Generally, small businesses begin with whatever little capital you may have. Loans on very soft terms are also offered by community organizations and cooperative credit societies. You may consider procuring a loan to fund your small business idea.
Plan well for success
Remember, failing to plan is planning to fail. Therefore, plan your business well in advance before launch. Study the market for the product or service you plan to offer.
Further, acquaint yourself well with your prospective competitors and their offerings. Talk to people you trust and seek advise if necessary. Additionally, build a database of your prospective customers before launch.
New & Best Small business ideas
Once you have completed the above homework, you are almost set to open your small business with low investment. Here are 50 new & creative small business ideas with low investment that we recommend.
- Mobile phone repair/ accessories/ recharge
India will have nearly 300 million smart phone users by the end of 2017. Further, this figure will grow exponentially as more brands and cheaper variants enter the market.
Consequently, the demand for outlets and persons who offer repairs of mobile phones is expected to increase manifold. You can also sell accessories and credit recharge.
- Meal service (Tiffin)
One of the best small business idea for women. Nowadays, the demand for 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.
- Network marketing
Network marketing, also known as Multi Level Marketing is an excellent small business. However, you need to tie-up with well reputed brands that offer great products.
A search on the Internet will reveal some such major brands, whose products are always in demand.
Thanks to rising medical inflation, people nowadays look for unconventional health and nutritional products and supplements as well as skincare and beauty products.
- Small Online Business Ideas
There are various small business ideas that can be done online from home or office. You can start many of such ideas without investment.
We have already covered such business ideas here. You can check which is best suitable for you from the list of 160 business ideas.
Small business idea to start an Ethnic food store
Should you be well acquainted with the palates of various communities of India, you can open a small ethnic food store with low investment.
All you need 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.
- 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 mobile garage.
For this business with low investment, you will require a car, mobile phone and all the tools required to repair a stalled vehicle. All you need to do is, rush to the place where the vehicle is parked to perform repairs.
- Aquariums & fish
This is a small business idea you can enter with low investment and also from your home. For this trade, you need 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 special tanks.
Additionally, selling air pumps, fish food and decorative stuff for aquariums will net you more profits. Aquariums are also popular as gift items. However, you need to be well versed in handling various species of fish.
