Starting a business with a capital of INR 100,000 requires careful planning, resourcefulness, and creativity. Here are ten business ideas that you can consider with this initial investment:
1. Freelance Services: Offer your skills and expertise as a freelance writer, graphic designer, web developer, digital marketer, or any other profession where you have experience. Invest in building an online portfolio and marketing your services through freelancing platforms and social media.
2. E-commerce Reselling: Start an online reselling business by purchasing products at wholesale prices and selling them at a markup through platforms like Amazon, Flipkart, or Instagram. Focus on niche products or target specific customer segments to differentiate yourself from competitors.
3. Home-Based Catering: Launch a home-based catering business offering homemade meals, snacks, or desserts for events, parties, or daily delivery. Start small, focusing on a specific cuisine or specialty, and gradually expand your menu and customer base.
4. Dropshipping Business: Start a dropshipping business where you partner with suppliers to sell their products online without holding inventory. Invest in building an e-commerce website, selecting profitable niches, and marketing your products to target audiences.
5. Tuition or Coaching Classes: Offer tuition or coaching classes in subjects or skills that you excel in, such as academic tutoring, music lessons, language classes, or exam preparation. Utilize your existing knowledge and resources to keep initial costs low.
6. Handmade Crafts or Products: Create and sell handmade crafts, jewelry, accessories, or home decor items through online marketplaces like Etsy, Facebook Marketplace, or your own e-commerce store. Invest in quality materials and develop unique designs to attract customers.
7. Event Planning Services: Start an event planning business offering services for weddings, birthdays, corporate events, or other special occasions. Utilize your organizational skills, creativity, and network of vendors to plan and execute memorable events within budget.
8. Mobile Car Wash or Cleaning Services: Launch a mobile car wash or cleaning service offering on-demand cleaning for cars, homes, or offices. Invest in basic cleaning equipment, transportation, and marketing materials to promote your services to potential customers.
9. Social Media Management: Offer social media management services to businesses looking to enhance their online presence and engagement. Develop a portfolio showcasing your expertise in content creation, community management, and social media advertising.
10. Consulting Services: Start a consulting business offering expertise in areas such as business strategy, marketing, finance, human resources, or technology. Leverage your industry knowledge and professional experience to provide valuable insights and solutions to clients.
When starting a business with a limited budget, it's essential to prioritize investments wisely, focus on bootstrapping and cost-saving strategies, and continuously innovate and adapt to market trends and customer needs. Additionally, thorough market research and a well-defined business plan can help increase the likelihood of success.
