Are you looking for a small business within 1 Lac Rupees? If yes, you have landed at the right place. In this guide, we will explore exciting business ideas that require less than 1 Lac rupees to kickstart that align with your passion and budget.
Table of Contents
15 Business Ideas Under 1 Lac Rupees
1. Digital Marketing Consultancy
The demand for digital marketing consultancy services is surging as companies aim to maximize their online presence, reach target audiences, and achieve measurable results. Cultivate in-depth knowledge of various digital marketing channels, including SEO, social media, email marketing, and paid advertising. Consider specializing in specific industries or types of campaigns.
Ensure legal compliance by registering your consultancy business and obtaining any necessary certifications. Familiarize yourself with data protection and privacy regulations. Showcase your expertise by building a comprehensive portfolio. Highlight successful campaigns, case studies, and the measurable impact of your digital marketing strategies.
You can start a niche digital marketing agency with an investment of Rs. 1 Lac. The cost component includes website development, networking, and marketing costs.
2. Freelance Services
There is a growing demand for freelance services across writing, design, programming, and digital marketing. You need to create profiles on freelancing platforms, build a portfolio, and market your skills.
The cost of Starting a freelance service business is minimal. The estimated cost of starting a freelance business will be Rs. 50,000 – Rs. 1 Lac.
3. Online Tutoring
From the times of the Pandemic, there is an increasing demand for online education, especially in subjects like STEM.
Determine the subjects or areas of expertise you’ll focus on. Specialization can set you apart in a competitive market. Choose the right platform to conduct online tutoring sessions. Options include established tutoring websites, video conferencing tools, or creating your website.
Starting an online tutoring business can be relatively cost-effective, especially when compared to traditional brick-and-mortar tutoring centers. The estimated cost will be in the range of Rs. 45,000 to Rs. 75,000 including technology setup, website development, marketing, and legal compliance costs.
4. Reselling Business
The reselling business has experienced a significant surge in demand due to the growing popularity of online shopping and the quest for unique and affordable products. Consumers seek variety, and resellers cater to this demand by offering a curated selection of products from various suppliers.
Identify a niche or product category that aligns with your interests and has a potential customer base. Popular niches include fashion, accessories, home decor, and electronics. Find reliable suppliers who offer quality products at competitive prices. Consider factors such as shipping times, return policies, and product variety.
Starting a reselling business can be tailored to fit different budgets, but key expenses include initial inventory, online store setup, and marketing. On average one can start a reselling business with a budget of Rs. 50,000 to Rs. 1 Lac.
5. Event Photography
Event photography remains in high demand as people celebrate various occasions, from weddings and birthdays to corporate events. The desire to immortalize special moments through professional photography makes event photography a lucrative business venture.
You will need to develop and hone your photography skills, particularly in capturing candid and posed shots in diverse settings. Also, purchase a high-quality camera, lenses, and accessories. Ensure your equipment is suitable for different lighting conditions and event scenarios.
One can start an event photography business with an investment under Rs. 1 Lac. It includes the cost of buying a camera and basic equipment.
6. Home-Based Catering
The demand for home-based catering services has witnessed a significant surge as individuals seek personalized and home-cooked meals for various occasions. From intimate gatherings to corporate events, there is a growing appreciation for the unique touch that home-based caterers bring to the table.
Develop strong culinary skills and consider specializing in a niche, whether it’s a specific cuisine, dietary preference, or event type. Craft a diverse and appealing menu that caters to different tastes and preferences. Consider offering customizable options for clients.
You can start a home-based catering business by investing Rs. 50,000 to Rs. 1 Lac. It includes the cost of purchasing kitchen equipment.
7. Handmade Crafts
The market for handmade crafts continues to thrive as consumers seek unique, personalized, and artisanal products. Handmade crafts encompass a broad spectrum, including jewellery, home decor, accessories, and more, catering to a diverse and appreciative audience.
You will be required to hone your crafting skills in a specific niche. Whether it’s jewellery making, knitting, or home decor, specialize to stand out in the market. Based on your niche, invest in high-quality materials to ensure the durability and appeal of your handmade crafts. Build relationships with reliable suppliers.
The total estimated cost of starting a small-scale handmade crafts business will be in the range of Rs. 50,000 to Rs. 1 Lac.
8. Agarbatti Making
Any individual can initiate an Agarbatti-making business on a small scale. Agarbatti is a household good with great market potential. The burning of Agarbatti or incense in religious and social functions has been practised in India since early times.
Agarbatti an aromatic powder or paste is burnt in Indian homes as a fragrant fumigant and is reputed to possess insecticidal and antiseptic properties.
A small-scale Agarbatti-making business can be started with a manual machine under Rs. 1 Lac.
9. Pest Control Services
With an increasing awareness of hygiene and health, the demand for pest control services is on the rise. Pest control is considered a recession-resistant business, providing stability even in economic downturns. You will need to invest in essential pest control equipment such as sprayers, protective gear, and chemicals.
