Business Ideas

Product/service description

The business aims at helping people to find out good real estate properties like houses, offices, shops, and land.

Market Scope/Potential

Real estate brokerage business has been an old and renowned business for years. Though it involves a great deal of hard work and greatly depends on building...

Product/service description

The business aims at helping people to find out good real estate properties like houses, offices, shops, and land.

Market Scope/Potential

Real estate brokerage business has been an old and renowned business for years. Though it involves a great deal of hard work and greatly depends on building good contacts with real estate owners, it eventually helps the real estate agent to earn a great deal of profit.

Opportunities

1. Less investment is required to start the business.

2. It enables the person to work independently and enjoy complete freedom.

3. Good real estate deals yield great profit....

Product/service description

The business aims at helping people to find out good real estate properties like houses, offices, shops, and land.

Market Scope/Potential

Real estate brokerage business has been an old and renowned business for years. Though it involves a great deal of hard work and greatly depends on building good contacts with real estate owners, it eventually helps the real estate agent to earn a great deal of profit.

Opportunities

1. Less investment is required to start the business.

2. It enables the person to work independently and enjoy complete freedom.

3. Good real estate deals yield great profit.

4. The advent of technology has greatly helped the real estate agents to locate good business deals accurately.

5. Real estate business has been rising continuously and has a great future.

Risks

1. It requires a great deal of hard work to establish a good name in the market.

2. A good number of contacts are required to allure the customers and offer them a satisfactory deal.

3.  All real estate agents must be registered under the Real Estate Regulation Act 2016.

4. Good marketing strategies can help the agent to build a good reputation.

5. Proper training in the field of brokerage will be an added advantage.

Entrepreneurial qualities

A person who aspires to be a real estate agent and wants to start a business in the same field will benefit if he/she has professional training in the field of real estate brokerage. Though the investment required is small, a great deal of hard work and a good relationship with real estate owners is required to establish a successful business. Marketing strategies like creating an attractive website, having the office at a good location, establishing a good reputation will have a positive impact on the business.

Conclusion

Real estate brokerage business has a very good future prospect if the person starting the business is passionate about learning the marketing skills, is through with the market research, has good contacts with real estate owners and is ready to work hard.

Product/service description

The business focuses on providing cleaning services to houses, apartments and residential complexes. It mainly deals in deep cleaning services that are difficult to achieve on a daily basis.

Market Scope/Potential

Until now, people had been cleaning their homes on their own or hiring a person to assist...

Product/service description

The business focuses on providing cleaning services to houses, apartments and residential complexes. It mainly deals in deep cleaning services that are difficult to achieve on a daily basis.

Market Scope/Potential

Until now, people had been cleaning their homes on their own or hiring a person to assist them in the daily cleaning. Recently, the concept of deep cleaning the entire house is gaining much popularity in the big cities. Owing to the lack of time and energy, people have started preferring professional cleaners for cleaning of the entire house, which includes cleaning furniture and bathrooms too. This...

Product/service description

The business focuses on providing cleaning services to houses, apartments and residential complexes. It mainly deals in deep cleaning services that are difficult to achieve on a daily basis.

Market Scope/Potential

Until now, people had been cleaning their homes on their own or hiring a person to assist them in the daily cleaning. Recently, the concept of deep cleaning the entire house is gaining much popularity in the big cities. Owing to the lack of time and energy, people have started preferring professional cleaners for cleaning of the entire house, which includes cleaning furniture and bathrooms too. This business gives an opportunity to make some good profit.

Opportunities

1. The business can be started with a low investment.
2. As the business grows, the profit margin is good.
3. This can be started as a full-time or part-time business.
4. No special skills are required to start the business.
5. Though there are some established players in the market, there is still scope for others to enter the same field.
6. The business has a good scope of growth and expansion.

Risks

1. Presently, this business has gained popularity only in bigger cities.
2. The business can be started only after getting registered and securing a license.
3. Good online marketing works well in advertising the business.
4. Since the business depends on the service providers (cleaners), managing them can become a little difficult if the staffs do not cooperate.

Entrepreneurial qualities

To start this business, one does not require any special skill. All that is required are some simple machines, a handful of expert cleaners, few chemicals, and small office space. However, marketing and managing skills of the business person should be up to the mark. Good networking with residential complexes, builders and house owners can help in securing good business deals.

