In today’s time, getting a job is one of the toughest things. Due to the hike in population density, unemployment has been a serious issue over the last 20 years. Owing to the Covid 19 Pandemic, the situation has worsened. PhD candidates having to apply for minor jobs like guards have become common news.
The Indian Government is hence focusing on creating more providers of jobs than seekers and provides low cost business ideas with high profit. The government schemes are helping people set unique business ideas and earn a stable livelihood. Let us now discuss on current situation of jobs.
The government puts special importance on the business of fisheries as it has become one of the most profitable business.
How much investment is required to start a business?
It is a traditional belief that a business needs a lot of capital to take off. True that, mostly businesses require a lot of capital. But with the low cost business ideas with high profit, things have become easy for people who have always dreamed of starting a business. People with unique business ideas can easily earn a profit of ₹1.5-2 lakhs in a year. Do you know how much you will have to invest? The amount is only ₹25,000.
Wondering how you will arrange the ₹25,000? No worries, the government, in most of the sectors, gives loans, that too without having to pay the interest.
The government provides the loan facilities only in the case of agriculture-related businesses like horticulture and animal husbandry.
What businesses can be opened up with small finance?
We will help you to sort out some unique business ideas. The low cost business ideas with high profit are as follows:
i. Online and offline tuition: In the post-pandemic situation, the availability of education has become mostly online. But normally tuition is also a good money-making business. You can provide tuition for anything: academics, music, dance, painting, sports, and even cooking.
ii. Graphic designing: Graphic designing is one of the most unique business ideas. This is a budding industry. With your graphic designing training of CorelDraw and Adobe Photoshop, you can easily get work opportunities.
iii. Web designing: In today’s big data age, this industry is budding the most. Web designers are needed constantly to develop and design websites.
Planning plays an important role whenever you are thinking of beginning a new business that too with a fixed budget.
iv. Photography and Videography: This is one of the most unique business ideas. Though the basic cost of capital investment is a bit higher than ₹25,000 this is a among the low cost business ideas with high profit.
v. Bakery: Are you dreaming of opening a bakery? Are you an expert in baking cakes and cookies? Bakery will then be the most unique business idea for you. This is among the low cost business ideas with high profit, and the turnover is great.
vi. Fishing: Fishing is a great unique business idea and is preferred by people living in the countryside who have access to small pools associated within their household premises. A very small pond can also be turned into a breeding ground for fishes because fish is in constant demand in the market. The government also provides interest free loans for such low cost business ideas with high profit, thus making investments easy.
vii. Animal Husbandry: Just like fishing, animal husbandry too is a low cost business idea with high profit and can be done easily with the help of the hassle free loans given to farmers by the Indian government which are again without interest.
Candle making is one of the small businesses popular among the women of India.
viii. Horticulture: If you have even a small piece of land, you can afford to grow vegetables and fruits of your choice and earn for yourself. This too is a low cost business idea with high profit.
ix. Mobile repairing: Nothing in today’s world can work without mobile phones and thus repairing mobile phones is a unique business idea and won’t go out of fashion at least within the coming 50 years.
x. Papad and pickle making: This is the most popular and unique business idea among the urban and rural women of India and is definitely the best low cost business idea with high profit.
Being environment friendly, jute bags are one of the best business ideas as they are in great demand.
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What are the most successful small businesses?
IT support, fishing, animal husbandry, bakery, photo and video management, private tutors and instructors are some of the most successful small businesses.
What are the top 5 most profitable businesses?
Pickle and Papad
Incense sticks making
What are the top 10 most successful small businesses?
The top 10 successful small businesses in demand are:
Which business is best in 2022?
If you have faith in the kind of content you make and have a smartphone or laptop with a stable connection, you can easily run a blog and earn.
You can teach whatever you are good at through online classes.
If you have a waterbody associated with your house, you can start fishing.
Selling and purchasing of domains.