Do you have plans to start your business, Know these profitable startup ideas in 2020?
Employment is a viable factor in everyday human life. Employment may be working for someone (or) doing some kind of small business with startup ideas.
Such a small business are called as startups, which we can define as “an entrepreneurial venture which was started new and growing rapidly to gain a marketplace in a particular industry“.
Their unique business model with some innovative startup ideas, services, and process management leads them to become a successful small business establishment.
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In this article, we will be going to discuss about the different startup ideas that you can start this year.
Once you decided the suitable good business ideas, prepare a business plan forecasting all terms of your business, and arrange for funding sources.
Table of Content
20 Startup Ideas in 2020
1. Start Organic Food Store
2. Designer Clothes Manufacturing
3. Welding Workshop
4. Wood Working
5. Hardware Stores
6. Electronic Store
7. Small Plastic Product Manufacturers
8. Interior Designer
9. Home Security Solutions
10. Logistics Business
11. Reverse Logistics
12. Furniture E-commerce
13. Database Marketing
15. Consulting and Sub Contract
16. Digital Marketing Firm
17. Blogging Business
18. Own Domain and Hosting Business
19. Small Freelance BPO Business
20. Photo Studio
What is Startup India?
It is a program that started with the plan aimed at promoting bank institutions to provide financial support to all start-up ventures.
This movement was started to motivate and create more young entrepreneurs in India. Also, liberal financial support encourages the rise of more new startups thus creating more job vacancies across the country.
There are many advantages to starting a new start-up business from this movement. Some of the important key points are:
- Tax rebate from the capital gain for the first 3Years
- Free from Capital gain tax for 3 Years.
- Loan dispersal within 90days.
- Targeting to create more startup hubs in India.
20 Startup Ideas in 2020:
1.) Start Organic Food Store:
The first innovative startup idea was starting an organic food store in your area. People are becoming aware of the food adulterants and now showing interest to move towards organic.
The organic industry was one of the growing demand and the challengeable food industry in India. You can easily start this start-up business by tying up with your local farmers.
They are your raw material suppliers from where you can purchase all the agri products and sell to the people with some profit margins.
Rent a suitable room in your area and furnish with the necessary structures. With some little marketing effort, you can advertise your business among the people.
You can even offer free door delivery to nearby customers to gain more name. This small start-up business idea has a good future as it is one of the growing demand industry.
2.) Designer Clothes Manufacturing:
It is a profitable startup business idea for everyone. Like organic foods, people are more focused on their dressings.
It’s very simple to start this business and moreover, there is not much capital required to get started.
Purchasing raw cloth materials from whole sellers and apply your own design on to the clothes and then sell to the people.
You can open a boutique shop (or) even use your four wheeler vehicle to bring the sales.
Younger generations love a lot of unique designed clothes and this creates a kind of demand for your business.
It takes time to build up a unique market for you and once you are done achieving it, you can easily make around 20 % – 40% of the profit margin from this business.
3.) Welding Workshop:
They are otherwise called as Steel fabricators. You may wonder if this a good business to start in India.
Fabrication work is always a demanding work in all sectors of every manufacturing company, and even in-house construction, etc.
We build a house by using bricks and cement, but the passage, Windows, and entrance are protected with steel gates.
Iron and Steel metals are fabricated and welded together to build a structure suitable for Gates, Window grills and other purposes.
It does not require much of the terms of investment, and you can easily start this business in your area.
4.) Wood Working:
Similar to welding work, Wooden made furniture such as doors, windows, and home furniture manufacturing and selling a business is also the best start ideas.
In India itself, in every new day, nearly 1000+ new people begin their house construction work. This indirectly creates a demand for these types of products.
In this business, you need to make customized wooden furniture based on the customer requirement.
This business requires skilled labors and a lot of manpower because people are most likely to buy hand-made furniture rather than machine cuttings.
There are two kinds of business in this sector: One is you can directly manufacture and sell in the market.
And the next one you can start a furniture showroom and tie up with some manufacturers. Purchase the goods at wholesale rates and sell with some profit margin to the customers.
5.) Hardware Stores:
Building a house is not a simple task. A home is a place where the man’s race habitats, family members unite together.
Starting the hardware stores is a good startup idea as it is directly related to the construction industry.
You can sell all the things such as Paints, PVC Pipes, bathroom fittings, Kitchen equipment, Electrical items such as cables, wires, switches, sockets, etc.
You can rent a proper store and tie up with whole sellers. Purchase bulk goods and stock in your store to sell the customers according to their requirements with some profit.
