Business Ideas: Startups are becoming increasingly popular these days, and if you have a budget of around ₹5 lakh, many profitable business ideas can take you from zero to hero! This guide will tell you about some promising businesses with low initial investment but immense profit potential. With these ideas, you can not only start your business but also grow it rapidly.
Mobile Repair and Accessories Store
Everyone owns a smartphone these days, and as their number grows, the demand for repairs and accessories is also constantly increasing. This is a business that never faces a slowdown. With a budget of ₹5 lakh, you can rent a small shop, learn repairs with some training, and stock accessories like displays, covers, chargers, and earphones. Repairs offer good margins, and once you’ve established your foothold, customers will keep coming back.
Organic Products Business
These days, people are becoming health-conscious and prefer to buy chemical-free products. You can start selling organic pulses, oils, spices, or even skincare products. You can start this business from home, which reduces initial costs. Source high-quality raw materials and then market them in attractive packaging. With proper marketing and quality, this business can quickly become a brand.
Digital Marketing Agency
If you have a good understanding of social media, content, and online advertising, starting a digital marketing agency can prove to be a highly profitable business. Your initial investment will be limited to a laptop, a fast internet connection, and some essential online tools. Even small businesses need online promotion, and you can start earning immediately by helping them grow digitally. You can start this business by working with clients individually.
Print-on-Demand Business
Print-on-Demand (POD) businesses are trending these days. In this business, you create designs for T-shirts, mugs, bags, or customized gift items, but you only produce the product when you receive an order. This eliminates inventory costs. You can start this business for less than ₹5 lakh by creating a website, uploading some great designs, and doing some marketing. It’s a low-risk and high-profit model.
Photo and Video Production House
The demand for photo and video production for weddings, social media content creation, and advertising is constantly increasing. This business is perfect for creative individuals who enjoy working behind the camera. While it requires a one-time investment in cameras, lighting, and editing tools, the income continues to flow over the long term. You can start part-time initially and gradually expand into a full-fledged production house.
Home Bakery or Sweets Business
People always love fresh, clean, and homemade food. You can start a home bakery or sweets business right from your kitchen. Make birthday cakes, pastries, or traditional sweets for special occasions and sell them online or locally. If you have excellent taste and maintain good hygiene, you’ll quickly find loyal customers and your business will grow rapidly in just a few months.