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Everyone dreams of venturing into the entrepreneurial world, and they intend to do so by trying their hands at some low budget businesses. These businesses, if executed properly, can bring them huge profits with the least probability of failure. So today, in this article, we will present to all our readers some great business ideas that one can count on to start with a small budget of INR 25,000 to INR 50,000 or $400 to $800.
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With that said, we promise you that you will inevitably earn a huge amount of money if you start any of these businesses by giving your best efforts. We are highlighting Indian currency, but our article is applicable to businesses in all currencies, countries, region or race so that you can start your business anywhere and anytime. The best part about these businesses is that you can start them as a part-time business and convert them to full-time once the transaction takes place.
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Check out the list of business ideas that you can opt from if you have a budget of around Rs 25k to Rs 50k.
Shopify is an e-commerce platform that provides space and tools to online sellers and retailers to create e-commerce websites with different attractive designs. It facilitates the process by allowing them to create an account on Shopify and sell various products. The site has direct contact with multiple sellers who buy products from multiple popular sites and sell them on their own Shopify website. The crucial element to take care of is that shipping is taken only by the online sellers.
Selling products on Shopify is a lucrative business option for budding entrepreneurs who are looking for online business ideas. Here, entrepreneurs can sell their own products or can choose from millions of products available in the Shopify storefront. Let’s assume that an entrepreneur selects 10-15 products from a particular site, puts them at a higher price point and sells them on his website by attaching the products. When a customer buys any of these products, they are actually buying products that are listed on the site from where the products were selected. He only needs to advertise his products on various channels, either through social media or through Google Ad Sense. The rest would be taken care of by Shopify.
However, billing and trading takes place on its own website. The customer actually pays money to his website on Shopify. After delivery, the entrepreneur gets his commission within a month. On the other hand, in case an entrepreneur is choosing from his own product range; In this case, shipping will be only in the hands of the entrepreneur.
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For a stringent budget of up to Rs 50,000, an entrepreneur can buy bulk products directly from a manufacturer in a certain amount and then sell the products at a much higher margin on various e-commerce players online. The products can vary from small items like speakers and headphones to something big like furniture. Referral fees for selling on Amazon range from 6% to 20% of the sales price.
For pro-sellers, a monthly plan from Amazon is available for $39.99 while it is free for individual selling plan and charges $0.99 for each item sold. So, for the budget in the range of Rs. 25, 000 – Rs 50, 000, we need to select less expensive products with high margins like small speakers, headphones and fidget spinners and so on and start selling them with the free plan. For example, you can buy a specific product, let’s say fidget spinner in bulk from a local manufacturer for INR 100 and sell it to end users at INR 600 or above depending on the make and additional features and make a substantial profit on each sale . Deal.
Various e-commerce sites like Alibaba specialize in such a business model where you can buy products in bulk and then sell them online with a much higher margin. Discounts can also be given to consumers for bulk orders. Buy products in bulk from Alibaba at cheap rates and sell at high rates on other ecommerce sites if you can’t contact manufacturers. However, in these cases, the margins would be small. Sites like these are an ideal marketplace for manufacturers, suppliers, exporters, importers, buyers and wholesalers to come together on a common platform. Read more
A well-thought and well-executed tiffin or catering business is an excellent business opportunity that is becoming a personal favorite for many entrepreneurs. Especially for singles who stay away from home and work in metro cities, there is a high demand for tipin service. Moreover, this kind of business is a viable option for someone who is passionate about cooking and has an excellent business acumen.
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You can start with corporate buildings with many offices which can easily bring you 50-60 customers in the first month. Distribute pamphlets in offices and encourage word of mouth advertising. For a single plate you make for Rs. 35 or Rs. 40, including the cost of cooking, packaging and delivery, you can sell it for a price of Rs. 60 and easily save Rs. 20 per deep. You can also give bulk monthly discounts for regular customers. So, if you sell, let’s say, 50 plates per day at Rs. 60 each, you can easily save Rs. 1000 per day, or up to Rs. 30,000 per month.
Bulk domain buying is a popular business option for business enthusiasts with technical expertise. One can register as many domains as they want at once. Let’s say you buy 50 domains for ‘tuition’ keyword in Delhi/NCR like ‘tuition in Gurgaon,’ ‘best tuition classes,’ ‘English classes,’ and so on. Each field costs you Rs. 699. Then, at the right time, you can put the domains for sale at GoDaddy in their ‘Premium Domain’ section. Furthermore, you advertise it on various social media platforms, on relevant forums titled ‘domain buying and selling’ and so on.
Initially, you sell each domain for Rs. 5000. So, even if you can sell 10% of the domains, you can get instant results. Additionally, you can sell some domains at a higher price point than Rs. 1 lakh or even more if you are lucky enough to buy some good domains.
A similar scenario came when technology giant Google Inc. Forget to renew their domain. Fortunately for an ex-Googler, this was a turning point where he immediately purchased it for only $ 12. All he had to do was search for Google domains strictly and their website buying service until he found that the domain ‘google. com’ is available for sale. Eventually, Google decided to pay him over $10,000 to buy it back from him. Similarly, Mark Zuckerberg bought the domain ‘internet.org.’ So, anyone with good domain buying knowledge and a good track record can easily buy domains in bulk and earn a significant amount by selling them.
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Increasingly, many people are involved in the business of buying a new domain. Let’s say you buy a new domain for Rs. 699. You work on the field, improve its content, look and feel and target a specific niche to help that particular audience. You also target various social media groups and improve the reachability of the domain. Once the domain is up and ready, you sell it in 6 months at a price that is 10 times higher than what you bought it for.
Starting a roadside food stall in various busy locations, usually outside shopping malls, corporate areas and so on is yet another profitable business idea for entrepreneurs looking to start a business with a low budget. Considering the local demographics, you can start a food business that deals in selling momos, Chinese food, bread, omelette or any other food item of your choice.
Consider for example, if you plan to start a roadside momos business. You can easily choose a convenient place to set up a stall, which is busy and a convenient place for momos eaters. The rent for setting up a cart in this place can be Rs. 100 per day or more, depending on the location. You can hire a carrier boy for a salary of Rs. 5, 000-Rs 8, 000 per month and buy raw momos at a price of Re. 1 per pc.
So, the maximum cost of each plate, consisting of 10 pcs of momos would be Rs. 12 including the cost of chutney and serving plate and you can sell for Rs. 30 or above. Thus, you can easily earn a profit of Rs. 18 per plate and if you sell 100 plates in a day, the profit for that day could be Rs. 1, 800. Monthly, you can easily earn Rs. 30,000- Rs. 40,000.
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Many times, in big cities,
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