6.) Electronic Store:
No house is without a TV, Fridge, Washing Machine, Grinder, Mixie, Oven and etc. Why don’t you start selling home electronic items to the people?
This is the most successful startup ideas for anyone with some initial capital to invest. Yes, you need to pay an advance amount to the manufacturers for bulk purchases.
Store the items in a GoDown and find the best place for your showroom and furnish with all the latest decorative items to display all major branded TV, Washing machine, Oven, Refrigerator, etc.
Once everything completed, advertise through newspaper, TV, Radio and let people visit your showroom to purchase items.
You can earn by keeping a percentage margin for every product sale from your store.
7.) Small Plastic Product Manufacturers:
Manufacturing and selling plastic products is also one of the best startup ideas with low capital investment.
The products are referred to as plastic mugs, buckets, drums, pots, and water storage containers to carry water has some demands on the market across India.
I can see some small sellers using their two-wheelers, and a custom made four-wheeler vehicle for businesses.
Plastic injection molding machine [Vertical (or) Horizontal] is enough to start this business. You can start this business with a little investment to buy a second-hand molding machine.
Get the orders from some mid-level companies, they will supply the required raw materials and buy back the finished goods from you. This can be a good startup business.
8.) Interior Designer:
The name itself says the type of business you are going to start. This business is related to the real estate industry and this business is more profitable in countries like India.
Home is the symbol of status in the society and every people like to construct their home with uniqueness.
Hence, starting this business has the potential to grow in the market because it requires creativity and skills.
You can easily start this business without much capital investment. Just create a website, a facebook page and a twitter for marketing purpose.
This business can be started from home also.
9.) Home Security Solutions:
Security is the most important aspect to all people for their homes, vehicles and any other thing.
You can start selling home security products such as CCTV, Burglar Alarm Systems, and Fire Alarm Systems, etc.
There are many DIY project guides on the Internet, where you can make one of your own to try in your own house (or) the area you want to protect.
If this goes successful, then you can think of starting a successful start-up business by manufacturing more products and selling on the market.
Register a firm with the government and apply for patent rights to become a legal seller.
Else, if you found it’s difficult, you can start selling other brand products. Start a showroom and print some pamphlets.
Tie up with popular brands and purchase the products at wholesale prices, then market with some profit margin.
10.) Logistics Business:
Delivering goods from the merchants and manufacturers to the customer doorstep is what we called as logistics business.
With the immense development on the Internet and smartphones, the E-commerce industry was digitalized and growing much faster.
Many popular brands such as Amazon, Flipkart, Snapdeal and other online shopping sites find it hard to deliver the goods.
So they are outsourcing this department to other privates such as Bluedart, ST Courier, and Professional couriers.
Starting its own logistics business is a good startup idea as this industry has a reasonable potential growth.
11.) Reverse Logistics:
This works similar to the logistics business but the process is a bit different. Many people are returning some items back to the merchants and manufacturers.
This also gives a volume of business which involved collecting these items from the customers and taking it back to the merchants.
12.) Furniture E-commerce:
Do you know the E-commerce site – PEPPERFRY.COM, India’s largest online furniture shopping portal. They include home decor, kitchenware, housekeeping items, and home electrical solutions.
Why I mentioned them here was to give you an idea of a good web startup idea. You can simply create an E-commerce website and take a franchise with some major wooden furniture manufacturers.
List their items in your portal and with an effective digital marketing strategy you can easily reach the market.
Whenever visitors landed on your portal, recommend them some best products and push them to purchase it.
In every sale, you can make money from this business.
13.) Database Marketing:
Though it might be something difficult to understand but starting this business is one of the best starts up ideas.
It is the process of direct marketing using the database of customers and establishing personalized communication with them based on their age group, category, etc.
Simple examples, instead of sending a bulk email to all the customers in the database, create a segmented email based on the age, category, and interest and send them a personalized email.
This marketing strategy will get you more leads to the company you work for. This small start-up business has already established in developed countries like the USA, and the UK.
Developing countries like India is one of the biggest markets in the world, where you can easily make huge revenue if you start this business.
People are wasting things like food, clothes, shoes, and electronic items after a long usage (or) when they become failures.
Instead of throwing them in the streets, you can help to recycle them into reusable products. All plastics, newspapers, metals, and circuit boards can be easily recycled.
Developed nations have already formed many organizations to collect these wastes from the people for recycling.
There is the big business behind this idea and if you think starting a new business of recycling wastes, you can earn huge revenue.
An Example: Greenbhoomi, E Recycling Solutions, SEZ Recycling are some of the successful running startup ideas in this sector based in Tamil Nadu.