The initial investment for a pest control business can vary based on equipment, licensing, and marketing. On average, starting a small-scale pest control service can cost around Rs. 50,000 to Rs. 1 lakh. This includes purchasing basic pest control equipment, obtaining necessary licenses, and creating marketing materials.
10. Fitness Training
The need for fitness training services has increased due to people’s desire to lead healthier lifestyles. A sizeable market exists for fitness instructors who can meet a variety of requirements and objectives since people are looking for individualised training regimens, inspiration, and professional advice.
Attain relevant fitness certifications and consider specializing in areas such as weight loss, strength training, or specific fitness modalities. Develop a unique training approach that sets you apart. Consider incorporating innovative workout routines, personalized plans, or a focus on holistic well-being.
You can start a fitness training business with an investment in the range of Rs. 50,000 to Rs. 1 Lac.
11. Fast Food Stall
Setting up a fast food stall requires a lower initial investment compared to full-scale restaurants. Fast food stalls can cater to local tastes and preferences, building a loyal customer base. Choose a strategic location with high footfall, such as busy streets, markets, or offices.
Setting up a fast food stall can be relatively affordable. The initial investment may range from Rs. 30,000 to Rs. 1 Lac, covering expenses like stall setup, basic kitchen equipment, raw ingredients, and initial marketing. The location and size of the stall can influence the overall cost.
12. Dry Cleaning Business
Dry cleaning services have a steady demand, driven by busy lifestyles and the need for professional garment care. You will need to invest in quality dry cleaning machines and related equipment.
Starting a small dry cleaning business can require a minimum initial investment of approximately Rs. 1 lakh. This includes the purchase of dry cleaning equipment, the lease or setup of a physical location, and initial marketing efforts. Costs may vary based on location and scale of operations.
13. Tiffin Delivery Service
Busy schedules and a rise in working professionals create a demand for convenient, home-cooked meals. Tiffin services can be started from home and scaled based on customer demand. You will need to establish a reliable and efficient delivery system, considering logistics and transportation.
Launching a tiffin delivery service can be cost-effective. The initial investment may range from Rs.50,000 to Rs. 1 Lac covering expenses such as kitchen utensils, packaging materials, marketing, and initial ingredient purchases. Operating from home can keep costs lower.
14. Mobile Repair Services
The ever-growing reliance on mobile devices makes mobile repair services essential. As smartphones and tablets become integral to daily life, the demand for reliable and efficient mobile repair services continues to rise.
Determine your specialization, whether it’s specific brands, types of repairs (screen replacements, battery issues, etc.), or catering to a particular market segment. Invest in high-quality tools and equipment necessary for mobile repairs. This includes screwdrivers, spudgers, and specialized tools for different devices.
You can launch a mobile repair service company under Rs. 1 Lac. The cost will include purchasing tools, equipment, and workspace setup.
15. Candle Making
One can initiate a candle-making business on a small scale and from home. People light candles not only for religious purposes but also as decor items. Apart from the traditional long white candle, there is also a very potential market for scented and decorative candles.
Candle-making is one of the most profitable small-scale business ideas within 1 Lac Rupees.
Frequently Asked Questions
What Types of Businesses Can I Start with a Budget Under Rs. 1 Lac?
You can explore various options such as home-based catering, mobile repair services, handmade crafts, or fitness training. The key is to choose a business that aligns with your skills and interests.
How Can I Legalize My Business Without Overspending?
Research the legal requirements for your specific business type. Focus on obtaining necessary certifications and licenses. Some businesses may not require extensive legal formalities.
Is Online Presence Essential for Businesses with a Limited Budget?
Yes, having an online presence is crucial for reaching a wider audience. You can create a cost-effective website, utilize social media platforms, and leverage free or low-cost marketing strategies to establish your brand online.
Can I Offer Virtual Services to Save Costs?
Absolutely. Offering virtual services, especially in areas like consultancy or fitness training, allows you to minimize overhead costs associated with physical locations. It also widens your potential client base.
How Can I Network Within a Limited Budget?
Attend local community events, join online forums related to your industry, and collaborate with other businesses for mutual promotion. Networking doesn’t always require significant financial investment; genuine connections matter.
What Marketing Strategies Work Well on a Tight Budget?
Utilize social media for organic reach, create engaging content, and leverage word-of-mouth marketing. Offering special promotions or discounts during the initial phase can attract attention without a hefty marketing budget.
Are There Low-Cost Certification Options for Skill-Based Businesses?
Yes, there are affordable certification options available for various skills. Look for reputable online courses, workshops, or local training programs that offer certifications without straining your budget.
How Can I Manage Operating Costs Effectively?
Prioritize essential expenses, negotiate favourable deals with suppliers, and explore cost-sharing arrangements with other businesses. Keeping a lean operation is crucial in the early stages.
Is It Feasible to Start a Business Under Rs. 1 Lac in Today’s Market?
Yes, it is feasible. With careful planning, a clear business strategy, and leveraging cost-effective resources, you can launch a successful business within a limited budget.
How Can I Enhance My Business Skills Without Spending Much?
Take advantage of free online resources, attend webinars, and explore educational platforms that offer budget-friendly courses. Continuous learning is essential for business success.