To make the leap from an idea to startup, an entrepreneur needs to overcome many obstacles. One of these is raising funds for your business. This single obstacle has caused many entrepreneurs to quit in the initial phase itself. But don’t give up! There are several reasonably priced startup business ideas that you can try.
We have curated a list of top nine startup business ideas you can try — all require an up-front investment of less than Rs. 10,000.
9 small startup ideas
It doesn’t take a mountain of money to start your own business. Here are nine good options.
- Mobile phone repair store.
- Event organizing service.
- Tuition centre.
- Writing business.
- Dance and music school.
- Breakfast cafe.
- Ladies’ boutique.
Scan our list of small startup ideas to find one that’s perfect for you.
1. Mobile phone repair store
As per a report by Statista, there are more than 813 million mobile users in India (and counting). It’s a sure bet that the demand for mobile repairs and related services will only grow.
In order to start this business, you need to learn how to repair mobile phones. Several free and paid courses are offered by local small businesses or training institutes. Take one of these to learn how to repair mobile phones.
In addition to mobile repairs, you can sell related products like:
- Screen guards
- Accessories (chargers, earphones, memory cards, etc.)
The best part is you can start this business from home, saving all the expenses on office rent.
2. Event organizing service
In India, people love to celebrate every occasion in a grand way. Therefore, there is always a need for event organizers.
As the demand for event organizers is highly dependent on the organizer’s image and popularity, word of mouth becomes a medium for referencing. To start with, you could try different marketing tactics to get leads and let people know about your services. This step can take time but will eventually help you grow your business.
It’s no secret that YouTubers like Lilly Singh and PewDiePie are earning millions because of their YouTube Channels.
With over 1.9 billion monthly active users, YouTube has become the second-largest search engine and third most visited website after Google and Facebook.
All such points together make YouTube a great source of income for anyone who can keep creating informative, entertaining and engaging videos over time.
4. Tuition centre
This is probably the most low-cost startup idea in India as it needs almost zero investment. If you have a knack for teaching and helping students, starting a tuition center is a good choice for you.
Using your own house for tutoring can eliminate the renting expenses. So the only investment you will need to make as a tuition teacher is in advertising that uses online and offline techniques.
5. Writing business
This business is suitable for people who have a passion for writing as well as managing clients. Those who can write fluently in several languages are particularly in-demand.
A writer’s day-to-day activities involve:
- Finding new clients
- Marketing your services
- Discussing project details with clients
- Researching and writing websites, blogs, social posts etc.
- Billing completed projects
In terms of investment, you just need to build a website, which requires just a few bucks. You will also need a computer and an internet connection.
6. Dance and music school
So you know how to dance or sing? If you do, there’s no point in keeping this talent to yourself.
Teach others and pass on your skills to earn income. The best part is that you’ll still be in touch with your passion.
Here, the only investment you will need to make is renting a space. Also, if you’re planning to teach any musical instruments, you’ll have to incur those costs as well.
7. Breakfast cafe
Tea and biscuits are undoubtedly the soul food for Indians. Here ‘chai pe charcha’ (conversations over cups of tea) is an essential part of our everyday lives.
While there are several breakfast joints around every corner, there’s still room for more. To start one, you’ll need to:
- Rent a space in a high-traffic area
- Get a permit from the authorities
- Buy dishes, food and other raw materials
You can manage all of these for less than Rs. 10,000.
8. Ladies’ boutique
In the past few years, the demand for skilled designers has increased tenfold because of the rapidly increasing popularity of self-made designs.
Starting a boutique can be an outlet for you to express your creativity. It will allow you to display your clothing masterpieces as well as sell them.
To start a boutique, you’d need a space, a sewing and stitching machine, a few self-designed dresses and electricity.
No list of low-cost startup business ideas would be complete without blogging. Blogging is one of the most popular online businesses to start on a shoestring budget.
However, thriving as a blogger takes much more than a website. From choosing a focus topic (fashion, travel, astrology, etc.) to creating insightful posts and promoting them, it will be all upon you. Those who attract large followings can make money through advertising and affiliate marketing.
To start a blog, you’ll need to:
- Choose a name and register the corresponding domain name
- Create the blog using WordPress or another tool
- Buy hosting
- Create a logo
This will probably cost you around Rs. 3,000 to 4,000.
Choose a startup business idea and go to it!
It’s not the money, but the skill and the entrepreneurial mindset that matters the most for business success. If you want to do something on your own and build a legacy that lives on after you, it’s up to you to take the first step.
Use this list to find the right startup business idea for you. Choose your idea, execute it and join the entrepreneurial bandwagon.
All the best! :-)