Are you struggling to find the right business platform or wandering which business you can start? Here we are with another blog post to help you out in becoming an entrepreneur by providing you the best business ideas to make money that may change your life.
“All our dreams can come true, if we have the courage to pursue them.”Walt Disney
While moving toward a new trend can be risky, or can be profitable, it depends upon various factors. It is quite difficult to find the right opportunity sometimes. You might have noticed that lots of business suddenly gets popular, whereas some fail. It is because the success rate of a business depends upon the efforts made by you on the right task at the right time in the right way.
Here we have provided a list of best business ideas to make money or you can plan your future with these amazing business ideas and take step towards entrepreneurship.
List Of 20 Best Business Ideas to Make Money – Plan Your Future
1. Food Court/ Food Truck
Food courts are one of the most rapidly growing areas of the restaurant business. Everyone enjoys tasty and hygienic food.
While Food Truck is the best small business idea as people all over the world love to eat delicious and healthy food. It is a business in which you can start with the least investment and earn maximum profits. As people never refuse yummy food if it is provided hygienically.
However, fast food is the primary choice for people who are hungry and are in a hurry also do not have access to home-cooked food. If you provide tasty and hygienic food at a reasonable price, you will gain a quick profit.
FAQ 1: How can I succeed in food business?
Ans: At a time like Covid 19 where it’s tough for people to come out of the home. People would prefer home delivery. But still, you can succeed in your business by providing:-
- Best food quality
- Proper packaging
- Fast delivery
- Quick customer support
It can be one of the finest business ideas to make money if quality and services are properly given to the customer.
FAQ 2: What is the best food business to start?
Ans: Depends on the budget and interest to start any kind of food business. There are few options to start the food business.
- Home Food Delivery
- Healthy Snacks/Diet Food Counter which is most popular in fitness freaks – with proper planning and area it can be stared
- Bakery Business
FAQ 3: Which places are profitable for the food court/ food truck business?
Ans: Selecting a place for a food business is quite tricky. Its better to choose a more crowded place.
- Shopping mall
- Shopping Street
2. Start Dropshipping Business
Dropshipping is a process of fulfilling the consumer demands that do not require goods in the stock. Instead, the person who starts dropshipping will forward the order to the manufacturer or a third-party supplier. Then, the company or a supplier dispatches the order directly to the customer.
In this way, the margin between the cost price and the selling price will be the profit for the person who starts a dropshipping business. It is also one of the best business ideas to make money part-time for additional income.
FAQ 1: Is the Dropshipping Business profitable?
Ans: Yes, Dropshipping is a profitable business in the 21st century because of the number of products sold on E-commerce websites worldwide. It is the safest, as well as a profitable business.
FAQ 2: Is it safe to sell third party products?
Ans: Yes, it is safe to sell third-party products to the sellers. If you make a profit, then dropshipping is the best business to start.
FAQ 3: How much profit is in the dropshipping business?
Ans: The successful drop shipper makes $100,000 per year. Irwin Dominguez is the richest drop shipper who made $1,000,000 in 8 months.
If you want to learn then here is the complete guide to start Dropshipping Business.
3. Refurbish Store/ Second Hand Store
A Refurbishing store or a second-hand store is a great idea to start a business at a low budget. You can open a particular product store or multi-product refurbishing store. For example, you can open a furniture refurbishing store, or you can add anything to it. However, you need skills to repair things, or may you require skilled workers for restoring old or antique objects to the original state. These second-hand shops are also known as places to get great deals.
Restoration experts enjoy producing vintage or antique furniture pieces back to their original states. Some people love to buy old antique 19th-century wooden chairs or cars, etc., or perhaps they prefer to purchase products at a low budget. Either way, you can make money from this business.
FAQ 1: Is refurbishing a business makes you rich?
Ans: Second-hand stores are a slow type of business. It is dependent on what kind of things you sell second hand and what is the condition of that thing. However, this business can be very profitable.
