Best Successful Business Ideas Below 10 Lakhs: If you are interested in starting your own business, the first step is to figure out the type of business you want to start and how much money you have to invest in it. When people think about starting their own business, they usually think about investing huge amounts of money like thousands of rupees or even lakhs of rupees.
Best Successful Business Ideas Below 10 Lakhs
But here are ten ideas for you if you only have less than 10 lakhs to invest in your business idea, including as low as less than 1 lakhs to invest in your own business idea!
1) Freelancing Services
Freelancing services have gained popularity over time. Once upon a time, you had to work for an organization where you had to wait for ages for your increment, and then there was hardly any scope for growth as an employee. As per a recent survey, nearly 5 crore people in India are freelancers. Around 40% of them are earning more than Rs 10 lakh per annum, which shows that freelancers have many career options available these days.
If you want to join the workforce but cannot afford to work with big organizations, consider freelancing as an option. Here is a list of Top Ten business ideas under 10 lakhs that can be done as a Freelancer Content Writing: With websites like Quora, Medium, Reddit, etc., content writing is one of the most popular freelance jobs today. Just write interesting blogs or articles on topics related to your expertise and sell it online. You can easily earn around 30k-50k if you’re good at writing.
2) Product Creation
While there are tons of different models for product creation (including automated tools like Shopify’s) each business model has its own unique element that is worth highlighting. For example, web-based businesses allow for endless customizations but require a significant upfront investment (building a website). On the other hand, physical products can be built and sold quickly but don’t have as much room for customization and typically involve more startup costs.
Entrepreneurs need to consider both costs and benefits before deciding which type of business model to pursue. If you’re looking for startup costs under $10,000 that can help jumpstart your entrepreneurial journey we’ve compiled a list of 13 proven business ideas below! #1 Web Design & Development: Start by Building Your Own Website No matter what kind of business you want to start, having an online presence is vital.
But it doesn’t stop at simply having a website — if you want to succeed in today’s digital world, you’ll also need to build a mobile app or two (for iOS and Android), along with active social media profiles on Facebook, Twitter, Instagram, Pinterest, and others. Getting started on any one of these platforms will cost money — not necessarily upfront — but time and resources that may end up costing thousands over time depending on how large your audience grows.
3) Digital Marketing
Digital marketing is a catch-all term for all activities related to promoting your business using digital channels. If you don’t have any idea what that means, don’t worry. No one else does either! Digital marketing is still a new field, and there are hundreds of different ways to make it work for your company—and lots of ways to get it wrong. This post will run through some commonly used methods and hopefully give you an idea of what direction you should look in when considering new ways to market your business online.
To start with, here are three simple things every small business owner can do: Build a website – It doesn’t need to be anything fancy, but if you don’t have one already then building one is pretty much essential these days. The first thing people will do when they want to find out more about your business is search for it on Google (or whichever search engine they use).
And if they can’t find you, then that probably means no sales. That said, a professional website doesn’t need to cost thousands of dollars or take months of development time. You can create a great-looking site with easy-to-use web design software like WordPress and Squarespace (I recommend both), which usually cost less than $100 per year.
4) Starting an Online Store
Online stores are very popular business ideas for new entrepreneurs. This is because you don’t need to invest a lot of money upfront—in fact, most online store owners never invest more than $100 at any given time. Online stores also require less in terms of overhead costs and can be managed from anywhere with an Internet connection.
These factors make them particularly appealing to first-time entrepreneurs, who are often short on capital and wary of big expenditures like renting a storefront or buying equipment. Of course, even though starting an online store is relatively cheap compared to many other types of businesses, you’ll still want to start small until you get your bearings in order before making too many big financial commitments.
5) Building an App
Even if you have little technical expertise, there are a couple of ways to build a basic app. For free platforms like AppMachine, Xcode, and Android Studio that allow you to build an app without coding. Another option is creating your own website where users can download your finished app directly onto their phones. No upfront investment is required; instead, you earn from in-app advertising or user purchases through Apple’s App Store or Google Play. StartUpLift has great resources for those looking to create their own startup.
6) Opening a Spa or Salon
Running events is a great business idea because it’s easy to do and relatively inexpensive. Events can be as simple as hosting lectures on a specific topic or running an organized trivia night for people in your city. You could also consider event management; a lot of organizations would rather outsource their events than handle everything in-house.
So there are lots of opportunities to compete if you have a knack for planning. Check out Meetups near you to learn more about starting one in your area. And don’t forget to let us know how it goes! If you’re looking for other ideas, check out our list of other small business ideas under $10k.
7) Providing Home Delivery of Groceries
Grocery delivery is one of those things that sounds like a great idea, but if you’re running a business, it might not make as much sense. Not everyone is comfortable with a stranger in their home, and some people aren’t too keen on having a store employee hanging around their living room while they shop.
You’ll also have to factor in things like insurance liability and how you’ll make sure your products get safely into customers’ hands. While grocery delivery can be a good way to build brand loyalty, it probably isn’t something that will work well for startups because of its hefty cost and complicated logistics.
8) Event Management Company
When planning to organize a party, event, or meeting, can be cumbersome and tedious. It involves a lot of mundane tasks like designing flyers, coordinating with a guest list,s and so on. With Event Management Company, you are provided a hassle-free experience by taking care of all these tasks in just one go. Simply create an account with them and they will take care of everything.
You need not worry about anything else. This saves you a lot of time and effort which could have been otherwise used to organize everything yourself from scratch. In short, we can say that they eliminate human resource requirements from your side altogether which results in huge cost-cutting opportunities for you as well! Believe us; you cannot find any better business idea under Rs 10 lakhs than setting up an Event Management Company!
9) Advertising Agency
Dog and cat grooming services are a growing industry. Visit pet stores, breeders, and pet shows to see what’s in demand in your area. When people can’t care for their pets or don’t have time to walk them, they need someone else to do it. With equipment that costs between $5,000-$10,000 and additional start-up costs of around $2,500-$5,000 depending on your location (insurance requirements vary by state).
Dog grooming center could bring in more than $30 per hour—plus you won’t have a salary to pay! If you love animals and have experience with dogs, cats, birds, rabbits, hamsters, or other small mammals, you might be able to turn your passion into a profit.
10) Pet Care Center
Pet care businesses, such as grooming services, have a huge opportunity to grow. As India’s urbanization rate continues to climb, more and more pet owners are investing in their furry friends. If you love animals and have experience working with pets, you might want to consider opening your own pet care center in an area where dogs and cats abound. Think about whether you want to specialize in one or two types of animals (cats or dogs).
Or whether you’d like to offer a variety of services so that customers can come back again and again for all of their pet needs. For example, if you’re interested in dog walking, it’s also a good idea to invest in some doggy daycare packages. You could also offer boarding services for people who go on vacation but don’t want to leave their beloved pets behind. Remember, there is no shortage of demand for high-quality pet care centers—so get out there and start marketing!
Also Read: Part-Time Business Ideas For Students
You may not have thought about starting a business, but if you know where to look and how to act, there are a lot of great small business ideas you can start for less than $10,000. You don’t need to have access to an entrepreneur or have a background in business—you just need some insight into what’s going on around you and a clear idea of your strengths.
As long as you aren’t daunted by taking risks, getting started with one of these businesses is easier than ever. The most important thing is staying open-minded and learning along the way: Listen to people who’ve already taken that leap and never stop learning more about your passion, whether it be food trucks or flower shops.