Kolkata is a hub for various import and export businesses. Thus, this is the right place to start your first business. Are you looking for business ideas to start in Kolkata? Before starting a business, it is important to learn about investment details and speed of return on investment. This article gives you the list of business ideas for Kolkata market. These business ideas are tailor made for Kolkata’s market condition and current trend.
Investment – 30,000 to 50,000
ROI – three to five months
If you have flair in flower decoration and creating gift bouquets with flowers, you can start a florist business. A website would help you to increase business idea’s growth. Create samples and post those pictures in your website. You can also add other custom gift making services to increase your customer base. Location is very important. You need to have a network of flower farms and other dealers to get inventory at competitive prices and gain a profit margin.
Investment – 20,000 to 60,000
ROI – 4 to 5 months
Most of the businesses are in need of a website. Do you know website designing and hosting? You can start your website business with very less investment. You need to spend on computer, software package, office space (optional), seating arrangements and printing essentials (if needed). If you are not versed in website building, you can hire a website designer. As you find more business opportunities in Kolkata, you can add more services to the business like graphic designing, printing services and others.
Data entry solution
Investment – less than 5,000
ROI – one month
A lot of companies need data entry solutions. Companies usually hire freelancers who work from time to time. You can hire a few candidates and get data entry projects from various clients. You can create a niche like data entry solutions for insurance companies and so on. If you could get a few loyal customers within the first three months, you can grow at a rate of 10% per annum or even more. Start the business with just one other candidate and you can hire more as your business grows. Every freelancer would be your competitor. Thus, you need to be professional in your business proposal and provide competitive prices as you can handle more work load than a single freelancer.
BPO or call centre or telemarketing service
Investment – less than 5,000
ROI – 3-4 months
All you need is a computer, internet connection and phone connection to start a telemarketing company. Your client would provide you a list of contacts and you need to use your communication skills and convince them to become your client’s customer. For every successful conversion, the client company would pay you a commission. The initial investment is very less and thus, breaking even is easier if you acquire even one corporate client. The business idea’s growth depends on the type of clients you acquire and your persuasion skills.
Home based coaching centre
Investment – 20,000 to 30,000
ROI – 6-9 months
If you have a skill that you can teach to others, you can start a business out of it. May it be HTML coding or embroidery, you can start a coaching center with that skill. If you are planning to use a room in your house, you can reduce your initial investment. Else, you need to rent a small commercial space. Seating arrangements, stationery items, blackboard and other essentials would be your initial expenses. You can also hire an instructor to teach the students. As your business grows, you can hire a few more instructors and add a few more courses to your curriculum and develop your business opportunities.
Investment – 1, 00,000 to 5, 00,000
ROI – 1-3 years
The type of retail is your choice. Starting from boutique to supermarket, there is always a demand in retail sector. Add online purchasing option to increase business opportunities. The initial investment depends on the type of inventory you stock, the location you choose and so on. Before you start a retail store, check your location and make a list of common retail stores in that locality. Find the demand and start a retail store that would satisfy the needs of local crowd.
Mobile and computer repair shop
Investment – 60,000 to 1, 00,000
ROI – 2-3 years
Mobile phone users have increased in number. The number is sure to increase faster in the coming years. If you are an expert in mobile repair works and computer repair works, you can start a repair shop. Add value added services like home delivery of repaired items and so on. Do not spend a lot on infrastructure. Hire a few employees and spend more on equipment. As your business grows, you can add more services or increase the coverage area.
Investment – 30,000 – 50,000
ROI – 3-4 months
Your business model focuses on providing internet services to your clients. Your initial investment includes computers, internet connection, phone connection and other related hardware. You can also add a cafeteria to your cafe to increase the value added services. Printing, scanning, e-bills, booking tickets and resume writing are a few other value services that you can provide with your business.
Investment – 5,000 to 15,000
ROI – 4 -5 months
You can start your own recruitment firm with minimum investment. Get vacancy details from your clients and use internet to get in touch with eligible candidates. Call them for an initial level interview and shortlist them. Send the best candidates to your client company. If the company selects your candidate, you would be given a commission. If possible, you can also charge the candidates a fee for using your service.
Investment – 70,000 to 2, 00,000
ROI – 1-3 years
You would be familiar with the business model for a restaurant. You provide food and related service to your customers. You can choose the type of food that you are skilled at or hire human resource to create an interesting menu. Starting a vegan or gluten free restaurant is current trend. If you are ready to spend more capital, you can take up franchise of international brands. You need to spend on franchise fee, seating arrangements, equipment, marketing and so on. The speed of business idea’s growth depends on acquiring loyal customers. Location is the key for this business.
These are the top business opportunities to start in Kolkata. These business ideas are tailor made for Kolkata and can be modified to suit any other city in India. Before starting a business, learn about the market condition, government regulations and other important information. Just because you have a commercial area, you cannot start a business. Your interest and passion are very essential. After reading through all the ideas, take a paper and write the maximum capital you can invest. Note down your interests and choose an idea accordingly.
No matter which idea you choose, you need to keep three things in mind. The first one is resilience. You might not create a successful start-up from day one. You need to jump back from failure and face the challenges again. Hard work is the second element for success in these business ideas in Kolkata. Without hard work, your million dollar idea would fail too. The last element is uniqueness. There are thousands of businesses in in this city. Your business should be different for your customers to remember.