Hyderabad is a city that is always on heels. You can find a lot of business opportunities in Hyderabad growing and at the same time, a lot struggling to cope with competition. Do you know it is not easy to start a business in this city? You need a business idea that has a good growth rate, unique and profitable. Hyderabad is a place where there are always a lot of businesses that open every day with unique concept. This article talks about top business ideas in Hyderabad.
Best Business Ideas & Opportunities in Hyderabad:
- Food delivery business
- Tank cleaning
- Online advertisements
- Tour agents
- Pet care services
- Relocating services
- Event management
- Errand runner
- Competitive exam coaching center
- Vehicle rental service
1. Food delivery business
| Investment | ₹20000 to ₹40000 |
| ROI | 3 months |
| Profit | ₹5000 to ₹10000 |
Not all hotels provide home delivery services. At the same time, customers might want best food items from the best restaurants at the same time. This is not possible with the current home delivery services. This is where your business starts. You get orders from the clients, send your helper boys to those hotels and deliver the requested food items to your clients. You need not have an infrastructure or inventory for this business. You would need a team of helper boys, internet connection, phone connection and an assistant to attend calls for you, if needed.
2. Tank cleaning
| Investment | ₹80,000 to ₹1,50,000 |
| ROI | 1 year |
| Profit | ₹10,000 to ₹15000 |
Tank cleaning might look like a simple business or an unskilled labour. Today, there are no adequate workers who can provide safe cleaning solution for water tanks. Your initial investment includes appropriate equipment, cleaning agents and a few helper boys (if needed). You can start the business for residential areas initially and then focus on commercial and industrial areas.
3. Online advertisements
| Investment | ₹1,00,000 to ₹2,50,000 |
| ROI | 1 year |
| Profit | ₹30,000 to ₹45,000 |
Do you have a working knowledge of online advertisement, PPC and online campaigns? If so, you can start your own digital advertising company. There are very few companies in Hyderabad in this genre. The initial investment includes, cost of rental space, equipment like computer, internet connection, telephone connection and others, salary for human resource, advertisement, website and so on. Your business motto is to help your clients advertise their business in search engine and gain more traffic to their sites.
4. Tour agents
| Investment | ₹70,000 to ₹1,00,000 |
| ROI | 5 months |
| Profit | ₹20,000 to ₹45,000 |
Hyderabad is one of the many places in India where many tourists visit every year. Starting from wildlife safari to sightseeing, tourists search for professional tour guides who arrange vehicles, plan their trip and also provide exciting information about each site. It is a very complex service. You need to control all aspects of the tour starting from booking hotels based on preference of your client to providing information about all tourism destinations. The initial investment includes equipment like binoculars, camping equipment and so on, a few human resource and a website.
5. Pet care services
| Investment | ₹1,00,000 to ₹3,00,000 |
| ROI | 1 to 2 years |
| Profit | ₹20,000 to ₹30,000 |
A lot of pet owners are looking for a service where they can leave their pet, while they go on a vacation. During that time period, you need to take care of feeding, walking, grooming and others. Apart from pet care service, you can also provide other services for regular clients like grooming, de-worming and so on. The scope of business ideas related to pet care is very high. Hygiene is very essential. The initial investment includes human resource, equipment, caging spaces, toys, commercial space, pet care products and so on. A website is an added advantage.
6. Relocating services
| Investment | ₹1,00,000 to ₹2,00,000 |
| ROI | 1 year |
| Profit | ₹20,000 to ₹30,000 |
There are a very few movers and packers in Hyderabad. People settle with semi-skilled labours for this process. If you can provide a cost effective service for moving and relocating, you can catch the market. You can also provide other value added services like temporary storage arrangements for those who plan on remodeling or cleaning their new house before relocating. Start up capital is required for buying trucks, package materials, human resource, commercial space, internet connection, computer and phone connection.
7. Event management
| Investment | less than ₹10,000 |
| ROI | 3 months |
| Profit | ₹40,000 to ₹50,000 |
Hyderabad is always in party mood. Starting from formal corporate parties to weddings, people are looking for efficient event managers. Do you have a strong network of caterers, decorators, chairs and other seating arrangement rentals, music orchestra, housekeeping services etc? You can start a profitable event management services. The capital required is very less as the finances would be handled by the host. You would need an internet connection, computer, phone connection and a strong network. Your success in this business depends on your networking skills and the speed of business idea’s growth depends on the type of projects you get.
8. Errand runner
| Investment | ₹8,000 to ₹15,000 |
| ROI | 3 months |
| Profit | ₹5,000 to ₹10,000 |
Starting from dry cleaning to post office, there are a lot of services that do not provide home delivery. In the hustle of today’s life, people in Hyderabad are looking for efficient people who can run errands for them. You would not need a large start up capital as all that you need is a small vehicle and a few helper boys. Starting from hunting for gifts to picking up dry cleaning, these helper boys should provide required services to your clients. The growth might take time as this is one of new business ideas in Hyderabad and acquiring clients would be hard. Even if you are able to satisfy one customer, you can increase your customer base through positive word of mouth.
9. Competitive exam coaching center
| Investment | ₹50,000 to ₹1,00,000 |
| ROI | 3 months |
| Profit | ₹40,000to ₹60,000 |
Starting from UPSC to AIEEE, there are a lot of competitive exams which are attended by students for post graduation and for jobs. You can start a business by hiring a few instructors who can teach the students for these exams. Syllabus for each exam is different and thus, you might need three to four instructors for one examination. It is better to focus on one examination for increasing business opportunities in Hyderabad. Your initial expense includes hiring instructors, leasing seating arrangement, rental space, blackboard, printed study materials and other stationery and advertisements.
10. Vehicle rental service
| Investment | ₹2,00,000 to ₹4,00,000 |
| ROI | 1 year |
| Profit | ₹20,000to ₹30,000 |
Taxi and rental car service businesses are at peak in the city. Your business model is to get profit by renting cars to taxi drivers and the rental car services. There are a lot of rental car services that do not employ more money in vehicles and tend to lease them. You can create an inventory of used cars of various models and rent them to companies and individuals. If you can spend more money, you can focus on trucks and small commercial vehicles which would yield more profit.
summary
These are the top business ideas for Hyderabad market. If you could create a good network and acquire a few loyal customers, you can break even faster. Before investing your money into any business, it is important to study about the business, SWOT (strength, weakness, opportunities and threats) and scope of the business in detail. This will help you to choose the best business opportunities that would suit your interest and needs. These are not the only business ideas that would provide profitable results, there are several other business opportunities in Hyderabad waiting for people with dedication and determination.
