How to Start a Business with No Money

By understanding key principles and leveraging available resources wisely, you can embark on your entrepreneurial journey without a hefty initial investment. This guide will provide actionable tips and insights to help you navigate the challenges of starting a business with little to no capital. Whether you want to launch a venture or a side hustle, these tips will guide you through the initial process.

1. Don’t Quit Your Job Right Away

Opting to initiate a business can be tempting to the point of wanting to promptly resign from your 9 to 5 job and fully immerse yourself in your venture. Nevertheless, this approach carries inherent risks, especially if you have limited to no funds available. By retaining your current job and dedicating your focus to your business during evenings, weekends, or any available time outside of your regular work hours, you can avoid relying solely on savings or credit cards.

This approach ensures a consistent income, providing greater financial flexibility. As your business gains momentum and you become confident in your ability to generate sufficient income to cover both business expenses and personal living costs, you can then consider reducing your hours at your job or making the decision to resign altogether.

2. Perform Market Research

Comprehensive market research is essential for gauging your business idea’s real-world potential. Analyze the industry aligned with your concept to grasp the overall market landscape and potential performance. Identify competitors to assess if your approach is more innovative, efficient, and cost-effective. Scrutinizing the competition reveals gaps in existing business models and helps establish a unique selling proposition.

Furthermore, delve into your prospective customer base, understanding demographics, occupations, education levels, and locations. Investigate current buying patterns and willingness to pay for enhanced products or services. Utilize online reviews and social media polls to gather insights, connecting directly with potential customers for nuanced understanding of unmet needs. This gathered information enhances comprehension of target customers’ purchasing habits and preferences, aiding in refining your business strategy.

3. Write a Business Plan

A business plan serves as a strategic guide outlining the trajectory of your business growth. A well-crafted business plan not only allows you to foresee and prepare for potential obstacles but also acts as a tool to attract employees, investors, and secure financing. While developing your business plan, highlight the distinctive aspects of your offerings. Additionally, steer clear of industry-specific language and incorporate visual elements to enhance readability and appeal. A comprehensive business plan comprises essential components:

• Company Overview: Begin by presenting a detailed description of your upcoming business, incorporating crucial details such as your business model and legal structure (e.g., S-corp or LLC).
• Market Research: Summarize the key findings from your market research, emphasizing how your products or services will address the needs of your target audience and distinguishing your offerings from those of competitors.
• Marketing Strategy: Articulate your approach to promoting the business and reaching new customers. This may encompass various strategies such as email marketing, social media engagement, or event marketing, tailored to the unique nature of your business.
• Financial Plan: Outline your financial strategies, focusing on how you intend to generate and allocate funds. Include essential financial documents such as cash flow projections and balance sheets to provide a comprehensive view of your financial outlook.

Also Read: 51 Best Side Business Ideas in India for Extra Earnings

4. Wear Many Hats

When launching your business, you might consider being a Jack of All Trades initially, handling diverse challenges and responsibilities independently. For example, if your business concept involves virtual assistance, you’ll be responsible for tasks such as marketing your services, executing the work, crafting client contracts, generating invoices, and managing payment collection. It’s important to recognize that you may not excel in every aspect initially, but taking on these roles yourself can offer valuable learning experiences and substantial cost savings at the outset. Bringing in assistance too early poses risks, particularly when working with limited initial capital.

5. Run a Trial

Testing a business idea with minimal cost is crucial, and a Minimum Viable Product (MVP) serves this purpose. By launching a product with core features, you can assess its market viability through early customer feedback. Conducting a crowdfunding campaign allows you to gauge interest and potential investment. Even without funding, valuable insights can guide improvements.

Leverage social media by sharing posts, pages, or videos about your product/service to measure audience engagement through preorders, comments, views, shares, or reactions. Establishing a website with basic metrics such as session duration and traffic sources provides additional data. Alternatively, offer free services locally, gathering honest reviews from neighbors. Regardless of outcomes, view feedback as progress towards refining your idea or reconsidering its pursuit.

6. Scale Up

As your business initially takes off on a modest scale, embrace the prospect of growth with confidence. As you attain success and reach your milestones, be open to expanding your horizons. This could involve broadening your product and service offerings to a larger market, bringing on new employees to enhance productivity, intensifying your marketing initiatives, or securing a more spacious workspace. Opt for a gradual yet steady approach to scaling, allowing you to implement and adjust to incremental changes without unduly straining your finite resources.

7. Network

Establishing a business with limited financial resources often hinges on relationships rather than knowledge alone. Prioritize networking to enhance your chances of success. Forge connections with professionals in your industry, potential investors, and fellow entrepreneurs. These connections can offer valuable insights, introduce you to influential contacts, endorse your products or services to their audience, and potentially contribute to your funding. Whether through online platforms or local networking events, actively build your network. Additionally, explore relevant conferences and trade shows to expand your connections within your industry.

8. Use Free Resources

Whether you believe it or not, there is an abundance of free or affordable resources readily available to support entrepreneurs and those aspiring to start their own businesses. To locate these resources, conduct a Google search and explore workshops, mentorship programs, and networking opportunities within your vicinity.

Additionally, consider visiting your local library and inquire about any resources it may provide. National options, such as the National Institute for Entrepreneurship and Small Business Development—a prominent organization under the Ministry of Skill Development and Entrepreneurship—should not be overlooked. By capitalizing on these free resources, you can minimize your expenses and initiate your business in the most cost-efficient manner possible.

9. Design a Savings Plan

As a prospective business owner, the responsibility falls on you to establish a financial cushion for your venture. Begin by meticulously monitoring your expenses and pinpointing your costs. Consider obtaining a business credit card that offers advantageous perks such as cash back and travel points. Furthermore, establish a monthly budget and strive to adhere to it consistently. While the specific circumstances of your situation will determine the exact amount of funds you need to save, a generally recommended practice is to accumulate savings equivalent to at least six months’ worth of business expenses.

10. Look for Alternative Funding

There are numerous avenues available for securing funding for your small business. Here are various options:

• Friends and Family: If you have the support of your loved ones, they might be willing to provide capital through a low- or no-interest loan or grant. It’s crucial to formalize the terms in writing to ensure clarity for all parties involved.
• Venture Capitalists: Professional investors like venture capitalists can invest in your business in exchange for a share of profits or stock. Presenting a solid business plan and financial statements is typically required to secure this type of funding.
• Angel Investors: Distinct from venture capitalists, angel investors use their personal funds to support your business. Besides financial assistance, they often offer mentorship and guidance during the launch and growth phases.
• Grants: Although challenging to find, there are grants available for small businesses. Research opportunities from federal and state government entities, as well as community development corporations.
• Incubators and Accelerators: These programs are designed to mentor high-potential businesses, and some may provide capital as well. Being part of such programs can offer valuable support and resources.
• Crowdfunding: Engaging prospective customers by seeking upfront monetary support in exchange for unique perks or promises is known as crowdfunding. Several online platforms, such as Kickstarter, Fundly, and SeedInvest, can help you set up a campaign.
• Small Business Loans: Banks, online lenders, and credit unions offer business loans tailored for small businesses and startups. Generally, having a good credit score is essential to secure favorable terms and low-interest rates.

11. Choose a Business Name

Selecting a business name marks a crucial step in the startup process. It should be memorable, distinctive, and, importantly, not already in use. Keep in mind that the chosen name will be integral to your business’s identity for the long haul. Therefore, it’s vital to pick one that resonates with you and has the potential for scalability, minimizing future challenges. After settling on a name, take proactive measures to secure online assets corresponding to the business, including:

• Securing the domain name
• Claiming social media handles

This strategic approach ensures consistency across digital platforms and reinforces your brand’s online presence.

12. Create a Brand

Having a business name is a crucial step toward establishing a brand, but true branding goes beyond just a name or logo. It encompasses various elements, including:

• Brand Values and Mission Statement
• Brand Aesthetic, Including Color Palette and Fonts
• Photography Style
• Brand Voice and Tone
• Hiring Practices
• Brand Story

As a business owner, the guidelines set by your brand are instrumental in shaping your overall business strategy, especially as you expand. A robust brand not only influences your social media marketing but also impacts your hiring decisions and communication style. It’s noteworthy that creating a brand doesn’t necessarily require a significant financial investment; you can leverage free resources to establish a powerful brand presence.

13. Launch a Website

While initiating a business from the ground up has been cost-free so far, opting for an online store plan is a strategic investment. While the $0 route remains an option, the most prudent choice is to invest in an online store plan. A fundamental website functions as a digital storefront for your business, serving as a primary platform to inform potential customers about the products or services you offer.

14. Validate Ideas with Preorders

Consider validating your product ideas without the need for substantial startup capital by utilizing preorders. This approach allows you to generate upfront cash, which can then be invested in manufacturing. Additionally, implementing preorders serves as an effective launch strategy, creating anticipation and excitement around your new brand.

15. Overcome the Challenges

Commencing a business underscores the undeniable reality that financial resources play a crucial role. According to a 2022 survey conducted by Skynova, a platform facilitating prompt payments for small businesses, startup founders pinpointed their primary reasons for failure. A substantial 47% attributed failure to a lack of financing, while 44% cited running out of cash as the main obstacle. Embarking on a business venture with minimal or no capital can impose constraints on early-stage growth and scalability. The absence of funds may pose challenges in crucial aspects such as:

• Hiring employees or securing support staff.
• Procuring essential inventory or supplies.
• Executing effective advertising and marketing strategies.

The impact of financial constraints varies based on the nature of the intended business. Limited budgets may prompt consideration of business ideas that require zero initial investment to navigate these challenges effectively.

16. Develop a Low-Cost Business Idea

Starting a business often involves varying levels of initial investment, with some ventures demanding substantial capital, such as opening a restaurant that could require over $100,000. On the other hand, certain businesses can be initiated with minimal upfront costs, particularly those that can be operated from home using just a laptop and an internet connection.

For individuals with limited financial resources, opting for businesses that don’t entail significant startup expenses is crucial. Online enterprises, which leverage digital platforms, are particularly attractive in this regard. Conversely, there are offline opportunities that don’t necessitate substantial upfront cash. For instance, starting a dog-walking or pet-sitting service, offering tutoring services to local students, or providing art or music lessons are viable options. These businesses empower individuals to monetize their skills without a significant financial investment.

17. Create a Budget

Creating a budget is a crucial step when initiating any business endeavor, serving as a financial roadmap to navigate the initial stages of your venture. The specifics of your budget will hinge on the nature of your business—entrepreneurs pursuing a low-cost business model will likely incur fewer startup expenses compared to those establishing brick-and-mortar enterprises.

To formulate a small business budget before launch, it’s essential to comprehensively list all anticipated costs. This may encompass expenditures such as procuring inventory or supplies, securing a business space through rental or leasing, acquiring necessary equipment, allocating funds for marketing or advertising efforts, and potentially hiring staff. A meticulous budget is paramount for gaining a pragmatic understanding of your anticipated expenditures. This detailed overview enables you to compare your projected costs with anticipated sales or revenue post-launch.

A business budget is not a one-time endeavor; it necessitates periodic reviews, ideally on a monthly basis, to track the ebb and flow of financial transactions within the business. Vigilantly managing expenses during the nascent stages of your enterprise is pivotal for optimizing cash flow. Regular budget assessments empower you to adapt and refine your financial strategies as your business evolves.

18. Use Bootstrapping Techniques

Bootstrapping a business involves utilizing the resources available to you to finance your venture, potentially avoiding the burden of debt. The feasibility of bootstrapping depends on your financial circumstances. Various methods can be employed to bootstrap, including:

• Personal Savings or CD Funds: Utilizing money from personal savings accounts or certificates of deposit.
• 401(k) Borrowing: Borrowing against your 401(k) retirement plan, though this can impact long-term savings due to the absence of compounding interest and may incur early withdrawal penalties.
• IRA Early Withdrawal: Taking an early withdrawal from an individual retirement account (IRA), with potential drawbacks like foregoing compounding interest and facing a 10% early withdrawal penalty.
• Home Equity: Extracting equity from your home through a loan or line of credit, but this poses risks such as responsibility for repayment even if the business fails, and the potential for foreclosure in case of default.
• Selling Unneeded Assets: Selling possessions you no longer require to generate cash.
• Local Fundraiser: Organizing a local fundraiser to seek donations from the community.
• Friends and Family Loans: Seeking financial support from friends or family, which has both positive and negative aspects.

Each option has its own set of advantages and drawbacks. For instance, tapping into retirement accounts may compromise long-term financial security, and using home equity involves potential risks in case of business failure. Careful consideration of the pros and cons is essential before deciding to bootstrap, ensuring a thorough understanding of the potential impacts on your financial situation.

19. Build a Robust Online Presence

With 62% of the global population utilizing the internet and 85% of Americans accessing it daily, establishing a virtual presence for your business becomes a logical step. This involves creating a website or blog, initiating a YouTube channel, engaging on TikTok, or establishing a footprint on platforms like Facebook, X, or Instagram. One significant advantage of leveraging social media for business marketing is its potential cost-effectiveness.

While there’s an option to invest in ads, creating profiles on social media platforms is free. For those considering a website or blog for their business, platforms such as Wix offer the capability to do so without incurring costs. Building an online presence without a financial investment is indeed feasible, but it’s crucial to strategize and consider the channels that provide the best return on investment for your time. Identifying where your potential customers are most active online can guide you in pinpointing the social media platforms worth targeting.

20. Sell on eCommerce Platforms

After finalizing a business concept, one can opt to sell products or provide services through well-established e-commerce platforms such as Amazon, Snapdeal, or Flipkart. This eliminates the need for setting up a physical store and managing logistics independently. Leveraging online platforms allows seamless access to potential customers while handling technical aspects and logistics, streamlining the revenue generation process.

21. Apply for Government Schemes

Numerous government initiatives aimed at supporting startups and small enterprises have been introduced. These schemes specifically target businesses classified as Micro, Small, and Medium Enterprises (MSMEs), offering them the opportunity to access a variety of benefits and secure funding for their operations. MSMEs can avail themselves of loans and credit with streamlined procedures, thanks to these initiatives. Additionally, financial institutions have rolled out specialized loan programs featuring favorable interest rates to incentivize and foster the growth of small ventures.

Also Read: 53 Profitable Small Scale Manufacturing Business Ideas in India

Best Business Ideas to Start with No Money

The process of identifying a business idea is both challenging and crucial in entrepreneurship. For those aiming to launch a business without initial capital, exploring opportunities in the service industry is a prudent approach. Below are various small business ideas to spark your inspiration:

1. Perform in-house services

Establishing an in-house service business in your locality can be achieved without significant financial investment, relying instead on your time and dedication. These services involve either visiting clients at their homes or operating from your own residence. Examples of such businesses include babysitting, pet-sitting, interior decorating, event management, and salon services.

2. Do skill-based business

Another avenue is a skill-based business, where your proficiency in a particular area becomes the foundation. This type of venture may necessitate minimal or no capital. You can even charge upfront for your services. Platforms like Amazon and eBay provide opportunities for creators to monetize their skills. Additionally, offering classes in your expertise, be it painting, singing, dancing, photography, computer repairs, or others, is a viable option. Conducting these classes at home requires no substantial funds.

3. Start service-based business

Venturing into a service-based business is another possibility. Marketing your business and possessing the necessary expertise are crucial. Examples of service-based businesses include content creation, software or website design, translation services, and bookkeeping. These endeavors may not require substantial upfront costs, emphasizing the importance of knowledge and promotional efforts.

4. Offer dropshipping services

Dropshipping is an excellent business model for those looking to start a venture without significant upfront funds. Essentially, it involves establishing an online retail store without the need to store or procure inventory. Instead, you collaborate with a dropshipping supplier who handles product storage and delivery. Your role is to market the products on your online store, and when a customer places an order, the dropshipping supplier fulfills it, with you receiving payment. However, you’re responsible for paying the product cost to the supplier after deducting your percentage.

5. Perform consulting

Consulting is another viable option for launching a business with no initial investment. Leveraging your years of professional experience in a particular field, you can offer consultancy services from the comfort of your home. Effective marketing will attract clients seeking advice and expertise, making it a lucrative venture. The scope of consulting is broad, spanning various sectors such as finance, IT, HR, marketing, law, accounts, social media, and healthcare. Establishing your consultancy firm and collaborating with companies can generate substantial revenue.

6. Sell digital products

Selling digital products is a lucrative avenue that doesn’t require dealing with tangible goods. Whether it’s music, courses, eBooks, templates, or other digital offerings, the absence of recurring shipping and manufacturing costs ensures high profit margins. The range of digital products available for sale is vast, including original instrumental beats, informational templates to enhance skills, and licensable photos for other creators. This business model offers flexibility and scalability, making it a compelling option for those starting with minimal resources.

7. Do webinars and courses

Online courses and webinars have become increasingly popular as individuals seek opportunities to enhance their skills and advance their careers. Experienced professionals holding certifications can leverage their expertise by initiating free webinars or courses initially and gradually transitioning to a paid model as their audience expands.

8. Start fashion boutique

Embarking on a venture into the fashion industry is another viable option. Launching an online fashion boutique allows entrepreneurs to curate and sell clothes directly sourced from manufacturers, eliminating the need for extensive inventory. Those with sewing skills can even start a boutique from home, saving on initial costs associated with stocking apparel.

9. Sell homemade and handcrafted products

For individuals with a penchant for arts and crafts, creating homemade and handcrafted products for online sale is a creative business avenue. The market values unique and organic items such as homemade soaps, candles, personalized name plates, and blankets. Entrepreneurs can minimize expenses by adopting a pre-order model or starting with small batches until sales momentum is generated.

10. Open cloud kitchen

Cloud kitchen is a burgeoning business model wherein meals are prepared and delivered directly to customers’ doorsteps. Operating exclusively online, cloud kitchens showcase their menus on websites, enabling customers to select their desired dishes for delivery or pickup. The beauty of this model lies in its independence from physical premises, allowing entrepreneurs to kickstart it from home using available equipment. Initial marketing efforts can focus on word-of-mouth referrals from friends and family to attract more customers.

11. Do digital marketing

Digital marketing has become an indispensable tool for businesses transitioning into the online realm. To effectively navigate this landscape, companies seek proficient digital marketers capable of creating engaging online interactions. Tasks may include enhancing the company’s online presence through website management, social media campaigns, and other digital channels. The diverse spectrum of digital marketing encompasses content marketing, influencer marketing, and social media marketing. Entrepreneurs entering this field can establish a business by assisting companies in building a robust digital presence, leveraging their expertise in various digital marketing categories.

12. Become a blogger

Blogging and vlogging present lucrative opportunities for online entrepreneurship. Whether focusing on travel, technology, educational content, life hacks, or any other niche, starting a blog or vlog offers the potential for revenue generation. Success in this venture hinges on creating compelling content and effectively marketing it to maximize readership or viewership. Entrepreneurs can further monetize their efforts by providing freelance services to other websites or companies. This may involve featuring blog articles, writing content for external entities, or offering video-related freelance services such as video creation and editing to businesses within a similar niche.

Also Read: 30 Best Business Ideas with 5 Lakhs Investment

The key to start a business with limited capital is to focus on low-cost strategies, such as using free online tools, networking, and utilizing your personal skills. Building a solid foundation through careful planning and research is crucial for long term success.

The post How to Start a Business with No Money appeared first on Moneymint.

What Companies are in the Health Care Field?

The healthcare field is a vast and essential sector that plays a crucial role in promoting and maintaining people’s well-being. Numerous companies operate within this industry, each contributing to different aspects of healthcare, from pharmaceuticals to medical devices and healthcare services. These companies strive to develop innovative solutions, medicines, and technologies to improve patient care and outcomes.

1. CVS Health Corp.

CVS Health Corporation, previously known as CVS Corporation and CVS Caremark Corporation, is a prominent American healthcare entity encompassing CVS Pharmacy, a widespread retail pharmacy chain, CVS Caremark, a pharmacy benefits manager, and Aetna, a major health insurance provider, alongside various other brands. Positioned as the world’s largest healthcare company, its headquarters are situated in Woonsocket, Rhode Island.

Established in 1963, CVS is dedicated to delivering pharmaceutical services, offering a proprietary line of medical care supplies, an array of retail products, and comprehensive clinical health care services. The company also extends its services to health insurance. CVS Health employs professionals across corporate and retail segments, engaging in the manufacturing, distribution, and dispensing of pharmaceuticals and related products. Full-time employees at CVS Health enjoy a diverse range of benefits, including health and dental insurance. Additionally, CVS staff may qualify for enticing employee discounts applicable at any of the retail chain’s outlets.

2. UnitedHealth Group

UnitedHealth Group Incorporated, headquartered in Minnetonka, Minnesota, is a prominent American multinational company focusing on health benefits and services. Recognized as the world’s eleventh-largest company in terms of revenue, it holds the position of the largest health care company and the largest insurance company by net premiums. Notably, it secures the 10th spot on the 2023 Fortune Global 500 list.

UnitedHealth Group operates through two primary entities: UnitedHealthcare and Optum. UnitedHealthcare offers a range of insurance products for individuals and employers, catering to both the actively employed and retirees. The company extends its services to a diverse clientele, spanning local and global markets. Full-time employees of UnitedHealth Group enjoy a comprehensive benefits package, encompassing health, dental, vision, and disability insurance. Furthermore, they may be eligible for programs facilitating loan forgiveness or repayment.

Optum, a subsidiary of UnitedHealth Group, specializes in delivering medical technology services, leveraging data and technology to enhance care delivery. This multifaceted approach positions UnitedHealth Group at the forefront of the healthcare industry, reflecting its significant impact on both a national and global scale.

3. Pfizer

Pfizer Inc. is a leading American multinational pharmaceutical and biotechnology corporation headquartered at The Spiral in Manhattan, New York City. Founded in 1849 in New York by two German entrepreneurs, Charles Pfizer (1824–1906) and his cousin Charles F. Erhart (1821–1891), the company specializes in the development and production of medicines and vaccines across various therapeutic areas, including immunology, oncology, cardiology, endocrinology, and neurology.

Pfizer’s key revenue-generating products include the Pfizer–BioNTech COVID-19 vaccine (with 2022 revenues reaching $37 billion), Nirmatrelvir/ritonavir ($18 billion), Apixaban ($6 billion), a pneumococcal conjugate vaccine ($6 billion), and Palbociclib ($5 billion). Notably, in 2022, 42% of the company’s revenues originated from the United States, 8% from Japan, and 50% from other countries.

Previously a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020, Pfizer currently holds the 38th position on the Fortune 500 and the 39th spot on the Forbes Global 2000.

Also Read: 25 Best Part-Time Jobs with Health Insurance Benefits

4. McKesson Corp.

Based in Irving, Texas, McKesson Corporation is a major American entity specializing in pharmaceutical distribution, health information technology, and medical supplies. With a workforce exceeding 78,000, the company supplies a significant portion of North America’s pharmaceuticals, boasting revenues of $238.2 billion in the fiscal year concluding on March 31, 2021.

McKesson’s primary activities include the distribution of health care systems, medical supplies, and pharmaceutical products. Renowned for its early adoption of advanced technologies such as bar-code scanning, pharmacy robotics, and RFID tags, the company has faced legal challenges, being embroiled in a federal lawsuit related to alleged profiteering from the opioid epidemic in the United States.

Throughout the COVID-19 pandemic, McKesson played a pivotal role as the primary vaccine distributor for the U.S. government. Serving as the central distribution hub, the company facilitated the delivery of hundreds of millions of COVID-19 vaccine doses and associated supply kits, contributing significantly to the administration of over 1 billion doses across the United States.

5. Cencora

Cencora, Inc., formerly AmerisourceBergen, is a leading American pharmaceutical wholesale company resulting from the 2001 merger of Bergen Brunswig and AmeriSource. Specializing in drug distribution and consulting for medical business operations and patient services, the company supplies a comprehensive range of brand name and generic pharmaceuticals, over the counter (OTC) healthcare products, and home health care supplies to a diverse range of healthcare providers across the United States.

Their clientele includes acute care hospitals, health systems, retail pharmacies (both independent and chain), mail-order facilities, physicians, clinics, and various alternate site facilities, including nursing and assisted living centers. Cencora, Inc. also extends its services to long-term care, workers’ compensation, and specialty drug patients.

