Fund availabilities have always been an important barrier for entrepreneurs. Many abandon their dream business due to the dearth of the fund. At times we wonder if a profitable business can be started with a minimum investment. The answer is yes, you can start a profitable business within Rs.10,000. Let me tell you today’s great entrepreneurs like Mark Zuckerberg(Facebook), Bill gates(Microsoft), and Elon Musk(Tesla & SpaceX) they all started small. Likewise, today’s great companies like Apple Inc., Hewlett-Packard, Amazon, Google, and The Walt Disney Co. started from a small garage at minimal cost. The only reason for citing those great examples is that – a single great idea is the most important step to creating a game-changing business.
As Andy Warhol quoted,”Making money is art, working is art and good business is the best art.” On that positive note, here are 10 proven business ideas that can be launched with a minimum investment of Rs.10,000.
#1 Breakfast Shop
This is a profitable business since food industry is always going to grow anyhow. Apart from the quality and taste, cleanliness should be maintained for your growth. To start the business, you need to rent a space for it, after having received a permit from the respective authorities.
#2 Fruit Juice Shop
Who doesn’t appreciate fresh fruit juice on a hot summer day? This profitable business can be started by requesting for a permit to open the center in a chosen locality from respective authorities. Excluding the rent for shop-space, the only other investment is for the purchase of raw materials and supplies like machines for making the juice.
#3 Ice-Cream Parlour
The ice-cream parlour is a very good investment and lucrative business. Except for the winter season, this product is always in demand. All one needs to do is buy a fridge. Optionally one can also buy a franchise of ice-cream companies.
#4 Travel Agency
You can start Railway ticket booking, Bus ticket booking or Air ticket booking service, which is a profitable business. All one need to do is to tie up with a host agency. By doing so, you will receive benefits of getting your ARC, CCIA or IATA number faster and also they perform all the ‘back-end functions. It will also help you earn higher commissions and keep your costs low. Your initial investment will come under Rs.10,000.
Do you have a high-definition camera with you? If yes, then you can become an event photographer. For this, all you need is a camera and skills as to how to take awesome photos. Excluding the camera’s cost, you need to put some extra time to make your profile on online and growing your network.
#6 Mobile Recharge and Sim Card Shop
Even at the time of online recharge in India, 90% of all recharge happens offline. Only you need to form ties with the network providers of the area, such as Airtel, Vodafone, Idea etc, and note down their commission rates. Also, offer sim card selling as you can earn more on sim card selling. This business can be started just with Rs.3000-5000.
#7 Coaching Center
One of the most cost-effective business to launch. You can start a small coaching center for school kids and later on include college students. Most tuition teachers take classes in their own homes, thus eliminating any expenditure on rent and supplies.
One of the most lucrative business idea to tap into in the digital age. You start a blog or a website and publish articles daily online. Start with a minimum investment of Rs.2000-3600 to buy a domain and hosting for your blog. Write your ideas, experiences, knowledge, thoughts, etc. on your website, promote it and make money from ways like Google Adsense, Affiliate Marketing, etc.
#9 Drop-shopping Business
In drop-shipping, you play the middle agent role between manufacturers and sellers. It requires a comparatively small investment, under Rs.10,000, and is exposed to low risk. Start selling through online marketplaces without any initial cost of setup.
#10 Gift Gallery/Decoration Shop
In big cities and towns, people find it difficult to find shops for gifts and decoration items. Be it a birthday or anniversary celebration everyone will head to your shop for at least once in a year. This business can be started with Rs.7000-8000.
Let’s recap this discussion in a short video: