Are you looking forward to starting a new business, here we have listed some 10 Plus high potential business ideas in India
Regional Food Chain
The Food industry has never lost its significance and never ever will! India has witnessed a sharp growth in the Food and Beverage Industry over the past few years.
Regional Food chains have from two restaurants up to several hundred, spread over a small area, preferably within a single country, but can cross the borders of several neighboring countries. It is now becoming an approach to understand relations within a socio-economic area, both for economic and production aims.
Before opening a Food restaurant or deciding whether you want to acquire a fast food franchise, you must consider the type of food you want to serve.
Eg- Subway sells fresh cold sandwiches with healthy vegetables and bread. Panda Express sells Chinese fast food. Regardless of whether you purchase a franchise or not, consider the full array of options for the type of Food you would like to serve.
The prime thing you need to have is enough start-up costs. Your budget should be such that it will help you to sustain for at least two years. This is important as you need to take care of a lot of payments. Apart from franchise fees, you also need to pay rental fees, equipment, supplies, food, employee salaries, advertising and more.
Also read – Vegan Food Store: Join The Veganism Rage
Wellness Care Centre
The emerging Wellness Care industry in India is creating a great platform to come up with a great plan. Your decision to open your own Wellness Care center is an incredible, life-changing venture.
Not only will the course of your life get altered, but those in your community will be affected as well. The goal to improve the lives of those in your area with your services is a noble act.
The prime thing here is deciding upon the target audience. Eg- You may offer wellness care to the senior citizens, or to the specially-abled or children or all of them considering your Startup costs and choice of servings.
The important thing to keep in mind is to know every aspect of your Service and prepare yourself for anything that may arise. Every Wellness care center should start with a summary of the company. This should include everything from the description of your center to an outline of your brand.
To get people interested in your facility, you have to offer something unique. Whether this is the use of only organic products or exceptional service with the help of a skilled staff, you must explain exactly what makes your business stand in a league of its own.
Your company should offer your target audience something that they can’t find elsewhere. Remember, never allow your facility to stagnate but strive to always come up with new ways to wow your clients and stand out in your community.
Career Consultation is to guide the clients into a profession or job that will help them be both happy and productive as an employee. Starting a business in helping professionals or young graduates find their dream career could prove rewarding and lucrative.
Before you even start consulting, decide on the target audience and the services you will offer. When deciding your niche, research the competition and talk to potential customers. Whatever speciality you choose, think about how to differentiate yourself from others. What separates a good consultant from a bad consultant is a passion and drive for excellence.
Now that you have made the decision to adhere to career consulting, you need to get serious about how much money you will charge your clients. If you charge too little, you won’t succeed in business. If you charge too much, you won’t get any clients.
Device a plan that includes all the necessary details like commercial space requirements, staffing, licensing and insurance costs, advertising strategies, potential obstacles, and finances. Also, conduct a thorough research of your local competitors and define your target audience.
As a consultant, you will constantly need to market and sell your services. Contact professionals and organizations that can help you connect with your target demographic. Spend time developing your marketing material and sales pitch.
The organic farming business in India is economically sustainable and assures rich returns.
Your decision to start organic farming is laudable as increasing numbers of people are turning away from chemical infested agricultural products.
There is a prime need to decide the selection of Product mix and fast selling products, margin levels, seasonally demanded products, commercial aspects of farm business, food shelf life, mode of transport available for distance transportation, courier facilities etc.
Organic Farm business must establish sustainable levels of turnover and importantly sufficient margins to meet the rents, transport expenses, paying the wages and importantly your monthly needs etc.
Initially search, contact and meet the organic farmers, those who are techno-commercially successful in developing and operating organic farms. Visit their farms and observe what is happening on the farm.
Then, select one of the suitable Organic Farms to learn Organic Farming, by getting involved in day – to – day operations of that Organic Farm, by staying on that farm, on a 24×7 and 365-day basis, for a minimum one year time period.
In the next phase, take care of a minimum one acre of land, with full responsibility, to develop and operate Organic Farming on it and learn how to manage organic farm and how to produce organic farm products and eventually get involved in the activity of promoting, advertising, marketing, selling of Organic Farm Products by joining the business entities involved in Organic Farm Product business.
Elderly Care Centre
There are numerous business opportunities available for someone looking to support the elderly community. A variety of factors impact a senior’s ability to age at home, including disability, lack of mobility, or chronic health conditions that often inhibit their ability to live alone.
Not all elderly people are looked after by friends and family and many of them could use companionship on a regular basis.
The care center should be the one that provides around-the-clock medical care to older residents. Making a list of the services you plan to offer is an essential first step, so you need to think about what may be needed and what is in demand.
Resist the urge to spend money when you’re starting your business. If you have a reliable vehicle and a cellphone, you’ve already got the essentials you need. Keep your office at home to avoid spending money on rent, utilities and other costs for a separate office. Make sure you equip all the essential needs.
An important thing people ignore is the charging money factor. Charge enough to cover all your costs like licenses, bookkeeping fees, social security taxes, vehicle maintenance or insurance, all of which can add up over time.
After you’ve set up your eldercare business and listed the services you plan to offer, start looking for customers. Once you have your first few clients and have treated them well for a while, ask them for referrals.
If you take care of your senior clients, they will tell others and you’ll never have to advertise again. It’s highly underrated! Always try to practice the Golden Rule and treat your clients the way you would want to be cared for if you were in their shoes.
Startup Pit Stop
Nothing beats working for yourself. Even when you love your job and think that it’s rewarding, the satisfaction you get when you are your own boss is a completely different feeling.
There are thousands of startups registering in India and around the globe daily. Coming up with brilliant startup ideas may feel tricky to aspiring entrepreneurs, especially when it may seem that everyone’s already swooped up every good idea for a business.
Even startup ideas that seemingly come out of left field can yield incredible success. So why not be a part of that success? Never mind if you lack the ability to brainstorm a new idea. You could be the one funding or mentoring the startup.
Before you become the Pitstop for startups you need to have a vivid knowledge on prime factors that affect startups like the Ideas, the fundings, the targeted market, feasibility, scalability and many more. Your experience says it all!
Research your audience and work accordingly. Now, as a pitstop you may be someone mentoring the startups, funding them or providing them the Infrastructure like the Accelerators and Incubators. Organize your ideas and have a clear vision on how you will be rendering your service and in what form.
The prime factors include Marketing and Experience. Publicize your service to a larger extent. Only then communities may acknowledge your presence in the market. Build a good profile of your Business and let budding startup evangelists walk in!
Digital Advisory Company
Businesses are dynamic. A new age of business has hit the market and with the advancements in technology, the realm of digital business is here to stay.
A digital marketing consultancy guides companies when organizations seek to position themselves in the digital space and offer personalized assessments through a process that includes the evaluation, optimization, and development of solutions in their businesses. As a consultant, you need to organize ideas and concepts, carry out strategies, and put the different stages of your project into motion from the initial brainstorming to its execution.
A wide spectrum of tasks the Company needs to handle include:
- The website
- Digital communications
- Sales strategy
- Technological tools
- Performance measurement
Perform a smart analysis and look at the company’s competitive panorama, market context, market opportunities, weakness, and more. You have to set clear goals that align with the business to determine the services and plan of action.
Identify the target audience. Try to develop a detailed description of our target that details who they are, their tastes, needs, problems, concerns, etc. A Digital Advisory company helps businesses understand the market, where your market operates, the competition, the strengths and weaknesses, the trends making their mark, and other components.
Green Energy Products
The Indian Green energy sector is the second most attractive renewable energy market in the world. As India looks to cater its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role.
Green power is a subset of renewable energy and represents those renewable energy resources and technologies that provide the highest environmental benefit. EPA defines green power as electricity produced from solar, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources.
Now, there is no hidden fact that it demands an initial high investment. Depending on your ability to spend and your compatible niche, you may choose to deal in Green energy products like:
- Bagasse Power Plant: There stands an imperative need for the setting up of power plants based on bagasse, which is a waste product from sugar industries.
- Solar Power Plant: Solar thermal systems for generating electricity use tracking mirrors to reflect and concentrate sunlight onto a receiver, where it is converted to high-temperature thermal energy.
- Power Generation from Garbage: Power generation from waste is one of the unique ways of thinking about a country’s growth. It is a prime need in developed countries and developing countries like India.
- Biomass Power Generation Plant: Biomass is biological material derived from living, or recently living organisms. In the context of biomass for energy, this is often used to mean plant-based material, but biomass can equally apply to both animal and vegetable derived materials.
- Biogas Production: An effective biogas programme leads to efficient use of cow dung for gas recovery and partial supplement to plant nutrient requirement. Biogas programmes lead to an improvement in rural living including rural sanitation.
There are considerably many more Opportunities in the domain.
Handcrafts Branding and Exports
If you have any artistic skills or crafty hobbies, you might just have one of the essential building blocks of a successful business. There are so many different business opportunities that allow you to share your crafting skills in a variety of different ways.
Generally, art and craft business ideas are perfect for creative artists. Nowadays, you can find a lot of online and offline opportunities to promote your craft business globally.
Success requires the artist to do more than create, which means learning about running a business and marketing to sell products or skills. Consider any of the ideas depending upon your choice of interest:
- Crafts: Eg- Potholders, decorative art, or some other craft items.
- Jewelry: Many people like to buy handcrafted jewelry because of the uniqueness of the design and having a one-of-a-kind piece.
- Gift Baskets: The types of gift baskets you make are only limited by your creativity.
- Paintings: You may choose your niche and sell them efficiently to buyers
- Greeting Cards: Businesses specializing in greeting cards can sell directly to consumers through a website, or to retailers in bulk.
- Scented candles: You can purchase some basic supplies and make your own scents and designs right from home.
You may sell the Physical products in ways like:
- Selling at craft shows
- Selling at home parties
- Selling crafts online
- Selling craft supplies
- Opening your own shop
- Craft consignment opportunities
- Wholesale opportunities
- Creating private label products and many more…
Telemedicine is broadly defined as the use of electronic communications and software to monitor and treat patients instead of an inpatient visit. The approach has been through a striking evolution in the last decade and it is becoming an increasingly important part of the healthcare infrastructure.
The rise of the internet age brought with it profound changes for the practice of telemedicine. The proliferation of smart devices, capable of high-quality video transmission, opened up the possibility of delivering remote healthcare to patients in their homes, workplaces or assisted living facilities as an alternative to in-person visits for both primary and specialty care.
Working for a telemedicine company is one of the best ways to make extra income as a doctor, psychiatrist, nurse practitioner, or physician assistant. There’s even a growing need for telehealth specialists like neurologists, dermatologists, and cardiologists.
The best way to make money in telemedicine is to make efficient use of your time. This means, maintaining a consistent patient volume is critical to your success. If you are willing to work nights or weekends, you may be able to garner a higher hourly rate or per patient compensation.
Set micro-goals by deciding how much you want to make per month or per week and determining how many shifts you’ll need to make it happen. The future of healthcare is inevitably going to include telemedicine, so it’s better to get started now and add this fantastic income source.
Mobile, Laptop, and E Product – Accessories
Starting a cell phone and laptop accessory business can be highly profitable and highly competitive. The internet is filled with websites and web stores eager to sell accessories.
There are a lot of competitors in the accessory market. The accessories market is so wide that there is always room for another player. Look for a niche such as extra power, cases, photo tools, water protection, drop protection, on-the-road or wireless charging, and introduce a product or feature that isn’t already available. Newness sells.
Finding a manufacturer to work with helps you maximize your profits. While you may need to order in bulk – anywhere from 10 to 200 items at a time – you save a lot of money.
Some noteworthy accessories may include:
- Cases for Mobiles and Laptops
- Best Touchpads
- Audio Accessories
- External Hard drives
- Memory sticks
- Screen cleaners
- Laptop Holders
In this modern world of the internet, if you do not prefer the use of the internet, you may be at a disadvantage. You need to widen your market instead of doing nothing. Also, Dealing in other profitable Electronic products like Speakers, Power Banks, DVDs could bring you a good sum.2