What does it take to be successful in a business endeavor? Does it have a specific concept and make the right financial investment? We’re currently in the age of startups, making it an ideal moment to venture into entrepreneurship. It is completely understandable that someone has a high-value business idea but lacks the necessary financial resources.
In such circumstances, we have collected a selection of startup concepts that can be started with a minimum investment of Rs 10,000.
5 Business below Rs.10,000
Entrepreneurs looking to start their business with an initial budget of Rs 10,000 may want to explore the pickle industry. In India, pickles and chutneys are integral to many cuisines, yet making a wide variety of pickles is a daunting task. As a result, many people prefer to buy their favorite pickles in ready-made containers instead of making them themselves. To get started on this project, you’ll need fresh ingredients, a well-crafted recipe, and proper packaging materials. Developing a successful marketing strategy is crucial for business expansion.
Start an e-commerce business without the need for physical inventory by using drop shipping. You can set up an online store and partner with suppliers who will handle shipping and inventory. Your initial budget can be used for website hosting, domain registration and marketing.
Tutoring or coaching
If you specialize in a particular subject or specialize in a specific field, you can offer tutoring or coaching services. This can be done in person or online. Your initial costs may include advertising materials, online platforms, or transportation costs for in-person sessions.
Handmade crafts or products
If you’re creative and enjoy making things, consider selling handmade crafts or products. You can start small by making jewelry, candles, soaps, or other handicrafts and sell them online through platforms like Amazon, Flipkart or local handicraft fairs. Your budget may cover content and some initial marketing.
If you have a passion for creating content, such as YouTube videos, a blog, or a podcast, you can start a business around it. Invest in basic equipment like a camera or microphone, and use your budget for website hosting, editing software, or promotion.
Remember that the success of your business will depend on a variety of factors, including your dedication, marketing efforts, and demand for your products or services. Careful planning and management of your budget is essential to ensure the sustainability and growth of your business. Additionally, consider researching and complying with any legal and tax requirements for your chosen business model and location.
First Published: 05 Oct 2023, 16:05 IST