FAQ 2: What type of products is in the second-hand store to sell?
Ans: Seller might sell electronic devices like Mobile phones, Laptops, Computers, or Furniture or Antique Items, etc.
FAQ 3: How much finance do you need to start a refurbish business?
Ans: This type of business needs average finance to start the business because the seller needs to buy a thing and then increase its price and sell it to the customer.
4. Coaching/ Tutor Services
Coaching is a form of the development process in which an experienced person, known as a coach or instructor, helps a learner or client in achieving a specific personal or professional skill. Coaching Centres or Tutors offer classes as per subjects and help students or learners to prepare well for exams or to develop skills.
Starting a tutoring or coaching business can be very profitable. In this business, there is no such huge investment required that makes it one of the best business ideas to make money. The only thing you need is a space if you want to start classes traditionally, or you can conduct sessions over a web-based video conferencing service.
FAQ 1: Is the Coaching business profitable in a pandemic?
Ans: Pandemic has created difficulty in the teaching field as well. However, tutors managed business by taking classes online. They only need a strong internet connection and a laptop. This is also a profitable business.
FAQ 2: What kind of things do tutors need to start coaching classes?
Ans: Tutors need Strong internet to connect with their students via virtual meeting software. Also, they need a laptop or PC and electricity.
FAQ 3: What kind of problems can tutors face while teaching online in a pandemic?
Ans: Sometimes the internet is not working properly. This is a major drawback of the online teaching field. The tutor could not understand who was paying attention in class.
5. Import and Export
An import-export business is an opportunity for those who enthusiastic opportunists and ready to join this International industry for huge growth. As globalization is at the zenith, the import-export business emerges as a new opportunity with huge potential for the long run. Moreover, It can be one of the best business ideas to make money for those who love to travel and want to explore different places. However, It is a challenging task to start; probably the first thing in your mind will be how to start an import-export business.
FAQ 1: How to start an import-export business in India?
Ans: Get your PAN card
Select the type of business
Open account in a bank
Choose your product to export
You need RCMC (Registration Cum Membership Certificate)
FAQ 2: How to make money from Import Export business?
Ans: By becoming an Import Export Agent one can make money easily. It is the simplest method to earn lots of while traveling around the world.
FAQ 3: Which products are most exported from India?
Ans: Top 3 products which are most exported from India
FAQ 4: How much taxes charge to export products from India?
Ans: In India, If you want to export a product to another country, then the Tax office takes 10% value of goods from you.
Here is the complete guide to starting the import-export business.
6. Online Reselling Business
Starting a reselling business means you buy and sell products for profit. A reseller business allows you to resell products purchased from manufacturers, and you can sell it to customers online. Today, becoming a reseller is very easy as you can start using any reseller app that offers a free reseller program. You need to create a reseller account with them.
Then you can buy at a low price, sell at high without traveling to other places, and even you do not require to leave the comfort of your home.
FAQ 1: How much finance is required for doing an online reselling business?
Ans: Reselling business can be started with minimum finance. Because one is buying goods at low prices and wants to sell them again to the customer.
FAQ 2: Is it safe to launch an online reselling business?
Ans: Due to the pandemic, it is the right time to launch such businesses because people are looking for goods in a lesser amount than the original price. Reselling business can be more profitable in such conditions.
FAQ 3: Doing an online reselling business does mean that the owner is the agent between the seller and the customer?
Ans: Yes, the reselling concept is to buy a product at a low price and sell them at an increased price. This means that the owner of such a business is the agent in between.
A Salon or a Spa can be a continuous and profitable business. There are several alternatives to start this business. First, you can open a franchise salon, in which you have to pay money for the opening of a franchise salon, which is already an established brand. It will give you an instant reputation, and it will also give you resources like its own-brand products and advertising campaigns. Secondly, you can take place for a salon or spa on rent or under contract.
Lastly, setting your salon with your own money, your resources, and your assurance towards your hard work and talent will win out.
