Small Business Ideas Low Investment High Profit – I know you want to be your own boss and you are searching for small business ideas with low investment and high-profit margin. Don’t worry here is a list of 50 Small Business Ideas that will help you in making a selection.
Starting up an own business is a dream seen by many but very few can peruse it and become a successful entrepreneur. It is mainly due to lack of capital. Most of the people believe that starting up business means investing a lot of money. However, it’s not true. There are multiple business options that require very low capital. I have compiled a list of 50 Small Business Ideas with low Investment and High profit.
For better understanding, I have divided business ideas in various categories. The categories are –
- #1 Unique or Creative business ideas
- #2 Best home based business ideas
- #3 Best part time business ideas
- #4 Best low-cost business ideas
- #5 Best online business ideas
- #6 Best Profitable business ideas
- #7 Big Investment business ideas
- #8 Retail Business Ideas
- #9 Manufacturing Business Ideas
- #10 Renting Business Ideas
50 Small Business Ideas Low Investment & High Profit
#1 Unique or Creative business ideas
- Digital Consultancy
The first unique or creative business idea is starting own digital consultancy. Digital Consultancy is a new concept where you need to give consultancy and guidance about digital-related projects. There are many small and medium business units looking for a digital consultant. If you have knowledge about upcoming digital technology and IoT you can open a digital consultancy.
- Smart Home Appliances
Manufacturing or supplying of smart home appliances is the next creative business idea in the list. In this business, you need to manufacture smart home appliances such as Smart TV, Smart Refrigerator, Oven, Smart Stove, Connected wall clock, Smart Air Conditioner etc. You can even do trading of these appliances.
- Diet Food Making
People are becoming health conscious and they are ready to spend money on diet food. The unique business idea associated with diet food is preparing and selling diet food. Few examples of diet food are ketogenic food, calorie controlled snack etc. You have to be good at making such food. You can also think of employing a cook.
- Vertical Gardening
Vertical Gardening is a very popular concept. In vertical gardening plants and flowers are grown vertically on the wall using a unique suspension system. Many small and medium companies including individuals prefer vertical gardening. If you have an inclination towards farming you can start this business.
Also Read – 120 Best Business Ideas that you can start in 2020
- Children Play/Adventure Area
Opening Children Play or adventure area is next in the list of creative business ideas. Children Play area is a place where children enjoy various games and amenities. This business requires a lot of investment and manpower. Profit margin associated with this business is also high.
#2 Best home based business ideas
- Tuition Class
Opening Tuition class is first in the list of best home based business ideas. It is a low-cost investment which can be started easily. This business idea demands good teaching skills and knowledge about the subject.
- Home Chocolate Business
Home Chocolate Business is next in the list of best home based business ideas. In this business, you need to make chocolates. You can sell these chocolates at small grocery shops or big shopping malls. At the initial stage, you need to work hard to establish this business.
- Tiffin Services
Starting tiffin services is a very viable home based business idea. Everyone needs food if you are good at cooking tasty food at a reasonable price you can start this business. You will need a good cook and person for delivering tiffin.
- Foreign Language Classes
Learning a foreign language such as French, English, Spanish is the latest trend. Students and working professional both opt for learning a foreign language. If you are an expert in a foreign language or hire an expert in this area you can start your own foreign language classes from home.
- MLM – Network Marketing
MLM or Network Marketing is one of the best home based business ideas. In this business, you need to sell the product and services of a network marketing company. You can earn a lot of money as a commission.
#3 Best part time business ideas
- Insurance Agent
Insurance Agent is best among part time business ideas. In this business, you need to sell insurance policies. You will earn commission on every policy. You should have good communication skill and convincing power to become successful in this business.
- Account and Record Keeping
Account and Record Keeping is next in the list of part-time business idea. You have to be finance and accounting expert in order to start this business. You need to keep the business record transaction. You will be responsible for reconciliation.
- Wedding Planner Services
Wedding Planner services is next on the list. In this business, you need to involve yourself in planning and arranging a complete wedding ceremony. To start this business, you should have competent staff with planning and execution skills.
