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Business Opportunities

Business Opportunities

Top 10 Best Business Opportunities in India

best business opportunities

India has a huge population and has a large economy, it also has many good ideas for business opportunities. Entrepreneurs have excellent ideas in the fields of technology or even staying at home and marketing and these ideas can definitely be successful. Specially, in India, there is a huge scope of different fields of IT. Investment in these business ideas can definitely make India better.

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Business Opportunities

Top Ten Business Opportunities in Delhi

business opportunities in delhi

There is no formula for starting a successful business. You need to identify potential areas and venture with a distinctive strategy. Delhi is the capital of the country. The number of businesses that are currently being operated in Delhi is numerous. If you are planning to start a business, your business ideas should be unique and should be able to solve a current problem that people have. Are you planning to start a business in Delhi? Are you looking for business ideas that are suitable for Delhi market environment? Below is the list of top business opportunities in Delhi that have good scope and growth rate in today’s market.

Housekeeping services

Investment – 50,000 to 1, 00,000

ROI – 1-2 years

The city is filled with numerous commercial structures. Your business plan focuses on providing housekeeping services to commercial structures and hotels. Your initial expenses include human resource, equipments, website and a vehicle to transport the equipments to client workplace. If interested, you can add mattress cleaning services too. Speed of breaking even depends on type of clients you could acquire.

Verification services

Investment – 2, 00,000 to 4, 00,000

ROI – 2-3 years

Companies spend considerable amount of resources and time for background verification process during recruitment. Your business plan is to provide verification services for candidates that your client requests. You need to build a network of investigators, police and legal information provider. You need to spend more on information tools than infrastructure. A website would help to increase your customer base.

Digital printing services

Investment – 1, 00,000 to 2, 00,000

ROI – 15 months – 2 years

Starting from flex banner to pamphlet, your business should provide all printing related services. You can also extend your business by selling printing essentials or providing repairing services. Initial expenses include computer, internet connection, phone connection, samples, software packages, printing essentials, hardware for printing and scanning and others. Keep your price competitive to attract customers. Advertisement is the key for this business. Knowledge in graphic designing is an added advantage or you can hire a graphic designer.

Auto components retail store

Investment – 5, 00,000 to 7, 00,000

ROI – 10 months to one year

There is 26% increase in number of automobiles in the city. India is one of the fastest growing markets for automobiles. This also increases the growth of auto components stores. Infrastructure and inventory are the two main keys for most of the business opportunities in Delhi. You need to spend considerable amount in staffing too. Your infrastructure should equip a repair area where your staffs can help clients to add components to their vehicle. An online presence is a must to attract more customers.

Chinese product resale

Investment – 50,000 to 1, 00,000

ROI – 6 months to 8 months

business opportunities in delhi
Image Credit: Wikipedia

Your business plan is to find a Chinese wholesale dealer who would provide you goods at a discount. You can start your retail store and sell it at MRP. This might look like an age-old technique. But, scope of this business is large and growth rate is also high. Learn about government regulations, taxations and other legal processes before starting this business. Remember that your growth depends on type of products you deal with. Not all products are welcomed in Indian market. Electronic items, perfumes and toys are the top chosen items in this business. Make sure not to fall prey into any fraudulent activities.

Traditional medicine store

Investment – 50,000 to 1, 00,000

ROI – 5 months to 7 months

Though a lot of hospitals and clinics have emerged, people still believe in traditional medicines like Ayurvedic medicines, herbal medicine and so on. There is a very high demand for traditional medicine. A lot of tourists too look for this service. You can expand your business by hiring a homeopathic or Ayurvedic doctor. Advertisement is the key for most business opportunities in Delhi. Make people know what you are dealing with. You can also tie up with yoga classes, wellness centre and others or you can start your own integration.

Boutique

Investment – 1, 00,000 to 5, 00,000

ROI – 3 months to 8 months

Your textile shop or boutique should not be one among hundred others. There are a lot of boutiques in the city and you should come up with a strategy that would differentiate you from others. Your inventory is your asset. You can focus of wedding related garments, low cost garments, formal attire, fashion garments or a mixture of all. The fashion is always changing. Your inventory should be able to satisfy trending tastes of customers or, you would be out of business very soon.

Advertisement and promotional offers are must to showcase your business. The first few months of this business can be very dull. You need to create a strong customer base to increase your growth rate.

Organic seller

Investment – 1, 00,000 to 2, 00,000

ROI – 6 months

There are thousands of people who are searching for a reliable source for buying organic food items. At the same time, there are many organic farmers too. You can stand as a middle man between those two and make a profit. You need to have a network of organic farmers who would be able to provide you products on demand. Your initial expenses include vehicle for transporting the organic food items from the farm to the market. You can also create a website and provide home delivery to acquire loyal customers. Digital advertisement and normal advertisements are very essential for improving business idea’s growth rate.

