The beauty and wellness industry is booming all across the world like never before. And this is the right time for starting a venture in this industry. In addition, the market is growing in both urban and suburban areas. The objective of crafting this article is to provide small business opportunities in the beauty industry for new entrepreneurs.
The opportunities in the beauty industry include broadly two sectors. These are manufacturing and retail. Furthermore, you can initiate retail business in two ways. Either by introducing your brand or buying a franchise.
In the Indian cosmetic industry, both electronic, as well as print media, are playing an important role in spreading awareness. Media makes aware the mass of the cosmetic products and developing fashion consciousness among the Indian consumers.
The demand for natural, herbal, and Ayurvedic products is on the rise due to strong promotional campaigns carried out by top players in the industry. In addition, internet retailers, beauty specialist retailers, and modern grocery retailers are rapidly growing in popularity and recording strong sales growth.
The beauty and personal care market has huge growth potential as a large number of products still, have only limited penetration in the country. With increasing awareness about health and well-being, the business of beauty is all set for exponential growth.
The major driving factors for the growth are increased disposable incomes, more product penetration, an increase of the growth of modern retailers, raising awareness of the beauty and personal care products, the rising aspirations of consumers, and last but not least the impact of strong economic growth. As a result, overall beauty and personal care constant value growth over the coming days.
Best 41 Beauty Business Ideas
#1. Beauty Shop
The online market for beauty products is growing day by day. If you are a manufacturer of beauty products or into beauty products distribution, starting an online beauty store is worth considering. You can check our article on how to set up an online shop.
#2. Start a Beauty Blog
If you are a beauty enthusiast and enjoy sharing views, think of starting a beauty blog. Check our article on How to Start a Blog & Make Money
Bindi is an essential traditional beauty item for women. Now the demand is growing for the designer bindi. The gross profit is lucrative for a small unit. In addition, you can start this business from home with a simple machine and equipment.
#4. Face Wash
Face wash is a specialty type of liquid soap. Not only women, nowadays there is a special face wash for men also. The demand for herbal face wash is also rapidly growing. You can start a face wash manufacturing business on a small-scale basis.
#5. Hair Oil
Hair oil market size in India is around Rs 8000 crore with coconut-based oil and non-coconut based perfume approx Rs 4283 crore. Furthermore, you will find different types of hair oil with different fragrances and ingredients. You can start a small-scale hair oil manufacturing business with a small capital investment.
#6. Herbal Soap
Herbal soap is gaining popularity nowadays. There are two different types of herbal soap available on the market. One is for hair and another is for the skin. This is also a good opportunity in the beauty industry.
#7. Kajal & Mascara
Kajal is a traditional item. However, kajal, mascara, and eyeliner are now essential items for daily or occasional makeup. The manufacturing process is simple and can be started as a small-scale unit.
Lipstick is an essential beauty product nowadays. In addition, the demand is growing rapidly. However, you will find a wide variety of lipsticks on the market. The range includes moisturizing lipstick, matte lipsticks, cream lipsticks, lipgloss, etc.
#9. Nail Polish
This is another product you can start production on small scale. In addition, the demand is also growing. However, there are different types of popular blends. You can start a nail polish-making business with small capital investment.
#10. Perfume Manufacturing & Selling
The fragrance industry is very lucrative worldwide. There are so many Indian and international brands in the market. You can start a perfume manufacturing business with low capital investment. However, you will need to pay attention to the R&D segment.
#11. Shampoo Manufacturing
Nowadays, shampoo is used daily basis as a personal care product. The shampoo comes with different specifications for men, women, and kids. Furthermore, the demand for herbal shampoo is also growing. The manufacturing is possible on a small-scale basis.
#12. Shower Gel
The shower gel or body wash is a popular alternative product of body soap. Generally, it comes with quality ingredients that help to moisturize the skin. In addition, the demand for herbal and organic shower gel is also growing.
#13. Sunscreen Lotion
The sunscreen lotion is a daily use product. Not only women, but you will also find men-specific sunscreen lotion in the Indian market. In addition, a lot of international brands entering the market to capture the market. You can start a small and medium-scale sunscreen lotion manufacturing unit with moderate capital investment.
#14. Talcum Powder
All groups of people use talcum powder in all localities starting from very rural areas to cosmopolitan cities. Talcum powder production is financially a lucrative business. However, you must ensure proper market penetration.
#15. Beauty Salon
The beauty salon is one of the most booming businesses in the industry nowadays. The services include haircut, hair styling, spa, facial, pedicure manicure, party makeup, bridal makeup, and much more.
#16. Cosmetic Store
This is a very profitable business. In addition, you can start in cities, suburban and even rural areas. However, according to the local demand, you must store the right product.
#17. Costume Jewellery
Costume jewelry accounts for the highest market share in the jewelry industry. Because of the low price every class of people can buy this item. You can offer your products to boutique retailers to keep a small stock. However, sell them first in your community.
#18. Hair Salon & Spa
A hair salon and spa is a specific type of beauty salon that offers only hair care services. In addition, this is a lucrative business as far as revenue is concerned.
#19. Men’s Grooming Lounge
This is a very trending business. The awareness of fashion and looks are growing in the men community. However, we will recommend this business only for metro cities.
#20. Nail Salon
Many people, particularly women, consider manicures and pedicures to be an “affordable luxury.” In addition, you can start a nail salon relatively inexpensively. You can also consider offering doorstep service.
