Top 10 Most Profitable Small Business Ideas – Indian retail industry has emerged as a fast-paced industry due to many new retailers. Retail trade in India contributes 10% of GDP and 8% of employment. India is one of the top 5 retail markets in the world in terms of economic value. It is one of the fastest growing retail markets in the world.
Every day, people need things and explore nearby shops or hotels. Retail business is the most profitable business in India with low and medium investment. So people with low or medium capital investment can focus on small or medium retail stores for high profit margin business in India.
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A retail business is when a business sells products or services to consumers for their use. A retailer sells products at a higher price than a wholesaler. A retail business can be thought of as a grocery store. Service-related businesses such as salons and rental places are also considered retail businesses.
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Kirana stores are one of the most profitable retail businesses in India. India has a large population and grocery stores are important in every region. Every household needs basic supplies and grocery stores sell soap, spices and food items etc.
It is important to get the goods to be sold in bulk from the wholesaler at a low price. This helps you price the product at a competitive price.
Opening a stationery and book store is a profitable and best retail business that does not require any special knowledge. Various story books, DVDs, school books and stationery can be stacked in the stationery shop.
Your grocery store should be your last resort for school children’s books or accessories. You can provide some educational tools or games that other retailers don’t offer.
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The advantage of this business is that you do not need special knowledge. India has the largest agricultural market and fruits are the primary product. If you decide to sell fruit, you must shortlist the category of fruit based on supply.
Flower shop is one of the most profitable businesses if you establish your business well. Many hotels require daily flowers for their offices, so if you connect with hotels or offices, your profit margin will be up to 80%. You can also stack your shop with artificial flowers and gifts for extra profit.
If you are good at matching and dressing someone perfectly, this business is for you. You can also set up your business at home and change clothes. This business requires little capital investment.
Tea shop is a low investment business. Indians love tea, so if you set up your booth outside a college or office your profits will be high. Many offices also have agreements with tea shops for daily delivery of tea to their offices.
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Agriculture is the most important sector of our economy. Many farmers need good quality seeds for their crops. Pay attention to seed quality when selling seeds as it will increase the demand for your seeds. You can take advantage of this opportunity if you live near a village or agricultural area.
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Drug stores are definitely the most profitable retail business. People often need medicine in an emergency or illness. A medical shop makes a profit of 60 000-80000 by investing 3-4 lakhs on medicine. Medical stores can immediately generate huge profits if managed properly.
However, how much profit can be made also depends on the type of medicine sold in the medical store. Usually the pharmacy shopkeeper earns 20-25% of the daily sales.
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Sarees are very popular with one of the best retail businesses in India and are used by all market segments. If you want to start your own saree business, visit some local shops to understand the market trends. Generally the beautiful Banarasi sarees are very popular all over India.
Decide what type of saree you want to sell, there are many types of popular Indian sarees.
Opening a gift shop in India requires serious planning and execution. The profit margin in running a gift shop is slim, so there is less room for error. The gift shop usually contains personal and corporate gift items. You can also add gift cards to increase your sales.
The demand for beauty products is increasing as not only women but also men are conscious about their looks. If you have an understanding of the beauty business and have capital investment, this business is for you.
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Cake shop in India is growing rapidly and is a high margin business in India. Many entrepreneurs have their own manufacturing units and cater to cottage industries. You need to have the right packaging and marketing to increase your sales.
Perfume is the next evolution of how people represent themselves. Perfume business requires moderate capital investment. You can sell perfume from home because it doesn’t require much investment.
Sweetshop is a profitable retail business in India because sweets are manufactured in large quantities and require very little investment. There is no fixed price so you can get sweets at a reasonable price. You can open a snack shop to increase your profit.
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Coffee shop is the most profitable retail business in India, but it requires huge investment. Running a coffee shop business is not easy, you need positive cash flow and high sales to support it. Profit also depends on the area of your store. Coffee shops are one of the best retail businesses in India. INR 10 to 20 lakh profit margin- 20% to 80% 2. Ice Cream Parlor Ice cream is loved by all age groups. And the food item is very popular. You can consider opening your own brand, which is quite difficult, or consider starting a franchise for another well-known brand as it is a high margin business in India. Investment- Rs 5 to 10 Lakhs Profit Margin- 40% 3. Fast Food Fast food restaurants are famous in India and are packed. This business is one of the highest profit margin businesses in India. If you are planning to open a fast food restaurant in India. Conduct a market survey of different restaurants – how they work and manage restaurants, investments and profit margins. Investment- 10 to 50 Lakhs Profit Margin- 40% 4. Car Wash Indian car industry is doing very well and the vehicle population is also growing. Owning a car wash requires proper planning and a large investment. The car wash sector is a very profitable retail business in India. Investment- INR 25 Lakhs Profit Margin- 40% 5. Two Wheeler Showcase Currently, Indian motorcycle market has double digit growth in sales. Opening a two-wheeler dealership is a profitable venture for young entrepreneurs. If you want to open a two-wheeler shop, you need a strong capital investment. This business requires serious hard work and you must have proper knowledge of the business model. Investment- Rs 30 Lakh to 50 Lakh Profit Margin- 30% 6. This Business Salon is the best retail business for women entrepreneurs with right knowledge. You can open your salon in your home because it saves a lot of capital. Investment- Rs.15 Lakhs to Rs.30 Lakhs Profit Margin- 10% to 20% If you are a female entrepreneur looking to start your own business, don’t worry we’ve got you covered. See the best business ideas for women. The best business ideas for women [/tag/woman-entrepreneur/] They are moving into many fields and industries where they were not before. They have been breaking the glass ceiling for some time now, and have excelled in many careers. In this article, we will discuss th… Ashwini 7. Food Restaurant Rumah Makan is one of the best. Retail in India. Before you start a business, you should conduct a survey. This business requires high capital investment and is also the highest profit margin business in India. Also, choose the right menu and fare before starting the business. Food restaurant is one of the highest profit margin business in India Investment- INR 15 to 30 lakhs Profit margin- 15% to 20% Marketing.
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