7 Profitable Business Ideas under 1 Lakh in India

Wondering what are the best business ideas under 1 lakh that you can start? Let us read the article to know about it.

Starting a business is a dream for many, but the high cost of setting up and running a business can often be a barrier. However, it is possible to start a successful business with a budget of just 1 lakh. There are various low-investment business ideas that can be started with this budget and can provide a good return on investment. In this blog, we will discuss 7 profitable business ideas that can be started under 1 lakh in India.

Reasons Why To Start A Business Under 1 Lakh In India

There are several reasons why starting a business under 1 lakh in India can be a great opportunity:

1. Low start-up cost: One of the main advantages of starting a business with a budget of 1 lakh is that the start-up cost is relatively low, making it easier for first-time entrepreneurs and those with limited financial resources to start a business.
2. Flexibility: Many of the business ideas that can be started under 1 lakh in India offer a great deal of flexibility, allowing entrepreneurs to work from home and set their own schedules.
3. High demand: Many of the businesses that can be started under 1 lakh in India are in high demand, including online tutoring, home-based bakery, and pet care services, to name a few.
4. Room for growth: These businesses have the potential for growth and expansion in the future, as demand for their services continues to grow.
5. Government support: The government of India provides various resources and support systems for small businesses, including funding programs, business incubators, and support from local business organizations.
6. Potential for profitability: With careful planning, effective marketing, and cost management, these businesses have the potential to be highly profitable.

Starting a business under 1 lakh in India is a great opportunity for those looking to turn their passion into a profitable venture, and for those who want to be their own boss and have the freedom and flexibility to work on their own terms.

Profitable Business Ideas Under 1 Lakh

Let us look at some of the best business ideas under 1 lakh that can be started in India in detail.

Food Delivery Business

With the rise in food delivery services, starting a food delivery business can be a profitable option. You can start by partnering with local restaurants and delivering food to customers in your area.

The total cost of starting a food delivery business, including purchasing a vehicle and the cost of setting up a website, can be around 50,000 to 1 lakh.

Home-Based Bakery

The second one on the list of business ideas under 1 lakh is a home-based bakery. If you have a passion for baking, starting a home-based bakery can be a lucrative option. You can start by baking and selling cakes, cookies, and other baked goods from your home. The cost of starting a home-based bakery, including ingredients and equipment, can be around 50,000 to 1 lakh.

Event Planning

Event planning is a profitable business idea that can be started with a budget of 1 lakh. You can start by planning and organizing small events like birthday parties, anniversaries, and corporate events. The cost of starting an event planning business, including marketing and advertising, can be around 50,000 to 1 lakh.

Online Tutoring

This list of business ideas under 1 lakh is incomplete without this. Online tutoring is another business idea that can be started with a budget of 1 lakh.

You can start by offering tutoring services in subjects you are knowledgeable in. The cost of starting an online tutoring business, including marketing and setting up a website, can be around 50,000 to 1 lakh.

Personal Fitness Trainer

If you are passionate about fitness, starting a personal fitness trainer business can be a profitable option. You can start by offering personal training services to clients in your area. The cost of starting a personal fitness trainer business, including equipment and marketing, can be around 50,000 to 1 lakh.

Home Cleaning Services

Home cleaning services are a business idea that is in high demand and can be started with a budget of 1 lakh. You can start by offering cleaning services to homes in your area. The cost of starting a home cleaning business, including equipment and marketing, can be around 50,000 to 1 lakh.

Pet Care Services

The last one on the list of business ideas under 1 lakh is related to our furry best friends. Pet care services is another business idea that can be started with a budget of 1 lakh. You can start by offering pet care services like pet grooming, pet sitting, and pet walking. The cost of starting a pet care business, including equipment and marketing, can be around 50,000 to 1 lakh.

How Can Lio Help With Your Business Ideas Under 1 Lakh

To make your dreams come true of having a business of your own and managing it nicely, Lio App can help you big time. The app lets you keep all sorts of data together in a more organized manner. You can keep records, and create tables and lists while working solo or with a team.

The many features of Lio would help you with your retail business as you would be able to maintain all data on a track that you can use at any time. If you want to upload a document, then you can do that. Know the money transactions, cash inflow, profit and loss you are making, Udhaar, list of products, services, and even the teammates and clients that you have all in one place. 

Your retail business ideas will certainly become successful businesses if you go on this journey of managing your business with Lio.

Step 1: Select the Language you want to work on. Lio on Android

Step 2: Create your account using your Phone Number or Email Id.

Verify the OTP and you are good to go.

Step 3: Select a template in which you want to add your data.

Add your Data with our Free Cloud Storage.

Step 4: All Done? Share and Collaborate with your contacts.

Conclusion

In conclusion, starting a business with a budget of 1 lakh in India is a feasible and achievable goal. With careful planning and research, it is possible to start a successful business that can grow and expand in the future.

There are several business ideas that can be started with a budget of 1 lakh, including a home-based bakery, online tutoring, and pet care services, to name a few. It is important to consider market demand, competition, and legal requirements when starting a business, and to take advantage of available resources and support systems.

Whether you are a first-time entrepreneur or looking to start a new venture, starting a business under 1 lakh in India can be a great opportunity to turn your passion into a profitable venture.

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