There are many alternative opportunities for those looking for a profitable business idea. However, alternative business ideas may pose risks because they do not have a certain volume in the market. In this article, altitudementor.com will discuss what small business is the most successful. However, being different is an issue that should always be evaluated for a successful entrepreneur.
What Small Business Is The Most Successful?
In this context, we always recommend that you examine alternative business ideas, these ideas can open your horizons and give you great tips on a subject you have never thought about.
In this context, let’s examine 19 alternative business ideas…
1. APPLICATION PREPARATION
99 percent of the time, you don’t know much about mobile phone applications. However, you will not need coding knowledge to prepare a mobile phone application. There are thousands of IT companies that prepare applications in India. If you have an original idea, you can have an application prepared through these IT companies. You will have an average cost of 10 thousand rupees for this. You will need an original idea to make money from the app. This idea must be aimed at meeting a need of phone owners.
2. PHOTOGRAPHY
Photography is a very comprehensive and promising business idea if handled professionally. After a while, a professional photographer can rise to the top of the industry, fashion photography. Photographers who offer a successful Portfolio option are always improving themselves. While even a few hours of coursework is enough to get started in photography, professional photographers must gain years of experience. However, you should not forget that photography is not primarily a matter of education or experience, it is entirely a skill.
3. CONSULTANCY SERVICES
Firms, companies, factories, businesses, and more… Everyone now needs consultancy on a corporate or individual basis. Consultancy services are rapidly spreading all over the world, focusing on the USA and Europe. Even individual consultancy services alone are among the only sources of income for tens of thousands of people in India. If you plan to provide consultancy services, you should address an issue that is most needed and focus on eliminating the deficiencies in this issue.
4. ONLINE TRAINING
You can also provide online teaching and training services, which are usually organized via Skype. This business idea, which is frequently used by those who want to receive distance education, is especially used for foreign language education.
5. PHONE REPAIR
Smart mobile phones are no longer in our pockets. Smart mobile phones, which have a place in every aspect of our lives, naturally break down frequently. Companies provide support in this regard, but you have to wait 20 – 30 days for phone repair. For this reason, local companies are often used for faster solutions. In this context, opening a phone repair workshop is a profitable business idea and you can achieve serious turnover with a successful staff, especially for software solutions.
6. TOUR GUIDANCE
Especially if you live in a historical and touristic area and have important and in-depth knowledge about these areas, you can work as a tour guide. It can also be considered as a fun business idea. Tour operators generate an average monthly income of up to 6 – 7 thousand rupees. You do not necessarily need to know a foreign language to be a tour guide, but tour operators who speak English are preferred.
7. FOOD CARAVAN
You’ve definitely seen food trailers. These caravans, which are used in areas with high human density, generally earn serious income by selling fast-food products. Most of the turnover generated by these food caravans, where operating costs are very low, is profit. If you are going to get into the food caravan business, you should especially follow events such as festivals and concerts.
8. BOUTIQUE COFFEE – TEA ROOM
Nowadays, there are boutique coffee points that can even compete with Starbucks. These places, which can produce great flavors even with only 3-4 staff and a single location, can generate tens of thousands of dollars in monthly revenue. People love alternatives, and this is one of the issues that successful entrepreneurs pay the most attention to. If you have opened a boutique coffee tea room, of course, you should include different tastes. There are coffee and tea ideas in Asia, Europe, the USA, and Russia that might really interest you! You will need at least 70 thousand rupees of capital.
9. SECOND-HAND CAR SALES
You can earn income by selling second-hand cars, that is, by working at a car dealership. You do not need a document to buy or sell a second-hand car in India.
All you have to do is buy the vehicles sold at affordable prices and put them on sale. In this case, what you need to do: The owner’s goal will be to contact the sensible ones among the advertisements published on sites such as Letgo and Arabam.com and to negotiate hard with the vehicle owners. When buying a vehicle, of course, do not forget to have an inspection done to find out whether the vehicle has any problems. To grow in the car dealership business, you can also rent offices in dealership sites located in almost every city.
10. BOAT RENTAL
If you live in a tourist and seaside area, you can provide boat rental services. Antalya, Muğla, and Izmir are among the most preferred cities in this regard. Apart from owning a boat, you can also rent a boat on a daily or hourly basis by renting it long-term. You can make serious profits, especially during the summer holiday season. There are a lot of customers on the internet when it comes to boat rentals. We recommend that you use social media accounts intensively.
11. DEMOLITION CONTRACTING
A major Urban Transformation project has been initiated in India. In this context, while 10-20 buildings were demolished weekly throughout the country 7-8 years ago, the number is now expressed in thousands per week. In this context, demolition contracting can be considered as a promising business idea. The average capital amount can exceed 420 thousand rupees. Especially for demolition, 2 main machines are needed and these cost an average of 70 thousand Euros.
12. PREFABRICATED HOUSE MADE
Interest in prefabricated houses is increasing day by day. In this context, you can provide services on prefabricated house construction and installation. Businesses that provide construction and installation services for prefabricated houses require a minimum of 8 personnel and an average capital of 600 thousand rupees.
13- BOUTIQUE TEA HOUSE
You do not need a lot of capital to establish a boutique tea house, or otherwise known as a tea house. If you do not plan to design too much for the shop, a small stylish boutique tea house can be established even with 10 thousand rupees. Good profits can be made by selling not only tea services but also toast and other herbal tea products. You can easily work as just one person in this type of tea house. For this reason, we recommend such a job where personnel costs are low.
14- APPLICATION CONSULTANCY
Turnovers on Android and IOS platforms are increasing exponentially every year. It is up to you to benefit from this increase. Recently, even very small businesses have started to take part in these platforms with applications. Businesses that have managed to increase their recognition through these applications are expected to increase their interest in the applications in the near future.
There are not many businesses that provide software consultancy in India, but there are great courses where you can learn it. You can reach the level of providing application consultancy for an average fee of 2 thousand rupees.
15- WOODEN TOY MAKING
Interest in plastic toys is decreasing. Recently, parents generally demand wooden toys, thinking that they are harmful. While you can produce wooden toys at home, you can also mass-produce them by setting up a small workshop. The cost of setting up such a workshop will be 6-7 thousand rupees. Let us note that there has been a great increase in wooden toy factories recently. Especially different ideas are in serious demand in the sector.
16- SPOTTERING
India is a big country and therefore it is possible to reach a serious business volume by doing spotting. It is possible to state that the interest in second hands has increased recently. Low capital is definitely not a problem for spotting. It is possible to do spotting even in your own home. You can easily find products on platforms such as Letgo, Sahibinden, and Gittigidiyor without incurring additional costs.
17- REAL ESTATE CONSULTANCY
If you are confident about human relations, this is a feature you should use. Under basic conditions, you don’t even need any capital for real estate consultancy. You need to be able to reach the owners of real estate that is being sold or rented and get business from them. You will experience difficulties when you first enter the industry, but then you will have the opportunity to get a job sitting at home, even with your phone book.
18- DONER BUFFET
Actually, there is no need to give too much additional information. It is now possible to find a döner restaurant in almost every corner. Doner buffets have no chance of falling due to their business volume and the fact that they are in the food industry. If you do your job cleanly and deliciously, you can definitely make money. Even a capital of 15 thousand rupees is enough to open a doner buffet. In the first stage, 2 personnel will be sufficient.
19- RICE TROLLEY
You can start a new business in 1 day with the rice cart business. You can also make a profit in the evening. After purchasing a rice cart, you can start a rice cart business by producing rice at home. However, in many cities, you will also need to get permission from the municipalities.
