It is quite evident that the current generation is all about start-ups. Plenty of start-ups like Flipkart, Ola, OYO, Uber, Zomato, etc. have commenced their journey in this decade and made it big in the Indian markets. These big names are all over the Internet and in every household with access to the internet. The 21st century is surely very fast-paced and you need to make sure that you catch up. Currently, there is a significantly high amount of opportunity for entrepreneurs to leave a mark with new Business Ideas.
When it comes to businesses, starting properly and entering the market is important for securing their position and their continued growth. To start a business, you do not necessarily need to accumulate a load of investment, you could always start from as much as you have and build upon it. Read on to find out about some Best business ideas based on their low investment requirements.
This is probably one of the best ways to earn online. Huge companies like Infosys, TCS, Wipro to mid-level media startups to bloggers and websites, everybody everywhere needs content. In the upcoming years, content creation and distribution are going to be in even greater demand than today. If you have a team of video creators, editors, podcast recorders, writers, photographers, and other kinds of content creators, then you stand a chance of making it big in the content industry. Here, the investment is pretty small but the earning is significantly huge
Blogging the Best Business Idea
If you have a skill and have some expertise in it, then you could probably share it with others through Blogging. Hundreds of platforms will help your blog. For instance, you could make videos on a subject you are good at and youtube would be the best platform for this. If you are good at taking pictures then Instagram should be your take. Every skill has a unique platform available. Here is a small list:
- Facebook for writers and video makers
- Youtube for video makers
- Instagram for photographers
- Podcasts for those who have good oratory skills.
The pion to be noted is that you can make plenty of money from blogging and have the opportunity to create content from your own interests and aspects of your life. Major investment in this type of business is a laptop or a desktop and an internet connection. Some bloggers even make millions per month.
You might have noticed that education is one of the most profitable business options available right now. Every exam needs proper guidance in today’s competitive environment and everybody wants to give their best shot at it. Hence, the popularity of traditional coaching centres. But the last decade has seen an incredible rise in demand for online educational resources too, bringing more and more opportunities in the market. Here, the investment is not so high. You could teach online which would cost you nothing and the entire fees will form your revenue. There are several companies like unacademy, SimpliLearn, Topper, etc. which give you the platform to teach online and get paid for it. You could join such brands or start your own.
In the previous decade, the Indian buying capacity has exponentially increased. Hence, this has enabled people to buy costly equipment required in fields like photography. If you have a passion for photography, then why not start earning as a professional photographer? You have the option of choosing a niche in photography and approaching it professionally. One of the most profitable niches is wedding photography because, in our country, marriages are pretty expensive. Social media has given a completely new turn to the popularity of photography. Most clients hiring photographers for events now are known to hire separate photographers for traditional and candid photography. Also, nowadays, people want a photographer for every event, be it birthday celebrations, shoots, pre-wedding shoots, engagement parties and so on. Hence, you can make a decent living out of professional photography.
You could open a translation business with a team of writers, translators, editors, etc. Every movie or show needs subtitles in various languages. Subtitling and translating industries are big in the current era. This is one of the best business options to go for. You could even work as a freelancer or create a business group. The amount paid in this line is pretty good. You only need to invest your time in this.
Inventory Management for e-commerce
Most of the e-commerce companies are going out of warehouse and inventory management across various cities. Hence, this gives rise to a new business option known as warehouse or inventory management. This would need a lot of labour and space to install a warehouse. Initially, you could start this business from a small town or city and then expand.
Vertical farming is a practice of growing plants in vertically arranged layers. This practice does not always need soil, instead, it can also thrive with hydroponic or aeroponic growing methods. These farms also enable you to grow agricultural plants in challenging environments such as the places where the arable land is rare or not available. This is a very promising field for the modern age. Here, you will take up an assignment to build a vertical garden in the office or home. These days, there is an evident shortage of space for gardens and farms. Hence, vertical farming is an efficient technique that produces all the desired results. Besides, they are eco-friendly and do not require high levels of investment. Everybody these days wishes to beautify heir decor by growing plants. Hence, many small and medium businesses go for vertical farming.
Travel Planning is good Business Idea
This is a very lucrative Best business idea for the upcoming future. You need to plan travel trips for people. You need to have proper knowledge of the hotels, bookings and various routes. So that you’ll be able to plan a trip for your customers. You could also take up franchises of famous travel companies for quickly setting up your business. Travel planning start-ups would serve the best when done online. These days everybody looks up on Google to search for flights and hotels. People make use of online hotel searching engines like MakeMyTrip, trivago and so on to look for the cheapest travel budget option. Hence, if you too could set up a dedicated team and open such a website which provides cheap travel options, then the audience will be huge. With the increase in demand for lucrative holiday plans and flexible business trip management services nowadays, such a business is sure to boom with time and becomes bigger gradually.
Indian weddings are always grand. The wedding season in India provides a big opportunity for all the entrepreneurs who could help in taking care of various operational activities and wedding-related assignments. Wedding planners do a lot from helping the bride and groom in choosing dresses to organise events and managing guests. People who are creative, are interested in parties, celebrations and have management skills that can start this type of business. The investment would not consist of anything but the earnings shall be grand. You could also opt for complete online existence and no concrete office in this type of business. You would require a group of 5 to 10 people who should be able to complete the assignment on time.
Internet Advertising as low investment Business Idea
This too is a very promising business Startup option to go for. The Internet is used all over the globe for advertising and you could start up your own advertising business. You need to accept advertisement requirements from the business and create and distribute them to popular blogs, websites based on the target audience and location. Such advertisings could also be done on Facebook, YouTube, and other such social media platforms. The advertisements could be text-based, image-based or video-based. You will surely earn a huge deal in this business and rarely go out of work since there are so many brands willing to advertise on the internet.