#21. Skin Clinic
Generally, a skin clinic offers various skincare services with clinical analysis and treatments. The services include pigmentation reduction system, anti-aging treatment, acne clearing treatment, tan removing, etc. However, you can offer other value-added services like hair treatment, bridal makeup, etc.
#22. Tattoo & Piercing Parlour
Tattoo and piercing parlor is a very niche focusing beauty retail business. In addition, you can offer another value-added service like Mehendi. You can also sell piercing jewelry from your parlor.
#23. Yoga Studio
The Yoga Studio business in India is considered a profitable and lucrative retail venture opportunity in the health and wellness industry. Furthermore, this business demands a moderate capital investment to start.
#24. Anti-Aging Clinic
Basically, anti-aging clinics offer various treatments and advice to maintain good skin even in older age. The demand for this type of service is very high in metro cities. Additionally, you will need to provide the right advice to your clients. The business demands moderate startup capital investment.
#25. Body Piercing
This is another great business you can start with small capital investment. Nowadays, both men and women are fond of body piercing. However, you will need to check the licensing issues before starting this business. The business is highly profitable. Additionally, you can earn more revenue by selling pieces of jewelry too.
26. Cosmetics Retailing
The cosmetics industry holds the major share in the fashion and beauty industry. And you can start a cosmetics retailing business in several ways. You can sell from a brick-and-mortar store. Also, you can consider selling from online marketplaces. Even, you can start cosmetics retailing from your own website and blog.
27. Designer Blouse & Tops
A blouse is an essential readymade garment for women. Generally, this apparel was popular in the Asia Pacific region in ancient times. And women used to wear blouses as the daily wear. Nowadays, with the changing fashion style, the designer blouse is increasingly popular globally. And women can drape a designer blouse with sarees, lehenga, and even with some western outfits.
28. Fitness Club
Fitness and wellness are multi-million dollar industries these days. One out of every five Americans is heading to the gym or at least paying for a membership. And this makes the fitness industry so lucrative. Globally there are over 180,000 fitness clubs, estimated to have earned $84 billion from their 145 million members. The statistic shows enough inspiring data for starting your own fitness club to make money out of it.
29. Hair Band Making
If you want to start a small-scale beauty-product manufacturing business from home, you can consider this business. With a single and simple machine, you can produce a lot of hair bands at home. Additionally, raw materials are also available widely. The business demands very small investment.
30. Hair Removal Service
Hair removal is another great business you can start in the beauty industry. Additionally, you can start the business in several ways. You can start the business at home or on a mobile basis or from a retail store. Every business model has the potential of earning profit and expansion.
31. Hair Styling Salon
Basically, hair styling salons are beauty salons that attract a niche audience. Hence, the requirement of startup investment is also very less compared to a full-scale beauty salon. If you know hairstyling you can start this business on your own.
32. Image Consulting
Image Consulting is a service industry, a field of work wherein Image Consultants help clients to improve their appearance for personal or professional reasons. Basically, it is the process of creating a positive visual image. Absolutely, this is an education-based business. And it demands adequate skill, knowledge, and a passion for helping others.
33. Makeup Artist
This is a very self-rewarding career for any individual. You can start the business at home. And at any moment in time, you can consider scaling up. The business is highly profitable. And it ensures high per-hour revenue too. You can start the business with almost zero investment.
34. Manicure & Pedicure Service
This is another niche service-based business you can consider starting in the fashion and beauty industry. The business is easy to start and operate. Additionally, the business demands very small capital investment too. You can offer the service from a retail store or a mobile basis.
35. Massage Salon
Basically, massage salon comes under the spa and wellness industry. While massage therapists work in a variety of work environments, sole practitioners account for the largest percentage of practicing therapists (58 percent). And the therapists work at least part of their time at a client’s home/business/corporate setting. So, you can start the business from a retail store and as well as on a mobile basis too.
36. Mobile Foot Massage Service
Generally, in the mobile foot massage service, you will offer the massage service at your client’s doorstep at his or her convenient time. You can start the business with almost zero capital investment. However, the business demands adequate skill and a passion for making other people well through massage.
37. Nail Polish Making
If you want to start a most profitable manufacturing business in the beauty product industry, then you can consider starting a nail polish-making business of your own. The business demands upfront startup capital investment for establishing a manufacturing unit, procuring raw materials, etc. However, the business is highly profitable for new entrepreneurs.
38. Skin Clinic
Basically, the rising consumer concerns about cosmetic ingredients and their effects shaped the skincare industry on a higher path. Basically, skin clinics offer different types of skin treatments including dermatology. This is a profitable business in the metro cities and urban areas. The business demands small capital investment.
39. Talcum Powder Making
Talcum powder is a beauty product. However, most people use this daily basis. The manufacturing process is very simple. And you can start the business on a small or medium scale basis. Before starting the business, conduct an intensive market survey. Additionally, you must craft a business plan prior to starting this business.
40. Tattoo Parlor
The interest and fondness for different types of body arts are increasing among people of every age group. Therefore, the tattoo industry is increasing very fast these days. The tattoo parlor business is quite easy to start. And it demands very small capital investment. However, you must select a good location for this business with other equipment.
41. Wigs Retailing
Definitely, the wigs and hairpiece stores industry is Growing. Because the retail spending on wigs and hairpieces rebounds, partly due to product innovation.
Continuing this trend, over the next five years, the industry is expected to achieve continued growth as average disposable income rises. Hence, starting a wigs retailing business is a lucrative opportunity for entrepreneurs who want to start a business in the fashion and beauty industry.
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Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.