Are you from Mumbai and looking for some profitable business ideas to start your entrepreneurial journey?
Well, if yes, then you’re in the right place! I’m going to tell you 15 Most Profitable Business Ideas in Mumbai which you can start with minimal investment.
I know finding a good business idea for your new business isn’t that easy! But, believe me, I’m going to give you some of the best business ideas available out there which you can start in Mumbai without investing a lot of money into it.
So, without wasting your precious time, let’s jump into :
Here are 15 Most Profitable Business Ideas in Mumbai :
1. eCommerce Business
eCommerce Industry is growing exponentially and it’s not too late to start your eCommerce Business. Mumbai is one of the biggest hubs of wholesalers from where you can source products for your eCommerce Store.
No, I’m not telling you to start your entire venture. I’m just telling you to become a seller on an existing eCommerce platform. For example – Amazon, Flipkart, Paytm Mall and more…
Yes, you can also start your own eCommerce Business like Amazon. But, you’ll be going to need a lot of money in order to start and keep it running because you’re going to compete with top players in this industry who have millions and billions of dollars to invest.
So, from my side, I would recommend you to become a seller on an eCommerce Marketplace and start selling on it. Once you have made a good amount of money from it, you can think of starting your own eCommerce Website and start selling on it.
Now, if you want to know more about this business, then check out my article on How to Start eCommerce Business [Beginners Guide]
2. Website Designing Company
Starting a Website Designing Company is never going to be a bad business idea (At least for the next few years).
If you’re not exploring this amazing world of the Internet, then you might not know how much you can make from your website designing company.
Also, if you’re not confident about starting an entire company in one go….then you can just start working as a freelancer and once you make some money and confidence enough, start your company.
Well, I’m into this field and I’m working as a part-time website designer for the last 3+ years. And, believe me, this is the best business anyone could start in 2020 with minimal to no investment.
Now, as you’re searching for business ideas in Mumbai. This is a wonderful business idea that you can start in Mumbai and make way more than you ever imagined.
3. Digital Marketing Agency
Digital Marketing is the need of every online and even offline business nowadays! Because of the exponential growth of digitalization in India in the last few years, the need for Digital Marketers increases exponentially.
This business doesn’t require huge investments and you can start this business with very low investment. But, in order to start a Digital Marketing Agency, you’ll need to learn Digital Marketing first.
I know that many of you thinking of why to learn when you can hire! But, even if you hire someone, you need to guide them so that they can work effectively.
So, yes, you need to become a Digital Marker first before you start a Digital Marketing agency. And you can easily become one by investing some time online.
No, Not by watching Netflix… You have to watch videos of top digital marketers and see how things work in Digital Marketing. Or, you can just grab a course online from Udemy and learn Digital Marketing Online.
4. Coaching Institute
Starting a Coaching Institute is a great business idea in Mumbai, but it needs a lot of investment. It’s one of the most profitable business ideas in 2020.
Also, if you start an institute with proper planning and marketing, the chances of failure are much lower than any other business idea.
But, in order to start and run a successful coaching institute, then are two very important things you’ve to look at! The first one is your faculty, and the second one is the infrastructure.
These are the key to success in your coaching institute business. No matter where you’re from, this idea will work for you.
But, before you start this business, please do proper planning and do some proper research before starting anything.
Blogging is one of those business ideas which you can start in a matter of minutes. Also, this is online the best online business ideas to start in Mumbai.
This is one of those business ideas which you can start with minimal to no investment and make huge profits.
In fact, I’m doing the same. You’re currently on my blog reading this article of 15 Business ideas in Mumbai and while you’re reading this, I’m making money because of the ads showing on this blog.
Isn’t it so cool… Yes, it is! And you can also start your blog by just purchasing a Domain and Hosting. I personally use SiteGround Hosting, it’s one of the best hosting providers out there.
But, before you got too excited, I would like to tell you that this isn’t as easy as you think!
Yes, this isn’t easy! You’ve to put a lot of effort into writing and producing good and high-quality content. Not just 4-5 articles….I’m talking about writing 400-500 articles.
I’m working on a complete guide for blogging. It’s going to be available for free, so if you’re interested, just signup here.
6. Video Production Agency
It’s not so surprising that almost every business needs a digital promotional video for their businesses.
If you’re good at directing and handling cameras, then this can be one of the best business ideas for you in Mumbai.
This business does require a good amount of investment, but the investments you’re going to make worth your money. The market for video production keeps increasing and the opportunist for the same will going to increase exponentially in 2020.