Conclusion

As this is an emerging field, there is a lot of scope for the business to grow. Commitment, hard work and quality services can help the business to gain popularity.

Product/Service Description

The business focuses on the manufacture of petroleum jelly on a small scale and its sale to wholesalers, retailers and online customers.

Market Scope/Potential

Petroleum jelly is an essential ingredient in many cosmetics and skin lotions. It is used for making skin creams, hair gels, pain balms, cold...

Product/Service Description

The business focuses on the manufacture of petroleum jelly on a small scale and its sale to wholesalers, retailers and online customers.

Market Scope/Potential

Petroleum jelly is an essential ingredient in many cosmetics and skin lotions. It is used for making skin creams, hair gels, pain balms, cold creams and vaporous. The manufacturing process of petroleum jelly is relatively simple and can be started without much fuss. Since the finished product is already popular and enjoys a good demand in the market, any business that focuses on proper marketing strategies can make a good profit.

Opportunities

1) Less...

Product/Service Description

The business focuses on the manufacture of petroleum jelly on a small scale and its sale to wholesalers, retailers and online customers.

Market Scope/Potential

Petroleum jelly is an essential ingredient in many cosmetics and skin lotions. It is used for making skin creams, hair gels, pain balms, cold creams and vaporous. The manufacturing process of petroleum jelly is relatively simple and can be started without much fuss. Since the finished product is already popular and enjoys a good demand in the market, any business that focuses on proper marketing strategies can make a good profit.

Opportunities

1) Less capital investment is required.

2)  It does not need a lot of real estates to open a small-scale factory.

3)  Raw materials are readily available.

4)  Petroleum jelly has a good demand in the market.

Risks

1)  Registration and licensing requirements with the government regulatory authority are cumbersome.

2)  There are several established players already in the market.

3)  Special equipment like emulsifiers is needed for the manufacture of the product.

4)  Quality control tests need to be taken to ensure that the finished product is not harmful to skin and hair.

Entrepreneurial qualities

Any person interested in starting this business must have experience in the chemical industry. He/she should do thorough market research to identify the prospective customers and existing competitors. Advertising through word of mouth, television, and newspapers can help in growing the business gradually.

Conclusion

Since there is a growing demand for petroleum jelly in the market, starting its manufacturing business is a good idea. It does not require much capital and can perform well with proper marketing strategies.

Product/service description

The business focuses on the export of leather footwear, garments and other goods to the USA and Germany.

Market Scope/Potential

The export and import business is highly profitable. Since India is one of the largest producers of leather goods, it has been exporting these items to different countries...

Product/service description

The business focuses on the export of leather footwear, garments and other goods to the USA and Germany.

Market Scope/Potential

The export and import business is highly profitable. Since India is one of the largest producers of leather goods, it has been exporting these items to different countries since long. For the USA, China has been the number one exporter of the leather goods from a long time, however, recently the USA has also started preferring India’s goods because of its good quality and cheap prices. Therefore, a business in this field is lucrative and can fetch good...

Product/service description

The business focuses on the export of leather footwear, garments and other goods to the USA and Germany.

Market Scope/Potential

The export and import business is highly profitable. Since India is one of the largest producers of leather goods, it has been exporting these items to different countries since long. For the USA, China has been the number one exporter of the leather goods from a long time, however, recently the USA has also started preferring India’s goods because of its good quality and cheap prices. Therefore, a business in this field is lucrative and can fetch good profits.

Opportunities

1. The investment required can vary depending on the size of the business.
2. The business yields good profits.
3. The introduction of e-commerce has enhanced the scope of the business.

Risks

1. The business should be registered and an IEC (Import Export Code) must be obtained.
2. Sometimes there’s a risk of loss of payment or loss of goods.
3. Good contacts need to be maintained with the manufacturers who will supply the goods for export.
4. Since the goods are being exported outside the country, the exporters need to deal with different language and culture of the country.

Entrepreneurial qualities

Any person wanting to start the export of leather goods must do a complete market research before taking the plunge. Prospective customers and demands must be mapped out carefully. Though the investment required initially is not much, one does need a good capital to expand the business. Good networking will help in obtaining the goods from the manufacturers at a reasonable price.

Conclusion

Export business is an excellent way of making good money. Once the government formalities are fulfilled, a person can start a full-fledged export business. Keeping an eye on the market can help in doing a good business.

