Business Ideas

Product/ service description

A tattoo studio with talented artists to create beautiful tattoos on different parts of the body.

Market Scope/ Potential

Getting inked...

Product/ service description

A tattoo studio with talented artists to create beautiful tattoos on different parts of the body.

Market Scope/ Potential

Getting inked is the latest craze in the beauty industry. Most of the people have started opting for one or more tattoos on their bodies...

Product/ service description

A tattoo studio with talented artists to create beautiful tattoos on different parts of the body.

Market Scope/ Potential

Getting inked is the latest craze in the beauty industry. Most of the people have started opting for one or more tattoos on their bodies. Apart from being a fashion statement, tattoos have also become a way of expression. Therefore, a good tattoo studio business providing decent service to people will definitely be welcomed.

Opportunities

1. There's a high demand for tattoos these days.

2. Investment required is less.

3. There's an infinite scope of being creative and artistic with the work.

4. Training in tattoo art is not very vast or tedious. Any person who is passionate about the art can learn the techniques.

5. As there's a lot of demand for good work, a skilled artist can make good money out of this business.

Risk

1. A license is required to start this business.

2. The tattoo studio should be in a place where the population around is young, as tattoo art is common amongst the younger generation.

3. Proper marketing is required to spread a word about the tattoo studio. Good customer feedbacks will also help a lot.

4. Tattoo artist needs to be very patient, skilled and hardworking, as this work requires a person to sit and stay still for a long period of time.

5. The instruments used should be sterilised well in order to avoid any infection.

Entrepreneurial qualities

Any person who wishes to start a tattoo studio business must be a trained tattoo artist. He/she must also acquire proper license before starting the business. Hard work and patience are the key to success in this field. Not to forget that good location of the studio and effective marketing are important too.

Conclusion

Any person who can buy or rent a space in a good locality can start a tattoo studio. However, before starting the business, proper training in the field of tattoo making and license is necessary.

Product/service description

Sell a variety of plants that can be grown in pots, seeds of vegetables and flowering plants, organic fertilizers, pesticides, gardening soil mix, homemade compost...

Product/service description

Sell a variety of plants that can be grown in pots, seeds of vegetables and flowering plants, organic fertilizers, pesticides, gardening soil mix, homemade compost, decorative pots, gardening tools and accessories. The business will focus on the gardening requirements of apartments...

Product/service description

Sell a variety of plants that can be grown in pots, seeds of vegetables and flowering plants, organic fertilizers, pesticides, gardening soil mix, homemade compost, decorative pots, gardening tools and accessories. The business will focus on the gardening requirements of apartments, offices and other small spaces.

Market Scope/ Potential

These days, as the environment is degrading, growing plants has become a necessity. However, not everyone has a big land to grow trees. People living in apartments and small spaces need plants that can easily be grown in pots and require less effort and maintenance. Therefore, a nursery which specialises in selling plants and other materials mostly suitable for small balconies can flourish easily. Homemade compost is again an elixir for the plants. A nursery that sells genuine homemade compost can make huge profits.

Opportunities

1. The competition is less. Though there are nurseries selling plants and other stuffs, they generally focus on big gardens. Nurseries focusing only on potted plants and small spaces plants are less. Moreover, the supermarkets that sell plants and garden accessories are very costly and not many people can afford them.

2. Not many nurseries sell vegetable seeds that can easily grow in pots. 

3. The investment is less and nursery can be easily started if one has a little backyard space.

4. Initially, the plants can be bought from a whole seller, but later the many of them can be easily propagated at home.

5. Organic compost can easily be made at home by just using kitchen scraps.

Risks

1. Some plants need special care and can die if proper conditions are not given.

2. Watering and fertilizing of plants are necessary and one has to do it diligently.

3. The soil of the pots gets dried up very easily during summer months.

4. There should be a proper place to store decorative pots and garden accessories, otherwise there is a chance of them being spoilt.

5. Plants take time to grow so immediate huge demand of a particular plant cannot be fulfilled.

6. Homemade compost takes about three months to be completely formed, so the production takes time.

7. Seeds can be spoilt by worms if they are not stored properly.

8. Plants can be attacked by pests.

Entrepreneurial qualities

To start a nursery one does not need any specific qualities. Anyone can start a nursery, if he/she owns a land and knows a little about the care of plants, composting, making soil mix and propagating. However, a lot of hard work and discipline is required. A little planning is also required to sort out details like where to buy the wholesale stock from, where to store the surplus products, how to attract the customers and how to aesthetically present the products so that people are encouraged to buy them.

Do's

1. All the plants should be properly watered and fertilized.

2. Store all the seeds, pots and tools in a proper place.

3. Propagation of plants and preparation of compost should be planned well in advance so that the stock is always ready to sell.

Don't

1. Don't buy too many plants at a time. Look at the sale and then decide.

Conclusion

This business is for people who have a little land or backyard space, zeal to work with plants, motivation to remain disciplined and business skills to sell the products.

Product/service description

The business focuses on the import of toys from...

Product/service description

The business focuses on the import of toys from China and selling them to resellers (retailers or online sellers) in our country.

Product/service description

The business focuses on the import of toys from China and selling them to resellers (retailers or online sellers) in our country.

Market Scope/Potential

Now that the government has been supporting the growth of business in our country, one field that has been seeing a boom is the export and import business. With the advent of ecommerce, business has become easier than ever. Therefore, it is not surprising to see that very small entrepreneurs have also entered the field of export and import and are doing a great business. Importing toys from China and selling in our country has become very common. However, the business is still doing well, as the demand is growing continuously.

