Starting a business is everyone’s dream. However, most young entrepreneurs see their dreams nipped in the bud due to lack of funds for investment.
Should you possess some unique skills, you can start your small business with cheap investment. While some such little business ideas can be operated from your home, in other cases, you may need to lease small premises. In this post, we will talk Best business ideas 2018.
Funding small business
Generally, small businesses begin with whatever little capital you may have. Community organizations and cooperative credit societies also offer loans on very soft terms. You may consider obtaining a loan to support your small business idea.
Plan well for success
Remember, failing to think is planning to fail. Therefore, prepare your business well in advance before launch. Study the market for the product or service you plan to offer.
Further, acquaint yourself thoroughly with your prospective competitors and their offerings. Talk to people you trust and seek advice if necessary. Additionally, build a database of your potential customers before launch.
New & Best Small business ideas
- 1 Best business ideas 2018
- 1.1 1. Mobile phone repair/ accessories/ recharge
- 1.2 2. Meal service (Tiffin)
- 1.3 3. Network marketing
- 1.4 4. Babysitting/ Childcare
- 1.5 5. Small Online Business Ideas
- 1.6 6. Small business plan to start an Ethnic food store
- 1.7 7. Mobile garage-(Small business for men)
- 1.8 8. Aquariums & fish
- 1.9 9. Nursery & garden requirements
- 1.10 10. Jams, pickles & sauces
- 1.11 11. Stamps & Coins
- 1.12 12. Pet care
- 1.13 13. Fragrant candles- (Creative business idea)
- 1.14 14. Cakes & Bakes
- 1.15 15. Ice cubes
- 1.16 16. Travel services
- 1.17 17. Imported products
- 1.18 18. Medical sample collection
- 1.19 19. Antique furniture restoration
- 1.20 20. CCTV & surveillance
- 1.21 21. Party services
- 1.22 22. Address verification service
- 1.23 23. Business idea to make Religious items
- 1.24 24. Postal labeling and sorting
- 1.25 25. Walking tours
- 1.26 26. Caregiver service
- 1.27 27. Soya products
- 1.28 28. Unique ice creams
- 1.29 29. Used laptops
- 1.30 30. Signboards
- 1.31 31. Human resources supply
- 1.32 32. Stationery supply
- 1.33 33. Digitizing audio and video
- 1.34 34. Gardening services
- 1.35 35. Glamour photography
- 1.36 36. Broken glass
- 1.37 37. Computerized horoscopes
- 1.38 38. Corporate gifts
- 1.39 39. Packing services
- 1.40 40. Homemade chocolates
- 1.41 41. Nameplates
- 1.42 42. Wedding gowns
- 1.43 43. Chips and wafers
- 1.44 44. Idli and dosa batter-(Best small business idea in India)
- 1.45 45. Air conditioner maintenance
- 1.46 46. Renting scooters and motorcycles
- 1.47 47. Employee background checks
- 1.48 48. Handicrafts-(Creative small business idea in India)
- 1.49 49. Skin and beauty treatment-(Small business idea for men and women)
- 1.50 50. Mushroom harvesting
- 1.51 Bonus: Apiary & honey
- 1.52 Before investing
Best business ideas 2018
Once you have developed the above homework, you are almost set to open your small business with low investment. Here are 50 new & creative small business ideas with the low investment that we recommend.
1. Mobile phone repair/ accessories/ recharge
India will have approximately 400 million smartphone users by the end of 2018. Further, this figure will rise exponentially as more brands and affordable variants enter the market.
Consequently, the need for outlets and persons who offer repairs of mobile phones is expected to grow manifold. You can also sell accessories and credit recharge. You are getting Best business ideas 2018.
2. Meal service (Tiffin)
One of the brilliant small business idea for women. Nowadays, the interest in home and workplace delivery of meals has increased vastly.
You can launch your small business with low investment right from your kitchen by preparing fresh, wholesome meals and supplying them to offices and homes.
3. Network marketing
Network marketing, also perceived as Multi-Level Marketing is an excellent small business. However, you need to tie-up with well-reputed brands that offer unique products.
A search on the Internet will expose some such significant brands, whose products are always in demand.
Thanks to rising medical inflation, people nowadays look for alternative health and nutritional products and supplements as well as skincare and beauty products. Read more in below about Best business ideas 2018.