FAQ 1: Does the popularity of the salon/spa matter?
Ans: Yes, popularity matters. The popularity of salons and spas matters a lot as it shows the brand image and their specialty in their work.
FAQ 2: How beneficial to have reasonable prices of services?
Ans: It is a very good task to have to accomplish. Having reasonable prices can help you to grow in most cases.
FAQ 3: Collaboration with big brands matter?
Ans: Collaboration with big brands can be useful but not in all cases. If you provide good service at a reasonable price, then you don’t have to worry about collaborations.
8. Doorstep Service Provider
Doorstep Service providing business is a platform that allows skilled and experienced professionals to connect with users looking for specific services like Cleaning, Beauty, Repair, Grooming, Painting, etc. This business requires a mobile application and a web site to associate users with the service provider. One of the examples of this business is Urban Company. Urban Company started its business from India, and now it is also running in other countries like Dubai, Singapore, etc.
FAQ 1: Is it possible to build a doorstep service provider business company?
Ans: Yes, it is possible to build a doorstep service provider business. In a situation like a corona pandemic, people normally select doorstep services. As it comes with minimum contact with the people.
FAQ 2: How much finance does it requires to start a doorstep service provider businesses ?
Ans: It will require some more finance than other businesses. It can be a huge business if you do it with proper advertisements.
FAQ 3: Is it easy to build a doorstep service provider business?
Ans: Yes, if you have enough time to train your employees and big finances.
9. Wedding/Event Planner
It is the process of planning and organizing the event. Wedding planning involves budgeting, scheduling, site selection, getting necessary permissions, managing transportation and parking facilities, stage preparation for speakers or entertainers, decoration, security, catering, coordinating, etc.
Weddings never go out of fashion, whether the economy is growing or moving towards recession. There is always a demand for wedding organizers. It requires an initial investment for staff, logistics, and arrangements. The initial investment is low, compared to the outcomes when the business expands significantly. If you love enjoying parties, events, and traveling, then this is one of the best business ideas to make money and enjoy at various sites and meeting with new people.
FAQ 1: Is it a big task to plan a wedding?
Ans: Yes it is a big task to plan a wedding. Consider a wedding as the biggest day of the couple’s life, they want everything perfect. So planning a wedding is a great task.
FAQ 2: Does being a wedding and event planner needs more coordination than any other business?
Ans: Yes, because the wedding consists of various types of Rituals, functions, and events which have to be achieved in proper coordination.
FAQ 3: What are the events you can plan?
Ans: You can plan events like weddings, corporate events, parties, and much more!
In the present market world, businesses demand eye-catching and efficient advertising campaigns to help attract customers. Advertisement agencies specialize in creating and organizing ads campaigns.
If you want to build your advertising or marketing business agency. Then you will require financial support, a detailed business plan, little effort, and passion. But if you are ready for the challenge, the digital world of marketing will make things easier for you. It can be one of the best business ideas to make money if you have some creativity that can attract people, and also you have some digital marketing skills.
FAQ 1: What is the meaning of advertising?
Ans: Advertising means conveying your message to the people who were unaware of your product or service. Advertisement plays a critical role in any business to promote products.
FAQ 2: How much finance does it require to start a marketing Business?
Ans: A small digital marketing company requires generally between $1,800 to $3,000 depending on the website.
11. Gym or Fitness Club
The growing trend of fitness among youth has encouraged many enthusiasts to turn their passion into their business. In recent years, the fitness industry has grown vastly. It can be a great working business model for those who have a great passion for it. And to open a gym or a fitness club, it is necessary to have proper planning, research of the market before investing in it. Otherwise, it may lead to the failure of the business.
FAQ 1: Is it safe to open a new Gym amidst this pandemic?
Ans: Well, to be honest, it would be a risky game to play in these conditions. However, if you provide a better safety and hygiene environment, you could hit this season very well.
FAQ 2: What planning is required to open a Gym or a Fitness Club?
