Businesses that you can start Today | Business Ideas

A Comprehensive List of Business Ideas that you can start today

Writing a business plan isn't as easier as it may sound. There is a lot that goes into it. The Business Ecosystem in India is in a state of constant flux.

Every now & then several industries gets affected by political, social and economic factors that are difficult to foresee & nearly inevitable to avoid. 

This list will contain business ideas that are affordable & remains least affected by external factors.

1. Food Cafe:

This is an evergreen business model. People crave good food everywhere. This industry remains unaffected irrespective of political, economic & social factors. 

Nobody turns down an opportunity to celebrate over delicious food. Food Cafe is a very flexible kind of business model. 

You can launch your food cafe based on your budget. That is why Food cafe comes under the category of affordable business ideas. 

Cafe requires only 4 key ingredients.

a) Taste

b) Service

c) Location

d) Ambience   

If you have even the 1st three ingredients then you can run your cafe effectively and make a disproportionate amount of money. 

The best part, ROI is incredibly higher in Cafe Business. You charge premium for the delicious taste that your food has to offer.

If the food is delicious then people will come & bring more and more customers as a result. Leverage digital marketing and social media marketing to boost your cafe business. 

With Social Media Marketing you can showcase the ambience that you built in your cafe. Showcase the customer experience & testimonials.

Run Giveaways and contests to drive more customers to you business. Food cafe is suitable for a small business ideas. Start small & scale up as you grow by introducing franchisee.

Recommended: Rahul Gandhi vows to end angel ta on startup investments

2. Blogging:

I'm not gonna lie by stating that blogging is very much easier and scalable. If you are looking for instant ROI then you should probably look for other small business alternatives. 

Blogging requires time, efforts, dedication & most importantly patience. Choose a micro niche that you are really good at & have gathered all the knowledge. 

Start with WordPress, it has one of the most powerful CMS in the world. Purchase domain. GoDaddy has the cheapest domains available. As you begin driving enormous traffic to your blog, that will pave the gateway to monetize your blog with advertisements, selling digital product or service. Affiliate marketing also works really well along with blogging.

Let's say, that you are blogging about Automobile Industry so now you can promote third-party automobile products on your site. Amazon's Affiliate Program is quite good in that matter. 

For every purchase you make, you get a sizeable commission. 

The best part about blogging business is that you literally don't have to invest in this business. You just have to spend on hosting & that's all. The hosting for an entire year wouldn't cost you more than ₹5000/-.

There are end number of ideas & topics upon which you can blog.

Take Harsh Agrawal for example, he is the founder of the blog ShoutMeLoud. He earns more ₹55 lakhs each month just with blogging. 

3. Affiliate Marketing:

source: sitechecker pro

Affiliate Marketing is one of the best business ideas that there is. Begin with writing a business plan for affiliate marketing. You need to choose a micro niche to sell relevant third part products.

The idea is to establish your authority in that niche. After gaining people's trust, you will be in the position to influence their purchase decision. 

Affiliate Marketing is no longer a unique business idea. Decades ago it used to be, but over decades people have made optimum utilization of this mechanism and millions out of it, and you can too. 

How to choose the niche?

This begins with a question, what do you desire? what are you incredibly passionate about?

Let's say, you are an avid book reader, here is you cue.

You can set up an affiliate website based on this niche in particular. Write unbiased book reviews in your website. Make your website SEO Friendly so that you can generate passive leads & drive sales. 

Book readers are very selective of their purchases. They spend ample time going through Amazon reviews, Flipkart reviews & the reviews they see their are mixed which causes more friction & fatigue.

Your blog can turn out to be the answer they were looking for.  To drive more sales, you can run social media ads. It's not that costly, trust me. With a mere 100₹ boost on Facebook you can reach to as many as 14000 people. I mean that's no joke, right? 

Just imagine if 20/14000 end up making a purchase. That's a lot of money. 

4. Tea stall:

Tea stalls seems synonymous to Indian Business, doesn't it??

In India is said you don't know what business to start then open a Tea Stall.

Tea Stall business is the most affordable business. Popularly known as 'Chai Ki Tapri'

It attracts crowds from every where, I mean doesn't like Tea. It's a hot beverage that we take in morning after breakfast & evenings snacks.

Tea addiction is all over the place, just for the sake of it's quintessential peculiar taste & aroma people take every now & then.

You can relate, provided that you work in a corporate jungle.

Tea stall business again catering to food sector requires 2 key ingredients.

Taste & Location.

People do not indulge in too much of speculations as they grab their Tea from the stall. It takes just 2 things to influence the purchase decision.

#1. The intoxicating scents of Tea that makes people nostalgic.

#2. Crowds that suggests the quality of Tea. 

Today we are having Tea Startups around us, that promises urban-traditional blend. Just because tea is offered in classy cafe's doesn't mean that they have the typical Tapri wala taste.

Take Chai Villa from Nagpur for example. The Traditional Tea Business is no longer restricted to Tapris. Now they are moving into cafe's. 

5. Tiffin Service:

Do people admire your cooking? Do they wait for you to open your lunch box so that they can dig in?