4. Babysitting/ Childcare
It is a small business for women that can launch from home or small premises. The investment needed for starting a babysitting and childcare service is very minimal.
All you require to invest in are a few toys, cribs and mattresses.
Add a few packets of disposable diapers, antiseptic lotions, and a first aid box as well. Nowadays, babysitting and childcare facilities are in very high demand due to the rise in the number of working couples.
5. Small Online Business Ideas
Various small business ideas can be done online from home or office. You can start many such ideas without investment.
We have already included such business ideas here. You can check which is excellently suitable for you from the list of 60 business ideas.
6. Small business plan to start an Ethnic food store
Should you be well advised with the palates of various communities of India, you can begin a small ethnic food store with cheap investment.
All you require to do is procure products that have a long shelf life, from suppliers located in those particular regions and sell them to your target communities.
7. Mobile garage-(Small business for men)
Everyone has seen cars, scooters and motorbikes breakdown in the middle of busy roads. The unfortunate owner of these vehicles usually faces a dilemma about where to get repairs. For such eventualities, you can offer a free garage.
For this business with low investment, you will require a car, mobile phone and all the tools needed to repair a stalled vehicle. All you require to do is, rush to the place where the vehicle is parked to perform repairs. I hope guys you will love our post-Best business ideas 2018.
8. Aquariums & fish
It is a small business idea you can start with low investment and also from your home. For this trade, you require to buy a few aquariums of various sizes and different kinds of fish that are popular as pets.
You can also breed fish by keeping individual tanks.
Additionally, selling air pumps, fish food and decorative material for aquariums will net you more earnings. Aquariums are also famous as gift items. However, you require to be well versed in handling several species of fish
9. Nursery & garden requirements
Once again, this is an excellent small business idea with low investment. Due to increased awareness about the environment, many people now keep small plants and shrubs at their residences and offices.
You can start this business in your apartment. Additionally, you can sell packets of fertilizers, seeds and other garden necessities.
10. Jams, pickles & sauces
As people become more vigilant about their health, the demand for healthier, non-commercial jams, pickles, sauces, and ketchup is on the rise.
Moreover, consumers nowadays are wary of consuming foodstuff that contains chemicals of any sort. Given this scenario, you can manufacture jams, pickles, sauces, and ketchup with old recipes that are chemical free.
11. Stamps & Coins
Surprisingly, this profitable business is almost non-existent in India. Stamp and coin collectors look for the latest concerns from around the world.
A few simple moves are all you require to enter this low investment high returns small business.
Register yourself with postal departments of various countries by paying them a small advance for buying the latest stamps. For coins, there are individual government run bureaus abroad.
They will give you the latest stamps and coins which sold at a reasonable premium to collectors.
12. Pet care
Understandably, people love their pets. However, while traveling for holiday or business, they are incapable of taking their pets simultaneously. Hence, people see for services that will consider for their pets while they are away.
If you are fully versed in handling pets, this is a famous business you may recognize. Again, this is a little business that requires cheap investment.
13. Fragrant candles- (Creative business idea)
Let your creativity and sense of fragrances run wild. Making candles is relatively easy. Aromatic oils are readily accessible. With some training and experience, you can create fragrant candles of all sizes, shapes, and colors.
Nowadays, such candles are becoming more popular for meditation and relaxation purposes.
14. Cakes & Bakes
Armed with a proper oven, you can open a low investment business making cakes, muffins, cookies and other bakery items
This small business has massive potential since consumers are always looking for new, better tastes at economical rates. You will, however, require excellent skills in preparing these baked delicacies.
15. Ice cubes
Understandably, this is a complicated business. Especially, since ice cubes traded in the market nowadays have to conform to specifications prescribed by the Food Safety and Standards Authority of India (FSSAI).
However, with proper facilities, clean water, and proper packaging, you can begin this lucrative market of trading ice cubes in bulk to restaurants and bars and retail to consumers.
You will require FSSAI certification for your ice cubes.
16. Travel services
Offering travel and related services can see you make instant profits. A tie-up with long-distance bus services offers online reservation of rail tickets and reserve hotels at several destinations for clients.
You can also attach local sight-seeing and other requirements for your customers. You can either collaborate with a primary travel agent or begin into deals with service providers and get commissions for every reservation you execute.
