A Suggestion on Startup Ideas to Start with Low Investments?
Talking about businesses that can be started with a very low investment, you can aim at the food industry. The margins in food industry is very high actually where trends never ends. If you invest wisely in food business your margins will be high with no doubt. On the other hand, small manufacturing is also a good idea to start. Because when you start a small manufacturing the investment cost will always low but if you find the right contractors and vendors then there are always a high possibility that the business will touch the sky.
Moving to the points there are numbers of best business ideas in India, that you can Start in food industry with low investment. Read the below Options:
- Dairy
- Ice Cream Parlour
- Fast Food Centre
- Pastry Shops
- Cafe
In food industry margins are very high. When you start a food business, numbers of things matter that you should keep in mind. The food business means taste is always preferred at first so freshness and quality in your food always necessary. Because once the quality in food go down, the name of your business also lower down. Several other factors also matters for your high margins.
A food business always should be started remaining these things in mind:
- Place of Business Choosen (It should be always user convenient)
- Quality (Always preferred at first)
- Contractors (More contractors means, business expand)
- Take Franchise from Big Brands
Benefits of Franchise from Big Brands:
Generally people think that taking a franchise will cost you more or most of the people are not even aware of this franchise system. But you will be surprised, as it is too easy to take franchise without having too much financial load. I too was not aware of the term franchise, but one of my friend Anil described the terminologies of it and how it is useful. The benefit of it is that, the brand name will help you to achieve the sale target. A high sale menas margins will be definitely high.
When you plan to start a dairy, you can start a franchise from Mother Dairy or Amul or Ananda or any other. If you want to start your fast food centre you can get franchise from Dominos and Mac’D. As same as if you are going to start a cafe you can also take a franchise from CCDA or Starbuck. TO start one if you are worrying about funding, franchise loan could be the best option to start.
How to Take Franchise:
You will take out a conversation with particular brand, and then an agreement will be place out there. In which you will be charged a certain amount wirth security fee. There will be different charge for different franchise and different margin on choice of products after franchise. The brand then will provide you Machines and all the necessary equipment.
It will be one time cost, or it may possible that you will be required to renew that franchise after a time period.
When you close your franchise that equipment then will be take back and closed.
2- With the Food Business you have also the Opportunity to start your own Small Manufacturing Business
An individual can easily save high with low investment in that kind of business. The machines will also not cost you high for such kind of business.
The numbers of ideas to start a small level of manufacturing are:
- Toothpaste Manufacturing
- Sleepers Manufacturing
- Grocery (Like Oil, Flour, Pulse Packaging)
- Incense or Joss Stick
- Candle Making
- Carton Creates Making
- Chalk Making
- Coconut Oil Manufacturing
- Concrete Block Manufacturing
- Stitching
- Cotton Buds Manufacturing
- Dal (Pulse) Milling
- Designer Lace Making
- Manufacturing of Detergent Powder
- Manufacturing of Soaps
- Envelope Making
- Eraser Manufacturing
- Production of Flour
- Manufacturing of Hair Brand
- Manufacturing of Ice Blocks
- Invitation Card Designing and Manufacturing
- Making of Jute Bags
- Manufacturing of Nut Bolt
- Manufacturing of Packing Box
- Rubber Stamp Manufacturing
- Tissue Paper Manufacturing
- Wood Goods Manufacturing
It should be consider that above all suggested small manufacturing business ideas neither will require heavy machines nor too much space to cover. It is possible that such space you could managed at your home easily. Because no more heavy machines will be required, also the raw material for above suggested businesses will be easily available, you will be not loaded by high costs.
If you think you can not afford any investment then still there are some investment options for you. Here are some good businesses with which you can make high profits without any investments or with a very little investment.
If you think you can invest a slight high to start a business, there are other more suggestions for you. As the time changing, modern-day bakeries are also investing their money in digital marketing which helps them generate sales lead online. This leads to the growth of the business at double speed. Some of the cafes in Delhi, Mumbai and another metropolitan can be started in less than the shared budget. All you have to do is be creative and design your cafe with the resources already available with you.
The other Business Sectors you can Aim at are:-
- Recruitment Services. You can start your own firm of providing recruitment services to other companies
- Event management
- Social media services
- Used car dealership
To fund your business irrespective of which one you choose, you can take a business loan or apply for the MUDRA loan.
About This Author | Aditi Ahuja
Aditi Ahuja is a noted financial consultant and adviser.
Joined: August 23rd, 2018
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