India is on its way to overtake China to claim the position of the world’s fastest growing economy. India is growing to be one of the biggest business hubs after China. India’s massive population has now turned into a boon for its economic growth because majority of this population is in the productive age group. Indian youth aspires to carve a niche in today’s market.
But what do you do when there are not enough well-paying jobs for you? Or you are not qualified enough for high paying jobs? Or when you are not in a position to spend erratic work hours, due to other responsibilities like being a home manager or a full-time student?
What if you don’t have enough capital to start something on your own? What will you do then? If you happen to be a student, housewife, or retiree or even if you just cannot picture yourself doing a job, we have a way out for you.
We have a list of fun and creative ideas that can be useful to you, if are looking for low-cost small business ideas which will help you make some good money.
1. Education and Training
Education market has huge scope of business. If you have a knack of it you can sell e-books and digital courses online. Students and teachers can make money by selling educational material online.
There is a very wide scope right from Kindergarten worksheets to test papers for competitive exams; there is a lot that can be explored in this area.
You could also sell series of lessons published at regular intervals. Originality is the key here. Make sure the content you provide is original and up to the mark.
2. Jewellery Designing
Women simply love to accessorize themselves and enhance their beauty. Capitalize on this factor. Invest in a jewellery making kit to learn how to make jewellery.
There are plenty of videos online that can help you learn the art or jewellery making. Post pictures of the jewellery you make on social media for publicity as well as sale.
Customize jewellery as per your clients wish and sell it. This sure is a fun way to unleash your creativity and make money out of it too.
3. Handmade/Organic Products
More and more people are opting for a healthier lifestyle. There is more awareness and people can differentiate the good from the bad. It quite a good idea to start something on these lines, like handmade chocolates, cakes, breads, cookies and other bakery products or an herbal range of soaps, shampoos, body scrubs and other beauty products.
It would be good to start small and gradually elevate your business higher as you gain popularity. Word of mouth is the best type of publicity for such businesses so make sure the products you sell or sample out are of the best quality.
4. Event Management
Do you think you possess project management skills? They can come in handy if you plan to venture into event management. Event Management does need more time, effort and manpower, for the planning as well as the execution stage.
But once you get a hang of it, it is quite a fun job to do. It could be a birthday party, a corporate event or even a wedding. With all kinds of events happening around you, there is quite a lot to choose from.
5. Personalized Gifts
If creativity is a feather in your hat then this will certainly interest you. Weddings, birthdays or corporate gifts, personalized gifts are the in thing now. The traditional ways of gifting are no longer appealing.
The demand for personalized gifts is constantly on the rise, increasing the scope of business in this area too. You could start by posting sample pictures online to take orders and gradually take this business further in the positive direction.
What do you think about these low-cost small business ideas? Would you like to share any business ideas with us? Write to us in the comments sections if you have any small business ideas to share.