Uniform making business

Investment – 50,000 – 70,000

ROI – 7 months to one year

Do you have a flair for tailoring? There are a lot of schools in Delhi. Moreover, many business schools have brought up dress codes. Many corporate companies also have uniform for many levels of employees. You can tie up with those companies or colleges to get on-basis projects. You can also acquire one-time customers from your locality. Even if you could get hold of one school or college, you can break even easily and your business opportunity’s growth rate would increase.

Home related service providers

Investment – 1, 00,000 to 1, 50,000

ROI – 4 months to 10 months

Do you know that people are always looking for services like handyman, carpenter, plumber, electrician, repairman, painter and other home related service provider? If you can provide a platform or website where they can hire these technicians through online booking, you have got yourself a business. For success in this business you need to create a network of various technicians who would work under project-wise compensation. Your networking skills determine success in this business. Your website is your key. You can hire a website manager who can handle the demands and take care of your website needs.

The above state business ideas in Delhi have a high growth. Growth rate is an important factor to consider while choosing a business. These business ideas are tailor made for Delhi’s current market condition. This does not mean that if you choose any one of the above stated business you can succeed. You need to analyze the market, choose the idea you like and work on your target. There would be a lot of competitors for your business. You need to stay different to capture the minds of customers. Before starting the business, learn about the current regulations, government procedures, business opportunity’s growth rate and taxation in detail. You might not be able to get all information for free. You can get in touch with any business opportunities information provider to get authentic information. Keep an eye for changes in the market. A small change can affect your business opportunities in Delhi tremendously.

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Business Opportunities

Top 10 Business Opportunities in Kolkata

business opportunities in kolkata

Kolkata is a hub for various import and export businesses. Thus, this is the right place to start your first business. Are you looking for business ideas to start in Kolkata? Before starting a business, it is important to learn about investment details and speed of return on investment. This article gives you the list of business ideas for Kolkata market.  These business ideas are tailor made for Kolkata’s market condition and current trend.

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Business Opportunities

Top 10 Business Opportunities in Hyderabad

business opportunities in hyderabad

Hyderabad is a city that is always on heels. You can find a lot of business opportunities in Hyderabad growing and at the same time, a lot struggling to cope with competition. Do you know it is not easy to start a business in this city? You need a business idea that has a good growth rate, unique and profitable. Hyderabad is a place where there are always a lot of businesses that open every day with unique concept. This article talks about top business ideas in Hyderabad.

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Business Opportunities

Top 10 Business Opportunities in Coimbatore

business opportunities in coimbatore

Coimbatore is the hub for textile businesses. There are many mills that produce products for international market. Apart from this, this city has many other ample business opportunities for various other fields. This city is the Manchester of South India and thus, your growth rate would be higher and so is the competition. Here are a few business opportunities for Coimbatore market settings.

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Business Opportunities

Top 10 Business Opportunities in Chennai

business opportunities in chennai

Everyone wants to start a business of his own. The most common barrier is fear of unknown related to the business ideas. The initial capital, growth rate and return on investment details for each business are not usually available through all sources. This article talks about the top business ideas in Chennai.

Home based classes

Investment – 10,000 to 20,000

ROI- 6 months to 9 months

Do you have a skill that you can impart to others? May it be academic knowledge or extra-curricular activities; you can make money out of it. If you are planning on creating a formal ambience, you might need to buy some desks and chairs. Blackboard becomes an important asset. You can use a room in your house or you can rent a small area for less than 10,000 rupees a month. The speed of growth depends on the number of students. Even if you are able to recruit three to five students, you can break even within 6 months.

Recruitment firm

Investment – 50,000 to 80,000

ROI- 1 to 3 years

The human resource market is always in demand. If you can have a flair for recruiting, you can start a recruitment firm. You need to get in touch with a few firms to get details about their requirement. You need to spend on infrastructure, internet, phone lines and other equipment like computer, printer and so on. The main function of your business is to interview candidates and send shortlisted candidates to companies. If selected, you can gain commission from both the candidate and also from the companies.

Real estate consultant

Investment – less than 10,000

ROI – 2 years

best business opportunities in chennai
Image Credit: Wikipedia

The demand for real estate properties is very high in Chennai. You need not spend a lot on infrastructure. You would need internet connection, computer and a strong contact list. You should be aware of the real estate builders around the city and advertisement is must for business growth. You can earn one to two percent as your fee. Since the initial investment is very less, you can break even easily, but getting hold of clients would be tiring in the initial stage.

