Business Ideas

Product/service description
A gluten-free subscription box business deals with selling different kinds of gluten-free food to people. Customers will get a variety of food options to choose from and each box will be customised...

Product/service description
A gluten-free subscription box business deals with selling different kinds of gluten-free food to people. Customers will get a variety of food options to choose from and each box will be customised according to their preference. These food boxes will be delivered to the customers' doorstep every week. The...

Product/service description
A gluten-free subscription box business deals with selling different kinds of gluten-free food to people. Customers will get a variety of food options to choose from and each box will be customised according to their preference. These food boxes will be delivered to the customers' doorstep every week. The price of the subscription box will depend on the types of food that the customers have opted. The entrepreneur will source these food items directly from the manufacturers.

Market scope/potential
These days, many people are choosing a gluten-free diet over the normal diet to remain fit and healthy. However, it's not always easy to find gluten-free food in the local food store. This is where a gluten-free subscription box business will help. People can easily subscribe to the service and receive a customized box of their favourite food items right at their doorstep every week.


Opportunities

1. Consuming gluten-free food is becoming a trend these days, so the demand is high.
2. The business yields a good profit.
3. The initial investment is low.
4. This business can be started from home.

Risks

1. The competition is high, so one needs to be creative with the packaging of the box and the offers provided to the customers.
2. The food products must be sourced from reliable manufacturers who can supply the products at a reasonable price.
3. Marketing should be done properly to increase sales. Building a business website will help.
4. A vehicle is required for the delivery of the products.

Entrepreneurial qualities

A person who wants to start a gluten-free food subscription box business must have a good knowledge of the different kinds of gluten-free products available in the market. He/ she must have the initial capital to invest. Knowing about the manufactures will help in sourcing quality products at a reasonable price. An idea of marketing is important to promote the business.

Conclusion

A gluten-free food subscription box business has a good future because many people are now changing their normal diet into a gluten-free one. Sourcing the products from a good manufacturer and marketing them well will help in the growth of the business.

 

Product/service description

This is an innovative business which will provide washing, drying and ironing services to people right at their doorstep. People will just need to give their clothes and wait for a few hours...

Product/service description

This is an innovative business which will provide washing, drying and ironing services to people right at their doorstep. People will just need to give their clothes and wait for a few hours. The business is highly suitable for busy professionals.

Market scope/potential
People these days are...

Product/service description

This is an innovative business which will provide washing, drying and ironing services to people right at their doorstep. People will just need to give their clothes and wait for a few hours. The business is highly suitable for busy professionals.

Market scope/potential
People these days are so busy that even washing and drying the clothes can become a chore. A business that provides a complete solution for cleaning and ironing the clothes at the doorstep can be a boon and help people to save a lot of time and effort.

Opportunities
1. This is a new and innovative business.
2. As the business is still in its growing phase, competition is very less.
3. The investment required to start the business is moderate.
4. If a proper promotion is done, the business will do well.
5. The business does not require the entrepreneur to have any extra qualifications.


Risks
1. Good quality detergents should be used.
2. A new or second-hand vehicle is required to start the business.
3. The vehicle must be customised according to the needs of the business.
4. To make the service efficient and effective, attention must be paid to keep everything organized.


Entrepreneurial qualities
This business does not require a person to have any special skill. However, he/she must have the initial capital to invest in the business. Since this is a new idea, the entrepreneur must make use of extensive promotion to make the business popular. Good social relationships will also help people to know more about the business.

Conclusion
A Mobile Laundry business is a new concept where people are provided with the service right at their doorstep. People will surely love the convenience that comes with the service. So, if promoted well, the business is surely going to be a hit.


 

Product/service description

The hairdresser business deals with providing a complete solution to people’s hair-related needs. The salon will have experts who are well trained and knowledgeable. A few common hair...

Product/service description

The hairdresser business deals with providing a complete solution to people’s hair-related needs. The salon will have experts who are well trained and knowledgeable. A few common hair problems will also be treated here.

Market Scope/Potential

Hair is an important part of our body and we...

Product/service description

The hairdresser business deals with providing a complete solution to people’s hair-related needs. The salon will have experts who are well trained and knowledgeable. A few common hair problems will also be treated here.

Market Scope/Potential

Hair is an important part of our body and we must take care of it. People today go an extra step ahead to maintain their hair and style it in different ways. It has also been seen that stress and pollution have started creating a lot of hair problems that can only be treated and cured by an expert. A hairdresser business that can address such kinds of issues can easily grow in the market.

Opportunities

1. Hairdresser business has a good demand because every person needs some kind of hair-related service.
2.   The business can be started with a moderate investment.
3. The business yields a good profit.
4. The services being provided can be less in number in the beginning and can be gradually increased as the business grows.

Risks

1. The hair salon needs to be in a busy market area.
2. The people providing the services must be well-trained and certified.
3. Care should be taken to use good quality products to prevent any adverse effects.
4. The interiors of the salon must be tastefully designed to attract customers.
5. Proper hygiene should be maintained.

Entrepreneurial qualities

To start a hairdresser business, it is beneficial to undergo prior training in this field to provide quality service to the customers. However, if the entrepreneur does not have any training, he/she is required to hire good staff who can attend to the needs of the customers properly. Apart from this, the entrepreneur must be vigilant about the competition in the market. Good social skills are also required to grow the business.

Conclusion

A business that exclusively concentrates on hair-related needs is not very common. So, if properly managed, this venture is going to yield a good profit and attract a large number of customers.

Product/service description

The business focuses on starting a store of old furniture that will provide services to students who come to study in a college for a short period of time. After using the furniture, the students can...

