When you think about it for sec, 3 lakh rupees is a pretty decent initial investment to start a business, especially in a country like India where the labor is cheap and the cost of living is pretty awesome. Now, it is true that you must be very picky and know what you are doing before you start your hard-earned money into some small-scale business venture, you know? You don’t wanna gamble on your savings, that’s what we mean by this. But don’t you worry though, in today’s post, we will be taking a good look at the some successful business ideas under 3 lakhs in India for 2024, so you don’t have to worry about losing your savings over a business. Alright, now let’s get going, shall we? Also don’t forget to check our list for the business options under 2 lakh rs. in India.
Business Under 3 Lakhs Rs. in India
1. Cloud Kitchen
Now, just picture this, You’re cooking up some super delicious meals right in your own kitchen and then selling them all online. That’s exactly the whole concept of a cloud kitchen. Forget about needing some big, fancy restaurant space, all you need is a kitchen that does the job. When we talk about investment, it’s mainly about getting your hands on some top-notch kitchen gear, the best ingredients you can find, and yeah, a little chunk for marketing your food online. You’re probably looking at an investment of around 1 to 1.5 lakhs, but hey, don’t forget to keep a little stash for those packaging and delivery expenses, alright?
2. DIY Arts & Crafts
Alright, let’s talk about if you have this knack for creating things, you know, with your own hands. If that sounds like you, then boy, the DIY Arts & Crafts scene could really be your thing. It’s all about letting your imagination run wild, from whipping up some cool candles to putting together some amazing jewelry. The big spend here is mostly on the raw stuff you need, like maybe some wax, beads, or different fabrics, and perhaps a few tools here and there. You might end up spending somewhere between 50,000 to 1 lakh rupees, but that really depends on what kind of crafts you’re diving into. Just remember one thing, in this gig, your creativity is the real MVP, and don’t even get us started on how social media can be a total game-changer in showing off your creations.
3. Digital Marketing Agency
Now, let’s talk about something that’s pretty much a hot topic these days, shall we? Digital Marketing. See, in our world today, it’s like every business is racing to shine online. And guess what? You, yes you, can be the one to help them out with your very own digital marketing agency. All you need is a computer, some solid internet, and of course, your marketing magic. Your cash? It’s mostly going to dive into some nifty software tools and maybe a couple of online courses to sharpen those skills even more. We’re talking about an investment of, say, around 1 to 1.5 lakhs, covering a professional-looking website and your first few steps in marketing. And if you’re the kind of person who just gets tech and loves scrolling through social media, then bingo! This could be your very own treasure chest.
4. Photography Business
Alright, let’s snap to the next big thing, Photography. But yeah, don’t think like it is just hitting that shutter button and you are all set. Nah! You must know the art of photography, and capturing those once-in-a-lifetime moments where memories are saved so that they can last for a lifetime. And yeah, now you might be wondering about how much this business venture is gonna cost you at first, well, you see, the biggest chunk of your budget? That’s going to be a top-notch camera and some quality lenses. We’re looking at something around 1 to 1.5 lakhs or even 2 lakh rupees. And don’t forget a little extra for the must-haves like tripods and memory cards. Plus, you’ve got to splash a bit on crafting your online gallery.
5. Home Baking Business
Now, how many times have people just couldn’t stop talking about those delicious cakes and cookies you bake? Well, if that’s the case then it really is the high time you turn this awesome talent of yours into a full-blown business! Kickstarting a home baking venture is mainly about getting your hands on a top-notch oven and not to forget, those high-quality baking supplies. You’re looking at an initial shell-out of somewhere between 50,000 to 1 lakh rupees. This cash will go into snagging those nifty baking tools, the finest ingredients, and oh, those cute packaging materials. Plus, with the power of social media today, flaunting your baked wonders to pull in customers is just a piece of cake.
6. Customized Products Business
Now, let’s talk about transforming everyday items into something extraordinary with your personal touch. That’s exactly what diving into the customized products business is all about. Why not start with something like personalizing mugs, keychains, or even T-shirts? Investment-wise, you’re mainly looking at pouring funds into equipment like a printing machine, and we’re talking about 1 to 1.5 lakhs here. The rest? Well, that goes into raw materials and setting up a quaint little workspace, which could even be right at your home.
7. Event Planning
Now, think about this: do you get the thrill of organizing those fun parties or cool events? Well, if that’s your thing, then stepping into the world of event planning might just be your golden ticket. Here’s the deal, it’s more about how savvy you are with organizing stuff and less about dumping a load of cash into it. To kick things off, you’re probably looking at an initial outlay of around 1 to 2 lakh rupees, mostly for getting your name out there and hooking up with the right crew like caterers, decorators, and those always-essential musicians. The real magic of this business? It’s all about your knack for weaving together unforgettable moments, be it someone’s dream wedding, a blowout birthday bash, or even those swanky corporate meetings.
8. Food Truck Business
Alright, all you food aficionados out there, buckle up, because running a food truck business could be your highway to heaven. Picture this: a restaurant, but on wheels. The big slice of your budget pie, somewhere in the neighborhood of 2 to 2.5 lakhs, is gonna be parked in getting that truck and launching your kitchen on the road, quite literally! Plus, you’ll need a bit for those all-important permits and the initial batch of ingredients. The coolest part? This venture is your ticket to roaming around, trying out different spots and flavors, and literally serving up your culinary wonders right where the folks are.
9. Online Tutoring
Now, in this age where everything is going digital, did you know that your knowledge could literally be your biggest asset? Yeah, that’s right, starting up an online tutoring service isn’t just fulfilling, it’s pretty much a gold mine if done right. And yeah, the investment is quite minimal too. We are talking about getting a decent computer, ensuring a stable internet connection, and maybe spending a bit on some cool digital teaching tools. You’d probably need to shell out something like 50,000 to 1 lakh rupees, but that’s about it. And the best part? Whether you’re a pro in academics, know the beats of music, or you’ve got some other skill that people might want to learn, online tutoring allows you to connect with eager learners all over the world, right from the comfort of your home. How cool is that?
10. Organic Farming
Alright, for those of you who have a thing for growing stuff and are all about that green life, organic farming could be your ticket to not just earning money, but also doing something truly rewarding. Let’s say you’ve got a bit of land lying around, your main investment is going to be in seeds, those all-natural fertilizers (because organic right!), and maybe a few basic tools to get your farming game on. You might be looking at an investment of about 1 to 2 lakhs, give or take. But hey, organic farming isn’t just about planting and watching stuff grow. Nope, it’s a whole lot more. It’s about cultivating health, embracing a lifestyle that’s sustainable, and, let’s face it, it’s also about joining a movement that’s all about going back to our roots.
Conclusion
There you have it. Now yeah, you must do a lot of digging on your own to get to know every nitty gritty of your favorite business idea from this list. Make sure you have a strategy or plan of some sort by your side before you jump into the business landscape of India.
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
