Top 20 Business| 20 Business Ideas You Can Start With 5 lakh ~Rs!
Click on “image” for read out more intresting Business idea related posts
Sabeer Bhatia founded Hotmail in 1995 with his notion of a free, Internet-based email service accessible from anywhere in the globe and initial money from pioneering venture fund Draper Fisher Jurvetson. On July 4, 1996, the service went commercial. The concept was adopted by 8.5 million people by December 1997. That month, Microsoft Corporation, the world’s largest software corporation, paid him $400 million for it.
That is the strength of a good concept. Businesses like Hotmail have altered the norms of beginning a new business in the recent decade. The first myth that has been debunked is that it requires a huge amount of cash to get started. The second idea to disappear was the requirement to create a physical product to sell. Their collapse has been aided in no little part by the general public’s increased access to the Internet, as well as the growth of services, rather than manufacturing, as a massive and rapidly rising industry.
Furthermore, the rise of angel investors, venture capitalists, and private equity firms has made funding a new business simpler, but not straightforward. The capacity to identify unmet requirements for products or services is the first new necessity for next-generation enterprises, referred to as the big idea by veteran advertising professionals.
Clean a shoe, one, two… Consider the instance of Sandeep Gajakas from Mumbai. He noticed a lot of generally well-dressed folks walking around in costly but filthy shoes. This was due to the fact that traditional procedures were insufficient for cleaning high-tech branded shoes made of various materials and textures.
20 Startups You Can Start With Rs 5 Lakh Or Less
|
Business |
What’s it about | Skills needed | Amount you need to start (Rs) | Gross Profit (%) | Break-even period | Company in the Name | Business Entrepreneur(s) |
| Ultra-short temping services | Arrange temporary manpower for event managers. There are young people reaady to make some quick money and event managers are looking for more hands. | Networking | 1,000 | 20 | 10 months | Radicals, Mumbai | Chirag Bhatia, Varun Parekh |
| Shoe wash | Canvas shoes were cleaned earlier with just detergent and an old toothbrush. But people who wear today’s fancy sneakers prefer paying a bit to have them cleaned by experts. | Knowledge of using the chemicals involved, marketing | 7,000 | 40 | 3 months | Shoe Laundry, Mumbai | Sandeep Gajakas |
| Food delivery | How do you lay out a dinner spread with the best dishes from the best restaurants in town? Or, get food from your favourite resturant? A specialist food delivery service can do just that. | Marketing and sales | 15,000 | 20 | 2 months | Dial-a- Meal, Hyderabad | Pani Kumar Reddy |
| Uniform making | B-schools are making dress codes compulsory for students. Law and medical colleges may do the same. Tie up with these institutions to deliver dresses at student-friendly prices. | Man management | 20,000 | N.A. | 1 year | Ecstacy Enterprises, Kolkata | Atiq Shah |
| Concierge services | Arrange services like medical treatment, babysitting and even plumbing for newcomers to a place. | Networking, communication skills | 50,000 | 10 | 6 months | Concierge 4 India, Delhi | Arvind Pandey |
| House keeping (hotels) | Help hotels keep their rooms spick and span. | Man management, communication skills | 50,000 | 20 | N.A. | Pristine Interiors, Delhi | Ritu Mukherji |
| Property management | Find a suitable workplace for business enterprises and save their time by doing all the cumbersome paperwork for them. | Marketing and sales | 50,000 | 50 | 1 month | E-States International,Pune | Sundip Joshy, Sachin Dhanwala |
| Telecom Business Consultantcy | With the spirit of entrepreneurship reaching new heights, leverage your knowledge and expertise to make business plans for budding entrepreneurs. | Networking | 50,000 | N.A. | 4 months | Tons Telecom, Bangalore | Sridhar Pai |
