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Friday, December 9, 2022

12 businesses you can start in less than Rs. 10,000

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Owning a business gives you many lifestyle advantages. As you are in charge, it’s all up to you when and where you want to work. Though there is a high financial risk, running a business of your own gives you the opportunity to make money than if you were employed by somebody else. You are benefitted from your own hard work.

Want to work for yourself but don’t have enough cash to invest in a startup? Well, you just need to funnel your dedication and time into an idea that will make you proud and help you earn extra cash. From childcare, party planning to wedding management, photography, and ghostwriting, there is a business for every skill level and budget. You can start these businesses on a full as well as a part-time basis. Your location can be your client’s home, a work van, a small store, or even just a website. You can advertise locally using fliers or set up your own shop with a website and online advertising campaign. Here are some of the business ideas that you can start for less than Rs. 10,000.

1. Mobile Recharge Shop

In the world of online recharge, most of the mobile users prefer to visit a recharge shop for filling their balance. So if you are looking to practice this business, you can start by renting a space in a small local shop. This rent will be your primary expenditure. Then you will need to form ties with that particular area’s network providers like Airtel, Vodafone etc. You need to pen down the commission rates where they will receive a part of your profits. If you are not looking to rent out a spacious shop in any expensive real estate property, your overall cost is bound to feature below the Rs. 10,000 scale.

2. Tuition centre Business

Due to the near zero starting cost requirement, it is one of the cost effective business to launch. Most of the tuition teachers prefer to take tuitions at the comfort of their own home. This eliminates extra expenditure on rent and supplies. The only effort that you need to put as a private teacher is to advertise yourself on the social media.

3. Breakfast joint

You may have noticed that the little breakfast and tea stalls across your city are always filled with many customers. This is so because as a commodity, food will always do well in a competitive market. For opening up your own breakfast joint, first you have to receive a permission from the respective authorities. Then you need to invest money for renting a space for your stall. If your rent is around 5000 a month, you can make use of the rest of your budget for buying groceries, utensils as well as second hand chairs and tables.

4. Garment tailor

The demand for good tailors has increased tenfold specially in cities like Kolkata, Mumbai and Delhi for the increasing popularity of self made designs. You need to spend some money on a small rented space. Apart from this, you need to invest in other necessities like a powerful sewing and stitching machine and electricity. So the total budget fits easily within Rs. 10,000.

5. Blogging

In this digital age, blogging is one of the most lucrative fields to tap into. Professional blogging needs only a small amount of start-up costs. You only need to invest in a domain name and hosting space which costs a maximum of roughly Rs. 3600. For promoting your blogs through the right channels, all you need is the cost-free and limitless expanse of the internet.

6. Event organising

Event managers barely need to spend time in their office. They are best at managing, checking out many venues, scheduling performances and most importantly being on the field 24/7. So their demand revolves around brand image and popularity. So this is a good online marketing strategy. Also, the overall start-up cost for building this brand is less than Rs. 10,000.

7. Online courses

Any form of education is priceless in its own way. However, it can be priced up for good value. To develop and run an online course for the students who are interested in learning any particular subject is a profitable feat. Some of the online course providers offer free courses on their own personal websites. However, most of them tend to tie with digital content companies to get the tools that they can make use of to carry out their lessons. For this, you only need to pay for your domain name and hosting space or to the digital content platform to feature your course in their platform.

8. YouTube channel

YouTube is a hotspot for talented individuals who want to get great returns with little monetary investment. This platform allows its users to create independent channels where they can upload their videos for free. Not only this, it pays those YouTubers whose channels are popular. You can start your own channel with zero investment on this platform and start earning. All you need is dedication and hard work.

9. Dance/ music school

If you are looking to run a dance or music school, the only investment that you need to carry out is in rental space. Apart from this, the business runs on their skill as an instructor and their presence in respected circuits. As the business grows, you may need to set aside an amount as the salary for the assistant and associates. In the initial stages, the trick is just to make sure that your school is being recommended by the people to the potential students.

10. Photography

Assuming that you already intended to take up photography as a profession, its of no doubt that you would already possess a high definition camera. Without taking the latter’s cost into consideration, as an aspiring photographer, the only investment you need to make is your time to build your profile online.

While each of these business gave its fair share of risks and surmountable barriers, they also have the potential to become great success stories. All you need is dedication and hard work, and your success will automatically make it’s way.

11. Influencer marketing

Influencer marketing is another great business option to start with less investment. It involves marketing products to those who have a sway over the things other people buy. The market influence stems from the popularity and reputation of an individual. Marketing to an influencer’s audience is the same as that of mouth marketing. However, it doesn’t rely on explicit recommendations. Influence can come from anything – whether a person, group, brand, or place. This type of marketing is unique because it doesn’t appeal to the needs of the customer but the influencer.

12. Freelance nail technician

There are advantages to becoming a freelance nail technician. You are your own boss here & choose when you want to work. You just need to spend money on the rented space which you choose to set up a business. It’s completely up to you. You can also choose your location by yourself. As a solo freelance technician, it can take many years to build a client base consistent. Customers who book nail technicians for at-home treatments also give you the scope to earn more money.

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