- Home Cleaning Services
Home Cleaning Services is the next part time business idea. In this business, you need to provide home cleaning services to the client. You require a team of unskilled manpower to run this business. It is a profitable business with less investment.
- Real Estate Agent
Becoming a real estate agent is one of the best part-time business. As a real estate agent, you need to help customers in buying, selling or renting properties. You will get a commission on every transaction. It is a low investment, high return business.
Also Read – 225 Small Business Ideas with Low Investment in 2020
#4 Best low-cost business ideas
- Mobile Food Shop
Mobile Food Shop is one of the best food-based low-cost business ideas. A Mobile Food Shop is a vehicle equipped to cook and sell food. You can modify an old vehicle and use it as a mobile food shop. You have to serve tasty and healthy food. It is a promising business with a very good profit margin.
- Courier Shop
Courier Shop is next in the list of low-cost business ideas. Better shipping cost and timely delivery is a success mantra of this business. You can either start your own courier company or plan to take franchise of reputed company.
- Candle Making
Candle making is a low investment business idea. This business can be started from home. You can either buy readymade candle making machine or opt for manual candle making.
- Pickle Making
A Pickle making is home based low investment small business idea. This business can be started from home. You just need a skill of making pickle. A good packaging, advertisement, and marketing are key in order to succeed in this business.
- Home Repair Services
Home Repair Services is next in the list of small business ideas. Every home demands repair such as electrical, civil, plumbing etc. If you are from construction line you can start Home repair service business.
#5 Best online business ideas
Blogging is one of the best online business ideas. Blogging means sharing useful content online on website at regular interval. You need to purchase domain name and hosting space. You can make money by placing advertisement on your blog.
- YouTube Channel
Opening YouTube Channel is next in the list of best online business ideas. You can earn lot of money by YouTube Advertising. In this business, you need to make unique videos and upload it. Once your channel gains popularity you can apply for YouTube Channel program.
- Affiliate Marketing
Affiliate marketing is one of the most promising online business ideas. In this business, you need to promote other business and products. You can use social marketing platform or website for this.
- Product Selling on Social Media
Another online business idea is product selling on social media. If you have unused products you can open your own store on social networking sites. Facebook provides facility to create groups. A likeminded people can become group member and start selling products.
- Stock Market Trading
Stock market trading is one of the most profitable online business ideas. This business requires moderate capital. This business also demands knowledge and expertise of stock market.
#6 Best Profitable business ideas
Opening new restaurant is one of the best profitable business ideas. This business idea requires lot of investment. You also require competent chef and team of people to run restaurant business. You need to serve healthy and tasty food in low price to get quick success in restaurant business.
- Health Club
Health Club is next in the list of profitable business ideas. People have become health conscious and they prefer exercising in the health club. In order to open health club you require suitable place and equipment such as treadmill, weight pulling machine, dumbbells etc. You will also need competent gym instructor.
- Readymade Namkeen Shop
Readymade Namkeen Shop is one of the best profitable business ideas. In this business, you need to sell readymade namkeen. Most of the people in city opt for readymade food items for household usage. This makes readymade namkeen shop lucrative business option.
- IT Hardware Shop
IT Hardware shop is business idea for the people related to IT background. Every small or big organization requires IT setup. If you have expertise you can start IT hardware shop. At initial stage you need to place lot of efforts to start this business. It is profitable business option at long run.
- Travel Agency
Travel Agency is next business in the list. People across globe are fond of travelling and they are ready to spend extra money on travel. If you have geographical knowledge and able to establish relation with hotels for stay arrangement you can start this business. This business can be started online as well as offline.
Also Read – 30 Successful Small Business Ideas with Low Investment
#7 Big Investment business ideas
- Textile Units
Textile unit is big business idea with lot of investment. In this business you need to procure raw fabric and convert it into finish cloth. You require big space for installation of textile machinery. This business also requires skill and unskilled labours. It is recommended to do market survey before starting this business.