Ans: Planning is essential for any operation. However, if you are willing to open a new gym, then the gym’s location and size is a significant factor you need to focus on.
FAQ 3: Is it worth opening a gym or a fitness center?
Ans: Yes, It worth opening a fitness club or Gym only if it is done with proper planning and market research. Because location plays a crucial role in opening a fitness club. To exemplify, if you are planning to open a gym where people are not interested in maintaining fitness or they are not able to afford fees then all your investment becomes worthless.
12. Freelance Writer
Freelance writers create written content on various topics for readers of websites, newspapers, reviews, magazines, books, and other publications. This is one of the best and trending business ideas to start making money while doing higher studies to manage living expenses without depending on others.
However, It does not require a degree or experience to start a freelance writing business and make a full-time income. You must have a willingness to learn, that how to market yourself, then implement what you have learned, and invest time/money into your business. In this business, you need a computer or a laptop, a high-speed internet connection, a desk, and maybe a printer.
Freelance writers make money by charging clients for content writing on a particular niche. The price of content usually depends upon the number of words. Moreover, it is also possible to charge clients with a fixed price for a specific project regardless of its length.
FAQ 1: Is it necessary to have a college degree for a freelance writer?
Ans: There are no such requirements needed to become a freelance writer. At some level, they will ask you for some certifications. But as far as freelance writing is concerned, you need to have a solid English language command.
FAQ 2: What are the ways by which freelance writers get paid?
Ans: There would be many modes by which writers get paid, like online banking, UPI, Paytm, or PayPal, or Payoneer. However, physical payment is difficult in this profile.
FAQ 3: What is the default salary cycle for freelance writers?
Ans: This answer depends upon the client they work for. Because some of the clients release payments of writers monthly while some of them after each article. Sometimes clients also prefer to pay weekly to their writers.
13. Taxi/Cab Business
Starting a taxi service is one of the best businesses to generate revenue than working under someone else. Running a Taxi business can be profitable and comforting, but it requires care! A taxi firm can start with a few or a single-vehicle. Though which can expand gradually, as profit increases.
Moreover, you can start this business from your home, and later you can move to your own separate office, once you have got enough capital. The taxi business is money accelerating investment and can bring returns on investments quickly, depending on how well this business runs.
FAQ 1: How many taxis required for this business?
Ans: There are no such fixed requirements for taxis to start this business. However, you can start your business with only one taxi or cab as well.
FAQ 2: Is car insurance compulsory for this business?
Ans: Being in a taxi business, one must have comprehensive insurance for his vehicle. Because it is crystal clear that the cab will run continuously, safety would always be better than cure.
FAQ 3: Is it necessary to have a mobile app for Cab business?
Ans: As we can see, everything is getting online these days. Therefore to reach out the maximum number of people, a mobile app would be the right way. However, customers can also track their journey through this.
14. Travel And Tourism
Travel and Tourism businesses are reaching great heights. Traveling became a part of everyone’s life. If you love doing travel planning and help others to have a great traveling experience. Then this business is for you, and it can be a great source to generate good income. You can start your own business, become a travel agent, and start your own business.
Starting a travel business can be honestly economical, with limited staff initially. Once the business grows, you can increase staff and little upfront cost. Travel and Tourism are growing and most demanding industries this time. For those who are passionate about traveling, this can be one of the best business ideas to make money and live their dream life of traveling.
FAQ 1: What charges do travel and tourism companies apply to customers?
Ans: There is a very straight forward thing that travel and tourism companies do not let you travel along with them free of cost. They charge a few amounts, which would be their margin for arranging the trip.
FAQ 2: Is it an excellent option to travel with tourist companies?
Ans: Well, yes. If you are traveling to a place you are not familiar with, then opting for a tourist company would be a great idea as they will give you enough ideas about the same place.
FAQ 3: Is travel insurance compulsory?
Ans: In some countries, travel insurance is mandatory while traveling abroad, while in other cases it is optional. However, it is always preferred to have travel insurance if you are going on an adventure trip. Because it has some risks, so having travel insurance would be a great idea.