Product/service description

The business focuses on starting a store of old furniture that will provide services to students who come to study in a college for a short period of time. After using the furniture, the students can return it to the store. This way, the students will be relieved from the tension of buying and selling new...

Product/service description

The business focuses on starting a store of old furniture that will provide services to students who come to study in a college for a short period of time. After using the furniture, the students can return it to the store. This way, the students will be relieved from the tension of buying and selling new furniture.

Market Scope/Potential

It is mostly seen that whenever a student joins a new college, he/she has to buy new furniture for use. This furniture is mostly used for a few years and is then discarded because the student has to move away to some other place. In such circumstances, a shop providing old furniture rental services can help the students by providing furniture to them on a fixed monthly rent and then taking it back once the use is over. This way, both the student as well as the business will be benefitted.

Opportunities

1. This business is still not very popular, so there is a lot of opportunities to grow.

2. The shop can initially be started on a small scale.

3. The old furniture can be bought with one-time investment and can be rented out many times to earn a profit.

Risks

1. The shop must be located in the college area.

2. The size of the shop must be big enough to accommodate different kinds of furniture.

3. The entrepreneur must be on a lookout for an opportunity to buy second-hand and cheap furniture from different places.

4. A moderate amount of initial investment is required to start the business.

Entrepreneurial qualities

Any person who wants to start this business must have the required capital. He/she must also have a good idea of the furniture market. Constant effort should be made to find furniture being sold at a good price so that number of furniture can be bought in lesser investment. The entrepreneur should also be able to manage a team of people who will assist in the business.

Conclusion

Since there is not much competition in the market at present, the old furniture rental business can flourish fast. Though the initial investment required is a little high, the business is likely to yield a good profit.

Product/service description

The business will focus on the manufacture of different types of tissue paper for home and commercial purposes. These tissue papers will be customized as per the need. The packets will then be sold...

Product/service description

The business will focus on the manufacture of different types of tissue paper for home and commercial purposes. These tissue papers will be customized as per the need. The packets will then be sold to wholesalers.

Market Scope/Potential

Tissue papers are being widely used at homes these days. They...

Product/service description

The business will focus on the manufacture of different types of tissue paper for home and commercial purposes. These tissue papers will be customized as per the need. The packets will then be sold to wholesalers.

Market Scope/Potential

Tissue papers are being widely used at homes these days. They come in a variety of shapes, sizes, designs and quality. Commercial tissue papers are mostly used in restaurants, hospitals and salons. As they are very convenient and hygienic to use, their demand is continuously increasing. Looking at the growth in demand, a tissue paper manufacturing business looks like a promising venture.

Opportunities

1. The demand for tissue paper is huge.
2. The business yields a good profit.
3. The raw material is available at a very reasonable price.
4. The process of manufacture is simple.
5. The business can be started on a small scale first by concentrating on the production of just one type of tissue paper.

Risks

1. There is a lot of competition in the market.
2. The amount of investment required is moderate.
3. Good promotion is required to advertise the business and increase sales.
4. The manufacturing unit must be established in an industrial area.

Entrepreneurial qualities

A person who wants to start the business must have the initial capital to invest. He/she must also have good networking abilities to establish business relationships with clients. The person should also be able to manage a team of workers and keeping an eye on the competition.

Conclusion

Starting a tissue paper business is a good idea and can yield a reasonable profit, however, since the competition is more, an excellent business plan is required to succeed.

Product/service description

The business deals with farming of different kinds of seaweeds that will either be sold raw or after drying and processing. The seaweeds will be grown on cages that will especially be made for this...

Product/service description

The business deals with farming of different kinds of seaweeds that will either be sold raw or after drying and processing. The seaweeds will be grown on cages that will especially be made for this purpose. The main growing and harvesting season for most of the seaweeds is from January to July.

Market...

Product/service description

The business deals with farming of different kinds of seaweeds that will either be sold raw or after drying and processing. The seaweeds will be grown on cages that will especially be made for this purpose. The main growing and harvesting season for most of the seaweeds is from January to July.

Market Scope/Potential

In recent years, the demand for seaweeds has increased immensely because they are being used in various ways. Seaweeds are considered a great source of nutrition and are being extensively consumed as food. Apart from this, seaweeds are also being used in the preparation of gels and cosmetics. Looking at the huge demand, one can say that seaweed farming surely has a good future.

Opportunities

1. Seaweeds are in high demand because of their multiple uses.
2. The business can be started at a small scale and can gradually be scaled up.
3. The business does not require a huge investment.
4. Seaweed farming can be started as a part-time business too.

Risks

1. A license must be secured before starting this business.
2. The growth of the seaweeds mainly depends on the environmental factors and weather.
3. The seaweeds need good care for healthy growth.
4. Seaweeds need to be protected from fish and other aquatic animals that feed on them.
5. In order to sell the seaweed in the market, good contacts must be developed with the buyers.
6. The initial profit in this business might be a little less.

Entrepreneurial qualities

To start a seaweed business, the most important criteria is that the person should know about the process of seaweed farming. He/she should also stay near the sea most of the times. Good knowledge of marketing is also required to sell the seaweeds in the market and gain a reasonable profit.

Conclusion

The seaweed farming business is becoming very popular in recent times. It is a good start-up idea for people who love to stay connected to the sea. Since the demand for seaweeds is increasing continuously, the business holds a good future.

Product/service description

The business focuses on starting a small-scale saree printing unit that will focus on printing sarees of different materials using wooden blocks and organic dyes. The designs will also be...

Product/service description

The business focuses on starting a small-scale saree printing unit that will focus on printing sarees of different materials using wooden blocks and organic dyes. The designs will also be customized according to the needs of the customers. These sarees will then be sold to wholesalers.

