Best Business Ideas Under 5 Lakhs – Want to start a business, but worry about money? Starting a business always requires a business idea and investment. Everyone has a lot of plans, but usually they don’t have enough capital. This is the main reason people can’t start on their own. What if you could invest 5 Lakh and learn about the best business ideas?
We live in an age when inflation quickly exceeds incomes. The price of everything – housing, food, health care, education – has risen. In these scenarios, people with regular or fixed incomes face household problems.
So, to overcome this problem, you can start your own small business or house with extra income or just focus and make good money.
- 15 Best Business Ideas Under 5 Lakhs
- 1. Incense Sticks Manufacturing Business
- 2. Franchise Stores
- 3. Online Advertisements
- 4. Disposable Paper Plate and Cup Manufacturing
- 5. Food Truck
- 6. Pest Control Business
- 7. Water Purification Units
- 8. Mobile Accessories Business
- 9. Consulting Agency
- 10. Printing Business
- 11. Optical Frame Manufacturing
- 12. Catering
- 13. Export Business
- 14. Travel Agency
- 15. Content Writing Agency
15 Best Business Ideas Under 5 Lakhs
If you don’t have a lot of capital but want to start something on your own, don’t worry. Many companies can do this with a small investment, but the returns are promising. Here are the Best Business Ideas Under 5 Laks in India.
1. Incense Sticks Manufacturing Business
Undoubtedly, India is a potential market for the company as it uses incense in many cases.
Profit levels are relatively good. For example, if a high-speed machine produces 100 kg of raw bootie agar in 10 hours, you can earn 12 rupees per kg. If the cost of a car is between 1 million and 2 million won, it is easy to start a business with 5 million won.
2. Franchise Stores
There may be many ideas to think about, but opening a franchise store can be one of the best. Opening a franchise store has many advantages:
- An important benefit is that you can build a sold customer base. This means people who already know and use your brand don’t have to worry too much about marketing your brand.
- There are several franchises that can help you from pre-opening to completing tasks.
- We also provide free management training and support to our employees.
- Investments vary from franchise to franchise, but there are many franchises that can start for less than 5 Lakhs.
3. Online Advertisements
With the increase in internet usage, online businesses have experienced a huge boom. Every business wants to advertise and put themselves on the internet to increase their customer base and profits. You can use this to venture online and make money.
According to the report, the online advertising business generated around SEK 600 million SEK in revenue in 2019, and now you have a chance to be a part of it too. You can start a service business by investing 100,000 to 30,000 won.
However, it requires fluency in online advertising, knowledge of how social media works, and networking skills. If you can find your own customers and give them what they ask for, you can make a lot of money in this business.
4. Disposable Paper Plate and Cup Manufacturing
If you have a good business plan, making disposable paper and copper with an investment of Rs 5 lakh can be a lucrative business idea. Demand for these products has increased significantly since the plastic ban in India.
Now may be the best time to join this business as you can take advantage of the high demand. Disposable cups and plates are used for almost any occasion, including birthdays, weddings, anniversaries, conferences, corporate events and more.
Starting this business requires capital to purchase materials, equipment and labor. All of this can be done on one machine for less than 5 lakh . As your business grows, you can buy more cars to expand your business.
5. Food Truck
This is a modern way to open up a dining area that is very popular today. It’s best to buy an old car and start producing and selling food. This might be a good idea because people like it very much because it’s relatively hygienic compared to open grocery stores.
The great thing about this company is that you can move your truck from one place to another. You can walk to campus, company offices, tourist areas, or wherever you think there will be a lot of people.
This could be one of the best business ideas for an investment of 5 lakh because it’s profitable, you don’t have to pay rent, and you can do whatever you want. Quality and hygiene must be ensured. If people like your taste and quality, you have a lot of room in this industry.
Also Read – How To Become Rich In India In Short Time
6. Pest Control Business
A few decades ago, this business was considered very simple. But these days it’s completely changed and complicated and requires a lot of tools and pesticides to attract everything from rats, cockroaches and bugs to termites.
Pests inhabit not only houses, but also farms, destroying fruits and vegetables. This is why people turn to pest control services. You can start this business because it requires less investment. Initially, you need to invest in a small machine and chemical spray. You can buy a bigger machine later according to your business requirements.
Potential customers for this business include hotels, restaurants, offices, and housing associations. You can contact them directly or use other marketing strategies to tell people about your business.
7. Water Purification Units
It has become one of the most lucrative business ideas because of the small investment and high profits associated with this business. The main motivation for this business is to provide consumers with clean water and beverages. Investment is required in the installation, packaging and delivery of water treatment operations.