15.) Consulting and Sub Contract:
This can also be the best startup ideas if you wish to start your own business in your location. This business idea requires certain special skills, field expertise, and manpower.
There are lots of outsourcing jobs available on many established companies and you can earn a good income for your work.
In Civil, you can start Vasthu Consultant, Interior design consultant, building planning consultant, etc. In Mechanical, you can go for a design consultant if you an expert in a particular field.
16.) Digital Marketing Firm:
Internet technology was the backbone of every new and running business in this era. Let us begin with some startup business ideas in this sector.
Internet and Social media have completely dominated the advertising and communication industry, so I suggest starting a small digital marketing firm was a very good idea.
Initially work for some company to get enough knowledge and their tactics, and then start your own firm.
Develop your skill in the area of Social Media Marketing such as Facebook, Linkedin to develop your client brand.
All you need is to come up with a new idea (or) create a different idea from existing ones and approach business in your area.
Show them your price, promotion strategy and how it will impact their business growth.
Once everything runs fine, you are set to go.
17.) Blogging Business:
Blogging developed a lot and it’s one of the prime platforms for people and businesses to share their knowledge, opinion by publishing online content.
You can take it as a profession (or) for a hobby, however, in both ways, you can earn income. If money comes from some ways, why don’t you build a business around it?
Every start-up business and the running business firm should have a presence on a blog to establish their market across the target audience.
It’s a crucial factor that helps businesses gaining popularity and fame in a shorter period and drive long-term customers for their business.
Hence, becoming a blogger and starting a digital marketing firm are very good startup ideas in India.
To start this business, you need to learn to blog, especially WordPress which is currently dominating the industry.
Find some small businesses in your area and approach them to explain the importance of online presence.
Remember, the marketing strategy of GoDaddy. Get the customer, start your first business.
18.) Own Domain and Hosting Business:
The online presence is the backbone of every business, the same way the online presence needs a domain and hosting.
Good Hosting ensures the smooth running of your online business.
There are many big brands such as GoDaddy, HostGator, Bluehost, NameCheap and many new successful businesses such as A2Hosting, Site Ground, Kinsta, Cloudways, etc.
People are looking for the best services that they can get at affordable prices. Take advantage of this fact and start your own domain and hosting services to build your first start-up business.
You can work as an affiliate for these brands (or) get a raw server from their data center, customize based on your needs and start selling to other people.
I am doing the second kind of start-up business, that is I purchased a raw server and customized for my need. Then I am selling it to my clients and other new people.
19.) Small Freelance BPO Business:
The days are gone where companies recruited people to perform different operations for their company. Now, the 21st century was the age of freelancing.
Companies found it is the best idea to outsource their various projects to freelancers so that they can get higher production in less time.
If you are an expert in the IT field, rent a small room and purchase some computers. Then, get some projects from freelancing websites and hire candidates to work.
Pay them a small percentage as a Salary and you deduct the profit from the earnings. After some days, you expand your business with more projects and staff.
There are various freelancing jobs available online such as Data Entry Operator, Virtual Assistant, Web Designer, Content Writer, Web Developer, Animator, etc.
20.) Photo Studio:
If you are very good at clicking on pictures, you can start a small photo studio in your area. It is a very good startup idea to become a photographer.
There are multiple occasions like weddings, birthday parties, business parties, seminars, concerts, exhibitions, and workshops where you will get lots of business.
You can easily get a chance by approaching the people who organize these kinds of occasions. You can either signup for a long-term business co-operation (or) work as a freelancer.
If you get more orders in the future, you expand your business by employing more photographers on multiple occasions at the same time and when needed.
Starting this business requires only a small investment to buy equipment, rent a room for a studio and other gadgets such as computers, internet service, etc.
The article was written based on the inspiration after reading the business blogs.
All the startup ideas shared here are purely based on the present trend and competition in the industry and it may change with time.
Another important thing is that these business ideas are just for informational purposes only and based on the idea you read here, analyze more about the successful operation in your area.
Start a business without passion will never give you results. Concentrate on your passion which will drive success to your business.
Some businesses may require initial investment capital to start, and it is absolutely up to your own decision to start the business.
You cannot make the profit overnight from the business you start today, and it takes time and patience to get returns on your investment.
PS: You think it’s difficult to start a business on your own, then how about seeing the different online jobs from home. You can start one online job today to save funds for starting a business.
Thanks for reading this article on 20 profitable startup ideas in 2019 and I have listed all the businesses based on the lowest investment possible.
Based on these startup ideas, brainstorm your mind and choose the perfect business to start today.
ALL IS WELL!