Market...

Product/service description

The business focuses on starting a small-scale saree printing unit that will focus on printing sarees of different materials using wooden blocks and organic dyes. The designs will also be customized according to the needs of the customers. These sarees will then be sold to wholesalers.

Market Scope/Potential

The saree block printing business is a good opportunity for people who are looking for a small-scale venture that can be started with less investment. As people in India love wearing sarees, their demand is always high. If a person is artistic enough to create unique designs with lovely colour combinations, the business will surely be successful and yield a good profit.

Opportunities

1. The demand for printed sarees is high.
2. The business can be started on a small scale.
3. The initial investment required is less.
4. The printing process is simple to learn.
5. Once the business is successful, it yields a good profit.
6. It gives a scope to experiment with creativity.

Risks

1. If a print is not liked by the customers or is not promoted well, it leads to the loss of the entrepreneurs.
2. There is a need to be creative and unique to stand out in the crowd and make the business successful.
3. There is a lot of competition in the market, so a good business plan and marketing strategy are required.

Entrepreneurial qualities

The first thing that is required to start this business is a passion for creativity. The business can be started with less investment, but the person needs to have social skills to develop relationships with the buyers. He/she should also have a good business plan to deal with competition and make the business a success.

Conclusion

The saree block printing business is a good opportunity for people who love creativity and want to become an entrepreneur with less investment. With passion and persistence, the business will be successful.

Product/service description

The resellers will buy IPTV connections from an IPTV service provider and sell it to customers in a particular area. The price will be charged according to service availed (live television...

Product/service description

The resellers will buy IPTV connections from an IPTV service provider and sell it to customers in a particular area. The price will be charged according to service availed (live television, catch-up tv or video on demand) by the customers. Special discounts will be given to people who pay for long-term...

Product/service description

The resellers will buy IPTV connections from an IPTV service provider and sell it to customers in a particular area. The price will be charged according to service availed (live television, catch-up tv or video on demand) by the customers. Special discounts will be given to people who pay for long-term subscriptions.

Market Scope/Potential

Over the years, television broadcasting has seen a lot of evolution. Earlier, we only had access to broadcast television. With the advent of IoT and 4G network, more consumers have started using satellite television. IPTV is becoming a craze due to its ease to watch programmes anywhere at any time on any device. Since a number of people are going to switch over from satellite TV to IPTV, starting an IPTV resale business is a profitable opportunity that can yield good returns.

Opportunities

1. The business has good future prospects.
2. The entrepreneur does not require any technical skills.
3. The investment required for the business is moderate.
4. It easy to scale up the business once it starts earning a good profit.

Risks

1. The streams must be reliable to attract a good number of customers.
2. The IPTV provider must provide various kinds of channels that cater to wide variety of audience.
3. Unfavourable changes in rules and regulations by the government can hamper the business.

Entrepreneurial qualities

To start an IPTV reselling business, a person does not need any special qualifications. However, a moderate amount of investment is required to buy the connections from IPTV service providers. Apart from this, a good marketing strategy is required to promote the business. Needs of the clients must be kept in mind when providing the service. Special discounts and offers can improve sales. The quality of programmes broadcasted must be good.

Conclusion

IPTV is the future of television broadcasting and it has great prospects if the marketing is done well and the quality of streamed programmes are good.

Product/service description

This business will be started in a small office located in a busy area. The person will collaborate with an insurance company and sell its policies to people.

Market Scope/Potential 

Product/service description

This business will be started in a small office located in a busy area. The person will collaborate with an insurance company and sell its policies to people.

Market Scope/Potential

Insurance has become a necessity because it provides a sense of security to the people who buy the policy. It helps a...

Product/service description

This business will be started in a small office located in a busy area. The person will collaborate with an insurance company and sell its policies to people.

Market Scope/Potential

Insurance has become a necessity because it provides a sense of security to the people who buy the policy. It helps a common man to get through difficult situations easily. Insurance business is a fantastic opportunity to make money while doing good for people. Since more and more people are being allured towards buying different kinds of insurance policies, an insurance agent has a good growth prospect.

Opportunities

1. The business can be started either part time or full time.
2. The business grows fast if the agent uses proper business strategies.
3. As the business grows, it yields a good profit.
4. The business can be started with very less investment.
5. Anyone who has completed education till grade 12 and is above 18 years can start this business.

Risks

1. The business requires a great deal of hard work in the initial stages.
2. The insurance agent needs to be registered under the Insurance Regulatory and Development Authority (IRDA).
3. Before becoming an insurance agent, the person needs to get trained under the training programme of an insurance company.
4. The initial return from the business might be a little less.

Entrepreneurial qualities

Anyone who wants to become an insurance agent must be registered under IRDA and should also receive training from the insurance company with which he/she is collaborating. Apart from this, the person should be very good at convincing people and winning their trust. Establishing a good relationship can help in getting a number of clients in the long run.

Conclusion

Becoming an insurance agent is a good way to start earning money without much investment. However, it does need the person to be knowledgeable, trustworthy and reliable.

How does the business work?

1. Rent a small space in a busy area.
2. Get registered under IRDA and undergo the training.
3. Promote the business to attract clients.
4. Start selling the policies. Try to break even within 1.5 to 2 years.

Summary

What are the steps to becoming an insurance agent?

Anybody who has completed an education till grade 12 and is of 18 years can become an insurance agent easily. However, before becoming an insurance agent you need to be registered under IRDA. You can choose to sell the policies of government, semi-government or private insurance firms. After you select and apply to the insurance firms, you get trained for a particular period of time. You will then need to clear an examination to be eligible to sell insurance policies. You can either start the business part time or full time. The business can be started from home or from a small office in a busy area. Take care to maintain a good relationship with your clients. As you gain trust, your business will keep growing.

