Business Idea: Nowadays, everyone wants a career that doesn’t depend solely on their job. People often consider starting their own business to generate side income, but are put off by the thought of investing lakhs of rupees. This is a myth, With the right mindset, hard work, and understanding of the market, you can build a successful business with an initial investment of just ₹1 lakh. We’ve brought you three business ideas that are rapidly gaining demand. Find out how much investment they require and the earning opportunities.
Home Bakery Business
Everyone loves food, and the demand for cakes, cookies, or pastries is always strong. That’s why home bakery businesses are growing rapidly and can be started for just ₹1 lakh. The initial cost includes a good oven, mixer, molds, and some essential ingredients, which together will total around ₹1 lakh. You can make and sell cakes, brownies, and pastries from home. Promote your products on social media and start delivering with good packaging. Starting with local orders, you can expand to online delivery platforms. With the right taste and artistry, this business can generate a good income.
Mobile Repair Service Shop
Mobile phones are a basic necessity these days, and they require immediate repair if they break or malfunction. Mobile repair is a business that can be started with little capital, yet offers good profits. With an investment of approximately ₹1 lakh, you can receive training and set up the necessary tools, some equipment, and a small working station. You can initially start from home or in a small rented shop. Once you have regular customers, you can expand your shop within a few months. New phones are released every six months, so there’s always a constant demand for this business.
Digital Marketing Service
If you’re familiar with social media, websites, and online promotion, digital marketing can be a highly profitable business. Today, every business, large or small, wants to be visible online, which is driving a growing demand for experts. All you need to get started is a laptop, internet access, and your skills. Your initial investment will be no more than ₹1 lakh. This can be used for training and the necessary software. You can start working on freelance projects. If you find the right clients, your earnings could reach over ₹50,000 per month in just a few months.