Mobile food centre

Investment – 50,000 to 1, 00,000

ROI- 6 months – 18 months

Do you want to venture into catering related business opportunities in Chennai? If you choose high end business plan, you would need about 3 lakhs to 5 lakhs to buy a franchise, a commercial area for rent and other assets. Instead, if you want to attract local crowd, you can start a mobile food court. The rent of food court vehicle can vary from 20,000 to 50,000 depending on your requirement. The utensils, human resource and other assets would cost about 30,000 rupees. The operational working capital can go as high as 5,000 per day and if you are able to hold a niche and get some regular customers, you can break even within a few months.

Ice cream parlour

Investment – 50,000 to one lakh

ROI – 2-3 years

Ice cream parlours are always in business in Chennai. If you are ready to spend some money on the infrastructure, you can attract a niche of customers. The product is a fast moving one and you can always be in business if you are able to attract a niche by location. Choose a location where a lot of children would visit like schools, parks and so on. If you want to take up a franchise, it would cost around 7 lakh to 10 lakh.

Beauty salon or spa

Investment – 3 lakh to 5 lakh

ROI – 1 – 2 years

If you are ready to spend considerable amount in equipment, human resource and location, you can start a spa without any basic hands-on experience in spa techniques! The business opportunities would be high if you are ready to spend on advertisement. Hire qualified human resources and buy equipment through loan. You can attract high level customers if you are able to create a pleasing ambiance. Discounts, offers, banners and other promotional offers would help you to gain more customers. If you are ready to spend about 30 to 60 lakhs, you can invest in international franchises which would increase your growth rate and ROI would be between 50 and 60 percentage per year.

Xerox, print-out and internet

Investment – 20,000 to 35,000

ROI-3 months to 6 months

Not all would have a printer at home. Thus, you can earn a considerable income by starting up a store where you provide photocopies, print outs, scanning, internet and other related services. You would not a need a large commercial place and thus, you might have to spend 5,000 to 7,000 rupees as rent for space. If you are not providing internet service, you would need just one computer. You would need about 3-4 computers, internet connection, printer, scanner and other hardware items. You may need to hire someone who has basic knowledge in taking photocopies. Make sure to choose a location near any college or school to increase the business growth.

Fashion jewellery making

Investment – 5,000 to 15,000

ROI- 6 to 12 months

If you are creative and skilled in making fashion jewels, you can start your own business with a small seed money. The success of your business depends upon your skill in attracting customers. If you could find a considerable number of regular customers, you can easily break even and get a good turnover. Remember that fashion changes every now and then. You need to stick up to the latest trend to keep your business going. If you are planning to learn the skill before starting your business, there are a lot of centers that would teach you for a small fee.

Gym and fitness studio

Investment – 3 lakh to 5 lakh

ROI – 1 -2 years

For starters, this is an ever-bloom business. There are always thousands of people around you in Chennai who wants to reduce their weight or enhance their posture. Your business should provide them a good ambience and equipment to reach their goal. You can also hire an instructor to help your clients. Promotional offers and discounts would help to increase your customer base. If you are ready to spend more, you can also opt for franchises which would increase your business opportunities.

Baby sitting services or crèche

Investment – 1, 00,000 to 2, 00,000

ROI – 3-5 years

This might look like a simple business, but it is not so. You need to have the best ambience to attract children and parents. Your curriculum for children should be interesting and educative. You should spend a lot to maintain hygiene. You should have equipment and structure which would keep the child busy throughout the day. Patience is very important. Today, there are a lot of working mothers in Chennai. If you are able to find a location where working mothers are found in abundant, you got yourself a business.

These ten are not the only business opportunity in Chennai. There are several other business ideas. Make sure to learn about the market, opportunities, threats and other environmental factors that might affect your business ideas before starting it. A complete research would help you to choose the right business. Apart from researching about the business, learn about government procedures like license, taxation and others in prior. Last but not least, these business opportunities are tailored for current market condition of Chennai. These tips may not work for another metropolitan.

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Business Opportunities

Top 10 Business Opportunities in Bangalore

business opportunities in bangalore

Are you planning to start a business in Bangalore? Bangalore is a mixture of various cultures. It is a hub where you can find a lot of software based business opportunities and also a lot of arts and dance classes. If you are ready to be creative and hardworking you can start your own business ideas in Bangalore and make a considerable profit within a short period of time. It is the fastest growing city in the continent. Thus, growth of your business would also be very high. This article talks about profitable business ideas in Bangalore.

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