Market Scope/Potential

According to research, it has been found out that children’s books sell better than adults’ books. The target customers for children’s books are the parents...

Market Scope/Potential

According to research, it has been found out that children’s books sell better than adults’ books. The target customers for children’s books are the parents, schools, and libraries. If the buyers find the books engaging and attractive, the publishing company will do good...

Market Scope/Potential

According to research, it has been found out that children’s books sell better than adults’ books. The target customers for children’s books are the parents, schools, and libraries. If the buyers find the books engaging and attractive, the publishing company will do good business.

Product/service description

The business will focus on starting a publishing company that will deal with children’s books. It will take care of writing, editing and illustrating the books. The printing services will be outsourced to a printing company.

Opportunities

1. Children’s books have great demand.
2. If the quality of the books is good, the profit will be high.
3. The publishing company will find many interested new writers who would want to get their unique ideas published.
4. Schools and libraries buy children’s books in bulk.

Risks

1. There are a lot of formalities to be completed before starting the business.
2. The editors and illustrators must be skilled enough to create engaging content.
3. An effective marketing strategy is required to promote the business.

Entrepreneurial qualities

Any person who wants to start a publishing company must have a good knowledge of books. The person should be able to build a team of skilled people who can create the best content for readers. He/she should also be aware of the different marketing strategies that will help in promoting the business well.

Conclusion

Starting a children’s book publishing business is a good idea for people who are interested in books and are creative enough to carve unique content for the readers. If the quality of the books is good, the business will be successful.

Market Scope:

• The global 3D animation market size was valued at USD 11.46 billion in 2016
• Tollywood, Bollywood, Cartoon TV channels, Animated Movies, Game developers are clients of...
   

Market Scope:

• The global 3D animation market size was valued at USD 11.46 billion in 2016
• Tollywood, Bollywood, Cartoon TV channels, Animated Movies, Game developers are clients of Animation studios
• Augmented reality/Virtual reality technologies will boost the Animation Industry  See More

Market Scope:

• The global 3D animation market size was valued at USD 11.46 billion in 2016
• Tollywood, Bollywood, Cartoon TV channels, Animated Movies, Game developers are clients of Animation studios
• Augmented reality/Virtual reality technologies will boost the Animation Industry

Description: To set up the Animation studios to provide animation and visual effects which includes 3Dmodelling, Motion graphics, 3Drendering, and VFX (visual effects)

Opportunities:

• Huge Demand
• Less Investment
• Good Profits

Risks:

• Huge competition
• As it is creative work, sometimes it is difficult to reach deadlines

Dos:

• Check existing animation studios’ weakness
• Can start as freelancing
• Can start at home with a group of passionate people

Don’ts:

• Crack software
• Hire unskilled

Entrepreneurial Qualities:

• Creativity
• An eye to detail
• Understanding clients’ need and the emotion in the character
• Updating with the latest technologies and software

Conclusion: If you have immense passion, good networking and great marketing strategies you can make the small animation studio into a big company. Creativity and understanding clients’ need is the key.

By this application teacher or expert with student both of them can learn and earn

Teacher or expert earn by answering the question ask by students.

Student can earn by weekly test or daily spending time on application...

By this application teacher or expert with student both of them can learn and earn

Teacher or expert earn by answering the question ask by students.

Student can earn by weekly test or daily spending time on application by learning and solving questions

By this application teacher or expert with student both of them can learn and earn

Teacher or expert earn by answering the question ask by students.

Student can earn by weekly test or daily spending time on application by learning and solving questions

Market Potential:

• The need for news channels with true journalism values is very high, be it regional, national or international
• people are fed up within news channels which don’t have...
   

Market Potential:

• The need for news channels with true journalism values is very high, be it regional, national or international
• people are fed up within news channels which don’t have journalism values

Description: to start a YouTube news channel to telecast news...

Market Potential:

• The need for news channels with true journalism values is very high, be it regional, national or international
• people are fed up within news channels which don’t have journalism values

Description: to start a YouTube news channel to telecast news without supporting any political party, community, religion and following journalism values.

Opportunities:

• Need for a news channel with true journalism values
• Growth in the number of internet users and YouTube viewers

Risks:

• Competition
• Journalists with values
• Very fewer Profits

Dos:

• Show truth as truth, news as news
• Study and understand where existing news channels are going wrong
• Understand how NEWS channels work
• Can start as a part-time and then go for full time
• Ask journalists and reporters to work free till a few months

Don’ts:

• Become like today’s news channels
• Support one political party or community
• Add your creativity to news

Entrepreneurial Qualities:

• Guts to show the truth as truth
• Guts to face the bad
• Moral values

Conclusion:

In today’s world journalism lost its values. To run a news channel with true journalist values is not a simple thing. You must have self-control as not go with bribes, and guts to face the bad.

Market scope:

• For 2018-20, the federal government set aside a US$262 million (Rs 1,756 crore) budget for its ‘Khelo India’ (Play India) program
• Global Sports apparel, equipment, and...
   

Market scope:

• For 2018-20, the federal government set aside a US$262 million (Rs 1,756 crore) budget for its ‘Khelo India’ (Play India) program
• Global Sports apparel, equipment, and footwear have a worth of US$ 310 billion

Service Description: The focus on sports has...

