like OLX etc.
- News and Trends: The name explains it all. Pick the latest cricket news, curate interesting facts around the news and become the next cricket news channel. You will get thousands of readers from Facebook (without spending any money on marketing).
- Business model: Since the industry is highly volatile and viral, you will get a lot of traffic from social media. Invest 80% of the time in building your Facebook page if you want to get success. The easiest way would be to earn money through display Ads. At a certain point, you will become an influencer and you can get partnerships with corporates and NGOs to sell the targeted products and services to your audience.
- Design for Startups: If you look closely at the startups, you will find one startup idea every day. I am suggesting you become a startup for startups. Finding a great design for website and app is the third biggest challenge for startups. Can you provide high-quality design (designers) to startups at an affordable cost?
- Coaching Center: Education today is tough and parents want their child to be educated in a competitive environment, so they need more than school. That’s whether re the coaching centers for school students and graduates bring a huge opportunity.
- Security Agency: You can open a security agency where you can provide security guards to offices, schools, and apartments. There are good opportunities, however, you need to fulfill the necessary legal requirements for this business.
- Hiring and Firing: We could save a lot of money by avoiding the hiring of a bad guy (who ran away after two months with our laptop). We caught him eventually but we wasted so much time in the chase. He was a designer. He was a bad hire. We should have fired him after first month only. But, it was our bad and it was proved that delayed firing is more dangerous than a bad hiring.
- Web/Mobile App Developer: If you’re a developer with the good know-how of web and mobile platforms development, you can either start selling your services or else make your own apps.