If you are good at cooking, & still haven't launched a Tiffin service then you should seriously consider starting one.

Tiffin service is small business idea that has potential to expand with leaps and bounds. You don't even have to set up a plant or acquire any piece of real-estate. It's a home based business idea. All you require is your home kitchen & a delivery guy or you can do it yourself if you are up for it.

Tiffin service as a business works really great in India. People from small towns and villages migrate to tier 1 cities for higher education or employment and the number 1 problem they face is getting good food.

That is precisely where your Tiffin Service comes into the play. If the taste & service that you provide are superb then people will be willing to pay the premium.

To boost your Tiffin Service business you should leverage WhatsApp, Social Media & Google My Business.

Leverage the power of personal networking using WhatsApp by putting your tiffin service business as  status update & proliferate the potential reach by asking your friends to do the same using WhatsApp.

Register your business in Google My Business so that you appear in local search results for searches like "tiffin+services+near+me" it will help you more if you can earn reviews as well.

Use Social Media Marketing to advertise your business locally using Facebook & Instagram Ads.

6. YouTube Channel:

If there is one platform where growth is exponential then that is definitely YouTube.

Choose a micro niche that has a lot of demand, people who are incessantly searching for information & no YouTuber has yet been able to resolve their queries.

That's you cue to go.

Take inspiration from Micro Niche YouTube Channels like

Study IQ education, this channel is laser focused on education niche & exclusively caters to only competitive examinations & General Affairs in India.

There are ample of people in India that are career focused and wants to crack competitive examinations but can't afford exorbitant tution fees by institutions. That is where Study IQ education comes at their rescue with their unbeatable content.

7. Online Bakery:

Online Bakery is one of the rising small business ideas in India. The best part, it's a home business idea. All you require is a kitchen and the skill of creating beautiful & scrumptious cakes and desserts.

If you are capable of making bakery items that attracts crowds & compliments then you are half way there to make it big.

The next thing you require is a social media marketing strategy coupled with content marketing strategy & local awareness strategy.

In the beginning you cannot afford the bandwidth to serve customers spread across multiple states. Start small, go big, build your local presence using Google My Business. 

Using GMB your business will exist on Google, plus you also get a free business site by Google to showcase your services & content.

Using Social Media Marketing strategically plan and distribute your content across channels to captivate the prospects so that they give business.

To speed up this process, run Facebook & Instagram ads they are incredibly cheaper and can turn very profitable.

8. Online courses:

"If you are good at something, never do it for free" - Joker

Everybody is incredibly good at that one thing that sets them apart. Create an online course of that one thing & make unbridled earnings. There is no extent to which it can go.

 Put up your courses on platforms like Udemy, Skillshare, Udacity & more. If the content is good and valuable then you will gain positive review that will make you more and more money over the period of time.

In fact, if your course is high rated, then you have the opportunity to run a Google PPC campaign on search network to make more money by urging needy people to enroll for your course.

Online courses have made people millionaires. Take Nathan Chan's Instagram Domination Course for instance.

That course costs ₹1,38,254.31 that is a 6-figure course. Get this, the course is Top Rated, at least thousands of people have bought the course and saw concrete results.

If we multiple the cost of course with just 1,000 then that gives us ₹138254000 that is 9-figures we are talking about.

How to pick a stock in just 2 minutes!

Everybody wants to be rich! And that just in less time. Gentlemen, there is no way you can make money in less time (unless you’re Gambling). Stock market provides you platform where you are not only investing your money but your time, hard work, knowledge.

        Well, money comes from good choices that you make, and the ability to make good choices comes from bad choices that you made in the past. And to make bad choices you must initiate. To minimize the number of bad choices that you’ll make as a beginner, I’ve come up with this Article which will help you to choose Perfect Stock in just 2 minutes. In this article will discuss picking up stock in the finance sector.

Picking up Stock in the Finance sector

While picking up stocks from the finance sector don’t go with the company that doesn’t know or the name you never heard. First of all, make out the list of all the Companies. See the fundamentals of the company. Usually these two types of company which lends money to customers, First which gives a secured loan. Meaning, A secured loan is a loan backed by collateral—financial assets you own, like a home or a car—that can be used as payment to the lender if you don't back the loan.  And another one is Unsecured Loan which is not backed by collateral or financial assets you own.

                        So, while choosing the firm which you want to invest in go for the one who’s distributing secure loan For Example LIC Housing, Manappuram Finance, DHFL PNB Housing, etc.

Also, check for the NPA’s of the company. NPA Means Nonperforming Assets. What is NPA and how to find it check this article—What is NON PERFORMING ASSETS of Company?

Nonperforming assets help us to identify the quality Stocks. Usually, the NPA rate of 0.3% is considered to be good NPA rate.

Check Balance sheets of the company. See whether it has made a profit as compared to the previous financial year.

Another thing which needs to be checked while picking up stocks from this sector especially the banking sector we should check how much Saving accounts and current accounts does it have. Which shows us the liquidity of the company.  

                             That's all for today we'll be discussing many things in this Stock Market Analysis series. Leave your comment below if you have any queries or suggestions.