Market scope:

• For 2018-20, the federal government set aside a US$262 million (Rs 1,756 crore) budget for its ‘Khelo India’ (Play India) program
• Global Sports apparel, equipment, and footwear have a worth of US$ 310 billion

Service Description: The focus on sports has increased. Schools and parents are understanding the need to play sports to make children more active and fit. Even the government is very keen on this. Central government launched ‘Khelo India’ program to spread awareness. With the availability of digital media, one can watch any sport they want. Children are proudly saying that they want to become sportsmen and will bring gold medals to the country, this cannot be possible with the availability of sports equipment and fitness accessories. Fitness plays a vital role in sports. Sports accessories and fitness equipment are available online in a few stores, but there is no one store which is completely dedicated to sports. So, an online store for sports and fitness equipment will be a great success.

Opportunities:

• Good demand
• Good profits
• No barriers to entering the market

Risks:

• Competition
• Products’ quality
• Entrepreneurial Qualities:
• Interest in sports
• Understanding the needs of sportsmen
• A little idea various sports and their requirement

Dos

• Focus on the rural area
• Study other providers’ weakness
• Can make dealings directly with schools, colleges, and coaching centers

Don’ts

• Invest heavily
• Buy and sell products of low quality

Conclusion: As there is no single online store completely dedicated to sports, this will be one stop for all the sports’ requirements. Make sure you will be the brand for this type of service using the right marketing and advertising tools.

Market Potential:

• With the rise in 4G services here is great demand for YouTube videos and so to the promotional services.
• 300 hours of video are uploaded to YouTube every minute! 

Market Potential:

• With the rise in 4G services here is great demand for YouTube videos and so to the promotional services.
• 300 hours of video are uploaded to YouTube every minute!
• Almost 5 billion videos are watched on YouTube every single day.
• People are earning millions on it.  See More

Market Potential:

• With the rise in 4G services here is great demand for YouTube videos and so to the promotional services.
• 300 hours of video are uploaded to YouTube every minute!
• Almost 5 billion videos are watched on YouTube every single day.
• People are earning millions on it.

Service Description:  To provide promotional and advertising services to short films, Cooking videos, makeup videos, dress cutting videos, etc on YouTube and digital media.

Opportunities:

• Huge demand
• Demand will increase

Risks:

• It takes a huge time to get more profits
• Huge competition

Do’s

• Learn the rules of YouTube promotion and digital marketing
• Learn to break the rules
• Understand clients’ requirements and the target viewers

Don’ts

• Invest too much
• Hire unskilled
• Select every video

Entrepreneurial Skills:

• Creativity
• Out of the box thinking

• Digital marketing Skills
• Spontaneity
• Must be updated with advertising & promotional tools

Approximate Investment: 30 to 40 thousand

Approximate Returns: 10 to 15 thousand per month (based on the number of clients)

Approximate Breakeven: 5 to 6 months (based on the number of clients)

Conclusion: Whatever the promotion and marketing you do, creativity and freshness in videos is the most important one. Demand will rise. The competition has already there but with creativity, advertising and marketing ideas you will be the winner in this industry.

Market Scope/Potential: According to ResearchAndMarket report India pet care industry advanced with a value CAGR of 23% during 2012-17. According to the analysis by ‘Type’ this market will grow with a CAGR of...

Market Scope/Potential: According to ResearchAndMarket report India pet care industry advanced with a value CAGR of 23% during 2012-17. According to the analysis by ‘Type’ this market will grow with a CAGR of over 17% during 2016 – 2021. 

Service Description: Having a pet animal is a very common...

Market Scope/Potential: According to ResearchAndMarket report India pet care industry advanced with a value CAGR of 23% during 2012-17. According to the analysis by ‘Type’ this market will grow with a CAGR of over 17% during 2016 – 2021. 

Service Description: Having a pet animal is a very common thing but with the change in lifestyle and rise in income; the care towards the pet animals has gone to another level. Pet lovers want their pets to live a luxurious life and thus demanding wide range of services like Food, Healthcare, Grooming, Travel (it is difficult to travel with pets, so a service to move pets is a much needed one), Shelter (when people in home went for vacation, who will take care of pets?), Accessories, Toys, Training, Events, etc. There are a few pet Healthcare, Accessories shop, and Shelter center but no one is offering all type of pet care services at one place. If there is one stop shop for all the pet care and services then pet lovers won’t go anywhere.

Opportunities:

• A new type of service
• Less or no Competition
• Huge Profits

Risks:

• Takes time to get into the market
• Huge investments

Entrepreneurial Qualities

• Marketing & Advertising techniques
• Can handle huge investments
• Patience

Dos

•    The location should be within the reach of the high-income group

•    Attract and retain customers

•    A bonding with Pets

•    Necessary safety precautions

Don’ts

•    Should not hurt pets

Conclusion: The need for pet care and other pet services are growing in India and it is the right time to get into the market.

Market Potential:

• According to a report from PricewaterhouseCoopers (PwC), while revenue from digital media will continue to exhibit stronger growth, non-digital media will still contribute...
   

Market Potential:

• According to a report from PricewaterhouseCoopers (PwC), while revenue from digital media will continue to exhibit stronger growth, non-digital media will still contribute well over 80% of global consumer revenues in 2019.
• Total global advertising revenues will rise at a CAGR of 4.7...
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Market Potential:

• According to a report from PricewaterhouseCoopers (PwC), while revenue from digital media will continue to exhibit stronger growth, non-digital media will still contribute well over 80% of global consumer revenues in 2019.
• Total global advertising revenues will rise at a CAGR of 4.7% to 2019. Non-digital will still contribute over 60% of global ad spend in 2019.
• Big companies and MNCs are the clients

Description: To set up outdoor advertising services to offer outdoor print services like posters on walls, benches, buses, hoarding, billboards, etc to give fundamental of advertising to companies. To provide complete advertising services; from ‘Idea’ to ‘Print’ to ‘Hoardings’.

