Are you a beginner and searching for profitable small business ideas to start a business of your own? The object of crafting this article is to provide a list of profitable small business ideas for beginners and providing information to the new entrepreneurs in helping them selecting the right niche.
Small scale industries play a big role in the economic development of a developing country like India. Additionally, small business is easy to start and run primarily because of less infrastructure cost.
The success of a small business largely depends on choosing the right niche. You need to figure out the gap where big players are not playing.
Some of the most lucrative business opportunity sectors at present are light engineering, agro-based, packaging, retail, healthcare, paper, food processing, rubber, leather, chemical, and agrochemical industry.
Small Business Ideas For Beginners In Agro-Based Industry
At present agriculture business in India revolves around productive resources like feed, seed, fertilizer, equipment, energy, pesticides, machinery, etc. and agriculture commodities like raw and processed commodities of food and fiber. The agriculture-based business opportunities in India are on the verge of revolution.
The process of modernizing the entire food chain in India has already started. The total food production in India is likely to get doubled in the next ten years. At present, agro-based business has excellent export prospects. Check this post for agro-based Business Ideas.
Small Business Ideas For Beginners In Automobile Industry
The automobile industry in India has a strong prominence in the overall economy of the country. The Two Wheelers segment with 81% market share is the leader of the Indian Automobile market owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. Check this post for automobile business ideas.
Small Business Ideas For Beginners In Beauty Industry
Beauty and wellness industry is booming in India like never before. And this is the right time of starting a venture in this industry. In addition, the market is growing in urban and suburban areas both. The opportunities include broadly two sectors.
These are manufacturing and retail. Furthermore, you can initiate retail business by two ways. Either by introducing your brand or buying a franchise. Check this post for beauty business ideas.
Small Business Ideas For Beginners In Biotechnology Industry
The Indian biotechnology industry is one of the fastest growing knowledge-based sectors in India. And it is expected to play a key role in shaping India’s rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player. Check this post for biotechnology business ideas.
Small Business Ideas For Beginners In Chemical Industry
Many aspiring individuals are nowadays looking for small scale chemical business ideas for initiating their own venture. Chemical business opportunities are not only profitable but also have big potential in export.
In terms of volume of production, Indian chemical industry is the third largest producer in Asia and sixth largest in the world. Apart from large and medium scale industry, there are so many chemical business ideas which you can develop as small scale manufacturing enterprises. Check this post for chemical business ideas.
Small Business Ideas For Beginners In Clothing & Textile Industry
India is the world’s second largest producer of textiles and garments after China. The fundamental strength of this industry flows from its strong production base of a wide range of fibers/yarns from natural fibers like cotton, jute, silk and wool to synthetic /man-made fibers like polyester, viscose, nylon and acrylic.
The growth pattern of the Indian textile industry in the last decade has been considerably more than the previous decades. In addition, Indian clothing industry is a profitable and lucrative sector for new and aspiring entrepreneurs. Check this post for small business ideas in clothing & textile industry.
Business Ideas For Beginners – Computer Related
The IT & electronics industry is one of the fastest-growing industries in India, both in terms of production and exports. It is a booming industry in India. Generally, software and hardware are the two basic categories related to computers. However, software is more of a service oriented industry mainly targeting exports.
On the other hand, the hardware is a goods oriented industry, targeting home market. Most of the Indian computer hardware firms are importers of machine parts and the intermediate goods. Such as motherboards, processors, memory, hard disk etc. They assemble & sell the machine systems (of course under a brand name ) in the Indian local market. Check this post for computer related business ideas.
Small Business Ideas For Beginners In Construction Industry
Indian construction industry is fragmented and plays an important role in the overall economy. It accounts for about 11% of India as GDP. There are mainly three segments in the construction industry. The real estate construction which includes residential and commercial construction; infrastructure building which includes roads, railways, power etc; and industrial construction that consists of oil and gas refineries, pipelines, textiles etc. check this post for construction business ideas.
Business Ideas For Beginners In Electrical & Electronic Products
Electrical and electronics products manufacturing business is perfect for those entrepreneurs who have technical skill and knowledge. The Indian electrical equipment manufacturing industry comprises of two segments generation equipment (boilers, turbines, generators) and transmission & distribution (T&D) and allied equipment like transformers, cables, transmission lines, switchgear, capacitors, energy meters, instrument transformers, surge arrestors, stamping and lamination, insulators, insulating material, industrial electronics, indicating instruments, winding wires, etc. Check this post for electrical & electronic products business ideas.