AmerisourceBergen plays a significant role in the pharmaceutical landscape, handling approximately 20% of all pharmaceuticals distributed and sold in the United States. The company achieved notable recognition, securing the 10th position on the Fortune 500 list in 2020, boasting an impressive annual revenue exceeding $179 billion.

6. Cardinal Health

Cardinal Health, Inc., an American multinational health care services company headquartered in Dublin, Ohio, holds the rank of the 14th highest revenue-generating company in the United States. The company specializes in the distribution of pharmaceuticals and medical products, catering to over 100,000 locations. Cardinal Health is also involved in the manufacturing of medical and surgical products, such as gloves, surgical apparel, and fluid management items. Notably, it operates one of the largest networks of radiopharmacies in the U.S. and plays a vital role in supplying medical products to more than 75 percent of hospitals across the country.

Founded in 1971, Cardinal Health is dedicated to coordinating patient care by ensuring that medical service providers and retailers have reliable access to essential medical supplies for both use and distribution. The company’s workforce includes pharmaceutical developers, distribution coordinators, and high-level administrators. Employees at Cardinal Health enjoy various benefits, including health, vision, and dental insurance, along with opportunities for tuition reimbursement, participation in a retirement plan, and access to a 401k plan. Eligibility for these benefits typically requires full-time employment with the company.

7. Cigna Corp.

Cigna Group, a profit-driven American multinational in the healthcare and insurance sector, is headquartered in Bloomfield, Connecticut. The company’s insurance subsidiaries play a significant role as providers of medical, dental, disability, life, and accident insurance, catering primarily to employers and various groups such as governmental and non-governmental organizations, unions, and associations. Cigna, incorporated in Delaware, extends its offerings to include Medicare and Medicaid products, as well as health, life, and accident insurance coverages for individuals in the U.S. and selected international markets.

Beyond its core operations, Cigna also manages certain run-off operations, including a segment focused on Run-off Reinsurance. In the Phoenix metropolitan area, Cigna operates a comprehensive staff-model health maintenance organization named the Evernorth Care Group (formerly Cigna Medical Group), featuring satellite clinics throughout the region. Additionally, Cigna Global Health Benefits operates within the broader Cigna corporation. As of 2023, Cigna holds the 15th position in the Fortune 500 list, recognizing it as one of the largest U.S. corporations based on total revenue.

8. Elevance Health

Elevance Health, Inc., formerly known as Anthem, Inc. until June 2022, is a leading American health insurance provider. Offering a comprehensive suite of services, including medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, the company operates through affiliates like Anthem Blue Cross and Blue Shield, Empire BlueCross BlueShield, Wellpoint, and Carelon. As the largest for-profit managed health care company in the Blue Cross Blue Shield Association, Elevance Health has a significant impact on the healthcare landscape.

In 2011, Anthem received a 2 out of 4 stars rating for “Meeting National Standards of Care” from California’s state patient advocacy office, improving to 3 stars in 2014. In 2022, twenty-one of Elevance Health’s Medicaid plans achieved accreditation for health equity from the National Committee for Quality Assurance (NCQA). The company boasts a substantial membership, with 46.8 million individuals covered by its affiliated health plans. Noteworthy, Elevance Health secured the 20th position on the 2022 Fortune 500 list based on its 2021 revenues, reflecting its prominent status in the industry.

9. Centene Corp.

Centene Corporation, based in St. Louis, Missouri, ranks 25th on the 2023 Fortune 500 as a publicly traded managed care company. Serving as an intermediary for government-sponsored and private healthcare programs, Centene specializes in Medicaid and Medicare services, catering to over 8.6 million Medicaid members and 400,000 Medicare beneficiaries nationwide.

Venturing into the UK in 2017, Centene acquired local healthcare services, and by 2019, its subsidiary MH Services obtained a 40% stake in Circle Health, contributing to a network of 50+ private hospitals. Centene assumed full control of Circle Health in July 2021, eventually selling it to PureHealth in August 2023.

Operose Health, a UK subsidiary, achieved a significant milestone in 2021 by acquiring AT Medics, a group of London practices. In May 2022, Centene strategically divested from the pharmacy benefit management business, selling Magellan Rx and PANTHERx Rare for a total of $2.8 billion, marking the company’s exit from pharmacy organizations.

Also Read: 10 Tips to Remember Before Opting For A Health Insurance

10. Walgreens Boots Alliance

Headquartered in Deerfield, Illinois, Walgreens Boots Alliance, Inc. (WBA) is a prominent American multinational holding company. It boasts ownership of the well-known retail pharmacy chains, Walgreens in the United States, and Boots in the United Kingdom. In addition to these retail giants, the company holds sway over several pharmaceutical manufacturing and distribution entities. As of 2022, the company commands the 18th position on the Fortune 500 list.

The genesis of Walgreens Boots Alliance can be traced back to December 31, 2014, when Walgreens completed the acquisition of the remaining 55% stake in Alliance Boots, a transaction amounting to $4.9 billion in cash and 144.3 million common shares valued at $10.7 billion. Preceding this, in August 2012, Walgreens had initially acquired 45% of Alliance Boots for $4.0 billion and 83.4 million common shares, securing an option to purchase the remaining shares within three years. Walgreens transformed into a subsidiary of the newly formed Walgreens Boots Alliance.

11. Johnson & Johnson

Headquartered in New Brunswick, New Jersey, Johnson & Johnson (J&J) stands as a prominent American multinational corporation specializing in pharmaceuticals and medical technologies. Listed on the New York Stock Exchange, its common stock is integral to the Dow Jones Industrial Average, and it holds the 40th position on the 2023 Fortune 500 roster of the largest U.S. corporations. Boasting a global workforce of around 130,000 employees, the company is under the leadership of Joaquin Duato, serving as both chairman and chief executive officer.

Established in 1886 by Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson, the company initially focused on selling ready-to-use sterile surgical dressings. In a strategic move in 2023, Johnson & Johnson separated its consumer healthcare business, forming a new publicly traded entity known as Kenvue. Presently, Johnson & Johnson concentrates exclusively on the development and production of pharmaceutical prescription drugs and medical device technologies. Recognized as one of the world’s most valuable companies, it holds the prestigious AAA prime credit rating, a distinction shared by only one other U.S.-based company.

12. St. Jude Children’s Research Hospital

St. Jude Children’s Research Hospital, situated in Memphis, Tennessee, was established in 1962 by entertainer Danny Thomas as a nonprofit medical corporation. Dedicated to addressing pediatric catastrophic diseases, with a particular emphasis on leukemia and other cancers, the institution received a substantial $2 billion in donations during the 2021 fiscal year. Despite daily operating costs averaging $1.7 million, St. Jude does not impose charges on patients for their care. The hospital extends its treatment to individuals up to the age of 21, and in certain cases, up to the age of 25.

A diverse array of medical professionals, including nurses, laboratory technicians, and specialized physicians, form the hospital’s workforce, committed to diagnosing and treating various pediatric cancers. Functioning as a research hub, St. Jude’s also employs research scientists and specialists in healthcare technology design. Furthermore, the hospital relies on administrators and managers at both corporate and operational levels to effectively oversee and coordinate its multifaceted operations.

Cross-Reference: 10 best-paying jobs of 2023

13. Kaiser Permanente

Established in 1945 by industrialist Henry J. Kaiser and physician Sidney Garfield, Kaiser Permanente is an American integrated managed care consortium headquartered in Oakland, California. Comprising three interconnected entities, the organization includes the Kaiser Foundation Health Plan, Inc. (KFHP) and its regional subsidiaries, Kaiser Foundation Hospitals, and the regional Permanente Medical Groups.

As of 2023, Kaiser Permanente is operational in eight states (Hawaii, Washington, Oregon, California, Colorado, Maryland, Virginia, Georgia) and the District of Columbia, making it the largest managed care organization in the United States. Boasting a network of 39 hospitals and over 700 medical offices, the consortium employs a workforce exceeding 300,000 individuals, including more than 87,000 physicians and nurses.

Each Permanente Medical Group functions as an independent for-profit partnership or professional corporation within its designated territory, primarily relying on reimbursements from the corresponding regional Kaiser Foundation Health Plan entity. Notably, KFHP ranks among the largest not-for-profit organizations in the United States.

14. Bayada Home Health Care

Founded in 1975, Bayada Home Health Care is an international nonprofit organization that initially focused on home health aide services but has since expanded its offerings to include a comprehensive range of home health care services for individuals of all ages and abilities. With over 360 offices spanning 23 states, as well as locations in Germany, India, Ireland, New Zealand, and South Korea, Bayada has established itself as a global presence in the field.

Headquartered in suburban Philadelphia, PA, USA, and featuring a Global Support Center in Pennsauken, NJ, the organization employs a dedicated team of over 28,000 professionals, including nurses, home health aides, therapists, and medical social workers. In May 2019, Bayada celebrated a significant achievement by serving its one millionth client. The organization specializes in offering nursing, rehabilitative, therapeutic, hospice, and assistive care services to children, adults, and seniors, with additional provisions for behavioral health and habilitation services in certain states.

15. Memorial Sloan Kettering

Established in 1884 as the New York Cancer Hospital, Memorial Sloan Kettering Cancer Center (MSK or MSKCC) stands as a renowned cancer treatment and research institution in Manhattan, New York City. Recognized as one of the 72 National Cancer Institute-designated Comprehensive Cancer Centers, MSKCC is distinguished for its commitment to cutting-edge cancer care and research.

Originally founded at a different location, the institution relocated to its current site in 1945, adjacent to the newly established Sloan-Kettering Institute for Cancer Research. The formal integration of the hospital and the research institute occurred in 1980, following coordinated operations since 1960.

Situated at 1275 York Avenue, between 67th and 68th Streets in Manhattan, MSKCC earned the second position in U.S. News & World Report’s 2021–2022 Best Hospitals for cancer care. Aside from recruiting a dedicated medical team, MSKCC provides extensive training programs for physicians and offers benefits such as tuition reimbursement, insurance coverage, gym memberships, and retirement plans.

Also Read: 10 Best Health Insurance Plans For You In India

16. Trilogy Health Services

Founded in 1997, Trilogy Health Services stands as a leading healthcare provider, delivering comprehensive senior care through residential facilities and outpatient clinics specializing in memory care and rehabilitative services. The company employs a dedicated team of qualified medical professionals, including nurses, physicians, occupational and physical therapists, and other specialists in senior care.

Additionally, Trilogy Health Services hires personnel for essential roles such as cleaning and sanitation professionals, food planning and preparation specialists, and recreation directors within their residential facilities. Full-time employees enjoy a range of benefits, including health insurance coverage and loan repayment options, along with the added perk of flexible scheduling. Trilogy Health Services remains committed to enhancing the well-being of seniors by fostering a skilled and compassionate workforce across its diverse range of healthcare services.

17. Veradigm

Veradigm, formerly known as Allscripts Healthcare Solutions, Inc., is a publicly traded American corporation specializing in delivering comprehensive technological solutions to physician practices, hospitals, and healthcare providers. Focused on practice management and electronic health record (EHR) technology, Veradigm extends its offerings to include patient engagement, care coordination, and financial and analytics tools. Boasting a user base of over 180,000 physicians and a presence in 2,700 hospitals and 13,000 extended care organizations, the company plays a pivotal role in enhancing healthcare operations.

Veradigm’s software development encompasses electronic health record management, aiding physicians and hospitals in efficient practice administration. The company also develops financial and analytical software tailored to the unique needs of healthcare establishments. Job opportunities at Veradigm span roles such as software development specialists, IT operations and helpdesk professionals, information design experts, and sales operators. Employees enjoy a comprehensive benefits package, including health, vision, dental, life, and disability insurance, along with access to retirement planning options.

18. GE Healthcare

GE HealthCare Technologies, Inc., also known as GE HealthCare, is a prominent American medical technology enterprise headquartered in Chicago, Illinois. Originally part of General Electric, it underwent a spin-off on January 4, 2023, with GE retaining a 13.5% stake. Specializing in the manufacturing and distribution of diagnostic imaging agents and radiopharmaceuticals, the company plays a pivotal role in medical imaging procedures. Its product portfolio encompasses dyes for magnetic resonance imaging, medical diagnostic equipment such as CT image machines, MRI, XRAY, Ultrasound, Cath Labs, Mammogram, and Nuclear Medicine Cameras.

Additionally, GE HealthCare engages in the development of health technology for medical imaging, information technologies, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. Established in 1994, the company operates globally, reaching more than 100 countries. On November 9, 2021, General Electric announced a strategic split into three investment-grade public companies, with GE HealthCare successfully completing its spin-off and being listed on the Nasdaq Stock Market on January 4, 2023.

19. Apollo Hospitals Enterprise

Headquartered in Chennai, Apollo Hospitals Enterprise Limited stands as the largest healthcare group in India, boasting a network of 71 owned and managed hospitals. Established in 1983 by Prathap C. Reddy, it marked the inception of corporate healthcare provision in the country. The company, beyond its renowned hospital chain, extends its services through subsidiaries, encompassing pharmacies, primary care, diagnostic centers, telehealth clinics, and digital healthcare offerings.

Apollo’s commitment to excellence is underscored by several of its hospitals being pioneers in India to attain international healthcare accreditations from the Joint Commission International (JCI) and NABH accreditation. In 2021, Apollo HealthCo emerged from the amalgamation of Apollo Pharmacy, the leading retail pharmacy chain with over 5,000 stores across 21 states since its initiation in 1987, and Apollo 24/7, the digital healthcare platform launched in 2020. Apollo 24/7 delivers a spectrum of services, including telehealth consultations, online medicine procurement and delivery, and in-home diagnostics, solidifying Apollo’s position at the forefront of healthcare innovation in India.

20. Thyrocare Technologies

Thyrocare Technologies Limited, headquartered in Navi Mumbai, Maharashtra, is an Indian multinational diagnostic and preventive care laboratory chain with 1,122 outlets and collection centers across India, Nepal, Bangladesh, and the Middle East (as of 2021). In a groundbreaking development on June 26, 2021, API Holdings, the parent company of Indian e-pharmacy and online healthcare aggregator PharmEasy, acquired a controlling 66.1% stake in Thyrocare, marking the first instance of a startup acquiring a listed Indian company. Thyrocare had previously made its initial public offering (IPO) in April 2016, becoming the second diagnostic firm in India to be listed on both BSE and NSE.

In a pioneering move in 2023, Thyrocare has become the first company to integrate AI-based devices in diagnostics. Through a strategic partnership with SigTuple’s AI100, Thyrocare aims to automate manual microscopy across its extensive network. This technological advancement is anticipated to significantly reduce turnaround time, standardize reporting quality, and enhance overall operational efficiency.

Also Read: 24 Jobs that AI will Replace in Future

21. Fortis Healthcare

Fortis Healthcare Limited (FHL) is a prominent Indian for-profit private hospital network headquartered in Gurgaon, India, commencing its healthcare operations in Mohali, Punjab. It expanded by acquiring the healthcare division of the Escorts group, strengthening its presence nationwide. The Escorts Heart and Research Center in Okhla, Delhi, became a pivotal operational unit within the chain, nurturing the careers of healthcare professionals like Dr. Tehran, the current MD of Medanta, among others.

The flagship institution, Fortis Memorial Research Institute (FMRI) in Gurgaon, serves as the headquarters, acclaimed as the 23rd smart hospital globally in 2021. Recognized as the 22nd-best hospital in India for 2022 by Newsweek, FMRI boasts cutting-edge facilities. Fortis Healthcare extends its reach across Delhi NCR with hospitals in Faridabad, Noida, Vasant Kunj, Shalimar Bagh (Delhi), and other locations nationwide. Presently, the company operates healthcare services in India, Dubai, and Sri Lanka, managing a total of 36 healthcare facilities.

22. HCA Healthcare

HCA Healthcare, a for-profit healthcare facility operator established in 1968 and headquartered in Nashville, Tennessee, boasts a significant presence with 186 hospitals and around 2,000 care facilities, spanning surgery centers, freestanding emergency rooms, urgent care centers, and physician clinics across 21 U.S. states and the United Kingdom, as of May 2020. Currently ranking #66 on the Fortune 500 list, the company weathered legal challenges in the 1990s, including illegal accounting practices, leading to over $2 billion in federal fines and the removal of CEO Rick Scott by the board of directors.

Operating 185 hospitals and over 2,000 care sites as of 2020, with a notable concentration in Florida and Texas, HCA expanded further with plans for additional hospitals in both states. With a strong foundation in Tennessee, where it originated, HCA continues to grow its healthcare network, exemplified by recent developments such as the construction of five new hospitals in Texas as reported in 2022.

Cross-Reference: 5 Leading Healthcare Trends For 2023

23. Siemens Healthineers

Siemens Healthineers, formerly known as Siemens Medical Solutions, Siemens Healthcare, and Siemens Medical Systems, is a German company specializing in healthcare solutions and services. Established in 2017 as a spin-off from Siemens, the parent company retains a 75% stake in Siemens Healthineers, with its headquarters located in Erlangen, Germany. The evolution of its name includes Siemens Medical Solutions in 2001, transitioning to Siemens Healthcare in 2008, and ultimately rebranding as Siemens Healthineers in May 2016. Bernd Montag assumed the role of global CEO in 2015.

Siemens Healthineers is recognized for pioneering the integration of positron emission tomography (PET) with computed tomography (CT), resulting in the innovative Biograph PET-CT scanner. This groundbreaking technology enables the simultaneous visualization of anatomical structures and biological processes. With a global workforce of 65,000 employees across its affiliated medical technology companies, Siemens Healthineers continues to shape advancements in the healthcare industry.

24. Molina Healthcare

Molina Healthcare, Inc., a managed care company based in Long Beach, California, traces its roots back to 1980 when Dr. C. David Molina, an emergency room physician, founded the organization with a mission to offer healthcare to the most economically disadvantaged individuals, irrespective of their financial capabilities. Over two decades, the company was led by Dr. Molina’s son, J. Mario Molina, MD, who served as the president and CEO, while his younger brother, John Molina, held the position of CFO.

The Molina Medical clinic, initiated in Wilmington, California, marked the company’s commitment to serving low-income families. In September 2020, Molina Healthcare embarked on a significant acquisition, securing the assets of Affinity Health Plan for approximately $380 million. Despite growth, the company faced clinic closures in several states in 2017. Molina Healthcare remains dedicated to providing health insurance to individuals through government programs like Medicaid and Medicare, upholding its founder’s vision of accessible healthcare for all.

25. Baxter International

Headquartered in Deerfield, Illinois, Baxter International Inc. stands as a prominent American multinational healthcare company. With a sales record of $10.6 billion in 2017, the company operates through two core divisions: BioScience and Medical Products. Focusing primarily on addressing kidney disease and various chronic and acute medical conditions, Baxter’s BioScience segment specializes in the production of recombinant and blood plasma proteins for treating hemophilia and bleeding disorders. Additionally, it provides plasma-based therapies for immune deficiencies and other blood-related conditions, regenerative medicine products, and vaccines.

On the other hand, the Medical Products division concentrates on intravenous solutions, drug delivery systems, inhalational anesthetics, contract manufacturing services, and offerings for end-stage kidney disease, encompassing solutions for peritoneal dialysis and hemodialysis. Baxter International Inc. plays a vital role in advancing healthcare solutions across diverse medical domains.

Also Read: Fortune 100 Best Companies to Work For

The health care field includes a diverse range of companies for employment, each with its unique strengths and opportunities. Job seekers can choose roles that match their skills and passions.

The post What Companies are in the Health Care Field appeared first on Moneymint.

How to Avoid eBay Buyer Scam?

eBay stands out as a prominent online marketplace, renowned for its auctions and consumer-to-consumer sales model. It is a favored sales platform for online merchants. Operating across numerous countries, eBay allows users to search for products based on their location by inputting a zip code. Additionally, users can explore products available at a national or international level. Such an online platform offers valuable opportunities to discover bargains or elusive items, but they also draw in deceptive individuals and fraudulent activities.

The craftiest criminals devise tactics to circumvent eBay’s buyer protection mechanisms, tricking potential buyers into sending funds that are non-refundable or sharing sensitive data that could be exploited for identity theft. If you’ve been scammed by a seller while seeking a bargain on eBay, all is not lost. Understanding how to navigate eBay safely is crucial to ensure a positive shopping experience by avoiding fake listings and scammers. Implementing these strategies can help eBay shoppers protect themselves:

• Use Official eBay Channels for Transactions: Always complete transactions through eBay’s official platform to ensure protection. eBay cannot verify deals made outside the platform or monitor private communications.
• Avoid Accepting Checks as Payment: Refrain from accepting checks as they are often targeted for fraud. If accepting checks, wait for them to clear before shipping to prevent potential financial loss.
• Prevent False Chargebacks: Be ready to dispute fraudulent chargebacks with your bank, backed by evidence. Utilize PayPal Protection and consider issuing a refund to avoid chargeback fees.
• Document Every Transaction: Record the packing and shipping process, including tracking numbers and photographs. This documentation can protect you against unfounded fraud claims, especially since eBay tends to favor buyers.
• Utilize Tracking Numbers for Deliveries: Always arrange for a tracking number when sending items, particularly for those valued above $750. Consider requiring a signature on delivery for added security, aligning with PayPal Protection.
• Record Identifying Information: Document unique codes or serial numbers on valuable items, such as electronics. This practice is crucial when purchasing high-demand items to prevent potential eBay buyer scams.
• Verify Item Authenticity: Scrutinize the item’s images and check if they appear on multiple listings. Avoid sellers unwilling to provide additional photos or information, as this could indicate a scam.
• Compare Item Prices: Exercise caution if an item is heavily discounted without a valid reason (e.g., damage). Suspiciously low prices may indicate a scam or stolen property.
• Investigate the Feedback Page: Analyze the seller’s feedback, especially if it consists mainly of low-priced items. Use eBay’s messaging system to inquire about the item’s authenticity and gather more information.
• Examine the Seller Profile: Thoroughly review the seller’s profile, especially for high-value items not covered by the money-back guarantee. Exercise caution and diligence when dealing with expensive items outside policy protection.
• Avoid Rushed Purchases: Carefully read listing details to ensure they match your expectations. Verify item descriptions, as disputes become challenging if the information presented is accurate.
• Handling Misaddressed Parcels: If you receive a misaddressed parcel, check for shipping numbers or transaction codes. Verify the package’s details and contents carefully before taking any action.

Also Read: How to Avoid Cash App Flip Scam?

eBay Scams to Avoid as a Buyer

Purchasing items on eBay is generally uncomplicated, but unfortunately, there are individuals looking to deceive unsuspecting buyers seeking a good bargain. It’s essential to keep in mind that offers that seem exceptionally attractive are likely deceptive. Here are some prevalent scams that eBay buyers should be cautious about:

1. Empty Boxes and Photo Only Scams

eBay scammers employ deceptive tactics by listing popular or hard-to-find items, enticing buyers to make rushed purchases and overlook potential warning signs of a scam. They often present enticing deals on sought-after items such as gaming consoles, video games, or vintage collectibles. However, cunningly hidden within the item description, they may specify that the listing is for the box only, not the actual item.

In another version of this scheme, scammers list high-demand, expensive items at unusually low prices. Discreetly, they mention in the listing that it’s for a photo only or that the actual item may differ from the photos provided. Disappointingly, when the package arrives, all the buyer finds inside is a photograph of the desired item.

The scammer’s strategy revolves around tempting the buyer to act hastily, aiming to capitalize on the desire for a seemingly great deal or the fear of missing out by utilizing eBay’s Buy Now feature. Fortunately, eBay has a No Items Listing Policy, offering some recourse for victims of this eBay buyer scam to potentially recover their money.

• It’s crucial never to rush into a purchase on eBay. Take the time to thoroughly review the listing and carefully examine all the details.
• Read through each listing attentively to ensure a clear understanding of what you will receive.
• If any uncertainty arises regarding the item, its condition, or contents, reach out to the seller through eBay’s messaging system to document the conversation and seek clarifications.

2. Fraudulent Activities Related to Tracking Numbers

This particular scam exploits eBay’s seller protection program. eBay, in an effort to shield sellers from deceitful buyers who falsely claim non-receipt of their purchased items, mandates the provision of a genuine tracking number for every sale. However, unscrupulous sellers can manipulate this system by deliberately sending a counterfeit package to an incorrect address, allowing them to furnish authentic tracking numbers to both the buyer and eBay.