Opportunities:

• Huge Profits
• Less investment
• Most of the people are not focusing on this industry

Risks:

• A little difficult to enter into the market
• It is very challenging

Dos:

• Understand client requirement
• Plan within budget
• Careful on fonts, Styles, colors, and taglines
• Must hire knowledgeable & highly skilled professionals

Don’ts:

• Invest too much

Entrepreneurial Qualities:

• Must be creative,
• Must have knowledge of media and how advertising works
• Ready to do experiments and risks
• An understanding of how to attract the masses

Conclusion: Outdoor advertising is very challenging; you must be on foot all the time. To get into this business you must be mentally very strong and ready to accept failure. You can be a winner or loser and it all depends on simple decisions to you take. Creativity and Networking is the soul of this industry. The revenue is increasing every year. A team of highly skilled professionals is the secret to the success of this business.

Market potential:

• According to AlliedMarketResearch, global transformer oil market sales to reach $3.4 billion by 2020
• In 2014, the consumption of transformer oils was 1,437.8 million...
   

Market potential:

• According to AlliedMarketResearch, global transformer oil market sales to reach $3.4 billion by 2020
• In 2014, the consumption of transformer oils was 1,437.8 million liters across the globe, which is expected to increase at 6.3% from 2015 to 202
• Urbanization, demand for...
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Market potential:

• According to AlliedMarketResearch, global transformer oil market sales to reach $3.4 billion by 2020
• In 2014, the consumption of transformer oils was 1,437.8 million liters across the globe, which is expected to increase at 6.3% from 2015 to 202
• Urbanization, demand for electricity, the need for continuous service of transformers are the factors influencing the growth of this industry

Product Description: To set up a small industry to manufacture mineral insulating oil which is used in oil-filled power transformers, some types of high voltage switches, circuit breakers, and capacitors. It is refined oil and is obtained by fractional distillation and subsequent treatment of crude oil. Power manufacturers and distribution companies are

Opportunities:

• Good Demand and it will increase
• Less competition
• No need for huge machinery
• Once a client will be a client forever

Risks

• Continuous fluctuation in Crude Oil
• The entry barrier is high

Dos

• Careful while purchasing machinery and crude oil
• Must follow safety precautions
• The final product must have few technical parameters

Don’ts

Hire unskilled operators and engineers

Entrepreneurial Qualities:

Choosing the right crude oil and machinery

Selecting talented engineers and workers

Knowledge of understanding the crude oil market

Conclusion: Decide which type of Transformer oil to be manufactured and do research on machinery and crude oil. Purchase machinery and start your business.

Market Potential: According to AlliedMarketResearch Modular Switch Market is expected to garner $1,595.0 million by 2022, registering a CAGR of 22% during the forecast period 2016-2022. 

Market Potential: According to AlliedMarketResearch Modular Switch Market is expected to garner $1,595.0 million by 2022, registering a CAGR of 22% during the forecast period 2016-2022.

Product description: Manufacturing of electrical switches and sockets has good demand in this world of...

Market Potential: According to AlliedMarketResearch Modular Switch Market is expected to garner $1,595.0 million by 2022, registering a CAGR of 22% during the forecast period 2016-2022.

Product description: Manufacturing of electrical switches and sockets has good demand in this world of urbanization and industrialization. Various types of Switches and Sockets are available and can be customized as per the requirement. 

Opportunities:

Good demand

No need for huge machinery and space

Risks:

Competition

Dos

• Must use high-grade quality raw material
• Buy the machinery that is needed and which your budget
• Follow safety precautions
• Products must go through a quality check

Don’ts

• Invest heavily in raw material
• Hire Unskilled operators

Entrepreneurial Skills:

• Choosing the right methods and machinery
• Selecting the right workers
• Calculating the demand

Conclusion: Do research on the type of switches and sockets to know which has more demand and then buy the right machinery to manufacture those switches and sockets.

Market scope:

• According to ResearchAndMarket.com, The Global Fitness Trackers Market size was valued at $17,907 million in 2016 and is expected to reach $62,128 million by 2023...
   

Market scope:

• According to ResearchAndMarket.com, The Global Fitness Trackers Market size was valued at $17,907 million in 2016 and is expected to reach $62,128 million by 2023, registering a CAGR of 19.6% during the forecast period.
• Few vehicles are deploying health trackers to...
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Market scope:

• According to ResearchAndMarket.com, The Global Fitness Trackers Market size was valued at $17,907 million in 2016 and is expected to reach $62,128 million by 2023, registering a CAGR of 19.6% during the forecast period.
• Few vehicles are deploying health trackers to understand the real-time health condition of driving. It is now in experiment mode, in future they will become a must in vehicles and thus will have a high demand
• In the future, health tracking devices may become default features of Smartphones

Description: Manufacturing of Health tracking devices and fitness trackers which tracks heart-rate, blood pressure, respiration rate, temperature, glucose rate, oxygen rate, etc. These are highly useful for patients suffering from BP, Diabetes, Thyroid, and other diseases. Health trackers/wearable fitness trackers market is categorized into wrist-wear, smart garments & body sensors, legwear and others. They have a wide range of sensors to track fitness and health levels.

Opportunities:

• Good Demand
• Great Profits

Risks:

• Competition
• Investment

Dos:

• Study and understand how Fitness tracking devices work
• Understand the market
• Can manufacture various sensors of fitness devices and sell those sensors
• Research where other fields trackers various can be used

Don’t:

• Invest too much
• Hire unskilled

Entrepreneurial skills:

• Exploring the market
• Knowledge of Sensors and other components required for Fitness tracking devices

Conclusion: You can make it either as B2B or enter the retail market. It is very new in this country. The demand will grow in the coming future. A good team of manufacturing and marketing is the key to become successful.

