5 Emerging Small Business Ideas in India
In this growing expensive world one should also look for the second source of income. 2015 will be a great year for you. Some people want to start a new business for the sake of flexibility, some are just fed up with cruel bosses, and some are just looking for an opportunity to make more money than they would have, as employees. In this article, I would provide 5 Emerging Small Business Ideas in India that are trending now.
5 Emerging Small Business Ideas in India that are trending now
1) Real Estate Agent – Risk – Low (but some legal Risk)
You no longer have to be involved in the real estate business as much as real estate agents were in the past. There’s so much data online about houses being sold, that you can basically do a mix-and-match. Have people coming to you with their requirements, do the search, and take a small commission of the deal.
You would have to cover yourself legally, though. You have to do things so they would be transparent enough and legally documented well enough, to actually get what you deserve for this provision of service.
These brokers will minimum charge 1% to 3% of the total value of the property. For example if the total value of the property is Rs 50 Lakhs they minimum charge an amount of Rs 50,000 each (total value * 1%) from both the buyer and the seller.
2) Clothing Business
In the present trend, especially working women is looking for an end to end point in one shop for kids, men’s wear and women’s. For example if there is an festival (or) wedding (or) house warming ceremony or any other occasion, they look from Saree to blouse designing (including blouse stitching to designing the blouses with heavy works) they are trying to do it with one step.
Let us take live example of Reddy Brothers in Hyderabad. They have open a small shop in Hyderabad, now his turnover per month is running in Crores. Especially in India clothing business is growing a lot.
Another best way to attract customers is to give them redeemable points.
This is one of the top emerging small business ideas that are trending now.
3) Health Clubs for Millennial
As per the latest trend reports it has been noticed that from the teen to mid aged group people are drinking alcohol less than ever and focusing more on the health and fitness. This indicates health and fitness services are emerging and becoming a trendier.
Open a health club and fitness center and target specifically to millennial and this would be a best way to capitalize. You can focus on creating a strong, fun and engaging social media presence to really connect with young members.
4) Mobile Food Courts
Under this business idea, you would prepare food and supply through van at specific places. It would work like a fast food restaurant, but would be served through vans. A van is less investment than a brick and a mortar restaurant.
Choose a right place especially in IT hubs, Bus stands, Railway stations and Airports. With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.
This business is really best suitable for a joint family (or) a partnership firm .
According to the recent survey it has been noticed that the failure rate for food trucks is just 10 to 20% when compare to the restaurant. Hence we feel this is one of the best emerging small business ideas.
5) Software Training
If you are technically having sound knowledge on the subject then it is really very good to start up a training sessions and you can get paid to pass your knowledge on to professionals and amateur (unskilled person).
Technical manuals are available for the programs but they are very costly and it is very difficult for average user to get through. The best way is to schedule small group workshops or private sessions and charge by hour for full tutorial of the program. This is specifically better for the people who can be done for part time job.
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Team – Allbusinessideas.com
Emerging Small Business Ideas in India