When the buyer reaches out to the seller to report non-receipt of the item, the seller cites the tracking information indicating delivery, thus evading the need to refund the buyer.

• Before initiating a claim, it’s advisable to contact the seller to investigate if there was an inadvertent error.
• If the seller is uncooperative or if suspicious signs of a scam are evident, it’s crucial to report the matter to eBay.
• Additionally, contacting the local post office to ascertain the delivery details and weight of the package can provide further evidence to support your claim.

3. Failure to Deliver Items not Eligible for eBay Money Back Guarantee

This scam entails sellers failing to deliver the items you’ve paid for. While it may seem reasonable for eBay to reimburse losses in such an obvious eBay buyer scam, there are specific scenarios where purchases fall outside eBay Money Back Guarantee. You will not be reimbursed for undelivered items in the following cases:

• Digital content (including NFTs and other intangible goods)
• Real estate, websites, and businesses for sale
• Services
• Travel tickets or vouchers
• Classified ads
• Motor vehicles (covered by Vehicle Purchase Protection instead)
• Certain types of business equipment

To protect yourself from scams, follow these guidelines:

• Watch for red flags like not receiving a tracking link or receiving non-functional tracking information.
• Try to steer clear of purchasing items in categories not covered by eBay Money Back Guarantee.
• Review the seller’s terms to ensure you’re protected if they fail to send the item.
• Prior to purchasing, read reviews and feedback to see if any previous buyers have reported being scammed by the seller.

4. Misleading Shipping by Using Incorrect Recipient Names

In this scheme, scammers follow through with the expected sale process smoothly, providing you with a tracking number and completing the payment without any apparent issues. However, upon receiving the package, you notice that while it displays your correct mailing address, it’s actually addressed to a different individual. The scammers rely on you assuming this is a genuine mistake and proceeding to return the package. If you do so, eBay will categorize the transaction as returned or refused, effectively removing your coverage under eBay Money Back Guarantee and preventing you from disputing the sale.

• To navigate this situation, first, check the tracking information to confirm if the item has been marked as delivered, indicating that the package is intended for you.
• Then, verify the address on the package. If it matches yours, proceed to open the package to inspect its contents and check for any order receipts.
• If the contents don’t align with what you ordered or if there’s any discrepancy, promptly contact eBay to report that the item does not match the listing.

5. Illicit Trade of Counterfeit or Inauthentic Products

eBay hosts a wide array of genuine, high-quality products, but unfortunately, there are individuals who misuse the platform to promote counterfeit or deceptive items, attempting to deceive buyers into paying full price for them. These listings often assert authenticity and feature images, which can either be stolen or fabricated, giving the impression of a genuine product. Exercise heightened caution when navigating eBay listings through social media links. Some fraudsters utilize social posts to advertise authentic items, redirecting to eBay listings for fake, fraudulent, or unbranded versions.

• Thoroughly scrutinize a seller’s reviews. Many scammers adopt a tactic of initially selling inexpensive items to bolster their overall ratings before attempting to scam buyers with more costly offerings.
• In the event that a listing claims authenticity but delivers a counterfeit item, promptly report the issue to eBay and request a refund.
• Exercise prudence when considering purchases of authentic items at significantly discounted prices. Prior to making a purchase, communicate with the seller through eBay’s messaging system to request additional information that can aid in validating the item’s authenticity.
• Verify the listing’s images to ascertain if they are stock photos or appear on other platforms. Conduct a reverse-image search using particular tools to determine if the images are utilized elsewhere.

6. Triangulation Fraud in Online Transactions

Triangulation fraud represents a complex eBay scam wherein deceitful sellers utilize stolen credit card details to divert funds from unsuspecting victims. Here’s a breakdown of how this scheme operates:

• eBay users make regular purchases from a seller.
• Upon package receipt, buyers find an additional, high-value item they didn’t purchase.
• When contacting the seller, they claim it was sent by mistake and offer it as a free gift.
• In reality, the seller exploits stolen credit card numbers to purchase these goods, keeping the funds sent by the buyer.
• When the rightful credit card owner discovers the fraud, they file a chargeback, usually covered by their bank or the involved business.

This scam is challenging to detect because, at first glance, it seems like everyone benefits. The buyer receives an unexpected valuable item, and eBay earns a percentage from the sale. However, accepting goods bought with a stolen credit card can jeopardize the buyer, potentially resulting in account loss or investigation for involvement in the fraud.

• When a deal appears exceedingly advantageous, exercise caution, especially with common items listed significantly below market prices.
• Opt for established eBay sellers with extensive selling history and positive feedback.
• If a free item accompanies your purchase unexpectedly, assume foul play involving stolen credit cards and promptly report the scammer to eBay support.

7. Requesting Payment External to eBay’s Platform

eBay’s security measures and policies provide protection exclusively when transactions take place directly on their platform. If a seller insists on off-platform payments, particularly through methods lacking reversibility or traceability like wire transfers, gift cards, cryptocurrency, Zelle, or Venmo, it’s almost certainly an eBay buyer scam. Once the seller obtains your funds or bank account details, they will cease communication and fail to deliver the promised item. Regrettably, using a non-approved payment method means you cannot dispute the transaction.

• It’s crucial to be well-versed in eBay’s payment policy and strictly employ authorized payment methods.
• Conduct all communications and payments within eBay’s system to benefit from their buyer protection program.
• When making online purchases, opt for payment methods that offer reversibility or possess a strong track record of safeguarding buyers.

8. Phishing Attempts via Email

Experiencing the frustration of narrowly missing out on a desired item can be quite disheartening. That’s why eBay has a legitimate program called Second Chance Offer, enabling sellers to offer items again when they have more available, the winning bidder didn’t follow through, or the reserve price wasn’t met. However, it’s unfortunate that scammers exploit this system in various ways:

• They send deceptive emails to eBay users who were unsuccessful in winning an auction, falsely claiming a second chance opportunity to purchase the item.
• Scammers use eBay’s messaging system to falsely indicate a second chance to purchase an item. They then request the purchase price to be wired to a non-eBay email address, often assuming the guise of a legitimate seller whose account has been compromised or who is unaware of the situation.

If you fall for a fake second chance offer, you’ll end up paying the scammer without ever receiving the item. To safeguard yourself from these scams, follow these steps:

• When receiving a Second Chance Offer, verify that the message appears both in your eBay message inbox and the Bids/Offers section of your My eBay page.
• Scrutinize the email subject line meticulously, as eBay never uses a subject line stating, Message from eBay Member. If you suspect a fake email, forward it to spoof@ebay.com.
• Avoid wiring money to a seller or sending a direct check.
• Ensure all communications and payments occur within the eBay platform. Never allow the seller to convince you to shift the conversation to an off-site email or messaging platform.

9. Scams Targeting eBay Motors Transactions

Purchasing a car through eBay Motors offers convenience, but it also puts you at risk of encountering scammers due to the substantial nature of the transaction. In an eBay Motors scam, con artists craft a vehicle listing accompanied by a poignant narrative explaining their urgent need to sell the car—often revolving around a sick family member or imminent military deployment. Subsequently, they request a wire transfer or another irreversible form of payment before claiming to ship the vehicle to you. Unfortunately, after sending the funds, it becomes evident that the advertised vehicle doesn’t exist. There are clear indicators of an eBay Motors scam, including:

• Claims that paperwork and the vehicle are held in a non-existent eBay warehouse.
• A seller reluctant to meet in person.
• Demands for extra fees related to shipping, fuel, or miscellaneous costs.
• High-pressure tactics to rush the transaction.
• The seller offering to manage the shipping process (typically the buyer’s responsibility).
• Deals that appear too good to be true, often accompanied by a heartfelt backstory for selling the vehicle.

To safeguard against scams, follow these guidelines:

• Familiarize yourself with eBay’s vehicle sales procedures, understanding your responsibilities and protections during the transaction.
• Always log in to eBay or use their mobile app to search for a car or other vehicle and complete the checkout directly through eBay.
• While a deposit might be necessary for a vehicle purchase, refrain from making payments using untraceable methods such as gift cards or wire transfers.

10. Provision of Bogus eBay Customer Service Contact Numbers

Scammers are aware that their chances of successfully scamming individuals increase when they engage them through phone communication. One prevalent eBay buyer scam involves the creation of counterfeit eBay customer support phone numbers, which are strategically placed on product listings, profiles, or within search result-related websites. When a buyer encounters an issue with their purchase and attempts to reach out for assistance, the fraudsters deceive them into providing personal or financial details under the guise of resolving the problem.

In certain instances, these fraudulent customer support representatives may coerce victims into downloading software that grants them remote access to their computers. It’s crucial to avoid this at all costs, as it can compromise not only the individual’s eBay account but also their passwords and sensitive data.

• It’s a best practice to always sign into your eBay account before reaching out to eBay support, ensuring that you utilize an official and secure contact method rather than risking the use of a potentially hazardous phone number.
• Additionally, it’s important never to disclose passwords, PINs, 2FA codes, or any sensitive information (like your SSN) over the phone, as authentic representatives from eBay will never request such information.

11. Gift Card Scam

Scammers employing gift card fraud often reach out to potential victims via phone, email, or social media. They employ tactics like offering time-sensitive discounts to create a sense of urgency. The scammer then requests the victim to provide the gift card number, which they deceitfully claim is for payment purposes. Once they obtain this code, they vanish, absconding with the victim’s gift card balance. To safeguard against gift card scams, it’s essential to adhere to these guidelines:

• Treat your eBay gift card redemption code with the same caution as you would treat cash.
• Refrain from sharing your gift card code with anyone under any circumstances.
• Exclusively redeem your gift card during the checkout process on eBay.com.
• Avoid using your gift card for transactions outside of eBay; stick to authorized platforms.
• If a seller insists on payment via gift card, do not proceed with the transaction – it’s undoubtedly an eBay buyer scam.

Cross-Reference: I could prove I had been scammed but eBay wasn’t on my side

What to Do if You Get Trapped in eBay Buyer Scam?

If you find yourself a target of an eBay buyer scam, taking specific actions can aid in recovering your funds and safeguarding others from falling victim to the scam:

• Initiate a refund request with the seller. eBay will only intervene after attempting resolution with the seller.
• Exercise caution with sellers who repeatedly delay or offer excuses while claiming to address the issue. They might be prolonging the scam to avoid detection.
• If you’re unable to resolve the problem directly, promptly report the seller to eBay.
• Subsequently, provide negative feedback about the seller to alert and caution potential buyers.
• If your payment was made through a different platform, follow the respective procedure to request a refund.
• Should the scam involve payments through Zelle, Venmo, or Cash App, familiarize yourself with the appropriate steps to take.
• If the scammers have accessed your personal or financial information, maintain vigilance by monitoring your credit report for any signs of fraudulent activity or potential identity theft.

Signs of an eBay Scammer

While strategies for scamming on eBay can vary, there are consistent warning signs to watch for whether you’re buying or selling on the platform. Essentially, if an offer seems too good to be true, exercise caution. Here are key indicators of potential eBay buyer scams to be vigilant about:

• Limited or No Seller Feedback History: The seller may have little or no feedback, which could be a red flag.
• Poor Spelling and Grammar in Item Description: If the item description is riddled with spelling and grammar errors, exercise caution.
• Short Listing Duration: Listings that are only posted for a short period may be suspicious.
• Unrealistically Low Price: If the price for an item seems significantly below the market value, it could be a scam.
• Beware of Unrealistically Discounted Deals: Be cautious of deals that seem too good to be true, especially if they involve heavy discounts on high-value or hard-to-find items like iPhones or electronics.
• Use eBay’s Official Payment and Communication System: Transactions or communications outside of eBay’s platform can put you at risk and may violate eBay’s policies.
• Avoid Untraceable Payment Methods: Refrain from using payment systems that cannot be reversed, such as cryptocurrencies, wire transfers, Cash App, Zelle, or Venmo.
• Inconsistent Feedback and Item Types: Sellers with feedback only for low-value items but suddenly selling luxury goods should raise suspicion.
• Unexpectedly Long Shipping Timelines: If the shipping timelines provided are unusually long, exercise caution.
• Inclusion of a Sob Story in Item Description: The presence of a sob story in the item description could be an attempt to deceive.

eBay Money Back Guarantee Cover

eBay Money Back Guarantee serves as a protective measure for both buyers and sellers, contingent upon adherence to eBay’s stipulated policies. For instance, to qualify for a refund, it’s essential to complete the transaction and make the payment for items through eBay using an approved payment method. In the capacity of a buyer, you can avail eBay Money Back Guarantee if:

• The item you purchased wasn’t received within the promised timeframe by the seller.
• The item you receive doesn’t align with the seller’s provided listing, encompassing scenarios like receiving an incorrect or damaged item.
• You attempt to return an item, but the seller doesn’t comply with the policy outlined in their listing.
• The item you purchased is not listed on eBay’s excluded item list.

As a seller, it’s mandatory to uphold eBay’s policies, including:

• Accurately describing and delivering items in accordance with the listing.
• Honoring the stated return policy and facilitating returns.
• Resolving issues promptly if a buyer reports a problem.
• Adhering to the prescribed timeframes of eBay’s platform for taking necessary actions.

What is eBay PayPal Scam?

The eBay PayPal scam occurs when genuine buyers make a purchase on eBay using PayPal and then falsely claim that the item either wasn’t received or was damaged. They do this to exploit buyer protection and receive a refund without having to return the item. For sellers, this can be incredibly frustrating since they end up losing both the item and the payment they received.

Nevertheless, sellers can mitigate this through the seller protection program by furnishing shipment tracking numbers and other necessary details via PayPal’s resolution center. Scammers employ various methods to deceive individuals into divulging personal information or believing they have received a payment. If you receive an email resembling communication from PayPal regarding an eBay transaction, be vigilant for these warning signs:

• Grammatical and spelling inaccuracies,
• Solicitation for your PayPal email address,
• Solicitation for postal tracking numbers,
• Solicitation for financial and personal details,
• Use of generic greetings,
• Sender’s email address not originating from PayPal.

To safeguard against fraudulent eBay PayPal scams while using eBay, follow these precautionary steps:

• Verify PayPal Activity Before Shipment: Before sending any items, verify the funds in your PayPal account by directly logging into it. If the claimed funds are not present, the email is likely fraudulent. Authentic PayPal communications can also be viewed within your PayPal account.
• Avoid Clicking Email Links: If the email purportedly from PayPal contains links, refrain from clicking on them. These could be phishing attempts, aiming to compromise your personal or financial data. Clicking may also install harmful viruses on your device.
• Conduct Transactions Within eBay: Ensure that all communication and transactions occur within eBay’s platform. eBay provides a secure environment for processing sales, and buyers should not require your email address to complete a transaction. Stick to eBay’s built-in features to maintain safety and transparency.

What to Do if You Get Trapped in eBay PayPal Scam?

• Initiate an Inquiry on eBay: Begin the process of addressing a non-paying bidder issue through the eBay Resolution Center. Explain the situation where the buyer has sent a fraudulent PayPal email falsely indicating payment when no actual funds have been transferred. Include any supporting documentation, such as the misleading email you’ve received.
• Report eBay PayPal Scam: Lodge a formal complaint with the Federal Trade Commission (FTC) via its online complaint platform. Additionally, it’s advisable to notify your local law enforcement authorities about the online fraud you’ve encountered.
• Notify PayPal About the Phishing Email: Inform PayPal about the receipt of a deceptive email by forwarding it to spoof@paypal.com. PayPal will conduct an investigation to confirm the email’s fraudulent nature.
• Safeguard Your Device: In case you’ve clicked on any links in the fake eBay PayPal scam email, take measures to ensure your device’s security. Run a comprehensive anti-malware scan to identify and remove any potential malware that might have been installed on your computer as a result of clicking the link.
• Contact Your Financial Institution: Reach out to your financial institution and any cards linked to your PayPal account. Notify them about the possibility of a scammer gaining access to your funds. They might require you to cancel your existing cards and issue new ones for added security.

Also Read: How to Avoid Getting Scammed on PayPal? Best Tips and Tricks

eBay Scams to Avoid as a Seller

It could be unexpected, but a considerable number of eBay scams don’t prey on naive buyers seeking attractive deals. Rather, scammers frequently masquerade as buyers and exploit consumer protection mechanisms to deceive honest sellers. Let’s delve into some prevalent methods scammers employ to defraud eBay sellers.

1. Offer to buy privately outside eBay

A potential buyer might come across your item and propose a private transaction outside of eBay, suggesting this way both parties can avoid paying eBay’s transaction fees. However, if you agree and close the listing, sending the item, there’s a risk that the buyer may not pay or dispute the transaction through eBay, claiming the item was damaged or the listing was fraudulent.

2. Overpayment Offer

When selling an item, a buyer might contact you and offer to pay more than the listed price. While this might seem like a good deal initially, it could be a scam. The buyer might use a fraudulent check for payment. You send the item, but later discover the cheque bounces, leaving you with no payment and no item.

3. Change of Address Scam

A variation of the overpayment scam involves a buyer offering to purchase your item and sending an excessive payment. They claim it’s to cover additional shipping costs as they now want it sent to a foreign country. They may also request your PayPal email. Subsequently, scammers posing as PayPal representatives ask for tracking numbers, claiming the payment will be released once proof of shipment is provided. Unfortunately, it’s a scam, and you’ll lose both the money and the item.

4. Empty Box Claim

In this scenario, the purchase appears to go smoothly. The buyer pays promptly, and you ship the item without issues. However, the buyer receives the item and falsely claims that you sent an empty box, alleging fraud. eBay will demand a return, and the buyer sends an empty box back to you, keeping both the item and the money once it’s refunded.

5. Buyer Claims Non-Receipt

Experienced scammers might exploit sellers who are unaware of the additional burden of proof needed for high-value items. They claim the item was not received, demand a refund, and make off with the expensive item. PayPal Seller Protection requires proof of item delivery, including signature delivery proof for high-value items.

6. Broken Replica Scam

A buyer purchases your item, and after payment is confirmed, you promptly ship it. However, the buyer accuses you of sending a damaged item, even providing photos. Unbeknownst to you, the item they claim is damaged is a replica. They report it to eBay as damaged, get a refund, and you’re left without both your item and the payment.

7. Unjustified Chargeback

Exploiting the buyer-favoring nature of transaction platforms, scammers can cancel a transaction by contacting the payment provider after completing the purchase. They can easily claim suspicion or a problem, resulting in a chargeback. This leads to money being recovered from you and additional chargeback fees.

8. Feedback Extortion

Understanding the significance of building an online reputation on eBay, scammers might purchase from you and then demand additional payment through private channels, threatening negative feedback if you don’t comply. As completed feedback cannot be disputed, this puts sellers in a position where they may feel compelled to agree to avoid harm to their account’s reputation.

Also Read: Does PayPal Refund Money if Scammed? Full Guide

While eBay offers a platform for safe purchases, buyers should remain on guard to avoid potential scams. You should exercise caution, verify sellers, and prioritize secure payment methods for a secure online shopping experience.

Source: eBay Security Center

The post How to Avoid eBay Buyer Scam appeared first on Moneymint.

51 Best Side Business Ideas in India for Extra Earnings

Side businesses provide opportunities to explore diverse industries and leverage personal skills and interests. With the growth of technology and the increasing availability of online platforms, starting a side business has become more accessible than ever before. Let us begin our list.

1. Affiliate Marketing

One of the most trending side hustles that one can start without investment. All you need to do is sell or market other people’s products or services, and in return, you get a commission for every article you sell. There are numerous companies that are looking for affiliate marketers to run their businesses, to increase sales.

The best thing is that you can join any affiliate network for free and start sharing the deals; plus, the highlighting part is that you need not maintain any inventory; the company does all this. You just need to get the sales, take the payment, and the affiliate partner does the rest.

2. Online Tutoring

This is another business that can be started without any investment. All you need is expertise in any subject. There are numerous platforms worldwide that are looking for online tutors; thus, if you have expertise in any subject matter, you can register with any of the online teaching apps and begin your teaching career.

To become an online tutor, you need a computer and an internet connection. Furthermore, you can start this work at home at your convenience. The income will vary depending on your experience and the class you teach, but all in all, it is a great way of making money.

3. Content Writing

If you love writing and are well-versed in English, you can start a content writing business. The role of content marketers is to create informative and entertaining content that can help companies market their goods and services.

As the world is shifting to e-commerce and digitalization, the company of every size needs content to draw in more customers. Hence, the demand for content writing has been increasing tremendously over the last couple of years.

To become a content writer, one needs to have the ability to understand the subject in-depth, do the required research, and create content that is well-suited as per search engines.

4. Pet Sitting

If you are a pet lover, this can be a great side business idea for you, where you can earn a good amount of money every month. To begin a pet-sitting business, you need to have a big space to keep pets, some pet toys, and pet houses to keep them separately if required.

Thus, you might need a small investment to start a pet-sitting business. Keep in mind that this business is especially for people who love animals, as not everyone can handle and take care of pets in the right way. There are various platforms as well where you can register and get customers; in return, you just need to pay a small commission.

5. Dropshipping

This is one of the best side business ideas from home that requires no investment. Let us understand how dropshipping works. You need to take orders, and the merchant ships the product for you. Thus, it is just an order-fulfillment process that does not require you to keep an inventory of the products you are selling.

Your role is to make sales and pass the order to the supplier. You can make a profit by taking the price between the suppliers and the selling price. The best part is that you can start without any investment, as you can market and sell the products on social media platforms or any other marketing channel.

Cross-reference: How To Start A Dropshipping Business In 6 Simple Steps

6. Graphic Designer

You can also start with a graphic design business as it’s in huge demand these days. The reason behind the high demand for graphic designers is that visuals are more effective in every field; thus, everyone wants good designs. The major work of graphic designers is to design websites and print layouts for a company. You require a little bit of technical knowledge to become a graphic designer. For this, you can take a short course.

To start a graphic design business, you need a small investment to buy photo editing software and to promote your business through paid social media services. It is a growing business, all you need to do is ensure that the graphics you create are unique and attractive and leave an impact on the customers.

7. Digital Marketing

Businesses nowadays are moving from physical to digital, thus, numerous opportunities are available in the digital marketing sector. It has become one of the most trending businesses in 2023, as every company that needs to take its company online needs digital marketers. The major role of digital marketers is to help increase conversions and create engagement with clients.

There are various sub-divisions in digital marketing, such as content marketing, SEO, social media marketing, YouTube video marketing, etc. You can even select one of them and start your business, and as your client base and demand increase, you can also provide other services.

8. Online Gift Shop

One of the best side business ideas in India is to start s customized gifting store online. You can create different kinds of gifts as per customers’ demand, such as cards, photo frames, handicrafts, key chains, etc. Starting this business does not require much investment as you just need some raw materials and can purchase more stuff per the customers’ demand. To start this business, you must create your own website and promote it well to get more customers.

9. Baking

This can be one of the best side business ideas for ladies who love cooking or baking. You can start this business from your home kitchen, sell your products to the local bakery, or create your own website. Once you see the demand for your products increasing, you can start your commercial kitchen later. It is one of the best low-investment business ideas with high profits.

The demand for freshly baked cookies, cakes, and biscuits has increased tremendously over the years, making it one of the most lucrative businesses these days. To increase your business and retain existing customers, you must use high-quality ingredients and have an excellent presentation. To start this business, you would need to invest in the raw material required and purchase an oven.

10. Stock Photography

You can start a stock photography business if you are good at photography. It is a perfect job for people who wish to work from home at their convenience. All you need to do is click some good pictures and instead of saving them on your computer, upload them or sell them to stock photography sites.

Visitors on that website who like your work will be able to purchase or use that picture from the website, and you get paid for that. You can sell your pictures at various sites like Shutterstock, Adobe Stock, etc. These sites usually pay a royalty for every download done on their platform.

Cross-reference: A woman who travels the world taking stock photos tells us how you can make $7,000 from a single image

11. Create an App

App developers are in high demand these days, making it one of the best side business ideas in India. If you have knowledge of coding and making apps, this can be the best profession for you, or you can take a short course to learn how to make apps. It is one of the most profitable side businesses, as many companies need an app these days.

