live in an era where inflation is rapidly outpacing income. In recent years, inflation has impacted every essential: food, housing, healthcare, transportation and education, among others. People with regular, fixed income find their earnings insufficient to run a household. Being unemployed are luxury that few can afford. Given this scenario, it is best to open a home based, micro, small or medium enterprise either to augment your income or earn a decent living. Thanks to impetus and facilities offered to budding entrepreneurs nowadays, you can easily start your own business.
There are multiple options for to start with 10,000/- rupees investment. There are many businesses that you can choose to start with a shoestring budget. In India, these small businesses have a significant contribution towards the economic development of the country.
But as Walt Disney said, “If you can dream it, you can do it.” On that positive note, here are a few business ideas that we believe can be launched within an initial cost of Rs 10,000:
This is possibly one of the most cost-effective businesses to launch, due to its near zero starting cost requirement. Most tuition-teachers take classes in their own homes, thus eliminating any expenditure on rent and supplies. The only effort you need to put in as a tuition teacher is to take to advertise yourself on social media or go the old school way with flyers and ‘word-of-mouth’ recommendations.
YouTube Business Idea
There are people who are making millions just by publishing interesting videos on YouTube. Not only money, you can also get fame through YouTube.
There are 3 steps to start this business-
- Create interesting videos
- Signup & upload videos on YouTube
- Join YouTube partner program & start earning
This ultimate money making YouTube guide will show you everything from scratch to start this business.
Mobile recharge shop
Even with online recharge, in India most mobile-users prefer visiting a recharge shop to fill their balance. So those looking to practise this business can start by renting a space in a small local shop. This rent will be the primary (monthly) expenditure. You also need to form ties with the network providers of the area, such as Airtel, Vodafone, Idea etc., and pen down their commission rates, where they will receive a cut of your profits from the sale of the commodities taken from them. Assuming that you aren’t looking to rent out a shop-space in any expensive real-estate property, your overall costs will definitely feature below the Rs. 10,000 scale.
Fruit juice kiosk
Who doesn’t appreciate fresh fruit-juice on a sweltering day? To tap into this lucrative business, you have to start by requesting for a permit to open a kiosk in a chosen locality, preferably one that is hard to miss. Following this, you will need to pay rent for shop-space. Other than this, the only other investment you need to put your money up for is for the purchase of the raw materials, supplies like machines for making the juice, and the salaries of the employee(s) making the juice.
In cities like Kolkata, Mumbai, and Delhi, the demand for good tailors has increased tenfold due to the increasing popularity of self-made designs. Other than a small rented space, you only need to invest in powerful sewing and stitching machines, and of course electricity.
Web Designing and Coding
Web designing and coding for various software applications is great IT business. It can be done on small scale level. Minimum investment is Rs.10,000. You need to learn web designing, PHP, WordPress etc. to make quality websites for your clients. There are various ways to get the clients for your business.
eBook Writing and Podcasting
If you have passion for writing and want to publish your book and not getting any publishers then you can write an eBook, publish it online & make money. You can set price and sell online. All the technical details you will learn online.
Assuming that you intend to take up professional photography, you may already are in possession of a high-definition camera. Without taking the latter’s cost into consideration, as an aspiring photographer looking to take on independent projects, the only investment you need to make is your time in building your profile online.
Can you imagine a world without tea? What would we do with our evenings? While the tea-industry as a whole has done exceptionally well over the decades, the smaller tea stall owners have definitely been reaping the benefits of their overall success. Besides a basic budget for renting a small room or stall for space, the only other investment you need to make is on buying tea from the manufacturers and purchasing makeshift benches and tables.
Online Home Business
This is one of the easiest online business you can start today. You can find number of options in this category and almost all business ideas are without any investment. Only thing you need to start this business is training. You can also write content online for various publications. Websites like Upwork, Elance etc have companies that need content writers. You can take up projects and finish it on time and deliver it. You can also start giving data entry work to others. However you have to take projects from the company who is willing to outsource this job to you.
Just prepare a list of the business ideas that you liked from the list and shortlist on 1-2 ideas that you can start in next few days. If you have any query with any business ideas, then write through comment & we will try to give you a solution.