Product/Service Description

Establishing a small-scale industry to manufacture laundry detergent and dishwashing liquid that will later be sold to wholesalers and retailers.

Market Scope/Potential

Detergents and dishwashing liquids are one of the highly demanded items in the chemical industry sector. A recent survey states that the demand of these products...

Product/Service Description

Establishing a small-scale industry to manufacture laundry detergent and dishwashing liquid that will later be sold to wholesalers and retailers.

Market Scope/Potential

Detergents and dishwashing liquids are one of the highly demanded items in the chemical industry sector. A recent survey states that the demand of these products will rise even more in the coming decade because of the increase in population. It is comparatively easy to enter into this venture because the manufacturing unit can be established on a small scale. People are not very brand conscious while buying these commodities, so a new brand can easily...

Product/Service Description

Establishing a small-scale industry to manufacture laundry detergent and dishwashing liquid that will later be sold to wholesalers and retailers.

Market Scope/Potential

Detergents and dishwashing liquids are one of the highly demanded items in the chemical industry sector. A recent survey states that the demand of these products will rise even more in the coming decade because of the increase in population. It is comparatively easy to enter into this venture because the manufacturing unit can be established on a small scale. People are not very brand conscious while buying these commodities, so a new brand can easily create its place in the market.

Opportunities

1.  Detergents and dishwashing liquids are in a great demand.

2.  A small-scale manufacturing unit can be established with a less capital.

3.  People are not brand obsessed while buying these commodities.

4. These commodities are non-perishable, so they can be stored easily.

5.  A 1000 sqft. space is enough to open the manufacturing unit.

Risks

1. There’s a huge competition in the market.

2.  The manufacturing unit should be established in an industrial area.

3. Transportation facility is required to carry the finished products from factories to shops.

4. Different kinds of license are required to start a chemical industry.

Entrepreneurial qualities

It would be beneficial if the person entering the business has a previous experience in the chemical industry or is a chemical engineer. Apart from this, the person should also have a smart business plan that can enable him/her to compete with the already established brands in the market. Advertising the product through digital and print media can also help in increasing sales.

Conclusion

Since detergents and dishwashing liquids are in high demand in the market, establishing a small-scale manufacturing unit for this commodity gives an opportunity to do a good business and earn a great profit. However, competitors and marketing strategies must be taken care of.

Product/Service Description

This business deals with the sale and installation of a variety of ceramic tiles and caters to the needs of both individual and bulk orders.

Market Scope/Potential

Ceramic tiles are widely used in houses, hospitals and offices. Their demand has been on a rise recently because of their...

Product/Service Description

This business deals with the sale and installation of a variety of ceramic tiles and caters to the needs of both individual and bulk orders.

Market Scope/Potential

Ceramic tiles are widely used in houses, hospitals and offices. Their demand has been on a rise recently because of their durability and easy maintenance. A showroom that exhibits a variety of tiles and provides installation services can do well in the market if it focuses on the networking and is on a lookout to add creativity to the business.

Opportunities

1.  There is a constant demand for ceramic tiles.

2....

Product/Service Description

This business deals with the sale and installation of a variety of ceramic tiles and caters to the needs of both individual and bulk orders.

Market Scope/Potential

Ceramic tiles are widely used in houses, hospitals and offices. Their demand has been on a rise recently because of their durability and easy maintenance. A showroom that exhibits a variety of tiles and provides installation services can do well in the market if it focuses on the networking and is on a lookout to add creativity to the business.

Opportunities

1.  There is a constant demand for ceramic tiles.

2.  Low capital is required to start the business.

3. There is an opportunity to keep adding new varieties of tiles to the stock. The popularity of the business majorly depends on the quality of the stock and the promptness of the installation service.

Risks

1. Competition is more, so marketing plans should be good.

2. Transportation facilities should be available to transport bulky orders from the showroom.

3. The showroom must be big and attractive to display different designs of tiles artistically.

Entrepreneurial qualities

A person who enters this business must have good networking skills. He/she should maintain a good relationship with contractors and builders who can give bulk orders. New designs of tiles must be introduced continuously in order to remain ahead of the competitors. Transportation and installation services must also be monitored carefully.

Conclusion

Ceramic tiles business has good prospects if the competitors are closely observed, market trends are religiously followed, and the stock is regularly upgraded in terms of quality and designs.