| Wedding planning | Weddings in India have unmatched opulence and are a long drawn process in some parts. Organise them for people who do not have the time. | Creativity | 50,000 | 15 | Depends on projects you get | TAB Events, Delhi | Rita Bhasin |
| Pre-recruitment and assessment exercise | There is a talent crunch in India. Help cos hire workers by preparing tests and then evaluating applicants on the basis of their performance. | Marketing and sales | 75,000 | 25 | 2 months | MeritTrac, Bangalore | Madan Padaki |
| Custom-making chocolates | Prepare the perfect food, chemically speaking, and serve in fancy wrappers. | Creativity, love for chocolates | 100,000 | 30-35 | 1 week | Rage Chocolatiers, Bangalore | Rashmi Vaswani |
| Bus service website | Inter-city bus service is booming. Create a webpage that shows all the bus routes and their rates and through which tickets can be booked. | Knowledge of IT, bus routes | 200,000 | 10 | 5 months | Red bus | Phanindra Sama, Charan Padmaraju, Sudhakar Pasupunuri, Bangalore |
| Custom-making festival gifts | Innovatively choose festival gifts for a client and have them appropriately wrapped. | Sensitivity, idea of direct gift makers’ outlets | 300,000 | 20 | 3 months | Sacred Moments, Mumbai | Prakash Mundhra |
| Online ads | Have a directory of websites and use your access to those in charge of them to get the right niche ad space for a client, so that he maximises his reach to his target audience. | Media planning, knowledge of Net, networking | 300,000 | 20 | 1 year | Ozone Media, Bangalore | Kiran Gopinath |
| Tank cleaning | Growing use of water tanks and concern for hygiene gives you a chance to displace the guy in dirty overalls and professionally clean tanks with the right equipment. | Tech-savvy | 400,000 | 30 | 7 months | TanClean, Mumbai | Sunil Uplab |
| Verification services | Informaton security is a big concern for BPOs. Check the background of prospective employees to avoid corporate fraud. | Networking with police, legal knowledge | 400,000 | 10 | 6 months | Pinkerton Consulting & Investigations India (PCII), Gurgaon | Krishnendu Biswas, works for PCII as MD |
| Travel guide | Pollution, long working hours, stress … customise trips to forests, fishing riverines and mountains for those who just wanna chill (Ye man!) | Knowledge about getaways, high fun quotient | 1,50,000 | 35 | 24 months | Outrigor, Bangalore | Sandeep Chakrabarti |
| Merchandising services | Merchandising by business establishments is growing. Do it efficiently for them. | Marketing, creativity | 2,00,000 | 10 | 15 months | Desk Digital Print, Delhi | Yogesh Bharadwaj |
| Revenue credit billing | Manage the credit finances of hospitals that are outsourcing this job. The quicker you recover money for your client the more the chances of success. | Knowledge of insurance, networking | 2,00,000 | 20 | 3 months | Health and Insurance Integrated, Noida | Deepak Mendiratta |
| Housekeeping (offices) | Help Shining India. Get its offices cleaned. | Man management, communication skills | 5,00,000 | 5 | 12 months | N/A | N/A |
There is no entrance cost. Gajakas is not the only one who has turned a good concept into a profitable business. Table 20 Businesses You Can Start With Rs 5 Lakh discusses ventures that do not require a large amount of seed money, taking into account both the initial capital outlay and the operating capital required to get things started. In each case, someone has made a success of it. And they can all be copied, yet the specialised expertise required by the majority of them creates an entrance barrier that keeps competition at bay and prevents them from becoming commoditized.
So, armed with a knowledge of chemicals and cleaning processes and Rs 7,000, he launched Shoe Laundry, a shoe washing service, four years ago. His service drew the attention of corporate executives, TV and film stars, models, and politicians, among others, who were willing to spend Rs 120 to have their expensive shoes looking like new. Today, his clientele include Yash Chopra and his family, and his monthly revenue has risen to around Rs 1.5 lakh. While he used to do all of the cleaning himself since he didn’t trust anybody else to handle it, he has now recruited help to keep his business thriving.
