Top 20 Small Business Ideas In India – The retail industry in India has become a fast growing industry due to the 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.
Everyday people need goods and explore nearby shops or hotels. Retail is the most profitable business in India with low and moderate investment. So people with low or moderate capital investment can focus on small or medium retail stores for high profit business in India.
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A retail business is when a business sells a product or service to a consumer for his/her use. The retailer sells the product higher than the wholesaler. Retail can be thought of as grocery stores. Service-related businesses, such as beauty salons and rental locations, are also considered retail businesses.
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Kirana Store is one of the most profitable retail businesses in India. India has a huge population and a grocery store is a must in every locality. Every household needs basic supplies and a grocery store sells items like soaps, spices and food products etc.
It is important to get the items you want to sell in bulk from the wholesaler at a lower 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 specialized knowledge. Different types of story books, DVDs, textbooks and stationery can be arranged in a stationery store.
Your retail store should be your one stop shop for all children’s books or school accessories. You can also stock up on some educational gadgets or toys that other retailers don’t carry.
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The advantage of this business is that no special knowledge is required. India has the largest agricultural market in India and fruits are a major product. If you decide to sell fruits, then you should choose the category of fruits based on the 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 connect with a hotel or offices, your profit margin will jump up to 80%. You can also dress up your shop with some artificial flowers and gifts for extra profit.
If you are good at sewing and making clothing perfect for others, then this business is for you. You can also set up your business at home and alter clothes. This business requires little capital investment.
Tea stall is a great business with low investment. Indians love tea, so if you put your stall outside colleges or offices, your profit will be high. Many offices also have contracts with tea stalls for daily delivery of tea to their offices.
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Agriculture is the most important sector in our economy. Many farmers require good quality seeds for their plants. While selling seeds, focus on the quality of the seeds because this will increase the demand for your seeds. If you live near a village or agricultural area you can take advantage of this opportunity.
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There is no doubt that the drug store is the most profitable retail business. People often need medication during an emergency or illness. A medical shop earns a profit of up to 60,000-80,000 by investing 3-4 lacs in medicines. If managed properly medical stores can earn huge profits immediately.
However, it also depends on the type of drugs sold by the medical store, how much profit it can earn. On average, a pharmacy owner earns up to 20-25% of 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 looking forward to starting your own saree business, visit a few local shops to understand the market trend. Usually a good banarasi saree is very popular all over India.
Decide which type of saree you want to sell, there are many varieties in Indian sarees that are very popular.
Opening a gift shop in India requires serious planning and execution. The profit margin in running a gift shop is small, so there is less room for error. The gift shop features mostly personal and corporate gifts. You can also add gift cards to increase your sales.
The demand for cosmetic products is increasing, not only women, but also men are aware of their appearance. If you have an idea about the beauty business and have capital investment, then this business is for you.
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Confectionery in India is a booming industry that is growing rapidly and becoming a high margin business in India. Many entrepreneurs are coming up with their own manufacturing units and local catering industry. You need to have proper packaging and marketing to increase your sales.
Perfume is the next evolution of how people present themselves. Perfume business requires moderate capital investment. You can also sell perfume from home because it will not require much investment.
Confectionery is a profitable retail business in India as sweets are produced in large quantities, requiring less investment. You can price sweets reasonably because there is no set price. you can also open a snack shop to increase your profit.
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Coffee shop is the most profitable retail business in India, but it requires serious investment. Running a coffee shop business is not easy, you need positive cash flow and high sales to keep going. Profit also depends on the location of your store. The cafe is one of the best retail businesses in India. Investment – INR 10 to 20 lakh Profit Margin – 20% to 80% 2. Ice Cream Parlor Ice cream is loved by every age group and is a very popular food product. You can either consider opening your own brand which is quite difficult or you can consider starting a franchise for other reputed brands as this is also a high margin business in India. Investment – INR 5 to 10 lakh Profit Margin – 40% 3. Fast Food Restaurant Fast food is really famous in India and it is already packaged. This business is one of the highest profit margin businesses in India. If you are planning to open a fast food restaurant in India. Do market research on different restaurants – how they operate and manage their restaurants, investments and profit margins. Investment – 10 to 50 lakh Profit Margin – 40% 4. Car Wash The automobile industry in India is very promising and the number of vehicles is also increasing. Owning a car wash requires proper planning and huge investment upfront. The car wash area is a highly profitable retail business in India. Investment- 25 lakh INR Profit Margin- 40% 5. Two Wheeler Showroom Currently the Indian motorcycle market is experiencing double digit sales growth. Opening a two-wheeler dealership is a lucrative business for young entrepreneurs. If you are planning to open a two-wheeler dealership, you need a solid capital investment. This business requires serious hard work and you need to have the right knowledge of 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 your 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 woman entrepreneur aspiring to open your own business, don’t worry, we’ve got you covered. Check out the best business ideas for women. Best Business Ideas for Women Women [/tag/women-entrepreneurs/] are entering many fields and industries that were absent in the past. They have been breaking through the glass ceiling for quite some time now and there are many professions they hold and excel at. In this article we will look at t… Ashwini 7. Restaurant Food restaurant is one of the best retail in India. you should conduct research before starting the business. This business requires high capital investment and also the highest profit margin business in India. Also, choose the menu and fare correctly before starting the business. Food restaurant is one of the highest profit margin businesses in India.
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