Opportunities

Initial investment is low.

Business has a huge potential of growth.

Business can yield good profit.

Business can also be started as a part-time job.

Advent of ecommerce has improved the scope of business.

Risks

Business must be registered and an IEC (Import and Export Code) must be obtained.

Sometimes there is a risk of loss of the products or the money due to transportation problems.

Import of the products needs a lot of formalities and paper work.

Customs duties need to be paid while receiving the products.

Entrepreneurial qualities

Any person who wants to establish the business must prepare a proper business plan. He/she should be aware of the formalities required before starting the business. The person should also have good negotiation abilities to obtain the products at a good price. Good networking with resellers in our country will help in selling the imported products with ease.

Conclusion

Import and export business is an excellent opportunity for people who want to earn good profit with less investment. Once the business person becomes accustomed with the entire process, the scope of growth is immense.

Product/service description

This business involves the wholesale distribution of FMCG products like...

Product/service description

This business involves the wholesale distribution of FMCG products like biscuits, oil, soft drinks and bread to retail shops and other general customers.

Product/service description

This business involves the wholesale distribution of FMCG products like biscuits, oil, soft drinks and bread to retail shops and other general customers.

Market Scope/Potential

Fast moving consumer goods are relatively low in price and used for regular consumption. There is a huge demand for such products as they are mostly the basic necessities of people. Any business dealing with the distribution of such commodities will do well if proper marketing is done.

Opportunities

The price of the commodities is low and they are sold rapidly, so they do not remain on the shelves for a long time.

Easy to promote the business as the commodities are common. Special advertisements are not required.

Profit margin is high.

Risks

Competition is more, so it is important to make the business stand out by using creative methods.

These are high volume commodities, so there has to be a proper place to store them.

The investment required is more.

Good networking is required to make the distribution business a success.

Entrepreneurial qualities

This business does not need a person to possess any special skill. There is also no need to invest a large amount of money. A proper place to store the products and a good marketing plan is enough to enjoy a reasonable profit.

Conclusion

The business will do well because FMCG products are daily use commodities. However, since the competition is tough, a good marketing and innovative approach is required to make the business grow.

Product service description

The business focuses on making beads and stones jewellery and selling them...

Product service description

The business focuses on making beads and stones jewellery and selling them at jewellery shop, craft exhibitions, flea markets, to general customers, friends and family, and also...

Product service description

The business focuses on making beads and stones jewellery and selling them at jewellery shop, craft exhibitions, flea markets, to general customers, friends and family, and also online.

Market Scope/Potential

These days, women love to match their jewellery with their dresses. There are different kinds of beads and stone jewellery being made for different occasions. The jewellery available at high-end fashion stores are very expensive. A person who is skilled at making customised jewellery can easily start a profitable business with little investment.

Opportunities

There is a huge demand for beads and stone jewellery.

Little investment is required.

There is a lot scope to add creativity and make various kinds of jewellery.

You also have the option of customising the jewellery as per demand.

There is a scope of growth if the demand increases.

Risks

Competition is more so a lot of advertisement is required to promote the business.

Long hours of dedicated work is required to make the jewellery.

The jewellery should be of a high quality and with a professional finish.

Profit margin is not very huge unless and until one gets a bulk order of jewellery.

Entrepreneurial qualities

Any person who wants to get into the jewellery making business should be skilled in the art of making jewellery. He/she should also be able to put in long hours of dedicated hard work in creating professional looking jewellery.

Conclusion

Jewellery making is a profitable business if a person is skilled in the craft. Setting good prices for the jewellery and effective marketing can help the business to grow.

Product/Service description

Product/Service description

 The business focuses on selling various brands of white and grey cement to retailers and...

Product/Service description

 The business focuses on selling various brands of white and grey cement to retailers and construction sites. The shop also has the provision of the transporting the cement bags to the construction sites.

Market Scope/potential

Cement business has always been a flourishing occupation in India mainly due to the ever-growing nature of the construction in our country. This is the one business that has hardly been affected by recession. Therefore, a dealership in cement is always a good idea to make a handsome profit. However, some marketing strategies need to be taken care of in order to increase the sales and run the business smoothly.

Opportunities

Less investment is required to establish the business.

Profit margin is good.

Cement is in great demand.

Risks

Competition is more, so good contacts with engineers, architects and builders is a must to do a good business.

A minimum area of 500 sqft. is required to open a cement shop.

Storage should be ideal so that it does not degrade the quality of the cement.

The shop should be in an area where the cement bags can be easily loaded or unloaded from a truck.

Labourers are required to load and unload the cement bags.

There should not be another cement dealership business in the vicinity.

The business should be registered.

Entrepreneurial qualities

Anybody dealing in cement business must have an overall idea of the raw materials used for construction of buildings. He/she should also be able to manage the labourers and drivers who would help in the transportation of the cement bags. In this business, developing contacts and relationships with builders and engineers is the best way to get good sale contracts.

Conclusion

Cement business holds a good scope in the market, as it is one of the most important material used in the construction. Establishing this business does not require a lot of money. So, anybody who has efficient managerial skills and is good at maintaining interpersonal relationships can grab this opportunity and make the most of it.

Product/service description

A small-scale business of making fresh jams and jellies from seasonal...

Product/service description

A small-scale business of making fresh jams and jellies from seasonal fruits.

Market...