Nowadays there is not much money needed to start a business. You can start a profitable business for less than ₹ 5000. Just you have to choose the right business idea and manage your expenses wisely. In this article, we will tell you about some business ideas that can start in a low budget and from which you can earn up to ₹ 1 lakh every month.
Before starting a business, you have to understand what are the needs of marketing and customers. If you pay attention to both these things, you can quickly make your business successful. Let us look at some business ideas that can start from ₹ 5000 and from which you can earn well.
Start a small business with ₹ 5000
Here are some business ideas which can start from ₹ 5000 and from which you can earn well:
business idea | Description |
Tiffin service | Start tiffin service from home and provide home food to people going to office. |
Candle making | Make aromatic and decorative candles and sell. |
Mobile repairing | Start service to repair mobile phone. |
Event planning | Give planning and decoration services for small events. |
Freelance writing | Earn money by writing online articles. |
Handicraft | Make and sell handicraft products. |
Dropship | Business to sell products without stock. |
Photography | Provide photography services. |
How to start tiffin service
Tiffin service is a business that can be started from home. For this you will need grocer, packaging, and delivery box. You can marry your business through WhatsApp group, Instagram, and Food delivery apps.
With tiffin service, you can earn from ₹ 40,000 to ₹ 60,000 every month. Just you have to provide good quality food to your customers and deliver on time.
Candle Making Business
Candle making is a small but profitable business. For this you will need wax, molds, and aroma. You can start with an investment of ₹ 1500 to ₹ 3000 and you can earn from ₹ 2000 to ₹ 5000 every month.
For candle making you will also need packaging and labeling. You can sell your products on local market or online platforms.
Mobile repairing business
Mobile repairing is a business that is in great demand nowadays. For this you will need basic mobile repairing tools. You can start with an investment of ₹ 2000 to ₹ 5000 and earn from ₹ 3000 to ₹ 10,000 every month.
For mobile repairing, you will have to marketing through social media and word of mouth. You can start with your friends, family, and neighbors and gradually increase your business.
Event Planning and Decoration
Event planning and decorations are a business especially suitable for festivals, weddings, and parties. For this you will need a basic decoration material. You can start with an investment of ₹ 3000 to ₹ 5000 and earn from ₹ 5000 to ₹ 20,000 from every event.
For event planning, you have to marketing through social media and word of mouth. You can start with small events and gradually move towards large events.
Freelance writing
Freelance writing is a business that can be started from home. For this you will need writing skills and SEO knowledge. You can start from ₹ 0 and earn from ₹ 30,000 to ₹ 50,000 every month.
For freelance writing, you have to do marketing through LinkedIn, Upwork, and Facebook groups. You can earn money by writing blog posts, articles, and content.
Handicraft
Handicraft is a business in which you can make and sell hand -made products. For this you will need raw materials and packaging. You can start with ₹ 5000 and earn ₹ 20,000 to ₹ 30,000 every month.
For handicrafts you have to sell your products on local market and online platforms. You can use platforms like Instagram and Etie.
Dropship
Dropscripting is a business in which you can sell products without stock. For this, you have to partner with the suppliers. You can start from ₹ 0 and earn from ₹ 20,000 to ₹ 50,000 every month.
For dropships, you have to use platforms such as Shopfi, Misho, and Alixpress. You can promote your products through social media and online marketing.
Photography
Photography is a business in which you can provide photography services. For this you will need camera and photography skills. You can start from ₹ 50,000 and earn from ₹ 30,000 to ₹ 50,000 every month.
For photography, you have to marketing through social media and Word of Mouth. You can provide wedding, events, and portfolio photography services.
Disclaimer: This article is for general information and does not recommend a specific business plan. Before investing in any business, it would be appropriate to consult your financial advisor. Keep in mind that every business involves risk and success depends on many factors, such as market demand, competition, and your business ability.