Once you have completed the above homework, you are almost set to open your small business with low investment. Here new & creative small business ideas with low investment that we recommend to start in 2020.
1. Nursery & garden requirements
Once again, this is a great small business idea with low investment. Due to increased awareness about environment, many people now maintain small plants and shrubs at their apartments and offices.
You can open this business from your home. Additionally, you can sell packets of fertilizers, seeds and other garden requirements.
2. Pet care
Understandably, people love their pets. However, while travelling for holiday or business, they are unable to take their pets along. Hence, people look for services that will care for their pets while they are away.
If you are well versed in handling pets, this is a great business you may consider. Again, this is a small business that requires low investment.
3. 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.
4. Cakes & bakes
Armed with a good oven, you can open a low investment business making cakes, muffins, cookies and other bakery items
This small business has huge potential since consumers are always looking for new, better tastes at economical rates. You will however require great skills in preparing these baked delicacies.
5. Gardening services
Individuals and housing societies owning gardens generally are unable to attend to their favorite and sometimes expensive plants, trees and lawns.
Therefore, they look for small businesses that can perform the required task.
You will need to invest in some gardening equipment and hire manpower to enter into this small business, which is also round-the-year in demand.
6. Handicrafts-(Creative small business idea in India)
An excellent low investment small business anyone can start is buying and selling handicrafts. Generally, handicrafts are made in rural areas.
However, glitzy showrooms charge exorbitant rates for the stuff, which they usually procure fairly cheap.
You too can enter this huge market by buying handicrafts from different regions near you and selling them at reasonable rates.
Once again, the market for handicrafts is always high because they are also given away as gifts or used for home and office décor.
7. Renting scooters and motorcycles
Tourists, salesmen and small business owners look for hiring scooters and motorcycles while visiting a town or city.
Renting such two-wheeler saves them precious time and offers the ease of commuting. With a small investment, you can open a scooter and motorcycle rental business.
You need not rush into buying a fleet of vehicles. A couple of two wheelers will suffice to begin with. However, you will need to get proper licensing, insurance and permits before renting out these vehicles on short term basis.
8. Homemade chocolates
With some chocolate making skills and little investment, you can enter into this highly profitable small business idea. Homemade chocolates are sold by almost every major pastry shop and gift store.
They are in high demand since their taste is much different from bulk manufactured varieties commonly available in the market.
Several companies order homemade chocolates to send as gifts to their business associates. Such chocolates are in great demand during festive and wedding seasons too.
9. Stationery supply
Schools, colleges and other educational institutions as well as businesses require bulk stationery. These includes customized letterheads, business cards, envelopes, invoice books, receipt books and motley others.
With little investment and some contacts, you can enter into this evergreen business. You will need agreements with printing presses and a few samples to enter this profitable venture.
10. Used laptops
Considered a luxury some years ago, laptops are ubiquitous now. Shopping trends indicate, people sell their used laptops and buy those with the latest features and higher configuration.
Despite, there exists a huge market for used laptops. Buying, refurbishing and selling such used laptop is a low investment, high returns business you can consider.
11. Party services
People hold parties for various reasons. They are held round the year to celebrate birthdays, anniversaries and other special occasions. With this low investment business, you can offer various services.
These include decoration of the venue, conducting games, mascot appearance, buying and packing return gifts, among others.
12. Travel services
Offering travel and related services can see you make instant profits. Tie-up with long distance bus services, offer online reservation of rail tickets and reserve hotels at various destinations for clients.
You can also add local sight-seeing and other requirements for your customers. You can either collaborate with a major travel agent or enter into deals with service providers and get commissions for every reservation you make.
13. Medical sample collection
This is yet another rapidly growing, low investment small business idea in India. It simply means you collect blood, stool, urine and sputum samples from patients, from their homes.
These samples are for delivery to pathological labs that will test them and issue medical reports.
The reports have to be home delivered to the customer. You will require a vehicle, equipment to store the bio-hazardous material and skills in extracting blood samples.
You will need agreements with pathological labs before entering into this business.
14. 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 repair.
15. Ice cubes
Understandably, this is a complex business. Especially, since ice cubes sold in the market nowadays have to conform to specifications prescribed by Food Safety and Standards Authority of India (FSSAI).
However, with proper equipment, clean water and proper packaging, you can enter this lucrative market of selling ice cubes in bulk to restaurants and bars and retail to consumers.
You will require FSSAI certification for your ice cubes.
16. Wedding gowns
Earlier, wedding gowns were the mainstay of the Christian community. However, over the years, the concept of wedding gowns has become popular among people of other faiths too.
Bollywood movies have also contributed immensely to popularizing the wedding gown.
For men and women who are adept at fashion designing, making wedding gowns is a great, low investment and high returns small business idea.
Additionally, you can also offer other fashion wear to ensure income round the year.
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