17. Imported products
Indians are returning home after a foreign tour tends to buy stuff they can sell locally. They do so to defray the costs of their international trip
Products they sell include fragrances, cosmetics, cigarettes, liquor, chocolates, food items and T-shirts among others. The craze for foreign goods in India ensures you have a good market for your wares.
18. Medical sample collection
It is yet another rapidly growing, low investment small business idea in India. It merely means you receive blood, stool, urine and sputum samples from patients, from their houses.
These samples are for delivery to pathological labs that will test them and publish medical reports.
The reports have to be house delivered to the patient. You will require a vehicle, equipment to store the bio-hazardous material and skills in extracting blood samples.
You will need agreements with pathological labs before entering into this business.
19. Antique furniture restoration
Nobody wants to part with antique furniture because he or she has sentimental values attached. Restoring or repairing spoiled antique furniture is one business you can view at if you know aesthetics and the required skills.
You can also hire artisans to do the restoration on the premises of your customer. Restoring antique furniture is very difficult, and you will need excellent workers.
20. CCTV & surveillance
Increasingly, people are growing security conscious. They desire to protect their families and themselves against theft, rape, and other crime.
Consequently, more and more people are installing CCTV and surveillance cameras at their homes and offices. It is a low investment and high returns small business idea.
21. Party services
People hold parties for various reasons. They are organized around the year to celebrate birthdays, anniversaries and other special occasions. With this low investment business, you can offer multiple services.
These combine decoration of the venue, conducting games, mascot appearance, purchasing and packing return gifts, amongst others.
22. Address verification service
Banks, credit card issuers and mobile phone organizations often require substantial verification of locations provided by customers. They do so to check frauds and defaults.
It is a low investment business that is again in vogue nowadays. However, you will require a vehicle and might need human resources to visit the customer addresses provided by the bank and other service providers.
23. Business idea to make Religious items
India has a huge market for items required by followers of various faiths. These include pictures of deities, incense sticks, cotton wicks for lamps, candles, prayer beads and other minor paraphernalia.
Making these at home or a small premise requires low investment. There is no shortage of customers for such stuff.
24. Postal labeling and sorting
India Post needs all bulk mail to be labeled with addresses and distributed according to the Postal Index Number (PIN) code. Banks, corporations listed on the stock market, bulk mailers look for small businesses that can provide this service.
They do not require to employ staff for this purpose. You will need a vehicle and some human resources to start this modest investment little business.
25. Walking tours
For those who remain in cities and towns with several tourist attractions, walking tours are a great small investment business.
Foreigners and domestic visitors need to get a first-hand feel of the city by walking on the streets, mingling with locals and encountering sights and sounds of the place.
You will have to book buses to take your tourists to a particular region where they will hike and visit attractions.
26. Caregiver service
Indisposed senior citizens and people in hospitals need caregivers. Their kin is busy at work or unable to serve to their needs. Caregiver services are quickly gaining momentum in India.
Understandably, you will require some human resources to provide such a service. Many unemployed women and men are engaged in working as caregivers for businesses that give the service.
27. Soya products
Nowadays, a growing number of people are going vegan. Soya products such as soya milk, tofu (soya curds), soy flour and soya chunks provide a great alternative to meat.
Manufacturing Soya products are relatively straightforward, provided you have the needed equipment. It is also a cheap investment in small business. You can get a small loan to begin this micro industry.
28. Unique ice creams
Some years ago, people would have refused at the idea of ice cream made with tomato or capsicum. However, such unique ice creams are trending nowadays.
Unfortunately, manufacturers of such rare ice creams are few despite the vast market. If you are daring enough, start this low investment business of unique ice creams.
29. Used laptops
Some years ago, laptops are ubiquitous now. Shopping trends indicate, people, sell their used computers and buy those with the latest features and powerful configuration.
Despite, there exists an enormous market for used laptops. Buying, refurbishing and selling such used laptop is a low investment, high returns business you can consider.
Generally, there are two types of signs used by companies and shops: Painted and Neon. Every small business and commercial establishment requires signboards.
The demand is for original yet low-cost signboards that aptly advertises the business. Making and supplying signs of all types, according to specifications of the business owner, is a business in demand around the year.
