Read this blog article to find out what type of business you might want to start in India today – from basic yet lucrative home services like handmade wares to easy-to-set up industrial and agricultural businesses.
What are some unique business ideas in India?
There are plenty of businesses that are popping up like mushrooms in Indian cities. Many of these new startups not only look appealing on the outside, but interesting and innovative as well. Some of these concepts that are popular with city dwellers include delivery food trucks and online grocery stores. Other companies are making headway in technology. Some of the businesses people are discussing a lot, and which are seemingly gaining traction – is an online lemon India is an amalgam of temples, happiness, magic, and astrology. There is a lot more to the country than art and dance. These are just a few examples of businesses that are still high on the list in India today. India has a plethora of industries, especially in the tech and business fields. There is no one specific industry that is considered most dominant, but there are many prominent businesses in local or global markets. There has always been demand for technology-it seems like even small companies want to tap into the rapidly rising marketplace because it pays well. Entrepreneurs can consider building voice-enabled devices, computer servers and systems, or even selling services if they want to garner international attention.
Types of business ideas in India
Nearly everyone knows and has maybe heard of the movie ‘Slumdog Millionaire’ right at some point. If you do, you know that Jamal lives in poverty with his family in Mumbai where they live out of a small windowless room and hand over everything they have to survive. One particular night when things were looking bleak, the police choose two random people from their town, a four year old beggar boy named Latika and a gas-meter reader Jamal.
They stumble onto a fortune but first they have to unlock it by solving three clues left behind by the show’s mysterious host “Master” for them.
In India there are many types of businesses that can bring prosperity to any entrepreneur or business person who is willing as well as eligible to carry out the same. There are various categories of businesses such as agriculture, restaurants and hotels, transport, extortion and also education.There are There are innumerable business ideas in India, with some of the most popular being: Food and Beverage, Education and Wellness, Fashion and Apparel.
Utilizing a nimble phone sales model
Few people realize that a successful model for phone sales in India was pioneered by Apple! Apple successfully sold and marketed their phones through the use of mobile stores, and this field has become very competitive in the country’s market. You see, most Indian customers have an unending need for new things and tend to buy nearly 60% more than they actually need. Despite this plethora of huge marketing spend on devices, consumers are consistently upgrading their devices at the earliest opportunity. This is because smartphone ownership rates are growing astronomically.
A sleek alternative to a clunky website
India is a known hub for start-ups, so if you are one yourself, the earlier you adapt with the times, the better for your business. One way of doing this is by creating an alternative to clunky websites that are painful to navigate on a mobile device. A sleek move would be something like an interactive website which also offers customers leisure video content.
A niche where the competition is sky high
In India, General business comes as a single entity and is something we see as a one size fits all market segment. In contrast, niche businesses offer the uniqueness of something and keeps competitors at bay by creating a niche that only they can evolve to in the unlikeliest way.
Making small businesses sound big
India is a diverse country, home to a range of industries and possibilities. Major enterprises have made it their purpose to make small businesses sound big – they market in the local lingo that most people can relate to. The focus goes back on physical products and the service provided by them.
Read Also : Proven strategies for growing your business in a private sector
Making customers feel an expert
This is a challenge with any business and yet it’s an important task. As customers see lack or confidence in the marketing, they lose trust in the brand. Keep your customers feeling confident and keep them thinking they know you inside and out. Even when they are not experts on your product or service, many customers will be seen as knowledgeable by other consumers who are buying something at that same time.
Hosting an offline event that regularly runs
Popular offline events for business get the most of social media buzz. Offline events that run regularly and often offline events, such as workshops or conferences, will tap into a bigger audience than those which require an online presence or require some online buzz from guests.
2. Search metrics: Those with higher rankings in search engines typically have larger audiences than those that Planning an offline event that regularly runs is a brilliant idea. It creates a memorable and aspirational experience for your audience, every month. There are many types of offline events: Crossfit, boot camps, martial arts classes, race days and youth summits.
