Top 12 Small Business Ideas in India for the New Age Entrepreneur
Small Business Ideas in India – Setting up a new business in the post-COVID world is not an easy task, especially in India. However, if you look at the scenario in a positive sense, you would see that a lot of new opportunities have popped up in the online business world. So, in a way, the time is perfect to step foot in the business world for the new age Indian entrepreneur.
In order to pick the right idea for your next small business venture in India, you must consider the following aspects:
- Don’t begin with just anything – always make your passions and interests your “business”. That will make work seem like play.
- Carry out a thorough market research to check for competition and your scope of being successful. Refrain from entering into a highly saturated market.
- Double check the demand of products and services that you are thinking to offer. Things go out of fashion in the blink of an eye.
Here are a few business ideas for the new age entrepreneur in India
- Yoga & Meditation Studios
People, these days, are stressed out all the time. With so many expectations from life, over-indulgence in the rat race and the futile attempts of trying to satisfy each artificial need keeps people exhausted and dissatisfied. Add to this the frustration brought on by isolation and lockdown during the coronavirus pandemic.
Therefore, the present time is perhaps the best opportunity to bring people out of their physical and mental ruts through yoga and meditation studios. Besides setting up your own yoga studio, you can also consider becoming a yoga and meditation instructor or opening up an ecommerce store that deals with supplies for the same.
2) Digital Marketing
With almost all businesses going online, there is a huge demand for both fresher and experienced digital marketers. Here, you can set up your own business or even work as a freelancer from the comfort of your home. In either case, you must first complete a digital marketing course that will teach
you all the skills required to succeed in the current industry. Once you have gained the necessary skills in just 3-6 months, you can remain your boss lifelong!
3) Virtual Reality
Virtual Reality is the next big thing and the market is still in its initial stages. No, you are not required to have any sort of technical knowledge to begin in this highly promising field.
Even if you just have the passion to write about new and emerging virtual reality (VR) technologies, you can set up a blog and make some considerable amount of money through affiliate marketing.
4) Good Quality Pet Food Business
Many people in India are now adopting pets of all breeds. However, despite the huge rise in pet adoption, only a handful of companies are operating in the pet food business, resulting in monopoly of major players. Therefore, you can start off with just one or two types of good quality pet food with proven nutritional values. This way your customer will get the best and other manufacturers will also be pushed to improve their products.
5) E-commerce store
Budget problems are always there while setting up a new store. Thankfully though setting up an online store is always easy, affordable and highly convenient. There are many apps and plugins which can help you set up your new business online, but you should first learn to use them in the best way possible. For this, you can also consider taking up a short E-commerce marketing course.
Once you become comfortable with creating new listings, adding product pictures, payment gateways and cashback offers to your store, you are likely to enjoy huge sales and profit.
6) YouTube Channel
Have you found a new field of passion or interest? Or are you looking to interact with people through your existing knowledge and skill sets? In either case, popular video-streaming platform YouTube can come to your aid.
To further boost your chances of opening up a viral YouTube channel and have an edge over your competitors, why not first take up a course in YouTube marketing? Once you have all the tips and tricks that lead to the making of great video content, you are bound to be successful.
7) Website Rentals
Designing a new website from the scratch is an old way of making money. In the new way, developers create several websites for a particular niche in one go. They then rent it out to businesses, which pay monthly or quarterly for its use. This income method has been slowly gaining importance in India, making it a good startup prospect for new age entrepreneurs.
8) Make a local grocery delivery app
Every person needs groceries and there are, in fact, a few apps that deliver groceries at home. The concern that users generally face with these established players is the delivery time. Although they promise to deliver the groceries the same day, they usually fall short of their promise, disappointing many customers.
You can set up your own grocery delivery service and begin from a single city only for the time being. Once you begin to grow, you can slowly and steadily expand your grocery delivery business to other cities.
9) Consultancy
Although a consultancy business is a traditional profession, it still remains one of the top business ideas even to this day. Moreover, the business is not limited to any particular profession – you can offer consultancy services in any field, namely accountancy, law, management, human resources, finance,
engineering, digital marketing, etc.
10) Dating sites
There was a sudden boom of many local and international dating sites a few years ago. However, the market is witnessing a phase of stagnation with no major additions to it of late.
Since the stigma around online dating has decreased in the past 5 years, now is the perfect time to come up with an innovative idea and a user-friendly dating app.
11) Skin and environment-friendly beauty products
Because of the rising concern of harmful chemicals in beauty and cosmetic products, many women are now resorting to chemical-free or herbal beauty products. There is still a lot of scope for many businessmen to make a name for themselves in this high-potential market.
You can first begin with a single product say a lip gloss or an eye-liner. Once you begin to generate more revenue and cement your place in the market, you can introduce new range of products and take your startup to the next level.
12) Social media for buying and selling
Social media is a great marketplace to promote, buy, sell and exchange products/services, regardless of the niche. You can run paid ads for a very small budget and promote products every day. This way you’ll keep getting new leads and customers for your business.
Facebook, Instagram, Twitter, YouTube and even Whatsapp are great places to sell your products and services to the right buyer. For beginners though, marketing products on social media can be a little tough. We recommend completing a short course in social media marketing first so that you can
learn about the ideal ways that can help you make decent money and reputation.
Conclusion
So there you have the list of top 12 small business ideas for upcoming entrepreneurs. Setting up a new business brings its own set of challenges for individuals. However, making the best use of resources available at hand and not loosing motivation on initial failures is what holds the key to success.
Through CIIM’s digital marketing courses, you can learn to market your products and services with the utmost comfort and ease. So contact us today itself and schedule a FREE trial class right away. We wish you the best of luck for your ambitious business venture!