31. Human resources supply
Every company required more human resources almost on a daily basis. It is especially true with restaurants where staff attrition rates are rather high.
Waiters and cooks leave at short notice or merely abandon work. It puts the business owner to great inconvenience.
Occasionally, households also require human resources for cleaning the home. With some ingenuity and low investment, you can help restaurants overcome their human resources problems and earn an impressive income almost daily.
32. Stationery supply
Colleges, schools and other educational institutions, as well as businesses, require bulk stationery. These include customized letterheads, business cards, envelopes, invoice books, receipt books and various others.
With little investment and some contacts, you can enter into this evergreen business. You will need agreements with printing presses and a few samples to join this profitable venture.
33. Digitizing audio and video
Millions of people across India possess sound and videotapes of their famous music and movies, recordings of special occasions and other material. However, video and audio cassette players are now limited.
Nowadays, DVDs and digital copies of music storage are favorite. If you maintain the older type record players, audio, and video cassette players, you can enter into this business of digitizing old recordings.
You will need to invest in equipment that allows you to copy audio and video in the older formats to the latest ones.
34. Gardening services
Individuals and housing societies owning gardens generally are unable to attend to their favorite and sometimes expensive plants, trees and lawns. Therefore, they look for small businesses that can perform the required task.
You will need to invest in some gardening equipment and hire human resources to enter into this small business, which is also round-the-year in demand.
35. Glamour photography
Undoubtedly, every male and female want to appear glamorous. Glamorous pictures used for several purposes: To apply for jobs as models, actors, and actresses, cabin crew with airlines or matrimony.
For those with an eye for photography, taking glamorous pictures is a great business to open with a small investment.
You will have to buy a professional camera and related equipment. Taking pictures can be done at the residence of the customer or public places. Alternatively, you can hire a studio by the hour, if needed.
36. Broken glass
Strange as it may sound, there exists a massive market for broken glass. Millions of glass bottles that cannot recycle, as discarded daily in India.Shards of broken glass used in building compound walls of bungalows. They deter robbers from scaling the compound wall to gain access to the home.
Glass shards also prevent reptiles like snakes from slithering over the compound wall. A word of caution: Dealing in broken glass can be hazardous and has to be done with extreme care.
37. Computerized horoscopes
Understandably, this is one of the most common low investment businesses in India. All it requires is a computer with the necessary software, a printer and fancy paper to print the horoscope.
However, in a land of superstitions, computerized horoscopes continue to remain in high demand. The reason is simple: People do not rely on results from only one computer.
They want many horoscopes from different sources.
38. Corporate gifts
India has a rich culture of corporate gifting. It continues around the year. Corporate gifts include pens, wallets, mugs and a wide range of stuff given to staff and business associates.
Usually, these items printed with the company’s name and logo. With adequate samples and contacts, you too can open this business with low investment.
You will need a wide range of products and their samples to display to clients.
39. Packing services
Small and medium businesses generally do not have a separate department for packing their products. They hire individuals- who can often be unreliable.
Alternatively, they outsource the job too small businesses who can pack their stuff with care while adhering to deadlines.
To enter this business, you will require adequate packing material such as cartons, strapping machines and cutters and of course, human resources.
40. Homemade chocolates
With some chocolate making skills and little investment, you can enter into this highly profitable small business idea. Handmade chocolates sold by almost every major pastry shop and gift store.
They are in high demand since their taste is much different from bulk manufactured varieties commonly available in the market.
Several companies order homemade chocolates to send as gifts to their business associates. Such chocolates are in high demand during festive and wedding seasons too.
A typical system worldwide is to affix one’s nameplate outside the door of a house or apartment. Moreover, people also install large names outside buildings, villas, and bungalows.
They prefer artistically designed nameplates or simple ones. Making these nameplates is a low investment small business that anyone can begin with ease. The demand for these nameplates is round-the-year, and you can make decent profits from your venture.
42. Wedding gowns
Earlier, wedding gowns were the mainstay of the Christian community. However, over the years, the concept of wedding gowns has become popular among people of other faiths too.
Bollywood movies have also contributed immensely to popularizing the wedding gown.
For men and women who are adept at fashion designing, making wedding gowns is a significant, low investment and high returns small business idea.
Additionally, you can also offer other fashion wear to ensure income round the year.