Market Potential:

• According to the new market research report “GPS Tracking Device Market is worth 2.89 Billion USD by 2023, at a CAGR of 12.91?tween 2017 and 2023.”
• “Commercial...
   

Market Potential:

• According to the new market research report “GPS Tracking Device Market is worth 2.89 Billion USD by 2023, at a CAGR of 12.91?tween 2017 and 2023.”
• “Commercial vehicle deployment type is expected to hold the largest market share in 2023”
• Most of the businesses will get...
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Market Potential:

• According to the new market research report “GPS Tracking Device Market is worth 2.89 Billion USD by 2023, at a CAGR of 12.91?tween 2017 and 2023.”
• “Commercial vehicle deployment type is expected to hold the largest market share in 2023”
• Most of the businesses will get benefit from this service

Description: To manufacture Global positioning tracking systems. GPS systems are used in Travel buses, trains, Goods carriers, and other application to know the location. GPS system plays a key role in Autonomous/driverless cars.

Opportunities:

• Great demand
• High profits        
• Commercial vehicles (cars, cargo vehicles) are the biggest market

Risks:

• Competition
• Entrepreneurial Qualities:
• Creativity
• Exploring new markets

Dos:

• Study and understand another GPS providers’ weakness
• Research where other areas trackers can be used and use it as a marketing tool
• Can manufacture GPS chip or complete device

Don’ts:

• Invest too much
• Hire unskilled

Conclusion: As it is a B2B, there is a need for good network and great marketing techniques to get orders. The demand will rise in the coming future and so it is the right time to enter the market to capture that demand. An experienced team is must to become successful.

Market Scope:

• In the year 2017, the value of the global gaming industry is of $108.9 billion.
• India ranked 17th with a valuation of $818 million and with a CAGR of 11.14%
 

Market Scope:

• In the year 2017, the value of the global gaming industry is of $108.9 billion.
• India ranked 17th with a valuation of $818 million and with a CAGR of 11.14%

Description: To set up high-tech gaming in a metropolitan city to provide an experience of realistic using...

Market Scope:

• In the year 2017, the value of the global gaming industry is of $108.9 billion.
• India ranked 17th with a valuation of $818 million and with a CAGR of 11.14%

Description: To set up high-tech gaming in a metropolitan city to provide an experience of realistic using new tech-gadgets and software to gamers, students, children, and youth. Gaming cafes these days are loaded with new technologies like AI and VR and innovative gadgets.

Opportunities:

• Good Demand
• Less competition
• Less Manpower

Risks:

• Huge investment
• Place of café

Dos:

• Must update with technology and latest gadgets
• Can start as a low budget gaming café with VR headsets (If your location is surrounded by lower income group people)
• Must go for high-end gaming stations and gadgets (If you want to set up in shopping malls or target higher income group)

Don’t:

• Investment too much
• Buy every gadget or game

Entrepreneurial Qualities:

• Updating with technology
• Judgment to attract masses
• A little knowledge of gaming hardware, Software, gadgets, etc.

Conclusion: The place where you want to set up will decide whether you can go with high-end gaming café or low budget station. If you want to earn good profits you must go for high-end gaming stations.

Market scope:

• The increasing number of News channels creating the demand for freelance reporters
• News channel market is worth INR 500 crores in the year 2017
 

Market scope:

• The increasing number of News channels creating the demand for freelance reporters
• News channel market is worth INR 500 crores in the year 2017

Description: Freelance reporters collect information, latest happenings, news, new stories, covering events...

Market scope:

• The increasing number of News channels creating the demand for freelance reporters
• News channel market is worth INR 500 crores in the year 2017

Description: Freelance reporters collect information, latest happenings, news, new stories, covering events, sports and movie news, and other information on the as-needed basis. The whole idea is to act as a bridge between media channels and free reporters. It is like a 3rd party services. The company works for various newspapers and media channels, and freelancers work for the company.

Opportunities:

• Good demand
• Less competition

Risks:

• Payment is not consistent
• Sometimes the entrepreneur must do the work
• The availability of freelance reporters

Dos:

• Good networking
• Very disciplined and available all the time
• Multi-tasking

Entrepreneurial qualities:

• Writing skills, critical thinking
• Knowledge of video cameras, microphones, etc.
• Knowledge of current political, economic scenario and current affairs
• Degree in English, Journalism, or Communication is preferred
• Networking skills to get the work
• patience

Conclusion: Having a good network with media channels and newspapers is the soul of this business. Prior experience of reporting and editing will add. Will become profitable in the long run.  

Market Scope: With the rise in individual income and the desire to make weddings and birthday parties in grandeur way are the drivers of this business. Especially, when it comes to marriages people don’t mind in...

Market Scope: With the rise in individual income and the desire to make weddings and birthday parties in grandeur way are the drivers of this business. Especially, when it comes to marriages people don’t mind in spending a huge amount of money in decorating function halls and cars to get the richness and royal feel. Good demand both...

Market Scope: With the rise in individual income and the desire to make weddings and birthday parties in grandeur way are the drivers of this business. Especially, when it comes to marriages people don’t mind in spending a huge amount of money in decorating function halls and cars to get the richness and royal feel. Good demand both in rural, urban area and metropolitan. 

Service Description:  To provide decorating services using fresh & imported flowers and colorful balloons to make function halls, wedding halls look live. At the same time, one can sell flowers and balloons to retailers and wholesalers.

