10 Successful Business Ideas in 2024: There are usually many ways to start a business, but low-investment business ideas allow you to focus less on logistics and start-up costs and more on starting the business.
These low-investment business ideas are great options for beginners, bootstrappers, or busy people that allow you to pick up a side business without having to give up your main occupation, such as your job or whatever you do for a living.
10 Successful Business Ideas in 2024
To run any business smoothly, you must have enough confidence to utilize your skills to the fullest and overcome any kind of future challenges that may come up during the business.
Tuition/Coaching Classes
What was your favorite subject in school? Are you a wizard at math or do you have a special chemistry with chemistry? If yes, then with a room, a few chairs, a board, a marker, and a duster, you can start teaching any subject you are proficient in.
If you know a foreign language like French, Spanish, or German, you can easily teach lessons in such languages and start a small business without any major investment.
Customized Gifting Store
A customized gifting store is one of the successful business ideas with low investment. In this business, you can choose the option that suits you and get many opportunities to boost your sales.
The idea of giving custom gifts is unique because it helps people celebrate important dates and by doing so they are able to easily express the affection and love feelings hidden inside their hearts. You can differentiate your business by offering unique items and customizable packaging.
Breakfast Joint/Takeaway Counter
Food is one of the three essential necessities of life, which makes it a good option for people to join the F&B (food and beverage) industry and open a business. Of course, a start-up business does not need to be a full-fledged restaurant from the start.
Anyone can start this low-cost business with just a few core dishes like a nutritious traditional breakfast with some snacks as add-ons.
Wedding Planner
Event/wedding planning is a good business idea with low investment. In this business, wedding planners can ensure a theme for the wedding. In this, planners, decorators, and caterers are in their place and in a way plan and organize the entire wedding ceremony.
This requires initial capital investment for staff, logistics, and arrangements, for which you can know about small business loan options.
Cooking Classes
The popularity of TV shows like Master Chef is increasing day by day in India. So cooking classes can be a good business in India. It requires very little investment but can earn good profits. All you need to do is arrange for a kitchen and equipment, associated infrastructure, raw materials, and cooking ingredients.
You can start this business by taking a small business loan from a financial services company. Once the cooking classes are up and running, you can run multiple batches at different times at the same location.
Tailoring/Embroidery Shop
As a start-up business, tailoring and embroidery have been a must for many decades and are usually home-based businesses that receive and fulfill orders on behalf of small boutiques.
But a good idea improves the chances of emerging as a successful business in the future, especially in big cities where tailoring services are in great demand. To do this business, one has to undergo the required training and have enough experience to improve the chances of success in this small-scale business venture.
Driving School / Cab Service
If you have good driving knowledge and can afford a car, then you can start a driving training business for people who do not know how to drive. With a single vehicle (car), you can teach 10-15 people to drive a car in a month. In this business, you can earn a good income with minimal investment.
To expand the business, cars can be expanded, more driving instructors can be hired, and the business can be expanded. To grow the business, the capital requirement of the business can be met by taking a small business loan.
Ice Cream Shop
Despite being a seasonal business, ice cream parlor is a successful business idea in terms of small business. The investment required to start this business includes buying a franchise of a specific ice cream brand and secondly having a shop or space to set up a counter at one location.
Fitness Centre
Anyone trained in the field of fitness can start a fitness center. The space and equipment can be rented or bought. The space can be used for about 16 hours a day as people prefer to visit fitness centers multiple times a day.
This business idea is a low-investment business idea and if a person interested in opening a center cannot afford it, he has many ways to get a small business loan.
Also Read -:
- Paytm Loan Scheme 2024: You can also take a personal loan of up to Rs 5 lakh, apply online!
- 9 Small Business Ideas: Do you want to start your own business?
- Debit Card Loan Yojana 2024: Now you can take personal loan from debit card!
Day Care Services/babysitters
In today’s modern India, the concept of a crèche in the office for the working mother is yet to come into being, and as women continue to work even after marriage, it is evident that the demand for daycare services will continue to rise.
As a full-time business, daycare services, crèches, and even babysitting have been around for decades, especially in big cities where there are a large number of working women and nuclear families.
FAQ
1. Which is the 12-month running business?
12 month running business is mobile shop, vegetable selling, grocery shop, content writing, YouTube, blogging, breakfast shop, dry fruits business, fruits, video editing, web designing, digital marketing service, coconut water, tissue paper, clothing business, spices business.
2. Which is the most profitable business?
Highest earning business – Tiffin service If you know how to cook well and you are wondering which is the best business in the world. Then tiffin service business can be a good earning business for you.
3. Which business has the highest margin?
Products with the highest profit margin are those in which the cost of making something is much less than the price paid by the customers. Specialty products that cater to a specific market, such as children’s products and candles, are known to have high margin potential.