43. Chips and wafers
Chips and wafers are consumed almost everywhere: cinema halls, schools, home, bars, in buses and on trains. The list is endless. Manufacturing chips and biscuits with potato, raw banana, jackfruit, tapioca and other starchy roots are relatively straightforward.
Equipment required is not expensive.
However, you need to ensure proper supply of raw material and have good packaging. Generally, shops and bars order such chips and wafers in bulk.
44. Idli and dosa batter-(Best small business idea in India)
The mainstay of south Indian communities, Idli and Dosa, is now famous across India. However, not everyone can prepare the batter required for making these dishes.
It requires a proper blend of rice and cereals.
The batter also has to be fermented to the right degree to ensure it gives excellent tasting Idli and Dosa.
Packaged Idli and Dosa batter is fast becoming popular, with most stores stocking several packets for their customers. Setting up a batter manufacturing unit from home or a small premise is relatively inexpensive.
45. Air conditioner maintenance
Nowadays, air conditioners are an essential component of several households and most offices. Hence, there is an ever-increasing demand for small businesses who can offer excellent maintenance of these expensive appliances.
Trends nowadays indicate people are willing to sign annual contracts for maintenance of their air conditioners.
All you need is some essential equipment required to service air conditioners and skilled human resources who can perform the tasks. Acquiring skills in maintenance and repair of air conditioners- especially window and split types- is relatively easy.
46. Renting scooters and motorcycles
Tourists, sales associates, and small business owners look for hiring scooters and bikes while visiting a town or city.
Renting such two-wheeler saves them precious time and offers the ease of commuting. With a small investment, you can open a scooter and motorcycle rental business.
You need not rush into buying a fleet of vehicles. A couple of two-wheelers will suffice to begin. However, you will need to get proper licensing, insurance and permits before renting out these vehicles on a short-term basis.
47. Employee background checks
With most places in India witnessing the great migration of labor, several companies now resort to employee background checks. It means, they verify information provided by a job seeker through an external agency.
Checks include verification of work experience and educational qualifications. It is a rather low and straightforward investment business to open.
You will need a database of companies who require employee background checks, computers, and landline telephone to open this small business idea.
48. Handicrafts-(Creative small business idea in India)
An excellent low investment small business anyone can start is buying and selling handicrafts. Generally, crafts made in rural areas.
However, glitzy showrooms charge exorbitant rates for the stuff, which they usually procure relatively cheap.
You too can enter this huge market by buying handicrafts from different regions near you and selling them at reasonable rates.
Once again, the market for handicrafts is always high because they are also given away as gifts or used for home and office décor.
49. Skin and beauty treatment-(Small business idea for men and women)
Increasingly men are becoming beauty conscious. For men and women skilled in providing skin and beauty treatment, opening a small business offering the service is an excellent small investment option.
You can design your therapies for glowing skin, anti-aging, and facelifts.
This business can also open from home, provided you have ample space and privacy for clients. Offering herbal and natural therapies will help you stay ahead of the competition.
50. Mushroom harvesting
Mushrooms are considered a delicacy and fetch reasonably high prices in the market. They are very nutritious as food.
Hence, governments of various Indian states provide subsidies and facilities to people who can harvest mushrooms. It is an excellent low investment small business idea.
You will need to set up a greenhouse with controlled temperature for getting the right crop. Mushroom spores are readily available from state-run cooperatives and agricultural shops. Bulk customers for mushrooms are easy to find.
Bonus: Apiary & honey
Here is one great small business idea with low investment, provided you have a garden or open plot of land. Setting up an apiary to breed honeybees is inexpensive.
You will also require some essential equipment to extract honey from honeycombs. Homemade syrup fetches a high price.
Royal Jelly, produced for the queen bee, commands a high price in the market from individuals and medical companies.
Remember, having ample capital to invest in a small business of your choice is not enough. You also require the necessary skills to ensure its proper functioning.
Before entering into any venture, it is advisable to know licensing procedures and other legalities concerned.
It is better to legitimize your business since it can help you get loans and subsidies in the future. It will also protect you against any lawsuits.
I hope friends this post will help you to choose an idea to build a business. You can read all 50 ideas mentions above, if you are confusing what to choose then find your passion or interest. If you have any particular knowledge, then go for that business idea. I hope here you can find Best business ideas 2018.