Business Ideas

Market Scope: 
•    An Alliance Market Research survey predicted that online clothing rental market would register a compound annual growth rate of 10.6% from 2017 to 2023. Reaching $1856 million by 2023
•    Indians are habituating to the idea of rentals
•    Change in Lifestyle, urge to follow western culture...

Market Scope: 
•    An Alliance Market Research survey predicted that online clothing rental market would register a compound annual growth rate of 10.6% from 2017 to 2023. Reaching $1856 million by 2023
•    Indians are habituating to the idea of rentals
•    Change in Lifestyle, urge to follow western culture and fashion, increase in personal income are factors influencing this industry
Opportunities:
•    New kind of service in India
•    No competition
•    Good profits 
•    The demand will rise in future
•    The population of youth 
Risks:
•    The idea of fashion rentals 
•    To get back the rented...

Market Scope: 
•    An Alliance Market Research survey predicted that online clothing rental market would register a compound annual growth rate of 10.6% from 2017 to 2023. Reaching $1856 million by 2023
•    Indians are habituating to the idea of rentals
•    Change in Lifestyle, urge to follow western culture and fashion, increase in personal income are factors influencing this industry
Opportunities:
•    New kind of service in India
•    No competition
•    Good profits 
•    The demand will rise in future
•    The population of youth 
Risks:
•    The idea of fashion rentals 
•    To get back the rented product
•    To understand the fashion trend 
•    Huge investment
•    Have to buy new products all the time
Entrepreneurial Qualities:
•    Understanding targeted customers’ fashion needs
•    A judgment to grab the attention of masses
•    Interest and understanding fashion trends
Dos:
•    Study and experiment on how to make this idea more profitable and less risky
•    Understand people’s buying pattern on branded clothes and accessories
•    Must import branded clothes and accessories
•    Must follow strict methods to get back the rented products
Don’ts:
•    Buy every branded product
•    Invest heavily
•    Rent for very less price
Conclusion: Fashion rentals is a new idea in India. So, one must step into this business with innovative marketing and advertising strategies. Making people understand the need and flexibility of this service is the key to become successful. 
 

Market Potential:

• Availability of 4G services has drastically increased internet users
• There will be over 358 million E-commerce users by 2020
• The demand for Fashion  & Clothing websites is growing every year
• This software increases the sales of Fashion and Clothing stores

Product Description:

To make software which measures body...

Market Potential:

• Availability of 4G services has drastically increased internet users
• There will be over 358 million E-commerce users by 2020
• The demand for Fashion  & Clothing websites is growing every year
• This software increases the sales of Fashion and Clothing stores

Product Description:

To make software which measures body measurement and thus suggests the perfect fit clothes, best fashion trends & colors, and how the color will change in various lighting conditions. Every company and brand has its own fitting sizes which makes online shopping a little difficult. This software will help online shoppers to choose the best fitting...

Market Potential:

• Availability of 4G services has drastically increased internet users
• There will be over 358 million E-commerce users by 2020
• The demand for Fashion  & Clothing websites is growing every year
• This software increases the sales of Fashion and Clothing stores

Product Description:

To make software which measures body measurement and thus suggests the perfect fit clothes, best fashion trends & colors, and how the color will change in various lighting conditions. Every company and brand has its own fitting sizes which makes online shopping a little difficult. This software will help online shoppers to choose the best fitting clothes.

Opportunities:

• Fashion and clothing websites want this kind of software
• No competition
• Huge profits

Risks:

• Very high investment
• Very complex project
• Takes a great amount of energy and time

Entrepreneurial Qualities:

• Critical thinking & Problem-solving skills
• Understanding the pros and cons of the latest technologies
• Little knowledge of fashion trends and rules
• Optimistic and patience

Conclusion:

It is a very complex project and will take a huge amount of time to bring into the market. The extremely enthusiastic & talented software team is the must. Will bring huge profits, one the project is live.

Market potential:

• According to the report published Transparency Market Research, the global electronic scrap recycling market is expected to reach US$ 34.32 billion by 2022, growing at a CAGR of 15.7% from 2015 to 2022.
• According to a study backed by US, India produced 2 million tons of e-waste in...

Market potential:

• According to the report published Transparency Market Research, the global electronic scrap recycling market is expected to reach US$ 34.32 billion by 2022, growing at a CAGR of 15.7% from 2015 to 2022.
• According to a study backed by US, India produced 2 million tons of e-waste in 2016. China generated 7.2 million tons, and globally it is 44.7 million tones.

Opportunities:

• Huge profits
• Huge demand
• Less competition
• Availability of E-waste

Risks:

• Collecting E-waste
• Huge machinery and operating costs
• Heavy investment
• A little difficult to get permission from the government

Entrepreneurial Qualities:

• Knowledge of types...