Determine a need. Cleaning a drinking water tank is one of the most monotonous tasks. Sunil Uplap, who lives in Mumbai, noticed tobacco-chewing, beedi-smoking workers cleaning one and decided there was a job to be done. So, in 1995, he founded TanClean, a company that employs sophisticated cleaning and disinfection procedures to provide drinkable water. TanClean already operates in 87 cities and towns, and Uplap is looking for more franchisees.
The dotcom bust of 2000 demonstrated that success cannot be achieved merely because the entrance barrier is low. However, Bangalore-based Phanindra Sama, Charan Padmaraju, and Sudhakar Pasupunuri demonstrated that good ideas may still be implemented through {RedBusdotin} It is one of the few websites in India where you can buy bus tickets in the same way that you can buy airline tickets. The investment is cheap, but perseverance is required to get beyond the early phases, according to Sama. According to Sanjay Anandaram, managing director of JumpStartUp, “bus service is frequently overlooked, although in India it is a $2 billion-plus (approx. Rs 8,000 crore) market.”
Pani Kumar Reddy of Hyderabad has devised a revolutionary method of bringing demand and supply together. His Dial-A-Meal service has partnered with eateries in Hyderabad to bring food to all areas of the city. Today, it is a household name in that city.
Bangalore-based Ozone Media, founded by Kiran Gopinath, is an Internet advertising network. It connects individuals who have Web advertising space with others who need it. He collaborates with internet publishers to expand advertising reach throughout the world. His original investment was only Rs 3 lakh, but his success demonstrates his ability to network.
Business breeds business. Sachin Dhanwala and Sundip Joshy of Pune-based E-States International will take off the difficult task of selecting the proper office space for businesses. “We will not only find a home or two, but we will also take care of all the paper work,” Joshy and Dhanwala said. The expanding boom has also created chances for professional housekeeping firms.
“With numerous malls and BPOs sprouting up in different areas of the nation, there is a lot of possibility for the success of such an enterprise,” says Ramesh Verma, owner of housekeeping service Collections in Delhi. “The true investment that a person has to make is their time and knowledge,” says Ritu Mukherji, owner of Delhi’s Pristine Interiors, which provides housekeeping for hotels.
Her company is built on her 16 years of expertise with the Oberoi group. Arvind Pandey’s eponymous Concierge 4 India also provides concierge services to expats. As more of them go to India, there will be plenty of opportunities for anyone who enters this profession.
Ride the wave. The rise of BPO has raised concerns about data security. Pinkerton Consulting and Investigations handles this by verifying potential workers’ qualifications. According to managing director Krishnendu Biswas, the “growth potential is huge.” Tons Telecom was founded by Sridhar Pai, a 15-year telecom industry veteran, to train newbies and even assist them develop business concepts. Event management is becoming more popular in India, and managers frequently require temporary help. Chirag Bhatia and Varun Parekh of Mumbai put them in touch with students looking to enhance their income.
Deepak Mendiratta has effectively used his insurance skills and knowledge to boost the revenues of Heath Insurance Integrated, a revenue credit billing firm situated in Noida. His duty is to manage the paperwork and issues that come when patients make credit payments and seek reimbursement from their parent organisation.
Do what you enjoy. Passion is essential in these endeavours. You’ll need a lot of it. Rashmi Vaswani’s Rage Chocolatiers in Bangalore is the result of Rashmi’s chocolate obsession. Two years ago, a casual chocolate preparation for a friend resulted in an order of 150 kg of customised chocolates, and there was no turning back. You, too, may put a new spin on an old favourite.
Weddings are growing increasingly extravagant as average wages in India rise, and a demand has emerged to creatively organise them for others. TAB Events, located in Delhi, has been doing exactly that. “Seed cash is small, but the most important thing to spend is time,” she explains. Prakash Mundhra of Pune has turned his talent for selecting presents for special occasions into a company. His Sacred Moments creates customised puja and celebration packages, even down to the agarbatti.
