Creating a profitable small business is no walk in the park. The struggle to make ends meet, keep up with the rising operational costs and crackle-free cash flow is real. But, not anymore! With the changing economy, expanding opportunities, evolving technologies, and growing needs of an ever-increasing population, it’s never been easier for budding entrepreneurs to get their venture off the ground. Today we talk about most profitable business ideas in Mumbai which you can start with very low investment.
Mumbai offers countless business ideas for budding entrepreneurs. From established names like Capgemini, Siemens or Accenture to numerous niche players that focus on specific market niches like legal services, car dealerships or photography studios. And yes! All of these business ideas in Mumbai pay consistently good profits too. Are you thinking of starting a small business but not sure where to begin? Well, here are some small business ideas in Mumbai with unbelievable profits.
Most Profitable business Ideas in Mumbai with Small Investment
- From Cafes to Confectionaries
- Digital Marketing Agency
- Car Rental Company
- Photography Studio
- Event Management Firm
- Customised Goods Manufacturing Company
- Healthcare business idea
- Online Selling Platform with QPe
1. From Cafes to Confectionaries
Cafes form the backdrop of many a small-time entrepreneur’s start-up plan. In fact, the Mumbai-based franchise of Cafe Coffee Day (CCD) has nearly 2,000 cafes in India and a few in South East Asia. But, if you’re looking to start a small business with a potentially good profit, then why stop at cafes? Why not try your hand at running a Cakes Shop or bakery, a confectionary store, or a grocery store.
Confectionaries, in particular, offer great profit potential for aspiring entrepreneurs in Mumbai. Baked goods, bakery products, confectionaries, and ice creams are only a few of the many product categories that can find a good market in Mumbai. You may expand further and take your confectionary online and start getting orders with the help of eCommerce platforms such as QPe.
2. Digital Marketing Agency
Digital marketing agencies have been a boon for businesses today. With the emergence of new digital technologies, marketing agencies have become a necessity for all businesses. There are various niches in the digital marketing industry, and you can find one that suits your product or service best.
For example, you can offer your services to various kind of business niche such as health-related business, beauty products or food businesses etc. With the right digital marketing strategies, you can help products-based businesses to find the right target audience.
You can sell your digital marketing services to every kind of potential customers with the help of QPe store. Talking of which, the Ecommerce Platform QPe has launched new partnership program to help digital agencies to make marketing strategies bigger. You can create ecommerce website or store for your clients without any technical expertise. Check out QPe’s pricing plans of Partner program.
3. Car Rental Company
Owning a rental car business is one of the many business ideas in Mumbai that can generate good profits for entrepreneurs. A car rental company can be run as a sole proprietorship or a partnership. Unlike taxi cabs, car rentals are not subjected to permits, registration, or inspections.
The Mumbai traffic is one of the most challenging aspects of running a car rental business. However, with the advent of GPS-enabled automotive navigation systems, the process of driving from one place to another has become easier. If you’re looking for a business that offers both good profit margins and high growth potential, then car rentals could be your best bet.
4. Photography Studio
Photography is a growing trend in both corporate and personal life in India. With the growing demand for photography services, both in-house and freelance, there is a plethora of opportunities in Mumbai.
If you’re a budding entrepreneur who wants to start photography studio as a small business, then you’ve landed on the perfect page. The photography studio business has several potential profit avenues, including photo editing, wedding portraits, event management, corporate events, and music albums.
It’s best to start off with three to five photography projects. Once you’ve gained enough experience, you can expand your business by taking up more photography projects or by opening a photo studio in collaboration with another individual or entity. You may sell your photography services such as candid photography, traditional photography, portfolio shoot, ecommerce photography etc.. Needless to say, you can manage all your photographs inventories via an Ecommerce website. Try QPe’s free website builder to create your eCommerce site today.
5. Event Management Firm
Both personal and corporate events are increasingly popular. An event management company can help you with any type of event, be it corporate, social, cultural, or marriage events. You can earn a huge profit just by entertaining, managing the event.
6. Customised Goods Manufacturing Company
If you have an idea for a product that doesn’t exist in the market, then you can start an investment-friendly start-up based on the process of manufacturing and selling customized goods. There are several industries that cater to the demand for customisable goods.
These industries include tourism, fashion, food and beverages, health and wellness, and sports. These industries are both mature and highly lucrative, and they provide a good profit margin as well.
7. Healthcare business ideas in Mumbai
The healthcare industry holds great promise for new entrepreneurs looking to start a business idea in Mumbai. With a large population in the age bracket of 30 and above, the healthcare sector offers good profit margins with a high growth potential. The healthcare sector is highly regulated in Mumbai, and hence, it offers good protection for new entrepreneurs.
8. Setting up Selling Platform with QPe
Selling products through an online marketplace or a personalised selling platform is one of the very popular business ideas in Mumbai. If you are looking to earn good profits with low initial investment, you should also launch your eCommerce business. today. The online marketplace business model revolves around the sale of goods and services. The goods and services sold on the marketplace can be anything ranging from food items to electronics and crafts. Decide your niche or category and start selling online today.
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Guide to Selling on Facebook Marketplace: Tips and Rules to follow
How QPe can help You leverage business ideas in Mumbai?
To run an online marketplace, all you need is a good online storefront and an easy-to-access inventory management system. By selling goods and services on your online store, you can generate passive revenues. Additionally the goods and services sold on your e-commerce store can be anything related to your business idea.
You can also promote your products using the in-built marketing tools QPe provides. Not only this, QPe will provide you everything with a one-stop solution for all your business aspects whether it is payment, delivery, POS or social media marketing.
So what are you waiting for? Pick your niche and start your small business in Mumbai or India so you can earn a huge amount of profit, be it your side hustle or your main streamed income.