Market potential:

• According to the report published Transparency Market Research, the global electronic scrap recycling market is expected to reach US$ 34.32 billion by 2022, growing at a CAGR of 15.7% from 2015 to 2022.
• According to a study backed by US, India produced 2 million tons of e-waste in 2016. China generated 7.2 million tons, and globally it is 44.7 million tones.

Opportunities:

• Huge profits
• Huge demand
• Less competition
• Availability of E-waste

Risks:

• Collecting E-waste
• Huge machinery and operating costs
• Heavy investment
• A little difficult to get permission from the government

Entrepreneurial Qualities:

• Knowledge of types of E-waste and their recycling methods
• Choosing the right methods and machinery
• Selecting talented engineers and workers
• Handling huge investment

Dos

• Must follow safety precautions
• Must follow environmental precautions
• Selective in importing waste

Don’ts

• Hire unskilled operators

Conclusion: Electronic waste recycling is a much-needed industry in today’s digital world. E-waste has become a burning problem in developed and developing countries. With the right strategies and methods, this business will bring huge profits.

Product/service description

The business focuses on installing solar panels in open fields and rooftops of buildings in order to generate electricity. It will also provide future maintenance to all the panels installed.

Market Scope/Potential

With the rise in population, electricity consumption has also increased a lot. Therefore, the cost of...

Product/service description

The business focuses on installing solar panels in open fields and rooftops of buildings in order to generate electricity. It will also provide future maintenance to all the panels installed.

Market Scope/Potential

With the rise in population, electricity consumption has also increased a lot. Therefore, the cost of electricity has also been continuously going up. Many of the villages do not even access to electricity. Installation of solar panels is an economical and eco-friendly way to sort out this issue. It only needs a one-time investment during installation. Recently, the government has also been promoting solar electricity so...

Product/service description

The business focuses on installing solar panels in open fields and rooftops of buildings in order to generate electricity. It will also provide future maintenance to all the panels installed.

Market Scope/Potential

With the rise in population, electricity consumption has also increased a lot. Therefore, the cost of electricity has also been continuously going up. Many of the villages do not even access to electricity. Installation of solar panels is an economical and eco-friendly way to sort out this issue. It only needs a one-time investment during installation. Recently, the government has also been promoting solar electricity so that everybody can have access to electricity at a very economical rate. The government has been encouraging people to start the business in the field of solar energy to help the entire country to get electricity. Looking at the current scenario, starting a solar panel installation business seems to be a wise idea.

Opportunities

1. The government is supporting people who want to enter the solar energy business.
2. This business requires a moderate amount of investment.
3. The business needs to tie up with solar panel manufacturing companies. These companies train people about the entire process of solar panel installation.
4. The business can be started in small office space.

Risks

1. The business must be registered, and some basic formalities need to be completed before initiating.
2. A team of skilled workers is required to manage the entire work.
3. Good promotion strategy is required to advertise the business.
4. The business is still in its nascent phase and has a lot of potentials to grow.

Entrepreneurial qualities

Anybody who wants to start this business must have an idea of how this industry works. He/she should have the money to start the business. A certification in solar panel installation is mandatory. The person should also be able to manage a team of workers and establish a good relationship with everyone to grow the business.

Conclusion

Solar panel installation business is a new field with not much competition. Since the government is also helping people to start this business, it is the right time to take up the opportunity and make the most of it.

The Idea is about automatic celling mount. People clean blades of fan while standing on chair table and ladder and get injure when fall down. 

To reduce this problem and to provide convenience to all if it is possible to have automatic celling mount of fan which will come down...

The Idea is about automatic celling mount. People clean blades of fan while standing on chair table and ladder and get injure when fall down. 

To reduce this problem and to provide convenience to all if it is possible to have automatic celling mount of fan which will come down when we press a button and we can clean blades of fan and again press a button and will go up.

Every body will buy it and we can sell in pan india as well as globally.

Huge profit and fan market will disrupt, it will fail the antidust fan...

The Idea is about automatic celling mount. People clean blades of fan while standing on chair table and ladder and get injure when fall down. 

To reduce this problem and to provide convenience to all if it is possible to have automatic celling mount of fan which will come down when we press a button and we can clean blades of fan and again press a button and will go up.

Every body will buy it and we can sell in pan india as well as globally.

Huge profit and fan market will disrupt, it will fail the antidust fan system.

Product/service description

The business focuses on starting a small-scale manufacturing unit to make rubber slippers that will later be sold to wholesalers. The design of the slippers will be customized as per the demands of the wholesalers.

Market Scope/Potential

Rubber slippers are consumer durable items that are widely used indoors...

Product/service description

The business focuses on starting a small-scale manufacturing unit to make rubber slippers that will later be sold to wholesalers. The design of the slippers will be customized as per the demands of the wholesalers.

