In recent years, the trend of entrepreneurship has been on the rise in India.
Television shows like Shark Tank India have ignited the entrepreneurial spirit in people, inspiring them to pursue their business dreams.
However, one major hurdle that often prevents people from starting a business is the lack of financial resources.
But worry not!
We at KeeVurds have got your back.
In this article, we will look into five business ideas that can be started with just 5,000 Rupees. These business ideas can be started right from your home and have quite a good earning potential. We will also list the important skills that you require to start working on these businesses.
So, let us start with the list:
1. Tiffin Services
Initial Expenses For: Tiffins, cooking equipment, brochures, etc.
Skills Required: Basic cooking skills, food safety knowledge
Business Type: Offline
Earning Capability Per Month: 20,000 – 30,000 Rupees in the beginning
Tiffin services are in high demand, especially in urban cities like Delhi, Mumbai, and Bangalore, where people often struggle to find time to prepare their own meals.
With just 5,000 Rupees, you can start your own tiffin service. You’ll need some basic equipment and ingredients to start this business. Begin by offering a menu with limited items, and as your customer base grows, you can expand your offerings and service area.
2. Reselling Products Online
Initial Expenses: Negligible
Skills Required: Basic Internet and communication skills
Business Type: Online
Earning Capability Per Month: Varies, but potential for scalable income
The internet has opened up a world of opportunities for budding entrepreneurs. With 5,000 Rupees, you can start a reselling business online. Platforms like Meesho, Shopsy, and various e-commerce websites allow you to sell products without holding inventory.
You can choose to resell fashion items, home decor, gadgets, or anything else that interests you and has an audience to start with. The key is to establish a strong online presence and create a network of satisfied customers.
3. Handmade Jewelry
Initial Expenses For: Having the initial stock
Skills Required: Basic jewelry-making skills, creativity
Business Type: Offline and Online
Earning Capability Per Month: 10,000 – 20,000 Rupees in the beginning
If you are creative enough and enjoy making jewelry, you can consider starting a handmade jewelry business. You can create unique, personalized pieces and sell them both offline, at local markets, and online through platforms like Etsy or Instagram.
The initial investment covers materials and tools, and as your skills improve, you can expand your product range. And, you can also build a website later to have better branding and increase profitability.
4. Online Consultancy Services
Initial Expenses For: Website setup and lead generation
Skills Required: Expertise in a specific field or industry, communication skills
Business Type: Online
Earning Capability Per Month: Varies, but scalable
With the increasing use of digital mediums, the opportunities in the digital consultancy field are also increasing. If you’re an expert in finance, marketing, legal matters, or any other field, you can establish your consultancy business online. The initial investment will be used for setting up a professional website and marketing to attract the first few clients.
Your website will help you in showcasing your expertise, testimonials, and knowledge to your target customers. You can also get bookings from the website for consultancy services. Once your business grows, you can hire a team to scale the services to a large audience base.
5. Content Writing Services
Initial Expenses For: Internet Connection
Skills Required: Proficient writing skills, knowledge of grammar and style
Business Type: Online
Earning Capability Per Month: 5,000 – 20,000 Rupees
If you are good with writing content for online platforms, content writing might be the perfect business for you. The best part is that it requires negligible initial expenses – all you need is a computer and an internet connection.
There are a number of content types that a business requires including blog articles, social media posts, email newsletters, and more. You can start by finding content opportunities from
- Active business communities,
- Social media platforms like LinkedIn, Facebook, and Twitter
- Platforms like Fiverr, Freelancer, etc.
The five business ideas listed above require an initial investment of just 5,000 Rupees or even less, making them accessible to a wide range of aspiring entrepreneurs. You can choose the business that aligns with your skills, interests, and local demand. Remember, the key to success is dedication and the willingness to learn and implement as you go.