This is definitely the best time to start your video production business in India.
7. T-Shirt Printing Business
T-Shirt printing business is one of those small manufacturing business ideas which you can easily start directly from your home with minimal investment.
You can source blank t-shirts from manufactures at a low price and then print some cool and unique designs on it. After printing the design, you can sell it in your local market of just sell it online.
You can also contact Schools and corporate companies and see if they have any t-shirt printing requirements.
It’s one of the most profitable small manufacturing business ideas in Mumbai which you can start with as low as Rs.30,000/-
8. Affiliate Marketing Business
Affiliate Marketing business is the business idea in which you don’t need any money to invest. All you need is an internet connection and a device on which you’ll browse the internet. It can be a Laptop, Computer, or even a Smartphone.
Now, if you don’t know what is affiliate marketing, then here’s a quick overview,
Affiliate Marketing is a business in which you have to promote a company’s product or services and if someone purchases their products/services from your referrals, then you will get some percentage of sale known as Commission.
You can sign up for Affiliate marketing programs of companies like Amazon, or Flipkart and become an affiliate marketer in just a few clicks. Then all you have to do is to promote their products with your affiliate link.
9. eBook Writing
eBooks are becoming more popular as they are cheap and helpful. If you’re a good writer or an expert in something which you can teach someone, then you can write an eBook.
You can write your eBook and publish it for free on Amazon Kindle. It’s a very easy and simple process and anyone can easily understand how this works.
All you need to start this business is some great topics for your eBooks + Good Writing Skill + Good Marketing Skills.
Now even if you sell an eBook at just Rs.99/- and you get 1000 orders. You’ll make almost Rs.99,000 from just one book. Imagine if you write 50-100 ebooks…
10. Print on Demand Store
Print on Demand store is a great business idea that you can start in Mumbai. Yes, this business does need a lot of investment and planning, but this is just an amazing business idea to start.
You have to create a website on which customers can customize their products. For example,
I want a coffee mug on which I want to place my company’s logo. Then, I’ll just go on your site and customize my coffee mug and place my order. Then all you have to do is to print my company logo on a coffee mug and ship to my address.
Vistaprint is working on the same business model, but you can do something more unique and market yourself with that Unique Selling Point.
The chances of success in this business are really very high!
11. Content Writing Agency
We all know how fast things on the internet growing!
But, you might not know that if you want to do anything on the internet, you need content. It can be in the form of Images of Articles like this!
If you can start a content writing agency but hiring content writers, then this is one of the most profitable business ideas in Mumbai you start in 2020.
You just need to have a website for your new content writing agency and you can easily start your business in a few hours.
12. Home Based Bakery
Are you good at Cooking? If yes, this is the business idea which you can start from your home and earn a good amount of money from your cooking skills.
You can take orders online for Cakes, Cookies, and other products like that. There are already many businesses running out there like this and this business doesn’t need much investment and can get your huge profits.
All you have to do is to list yourself as a business on Google My Business, Facebook and you can also get a wonderful website for your business.
13. Online Wholesaler
If you’re good at building connections, then you can become an online wholesaler.
All you have to do is to build connections with the manufacturers. You can list their products on B2B listing sites like IndiaMart and TradeIndia and once you get a bulk order, you can contact the manufacturers and ship the order.
This is a great business idea that you can start without investment in Mumbai.
You will also need to do proper research and planning for becoming a successful online wholesaler.
14. Graphic Designing Agency
Graphics are in high demand because of digital ads and websites.
Every online business needs graphics for their business and it’s a great opportunity for people like us who want to start their own startup.
If you know Graphic Designing, you can very easily start your business by just creating a website. But, even if you don’t know Graphic Designing, you can hire designers who can work for you and you can just focus on getting clients.
15. Recruitment Firm
Every business needs employees someday and finding the right employees isn’t that easy. So, if you can help those companies in finding the right employee for their business, then what’s better than that!
Most of the companies have their headquarters in Mumbai and they do need employees on a regular basis. So, if you start this business in Mumbai, you’ll have a lot of opportunities.
Yes, you do have to do a lot of research and build connections before you jump into this business, but it’s going to change your whole life and that’s why I include this business idea in the list of 15 most profitable business ideas in Mumbai.
So, that’s all about 15 Most Profitable Business Ideas in Mumbai and hope you able to get an amazing business idea for your new business to start your entrepreneurial journey.
If you have any questions or suggestions, feel free to comment it down, I love to hear from you 🙂