Market Scope/Potential

Rubber slippers are consumer durable items that are widely used indoors as well as outdoors by both men and women of all ages. The rubber material makes it strong, comfortable and waterproof. There’s a huge demand for rubber slippers in the market, therefore, it is a good idea to start this business and earn a good profit.

Opportunities

1. There’s a huge...

Product/service description

The business focuses on starting a small-scale manufacturing unit to make rubber slippers that will later be sold to wholesalers. The design of the slippers will be customized as per the demands of the wholesalers.

Market Scope/Potential

Rubber slippers are consumer durable items that are widely used indoors as well as outdoors by both men and women of all ages. The rubber material makes it strong, comfortable and waterproof. There’s a huge demand for rubber slippers in the market, therefore, it is a good idea to start this business and earn a good profit.

Opportunities

1. There’s a huge demand for rubber slippers in the market.
2. The investment required to start this business is less.
3. The business yields a good profit.
4. This business can initially be started on a small scale.
5. The manufacturing process is simple.

Risks

1. A license is required to start the business.
2. There is great competition in this field.
3. The manufacturing unit should preferably be established in an industrial area.

Entrepreneurial qualities

Any person who has the initial amount to invest and knows to manage a team of workers can start this business. The person should also be good at establishing relationships which will enable him/her to acquire profitable orders from wholesalers.

Conclusion

Manufacturing rubber slippers is a profitable business that needs relatively less amount of money and can be established in a small space. Since the field has a great deal of competition, it is important to promote the business well.

Product/service description

The business will focus on setting up a small-scale manufacturing unit to make disposable plastic cups and glasses in a fully automatic machine.

Market Scope/Potential

Disposable plastic cups and glasses are in high demand these days because they are convenient to use, readily available, low in cost and...

Product/service description

The business will focus on setting up a small-scale manufacturing unit to make disposable plastic cups and glasses in a fully automatic machine.

Market Scope/Potential

Disposable plastic cups and glasses are in high demand these days because they are convenient to use, readily available, low in cost and hygienic. They are rapidly replacing the traditional cups and glasses that were earlier used to serve food items. The manufacturing process of these cups and glasses is relatively easy and the business can be initially started on a small scale. With the kind of growth in the demand that we...

Product/service description

The business will focus on setting up a small-scale manufacturing unit to make disposable plastic cups and glasses in a fully automatic machine.

Market Scope/Potential

Disposable plastic cups and glasses are in high demand these days because they are convenient to use, readily available, low in cost and hygienic. They are rapidly replacing the traditional cups and glasses that were earlier used to serve food items. The manufacturing process of these cups and glasses is relatively easy and the business can be initially started on a small scale. With the kind of growth in the demand that we see in the market recently, this business is definitely a good venture.

Opportunities

1. The demand for disposable plastic items is high.
2. The business can be started on a small scale and then can be expanded later.
3. The manufacturing process is simple and does not need any special kind of training.
4. The business yields a good profit.

Risks

1. A minimum of 1000 sq. ft. of space is required to set up the manufacturing unit.
2. A license is required to start the business. Special permission from the pollution board is also required.
3. A team of workers is required to manage the entire process.
4. There is a lot of competition in the market.

Entrepreneurial qualities

Any person who wants to start this business must have the initial capital. Though the person does not need any special skill, he/she must have experience working in an industrial field and managing a team of people. Having a good business plan and promotion idea is also a must to make the business a success.

Conclusion

Since disposable plastic cups and glasses have become very common, starting their manufacturing business can be highly profitable. However, as the competition is more, good promotion strategies are required to run a successful business.

Product/service description

The business focuses on manufacturing of corrugated packaging boxes for various purposes. It will cater to the needs of different companies and make customized boxes as per their demand.

Market Scope/Potential

Any kind of item that is transported from one place to another is packaged properly to avoid...

Product/service description

The business focuses on manufacturing of corrugated packaging boxes for various purposes. It will cater to the needs of different companies and make customized boxes as per their demand.

Market Scope/Potential

Any kind of item that is transported from one place to another is packaged properly to avoid damage. Corrugated boxes are universally used to package all kinds of products. However, since different items need different kinds of packaging, the corrugated boxes need to be manufactured according to the items’ needs. Therefore, companies get their packaging boxes customized. Today, since packaging boxes are widely used, their demand is...

Product/service description

The business focuses on manufacturing of corrugated packaging boxes for various purposes. It will cater to the needs of different companies and make customized boxes as per their demand.

Market Scope/Potential

Any kind of item that is transported from one place to another is packaged properly to avoid damage. Corrugated boxes are universally used to package all kinds of products. However, since different items need different kinds of packaging, the corrugated boxes need to be manufactured according to the items’ needs. Therefore, companies get their packaging boxes customized. Today, since packaging boxes are widely used, their demand is very high. So, starting a packaging box manufacturing business can be profitable if promoted well.

