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Be it industries, private companies, family businesses or partnership firms, India as a diverse country has grown from traditional to home-grown to the best in technology-based business strategies.
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The Indian business industry has evolved seamlessly over the years from A.D to BC till now, and has defined a logical path to inspire and continue for future generations.
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There are many Indian business organizations that have been persistently pursuing their businesses for generations and generations for more than a century, regardless of any kind of social or economic influence from the industry.
Companies like Jessop and Company, Bombay Dying, Dabur, started their operations from the early 17&1800s, and sustained themselves for centuries. These companies are the main inspiration for other businesses.
In the process of spreading the ecosystem everywhere in the Indian business sector, are we forgetting those who have changed and found their niche between the surges and dips in the industry?
Here are #5 old business ideas that can expand their boundaries in the current business sector in the industry.
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This business idea goes back to the Indus Valley Civilization as pottery making is one of the earliest and oldest Indian arts. This industry does not yet have brand recognition on the global map in the business sector, however, good discoveries have been made for years in the villages and towns of India. Potteries in India, is one of the major attractions for foreigners and tourists because of its production which can be done in both wheel-made forms.
An old and ancient art of Uttar Pradesh’s Firozabad, glass bangle making is a home craft and a traditional art that is being passed down through the generations. Firozabad, is known as the largest glass bangle factory in the country which has been producing glass bangles for over 200 years now. There is an increasing demand for bangles in the jewelry segment of the women’s accessories industry, which is awaited for the major entrants to cover and present themselves overseas.
It’s bad if you think that earning money is only for those of us who aren’t having a lot of fun. One of the ancient Indian traditions of planting and farming can earn you pots of money if you adopt the skills and knowledge of farming in your hands. If one creates and remembers many ideas, the Indian culture of agriculture can come up with many business ideas with an organic touch in agriculture and become one of the biggest producers of agriculture.
A common daily activity of many Indians has taken the form of a huge business opportunity with a huge demand in the market. The unlikely sector of milk and milk products has been witnessing some of the most exciting developments over the past few years. This industry has increased their market growth in the Indian business sector. The Indian dairy company Amul is undoubtedly the market leader, but now new entrants are testing their hunches to grab a slice of the humongous demand.
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With one or more specialties in the hand-made textile industry in each state of India, there is a lot of opportunity in the textile market. The slowdown in the textile industry seems to be the time to revive its growth by making textiles available and digitally on demand overseas. The ever-growing textile market is one of the oldest business ideas, which 2 out of 5 small businesses take to work on.
He is a firm believer in hard work and patience. Want to cover issues that have the potential to change the development of the country’s business. Currently, part of the all-female web team of the Asia Pacific edition to run the wheel of business journalism!
For many, the speaker representing the World Startup Convention (WSC) which was scheduled for March 24-26, 2023 at Greater Noida may seem too good to be true.
“E-commerce companies are only allowed to create a pure market i.e. a bridge between the buyer and the seller and not to sell any goods, even their own products on their platforms,” said Praveen Khandelwal, general secretary, CalT.
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When you think about owning a business and operating it, you can think about renting a commercial space, moving to an office, or managing employees.
But with the rise of home businesses, many people are finding ways to use remote work to run their business from home.
In today’s connected world where technology gives us so much flexibility in how and where we work, home businesses come in many forms.
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Some require you to turn a warehouse into a mini-warehouse of products, while others can run entirely online. But generally, you can start these types of businesses using your existing space and methods.
A home business is a venture—either full-time or run on the side—that you can start and operate using your own home as the base of your operations. A few home businesses, especially those that sell online and don’t buy and hold a lot of inventory, can even be run on the move—you don’t have to be tied to your home.
Naturally, there are pros and cons to consider when deciding if a home business is right for you.
While there are many ways to start a home business, the following are some of the most accessible ways to set up your own home business:
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Many businesses focus on the simple idea of importing products in bulk and selling them on their own for a profit.
Maybe you recently traveled abroad and came across unique items that are not available in your market even though you are interested in them. Or maybe you have entered a niche and know the perfect products to serve its customers.
Either way, if these products are easy to store and ship, you may have a solid business idea on your hands. Blue block glasses, for example, are small and sturdy enough to keep in your home.
Your home can even be used as a primary showroom—that’s how Artemis Design Co. got its start—for local sales, giving you the option to expand and add storage space and staff as you solidify your idea and sales start to skyrocket.
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“I lived south of Boston, and my living room was just full of these things. I would have people come in if they wanted to look at something or try something, and that’s how I made my first sales. ” Milicent Armstrong, Artemis Design Co. 2. Sell home products
If you are a designer yourself (or know someone who is), you may also consider turning a hobby into a business. Even if you have to create your products elsewhere – in a studio, commercial kitchen, or workshop – you can store and sell them in your home.
By being able to control almost every aspect of the products you sell, you can make them more expensive, improve their quality, or offer them to other audiences to target market demand.
Whether you decide to start on a marketplace like Etsy or you want to build your own online store, selling your creations is a great way to share your passion with others and make some money. Just be aware of the rules regarding products that consumers consume or put on their skin.
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Best of all, making your own products doesn’t have to be overwhelming. When you’re ready to scale, you can set up processes and onboard new employees to help with design.
Do you have a product you are ready to sell? The Kular family shares their experience of building a business around their mother’s recipe book. From one-on-one sales to Whole Foods aisles.
So far, we’ve covered business ideas that require you to keep inventory in your home. But there are different search strategies that allow you to take inventory and shipping from your hands.
These businesses employ a dropshipping model, where a third party manufactures, stores, and ships your products on your behalf, leaving marketing and customer service as your main tasks.
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Your dropshipping agent can be local or overseas, but you need to make sure that you find a supplier that you can trust to deliver a consistently great customer experience after the sale.
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