To prepare you, I am going to talk a little bit about the general business landscape as it is in 2020, and then we will dive into the business ideas.
General Business Landscape in India
The India business landscape is prepared to grow in multiple areas due to several factors such as international trade, government stimulus, and an overall strong developing country. With a young population that is rising to leadership and technology driving growth and innovation, there are several business opportunities in multiple sectors that we are going to explore today.For each business idea, I am going to talk a bit about the opportunity behind it, its startup cost potential, and where you can get started to execute. There is bound to be a successful business idea in here for you.
1. Skyscraper Greenhouses
Land is becoming a scarce resource as the population and city densities grow. This has created the problem of providing fresh vegetables and fruits to communities at a cost-effective and sustainable manner. By building greenhouses that are vertical, like a skyscraper, with multiple levels of different fruit and vegetables, one could harvest produce for a city or town using a building.
This would eliminate transport costs, allow for fresher food, and take up less space than the traditional farm. Additionally, over time robots could manage each level of the facility, in conjunction with sensors to monitor temperature, humidity, etc, to grow the perfect produce.This is a high-cost idea because a building would need to be bought, however, it would provide a lot of great value to the community and could generate a lot of money in the long run.
2. Vinyl Record Developer
In 2016, Vinyl records hit an all-time high for sales EVER in their history. This shows that there is a strong niche market.
For this company one would setup a small shop or warehouse to develop and print vinyl records. There are not many people that do this so providing this could serve a great niche audience. Investment for this would be related to machines that could do this. If you are interested in the music industry, this is a great business idea for India.
3. Website to App Conversion Company
With the rise of the smartphone and higher bandwidths of internet being available, there is growing demand to convert their websites or web apps into native mobile applications. This is not an easy process, so this business idea for India would make it easy for the business owners.
If you already have knowledge of coding and how to make apps, this would be a low-cost business idea. As well, with the significant amount of programmers one has access to, it would not be hard to find a partner for this business idea to keep things low cost.
4. Online Conversion Specialist
Again, with the rising demand and need for small businesses to engage with customers online, especially mobile, there are business ideas that will help these people struggling. An online conversion specialist company would involve helping people convert their online traffic visitors into sales.
Similar to the web designer business idea, this is a low-cost idea that could be executed on with just a computer and knowledge about how to write copy, and generate pages that convert people to buyers. This differs from the web designer business idea because you would primarily be working with companies that have established websites and want to convert their existing traffic into more sales.
5. Web Designer
This business idea is not revolutionary, has already been done, but there is high demand for this. Many of the reports show the importance for small businesses to create websites for their stores. With this comes the need for web designers to help them as not all small business owners want to do this themselves.
This startup would be low-cost as you would only need some web designing skills and a computer to execute. Next, you can begin by approaching every local business in your town to see if you can help them.
6. Blockchain Ledger for Shipping & Border Customs Company
Another blockchain technology company. This time it is designed around helping speed up and create efficient border shipments. With the huge exporting economy that India has, there is a lot of shipments that get opened and checked to avoid drug smuggling.
With the blockchain ledger for shipping, companies would register each package sent with the blockchain so customs could verify who it was from, what it is, and where it is going without having to open the package. This would save a lot of time and money.To execute on this business idea, knowledge of how blockchain technology is developed would be needed. Once created, one could approach various e-commerce companies as potential clients to help them ship things faster, and make more money.
7. IoT Home/ Builder Consultant
The Indian government has released plans to support the development and innovation that is happening with the Internet of Things technology. This support is a huge opportunity for business women and men to create a startup that services this area. One related business idea is to be an internet of things Home Builder/ Consultant.
You would work with developers or existing homeowners to transform their living space into one that is automated to their liking. Turning their regular home into a Smart Home.This business idea would be low-cost to start, as the parts for the IoT installations are quite cheap, and you could find clients that would pay you up-front for the services.
8. Internet infrastructure Building Company
There is significant growing demand for stronger and better internet throughout all of India. Although there are currently providers, there is a lack of internet speeds in the rural parts of India, and even some issues with connectivity from the larger corporations. This leaves the business idea for starting an internet infrastructure in perfect light to execute.
Although this business idea is not low-cost, it would have a lot of positive impact on people and could make a lot of money.
9. Mobile Ads Specialist for Businesses
The use of mobile phones in India compared to that of the United States or Canada is incredibly different. Cell phone usage is high, and there is growing demand for continued use as well. This presents the business opportunity to develop mobile advertising for companies that do not have the knowledge or bandwidth or do this.
This idea would specialize in creating mobile ads for companies so they can reach potential customers more effectively than traditional print media.It could start out as a low-cost business idea if you have some marketing or advertising skills, as you don’t need much to create mobile ads.
10. Biometric Sensor Company
Biometric sensors are the kind of sensors that scan for your eye or your finger to specifically identify an individual. With the growing need for higher security measures, and the support from the Indian government for the Internet of Things technology, it won’t be long until people are putting biometric sensors in everything.
This business idea would develop and sell these sensors to companies that would install them into products or services. There would need to be a medium-sized investment to make this happen as one would have to rent or build facilities to manufacture the sensors.However, there can be high financial rewards as multinational companies would likely want to do business with you as they use biometric sensors more and more.
Now that you have these ideas, what are you waiting for? Let me know in the comments.
Comments
Post a Comment