Launching a startup with little cash and making a lot of money seems to be hard, but you can do it. Find out 10 small business ideas that require little money.
Every business wants to successfully turn ideas into reality. However, prospective startups frequently find themselves struggling – with investments and ideas before they even get started.
You need a great deal of commitment to start even a small business. But, you must be absolutely clear about your business idea before launching a startup.
Here are ten low-cost small business ideas for you to consider
1. Bags made of paper
More than ever, people are now opting for eco-friendly bags and packaging made of paper. Paper bags can be used to pack groceries, and many other things. You can start making paper bags on a small scale with little money.
Automatic paper bag-making machines start about Rs 5 lakh and have a high capacity — several thousand units per hour. Semi-automatic machines are also available for less than Rs 3 lakh, although they require more manual labor.
Entrepreneurs must also invest in the acquisition of raw supplies such as paper sheets, ink, printing chemicals, tags, and so on.
2. Eco-friendly soaps
If you want to establish a small business, organic soaps are a very niche sector to enter. Such soaps are high in demand as they as used by billions of people daily.
To begin a small herbal soap business, you will need raw materials such as glycerine, herbs, essential oils, moulds, a microwave, and other items. Scaled production necessitates an investment of between Rs 1.5 lakh and Rs 2 lakh.
You might begin your business at home or in a separate modest area. If you want to learn how to make soap, there are several government courses available.
3.Tempered glass for smartphones
Despite the fact that the global smartphone market is contracting, India’s smartphone market is expanding. According to International Data Corporation, the Indian market shipped 32 million units in the first quarter of 2019. (IDC).
Smartphone accessories, such as tempered glass, are very popular. These are created in high-temperature devices that heat and then rapidly cool the glass.
The glue, which ensures that the tempered glass adheres to the smartphone screen, is a necessary component of production.
Tempered glass producing equipment with low capacity cost around Rs 75,000, while big capacity machines cost more than Rs 1.5 lakh.
4. Candles made by hand
Candles have traditionally been used for religious and decorative purposes. They are always in demand, making hand-made candles a lucrative business.
Candle-making can be started from home with a small investment of around Rs 20,000-Rs 30,000.
Pickles are widely consumed in India. As a result, if you want to start small, a pickle business is a safe and simple choice.
Indian pickles are in high demand in the country as well as overseas. You can start this business from home with a minor investment of Rs 20,000-Rs 25,000.
6. Chocolates created by hand
Every person loves a bar of chocolate, due to which making chocolate can be a lucrative business. You need an estimated capital of up to Rs 50,000 to purchase raw ingredients and packaging.
However, if you want to deploy a piece of machinery on a wider scale, the cost can range between Rs 2 lakh and Rs 3 lakh.
The thin, crispy papad is a frequent complement to most meals in India and people like to eat them at a variety of functions, celebrations, and parties. Due to this, the demand for papads is constantly strong.
Once basic ingredients like as wheat flour, spices, and oil are obtained, the manufacturing procedure is rather easy. The large-scale papad production market is highly competitive, but entrepreneurs can get started with a little investment of Rs 30,000-Rs 40,000 and sell to local department shops.
8. Coconut Hair Oil
People are becoming more cognizant of the importance of using natural goods. When it comes to health and beauty, many people are willing to spend a premium for high-quality items. As a result, creating a coconut hair oil unit can be a profitable small business venture.
This low-cost business concept requires an estimated expenditure of Rs 1 lakh, which includes machinery setup. You can begin by dealing with manufacturers, renting out a small farmland, or working with farmers in your neighborhood.
9. Throwaway cups and plates
Disposable food-grade plates and cups are widely used in India for festivals, functions, picnics, and so on. They are also often utilised by street sellers and hawkers.
The market has matured since they are widely utilised and have been economical to produce for a long period. They are typically made of paper, which has evolved as a viable alternative to plastic, steel, glass, and other materials.
Paper for making paper plates and cups can be obtained at a minimal cost from local scrap businesses. The majority of the money is spent on purchasing throwaway plate-making machines.
10. Bags made from jute
This biodegradable and reusable “golden fibre” is becoming more popular by the day.
With the world heading toward a plastic-free future, a jute bag manufacturing firm is an excellent investment. Different varieties of bags are available on the market and can be used for a variety of purposes.
This business requires a minor financial investment of roughly Rs 50,000-Rs 1 lakh to get started. You can start with a modest area of roughly 500 square feet.