15. Brewery Business
Beer consumption has grown steadily in the last couple of years. If you are excited about craft beer and want to enter the growing independent brewery industry, a microbrewery offers a rewarding business opportunity.
Brewery manufacturing is one of the most appealing types of businesses. You can create pleasant drinks. You can entertain a community of people, indulge in the craft of brewing, and provide all kinds of additional benefits like a bar, food, music, etc., and can make good revenue from this.
It requires a precise business plan to start a brewery business, needs to take all your licenses, distributive trade practices, local approvals, and product approvals in place before getting into this business.
FAQ 1: What qualities are required to start a Brewery Business?
Ans: Checking the latest brews and having a close eye on them is the most important quality one must have while entering into this business. Having enough beer stock is an important thing one must follow.
FAQ 2: What do customers look for at Brew club?
Ans: A great atmosphere to enjoy the brewery is what every customer looks for. However, a good taste of the brewery is also essential for any customer. With a wide variety of wines, it becomes popular amongst the customers.
16. Automobile Parking Business
Day by day, traffic is increasing on roads, which leads to traffic congestion. Parking lots are required near places where street parking is limited, and traffic is high. It may be allowed in enclosed secure garages or exterior open areas.
This business can be very beneficial if it is near commercial areas, near hospitals, malls, adjacent to schools, next to airports, railway stations, and near event spaces that attract a large crowd.
There are two aspects to start the Automobile parking business. First is running the owned parking space, and the other possibility is handling the parking areas on account of others. The parking lot business can be a lucrative source of revenue until driverless cars replace manual vehicles.
To open a profitable parking business, you need land, investment for flooring, and some system to collect fees from your customers. This business model does not require hard work once the initial setup is done that’s why it is one of the best business ideas to make money.
FAQ 1: What is required to start an Automobile Parking Business?
Ans: Funds, one of the main factors while opening any business. However, in automobile parking businesses, you need land, a system of collecting money, and investors.
FAQ 2: Is the Automobile Parking Business a good profit?
Ans: Considering the traffic issues everyone is facing these days, this would be a great alternative to solve the problem. It does not need any hard work, just an initial setup, and your earnings will initiate. It can be one of the best business ideas to make money. Moreover, it requires only a one-time major investment.
FAQ 3: What is an ideal place to start an Automobile Parking Business?
Ans: An area near the commercial complex, hospitals, malls, and institutional wings would be a better place to kickstart the business of Automobile Parking.
17. Transportation Business
The transportation business market is ready for new entrepreneurs. To start a transportation business, you will need to determine the nature of the transport business you intend to create. There are various options like a taxi service, bike rental, owner/operator trucking, moving company, specialized transportation service, transporting boats/ships, air transport, livestock transportation, marine shipping, medical transport, etc.
To build the right type of company, you need to analyze other things, such as competition in the area you decide to work. Once you figure out what you want to transport, then you will need to create a plan to establish how you are going to implement these services. It can be a challenging task to open a transportation company if your business plan, finances, and recruitment strategy are not solid from day one.
FAQ 1: How to run a transportation business smoothly?
Ans: Making a perfect plan and considering every aspect of the business is critical for better performance. However, following the same path would be an essential factor in achieving great success in this business.
FAQ 2: What will attract more customers to transport business?
Ans: Usually, people look for uniqueness in everything. However, providing a good deal and better services will always work for you. Apart from this, having a stylish yet simple and attractive logo or a simple mobile application or website portal will pull more customers towards you.
FAQ 3: Is there any requirement for online marketing of Transport Business?
Ans: As most people surf everything on the internet, creating an online platform for your business would be a great deal. As your business profile may reach up to various clients around the world, so it would be better to have an attractive business profile.