KNOCKING AT THE DOOR
Finally, we leave you with five additional business concepts that have shown to be successful in the West but have yet to get traction in India. Given that some areas of life are becoming more uniform throughout the world, it is just a matter of time until Indians begin to expect similar services as well. To that extent, we believe they have promising potential. Furthermore, you should be able to get started for Rs 5 lakh or less. Here we go.
Home examination.- Looking for a home to purchase or rent may be time-consuming. Many people would be thankful if someone could shortlist residences for them for a fee.
E-commerce website.- A website that makes it easier to locate the cheapest pricing for toasters, trucks, and everything in between is certain to attract a large number of visitors.
Payroll management.- This includes tax breaks at the source, PF contributions, and tax-advantaged investments. Clients to target: SMEs who cannot afford to spend too much money on administrative skills.
Website for Children’s- A website that provides parents with a selection of kid names from which to choose, as well as investment alternatives for saving for their child’s future.
Services for Warehousing. – The transportation of goods from warehouses to retail locations.
What are you waiting for, with so many options for starting small and thinking big? Go ahead and begin!
Read Out the Most Interesting Topics Links “Click On links”
Read Out the Most Interesting Topics Links “Click On links”
“Read More” And “Continue Reading” By “Click on Links”
Tips for Creating a Great Business | Blackhatworld Marketplace
Every small business relies on marketing to succeed. Make a plan that works for you by following these six tips.
A well-thought-out business plan is required by every successful company to outline its course of action. A marketing strategy is an important component of that plan because it specifies critical information such as how a company will differentiate itself from competitors and what the team will strive for.
While marketing plans do not always yield immediate results, they are still an important component of a business plan and should be given careful consideration. A comprehensive and effective marketing strategy can reveal opportunities by introducing new audience segments, altering pricing strategies, or distinguishing the brand from the competition.
Here’s how to put together an effective marketing strategy for your company.
How to develop a business marketing plan
A targeted marketing strategy has two objectives. The first is to keep customers engaged and loyal, and the second is to gain market share within a specific audience segment of your target audience.
Your marketing plan outlines the strategies you’ll use to achieve both goals, as well as the specific actions your marketing team will take, such as the specific outreach campaigns, the channels through which they will be conducted, the required marketing budget, and data-driven projections of their success.
Marketing is a science-driven commitment that typically necessitates months of data to refine campaigns, and an interconnected marketing plan keeps your company focused on its long-term objectives.
All marketing guidelines will revolve around the four Ps: product, price, place, and promotion. The following suggestions are starting points for developing the habit of returning to these four P’s on a regular basis.
1. Create an executive summary.
Marketing campaigns should not be viewed as separate functions. Marketing is the story of your brand as told to customers; its tone and characters, like any narrative, should remain consistent. An executive summary outlines your marketing objectives for the coming year and serves to connect each campaign.
Your marketing objectives should be specific, measurable, attainable, relevant, and time-bound, or SMART. These objectives should be aligned to achieve both internal and external harmony, telling a consistent story that informs customers of your precise message while building on previous chapters.
For example, you could set a SMART goal of increasing your company’s social media traffic by 15% in 90 days by creating four relevant, informative, and high-quality posts.
2. Identify your target market.
Before you can create a marketing strategy, you must first identify and comprehend your niche. Consider who you’re trying to reach. For example, if your company sells 30-minute meals, those who work traditional 9-to-5 jobs are likely to be in your market. Investigate that group of people to learn about their problems and how your company can solve them.
3. Differentiate your brand with inbound marketing.
Inbound marketing employs internal tools such as content marketing, social media activity, and search engine optimization (SEO) to attract a customer’s attention primarily through online communication. Content marketing can include informative blog posts, interviews, podcasts with relevant industry figures, or supplementary guides on how to best use your product. For example, if you sell cooking supplies, consider posting several fun recipes around the holidays that your tools can help prepare.