The cost of starting this business has reduced immensely in the last couple of years because of the growth of tools and affordable developers. In fact, if you have an idea, you can start your own app as well. But, to start your own app, you will need to spend a lot of time developing, testing, doing market research, and marketing the app. Once you are able to transform this app into a real business, you will be able to make a good amount of money from it.

12. Sell Handcrafted and Homemade Goods

If you are good at making homemade or handcrafted goods, you can start this as a side business. It is a skill-based business in which you need to create products and sell them online or to a local dealer. Initially, you can start this business at a small level and expand as your product’s demand increases.

You need very little investment in this business. The major investment is of time, as every product should be unique and close to perfect. This can be a very profitable business these days as the demand for these products has increased significantly over the years. In fact, you can also purchase handcrafted items from the market at a cheaper rate and sell them at a good price on your website.

13. Virtual Assistant

You can become a virtual assistant if you have good organizational skills and can multitask. The main role of a virtual assistant is to manage the administrative work of the company or an individual. Some of the work roles include booking flights and hotels, scheduling meetings, responding to emails, attending calls, etc.

The best part is that these jobs can be done sitting at home at your own convenience. All you need is a computer and a good internet connection. The salary will depend on the services you offer and the number of clients you can handle. There are a lot of platforms where you can find a job as a virtual assistant, such as PeoplePerHour, FreeUp, Virtual Assistant Jobs, and many more.

14. Teach a Language

If you know any second language, you can use it to make money. It can be a great side business as many people like learning new languages, and you can benefit from it. You can either start teaching online or coaching from home by starting an offline batch of students.

The increased demand for this business is because of a rise in international trade, for which they need people who can translate. The market has a huge demand for languages like Chinese, Russian, French, and Spanish.

15. Travel Agency

India is a major tourist destination as it has numerous things to admire and watch, such as different kinds of architecture, palaces, monuments, languages, and much more. Starting a travel agency requires much less investment, but you should have good geographical knowledge to start this business.

People these days love traveling and need assistance in doing hotel and flight bookings. As a travel agent, your role would be to arrange a tour, do the bookings, and recommend to clients about the best places to visit in the city they are visiting. You can start as a small travel agency and expand as the client base increases.

Cross-reference: 5 Successful Tips To Start A Travel Business In India

16. Courier Services

It is one of the best side business ideas in India as the income is pretty good. Courier services are essential as almost every business needs these services to send products from one city to another. You can initially start as a small company and later expand as the business increases.

As a courier service company, your role would be to deliver packages, messages, and sometimes products from one city or state to another. As a courier service company, you need to take care of a few things, such as the safety of packages, speed, and a good tracking method. You can start this business by renting a small space so that people needing courier service can visit your office directly.

17. Event Planner

If you possess good organizational skills and love planning events, why not make it a business and earn money? The event planning business has a huge opportunity, and the profits are also pretty good. You can start this as a side business and plan weddings, corporate events, webinars, concerts, birthday parties, etc.

The price ranges as per the event for a webinar, you might get less money but can make good money by planning a wedding. You can offer complete packages for the event, such as renting the hall, lighting, music, decoration, etc., to earn huge profits.

18. Social Media Manager

The demand for social media marketing is increasing tremendously, making it a popular side business idea in India. In today’s time, almost every business, brand, professional, and celebrity use social media platforms to promote their products or to interact with their clients. Thus, they need people who can handle their social media accounts as they do not have much time or expertise to do that, and this is where the social media manager comes into the picture.

As a social media manager, you need to use your expertise to assist businesses or people in scaling up their business and increasing conversions. To do this, you will have to post content regularly and publish ads and various promotional offers frequently on their social media platforms.

19. Proofreader

You can also become a proofreader if you have an eye for detail and good command of the English language. The role of a proofreader is to check the document for errors, such as grammar, spelling, sentence formation, etc. You can also start a proofreading business online; you can either make your own clients or apply as a proofreader on platforms like Upwork, Fiverr, etc.

You can fix your charges and provide your services in the form of a package for editing and proofreading. As a proofreader, you need to give honest feedback to clients so they can publish the right content on their websites. It is one of the best side business ideas you can start as it can be done sitting at home, plus the income is also pretty good.

20. Babysitting

If you love kids and spending time with them, why not make it a business by opening a crèche or providing babysitting services? There are a lot of couples these days who are out of the house because of their jobs and are unable to take care of their child. They need people who can look after them when they are out.

You can take advantage of this opportunity and start a babysitting business, initially, you can start from your home and later scale up the business as the number of kids increases. This is a great business requiring a very small investment, as you might need to buy toys, chairs, tables, blackboards, etc., for kids.

Cross-reference: Child Care Industry a Boon for Indian Working Women

21. Buy and Sell Domain Names

Domain flipping is a lucrative home-based business idea that is currently trending. By purchasing domain names and selling them later, you can generate substantial profits. However, it requires patience, time, and initial investment. Given the competitive nature of the industry, thorough research is crucial before investing in any domain name.

22. Print on Demand

This is yet another exciting business for creative people. In this business, you need to sell your own custom designs; you can get these designs printed on t-shirts, mugs, calendars, cases, cushion covers, etc. You can print designs and sell them online or offline or collaborate with a third-party supplier to print them and ship them for you.

This is a great business idea as you do not have to invest much, plus the income is also good, and the risk is minimal.

23. Pet Sitting

Starting your pet-sitting business can be great if you love animals and spend time with them. To start this business, you will need some basic knowledge of animal care and some tools and toys for pets. The demand for pet sitters has increased significantly over the years, as when people go out for a vacation or outstation, they need people who can take care of their pets.

The price you charge will depend on the services you offer, but overall it is a profitable business.

24. Scented Candles and Incense Sticks

This is an excellent side business ideas for ladies as it can be started from home and can be done online. This business has great demand as incense sticks are daily-used products in India. In fact, the demand for scented candles has also increased significantly in the last couple of years. Thus, if you have a fair idea of making scented candles and incense sticks, you can start your business sitting at home.

In fact, there are various training centers where you can take a course on making different types of candles and then start your business. You can either create your own website or can sell the candles to local vendors.

25. Online Bookkeeping

With the increased digitalization, bookkeeping has also shifted from paper to online. Many businesses look for people who can manage their accounts. So, if you are into bookkeeping and looking for options, this can be a great business idea for you. Online bookkeeping can be done sitting at home at your own convenience.

Accounting software has become simple, and numerous online tools have made bookkeeping easier than ever before. All you need is a laptop, software, and a good internet connection to start this business.

Cross-reference: Is accounting a good occupation to choose in the coming year?

26. Housekeeping

This can be a perfect business idea for you if you seek a more traditional side business idea. Everyone likes clean homes, but not everyone has time to maintain them. Thus, they look for people who can do it for them. You can start a housekeeping business where you can send household help to people who require it and get paid for it. All you need to do is target the right audience to succeed in this business.

This can be a great business idea for stay-at-home moms or anyone looking to make money from a side business. You can charge the money as per the size of the space and the amount of work required.

27. Fitness Center

Staying fit has become almost everyone’s priority nowadays as people want to be physically fit. Many people have sedentary jobs, hence, they prefer joining fitness centers to stay fit and do some regular exercises. The demand for gyms and fitness centers has increased over a couple of years as a large number of people are joining them.

If you are a fitness freak and can train people, this can be a great side business for you. This business requires a lot of investment as you will have to rent a huge space plus purchase a lot of gym equipment and machines. If you do not want to spend so much money, you can start by becoming a fitness trainer and providing online classes.

28. YouTube Channel

This is a trending business idea that does not require any investment. All you need is a good idea to start your channel. You can start a YouTube channel on any niche that you like, such as cooking, dancing, reviews, makeup tutorials, fitness, comedy, etc. YouTube is the second largest search engine after Google and has more than 200 crore users, and this number is increasing every day.

To make money from YouTube, all you need is to create good videos and post them on YouTube. They pay you after 1000 views. The best thing is that you can start a channel sitting at home and it does not require any investment.

29. Makeup Artist

This can be a great profession if you have the skills and love doing makeup. This can be a nice business idea in India, as people here love beautifying themselves. In fact, to promote your work, you can make video tutorials and upload them on YouTube.

The investment in this business is not that high. You can initially start from your home or as a freelancer, and as the clientage increases, you can expand your business.

The returns are pretty good in this business. Therefore, if you have the right skills, it can be one of the best side businesses.

30. Men’s Clothes Store

The apparel industry is growing significantly worldwide, and the men’s apparel industry is among it. This is the perfect side business for you if you have the right clothing knowledge and a great fashion sense. You can either start this business online or can also start an offline store as well.

To make your business successful, it is important for you to sell high-quality clothes and stay updated with the latest trends.

Cross-reference: A paradigm shift in the Indian fashion industry

31. Translation

If you are fluent in multiple languages and don’t want to spend time teaching, you can become a translator. You can consider starting a small business where you can monetize your skills. The demand for translators is quite high and is expected to rise over the coming years because of the increased trade between countries.

A lot of businesses require translators when they trade internationally in different languages to create marketing materials, for negotiation, to create a website, etc. Thus, it is a low-investment business with huge profits.

32. WordPress Developer

If you are looking for the best side business ideas from home, this can be the perfect choice for you. One of the most popular options in website creation is WordPress, which is used by millions of countries worldwide. Because of its increased usage, the market for WordPress developers is pretty high. As a WordPress developer, you can work for big WordPress brands or can also commence your own development firm.

To become a WordPress developer, you need to familiarize yourself with WordPress, should learn at least one programming language, and become a member of the WordPress community.

33. Women’s Products and Accessories Shop

Women use a lot of accessories and products worldwide, making it a huge market. It can be a great business for you if you have good knowledge about these products and a great fashion sense.

It is a vast market, and to succeed, you must stay updated with the latest trends. You can start an online business by creating a website or a page on Instagram or starting an offline store.

This business would require a lot of investment as you will have to purchase the stock, but the profits are also pretty good.

34. Grocery shop and General Store

This is a great side business idea as everyone needs grocery items, and the demand for these items is always there. You can open a grocery store, and along with that, you can also see other items as well, such as personal care, daily use products, and much more.

The major thing you should keep in mind is opening the store in the right location, it requires a lot of research. To become successful in this business, it is important for you to keep good quality products and maintain good relations with your customers.

35. Instagram Influencer

If you have a good follower base, becoming an Instagram influencer can be a great side business option. All you need to do is create videos and post pictures on any niche, such as clothing, makeup, travel, cooking, etc. The more views, the more money you will be able to make.

Instagram influencers make money through affiliate marketing, ads, promoting different products, etc. It is a nice way of making huge money sitting at home.

Cross-reference: The Shopping Tech That Helps Influencers Make Money

36. Freelance Photography

If photography is your passion, you can use it to make money. You can start a freelance photography business wherein you can take the projects on weekends or after your work hours.

You can take photos for business events, birthday parties, portfolio shoots, or any small get-together. To start this business, it is important for you to have a good camera, a computer, the right software, and an internet connection.

37. Flower Business

This is one of the best side business ideas in India, as it has a huge market. Flowers are required for decoration during marriage, events, ceremonies, festivals, and other celebrations. This can be a perfect business for you if you own land, as you can cultivate your own flowers and sell them to the dealers. If not, you can become the middleman, take the flowers from farmers and sell them to the retail market.

38. Real Estate Agent

This is yet another trending business, especially after the boom in the real estate market. If you wish to start this business, you must know about property rates and taxes. As a real estate agent, you become the middleman between the buyer and seller of the property.

You get a commission as the deal gets finalized, the property rates are pretty high, so even a little commission can help make good money. To become a real estate agent, it is essential for you to have a valid license.

39. Driver

You can become a driver in any car renting company, such as Ola, Uber, Lyft, etc. You can drive cabs on the weekend or after your office hours. To become a cab driver, you need to have a valid driving license, and there should be no criminal background. The best part about this job is that you can schedule your own time as per your availability.

40. Yoga Instructor

Yoga has gained a lot of popularity among health enthusiasts these days. If you have knowledge of yoga and associated asanas, this can be a great side business for you. You can start a batch at home or give online classes in your free time or on weekends. Remember, to become a yoga instructor; you need to know everything about yoga properly.

Cross-reference: How a career in yoga will help you make money

41. Ladies Clothing Shop

Starting a ladies’ boutique is profitable if you can fetch a good clientage. Ladies’ clothing is a massive industry comprising a range of clothing items and fabrics. Once you know your target audience by defining the age group you are making clothes for and the type of clothes you want to sell (casual, formal, or semi-formal), you can make this side business your primary one.

42. Electronic Franchise Store

Struggling to find a sought-after plan to take an edge over the competition? Then, why not establish an electronic franchise shop as a side hustle and boost your income?

Setting up a franchise store rather than opening a local electronics shop is preferred as you do not need to build brand credibility. Additionally, studies have revealed that the franchisee business’s success rate is more than 95% compared to the success rate of startups, which is 15%.

There are speedy advancement technologies, and the electronics sector is upgrading at a fast pace. Therefore, the electronics business is profitable.

43. PR Consulting

PR consultant enables clients to build successful relationships with their prospects. You can establish your career goals and pursue your ambition by learning more about the career of PR consulting.

Simultaneously, it can be an incredible side hustle that can increase your income. All you need to do is make great use of your learnings and skills and make money by charging a handsome amount for sharing your expertise with others. Furthermore, working as a PR consultant also widen your network, and help you make influential contacts such as public influencers and journalists.

44. Mobile Retail Shop

Are you thinking of a side business idea with a decent income? You can make your dream come true by setting up a mobile retail shop, as a mobile business is one of the booming businesses worldwide.

The mobile business offers a lot of flexibility and convenience. It is one business where you can get a lot of customers in a day and incur a lot of revenue as the demand for mobile phones is consistently increasing. An excellent-performing mobile shop makes an average of 20% net profit daily.

45. Organic Farming

Searching for a sustainable business idea that also contributes to society? Look no further than organic farming. This excellent business idea enables your customers to maintain their health by eating safe, chemical/pesticide-free food you grow.

The demand for organic food is increasing with the rise of health-conscious people, specifically in big cities. You can directly sell organic produce to consumers online and even sell it to retail outlets.

Cross-reference: This marketing professional quit his 9-5 job to start a $4mn organic farming business

46. Advertising Agency

Advertising agencies help businesses save a lot of time by increasing their brand awareness with an advertising campaign. All your clients (companies) need to do is focus on high-value activities, while you (the advertising agency) will take care of the rest.

Starting an advertising agency is a lucrative idea that has a bright future. Businesses of all sizes are hiring advertising agencies today, leading to an increase in demand. So, why not make the most of this opportunity by establishing your side business as an advertising agency?

47. Caterer Business

Unlike many other businesses, the best part about the caterer business is that it does not require high initial investments. The catering business can be enjoyable and fulfilling if you can please your clients while indulging your love for food and people. Ensuring you deliver the same what your clients ask for can make you thrive in this industry.

48. Website Flipping

This is yet another best side business ideas in India these days. Website Flipping is an excellent side business for people looking for something that can be done from home. In website flipping, one needs to purchase an already existing website, design it better, improve the content, and can sell it for a profit.

49. Paper Bag Making Business

Since plastic bags have been banned, there has been a huge demand for paper bags in the market. In fact, many people are becoming aware of environmental issues and prefer using paper bags. You can make use of this opportunity are create eco-friendly bags. You need to ensure that you provide paper bags at a relatively cheaper price to earn good money.

50. Car/Bike Washing and Detailing Service

The automobile market has gained a lot of popularity over the years in India. Car and bike users are increasing, and the need for servicing and detailing is seen. This is a huge business, and you do not need any minimum education requirements to start this business. This is a low-investment business, wherein you just need a space on rent and a few tools for cleaning and detailing of the vehicles.

Cross-reference: Why Professional Car Detailing is Lucrative Business Today

51. Driving School Business

If you are a pro at driving, this can be a great side business. A lot of people seek driving schools to learn to drive a car; you can start a school and charge a fixed fee for providing complete training. You can teach students before your office hours or at weekends.

The best side business ideas in India cater to various sectors and leverage personal skills, interests, and market demands. Whether it’s freelancing, e-commerce, specialized services, or digital marketing, there is something for everyone to embark on their entrepreneurial journey.

However, success in a side business requires careful planning, market research, and effective time management. It is crucial to understand legal and tax requirements, create a solid business plan, and continuously adapt to changing market dynamics.

The post 51 Best Side Business Ideas in India for Extra Earnings appeared first on Moneymint.

Best Etsy Shop Ideas to Turn Your Passion into Profit

Platforms like Etsy can help anyone realize their dream of running a business. There are millions of people using this platform to buy stuff while hundreds and thousands of people are on the platform to sell stuff. Even the most basic products sold on this platform can be a hit. Let us begin our list.

1. Stickers

One of the most popular products on Etsy is stickers. There are tons of design options, and they are also easy to sell. Such high is the demand for stickers that there are thousands of searches for them monthly.

You can create your design and enter any vertical or create a niche for yourself. It is one of the best possible small business ideas for Etsy which would see you make profits almost instantly.

2. Enamel Pins

Again, just like stickers, these pins have a ton of design options, however, they are less competitive products. If you have vintage pins then it is even better. You can experiment with the pin material to distinguish your product from that of others. You can even use meme templates or pop culture figures to bring in more customers.

3. Artwork

If you are good with arts and crafts or DIYs, then there is a market for people like you on this platform. One of the easy Etsy shop ideas would be to make and sell art online. There are thousands of searches for crafts like wall art.

You can use your creativity and skills to create and sell physical artwork or even digital work. You can opt to go with print-on-demand items where you would offer products such as mugs and t-shirts with unique prints.

4. Candles

One of the most popular products on a marketplace like Etsy is Candles. You can buy them from a supplier or create them at your home. There is competition for these products, and they are expensive to order in bulk, but their demand and price make the product worth it.

Thousands of searches for Candles take place every month. And you won’t just be selling them to other people but also to hotels, businesses, and other hospitality-based businesses.

5. Wood-based Goods

Just like you have digital Etsy shop ideas such as selling your artwork, stickers, and enamel pins you can also work with wood products. You can replace the old wood and make something useful out of it, which can then be sold on Etsy.

From trays to shelves to furniture – the scope is huge. What’s more is that you again get to show your talent here.

Cross-reference: The wood-products industry is undergoing root-and-branch change

6. Jewelry

Jewelry is easily one of the most popular products on Etsy. There are thousands of searches for the same and they are very small and easy to ship as well, which makes them a good product to sell.

There are millions of results for Etsy jewelry and yet the market is open to new players. If you are looking to make a good amount of money in a short time, then you should consider selling jewelry on Etsy.

7. Clothes

One of the best Etsy shop ideas would be to deal in clothing. You can create your clothes or get them from a supplier. Thousands of people are looking for customized as well as basic t-shirts and other wearables on such e-commerce platforms. You can add your unique prints to plain t-shirts and create a brand or cater to a particular niche.

8. Handmade Clay Goods

Art and crafts are okay but there are more ways to show your creativity. If you have pottery skills and can build clay goods then you may want to consider creating pots, bowls, and other such items.

Handmade clay goods may not sound like a very good idea but the demand for the same is huge on such platforms. There are quite a few sellers on the platform that deal in these products, and you can join them too.

9. Curated Boxes

If you are into trends, then you must know just how popular bundled brand boxes are. Based on a theme, these boxes bundle various pieces from a brand and can be used for gifting purposes.

You can change the design as per the need of the customer and they can be used to carry any products ranging from skincare products to clothes and accessories.

10. Baby Products

Baby products are always a popular segment no matter what platform you talk about. If you want customers coming back, then this is one of the best Etsy shop ideas you could opt for.

There are thousands of searches every month for baby products, and so if you can get a sizable inventory of these products, then you must seriously co sides selling these products online. From clothing to toys to skincare products, the number of options available to you is huge.

Cross-reference: Global Baby Care Products Market Poised for Strong Growth

11. Customized Goods

Who doesn’t like goods that are personalized? If you can offer products that can cater to the varying needs of different people, then you have already got a successful business idea. You don’t necessarily have to print names and photos on towels or necklaces.

You can go beyond the regular and think of unique ideas where you customize goods that not many would have thought of. You can also offer a digital experience to your customers who can then customize the products that they wish.

12. Skincare Products

If you want to make good money then selling skincare products on platforms like Etsy, Shopify, etc. can be a very good idea to pursue. Not only is the consumer demand for such products great but also it is easy to ship and make huge profits. The skincare product industry itself is a growing industry and the age base you can cover ranges from kids to grownup and old age people.

13. Pet Accessories

Pet products have to be one of the best small business ideas for Etsy sellers. This is a growing industry that sees not only millions of searches but also has a hundred-billion-dollar market just in the US.

The range of products is also good as you can sell collars, treats, clothes, homes, toys, and more for pets. There might be a lot of competition in this industry but there is also room for new players.

14. Plants

Most people have plants at their homes and they all must be buying them from somewhere. You could be that person who sells plants on a platform like Etsy since it is a very good business idea. This is a viable business idea that sees a lot of demand throughout the year. Plants also make for a good gift especially when we talk about succulent or decorative plants and so they make for a good product that you can consider selling online.

15. Print-on-demand Products

If you are looking for digital Etsy shop ideas that require zero investment, then you may want to consider selling print-on-demand products/services. You don’t even have to take part in the business actively as you can just upload your designs. When there are orders they can be taken care of by the platform. Shirts, mugs, pillows, etc., are the list of products that you deal in can go on and on.

Cross-reference: How To Start An Etsy Shop: Ready To Sell In 9 Easy Steps

16. Home Appliances

One good business idea would be to sell home appliances on Etsy. The product can be purchased from a supplier or even outsourced. Thousands of people are looking for items like furniture, decor material, and more every month. It might be difficult to ship these products but the profit you can make from this idea is too good to not consider.

Even though there are a lot of sellers selling these products on the platform you can always enter the market and get a good chunk of share in it due to the huge demand.

17. Notebooks

Selling notebooks on Etsy offers a creative and profitable opportunity for artisans and stationery enthusiasts. With a wide range of designs, customization options, and a global marketplace, Etsy provides a platform to showcase and sell unique notebooks to a diverse customer base.

Whether you specialize in handcrafted notebooks, personalized designs, or themed collections, tapping into the growing demand for stationery products can turn your passion into a successful online business.

18. Phone Cases

If you are looking for a popular product that you can sell for good money, then you should consider selling phone cases. They are easy to supply, customize and ship. There are a lot of ways you could create a demand for your products.

You can always go for unique designs and better materials to distinguish your product from that of others. You can also set up a print-on-demand model for phone covers where different designs can be printed on phone covers for selling online.

19. Digital Products

A good small business idea for Etsy could also be to sell digital products. Digital products are currently very popular and trending – which is why they have thousands of searches on platforms like Etsy.

You could create wallpapers, screensavers, business cards, wedding invitations, and whatnot. That’s not it there is no limit to what niche you cater to or what idea you implement – there are thousands of products that you can work with. If you do end up entering this industry, then you could provide services to varying businesses and make good money for the same.

20. Vintage Products

We all have some or other item lying around in our homes. What if we told you these used or old goods can come of some use by using them for Etsy shop ideas? You don’t even have to be creative with them, you just need to check whether the old item has any value or is still in usable condition.

You can sell furniture, clothes, toys, home goods, and whatnot. As long as the product is valuable or usable, there is no limit to what you can sell if you opt to go ahead with this idea.

Starting an Etsy shop using proper Etsy shop ideas allows individuals to unleash their creativity, build a brand, and generate income doing what they love. With dedication, quality products, effective marketing strategies, and a commitment to customer satisfaction, Etsy shop owners have the potential to thrive and achieve their entrepreneurial dreams.

The post Best Etsy Shop Ideas to Turn Your Passion into Profit appeared first on Moneymint.

Examples of Successful Mergers and Acquisitions

The Sirius – XM merger

During the 2000s, Sirius and XM struggled as opponents to control the satellite radio markets. Later, in 2007, they decided to amalgamate their powers so they could provide more entertainment options to their customers (and to be honest, to eliminate each other’s greatest competitors so that they can have total domination over satellite radio market)

A big problem arose for the merger when the FCC informed the companies that their respective licenses wouldn’t allow them to transform into one company. A year passed in filing paperwork and waiting. After which the two companies received a barrier that almost forced them to repudiate their agreement.

