Best Business Ideas in India

8 Best Business Ideas in India Under 30 Lakh

What are some of the Best Business Ideas in India? Small and medium-sized businesses are booming in India. There is no dearth of opportunities for entrepreneurs in India who want to do something big. Even if you are a small businessman operating from a remote corner of the country, India offers an opportunity to turn your business into a multimillion-dollar enterprise.

In India, the median age is under 35 for more than 65% of the population. The kids are a health-conscious generation, and many of them participate in exercise programs. Digital marketing is a growing industry in India right now, and there are countless prospects.

Best Business Ideas in India Under 30 Lakh

You don’t have to be a millionaire to start a new business in this country. Entrepreneurs from a humble background can start a new business and make it very big on their own.

In this article, I will tell you 8 such best business ideas in India under 30 Lakh which you can start with a capital of less than Rs 30 Lakhs. The following mentioned business ideas give you a very high ROI (Return on Investment). All of the ideas are very profitable.

Here are they …

1.      Freelancing Services Business

One of the most profitable business ideas today is Freelancing services. In developing countries, freelance servicing is a booming business. Sitting in a remote village you can offer services to clients living in North America and Europe.

With minimum investment, you can make thousands of dollars every month.

Some of the freelancing services that you can offer are writing, editing & proofreading, copywriting services, coding, designing, marketing, bookkeeping, virtual assistant, translation, research, music production, etc.

You can join freelancing websites like Fiverr, Upwork, Toptal, etc, and start offering your services to clients all over the world.

To start a freelance service business you need to have prior experience working with clients as a freelancer. You can hire a team of professionals (10-30 people) and start offering your services.

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2.      Digital Marketing Agency

The second most popular business idea in the country is Digital marketing. Digital marketing has replaced traditional forms of marketing like TV commercials, Newspaper Ads, Radio Ads, etc.

Now companies are spending most of their marketing budget on digital marketing to promote their brands and products.

So to strategize their digital marketing campaigns they need good digital marketing agencies. These companies are willing to pay anything to these agencies.

If you are a digital marketer and have experience with digital marketing then you can start a digital marketing agency and offer services to clients all over the world.

Some of the most popular digital marketing services that you can offer are

  1. SEO – Search Engine Optimization and SEM – Search Engine Marketing
  2. Content and Video Marketing
  3. Email Marketing
  4. Web Analytics
  5. Social Media
  6. Ecommerce
  7. Mobile Advertising

You will need a team of 15 – 20 digital marketers and an office space. You can start this business with a budget of Rs 20 Lakhs to Rs 25 Lakhs.

3.      Dropshipping

In the last 10 years, the dropshipping business has become very popular in India. These days more and more people are shopping online. Therefore entrepreneurs have a great opportunity to start a dropshipping business.

You can sell different products to customers online on the supplier’s behalf. You don’t need a product or a warehouse to store them. You are just a middleman man between the supplier and the customers.

But you have to build a website to promote and sell your products online.

3 simple Steps how dropshipping business work

Step 1: Create a Website, after landing on your website, customers place an order

Step 2: The website store automatically sends the order to your supplier (like Amazon)

Step 3: Your supplier prepares the customer’s order and ships it directly to their home address.

You have to join a supplier like Amazon and become their partner. You can earn commissions between 8% – 30% depending upon the type of product you are selling.

Most of your investment will go into developing the website and marketing products.

4.      Tutoring Business – Online and Offline

The fourth great business to start in India is a tutoring business. During the Pandemic when schools and colleges were closed, parents have forced to home-tutor their children.

The outcome was a sudden boom in the online coaching industry. From this boom, new online tutoring companies emerged in India. But still online tutoring industry remains underpenetrated. There is a great opportunity for entrepreneurs to start a small business in India.

Your tutoring company is going to teach students from Class 5th to Class 12th. Your company will also give training for appearing in Top competitive exams like NEET, JEE, etc.

You have to hire a team of tutors who can teach various subjects like Math, English, Physics, Chemistry, Biology, etc.

You can start this business for under Rs 30 Lakhs.

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5.      Consultancy – Human Resources (HR), Real Estate, and Stock Market

You can start a consultancy business. Some of the most popular consultancy services that you can offer are Human Resources (HR), Real Estate, and Financial advisory.

HR managers recruit young talent for various industries. You can tie up with the companies and start recruiting talent for them.

If you live in a metropolitan city then you can start real estate consultancy services. You make a commission from both sides the landlord as well as the tenant.

You can also start a wealth management company that invests money in the stock market. You will help your client’s income grow.

All these businesses can be started for under Rs 30 Lakhs.

6.      Franchise Business

In a franchise business model, the owner of a company licenses its business right to a franchisee like you. The relationship between the owner and the franchisee is just contractual.

As a franchisee, you will get all the rights to sell products to customers on the franchisor’s behalf. Some of the most popular franchises operating in India are McDonald’s, Starbucks, PizzaHut, Subway, etc.

Some Indian Franchisors are Patanjali, First Cry, Lenskart, etc. You can partner with them and start selling their products.

7.      Petrol Pump Dealership

If you are ambitious then you can become a fuel station dealer at Bharat Petroleum Corporation Limited (BPCL). Petrol Pump Dealership with BPCL will allow you to set up a Retail Outlet (RO) in urban as well as rural areas of the country. The company publishes an advertisement every year. The petrol pump dealership advertisement 2021 was the most recent edition.

With the fuel prices in India on the rise, a petrol pump dealership has become a lucrative business idea. If you have even one petrol pump on a highway, you can make a huge amount of money in this business. You will require Rs 15 to 20 lakhs to become a dealer with BPCL.

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8.      Restaurant and Café

No matter what is the state of the economy, people are going to eat. If you are able to open a small restaurant in the right location you can make lakhs of rupees per month.

Restaurants and Café’s never run out of customers. You just have to choose the right location where you are going to rent some space for opening a restaurant.

You also have to hire an entire staff like cooks, waiters, and managers to run daily operations. Usually starting a new restaurant in a prime location requires Rs 25 lacks to Rs 30 lacs.

These were some of the best business ideas to start in India under Rs 30 lakhs. In fact, you require much less than Rs 30 Lacs to start above mentioned businesses. Online businesses require much less than offline businesses.

There are many other business ideas like car renting services, travel agencies, gym and fitness centers, spas, and beauty parlors,, etc that require less than Rs 30 lacs to open.

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