Why Small business
The COVID-19 pandemic has spoiled the lives of people around the world, and starting a new business may unseemly for many at a time of crisis. However, we only want to turn the pages of history to know how General Motors, IBM, Disney, HP, and many more companies started after the Wall Street Crash and the Great Depression that followed.
What are the best profit-making small businesses?
The popularity of home bakers has been on the rise for some time now, and the industry is growing rapidly during epidemics while staying at home.
A home bakery can be set up with an investment of at least Rs 15,000-20,000 (if you have an oven) and you will need the ingredients, baking dishes, mixers, whiskers, tins, pans, etc. You plan to create.
You can start a small business by baking cakes, pastries, chocolates, patty, and order at a takeaway or doorstep delivery service.
Whether it is the season of festivals, weddings, ceremonies, or a small gathering, gift-giving is a part of every culture and thus a lucrative business. With changing lifestyles and adequate disposable income, people want to greet their neighbors in customized, easy-to-carry, and premium gift baskets.
The gift basket business does not require a large investment, but a lot of creativity and a few design materials. You can start this business with a capital of Rs.10,000 to Rs.20,000 and attract customers by setting up shop on social sites, online sites, and orally.
From making pottery, home decor, wall hangings, glass handicrafts, and sculptures, India is a vast market for handicrafts and you can start a small handicraft business from home with an investment of less than Rs 20,000. All you have to do is plan a craft theme around your passion, collect raw materials and start creating.
You can build your customers through social media platforms, word of mouth, and by starting online stores.
Starting a personalized gift business is a lucrative idea that is gaining popularity as a personal contact. The personalized gift market is very competitive, and you need to plan the business better.
The biggest benefit is that you can choose your focus or introduce a completely new experience by offering customers something unique and touching to match their feelings.
To kickstart, you need a capital of Rs 10,000-20,000 to buy raw materials.
Jewelry is the wondering point of a woman’s outfit. Wherever you go, you will find jewelry in a variety of designs to match the wearer’s beauty, so this industry has tremendous potential to cater to players of all sizes – from organized to unorganized.
Types of jewelry vary by region. While West Bengal takes pride in Kalamkari design, you will find that temple jewelry is more important in South India and Kundan jewelry in Rajasthan and Gujarat – beads, handmade, vintage, and other types of jewelry designs.
With Easy Trade, you can find every design across the length and breadth of the country, and by reselling jewelry you can invest up to Rs 15,000-20,000 in small quantities.
Coronavirus infection has spurred the demand for masks, which were stored even in the early months of being locked. To cater to the increasing demand, Indian business entrepreneurs highlighted their business activities to produce masks. New players also entered the market and served a huge amount of growing demand.
To see, since March 2020, the market is now overflowing with mask manufacturers and the market is still growing. You can also set up a mask handling business that requires a capital of Rs 10,000 to Rs 20,000.
Homemade candles and decorative lamps add an indoor oomph factor. These low-cost and high-demand products stay in the market have good business potential.
Initially, you can start small by dealing with handmade candles that you can make at home. You can get candles and decorative lamps from factories to resell under your label. An investment of at least Rs. 10,000 is required to start a candle / decorative lighting business.
Thin, crispy papad is a common accompaniment to food all over India, which means the demand is endless. The production process is much simpler once the basic ingredients like wheat flour, spices, and oil are available. However, this would mean a higher investment cost.
If you want to start a resale business in Papad, you can invest Rs 5,000-10,000 to sell in retail stores or online. Depending on the variety of pops you want to deal with, the profit margin is relatively competitive in the industry.
In every home, you will find pickles that occupy the kitchen shelves. This traditional food item is very popular and is a common supplement with food not only in India but globally.
You can start a small pickle business at home with an investment of at least Rs 10,000-15,000 based on the right quality ingredients.
The high-demand product used by millions of people daily, if you plan to engage in this segment, has the greatest potential for the organic soap industry. It’s easy to start a small business, with a minimum investment of Rs. 10,000-15,000, based on resale soaps, give your brand name and sell consumer goods if you have all the certifications and records required for OEM.