- Rice Mills
Rice Mill produces an edible white rice by removing husk and bran layers. Rice Mill requires big machinery and space. You will also require FSA license and other permission to start this business. It is a big investment idea with good profit margin.
- Manufacturing Fabrication Plant
A manufacturing fabrication plant is facility that does welding, machining and produces metallic finish goods. It is big investment business which requires skilled manpower and lot of machinery. If you are from mechanical background with lot of money you can start this business.
- Petrol Pump
Petrol Pump is high investment business idea. In order to start petrol pump you require sufficient land in the prominent location. You need to apply for petrol pump license. Once you get approval you need to establish petrol and oil bunker as per company specification. You also require labor and machinery to start petrol pump.
- Imported Furniture Shop
Imported furniture shop is one of the most lucrative business idea. This business demands lot of investment. In this business, you need to import furniture from China, UAE, USA and other countries. High net worth people opt for imported furniture.
#8 Retail Business Ideas
- Grocery Shop
Grocery Shop is one of the best small business idea. It is one of the easiest and lucrative business idea. You require small shop. You can even think of taking shop on rent. You will need local municipality clearance license and GST number to start grocery shop.
- Ice Cream Shop
Ice Cream shop is next in the retail business ideas. You can start this business in two ways. You can either take franchise of ice cream company or you can manufacture own ice cream. This business requires FSSAI license in addition to shop establishment license.
- Stationary Shop
Stationary Shop is small retail business idea. You require small rented shop to start this business. It is recommended to start this business nearby school or business location. It is volume business and you may need to face lot of competition in this business.
- Cosmetic Store
Cosmetic Store is next in the list of retail business ideas. A use of cosmetic is growing. If you are women and looking for business opportunity you should think of opening cosmetic store.
- Xerox Shop
A Xerox shop with associated products like bookbinding, lamination and small stationary items is very good retail business option in India. This business can be started with low investment. It is recommended to start this business nearby school, college or office area.
#9 Manufacturing Business Ideas
- Soap & Detergent Manufacturing
Soap & Detergent Manufacturing is first in the list of manufacturing business ideas. Soap and Detergent manufacturing can be started from home or from office/factory location. Before starting this business it is recommended to survey the market. You may need to spend lot of money for marketing this product.
- Honey Making
Honey Making is next manufacturing business idea. Honey is used as medicine and food ingredients. Honey processing can be started using machine or by manual method. This business can be started even from home.
- Manufacturing of Toys
Toy manufacturing is one of the big and evergreen business. This business require lot of investment. Firstly you need to decide prototype of toy and raw material required. You can hire competent manpower to help you in starting this business. Success rate of this business is high.
- Manufacturing of Plastic Bottles
Plastic bottles are widely used for packaging various items. The demand of this product is very high. If you have knowledge about plastic bottle manufacturing you can start this business. You require big space and machinery to start this business.
- Fertilizer Making
Fertilizer manufacturing is evergreen business idea. Fertilizer making can be started at smaller scale or at big scale. You need to be aware about natural process of making fertilizer. This business require moderate investment.
#10 Renting Business Ideas
- ATM Space Rental
ATM space renting is one of the most profitable business. If you have lot of real estate space in the different part of country you can start this business. Banks are always looking for prominent space for opening ATM. This makes ATM space rental lucrative business option.
- Car Rental
Giving car on rent is next in the list of rental business ideas. People prefer to avail car for long distance travel. They opt for normal as well as luxury car. If you have capital you can start this business.
Decorator provide decorative items for marriage and parties. This items includes chair, stage, decorative material etc. This type of items always remains in demand. If you have surplus money you can start this business.
- Heavy Machinery Rental
Big and small construction companies usually opt for heavy machinery on rental. Thus heavy machinery rental is next rental business. Heavy machine include construction material such as crane, hydra, moving equipment etc. This business demand lot of investment.
- Fancy Dress Rental
Fancy dress rental is one of the most promising Small business ideas. In this business, you need to rent fancy dress. School, Colleges and other drama company are always looking for good supplier of fancy dresses. You can start own fancy dress renting business and earn lot of money. Make sure to select business location carefully.