Profitable Business Ideas With Low Investment – The retail industry in India has emerged as a fast paced industry due to many new retailers. Retail business in India accounts for 10% of GDP and 8% of employment. India is one of the top 5 retail markets in the world by economic value. It is one of the fastest growing retail markets in the world.
Every day, people need things and look for nearby shops or hotels. Retail business is one of the most profitable business in India with low and medium investment. So people with low or medium capital investment can focus on small or medium retail shops for high profit margin business in India.
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A retail business is when a business sells a product or service to a consumer for his or her consumption. A retailer sells a product in larger quantities than a wholesaler. Retail businesses can be considered grocery stores. Service-related businesses such as beauty salons and rental places are also considered retail businesses.
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A grocery store is one of the best profitable retail businesses in India. India has a huge population and every neighborhood must have a grocery store. Every household needs basic supplies and grocery stores sell items like soap, spices and food items.
It is important to get the products you want to sell in bulk from a wholesaler at a low price. This will help you price the product at a competitive price.
Opening a stationery and book store is a profitable and best retail business that does not require any special knowledge. A stationery store can stock different types of storybooks, DVDs, school books and stationery items.
Your retail store should be the ultimate stop for all school children’s books or accessories. You can also stack some educational gadgets or toys that other retailers don’t provide.
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The advantage of this business is that you do not need any special knowledge. India has the largest agricultural market and fruits are the primary produce. If you decide to sell fruits then you need to shortlist the range of fruits based on supply.
A flower shop is one of the most profitable businesses if you establish your business well. Many hotels require daily flowers for their offices so if you tie-up with a hotel or office, your profit will increase up to 80%. You can also put some artificial flowers and gifts in your store for extra profit.
If you are good at tailoring and making perfect outfits for others then this business is for you. You can set up your business from home and change clothes. This business requires little capital investment.
Tea stall is a good low investment business. Indians love tea, so if you set up a stall outside a college or office, your profits will be high. Many offices also have daily tea delivery contracts with tea drops.
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Agriculture is the most important sector of our economy. Many farmers need good quality seeds for their crops. Focus on seed quality when selling seeds, as this will increase the demand for your seeds. If you live near a village or an agricultural area, you can avail this opportunity.
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There is no doubt that a drugstore is one of the most profitable retail businesses. People often need medicine during an emergency or illness. A medical store invests 3-4 lakhs in medicines and makes a profit of 60,000-80,000. Proper management of medical stores can lead to huge profits immediately.
However, it also depends on how much profit can be made on the drugs sold by the medical store. A pharmacy shop owner earns an average of 20-25% on daily sales.
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Sarees are very popular and one of the best retail businesses in India and are worn by all segments of the market. If you are keen to start your own saree business, visit some local shops to understand the market trends. A generally good Banarasi saree is very popular across India.
Decide what type of saree you want to sell, there are many types of Indian sarees that are very popular.
Opening a gift shop in India requires serious planning and execution. Profit margins are low when running a gift shop so there is less room for error. The gift shop mainly carries personal and corporate gift items. You can also add gift cards to increase your sales.
Cosmetic products are demanded not only by women but also by men who are conscious about their looks. If you know the cosmetics business and have capital to invest, then this business is for you.
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Cake shop in India is a booming industry which is growing rapidly and also becoming a high margin business in India. Many entrepreneurs have their own manufacturing units and catering to domestic industries. You need to have the right packaging and marketing to increase your sales.
Perfume is the next evolution of how people represent themselves. Perfume business requires moderate capital investment. You can sell perfume from home as it does not require much investment.
Sweetshop is a profitable retail business in India as sweets are mass produced which requires less investment. You can afford sweets as there are no fixed rates. You can also open a snack store to increase your profits.
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Coffee shop is one of the most profitable retail businesses in India but requires huge investment. Running a coffee shop business is not easy, you need positive cash flow and high sales to keep it running. Profitability also depends on the location of your shop. Coffee shop is one of the best retail business in India Investment- INR 10 to 20 Lakhs Profit Margin- 20% to 80% 2. Ice Cream Parlor Ice cream is loved by people of all ages and is a very popular food. You can either consider opening your own brand which is quite difficult or you can consider starting a franchise for other reputed brands as it is a high margin business in India. Investment- INR 5 to 10 Lakhs Profit Margin- 40% 3. Fast Food Restaurant Fast foods are really famous in India and come pre-packaged. This business is one of the highest profit margin businesses in India. If you are thinking of opening a fast-food restaurant in India. Do a market survey of different restaurants – how they operate and manage their restaurants, investments and profit margins. Investment- 10 to 50 Lakhs Profit Margin- 40% 4. Car Wash The automobile industry in India is very promising and the vehicle population is also increasing. Owning a car wash requires proper planning and a huge investment upfront. Car wash zone is a highly profitable retail business in India. Investment- INR 25 Lakh Profit Margin- 40% 5. Two Wheeler Showroom Currently, the Indian motorcycle market is experiencing a double digit growth in sales. Opening a two wheeler dealership is a profitable business for young entrepreneurs. If you are planning to open a two wheeler dealership then you need a solid capital investment. This business requires hard work and you need to have proper knowledge about the business model. Investment- INR 30 Lakh to 50 Lakh Profit Margin- 30% 6. Beauty salon business is the best retail business for women entrepreneurs with proper knowledge. You can also open your salon in your home as it will save a lot of capital. Investment- INR 15 Lakh to 30 Lakh Profit Margin- 10% to 20% If you are a woman entrepreneur starting your own business, don’t worry we have you covered. Check out the best business ideas for women. Best business ideas for women [/tag/women-entrepreneurs/] are entering many sectors and industries that were previously absent. They have been breaking the glass ceiling for quite some time now, and there are many businesses that are embracing it and excelling at it. In this article we will see… Ashwini 7. Restaurant This food restaurant is one of the best. Retail Business in India. Before starting a business you must conduct a survey. This business requires high capital investment and highest profit margin business in India. Also, choose the menu and tariff properly before starting the business. Food restaurant is one of the highest profit margin business in India Investment- INR 15 lakh to 30 lakh Profit margin- 15% to 20% Marketing
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