Each of these strategies empowers the others in a feedback loop to increase customer attention. A strong content offering can boost your search engine ranking, bringing more people to your website and social pages. You can then distribute those developed content pieces to a larger audience, which will improve your search engine rankings yet again. All of this can be accomplished without the expense of a celebrity endorser or a commercial advertising campaign.
4. Identify competitors that also target your customers.
No matter how unique your product or service is, there will always be competition for your target customer’s money. Small business owners rarely take the time to thoroughly research their competitors or identify companies outside their industry that are equally capable of luring customers away. Knowing who your competitors are, what their core competitive advantages are, and how they might react to your offerings – such as price cuts or increased communication – allows you to devise strategies to counteract such losses.
By identifying your competitors, you can develop ways to differentiate your business by providing consumers with what your competitors may be lacking. Examine how your competitors operate to determine how you can stand out and direct your target audience toward you.
5. State your brand position for your target customers.
Finally, your brand – and what it represents to customers – is your most powerful asset. You should be able to write a simple declarative sentence describing how you will meet customer needs and outperform the competition. The best positioning statements focus on solving a problem for the customer in a way that promotes the best value.
6. Budget the plan.
Consider the marketing budget you will allot when implementing a strategy. Marketing costs money for a variety of reasons, including paid advertisements, marketing software, events, and outsourced costs. Consider your budget when developing the plan so that you have money to spend on marketing tactics to achieve your objectives.
Note the estimated cost, assets, and time required to achieve the stated goals while drafting the plan and evaluating your course of action; this will help when it comes time to set the actual calculated budget. Any goals you set should be realistically achievable within the constraints of your budget.
Channels to include in your marketing plan
Once you’ve identified the components of your strategy, the next step is to create a blueprint for how you’ll reach your target customers. Aside from traditional print and broadcast media, here are three digital marketing channels that many business owners use.
Social media
Because every type of customer is on some type of platform – such as Facebook, Twitter, or LinkedIn – social media is an essential part of businesses’ marketing plans. You may be overwhelmed by the options, but focus on the sites that will benefit your company the most.
Brett Farmiloe, founder of internet marketing firm Markitors, advised businesses just getting started in social media to get to know their customers and the platforms they use.
“Find out where your customers spend their time and set up shop on those platforms,” he advised Business News Daily. “Develop an internal content strategy, [then] execute your strategy by posting branded content on your chosen platforms.”
Email
Though email marketing is not as new as social media marketing, it is an effective and popular option for small business owners. Companies can use email marketing techniques in a variety of ways, including newsletters, promotional campaigns, and transactional emails. Mailchimp and Constant Contact, for example, assist businesses in managing email drip campaigns.
Farmiloe advised distinguishing your email marketing efforts from the competition by segmenting your markets.
“Not all subscribers want to receive the same blast,” he explained. “Smart email marketers take the time to segment subscribers at the start, and then continue to segment based on subscriber activity.” Companies use segmentation to reduce unsubscribes, increase open rates, and, most importantly, increase the number of actions taken from an email sent.”
Mobile
The rise in popularity of smartphones and tablets has altered how businesses market to their customers. Companies are looking to implement strategies that reach customers on their devices because people have these devices with them almost all the time.
“Mobile marketing is disruptive,” said Farmiloe. “It is because of this power that a marketer can allow the consumer to decide how and when they want to receive marketing material.” As a result, almost every app includes the option to enable or disable notifications. With mobile marketing, the consumer must wield the most power.”
Monitoring results
Your marketing plan can become a reality with well-defined budgets, goals, and action items, as well as the appropriate personnel assigned to each. Consider how much money you’re willing to spend, the outcomes you want, and the tasks required to get there.
Analytical tools that monitor customer behaviour and engagement rates can help you plan your marketing strategy. Unlike billboards or commercials, digital channels allow you to evaluate each stage of the customer journey and gain insights into prospects’ unique patterns and intent. Intention can quickly turn into prediction, allowing your marketing team to create campaigns that reach target audiences at the right time every time.