Business Ideas For Beginners In Energy Industry
Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure are essential for sustained growth of the economy.
The source of power generation ranges with a wide diversity including conventional sources and viable non-conventional sources. It includes coal, lignite, natural gas, oil, hydro, nuclear power, the wind, solar, and agricultural and domestic waste. Check this post for energy based business ideas.
Small Business Ideas For Beginners In Food
Food processing industry covers a wide range of products fruit and vegetables; meat and poultry; milk and milk products, alcoholic beverages, fisheries, plantation, grain processing and other consumer product groups like confectionery, chocolates and cocoa products, Soya-based products, mineral water, high protein foods etc.
Food Processing business has unique opportunities in production for the domestic market as well as for export. The demand for various products of food processing industry is on the rise. With the increasing in per capita income of the Indians which results in higher spending on value added quality food products. Check this post for food business ideas.
Small Business Ideas For Beginners In Healthcare Industry
Healthcare industry is very promising in India. The industry includes medium and large-scale manufacturing operation, retail and various service sectors. Furthermore, any individual can start a healthcare business regardless he is in rural areas, suburban or metro city. Check this post for healthcare business ideas.
Home based Small business Ideas For Beginners
Low overhead cost, working with the comfort of your home and taking the minimum risk without having another infrastructure for workspace, are the major reasons for success for home based business opportunities. Entrepreneurs can initiate home based businesses with limited capital as the part-time basis while maintaining the current job. Check this post for home based small business ideas.
Small Business Ideas For Beginners In Leather Industry
The leather industry occupies a place of prominence in the Indian economy in view of its massive potential for employment, growth, and exports. There has been an increasing emphasis on its planned development, aimed at optimum utilization of available raw materials for maximizing the returns, particularly from exports.
The leather industry is spread in different segments, namely, tanning & finishing, footwear & footwear components, leather garments, leather goods including saddlery & harness, etc. Check this post for leather business ideas.
Small Business Ideas For Beginners In Paper Industry
The Government of India has relaxed the rules and regulations and also de-licensed the paper industry to encourage investment in this sector. Joint ventures are allowed and some of the joint ventures have also started in India. Paper Industry in India is moving up with a strong demand and is in expansion mode to meet the projected demand of 20 Million tonnes by 2020. Thus, paper industry in India is on the growth trajectory and is expected to touch 8.5% GDP in the coming years. Currently, the industry has seen an increasing demand for household paper items apart from educational demand. Check this post for paper business ideas.
Small Business Ideas For Beginners In Plastic & Polymer Industry
The polymer is generally used to manufacture of various plastic products. Polymers account for around 70% of petrochemicals. In the consumption of the basic petrochemical, polymers form the bulk of demand with a share of around 55% in India. The major byproducts of polymers are Polystyrene, PVC, Polypropylene, LDPE/ LLDPE and HDPE. This segment of polymers is growing at the rate of 12% per year. Generally, packaging industry consumes more than 50% of LDPE/ LLDPE. Check this post for small business ideas in plastic & polymer industry.
Small Business Ideas For Beginners In Printing Industry
The Indian printing industry is growing rapidly. The growth is driven by the mainly packaging and labels. The print media also continues to grow at a healthy annual pace of four percent. As its growth trends continue to be well over the world averages, in print volume terms, India is set to become the fifth largest market by 2018 moving up five notches from its present tenth slot. Check this post for small business ideas in the printing industry.
Small Business Ideas For Beginners In Retail Industry
Retail business in India is not only a profitable and lucrative opportunity in the metropolitan city but also in small towns and tier 2 and tier 3 cities. Retail spending in the top seven Indian cities amounted to Rs 3.58 trillion (US$ 57.6 billion), with organized retail penetration at 19 percent as of 2014. Online retail is expected to be at par with the physical stores in the next five years. Check this post for retail business ideas.
Small Business Ideas For Beginners In Rubber Industry
Rubber industry is one of the most prominent production industry in SME sector in India. India is the world’s largest producer of and the third largest consumer of natural rubber. The wide range of rubber products manufactured by the Indian rubber industry comprises all types of heavy duty earth moving tyres, auto tyres, tubes, automobile parts, footwear, belting, hoses, cycle tyres and tubes, cables and wires, camelback, battery boxes, latex products, pharmaceutical goods, besides molded and extruded goods for mass consumption. check this post for rubber business ideas.
Footnote: We will frequently update this post of 450 top small business ideas for beginners as our research team gets more suggestion and industry information.