For Sirius and XM, it took much time to gain approval. Yet eventually, the FCC allowed. Nevertheless, Sirius XM is a relatively new company, and it has provided more options to subscribers. It makes it a success story.

The Disney – Pixar merger

Few mergers across the world have brought more happiness to people like that of Disney and Pixar.

Before the merger was implemented, Disney worked as Pixar’s distributor. Pixar created the movies, and Disney’s work was to ensure that they move into the hands of children and adults worldwide.

When the distribution contract came near to end, that time, neither Pixar nor Disney wanted to be apart. Both the companies observed that instead of working separately, they could benefit most by working together. This lead to a flood of animated movies in the market, including WALL-E, Up, and Bolt. After the merger, Pixar identified that it had adequate money and workforce to release two movies a year. Without Disney’s help, that wasn’t proved true. For all those who adore Pixar movies perceive this merger as a big success.

The Exxon – Mobil merger

Exxon and Mobil existed as two wholly separate oil companies until 1999. They joined forces to form one of the greatest mergers in history in 1999. Exxon-Mobil got unmatched reach in the fossil fuels market due to this 81 billion dollar agreement. The merger agreement was such great that the FTC called for a realignment of the gas stations owned by these companies. The FTC worried that, without this realignment, the merged company would constitute a monopoly.

How successful was this merger? In 2008, the resultant company earned over $11 billion in one quarter. Not the full year; just one quarter!

Presently, it’s among the largest publicly held companies in the oil and gas sector in the world. Considering the numbers, it is evident that this is a greatly successful merger.

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However, Mergers don’t work every time. Different companies have different philosophies that sometimes make it impossible for them to amalgamate their powers, even when such would benefit them. The above examples show that some mergers and acquisitions can work exceptionally well. During these mergers and acquisitions, corporate lawyers play a significant role. They are those facilitators who take the responsibility to accomplish all the paper works and look towards the possibilities favoring such deals, under the law.

The post Examples of Successful Mergers and Acquisitions appeared first on Moneymint.

A home based business is an excellent option for homemakers or moms as they can work as per their comfort and flexibility and earn a decent amount of money every month. Because of the help of the internet, online business for women has skyrocketed. Now, they have the opportunity to earn big and become successful on their own terms.

The best thing about a home based business is that you can start them with low investment and work as per your availability. There are a plethora of options available nowadays; it solely depends on what you choose as per your interest.

Why do people search for small home based business ideas for housewives?

There are countless reasons why people these days are looking for small home based business ideas for housewives. Below we have mentioned some of the significant logics behind its high demand and research-

• Increased population- There is an increase in population, but the job opportunities are limited, especially when high-paying jobs are finite. Thus, because of this reason, people seek home based business and explicitly homemakers who used to stay at home and rely on their husband’s salary. As the expenses are increasing, it has become difficult to survive from a single income source; therefore, starting any sort of home based business can be of great help.
• Awareness of education- One of the other good things that have happened in the last couple of years is that education awareness has improved. Parents are sending their children to school, even girl child as well, because of which women even after marriage seek career opportunities. What can be better than starting your own business from home as there are complete flexibility and convenience?
• Outsourcing- The trend of outsourcing work has increased over a couple of years. There are many companies who outsource their small work as they want to focus on the more significant elements. Hence, this gives an opportunity to the housewives as they can opt for such jobs as data entry, typing, looking into accounts, etc.
• Comfort- Another valid reason is that it is very comfortable and convenient for homemakers to start a home based business to take care of their kids and family along with their work.

30 Best Home Based Business Ideas for Housewives & Moms

Several housewives and home moms seek opportunities in which they can work from home without having to leave their kids at home or with maids. There are various resources available, but a lot of them are fake or scam. Hence, the business or work you opt for must be genuine and get paid for it.

Here are some of the best and genuine home based business ideas for housewives:

1. Daycare center

It is a center or type of place created for early childhood care and preschool education services for small kids of an age group of 1-6 years. If you love kids, then this is one of the best home based business ideas for housewives and moms. These days a lot of parents are career-oriented, and they leave their child at a daycare center while they go out for work.

There are a few prerequisites for opening a daycare center; you would need a small playing area, sleeping area, kitchen, security for kids, proper sanitation, good food and water, medical aid, sports material, and ECCE certified staff.

Mostly, house moms or housewives have experience of handling kids; hence, this can be a great option for them. This business is not that tough, although it needs full vigilance. The investment required for a start-up would be around Rs. 50, 000 to Rs. 1, 00,000.

2. Catering Service

If you are a pro in cooking, then why not start your own catering business. You would need some marketing to start this business, but this can be a great opportunity for you if you have a passion for cooking. Hence, you can turn your everyday cooking into a full-time professional business in which you can earn a handsome amount of money.

This business offers you a lot of flexibility as you can decide on the slot when you can deliver food. Also, you can cook this food along with the food you prepare for your home. Initially, you can start this business on a small scale by taking local orders, and as per the demand, you can provide it in social gatherings, corporate events, get together, etc.

Nowadays, people do not have time to cook for so many people at home; hence they prefer catering service and mainly home-cooked food. You can be a full-time caterer or can offer your services as per festivals. The capital required for this business is around Rs.10,000 – Rs.25,000.

3. Candle Making

Small business for house moms can include candle making business as well. In the 70s and 80s, candles were used as there was no electricity. However, people still use candles even today for various purposes such as decoration, in parties, functions, festivals like Diwali, and even for religious purposes.

Candle making is really easy but can help you earn a decent amount of money. If you do not know how to make candles, you can either take classes or learn by checking videos online. In fact, you can take help from your family members or kids while making candles as it would make them happy too.

The investment required in this business is of Rs. 5,000- Rs. 10, 000 but you can earn Rs.1000 every day if you make good clients and have good demand for them in the market.

4. Wedding planner

You can also become a wedding planner if you like managing events and have adequate contacts. You do not need any training or professional degree to become a wedding planner. Wedding is an auspicious moment, and everyone wants to make this day the best day of their life.

If you think you have those skills and you can manage catering, lighting, decoration, transport, picking a venue, attire, and other such activities, then this can be a good option to consider. For becoming a successful wedding coordinator, you would need a good team and a business license.

The initial investment would be of minimum Rs. 50,000 and the profits would vary as per the wedding budget and clients you get. This can be the right choice for housewives as this is a seasonal business; hence they would not have to be occupied all round the year.

5. Hand-made craft business

If you are creative, you can start a hand-made craft business. Your creative knowledge can help you earn ample money as there is a massive demand for unique home décor things and people are ready to pay a fair amount for the pieces.

You would not need much investment for this business; all you need to do is spare some time, and the rest is your hard work. For starting this business, you would need watercolours, chemical colours, and oil colours to give them a better colour and design. Various things that you can choose from painting, making products of plaster of Paris, sculpturing, woodworking, etc.

Another significant aspect required in this business is marketing; you can either sell the products online or sell them to local stores or display them in exhibitions.

Also Read: How To Start Transport Business In India

6. Teaching instrumental music

This can be a great home based business, but it is essential for you to have proper knowledge about the instrument you wish to teach. If you are passionate and musically talented, then you can start taking classes from your home.

There are many parents who want their children to participate in extracurricular activities like playing an instrument as it can become a profession. Initially, you can start by taking classes in your locality and then expand as per the response.

These days, your videos get viral quickly through YouTube so that you can upload some of your videos there, and if people like your skills, you can even start online classes as they have become a trend and need of the hour. There is no investment required for this business, you would just need an instrument, and you are good to go.

7. Professional Photographer

Do not consider yourself an excellent photographer if you are good at taking selfies. Professional photography is more than that; if you have a passion for it and want to pursue it seriously, then only go for this business.

This business has recently flourished a lot because of various reasons, like online businesses looking for professional photographers for their websites and blog. If you have unique photographs, then various ad agencies are ready to pay a fair amount for that.

If you already have knowledge about photography then well and good but if you are an amateur, then it is recommended to take some training before starting.

For this home based business, you would need a professional camera and lenses; therefore, the investment would be around Rs. 70,000, rest it depends on how much more you can spend as it requires professional lights as well.

8. Offline and Online tutoring

Education has become a requirement in today’s time, and as time is changing literacy rate has also increased globally. This can be a fantastic option for housewives if they are qualified and skilled as they can use their academic knowledge by giving offline or online tuitions.

If you are highly qualified, then you can give coaching for professional courses and earn a good amount of money. But if you have a basic qualification, then you can take classes accordingly.

You can either open a small coaching institute at home if you have space or you can also start online classes. You also have an option of recording the sessions and send them to students if they are not present. This business requires no or very minimal investment, but the income is really good.

9. Beauty Parlor

Mostly women, love make-up and things related to beauty. If you also have an interest in making others look pretty by your skills, then this can be a nice home based business idea for the housewives. For starting this business, you would need a plan as firstly you would have to take specialized classes of 3 to 6 months, which is usually expensive.

Secondly, you would have to buy a good quality beauty product, and you would also require a commercial space to open a parlour. Plus, you would need a nice interior license as well. Hence, the investment would be more than Rs. 70,000 but the profits are also big in this business.

The best thing about this business is that if you are good at your services, then your customers would always stick to you, plus you will get good referrals.

10. Interior Designing

This can be an ideal business for people who are passionate about artwork, design, and home decoration. You can turn this passion into a career in interior designing and earn a fair amount of money.

But, for this home based business, you would have to get a professional degree.  You can also opt for an internship or work with a reputable company to gain practical experience. Practical knowledge is essential as you would have to design the interior not just for the home but for offices, restaurants, malls, hotels, etc.

This can be the best way to work from home as you can make designs sitting at home as per your convenience. You can start by working on small projects, and then as per your experience, you can begin with bigger projects. The investment in this business is low, but there is a lot of hard work and time required for designing.

11. Cake designing and making

The cake is the first thing when you think of celebrating a birthday, anniversary, wedding, farewell, or any other occasion. People love trying different types of cakes, and these days the variety of cakes is infinite. Thus, if you are interested in this area, you should take your skills seriously and professionally.

This is a low investment business as you can start this business from your home; all you need to buy is some raw material and tools. Also, you might need to take some training before pursuing this as your career. It is vital that you make a good quality cake with a different taste so that it becomes easy for you to create your own market.

In the beginning, you can start taking orders from your neighbourhood, and then later, either you can make your own clients or sell it directly to the nearby bakery. You can also create an online store and advertise to sell your creations.

12. Freelancing

Being a housewife, if you wish to work from home, then freelancing is definitely the best way to make money. It is a profitable business as there is no investment required; all you need is some time and skills. Various opportunities available for freelancing jobs are Data entry, form filling, paid to click jobs, web designing, content writing, etc.

This can be an excellent option for educated housewives or house moms as then a lot of possibilities open up. In these jobs, usually, no experience is required rest; it depends on the type of job you opt for.

Numerous websites offer online jobs, but you need to ensure that you choose an authentic website. You can easily get to know about the websites by reading the reviews and feedback. The investment in these kinds of jobs is nil; therefore, whatever you earn is your 100% profit.

13. Cooking classes

You can begin this venture from home and then expand it to a licensed facility. This is the best business for homemakers, where they can convert their passion into money.

You can choose the range as per your knowledge and passion. Initially, you can start this business from your kitchen, and if the number of students increases, you can take it to the next level. Another great idea for gaining success is by posting your cooking videos online or uploading tutorials.

The demand for this business has increased as people love cooking food, and for that, they wish to learn new recipes. The investment required in this business is just Rs.20,000 – Rs.30,000, and the expected profit is 40% or even more than that.

14. Travel Guide

If you are adventurous and fond of travelling, then becoming a travel guide can be a perfect job for you. It is the right home based business idea for housewives who like to travel and visit different places.

This business is always great for people who love traveling as they can share their experience, insights, and useful tips plus you can suggest places to visit and guide them on the best price hotels. You can either do this business online or can also open a small office at your home.

This business can give you better results if you stay at a play where there is a lot of tourism. This might be a seasonal business, but the profit margins are comparatively higher. There is very little investment required in it as if you do online, you would need a website and if you open an office, then desktop and some set up would be required.

15. Affiliate marketing

This is also a good home based business idea for housewives as there is no investment in it. In this business, companies pay you rewards for each visitor or buyer you bring them. You can earn a decent amount of money based on your performance.

You would not need any product or market for it, plus there is no physical store required. You need to hunt for some of the best selling products and promote them by using different marketing strategies. Whenever you sell a product, you get a commission for it.

All you need is a desktop, high-speed internet, and a bank account to start with this business. You can start this business by signing up for free in an affiliate marketing program. Various companies provide this opportunity, such as Amazon, Flipkart, Commission Junction, etc.

16. Business Coaching Service

Housewives who have master’s degrees or have practical administrative experience then they can also start business coaching services. Setting up this business is pretty easy as if you have space at your home, then you can do the set up there or take place at rent for starting it.

You would also need a board to write about the services and offers provided by you. This would help people know about your business plus about the discount or offers that you give would attract more students. This is a pure home based business that can help you earn a significant amount of cash.

You can either become a freelance coach, set up a physical office or provide online coaching. In this coaching, your primary role would be to empower small business owners and managers to enhance their performance in their work, personal development, and career growth.

17. Blogging

Do you possess writing skills? If yes, then you can start your own blog and earn a considerate amount of money every month. This can be an excellent home based business for housewives as they can write whenever it is feasible for them. For commencing this business, you would need basic writing skills and a niche topic to write about.

There are various topics that you can choose from as per your interest and passion such as cooking, entertainment, sports, music, education, etc. You need to ensure that whatever you are writing should be useful and entertaining so that more and more people vie your blog.

For starting this business, you require to register a domain name and buy reliable hosting and WordPress. After that, you would have to install the theme, design the blog, and then begin writing on the topic you like. Then comes one of the most important things, which is to drive traffic, but following SEO activities can help in doing that.

Also Read: How to Create a Blog with Minimum Investment

18. Language Instructor

There are a lot of people who are well versed in more than one language. If you are multi-lingual and aware of different languages, then you can earn a fair amount of money while sitting at home. Various opportunities open up if you know another language, such as opening an institute, taking online classes, or becoming a translator.

If you know any foreign language like French, German, Chinese, etc., then there are chances of earning really good money. There is a high demand for language instructors these days as people who wish to migrate to a different country want to learn a new language in a specific period.

This business’s initial investment is around Rs.20,000 for the physical set up required for the class. But you can earn more than Rs.30,000 a month if you get 5-10 students.

19. Jewelry Business

The trend for jewellery has been ongoing for ages and does not seem to end in the near future. Females love wearing jewellery, be it gold, silver, diamond, or artificial. Selling custom made jewellery can be a profitable home based business for housewives. The more diverse the designs will be, the more would be demand.

Therefore, if you know how to make beautiful jewellery pieces, then this skill can make you earn a lot of money. For this business, no setup is required; all you would need is the raw material for making them. With a little investment, you can begin this business, and as the demand increases, you can expand your business.

This can be the first choice for homemakers who are creative and loves making and designing jewellery. Setting up the market initially might be challenging, but if people like your designs, then you would earn a tremendous amount of money.

20. SEO Consulting

Since the rise of the internet and online businesses, SEO consulting demand has also increased tremendously. Numerous consultants charge more than a lakh for a month, but you need a lot of experience and expertise for that.

As per the research, it has been observed that thousands of websites are created every day, and more than half of them close or fail because of a lack of SEO knowledge. There is a huge competition between online websites, and the business ranked first in search results gets more sales.

SEO activity is done to bring the webpage first on the search engines. If you think you are an expert in this, then this can be a great home-based business for you. This can be a nice option for homemakers as there is no investment required, plus the earning potential is unlimited based on your knowledge.

21. Pet Sitting services

This has become a booming industry in the metropolitan cities as working people need a reliable place where they can leave their pets. This can be a profitable business for housewives as the investment is low, but you can earn a decent amount of money without much effort.

As a pet sitter, you would have to take care of the client’s pets while they are not at home. Homemakers can start it from home or can also go to your client’s home as per the client’s requirement. You can also offer other services like training, grooming, spa, etc.

This business’s start-up cost is very low as you would just need a space and a few types of equipment to take care of the pets. The earnings are great as you can make around Rs.30 000 a month easily if you have the right clients.

22. Dance Instructor

A lot of parents want their kids to learn dance, hence being a housewife, if you have dancing talent in you then this can be a great business choice for you. For making a side income, this can be a correct option as you just have to spare a couple of hours in a day and can earn decent money.

If you are a professional dancer, then you can also offer specialized dancing classes for the same. These days there is a huge demand for dance instructors as more and more people want to pursue dance as a career, and for that, they take the training.

There is no investment required, but the profits are relatively good. Another way of making money through dancing is by making your videos and uploading them on YouTube, the more views you get, the more you get paid, plus you would also gain popularity.

23. Fashion Designing

Almost all females love buying clothes and specifically designer clothes. Everyone wants to wear designer clothes, and if you can provide them at nominal prices, you can make a great market. Along with being a housewife, if you are interested in designing clothes, why not opt for this as your career.

Business centred around clothing and fabrics never go out of demand. The investment might be less in this business, but it needs a lot of talent, hard work, and endurance. For starting this business, you would need a room where you could design clothes. You can always begin by manufacturing clothes for your friends, family, or neighbours.

If people like your designs, then you can open your own store as well. The earning in this business is infinite as it would solely depend on your designs. If you make brilliant designs, then you can earn more than Rs.50,000 in a month.

24. Maid Organizer

The word maid brings happiness to the faces of women. In today’s time, when females are also working, they need someone who can manage their home by cleaning, cooking, taking care of kids, and do other such work.

Many people face trouble while looking for a maid as either they do not have sources or are new to the place. Being a housewife, if you have such contacts and know such maids who need work, then why not start with this business and earn an ample amount of money from it.

You can set up a board or register yourself online as a maid organizer then a lot of people would contact you. You can charge a fixed amount for cracking the deal. There is no investment required for starting this business, and whatever you earn would be 100% profit.

25. Online Data Entry

Online Data entry is a spectacular way to earn money, especially for people who want to work from home. You only require a computer or a laptop and an internet connection, and a brief familiarity with computer operations.

Today, numerous companies search for freelance online data entry operators who can perform their work and manage their data without coming to their office. Also, the companies look forward to delegating their data entry work and allot this contract to freelancers.

The scope of making money is vast from this job as it depends upon company to company you work for. Another best part about this job is that you need not require any initial investment to start up. Instead, you are expected to build up a questionnaire and make forms from a prevailing document.

Also Read: How Much Do Freelance Digital Marketers Make In India?

26. Paid-to-click jobs

One of the legitimate home based business ideas for housewives is filling Surveys to earn money. Several PTC sites are available on the internet, through which you can earn a decent amount. The best part about these jobs is that you do not entail any special skills to join these websites. The only thing you require is an internet connection and the necessary computer skills.

You can register your account for free. The only thing you need to ensure is to look out for scamming PTC websites and not fall into their trap. Because of the increased demand for these sites, many new joiners immediately sign up to the website without looking at the terms and conditions and other aspects; which is not recommended.

These sites offer you various ways of earning money, including watching ads and videos, playing games, completing online surveys, clicking ads, reading emails, and also by direct and rented referral; earning additional money by referring it to your friends, family, and acquaintances.

27. Counselling to Students or Adults

Do you have a knack for persuading and convincing people? If yes, you can start giving consultations and counselling to students of schools and colleges.

If you have prior knowledge in college finances, not only can you counsel students but also their parents so that they become aware of what all colleges should consider and how to tap into the college’s financial aid.

Suppose you think you can be the spiritual, mental, and physical healer. In that case, you can start giving consultations to adults who are suffering from mental trauma, domestic violence, financial stress, divorce, or relationship breakup. As a consultant, you can also help people suffering from mental illness such as clinical depression, post-traumatic stress order, or anxiety.

It can be a satisfying career for people who want to be change agents for others.

28. Web Designing Company

Is your mind creative? Does web designing entice you? If yes, then you can start your own home-based venture. It is not difficult to become a web designer if you have a basic knowledge of computer programming or computer science and are well-versed in using the right tools.

With the increased demands of web development, the need for web designers has seen a significant boost. According to the USA, web designing is the fourth top skill for freelancers currently.

However, if you have not prior knowledge about web designing, there are plenty, of course, available online and offline that can help you learn the basics and make you a pro within a few months.

Web designers are best-known for having the best advancement opportunities and obtaining the highest level of job security. You can always join web design communities and groups, which will help you keep an eye on coming trends.

29. Selling Home-Made Food

If you have got extraordinary cooking skills, this business idea can enable you to earn magnificently. Due to the hectic and busy lifestyle, people are always eager to eat some enticing and healthy food options.

You can start with preparing your unique selling points first as in what recipes you know the best, and contact a few hotels nearby, the start increasing the scale of your business gradually after ensuring the demand of your food in the market.

Most of the housewives make scrumptious food. There is always an extensive scope of starting Tiffin or catering services initially with a low budget. You can deliver the food with maids’ help, or if you do not have one, hire someone on a daily wage whose primary role is to deliver the food to a variety of places.

You can also boost your food delivery system with online food delivery platforms such as Swiggy, Zomato, and Ubereats. You just need to collaborate and list your services over these platforms as these food delivery giants will immensely help you get famous in places that are a bit far from your location.

30. Virtual Assistant

You must have heard about the position of assistant in the company. A virtual assistant is similar to that, but the only difference is that as a virtual assistant, you provide support from a remote location. Nowadays, people do not prefer hiring a full-time assistant but prefer hiring virtual assistants.

Being a virtual assistant, your role would be to manage activities like responding to emails, booking hotels and flights, scheduling meetings, organizing a to-do list, etc. As a housewife, this can be a good option for you as there is no investment required and your workload is also less plus you can manage the work as per your comfort. The essential prerequisites for becoming a virtual assistant are good communication skills, time & resource management skills, and problem-solving abilities.

Recommended: 20 Successful Home Based Business Ideas in India

An array of homemakers search for these home based business ideas for housewives to increase the income for maintaining a comfortable standard of life. If you are seeking such options, then this list is ideal for you to choose one as per your interests and proficiency.

The post 30 Best Home Based Business Ideas for Housewives & Moms appeared first on Moneymint.

Starting a big business requires a lot of money and involves equally high risk. On the contrary, a small scale business needs fewer funds and involved fewer risks. It is always advisable to first start with a small scale business and then expand as you generate revenue.

Starting a small scale business

Things might seem easy and simple, but when you actually implement them, then you realize how tough it is to plan even a small scale business. Don’t worry, all you need is right planning to keep the plan working as you wish.  

You should always know your budget, then calculate the fixed expenses, know how much production needs to be done initially and also add petty expenditures. Follow up regularly as per your plan so that you can make the changes instantly if anything goes off track. If you follow your list diligently, then success is not far from you. 

53 Profitable Small Scale Manufacturing Business Ideas in India

1. Coconut Oil Manufacturing

Coconut oil is used by various people to cook food. Not only is it used in kitchens; in fact, it is also used in manufacturing oil, hair tonics, soaps, cosmetics, etc. This can be a fantastic small scale business as you can start it with a small amount of capital which can be below 1 Lakh.

The primary raw material required for making coconut oil is dried coconut. If proper standards and quality is maintained, then you can sell it not only in the local market but also in the international market and earn a decent amount of money.

Its demand has increased immensely because of the growing awareness about naturally prepared oils among people. You can either start it at your home if you have vacant land or hire a small space to commence the business.

2. Soaps and Detergent Manufacturing

It is a very low investment business but is an evergreen business as people use soaps daily for bathing and washroom purpose. But, before you start this business take a small training and understand the right process of making the soap.

The primary thing required in manufacturing is the raw material, and for making the soap, we have abundant raw material which America does not have; therefore, they import the soaps from India. Hence, you have an excellent opportunity to export and expand your business.

Soap and detergent manufacturing business would need an investment of around Rs.6,00,000. You can either start this business at home if you have a spare room or take a small area on rent and place your soap manufacturing plant there.