Product/Service description

The business aims at creating beautiful ceramic artwork and selling them at flea markets, art exhibitions, and online.  It also trains people to create ceramic art. The studio also encourages people to visit the place just for fun, relaxation and to enjoy a unique creative experience.

Market Scope/Potential...

Product/Service description

The business aims at creating beautiful ceramic artwork and selling them at flea markets, art exhibitions, and online.  It also trains people to create ceramic art. The studio also encourages people to visit the place just for fun, relaxation and to enjoy a unique creative experience.

Market Scope/Potential

The Ceramic studio business is a unique venture involved in creating and selling ceramic artwork. It is a good option for people who appreciate handicrafts. Moreover, since the business also trains the people, many would love to pursue this art in the form of a hobby. It would be a...

Product/Service description

The business aims at creating beautiful ceramic artwork and selling them at flea markets, art exhibitions, and online.  It also trains people to create ceramic art. The studio also encourages people to visit the place just for fun, relaxation and to enjoy a unique creative experience.

Market Scope/Potential

The Ceramic studio business is a unique venture involved in creating and selling ceramic artwork. It is a good option for people who appreciate handicrafts. Moreover, since the business also trains the people, many would love to pursue this art in the form of a hobby. It would be a good way to relax and take a break from the daily chores. The studio also offers a one-day trip for those who enjoy the art and want to have a hands-on experience at creating ceramic artwork themselves. Since the present generation is always on a lookout for something creative, a ceramic studio will definitely grab their attention.

Opportunities

1.  It is perfect for creative people who want to earn money while following their passion.

2.  It is a new idea, so there’s not much competition yet.

3.  It does not require much investment.

4.  The innovative business will give people a chance to learn something creative.

5.   It will help to revive the long-lost art form of our country.

6.  It can provide employment to potters and artisans.

7.  A visit to this place can be a fun learning experience for kids as well as adults.

Risks

1.  The business should be registered.

2.  The business can yield a good profit only if smart marketing strategies are incorporated.

3.  Skilful potters and artisans are required to make the business a hit.

4.  The studio must be quite spacious to accommodate a good number of people at a time.

5.   The business must take part in art exhibitions and other handicraft events for promotion.

Entrepreneurial qualities

Venturing into this business needs a person to be passionate about art. A training in the field of pottery making will be an added advantage. The person should know how to generate money through art in a creative way. Innovative marketing ideas and networking will help people to know about the business and appreciate it.

Conclusion

The business is all about generating income through art. It is a unique idea and not much popular at present. Proper planning will help the business to grow.

Product/service description

To start an interior design business that aims at designing and decorating homes, offices and shops at a medium budget.

Market/Scope potential

Designing and decorating add to the charm of any interior space. Though all the people love their spaces to be intricately designed, not many of them...

Product/service description

To start an interior design business that aims at designing and decorating homes, offices and shops at a medium budget.

Market/Scope potential

Designing and decorating add to the charm of any interior space. Though all the people love their spaces to be intricately designed, not many of them have the creative bend or required skill to achieve it. An interior design business can help such people to personalize their spaces at a medium budget. A business that offers a good service will eventually build a successful brand in the market.

Opportunities

1.     Interior designing has a good...

Product/service description

To start an interior design business that aims at designing and decorating homes, offices and shops at a medium budget.

Market/Scope potential

Designing and decorating add to the charm of any interior space. Though all the people love their spaces to be intricately designed, not many of them have the creative bend or required skill to achieve it. An interior design business can help such people to personalize their spaces at a medium budget. A business that offers a good service will eventually build a successful brand in the market.

Opportunities

1.     Interior designing has a good demand.

2.     There is a scope of earning a great deal of profit.

3.     Interior designing is an interesting job, as it allows a person to be creative.

4.     Less investment is required to start the business.

5.     Proper marketing strategies can help in the rapid growth of the business.

Risks

1.     Competition is more, so market research must be done very carefully.

2.     The business must be registered and insured.

3.     A professional photographer is a must because the business is all about being visually loud and attractive.

4.     Creative marketing skills are required to secure a unique place in the market.

Entrepreneurial qualities

In order to start an interior design business, a person must have a creative mind. He/she should also know the usage of designing tools. An extra knowledge and training in the designing field will help the person to understand the business better, thus enabling it to grow. Contacts with people dealing with buildings, apartments and offices can help in winning a reasonable number of projects.