Being certified for a company can increase your trust in your brand. Depending on your demand or geography, you can choose your target market, such as commercial establishments, homes, corporate offices, lodgings, and more.
8. Mobile Accessories Business
Today, mobile phones have become an integral part of everyone’s life. Investing in a cell phone accessories company can be a lucrative business idea with an investment of Rs 5 lakh. You can create a list of accessories you still have, such as phone cases, headsets, headsets, chargers, Bluetooth speakers, and more.
Once the product is decided, you can plan whether to start an online or offline business. For offline use, choose a rental location from a kiosk in a market or shopping mall. You can quickly purchase and purchase the product by contacting your local retailer.
You can attract more customers by offering great deals and discounts. Avoid selling substandard products. This can lead to customer dissatisfaction.
9. Consulting Agency
There are many opportunities in this business as people today need professional advice before starting a business. This is an always-on business idea, as people always prefer to consult a consulting firm from multiple perspectives.
This might be one of the top 5 business ideas for lakh. All you have to do is rent an office and hire staff. As a consulting firm, your role is to advise others in your field.
For example, if someone wants to become an engineer, they can ask questions about academics, industry, job opportunities, wages, and other similar issues. Counseling is available in all fields, including education, business, career, and self-development.
10. Printing Business
It can be a good idea to start a business as it is in high demand. Many people need to print business cards, wedding cards, invitations, magazines, etc. You can also start with flexible printing or copying.
All you need to start this business is a printing press and ink. This means you can start with an investment of less than 5 lakh . You may need labor to help you at work.
As your workload increases, you can use more machines and expand your business. The profit margins of the printing industry are excellent. Marketing is all you need to attract more customers and make more money.
11. Optical Frame Manufacturing
The company has been thriving in India for several years now as people not only wear eyeglasses for vision problems, but it is now a fashion trend. The manufacturing process of the optical frame is very simple and straightforward.
The cost of the equipment is around Rs 3-4 lakh and we need a rental place where we can start production and some staff to help complete the process.
Because plastics are cheap, raw materials are not expensive. Average price per frame is usually 150-200 Rs including design and labor. Frames can be sold for between Rs 250 and Rs 300. This means that this business is profitable. So it might be one of the best 5 lakh business ideas for investment, and you just need to keep the frame quality to grow in demand.
Catering is in great demand all year round as people need it for birthdays, weddings, anniversaries, weddings and other special occasions. To start this business, you need kitchen equipment, a good chef and a catering team.
Providing quality food is very important in this industry, and it is the market that wins hearts with delicious food. You can start this business at a low level and expand as demand or customers grow.
You can start by renting a small room in your home or home, and then gradually move to a larger company when you need it. Due to its low investment and high return, it is undoubtedly the best business idea with a 5 lakh investment.
13. Export Business
You can select any product and export it from India to anywhere in the world with your contacts. The Indian government has provided various incentive programs to make the export process very simple and complex. This can be a lucrative business. Because you only need to buy products from one manufacturer and sell them in another country.
You can start exporting agricultural products available in bulk from India. Starting this business with less than 5 lakh is easy because you only need to buy the product and ship it.
To start this business, you will need a few things such as a registered company name, import/export code and a bank account with the company name.
14. Travel Agency
This company may seem interesting to those who love to travel or know other places in the world well. This business has been booming in recent years. Because now many people have started to travel not only for business but also for vacation.
Others choose to hire an agent who can book each trip instead of booking them on their own. It’s a simple and easy business. No special skills or experience is required to get started.
People will come to the office to contact you by phone or to book plane, bus or train tickets. Book your travel dates and other details once you know them. You can also book hotels and taxis if you wish.
All you need to start this business is office space, a printer, a computer and some staff. Of course, you can start this business with less than 5 lakh and make a decent amount of money every month.
15. Content Writing Agency
As India’s online business grows and the demand for quality content grows, you can take advantage of this by opening your own content creation agency to attract creative writers who master the English language.
Content is needed not only for websites, but also for internet marketing. People need certain types of content, such as education, technology, housing, e-books, and more. You can hire writers from a variety of academic disciplines to write in a variety of fields.
To start this business, you need to register your business and complete some basic procedures. You can initially keep 5 writers and then hire more depending on your needs and tasks. This is a lucrative business as the investment is much less. So with a 5 lakh investment, it could be the best business idea.
Here are some of the Best Business Ideas Under 5 Lakhs without investment. You can start with a small amount of capital at first and then expand as you work hard. Using these business ideas is useful and useful enough to help you organize your business at a lower cost. Make the most of your money with good research and planning.