3. Paper Manufacturing

Paper is mostly used in schools and colleges plus is also used extensively in industries for billing and recording business transactions. Paper is used in almost every industry, and it has a high demand, but its investment is not so high.

You just need to search for a commercial place where you can set up your papermaking machine. The space that you would need would depend on the paper size, quantity, and volume. Its demand has increased a lot since the ban on plastic as people have started using paper bags. The capital required to start the business would be around 1-2 lakhs.

4. Handmade Biscuits

Manufacturing cookies and biscuits can be a great business if you love cooking and baking. Various people look for new tastes when it comes to biscuits and cookies and prefer homemade biscuits over others. You can set up a small scale industry as it takes minimal capital to start this business.

It is also said to be one of the most profitable small scale business as you just need a small space, raw material, and only a few people for your help. For getting success in the bakery business, you need to take care of marketing and know the taste that your clients are looking for.

As per the demand, you can choose the products you need to make. The primary things that would be required for setup are an electric oven, grinder, mixer, and raw materials.

5. Candle & Wax product Making

It can be a great idea for a smart start as fancy candles have a lot of demand these days. People light candles not only for religious purposes but also for decoration.

If you make pretty candles with good fragrance, you can not only sell them online but can also approach the hotel industry and restaurants as they always buy scented candles for creating a pleasing ambiance. 

You would not need a lot of space to start this business; it can be created in a single room as well. The capital required for starting this business is just Rs.50, 000 if you have your own space. This business can also be done part-time by students, homemakers, or people who hate doing 9 to 5 jobs.

Also Read: Top 20 Franchise Business in India

6. Fertilizer Production

There is a high demand for fertilizers as they are essential for plant growth. Local farmers are always in need of fertilizers, pesticides, and insecticides. If you are into farming, then you would have various ideas for making fertilizers.

As India is an agricultural country and two-third of the land is used for cultivation; hence farmers need fertilizers to make the soil more fertile to increase production.

These days organic farming has become a trend because people are more and more awareness on healthy living. Thus, you can start preparing organic fertilizer with natural products; it would help you earn a lot of money from it. 

You would need a small space, or you can also start this business at home with an investment of around Rs. 50,000.

7. Papad Making

In Tamil, we call papad Appalam, it is a very tasty snack and can be an excellent home-based manufacturing business idea. Along with papad, you can also make sabudana fritters as it has a huge demand all around the year. Starting this business is very simple and requires very little workforce.

The essential thing required to start this business is a good recipe and equipment such as a gas stove, utensils, raw material, and a sheet for drying the papads. If you want to start it on a commercial basis, then you would also need packing sheets and a sealing machine.

Homemade papads can be sold easily in the local market, or you can contact any departmental store and supply them with all your production. You can start this business with just Rs.20,000 to Rs.30,000 and expand as the demand increases.

8. Cottage Butter, Paneer and Ghee

These are a few things that everyone used and prefers buying of the best quality. You might be surprised to know that India is one country that is the highest producer of milk. There are various villages in India where 5 out of 10 homes have a cow, buffalo, or goat.

But, in cities, people do not get pure ghee or paneer; therefore, they have to buy chemically made products.  Cottage butter has various health benefits, and there are very few manufacturers of it. Therefore, if you have sources, then you can start your own small scale business of producing cottage butter, paneer, and ghee.

If you make pure ghee and it tastes well, then you can earn a lot of money by selling it in the cities. This business would require a capital of around 2 lakhs as you would need to buy cattle and rent a space where you can keep them plus their feed.

9. Manufacturing Incense Sticks/Agarbatti

You would need less space, less capital for this business but have growing opportunities in this business as India is a holy country and people light incense sticks while worshipping temple or even at their homes.

India has a vast market for this business, and along with it, people also buy kumkum, oil, etc. The investment required for starting this business is just Rs.25,000, which is needed to buy bamboo sticks and oils for giving fragrance to the sticks.

The process of making it is as straightforward as you just require to coat the oil on sticks and leave it to dry for 24 hrs. Once they are dry, just pack them, label them, and they are ready to sell in the market.

Also Read: How to start a Tea Shop Business in India

10. Homemade Chocolates

Almost everyone loves chocolates, and starting this business can be great if you love making chocolates. This business does not require must investment, nor does it require a lot of marketing. People who love chocolates like trying new flavors and variants.

Nowadays, people prefer homemade products over chemically made products, and the same goes for chocolates. Homemade chocolates are healthier and even tastier, so there is a massive requirement for them in the market.

The demand increases even more during the festive season as people gift each other chocolates. You can also take orders from a pastry shop or can deliver in hotels in their bakery.

11. Automobile Parts Manufacturing

This industry is flourishing in India as all the automobile requires spare parts to assemble the units. If you become a giant in automobile manufacturing, then you can earn huge profits from it.

It is always advisable to start small in this business as it would require less capital and less labor. Once you make a market, then you can expand and convert it into a large scale unit.

This business requires high-tech machinery and a big space; hence you would need a capital of 5 to 10 lakhs for starting this business. You should focus on producing those products which are required on a regular basis as it will help avert dead stock.

12. Soda & Flavoured Drinks

There are various small scale soda and flavored industries in India, and its biggest example is Goa. There are a plethora of small enterprises there, and they sell flavored soda for just Rs.5 for a 300ml glass, and they are making good profits from it and so can you.

This business runs best in summer or at tourist places when people love drinking something cold or refreshing when they are tired. Either you can prepare these drinks at home, or you can make them through machines.

This business can be set up at a meager cost, and you can also start it at home and expand if you create a good market.

13. Furniture Making

Who does not love beautifully designed furniture? In fact, in today’s time, everyone wants a magnificent interior, and it is incomplete without the right furniture. This business has excellent growth prospects in India and has good export potential as well.

It is an indispensable item for households, schools, and even businesses as each one of us needs a table, chair, beds, sofa, etc. Hence, starting a small scale furniture business can be a great idea.

You would need a capital of 1 to 5 lakhs, but there is no such limit in this business as it depends on the quality of wood you use and the type of products you manufacture. Just like any other business if you do hard work, make good quality products, and offer great prices only then you can earn the right clients. 

14. Readymade Chapati/Parotha making

In the big cities, there are a lot of people who are staying alone and do not have time to cook or do not know how to cook, or they do not have permission to cook where they stay. Also, both the spouses work so that they can earn more and live a better life.

Therefore, because of lack of time and other facilities, people order food from the restaurants. Roti or chapatti is the primary diet for most people in India, thus, people buy readymade, or pre-packed chapatti’s from the departmental store, which is half-cooked.

You can start roti making business and sell them at a reasonable price. People would love to eat homemade chapatti/s. This business will need an investment of 2 lakhs if you buy machines for making dough and chapattis.

15. Fruit Pulp Manufacturing

In the food industry, there is always a requirement for good quality fruit pulp. In fact, there is a considerable increase in the demand for fruit sauce such as tomato sauce, jam-jelly, chili sauce, etc.

Million of rupees are spent annually for making this pulp; this wastage is because there is no advanced cold chain logistic system. The high-quality fruit pulp is in great demand, especially for seasonal fruits such as mango, tomato, strawberries, kiwi, etc., for cake, ice cream, squashes, etc.

You would need an investment of around Rs.10 Lakh as you would also need to buy a fruit pulper machine for making the pulp.

16. Frozen Fruit and Vegetables

You must have heard a lot of times that tons of fresh fruits and vegetables are wasted. But, this huge quantity of fruits and vegetables can be used by putting it in cold storage by freezing it. For example, apple can be stored, and jam can be made, tomatoes can be used to create a paste, frozen peas, etc. are all in high demand today.

If you store these in the seasonal times, then you can sell them later at high prices and earn a tremendous amount of money. These frozen fruits and vegetables are high in nutrition and have a vast demand globally. 

As of now, awareness is less; hence, the producers are less. Therefore, you can start this small scale business with less investment initially but can expand it as you get more and more clients.

17. Jewellery Making

Imitation jewellery has always been in done, firstly, because of trend and secondly because of economically weaker segments of the society. Also, women are too much fond of matching jewellery; therefore, they like buying imitation jewellery for matching.

If you want to enter this field then you need to follow the trend and use your expertise to make the youth look better. This business is gaining more and more popularity because of the increasing prices of gold, diamond, and silver.

You can design and create this jewellery and sell it online or open a small store or can also sell it to a third party store. This business needs a minimal amount of investment, and you can start this work from your home initially. 

18. Disposable Plates, Cups & Crockery

This low investment business has gained a lot of demand because of the ban on plastic lately. Hence, entering into this business of disposable crockery can be very profitable for you. 

These items are vastly used in parties, functions, picnics, and get together. People prefer buying them because they need not wash them and are very light in weight. In fact, street food vendors also use disposable plates and crockery.

In traditional times, people used to serve in banana leaves, but now the trend has changed to disposable plates and crockery. In fact, now the straws, knives, forks, and cups are also made of paper. These disposable items are pretty expensive if designed well; hence, you can try your hands in them. 

19. Hand Sanitizer Production

Along with the other businesses on the list, this one has become a must. After the current situation of Covid-19, every person is using hand sanitizers immensely. Its demand is really high as every person has more than one sanitizer. For example, one at home, one in the car, in the office, etc.

There were a lot of shops and supermarkets where it was out of stock too. Hence, you just need to learn how to make a sanitizer at home and start production. It would not take a lot of investment; you would just need the procedure, raw material, and bottles for packaging.

Therefore, starting a small scale sanitizer business can prove to be a good business idea for aspiring entrepreneurs.

20. Tempered Glass Manufacturing

This business is not going to end as every person with a mobile phone asks for tempered glass to safeguard their phone. Just like the demand for mobile phones is increasing so for tempered glass. This industry is flourishing for a couple of years now.

You would be surprised to see its growth rate as it has become one of the most profitable business ideas. There are a lot of people opting for this business because of low investment, huge potential, and high profits.  

As per the reports, 3 crores smartphones were sold, just imagine how many tempered must have been sold plus existing people also change their tempered glass. Opt for this business and earn a handsome amount of money every month.

Also Read: 30 Profit-Making Small Scale Manufacturing Business Ideas

21. Concrete Block Manufacturing Business

Concrete blocks or tiles are the precast solid cement concrete products. India has been witnessing a boom in the construction business because of both residential buildings to making of bridges, malls, or industries. 

A couple of years back, the red bricks were in trend, but now people have started using these concrete bricks because of their looks and durability. The major reason why builders use these concrete blocks is that as they are readymade, it helps them complete the projects timely.  

Nowadays, they are widely used in making a garden path, pavement, flooring, wall, etc. You can start this business by using simple machinery and raw material. Its investment is low, demand is high, and profits are enormous.

22. Mineral Water Plant

Bottled mineral water is always in demand because of its high usage in weddings, parties, hotels, etc. You can set up this mineral water plant, but it needs attention to detail as hygiene is paramount in this business.

As compared to other businesses mentioned, this would need a considerate amount of money, but it has equally high profits as well. For starting this business, you would need a good plan and strategy for marketing and sales.

The best part of this business is that the competition is comparatively low. The investment required in this business is 40-60 lakhs excluding land, but as per the research, the profits would be approximately 1.5 to 3 crores a year if things go well.

23. Spice Powder Manufacturing Business

When you talk about Indian food, the first thing that comes to mind is spices, such as turmeric, coriander powder, red chili powder, etc. Indian food relies a lot on spices. If you hold on to this field, then there is no looking back for you.

Making spices and packaging is one of the most profitable businesses as the large scale manufacturers are not able to give the local taste because they have a generic taste in their spices. 

These spices work as a tastemaker in the food, and if people love your pure and authentic taste, then you can make a great market share. Along with the spices, you can also make chicken masala, chat masala, vegetable specific masala, etc.

24. Bedspreads and Blankets Manufacturing

There are a lot of locations in India that are well-known for bed sheets and blanket manufacturing such as Panipat, Solapur, Davangere, Thiruppur, and many more names are there in the list. But, all these places are famous for making traditional bedsheets.

If you work on making good quality cotton bed sheets and warm blankets, then it would be easier for you to sell your product. This business is easy to start as you just need some workforce and the right loom machines for manufacturing. It can be slightly expensive as you would need ample land to set up the manufacturing unit.

The demand for the bedsheets and blankets never reduces as it is a household item and is used every day. The cost of manufacturing is less, but you can sell it at a fair if the quality of the product is good. You can also contact big hotels for selling your bed sheets and blankets to them.

25. Toys Manufacturing

Toys are the only thing that every kid asks for as it is their favorite item, and its demand never slows down. If you are creative and can think of some innovative designs, then it would be great as kids love using different kinds of toys.

In fact, along with the new toy ideas, you can use the old epic characters like Winnie the Pooh, Donald Duck, Mickey Mouse, etc., and create them differently. The investment in this manufacturing business is moderate, but the profits are comparatively high.

Ensure that you do proper research before entering this business as to what sort of toys are in demand? What age group would you target? Type of toys, etc.

26. Paper Bag Making

Since the government has banned polythene bags, the demand for paper bags has significantly soared. Paper bags carry bags made of paper. They are typically constructed using chemical pulp that has through the kraft process. The brown paper bags we receive from every retail establishment are the most understandable illustration. Kraft paper was used to create these paper bags. Paper gift bags and tote-style bags are other options. These are created using a range of papers that vary in terms of their texture, color, print, and quality.

Making several varieties of paper bags is a low-risk way to launch your own business. One should look into where they can purchase the craft paper that is required to produce paper bags so that they may earn a profit.

Planning is required, as are investments in labor, equipment, and land. Costs for fully automatic paper bag manufacturing equipment range from Rs. 5 lahks to Rs. 8 lahks. Depending on the manufacturing capacity, the investment cost will change. Approximately 15,000 pieces may be produced every hour using a fully automated system. However, if one wants to start an even cheaper business, then one can choose a manual paper bag-making setup. This will provide more employment but will slow down the manufacturing process.  Read on to know more about the best profitable small scale manufacturing business ideas in India.

27. Pickle Making

In India, pickles that are both sweet and sour must be served with every meal. It is good knowledge that Indian cultures eat pickles with every meal. It demonstrates that pickles’ popularity will endure forever since they tempt your taste senses and enhance the enjoyment of eating.

You may launch a small-scale pickle company from your home or, if your resources allow it, even a modest production facility. The appropriate personnel is one of the biggest requirements to launch a pickle business in India. They are the ones who will decide the taste and the machines will simply aid the production process.

Indian pickles aren’t just made with limes or mangoes. Among many others, you may discover pickles made from onion, carrot, chili, cabbage, cauliflower, garlic, ginger, and even beetroot. Non-vegetarian pickles made from mutton, shrimp, prawns, fish, and even chicken are very widely available.

One of the manufacturing enterprises in India with the lowest initial investment that is most undervalued is pickle manufacture, packing, and transportation. The initial investment for the business is around Rs. 5 to Rs. 10 lakhs depending on the size of the enterprise and the variety of pickles that you will produce.

28. Organic Soap Manufacturing

Due to chemicals, additives, and negative environmental effects, many individuals are avoiding commercially available soaps. Families throughout the nation are replacing their commercial soap with natural, handcrafted versions. As a result, there is now a need for organic soap. One of the newest profitable small scale manufacturing business ideas in India with a modest investment is handmade organic and exotic soaps.

The production of organic goods has increased dramatically during the previous several years. Therefore, you must determine your USP to make your brand stand out in the marketplace. Your brand’s USP distinguishes it from rival brands. The majority of organic product business entrepreneurs begin in their home or garage and then expands to larger offices. You may start your organic soap company from home, which can save your startup costs. You will need to concentrate on packing, branding, advertising, shipping, and other things in addition to manufacturing.

With an initial investment of between INR 1.5 and 2 lakhs, you may anticipate some exhilarating profits. You won’t have any trouble persuading prospects, which is another positive aspect.

29. Medical Supplies Manufacturing

It makes sense that India has a sizable market for medical needs. These include items used in operating rooms and clinics such as cotton swabs, gauze, and surgical gloves.

Small-scale manufacturing facilities often supply such materials in India. However, receiving approval from the Food and Drug Administration is one of the conditions to start such a small manufacturing company. This certification is necessary to confirm that your product satisfies the requirements and is secure for use in medical facilities like clinics and hospitals.

It’s interesting to note that many cotton goods, including cotton balls and earphones, are also used cosmetically. Your market’s reach is increased as a result. Additionally, you’ll be able to participate in bids for them through government and hospital-issued tenders.

30. Honey Processing

Given the advantages of honey and honey products, launching a honey processing company in India will undoubtedly be one of the successful profitable small scale manufacturing business ideas in India. Additionally, the Indian government emphasizes beekeeping and offers loans and subsidies for beekeeping in India. In recent years, beekeeping in our nation has shown to be the best agricultural industry, giving many people jobs.

You must buy the appropriate business-operating equipment before opting to launch a honey processing operation. The beehives for the honeybee colonies, as well as safety gear including beekeeping jackets, gloves, and veils, are necessities.

In reality, processing honey involves removing wax and other foreign particles. There are two approaches to setting up the processing unit; either manually operated or electrically propelled. The manufacturing procedure is straightforward and can be initiated on a small scale.

Honey is categorized as a food sector product. As a result, you must first acquire an FSSAI license if you wish to launch any kind of honey business. Additionally, you must abide by the rules of the Food Prevention Act.

31. Jute Bag Making

Jute is a naturally occurring, reasonably priced, and biodegradable material. The northeastern region of India, which includes Tripura, Assam, Manipur, Sikkim, and Arunachal Pradesh, is also a good fit for this firm. Jute fabrics outperform the majority of fabrics created from other fibers in strength, durability, lightness, colorfastness, appeal, and cost. Consequently, they make great jute bag basic materials.

Starting a jute bag-making business is a perfect choice for those who have limited capital and want to start a small-scale industry. The site you choose when launching a business to make jute bags must be carefully considered. You must set up an industrial sewing machine if you want to start a business creating jute bags. Choose the appropriate equipment for your business based on the necessary stitching pattern and manufacturing output. The production of jute bags is straightforward. You must make the appropriate designs and patterns after obtaining the basic components. Cut the jute fabric to size and design per the drawing. Then use the sewing machine to sew the cut parts together.

A small-scale automated machine will require a minimum expenditure of between Rs. 20 and 25 lakhs to start a jute manufacturing plant. Over 40% of the revenue goes to gross profit in this type of profitable small scale manufacturing business ideas in India.

32. Ice Cream Manufacturing

As the ice cream industry has grown over time, more customers have become attracted to it, turning it into a consumable snack that can be enjoyed on a variety of occasions, including outings and gatherings. The ice cream industry has grown at a rate of more than 19.5% annually over the past five years.

Making ice cream is a successful small business venture. Ice cream may be made using a huge range of different ingredients. However, while creating ice cream, you keep the smallest amounts of milk fat, milk solids (protein + lactose + minerals), and air. Funds will be needed for raw materials, and a variety of equipment to create different types of ice cream. You would also need professional staff with sufficient expertise to assure the product’s quality, and the same is true for packaging because ice cream may simply melt away.

This type of manufacturing business does not require a significant initial investment. The production of ice cream may begin with basic equipment that costs only Rs 10 lakh. As your market expands, you may raise your investment. Even if monthly sales of Rs 3 lakh are guaranteed, you may still turn a profit of Rs 60,000 while employing five people.

33. Flour Production

Food grains are milled to create flour. For the preparation of various dishes, many types of flour are employed. These include whole wheat flour, brown flour, whole wheat flour, and other types of flour. The manufacturing procedure is easy.  Running a small flour mill business is flexible since you can modify your output in response to customer demand. The location of the facility is crucial for the flour milling industry. The ideal manufacturing site should have simple access to transportation that makes it simple to distribute and ship finished flour as well as receive raw materials.

As one of the profitable small scale manufacturing business ideas in India flour mill takes INR 7-9 lakhs to get off the ground. A large-scale flour mill facility may be built for between INR 10 and 20 lakhs. The kind of machinery and other equipment needed for the firm also factors into this.  As you buy different kinds of machinery, the price changes. The cost of the small-scale flour mill equipment is low, but the profit margin is also low and one should keep that in mind.

34. Corrugated Box Manufacturing

India’s economy is expanding, and the GDP growth rate is strong. The packaging sector is expanding daily and offers excellent opportunities for new firms. Corrugated boxes are one of the typical packing boxes used by brands. These corrugated boxes come in a variety of sizes and forms. It guarantees appropriate support even in bulk packing during shipment. One can establish a corrugated box manufacturing facility and sell the products to numerous businesses and brands.

One of the most crucial processes in the process of setting up a plant is finding a location. You must choose a manufacturing location close to the factory of your target customer, or you might choose one in an industrial neighborhood. After that, you must select the appropriate tools. One will have a fully automatic and a semi-automatic box manufacturing operation to choose from. The semi-automatic plant is the best option if you want to get started on a relatively small scale. The output of these plants starts at 4 to 5 tonnes per day, and the minimum investment needed for the gear is INR 20 lakhs.

35. Paper Egg Tray Manufacturing

The manufacturing of egg trays has become one of the most lucrative profitable small scale manufacturing business ideas in India in recent years for those who do not want a super complicated manufacturing process to deal with. Due to rising egg consumption in recent days, the egg tray industry has experienced tremendous expansion. The demand for egg cartons is rising as more people eat eggs. The material used to make egg trays is nothing more than the pulp that is molded within the pulp molding facility.

Only an automated egg tray machine and an industrial area with sufficient energy and water supply are needed for the complete manufacturing process. Producing multi-cavity egg cartons, egg and fruit trays, cup carriers, and seed pots is made possible by the versatility and variety of egg tray-making machines that employ interchangeable molds. Additionally, less human labor is required for tasks like manually classifying garbage and monitoring the production process.

Waste, such as natural fibers, old newspapers, old books, etc., is an easily accessible and affordable raw material for making molded pulp trays. The initial investment needed for this business concept is around Rs. 6 Lakh, however, costs may increase depending on the size of the unit.

36. Plastic Tablemats and Tablecloth Manufacturing

Traditional fabric tablecloths and tablemats are becoming less common in restaurants and homes. The reason is that cleaning and maintaining them takes a lot of time and effort. Instead, they utilize disposable plastic tablecloths that are printed with floral or other patterns. Plastic tablecloths are particularly popular since they are simple to clean; a simple wipe or wash in soapy water will do. Restaurants are increasingly favoring plastic tablecloths and placemats as well. Because of this, manufacturing them is an extremely profitable industry.

You can think of starting a small manufacturing company to create these table items. You can set up your factory and begin manufacturing the items. But it will cost money and time to develop your table mat factory.

The table mats will be made by you, and you’ll supply them to other businesses so they may sell them. You play the provider in a situation like this. Huge volumes of table mats will be produced by you, distributed to retailers or wholesalers, and then sold to customers. Although it could appear like a straightforward and uncomplicated undertaking, substantial market analysis and research will need to be done. Learn more about the profitable small scale manufacturing business ideas in India.

37. Naphthalene Ball Manufacturing

Naphthalene balls are widely used as a deodorant tablet for restrooms, urinals, toilets, and other areas as well as a home preservative for woolen clothing. Naphthalene balls are consumer goods that are widely used in urban areas. The general public’s awareness of cleanliness is growing, so this product has strong development potential.

With a minimal initial investment, anyone can start a business producing naphthalene balls. Additionally, the production procedure is straightforward and doesn’t take up much room. Typically, a tablet-making machine may create these balls from naphthalene flakes. In essence, this kind of machine has a die in the shape of a ball. Any individual can start a business as a home-based manufacturing unit even without much technical experience.

The main expense for this project is the purchase of the primary production machine. The machine costs between Rs. 1 and 2.5 lakhs per unit on the open market. In addition to the equipment, there will be expenses for getting permits, recruiting staff, buying supplies, etc. To develop a small-scale naphthalene production business, you must be prepared to invest between Rs. 5 and 10 lakhs.

38. Ceramic Tiles Manufacturing

Starting a company that manufactures ceramic tiles may be both profitable and fulfilling. This company specializes in designing and manufacturing high-quality ceramic tiles for use in backsplashes, wall tiling, flooring, and other applications. You will require a strong business strategy, a dependable supply of raw materials, and a production facility outfitted with the required tools and machinery to get started in this field.

