Top 10 Business Ideas In Mumbai – Retail industry in India has emerged rapidly due to many new retailers. Retail trade 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.
On a daily basis, people search for conveniences and explore nearby shops or hotels. Retail business is the most profitable business in India with low and moderate interest. So people with low or moderate capital can invest in small or medium retail stores for high profit margin business in India.
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A Wholesale business is a business when a business sells a product or service to a customer for their own use. The advertiser sells the product at a higher price than the seller. A retail business can be thought of as a convenience store. Service-related businesses such as beauty salons and rental locations are also retail businesses.
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Kirana Store is the best retail store in India. India is a huge population and a must in all areas. Every home requires basic supplies and grocery stores sell items such as soaps, spices, food items, etc.
It is important to get the items you want to sell in bulk from the buyer at a lower price. That will help the price of the market.
Installing stationary and books is a profitable and excellent retail business that requires no special knowledge. A variety of story books, DVDs, school books, and stationery items can be stocked in a stationery shop.
The retail store should be your final stop for all school books or children’s accessories. You can also fix some educational gadgets or toys that other sellers don’t offer.
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The advantage of this business is that it does not require any special knowledge. India has the largest agricultural market in India and the products are the primary source of income. If you decide to sell products then you need to shortlist the type of products according to the supplies.
A flower shop is by far the most useful thing if you set up your business well. Many hotels require flowers on a daily basis for their services so if you tie in with the hotel or services, your profit margin will jump up to 80%. You can also top off your treasure with some artificial flowers and gifts for extra profit.
If you are good at tailoring and making the perfect outfit for others, this is the job for you. You can also set up your business at home and change clothes. This business requires a small capital investment.
A tea stall is a great business with low investment. Indians love tea, so if you set up your stall outside colleges or offices, then your profit will be huge. Many offices also have contracts with tea stalls to deliver tea indies to their offices.
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Agriculture is the most important part of our economy. Many farmers require good quality seeds for their plants. While selling seeds focus on the quality of the seeds because this will boost the demand for your seeds. If you live near a village or a rural area, you can seize this opportunity.
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There is no doubt that the drug store is a very profitable business. People often need medicine in case of an accident or illness. The medicine supply earns up to 60,000-80,000 by investing 3-4 lacs in medicines. If the doctors are properly managed, they can earn huge profits immediately.
But it also depends on the type of drugs that are prescribed by doctors, how much profit can be earned. On average, a pharmacy shop owner earns up to 20-25% on daily sales.
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Saree is very popular and the best in retail business in India and is worn by all segments of the market. If you are looking to start your saree business visit a couple of local shops to understand the trend in the market. Generally good Banarasi saree is popular across India.
Whichever type of saree you want to sell, there are loads of varieties that are very popular in Indian sarees.
Opening a gift shop in India requires serious planning and execution. The profit margin in running a gift shop is thin so there is less room for error. The gift shop contains mainly personal and corporate gifts. Also add gift cards to increase your sales.
The demand for cosmetic products is increasing not only for women, but also for men who are aware of their appearance. If you have insight into the drone business and will have investment capital, this is the business for you.
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Cake shop in India is a big industry which is growing rapidly and also becoming a high margin business in India. Many entrepreneurs are coming up with their own manufacturing units and providing home energy. You need to have proper packaging and marketing to boost your sales.
The next step in evolution is how people represent themselves. Anointed business requires controlled capital funds. You can also sell perfume from home because it will not require much investment.
Sweets business in India is profitable because sweets are produced in bulk which require less investment. You can price the sweets reasonably because there is no fixed rate. You can also open your wallet to increase your profit.
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Coffee shop is a very profitable retail business in India but it requires heavy investments. Running a coffee shop business is not easy for you to get positive cash flow and high sales. The profit also depends on the location of your shop. Coffee Shop is One of the Best Retail Business in India Investment- INR 10 to 20 lakh Profit Margin- 20% to 80% 2. Cream Cream Parlor Ice Cream is loved by all ages and is a popular food item. You can either consider opening your own brand which is quite difficult or you can consider starting a franchise for other reputed brands as the business is also high in India. Investment- INR 5 to 10 lakh Profit Margin- 40% 3. Fast Food Restaurant Fast food restaurants are really famous in India and they are already crowded. This business is one of the highest profit margin business in India. If you are thinking of opening a fast food restaurant in India. Take a market survey of different restaurants – how they operate and manage their restaurants, expenses, and profit margins. Investment- 10 to 50 lakh Profit Margin- 40% 4. Car wash The automobile industry in India is very promising and the vehicle population is increasing. Having a car wash requires proper planning and large upfront investments. Car wash zone in India is a very profitable retail business. Investment- INR 25 lakh Profit Margin- 40% 5. Two-Wheeler Showroom Currently, the Indian motorcycle market has a double digit growth in sales. Opening a two-employer business is a very profitable business for young entrepreneurs. If you are planning to open a two wheeler dealer you need a solid capital investment in hand. This business requires a lot of 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 This business is the best retail business for women entrepreneurs who have the right knowledge. You can also open a salon in your home because it will save a lot of capital. Investment- INR 15 lakh to 30 lakh Profit Margin- 10% to 20% If you are a female entrepreneur looking to start your own business, Don’t worry we have you covered. See the Best Business Ideas for Women. Best Business Ideas for Women [/tag/women-entrepreneurs/] have entered many fields and industries that were previously absent. They’ve been breaking through the glass-ceiling for quite some time now, and many professions are emerging and excelling. In this article we will see in Th… Ashwini 7. Restuarant Food restaurant is the best business in India. Before doing all the business you need to contemplate. This business requires high capital investment and also the highest profit margin business in India. Also, choose the menu and tariff correctly before starting the business. Restaurant Food 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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