Business is one thing in today’s world which if implemented properly can earn you lot of profits. The most important aspect of any business is the business idea and the capital investment. Although many people come up with different ideas but they usually lack the capital. This the primary reason where they fail to establish a successful business.
Moreover, business gives you the sole authority to operate rather than executing someone else’s orders. If you want to start a business under 5 lakhs investment then you have come to right place. Today, I will share some profitable business ideas under 5 lakhs investment which you can start now.
One bonus business idea apart from 10 ideas which is given below is “LED interior decorative light production business“. This is very hot business in the market as of now in the year 2021. You can start production of LED decorative lights with very minimum investment. Various light fixture to be used in interior decoration are
- Wireless smart flush light mount LED ceiling light for bedroom
- Smart atmosphere light rechargeable LED light
- Wing decorative LED pendant light
- Art deco chandelier with beautiful up light decorative light
- Smart bedside table lamps
- Living room pendant light
Some profitable 5 Lakhs investment businesses are:-
1. Sell online
Select a niche in which you will be selling products, say mobile phone accessories. Find products like phone case, charger, cover, bluetooth cable, etc and list your product on your website. Then register your business and get GST number and create your store on Amazon. You can sell to a very larger audience in Amazon.
You can import accessories of mobile, car or even jewelry and sell them. These days online marketing is a common platform for trading and you can put all your stuffs there.
If the products are cheap and good, more and more customers will be interested to buy the stuffs. This in turn will generate huge income and the profit margins will be high with less capital investment. You can create your own online store on major ecommerce websites like Amazon, eBay and Flipkart.
2. Pest Control Business
We usually find most of the houses infested with pests such as cockroaches, bed bugs and other insects which can be a complete mess. Moreover, pests are threat to the farms and gardens as they destroy the fruits and vegetables.
Therefore, people look around for pest control services and hence this business can be a good option with less investment. You need to invest primarily on the resources and the chemical sprays to eradicate pests and then earn a substantial income from your business. For this business, you potential customers could be restaurants, bars, housing society, etc.
3. Printing Business
Printing business is a lucrative one for anyone as a startup. There is a lot of demand in this business as printing of cards, newspaper etc is required almost every day.
Along with printing, you can also check out options such as flex printing and even Xerox. They will give you good returns on the investment. Right from invitation cards to business cards, everything can be printed and sold. The charges per card is also high and based on the quantity, you can earn significant profits.
4. Clothing Store
Clothes are a basic necessity of life and clothing stores are in high demand. Clothing materials to readymade clothes, everything finds its place in the customer list. Therefore, opening a cloth store is not a very big affair and you can do it in just 5 lakhs investment in India.
With some few lakhs of investment, you can open the store and keep clothes according to the market sentiments. It is even more profitable if your store has clothing for all gender of population including kids.
5. Wedding Equipment Rental
This business can earn you lot of profits especially during the wedding season. You need to have all the wedding equipment and can rent them out to different parties. Usually the wedding equipment consists of chairs, tables, decorative lamps and lights, cloth for decoration, bamboos, wire etc.
These materials can be brought cheap and rented to the customers at a higher price. Moreover, these are one-time investment and are reusable. Therefore, it yields high returns on the investment.
6. Disposal Cups and Plates Manufacturing
Disposal cups and plates are required in almost all the functions, whether it is a wedding, birthday party, corporate events etc. Hence, this business is a good option and has become a lucrative one.
It requires some capital to purchase the raw materials, set up the machineries and also for manpower but once set it is likely to generate a good profit. It depends on the customer availability and the quality of the products. These days both paper and plastic cups and plates are in high demand. In 5 lakhs investment, you can start with one machine.
7. Import Export
Import Export is definitely a profitable and lucrative business. It can be started from exporting for food materials to wooden work based on one’s choice. However, it includes some legal obligations as well which needs to be taken care of along with custom charges.
Therefore, based on your business it requires some initial capital investment. The quality of product that you buy or sell is an important factor here as it helps to keep your business running.
8. Food and Restaurant
There cannot be a better business in India than a restaurant business. With the diverse population and their choice of food, it is important that your restaurant satisfies the customer’s taste palette. You can start this business at a small place or buy and decorate a restaurant to attract customers based on the capital availability.
Once the initial investments are made and you get customers, your business is all set to roar and generate huge profits.
9. Food Truck
Food truck is a new concept introduced in India from the west. Ideally it is a vehicle where you can cook and sell the food. It appeals to the senses and people like to buy food from the food trucks. They have a wide variety of options and include both Indian and Western food which is why it is easy to grab the customer’s attention.
You definitely need to invest in the vehicle, raw materials and also the manpower but the profits are always huge in the food business.
10. Departmental Stores
Departmental stores are one place where you can find multiple things. You can get as small a thing as newspapers to as big as branded foods, daily use stuffs, grocery etc. Hence these stores are becoming popular day by day.
Owning a departmental store can cost you some serious bucks but the return on investment is good and is a long term investment. Initially, you can also give some offers and discount to grab customers and then your business is ready to sail.