To produce ceramic tiles, you’ll need a manufacturing space with kilns, mills, and other specialized equipment. Additionally, one needs to employ qualified personnel who have received training in the manufacture of ceramic tiles.

You might also think about extending your product offering to include various ceramic tile sizes, shapes, and designs. This can enhance your revenue and help you appeal to a larger spectrum of clients. Read on to know more about profitable small scale manufacturing business ideas in India.

39. Frozen Food Making

Just by dehydrating and freezing the vast numbers of high-quality veggies that go to waste every day, they can be used for something productive. For instance, there is a high demand for dried tomatoes, dehydrated onions, frozen green peas, and chopped beans. As a result, there is a sizable domestic and international market for frozen and dehydrated vegetables. The frozen food industry in India is anticipated to reach $ 192.96 billion by 2024. In 2019, the amount was $ 85.27 billion.

India’s inability to reach this lucrative market is only hampered by the absence of sufficient small-scale manufacturing companies that can produce such goods. You can gain access to the sizable worldwide market by opening a facility that sells frozen and dried veggies.

When conducting market research, you must be aware of your target market, your location, the needs of your clients, and the frozen foods near me that you’ll be providing. College students, working women, bachelors, grocery stores, fast food restaurants, and canteens are among the target markets for your product. Read on to learn more about profitable small scale manufacturing business ideas in India.

40. Aluminum and Fiberglass Door and Window Manufacturing

Wood has become a costly commodity in modern times. Additionally, the cost of creating hardwood window frames is higher. In addition, fiberglass doors are water-resistant and have a longer lifespan. They also cost a lot less than their wooden counterparts.

Setting up a small-scale manufacturing company is easy when producing fiberglass doors and aluminum window frames. Also, obtaining the necessary equipment is simple, and a little space is not needed for the manufacturing unit. You can accept requests for custom sizes or provide ready-made solutions.

There are several advantages to this successful business enterprise in India. Today, there is a high need for manufactured goods including verandah railings, handrails, windows, supports, and doors. Making such home things with aluminum and fiberglass is now a fairly common and accepted practice.

The initial cost of fabricating aluminum or fiberglass comprises the price of the fabricators, screwdrivers, cutters, bolts, and nuts, as well as the cost of buying the aluminum. You can either begin by carrying out the task yourself. You can also enroll in a technical college that would enable you to work for yourself.

Also Read: What Companies are in the Basic Industries Field?

41. Plastic Bottle Manufacturing

Plastic is a substance that can be molded and has a variety of qualities, including plasticity and malleability. PET is one of the most widely used plastics kinds in India, with a production capacity of around 0.9 million tons. In 2016, it is anticipated that there would have been 480 billion plastic bottle sales worldwide, a huge increase from 300 billion just ten years ago. Due to the recyclable and environmentally favorable characteristics of PET bottles, the market has also increased.

The healthcare, food and beverage, agrochemicals, and pharmaceutical sectors are just a few of the diverse industries that this product targets as its customers. A typical PET manufacturing facility can manufacture 5,840,640 bottles a year, with a profit of around 2000 per mold. The initial investment needed to start a PET manufacturing firm is restricted to machinery purchases, which may cost up to 1.6 crores. The company can, however, be started on a modest scale with 10–12 lakhs.

According to the 2016 Plastic Waste (Management) Rules, the manufacturer or producers must first get the Extended Producers’ Responsibility certificate before starting a plastic bottle manufacturing business. The registration procedure entails filing an application, having it reviewed, and receiving approval. Read on to know more about profitable small scale manufacturing business ideas in India.

42. Conveyor Belt Manufacturing

Every continuous manufacturing process unit needs a rubber conveyor belt as a necessary component. The nation’s growing industrialization has led to a steady rise in demand for rubber conveyor belting. These belts are frequently utilized in the industrial sector in places like chemical, fertilizer, and thermal facilities. Manufacturing rubber conveyor belts is one of the most successful rubber business ventures.

A conveyor belt product typically lasts between two and five years. After that, the conveyor belt or a portion of the conveyor belt has to be replaced or repaired. During the years 2020–2025, there is anticipated to be a rise in demand for conveyor belts due to the development in output in the coal mining sector, a significant end-user of conveyor belts.

There are two ways to make rubber conveyor belts. One technique includes using a calendar machine to rubberize the fabric. The second technique uses a spreading machine to rubberize the material. When rubberizing using a calendar machine, the output is quite high.

43. Chips and Wafer Manufacturing

Food is constantly in demand, and among the most popular snacks for both kids and adults are chips and wafers. In the food market, there will always be a consistent need for chips and wafers, whether for weekend nibbling or party snacking.

Chips and wafers may be produced in a huge variety of designs and flavors. You may produce small- or large-scale products at this company since it offers both types of goods. What kind of products you want to make is entirely up to you.

Even if you start the firm with your own money, you must still write a business plan. You require a piece of small-scale equipment to manufacture 120–150 MT of potato chips. And you may choose a completely automatic method if you desire a bigger manufacturing line. The initial investment for the manufacturing facility for chips and wafers, which consists of land and equipment, can range from Rs. 20 to 30 lakhs.

44. Envelope Making

One of the profitable small scale manufacturing business ideas in India for less than Rs. 10 lakh is envelope production. Even in this highly technological age, paper envelopes are still often used in businesses and classrooms. You may automatically create the required number of paper envelopes by setting up a small envelope manufacturing facility. One of the most lucrative manufacturing business ventures one may launch from home on a part-time basis is envelope production.

On the market, there are several varieties of machinery for creating envelopes. According to the monthly production you anticipate, choose the appropriate equipment. Once you’ve finished analyzing your company plan, get to work producing your paper envelopes.

When producing envelopes, several types of paper are utilized, including scrap paper, worthless paper, and map litho paper. According to the client’s requirements, you must purchase the correct GSM grade paper, which often starts at 70 GSM.

The main financial commitment required to launch an envelope-making company is the purchase of production equipment. A fully automatic envelope-making machine may be purchased for between Rs. 5 Lakhs and Rs. 15 Lakhs. However, if you choose a semi-automatic machine, the cost will be significantly lower. On a modest scale, the overall approximate cost of starting an envelope-making firm ranges from Rs. 7 Lakhs to Rs. 20 Lakhs.

45. Custard Powder Production

Throughout the world, the custard is a type of cuisine that has captured the hearts of millions of people who enjoy dessert. Its pace of usage is astounding not just in India but even outside. Custard production and preparation are not difficult tasks. Corn is one of the most important ingredients useful in the creation of custard.

The raw components needed to start producing custard powder include maize flour, arrowroot starch, riboflavin, food colors, and essence. This firm was successful because raw supplies were readily available. With some basic equipment, a small-scale facility may be constructed as well. One of the common foods consumed in the desert is custard powder.

If you want to start a small-scale custard powder manufacturing firm, you’ll need to buy milk as your primary raw material as well as packaging supplies and other items. A startup capital of between Rs. 2 lahks and Rs. 5 lahks is required to start a business of custard powder.

46. Tomato Processing

India grows a lot of tomatoes both in the summer and the winter. Winter crops are higher grade because they have greater total solids in them. All of the flavor, sweetness, and nutrients of the fresh fruits are preserved by the tomato paste. India’s tomato processing sector is outfitted with cutting-edge production facilities and cutting-edge technologies.

Approximately 80% of tomatoes are consumed fresh, while 20% are used in tomato paste, puree, ketchup, pickles, juices, and sauce production. The production of smooth, thick tomato paste involves processing both fresh and mature tomatoes. To manufacture tomato processed items, tomato paste is used as a raw ingredient. The largest market for tomato paste is the sauce and ketchup industry.

Making tomato sauce may be a lucrative business idea if it is launched with good strategy and marketing. Given the high demand for handmade tomato sauces on the market, India, one of the world’s top tomato growers, offers a wonderful market for tomato sauce production. With an annual growth rate of over 20%, India’s demand for tomato sauce is on the increase and is anticipated to continue to do so in the future.

A change in any of the project’s contributing variables, such as equipment, land, personnel, license, etc., might affect the final cost. A total of between Rs 7 lakh and Rs 8 lakh is required to launch this business. Read on to know more about profitable small scale manufacturing business ideas in India.

Also Read: 30 Best Business Ideas with 5 Lakhs Investment

47. Designer Lace Making

Making designer lace is a longstanding industry. And anyone may launch a home-based business with only a little amount of initial money. Lace is a craft material used in the creation of clothing or textiles. Lace was originally made by hand with hand-held needles in the early days.

Machine-made lace is being produced instead of hand-made lace. The ability to create lace using machines is now possible thanks to a variety of technology. Designer lace is more in demand as the market for trendy apparel grows. Designer lace has possibilities for export in addition to the home market. Lace-making businesses are one of the profitable small scale manufacturing business ideas in India can be started by anybody with a modest infrastructure.

There are two methods to launch a designer lace manufacturing company. One method involves only installing a bobbing machine, while the other involves installing an entirely mechanized, computerized lace-making machine. You may acquire a varied range of items with specified output using computerized automated equipment. The investment will be heavily influenced by the operation’s size and output. However, a designer lace production business can be started on a modest scale with an initial expenditure of between Rs. 5 and Rs. 10 Lakhs. Everything must be decided following the particular product you wish to make.

48. Disposable Party Plate and Cup Manufacturing

Celebrations, parties, and picnics happen all year round. Nowadays, almost nobody bothers to provide visitors, invitees, or participants with ceramic, melamine, or metal plates, glasses, forks, and spoons. Instead, they use Styrofoam plates, glasses, forks, spoons, and knives together with food-grade plastic to allow visitors to enjoy their meals. Naturally, given their low cost, lightweight, and disposable nature. Meaning it saves them the bother of washing. These days, paper cups and plates are also typical.

Paper plates and cups are also used by street food vendors. You can start a small-scale manufacturing company that produces disposable plates, cups, and plastic utensils in light of the widespread use of these items. The market is large, and everyone gets a piece of the action.

An investment of between Rs. 20 and Rs. 25 lakhs will be needed to set up a proper manufacturing setup for paper plates and cups combined. Paper plates and paper cups may cost separate units between Rs. 10 and 12 lakhs and Rs. 15 and 18 lakhs, respectively. You merely need to get in touch with businesses that deal with paper cups and paper plate machines to purchase equipment. Based on your company plan, they will organize the remaining tasks. 2000/2500 units per hour are the rated capacity of the automated machines for both goods.

49. Tissue Paper Making

The demand for residential paper goods is rising significantly right now. Several goods, including tissue paper, facial tissues, and paper towels, may be produced using basic technology. This makes it possible to launch a tissue manufacturing firm with little capital. You may add more products as your company develops. Making household paper products is currently one of the most lucrative and popular paper business ideas.

You must also decide if you want to launch one of the most profitable small scale manufacturing business ideas in India from your house or a huge firm with machines and other equipment from a commercial space. The next step is to obtain the required licenses. You may start a company producing tissue paper in one of two ways: either at home or with the assistance of a machine.

The quantity of working capital needed depends on how big your company is. If your firm is small-scale and run from your house, you may need to spend between Rs. 5 and 6 lakhs and have at least Rs. 6 Lakhs in operating capital, for a total of between Rs. 10 and 12 lakhs. With this sum, you can generate a yearly sales turnover of Rs. 1 Crore and a net profit of Rs. 6–7 lakhs.

50. Rubber Floor Mats Manufacturing

Rubber floor mat production on a small scale may be quite profitable for business owners. The manufacturing procedure isn’t difficult. Rubber floor mats comprise industrial rubber mats, anti-vibration mats, anti-fatigue mats, anti-static mats, high school wrestling mats, rubber mats for home use home, entry mats, interior mats, and so on

Customers can benefit from two main benefits of rubber floor mats. By repurposing old car tires and other leftover rubber materials, they contribute to the ecosystem’s reduction of non-biodegradable trash. The second advantage is that they are often cheaper than synthetic rubber products made of materials other than rubber.

Different regions have different rubber mat trends and demands. Before starting to produce items, it is crucial to undertake a thorough market analysis. Obtain information on the product, costs, and market competition before developing a business strategy that considers the gap. Depending on the volume of production, a variety of machinery is required to create rubber mats commercially.

The initial cost and investment for producing rubber mats will be heavily influenced by the output. Depending on your resources, you might start this firm on a small or larger size. However, the estimated investment required would be Rs. 4 Crore for the manufacturing of 300000 Sq Ft floor mats annually.

51. Ginger and Garlic Paste Manufacturing

The major use of ginger and garlic paste is as a condiment in many culinary preparations. It is also used in many therapeutic preparations as a carminative and gastrointestinal stimulant. The market for ginger garlic paste is rising in tandem with the popularity of quick mixes and spices.

The main commercial customers of this commodity, aside from home cooking, are the food processing industries. Hotels, restaurants, and coffee shops also utilize the device to prepare various cuisines. The production of ginger garlic paste is essentially an agro-based activity. The production procedure is straightforward, and there is a sizable market for exporting the goods as well.

To start the company, you must first reserve a place. Additionally, confirm the availability of the water and electrical supplies. With 600 square feet of space, you may launch a small business. Purchase the machinery and equipment from reputable vendors. There are two approaches to setting up the manufacturing business. These are both completely and semi-automatic. However, it is suggested to choose a semi-automatic plant for a small-scale operation. Read on to know more about profitable small scale manufacturing business ideas in India.

52. Sugar Candy Manufacturing

Sugar candy is essentially a dessert made from hard-boiled sugar. Sugar candies come in a huge variety of flavors, including orange, pineapple, mango, mint, strawberry, and many more. One of the most well-liked medium-scale manufacturing company ideas is the production of sugar candies.

The market for confections in India consists of toffees, hard-boiled candies, sugar-boiled confections, and other sugar-based candies. Only around 17% of households have access to sugar-boiled confections, indicating a substantial development potential. Given the urban market’s 25% penetration, the confectionery business may have a more hopeful future.

The market for sweets and hard-boiled sugar confectionery in India appears to have taken a backseat due to huge producers. Even though there are a lot of big companies in the industry, small-scale producers appear to rule this loosely regulated one. It is simple to put up equipment to create hard-boiled sugar confections and sweets at any small location. Additionally, producers’ necessities are widely available everywhere.

Additionally, there is a sizable market for such confectionery items and ingredients, such as sugar, glucose syrup, authorized food colors, and flavors from reputable manufacturers, on the Indian Railway network, where vendors at stations provide these budget-friendly goods to passengers.

53. Feather Shuttle Cock Manufacturing

The shuttlecock is a necessary piece of equipment for badminton. Additionally, a high-quality shuttlecock includes a hardwood cork and 16 high-quality feather pieces. The production method is pretty straightforward. Additionally, the product generates large profits for the company owners because. A feather cock has an extremely little lifespan. As a result, after a while, numerous changes are required. The production of feather shuttlecocks is a simple company to launch and therefore one can say that it is one of the profitable small scale manufacturing business ideas in India. And anyone may launch this business with a modest initial investment. This company can also be started from home.

Within Rs 1 lakh, you can build up the machinery and plant. However, you can only do so if you’re beginning from your own home or a rented location. Furthermore, you will need to set aside money for the expenditures associated with hiring employees, distribution, and marketing. Obtaining company licenses and registrations also comes with certain charges. However, you can start this company idea with an investment capacity of Rs. 5 lahks and above.

Recommended: 40 Best Small Business Ideas in India

Starting your own small scale manufacturing business can be an excellent opportunity for anyone to begin his career. However, one must keep in mind that they need to do planning not only before starting the business but one should be equally passionate and dedicated towards their work even after they achieve huge success in their business. 

The post 53 Profitable Small Scale Manufacturing Business Ideas in India appeared first on Moneymint.

It is not necessary to invest ample money in order to become an entrepreneur. Start a business that can help you achieve success and become an entrepreneur. 

How Can you Become an Online Entrepreneur?

• Create a robust business plan
• Know your competition
• Understand your value
• Study market extensively
• Find a good coach
• Learn money management
• Be committed and focused
• Set short term and long term goals
• Be adaptable as per the market scenario
• Re-invest your business profits

However, online entrepreneurship is a very vast concept. We can narrow it down for you. How can you make ample money, online?

How To Start Online Reselling Business In India?

Have you ever heard of the reselling business? Evidently, you must have! Reseller business can be incredibly profitable and one of the best alternatives, especially for the people who have entered into business newly. But, before proceeding further, let’s understand profoundly who a reseller is? And what is a reseller business?

Who is a Reseller?

A reseller can be an individual or a company. It is the one who buys goods to resell and make profits, rather than consuming or using them. Usually, resellers purchase goods in bulk from wholesalers and distributors at a lower price and then sell them to the end-user or the places where the product is scarcely available. 

In modern times, reselling is considered a very profitable business if you have a stronghold on the market. 

Some resellers add value or mark up the goods they resell by combining related products of repackaging. 

What is a Reselling business?

Reselling business has become widely popular in recent times. The e-commerce giants, including Amazon, Flipkart, SnapDeal, etc., have led to the emergence of many resellers into the market worldwide. Whether it is a seasonable product such as Diyas during Diwali, or colours during Holi, or other consumable/usable items such as ink, toys, video games, clothing, shoes, electronics, or any other items. 

You can choose the product you want to deal in, after considering the product purchase source, and start an online reselling business in India. 

You can sell anything, and everything in this business, which is why your reselling online shop can venture into different domains without high sending expenses, extra expenses, and costly stock expenses. 

Some of the online sources from where resellers buy their product include Alibaba, Meesho, eBay, or the local market. 

How is the Reselling Business different from Distributorship?

Before we know the difference between the reselling business and Distributorship, let’s understand who is a reseller and a distributor. 

We have already enlightened you guys about reseller, so to begin with the distributor, here we go.

1. Who is a Distributor?

A distributor is an intermediary entity between the producer of the product or the manufacturing unit and other businesses or supply chain- which could be a retailer, wholesaler, value-added reseller, or a system integrator. In other words, it is the process of making goods or services available to the business or dealers. This can also be done using indirect channels with distributors. 

2. Reselling business vs. Distributorship

a) Relationship with the Production Unit

A distributor has a robust relationship with the manufacturer of the goods or the production unit department compared to resellers. 

Resellers do not share a strong bond with the producers of the goods as they purchase the products from wholesalers or distributors and sell them to consumers. However, the distributor buys the products directly from the manufacturers in bulk and provides them to the wholesalers, retailers, and resellers. 

b) Stock Management

Resellers do not need to maintain stock to sell the items or to get them exchanged. Whereas distributors physically clutch stock, as they have to buy in bulk from the manufacturers, and need to ensure they have enormous storage capacity and warehousing services to keep the inventory. 

The distributors hold on, maintain, and manage huge inventory, leading them to competently sell the products. However, resellers do not keep the product in stock as the reselling model is based on a demand-based approach. Because their business model follows this approach, they procure only those items for which the customers have already placed orders. Still, until they get orders, they do not buy any product from distributors or other sources.

Also Read: Top 10 Money Management Tips For Beginners

Benefits of Becoming an Online Reseller

1. Flexibility of Time

You can carry out reselling business operations from any place, be it your home, office, or even if you are on vacation. All you need is a smartphone or laptop and a good internet connection. 

Online reselling is very easy to start, as it does not require any previous work experience. Even if you start from scratch as a beginner, you can still do wonders and achieve immense success. 

2. No or minimal investment needed

You can hit the ground of reselling business with minimal investment. The sole reason is that you are involved in the purchase and sale process, not in the manufacturing process (which would require you to buy raw material and incur labor costs and many other overheads). You purchase the products from a business source and sell them further to the end-users/customers. 

You need not undergo any quality control or invest a hefty amount in maintaining your inventory of wholesale products. It is a business with zero investment, so it is considered feasible to start an online reselling business in India. 

Also Read: 11 Online Jobs from Home Without Investment in India

3. Lucrative business plan

One can earn plentiful money with a reselling business. Several platforms provide the best reseller business opportunities in India, including Amazon Seller Market Place, eBay, OLX India, Facebook Buy and Sell groups, GlowRoad, Meesho, OfferUp, and many others. 

If you do not want to step into the manufacturing business, it is a viable option to start online reselling business in India.

4. Easy to Establish

You can begin selling commodities the same day you start an online reselling business in India. You only need to ensure that your platform, whether it is a website, app, or social media page, is in place and ready to go! 

Once it is done, after you post the product listings that are up for sale, you start earning and making profits the same day. Of course, it will depend upon the sale of your products. 

5. Sell a Wide Range of Products

You can sell multiple product categories that may or may not be related to each other. This is the best part about reselling business that it does not confine resellers with fixed rules. The only thing the resellers need to ensure is that the products they are selling are demand-fulfilling and good quality products. 

For instance, if resellers start online reselling business in India with jackets, they may also start reselling shirts, denim, jewelry, handbags, watches, cosmetics, shoes, or other products, after experiencing some growth in their online business. Also, you do not require to incur any additional cost, so adding a product to your lists is hassle-free as you pay for the goods you buy from the store and sell to the customers. 

6. Set Your Own Profit Margins

Reselling business is all about establishing your own margins. You are free to set the price for your merchandise. However, it is advisable to check your product’s cost on different online platforms and as per industry standards before you fix your product’s final price. 

7. Shipping and Fulfilment is not an Issue

Just like other online businesses, it does not involve any fulfillment or transport. This implies you need not ship anything to the customer when you become a product reseller. You must focus on buying the products from reselling websites or apps and selling the items for profit. 

Reselling business pre-dominantly includes the following aspects:

• Receiving the payment from the customer
• Placing an online order to fulfill it 
• Keeping the gap

Also Read: Difference Between The Marginal & Weighted Average Cost Of Capital

The Process to Start Online Reselling Business in India

1. Finalising the business specifics

Reselling is a far-flung business in which you can deal with multiple products. Thus, it is imperative to consider certain aspects before you start online reselling business in India. 

Reseller industry

The first thing to decide upon is what industry you want to enter while doing reselling. Although there is no restriction and you are allowed to deal in any product, it is recommended to maintain uniformity so, it does not seem odd to the customer. For instance, If a reseller is dealing in electronic items, such as Air Conditioners, Heaters, Fans, Lights, etc, starts reselling other products like dresses, curtains, bathroom accessories, this might not look uniform to the customers.

Target Audience

Another important factor that should never be ignored is narrowing down your target audience and focusing more on the people you want to target. Deciding on your target audience will help you determine the communication channel, fix the pricing, and develop the marketing strategy. 

Competition Analysis

One can set your policies only after considering the external market factors and a profound understanding of the competition and current business practices. Reselling is a business in which various aspects are evaluated, from branding and tone to pricing and a different range of products. 

2. Sourcing the Products

Resellers can get the products in which they want to deal from 2 kinds of sources:

a) Local Sourcing Channels

Some resellers do not opt for online methods. Instead, they try to find their merchandise locally from their surroundings and sell it nearby their area. Usually, this type of business involves higher margins but lower sales. These channels may vary and could be:

• Your abode
• Flea Markets, Central Markets, or shopping malls 
• Friends and Family
• Retail Store Clearance
• Consignment Auctions
• Facebook or Instagram groups 

b) Reseller Apps

Nowadays, many resellers trust this method as it is one of the easiest and transparent ways where resellers can source their material. There is an extensive range of apps available in India. One of the best apps is Meesho, providing the best reseller business opportunities in India. 

The reseller selects a catalogue they want to order. Inside the catalogue, they choose the product they wish to purchase and choose its size and quantity. Once it’s done, they need to add the delivery address, their name, and contact number. The next step is to process the payment and click on Pay Now.’ Congratulations! you have ordered the item from Meesho, and you are a step closer to make money. 

3. Setting up a Communication Channel

It is one of the most crucial areas that will conclude how your customers interact with your reselling business. 

a) Mini- Websites

Numerous websites are available that helps in creating a free small-scale website. These websites serve as an e-commerce offering themes and templates. You can build your website with these platforms without requiring any coding skills. Some of these websites include Wix, Instamojo, Weebly, Yola, and many others. 

b) Blogs

Setting up an online reselling platform is made easy by writing and establishing blogs on WordPress, medium, or personalized websites. You can also upload the images, specifications, and other valuable details of your product on that blog. 

c) Social Media Platforms

Leveraging social media platforms to make money by carrying out the reselling business operations is the most feasible and effective strategy one could follow. You can display your products on social media channels and receive orders over direct messages. 