Conclusion

Interior design business is for people who are passionate about designing and decoration of interior spaces. Though it is an interesting business, it requires a lot of hard work because the competition is immense. Only a good marketing strategy can help the business to grow.

Product/service description

The business aims at establishing an architecture firm that will focus on the designing of residential and commercial spaces. Additionally, the firm will also supervise the construction of the buildings.

Market Scope/Potential

The real estate market is growing rapidly. There is a huge demand for different kinds of...

Product/service description

The business aims at establishing an architecture firm that will focus on the designing of residential and commercial spaces. Additionally, the firm will also supervise the construction of the buildings.

Market Scope/Potential

The real estate market is growing rapidly. There is a huge demand for different kinds of functional buildings with stunning architecture and unique amenities. An architect will find a good scope to grow in this business if he/she is able to find a niche and deliver quality service at reasonable rates.

Opportunities

1. The investment required is low.

2. A good architecture is in a great...

Product/service description

The business aims at establishing an architecture firm that will focus on the designing of residential and commercial spaces. Additionally, the firm will also supervise the construction of the buildings.

Market Scope/Potential

The real estate market is growing rapidly. There is a huge demand for different kinds of functional buildings with stunning architecture and unique amenities. An architect will find a good scope to grow in this business if he/she is able to find a niche and deliver quality service at reasonable rates.

Opportunities

1. The investment required is low.

2. A good architecture is in a great demand.

3. It is a profitable business.

4. The business gives an ample space to a person to be creative.

Risks

1. A good networking is required to grow the business.

2. A qualified architect can only start this business.

3. Creative marketing strategies are a must to grow the business.

4. The architect needs to be registered with the Council of Architecture.

5. The work involves a lot of hard work, creativity and the ability to supervise each phase of construction.

6. A professional photographer is required to click attractive pictures of the work done.

Entrepreneurial qualities

Any person willing to start an architecture firm must be a qualified architect registered under the Council of Architecture. Though the investment required for the business is not much, an architect needs creativity and a good business plan to survive in the market. Proper networking, attractive business website, stunning photographs and a good reputation can help an architect to win profitable projects. Attending architecture exhibitions, participating in architecture competitions and talking to peers will enhance the knowledge of an architect.

Conclusion

Architecture firms have good business opportunities if the designs are unique and functional, work is satisfactory, and reputation is good. As the business grows, the profit increases rapidly.

Product/Service description

To establish a showroom to sell various kinds of home appliances and a warehouse for storage. The business will also provide home delivery services to customers within 5 km.

Market Scope/Potential

Though the home appliance market is already crowded, there’s a constant rise in the demand of various...

Product/Service description

To establish a showroom to sell various kinds of home appliances and a warehouse for storage. The business will also provide home delivery services to customers within 5 km.

Market Scope/Potential

Though the home appliance market is already crowded, there’s a constant rise in the demand of various products. As the income of the people and the standard of living improves, people want to invest in several luxury items. Therefore, an attractive showroom with high-end home appliances can do a good business.

Opportunities

1.  There is a constant demand for the products.

2.  New varieties of high-end appliances...

Product/Service description

To establish a showroom to sell various kinds of home appliances and a warehouse for storage. The business will also provide home delivery services to customers within 5 km.

Market Scope/Potential

Though the home appliance market is already crowded, there’s a constant rise in the demand of various products. As the income of the people and the standard of living improves, people want to invest in several luxury items. Therefore, an attractive showroom with high-end home appliances can do a good business.

Opportunities

1.  There is a constant demand for the products.

2.  New varieties of high-end appliances with modern features keep entering the market, which means the business has something new to offer every time a customer asks for.

3. The business is profitable.

4. Since rural part of the country is also getting electrified, demands for home appliances is on a rise. Therefore, the business has chances to grow in other parts of the country too.

Risks

1.  A large investment is required.

2.  Competition is more.

3.  The trends keep changing, so one must keep the stock updated.

4.  A license is required to start the business.

Entrepreneurial qualities

A home appliance business does not need the business person to have any special skill, but he/she must have a thorough knowledge of the changing trends in the market. A good amount of capital is also required for smooth business operations. Proficient marketing skills are needed to stay ahead and earn good profit.

Conclusion

A home appliance business needs a good capital, the knowledge of changing market trends and an excellent marketing skill to succeed.