36 Best Small Business Ideas in India for 2020, Best Business in India

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It is owned by the Ministry of Petroleum and Natural Gas and the Government of India. Its operations are overseen by the Ministry of Petroleum and Natural Gas. In November 2010, the Indian government granted ONGC Maharatna status.

  • According to projections, the organic food industry will expand by 25 percent – 30 percent by 2020, giving you even more incentive to explore the best business to start in India.
  • This could be one of the good manufacturing business under 1 Lakh.
  • The food industry is undoubtedly the most profitable business line.
  • With excellent prospects in both the Indian and international markets, setting up the best startup ideas in these sectors is sure to reap good results in 2020.

At present, the companies are ready to spend the money to market the products through different social media channels and campaigns. If you are interested in photography and videography, this is one of the best business ideas for you. You can even tie up with established brands to increase capacity and profits. The higher the qualitative engagement you can provide, the more profitable your travel business will be. These small businesses have gained popularity and attracted a huge customer base through social media and Instagram stores. Due to these features, the clothes cost comparatively much more than the bulk manufactured fast fashion.

MSME Business learning and articals

So, to add some brownie points to the social responsibility line, you can initiate with the Cleaning Service Business just like a Rags tag team, Dirt Devils. Thereby adding value to your business profile and the society. The main reason why there are many scrap dealers who fail to succeed is because they didn’t plan properly. Major points to consider are legal, tax, infrastructure, labor and business, and marketing.

You may need to rent or buy heavy equipment or purchase material in bulk. A solid business plan can outline your assets and make the case for your new construction company to access funding from investment sources. This is a business with high investments that can provide higher outcomes. If you are a night person and love music and dance, you can make others groove by starting a nightclub.

Start exclusive plant nurseries

If you’re looking for the best high profit margin small businesses, you’ll love this article. Read the best of business ideas, tips for small businesses, the latest update on technology & more by OkCredit. Currently, bloggers, website developers, and graphic designers are in high demand in India. But to become part of a gig economy, you don’t even need to have these skills. In order to start your own company without spending a lot of money, this will give you valuable on-ground experience.

  • May suggest on dehydrated vegetable or any other business below investment of 50 lac.
  • Photographers are in huge demand for several events like product photography, corporate luncheons, seminars, pre-wedding, baby shower shoots, etc.
  • If you have a product or service with some marketing knowledge you can sell it online on Facebook and make money out of it.
  • Domain Flipping is the business of buying a domain at a lower cost and selling it at a profitable amount.

The businesses which are flourishing currently in India, among them one of them can be your desired choice. You will find the answer to which business is most profitable in India. Hence, if you can procure the required budget, you can set up a diagnostic center from scratch or buy the franchise of an already established brand.

How to start a retail business in India?

The investment required to start this business depends mainly on the labor cost as the material used for making these jewelry have low pricing expect for the expensive metals. You must seek at least 30% from any of the jewelry after paying all the overheads and that is the minimum profit margin for any custom jewelry. Young people are making a huge difference in the world of business with their entrepreneurial skills and leadership qualities. And it is not always about having large multinational companies rather it is all about the innovative and unique ideas that are making the difference. Small scale business which might have started from the godown or the store room at the back side of the house is now of the most prominent one shaking the share market every day.

high margin business in india

Numerous food truck owners are selling mouth-watering street dosa, Pizza, or Chinese foods. The food truck is your solution to start a business with low investment. People always assume that starting a business requires a lot of money, https://1investing.in/ but that’s not true. With a very small investment, you can still start your company. Check out some high-margin small businesses in India which you can start with a very small budget and which can turn profitable very quickly.

Top 10 Best Agriculture Companies in India 2022

Here is a list of some of the top manufacturing business ideas that can be initiated with low investments and are expected to fetch high profits. One should review the pros and cons of each and every business idea, place of business and than take a call about starting such manufacturing business. Today, you can also teach online thanks to video platforms like Zoom and Google Meet, making online coaching a highly profitable business opportunity. The pandemic has helped coaching centers earn huge profits, by transitioning to teaching online thereby cutting down on the time and fuel expenses taken to commute.

  • Today, if you have a functional laptop, a stable internet connection, and a good quality camera, you can start your internet business immediately.
  • So, the manufacturing of garment is a very productive business.
  • This is one of the zero investment and most profitable businesses in India right now.
  • Now, all the businesses that were flourishing have come to a standstill with the imposed lockdown.

Fashion and lifestyle today are one of the most money-making businesses. If you are a housewife or want to earn some extra income, then you can start tailoring services at home. All you need to have is a sewing machine and some writing a research report ppt fashion sense. For the ones, who are interested to start a real estate related business, then there are lot of options. Building and selling requires a very big amount of capital, but the returns can be also very high.

Most Profitable Small Businesses

It is a simple business that can lend you a lot of revenue without much effort. A weblog which is also called a blog is maintained by a blogger to give out information about a subject. Blogging has gained momentum nowadays as it helps generate traffic and there is demand for bloggers in the market. Therefore, this can turn into an amazing online business in today’s time.

Legal Process of Starting a Small Business in India:

People want to present their products or occasion in the best possible manner. Therefore a photographer needs a good camera, lens, and other photography equipment like a tripod as a basic investment. You can always get a personal loan for business if you find them expensive. Scrunchies, phone cases, jewellery, watches, and wallets, so many products can bring revenue to this business.

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