Also Read: Top 20 Money Earning Apps In India (2021)

4. Effective Marketing Strategy

Your reselling business will remain incomplete if you do not market your product efficaciously. It solely depends upon the reseller what strategies they adopt to promote their product in the market and boost sales. Listed below are some of the marketing strategies commonly followed by resellers:

• Offer free doorstep delivery
• Providing great discounts and offers initially to gain recognition
• Pricing products lower than the competitors
• Asking customers reviews, their feedback, and testimonials
• Captivating messages like ‘ Hurry! last few pieces left,’ or ‘Offer valid till stocks last.’
• Referral discounts
• Making effective presentations showcasing your product features, specifications, advantages, and pricing.

5. Establishing Payment Channels

Following all the steps mentioned above will inexorably attract customers, and they will start buying your products. Once you begin receiving orders, the last and crucial step is processing payments. As you might come across some issues while establishing payment channels, such as late payment, sending payment reminders daily, and accepting payments seamlessly. 

However, with a consolidated payment setup and high-end user interface, the payments are processed smoothly in no time. Some of the best payment partners for online resellers are Razorpay, Mastercard, Netpay International, etc.

Also Read: Make Money from Home in India (With Payment Proof)

5 Best Reseller Business Opportunities In India

There are many business opportunities available for reselling, but out of all, we have jotted the best reseller business opportunities in India after extensive research. We assure you the list we have made will cater to all your troubleshooting needs:

1. Apparels

The demand for clothing and shoes is on the rise in India and all across the globe. It is also expected to grow with time in the future. As per an estimated report in 2017, it was foreseen the global apparel market grew by 5.46 percent as compared to what it was in 2016. A similar growth rate was experienced in the following years till 2020. Moreover, in the coming years, it is predicted that the demand for clothing and shoes will have one of the most potential markets all over the world. 

Reselling in this field of business can help you make ample money. You can sell these products after you source the products from a distributor or a reselling app.

The way of doing reselling business is that once you reach a good customer base, you can increase the product’s pricing in demand. You can also change the pricing during festival time. For instance, the price of ladies suits’ and sarees’ can be increased during Diwali. 

2. Beauty and Wellness

Cosmetics and other beauty products are very profitable to outsource. You have a wide range of options; to choose from lipsticks, foundations, nail paint, nail paint remover, etc. You can deal in all kinds of beauty products, be it skincare, hair products, etc. On some products, the profit margins are extraordinarily high. Prepare the list of those items, and start selling them at first. 

Evidently, the demand for these products is everlasting among young girls and women of all age groups. Therefore, if you start online reselling business in India, consider this reselling opportunity to deal with beauty and wellness products.

Also Read: 20 Successful Home Based Business Ideas in India

3. Pet Supplies

Life today is full of stress and anxiety. This has led to an increase in the demand for pets as it is proven that pets, especially dogs and cats, can reduce stress, anxiety, and depression. It can also ease loneliness, improve your cardiovascular health, and encourage exercise and playfulness. 

You can even tie-up with a wholesaler or a distributor who supplies pets and outsource them to the customers. Many people have started doing this reselling business. Apart from selling canines, cats, fishes, and other pets, people have also started dealing in their food items, including chewable treats, calcium bones, dry cat food, fish pellets, etc. 

To boost your business, you can tie up with food suppliers and providing good discounts (higher than your competitors) to ensure your business thrives. 

4. Vehicle Accessories

It is one of the lucrative business opportunities to start your business with. Dealing in all kinds of vehicle accessories, including automobile seat covers, an iridescent vehicle leaving cards, vehicle audio system, wheel alloys, transmitter, speakerphone, chrome finishing, etc, can help you comprehend the market. Once you get to know what product has the highest demand, start focusing on that product more, and keep going. 

5. Jewellery

Whether it is a wedding or it is some occasion, jewelry is always in demand. It depends upon your budget, as some people buy artificial wedding jewelry, or some may buy the most precious one, but almost everyone wears these items on one or the other occasion. Starting with this online reselling business in India is the best you can do. 

Once you define your line and find startup funding, which may be required if you want to deal with precious jewelry items, finding suppliers is imperative. The next step would be to establish your brand and start marketing.

Also Read: 25 Profitable Small Scale Manufacturing Business Ideas in India

How can Reseller Apps Help you Earn money?

Want to find out the best reseller business opportunities in India? You can start the reselling business effortlessly once you download the reseller apps. After installing these apps on your device, sign up with them, and start buying and selling items to profit. 

You might be wondering what the need for downloading these apps is? The reseller apps make it easier to check the list of all available products to buy and access the best product from reseller companies or the websites dealing in online buying and selling an authentic price. 

The reselling apps will also help you learn with top reselling programs and teach you through their tutorials on how to start online reselling business in India. Moreover, these apps also create a reseller business model, build reliable and robust customer relationships, and develop reseller marketing strategies. 

Most Reliable Reseller Apps in India

• Elanic
• eBay
• OLX
• Meesho
• Shop 101
• Poshmark
• GlowRoad
• Amazon Seller Market Place
• LetGo
• Mercari
• Carousell
• Shpock
• 5miles

Things to Consider Before You Start Online Reselling Business in India?

1. Select a low-competition product
2. If you are picking a high competition product, keep the price of that product lower than all your competitors.
3. Ensure and maintain the quality of products
4. Sell high margin products

Which Reseller Products are Most Profitable to Sell?

Listed below are some low-cost products to sell online with high-profit margins in 2021: 

• Beauty Products
• TV Accessories
• Jewelry
• Kids Toys
• DVDs
• Designer Sunglasses
• Women’s Apparel
• Kids Formal Wear
• Men’s Accessories including Waist Belts, Pendants, Personalised Hooks, etc
• Halloween Costumes and Masks
• Socks and Shoes
• Nightwear
• Outdoor Furniture
• Men’s Bow Ties and Pocket Square
• Books
• Bluetooth Speaker

Is Franchise Resellers Business Profitable?

Many successful franchise reseller businesses prove out to be very profitable. Let’s first understand what exactly franchise resellers’ business is?

It is a privilege and authority to utilize a company’s plan of action, brand name, logo, and item for a fixed time frame. A mutual agreement needs to be signed by both the parties (the company and the purchaser) once the purchaser contributes a particular amount of capital to buy the company’s rights and brand under specific Terms and Conditions. 

The best part about this business is that possibility of succeeding in this business model is relatively high as the brand already has loyal clients, and the purchaser need not spend ample money on marketing.

Also Read: Top 20 Franchise Business in India

Some of the most successful resellers franchise business in India are as follows:

1. Retail Business Franchises

• Lens kart Retail Store
• Lakme Business Store
• Khadims
• First Cry Apparel and Clothing

2. Food & Beverage Ice Cream Franchises

• Amul Scoop Franchises
• Giani’s
• Baskin-Robbins 

Benefits of Reselling at Franchises

1. The risk involved is low, and the danger is less
2. It becomes easier to operate and manage the reselling business activities with the settled plan of action
3. No need to advertise and marketing
4. The supply of items or materials is founded on the interest
5. Contrasted investment with different businesses

Recommended: Cell Phone Accessories Business Plan – How To Start?

The key to success and increasing your earning potential to make money online with a reselling business solely depends on how much time you invest and how robust your customer relationship is. Getting more customers and achieving higher customer satisfaction is imperative to boost sales. Moreover, meeting sales targets will also let you earn bonus revenue. 

Haven’t you downloaded any reselling app yet? Go for it! Earn commission and profit margin on every order.

The post How To Start Online Reselling Business In India? appeared first on Moneymint.

How To Start Cell Phone Accessories Business?

Mobile accessories encompass any additional hardware that is not essential to the primary functioning of a mobile smartphone as originally designed by the manufacturer. The target audience for mobile phone accessories, which play a crucial role in enhancing efficiency and protecting the device, encompasses a vast majority of cell phone owners. According to business professionals, mobile accessories yield higher profit margins compared to selling the mobile phones themselves. Let’s learn more about this business.

Types of Mobile Accessories

One of the initial considerations that arises when starting a business is determining the required investment. To calculate the investment accurately, it is important to gather information such as the cost of renting a shop in your area, the number of staff members needed, and crucially, the range of accessories you intend to stock.

Therefore, here is a comprehensive list of mobile accessories that you can include in your shop or store. By incorporating these products into your cell phone accessories business plan and putting in diligent effort, the risk of your business failing decreases significantly.

• Cases/Covers
• Earphones (wired or wireless)
• Phone Camera Lenses and Smart Flash
• Headphones (wired or wireless)
• Mobile screen tempered glass
• Selfie stick
• Tripod
• Mobile screen lamination
• Batteries and chargers
• HDMI cables
• Charging brick
• Bluetooth
• Bluetooth cable
• Power bank
• Car charging brick
• Bluetooth speaker

To pursue your dream of starting a mobile accessories business and tap into the thriving multibillion dollar industry, it’s crucial to engage in meticulous planning and thorough research. This industry is continuously evolving with a wide range of innovative products and services, offering numerous opportunities for you to establish your presence and succeed.

Here are a few steps that you need to take to begin a cell phone accessory business:

1. Analyze the Market and Understand Competition

Competition in the cell phone accessories business is both healthy and necessary for business growth. Despite the presence of well-known brands, it’s important not to get disheartened or consider changing plans. The cellphone accessories market is vast, offering ample opportunity for new players. It is crucial to understand the number of competitors in your field, their strategies, and differentiate your business from them.

To stand out, analyze what your competitors are offering and create a unique product list. By evaluating what sets your business apart, you can create a unique product list and select distinctive accessories. Consider designing your own products rather than solely relying on wholesale suppliers to further distinguish your offerings.

Focus on a specific niche, such as extra power, cases, photo tools, water protection, drop protection, on-the-road accessories, or wireless charging, and introduce a product or feature that hasn’t been seen before. Innovation and distinctiveness are key to attracting customers in this competitive market.

2. Choosing a Name for Your Mobile Accessory Website

When choosing a name for your cell phone accessories business platform, it is important to select a name that accurately represents your products, is memorable, stands out in your audience’s mind, and is unique. Additionally, it should be catchy to attract attention. It is advisable to check if the domain and social media handles are available so that you can market your business effectively across multiple platforms. Remember to comply with all local regulations, including obtaining necessary licenses and registering your business name with the appropriate authorities.

3. Find the Right Location

The first decision you need to make is whether you want to sell accessories online or open a physical store. If you choose to open a store, keep in mind that renting a space can significantly impact your budget, so careful consideration is necessary. In the case of a mobile accessory business, location is crucial as you can’t afford to be in a secluded area.

It is advisable to start by renting a kiosk in a bustling mall or marketplace with high foot traffic. This ensures accessibility and visibility while minimizing your initial investment risk. A kiosk typically costs between $2,000 and $10,000 upfront, whereas a permanent retail location can require up to $100,000.

4. Obtaining Required Capital

Starting a business requires meticulous planning and considerable effort. One crucial aspect is securing the necessary capital to launch and sustain the business.

When planning your cell phone accessories business, it’s important to distinguish between one-time costs and recurring expenses. Recurring costs include materials, rent, utilities, and payroll, while one-time costs encompass necessary expenses like production equipment, furniture, and operating licenses.

Additionally, consider the difference between fixed costs (e.g., rent) and variable costs (e.g., production materials), which fluctuate with production and sales volumes. As your business progresses, you may encounter optional costs such as office decorations and holiday parties, but ensure essential costs are covered first.

Estimate your total cash requirements by identifying the fixed infrastructure, researching prices, and accounting for assets like computers, printers, and inventory. Overhead expenses such as legal, administrative, and marketing costs should also be considered, along with labor costs and taxes. Remember to have enough resources to cover 6 to 12 months of expenses before expecting profits.

There are several avenues available for raising funds:

a) Business Loan

Many entrepreneurs opt for business loans to finance their small-scale businesses. This involves approaching a bank and completing the loan application process. Although it may take some time, the advantage is that the interest rates are typically low. The repayment period for such loans is often around 15 years. Certain banks even offer loans without requiring collateral security.

b) Credit Loan

Another option is obtaining a credit loan, which has both pros and cons. The benefit is that the process is relatively easy and provides quick access to funds. However, the downside is that the interest rates tend to be high, and these loans are not suitable for long-term financing.

c) Personal Savings

If you have savings available, you can utilize them to kickstart your cell phone accessories business. This approach eliminates the need to repay borrowed funds and avoids interest payments, making it a favorable choice for many entrepreneurs.

5. Meet Legal Requirements

To start a cell phone accessories business, you will need to obtain a business license. The specific requirements for acquiring this license may vary depending on the location where you plan to conduct your business. It is essential to check with the relevant government agencies in that area to determine the necessary steps. If you intend to operate your business as a kiosk, you may also need to acquire a kiosk license agreement.

Regardless of the type of business structure you choose, certain common requirements exist. These include:

• Registering your shop under the Shop and Establishment Act if you plan to open a physical store.
• Obtaining a GST (Goods and Services Tax) registration (GSTIN) if your projected sales exceed 20 lakhs annually or if you intend to engage in inter-state sales.
• Applying for a trader’s license.
• Registering for a PAN (Permanent Account Number) for taxation purposes.
• Completing Aadhar registration, which involves obtaining a unique identification number.

It’s crucial to conduct thorough research and consult the appropriate government authorities to ensure compliance with all licensing requirements for your specific location and business type.

6. Choose a Supplier

Success in any business is heavily reliant on reputation, making it crucial to carefully select suppliers for your cell phone accessories business. Failure to provide quality products or timely deliveries can result in losing customers. Opting for local dealers is recommended as they offer prompt supply and competitive prices, thereby boosting profit margins. Alternatively, establishing direct contact with local manufacturers allows for cheaper rates and increased profitability.

Bulk orders, ranging from 10 to 200 items, can yield significant cost savings, especially for cellphone accessories that can be sold at higher prices. For overseas inventory purchases, popular online marketplaces are worth exploring, while several suppliers cater to customers seeking products made in the U.S.

7. Know your Products Well

To stand out from others, it is crucial for individuals creating a business plan for a cell phone accessories venture to possess comprehensive knowledge about various brands and handsets. It is not a given that everyone embarking on such a business venture will possess expertise in all product aspects, but having a thorough understanding of the products you intend to sell is essential to differentiate yourself from the competition.

8. Payment Mode

It is important to offer various payment methods to accommodate customers’ preferences and enhance their shopping experience. By being flexible with payment options, you create a sense of comfort for clients and make the purchasing process more convenient. If you limit your accepted payment modes, you may deter potential customers from making purchases at your store.

9. Invest in Fast-Moving Products

It is advisable to invest in rapidly evolving mobile phone products to minimize the risk of excessive inventory getting tied up.

Also Read: Top 50 Money Earning Apps In India

10. One-Stop-Shop

Try to be the ultimate destination for all your clients’ mobile phone needs, offering a comprehensive range of products. If there’s anything missing from our inventory, promptly communicate with our supplier to ensure quick delivery, thereby preventing customers from seeking alternatives elsewhere.

11. Manage the Inventory and Shipping Requirements

To ensure a positive customer experience for your cell phone accessories business, effective inventory management and streamlined shipping processes are essential. Many entrepreneurs initially start with a small inventory to test the success of their online store, avoiding being burdened with unsold items. It’s important to monitor product movement, identify fast-selling items, track out-of-stock products, and assess low-demand items.

Another decision to make is whether to handle order fulfillment internally or outsource it to a fulfillment center. Fulfillment centers can store and ship your products, saving you time and storage space. If budget constraints or a desire for individual order control exist, you may choose to handle fulfillment yourself.

Managing costs associated with storing, packing, and shipping each item sold is crucial. Establishing a clear returns policy is also necessary before commencing sales.

12. After-Sales Support

Instead of solely focusing on making sales, it is important to prioritize providing after-sales support to the customers of your cell phone accessories business. By offering assistance and guidance even for minor requests such as app installations or phone updates, you can cultivate a sense of satisfaction and loyalty among customers.

Customers appreciate purchasing from knowledgeable experts who can provide detailed information about product features, benefits, and drawbacks. This expertise becomes especially valuable when customers are comparing multiple products and rely on the seller to explain the intricacies of each option.

Also Read: 53 Profitable Small Scale Manufacturing Business Ideas in India

13. Create your Own Website

To establish an online presence for your cell phone accessories business, there are several effective methods available. One option is to create your own website, utilize marketplaces, and leverage social media platforms. It’s crucial to ensure your mobile accessories shop design is appealing and captivating to customers. Examining some of the online mobile accessories shopping sites in India can provide insights into their operations, product range, and strategies.

a) Marketplaces

You can choose to sell your products on well-known marketplaces such as Amazon, eBay, and Flipkart. These platforms offer the advantage of reaching an existing customer base. The trustworthiness associated with these popular websites encourages people to make purchases from your online shop. Keep in mind that there may be membership fees and seller’s fees associated with each platform, so it’s important to consider these costs when determining your pricing.

b) Social Media

Selling products through social media platforms is becoming increasingly common. In addition to promoting and showcasing your products on various social media sites, many platforms now offer direct purchasing options. This allows users to buy products seamlessly while browsing through their social feeds.

c) Online Store

Creating your own online store is a highly effective way to sell products online and establish your cell phone accessories business. With an online store, you have complete control over how your items are presented to users, and you don’t have to pay any commissions to third parties. Setting up an online store is not overly complex, thanks to many user-friendly eCommerce website builders. These platforms enable you to create a fully customized online store regardless of your technical expertise.

By exploring these avenues and adapting them to your specific business needs, you can successfully sell your mobile accessories online, expand your customer base, and drive growth for your business.

14. Demonstrate your Credibility

To ensure accountability and increase the likelihood of achieving profits within the first six months, it is crucial to provide factual evidence and support for any claims made. By backing up statements with reliable data and taking necessary actions, you can establish a solid foundation for your projections. If you have doubts about your sales estimates, it is advisable to be conservative and provide a more credible figure.

How to Increase Sales of Accessories?

Once your cell phone accessories business is established, your primary focus becomes increasing sales to drive up profits and enable business expansion. There are various strategies at your disposal to enhance sales performance:

1. Advertise your Business

To effectively promote your business, you have two options: leveraging existing marketplaces and their customer bases or creating your own website. Whichever route you choose, it is crucial to employ online advertising strategies and allocate your marketing budget wisely. Take advantage of platforms like Google Ads and Facebook Advertising to target potential customers actively seeking cellphone accessories. Additionally, consider collaborating with influential personalities on YouTube and Instagram to further enhance the visibility and reach of your products.

2. Email Newsletter Campaign

Utilize email newsletters as a means to foster relationships with your audience, especially those visitors who have not yet completed their purchases. By maintaining an email subscriber list, you can create targeted content and provide product recommendations directly to your audience. However, it is crucial to avoid spamming your subscribers, as this may lead them to unsubscribe.

3. Blog Creation

Consider incorporating blogs into your website strategy to attract organic traffic, which can potentially convert into customers. Create content related to your products, such as articles on protecting your mobile phone or top lamination accessories for mobile screens. Optimize your blog content with relevant keywords to improve search result rankings and increase website traffic.

4. Diversify Payment Options

To enhance customer comfort and facilitate easier shopping experiences, offer a variety of payment methods. Some customers may be deterred from purchasing from your online store if you have limited payment options. Ensure that your payment page has a user-friendly interface to enhance the overall shopping experience.

5. Website Management

The work doesn’t end after setting up your online store and establishing a strong audience. To provide the best customer experience for your cell phone accessories business, it is essential to regularly update your website. Keep your product inventory up to date by replacing sold-out items with new arrivals. Utilize high-quality images and detailed product descriptions to convert more visitors into customers. Gathering feedback and customer reviews is also crucial, as positive reviews from real customers increase the likelihood of purchases. By implementing these strategies, you can encourage visitors to buy mobile accessories from your online store.

6. Ask for Feedback

Recognizing that mistakes are inevitable, it is highly valuable to embrace the opportunity for learning from them. One effective approach is to establish a feedback system or maintain a diary where customers can share their positive and negative experiences at your store. This valuable input plays a pivotal role in enhancing the quality of service provided.

Moreover, placing a strong emphasis on fulfilling orders promptly and delivering excellent customer service is crucial in preventing negative reviews or customer dissatisfaction. Prioritizing these aspects ensures that customers have positive experiences, fostering satisfaction and loyalty.

Few Things that are a Must in your Business Plan

To ensure the success of your cell phone accessories business plan, here are a few essential elements to include:

1. Table of Contents

Create a comprehensive table of contents that outlines the structure of your business plan. This helps you stay organized and shows your seriousness and attention to detail.

2. Company Overview

Provide an overview of your cell phone accessories business to give potential investors and lenders a clear understanding of your goals. Include the following key points:

• Vision: Explain your company’s vision and how you envision its growth and expansion in the future.
• History: Share any relevant background information about your store or previous experience.
• Markets and Products: Describe your target market and the main products you plan to sell.
• Objectives: Outline your business objectives and how you plan to achieve them.
• Mission: Clearly state your company’s mission and values.
• Cost Summary: Provide a summary of the costs involved in starting and running your business.
• Keys to Success: Identify the critical factors that will contribute to the success of your business.

3. Market and Industry Analysis

Conduct thorough research on the market and industry to demonstrate your knowledge and understanding. Include the following components:

• Industry Analysis: Analyze the current state and trends of the cell phone accessories industry.
• Market Analysis: Assess the target market’s size, growth potential, and demographics.
• Target Customer: Define your ideal customer profile and their needs.
• Competitor Analysis: Identify your direct and indirect competitors and analyze their strengths and weaknesses.
• SWOT Analysis: Evaluate the strengths, weaknesses, opportunities, and threats your business may face.

4. Marketing Strategy

Outline your marketing strategies to attract customers and drive sales. Include the following elements:

• Pricing Strategy: Determine your pricing approach and explain the rationale behind it.
• Target Market Strategy: Describe how you will reach and engage your target customers.
• Sales Strategy: Outline your approach to generating sales and increasing customer conversion.
• Distribution Strategy: Define your distribution channels and how you will get your products to customers.
• Product/Service Strategy: Highlight the unique selling points of your cell phone accessories business and any additional services you plan to offer.
• Advertising and Promotion Strategy: Detail your marketing campaigns, including online and offline advertising, social media, and public relations.
• Marketing and Sales Forecast: Project your expected sales and marketing expenses for a defined period.

5. Operations and Management

Explain how you will manage the day-to-day operations of your business and address the associated costs. Additionally, outline your leadership plan, including the roles and responsibilities of key team members.

By including these crucial elements in your cell phone accessories business plan, you will enhance its comprehensiveness and increase your chances of success.

6. Offline Marketing

Offline marketing is still valuable and can help establish long-term customer relationships. Enhance your brand’s consistency by using creative branded stationery, business cards, and envelopes with the same logo and color scheme. Utilize press releases to announce your startup and promote your high-quality phone cases.

Increase brand awareness by distributing promotional items like pens or mugs featuring your company logo. Leverage local media through newspaper ads, TV and radio commercials, and billboards. If you have a physical store, engage in subtle face-to-face marketing to leave lasting impressions. Implement guerrilla marketing tactics such as leaving sticky notes or sidewalk advertisements to generate curiosity and draw attention to your brand.

7. Customer Service

Customer service is a crucial marketing tool that can set your phone case brand apart from competitors. Satisfied customers become brand ambassadors, while dissatisfied ones may spread negative experiences online. To protect your reputation, prioritize customer satisfaction by actively listening to and collaborating with disgruntled clients. Admit mistakes and avoid deception.

Treat customers with respect, honor commitments, and offer multiple communication channels with prompt responses. Your goal should be to exceed customer expectations, not just meet them. Combine free and low-cost marketing activities with excellent customer service to effectively communicate your brand values both online and offline.

In conclusion, starting a cell phone accessories business requires careful planning and market research to identify target customers. You can offer a wide range of high-quality and innovative products, create effective marketing strategies, and provide excellent customer service to successfully establish and grow your cell phone accessories business.

The post How To Start Cell Phone Accessories Business – A Comprehensive Plan appeared first on Moneymint.