Looking for some small scale business ideas but won’t able to get any good idea even after reading tons of blogs?
Well, Your search will end here as I’m going to list Top 10 Most Profitable Small Scale Business Ideas in 2020 which you have never heard before and you can start these businesses very easily with minimal investment!
But, before we start, Do you know that according to top successful entrepreneurs, You should always start your new business on a small scale so that you can understand how things work and how your business will do in the market.
Now, let’s start the main thing for which you are here without wasting any more time.
Top 10 Most Profitable Small Scale Business Ideas in 2020 :
- 1). Online Gift Store
- 2). T-Shirt Printing Business
- 3). Milk Delivery Service
- 4). Social Media Managing Service
- 5). Wedding Planner
- 6). Online Selling
- 7). Wedding Photography
- 8). Organic Product Store
- 9). E-Commerce Niche Store
- 10). Grocery Delivery Service
1. Online Gift Store
Online Gift Store is one of the best small scale business ideas which you can start in 2020 with minimal investment.
An Online Gift Store is a kind of eCommerce Store where you can sell gift products like Customised T-Shirt, Coffee Mugs, Teddy Bears and more like that…
It’s also one of the easiest small scale business ideas which you can start in 2020 with minimal investment.
Now, what you need to start an online gift store in India?
Well, here are a few things you need in order to start your Online Gift Store in India:-
- Good & Short Domain
- Powerful Hosting
- Attractive Website
- Products to Sell (Or you can tie-up with offline gift stores)
- Shipping Solution
- Packaging Materials
2. T-Shirt Printing Business
T-Shirt Printing Business is one of those small scale business ideas which you can start from home!
It’s also one of the most profitable small scale business ideas which you can start in 2020.
But, how can I tell you that this business is profitable?
Well, I’ve have some calculations for that :-
A blank t-shirt will cost you Rs.60-80 and the combined printing & packing cost of the t-shirt will something about Rs.40-50. So, the cost of one t-shirt is approx Rs.150/-
Now, you can sell this t-shirt in the offline market with a price tag of Rs. 200/- to Rs.300/- or you can sell t-shirt online with a price tag of Rs.300 to Rs.600.
Where can you sell printed T-shirts?
- You can print t-shirts for corporate events.
- Reach out local schools, they might have some requirements.
- Sell Printed T-Shirts online on Amazon and Flipkart
- Make your own site and sell customized t-shirts
- See if your local retailers have some requirement.
Now, you know how profitable this business is!
But, What you need to start a t-shirt printing business in India?
Here are the things which you will need in order to start your T-Shirt Printing Business in India :
- Heat Press Machine
- Sublimation Inks
- Ink-Tank Printer
- Sublimation Paper
- Packaging Materials.
- GST Registration (Mandatory when selling online)
3. Milk Delivery Service
The third small scale business ideas which you can start in 2020 is Milk Delivery Service!
Have you ever faced the problem of getting quality milk at the right price?
Well, I faced it and I know how big this market is!
I’ve also done a lot of research when I was trying to find a good solution to my problem. I can tell you that this market very big and it’s best to for you to jump into it this business and earn maximum profits.
One of the most popular Milk Delivery Service providers in Delhi is “Country Delight“. I’ve personally used their service and I loved it.
Now, they invested a lot of money and also get multiple rounds of funding but I’m not saying you to invest a lot of money in starting your small scale business.
You have to invest as less as you can and ask yourself how can you make maximum profits from your business.
Now, in a Milk Delivery Service business, all you have to do is to tie-up with local milk vendors and get milk for them at a low price and pack the milk using Glass Bottles which costs you cheap and then you good to go.
Now, the last thing you will need is a person who will deliver the milk. You can hire someone for doing delivery works.
Also, a website is always preferred for any kind of business you are going to start in 2020 and if can invest some more into this business, you can build an app for your business.
I have a lot to say on this business idea, So, I’ll write a separate blog on this business idea soon!
If you want to know more about these business ideas, you can check out the business model of “Country Delight” and do subscribe to this blog so you will get notified when I publish a blog on this business idea.
4. Social Media Managing Service
As we all know, social media plays a very important role in our lives and the same applies to Brands, Businesses and Public Figures.
They have to maintain their Social Media Profiles and they are ready to pay you so that you can manage their social media profiles on behalf of them.
This is a great small scale business idea and the best time to start this business is now, in 2020!
Now, what you have to do when you start a Social Media Managing Business?
Well, there are a lot of things you can do to scale up this business. You can also hire some people who will work for you and manages the Social Media Profiles of your clients.
Also, this business is one of those businesses in which you can get clients from all over the world and you can do all this from a small office situated anywhere in the world.
You don’t need a lot of money to start this business and even if you don’t know Social Media Management, you can learn it or just hire someone for your work.
What do you need to start a Social Media Managing Business as a Small Scale Business?
- Office Space (Optional)
- Have to lean Social Media Management (Or hire someone)
- An Internet Connection
- A Laptop/Computer
- Graphics Designing Knowledge
- Marketing Skill
5. Wedding Planner
According to Wikipedia, There are over 10 million weddings in India happen every year! You can imagine how big the market is, and how much money you can make by doing this small scale business in India.
If there are 10 million weddings happening every year in India, that means on an average 83,333 wedding happening every month in India.