18. Organic Food Store
Consciousness about health and fitness is increasing day by day, and that is the major factor in the growing demand for organic food products. Now organic food store products are becoming popular everywhere because of awareness of healthy living and the benefits of organic food products. So, opening an organic food store can be an extremely profitable business. There is a huge scope if you invest in the business of organic food stores. It is one of the best business ideas to make money with less stress and high profit.
Other factors that encourage the growth in the market include higher profit, improving living standards, and favorable government initiatives aimed at advancing the current situation of organic farming in the country.
Success in the organic food store business does not depend only upon the products, also depends on location. The right place for your store is key to the success of the store. So, you need a location within a range of the local community and can easily reach there by any convenience.
FAQ 1: What is Organic Food?
Ans: Products produced without using any harmful pesticides and chemicals or the food that has grown through organic farming are known as organic food. These food products are grown naturally, and this food is good for human health as it contains more nutrition.
FAQ 2: What are the benefits of Organic Food?
Ans: Undoubtedly, Organic food contains more antioxidants and nutrients than regular food. Organic meat, eggs, and dairy products are obtained from animals, and they are provided natural feed, so it is great for health.
FAQ 3: Why Organic food costs more than regular food?
Ans: It is undeniable that food that comes without any chemicals will take more time to nourish itself. As well, it comes with health benefits, and it requires little more effort to produce. Therefore organic food does cost more than normal food.
19. Online Pharmacy
Starting up an online pharmacy store is one of the best business ideas to earn money, where you not only achieve your entrepreneurial dreams but also get the satisfaction of helping people in living a healthier life. With increased development in the world, simultaneously, there has been a significant increase in the types of diseases as well. Medical conditions were not so good in the past, and there was less requirement.
Now people want good medical facilities, hospitals, and medicines with fewer hassles. Moreover, they want convenience within minimal time. It seems like a huge task to go to the nearby stores for any medicines because it may take time. People avoid standing in lines due to COVID-19 and the fear of catching the disease by traveling to hospitals and involved.
Here the online pharmacy business can solve this concern as online pharmacy sells prescriptions over the internet and gives patients the option to talk to a pharmacist either online or over the telephone rather than visiting a store physically.
Online pharmaceutical businesses enable buyers to buy medicines, health supplements, nutraceuticals, etc. without visiting the chemist stores or facing it will be delivered to the doorstep.
It is necessary to take clearances from the regulatory body and also the license from the legal authority.
FAQ 1: Is starting an online pharmacy a good business ideas ?
Ans: Yes it is one of the great business ideas to expand the business and make money, this opportunity is a high booster for the pharmacy business. Nowadays, people are more comfortable with online shopping, moreover, in situations like the corona pandemic, everyone avoids to move in public places. Therefore promoting this facility may take you up to a huge profit.
FAQ 2: What is required to start an Online Pharmacy?
Ans: In simple words, a perfect setup along with few people to deliver medicines and a simple mobile application would be an ideal combination that you will need to start an online pharmacy.
FAQ 3: Which licenses are required to start a Pharmacy business?
Ans: Retail Drug Number and GST license are must documents while starting the pharmacy business.
20. Sell Online Courses
Most of the entrepreneurs prefer to sell online courses as an additional source of income. As online courses require less cost and time to build, also there are no shipping costs involved in it.
The growing education market, where knowledge is power, has also raised the demand for online courses. Undoubtedly this is a booming market globally, and research has proved it.
If you are an entrepreneur, freelancer, author, coach, or career professional and trying to figure out the method for extra income then this business idea could be the best solution to overcome all these challenges to make money.
FAQ 1: What qualities are required to sell online courses?
Ans: If you are looking to sell online courses, you must have a skill with in-depth knowledge in any particular field which you can teach others. If the audience likes the way you present your specialization and want to learn then they would love to buy that course.
FAQ 2: Is it a good idea to start selling online courses?
Ans: Yes, this is a great idea. Most of the people are now earning money from this by doing it as a side business. Nowadays, people (especially students) tend to learn things online. That is the reason it is one of the best business ideas to make money or to create your passive income source.