In this article, I am going to explain in detail 7 profitable businesses in India that you can start with minimum investment.
A business has the potential to transform your life, give employment, contribute to the economy, and solve the problems of people but businesses carry many risks, hard work, failure, and loss of money.
Make in India Government of India initiative helps thousands of Indians make their dream come true and motivates thousands of Indians to think for a change.
The government is now running many skill development programs to develop skills or expertise in people.
Government microloan schemes like Mudra Loan have helped many entrepreneurs expand their businesses and increase their business size.
In the age of digital technology still, many businesses have the potential to give you a huge margin and fast turnover.
Starting a business is not enough you have to consider every, and factor which is directly or indirectly influencing the business.
The covid-19 pandemic has badly affected life but brings few opportunities where you can think for a business like the healthcare industry.
The Healthcare sector is a rapidly growing sector and these types of sectors never face slowdowns or are affected by any type of economic crisis.
Fast-moving consumer product market(FMCG) like grocery has never-ending demand even in a frequently growing market and most of the multinational and national giants target this industry offline or online.
The COVID-19 pandemic has become a boon for companies like Amazon and Flipkart and you can the dramatic expansion of these companies’ businesses now Amazon delivers groceries in India and parts of India.
7 Profitable Businesses In India
Now you will learn post covid highest profit margin businesses in India that you can start with a small investment.
Every business has the potential to give you profit but that requires consistency, innovation, engagement, and deliberate practices.
Your understanding, risk-taking capability, potential, experience, visualization, self-affirmation, positive belief system, commitment, and deliberate practice are counted, and ultimately, these factors work as winning factors.
1) Medicines, Life Sciences & Labs
Pharma, life sciences & labs will be the most demanding and vital services during covid and post covid because the second wave has affected the community and peoples are more serious about their health and safety.
Covid-19 sample testing labs, safety equipment like PPE kits, masks, Glops, sanitizer, medicines, and vaccinations will be high in demand.
Adults and children will need care and healthcare to check for healthy and safe.
2) Online Education & Tutoring
Now digital technology has changed much in life and you have seen 2020 multinational companies practicing work from home and successfully operating their business process online.
A company like Google, Facebook, Apple, and much more practice working from home.
Online education has grown rapidly and classes, meetings, seminars, and conferences are operating online.
Now is a perfect time and a good opportunity to start an online education platform like Vedantu, Vidyakul, Toppr, Doubtnut, Adda247, Unacademy, Gradeup, and many more.
3) Remote Working Tools
Remote working tools will much helpful for businesses and firms in deploying employees to remote areas and completing business operations.
These remote working tools and SaaS applications will be huge in demand because they will facilitate ongoing projects without any hurdles.
Remote working tools like Time billing, GitHub, Trello, Miro, Slack, Google Suite, and Instagantt.
4) Retail Store, Ecommerce & Delivery Based Service
Retail stores, e-commerce & delivery-based services will be huge in demand because of the covid-19 pandemic, social distancing, and work-from-home practice.
Operating retail stores that serve door-to-door delivery of items can be a game-changer for you but you have good supply chain management and effectiveness.
Online stores operation will boost your business performance and you can see how the e-commerce business has performed in the past couple of years.
You can start with fashionable and affordable female dresses like suits, online handcrafted products, and other unique and low-cost businesses.
Freelancing is rapidly growing you can start blogging, affiliate marketing, website designing, graphic designing, financial service provider, and property management.
Content creating, personal branding consultant, marketing support, data entry, and many more you can do while sitting at home.
Freelancing has attractive income possibilities and you can develop your own part-time business.
6) Health, Wellness & Yoga Center
Health and wellness rapidly growing business because of the covid-19 pandemic that forces us to pay attention to health and wellness.
Online and offline healthcare tips, health and wellness centers, yoga, and meditation center are in huge demand.
Health and wellness centers will not cost too much you can start with an initial investment and by observing and earning you can add on more types of equipment and products.
7) Online Gaming
The online gaming industry has rocked the industry from the very past and the covid-19 pandemic has given a new fire due to social distancing, lockdown, working from home, and increasing app-based games.
Ban and restrictions on movies, and theaters, have given a new opportunity to the gaming industry and these industries have dramatically acquired a customer base.
As per recent research, due to the covid-19 and the absence of entertainment options during the lockdown, the online gaming industry has grown dramatically and will be expected to shift to $ 2.8 billion by 2022 in India.
Post covid-19 pandemic is showing a boom in a few sectors and these are the things essential for our economy and startups so that more employment can be created and revenue can be generated.
You have many opportunities only thing is how you can tape these opportunities.
Healthcare, medicines, healthcare equipment, meditation, yoga, and labs will be huge in demand because of fitness and immunity factors for people.
Retailing and door-to-door delivery of fresh vegetables can be good in demand and new business models definitely come into practice because of the covid-19 pandemic.
Organic products are very much in practice and now you can see people are doing agriculture for fresh vegetables.
You have been close enough and watch the changes and be prepared to tape the opportunities.