Today's youth prefer to do jobs that give them more freedom and help them develop their creativity. That is why most of them turn to business. But many also have doubts about whether it is possible to start a business without a large capital. Let's try to find the answer to that. Let's get acquainted with some profitable businesses that can be started with an investment of under Rs. 5 Lakh.
1. Local Agri-Products Branding
There is a huge market for chili powder, turmeric, pepper, etc. available in Kerala. Especially for products with origin and organic tags. Buying directly from farmers, packaging, branding and selling it online is a great venture.
- Initial investment: ₹2 - ₹3 lakh
- Required items: Grinder, packaging material, label printer
- Marketing channels: Instagram, WhatsApp, Amazon, Meesho
2. Home Bakery/Cakes & Bakery Products
This is a great option for those who are interested in cooking or baking. Recently, there has been a surge in demand for different flavors. Similarly, there has been a surge in demand for home bakers. Home bakers will always be in high demand as they provide products without adulteration.
- Initial investment: ₹1.5 - ₹2 lakh
- Required items: Oven, Mixer, Packaging Boxes, FSSAI license
- Promotion: Instagram reels, Local events, Swiggy/Zomato
3. Online Tuition Center/E-Learning Platform
For those who are proficient in any subject, this is a cost-effective and profitable way. There are many housewives who take tuition at home and moving online will help them scale their small business. If they move online, they can serve students from all over Kerala. Different ideas like financial literacy classes for Plus Two students are very popular.
- Initial investment: ₹50,000 - ₹1 lakh
- Equipment: Laptop, webcam, article resources
- Technologies to know: Zoom/Google Meet, Digital Marketing
4. Ecommerce Reselling (Dropshipping or Reselling)
Dropshipping is selling other sellers' products online. There is no need to pack or stock them. When an order is placed, it can be purchased from the seller and sent directly to the customer.
- Initial investment: ₹1 lakh (for marketing and website)
- Techniques to know: Social media marketing, Shopify/MeShow/Instamore
- Investment required: Overall website, product photography, ads
5. Smartphone servicing & accessories store
The demand for daily repairs and accessories for smartphones is increasing. There are 5 to 6 phones in a household today, so there is a corresponding demand for repairs and accessories. This is an easy skill to learn for those interested in hardware technology.
- Initial investment: ₹3 - ₹5 lakh (for study and setting up shop)
- Required materials: Screw kit, multi meter, power supply, testing box etc
- Extra income: Screen guard sticking, handset cleaning, used phone reselling
Even with little capital, you can start a successful business with a good plan and good marketing methods. Find the one that suits your interest and skills among these businesses and start with small steps. The beginning will always be small but the dream should always be big.