Opportunities:

• Good demand
• Moderate competition
• Less budget
• No need for huge machinery and space

Risks:

• Should work with respect to tastes of clients
• Availability of flowers

Dos

• Flowers must be fresh
• Should keep a stock of flowers and balloons
• Can do this business online
• Can do as Part-time as it is a seasonal business

Don’ts

• Buy stale flowers and low-quality balloons
• Hire unprofessional workers

Entrepreneurial Qualities:

• Creativity
• Understand the requirements of the client
• Discipline to provide the right service @ the right time

Approximate Investment: Up to 1 lakh

Approximate Returns: 20 to 25 thousand based on the number of clients

Approximate breakeven time: 6 to 8 months

Conclusion: Anyone who has an interest in decoration services can start this business as a full time or part-time. Knowledge of a variety of flowers and their availability, color combination, creativity and understanding customers’ need is a must. Above all, doing within the budget is very important.

Market Scope:

• According to IBM Digital Experience survey, 2015, 56% of marketers believe that customized content leads to higher engagement rates and increases brand recall
• 73% of...
   

Market Scope:

• According to IBM Digital Experience survey, 2015, 56% of marketers believe that customized content leads to higher engagement rates and increases brand recall
• 73% of organizations hire content strategist to manage their content

Description: To provide...

Market Scope:

• According to IBM Digital Experience survey, 2015, 56% of marketers believe that customized content leads to higher engagement rates and increases brand recall
• 73% of organizations hire content strategist to manage their content

Description: To provide content writing services to digital marketing agencies, companies and startups, which include writing articles, blogs, eBooks, taglines, descriptions, scripts, etc. to make a product/service reach more

Opportunities:

• Good Demand
• Demand will rise
• Easy to start

Risks:

• To have a clear difference between creative writing and content writing
• Not having writing

Dos

• Study and understand the various types of writing styles
• Can start as a freelancer
• Understand client need
• Write for the product/services

Don’ts

• Give plagiarized content

Entrepreneurial qualities:

• Writing and language skills
• Networking skills
• Eye to detail

Conclusion: If you are confident that you have good writing and English grammar then you can give a try. It requires a great amount of effort to become a professional content writer. An understanding target audience is a key to success.

Market Scope/Potential: Rapid urbanization, increase in working women population and nuclear families are paving a way for this market. Analyst forecasts that Indian preschool or Childcare market to grow at...

Market Scope/Potential: Rapid urbanization, increase in working women population and nuclear families are paving a way for this market. Analyst forecasts that Indian preschool or Childcare market to grow at CAGR of 21.84% during a period of 2016-2020.

Service Description: To provide utmost care to...

Market Scope/Potential: Rapid urbanization, increase in working women population and nuclear families are paving a way for this market. Analyst forecasts that Indian preschool or Childcare market to grow at CAGR of 21.84% during a period of 2016-2020.

Service Description: To provide utmost care to children of age between 0 to 6 years. Baby/Child Care Centre will have a great potential if coupled with Pre-School, where the syllabus of Lower Kinder Garden, Upper Kinder Garden, etc. will be given to students in the form of activities and playing. It is more about the fun-filled with learning. It is all about giving individual attention to children to learn to grow physically and mentally.

Opportunities

• Less competition or no competition
• Huge gap in the market
• No need for huge Human & Material resources

Risks

• Child Health
• Needs a great amount of time to get profits

Entrepreneurial Qualities

• Patience
• Love towards children
• Ease to understand children
• To give enough confidence to parents that their children will be in safe hands

Dos

• A large area filled with necessary requirements
• Necessary safety precautions
• Must take care of electricity switches & boards
• Playing equipment must be toxic free

Don’ts

Should not hurt children

Conclusion

There is a huge potential and one can grab it with the right marketing ideas and the right people

Market Potential:

• Airbus predicts the Middle East fleet will triple in size by 2028, while Boeing forecasts regional airlines’ requirement of 2,340 aircraft by 2029. By 2020, Emirates...
   

Market Potential:

• Airbus predicts the Middle East fleet will triple in size by 2028, while Boeing forecasts regional airlines’ requirement of 2,340 aircraft by 2029. By 2020, Emirates, Qatar Airways, and Etihad will have the capacity to carry nearly 200 million passengers: four times their current...
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Market Potential:

• Airbus predicts the Middle East fleet will triple in size by 2028, while Boeing forecasts regional airlines’ requirement of 2,340 aircraft by 2029. By 2020, Emirates, Qatar Airways, and Etihad will have the capacity to carry nearly 200 million passengers: four times their current capacity. (Source: cleanmiddleeast)
• The significant growth in the number of air travelers is propelling airlines to expand their fleets by adding more number of aircraft.
• Washing and Cleaning service of aircraft also represent the brand of airlines

Description: To provide interior and exterior cleaning and washing of aircraft. Interior includes cleaning of seats, cables, tables, windows etc. and straightening of passengers’ seats. 

Opportunities:

• Good demand
• Less exposure
• Less investment

Risks:

• Need more manpower
• High entry barrier

Dos:

• Research on various methods, tools and aircraft washing service companies
• Must use OEM approved Tools, techniques and detergents
• Can offer only interior or exterior washing service (based on budget & manpower)

Don’ts

• Hire unskilled
• Invest huge

Entrepreneurial Qualities:

• Networking skills
• To be up to date with new tools and washing methods

Conclusion: If you can hire a few people and can train them to use various tools, techniques of Aircraft washing, you can start this business but, Networking is the key to get clients.

Market Potential:

• Experts say that women passengers feel safer and more comfortable with women drivers compared to male drivers. Many women are looking for this kind of services and there is a great...
   

Market Potential:

• Experts say that women passengers feel safer and more comfortable with women drivers compared to male drivers. Many women are looking for this kind of services and there is a great demand in metropolitan cities.
• Growth in working women employees

Opportunities...