At some point in life, you may feel tired of the hassles of a job and want to start your own business. However, starting a business requires funds. But what if you don’t have savings and don’t want to take a loan from the bank?
First, understand that while money is important to start a business, the most crucial thing is having a good idea. Even if you have just ₹1 lakh (or less), you can still start a business.
Starting a business doesn’t always require large investments. With just ₹1 lakh or even less, you can begin a profitable venture. The key is to choose the right idea, manage expenses wisely, and use smart marketing strategies. Here, we will share 5 business ideas that can be started on a low budget and generate profits in a short time.
1. Tiffin Service from Home
Busy people, students, and households where everyone works need home-cooked food. You can start a tiffin service from home. With an investment of ₹30,000 to ₹50,000 for groceries, packaging, and delivery boxes, you can market your service through WhatsApp groups, Instagram, and food delivery apps. If you charge ₹100 to ₹150 per tiffin and have 20-30 regular customers daily, you could earn ₹40,000 to ₹60,000 every month.
2. Blogging or Content Writing
If you enjoy writing, you can start your own blog or work as a freelancer. The cost of setting up a blog (domain registration and hosting) is ₹5,000 to ₹10,000. If you write well and know how to use social media and SEO, you can earn up to ₹30,000 per month.
3. Photography Business
If you are good at photography, you can invest ₹50,000 to ₹1 lakh in a camera and equipment. You can market your services through social media and networking. Depending on the type of shoot, you can earn ₹5,000 to ₹15,000 per photoshoot, making it possible to earn up to ₹50,000 per month.
4. Tuition or Online Coaching
If you’re skilled in a particular subject, you can offer tuition or coaching to students. You can invest ₹5,000 to ₹15,000 in marketing and earn ₹30,000 to ₹40,000 every month. You can also take online classes via platforms like Zoom, Google Meet, or YouTube.
5. Print on Demand Business
You can sell custom T-shirts, mugs, or mobile phone covers without holding stock. Just partner with printing companies to handle production and shipping. The investment required is ₹10,000 to ₹20,000. You can earn ₹200 to ₹500 on each product, making it possible to earn over ₹40,000 per month.