Opportunities

1. The demand for packaging boxes is high.
2. The business is highly profitable.
3. The manufacturing process is simple.
4. Only a few raw materials are used to manufacture the packaging boxes.
5. The raw materials are readily available in the market at a reasonable price.

Risks

1. The business needs to be registered and a license must be acquired.
2. Special permission from the pollution control board is also required.
3. A large area is required to set up the manufacturing unit.
4. There is a lot of competition in the market.
5. Trained people are required to operate the machinery.

Entrepreneurial qualities

A person who wants to start a packaging box manufacturing business must have a huge capital for initial investment. He/she must also have an experience of working in the paper industry. A good relationship with paper manufacturers will help in getting the raw materials at a reasonable rate. The person should also be good at planning the business to gain maximum profit.

Conclusion

A packaging box manufacturing business is a highly profitable business, but it needs huge investment, an experienced team of workers and a good promotion strategy.

Product/service description

The business focuses on selling stationery items that are used in offices, schools, colleges, and homes. These items will be purchased from wholesalers at a reasonable price and sold in the retail market at a profit.

Market Scope/Potential

Starting an office supply business is a profitable idea because...

Product/service description

The business focuses on selling stationery items that are used in offices, schools, colleges, and homes. These items will be purchased from wholesalers at a reasonable price and sold in the retail market at a profit.

Market Scope/Potential

Starting an office supply business is a profitable idea because these items have a great demand in the market and this demand always keeps increasing with time. If the business is managed properly, it yields a good profit.

Opportunities

1. This business never faces a recession.
2. There is always a good demand for office supplies in the market.
3. A considerable profit...

Product/service description

The business focuses on selling stationery items that are used in offices, schools, colleges, and homes. These items will be purchased from wholesalers at a reasonable price and sold in the retail market at a profit.

Market Scope/Potential

Starting an office supply business is a profitable idea because these items have a great demand in the market and this demand always keeps increasing with time. If the business is managed properly, it yields a good profit.

Opportunities

1. This business never faces a recession.
2. There is always a good demand for office supplies in the market.
3. A considerable profit is earned if the quality of the product is good.
4. The business can first be started on a small scale and can then be scaled up with the rise in demand.

Risks

1. This business needs good planning, registration, and license.
2. It is very important to develop good relationships with wholesalers and customers to get good buying and selling deals, respectively.
3. There is a lot of competition in the market and one needs good business plans to succeed.
4. Extensive promotion is very important to make the business popular.

Entrepreneurial qualities

The business needs a moderate amount of investment, so anyone who wants to plunge into this field must have the initial capital. The person should also have good social skills to develop business relationships with wholesalers and prospective customers. This business also needs consistency and dedication to be successful.

Conclusion

Though the business has an immense competition, it yields a good profit. If proper business plans are made, the business will be undoubtedly successful.

Product/service description

The business aims at leasing an already available space to organize new year parties. Waiters, bartenders, security guards, light and sound arrangements, etc. will be provided at an extra charge.

Market Scope/Potential

The new year is a time when people love to organize parties. However, not everybody has...

Product/service description

The business aims at leasing an already available space to organize new year parties. Waiters, bartenders, security guards, light and sound arrangements, etc. will be provided at an extra charge.

Market Scope/Potential

The new year is a time when people love to organize parties. However, not everybody has a large space at home, so they look for places that can be rented at a reasonable price. A person who has an empty space can easily lease it to people during the new year and earn some extra income. If the person also provides other facilities like waiters, bartenders,...

Product/service description

The business aims at leasing an already available space to organize new year parties. Waiters, bartenders, security guards, light and sound arrangements, etc. will be provided at an extra charge.

Market Scope/Potential

The new year is a time when people love to organize parties. However, not everybody has a large space at home, so they look for places that can be rented at a reasonable price. A person who has an empty space can easily lease it to people during the new year and earn some extra income. If the person also provides other facilities like waiters, bartenders, security guards, light and sound arrangements, etc. more people will be attracted to hire the place.

Opportunities

1. It is a good utilization of empty space.
2. The profit from this business is good.
3. The same space can be given out for many kinds of events.

Risks

1. Special permits are required to start this business.
2. The interiors must be designed to suit the new year theme.
3. Location of the venue is the most critical factor that decides the success of the business.
4. All the arrangements need to be done by the owner.
5. The venue should be well maintained in terms of hygiene.
6. There is fierce competition in this field.

Entrepreneurial qualities

Any person who owns a space in a good locality and has experience in organizing events can start a venue leasing business during the new year. The person should also be good at networking so as to promote the business extensively.

Conclusion

The venue leasing business is a profitable venture that can be started with an empty space. However, the business needs many kinds of permits. Good maintenance of the space and proper promotion is also essential to make the business popular.