In the above screenshot, you can see that there are 2,46,000 monthly searches for wedding planners in India. Let’s say, if you get only two projects every month, imagine how much you can make.
In India, a wedding planner charges around Rs 2 to 6+ Lakh per wedding, depending on the expertise and popularity of his/her company.
Now, let’s assume that you will get around 20 projects in a year, which means you can easily make more than Rs 40 lakh, isn’t that amazing!
According to me, this is one of the best business small scale business ideas to start, especially in India!
But, the question is What things you have to do in order to start a wedding planning business in Inda?
Well, here are somethings you have to keep in your mind :
- Research everything about it
- Make Financial Plan
- Decide your USP (Unique Selling Point)
- Register your Company
- Make a Marketing Plan
- Print your Visiting Cards
- Promote yourself aggressively
- Provide Quality Service.
6. Online Selling
In an interview, the head of Amazon India reveals that more than 100 sellers make more than Rs.1,00,00,000/- during the Great India Sale on Amazon last year.
You can imagine how much you can make from this business in India. This is again one of the best small scale business ideas available right now!
Starting an Online Selling business is not so tough as well as becoming a successful online seller is not easy. You have to provide good products, market your products and have to do things in the right way, only then you can achieve success in this business.
I’ve written a complete blog on Online Selling: Benefits, Advantages and more., and How to start eCommerce business in India [Beginners Guide] check it out!
But, here are some things you should keep in your mind when you are going to start an Online Business in India:-
- Sell on big eCommerce Giants (Helps you in getting sales easily)
- Get GST Registration (Mandatory for Online/Inter-State Selling)
- Get a Shipping Solution (Incase you starting your own website)
- Purchase packing materials.
- Keep records of every transaction.
- Follow Government Rules & Regulations.
- Check the commissions of eCommerce Platforms on which you want to sell.
7. Wedding Photography
The seventh most profitable small scale business ideas which you can start in 2020 is about Wedding Photography Business!
As I told you above that there are over 10 million weddings in India happen every year! It’s obvious that there are always need of a Good Wedding Photographer.
Now, you can start your own small scale wedding photography business and start taking projects. And, If you know photography and a good photographer, you can start your business by yourself.
But, in case you don’t know anything about photography, you can tie up with some photographers and charge some percentage of commission of their income on behalf of providing them photography projects.
If they got a good amount of money, they will love to work with you. You can do this and make your small scale business grow.
There are endless opportunities in this business and you can earn more than a lac every month by doing this business and the best this is that you even don’t need to invest a lot of money into your business.
8. Organic Products Store
The demand for Organic Products are increasing day by day and the expected market growth is around 25% by 2023!
Everyone is shifting toward Organic Products…from Organic Cosmetics to Organic Foods all are in high demand and the demand keeps increasing! Also, there is not a lot of competition in this market yet.
If you want to do this business, this is the perfect time to start it!
This business idea needs little more investment in comparison to other small scale business ideas listed here, but you can earn a lot and the chances of success are also high.
Now, what you need to start an Organic Products Store in India?
Here are a few things you will need to start your Organic Products Store in India :
- Delivery/Shipping Solution
- Products to Sell
- Product Sourcing
- Business Registration
- Business Promotion
- Packing Materials
9. E-Commerce Niche Store
E-Commerce Niche Store is basically an Online Store which deals in niche-based products. This small scale business idea can help you in achieving success very fast in comparison to any other business idea.
But, you have to choose the right sector/niche in which you want to jump in, else you can’t succeed. Not only that, but you also have to focus on many other this like Marketing Strategies and product selections.
I found a great blog on “Tips For Choosing The Best and Most Profitable eCommerce Niches”., this might help you in choosing the right niche for your small scale e-commerce niche store.
Now, that’s fine but what are the things you will need to start your E-Commerce Niche Store in India?
Well, here a few things you will need to start your eCommerce Niche Store in India :
- Domain (Related to your niche)
- Powerful Hosting
- Attractive and Functional Website
- GST Registration (If you deal in more than one state or your turnover is more than 40 Lakh)
- Shipping Solution
- Packaging Materials
- Marketing Plan
- Products to Sell (The Most Important)
10. Grocery Delivery Service
The last but not the least, the tenth most profitable small scale business ideas for 2020 is Grocery Delivery Business!
Do you know that Big Basket, one of India’s biggest online grocery store crosses Rs.10,00,00,00,000 (Rs.1,000 Core) sale mark in FY2017!
Image how big the market is!
I’m not saying that you have to compare your business with BigBasket, because that’s the most stupid thing you can do!
I’m telling you to find some loopholes in the Big Basket business model and use that in your small scale grocery store as a USP (Unique Selling Point).
This small scale business idea is the best business idea which you can start if you are from Tier-2 or Tier-3 cities where Big Basket and other Grocery Delivery Services are currently not available.
Note that if you want to become successful in this business, you have to provide quality products & services and have to listen to your customer feedback and work on it.
Once you capture a market in any city, then even if Big Basket and Grofers came there, your customers are always yours and you can easily scale up your small scale business.
That’s all about the Top 10 Most Profitable Small Scale Business Ideas which you can start in 2020!
Hope you got a great idea for your new business.
If you have any questions or suggestions regarding this, then do comment it down below or get in touch with me, I would love to help you 🙂
Best of Luck!
Thank You 🙂